CryptoTraderNews Archives - Page 11 of 20

TuesdayAug 27, 2019 10:31 am

Binance’s Venus vs Facebook’s Libra

The battle over stablecoin dominance is upon us with Binance and Facebook dominating the crypto news. Over the past two years, tokens that are pegged to and backed by real-world assets, like fiat currency or gold, have made a huge strides in disrupting the economic culture around the world and within the crypto industry. Stablecoins have been tackling issues of market volatility and championing cheaper and more effective payment methods. Social media giant, Facebook announced the launch of its stablecoin, Libra earlier in June 2019. JPMorgan started customer trials in July with their JPM coin, and Binance recently announced plans…

MondayAug 26, 2019 11:17 am

Binance Launches Venus Project

On August 19, 2019, Binance announced plans to initiate and launch an open blockchain project called Venus on the heels of other stablecoin projects like Facebook’s Libra, JP Morgan’s JPM token, or even Beijing’s WeChat Pay proposals. While there is huge competition to leverage market share and interest in a crypto token that has enough stability to onboard retail and enterprise establishments into accepting a digital form of currency, Binance is ahead of the curve and fundamentally different from the other projects out there. According to their press release, Binance has “already reserved its public chain technology and cross-border payment…

FridayAug 23, 2019 11:17 am

What is Softbank?

Softbank Group Corp. is a Japanese multinational conglomerate holding corporation based in Japan. It has been around for quite sometime now. Different branches of Softbank include Softbank Corp., the more recent Softbank Vision fund, ARM, and an investment management firm. Softbank also owns Boston Dynamics, and significant stakes in Sprint, Alibaba, Yahoo! Japan It recently branched out to investing in more innovative companies such as Uber, OYO rooms, Didi Chuxing, Ola, in addition to other compelling and controversial companies such as WeWork. Its leaders have high ambitions and have been on an investment spree across the world, raising funds from…

ThursdayAug 22, 2019 10:57 am

Should I Invest in Bitcoin or Altcoins?

The crypto industry has over 2,308 altcoins and tokens, and almost every month hundreds of new tokens are added to the market. With every new token, there’s a promise of innovation, changing the industry and the crypto ecosystem. With so many options, it gets overwhelming to pick a token to buy. However, it doesn’t have to be challenging, and you can pick tokens that suit your financial goals and risk appetite. There is no right or wrong token, but there’s always the best-suited tokens for different portfolios. So let’s dive into this and go over facts and investment opportunities in…

WednesdayAug 21, 2019 11:23 am

Will Ethereum Replace Bitcoin Some Day?

On July 24, 2019, institutional cryptocurrency exchange SFOX suggested that Ethereum may not be an altcoin anymore. In its latest report, SFOX suggested that “ETH may not fit into the altcoin category because BTC’s current correlation with Ether is markedly higher than its correlations with other altcoins.” The report further stated that “This may support the idea that Ethereum is coming into its own as a blockchain that is publicly recognized as an asset on its own terms, much like Bitcoin. If this trend continues, it may become inappropriate to categorize Ethereum as an ‘altcoin’ at par with other crypto…

TuesdayAug 20, 2019 1:07 pm

What You Need To Know About The Robinhood UK Broker License

Cryptocurrency-enthusiasts already use Robinhood in the states for their traditional equities and innovative cryptocurrency trading needs. This privately held finance startup company is in fact valued over a billion dollars and joins the ranks of the unicorn club. Robinhood rose to the ranks of the unicorn club by becoming one thing for a specific audience. It showed that by focusing on eliminating fees and appealing to a design friendly mobile oriented consumer base, they could raise the bar and build a rabid base. With incentives such as earning a stock for referring friends and zero-fee trading, Robinhood became an app…

MondayAug 19, 2019 12:44 pm

HODLing Bitcoin: 2017 vs 2019

Think of cryptocurrency markets as a Formula One race, except for the fact that this race is on all year round. Cryptocurrencies are qualifying teams and the price action that you see for any cryptocurrency – like Bitcoin – is fuel for the car. This fuel is represented by cycles of fear and greed. Fuel is the most crucial element for racing cars. It keeps the cars going. F1 cars consume 140 liters or more in fuel, much more than ordinary cars. If the car runs out of fuel, it stops. Similarly, cryptocurrency markets and hype cycles run on fear…

FridayAug 16, 2019 11:17 am

Will Altcoins Continue To Bleed This Season?

Are altcoins bleeding out and falling to Bitcoin’s market dominance in the cryptosphere? Bitcoin’s dominance is at 68.3% of the entire crypto market capitalization and altcoins are getting crushed in trades against it. In this month alone, Bitcoin’s dominance rate hit 70% for the first time in 26 months and is currently the most prevalent, trading at $10,227. While Bitcoin has continued to gain market share in the past seven days, major altcoins like Ethereum, Ripple, Bitcoin Cash, Litecoin and even Binance coin have lost significant market share. In a nutshell, they’re bleeding out. As altcoins struggle against BTC market…

ThursdayAug 15, 2019 10:54 am

Japanese E-Commerce Giant to Launch Virtual Banking Services in Japan

Japanese e-commerce giant Raktuen has acquired permission to launch virtual banking services in Taiwan. The virtual bank will be launched by the name of Rakuten International Commercial Bank. It would add to the roster of credit card and marketplace services already provided by Rakuten in Taiwan. Rakuten aims to start providing its virtual banking services to consumers by 2020. It will set aside a total capital of 100 billion TWD for the initiative. The initiative is launched in collaboration with a local financial firm. Rakuten Was Not the Only Company That a Virtual Banking License in Taiwan As reported by…

WednesdayAug 14, 2019 11:07 am

Is Ripple-Backed MoneyGram Set To Oust Western Union?

Western Union has been the undisputed leader of international remittances and this could make us think that the company will remain a successful monopoly in this space forever. But, with the arrival of disruptive innovation like P2P, Blockchain, and cryptocurrencies, it is in danger of losing its market capitalization. Western Union started its international money transfer business in the 80s and covered major destinations like China by mid-90s. In the first ten years of its operations, Western Union successfully disrupted the industry and faced no immediate threat from competitors. Most competitors filed for bankruptcy and closed shop. Western Union’s stock…