Tag: Trading

EU Set to Experiment With Blockchain-Based Stock, Bond and Fund Trading

Anthony B

Mairead McGuinness, the European Commission’s most senior financial-services official, hailed what she described as “groundbreaking work” that could enable financial markets to “safely experiment” with innovative technology more efficiently by allowing traditional financial instruments like stocks, bonds and exchange-traded funds to be tokenized in spite of strictures normally contained in EU law. Author: Jack Schickler Source link

ETH Continues to Leave Trading Platforms, Ethereum Balance on Exchanges Lowest in 3 Years – Altcoins Bitcoin News

Jamie Redman

While the second-largest crypto asset by market cap has gained more than 15% in value against the U.S. dollar during the last week, the number of ethereum stored on exchanges has dropped significantly during the last few weeks. In less than two years, more than 29% of the ether held on exchanges has left centralized trading platforms and since December 2021, roughly 5.89% or 1.51 million ether has left exchanges. Number of Ethereum on Exchanges Continues to Drop Seven days ago, Bitcoin.com News reported on the number of bitcoin (BTC)…

Binance Gets Business License to Offer Trading Services in Dubai

Nicholas Otieno

Binance, the world’s largest cryptocurrency exchange by trading volume, announced Wednesday that it has obtained a license from Dubai’s Virtual Asset Regulatory Authority (VARA) to carry out some business operations in the region. Binance received the greenlight as Dubai adopted its first law governing virtual assets last week and formed VARA as a market regulator to oversee the sector. In a statement, Binance said, “the exchange will be permitted to extend limited exchange products and services to pre-qualified investors and professional financial service providers. All licensed VARA service providers will…

A Taipei Executive Believes GameFi Can Fix Gaming’s Creative Drought; Bitcoin, Ether Are Flat in Light Trading

Sam Reynolds

At one point bitcoin was trading at about $39,00, slightly up over the previous 24 hours. Ether was selling at just over $2,550, off slightly over the same period. Other major cryptos in the CoinDesk top 20 by market capitalization also fell, although Terra’s luna and and Axie Infinity (AXS) were among the exceptions. Trading was light as investors seemed inclined to wait out events later in the week, including a decision by the U.S. central bank’s Federal Open Market Committee (FOMC) on the first of what many observers believe…

Bitcoin’s sub-$40K range trading and mixed data reflect traders’ uncertainty

Marcel Pechman

The phrase “hindsight is 20/20” is a perfect expression for financial markets because every price chart pattern and analysis is obvious after the movement has occurred. For example, traders playing the Feb. 28 pump that took Bitcoin (BTC) above $43,000 should have known that the price would face some resistance. Considering that the market had previously rejected at $44,500 on multiple instances, calling for a retest below $40,000 made perfect sense, right? Bitcoin/USD at Coinbase. Source: TradingView This is a common fallacy, known as “post hoc” in which one event…

Russian Crypto Trading Continues Even as Sanctions Tighten 

Jay Jackson

  Image Despite the tightening sanctions against Russia, crypto trading in the country continues. Russian investors appear to continue to conduct transactions in BTC and other cryptocurrencies. Data from Kaiko, a blockchain analytics firm indicates that Ruble-bitcoin trading volumes rose on Saturday, making this the highest level in 2022.  The majority of ruble-denominated crypto trading volumes appeared to be conducted using the Tether stablecoin, which is backed 1-1 with fiat.  Bitcoin rubble transactions also grew by a higher magnitude on March 5, according to Kaiko. The transaction volume for Bitcoin-ruble…

Bitcoin Dips; Trading Range Could Result in Sharp Price Swings

Anthony B

“With prices trading sideways in recent weeks, a relative equilibrium has been established,” Glassnode, the crypto data firm, wrote in a blog post. “However, given the limited incoming fresh demand, this delicate balance can be disrupted by any significant degree of seller exhaustion, or conversely a re-invigoration of sellers.” Author: Damanick Dantes, Angelique Chen Source link