Key Takeaways XRP prices declined by approximately 45% during the most recent cryptocurrency market crash. Despite the significant losses, XRP seems to be developing a reversal pattern that could see its price improve. Indeed, a decisive close above the $0.66 resistance level could push this cryptocurrency towards $1.15.  XRP is […]

Saxo Bank Group reported strong financial results for 2020 as net profit jumped significantly to DKK 750 million, compared to just DKK 40 million in 2019. The total clients’ assets surpassed DKK 500 billion. According to the official press release, the company welcomed 238,000 new active clients last year as […]

RoboMarkets, a Cypriot broker offering trading services across Europe, announced on Wednesday the termination of its services with cryptocurrency contract for differences (CFDs) to protect its clients from high-risk investment instruments. The press release shared with Finance Magnates detailed that the broker-dealer will close all cryptocurrency positions at current quotations […]

Key Takeaways Ethereum is down nearly 34% in the last 72 hours. Despite those losses, a bullish impulse seems to be underway. Slicing through $1,620 could lead to a 15% upswing.  Ethereum looks primed to rebound while other cryptocurrencies continue to bleed after the recent crash. Whales Make Money Moves […]

Key Takeaways New York’s Attorney General and Tether have reached a settlement over a two and half year pending case. Tether has agreed to a $18.5 million penalty and transparent, public disclosures of USDT reserves. Bitcoin which was in a severe downtrend gained 6.5% instantly after the settlement news. New […]

Key Takeaways Bitcoin took a 23% nosedive in the past 48 hours, generating significant losses across the board. Now, it appears that BTC is bound for a bullish impulse as sidelined investors “buy the dip.” A spike in upward pressure could push prices towards $53,000.  Bitcoin has shaken out many […]

Trading 212 has suspended trading in microcap penny stocks, which attracted the attention of both regulators and amateur investors over the past two months amid social media interest. The FCA-regulated broker said it temporarily halts purchasing of penny stocks that are highly illiquid and have a market cap in the […]

Veteran trader Peter Brandt has implied in a tweet that bitcoin will go through deep price corrections before it gets to the $200,000 mark. Brandt points to the 2015-17 bull run when bitcoin went through similar corrections about nine times as the precedent the crypto asset might follow. More Corrections […]

Renowned gold bull and CEO of investment management firm Doubleline, Jeffrey Gundlach says bitcoin may be the “stimulus asset” while adding it “doesn’t look like gold is.” Gundlach, a self-professed long-term dollar bear, had preceded his comments about bitcoin by remarking that “lots of liquid poured into a funnel creates […]

The Financial Commission (FinaCom PLC) today issued an execution certification for AmorFX ‎as the industry-specific association attempts to reduce the number of execution-related disputes that occur before they progress into formal complaints. AmorFX is a multi-asset brokerage firm that offers trading of FX, indices, CFDs and commodities. The brand is solely […]