Coinigy has raised $400,000 in seed funding to develop an updated version of its bitcoin trading platform. The funding comes more than a year after the US-based startup raised $100,000 to offer traders real-time charts, news feeds and technical indicators. According to the startup, the new funds come from a single undisclosed angel investor. The capital will be used to hire additional developers as part of what Coinigy business development lead Derek Urben called the push toward the “2.0” version of the platform. Urben told CoinDesk: “I guess the biggest problem we have, which is a really good problem to have, is that we just quite literally don’t have enough hands to type up the code and enough bodies to do all this work.” Currently,…
Which is a better investment and trading option, gold or bitcoin? The Brazilians like many other countries seem to prefer the latter. The digital currency trading volumes in Brazil has exceeded that of gold in the past six months. According to reports, the total trade volumes of bitcoin on Brazilian cryptocurrency exchanges has surpassed the gold spot trading activity on Brazilian Securities, Commodities and Futures Exchange by about 7 percent. The trade volumes were calculated from the beginning of this year till the end of June. The total value of gold spot trades for the period of six months currently stands at around $44 million as against bitcoin’s $47 million during the same period. The rising trend in bitcoin trading is not just confined to Brazilian…
XTrade was launched back in 2003, so it has an enormous experience to offer to traders. The company is located in Cyprus and it is supported by the national financial controlling agency – CySec – which provided the firm an official license to operate from the market. XTrade offers foreign currencies, indices, and Bitcoin deals. It has an enormous learning section for new traders with poor skills and knowledge in the trading field. At XTrade, you can deal with Forex, Commodities, Indices, shares and CFDs. The company that holds XTrade has also provided 140 locations with a regulation program – including in Europe by FSA, in Australia, by the Australian Securities and Investment Commission (ASIC) and many others. There are two types of accounts to choose from in…
The upcoming Bitcoin halving has been a subject of great debate and excitement. While the block reward will be cut in half, the number of newly minted coins per day will decrease. Bitcoin miners, on the other hand, will earn less money, depending on how the Bitcoin price evolves. But so far, it seems like market movers are pushing the Bitcoin price down, rather than up. Bitcoin Halving Does Not Deliver On The Hype A lot of people assumed the Bitcoin halving would force the price upwards. However, that will not necessarily be the case. In fact, as we get closer to the block reward halving, the price of Bitcoin continues to dip even lower. This is not what most people had anticipated, although it is anybody’s guess as to why this is happening. What the upcoming…
Finding a perfect bitcoin or Forex trading strategy is of great importance for every single trader. Trying out various approaches can be exciting and thrilling for many of us, especially when you test it out and see that your strategy is performing well in the market. Surely, some strategies do fail, but what is important is that you continue to learn and explore. You will eventually discover a method that works for you. There are so many trading methods available to you out there and plenty of them look complicated and confusing, especially to beginners. Once you see cluttered charts, you might feel lost and unclear as to what to do next and how to proceed. Don’t worry. You are not the only one who goes through this. Luckily, there are simpler approaches to…