Crypto-Trading | FinTelegram News

Category: Crypto-Trading

February 28, 2021

Bybit Review – Unregulated crypto trading platform earned itself an FCA warning

The UK FCA recently issued an investor alert against Bybit (www.bybit.com). This is an unregulated crypto trading platform in existence since 2018 that claims to have more than 1.2M users and is operated by Bybit Fintech Limited, registered in the British Virgin Islands. Dun & Bradstreet presents Ben Zhou, a Singapore resident, as the key principal who describes himself on his LinkedIn profile as Co-Founder and CEO of Bybit. While it may not be the best crypto trading platform, it has no regulatory permission, which is a serious violation but doesn't seem to be a fraud. However, be very cautious!

February 19, 2021

StormGain Review – A crypto trading platform with an interesting ecosphere

StormGain (www.stormgain.com) is an unregulated crypto trading platform operated by the offshore entity Stormgain LLC in St. Vincent and the Grenadines. Currently, StormGain does not hold a license in any regulatory regime as a broker, investment firm, or financial services provider. Like Kraken, BitStamp, or other crypto brokers, StormGain lets you trade a range of crypto pairs. Partners of StormGain include Israel's Bits of Gold, Koinal, or Simplex. In December 2019, the Spanish regulator CNMV issued a warning against StormGain.

February 4, 2021

Cryptonomics – PayPal’s crypto trading volume exceeded expectations

Crypto has come to stay. Once again, there is a strong signal in this regard. And again from PayPal, which was already responsible for the 2020 crypto hype. On PayPal’s Q4 2020 earnings call, CEO Dan Schulman revealed that “the volume of crypto traded on our platform greatly exceeded our expectations." PayPal will continue to invest “significantly” in its new crypto, blockchain, and digital currencies business to “help share this more inclusive future,” in which everyone and not just affluent people have access to financial services.

Crypto-Trading

January 29, 2021

Investor Alert – Don’t fall for the Bitcoin pump happening right now!

Somehow, you could almost have bet on it. In the last two days, the pump-and-dump scheme of Reddit forum WallStreetBets (WBS) has shot up NYSE-listed GameStop's stock from somewhere around $5 to over $400 in some cases. A combined effort of several million investors coordinated through the Reddit forum. The fellows see themselves as heroes who can win against Wall Street's short-sellers. Today, bitcoin (BTC) is following that pattern, shooting up from under $33,000 to nearly $38,000 within an hour on super-high volume. The pump is still on. The crash will follow like GameStop.

Crypto-Trading

January 28, 2021

Fake Economy and Bitcoin – How the Easy Money Policy propelled the crypto bull-run

While Wall Street suffered its sharpest daily decline yesterday, BTC has already been in retreat for more than two weeks, losing more than 20% from its peak of nearly $42,000 and oscillating at $31,000. Some experts believe the crypto bull run, like the current stock rally, is fueled by a promising economic outlook and the U.S. Fed's easy money policy. The U.S. Fed said that the economic outlook is not so good anymore, but an easy money policy will be upheld. Both would be necessary to let BTC go further north or prevent it from collapsing.

January 22, 2021

BlackRock – The world’s largest asset manager joins the Crypto Universe

The bull run of cryptocurrencies has stopped for the time being. After Bitcoin (BTC) and Ethereum (ETH) reached new all-time highs of more than $41,000 and $1,400 within a few weeks, prices have been correcting for two weeks. One thing is certain, however. The entry of institutional investors into crypto has been broad-based - from PayPal to the world's largest asset manager BlackRock; the FIAT elite has definitely made first foodprints the crypto universe. This promises a durable crypto-asset future.

Crypto-Trading

January 18, 2021

Osprey Bitcoin Fund – A low-cost bitcoin trust about to be listed at OTCQX

The BTC is currently oscillating around $37,000 with a resulting market cap of around $680B. ETH is holding at over $1,200 with a market cap of around $140B. No surprise that new crypto-related financial instruments are emerging, such as Greg King's Osprey Bitcoin Trust (www.ospreyfunds.io), whose shares started to trade on the OTC market in New York a few days ago. This has given competition to Barry Silbert's Grayscale Bitcoin Trust and may drive additional demand for BTC.

Crypto-Trading

January 15, 2021

Exchange-traded crypto securities on the rise

More and more traditional investors, and especially institutional investors, want to diversify into crypto assets without getting involved in crypto exchanges or OTC themselves. They invest in exchange-traded securities that have a direct crypto connection. In the U.S., the market leader is Grayscale Investments with several crypto-related products, and in Europe, Germany's ETC Group is one of the market leaders. Trading in crypto-related products exploded in early 2021.

Crypto-Trading

January 11, 2021

The End of the Crypto Bull Run – Regulators and institutional investors urge to be cautious

Bitcoin (BTC) and with it, most other cryptocurrencies took a massive hit tonight. Some of the lost over 20%. Currently, prices are recovering somewhat, but this does not look too stable. Scott Minerd of Guggenheim Partners, who got massively into Bitcoin, has pointed out that the technical upside of $35,000 has been exceeded, and it is time for a correction. He is partially exiting. The UK FCA warns consumers against a naïve crypto investment approach.

January 2, 2021

SEC Complaint against Ripple may cause the first financial collapse in crypto universe

The last days of 2020 saw the U.S. SEC complaint against Ripple Labs Inc. alleging that its XRP is actually a security. A regulatory attack on the entire crypto scene, some analysts argue. Once the 3rd-largest crypto, XRP's market cap plummeted from more than $26 billion to less than $10 billion. Some crypto exchanges such as Coinbase, OKCoin, or Crypto.com have suspended trading in XRP. Is it the end of days for XRP and the crypto bull-run?

January 2, 2021

Crypto Year 2021 – Crypto pioneer Grayscale Investments of Barry Silbert celebrates records

The crypto bull-run happened amidst the COVID-19 pandemic. Bitcoin (BTC) finished 2020 just shy of $30,000 with a market cap of around $530 billion. A year ago, the price had been $7,100. 2020 was the year of institutional investors and PayPal's entry. With the crypto explosion, the digital Assets Under Management (AUM) of Barry Silbert's pioneering Grayscale Investments crypto trusts have surpassed the $20 billion mark. That's quite something, isn't it?

Crypto-Trading

November 20, 2020

$500 Billion Market Cap – Welcome to the COVID-19 Crypto Bull Run

The total market capitalization of all cryptocurrencies has surpassed the $500 billion mark for the first time since February 2018 as the price of several altcoins is moving up, while BTC’s price is hovering around the $18,000 mark. At the time of writing the BTC price oscillated around $18,300 at CryptoCompare. Most crypto experts expect the BTC to break the previous all-time high of almost $20,000 from December 2017 in this bull run.