Crypto News Platforms 

Cryptocurrency fraud continues to raise concerns in Belgium

“The FSMA black list of cryptocurrency trading platforms now includes a total of 113 websites” reports financefeeds.com. FSMA started publishing its “black list” of cryptocurrency platforms in February 2018.Today’s announcement underlines the growing concerns stemming from the rise of cryptocurrency scams. Source: financefeeds.com Share This:

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EUR/USD moves to session high, approaches the 1.14 handle… again

“Right now, price is running up to a high of 1.1395 and is approaching the 1.1400 handle again” reports forexlive.com. The pair continues to sit in its comfort zone of between 1.1300 and 1.1400 this week and the upper boundary is helping to limit gains so far as evident by yesterday’s trading.Besides the 1.1400 handle, there is also decent swing region resistance lurking just above at 1.1410-20 for sellers to lean on further in any case so I reckon that will keep price action contained ahead of the key event…

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Crypto Futures Markets News 

JPMorgan Chase Analysts Say Prolonged Crypto Bear Market Is Scaring Off Institutions

“Analysts from global investment bank JPMorgan Chase believe that the protracted crypto bear market is driving away institutional investors, Bloomberg reports on Tuesday, Dec. 18” writes Helen Partz for cointelegraph.com. They purportedly claim that in the past month the index reached its “lowest levels” since the launch of Bitcoin futures trading on Dec. 10, 2017.Moreover, JPMorgan reportedly stated that the average transaction size in the crypto market has dropped to lower than $160, opposed to about $5,000 one year ago.The experts reportedly noted the decreasing index of open interest (OI)…

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News Stocks 

Takeda Pharma’s ADRs to trade on NYSE

“The company’s ADRs, which currently trade over the counter, will trade under the symbol TAK. Takeda will keep its headquarters in Japan and its primary listing on the Tokyo Stock Exchange” writes Claudia Assis for marketwatch.com. Ltd. said late Tuesday its American depositary shares will start trading on the New York Stock Exchange on Dec. 24. Source: marketwatch.com Share This:

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Crypto News 

Hedge funds to start-ups, industry feels crypto pain

“Despite the downturn in cryptocurrency prices, Stover is still expecting 12 new crypto funds to launch within the next couple of months” writes unknown author for cnbc.com. So that would be 6 percent of our crypto funds,” Stover told CNBC in an email.Other funds like Morgan Creek Digital, which has $1 billion in assets under management, see the drop in cryptocurrency prices as an opportunity.Stover pointed out that most of the funds that are closing had very little capital and posted poor performance this year.Fast forward 12 months, and bitcoin…

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Brokers Crypto Markets News 

A new crypto company backed by Peter Thiel is launching to solve one of the industry’s biggest pain-points, and one trader said it ‘brings something that others haven’t brought so far’

“Crypto market experts have said that lack of prime brokerage services are one of the biggest pain-points keeping out mainstream institutional money” writes Dan Defrancesco for businessinsider.com. Tagomi Holdings, a startup backed by investors including Peter Thiel, went live this week with its electronic prime brokerage services for cryptocurrency markets.After seeing incredible growth towards the end of 2017, crypto markets have been hit hard in 2018.But despite these concerns, prime services are a positive step in the crypto market’s maturation.While it’s a positive step, prime brokerage services aren’t the cure-all…

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News Stocks 

An investment banker’s husband was charged with insider trading after he allegedly eavesdropped on her discussing a $2.6 billion M&A deal

“As the deal progressed, Cho allegedly used what he heard from her work to buy various call options for $4,124.49, eventually making $251,386.19 in profit” writes Meghan Morris for businessinsider.com. On multiple days, Cho’s trading made up 100% of the daily trading volume in Virgin stock, the SEC said.Bank of America and UBS led the deal for Alaska, but the SEC’s charge did not name either the investment banker’s employer or Cho’s accounting firm. Source: businessinsider.com Share This:

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