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For cryptos like Bitcoin managing risk may be tricky, not impossible, here’s why

“We simply attempt to be fearful when others are greedy and greedy when others are fearful” Warren Buffet’s quote may sound like a cliche when discussing risk management in a crypto portfolio, nevertheless, it is true. Recently, on-chain analyst @DaanCrypto suggested risk management techniques for crypto traders in a long twitter thread. While these insights […] The post For cryptos like Bitcoin managing risk may be tricky, not impossible, here’s why appeared first on AMBCrypto.

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French and Italian Regulators Go After Unlicensed Crypto Services 

Cryptocurrency scams have continued to grow, and their influence is reaching even the farthest parts of the world. However, regulators worldwide are also improving their ability to track and apprehend these criminal enterprises’ operators. AMF Cleans Its Crypto Investment Space Earlier this week, Autorité des marchés financiers (AMF), France’s top financial regulator, sent out a list of investment companies operating within its borders without the proper authorization. While the companies provide investments in different asset classes, some are also linked with cryptocurrencies. Most notable among the crypto-linked scam sites is BitcoinFrance. Per the report, the company promises users free access to…

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CFTC charges 20 ‘crypto companies’ over false registration claims

U.S government agency, CFTC or the Commodity Futures Trading Commission, today charged 20 entities, among which some were crypto traders and exchanges,  for making false claims of having CFTC registration and National Futures Association (NFA) membership. These are mandatory registrations that allow exchanges to offer services related to trading in digital assets, derivatives, and forex in the U.S.  Out of the 20 entities, 10 firms allegedly claimed on their websites that they were registered with the CFTC. Per the report, these so-called exchanges had never been registered with the CFTC or the NFA in any capacity.   The report named the…

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Winklevoss Twins Think Bitcoin Could Reach $500k In The Future

The famous Winklevoss twins think that the price of the dominant coin Bitcoin (BTC) could reach half a million in the future. Named Tyler and Cameron, the twins have doubled down on the price of BTC in the future. The noted Internet entrepreneurs and crypto billionaires are again in the Bitcoin news as they believe that the weakness in the US financial system is what could mean that Bitcoin could reach $500,000 per coin in the near future. A post on the Winklevoss Capital blog on Thursday shows this in detail. The two set out how, while historically strong, there…

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Winklevoss Twins Think Bitcoin Could Reach $500k In The Future

The famous Winklevoss twins think that the price of the dominant coin Bitcoin (BTC) could reach half a million in the future. Named Tyler and Cameron, the twins have doubled down on the price of BTC in the future. The noted Internet entrepreneurs and crypto billionaires are again in the Bitcoin news as they believe that the weakness in the US financial system is what could mean that Bitcoin could reach $500,000 per coin in the near future. A post on the Winklevoss Capital blog on Thursday shows this in detail. The two set out how, while historically strong, there…

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Dave Portnoy Says He’ll Be a Crypto Millionaire by September

Davey Day Trader crowned himself the king of Bitcoin. Barstool Sports founder Dave Portnoy, a fresh player in the crypto trading arena, recently estimated that he will receive millions of dollars in upcoming Bitcoin (BTC) trading profits."I'm up 100 grand in Bitcoin — in a week," he said, noting positions in Ethereum and other crypto assets as part of an Aug. 17 video posted on Twitter. "I'm up like $98,000 in Bitcoin — not bad," he added. "At this rate, I'll make like a million dollars a month in Bitcoin." Portnoy has made a name for himself in 2020 as a…

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More Than 12,500 People Have Entered ByBit’s Million-Dollar Trading Competition

One person will beat all of them. Popular crypto futures trading platform Bybit is currently hosting thousands of participants for its World Series of Trading, or WSOT, competition. With roughly 12 days left before the competition concludes, 12,368 participants currently pursue 200 Bitcoin (BTC) in prize money, valued around $2.4 million, data from the exchange's WSOT page shows. Bybit unveiled its WSOT at the end of July, noting the event will occur twice per year going forward. On Aug. 10. traders threw their hats in the ring, seeking to secure the best profit/loss ratio, or P&L, prior to the event's completion on Aug.…

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New Kenyan Digital Tax to Affect Crypto Platforms

Kenya Revenue Authority (KRA) has announced new regulations that compel users of digital marketplaces to pay digital tax. At a rate of 1.5% on gross transaction value, the new tax is expected to take effect on Jan. 1, 2021. According to a report, the KRA will create a special tax unit to track and tax transactions using “data-driven detection.” Still, the report notes that “at this stage, the precise meaning of a digital market place and those who will be impacted by the digital tax is unclear.” Kenya’s Finance Act broadly defines digital marketplace “as a platform that enables the…

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Japan’s FSA Chief Says They Are Not Planning To Deregulate BTC Trading

Japan’s FSA chief says that the country has no plan in deregulating Bitcoin trading and that there’s no need to promote cryptocurrencies but working on CBDCs is a must so let’s find out more in the upcoming Bitcoin news today. In an interview with Reuters, Japan’s FSA chief said there were no plans to promote crypto trading but he did express a lot of enthusiasm for central bank digital currencies as the country is speeding up in creating one. The head of the Japanese Financial watchdog said that there should be more focus on central bank digital currencies than the…

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What I Learned After Losing $891 In Bitcoin Trading (in 4 Weeks)

Last July (2017), I entered the cryptocurrency world. It was relatively new for me, and I didn’t know much. After doing some research and finding so much optimism in the community, I threw a large part of my savings in Bitcoin in a lump sum. Bitcoin price kept increasing—and so did my money. Unfortunately, things took a bad turn starting mid-December. It went worse in January (2018). While I

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Bitcoin Trading For Beginners: 7 Deadly Mistakes You Are Making

With its price dipping and rising by as much as $1000 in just a matter of minutes, it’s hard to not dive into Bitcoin trading. After all, if careful, one can cut a decent profit margin by buying and selling at the right time during high volatility period. Bitcoin Trading For Beginners - Avoid These Mistakes Sadly, things are easier said than done. Bitcoin trading is indeed risky. No

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