The total capitalization of tokens linked to the price of gold has reached $1.02 billion. There are two major players on the market, PAX Gold and Tether Gold, whose capitalization occupies a share of 99% of tokenized gold. Both tokens are options for stablecoins, however, their price is not pegged to fiat currency, but to the market value of gold. PAX Gold (PAXG) has a market capitalization of $523 million, while Tether Gold (XAUt) has…
Hedging, Scalping & News Trading – What Are They? These are commonly known strategies across the Forex and CFD trading markets, but what exactly are they? Here is a light guide for beginners who are interested in learning more about these trading techniques as well as, a brief introduction to technical and fundamental analysis. 1. Hedging To hedge, in trading, is to take an inverse position in an asset or trade that…
Lawyers for the Tesla and SpaceX CEO have demanded that a Manhattan federal court dismiss a $258 billion lawsuit filed against him last year by a DOGE investor. In June 2022, investor Keith Johnson accused Elon Musk of creating a fraudulent scheme using Dogecoin and falsely claiming that investments in DOGE are considered legal, although, according to the investor, this coin has no value . The plaintiff demanded damages and monetary compensation from the billionaire,…
Cryptocurrency exchange Bittrex announced the termination of work with clients from the United States. The reason for this decision was the “difficult regulatory environment and economic situation” in the country. As Bittrex co-founder and CEO Richie Lai emphasized, despite the constant development of the cryptocurrency ecosystem, the requirements of US regulators are becoming more opaque and tough. He noted that US regulators do not make contact with companies from the cryptocurrency sphere. This attitude made…
It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…
The American cryptocurrency exchange Kraken has announced a partnership with the Williams Racing team. It is the first major cryptocurrency company to have a F1 deal this year. The deal was announced on the eve of the Australian Grand Prix, which is due to take place in early April this year. The Kraken logo will be featured on Willams race cars, driver suits, team caps and all team branded merchandise. “We want to offer cutting-edge…
Japanese tech giant Fujitsu has filed an application with the United States Patent and Trademark Office (USPTO) to provide brokerage services for cryptocurrency trading. The company unveiled a logo that “consists of a stylized word FUJITSU with a lateral s-curl above the J and I,” according to the document. According to the filing, Fujitsu is going to provide services such as crypto asset exchange, deposit acceptance, loan financing and financial management. Fujitsu’s growing interest in…
Yesterday, March 27, the Commodity Futures Trading Commission (CFTC) accused the Binance cryptocurrency exchange of not being registered in the United States and violating federal laws regulating commodity markets. Binance CEO Changpeng Zhao immediately responded to the lawsuit filed in the Northern District Court of Illinois. According to him, the exchange “does not try to make a profit at any cost and never manipulates the market.” In an article on the company’s blog, Zhao said…
It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…
Cryptocurrency exchange Kraken has announced that it is experiencing difficulties with its Automated Clearing House (ACH) deposit and withdrawal channel, which is serviced through the failing Silvergate Bank. Cryptocurrency exchange Kraken announced the suspension of operations due to the fact that it still could not choose a new banking partner. “From March 27, Kraken customers will no longer be able to deposit via Plaid and withdraw funds via the ACH channel hosted by Silvergate. We…
