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Former digital head at luxury brand group LVMH takes role at Ledger

Ian Rogers, newly appointed as a chief experience officer at Ledger, says digital assets are moving from “science fiction” to the mainstream. The revolving door between traditional finance and the crypto space is well established. Now, executives from the luxury goods sector appear to be following in their steps. Ian Rogers, formerly the chief digital officer at LMVH, is taking on a new role as “chief experience officer” at Ledger, the well-known French crypto hardware and software maker. LMVH was formed in 1987 from the merger of high fashion house Louis Vuitton and Moët Hennessy, which itself formed from a merger of champagne maker Moët & Chandon and cognac producer Hennessey, back in 1971. The newly-created role of chief experience officer involves taking charge of business-to-consumer operations and “reinventing the user experience” of Ledger's products. In an official statement Rogers gave an insight into how he plans to approach this new role: “I remember when you...

Don’t Get Hoodwinked by Hidden Bitcoin Trading Fees

Traders are flocking to Bitcoin in search of digital gold, but the journey can be costly and confusing, with hidden fees and cumbersome interfaces, making it difficult to navigate the market successfully. eToro makes cryptocurrency trading costs crystal clear. There are no fees buried in the fine print, and an intuitive user interface helps you avoid expensive misclicks. Be aware of hidden fees On eToro, trading costs are contained in a single charge. The percentage of the spread for buy and sell is the entire cost of the trade — zero fees, no hidden fees, nothing! Depositing US dollars on eToro is completely free, and a flat fee of $5 is charged to cover the processing cost of withdrawals. If you are depositing in another currency, an FX conversion fee may apply, but costs are made clear in advance, unlike other platforms that often levy unstated conversion fees. Fee example Initial investment $2,000 USD BTC buy price* $20,000 USD Position size 0.1 units eToro...

Aave Surges 20% as DeFi Coins Begin Resurgence, Following Ethereum Rally

Top decentralized finance (DeFi) coins such as AAVE are outperforming over the past day. While Bitcoin and Ethereum are both up massively today, AAVE is up 18.5% in the past 24 hours alone. This performance makes it the best-performing digital asset in the top 100 by market capitalization. AAVE is now up by approximately 10% on the week, per CoinGecko data. This rally highlights a growing/continued interest in DeFi, which has continued to gain fundamental strength despite shaky price action. The number of DeFi users is soon expected to reach one million, by some estimates, making it one of the first crypto technologies to be adopted by many. Aave stands to benefit from this trend as it sits at the core of the ecosystem as a money market for lending and borrowing. Related Reading : Here’s Why Ethereum’s DeFi Market May Be Near A Bottom AAVE Erupts 20% Higher AAVE is up 20% in the past 24 hours alone amid strength in the price of ETH. Ethereum has gained around 5% in the past 24 ...

Record gold outflow 'isn't going into ripples' — only Bitcoin, says fund manager

Gold outflows are rising as Bitcoin rallies due to heightened buyer demand from institutional investors. The ongoing Bitcoin ( BTC ) rally has primarily been driven by institutions, analysts say, with metrics such as CME’s open interest and Grayscale’s assets under management (AUM), supporting this narrative.  At the same time, the gold market has seen large outflows in recent weeks. On Nov. 24, independent financial researcher Jan Nieuwenhuijs reported that gold saw its largest weekly outflow in history. Largest outflow from gold ever. pic.twitter.com/Re4o3PHrel — Jan Nieuwenhuijs (@JanGold_) November 23, 2020 The timing of the heightened level of outflows from the gold market is noteworthy because it comes after the entrance of major institutional investors into the Bitcoin market. Cointelegraph reported that Guggenheim Partners, which manages $275 billion in assets, is the latest institution to show interest in Bitcoin. What does this mean for Bitcoin? In the medium ...

‘Black Friday' BTC sale officially over? 5 things to watch in Bitcoin this week

Bitcoin recovers above $18,500 over the weekend, but the giant BTC futures gap that has now emerged may trigger yet another pullback. Bitcoin ( BTC ) is back this week as a rebound takes the largest cryptocurrency ever closer to new all-time highs — what’s in store? Cointelegraph takes a look what could move Bitcoin markets in the coming days as buyers emerge and $16,000 gets left behind — at least for now. Bitcoin cancels Black Friday discounts The main story among Bitcoiners on Monday is its performance over the weekend . After plumbing depths of $16,300 last week and failing to get much higher than $17,000 in the days following, Bitcoin surprised on Saturday, beginning a climb that has reached $18,600 on Nov. 30. The timing led to comparisons to Black Friday, as BTC/USD fell in time for the infamous discount day and rose back up afterward. “Guess the Black Friday bitcoin sale is officially over. Hope you stocked up,” Barry Silbert , CEO of asset management giant Grayscale su...

Charted: Chainlink (LINK) Looks Ready For Another Leg Higher Over $15

Chainlink (LINK) remained stable above the $11.50 support and started a fresh increase, similar to bitcoin. The price is now trading above $13.50 and it could continue to rise above $15.00. Chainlink token price regained traction and climbed above $13.00 against the US dollar. The price is now trading above $13.50 and settled above the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $13.50 on the 4-hours chart of the LINK/USD pair (data source from Kraken). The price is likely to continue higher above the $14.50 and $15.00 resistance levels. Chainlink (LINK) Is Gaining Momentum This past week, we saw a sharp downside correction in bitcoin , Ethereum , ripple , bitcoin cash, chainlink (LINK), and other major altcoins. LINK price dived from well above $15.50 and declined below the $13.50 support. There was also a break below the $12.40 support and the 100 simple moving average (4-hours). Finally, the bulls were able to protect the...

TA: Ethereum Gains Bullish Momentum, Why ETH Could Retest $620

Ethereum gained bullish momentum and broke the $550 resistance against the US Dollar. ETH price is up over 8% and it seems like the bulls are aiming $600 or $620. Ethereum started a fresh increase after it broke the $530 resistance level. The price surpassed a major hurdle at $550 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $540 on the hourly chart of ETH/USD (data feed via Kraken). The pair is trading in a positive zone and it could higher towards $600 or $620. Ethereum Price is Up 8% In the weekly analysis, we discussed the importance of the $550 resistance for Ethereum . ETH price started following a steady bullish path, and surpassed many hurdles near the $540 and $550 levels. Bitcoin price also gained traction above $18,200, helping ether to clear the $550 resistance. There was also a break above a key bearish trend line with resistance near $540 on the hourly chart of ETH/USD. There was also a break abo...