South African Sygni to Open Crypto Exchange

Sygnia Ltd. is an asset management company, based in Johannesburg
28 May 2018   938

The investment company Sygnia Ltd., based in Johannesburg (South Africa). intends to launch the SygniaCoin crypto exchange in the third quarter of 2018. This is reported by Bitcoin. com.

Representatives of the company note that Sygniacoin will offer investors a safe trading platform with an international infrastructure, a well-designed system of protection and integration with standard investment products.

We aim to launch SygniaCoin, a cryptocurrency exchange, in the third quarter of 2018. The cryptocurrency market is evolving at a rapid pace internationally and domestically, and is attracting both domestic and international flows. With its fintech focus, Sygnia is well-positioned to become the first major financial services institution to embrace cryptocurrencies and to offer investors a secure trading and execution platform backed by an international infrastructure, well-designed custody, and integration with standard savings products.

Magda Wierzycka
CEO, Sygnia

Sygnia Ltd. currently manages assets worth 184 billion rand (about 14.7 billion US dollars). The company's offices are located in Cape Town, Johannesburg and Durban.

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   320

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.