This classic trading pattern signaled that Bitcoin price had hit a top

Traders tend to focus too much on timing the right entry to a trade, but very few focus on developing a strategy for exiting positions. If one sells too early, sizable gains are left on the table and if the position is held for too long, the markets quickly snatch back the profits. Therefore, it is necessary to identify and close a trade as soon as the trend starts to reverse. One classical setup that is considered reliable in spotting a trend reversal is the head-and-shoulders (H&S) pattern. On the…

‘Buy now pay later’ firm Zip plans to offer crypto trading in Australia and the US

Australian ‘buy now pay later’ (BNPL) firm Zip is looking to enter the crypto market by offering trading services to users within the next 12 months. Zip co-founder Peter Gray told Reuters on July 22 that expanding support for crypto trading services and providing a digital wallet was one of top requests from its clients. The co-founder kept his cards close to his chest however and didn’t outlay a specific roadmap or timetable to get there. “We know our younger generation of customers seek additional products and services that are…

Multi-asset exchange wins crypto trading license in Bermuda

A multi-asset class trading firm in Bermuda has secured major regulatory approval allowing it to offer cryptocurrency trading services. Over-the-counter trading platform 24 Exchange has acquired a “Class T” digital asset business licence from the Bermuda Monetary Authority (BMA) to roll out cryptocurrency trading on its institutional-grade platform. The firm officially announced Tuesday that the new license was granted under the Bermuda Digital Asset Business Act 2018. With the newly received license, 24 Exchange is planning to launch physical crypto trading to its institutional clients later this summer. Specializing in…

Trading firm of richest crypto billionaire reveals buying ‘a lot more’ Bitcoin below $30K

Bitcoin’s (BTC) painful plunge below $30,000 on Tuesday turned into a so-called “buy the dip” opportunity for Alameda Research, a Hong Kong-based quantitative trading firm and liquidity solutions firm headed by FTX-famed Sam Bankman-Fried. The company’s quantitative trader Sam Trabucco revealed late Tuesday that they purchased Bitcoin during its latest price decline, adding that their cautious strategy to go long BTC/USD surfaced out of at least three “recovery” catalysts: a potential end to the ongoing crypto FUD (China ban, Grayscale epic unlock, etc.), stock market’s intraday recovery, and weaker long…

Bank of America Reportedly Approves Bitcoin Futures Trading 

Share this article According to two anonymous sources, the Bank of America, the second-largest bank in the U.S, has started approving Bitcoin futures trading for some clients.  The Bank of America Launches Bitcoin Futures  Competition is increasing in Bitcoin futures trading.  The Bank of America has started allowing some clients to trade bitcoin futures, two anonymous sources familiar with the matter told reporters at Coindesk.  Futures trading has become an important part of institutional involvement with cryptocurrencies. Due to regulatory issues, large institutional investors may not want to hold Bitcoin directly.…

Bitcoin bounces off $31K after Bank of America greenlights BTC futures trading

Bitcoin (BTC) continued to bounce off $31,000 support during Friday as fresh data reinforced the importance of current price levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No trip to $42,000? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD repeatedly testing but, so far, not breaking through $31,000 on Friday. A late surge to near $32,000 then entered as unconfirmed reports surfaced that Bank of America had given the go-ahead for Bitcoin futures trading. Market participants held mixed opinions about the short-term outlook, with popular trader Michaël van de Poppe…

Binance Halts Stock Trading Amid Regulatory Scrutiny

Share this article Binance will no longer offer stock trading. The decision comes as Hong Kong’s Securities and Futures Commission joins a growing list of regulators to issue a warning about the exchange’s registration status.  Binance Winds Down Stock Trading  Binance is removing its tokenized stock trading feature. The leading cryptocurrency exchange launched trading for stocks like Tesla in April, drawing the attention of regulators at the time.  The Financial Conduct Authority, which is one of several regulators to issue warnings about the exchange’s regulatory status in recent months, said…

Bondly Finance urges users to stop trading following alleged exploit

Decentralized e-commerce platform Bondly Finance is the latest decentralized finance (DeFi) platform to suffer an alleged exploit. The developer team advised the DeFi community to stop trading Bondly, the platform’s native token, following a suspected exploit on July 15.  Bondly Finance has yet to provide details regarding the attack, aside from being compromised by an unknown party. “Rest assure, we have already taken action and will be operating as usual as soon as possible,” the official announcement reads. Bondly token price tanked more than 60% within three hours following the…

FTX crypto exchange integrates institutional trading tool ClearLoop

FTX has become the latest crypto exchange service to join ClearLoop — an instant trading settlement infrastructure from Brevan Howard-backed Copper.co. As part of the integration, Copper’s over 300 institutional asset managers will be able to access FTX crypto offerings such as cryptocurrency futures, options, volatility markets, as well as tokenized stocks among others. At over one million registered users and more than $600 billion in trading volume per month, FTX is the largest crypto exchange to join the ClearLoop platform, according to the Copper announcement on Tuesday. With Deribit and…

Australian online broker SelfWealth to offer crypto trading

SelfWealth, a share trading platform listed on the Australian Securities Exchange, is planning to offer cryptocurrency trading as part of its 2021 roadmap. On Monday, SelfWealth officially announced that the company will partner with an “established and secure cryptocurrency exchange” to offer crypto trading on its platform. “This is off the back of research we’ve done, including answers from many of you. You want to access crypto, but you want it done in a safe and secure manner. You will be able to trade cryptocurrencies that have been vetted by us…