Global investment platform eToro has announced its new sentiment-based crypto portfolio offering called TheTIE-Long-Only. For this, eToro has joined hands with a data analytics platform The TIE which can formulate an algorithm-based investment strategy.The input data for this sentiment-driven trading platform will be Twitter mentions. The social media platform Twitter has been the main platform for discussing crypto activities. Several popular analysts and companies share their trading...
Read More »CoinShares, Blockchain and MKS Partner Creating Gold Token
Digital asset manager CoinShares decided to start working with gold meaning putting this asset on the Bitcoin blockchain.Together with Blockchain that is a wallet solutions provider and MKS (Switzerland) SA that acts as a precious metal trader this British company said on Tuesday they are making a gold-backed network that will be used for token trading and will represent digitized physical gold. The whole project took more than two years to be finalized.As per CoinShares, the network launched...
Read More »Cardano (ADA) Price Analysis: Primed For More Downsides
ADA price is back in a bearish zone below the key $0.0400 support area against the US Dollar.The price is likely to extend its decline towards the $0.0375 or $0.0360 support.There was a break below a major bullish trend line with support near $0.0408 on the 4-hours chart (data feed via Kraken).The price could correct a few points, but the previous support near $0.0408 might prevent gains.Cardano price is currently declining against the US Dollar and bitcoin. ADA price remains at a risk of...
Read More »Cryptoindex.com’s CIX100 Index Get Listed on NASDAQ
The future seems brighter for the NASDAQ platform with the listing of Cryptoindex’s CIX100 index. Cryptoindex is one of the performing indexes for investors in the cryptocurrency ecosystem.This news is encouraging for the crypto market at large. Openings with such scale, particularly those of neuro-based projects, confirm that classical exchange networks are more than ready for innovation and reflect a massive acceptance that’s looming. Initially, the CIX100 Index was listed on TradingView,...
Read More »Bitcoin Price Analysis: BTC Signaling Bearish Continuation
Bitcoin price is currently declining and it recently failed to surpass the $8,660 resistance against the US Dollar.The price is now trading well below the key $8,400 and $8,300 support levels.There is a declining channel forming with resistance near $8,300 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to extend its decline as long as there is no upside break above $8,300 and $8,400.Bitcoin price is signaling more downsides below $8,200 against the US...
Read More »Amun and Binance Launch BNB ETP on Swiss SIX Stock Exchange
Photo: Binance BlogBinance has partnered with premier exchange-traded product Amun AG to create an ETP that has the BNB token as the primary asset but listed in US dollar value. This development was announced today by the leading cryptocurrency exchange. Trading of the newly developed product (the Amun BNB ABNB) has started on the Swiss SIX exchange today.Changpeng Zhao CEO Binance indicated this in a tweet as well.A MAJOR step. Now you can trade $BNB ETP on Swiss Stock Exchange (Ticker:...
Read More »Grayscale Investments Receives FINRA Regulatory Approval
Even though a cryptocurrency exchange-traded fund (ETF) still has to assemble regulatory approval, Grayscale Investments manage to get a green light from FINRA in order to list, what it calls – the first publicly-traded digital currency index fund.After they’ve got Financial Industry Regulatory Authority’s approval, the so-called Digital Large Cap Fund (DLC) will be listed on over-the-counter markets and trade under the initials GDLCF.This is company’s fourth publicly-quoted investment...
Read More »CME Group Says Institutional Players Have Increased Appetite for Bitcoin Futures Contracts
The Chicago Mercantile Exchange (CME) Group, a global derivatives marketplace with a wide range of futures and options products, has said that in the last quarter, its Bitcoin futures offering has increased considerably in popularity. According to the CME Group its open contracts surged by 61 percent in number from the same period about a year ago.The CME Group has said that the reason for this is a significant increase in demand from institutional entities that have increased their appetite...
Read More »Tron (TRX) Price Analysis: Uptrend Gaining Pace Above $0.0160
Tron price is gaining bullish momentum above the $0.0160 resistance against the US Dollar.TRX price is likely to surpass the $0.0172 and $0.0175 resistance levels in the near term.There is a significant bullish trend line forming with support near $0.0161 on the 4-hours chart (data feed via Bitfinex).The price could correct a few points, but it remains well supported near the $0.0155 level.TRON price is trading in a steady uptrend against the US Dollar and bitcoin. TRX price is likely to...
Read More »Forex Broker FXCM Trading Group Introduces New Crypo Basket Service for Retailers
The FXCM Group, an international online platform that offers foreign exchange (FOREX) trading, digital asset trading, as well as contracts-for-difference (CFD), has announced the start of a new offering for cryptocurrency baskets, targeted at the company’s retail patrons.According to an official FXCM press release, the new crypto basket is called CryptoMajor and will allow retailers handle a pool of five different digital currencies at once. The announcement specifies that the assets...
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