FX industry veteran, Marcelo Spina has parted ways with ThinkMarkets and is launching a start-up that promises to smooth the online trading experience for both B2B and B2C sides, Finance Magnates has learned. Dubbed ‘Operar FX,’ the new venture sought by Marcelo Spina will have two primary divisions. The first […]

Key Takeaways JPMorgan has suggested a long-term price target of $146,000 for Bitcoin. A team of analysts cited Bitcoin’s “digital gold” narrative as a factor for increased demand. The bank’s stance on Bitcoin and other cryptocurrencies has historically been hard to read. JPMorgan, one of the world’s largest investment banks, […]

IG Group released a Brexit update today for its European Economic Area (EEA) clients and asked them to transfer their accounts to IG Europe as the broker recently announced that its UK entity will no longer service clients from the EEA region due to Brexit. According to the official announcement, […]

The U.S. dollar’s dominant position as the reserve currency of choice may be in peril, as its share of global currencies held in reserves continues to decline. International Monetary Fund (IMF) data shows, the dollar’s share of reserves dropped from 66% in Q3 of 2014 to just above 60% in […]

Cryptocurrency prices jumped Monday evening as digital asset markets reacted positively to a letter published by the U.S. Office of the Comptroller of the Currency (OCC) approving U.S. banks to use public blockchain networks. Ether jumped nearly 12% on the letter’s release, given Ethereum’s dominance as a stablecoin payment settlement […]

On January 4, 2020, the price of bitcoin slid to the lowest point of the year dropping from Sunday’s high of $33,800 per unit to $27,734 a few minutes after 5 a.m. (EST). In fact, the price dip filled CME Group’s large futures gap after the regulated exchange has seen […]

The folks over at Deribit apparently think the recent explosion in the price of bitcoin (BTC) from $20,000 to around $32,000 in just over a month, including a 10% rise in the last 24 hours, merits offering traders the ability to bet on a rally to $200,000 by late December. […]

Key Takeaways Ethereum has just crossed a new local high of $800, following Bitcoin’s latest price action. The rise of Bitcoin has historically been an indicator of improved returns for various altcoins. Despite ETH’s bull run, BTC continues to dominate the market by a massive margin. Ethereum just hit $800. […]

Key Takeaways Ethereum surged 40% yesterday, but has since cooled off and is trading below $1,000. The ETH:BTC ratio has increased to 0.032, a key performance indicator for Ethereum. Though Bitcoin is still the best-known crypto asset, recent price action suggests Ether will play a key role in this market […]

Economist David Rosenberg has pleaded “ignorance on bitcoin” after saying that the cryptocurrency was in a massive bubble. He admitted that bitcoin has exceeded his expectation but he still prefers gold because he understands it a lot better than bitcoin. ‘Bitcoin Has Exceeded Almost Everybody’s Expectations’ David Rosenberg, chief economist […]