Friday, November 24, 2017

CryptoCurrency News: Brain Freeze? Parity Bug Continues With No Easy Solution in Sight

With $160 million in funds frozen on the ethereum blockchain, a search for solutions is ongoing – if not altogether promising so far.

via CoinDesk

Online Bank Swissquote Launches Bitcoin Exchange-Traded Product

Swissquote Bank, an online banking service, has launched a bitcoin exchange-traded certificate that it claims will curb the cryptocurrency's volatility.

The Bitcoin Active Certificate works by moving investor's holdings between bitcoin and U.S. dollars with the help of a machine learning algorithm that forecasts short-term market movements using technical indicators, buy/sell pressure and analysis of social media sentiment.

Swissquote said in a statement: "Our strategy is focused on reducing volatility by increasing the amount of cash held during periods of uncertainty and downturns. This lower-volatility strategy is intended to decrease volatility to help create more consistent potential returns in the long run."

The bank explained it will hold from 60–100 percent of the portfolio in bitcoin, depending on the level of confidence its bitcoin price prediction, while the remainder is held in U.S. dollars. Trading will be carried on the SIX Swiss Exchange, it added.

According to a Bloomberg report, Peter Rosenstreich, head of market strategy at the bank, said:
"Investors are excited about the cryptocurrency but are unnerved by its volatility. So we tried to build a trading algorithm that’s a protection against downside risks."

Notably, the new certificate isn't the bank's first foray into the cryptocurrency space.

Back in July, Swissquote announced a new bitcoin trading feature in partnership with digital currency exchange Bitstamp. The service allows customers to exchange bitcoin with euros and U.S. dollars through their accounts.

Source: CoinDesk

CryptoCurrency News: All-Time High: Ether Prices Pass $440 as Key Level Breached

Having hit a fresh all-time high of over $440 today, could high trading volumes push ether to new records over the weekend?

via CoinDesk

CryptoCurrency News: Hybrid ICO? Overstock's tZERO to Build Services Into Security Token

Overstock subsidiary tZERO is adding features to its upcoming security token, allowing investors to use the coin to purchase a handful of services.

via CoinDesk

CryptoCurrency News: Holding Strong: Failed Breakdown a Boon for the Bitcoin Bulls?

Despite a dip to below $8,000 overnight, bitcoin once again approached record highs today and is holding at over $8,200.

via CoinDesk

CryptoCurrency News: Dnata Taps IBM for Air Cargo Blockchain Pilot

Air services provider Dnata, IBM and others have completed of a proof-of-concept examining blockchain's potential in the Dubai air cargo industry.

via CoinDesk

CryptoCurrency News: Government of Bermuda Launches Cryptocurrency Task Force

Bermuda has launched a new working group aimed to advance the regulatory and commercial environment for token sales, cryptocurrencies and more.

via CoinDesk

CryptoCurrency News: Swiss Central Banker: Bitcoin Is 'More Investment Than Currency'

The chairman of Swiss National Bank said yesterday that he sees bitcoin more as an investment than a currency.

via CoinDesk

[FOREX NEWS] German IFO Business Climate beats – EUR/USD extends gains

Germany’s No. 1 Thnk Tank, IFO, was expected to report a minor dip in its headline business climate measure: 116.6 in November after 116.7 in October. The Business Expectations component was predicted to slide from 109.1 to 108.9. The Current Assessment measure was projected to pick up from 124.8 to 125 points. EUR/USD held its [...]

The post German IFO Business Climate beats – EUR/USD extends gains appeared first on Forex Crunch.

via Forex Crunch

[FOREX NEWS] ETH/USD break higher confirmed – can it challenge the peak?

We talked about how the price of Etherium was confined to a narrowing triangle and then how the break to higher ground was yet to be confirmed amid a double-top. Now, the break above uptrend resistance is confirmed, with the price of the crypto-coin leaving the old line behind. However, $410 is still a line [...]

The post ETH/USD break higher confirmed – can it challenge the peak? appeared first on Forex Crunch.

via Forex Crunch

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