• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Trade

eToro Market Update: Going Alt the Way

Guest Author by Guest Author
2 years ago
in Trade
Reading Time: 5min read
eToro Market Update: Going Alt the Way
Advertisement
Listen to Article

Hi Everyone,

They promised a splash and they delivered. The partnership between IBM and Stellar has taken their first step into the world of international bank settlements by onboarding six international banks as their first clients.

These banks will now have instant access to send payments across the stellar blockchain, either by using a stable coin or when appropriate using Lumens $XLM tokens, at a fraction the cost and exponentially faster than when using the current industry standard SWIFT system.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Lumens tokens rose more than 11% on the news before paring back this morning. In my mind though, this news is almost as big for $IBM as it is for $XLM. The computing giant taking its first significant steps into the massive market that is global settlements is indeed noteworthy.

Noteworthy, but perhaps not surprising given IBM is the top blockchain patent holder in the United States.

bitcoin, cryptocurrency, blockchain, ethereum, banks, trading, markets

The apparent success of the partnership with Stellar and XLM is perhaps a promising omen for IBM’s future in the space.

IBM’s shares did rise slightly yesterday and are now testing their highest level of the year. Of course, what many of our clients will want to know is, how does this affect Ripple?

Well, on the face of it, this would seem like good news. Ripple Labs is far ahead of Stellar in the number of banking partnerships they have and though having a competitor that’s teamed up with IBM may seem scary, in this nascent industry having healthy competition is probably a good thing.

@MatiGreenspan – eToro, Senior Market Analyst

Today’s Highlights

  • Banking Behemoth
  • Getting Faced
  • Alt Season Continues

Please note: All data, figures & graphs are valid as of March 19th. All trading carries risk. Only risk capital you can afford to lose.

Traditional Markets

European financial media can’t seem to get enough of the upcoming shakeup in the banking make-up. It seems that the two largest German banks are about to get hitched, with the authorities set to flag it through.

In an email from Bloomberg this morning, writer John Authers rips into a recent research paper that was published by Deutsche Bank, which is one of the parties involved in the impending merger.

bitcoin, cryptocurrency, blockchain, ethereum, banks, trading, markets

As Authers writes, this kind of action would take the concept of too big to fail to an entirely new level that he calls “too big to rescue.”

It would be good for the bankers, other than those who will lose their jobs of course, and would be bad for savers, who currently enjoy the competition. In short, the proposed merger could load some serious risks into the German banking system.

Stocks are up today and the German DAX index is leading the way higher…

bitcoin, cryptocurrency, blockchain, ethereum, banks, trading, markets

Faced

Facebook shares aren’t doing too well at the moment. As the NYT put it…

bitcoin, cryptocurrency, blockchain, ethereum, banks, trading, markets

Following the above article that was posted last Thursday, analysts have begun downgrading FB, and it’s now down 26.6% from its all-time high.

bitcoin, cryptocurrency, blockchain, ethereum, banks, trading, markets

Alt the Way Baby!

While green can be seen across the crypto market today, it is still important to remember that we’re not in a bull market just yet.

bitcoin, cryptocurrency, blockchain, ethereum, banks, trading, markets

Though prices are somewhat off the floor and green days are becoming more common, we still haven’t seen the telltale signs of a bull market just yet.

One of those signs is bitcoin’s 200-Day moving average, which is something we’ve been talking about here for a few months now. Fundstrat’s Tom Lee has now also placed a high importance on this indicator.

In this interview with CoinTelegraph yesterday, I explain what this is all about and why it’s important. Check it out now at this link.

Yesterday’s Altseason winner was Stellar Lumens, very likely connected with the announcement above, followed closely by Bitcoin Cash and Litecoin.

As always, many thanks to all of my readers out there. Very glad to get your daily feedbacks, questions, and insights. Keep up the good work!

About the Author: Mati Greenspan is a Senior Market Analyst at eToro

Connect with Mati on….

eToro: http://etoro.tw/Mati
Twitter: https://twitter.com/matigreenspan
LinkedIn: https://www.linkedin.com/in/matisyahu/
Telegram: https://t.me/MatiGreenspan
Office Phone: +44-203-1500308 (ext:311)

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC 
or any of its team members. NewsBTC is neither responsible nor liable for the accuracy of 
any of the information supplied in Sponsored Stories/Press Releases such as this one.

Image: Pixabay
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Guest Author

Guest Author

Related Posts

Crypto Roundup: January 4th, 2021

Crypto Roundup: January 4th, 2021

2 weeks ago
crypto market analysis

Crypto Market Analysis: 4th January 2021

2 weeks ago
crypto roundup

Crypto Roundup: December 7th, 2020

1 month ago
crypto market analysis

Crypto Market Analysis: 7th December 2020

1 month ago
trading fees, etoro

Don’t Get Hoodwinked by Hidden Bitcoin Trading Fees

2 months ago
copyportfolios

What Are CopyPortfolios?

2 months ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Changelly

Changelly

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

Bit.com To Launch Industry’s First BCH Options

January 20, 2021

NOWPayments Presents: Fiat Conversion

January 20, 2021

The Foundation for Economic Education Announces Two Major Gifts from Bitcoin.com Founder Roger Ver

January 19, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games
  • BUY BITCOIN

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.