Crypto Trading: Please Hold My Hand

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Crypto Trading: Please Hold My Hand
There are a few factors that currently stunt the crypto market and recognizing these problems, a new platform called FUMGO presents as a perfect solution to lead new and inexperienced traders to crypto trading expertise.
Crypto Trading: Please Hold My Hand

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Source: CoinSpeaker

Coinbase Deposits in the U.K. Now Takes 10 Days with Minimum Deposit £1000

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Coinbase Deposits in the U.K. Now Takes 10 Days with Minimum Deposit £1000
Recent reports show that Coinbase has changed the minimum deposit for U.K. customers. Now the minimum deposit is £1000 staff has confirmed in private e-mails on July 16.
Coinbase Deposits in the U.K. Now Takes 10 Days with Minimum Deposit £1000

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Source: CoinSpeaker

Long-Standing Coinbase’ Rival CEX.io Opens New Office in the U.S.

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Long-Standing Coinbase’ Rival CEX.io Opens New Office in the U.S.
CEX.IO has announced the opening of its entity in the U.S. which can be a serious reason for Coinbase to worry about.
Long-Standing Coinbase’ Rival CEX.io Opens New Office in the U.S.

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Source: CoinSpeaker

eToro Trader: How to Build Your Trading Strategy

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eToro Trader: How to Build Your Trading Strategy
Liam Davies, eToro full-time trader and Popular Investor, shares his experience and recommendations on how to succeed in trading.
eToro Trader: How to Build Your Trading Strategy

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Source: CoinSpeaker

Trading is Out, Bundling is In

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Trading is Out, Bundling is In
Bundling lets you purchase a single asset with multiple positions incorporated into it. This not only helps to diversify risks, but also allows to benefit from the overall value of all the assets contained. Want to try? You just need to find the right platform.
Trading is Out, Bundling is In

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Source: CoinSpeaker

5 Sectors Disrupted by Blockchain that Are Not Cryptocurrency

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5 Sectors Disrupted by Blockchain that Are Not Cryptocurrency

Discover what cryptocurrency is, how the blockchain affects industries and learn a few things about cryptocurrency trading in this guest post by Chris Brett, crypto enthusiast and experienced web developer.

5 Sectors Disrupted by Blockchain that Are Not Cryptocurrency

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Source: CoinSpeaker

Five Reasons to Use and not to Use Cryptocurrency

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Five Reasons to Use and not to Use Cryptocurrency

Sara Williams, journalist and crypto enthusiast, shares her insights into cryptocurrency trading explaining main advantages and disadvantages users may face during the process.

Five Reasons to Use and not to Use Cryptocurrency

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Source: CoinSpeaker

Leaxcoin Connects Real Estate to the Blockchain and it is Now Available to Trade

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Leaxcoin Connects Real Estate to the Blockchain and it is Now Available to Trade

The cryptocurrency that is bringing a revolution in real estate negotiations can now be traded on some of the biggest exchanges.

Leaxcoin Connects Real Estate to the Blockchain and it is Now Available to Trade

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Source: CoinSpeaker

Indian Government to Draft Cryptocurrency Regulation Next Month

The Indian government is reportedly getting ready with draft regulations on cryptocurrencies next month.
The finance ministry set up a panel in November 2017 for the purpose of preparing a regulatory framework on the issue, but the central bank has created a hostile environment for digital currency trading platforms in 2018.
After a multitude of petitions filed by operators against the Reserve Bank of India’s (RBI’s) anti-crypto circular, the Supreme Court of India has ordered Narendra Modi’s government to clarify its policy in November.
India to Clarify Policy on Cryptocurrency Trading in December
A counter-affidavit produced by the Indian government and filed in the supreme court on November 19 says the finance ministry is about to draft cryptocurrency regulations next month, according to news website Quartz.
“…currently, serious efforts are going on for preparation of the draft report and the draft bill on virtual currencies, use of distributed ledger technology in (the) financial system and framework for digital currency in India. The draft report and bill will be circulated to members of IMC (inter-ministerial committee). Thereafter the next meeting of IMC will be held so that discussion can take place on the draft report and bill. It is expected that the draft report will be placed before the IMC by next month.”
The finance ministry panel is headed by Subhash Chandra Garg, a secretary in the department of economic affairs, and includes RBI deputy governor BP Kanungo and the chairman of India’s market regulator Ajay Tyagi.
The latter has said that virtual currency so far has not posed any systemic risk and is adept of distributed ledger technology. Kanungo, on the other hand, is a leading figure in the fight against cryptocurrency exchanges and is responsible for pushing many of them towards crypto-friendly countries such as Singapore.
“In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling VCs [virtual currencies.] Regulated entities which already provide such services shall exit the relationship within a specified time,” Kanungo said in July.
Subhash Chandra Garg, the head of the panel, took to Twitter in December 2017 to issue a statement with a somewhat unfriendly tone towards the cryptocurrency space as he likened trading in digital currencies to classical Ponzi schemes.
“Cryptocurrencies like Bitcoins are neither currency nor coin. Not legal tender in India at all. Trade in these currencies has assumed character of classical Ponzi schemes. Limited supply and uninformed demand makes every new investor assume higher risk. No underlying real value.”
A previous task force, which was set up in March 2017, recommended that consumers should stop trading cryptocurrencies and operators should be choked instead of banned. The document was attached to the government’s counter-affidavit submitted to court, but in a sealed envelope, according to Quartz, which indicates the intention of making its content unknown to the public.
Related Reading: Major Indian Crypto Exchange CEO Openly Asks Gov’t to Regulate Crypto
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New Zealand Invests in Crypto Trading Platform, CEO Says Bitcoin Will Be Worth $600,000

The government of New Zealand has backed a local crypto savings and trading platform with $330,000 to expand its reach.
Crypto Savings Firm Vimba Raises $330,000 from New Zealand Government
Vimba, formerly known as MyCryptoSaver, originally founded as MyBitcoinSaver in 2014, is focused on crypto savings with a service that allows users to put their money into Bitcoin in small weekly amounts. Through the government’s innovation arm, Callaghan Innovation, it is backing the Auckland-based startup.
Sam Blackmore, CEO of Vimba, said the government’s investment will be used to build crypto wallets and to expand the digital currency offering on the platform, Scoop reported.
“This is a truly significant investment from Callaghan Innovation and a real show of faith in the future of this very exciting asset class,” Blackmore said. “The money will go towards new key features for our expanding service. We will use it to build secure multi-signature crypto wallets for our users and we’re also looking into expanding the range of cryptocurrencies available to them — beyond Bitcoin and Ethereum.”
Vimba’s long-term approach to cryptocurrency investment has been a success and allowed the business to manage $6.5 million worth of Bitcoin of its 5,616 users. The founders’ belief that Bitcoin will ultimately be worth $600,000 discourages day trading and swing trading.
“Volatile periods are to be expected and have been happening from the genesis of Bitcoin. The long-term trendline has always been up and our outlook is long term. We believe Bitcoin will at least reach the market cap of gold as it is a more efficient, more accessible, more secure version of that rare asset. For it to reach the market cap of gold, one Bitcoin would be worth around $600,000 — more than 60 times what it’s worth today.”
Vimba’s customers share the same long-term view of cryptocurrency and distributed ledger technology, which explains the stability of its user base in times of bear markets. As Bitcoin trades at the $6,300 area in an increasingly boring market, Blackmore is confident the nascent technology will fuel bulls’ bids.
“Some people ask whether the crypto ship has already sailed and whether it’s too late to start investing, but when you take the long-term view, it’s clear this is still just the beginning.”
The New Zealand-based firm will launch its cryptocurrency savings platform in the United Kingdom in the coming weeks. Prior to Callaghan Innovation’s $330,000 investment today, Vimba had raised $400,000 in a seed round in 2017.
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