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CMC welcomes Litecoin, Bitcoin Cash, and XRP to its platform

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CMC Markets, a trading company based in Queens Land (UK) has announced to add three new cryptocurrencies Litecoin, Bitcoin Cash and XRP respectively to its platform. The firm offers a wide variety of opportunities for its users. More than three hundred global currencies, classic commodities such as oil gold, and silver, company shares, treasury notes, gilts, and bonds. They basically offer all kinds of traditional financial instruments, even spread bets.

Last March, CMC added Bitcoin and Ethereum to the mix of products they offer and, now, they decided to support three new virtual currencies in their platform (as noted above): Litecoin, Bitcoin Cash, and XRP.

Mr. David Fineberg who happens to be the Director of Group Commercial for CMC, has this to say about the company’s new move:

“Since the successful launch of our cryptocurrency offering in March, and subsequent extension to retail clients in July, our clients have expressed interest in extending their trading options beyond bitcoin and ethereum. We are pleased to offer them the chance to take a position on bitcoin cash, litecoin and ripple, three altcoins which continue to generate much speculation among traders.”

Fineberg also added,

“Spread bets and CFDs offer a way to trade on cryptocurrencies as clients can take a position on market movements without owning the asset. By trading with an established provider, funds can be deposited and withdrawn with ease, avoiding the risks of purchasing cryptocurrencies directly through an exchange. However, like all other financial instruments we offer, we always recommend clients understand the risks and conduct thorough research before trading.”

This news is very important because we’re not talking about a crypto exchange at all, but about a traditional financial company that is adopting digital assets and bringing them into the mainstream. CMC’s clients are not crypto enthusiasts but people who try to make money using the company’s web platform through financial resources, instruments, and tools that are very old.

The company’s latest decision is part of its new approach to be innovative.

For instance, last June CMC trained Alexa to give its clients the latest financial news. headlines, articles, relevant tweets and market data. It’s the first provider in the market that has made on-demand insights in this particular way. The magic words are “Alexa, open CMC markets.”

A month later it brought crypto spread betting to its platform and they are now increasing the number of crypto coins they offer to their clients.

CMC is a company that seeks to empower traditional investors through the use of technology, and they’ve seen the writing on the wall: Crypto is the next wave. Because they are very keen on technological advances, including some of the most interesting digital assets in the world was, probably, an easy decision for them.

The company’s position on technology was also clarified by Mr. Fineberg:

“At CMC Markets we recognize the power of technology, so we continue to invest in a range of services to be a leader in this space. This is why we have taken proactive steps to ensure that we are the first trading company to fully utilize the potential of this software”

David Fineberg concluded saying,

“We are excited by how traders are engaging in the digital age, and the CMC Markets Skill we have developed is part of our ongoing strategy to enhance the overall experience of our clients by providing them with the information they need, when they need it.”

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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.

Image courtesy of Davidlee770924/Pixabay

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BTC Surged Above $9.5K, will it Continue to Explode Towards $10K?

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After declining as low as $8,600 on May 25, Bitcoin is currently gathering upward momentum and hit near $9,500, representing a 3.5% gain on 1 day. With the price breaking out once again, there is a confluence of signs suggesting BTC could rally past its monthly high of $10,000 in the near future.

However, Bitcoin has seen six lower highs in a row in the past 12 months, which indicates a bearish cycle spanning over a long period of time. If BTC fails to break above $10,000, it increases the probability of the resumption of a correction.

In addition, BTC may be showing a rough inverse head and shoulders pattern, which is regarded as a textbook bottom indicator. Therefore, if BTC failed to break $10,000 this time, it may drop to at least $6,800 to form the pattern.

As a result, we can predict that Bitcoin may soon perform a retracement after hitting the $10,000 and change its direction to the upside movement after retesting the support at around $6,800 – $7,100. So how can we profit from the upcoming huge price volatility? BTC futures trading

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Fireblocks Network Adds DigitalBits, Brings Enterprise-Grade Security to Branded Cryptocurrencies

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DigitalBits, a blockchain protocol and network layer designed for consumer digital assets, is being added to the Fireblocks Network, the most secure digital asset transfer network for institutions, to deliver a safe and scalable infrastructure for the storage and movement of XDB tokens. Integrating the DigitalBits blockchain with the Fireblocks Network enables enterprise-level security support for branded cryptocurrencies.

Branded currencies, inclusive of loyalty and rewards points, and the emerging subcategory of branded stablecoins, account for billions of dollars in value, and have played a vital role in driving consumer behaviour.  As these assets begin the inevitable shift to tokenization, Fireblocks’ novel approach to securing digital assets will prove invaluable to corporate and consumer adoption.

Fireblocks’ Network utilizes a defense-in-depth approach to securing digital assets, combining multi-party computation-based cryptography (MPC) with chip-level isolation technology. This removes the single point of failure from the key-management process and enables hardware-based authentication for counterparty transactions.  Fireblocks innovative approach addresses common attack vectors: cyber attacks, internal fraud and human error, while reducing reliance on archaic, time-consuming practices such as test transfers, whitelisting and hardware wallets.    

“DigitalBits is the first blockchain-focused on servicing branded cryptocurrencies to join the Fireblocks Network” stated Michael Shaulov, CEO & Co-Founder at Fireblocks.  “We are looking forward to assisting…

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RoFX Review – Simplified Trading for Beginners

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RoFX Review
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Developed in 2009, RoFX was tested in the world currency market and started offering successful bids with excellent profits from 2010. It is an EA with a proven AI that provides a fully automatic trading solution. The robot is ideal for beginners who do not have much knowledge or experience in forex trading. Here is an honest review of RoFX based on the information gathered from myfxbook and top forex robot review tests.

How to Get Started with RoFX

You need to know that RoFX is not available for download. However, you can open an account for free on the robot’s official website rofx.net.  After logging in, the trader can choose from the packages available. A trader should select the package which seems to be the most convenient. 

The bigger the deposit, the less of a percentage is paid as performance fees. The trader also has the higher share in the daily trading profit. Daily profit is calculated as 0.38%. There is loss coverage guarantee.

The following packages are available:

  • Trial
  • Easy start
  • Moneymaker
  • Gold
  • VIP
  • VIP PAMM

You may view the details of the packages in the…

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