Tradewind, which is backed by stock trading firm IEX, has launched a blockchain-powered gold trading platform. The firm, whose president and co-founder was a subject of the best-selling book “Flash. The Tradewind platform is a private, permissioned, and cryptographically secure interface limited to regulated dealers and institutions, which is moderated by legal and operating agreements. Within the platform, users can access Tradewind’s entire suite of products and solutions. Short opportunity off last years high, EURGBP is likely to retrace towards previous support at, which will serve as our first profit taking opportunity, with a secondary target at Trade idea is confirmed by a greater than 70 reading on the RSI, an overbought signal.
Tradewinds bitcoinTradewind Launches Blockchain Platform for Gold Trading - CoinDesk
Tradewind is taking its shot at stopping counterfeit gold seals and helping precious metals investors find metals that are produced responsibly.
That miner is challenged to be able to advertise its metal. For the first time ever, the miner that produces responsibly is going to be able to tag their metal to advertise it to downstream buyers. In March , the firm launched its VaultChain platform, which served as an authoritative record of title for precious metals ownership at the Mint. In April, Albanese left his position as global head of collateral management at JP Morgan to lead the startup. Gold-backed coins are popular in the crypto community, where many see bitcoin as a better version of gold.
With gold suffering from a counterfeiting crisis, tracking the provenance on blockchain has become necessary and gold-crypto funds have proliferated in the marketplace. In September, Paxos launched a gold-backed crypto asset.
The Mint, Tradewind and the miner are the only three participants with nodes on the platform with no information being recorded to the blockchain by the miner unless the Mint and Tradewind confirm it. Stop loss will be placed just above the most recent high at Entry: between and SL: Entry point is therefore at or below 1. I will use a fairly tight stop, considering that the previous move above 1.
As an entry point, I will wait for price to retrace Having broken through the previous 1. News tomorrow supporting the Since reaching a low of UJ seems to be rebounding from the top of bearish channel. SL set at resistence above Having taken a big backstep against the pound this week following the announcement of a snap election by the UK, I believe the Euro could take a bounce back towards the top of the range. Tight stops below most recent lows of. Having pushed lower last week, it looks like the index may be heading lower for the time being, i intend on waiting for price to test the lower long term channel, placing limit orders at and below the fib.
Uncertainty surrounding the trump rally abound, there may be opportunities to buy cheap in the coming weeks, lets just