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NEW YORK–(BUSINESS WIRE)–Blue Ocean Management Partners, LLC (Blue Ocean Management) has made a significant investment in New York-based Blue Ocean Technologies, LLC. tZERO, the global leader in blockchain innovation for capital markets, remains a significant investor and partner in Blue Ocean Technologies, with Blue Ocean Management providing management and expertise. Blue Ocean Technologies is a financial technology company focused on progressing the development of the after-hours markets for U.S.-listed securities, including ETFs and related securities.

Since 2016, Blue Ocean Technologies has provided data and technical services for after-hours regulated trading venues. This marketplace has created an opportunity to provide firms, traders and investors with new ways to manage risk and take advantage of opportunities created outside of regular U.S. trading hours. Through appropriately licensed institutions, after-hours regulated trading venues also provide opportunities for foreign investors to have after-hours access to the U.S. capital market, which make up the second largest class of investments across Asia and Europe (behind country-specific home markets), while allowing for U.S.-based traders to track off-hours market movement and react accordingly.

tZERO CEO Saum Noursalehi stated, “We are happy to partner with the Blue Ocean leadership team and grow the business together, allowing tZERO to focus on its important strategic initiatives with digital securities.”

Blue Ocean Management CEO and President Ralph Layman said, “This restructuring affords us the opportunity to bring senior management resources to facilitate the growth of Blue Ocean while continuing to be on the cutting edge of securities technology.”

About Blue Ocean Management

Blue Ocean Management Partners, LLC (Blue Ocean Management) invests in and provides senior management to growth (FinTech) organizations in the financial services industry. Along with Blue Ocean Technologies, Blue Ocean Management is focused on progressing the development of the after-hours markets for ETFs and related securities on behalf of Blue Ocean Technologies, LLC.

About tZERO

tZERO Group, Inc. (tZERO) is a majority owned subsidiary of Overstock.com, focusing on the development and commercialization of financial technology (FinTech) enhanced with cryptographically-secured, decentralized ledgers – more commonly known as blockchain technologies. Since its inception, tZERO has pioneered the effort to bring greater efficiency and transparency to capital markets. For more information on tZERO, please visit: https://www.tzero.com/.

tZERO is not a registered broker-dealer, funding portal, underwriter, investment bank, investment adviser or investment manager, and is not providing brokerage, investment banking or underwriting services, recommendations or investment advice to any person, and does not provide any brokerage services. tZERO takes no part in the negotiation or execution of secondary market transactions for the purchase or sale of securities and at no time has possession of investor funds or securities in connection with such transactions.

Contacts

Don Madura, +1-914-523-8223

Business Wire , 2019-11-11 22:07:21 ,

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.


While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock


Nick Chong , 2019-11-10 12:00:38

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