Bitcoin is an asset unlike any other. Not only are prices impacted by normal market participants buying and selling, but miners powering the underlining network with massive BTC reserves can also have an even greater effect. Several large miners were seen moving “unusually large” sums of BTC overnight, just ahead of the massive market collapse.…
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Singapore Exchange Ltd (SGX) has announced plans to launch two new cryptocurrency indices. The iEdge Bitcoin Index, and the iEdge Ethereum Index, will bring certified price referencing to the Asia region. Head of Index Services at SGX, Simon Karaban said the lack of transparency in the cryptocurrency space has left a huge gap in the…
DetailsUniversal Market Access (UMA), an open-source, permissionless, and censorship-resistant protocol for financial innovation has achieved a milestone by getting listed on a major exchange. UMA token went live on leading global crypto spot and derivatives exchange OKEx on August 31, 2020. According to an announcement by OKEx, UMA is now available for spot trading against…
DetailsThe first ever World Series of Trading (WSOT) has concluded, with winners taking home a staggering $1.27 million worth of prizes. The space-themed event, hosted by derivatives exchange Bybit, involved 12,368 traders from 135 teams. The Singapore exchange intends to host the competition twice a year going forward. Featuring a prize pool of over 100…
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Bitcoin price just two days ago was trading above $12,000, but a failure to hold above the key resistance level has sent the cryptocurrency tumbling. Moments ago, the crypto asset fell below $11,000 for the first time in over a month. Can bulls hold this important support, or is this just a pit stop on…
DetailsBitcoin, Ethereum, XRP and Tezos all saw month on month trading increases Investors flocked into EOS and TRON to capture late altcoin rally Trading activity up in all coins in August except Cardano’s ADA New data from global investment platform eToro reveals that in August retail investors returned to large-cap altcoins such as Ethereum and…
DetailsThe number of online trading platforms is constantly on the rise as more and more people continue to take up trading as a profession as well as a hobby. While these platforms differ from each other with respect to certain features or offerings, most of them have one thing in common – they are either…
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Bitcoin took a strong dive during Wednesday’s trading session. The asset fell from the $12,075 highs of the day prior to a local low around $11,200, marking a 7% correction. The leading cryptocurrency remains near the lows as buyers have yet to step in en-masse. There seems to be some uncertainty about the medium-term future…
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Ethereum started a sharp decline after it failed to stay above the $450 support against the US Dollar. ETH price is likely to bounce back as long as it is above the $406 support zone. Ethereum is down over 10% and it broke the $460 and $450 support levels. The price even traded close to…
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Tron price is up over 5%, while bitcoin is down over 5% against the US Dollar. TRX is currently testing a crucial resistance near $0.0385 and it could correct lower in the short-term. Tron price is trading in a positive zone well above the $0.0320 pivot level against the US dollar. The price traded to…
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