Fiat-to-Crypto ‘Carry Trade’ May Tempt Traders Tired of Negative Interest Rates

With the era of negative interest rates well and truly here, return-hungry investors may increasingly borrow in low-interest fiat currencies and invest in higher-yielding cryptocurrency accounts. “The fiat-BTC carry trade is the next step in bitcoin growth,” tweeted popular bitcoin quant investor @100trillionUSD on Oct. 10. A carry trade is a strategy where a trader uses a […]

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Top-20 Coins Trade Sideways, Bitcoin Trades Around $8,200

Monday, Oct. 21 —  After turning green earlier in the day, cryptocurrency markets have been trading sideways, with Bitcoin (BTC) continuing to hover around $8,200, according to the data from Coin360. Cryptocurrency market daily overview. Source: Coin360 The leading coin, Bitcoin, is down 0.39% over the past 24 hours and is trading at around $8,186 […]

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Mahatma Gandhi Would Oppose India’s Ban on Cryptocurrency

India’s finance minister and reserve bank governor both cautioned India against embracing cryptocurrency this week. Their reasoning? It’s what authorities in other countries are telling them. But the father of modern India, Mahatma Gandhi, would oppose India’s ban on cryptocurrencies like bitcoin if he were alive today. Here are three reasons why. 1. Gandhi Envisioned […]

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A Trading Revolution by 50x.com: Incredible Technology is Changing the Way We Think About Trading.

The world’s first and only cryptocurrency exchange with the Any2Any technology has successfully completed beta testing of the third version of the quantum trading core with a built-in liquidity flow that will completely change the notion of exchange trading. Surprisingly, all modern exchanges, like hundreds of years ago, still use fixed trading pairs, which are […]

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Libra Could Drop ‘Basket’ and Issue Individual Fiat Stablecoins

The Facebook-led Libra project may consider a fundamental change to the way its planned global payments system will operate, according to its chief. Speaking at a banking seminar, according to a Reuters report on Sunday, co-creator of Libra David Marcus said that the firm could consider dropping the currently planned “synthetic” stablecoin – which is […]

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Minister Says India, Like Other Nations, Extremely Cautious on Libra

Finance Minister Nirmala Sitharaman has said that India — like many others, in his view — is showing a high degree of caution in regard to Facebook’s Libra. During last week’s 2019 Annual Meetings of the International Monetary Fund and the World Bank in Washington, D.C. — which included a discussion of the Libra project […]

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