Binance reportedly under CFTC investigation over US-based trading activity

Binance, the world’s largest cryptocurrency exchange by trade volume, is reportedly under investigation by the United States Commodity Futures Trading Commission regarding possible trades made by U.S.-based customers. Binance Holdings Ltd is being investigated by the watchdog concerning possible derivatives trades made by American customers, Bloomberg reported on Friday, after being tipped off by an anonymous source.Continue reading “Binance reportedly under CFTC investigation over US-based trading activity”

Should You HODL or Should you Trade?

What’s the best way to trade crypto? Should you HODL? Should you buy and sell after a few hours? Should you swing trade? Cryptocurrency is one of the best assets for momentum traders. It is liquid, it has range, and provides clean trends consistently. The truth is there is no one-size-fits-all strategy for crypto investing.Continue reading “Should You HODL or Should you Trade?”

Shark Tank’s Kevin O’Leary Reverses Stance on Bitcoin, Says Crypto Is Here to Stay, Invests 3% of His Portfolio

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has begun investing in bitcoin. Having previously called the cryptocurrency “garbage,” he has now changed his mind and believes that cryptocurrencies are here to stay. He is also getting used to the volatility of bitcoin and believes that institutional investors are willing to hold through price fluctuations.Continue reading “Shark Tank’s Kevin O’Leary Reverses Stance on Bitcoin, Says Crypto Is Here to Stay, Invests 3% of His Portfolio”

Top 10 Cryptocurrency Traders to Follow on Twitter in 2021

For all those trading cryptocurrencies, Twitter is by far the best venue to find all the latest about the market. Experienced Crypto-Twitter (CT) users know that you can find all the relevant updates about your favorite coin with one click. You only need to search for the ticker of the specific coin plus the “$”,Continue reading “Top 10 Cryptocurrency Traders to Follow on Twitter in 2021”

3 reasons Bitcoin price is quickly recovering from its ‘severe’ 23% correction

Bitcoin recovered quickly from $44,800 to over $50,000 in under 22 hours and here are three key reasons why The price of Bitcoin (BTC) quickly recovered from around $44,800 to over $50,000 within merely 22 hours.  Behind the rapid recovery are three major factors, including low funding rates, Square’s $170 million Bitcoin purchase, and the spot marketContinue reading “3 reasons Bitcoin price is quickly recovering from its ‘severe’ 23% correction”

Square, Inc. ‘doubles down’ on crypto with $170M Bitcoin purchase

In what is yet another development that highlights the value attached to cryptocurrencies by institutions, Square Inc. announced today that it has purchased another $170 million worth of Bitcoin, taking its total cash equivalents in the digital asset to five percent. “Why are we doing this? We believe the Internet needs a native currency and we believe Bitcoin isContinue reading “Square, Inc. ‘doubles down’ on crypto with $170M Bitcoin purchase”

If you have less money than Elon, you should probably watch out for Bitcoin’s volatility: Bill Gates

Bitcoin, which reached an all-time high of $58,640 was trading at $45,078, after registering a 15% dip in price in the last 24 hours- (3PM 23-FEB-2021). The downward swing has had many speculating whether Elon Musk, who reignited mainstream interest in the asset, could have influenced markets, through his tweets. However, Philanthropist, Bill Gates thinks that while Musk is immuneContinue reading “If you have less money than Elon, you should probably watch out for Bitcoin’s volatility: Bill Gates”

Tesla bitcoin gambit already made $1 billion, more than 2020 profit from car sales, estimates analyst

While the Bitcoin investment is a side show for Tesla, it has clearly been a good initial investment and a trend we expect could have a ripple impact for other public companies. Much has been made about the hefty sum that Tesla Inc. has invested in bitcoin, a speculative asset that has only been aroundContinue reading “Tesla bitcoin gambit already made $1 billion, more than 2020 profit from car sales, estimates analyst”

Bitcoin ETF Approved: First North American Bitcoin ETF Set to Trade on Toronto Stock Exchange

The first bitcoin exchange-traded fund (ETF) in North America has been approved to launch in Canada. Purpose Bitcoin ETF, an alternative mutual fund, is expected to list and trade on the Toronto Stock Exchange. With this approval, the U.S. has fallen behind Canada in approving a bitcoin ETF. First Bitcoin ETF Approved in North AmericaContinue reading “Bitcoin ETF Approved: First North American Bitcoin ETF Set to Trade on Toronto Stock Exchange”

Motley Fool invest $5M in Bitcoin to its ‘10X portfolio’ — has a $500K price target

“We plan to hold this Bitcoin investment for many years and we’ll wait for all of our members in our new 10X service to be able to buy before we do.” Financial and investment advisory giant The Motley Fool has announced it will invest $5 million into Bitcoin with the expectation that it will riseContinue reading “Motley Fool invest $5M in Bitcoin to its ‘10X portfolio’ — has a $500K price target”

How to use Leverage

Leverage is the use of buying power beyond the assets a trader or investor currently controls, allowing investors to bet larger with the same initial capital base. There are different ways to obtain leverage – the main three in the crypto world being lending desks, derivatives exchanges, and lending protocols. While this article focuses mostly onContinue reading “How to use Leverage”

Elliott Wave Principle

The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott (1871–1948), a professional accountant, discovered the underlying social principles and developed the analytical tools in the 1930s. He proposed thatContinue reading “Elliott Wave Principle”

Kim Dotcom Launches Whybitcoincash.com

On February 12, the founder of the now-defunct file-sharing website Megaupload and cryptocurrency proponent, Kim Dotcom tweeted about a new website he created that shows the upside of bitcoin cash. The web portal whybitcoincash.com highlights why people should join the digital money revolution and how “cryptocurrencies stand to transform the way business and individuals exchangeContinue reading “Kim Dotcom Launches Whybitcoincash.com”

Fundamental Analysis

Cryptocurrencies are volatile assets and crypto trading is associated with high risks, so it’s easy for novice traders to lose money on the crypto market if they don’t understand the rationale behind the digital assets’ price fluctuations. To better understand how the crypto market works one should familiarize themselves with fundamental analysis. What is fundamentalContinue reading “Fundamental Analysis”

What are Altcoins?

Altcoins are the other cryptocurrencies launched after the success of Bitcoin. Generally, they sell themselves as better alternatives to Bitcoin, thus the term “altcoin.” Many of the altcoins are built upon the basic framework provided by Bitcoin making most altcoins peer-to-peer. They try to offer efficient and inexpensive ways to carry out transactions on the Internet. Even with manyContinue reading “What are Altcoins?”

Why is Dogecoin so Popular?

The recent events that led to the astronomical growth of Dogecoin (DOGE) have undoubtedly brought popularity to the coin itself and to the community that has formed around what has been referred to as a  “meme-coin”. The cryptocurrency originally created for fun and the community that formed around it have greatly influenced the development and popularization ofContinue reading “Why is Dogecoin so Popular?”

Trade Cryptocurrencies & Profit on Binance

These trading methods are what will help you cut losses and make more money than others who trade with emotions without any founded strategies. As we know, be it Forex or Crypto, pro traders make money off the emotional traders. If you become the emotional trader other traders will make money off your emotions andContinue reading “Trade Cryptocurrencies & Profit on Binance”

Ethereum is heading to the Moon!

Ethereum Is Taking Off! 🤑Ethereum is having its day reaching new all-time highs a month after Bitcoin shot past $40,000 USD. The price is currently sitting just under $1700, which if we were to compare Ethereum against Bitcoin (which is nearly 2x above it’s previous all time high), Ethereum should be able to move upContinue reading “Ethereum is heading to the Moon!”

How to Trade Cryptocurrency

What is a long position? A long position (or simply long) means buying an asset with the expectation that its value will rise. Long positions are often used in the context of derivatives products or Forex, but they apply to basically any asset class or market type. Buying an asset on the spot market in theContinue reading “How to Trade Cryptocurrency”

The rise of Dogecoin shows us how memes can move markets

One of the most difficult problems in finance right now is figuring out the fundamental economic value of cryptocurrencies. And the past week has complicated this further. For many cryptocurrency investors, the value of Bitcoin is based on the fact it is artificially scarce. A hard cap on “minting” new coins means there will onlyContinue reading “The rise of Dogecoin shows us how memes can move markets”