Trading news-Page 4
What is the Bitcoin Loophole, and how does it work?
Bitcoin Loophole facilitates Bitcoin (BTC) trading through automated crypto trading software. It uses trading bots to help users make financially sound decisions in the crypto markets to make large chunks of profits. Cryptocurrency trading has gone mainstream, with traders making large sums of money in the market. Bitcoin Loophole takes this experience one step further. Over the past decade, what started as a peer-to-peer electronic cash system on blockchain technology has evolved into a pioneering idea for digital assets. Cryptocurrencies have garnered widespread adoption as millions have started to trade to make profits on a day-to-day basis. However, financial markets …
Decentralization / Jan. 24, 2023
Token dump following Binance listing raises insider trading suspicions
Insider trading has become a burning topic in the crypto ecosystem, especially in light of the recent conviction of an ex-Coinbase manager’s brother. The insider trading charges were believed to be the first involving cryptocurrency, and now another set of wallet addresses with transaction history linked to Binance listings has raised suspicion. Conor Grogan, director of Coinbase, took to Twitter to flag the transaction activity of a few anonymous wallets over the past 18 months. The anonymous wallets allegedly bought multiple unlisted tokens minutes before their listing announcement on Binance and dumped them right after the announcement. The first such …
Blockchain / Jan. 23, 2023
Crypto becomes second most widely-owned asset class for women: eToro survey
While traditional asset classes fail to foster broader adoption among women, crypto seems to have found success in bringing women on board, according to a recent survey. Data sent to Cointelegraph by the eToro team highlighted that crypto is now the second most widely-owned asset class for women second only to cash. This comes from the results of eToro’s latest Retail Investor Beat, which surveyed around 10,000 global retail investors in 13 countries. According to the survey results, there is a significant rise in crypto ownership among women. Data shows that ownership increased from 29% in the third quarter of …
Adoption / Jan. 20, 2023
Bots are critical a critical tool for retail investors
The thing about the future, where robotic super traders battle over micromovements in stock price, is that it’s already here. With access to algorithmic trading bots a click away, we could be seeing the fall of human investors and the triumph of artificial intelligence. Algorithmic trading bots are programmed to buy and sell when they detect preprogrammed conditions and can execute pretty much any trading strategy. They have been used by professional traders for two decades, and these firms have taken them into the crypto markets too. Now, a new crop of accessible crypto trading tools has hit the market, …
Technology / Jan. 19, 2023
Bitcoin crowd sentiment hit multi-month high as BTC price touches $21K
Bitcoin (BTC) price climbed to a four-month high above $21,000 in the third week of January, relishing trader’s hope. The market has seen the most substantial investor optimism since July due to the January BTC price rebound. According to data shared by crypto analytic firm Santiment, the trading crowd sentiment has touched its highest in six months and second highest bullish sentiment in the past 14 months. The data indicates that traders are treating Bitcoin's price rebound as a signal of a possible bigger breakout in the near future. The term "crowd/investor sentiment" describes how investors generally feel about a …
Bitcoin / Jan. 19, 2023
What are perpetual futures contracts in cryptocurrency?
Perpetual futures vs. traditional futures One of the main features of perpetual futures contracts is that they never expire compared to traditional futures contracts. In traditional futures contracts, a tangible commodity, such as gold, must be delivered in accordance with the contract’s terms and conditions when the futures contract expires. As a result, the gold must be handled physically, adding to the carrying costs — i.e., the cost of storing gold. The time period between the present period and the prospective settlement time of the contract will also affect the gold’s price. As the gap increases, the potential future price …
Blockchain / Jan. 18, 2023
Bitcoin price strength intensifies as risk-loving traders bring volume back to the crypto market
The beginning of 2023 has provided Bitcoin (BTC) with bullish indicators and the rally to a year-to-date high at $21,647 has crypto traders hopeful that the worst part of the bear market has ended. The surge effect of BTC’s bullish price action is also carrying over to Ether (ETH) and Bitcoin mining stocks. The reduction in Bitcoin Fear and Greed index to neutral is possibly driven by volume increases, Bitcoin on-chain data and BTC price decoupling from equities markets. While not all analysts believe a market bottom is in, let’s dive into the data. Trading volume and volatility return Bitcoin’s …
Bitcoin / Jan. 17, 2023
Scaramucci to invest in crypto firm founded by former FTX US boss
SkyBridge Capital founder Anthony Scaramucci is investing in a crypto company founded by the former president of FTX US. According to an email to Bloomberg, Scaramucci said he would be investing his own personal funds to support ex-FTX US president Brett Harrison’s new venture, which became known just three weeks after the collapse of crypto exchange FTX. It is understood that the crypto software company — which doesn’t yet have a name — will enable crypto traders to create algorithmic-based strategies to access different markets — both centralized and decentralized. It is also understood that Harrison has been seeking a …
Adoption / Jan. 16, 2023
Alameda Research liquidators lost $72,000 during a fund consolidation attempt
The liquidators of Alameda Research continue to encounter obstacles in their efforts to recover funds for creditors. Crypto analytics firm Arkham disclosed in a thread on Twitter that Alameda Research liquidators lost $72,000 worth of digital assets on the decentralized finance (DeFi) lending platform Aave while trying to consolidate funds into a single multi-sig wallet. Liquidators were attempting to close a borrow position on Aave, but instead removed extra collateral used for the position, putting the assets at risk of liquidation. Arkham reported that over nine days, the loan was liquidated twice for a total of 4.05 WBTC, which creditors …
Blockchain / Jan. 13, 2023
Crypto derivatives boom during crypto winter — Q&A with Eightcap
This year saw the crypto market rocked by numerous crises while the bearish climate was a constant presence. Considering this, many traders have lost confidence in traditional CEX trading and are looking to diversify their strategies. Turning to alternative trading patterns and products is a way to minimize risk and reduce losses. Cointelegraph’s interview with Eightcap contains more about derivatives trading in the crypto space. Q: FTX has become one of the biggest crypto disasters lately. What could have been done to avoid that? The collapse of FTX has taught investors and crypto providers major lessons about security, transparency and …
Blockchain / Jan. 12, 2023
Navigating the crypto crash can be challenging, but there are tools to help you in 2023
The crypto space is notorious for its significant swings and ups and downs. Yet the 2022 crash seems harsher and more unpredictable than previous bear markets. Still, there are ways for investors to safeguard their crypto assets and protect them despite the turbulent times. Regardless of the somewhat hostile environment, crypto adoption is still rising, signaling that the bear times will end. According to recent research, about 20% of people in America who have never owned crypto plan to invest by the end of the year. But why is the space crashing when interest is on the rise? Why was …
Blockchain / Jan. 11, 2023
NFT index grades the trading performance of collectors’ wallets
As trading becomes increasingly difficult during the bear market, a nonfungible token (NFT) platform aims to lighten the load on traders and help them get a closer look at the strategies of successful collectors. In an announcement sent to Cointelegraph, NFT platform Upshot said that it launched Upshot GMI, a tool that scores and classifies wallets based on their NFT trading performance. Taking inspiration from the crypto slang WAGMI, GMI stands for “gonna make it,” as it analyzes which wallets are, in essence, going to make it based on data available on the blockchain. According to Upshot CEO Nick Emmons, …
Nft / Jan. 11, 2023