Bitcoin Dominance Rises To The Highest Level This Year

Bitcoin LogosThe international cryptocurrency market is in flux as bitcoin continues to try and re-establish its apex status. It seems that without it all other cryptos are as unstable and untrustworthy. Also, major tokens have now fallen to new lows while at the same time Bitcoin has somehow managed to hold on to its $6000 value. One of the reasons for its strength is increased market share which is currently at 57.9%. It is the highest market share for the biggest reserve cryptocurrency and is also backed by a great deal of trading volume.

The recent drastic plunge in cryptocurrency value has in part been due to severe and anti-crypto regulations by the US. The SEC has levied many actions against businesses using cryptocurrencies which is setting a somewhat dangerous precedent for others. The first action was taken against Crypto Asset Managment CP, which is a California based service. The service has been accused of operating an investment company without proper registration, using false advertising and also lying to its investors. The firm was apparently marketing and selling otherwise unlisted cryptos but was touted as the first regulated fund in America which the SEC contends are claims that are false.

CAM has been accused of operating funds without being registered as an investment company. Consequently engaging in such a business and engaging in non-exempt public offerings not to mention investing over 40% of the assets in digital securities is considered fraud by the SEC.

The business has since then ceased its so-called public offering and has offered buybacks from all investors who are affected by the SEC’s action against them. Both Enneking and CAM have agreed to the SEC’s order to cease, desist and censure but without admitting or either denying the findings against the company. Though they have agreed to pay a $200,000 penalty.

The other action was against the ICO Superstore and is the first of such action to be taken against an unregistered dealer/broker. Both the operators and the ICO Superstore have been charged with selling off digital tokens without proper licensing and not complying with the required SEC regulations. A recent federal judge ruling read that the ICO Superstore was, in fact, a scam and as such subject to strict US securities laws. This particular ruling sets a very important precedent since it acknowledges that some types of ICOs and cryptocurrencies are seen as securities.

Interestingly Bitcoin today continues to remain as one of the most resilient currencies as it continues to sell and still has a lot of support. Bitcoin continues to ride the $6000 mark trading value at which it seems to be holding tight.

Indicators suggest that a bullish crossover is consistent with the level of support so there is a good chance there will be an uptick in prices. That move may see some resistance in the short term average movement, though a movement above that mark is going to be bullish. If the prices decline to sub $6250 levels, there will be a new long-term low of around $5,800.

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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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Nasdaq Is Building a Tool to Predict Crypto Price

Bitcoin Stock Image 2

Bitcoin LogosWe have heard from a senior executive at the NASDAQ who has decided to remain anonymous for obvious reasons that the U.S stock exchange is currently preparing to add tools to predict price movements of various leading cryptocurrencies. The new tool will be added to the NASDAQ’s Analytics Hub. The hub was launched just last year (2017) and provides investors with a more accurate way of predicting the market and assessing movement.

So far the Analytics Hub has primarily been focused on predicting the movement of traditional assets. Though the addition of digital currencies may seem to be yet another step by Wall Street in favor of cryptos. Speaking to the press, Bill Dague the head of the NASDAQ’s alternative data said that there is a lot of interest in cryptos and so they are consequently exploring various cryptocurrency related instruments. However, the executive added that it is still not clear if there will be such a tool as rumored by multiple sources.

The source which leaked this information is supposed to be working with the NASDAQ on building the tool or adding the functionality which is in its beta phase. According to the source, the new service will provide sentiment on nearly 500 cryptocurrencies and ICOs by taking a so-called three-pronged approach to looking at the flow of funds via wallets, social media, data from exchanges and analysis.

The news is hot of the heels of an announcement by Adena Friedman the current NASDAQ CEO who said that the company was looking into ways to offer bitcoin futures product. Then later in April, she said that they could possibly consider creating a cryptocurrency exchange. Though at the moment there isn’t much information about that.

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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

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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 Launches FX Options

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IQ Option will soon be furnished with yet another attractive FX Options feature. The new trading instrument will be yet another on the platform that will empower traders by combining all the advantages of Forex trading with the appeal associated with options trading.

It is expected to be a highly profitable hybrid. The other major news is that the newly created FX Options feature will be offered to EEA customers as well which will allow them to trade short-term forex.

The idea behind the new instrument is to make things simple on the trading platform, while at the same time giving control of the risk factor to the customer. So, they can set what is acceptable. You can watch the video for more details.

Advantages of FX Options:

  • Traders will benefit from an unlimited number of returns which mainly depends on the price of assets changing
  • If there is a loss investor will not end up losing all the capital invested. They will be able to choose the risk factor by defining what amount they want to trade
    and selecting a strike price. So, they can get the desired return when the asset expires
  • Trading will be more comfortable than with using CFDs since you don’t have to bother about leverage, pips, and margins, etc.

The way these payouts work is pretty simple. The customer defines the price at which they would be willing to exchange one currency for the next one. The payout will vary depending on the difference in price between each of the currencies. Also, the starting and end point of the currency value will be taken into consideration. So, the larger the price difference between the currencies the more significant will be your risk but so will be the payout if the odds are favorable.

The feature, in essence, gives the control over to customers who can then manage their risk. However, there are still risks which can’t be controlled like that of the market. Though being able to choose the risk level will help clients minimize their losses while maximizing gains.

At the moment FX Options is available in up to 14 currencies. The expiration times start from a minute and are right up to 5 minutes. The other good thing as mentioned above is that clients can’t lose more money than they invest.

As of late easymarkets has launched their easyTrade that uses a similar concept. Though we think that IQ Options’ implementation of the concept is much better and easier to use.

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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 Introduces All-New Commodity CFDs, Forex Assets and Bitcoin

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The recent expansion of IQ Option’s offerings works as proof to customers and skeptics alike that the company is dedicated to further expanding its investments and trading portfolio.

IQ Option is one of the leading award-winning brokers which gives investors the opportunity to trade over 40 different Forex pairs including CFDs on various assets, a number of new assets, and non-EU members can trade Bitcoin x100.

The recently added Forex assets introduced via the IQ Option platform include many new AUD based pairs in addition to HKD, CAD, MXN, CHF, GBP, ERU, and CHF. Now there are several examples of the over 40 new assets which traders will be able to access and trade.

The addition of new CFDs will allow investors to trade much-wanted commodity CFDs but by being able to leverage an x150 multiplier like Crude Oil Brent, Gold, Wheat, Silver, Corn, Crude Oil WTI, Copper, Gasoline, and Platinum. However, these CFDs will not be tradeable by EEA clients.

Bitcoin LogosOne of the most exciting additions is the ability to trade the Bitcoin x100 asset. The new asset comes with an x100 multiplier which is great for bitcoin traders but will be exclusively available to only non-Eu members using the platform.

The new multiplier enables non-EU members to execute trades that exceed their present balance which in turn means that there will be a drastic increase in profit potential as well as a decrease with a losing trade. So, both risk and profit will be affected by order of magnitude of 100 times.

Traders who have used the multiplier in the Forex trading industry will feel right at home because it allows them to see positive results much faster. Traders don’t have to wait for a drastic shift in price to see significant profits.

For instance, if the price of a bitcoin shifts upwards by 1%, the position performance of the investor will go up to 100% given that the trend was rightly predicted. Additionally, there is a 24-hour expiration period associated with the Bitcoin x100 asset, so traders will no longer be charged an overnight fee.

The team at IQ Option seems never to stop working to ensure that all 20 million members have access to a vast array of assets, fast execution times and a user-friendly platform. New products are meant to enhance their experience continually. The company is proud to be committed to providing members with the best trading experience online.

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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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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:

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