The Bitcoin Mercantile Exchange, or BitMEX, is a large and well-known online trading platform dealing in futures contracts and other derivative products tied to the value of cryptocurrencies. Recently, the Commodity Futures Trading Commission (“CFTC”) filed a civil complaint against the holding companies that own and operate BitMEX, incorporated in the Seychelles, and three individual…
Bitcoin Traders were treated with a roller-coaster ride last week. Reacting strongly to the news of United States President Donald Trump contracting COVID-19 and the BitMEX founders and executives being accused of failing to stop money laundering, bitcoin took a huge plunge and once fell below the $10,500 support within minutes.
On Oct. 7 Cointelegraph reported that top crypto traders had kept a bearish stance since mid-September and at the time the Bitcoin (BTC) long-to-short ratio had reached its lowest level in 10 weeks. All of this changed in a matter of hours as soon as BTC broke through the $11,000 resistance.
Blockchain is arguably the next big thing after the emergence of electricity and the internet. It has started transforming businesses at an unimaginable rate, and those who have not been using the technology are now trying hard to get acquainted, master, and apply it to their organizational processes.
As an emerging and continually evolving sector of the financial markets, cryptocurrency offers huge potential to traders of all levels. Only a few years ago, crypto trading was largely limited to the spot markets, with little opportunity to short trade and profit from bear markets.
A new service is bringing around the clock trading to US based-stocks, in a format that will make it easier for investors around the world to get in on some of the fastest growing public companies in the world.
Posted on October 7, 2020 by Allen Brown Bitcoin is getting more mainstream by the day both in terms of how easy it has become to use to buy things and for how much money there is to make off of investing. With the newfound interest in Bitcoin, people are wondering how to go about…