Huobi Launches New Australian Crypto Trading Platform

Huobi, the Chinese cryptocurrency exchange platform, has confirmed that its new Australian cryptocurrency exchange will begin trading today on July 5. Trading pairs will be phased in throughout Thursday from 10 AM Sydney time.

The Australian cryptocurrency exchange will initially offer 10 pairs including points like Bitcoin, Ethereum, Ethereum Classic, Litecoin, and Bitcoin Cash. Huobi plans to open more trading pairs in the near future according to the recent announcement.

Major cryptocurrency exchanges like Binance, Coinbase and Huobi are pursuing the expansion of other exchanges in order to better accommodate a vast global investor base.

Crypto traders are increasingly more knowledgeable and sophisticated, in order to match the regulator interest in order to safely develop the crypto marketplace. For Huobi, the move to Australia is a great fit as they seek to partner with a growing number of Australian blockchain projects in order to help pursue the maturing market.

The exchange plans to contribute to the overall expansion of blockchain within their local economy via their investment subsidiary company Huobi Capital.  The investment company plans to invest $200 million of their Global Ecosystem Fund to new and upcoming blockchain companies.

Huobi Launches OTC Cryptocurrency Exchange in London

Huobi, the Chinese cryptocurrency exchange confirmed today that they’ll be opening an office with over-the-counter (OTC) trading set to begin in the third quarter of this year.

The crypto exchange, which claims to have a global user base of over 5 million, continued its narrative to expand into Europe as a priority, establishing London as its new base of operations.

Huobi set its sights on London as being the major location getaway above all others.

A representative from the exchange stated, “London was deliberately selected as the first office in Europe due to its authority as a global financial center. The region has an active blockchain community in fast developing market”.

This move follows similar decisions with other major industry exchanges like Binance, who decided to relocate one of their offices to Malta back in April.

Huobi’s presence in London will also provide improved access to European financial markets as well as enable UK-based blockchain in crypto startups to benefit from their Huobi Labs and the Huobi Ecosystem Fund.

At the time of this release, Huobi is the third largest cryptocurrency exchange in the world trading over 500 million in daily trade volume according to CoinMarketCap.

Bloomberg Terminal Lists Crypto Index from Huobi

Bloomberg-Terminal-Lists-Crypto-Index-from-Huobi

The paid financial monitoring service, Bloomberg Terminal, has now listed the cryptocurrency exchange Huobi Cryptocurrency Index according to press release on June 21.

Nine cryptocurrency trading pairs will also be listed on Bloomberg terminal such as Tether (USDT), including Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), EOS ,Dash, Ethereum Classic (ETC), and ZCash.

The addition to the Bloomberg Terminal is a mark that cryptocurrency has now entered the mainstream financial marketplace. The CEO of Huobi Group, Cheng Huixin, stated that the listing reflects the overall trend of the market. These crypto investments are now, more than ever, considered a mature and rational investment method.

Huobi is the third largest cryptocurrency exchange in terms of trading value according to CoinMarketCap. It currently produces over $570 million in trades over the last 24 hours of this press release.

In June, Huobi announced the development of their US cryptocurrency trading platform, HBUS, which will be created in San Francisco. The exchanges also reported that their launching a public blockchain called the Huobi Chain Project which currently has a $100 million development fund.

Huobi, 3rd Largest Crypto Exchange Creates US Cryptocurrency Trading Platform

Huobi, 3rd Largest Crypto Exchange Creates US Cryptocurrency Trading Platform

The world’s third largest cryptocurrency exchange volume, Huobi, just created a new cryptocurrency trading platform in the US as reported by Financial Magnates on June 8.

The new platform is based out of San Francisco and is appropriately called HBUS. The indicated preregistration date will start on June 10 and offering all users who sign up between the 10th and 14th a month of free trading without fees.

The official trading date is set for June 15 however if demand is overwhelming they may postpone the launch to a later date.

Huobi originally revealed its plan to open up a San Francisco office in January 2018. Huobi headquarters are located in Singapore but they have been looking to expand overseas for quite some time. They even announced plans to launch an exchange in London.

The US government currently places stringent demands on cryptocurrency exchanges as regulators have stated that all employees of these exchanges must be educated in Anti-Money-Laundering (AML) and Counter-Terrorism Financing (KYC). They will be required to pass an exam on the subjects before employment.

Huobi also entered a partnership to launch a $93 million China-South Korean investment fund for blockchain startups which will help encourage collaboration between the two countries.

Huobi, 4th Largest Exchange, Plans to Open Office in London

Huobi, 4th Largest Exchange, Plans to Open Office in London

Huobi, the large Beijing born crypto exchange, announces plans to open an office in London today continuing  its expansion internationally, as reported on April 18.

Huobi’s senior business development manager Chern Chung explains that the exchange wants to have a presence in the city because statistics show that London is the most active trading location across Europe.

Chung states that Huobi is seeking to go mainstream by being compliant with relevant regulations. “We are not afraid of regulation nor are we escaping it” proclaimed Chung.

Huobi is the 4th largest cryptocurrency exchange by volume, in the world, and was launched by Huobi Pro Global Exchange back in September 2017 after the Chinese government banned ICO’s and crypto-fiat exchanges.

Huobi Pro (South Korean subsidiary) revealed their plans earlier this year to open up an office in San Francisco. The plans for this office are still underway.

South Korean Exchange Huobi Opens Trading

South Korean Exchange Huobi Opens Trading

Huobi, the new South Korean crypto exchange, has officially opened trading  today according to the exchange on March 30.

The new South Korean exchange will support 100 altcoins as well as trading on 208 market (77 ETH markets, 98 BTC markets, and 33 USDT markets).

Huobi is also offering investors a protection line where they will be compensated for losses incurred which are outside of the exchanges control.

The global exchange currently ranks second worldwide by trading volume according to CoinMarketCap at the time of this press release. Its younger user base is also increasing faster than any other country since 2017.

Huobi is set to target overseas markets with a US launch to be released shortly.

South Korea’s estimated to have the world’s largest cryptocurrency user base following the US and Japanese markets. The country currently has over a dozen crypto exchanges and trades over 30% of altcoins above other mainstream markets.

Essential Cryptocurrency Trading Tools for 2018 & Beyond

Essential Cryptocurrency Trading Tools for 2018

Whether you’re looking to save up for retirement or just want to try your hand at compounding your income instead of it collecting digital dust in your bank account, then investing in cryptocurrency could be a great investment alternative for you.

Many people understand the fundamental idea of investing in crypto, but can the same methods translate over to trading? As you might’ve guessed, the two require very different ways of thinking and investing.

As far as the investing part is concerned, it all boils down to the fundamentals, like the technology and development team behind the project. Solid marketing and partnerships also play a major role when deciding to invest in a newer cryptocurrency or ICO. Other than that, HODLing seems to work well for most and can benefit you in the long run if you stay strong during the inevitable dips.

However if you’re looking to make money right now, you need a more short-term trading strategy…

This means you’ll be looking for more volatile, high liquidity cryptocurrency. The potentially lucrative nature of this digital asset, is a lot more volatile than traditional stocks or forex, which opens you up to a world of potentially high profit margins and risk.

That’s why cryptocurrency trading can get a bit complex and the reason why so many crypto traders need a wide variety of tools to help them navigate this newfound territory.

I’ve listed a variety of high end resources and tools that can help you improve your cryptocurrency trading success. Bookmark this page as you’ll most likely need to reference it throughout your crypto trading journey.

Welcome to the World of Cryptocurrency Trading Tools

 

There are a ton of tools out there used for a variety of purposes. You can use them in combination with each other, whether you’re investing or trading. Strategy is a huge part of cryptocurrency trading and so are the tools that you have in your arsenal.

Arming yourself with the right intel is everything when it comes to choosing the right cryptocurrency to trade or invest in. News sources will supply you with the most accurate and up-to-date information within the crypto sphere. Technical analysis will help you formulate a solid trading strategy off of the latest news.

If you end up choosing the right asset, at the right time, and formulate a congruent trading strategy, you’re halfway through the battle. So it’s very important to take your time and utilize these tools, to the best of your ability, in order to put all the odds in your favor.

Let’s start this list off with the most obvious choice…

CoinMarketCap

coinmarketcap-tools-cryptocurrencyYou can’t start a “crypto trading tool list” without mentioning this coveted resource. If you’ve spent more than five minutes within cryptocurrency ecosystem, I realize you’ve probably used this tool on many occasions by now.

This useful tool is your headquarters for all things cryptocurrency. It contains all the information you’ll ever need, on any cryptocurrency and exchange released to the public. Everything from graphs, official coin websites, social media information, market cap, exchanges that trade a particular coin you’re looking for, etc.

I’m sure you’re already very familiar with this tool by now, so let’s move on to the other goodies…

TradingView

tradingview cryptocurrency guide how toThis technical analysis trading portal contains anything and everything you ever wanted to know about the technical side of cryptocurrency like chart patterns, candlestick formations, as well as the most comprehensive list of charting tools and indicators you can find anywhere on the net.

This massive powerhouse of a site also contains a social media style platform where traders can share and discuss their charts and trading strategies. I can’t even begin to tell you how valuable this is.

Learning to trade from real trading experts and viewing how they set up their real life trading strategies is a powerful learning tool to add to your educational cryptocurrency trading arsenal.

TradingView is accessible from anywhere in the world and they even allow you to utilize their charts, drawing tools, and indicators for free. If you spend any amount of time on various cryptocurrency trading sites, you’ll notice that most of them, including reputable crypto exchanges, use TradingView charts.

If there’s one place that you want to learn more about technical analysis via plotting your own charts as well as learning from a network of professionals, TradingView is the place to be.

I could write an entire book on how valuable TradingView is, but I don’t think either one of us has the time for that.

DISCLAIMER: Coinigy is another widely used trading platform that many crypto traders use. I started out on this platform but find it to be extremely buggy and takes up a lot of your computer resources if you leave the chart up for too long. Their customer support isn’t that great either.

I highly recommend TradingView over Coinigy for serious traders. I’ll most likely write up a detailed comparison in the near future.

Moving down the list…

CoinTracking

cointracking info crypto track digital assets of coins bitcoin

Ditch those bloated Google spreadsheets and let CoinTracking do all the heavy lifting for you. Keeping track of your cryptocurrency trading activity is a rather daunting task this tool quickly eliminates for you.

The service imports your trades from 24 of the most popular cryptocurrency exchanges. Importation can be done via CSV files or API. Once all your trades have been imported, you can start analyzing your ROI and stay up-to-date with your profit loss ratios and resulting taxes.

This is the ultimate cryptocurrency tracking tool. I highly recommend it if you plan on trading more than a few times per month. Read more about the tool here.

Cryptocurrency News Sites

I suppose this isn’t so much of a tool “per se” but a place you want to frequent when you want to keep a pulse on the latest happenings within the crypto ecosystem. Look at it like your daily newspaper for stocks, which is absolutely essential if you want to keep up with your expanding investment portfolio or current trades.

Some of the more established sites are:

Cointelegraph
CoinDesk
CCN (CryptoCoinNews)

These news portals never post misleading information and are always the first to bring you the latest updates on the crypto world. There are many other sources like CryptoCoinJunky (shameless plug), where we filter through some the more important news releases of the day as well as provide you with trading guides, altcoin reviews, exchange reviews, and other useful information that will help you along your trading journey.

Sign up for our newsletter on the sidebar above (or below related news on mobile) and receive a free Crypto Coin Junky Handbook that contains 147 pages on everything you ever wanted to know about trading, investing, and other various aspects of the game.

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Moving onto more pressing matters….

ICOStats

ico stats performance crypto tracker tool reviewThis is an incredible tool if your into investing in ICO’s and are looking for a type of CoinMarketCap style site that specializes in Initial Coin Offerings. Here you’ll find basic information on any particular ICO that’s currently available or soon to be released to the public and accepting investors like you.

There’s also a very handy tool that calculates the potential profit (or loss) of your ICO, which will come in handy when you’re looking to keep track of how much you currently earned on your investment.

Ledger Nano Wallet

ledger nano cryptocurrency wallet hardware crypto The ideal security device for your precious cryptocurrency coins and the Cadillac of hardware wallets. It’s robust security features are unrivaled. It connects to your computer via a USB and embeds a secure OLED display to confirm each transaction with a single press of its side buttons.

There are many different reasons to use this wallet over others like…

  • Hardware wallets are always the most secure form of storing your cryptocurrency
  • They’re immune to viruses
  • Portability
  • They look cool (not really a benefit, but could be in the right situation)

Cryptowat.ch

cryptowatch site charts review live crypto prices and moreThe first time you view this site you might think you’ve been transported back to the 1990s era of the internet, however don’t let the retro appearance fool you, as it’s one of the top trading platforms to buy and sell digital assets, with all market comparisons located in one spot.

This site is owned by the cryptocurrency exchange, Kraken, and is a comprehensive charting and trading platform that offers technical charting for a large variety of crypto exchanges. Despite handling real-time data from over 22 different exchanges, the platform also provides accurate currency statistics (no lag) which will allow you to execute instant trades from their intuitive trading panel.

Many popular cryptocurrency platforms support Cryptowat.ch like Coinbase, Poloniex, CES.IO, Bitfinex, Huobi, and many others.  Click here for a list.

Blockfolio

blockfolio app android ios crypto tracking reviewOne of the most beloved tools from the crypto trading community. This Android/iOS app works as a position and investment tracker. It allows you to pin various cryptocurrencies on your customized dashboard and view them on a simplified graph. This allows users to keep track of orders, set alarms for particular price notifications and most importantly, allows you to input your trade data. This is the type of tool you need to have in order to track how much you’ve earned from a particular trade.

This is a must-have tool for those of you who are meticulous about keeping track of all the various cryptocurrencies circulating in your portfolio. The only issue I have with it is that it doesn’t connect via API to any market or exchange, so your trading data is not entered into the app automatically. So for now, you have to manually input your trading data.

All in all, it’s worth having as it’s free. If you’re trading or investing with over a dozen or so cryptocurrencies, keeping track of your profit ratio can prove to be a difficult task without it.

Another great alternative to Blockfolio is Delta . I’ve been hearing a lot of people singing its praises lately.

CoinMarketCal

coinmarketcal logo review crypto market community This site is a great “evidence based”, community driven, crypto news verification portal that accumulates 6 months of history on many various news reports, altcoin releases, and just about anything going on within the crypto ecosystem.

This is THE perfect tool to differentiate between authentic news and rumors on your favorite cryptocurrency. Once you’ve gathered the authentic up information, only then can you formulate your trading strategy.

You can expect an accuracy rate of well over 90% due to the fact that it’s community evidence driven. This is a great place to visit in order to substantiate the difference between rumors and the news.

CoinCheckup

coincheckup market analysis cryptoThe perfect site to check up and analyze your favorite cryptocurrency, ICO, arbitrage, or potential investment opportunities.

This research platform gives you a ton of insights from various angles like…

  • Coin Specs
  • Investment stats
  • Predictions
  • Charts & Detailed Analysis
  • Github Analysis
  • Market Data
  • News and a lot more

One of my favorite features is the “general average investment stats”. It gives you a great overall picture of volatility and returns of a particular coin over the course of a 7 to 30 day period.

They’ve also recently added an ICO analysis chart, pump and dump updates, arbitrage opportunities, and a host of other categories.

Check out all their analyzation features here.

BONUS: Deadcoins

dead coins crypto and icos exit scam scammer icoOk…. So this site isn’t really that essential, however it is a good place to check if you find yourself getting a bit overly enthusiastic about a particular altcoin that looks too good to be true.

This site is an accumulation of numerous shitcoins which lists the ones that you’ll end up losing your hard earned money on. Deadcoins operates in the way Wikipedia does, where people find a report coins with absolutely no growth potential and report them as a way to prevent other users from falling into their trap.

Wrapping things up…

I highly recommend you bookmark a few these tools in order to better help you decide where to put your money when investing in any future crypto project.

These tools don’t necessarily mean that you’re going to make a guaranteed profit, however it does allow you to make a very informed buying decision, which is half the battle. Placing probability in your favor is the name of the game when it comes to any solid trading strategy.

Let me hear from you in the comments below regarding your thoughts are on the tools outlined above. If you have any other useful tools that you think should be added to the list, let me know. Up

IBM Signs $740 Million Deal With Australian Gov’t for Blockchain Data Security

IBM has signed a five-year AU$1 billion ($740 million) deal with the Australian government to use blockchain and other new technologies to improve data security, Bloomberg reports Thursday, July 5.

The major contract will see IBM provide technology such as blockchain, automation and artificial intelligence (AI) to Australian federal departments, including defense and home affairs.

IBM’s Asia Pacific head, Harriet Green, told Bloomberg that the new partnership will give Commonwealth citizens access to the “world’s greatest technologies” “across many, many government agencies.”

The new partnership will catapult Australia to “the top three of digital governments in the world,” she suggested.

In her interview, Green placed repeated emphasis on ensuring data security for citizens – for which blockchain’s central offering of an immutable and encrypted ledger is a cornerstone innovation.

Green also saw the deal as a major step in Australia working towards a “paperless future” across different realms of the state’s jurisdiction, including taxation and border control.

Just today, the world’s fourth largest cryptocurrency exchange by daily trade volumes, Huobi, confirmed it had launched trading on its new Australian platform, with the new CEO of Huobi Australia saying the exchange is “keen to partner with the growing numbers of Australian blockchain projects looking to list in a maturing market.”

The Australian government’s Digital Transformation Agency (DTA) 2018-19 budget has already earmarked $530,000 for blockchain research, a move it says was prompted by a specific request from the country’s Prime Minister, Malcolm Turnbull.

IBM for its part has been steadily expanding its involvement in blockchain across diverse fields, with its Blockchain Platform successfully used just this week to power the first live operations in a major trading initiative involving twenty companies and five major banks.

Coinbase Index Fund Opens Investments between $250k and $20 Million

Coinbase Index Fund Opens Investments between $250k and $20 Million

As per Coinbase’s official blog entry yesterday, June 13,  the U.S. based crypto wallet and trade exchange opened their index fund to  large scale speculators.

The fund, whose creation was reported in June, is accessible just to U.S. occupant licensed financial specialists who manage total assets of more than $1 mln or a yearly compensation of more than $200,000 who invest between $250,000 and $20 mln.

The index incorporates Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Ethereum Classic (ETC), whose expansion into Coinbase was declared on June 11. Coinbase’s blog states that the reserve will be rebalanced to incorporate any future assets recorded.

Coinbase’s index fund is an element of the organization’s ongoing move to focus on a more select group of high-stakes players and institutional speculators. A month ago, Coinbase propelled a new suite of products geared towards institutional financial specialists, concentrating on the increasing worries of security and regulative compliance that might keep such speculators from entering the crypto space.

Toward the end of March, the company had reported it would start supporting ERC20 tokens on its trade, while intentionally not revealing the names of specific altcoins.

Toward the start of June, crypto trade exchange, Binance declared it was looking for 20 partners for the dispatch of a $1 bln cryptocurrency based fund. Additionally in June, Huobi unveiled the arrival of its crypto-based trade exchanged fund (ETF), which depends on its May dispatch of a crypto market index.

OKEx Global Cryptocurrency Exchange to Launch Crypto Index Fund

OKEx, the crypto trading giant has become the latest cryptocurrency exchange to launch its own index fund. The opening is on Tuesday, June 5, where the new index fund “OK06ETT” will allow investors to invest in up to 6 cryptocurrencies which they can trade on the exchange against other crypto assets.

During the launch, OK06ETT investors will be allowed to trade Bitcoin (BTC), Ethereum (ETH),  EOS, Bitcoin Cash (BCH) and OKB which is a token created directly from the OKEx exchange.

Each of the funds will trade against Tether (USDT) , which is the dollar pegged stablecoin (more on stablecoins here). This exchange will be open to retail investors with a minimum investment that to approximately $100.

The release of the cryptocurrency index fund comes days after its other Asian based exchange Huobi announced that they would be releasing the world’s first cryptocurrency ETF. Huobi also recently acquired the former OKEx CEO Chris Lee several days after his resignation.

In related news, the recently launched cryptocurrency index fund by Coinbase restricted investors with a larger minimum investment requirement at $250,000. The growth of the “index fund” niche indicates a shift within the crypto investing landscape. This allows more betting wages within the crypto ecosystem and less speculative investing into individual crypto assets.

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