By CCN Markets: Trading bitcoin comes with an extremely high degree of risk because of its volatility. Other than technical analysis, which can assist in finding buy and sell points, crypto traders are beholden to the whims of other traders. This is particularly true for bitcoin because its value isn’t tied to any asset, which would give it some framework for intrinsic value. Traders are making decisions based on what they think someone else believes bitcoin to be worth in a specific moment, which is in turn based on that person’s beliefs about other people’s psychology. Bitcoin traders are thus
By CCN Markets: Most analysts think Donald Trump would rather ink a trade deal with China than let the stock market fall. But the big question is, how far would the Dow Jones and S&P 500 have to collapse before Trump steps in? According to a survey by Bank of America Merrill Lynch, the key level for money managers is the December 2018 stock market low. Dow Jones crisis point – 21,792 S&P 500 crisis point – 2,351 Trump will sign trade deal if Dow falls 16% The survey, which polled US money managers with a total $ 528 billion under
Trade war or not, Amazon intends to challenge Alibaba’s dominance in China’s e-commerce industry. The Jeff Bezos-led company is on a hiring spree in China. Not to be outdone, Alibaba plans to raise up to $ 20 billion through a listing in Hong Kong. By CCN Markets: The war for China’s e-commerce marketplace is heating up, and it may result in a clash between two titans of industry: US powerhouse Amazon and homegrown champion Alibaba. Both Alibaba (NYSE: BABA) and Amazon (NASDAQ: AMZN) have had new developments emerge this week which signal increased competition in China’s e-commerce industry, despite the looming
Blackstone-owned IT firm Mphasis has partnered with blockchain tech firm Bitfury to automate and tokenize trade finance processes.
A crypto bull market may finally be upon us as the 13-month long bear market looks to have finally given way to a surge of new buying interest. The new money has driven a notable rise in Bitcoin (BTC), bringing in the leading digital currency to just under $ 9,000 for the first time in over […]
CNBC has long played a controversial role in the financial news industry. As the leading financial TV media outlet, CNBC often relies on experts and other talking heads to make predictions and speculate about upcoming market moves while bearing little responsibility for the fallout. As we previously reported, last year’s predictions made by experts and […]
Uber (UBER) is preparing to go public on the New York Stock Exchange on Friday at a price of $ 45 a share, giving the rideshare giant a $ 75.5 billion valuation. Investors hoping to get in on the action using Bitcoin (BTC) can do so on WCX, a crypto trading platform that allows users to trade […]
Cosmos (ATOM), Tendermint’s decentralized network of independent parallel blockchains, has been one of the biggest additions to the blockchain space this year. Self-styled as the third iteration of blockchain technology, Cosmos plans to solve many issues plaguing current platforms, including scalability, usability and sovereignty. Cosmos hope to achieve this by creating an “Internet of Blockchains” — […]
Volume has been ramping up across the cryptocurrency markets, with April seeing a new all-time high posted for daily global cryptocurrency volume. The month has also seen Chicago Mercantile Exchange (CME) report record trade volume for its BTC futures contracts, in addition to Cumberland’s trade desk reporting an influx of 1,000 BTC buy orders, signaling strength across numerous facets of the virtual currency ecosystem.
On March 8, London-based exchange Voltaire announced a new incentive for registered traders that provides the ability to earn BCH during each trade executed on the platform. According to Voltaire, which bases all of its exchange paired denominations in BCH, users will earn 0.2 percent of each trade and will be paid in bitcoin cash.
During the week of March 2, roughly 14,365 BTC changed hands via peer-to-peer (P2P) exchange Localbitcoins, equating to approximately $ 51.51 million worth of trade. Of that, 3,593 was BTC traded via the Russian markets, 83 percent more volume than was produced by Localbitcoins’ second-largest market, Venezuela.
Russia, Venezuela and United States Comprise Largest Markets on Localbitcoins
Approximately 3,593 BTC were traded for Russian rubles (RUB) on Localbitcoins this past week, making it the largest P2P market by trade volume. Russian Localbitcoins trade activity during the week of March 2 equated to 918 million RUB (approximately $ 13.81 million).
Over the last few days, cryptocurrency markets have been holding steady and consolidating after the correction on Feb. 24. Currently, the entire market capitalization is hovering around $ 129 billion and trade volume has started to diminish slightly with $ 24.9 billion traded over the last 24 hours. The top contenders capturing most of today’s daily gains consist of litecoin (LTC), binance coin (BNB), and ethereum classic (ETC).
NEM (XEM), a blockchain project building a network designed for better-performing smart assets, has had a rough start to the year after the new leadership published a report revealing it was on the verge of bankruptcy following a year of poor budget management. The news was enough to drop the price of the coin from $ 0.065 […]
The price of NEO (NEO), a Chinese-based blockchain platform, hit a 1-month high today as the project prepares for the upcoming Seattle DevCon event on February 16. NEO is now up 17.3% over the last week to $ 8.39, bringing the project to a $ 545.4 million market cap. Seattle DevCon 2019 Significant interest surrounds the upcoming […]
Cryptocurrency investors rejoiced Friday as the market closed out the week with a notable surge led by both positive Bitcoin ETF news and Litecoin (LTC) surging over 30%. Across the board, an increasing number of altcoins from Binance Coin to TomoChain appear to be decoupling from Bitcoin (BTC) and starting their own bull rallies. One […]
The United States and China are making progress in negotiations to end their ongoing trade war, but the world’s two largest economies won’t sign a new bilateral agreement just yet, US President Donald Trump said on Thursday. Trump Oval Office Negotiations Won’t Bring Trade Deal Writing on Twitter, Trump said that while he plans to meet with “China’s top trade negotiators” today in the Oval Office, he has no intentions of striking a formal trade deal until he meets face-to-face with Chinese President Xi Jinping. China’s top trade negotiators are in the U.S. meeting with our representatives. Meetings are
In recent peer-to-peer (P2P) market action, Latin American Localbitcoins trade has continued to show strength after producing record volume last month. In other news, P2P trade between the euro (EUR) and BTC has posted its strongest volume in 10 months.
European and South American Localbitcoins Markets Show Strength
EUR/BTC trade on Localbitcoins has recorded its strongest week since posting record trade when measured against fiat currency at the end of March 2018.
The day of reckoning has come for Huawei, as the U.S. Justice Department has unsealed a 13-count indictment against the world’s largest telecommunications equipment manager. Justice Department Charges Huawei The indictment alleges that Huawei, two affiliated companies, and its chief financial officer Meng Wanzhou committed fraud and conspiracy in connection with deals in Iran. Commerce Secretary Wilbur Ross stressed: These are law enforcement actions and are wholly separate from our trade negotiations with China. An indictment filed in Washington state accused the company of stealing trade secrets from T-Mobile USA Inc. and offering bonuses to employees who succeeded in getting technology from rivals, according
President Donald Trump and the US government are neck-deep in a trade war with China. Yet US businesses and investors pushed more venture capital investment into China in 2018 than ever before. Though Trump has added tariff after tariff on the country, America’s private sector doesn’t appear to share the same urge to punish or
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By CCN.com: U.S. Commerce Secretary Wilbur Ross quelled expectations of an imminent free-trade agreement with China Thursday after he said Washington and Beijing remain “miles and miles” apart on a new deal. No Deal Yet In an interview with CNBC’s Squawk Box, Ross indicated that the United States and China are nowhere near finalizing a
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