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Crypto Derivatives: A Corner of the Market or the Market Itself?

Crypto Derivatives: A Corner of the Market or the Market Itself?

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Crypto Derivatives: A Corner of the Market or the Market Itself? Emmanuel Goh is co-founder & CEO of skew. – a financial technology startup headquartered in London since 2018. These opinions are his and do not necessarily reflect the view of CoinDesk. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. The race is on. One business day before the much-awaited ICE/Bakkt launch, the CME announced it would be listing bitcoin options in Q1 2020. ICE returned the favor by announcing it would also be launching options contracts but in December this year/ Why are two of the largest exchanges in the world competing s
How to Spot Bitcoin’s Golden or Death Cross Using Simple Moving Averages

How to Spot Bitcoin’s Golden or Death Cross Using Simple Moving Averages

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. How to Spot Bitcoin’s Golden or Death Cross Using Simple Moving Averages Understanding short-term and long-term moving averages (MAs) is important for trading strategies, whether for cryptocurrency or traditional assets. Two rare but powerful signals that traders look for occur when the short-term and long-term MAs cross. On the upside, that’s the golden cross, and, on the downside, it’s called the death cross. Golden and death crosses have predicted many of the worst economic downturns of the previous century; for example, the death cross predicted the 1929, 1938, 1974 and 2008 bear markets. Importantly, they underscore the potency of a primary trend, enabling traders to navigate the chaotic waters of bitcoin’s (BTC) extreme int
German Regulator Orders ‘KaratGold Coin’ Issuer to Cease Operations

German Regulator Orders ‘KaratGold Coin’ Issuer to Cease Operations

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Please share if you find this article interesting. German Regulator Orders ‘KaratGold Coin’ Issuer to Cease Operations The hammer is coming down again on the Karatbars ecosystem as German and South African regulators have taken separate actions over sales of a purportedly gold-backed cryptocurrency. Germany’s Financial Supervisory Authority (BaFin) disclosed Monday that it had issued a cease-and-desist order against Karatbit Foundation on Oct. 21 for issuing its KaratGold Coin without necessary licensing in the country.  Also Monday, South Africa’s Financial Sector Conduct Authority (FSCA) warned consumers to avoid investments offered by Karatbars International GmbH, a German firm that promotes the allegedly gold-backed KaratGold Coin. Under the BaFin order, the foundation must “
Bitcoin Falls Through Key Average as Traditional Markets Hit Record Highs

Bitcoin Falls Through Key Average as Traditional Markets Hit Record Highs

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Falls Through Key Average as Traditional Markets Hit Record Highs View Strong performances in traditional assets and a lack of new reasons to buy crypto is suppressing BTC’s price. A loss of the 50-day moving average exposes the $8,000 price level. The daily RSI shows that momentum slowing, which could hint at greater selling pressure in the short term. Bitcoin (BTC) is at risk of another sell-off after its price fell beneath a key moving average on Nov. 15, as a relatively strong performance by traditional assets caught investor attention. According to Jeff Dorman, CIO at Arca, an investment management firm dealing in digital assets, BTC’s drop in price is inversely correlated to the strength of global markets, including
Chainalysis Says BitForex Trading Volumes Could Be Fake

Chainalysis Says BitForex Trading Volumes Could Be Fake

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Please share if you find this article interesting. Chainalysis Says BitForex Trading Volumes Could Be Fake BitForex exchange could be faking its bitcoin trading volume, according to a report released Friday by crypto auditors Chainalysis. For every one bitcoin recorded entering on-chain between January and November, BitForex claims some 40,000 bitcoins trades traded, the Chainalysis report said. That compares to most leading exchanges average with about 6 bitcoins traded to one on-chain.  “There should be a relationship with the bitcoin moving onto the exchange and how much it is traded,” Philip Gradwell, chief economist for Chainalysis and compiler of the report, said. The findings of the report were announced at the Chainalysis Links conference in New York.  BitForex did not re
Bitcoin Hovers Near Price Support as Long-Term Bear Cross Looms

Bitcoin Hovers Near Price Support as Long-Term Bear Cross Looms

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Please share if you find this article interesting. Bitcoin Hovers Near Price Support as Long-Term Bear Cross Looms View BTC is on the defensive and may face selling pressure in the run up to the bearish crossover of the 100- and 200-day averages. Prices will likely breach the 50-day average support near $8,550 and extend losses toward $8,000 in the short term. Confirmation of the bear cross may mark an interim bottom in BTC, according to historical data. A high-volume move above a three-month descending trendline, currently at $9,200, is needed to revive the bullish view. Bitcoin risks falling below key support near $8,550, with a widely followed bitcoin price indicator teasing its first bearish turn in over a year. The top cryptocurrency by market value is currently trading at $
UPS Ships Beef to Japan, Tracked and Monitored Using Blockchain Tech

UPS Ships Beef to Japan, Tracked and Monitored Using Blockchain Tech

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Please share if you find this article interesting. UPS Ships Beef to Japan, Tracked and Monitored Using Blockchain Tech UPS has delivered a bunch of blockchain steaks to Japan. The global shipping giant announced on Monday that, in partnership with blockchain livestock tracing firm HerdX, it had tracked, monitored and delivered a full shipment of beef from Kansas to a Tokyo steakhouse. UPS, which built a data visibility tool that integrates with HerdX’s blockchain platform to provide constant updates, hailed the shipment as a step forward in international logistics and tracking. The beef – black angus steak packaged by the Japanese-owned Creekstone Farms – began its journey in Arkansas City, Kansas, where it was loaded into UPS temperature-controlled packaging for its trip across
Bitcoin Price Faces Drop to $8.5K After Consecutive Weekly Losses

Bitcoin Price Faces Drop to $8.5K After Consecutive Weekly Losses

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Please share if you find this article interesting. Bitcoin Price Faces Drop to $8.5K After Consecutive Weekly Losses View Bitcoin’s consecutive weekly losses and multiple failures at key resistance have shifted risk in favor of a drop to around $8,550 and perhaps as low as $8,000. Daily chart indicators have turned bearish for the first time in over a month, supporting the case for a deeper decline. A high-volume move above $9,335 (descending trendline from 2019 high) is needed to revive the bullish view. Bitcoin is looking south after back-to-back weekly losses and multiple rejections at key price resistance. The top cryptocurrency by market value fell 2.6 percent and 3 percent in the weeks ended Nov. 3 and 10, respectively. Importantly, BTC has also failed for three straight we
Bitcoin’s Weekly Chart May See Golden Cross for First Time in 3.5 Years

Bitcoin’s Weekly Chart May See Golden Cross for First Time in 3.5 Years

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin’s Weekly Chart May See Golden Cross for First Time in 3.5 Years View Bitcoin’s short-term 50-period moving average is edging closer toward the longer-term 100-period moving average on the weekly chart, hinting at a potential bullish “golden cross” formation for the first time in 3.5 years. In the shorter term, however, total weekly volume has fallen period-to-period as indecision continues to grip the market. Price action is caught between the 100-day and 200-day moving averages (MAs). The next major move either way is likely to determine trend bias going forward, if a firm close above or below those averages is confirmed. Bitcoin (BTC) looks on track to produce a bullish long-term signal not seen in 3.5 years. The 50-per
Stellar’s Plan to Win Global Payments: Play Nice With the Finance Cops

Stellar’s Plan to Win Global Payments: Play Nice With the Finance Cops

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Stellar’s Plan to Win Global Payments: Play Nice With the Finance Cops MEXICO CITY – There’s a mobile app approved by the Mexican government that lets 20,000 migrant workers in the U.S. pay bills back home over the Stellar network. That’s according to Marco Montes Neri, the creator of the Saldo app, which relies on peso-backed stablecoins. “Stellar has created a set of protocols and a set of standards to handle all these regulatory obligations,” he said, adding: “If you want to touch real people’s money, you really need to play ball with regulators.” This theme came up again and again at the Stellar Meridian conference this week in Mexico City, with roughly 350 people, most of whom were building on Stellar, in attendance. Embra