Let’s Talk Cryptocurrencies is BullMarketz weekly update of everything that’s happened on the cryptocurrency market in the past week. We cover all the ups and downs and provide you with all the information you need to make well-informed decisions about your investments in digital currencies. This summary is not excluded to the major currencies such as Bitcoin and Ethereum but includes all digital currencies.
Find the best trading platform. You capital is at risk when trading. Be careful.This week we can report on several major developments across the market from major investigations against cryptocurrency exchanges to nationwide bans and several developments regarding trading apps. We will also talk about Ethereum futures as well as both Facebook’s and the NYSE’s cryptocurrency plans. However, the biggest topic this week is that Consensus 2018 is starting in NYC and we can expect major news, developments, and price increases during this coming week.
Blockchain Week – Consensus 2018 – in New York City is starting today. The 4th annual cryptocurrency summit will be held at the Hilton Midtown between May 14 and 16, and it will feature over 250 speakers covering subjects related to cryptocurrency trading and blockchain technology. Many expert analysts expect to see the total cryptocurrency market cap surge during and after the summit, and we will keep you updated on the latest news. In addition, one of our favorite and recommended brokers eToro is one of many businesses sponsoring Consensus 2018.
The first ever regulated Ethereum futures have been launched by the British cryptocurrency trading platform Crypto Facilities. The ETH futures trading started Friday afternoon, and the platform is regulated by the Financial Conduct Authority (FCA), meaning the process is operated under very strict regulations. Crypto Facilities is already offering regulated BTC and XRP futures trading.
Huawei has implemented a Bitcoin wallet widget on their phones to make it easier for Chinese customers to trade and use cryptocurrencies. The wallet will be pre-installed on all the coming models but can be downloaded from the app stores to older models. Huawei has not developed their own wallet but is using BTC.com’s very popular BTC wallet.
Facebook is looking to develop and launch its own cryptocurrency. The news about Facebook’s cryptocurrency came as a bit of a shock since many had been joking that this was the reason they decided to block all cryptocurrency related ads earlier this year. Now will have to see if Twitter and Google – who also banned crypto ads this year – will follow suit with their own digital assets.
South Korea’s largest cryptocurrency exchange Upbit is under investigation by local police and the country’s government. According to reports, Upbit has falsified balance sheets and used fake data to lure customers.
Zimbabwe has banned all of the country’s financial institutions from handling cryptocurrencies. The ban will take effect in two months from now, and all of the affected institutions need to dismantle their business by then.
The fee-free trading app Robinhood has raised additional funding in order to launch their cryptocurrency app nationwide. Earlier this year, the very popular stock trading app launched a cryptocurrency trading feature in five selected states, and the other week Colorado was added as the sixth state. After an increasing demand, the developers are now looking to take their unique and zero-fee product nationwide.
The owners of the New York Stock Exchange have stated that they want to find a solution to let their customers trade Bitcoin. This means that the NYSE will become the second major trading floor to start offering cryptocurrencies after Goldman Sachs announced their decision to start trading Bitcoin last week. The CEO of Nasdaq recently stated that they too would start offering cryptocurrencies as soon as the market “matures” a bit.
For more day trading news and investment advice, we recommend that you check out our weekly trading segment called Let’s Talk Business where we cover the latest developments in all major markets.
Find the best trading platform. You capital is at risk when trading. Be careful.