Ethereum (ETH) Trading Sideways While Bitcoin Trimming Gains

Ethereum price is currently struggling to climb above $178 and $180 against the US Dollar. Bitcoin price is declining and it seems like it failed to stay above $8,220 and $8,200. There is a short term bullish trend line forming with support near $172 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover to $180 as long as there is no close below the $170 support area. Ethereum price is showing a few bearish signs versus the US Dollar, while bitcoin is declining. ETH price…

Binance Announces Ruble Trading at Russian Gov’t-Sponsored Event

Binance, one of the largest global crypto exchanges, will soon add support of fiat trading, starting with the Russian ruble. Adding ruble support in “about two weeks” The news was publicly announced by Binance CEO Changpeng Zhao (CZ) at a Russian government-led event, the Open Innovations Forum in Moscow on Oct. 21. By adding Russia’s national cryptocurrency on its platform, Binance will allow users from Russia to buy cryptocurrencies directly using rubles, CZ explained. In a video posted on Twitter, CZ said: “In about two weeks or so, we should…

Binance CEO: Russian Ruble to Be First Fiat-Crypto Trading Option

Cryptocurrency exchange Binance is soon to launch its first fiat-to-cryptocurrency trading pairs. Speaking at the Open Innovations 2019 conference in Moscow on Monday, CEO Changpeng “CZ” Zhao confirmed that fiat options are on the way, kicking off with the Russian ruble: “We’re adding support for fiat trading. In about two weeks or so, we should have support for Russian ruble trading, direct.” Until now, the company’s primary service, binance.com, has only supported crypto-to-crypto trading. However, it has launched local fiat gateways in Uganda, Singapore, Jersey and, most recently, the U.S. Binance had said in September that fiat…

Huobi Lira Onramp to Enable Crypto Trading for Turkish Users

Singapore-based crypto exchange Huobi will launch a fiat gateway for the Turkish lira in late 2019. Huobi’s fiat onramp for lira will be the first fiat gateway launched by a global exchange, Huobi Global claimed during the opening event at the Eurasia Blockchain Summit on Oct. 18. During the inaugural event hosted by Huobi Global, the company also revealed more information about its expansion into Turkey. Specifically, Huobi unveiled the successful establishment of a local team, localized language option, mobile application, exclusive trading fees as well as a detailed strategy…

eToro Launches Twitter Sentiment Trading Portfolio

eToro, the Israeli-based brokerage firm, has launched a new portfolio that uses AI to analyze Twitter for the latest social media perceptions of digital assets. The tool, which is called TheTIE-LongOnly CopyPortfolio, is a collaboration between eToro and cryptocurrency analytics firm The TIE. According to The TIE, the platform’s “proprietary machine learning and language processing models ingest 850 million tweets per day, quantifying the positive and negative tone of conversations on Twitter.” The platform then leverages this data and allocates trades based “on positive sentiment, algorithmically rebalancing once per month.” The system is…

Mastering Emotions and Managing Risk in Cryptocurrency Trading

When it comes to trading, there are several steps you can take in order to reduce your exposure to the market extremes of price volatility. A combination of both technical and fundamental analysis can be used to determine the true worth of a company or asset, securing a greater chance of success with a particular investment while reducing your risk along the way. But for that, you need a plan. Mastering your emotions Developing a successful risk management plan is paramount in minimizing unexpected outcomes, translating into an overall reduction in…

Updated Bitfinex Mobile App Now Includes Derivatives Trading Support

Cryptocurrency exchange Bitfinex has announced the latest updates and optimizations to its mobile app. New version features support for derivatives trading  On Oct. 11, cryptocurrency trading platform Bitfinex presented the newest version of the Bitfinex mobile app, which includes derivatives trading support as well as in-app access to Bitfinex Reports 2.0. Version 3.19.3 of the Bitfinex mobile application features support for derivatives, including pairs, charts, order form with a leverage slider, order history and positions.  Users of the updated mobile app can now also gain access through an in-app browser…

Key Trading Indicator Suggests Bitcoin Bulls Are Steadily Accumulating

Bitcoin (BTC) closed the week with a selloff, pushing price below the $8k handle and printing a close down 2.5% for the week as a whole. Despite an ominous close to the bottom of the trading range, Bitcoin has rebounded higher this morning alongside other cryptocurrencies, with notable gainers XRP and Link breaking 10% gains for the day.  With that in mind and with Bitcoin sat at a crossroads, we will take a closer look at the key timeframes to try and determine if Bitcoin is nearing a bottom.   Daily…

10 Crypto Trading Mistakes That Will Leave You Broke

The crypto market has extremely low barriers to entry, meaning anyone with an internet connection, a smartphone or a computer and a bit of starting capital can theoretically become a trader. Sadly, most of these beginners learn hard lessons and go broke. Here are 10 common mistakes made by beginning traders that you should avoid at all costs.  1. Starting with real money rather than paper trading  There is no reason for a beginning trader to use real money when there are endless resources and platforms for paper trading, including…

Vanguard Group Tests Blockchain Platform for Trading Currencies

The Vanguard Group is testing a blockchain-powered platform that will allow asset managers to trade currencies while avoiding the big investment banks. On Oct. 3, Bloomberg reported that the United States-registered investment advisor group, Vanguard, is going after a piece of the global currency market that handles $6 trillion each day and is dominated by firms such as JPMorgan Chase and Deutsche Bank AG. A source familiar with the matter said that the newly tested blockchain platform has been operational for over two months while handling several trades already.  By…