Tom Lee Explains Why Consensus 2018 Didn’t Boost BTC Prices

Consensus 2018

The NY Consensus 2018 has become the most important and expected event in the crypto ecosystem. The best projects, authorities, and influencers gathered together last week to share ideas and make announcements that could potentially revolutionize the industry.

Many expected that during the week, Bitcoin price would rise as a result of increased market confidence. Such an approach would be logical, as, in previous years, cryptos followed this behavior.

One of the first to talk about this pattern is Tom Lee, CEO of Fundstrat. In an interview for CNBC, he was quite optimistic about ...

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PR: eToro Announces Expansion Plans

eToro Announces Expansion Plans

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

– Launch of a crypto exchange and wallet –
– Bringing crypto offering to the U.S. market –

Global investment platform eToro has today announced plans to expand its cryptocurrency capabilities and subject to regulatory approvals will launch an exchange and a digital wallet. eToro will also bring its cryptocurrency offering to the United States, launching the platform to U.S. customers later this year under the leadership of the newly appointed U.S. Managing Director Guy Hirsch.

Yoni Assia, Co-founder and CEO of eToro, said: “We believe that in the future all assets will become digitised. This will help to open the markets to everyone and enable them to invest in the assets they want in a simple and transparent way. Crypto is the first step on this journey and we are excited to share our plans to launch an exchange and wallet.”

The announcements made today at Consensus 2018 in New York, follow the news in March that eToro had completed its Series E funding round, raising $100m USD to accelerate its global expansion and the development of blockchain technology to support the digitisation of assets. The platform enables people to invest in the assets they want to own from cryptocurrencies though to traditional assets such as commodities.

Yoni Assia, commented: “An exchange and wallet are important additions to our crypto offering and we know that both have been eagerly anticipated by our customers.”

eToro currently offers ten cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO and EOS) with plans to add more coins over the coming months. eToro’s cryptocurrency to cryptocurrency exchange will launch later this year enabling customers to trade coins.

The wallet will be launched as a phased rollout with select customers participating in beta testing to ensure that eToro provides an app which best meets its customers’ needs. The wallet app will be available to download on the App Store and Play Store and will work across multiple platforms and in multiple languages. It will enable users to hold multiple cryptocurrencies and tokens.

Since launching in 2007, eToro has built a global community of more than ten million investors across 140 countries. Guy Hirsch has been appointed US Managing Director responsible for bringing eToro’s cryptocurrency offering to the United States. Guy previously served as Director of Innovation Strategy at Samsung and has extensive experience across digital transformation and unified commerce.

Guy Hirsch, USA Managing Director, eToro, said: “eToro empowers investors with a platform that gives them access to the assets they want, shared knowledge and ease of transaction. We know that there is a strong demand in the U.S. for crypto and we are excited to be able to offer U.S. investors the opportunity to learn about and invest across multiple cryptocurrencies.”

eToro will offer U.S. investors three ways to access the crypto markets: manually invest in a coin, automatically copy the trades of other traders on the platform to benefit from their knowledge and investment expertise, or invest in a Crypto CopyFund which provides a diversified portfolio of major crypto assets.

From today, U.S. investors can visit eToro.com to join the waiting list ahead of the launch of the U.S. platform later this year.

ENDS

About eToro
eToro empowers people to invest on their own terms. The platform enables people to invest in the assets they want, from cryptocurrencies to commodities. eToro is a global community of more than ten million people who share their investment strategies; and anyone can follow the approaches of those who have been the most successful. Users can easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want.

eToro is regulated in Europe by Cyprus Securities and Exchange Commission and regulated in the UK by the Financial Conduct Authority. www.etoro.com

Contact Email Address
https://www.etoro.com/about/contact-us/
Supporting Link
www.etoro.com

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Consensus Summit 2018; It’s Not All Positive

Consensus 2018 Updates

Consensus 2018 Updates: The Consensus summit is an industry event famed for creating excitement and price hikes in the cryptosphere. However, while there was much positive news to write home about, the Consensus also shed light on some not-so-encouraging opinions and facts. Here are some areas of concern to take away with you from this years summit…

Prices Fell

Bitcoin price fell again on Tuesday – right in the middle of the summit. This could be attributed to the differing opinions from highly respected figures, which were on display at the Consensus. The conference has so ...

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Consensus 2018 Highlights – Don’t Let This News Pass You By!

Consensus 2018 highlights

Consensus 2018 has come to an end. Instead of feeling upset, now is the time to reflect on all the news that various organizations announced. So, without further adieu, here are some Consensus 2018 highlights.

Consensus 2018 Highlights

Regulation at Consensus 2018

Regulation and the crypto industry go hand in hand. Therefore, it wasn’t a surprise that crypto regulation was discussed at Consensus 2018 and NYC Blockchain Week.

During a panel, it was announced that while United States regulators are continuing to look into virtual currencies and ICO’s, there is no plan ...

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Investment Platform Etoro Launches in the US with 10 Cryptocurrencies

Investment Platform Etoro Launches in the US with 10 Cryptocurrencies

Social trading platform Etoro is expanding into the US. Pre-registration has already begun. Initially, 10 cryptocurrencies will be offered, but the company plans to add more throughout the year. The company’s crypto business has boomed in recent years, with 70% of its users reportedly trading cryptocurrencies.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Etoro Launching in the US

Social investment platform Etoro has announced that it is expanding into the US market. CEO Yoni Assia unveiled the company’s plans at the Consensus conference on Tuesday. According to the announcement:

The launch will initially enable U.S.-based users to invest in 10 cryptocurrencies, with more to be added throughout 2018. Users will have access to a community feed and tools, letting them engage in conversations about cryptocurrencies and follow the investment strategies of other U.S. users.

Investment Platform Etoro Launches in the US with 10 CryptocurrenciesLaunched in 2007, Etoro is regulated in Europe by Cyprus Securities and Exchange Commission and in the UK by the Financial Conduct Authority. The company says it has more than 10 million registered users across 140 countries in Europe, Asia, and Australia, with an accumulated capital funding of more than $162 million. Currently, its website shows 247,387,974 open trades on the platform.

Assia commented, “Etoro will continue to focus on simplicity and user-friendliness so that more diverse groups will feel welcomed into the global crypto community.”

Pre-Registration Begins for US Users

The company explained that US users can join the waiting list for the platform starting on May 15. “Users will be able to experience the interface and perform mock cryptocurrency investments via a virtual portfolio,” its announcement details, adding:

The 10 cryptocurrencies that will be initially available are: bitcoin, ethereum, litecoin, XRP, dash, bitcoin cash, stellar, ethereum classic, NEO, and EOS. Etoro intends to integrate several more cryptocurrencies throughout 2018.

Investment Platform Etoro Launches in the US with 10 Cryptocurrencies“The platform will offer U.S. investors three ways to access the crypto markets,” Etoro described. The first way is “by manually investing in a coin.” The second is “by automatically copying the trades of other traders on the platform to benefit from their knowledge and investment expertise.” The third is “by investing in a Crypto Copyfund which provides a diversified portfolio of major crypto assets.”

A Copyfund is Etoro’s investment product aimed at helping investors minimize long-term risk, its website states. “Once you invest in a Copyfund, your capital is professionally managed by Etoro’s investment committee. Each Copyfund’s performance is analysed in depth and rebalanced automatically to maximise its gain potential.”

Etoro’s Booming Crypto Business

In January last year, the platform added cryptocurrencies. According to Fortune, “In recent years, the company’s crypto business has boomed with 70% of its users trading digital currency.”

Investment Platform Etoro Launches in the US with 10 Cryptocurrencies
Yoni Assia.

In an interview with the news outlet, Assia predicted that Etoro’s “unusual social media features would help it gain a foothold” in the US. “Those features let users create a public profile of their investments, which in turn allows others on Etoro to track and copy their trading decisions.”

Commenting on the crackdown by the US Securities and Exchange Commission (SEC) targeting tokens that resemble securities, Assia told the publication that he is confident “the digital assets Etoro plans to list are currencies not securities.” He expects Etoro will list as many as 15 tokens by the end of the year, the news outlet conveyed, adding that the company also “plans to open a global wallet and exchange service later this year that is aimed at institutional traders.”

Currently, the aforementioned ten cryptocurrencies are already being offered on the platform for non-US users.

Investment Platform Etoro Launches in the US with 10 Cryptocurrencies

What do you think of Etoro launching in the US? Let us know in the comments section below.


Images courtesy of Shutterstock, Medium, and Etoro.


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The post Investment Platform Etoro Launches in the US with 10 Cryptocurrencies appeared first on Bitcoin News.

ICO Project Polymath Is Trying to Buy a Stake In a Real Stock Exchange

If one announcement summarizes the ambitions of crypto project Polymath, it might be Wednesday's acquisition of the domain "Tokens.com" One of its several this week, it cuts to the heart of the project's aims to dominate the issuance of tokenized securities. But the plans go beyond just the acquisition of potentially popular domain names. In the […]

Litecoin News: Charlie Lee Talks Blockchain Inefficiencies at Consensus 2018

Litecoin News

Litecoin News: Litecoin (LTC) creator Charlie Lee sat down with CoinDesk at Consensus 2018 to talk CryptoKitties, blockchain inefficiencies, and money.

Litecoin News: The Problem with Blockchain is…

“Blockchains are inefficient by definition,” Lee stated. He explained that a decentralized system requires the replication of data, meaning that a whole bunch of computers have to keep track of all the data, rather than just one computer keeping track of it all. It requires a lot of extra work to keep things decentralized and this makes the decentralized systems less efficient when compared to a centralized system. ...

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Consensus 2018: NYC Blockchain Week Brings in $17 million

Consensus 2018

Consensus 2018 NYC Blockchain Week – After Bitcoin (BTC) catapulted in price at the latter half of 2017, the world began to take notice of cryptocurrency and its underlying technology the blockchain. At last year’s blockchain week, only 2,700 attendees were reported by CoinDesk. Yesterday, the final attendee count for the first day of the event was over 8,500.

Final attendee count for #Consensus2018: ~8,500

— Barry Silbert (@barrysilbert) May 14, 2018

Consensus 2018 is bringing in at least $17 million in ticket sales this year, as tickets were running $2,000 a ...

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