Institutional

Crypto Traders Allegedly Involved in a $35m Ponzi Scheme

Source Node: https://cointelegraph.com/news/ecrypto-traders-allegedly-involved-in-a-35m-ponzi-scheme
Time Stamp: April 3, 2020 1:02 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Three alleged cryptocurrency traders ran a Ponzi scheme which scammed more than 100 investors for over $35 million, according to a lawsuit filed by an entity formed by the victims in a federal court of Florida, United States.According to an announcement published on April 2, Q3 Investment Recovery Vehicle, who represents defrauded investors, accused the trio of alleged crypto traders of cheating victims by promising them a winning trading formula. Former NYSE and Wells Fargo workers among the accused The federal securities fraud case names three individuals as the primary perpetrators of

Binance Set To Launch Bitcoin Options Amid Many Other Developments

Source Node: https://insidebitcoins.com/news/binance-set-to-launch-bitcoin-options-amid-many-other-developments/256363
Time Stamp: April 3, 2020 8:26 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

There are a few certainties when it comes to reporting within the crypto industry. Binance extending its offerings is one such thing, even amid a global pandemic. It doesn’t happen every day, it might not also occur every week, but Binance will always expand, it seems. The company has established itself as a heavyweight in the industry and doesn’t seem to be keen on letting that title go.Incorporating Options To Its ArsenalAs a testament to this, Binance has announced yet another new development to its service offering, adding Options trading

Bithumb Global Launches Margin Trading for Bitcoin and Ether Pairs with Tether

Source Node: https://cointelegraph.com/news/bithumb-global-launches-margin-trading-for-bitcoin-and-ether-pairs-with-tether
Time Stamp: April 3, 2020 8:20 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Bithumb Global, the international platform of South Korea’s top crypto exchange, has rolled out margin trading with 5x leverage for Bitcoin (BTC) and Ether (ETH) trading pairs with Tether (USDT).In an announcement published on April 2, the exchange revealed the service would be available on its website and app. It will, however, be restricted for traders living in jurisdictions where margin trading is prohibited or capped — as, for example, with Japan.  Leveraged trading gains traction in the industryMargin trading enables traders to use borrowed funds in order to increase their

Crypto Friendly Laws Help Boerse Stuttgart’s App Top 100,000 Users

Source Node: https://cointelegraph.com/news/crypto-friendly-laws-help-boerse-stuttgarts-app-top-100-000-users
Time Stamp: April 2, 2020 10:27 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

The cryptocurrency trading app of Germany’s second-largest stock exchange, Boerse Stuttgart, exceeded 100,000 users on March 30 amid increasingly permissive regulations in the country.The Bison app, which launched on Jan. 31st, 2019, has attracted a six-figure user base in just 14 months.Bison users grow 40% during Q1 2020Ulli Spankowski, the chief executive of Boerse Stuttgart Digital Ventures subsidiary and developer of the Bison app, Sowa Lab GmbH, notes that the milestone has been reached amid a 40% growth in users since the start of 2020. Boerse Stuttgart’s app supports Bitcoin (BTC),

Bitcoin Price Soars 15% to $7.2K But Breaking $8K Won’t Be Easy

Source Node: https://cointelegraph.com/news/bitcoin-price-soars-15-to-72k-but-breaking-8k-wont-be-easy
Time Stamp: April 2, 2020 1:43 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

Bitcoin (BTC) is trading at $7,106 representing an impressive 14.7% gain in the last 24 hours and 6.8% for today. Other global markets are also up off the back of President Trump’s comments around the likelihood that crude oil production will be cut back, which is one of the triggers which caused Bitcoin to slide from $9K to $8K in early March.Looking at performance relative to its peers, Ether (ETH) and XRP both continue to underperform versus Bitcoin as was the case last week. Bitcoin dominance remains at 66%. Cryptocurrency market

Price Analysis April 1: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Source Node: https://cointelegraph.com/news/price-analysis-april-1-btc-eth-xrp-bch-bsv-ltc-eos-bnb-xtz-leo
Time Stamp: April 1, 2020 3:00 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

The Dow Jones Industrial Average had its worst first quarter on record. Compared to that, Bitcoin only fell about 10% over the same period, which shows clear outperformance. The resilience of Bitcoin (BTC) in the current crisis shows that it has arrived on the big scene and that it can weather a storm better than some of the traditional asset classes. This is likely to attract several institutional players to Bitcoin.Now, what can we hope for during the second quarter? Bitcoin has a very important halving event coming up next

Tether CTO Praises Company’s Own Coin, Takes A Shot At Others

Source Node: https://insidebitcoins.com/news/tether-cto-praises-companys-own-coin-takes-a-shot-at-others/255950
Time Stamp: April 1, 2020 7:23 AM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

Earlier this month, at the CryptoCompare Digital Asset Summit that was held in London, the CTO of Tether, Paolo Ardoino, gave a public statement about the future of DeFi. According to Arduino, the DeFi industry as a whole is facing a risk to its entire system, due to the fact that it only leverages the value from the cryptocurrency industry.Low-Brow TacticsIn a move that sounds suspiciously like an attempt to slander one of Tether’s rival stablecoins, the Dai, he talked about the volatility of the crypto industry as a whole.

How to Trade Bitcoin Using Leverage and Not Worry About Liquidation

Source Node: https://cointelegraph.com/news/how-to-trade-bitcoin-using-leverage-and-not-worry-about-liquidation
Time Stamp: April 1, 2020 2:41 AM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

Institutional traders have long known the benefits of derivatives trading, including leverage and hedging. By trading options markets, one can predetermine maximum gains and losses, even with volatile assets like Bitcoin (BTC). Despite being far more complex, such instruments allow traders to generate gains independent of what happens over the next weeks or even months, which is essential for traders’ peace of mind to achieve optimal performance.Retail traders have only recently begun using derivatives, although they have focused almost exclusively on futures contracts offered by BitMEX, OKEx, Binance and so many

Strict Japanese Crypto Laws Discourage Foreign Exchanges … For Now

Source Node: https://cointelegraph.com/news/strict-japanese-crypto-laws-discourage-foreign-exchanges-for-now
Time Stamp: April 1, 2020 12:25 AM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

[vc_row disable_element="yes"][vc_column][vc_column_text] A new report has found strict regulations are discouraging overseas exchanges from opening in Japan, but would likely benefit new players in the long term. Double jump.tokyo, the game developer behind My Crypto Heroes, commissioned a research team at So & Sato Law Offices to carry out a comprehensive report on digital assets in Japan. Released on March 31, the report covers all aspects of digital assets in the Asian nation, from tokenized securities to crypto derivatives. Entering the crypto market under strict regulations Joerg Schmidt and So