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Exclusive: Filippo De Rosa Joins CPT International as CEO

He is an expert in the industry with 20 years of experience.

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Global FX and CFDs broker, CPT International has onboarded Filippo De Rosa, who has extensive working experience in the trading industry, as the new Chief Executive Officer, Finance Magnates has learned.

De Rosa was most recently heading the global sales efforts for SquaredFinancial and brings almost two decades of experience to his new role.

Speaking to Finance Magnates, he said: “Over the past few months, I had the chance to get to know the partners of [CPT International], their overall vision, and their take on the global online trading industry which made joining the team, one of the easiest decisions of my career.”

Earlier, he was the Middle Eastern region CEO of AxiTrader for nearly four years and headed sales at IG while based in Dubai. In addition, he headed the Abu Dhabi office of Saxo Markets for a year and had worked at E*TRADE Financial and Moody’s Analytics as well.

Expansion is Important

His appointment at CPT came at a crucial time when the broker is pushing for global expansion. “It is key to be dynamic and able to understand the continuous changes in our industry,” De Rosa said.

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“Putting together an incredibly accomplished team, continuously developing our resources and localizing our offering across various markets are the keys to our global success.”

Moreover, he elaborated that the broker is in a continuous process of recruiting ‘talented and highly driven individuals’ as it is expanding into new geographies. Additionally, the widespread impact of the pandemic has prompted it to ‘adapt and react promptly to continuous changes’.

The brokerage industry has become very competitive in the past few years as the major industry brands are aggressively trying to tap new markets. Addressing the growing competition in the business, the CPT CEO said he will focus on building a ‘new trading experience…creating something different, accessible and extremely user-friendly’.

“Our Introducing Broker (IB) Rewards Program is a great example as was designed to truly recognize our partners ’efforts instead of just focusing on financial gains,” he added.

“Our industry is very dynamic, which makes it practically impossible to predict what will happen in the upcoming few years,” De Rosa said on the future of the brokerage industry. “Personally, I would welcome a more uniform regulatory environment striking a balance between leverage, trading conditions and client protection.”

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Source: https://www.financemagnates.com/executives/moves/exclusive-filippo-de-rosa-joins-cpt-international-as-ceo/

Blockchain

PayPal’s U.K. Customers Can Now Buy, Sell, and Hold Bitcoin

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Global payments giant PayPal disclosed on Friday that its customers in the United Kingdom can now buy, sell, and hold multiple cryptocurrencies, including bitcoin and ether, directly from their accounts.

PayPal’s Crypto Services Now Available For UK Users

“We are delighted to share that all eligible customers in the UK can now buy, hold, and sell #Cryptocurrencies #Bitcoin, #Ethereum, #BitcoinCash & #Litecoin from their PayPal accounts. Look out for it in the PayPal app,” the announcement reads.

Like the U.S. version of its digital asset products, PayPal said it will continue to use New York-licensed crypto company Paxos to facilitate the buying, selling, and holding of the supported assets.

The company’s U.K. customers can buy or sell the aforementioned cryptocurrencies for as low as £1, the company said in a statement last month when it first announced its intentions to expand to Great Britain.

With the offering fully live in the U.K., the region has become the first international expansion of the firm’s cryptocurrency products, which initially launched in the United States in October last year.

Massive Success

Since PayPal flagged off its cryptocurrency services, the company has recorded significant engagement on its platform and has also seen a major increase in revenue.


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In March this year, the company introduced a Crypto Checkout Service to enable its customers to pay for goods and services using digital currencies across its 29 million online merchants globally.

The massive success of PayPal’s crypto initiative in the United States has given the company the assurance that its offerings will succeed in the U.K.

“It has been doing really well in the U.S., We expect it’s going to do well in the U.K.,” Jose Fernandez da Ponte, PayPal’s general manager for blockchain, crypto and digital currencies, told CNBC in an interview last month.

PayPal Committed to Boosting Crypto Services

Despite the success of its crypto offerings, the company is still working round the clock to ensure its clients have a friendly experience using the service.

PayPal plans to launch a Super App Wallet for digital assets in the U.S. The firm is also putting together a cryptocurrency team n Ireland that will focus on different roles such as anti-money laundering (AML), regulatory compliance, and business development.

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Source: https://cryptopotato.com/paypals-u-k-customers-can-now-buy-sell-and-hold-bitcoin/

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Sellers hold the aces in Ethereum Classic’s market, but it might not be game over

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice

There hasn’t been much interest from retail traders in Ethereum Classic’s market. As a result, low volatility has kept the price restricted within the channel of $53.8 and $60.6 over the past week and a half. However, ETC has been taking shape within a symmetrical triangle. It presented chances of an incoming price swing.

Considering the current market dynamics, sellers can be expected to tip the scales in their favor, but a bullish argument also seems justifiable. At the time of writing, ETC was valued at $57.7, down by a marginal 0.5% over the last 24 hours.

Ethereum Classic 4-hour Chart

Source: ETC/USD, TradingView

A series of lower highs and higher lows gave rise to a symmetrical triangle on ETC’s 4-hour chart. The pattern was considered bearish in this situation since it took shape right after 7 September’s drawdown. Moreover, sellers would face the easier task of triggering a breakdown from this setup. The daily 20 and 50 Simple Moving Average lines ran bearish as momentum aided the bears.

If the price does break below the lower trendline, a 13% decline would be possible towards the $48-mark. A close under $53.5 would confirm such an outcome.

On the other hand, a few of ETC’s indicators seemed to disagree with such a prediction. If the triangle functions as a reversal pattern, ETC would eye a 7% hike to 8 August’s swing high of $63.4. A close above $59 on relatively stronger volumes would heighten the chances of a bullish prediction.

Reasoning 

A look at ETC’s On Balance Volume painted a rather concerning picture. Based on its recent trajectory, there has been a dearth of buying pressure in the market, with sellers maintaining an advantage. However, a few other indicators seemed to disagree.

Higher lows were observed on the RSI after it recovered from an overbought reading 10 days ago. The index even managed to climb above 60 recently – A sign that the market was strengthening.

Such a trajectory was also seen on the MACD. The index climbed towards the half-line, although momentum was flat over the past few sessions.

Conclusion

As ETC oscillated within a symmetrical triangle, its indicators flashed mixed signals and a breakout in either direction can be expected at this point. Although chances of a downwards move seemed higher, a bullish outcome cannot be discounted.

Traders should keep an eye on the aforementioned levels to get a better understanding of where ETC is heading.

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Source: https://ambcrypto.com/sellers-hold-the-aces-in-ethereum-classics-market-but-it-might-not-be-game-over

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MIOTA Technical Analysis: Trading Above the Support Level of $1.41, Tested the Level Twice Daily

MIOTA Technical Analysis: Trading Above the Support Level of $1.41, Tested the Level Twice Daily

Rate this post MIOTA (IOTA) is a distributed ledger on the proprietary technology which is known as Tangle. There is no fee that has to be paid to the miners because it is not built on blockchain, and it does not require mining. IOTA allows safe and secure transactions which are recorded immutably on the network. Let us look at the technical analysis of IOTA. Past Performance On 11th September 2021, IOTA started trading the day at $1.54 and on 17th September 2021, it closed at $1.74. Thus, in the past week, not much change has been measured in the IOTA price range. In the last 24 hours, IOTA has traded between $1.49-$1.76. https://www.tradingview.com/x/UKThRKwE/ MIOTA Technical Analysis At the time of writing, IOTA is trading at $1.68 and has increased approximately by 12.31% in the past 24 hours. Since 2nd September, IOTA broke out of its long-term resistance and created support at around $1.41 level. This might be an accumulation period as the volume has also increased by almost 200% during the same time, indicating a trend reversal. The MACD is currently completing its bearish crossover after a small pullback to the support level going forward we might see a bullish trend. The lines are above the zero range. Thus, suggesting a buy on this token. The Relative Strength Index has been pulled towards its support zone, near the equilibrium. Thus, indicating the sellers are dominating the market. After this strong accumulation period is over, the price can retest the resistance level. A breakout from that level will indicate a bullish strength. Day-Ahead and Tomorrow  As per the Fibonacci pivot levels, the MIOTA price is trading above the support level of $1.41. It has tested the level twice on the daily chart. And has bounced back from the support level. If the price crosses this level on the downside, traders can short the position with an immediate target of $1.17 and the stop loss at $1.46. On the other hand, if the price bounces back from this support level, traders can take a long position keeping the target at $1.98 followed by $2.12 and the ideal stop-loss level would be $1.77.

The post MIOTA Technical Analysis: Trading Above the Support Level of $1.41, Tested the Level Twice Daily appeared first on Cryptoknowmics-Crypto News and Media Platform.

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MIOTA (IOTA) is a distributed ledger on the proprietary technology which is known as Tangle. There is no fee that has to be paid to the miners because it is not built on blockchain, and it does not require mining. IOTA allows safe and secure transactions which are recorded immutably on the network. Let us look at the technical analysis of IOTA.

Past Performance

On 11th September 2021, IOTA started trading the day at $1.54 and on 17th September 2021, it closed at $1.74. Thus, in the past week, not much change has been measured in the IOTA price range. In the last 24 hours, IOTA has traded between $1.49-$1.76.

TradingView Chart

MIOTA Technical Analysis

At the time of writing, IOTA is trading at $1.68 and has increased approximately by 12.31% in the past 24 hours. Since 2nd September, IOTA broke out of its long-term resistance and created support at around $1.41 level. This might be an accumulation period as the volume has also increased by almost 200% during the same time, indicating a trend reversal.

The MACD is currently completing its bearish crossover after a small pullback to the support level going forward we might see a bullish trend. The lines are above the zero range. Thus, suggesting a buy on this token.

The Relative Strength Index has been pulled towards its support zone, near the equilibrium. Thus, indicating the sellers are dominating the market. After this strong accumulation period is over, the price can retest the resistance level. A breakout from that level will indicate a bullish strength.

Day-Ahead and Tomorrow 

As per the Fibonacci pivot levels, the MIOTA price is trading above the support level of $1.41. It has tested the level twice on the daily chart. And has bounced back from the support level. If the price crosses this level on the downside, traders can short the position with an immediate target of $1.17 and the stop loss at $1.46.

On the other hand, if the price bounces back from this support level, traders can take a long position keeping the target at $1.98 followed by $2.12 and the ideal stop-loss level would be $1.77.

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Source: https://www.cryptoknowmics.com/news/miota-technical-analysis-trading-above-the-support-level-of-1-41-tested-the-level-twice-daily/

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