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Tag: trading

Crypto News 

Bittrex to Halt Crypto Trading Services in 31 Countries

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“Crypto exchange Bittrex has decided to terminate its services in 31 countries, citing regulatory uncertainties behind the harsh decision” writes Arnab Shome for financemagnates.com. Meanwhile, to penetrate the European market, the exchange is gearing up to open a digital asset exchange based in Liechtenstein.London Summit 2019 Launches the Latest Era in FX and Fintech – Join Now The crypto exchange detailed that it has informed traders based on each of these countries about the termination of trading services via email.This decision to cut short the markets came months after Bitrex…

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Crypto News 

Will the End of 2019 Mark a Big Change for Bitcoin?

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“The month marked the controversial bitcoin cash hard fork that ultimately gave birth to bitcoin SV, a currency endorsed by Australian bitcoin developer Craig Wright” writes Nick Marinoff for livebitcoinnews.com. While bitcoin, Ethereum, bitcoin cash and Litecoin continue to struggle, the Ripple-based currency is consistently turning heads and outdoing a lot of its digital competition.For the most part, Ripple’s XRP appears to be this month’s biggest player, with the currency trading at the 30-cent mark for the first time in several weeks.So, what’s going to happen with bitcoin over the…

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News 

Trading in your smartphone could be a ‘ticking time bomb’ for your personal data — here’s how one expert says you can protect yourself

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“However, Ernst also notes that people are reluctant to trust third-party sellers with their phones, which contain so much personal data” writes Mary Meisenzahl for businessinsider.com. According to Ernst, consumers need to interrogate the services they use to trade in their phones.Consumers need more awareness about protecting their data.”It’s a ticking time bomb,” Ernst said about the phone trade-in industry in an interview with Business Insider.He says that a factory reset removes pointers to files containing this data, but not the data itself. Source: businessinsider.com

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Crypto Markets News 

Bitcoin Recovers Above $8K After 18th Million Bitcoin Was Mined

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“The biggest cryptocurrency is trading at $8,041, up 1.2% over the past 24 hours, according to Coin360” writes Helen Partz for cointelegraph.com. However, Bitcoin is still in red over the past week as its price is down 3.4% over the past seven days.Saturday, Oct. 19 — crypto markets are seeing a slight recovery after another downward movement as Bitcoin (BTC) is back to trading above $8,000.After trading below $8,000 threshold for most of the day, Bitcoin has seen a sharp recovery to climb above the mark at publishing time. Source: cointelegraph.com

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Crypto News 

Alipay Denounces Bitcoin OTC Trading: Regulatory ‘Gray Area’ in China

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“Indeed, following the 2017 trading and ICO ban, reports began to emerge of growing P2P Bitcoin trading in China” writes Osato Avan-nomayo for cointelegraph.com. These exchanges reportedly mask such activities by using the guise of running a P2P trading desk for the BTC/USDT trading pair.While the Alipay/Binance situation was unfolding, a Twitter account named Blocfilo posted some startling revelations about the Chinese crypto trading scene.There are even reports that major crypto exchanges use these backchannel avenues to conduct P2P Bitcoin trading in China.Earlier in October 2019, Binance announced a fiat on-ramp…

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Crypto News 

Fidelity Investments Fully Rolls Out Crypto Custody Service, Exec Says

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“American financial services company Fidelity Investments has fully launched its cryptocurrency custody service” writes Ana Alexandre for cointelegraph.com. Last fall, Fidelity specifically indicated that it would provide an enterprise-grade crypto custody service to hedge funds, family offices and financial advisors.Recently, Kathleen Murphy, personal investing president of Fidelity Investments, said that the firm does not offer cryptocurrencies on retail trading platforms to protect its clients.Johnson said that the company is ready to roll out its crypto custody business following a year-long preparation and accumulation of clients. Source: cointelegraph.com

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Crypto News 

Poloniex Spins Out From Circle to Form New Exchange Not Available in US

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“United States-based crypto exchange Poloniex is spinning out from Circle to form a new exchange that will not support trading for customers based in the U.S. The new independent firm, called Polo Digital Assets, will free Poloniex from its parent company Circle, the firm said in an official announcement on Oct. 18” writes Helen Partz for cointelegraph.com. According to the announcement, Polo Digital Assets will not be available for U.S. customers, and Circle will be shutting down operations for U.S.-based Poloniex clients.In late September, Circle announced its decision to pause…

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Brokers News 

Russian c-bank detects over 140 illegal Forex brokers in first 9 months of 2019

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“The Central Bank of Russia has identified more than 140 illegal Forex brokers during the January-September period of 2019” reports financefeeds.com. These entities, according to the regulator, abuse the insufficient knowledge of Russians about the securities market regulation, and solicit investments into activities such as Forex trading.He also stressed the problem of the activities of pseudo training centers which lure clients for illicit online trading firms. Source: financefeeds.com

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News 

Juul to suspend online sales of flavored e-cigarette

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“Juul Labs Inc. said Thursday that it will suspend online sales of non-tobacco, not-menthol-based flavors of e-cigarettes, including Mango, Creme, Fruit and Cucumber, in the U.S. The company had previously suspended all broadcast, print and digital product advertising in the U.S., and has refrained from lobbying the Trump administration on its draft flavor guidance” writes Reporter Editor for marketwatch.com. MO, +1.24%, which disclosed in December a $12.8 billion investment in Juul, rose 1.2% in afternoon trading, but has lost 10.9% year to date while the Dow Jones Industrial Average DJIA,…

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Crypto Markets News Platforms 

Algoz to Provide Trading Strategy Services to UltraAlpha Users

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“Digital asset management platform UltrAlpha has partnered with Algoz to receive its long/short alpha links trading strategy service” writes Arnab Shome for financemagnates.com. With its professional asset management service, UltrAlpha is focusing on both asset managers and accredited investors in the digital asset trading space.Earlier this year, the company also partnered with multiple crypto companies to provide liquidity services for the trading of their digital currencies.With the boom in the crypto market, the fintech firm extended its reach towards the digital asset industry in 2016 by setting up AlgoZ to…

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