Libertex Launched Contract Trading in Bitcoin and Litecoin

Discussion in 'Bitcoin News and Press Releases' started by Libertex, Jul 13, 2017.

  1. Libertex

    Libertex ECZ Member

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    Cannabis stocks trading mixed on contradictory news

    Canadian cannabis stocks are trading mixed this Wednesday in a trend that has persisted since the beginning of the week when CannTrust's share price lost a further 5% following another scandal, this time involving one of its Ontario stores. This comes after the Canadian authorities announced that a probe of CannTrust's operations had revealed that the company was cultivating cannabis in unlicensed rooms at its Pelham, Ontario site. In an effort to draw a line under this scandal, the company dismissed two members of its executive management team who, it is alleged, were aware of the violation but failed to take action to halt the unlicensed production activities.
    Now the company is looking at a variety of potential solutions to the challenges it is facing including selling the business outright.
    In other news, some cannabis stocks received a boost in the form of reports that US company MedMen has become a major supplier of cannabis to the Californian market, boasting 17 retail locations in the state.
    Elsewhere, shares in Aurora Cannabis (ACB) fell after the company announced it had completed its $47.7 million acquisition of Hempco Food and Fibre Inc. Following the deal, Hempco will become part of the Canadian giant's Aurora Hemp arm whose focus will be the production of hemp-derived products.

    Our financial scouts believe that, as long as the news atmosphere remains contradictory, the cannabis market will continue to trade mixed. As such, they see shares in Canopy Growth (CG) up to $28.00, with Aurora Cannabis and Aphria (APHA) also rising to $6.50 and $7.00 respectively. Meanwhile, they predict potential share price drops for Tilray (TLRY) and Cronos (CRON) to $28.50 and $11.50 respectively.
     
  2. Libertex

    Libertex ECZ Member

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    European investors to take cue from positive Brexit developments
    European investors are expected to remain optimistic over the short to medium term in light of the recent good news regarding the potential outcome of Brexit. Their confidence in the potential to avoid a no deal British departure from the EU has grown amid reports that Northern Ireland's biggest party is finally prepared to make some concessions to the European Union. Although the claims were quickly denied, this was nevertheless interpreted as a signal that there is still some hope of a UK-EU agreement.
    Elsewhere, investors are anticipating a positive outcome from the October US-China trade talks, which they believe will finally bring about some sort of deal between the superpowers. And this optimism would appear justified following a fresh relaxation of trade policy from both sides. US President Donald Trump has already announced his willingness to consider a temporary trade agreement with China covering a wide scope of goods.
    Trump's comments came after China announced that it was exempting several categories of agricultural products (including soy beans and pork) from the list of US goods subject to tariffs.
    The markets received another boost in the form of a sharp uptick in oil prices. Global oil prices were up markedly following a drone attack on infrastructure belonging to KSA oil and gas company Saudi Aramco.
    Meanwhile, the ongoing political turmoil in Hong Kong will likely restrain European investors from stronger market activity amid fresh clashes between protesters and their opponents.
     
  3. Libertex

    Libertex ECZ Member

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    Libertex wins Best Trading Platform in the European CEO Awards 2020

    Top financial and business news magazine European CEO has chosen Libertex as the Best Trading Platform of 2020, as part of the prestigious publication’s annual awards for innovation in business.

    The highly coveted prize, handed to Libertex CMO Marios Chaillis in London, recognizes Libertex as the leading trading platform on the market today.

    Nominated for its high quality product and outstanding client service, Libertex has been operating since 1997 and currently offers the most cutting-edge platform for trading on the financial market 24/7. The winning platform is available as a web terminal or smartphone app, and stands out for its user-friendly design, fast and easy trading experience for beginners and veterans alike, and the security of client funds.

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    Libertex ‘‘Proud to be recognized as world leader’’

    Upon accepting the trophy, Marios Chaillis stated: “We couldn’t be happier to accept this award which acknowledges Libertex as the world leader among the wide range of trading platforms in the market. We are proud to be recognized for our constant effort to deliver the best trading experience to all of our clients, whether they are experienced traders or newcomers, who choose us as their guide to the exciting world of financial markets.”

    The European CEO Awards aims to highlight outstanding companies that are pushing the envelope in the business world, and the executives whose hard work and vision make such progress possible. Prizes are awarded according to the following categories: trading, finance, business, consultancy and outsourcing, technology and lifestyle.

    Over 30 international awards

    With this new award from European CEO, Libertex adds yet another triumph to its ever-growing list of accolades. The company previously cleaned up at the 2018 Forex Awards, scooping both the Best Trading App and Best Crypto Broker prizes. After more than two decades of experience in the financial markets, Libertex’s collection of international awards surpasses 30!

    Winners in the market and on the field

    With more than 240 trading instruments and over 2.2 million satisfied clients in 120 countries, Libertex is proud to continue to receive acclaim from esteemed international organisations such as European CEO, and most importantly, its customers.

    As well as offering top quality guidance to clients in the financial markets, Libertex is also a keen player in the sporting world as the Premium Plus Partner of Valencia CF and Getafe CF, top Spanish LaLiga football clubs, and lucky Libertex clients can enjoy the thrill of VIP accesses to the outstanding performances of these elite clubs in both the national championship and European competitions.
     
  4. Libertex

    Libertex ECZ Member

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    Libertex Group awarded ‘Best Trading Platform, 2020’
    and ‘Best FX Broker, Europe, 2020’ by Forex Report

    Libertex Group is proud to announce that top financial magazine Forex Report has awarded them two of its prestigious prizes for excellence in the finance industry.
    Nominated for the outstanding quality of its product and excellent customer service, Libertex provides technological platforms for trading on the financial market 24/7. The award-winning platform is available as a web terminal or smartphone app, and is consistently rated highly by both forex newcomers and veteran traders for its user-friendly interface, fast and responsive trading experience, and attention to security and client satisfaction.
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    Libertex CMO Marios Chaillis was happy to receive the awards from Forex Report, stating that: “At Libertex we are always striving for excellence in service to our clients and partners. We set out to build the best trading platform in the world and we are proud to be recognized by the experts at Forex Report. ”
    About the Forex Report Awards
    Forex Report is an industry-leading publication for financial professionals that serves as a hub for everything you need to know about the financial world. Each year, Forex Report’s team, in partnership with World Finance Banking Awards, recognizes the market leaders among brokers, traders, and technological innovators in the financial sector.
    The judging panel, which welcomes recommendations from professionals in the market, takes into account product quality, community contribution and customer service to present the Forex Report Awards to nominees who ‘‘have made the FX community a better place to be.’
    Proud holder of over 30 industry awards worldwide
    Operating since 1997, Libertex Group is no stranger to accolades, and the veteran broker now adds another trophy to a well-stocked cabinet. The dual awards from Forex Report come not long after Libertex accepted the Best Trading Platform in the European CEO Awards 2020. Previously the company was awarded Best Trading App and Best Crypto Broker 2018 at the Forex Awards. After more than twenty years operating in the financial world, Libertex can boast over 30 international awards.
    The killer app for all traders
    With more than 240 trading instruments available and a design that’s easy to use for new and experienced traders alike, it’s easy to see how the Libertex app continues to receive awards throughout the years. The trusted broker of over 2.2 million happy clients in 120 countries, Libertex pledges to stay at the forefront of the highly competitive financial market.
    Libertex also makes its mark in the football world as the Premium Plus Partner of Valencia CF and Getafe CF, top-tier Spanish LaLiga football clubs. Libertex clients have a chance to win VIP tickets to cheer on these elite clubs in both the national and European competitions.
    For more information on Libertex, the company’s platform, features or awards, don’t hesitate to reach out to [email protected]
     
  5. Libertex

    Libertex ECZ Member

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    Libertex signs a strategic partnership with FPM Global family

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    Libertex is pleased to announce that it is now partnered with Financial Partners Marketing Global (fpm.global) to offer top level services for all its affiliate partners. The agreement, already in effect as of the time of press, will see Libertex affiliates benefit from FPM Global’s expertise in providing bespoke marketing solutions for the finance industry.

    The top-tier trading platform for everyone

    Libertex is a fast, user-friendly trading platform that enables users to trade on the financial market 24/7 on the web or via smartphone app. The broker offers over 230 financial instruments including stocks, shares currencies, indices, oil and gas, precious metals and more. With over 20 years of financial market and online-trading experience, Libertex has won over 30 international awards, including two accolades for Best Trading Platform from Forex Report and European CEO magazine in 2020.

    FPM Global: marketing solutions for finance, forex, crypto

    FPM Global is a new affiliate company formed by industry leaders, with a mission to bring the best in affiliate marketing to every kind of financial enterprise. FPM Global’s other partners include StormGain, a trading platform specialized in cryptocurrencies. Libertex, which also supports several cryptocurrencies among other financial assets, is pleased to offer the benefit of FPM Global’s expertise in all sectors of the financial market.

    FPM Global and Libertex have confirmed that there will be a ‘seamless takeover’ for existing Libertex affiliates, who have been informed that their existing data, contracts and credentials will remain the same.

    Both companies are proud to welcome current and potential affiliates to the FPM Global community. For interested parties, the details about Libertex’s affiliate partnerships can be found here, and information on Financial Marketing Partners Global’s affiliate payment plans here.
     
  6. Libertex

    Libertex ECZ Member

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    Bitcoin & co., what are they ultimately for? Invest in Bitcoin halving expectation


    Eduardo Strecht Ricou, Libertex Senior Analyst

    I am often asked if I have a favourable or unfavourable opinion regarding the world of cryptocurrencies. I answer them with a question: “Do you know what Bitcoin is for?”

    They sometimes answer that they’re “not sure” what Bitcoin is for, but that they heard the neighbour screaming out the window that he had made money buying and selling Bitcoin.

    What is Bitcoin? A new revolution in the technological world

    I am not referring to artificial intelligence or robots, but yes, to the world of cryptocurrencies. Everyone has heard a lot about this type of active crypto, the most famous being Bitcoin, as well as others like Ripple.

    Bitcoin was created to make payments over the internet in a faster, safer and cheaper way, in addition to being a decentralized means of payment.

    Blockchain is the basis of all cryptocurrencies. Without blockchain, Bitcoin would not exist

    The subject is a bit technical. Blockchain is basically a global data book that contains all the reliable records, since all transactions are validated before a new block is composed. It is said to be so safe that it was even nicknamed “trust protocol”, that is to say, the reason for decentralization, in other words, that no one regulates or controls it. It is expandable, simply validating the data and records that are protected by advanced cryptography, not allowing the source data to be removed, revised or modified.

    As it is a new technology, there is still much to explore and develop. The time of transactions must decrease. The validation of data, the lack of supervision and regulation can be seen as very libertarian, as well as a great danger, because users aren’t endorsed or protected by any corporation, public entity or state in the event that something bad happens, such as a hack.

    Bitcoin mining involves the use of different equipment and media

    The crypto miner has a complex job ahead. For Bitcoin mining, machines and computers with a high capacity are needed. Consequently, the energy cost to keep the machines running all the time in order to obtain tokens is very high.

    To mine Bitcoin, we need computers like the ASIC, more commonly known as Antminers, which offer a fairly high TH/s rate compared to graphics cards (GPUs). The first problem is its very high acquisition price, with an average cost of around $2,000. It is clear that technological advances and new solutions will reduce the cost of acquisition in the future, forcing the manufacturers of these pieces of equipment to improve their machines every day. All this for important events such as the one we are facing with Bitcoin, the halving.

    In a nutshell, the halving process is nothing more than halving the value of Bitcoin.

    What is the meaning of the halving of the Bitcoin block?

    Halving decreases the number of new Bitcoins generated per block. This means that the supply of new bitcoins is less.

    In trade, lower supply with stable demand generally leads to higher prices. Since halving reduces the supply of new bitcoins, and demand generally remains stable, halving has generally preceded some of Bitcoin's biggest hikes. In 2012 and 2016, we had two halvings. The idea was developed to have programmed currency issuance and decrease over time, and that is why the cut in the miners’ reward is applied.

    Halving has an impact on bitcoin mining, and by cutting the reward for mined blocks in half, the profitability to maintain the equipment is affected due to the drop in miners’ income.

    The processing power of the Bitcoin network will undoubtedly increase with the halving event and the arrival of new miners on the market, equipped with chips that can provide greater power and efficiency. This is something that we will see more frequently after 12 May, next halving date.

    There is a hypothesis that miners and mining groups will disconnect their equipment due to the losses that the halving event would cause. However, as we already mentioned, this cut in the issuance of coins could cause a price increase, such that it manages to balance economic calculations. However, there is a fair bit of doubt about how long it will take for the Bitcoin price to rise.

    Therefore, since I don’t consider Bitcoin to be an asset, I also don’t need to consider the traditional and common currency that allows me to buy a coffee in the morning, without having to worry about the sudden change in value in relation to the US dollar.

    Bitcoin is more than everything in its romantic essence: a decentralized, fast and secure digital payment method accessible to everyone

    As I explained above, the cost of the miner can be very high. Therefore, the commissions as a percentage of the value of Bitcoin is what will create the solution to trade in the unregulated system of Bitcoin, so that miners are rewarded for their crypto services. With the cost of energy entering the equation, it is necessary to have the equipment in continuous operation.

    According to a study carried out by the Dutch bank ING, 211 kWh are consumed to validate a BTC transaction. Said consumption has the capacity to supply a home for one month; hence, the electric bills of those who mine BTC are very high.

    So, if the miner keeps half of his Bitcoin in the halving, with the high energy costs and the maintenance of his machines for the processing of Tokens, only the miner will survive if the price of Bitcoin rises and rebalances the mining cost; although today you can mine Bitcoin in Cloud Mining. This allows you to execute the extraction process without requiring the use of so many resources. Cloud mining is simpler: with a home computer and internet, we can connect to the cloud and process the algorithms remotely without the need for a machine (hardware), since it is a third party that supplies the machine to us. But alas, it is not profitable, even if it the energy costs are reduced for the machines.

    Traders and investors therefore have the opportunity to buy and sell Bitcoin, but be aware that the idea of listing Bitcoin greatly undermines its initial concept, the introduction of many speculators and the absence of more consistent news in the crypto world, brings a lot of noise and volatility to the cryptocurrency markets, removing the stability factor that is so necessary to a global currency for the exchange of goods and services on the planet.


    After the crypto fever in 2018, we witnessed a correlation between Bitcoin and gold, from April to November 2019. The theory was that Bitcoin is just like gold. It does not have any yield or interest rates, and is used by large investors as an instrument for diversifying portfolios by risky assets. Some analysts have come to place Bitcoin as a protection instrument against turbulence in the financial markets.

    What really happened in these last four months leads me to the conclusion that there is no correlation with gold, or with anything, for the simple reason that it is a digital currency, and what drives the price is more than just the news: if the Libra project goes ahead on Facebook and Bitcoin is dethroned. After the quarantine period, globalization will slow its pulse; will we return to regional and local trade? This would not be very positive for Bitcoin. The new needs created by the virus are increasingly launching us into the digital world. Will this be positive for Bitcoin?

    There are some issues we may have to tackle in the uncertain months coming up ahead of us, as well as new solutions and inventions or opportunities.

    But beware, Bitcoin is not the dollar, nor will it be in the coming years, and there are three reasons for this

    The first: to relaunch the economy, the states and central banks must continue on a path of expansion and growth, and that implies the issuance of money, a lot of money.

    The second reason is that in these last few months, the dollar was highly effective in solving merchandise payments with the planet practically all locked up at home.

    The third reason is the very high volatility, although after the collapse in early March, Bitcoin managed to recover up to $7,500. That being said, I don’t see it taking off like gold. Seeing the dollar, by measurement of the dollar index (basket of six currencies against the dollar), with a very stable trend and reduced volatility, is more than essential in times of great turbulence in the financial markets, and when facing total uncertainty of the near future.

    In short, I believe in the concept as an investor, it is very attractive for the future, but there are risks of price volatility, of being new, of being dethroned by the Facebook Libra, or of not being accepted and used on a large scale for the payment of goods and services. For the traders, it is very important to follow up on the news that has a great impact on the price of Bitcoin, just as the analysis of graphics helped us understand how the public reacted to Bitcoin at certain moments in the market.

    Don’t miss the chance to buy Bitcoin now before the halving with Libertex.
     
  7. Libertex

    Libertex ECZ Member

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    Tottenham Hotspur Announce Multi-Year Partnership With Libertex
    Libertex has become the Official Trading Partner of Tottenham Hotspur.

    Driven by their determination to be the best, this partnership will showcase the progressive outlooks and commitment to continued improvement that enables Libertex and Tottenham Hotspur to perform at the highest level in their respective fields. Since 1997, Libertex has been at the forefront of cutting-edge developments in the trading markets, with the company’s innovation rewarded with over 30 prestigious industry awards. In keeping with their club motto, ‘To Dare Is To Do’, Tottenham Hotspur adopts a similarly pioneering approach in the modern game, investing in the latest technological developments to help deliver on-pitch success, epitomised by their world renowned, state-of-the-art stadium.

    Spurred on by their ‘Trade For More’ ethos, the partnership will allow Libertex to share their love of the game with over 2.2 million of its international clients, offering a host of unique and exciting rewards, including exclusive events and premium matchday experiences at the Tottenham Hotspur Stadium, when fans can safely return to stadia. Libertex will also have a presence across the club’s digital channels and LED perimeter advertising system on matchdays.

    Marios Chailis, Chief Marketing Officer at Libertex said: “Libertex could not be happier to partner with a team whose values echo our own so perfectly. Through this multi-year partnership, we’re thrilled to join the worlds of football and trading in the form of many exciting benefits for our clients and look forward to cheering on Spurs when they return to the pitch.”

    Tottenham Hotspur Head of Partnerships Fran Jones commented: “At Tottenham Hotspur, technology and innovation is key to everything we do and we are excited to partner with Libertex, an organisation that shares this commitment through its own products and services.