Ethereum Rises On Scalability Solution Ether, the digital currency powering the Ethereum blockchain network, is on the rise following a major announcement from Amazon Web Services. AWS has announced a series of new templates that allow users to launch an Ethereum or Hyperledger based block chain application with only a few clicks of the mouse. […]
Cryptocurrency traders could be set to face huge tax bills. Investors and traders might want to think very carefully about pumping their money into cryptocurrencies in the future after the Internal Revenue Service (IRS) announced that anything bought using one of these currencies is liable to capital gains tax. Tax Picture Clouded Due to the relatively […]
A Surge In Cryptocurrency Is Now Expected After several false starts Bitcoin, the worlds reserve cryptocurrency, has finally snapped its downtrend. The coin gained more than 20% in two days, breaking above an important downtrend line, as investor confidence returns. The coin has been trending lower for the last several months as scams and increasing […]
What does the US interest rate rise mean for the markets? Jerome Powell, the new chairman of the United States Federal Reserve, certainly decided to make a splash during his first month in the job. He announced that the Federal Reserve will be increasing interest rates by 25 basis points to between 1.5% and 1.75%. However, […]
Bitcoin, Trading At Cost The cryptocurrency market, led by Bitcoin, surged to astonishing highs last fall but has since fallen from grace. The market, spurred by actions in China, Korea, Japan and elsewhere, sold off as regulators untangle fact from fiction. On the one hand cryptocurrencies are a viable technology based on distributed ledger and […]
Blockchain organisation Ethereum have recently announced one of the first cryptocurrency debit cards. Banking institutions have begun to recognise the game-changing significance of cryptocurrencies and have stated their concern over it. In 2018 the Bank of America commented that they consider this form of transaction “speculative” and “risky“. However, they also predict that “substantial expenditures” […]
We Knew It Was Coming, And We Don’t Care The ESMA followed through with its plans to ban binary options within the EU. The regulator, acting the interests of consumers, have issued a blanket ban on all brokers, trading and options with a limited time frame and all-or-nothing payout. According to the press release, the […]
Policy Tightening Is On The Way The March round of central bank meetings has come and gone. The results are largely as expected with the usual changes in nuance to drive analysts crazy. While most banks see economic growth accelerating and the need for tighter monetary policy their newly minted hawkish positions are tempered by […]
Last December the ESMA, the European Securities and Markets Authority, shocked traders with news they were planning a blanket ban of all retail binary options trading. If they follow through with this and other proposed rules it could change the face of binary, forex and CFD trading forever. Along with a ban of binary options […]
If You Missed The First Bounce… If you missed the first bounce cryptocurrencies made from their post-correction bottom they are doing it again. I don’t know any better way to say it that this, the major crytpocurrency pairs are offering text-book entries that buyers should not ignore. Sure, they may retest support and dip a […]