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Keep HODLing BTC, ETH, XRP, TRX and others. Traditional Stock Exchanges Are Moving Into Crypto

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HODL
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The term HODL is a trademark of any seasoned crypto enthusiast, trader, and believer. It has been used vastly in the last 6 months to signify the bravery of watching the crypto markets spiral out of control without having the urge to cash out and run for the hills. Some have even made interesting memes and gifs that include scenes from Mel Gibson’s movie known as Braveheart. The HODLers faith and belief in a better and bullish crypto market might be bearing fruit with the recent talk about Bitcoin (BTC) bouncing back due to institutional investors wanting a piece of the profits crypto traders and exchanges are making.

One such traditional stock exchange aching for a piece of the action in the crypto markets is Swiss-based SIX. The exchange plans to offer fully integrated trading, settlement and custody infrastructure for digital assets. SIX is regulated by Swiss Authorities as an operator of Financial Market Infrastructure (FMI). Two other entities regulate SIX. These are FINMA (The Swiss Financial Market Supervisory Authority and the Swiss National Bank.

Jos Dijsselhof, CEO at SIX is quoted as saying:

“This is the beginning of a new era for capital markets infrastructures. For us, it is abundantly clear that much of what is going on in the digital space is here to stay and will define the future of our industry.”

Therefore, through this declaration by SIX to offer crypto trading services, the Swiss government has officially endorsed cryptocurrencies as investments. We all know that the Swiss banking system is where all the big money is. Lots of Hollywood stars, oil billionaires, and trust funds, have Swiss banks handling their money. This means such high net individuals and institutions can opt to diversify using SIX to tap into the crypto markets.

There you have it, ladies and gentlemen. Keep HODLing. The big bull run is coming in the crypto markets. One is tempted to speculate that the current low levels are intentional so that the above traditional exchanges can stock up on their own cheap BTC, ETH, XRP and the rest, as they gear up to offer the known crypto exchanges some competition.

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One of the factors that is enticing traditional stock exchanges into the crypto industry is the vast profits crypto exchanges are making through trading fees. Binance for one was only set up a year ago and its CEO is predicting $1 Billion in profits for the year ending 2018.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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