SEC Rejects the Second Bitcoin Exchange-Traded Fund

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A couple of weeks back we saw Bitcoin fall from its mighty high-rise prices to below $8000 a pop right after the SEC dashed any hopes of Bitcoin being recognized officially. The SEC (Securities and Exchange Commission) decided to reject the second round of the Bitcoin Exchange-Traded Fund or ETF which was proposed by Cameron and Tyler Winklevoss.

Over the last year we have seen Bitcoin rise to as much as $19,000, and just last month it was enjoying a mini-high. However, even after the temporary downward spiral, and it dipping to as low as $7,900, it quickly shot up to more than 35% of its value. That’s a much higher value after it hit a mere $5,785.43 just last month.

Mati Greenspan was quoted as saying a few days back that the ETF market had tremendous potential. It had the possibility of opening up the market to a number of well-funded buyers. Not only is Greenspan positive but several others also commented about the positive vibes associated with the Winklevoss’ proposed ETF. If anything it would have influenced major gains in Bitcoin’s value in addition to other currencies.

The good news is that there is yet another ETF application in the works and its called the VanEck SolidX Bitcoin Trust. Currently, the SEC has not released any official comment about this application. However, as per Dodd Frank rules, the SEC has just 45 days within which to take action after the publication of the proposal. So, they have up to August 16th.

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General Risk Warning:Binary options trading carries a high level of risk and can result in the loss of all your funds

Binary and digital options are prohibited in EEA

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

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IQ Option’s Football CFDs have started trading in Time for the World Cup

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You hardly ever get to see the world of CFDs merge into the world of sports. However, it is common knowledge that the majority of football clubs are also public businesses. These businesses have shares that are traded on various public exchanges.

So, with the now World Cup 2018 currently underway, IQ Option has launched their new CFDs especially meant for traders who double as football fans.

AS Roma Emblem

AS Roma is one of the teams introduced to IQ Option

Traders can now trade CFDs for the following clubs:

  • AS Roma
  • SS Lazio
  • Manchester United
  • Borussia Dortmund
  • Juventus
  • Olympique Lyon

Now if you think that the results of the World Cup are going to be favorable on the nations’ economies who are part of the games, then you can also trade the CFDs on the indices where it is possible to predict the movement of price. Also, movement of the national stocks of these countries taking part in the World Cup are going to be a good indicator of financial prosperity.

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Ripple CEO: “Bitcoin’s Influence Could End Soon”

Ripple Logotype Branding

Ripple Logotype BrandingThrough the current first and second half of 2018, cryptocurrency prices have been correlated with that of bitcoin. However, we may soon see the end of this correlation as markets are now starting to understand the significant differences between each type of cryptocurrency and their intended use cases according to Brad Garlinghouse the CEO of Ripple.

Garlinghouse was quoted as saying that there is a pretty high correlation between bitcoin prices as XRP (Ripple), despite each being an open source and independent technology. So, it is about time that we start to see a sensible move towards behavior that reflects that each one of these currencies is fundamentally different.

Garlinghouse

Garlinghouse is the CEO of payment protocol company Ripple

Ripple is mainly a network developed for swift global transactions, and XRP is the company’s digital token which associated financial institutions can use to send and receive money swiftly.

Ripple has reported an excellent first quarter during which it signed a whopping 20 production contracts with new companies according to Garlinghouse. However, during that same period of growth, the XRP had lost 70% of its previous value and ended up as the worst performing cryptocurrency amongst the lot.

However, the industry is still in its infancy and speculation is still the rule of law for traders according to Garlinghouse. Though it is only a matter of time before people begin to understand each cryptocurrency’s use case.

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Three Currency Pairs To Watch Out For

Swiss Franc Flag

Many significant currency pairs hinged on GBP, EUR and the USD have been languishing as of late as investors are holding out until the central banks shift offset each other’s policies. However, while this does mean that the market appears to be in turmoil, the fact is that this is an excellent opportunity for swing traders to profit. Though there is an equal chance of winning on these trades as there are of losing.

One reason for these 50/50 odds is that the movement within these rand bound pairs is hard to predict. Then you never know when intraday reversals will kick in and upset everything. Though many savvy traders may trade these range bound pairs, but they also want to hedge their bets on a trending market which offer better prospects.

USD/INR Currency Pair

Indian Rupee

The US dollar has finally started to rise after having successfully broken out of consolidation. The move has in part been driven by the FOMC outlook which has called for further rate hikes in 2018 which tends to overshadow the robust forecast by the Bank of India.

As of right now, the currency pair is at a seven month high, and there is an indication of it moving higher. All indicators point to a bullish position and suggest a higher price once the 65.75 resistance threshold is broken. Most experts place the pair at 66.00 and around 66.50 within the next the next three months.

GBP/CHF Currency Pair

Currently, the GBP/CHF has seen a surge in its prices over the last 6 weeks and is near to forming a consolidation pattern. This uptrend is also driven by the expectation prices will be pushed further up by the Bank of England with inflation data being weak and sketchy from Geneva at best.

So, the combination of runaway inflation in the UK and a further risky attitude will perhaps drive the currency pair prices higher in the short term. Resistance is pegged at 1.3800, but this may not hold for long. Anything breaking above 1.3800 will put it in a bullish mode, and we could see it go as high as 1.422 within the next month or so.

Swiss Franc FlagCAD/CHF Currency Pair

The Canadian dollar looks to have gained momentum against the Swiss Franc. The CAD/CHF has experienced a rise in the past month after confirmation of a reversal. Currently, it is trading below the 0.700 resistance, and we are confident that it will be broken. The indicators are clearly bullish and so higher prices seem inevitable, but overall momentum is fading. Though expect that the bullish outlook will lead to higher prices.

CAD/CHF Currency Pair

Once it breaks 0.7700, it would be bullish, and we are seeing experts placing a target of between 0.7800 and 0.7900 in the short term.

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Dropbox Makes Its Way to IQ Option with Spotify Soon to Follow After Successful IPO

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The San Francisco based popular cloud storage and file synchronization service ’Dropbox,’has initiated its initial public offering. The March 23rd IPO is considered to be the biggest since Snapchat went public. Following that Dropbox has gone the way of IQ Option apparently making it possible for traders to start trading this CFD right away.

Initially starting at just $21 the company saw its share prices increase by as much as 35%. And according to many, there is a lot of potential remaining. Currently estimated at $11 billion, and just around 11 years old, this is a very interesting CFD.

How will Dropbox do against the big boys?

Dropbox LogoDropbox will soon be battling for supremacy against heavyweights like Microsoft and Google. Interestingly out of 11 million Dropbox subscribers just 30% operate business accounts. Plus many will willingly shift to a newer and cheaper provider when that opportunity arrives.

Since cloud storage is a huge part of Dropbox’s business model, the fact that it is becoming cheaper each year means that the company could see its primary source of income erode over time. Furthermore, Dropbox has not turned a profit for many years.

Wallstreet traders and day traders alike have mixed views about the CFD and its future. Dropbox shares may have climbed to $31, but it soon lost 8% and settled at $30 a few days later. Many traders are positive that it will rise again.

Spotify will soon be tradable on IQ Option

Spotify LogoSpotify announced its IPO late March, hot on the heels of Dropbox’s announcement. As a trader, this is an exciting move since Spotify is estimated to become much bigger in coming months. Plus its appearance on IQ Option’s platform will help give it a much-needed boost.

Spotify is a broadcast, music, and video streaming service making it possible to access all the content you want online without having to download or buy it. Though users are charged a subscription fee. 70% of Spotify’s revenue goes to right holders.

What should traders expect?

Spotify is estimated to be worth $20 billion at the moment. Its executives believe that 2018 will see the company’s losses shrink as their margins improve. The company also hopes to break the $6.5 billion mark by increasing sales which will be accomplished by reaching 200 million users. So, in other words, if they are successful, there will be a 20% to 30% increase.

However, only time will tell which way this IPO swings. Though it does offer traders an excellent opportunity to invest in a solid tech company.

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IQ Option Becomes the Only Trader Offering A Short on the Dwindling Crypo Prices

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The prices of once exponentially exploding cryptocurrencies like Bitcoin have seen a sharp decline since late 2017, but which has continued through early 2018. Bitcoin has lost over 50% of its value year to date, while Ethereum has fallen by 30% when compared to the same time last year.

So, naturally, brokers are hesitant to offer traders a short except for IQ Option. This is the only broker that’s offering traders the ability to short crypto trades despite falling prices.

Why the sharp decline in cryptocurrency value?

The sharp decline can mainly be attributed to the bans instigated by major cryptocurrency markets like in China and Korea. These have not just stemmed the flow of cryptocurrency in general but also spooked investors and consequently triggered mass selling.

In China, authorities have taken major steps to stamp out the use of cryptocurrency trading and related services including advertising. That was one of the significant blows to the market, which was preceded by the banning of ICOs in 2017. It goes without saying that both Korea and China have long been major markets for cryptocurrency trading and mining.

Hence the curtailment has had a tremendously adverse effect on prices in general. In the United Kingdom, many high street banks like Lloyds have banned the use of cryptocurrency based credit card purchases. This is hot on the heels of US banking institutions like Citigroup and JP Morgan Chase & Co who have introduced a similar ban.

Panicked sales of Cryptocurrency

In addition to the bans and restrictions enforced in almost all major countries those participating in the global cryptocurrency markets have been running to cash out before its too late. This is driven in part by mostly panic, brought on by the assumption that there is an ongoing downturn. Though some traders have admittedly been selling to make a profit.

Cryptocurrency Price Crash

With the recent slump in cryptocurrency prices, many people are looking for a way to turn this crash into a source of profits

It goes without saying that the cryptocurrency market was overstated throughout the year 2017. Many seasoned investors look at it as a correction in the currency’s fair value as the digital currency continues to stabilize over the next couple of months. Stabilization of cryptocurrency values is imperative to its widespread adoption in the future.

How to take advantage of declining cryptocurrency prices?

It is a known fact that speculative traders will benefit from falling prices by shorting the currency. Shorting for those who don’t know is merely placing an order to the magnitude of the falling prices. So, the more they fall, the more money traders make by shorting. Though as it currently stands only IQ Option is offering shorting for cryptocurrencies.

IQ Option’s Short Selling

IQ Option is the only broker whose giving investors the chance to short using CFDs (contracts of difference). At the moment we are not alone in speculating that there are many wild swings ahead in the cryptocurrency market. So, investors have an excellent chance to make money from these swings in either direction.

Start trading now by opening a DEMO account to a Crypto Broker IQ Option by clicking the link below:

Open a Free Demo AccountGeneral Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Is Ethereum The New Bitcoin On The Block?

Ethereum Logotype Branding

Ethereum Logotype BrandingSome of the top dogs in the cryptocurrency ranking range in the literally hundreds if not thousands of dollars in value. However, so does the number of cryptocurrencies that according to some estimates happen to be up to 2000 different types.

Though by all estimates the vast majority of people have no idea what cryptocurrencies are, how they work and what use they have. Just a fraction of the people know of only one cryptocurrency, i.e., bitcoin thanks to the media.

It is really a shame that with so many cryptocurrencies and the way they are revolutionizing commerce not many people know about it. Also, Bitcoin is just one of the many cryptocurrencies albeit the biggest one too but not necessarily the best. The second dominant cryptocurrency is Ehtereum but which only has 20% of bitcoin’s market share making it significantly smaller.

What type of cryptocurrency is Ethereum?

Ethereum is one of the newer types of cryptocurrencies which mainly simplifies the mining or creation. Plus, it speeds up order processing and addresses issues like limits, growth figures, etc. These features help ethereum distinguish itself from other currencies.

Ethereum like Bitcoin is also based on blockchain technology which is a fancy term used for a decentralized database which is encrypted hence preventing unauthorized access and tampering.

Smart contracts are used to for the smooth processing of exchange, or it can also be used to handle decentralized tasks like running programming code across a network which prevents data manipulation.

Ethereum is by definition and in the real sense a virtual currency because the blockchain is usable in other aspects of the computer network. The official ethereum website has a lot of information about the currency and how it works. Plus, it offers basic yet updated statics about it like its mining process, rewards, quantity and value

The Advantages of Ethereum

Crypto Currency Guide.jpgPerhaps one of the biggest advantage of using ethereum is the fact that it has a well-designed system which has also been responsible for the formation of the Enterprise Ethereum Alliance. The EEA as it is called includes member organizations like JP Morgan Chase and Microsoft.

Ethereum is a well respected and trusted cryptocurrency in the community and one of the reasons why it kicked off to such a great start. As a matter of fact, some estimate that the currency is so well designed that it could easily overtake bitcoin in the next few years. However, already is the second most valuable cryptocurrency.

One of the other reasons for the ethereum boom and its continuing success is its use by major ICOs. Almost all ICOs or Initial Coin Offerings accept etherium as their primary source of funding.

How is ethereum traded

Ethereum is like any other cryptocurrency, and so it is subject to the same market conditions as many others out there, not to mention the regulation and rules. In addition to technically analyzing etherium you also need to consider the EEA which stands for Member Statements on Ethereum and the addition of new members. All of which contributes to significant price volatility.

Unlike Monero and Bitcoin ethereum is not an anonymous currency. That means you need to constantly keep yourself updated with the latest developments by Gavin Wood and Vitalik Buterin. What they have to say and do, will and does impact the price of this currency.Different Available CryptoCurrencies

Unless your intention is to use ethereum to purchase services and goods, it can also be traded like Forex or via cryptocurrency exchanges. Most if not all brokers will show the current ethereum exchange rate with a corresponding US dollar value.

If you have a solid trading strategy, then that will work perfectly with ethereum. Though you may want to go through the historical data before making any trading speculation.

Using Ethereum for binary options

Ethereum can also be traded as binary options like other currencies. Currently, this type of binary options trading is being offered by BD Swiss and IQ Option. You can find out more about trading these and other cryptocurrencies by visiting these brokers’ websites.

Start trading now by opening a DEMO account to a Crypto Broker IQ Option by clicking the link below:Open a Free Demo AccountGeneral Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Plus500 Has Been Granted a License to Operate From Singapore

Plus500 logo

Plus500 has as of late achieved another milestone in what has been a very successful run by the company. The AIM-listed broker has announced that they have been granted the license to operate their business from Singapore.

The now FCA-regulated broker is considered as being one of the leading CFD and forex brokerages in the world. The company has operations in well over 50 countries, and they offer support in over 32 international languages.

Plus500 is currently listed and regulated in around six if not more jurisdictions internationally. These jurisdictions include Cyprus, South Africa, New Zealand, United Kingdom, Isreal, and Australia.

Monetary Authority SingaporeThe company recently was granted a license to operate by the Monetary Authority of Singapore. As a consequence of this license, the company will now be able to operate and expand its leveraged forex and securities trading service in one of the most advanced and prosperous cities in Asia.

Flag SingaporePlus500 Ltd’s CEO Asif Elimelech has said that this is a great and clear indicator of what the CFDs broker is capable of doing. It also signals the fact that they can now scale the business thanks to regulatory sanction.

As a matter of fact, the decision to apply for a Capital Markets Services license in Singapore is solidly in line with the broker’s long-term strategy to expand by adding new licenses. So, the more licenses they get, the faster they can expand across the world. That also means they are able to cater to a much more diverse customer base across many different geographical locations.

One of the most prominent features of the Plus500’s online trading platform is that it enables traders to trade CFDs along with over 2200 different financial instruments. These instruments include indices, equities, commodities, options, ETFs, cryptocurrencies, and forex.

The CEO for Plus500 is celebrating the acquisition of the company’s license and the fact that it is now being recognized as an international brand. Thanks to the recognition the company will soon be able to get more exposure and hence do more business by attracting more traders.

Plus500 Ltd will now be operating under the trade name of Plus500SG Pte. Ltd. This is the company’s new subsidiary of the firm which was created specifically for the Singaporean market.

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IQ Option Announces Blockchain Based ‘Open Trading Network’

IQoption

IQ Option is planning a brand new project. The company after having teasing users earlier in the year about the latest venture which was in the works has now announced that it is a huge new project.

IQ Option is without a doubt one of the leading binary options brokers in the industry. The company as of late has started focusing on the possibilities of blockchain technology. The company has pledged to fund a massive project they call ‘Open Trading Network.’

The goal of the company is to create a so-called cross-chain solution which will facilitate transactions across various blockchains. The firm has said that the challenge is to incorporate solid cross-chain technology into the crypto-world.

After all the isolated blockchains find a connection and work harmoniously, it opens a whole new world of possibilities. The company’s Open Trading Network or OTN will connect crypto users, traders, and businesses via a single cross-chain.

Ethereum Classic IQThe solution offered works via a common wallet which will hold all the cryptocurrencies as tokenized assets. This will allow for users to freely exchange the tokens. Businesses have the ability to create their own cryptocurrencies, get access to a large number of traders and raise funds via the OTN exchange.

Traders will have access to a large number of crypto liquidity via the platform which is considered a solid one in the industry. The company recently enjoyed a great deal of success with the launch of their mobile offering which now generates a large chunk of the company’s revenue. The new network will allow for exchanging tokenized assets, derivatives and fiat currencies.

A huge step for IQ Option

IQ Option has a team of over 550 professionals that work across its two offices in Limassol and Saint Petersburg, all of whom work on this new project. It is evident from the workforce alone that the company is heavily invested and continues to develop its trading platform. Plus, it has successfully transitioned into CFDs cryptocurrencies and FX trading.

Another critical aspect of the project is that it adheres to all existing regulations set forth for brokers. The partnering brokers are able to report their transactions to the regulators via the instruments that are being supervised.

CryptoTrading IQ OptionsNow, this has been made possible because just two parts are needed to work via the blockchain. The new OTN will allow for regulators to monitor transactions as required. Also, the system will monitor and verify digital signatures as are necessary for optimized KYC processes.

Why isn’t this an ICO yet?

The simple answer is the fact that IQ Option does not want to raise money for the venture. The company is committing to develop this solution as a module which will work from within its already functioning trading platform. The module will help the company meet the demand of all existing users as opposed to creating a new market.

The goal for IQ Option is to initially create a ready to use solution that is a hybrid between non-blockchain technology and the blockchain. The central order matching will ensure quick execution speeds which otherwise cannot be reached via the current state of the distributed ledger.

IQ Option has said that its state of the art matching engine will have the capability of signing token exchanges in mere seconds. The OTN Tokens will be readily listed via all the outside exchanges which are willing to comply and provide it to their traders. Clients will be able to generate their own tokens as transactions are executed via the IQ Option trading platform.

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Interview with Julia (IQ Option Support Team)

Are There Any IQoption Complaints?

For almost a year I have watched IQ Option grow, and I decided to talk to someone who is at the frontline of customer service, Julia Godlach. She has been with the company for six months already, and had something to say about working in the company.

She had studied public relations and has a diploma in professional communication and translation studies so it is only natural that she feels at home, talking to customers from different parts of the world. We meet her at her colorful working desk as she greets us with a smile before we start the interview.

  • Hello, Julia! Nice to meet you. Could you please tell me, clients from what countries are the most active in tickets, chats and via telephone?

Julia: Nice to meet you too. As I’m working with English-speaking clients, I mostly interact with traders from UK, South Africa and India. But clients from such countries as Spain, Portugal, Brazil and Italy can often be seen in the chats, too.

  • What are they interested in? What is the most frequent question traders ask?

Julia: One of the most popular questions is how to pass verification. In my opinion, it’s pretty understandable as verification is one of the key procedures existing on the platform so our job is to make verification experience for our clients as smooth as possible. Also, we get lots of questions dedicated to our latest releases.

We have recently launched Forex, cryptocurrency investments and CFD and it didn’t go unnoticed. For instance, traders want to know whether there is any expiration available for forex and cryptocurrency positions and how to use such features as Stop Loss and Take Profit correctly. Cryptocurrency is booming nowadays so clients are genuinely interested in these types of assets, too.

  • I see you’ve mentioned Forex, can you please tell me, what should I know about Forex trading ? What is the most important about it?

Julia: Sure thing. It’s important to realize that the main idea of Forex trading is to get profit from the change of currencies price. There are two types of positions – long and short. If you think that the price of the asset will increase, you can open a Long Position. On the contrary, if you think that the price will decrease and you sell the asset, it’s a Short Position.

You can also use technical and fundamental analysis for Forex trading. We offer a wide range of technical indicators and graphical tools on the platform so you choose any of them. Besides, we have an official blog which is regularly updated with news of the day that might affect the market, it also contains detailed articles dedicated to various aspects of trading from patterns to analytical materials. An economic calendar is available there as well.

  • Is there any difference between profits for long and short positions on Forex?

Julia: No, there is no difference in profits. The only difference is the formulas used to calculate the profits, but they too, are quite similar. For long positions it can be calculated the following way: (Closing price / Opening price – 1) x multiplier x investment

For short positions: (1-closing price/opening price) X multiplier X investment

  • What is “pips” and how can one count the price of one pips?

Julia: It’s a term used by traders and market analysts for describing an amount of asset’s price change.

Снимок экрана 2017-09-13 в 17.15.50

Julia Godlach is one of the members of the IQ Option support team

We offer a universal formula for calculating the price of one point of the investment currency. It can be calculated this way:

  1. One point = ((Closing Price – Opening Price)/ Opening Price) x Investment x Multiplier.
  2. If you want to calculate the price of one point for an open position, there is a solution as well.
  3. Just write a price that is 1 point bigger than Opening Price and it will work this way.
  • How does Multiplier work?

Julia: It’s an amount, to which your initial investment is multiplied so that you could trade with a much bigger amount that you invest.

For example, when your initial investment is $100 and you use a 500 multiplier, you will trade with the amount $50 000 and you will get profit from $50 000 investment, not $100.

In fact multiplier is similar to a leverage in classic Forex trading. Though it sounds truly appealing I’d like to emphasize that using multiplier increases the level of risk. On our platform the trade is automatically closed when it reaches a level from -95% to -100% so when using the leverage, you should be confident in investment decisions you make.

  • Is there any difference between classic Forex and IQ Option Forex?

Julia: Yes, there is. Our team aimed to create a user-friendly and easily understandable interface and I believe they achieved their goal to the fullest. Also, our products have a built-in protection mechanism on our platform so it’s impossible to lose more than the amount of initial investment. 95% of the amount you enter into a transaction is the maximum you put at risk. At the same time, Forex trading can be very risky and we want our clients to to keep that in mind when trading.

  • Can one test it on Practice account? Or is it limited for demo and can be traded only on Real account?

Julia: Yes, it surely can be tested on Practice account. We believe that it’s truly crucial to have an opportunity to get familiar with interface and all the new features without putting your real capital in risk. For this very purpose we have increased the default demo balance to 10 000. By the way, practice balance can be topped up anytime. You can either do it by yourself or you can always reach out for Support Team if you need any bigger amount for training. We respect our clients’ needs so practice account can be used for as long as you want to absolutely for free.

  • And the last, but not least question: what is the best way to interaction with platform for good results?

Julia: Having a stable high-speed Internet connection is vital as it affects the total trading experience. Also it’s pivotal to know our Terms and Conditions because that’s what regulates relations between you as a customer and us as company.

We are completely transparent in our procedures that’s why our policies are in open access for all the visitors of our website, even for unregistered ones. And the last but not least, please don’t hesitate to contact Support team if you need any assistance.

I was surprised to find out that lots of clients often feel shy to get in touch and apologize for asking something but there are no insignificant questions and we are here to help you through any doubts or hesitations.

We offer a variety of channels for support (tickets in personal cabinet, live chat and hotline) so just choose the one you prefer. Don’t forget that there are no unresolved issues, there are only questions that remain unasked.

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General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

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