Tag Archives: Markets News

Trading Legend Don Wilson: Asian Demand High for Bitcoin Futures

Don Wilson, founder of high-speed trading firm DRW, said bitcoin derivatives trading in Asia hours is almost equal to the volume he’s seen in the U.S., something he says is an anomaly when compared to other financial instruments. In a fireside chat at the CoinDesk Consensus Singapore 2018 conference with Quartz’s John Detrixhe, Wilson discussed his observations on… Read More »

XRP Price Bucks Bearish Market Mood to Hit 13-Day High

XRP is reporting double-digit gains today, despite a generally bearish mood across the wider crypto markets. The open-source token – which is developed largely by blockchain payments startup Ripple – was changing hands at $0.3251 at press time, having hit a 13-day high of $0.3241 at 14:00 UTC. The world’s third-largest cryptocurrency by market capitalization has appreciated by 17… Read More »

Bitcoin Price Outlook Worsens After Drop to Five-Day Lows

Bitcoin’s (BTC) drop to five-day lows on Monday has likely emboldened the bears, technical studies indicate. The leading cryptocurrency traded in a sideways manner over the weekend, neutralizing the immediate bullish outlook. However, the consolidation was expected to end with an upside break, as the short-term moving averages (MAs) turned bullish on Saturday, adding credence to positive relative… Read More »

Ether Just Erased Half of Last Week’s 35% Rally

The price of ether (ETH), the world’s second-largest cryptocurrency by market capitalization, sank nearly $30 today, effectively erasing half of the 35 percent rally recorded last week. At press time, ETH is trading across exchanges at an average price of $196 – down $28 and 11 percent on a 24-hour basis, according to CoinDesk’s Ether Price Index (EPI).… Read More »

Galaxy, BlockTower Lead $16 Million Funding for Crypto Project Caspian

Institutional traders simply need better crypto tools. That’s the driving idea behind a union between Kenetic Capital, a crypto hedge fund based in Singapore, and Tora, a trading systems firm that already supplies order execution, portfolio management, risk assessment and compliance services for well-established asset classes. Announced today, both companies are teaming up to create Caspian, a project that has raised… Read More »

$6,550: Bitcoin Charts Suggest New Target for Price Rally

The corrective rally in Bitcoin (BTC) could gather momentum if key resistance above $6,500 is crossed on the back of high volumes, according to technical charts. The leading cryptocurrency witnessed a symmetrical triangle breakout last week, opening doors for a stronger corrective rally towards $6,800–$7,000. However, despite the bullish setup, BTC faced rejection near $6,660 on Friday and… Read More »

Tezos Token Makes Gains in Approach to Official Launch

The price of XTZ, the native token of the Tezos crypto project, rose 30 percent over the weekend in anticipation of the network’s official launch Monday. At press time, XTZ is trading at $1.55, having clocked a 5.5-week high of $1.75 at 13:10 UTC on Saturday. At that point, XTZ was up 35 percent from Friday’s low of… Read More »

Proof of Use? Civil Believes This ICO Model Lets It Sell Anyone Tokens Legally

Civil, the blockchain startup looking to disrupt media, will be offering its crypto token to investors of all kinds – both accredited and unaccredited – next week. As a spoke of ConsenSys, the ethereum startup incubator and business all its own, that decision runs counter to most of the common wisdom about token sales these days. The much… Read More »

No Longer Beta: $200 Million Tezos Blockchain Will Be Official Mainnet Soon

The “experimental” phase for the Tezos blockchain is over. On Monday morning, the Tezos Foundation will officially announce that the protocol will no longer be in a beta period, and instead be a full mainnet, launched and run by its community. The designation is admittedly largely a semantic one. Tezos launched a mainnet, or live blockchain version of… Read More »

Ether Records Highest Daily Trading Volume in 12 Months

Ethereum’s ETH token on Thursday saw its highest amount of daily trading volume on Bitfinex. The second-largest cryptocurrency witnessed a 24-hour trading volume of 0.85 million yesterday – the highest level since September 15, according to Bitfinex data.  Further, the current weekly volume of 2.907 million is the highest since mid-December. Meanwhile, 24-hour trading volume across all exchanges… Read More »