The US stocks opened Wednesday on a higher note as President Donald Trump signaled positive outcomes of their trade talks with China. The Dow Jones Industrial Average jumped 0.5 percent to 23902 points after adding 115 points while the S&P 500 gained 0.3 percent. The Nasdaq Composite Index surged by 43.2 – or 0.6 percent – to 6941. The jump marked the market’s fourth consecutive upside session – the first time since Sep 14 – correcting 9% from its Dec 24 lows. However, the market remained 11% down from its 2017 peak.
Following the cryptocurrency market’s recent plunge that occurred when Bitcoin failed to stabilize above the $4,000 price level, the crypto markets have seen further instability, with many altcoins continuing to drop today. Now, the markets, and Bitcoin in particular, appear to be forming fresh trading ranges that could be highly profitable for risk tolerant traders who play them correctly.
Crypto trading platform Bitfinex has announced the opening of a margin trading service for the USDT/USD trading pair. According to the platform, the aim of the new service is to improve its stablecoin offering so as….
Block trading appears to be the latest focus of big players in the crypto market. With institutional investors looking to make substantial trades in the market, providing crypto block trading services can be a profitable proposition. In March 2018, Independence Reserve, an Australian crypto exchange platform launched an over-the-counter (OTC) crypto trading desk that is targeted at offering block trading services to big-time crypto traders. Now, it appears that Gemini, the crypto exchange platform owned by the Winklevoss twins is about to do the same. The service will enable big trades to occur outside of the platform’s order books…………
Malta-based digital asset trading platform, Binance, has advised crypto traders in Iran to withdraw their funds from its exchange – as it is planning to comply with US-led international sanctions against the state. An email sent from Binance’s support team to an Iranian citizen advised: “If you have an account with Binance and fall into that [sanctions] category, please withdraw your assets from Binance as soon as possible.” Sepehr Mohamadi, the head of Iran’s Blockchain Association, said there have been many incoming emails in recent months that have requested local crypto traders to withdraw their funds from international digital currency exchanges………….