UK Firm Gets Regulatory Green Light to Offer Crypto Derivatives

B2C2, an electronic OTC trading firm and crypto liquidity provider, has just got the green light to offer crypto derivatives in the U.K. The London-based firm announced Thursday that its subsidiary B2C2 OTC Ltd. is now authorized and regulated by country’s financial watchdog, the Financial Conduct Authority (FCA), to arrange and deal in crypto contracts for difference (CFDs). Crypto CFDs allow traders to predict the future price change of specific cryptocurrencies, and in turn, provide an opportunity to make profit in both rising and falling markets by going long or short.…

Bitcoin Price Weekly Analysis: BTC Rebound Approaching Crucial Resistance

Bitcoin price formed a support base near $3,370 and recovered higher above $3,450 against the US Dollar. There was a break above a major contracting triangle with resistance at $3,440 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair seems to be approaching a couple of important resistances near $3,500 and $3,510. Bitcoin price is slowly moving higher with positive signs against the US Dollar. However, BTC/USD is now approaching a significant hurdle near the $3,500 resistance zone. Bitcoin Price Analysis This past week, bitcoin…