CryptoTraderNews Archives - Page 9 of 20

ThursdaySep 26, 2019 11:41 am

A Consortium Of Partners For Libra

By now, we’re all aware of Libra, Facebook’s ambitious bid to create a global cryptocurrency for promoting financial inclusion to help bank the unbanked. Surprisingly to some, the Libra project has more decentralization than expected by many experts. The social media giant finally revealed Libra’s percentage breakdown with Facebook’s consortium of partners named. The list includes Visa, Uber, and Paypal but it’s important to note that Libra has been mired in controversy ever since Facebook announced its launch. In the battle to launch Libra, Facebook seems to have lost market share in India, China, and the European Union. China views…

WednesdaySep 25, 2019 11:47 am

U.S. Bans Venezuela’s Petro Cryptocurrency

President Donald Trump announced the ban of Petro, the Venezuelan cryptocurrency. The U.S. Senate Bill 1025, which will essentially enforce an executive order that was signed by Donald Trump in 2018, came into law. It bans U.S. citizens and permanent residents from trading, holding, purchasing, or spending the Venezuelan cryptocurrency, Petro, which is pegged by the oil reserves of the country. Of note, there were 20 pending bills on the Senate floor concerning cryptocurrency and Petro was passed on September 16, 2019, which could now be one of many more to come. It is clear that President Trump believes Petro…

TuesdaySep 24, 2019 11:29 am

Is Ethereum on the Brink of a Revival?

Ethereum ranks second in the crypto industry by market capitalization but in the past 24 hours there has been a steady price decline marginally at a rate of 1.08%. Ethereum is currently trading at $210.53 and it appears that market influencers are trying hard to bring the price down to $200. There is enough bearish pressure peaking above the line and the bears have been in control for most of September 2019. Initial resistance is near $224.8, and support lies are closer to the $174.4 level. A big break is highly unlikely as, according to most experts, altseason is here…

MondaySep 23, 2019 11:08 am

Ethereum Price Prediction and Analysis

The altcoin market has confirmed our predictions last week. The market cap has increased in the past 24 hours and altcoins are gaining momentum. The top two altcoins – Ethereum and XRP are rising sharply against Bitcoin and their value has increased significantly. While Ethereum had already been showing signs of bullish potential for days, XRP hinted that the bearish trend was coming to an end early on Tuesday. Portfolios with top altcoins have exceeded 10% gains in the past two days. Technical analysis has confirmed the return of the good times for Vitalik Buterin’s 2.0 project. Ethereum has a…

FridaySep 20, 2019 11:31 am

Will the EU Launch Its Own Digital Currency?

When social media giant, Facebook, launched plans to develop their own digital currency with plans to implement it through their apps and reaching potentially a billion people, it triggered a global debate, especially in the EU, about virtual currency legislation. The European Union began to look into drafting a legal framework for people, organizations and businesses on how to interact with cryptocurrencies. In an EU meeting in Helsinki, France’s minister Bruno Le Maire warned that Libra, Facebook’s cryptocurrency, could cause a risk to consumers, financial stability and even “the sovereignty of European states”. While speaking at a conference of the…

ThursdaySep 19, 2019 12:09 pm

Will Facebook Launch Libra in 2020?

The social media giant, Facebook made an announcement to launch Libra coin in June 2019, and it’s been trending in crypto news since then. On the heels of their announcement, Walmart, Telegram and even the People’s Bank of China (PBoC) announced plans to speed up the development of their own digital currency. But Facebook has been facing a lot of backlash and difficulties since their June announcement as they’ve been called for hearings about this and security concerns before Congress. The world is watching as central banks and other institutions around the world have been developing their own tokens despite…

WednesdaySep 18, 2019 11:22 am

Guide on Margin Trading

Day traders buy and sell stocks multiple times during trading hours in the hope of turning profits based on a stock’s volatility on any given day. Though the invested capital is at risk, there is still a possibility to turn a profit. The profits earned depend on the capital invested and a higher investment gives high returns. In the stock market, traders borrow funds from their broker or their exchange, and often “play the market” with more than the capital in their account would allow. Margin trading allows those traders to open long and short positions and take advantage of…

TuesdaySep 17, 2019 11:57 am

Will Bitcoin Reach $20K Before 2020?

At the time of writing, Bitcoin is trading at $10,360 and the last time we saw Bitcoin in this price range was weeks before the historic bull run of December 2017. Post that the cryptocurrency hit an all-time high of nearly $20K. Throughout 2018 the market remained bearish, however, Bitcoin is charging upwards now and it is safe to say that we have put crypto winter behind us. And BTCC co-founder Bobby Lee even stated that Bitcoin will exceed $20,000 to reach even $200,000 in a short amount of time. What is causing such predictions, and what makes this bull…

MondaySep 16, 2019 11:14 am

Libra Facing A Hostile Environment

The regulatory environment in the U.S. seems rather hostile towards Libra as things are heating up for Libra on a global scale with Facebook’s ambitious digital asset launch set to be blocked in Europe, India, and China. Facebook instituted a governing body for Libra in Switzerland and now even Swiss Central Bank‘s chairman and executives are expressing growing concerns around Libra and other stable coins. France has said it will block the development of Facebook’s Libra cryptocurrency as it poses a threat to “monetary sovereignty”. At the opening of an OECD conference on cryptocurrencies, the French economy and finance minister…

FridaySep 13, 2019 12:20 pm

Is The Era Of Altcoins Ever Coming Back?

In the past few weeks, there has been a jaw-dropping uptrend in Bitcoin dominance. The crypto community has been waiting for the altseason and cryptocurrencies have started gaining some strength against BTC for the first time. This led to slight Bitcoin dominance retracement; a drop from 71.2% to 70%. Analysts are convinced that altcoins are ready to finally gain some momentum. In August, Adaptive Capital’s, Willy Woo, remarked that altcoins were “heading into a region of support” at long last. This trend has continued in September. Bitcoin’s network effect has led to an increase in its value over the years…