Author: Traderman

Top UK Asset Management Firms Partner on Blockchain Project

Some of the UK’s biggest fund management firms are collaborating on a blockchain project that has the potential to eliminate millions of pounds in trading costs. According to an FT report, Schroders and Aberdeen Asset Management are working with Columbia Threadneedle Investments – which currently manages north of £320bn in assets – on the distributed ledger project. According to statements from some of the parties involved, Aviva Investors and Henderson …
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Bitcoin Group Raises $5.9 million AUD in IPO Phase

Bitcoin Group Limited, a digital currency mining firm based in Melbourne, has announced the completion of its IPO phase. In an investor updated posted on the official BG blog, Sam Lee, CEO of Bitcoin Group, confirmed that the IPO netted a total of AUD $5.9 million. While the amount sounds impressive, it falls short of the original $20 million target. The IPO officially ended on the 25th of January and …
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Factom Technical Analysis for 02/07/2016 – Bearish Signals on the Charts

After hitting an all-time high of 0.0035 on the 26th of January, the Factom digital token slid to a low of 0.0019 on the 2nd of February. Price has recovered somewhat in the past week, but the market is currently grinding around an important technical level. Of course I am referring to 0.0025. This area acted twice as support since the start of the year, and also three time as …
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Ethereum Technical Analysis for 02/06/2016 – Big Move Imminent?

Since hitting a high of 0.007321 on the 26th of January, Ethereum has been trading in an increasingly tighter range. The 4-hour chart showing a very distinct triangle formation. This indicates that pressure is building up and that a violent break may be imminent.   So, why is price having such a hard time getting above 0.0067/0.0068. This price range actually goes all the way back to August of 2015, …
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