Bitcoin Tops $7,500, ‘Nuff Said The global cryptocurrency market hit new all time high market capitalization in October. These gains are being driven by ongoing mining efforts, capital appreciation and the creation of new tokens. Leading the market is of course Bitcoin, the worlds premier and most sought after coin. The market for BTC hit […]
Regulation Hurts Binary Options As Much As It Helps Revenue and profit continue to decline in the binary options industry. This is directly related to the global crack down on frauds, scams and unregulated, unlicensed brokers. The good news is that this means there are a lot less scams and fraud than there used to […]
Storm Impacts Are A Net Positive The first estimate for US 3rd quarter GDP came in hotter than expected despite fears hurricane impact could dampen growth. At 3.0% the estimate is 0.3% better than expected and driven on rising inventories and international trade. This read puts the US on track for 2.5% annualized growth in […]
Regulators And Law Enforcement Swoop In On Fraudulent Brokers City of London Police with the help of the FCA have swooped in on a number of fraudulent brokers operating within the city limits. The raid was conducted with the assistance of the FCA and Her Majesty’s Revenue & Customs office and targeted 20 firms accused […]
The Open Trading Network, Coming To A Broker Near You The another cryptocurrency firm is about to issue its first round of tokens. Unlike others this blockchain startup will not be pursuing the typical route of initial coin offering. Why? Because of the growing stigma attached to such offerings, a stigma driven by fraud and […]
Headwinds And Catalysts The cryptocurrency market has recovered from a recent correction. This correction was driven, caused rather, by China’s decision to ban ICO’s and rumors it would ban all cryptocurrency trading. The correction deepened as rumor after rumor surfaced in the market finally reaching an extreme just prior to confirmation of the news. In […]
Breaking New! Canada Bans Binary Options! In breaking news I have just learned that Canada has made it official. Binary options are illegal in the country. The move comes after years of attack from outside sources using binary options to commit fraud against Canadians. If you have been following the issue you are well aware […]
It’s Official, China Bans Bitcoin In news leaked early today China has made it official, Bitcoin is banned within China. According to Coindesk documents and statements from exchange officials there has been a verbal instruction to cease operations by September 15th, effecting and immediate shut down. The reason, these exchanges are operating foreign exchange businesses […]
There’s Growth But It’s Only Growing So Fast The August read on the non farm payrolls data was positive, supports the idea of economic growth, shows a steady 2.5% YOY increase in wages but nonetheless did not impress the market. And that is a good thing in some ways. If the number had been too […]
Another Leg Higher For Crypto Currency With all the uncertainty in the world it is not wonder that more and more people are turning to cryptocurrency. Over the last week news has hit the market telling of Argentine Bitcoin miners using the digital token to avoid hyper-inflation, businesses around the globe flocking to blockchains on […]