Archive | trading

Nasdaq Develops Blockchain Tech for Rapid Collateral Delivery for Margin Calls

Nasdaq has developed a distributed ledger blockchain system that optimizes the use of securities as collateral for margin calls. A network is built between collateral givers, collateral takers, and intermediaries, and the system rapidly transfers collateral to central counterparties (CCP) round the clock. The CEO of Nasdaq Clearing, Julia Haglind, said, “As both a leading […]

French Regulator Cracks Down on Unauthorized Crypto Platforms

The French independent financial regulator, Autorité des marchés financiers (AMF), has issued a warning to the public that unregulated cryptocurrency exchanges operating in the country are illegal. AMF is the stock market regulator in France, an independent public body that is responsible for safeguarding investments in financial instruments and in all other savings and investment […]

Goldman Sachs Considering Crypto Trading Services

The chief operating officer of Goldman Sachs, David Solomon, said clients are asking to trade cryptocurrency so the firm is holding discussions to consider that possibility. He says Goldman Sachs must “evolve its business and adapt to the environment”. Goldman Sachs is a multinational investment bank headquartered in New York City that offers asset and investment […]

Ethereum Classic Price Analysis: ETC/USD Surging Higher

Key Highlights Ethereum classic price gained heavy bids and surged above the $17.00 resistance against the US dollar. There is a crucial bullish trend line formed with support at $16.20 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is placed nicely in an uptrend and it could accelerate gains… […]

Ripple Price Analysis: XRP/USD Remains in Uptrend

Key Highlights Ripple price stayed above the $0.5250 support and bounced back against the US dollar. There is a crucial ascending channel forming with support at $0.5380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently in an uptrend and it is likely to accelerate gains above $0.5500… […]

Ethereum Price Analysis: ETH/USD Targets New Highs

Key Highlights ETH price found a strong support around the $525 level and recovered against the US Dollar. Yesterday’s highlighted important bullish trend line is intact with support at $518 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher and it may perhaps target a new high… […]

Ripple Price Analysis: Can XRP/USD Hold This Support?

Key Highlights Ripple price failed to move above the $0.5620 resistance area and trimmed gains against the US dollar. There is a key connecting bullish trend line in place with support at $0.5250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair has to remain above the $0.5250 support area… […]

Bitcoin Cash Price Analysis: BCH/USD’s Failure Near $900

Key Points Bitcoin cash price failed to move above the $900 resistance zone and declined against the US Dollar. There is a short-term connecting bullish trend line formed with support at $865 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair must stay above $860 and the 100 hourly simple… […]

Top Russian Banks Roll out Crypto Portfolios to Legitimize Digital Currency Trading

Russian paper Kommersant reported last Friday that Sberbank and Alfa Bank were planning to launch cryptocurrency portfolios for their clients to legitimize trade and ownership of shares in digital currencies. The assets will trade in the world’s most valuable virtual currencies; Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Monero and Stellar. According to the news, to facilitate this goal, Sberbank […]

Ethereum Classic Price Analysis: ETC/USD Gaining Momentum

Key Highlights Ethereum classic price is slowly moving higher and is currently above $14.50 against the US dollar. There is a major bullish trend line formed with support near $14.40 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is in an uptrend and it may perhaps continue to move… […]

Ripple Price Analysis: XRP/USD Poised to Extend Gains

Key Highlights Ripple price formed a major low near the $0.5100 level and bounced back against the US dollar. Yesterday’s important bearish trend line was broken with resistance near $0.5200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair tested the $0.5500 resistance zone and is currently correcting lower. Ripple… […]

Ethereum Price Analysis: ETH/USD Broke Key Resistance

Key Highlights ETH price made a nice upside move and broke the $495 resistance against the US Dollar. There was a break above a major bearish trend line with resistance at $498 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now placed nicely above the $500 level and the 100… […]

Bitcoin Cash Price Analysis: BCH/USD May Overtake $900

Key Points Bitcoin cash price bounced back sharply from the $825 support area against the US Dollar. Yesterday’s highlighted key bearish trend line with resistance at $840 was breached on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently trading just below the $900-910 resistance, and it may soon… […]