Standard Chartered: Bitcoin could drop to $5,000 in 2023

Cryptocurrency News

Analysts of the transnational financial corporation Standard Chartered have named the events of the next year that will affect the quotes of the first cryptocurrency. Bitcoin could crash in 2023 – the price of BTC, experts say, can fall to $5,000. According to the head of global research at the company, Eric Robertsen, the profitability of many technology companies has dropped markedly along with their shares, and despite the slowdown in the sell-off bitcoin, the…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency News

Building a Diverse Trading Portfolio   A look at the importance of risk mitigation through diversifying your portfolio.   When it comes to online trading, portfolio diversification is a powerful tool used by investors to mitigate risk. This strategy involves investors holding multiple assets across varying markets, industries and geographical jurisdictions in order to spread their exposure and decrease the risk of loss due to one industry collapsing.     The Benefits of a Diversified…

Former FTX.US President Brett Harrison seeks funding for new startup

Cryptocurrency News

Brett Harrison, the former president of the bankrupt US division of the FTX cryptocurrency exchange, announced the start of a funding round to create a new crypto startup. Former FTX.US President and CEO Brett Harrison plans to launch a startup that will create cryptocurrency trading software for large investors. Harrison said that he has already entered into an agreement with one of the venture capital companies to provide financing in the amount of $6 million.…

CedarFX - Trade with the First Eco-Conscious Broker

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency News

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 US Department of Justice demanded the appointment of an independent expert to study the causes of the collapse of FTX

Cryptocurrency News

The U.S. Department of Justice has filed a petition with the U.S. Bankruptcy Court in Delaware, requesting the appointment of an independent expert to investigate the causes of the collapse of the FTX cryptocurrency exchange. In mid-November, FTX management filed for bankruptcy due to lack of liquidity. Since then, the exchange has sought to be held accountable by both investors trying to recover their assets and regulators, including the Bahamas Securities Commission ( SCB ).…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency News

Building a Diverse Trading Portfolio   A look at the importance of risk mitigation through diversifying your portfolio.   When it comes to online trading, portfolio diversification is a powerful tool used by investors to mitigate risk. This strategy involves investors holding multiple assets across varying markets, industries and geographical jurisdictions in order to spread their exposure and decrease the risk of loss due to one industry collapsing.     The Benefits of a Diversified…

The Italian government will introduce a tax of 26% on profits from cryptocurrencies

Cryptocurrency News

The Italian government, as part of the national budget in 2023, plans to levy a 26% tax on capital gains from cryptocurrencies. The tax will apply if the profit exceeds €2,000 ($2,062). The tightening of tax policy in relation to crypto assets is due to the fact that local tax authorities consider digital assets to be foreign currencies. If adopted, these amendments would also include stamp duty on cryptocurrencies and disclosure obligations. Recently, Italian taxpayers…

Coinbase Wallet Ends Support for XRP, BCH, XLM, and ETC

Cryptocurrency News

Coinbase has announced that Coinbase Wallet is ending support for Bitcoin Cash (BCH), Ripple (XRP), Stellar (XLM), and Ethereum Classic (ETC) due to loss of user interest. According to a statement from Coinbase, January 23 will be the deadline for transferring XRP, BCH, XLM, and ETC to another cryptocurrency wallet. In addition, the owners of these cryptocurrencies will have to import the recovery phrases into the new wallet in order to use their assets. Coinbase…

Interested in Low Spreads & No Commissions?

Cryptocurrency News

Interested in Low Spreads & No Commissions? Spread has a wide variety of definitions when it comes to finance. In trading, it refers to the difference between the buy/offer and sell/bid prices for an asset: a key part of CFD trading. For example, if the ask price is $12 and the bid price is $10.50, then the spread for it is $1.50. The bid-offer spread is also known as the buy-sell or bid-ask spread. Not…

Mark Mobius expects Bitcoin to fall to $10,000

Cryptocurrency News

According to the forecasts of the co-founder of Mobius Capital Partners LLP, Mark Mobius, in the near future the price of bitcoin may drop to $10,000. In a recent interview, Mark Mobius suggested that bitcoin is very likely to collapse by several thousand dollars. Moebius added that he would not invest his own money and client funds in this cryptocurrency, because in the current conditions “it is too dangerous.” At the same time, Mobius acknowledged…