Bob has over 20 years of experience in the Finance Industry having worked in Europe and Asia for global financial institutions before focusing on providing research capabilities for clients in Asia, primarily focused on financial markets including, commodities and cryptocurrencies.
Bob Mason’s experience includes building index products for investment banks and, within multinational banks, risk management, and analytics, considering key risk drivers including, FX, geopolitical, credit as well as macro across a wide range of sectors, in structuring and negotiating derivative and term loan products.
Bob has an extensive knowledge of the crypto market, the ICO market, and the blockchain technology.
Bitcoin Cash Sees More RedBitcoin Cash fell by 2.78% on Monday, following on from a 4.1% slide on Sunday, to end the day at $520.6.A bearish start to the day saw Bitcoin Cash slide to a late morning intraday low $504.7, Bitcoin Cash sliding through the first major support level
While the cryptomarket’s largest by market cap continues to be Bitcoin, the growth of the cryptomarket has been an impressive one over the last 24-months, with the number of cryptocurrencies now sitting at 2,094, the continued rise in cryptocurrencies and tokens being fuelled by an ever-growing ICO market.
Simply put, blockchain is a case of cutting out the middleman, generating fees without the cream being taken off the top, which should ultimately translate into wide profit margins, for some at least.
Bucking the trend of previous hard forks, where coin holders and those looking to profit from the creation of new coins would buy into the cryptocurrency ahead of a hard fork, is Bitcoin Cash that has garnered plenty of news attention over the last week.
To date, Bitcoin continues to be the main target for the larger miners, but with the existing mining cartel commandeering a large proportion of Bitcoin hashrates, the barrier to entry is particularly high for individual miners, while not completely out of reach of the most ambitious.
Ethereum (“ETH”) has been having a tough time of it of late, with ETH/USD falling by 0.45% on Monday, following on from a 0.19% fall on Sunday, to end the day at $208.77.
Bitcoin Cash launched back in 2017 from a Bitcoin hard fork, came about as a result of a major disagreement between Bitcoin’s core development team and Bitcoin miners over blockchain capacity and how to address transaction times that had extended to as much as 10 minutes.
The volatility seen through the much of the year contributed to the uptick in volumes as investors and traders from other asset classes were drawn in to trade the daily swings that were sizeable when comparing to even the more exotic currencies and the global equity markets.
Key HighlightsEOS gained 1.13% on Sunday, following a 0.44% rise in Saturday, to end the day at $5.4910.EOS fell through the first major support level at $5.397 and second major support level at $5.3641 to an early afternoon intraday low $5.2920.A late rally saw EOS break through the first major