They can help you tackle a falling market with poise. One tool championed by TradeSanta is the trailing stop-loss. This means that a normal stop-loss order doesn’t need to be set manually every time a market trend takes a turn against a trader’s favor — across both long and short positions. For someone who is
Bitcoin (BTC) neared $60,000 on March 30 after PayPal confirmed that it had formally launched cryptocurrency payments. PayPal: Crypto is now “legitimate funding source” Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD hitting a ten-day high on Tuesday as details appeared in the mainstream press. According an exclusive report from Reuters, PayPal is set to release
With a possible billion-dollar NFT drop and a high-powered, multi-project collaboration in the works, the Ethereum ecosystem may finally be ready to compete with nonfungible token (NFT)-centric blockchain Flow. Ethereum software developers Consensys announced in a press release today Palm, an environmentally-friendly NFT scaling solution. Palm will be a sidechain designed to be “fully connected”
Tether Holdings Limited, a company behind the world’s largest stablecoin Tether (USDT), has released an assurance opinion to confirm that Tether tokens are fully backed by its reserves. In a statement shared on Twitter Tuesday, Tether provided the company’s Consolidated Reserves Report, or CRR, accompanied by an assurance report from accounting network Moore Cayman. Signed
Online payments giant PayPal will start to accept cryptocurrency as a medium of exchange at its millions of global merchants, the firm’s president and CEO revealed on Tuesday ahead of a formal announcement. News broke regarding PayPal’s rumored decision to accept cryptocurrencies early on March 30. Later in the day, the firm’s CEO, Dan Schulman,
The U.S. Securities and Exchange Commission (SEC) attempts to stop XRP holders from joining the on-going lawsuit as third parties. In a letter to Judge Analisa Torres, the SEC’s Senior Trial Attorney Jorge Tenreiro argued that XRP holders had not clarified their actions. What’s more, Tenreiro states consolidation/coordination of claims is statute-barred without the SEC’s
The Dubai Financial Services Authority, or DFSA, is continuing its efforts to create a standardized framework for cryptocurrency regulations in the megacity. According to a DFSA press release issued on Monday, Dubai’s financial regulator has called on members of the public to submit comments on its proposed regulations for cryptos deemed to be security tokens.
Ripple is thrilled to welcome Brooks Entwistle as Managing Director of Southeast Asia to lead and scale the company’s operations in our fastest growing region. Brooks joins at an exciting time for RippleNet, which now includes Singapore-based remittance company BKK Forex, adding to Ripple’s fast growing customer base in the region like—Siam Commercial Bank, iRemit,
Venezuelan customers from the biggest satellite TV provider in the country are now able to pay their monthly bills via cryptocurrencies. Simple TV announced it had enabled the feature to its over four million users, whose company was the replacement of Directv. Company Expects to Cut Dependency on Fiat Dollar According to the announcement, the
Research from on-chain analytics provider Glassnode has found that roughly three-quarters of circulating Bitcoin last moved on the blockchain when prices were below $10,800, suggesting most market participants are long-term holders. Glassnode’s March 29 ‘Week on Chain’ report found that 25.43% of circulating BTC last traded between the prices of $10,800 and $58,800. With Bitcoin
E-commerce merchants can now transact in nearly 40 cryptocurrencies through global payment platform Nuvei. According to the announcement, merchants partnered with the payment provider can use an array of cryptocurrencies to send and receive payments across 200 countries, including top assets Bitcoin (BTC) and Ether (ETH), lesser known cryptos such as Reddcoin and Bitcoin Gold,
Nischal Shetty, CEO of Indian crypto exchange WazirX, and other stakeholders in the industry are reportedly working toward convincing the government to adopt more nuanced cryptocurrency regulations. According to a report by The Economic Times, the country’s Blockchain and Crypto Council has drafted a presentation note highlighting recommendations for cryptocurrency regulations in India. The regulatory
New reports emerging from South Africa suggest privately held firms are converting a portion of their cash holdings into bitcoin as they seek to hedge against currency devaluation. According to one report, an open-source software specialist firm, LSD Open, could well be the first South African company to make the bold step after it reportedly
The open interest on Bitcoin (BTC) Dec. 31 call options between $100,000 and $300,000 reached an impressive 6,700 contracts, which is currently worth $385 million. These derivatives give the buyer the right to acquire Bitcoin for a fixed price, while the seller is obliged to honor it. One might think that this is a great
Klaytn, the blockchain project of South Korean tech giant Kakao, has partnered up with NFT marketplace OpenSea to bring a non-fungible token market to its platform. Klaytn is a smart-contract platform developed by Kakao’s blockchain wing, Ground X, which will develop its own NFTs and offer them out on OpenSea by the end of June,
On Monday Visa Inc announced that it had launched a pilot program with Crypto.com to enable its partners to settle fiat transactions by sending USD Coin (USDC) stablecoin to Visa’s Ethereum address at Anchorage digital bank. This step by Visa shows that legacy finance companies are increasing their adoption of cryptocurrencies. According to a PwC report