JVCEA plans to limit margin trading
The Japan Virtual Currency Exchange Association (JVCEA) plans to impose a limit on how much investors can borrow when marging trading on member exchanges.
Margin trading is the practice of borrowing money from a broker, so that investors can buy and later sell more crypto assets that they can afford. The use of this instrument can yield substantial profits but margin trading is rather risky in volatile cryptocurrency market.
Jiji Press reported on July 24 that the JVCEA plans to place the restriction of borrowing up to 4 times investor’s deposit to protect domestic investors.
JVCEA was formed by Japanese crypto exchanges in response to Coinheck’s hack earlier this year and aims to create self-regulatory environment to prevent regulators from getting involved.
The Japan Virtual Currency Exchange Association (JVCEA) plans to impose a limit on how much investors can borrow when marging trading on member exchanges.
Margin trading is the practice of borrowing money from a broker, so that investors can buy and later sell more crypto assets that they can afford. The use of this instrument can yield substantial profits but margin trading is rather risky in volatile cryptocurrency market.
Jiji Press reported on July 24 that the JVCEA plans to place the restriction of borrowing up to 4 times investor’s deposit to protect domestic investors.
JVCEA was formed by Japanese crypto exchanges in response to Coinheck’s hack earlier this year and aims to create self-regulatory environment to prevent regulators from getting involved.
Current Market Snapshot
A total of 1679 cryptocurrencies and tokens are listed on Coinmarketcap with Total Market Capitalization exceeding $300 Billion.
Top 3 gainers over the past 24h are SophiaTX (66.41%), Refereum (50.30%), MinexCoin (40,31%).
Top 3 losers are Engagement token (-34.46%), Sp8de (-32.49%), Maecenas (-31.11%).
A total of 1679 cryptocurrencies and tokens are listed on Coinmarketcap with Total Market Capitalization exceeding $300 Billion.
Top 3 gainers over the past 24h are SophiaTX (66.41%), Refereum (50.30%), MinexCoin (40,31%).
Top 3 losers are Engagement token (-34.46%), Sp8de (-32.49%), Maecenas (-31.11%).
What do the terms “bearish” and “bullish“ markets mean?
The terms came from traditional financial markets and are frequently used among crypto traders.
Investors refer to a bullish market when a market is experiencing a significant uptrend and is gaining value. They feel confident anf optimistic and are eager to buy crypto assets. During bullish market you will observe increased demand with dwindling supply. The term "bullish" comes from the similarity of bull striking upwards with its horns with rising pattern on price charts.
On the contrary, bearish market is a state when a market experiences significant losses. Traders hold pessimistic views and sell their assets off. Asset supply is high, whereas demand is low. The term "bear" comes from the resembles of bear striking downward with its paws with the falling trend represented graphically.
The terms came from traditional financial markets and are frequently used among crypto traders.
Investors refer to a bullish market when a market is experiencing a significant uptrend and is gaining value. They feel confident anf optimistic and are eager to buy crypto assets. During bullish market you will observe increased demand with dwindling supply. The term "bullish" comes from the similarity of bull striking upwards with its horns with rising pattern on price charts.
On the contrary, bearish market is a state when a market experiences significant losses. Traders hold pessimistic views and sell their assets off. Asset supply is high, whereas demand is low. The term "bear" comes from the resembles of bear striking downward with its paws with the falling trend represented graphically.
Bloomberg: A closed-door event was held by Nasdaq Inc. to discuss cryptocurrency policy.
Representatives from about half a dozen companies gathered together in Chicago earlier this week. Among the parties present were traditional exchanges as well as Gemini and other crypto markets. The meeting was held to help the industry establish a path for improving its image and validate its potential role in the world’s economy. The Nasdaq event tackled the topic of cryptocurrency market regulation, it’s implication and the tools needed.
Representatives from about half a dozen companies gathered together in Chicago earlier this week. Among the parties present were traditional exchanges as well as Gemini and other crypto markets. The meeting was held to help the industry establish a path for improving its image and validate its potential role in the world’s economy. The Nasdaq event tackled the topic of cryptocurrency market regulation, it’s implication and the tools needed.
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Are you a storing your BTC properly?
Cold wallets are considered the most secure ones for cryptocurrency holders. Here is some information about different types of cold storage for bitcoin.
📍Paper wallet represents a piece of paper with printed public and private keys to send and receive BTC. Since the keys are stored offline, this wallet type is immune to hacker attacks. It’s recommended to disconnect from the internet when generating the keys.
📍Hardware wallet is used to store offline user’s private key in a hardware device, that usually reminds a simple USB-stick. The keys cannot be transferred out of the device in plaintext. Some of the popular wallets are Ledger Nano S and Trezor.
📍Physical Bitcoin has an appearance of an actual coin and has a certain amount of BTC pre-loaded. The value of a physical version of the most popular cryptocurrency cannot be spent as long as the private key remains hidden.
Cold wallets are considered the most secure ones for cryptocurrency holders. Here is some information about different types of cold storage for bitcoin.
📍Paper wallet represents a piece of paper with printed public and private keys to send and receive BTC. Since the keys are stored offline, this wallet type is immune to hacker attacks. It’s recommended to disconnect from the internet when generating the keys.
📍Hardware wallet is used to store offline user’s private key in a hardware device, that usually reminds a simple USB-stick. The keys cannot be transferred out of the device in plaintext. Some of the popular wallets are Ledger Nano S and Trezor.
📍Physical Bitcoin has an appearance of an actual coin and has a certain amount of BTC pre-loaded. The value of a physical version of the most popular cryptocurrency cannot be spent as long as the private key remains hidden.
eToro’s Mati Greenspan: CBOE’s VanEck Bitcoin ETF has a chance to be the first to get SEC’s approval
According to eToro Senior Analyst Mati Greenspan, VanEck Bitcoin ETF is created to suit the needs of institutional investors. With the support of a trusted counterparty and regulated exchange the insured VanEck’s ETF may hold up to SEC’s scrutiny.
Previously, SEC rejected Bitcoin ETF proposal by the Winklevoss twins.
According to eToro Senior Analyst Mati Greenspan, VanEck Bitcoin ETF is created to suit the needs of institutional investors. With the support of a trusted counterparty and regulated exchange the insured VanEck’s ETF may hold up to SEC’s scrutiny.
Previously, SEC rejected Bitcoin ETF proposal by the Winklevoss twins.
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We are developing a product that will make a difference in cryptocurrency trading. Our highest priorities are platform’s security and perfomance.
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📍Professional trading instruments
📍100+ cryptocurrencies
📍High-speed transfers
📍Crypto-fiat trading pairs
📍Customizable user interface
📍Track your portfolio perfomance
📍Secure wallets
📍Multilevel referral program
We are developing a product that will make a difference in cryptocurrency trading. Our highest priorities are platform’s security and perfomance.
Be the first one to try out. Subscribe now at welcome.nominex.io to be the fist one to test. More news are coming soon, stay tuned!
What is a Candlestick?
Candlestick’s Anatomy
A candlestick is a chart used to show the highest price, lowest price, opening price and closing price of a cryptocurrency. The time period may vary from 1 minute to 1 week or even more. Candlesticks is essential part of different trading charts.
The colored part of the candlestick is called the “body” and demonstrates whether the closing price was higher or lower than the opening price. If the candlestick is red the cryptocurrency’s closing price is lower than its opening price. Green candlesticks indicate that the cryptocurrency closed at a higher price than it opened. The lines around the body are called upper and lower shadow. They reflect the highest and the lowest price of the day.
Wanna learn about candlestick types and how to identify trends by looking at them? Subscribe at Nominex Telegram channel! #cryptotrading101
Candlestick’s Anatomy
A candlestick is a chart used to show the highest price, lowest price, opening price and closing price of a cryptocurrency. The time period may vary from 1 minute to 1 week or even more. Candlesticks is essential part of different trading charts.
The colored part of the candlestick is called the “body” and demonstrates whether the closing price was higher or lower than the opening price. If the candlestick is red the cryptocurrency’s closing price is lower than its opening price. Green candlesticks indicate that the cryptocurrency closed at a higher price than it opened. The lines around the body are called upper and lower shadow. They reflect the highest and the lowest price of the day.
Wanna learn about candlestick types and how to identify trends by looking at them? Subscribe at Nominex Telegram channel! #cryptotrading101
Thomson Reuters’ Terminal Eikon will track 50 Crypto Assets
One of the most influential financial information company Thomson Reuters has partnered with cryptocurrency tracking resource CryptoCompare. Reuters’ financial desktop platform Eikon, aimed at institutional investors, will now provide trade data on 50 cryptocurrencies.
In press release by Thomson Reuters, the company stated that in spite of price decline of top cryptocurrencies in 2018, their customers demonstrate increasing demand for pricing coverage of the major coins. CryptoCompare CEO Charles Hayter commented in the press release that the interest from institutional investors in global and real-time cryptomarket data is rising as the market matures.
The trade data will be provided by several trusted exchanges. The start date is unknown.
One of the most influential financial information company Thomson Reuters has partnered with cryptocurrency tracking resource CryptoCompare. Reuters’ financial desktop platform Eikon, aimed at institutional investors, will now provide trade data on 50 cryptocurrencies.
In press release by Thomson Reuters, the company stated that in spite of price decline of top cryptocurrencies in 2018, their customers demonstrate increasing demand for pricing coverage of the major coins. CryptoCompare CEO Charles Hayter commented in the press release that the interest from institutional investors in global and real-time cryptomarket data is rising as the market matures.
The trade data will be provided by several trusted exchanges. The start date is unknown.
Market snapshot
Bitcoin lost over 7% of its value in 2 days and is currently trading at $7,600 level. Capitalization of cryptocurrency market dropped to $272 billion.
Despite the whole market being in the red some projects are still making significant gains.
Top 3 gainers in 7d are WeToken (182.03%), Fox Trading (135.06%) and Peerguess (94.22%)
Top 3 losers are FoldingCoin (-58.98%), adToken (-54.43%) and CarBlock (-53.92%).
Bitcoin lost over 7% of its value in 2 days and is currently trading at $7,600 level. Capitalization of cryptocurrency market dropped to $272 billion.
Despite the whole market being in the red some projects are still making significant gains.
Top 3 gainers in 7d are WeToken (182.03%), Fox Trading (135.06%) and Peerguess (94.22%)
Top 3 losers are FoldingCoin (-58.98%), adToken (-54.43%) and CarBlock (-53.92%).
Coinmarketcap announces new professional API
The professional API will allow developers and institutional funds to use aggregated data from Coinmarketcap in product offerings. Through the professional API the following data will be available: price, market capitalization, conversions, and trading pair data from hundreds of exchanges.
The tool was launched after beta testing with hundreds of users and a month of feedback. Professional API will be of high utility to projects and investors that need to run more accurate simulations and backtest trading strategies. The service starts from $79 fo hobbyists and goes up to $699 a month
The professional API will allow developers and institutional funds to use aggregated data from Coinmarketcap in product offerings. Through the professional API the following data will be available: price, market capitalization, conversions, and trading pair data from hundreds of exchanges.
The tool was launched after beta testing with hundreds of users and a month of feedback. Professional API will be of high utility to projects and investors that need to run more accurate simulations and backtest trading strategies. The service starts from $79 fo hobbyists and goes up to $699 a month
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Goldman Sachs plans to offer crypto custody for funds
According to Insider source, Goldman Sachs is considering to offer custody for crypto funds. The institution would hold crypto assets belonging to funds to reduce the risks of different kind of attacks and protect investors.
Unofficial sources say that at least three Wall Street companies are exploring crypto custody services. Earlier in May, Goldman Sachs suggested it would trade bitcoin futures.
If a reliable company like Goldman Sachs launches crypto custody services, it can help crypto assets gain trust and attract new investors into cryptocurrencies.
According to Insider source, Goldman Sachs is considering to offer custody for crypto funds. The institution would hold crypto assets belonging to funds to reduce the risks of different kind of attacks and protect investors.
Unofficial sources say that at least three Wall Street companies are exploring crypto custody services. Earlier in May, Goldman Sachs suggested it would trade bitcoin futures.
If a reliable company like Goldman Sachs launches crypto custody services, it can help crypto assets gain trust and attract new investors into cryptocurrencies.
WSJ: Coordinated crypto ‘Trading Groups’ gained $825 Million in 2018 through market manipulations.
Wall Street Journal study reports that trading groups in social services such as Telegram are to blame for the substantial part of cryptocurrency price manipulations. The WSJ claims that ‘Pump and Dump’ schemes, coordinated in private group chats, generated revenues of $825 million in the first six months alone.
Pump and Dump is a scheme that artificially inflates an asset’s price and then the participants of the scheme sell the coin off at higher prices. People usually agree to buy a certain coin at the same time which results in pumping the price straight up. Dumping begins when the individuals sell off the asset with a huge profit.
Wall Street Journal study reports that trading groups in social services such as Telegram are to blame for the substantial part of cryptocurrency price manipulations. The WSJ claims that ‘Pump and Dump’ schemes, coordinated in private group chats, generated revenues of $825 million in the first six months alone.
Pump and Dump is a scheme that artificially inflates an asset’s price and then the participants of the scheme sell the coin off at higher prices. People usually agree to buy a certain coin at the same time which results in pumping the price straight up. Dumping begins when the individuals sell off the asset with a huge profit.