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WATCH: eToro’s Guy Hirsch Discussing Libra on Bloomberg

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When you need to break down a complex issue, it’s best to ask an expert. eToro Managing Director, Guy Hirsch, appeared on Bloomberg TV to discuss Facebook’s Libra project and comment on the company’s first day of Senate hearings.

https://finance.yahoo.com/video/facebooks-marcus-did-great-job-223329542.html

In the segment, Hirsch praises Facebook’s blockchain lead, David Marcus, for the exemplary job testifying in front of the Senate Banking Committee. According to Hirsch, Marcus provided lawmakers with a clear and informed explanation of Libra’s role in the future of payments and the regulatory compliance framework it aims to work within upon launch.

eToro is a worldwide leader in pioneering the exchange of cryptoassets. As one of the first traditional online trading platforms to offer Bitcoin as a tradable asset, the company has quickly established itself as a leading innovator in the U.S. blockchain community.

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eToro Launches Sentiment-Based Portfolio for Crypto Investors

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eToro users can now invest in a professional-grade algorithmic strategy from The TIE

October 15, 2019 —  eToro, the leading global investment platform, announces the launch of TheTIE-LongOnly CopyPortfolio, offering users access to a sentiment-based, AIgo-driven investment strategy from The TIE, a cryptocurrency data analytics platform trusted by some of the largest traditional quantitative hedge funds as well as crypto-specific funds.

Guy Hirsch, US Managing Director of eToro, said: “In traditional markets, retail investors have historically lagged behind the ‘smart money’ when it comes to the data and tools available to them. This puts individual investors at a major disadvantage. In the spirit of crypto and decentralized technology, we believe that offering institutional-grade tools to every investor will level the playing field and democratize investing.” 

Cryptocurrency fundamentals are still maturing. They have no revenue, dividends or debt. As a result, social sentiment — people’s positive or negative perceptions — is a significant indicator of crypto asset  price movement. The Tie’s proprietary machine learning and language processing models ingest 850 million tweets per day, quantifying the positive and negative tone of conversations on Twitter. TheTIE-LongOnly CopyPortfolio strategy allocates based on positive sentiment, algorithmically rebalancing once per month.

Joshua Frank, CEO of The TIE, said: “eToro is well-known as a community where some of the smartest crypto traders share insights and strategies. We’re proud to offer investors of…

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Version 2.0 of eToro’s open-source programming language Lira developed to write options contracts

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8 October 2019: eToro, the global multi-asset investment company, has announced that Lira, the open-source programming language developed by eToroX Labs, has evolved to write options contracts on the Ethereum Blockchain for the OTC derivatives market.

Announced at a workshop at Devcon V, Osaka, on 8th of October 2019, Dr Omri Ross, eToro’s chief blockchain scientist demonstrated Lira 2.0’s new features, including writing options contracts. The Lira programming language, recently referred to* as one of the “most imaginative things happening in DeFi today” is one of only two such open source solutions on the market, and is all the more exclusive since it is formally verified.

Responding to the announcement, eToro CEO Yoni Assia commented: “eToro has long held the belief that we will eventually see all tradable financial assets tokenized. Lira, our open source programming language, is a step towards making this a reality, enabling the entire community to write and deploy secure financial contracts on Ethereum. The workshop where this was announced was a central event at Devcon, which is significant in demonstrating how the blockchain community shares our vision for open finance.”

Dr. Ross commented: “I am delighted to see the excitement of the community in response to this project. Developers will now be able to…

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Planning on joining the crypto revolution? What does it take to be a successful trader?

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The potential rewards that can result from successful crypto trading have led to a whole new type of trader entering the fray. Amateur and hobby traders have always been part of the market, but till recently, they constituted an insignificant minority. Yet a combination of new online trading tools becoming available and Bitcoin hitting the headlines for its meteoric rise in value a couple of years ago led to the world and his wife wanting a slice of the pie.

Fools rush in where angels fear to tread, and inevitably, many got their fingers burnt and withdrew a little wiser, and often a lot poorer. That’s not due to any inherent fault on the part of the markets – we all know they can go down as well as up. It’s simply a case of inexperienced traders making poor decisions.

As with anything in this world, doing a successful job demands the right tools. Here, we take a look at what an amateur trader needs at his or her disposal in order to hit the ground running and avoid those early mistakes that can be so costly. We will also look at one particular provider, eToro, which has recently entered the US market and seeks to provide a one-stop-shop that delivers everything you will need. 

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Crypto trading is all…

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