Litecoin, which began trading as a cryptocurrency in April 2013, has long been in the top-10 cryptos in terms of market capitalization – mostly because it is one of the earliest and most successful Bitcoin derivatives. The Litecoin project, launched in October 2011, was created by Charlie Lee, who back then was a Google software engineer. He would spend his spare time tweaking the original crypto Bitcoin’s open-source code. His grand plan was to develop
Boasting a community of over eight million people, eToro is one of the leading global trading and investment platform – and it specialises in cryptocurrencies. Although there are more than 1,200 assets to trade on eToro, which was founded in 2007, it is in the crypto space that it is particularly popular. The innovative platform began offering Bitcoin in 2014, and at the time of writing – mid 2018 – eToro has 10 cryptos available to buy outright. These are as follows: Bitcoin; Bitcoin Cash; Ethereum; Ethereum Classic; Dash; Ripple; Litecoin; Stellar; NEO; and EOS.
The motto at eToro is “Cryptos Needn’t Be Cryptic” and the team are always trying to educate users about cryptocurrencies, through blogs, videos and other helpful resources. And to make trading even more straightforward eToro has two pioneering tools – CopyTrader and CopyFund – that are game-changers for crypto investors of all levels. The first, CopyTrader, allows users to match top traders automatically, and is perfect for those users who are unsure about what cryptos to invest in. Over time, and by monitoring the top traders’ strategies, eToro clients can build up their trading experience and confidence. The second allows users to diversify their portfolio immediately – the Crypto CopyFund is powered by artificial intelligence and regularly rebalanced.
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- Straightforward, user-friendly, trustworthy and experienced platform
- Instant execution of trades, thereby locking in a price
- Ability to use CopyTrader and other innovative tools
- Huge cryptocurrency community that shares knowledge and helps each other
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- Regulated company
- Only 10 cryptocurrencies offered by the platform, currently
- Users are unable to withdraw the cryptocurrencies directly
- Users’ cryptocurrencies are held by eToro
Buying cryptocurrencies is not appropriate for everybody. Cryptocurrencies are not regulated. They are not backed by governments or central banks. Cryptocurrencies are backed by technology and trust. You will not benefit from the protections available to clients receiving regulated investment services, such as access to the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service (FOS) for dispute resolution. You are at risk of losing all of your invested capital.
Bitcoin proponent and former Goldman Sachs trader Mike Novogratz has inked a partnership deal with Bloomberg to launch a cryptocurrency index platform. Novogratz’s Galaxy Digital Capital Management LP and Bloomberg will establish the Bloomberg Galaxy Crypto Index (BGCI). The index service will provide trusted asset tracking for 10 of the most liquid cryptocurrencies in the market. The Bloomberg Galaxy Crypto Index The BGCI is part of the Bloomberg Index Services Limited catalog and is administered
The world of crypto trading is extremely exciting and those who are able to do it well are seeing far greater returns than any stock market day trader has been able to accomplish in the past. That is because this new and innovative industry has hit the open market very suddenly and allowed virtually anyone to get involved from the ground floor. Keep in mind that blockchain technology and the infrastructure of the crypto-market are
The cryptocurrency and blockchain revolution are no longer just buzzwords. They are real-world phenomena that have impacted the global economy and have the potential to generate great changes in both the high tech and financial industries. Joining the crypto space mid-2017, EOS.IO, developed by Hong Kong-based company block.one, is a fine example of a blockchain entity that has the potential to impact both industries. Launched in July, 2017, the EOS cryptocurrency is the token used
The blockchain revolution has introduced many new practices into today’s world, most notably, cryptocurrencies. As with most new technologies, the blockchain and crypto terminology is evolving and changing, with new phrases being coined constantly. Therefore, we’ve put together this handy glossary of technical terms that will give you a better understanding of the language of blockchain and help you master the jargon. Blockchain Glossary # A-C D-H I-M N-P S-W # 51% Attack – This term
NEO is the first Chinese cryptocurrency to gain global acceptance, and as a result, has generated huge amounts of interest – both in terms of investment and media coverage. Created by Da Hongfei and his company Onchain, it was originally launched in 2014 as AntShares, but rebranded three years later and enjoyed a breakout year. In 2017, NEO became one of the top-10 cryptos in terms of market capitalization, with its value rising by thousands of
After a noteworthy rally over the past couple of weeks, Bitcoin price and the cryptocurrency market made a sharp and fast corrective move on Tuesday night and all day Wednesday. eToro’s senior market analyst, Mati Greenspan, thinks he knows the reason why. Panic Selling or Profit Taking? Bitcoin and the bunch have finally put in a higher high, with a higher low also in the forecast — but what, exactly, stopped the market’s bull run
UK-based social trading platform eToro has announced it has completed a $100 million series E investment round showing conspicuous support from Asia’s big money. SBI Group Among eToro Contributors In a press release from March 21st, eToro, which currently offers nine cryptocurrencies for investment along with a raft of traditional assets, unveiled China Minsheng Financial as the leader of the funding round. Other participants included Korea Investment Partners, World Wide Invest, and Japanese giant SBI Group,
Nine million users have flocked to global trading and investment platform eToro. What exactly is so appealing? The great sense of community and user-friendly interface are big pluses, according to a number of customer testimonials. Housewife-turned-trader Lena Birse (‘Onegirl’ on the platform) admits to having “no financial background” yet enjoyed a 36 percent gain on her eToro investments in 2017, and is now a Popular Investor (PI) on the site. “What I love about eToro
Daily Market Updates by Mati Greenspan
eToro’s Senior Market Analyst
EOS is by far the largest Initial Coin Offering (ICO) in the history of cryptocurrencies. Having raised more than $3.5 billion, it promises to become an extremely fast and scalable blockchain protocol with zero transaction fees. Even though the EOS main-net has not gone live yet, many believe it has the potential of becoming a standard for decentralized applications that require fast, secure and free interactions between their users. If Bitcoin is digital gold and
Dash, is short for “Digital Cash”, and it aims to become exactly that. A pioneer in the crypto industry, Dash’s protocol is modeled after Satoshi’s original blockchain and adds a few unique features for maximum speed, privacy, and lower transaction fees. Thanks to these innovations, Dash has the potential to become a true standard for transactions between individuals in a decentralized and secure manner. Not only is this one of the most well-established cryptos in
This is it. After months of wheeling and dealing in the UK government, Prime Minister May’s showdown with her own party comes to a head this evening. They’ve already decided that parliament should have a say in what Brexit will look like. Today we’ll get a better understanding of what level of authority that “say” will carry. In other words, do they have an advisory role or are they the decision makers. Opponents of the
Financial markets appear to be reacting to the latest escalation in the trade war between the U.S. and China. It now appears that the United States may have the upper hand due to the wide trade imbalance between the two nations. Indeed, it would be very difficult for the Chinese to find $200 billion worth of US imports to curtail. Under the circumstances, I guess you could say that markets are holding up pretty well, as we’ll see below.