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Proprivex To Launch Crypto Asset Management Service As Ethereum Completes Final Merge Testing

Proprivex (PPX) is the latest addition to crypto asset management, however, is one of the first platforms aimed toward retail users alongside high-net-worth individuals...
Proprivex To Launch Crypto Asset Management Service As Ethereum Completes Final Merge Testing © Reuters Proprivex To Launch Crypto Asset Management Service As Ethereum Completes Final Merge Testing

Proprivex (PPX) is the latest addition to crypto asset management, however, is one of the first platforms aimed toward retail users alongside high-net-worth individuals and institutions. The team is releasing a platform that will be easy to use through its innovative UI and aid in bridging the gap for investors who do not have time in their daily lives to stay up to date with all the latest crypto news.

To subscribe to Proprivex the company will accept deposits through its native token PPX which is currently undergoing its presale, but in some cases will accept other cryptocurrencies. For those who do use PPX, investors will be eligible for discounts on its service and also become a member of its DAO where other reward schemes will be rolled out.

What we like about Proprivex is it is looking to appeal to the many rather than the few and enable an affordable service for top-tier asset managers within the crypto ecosystem. The service is also tailored to you and can choose between a range of day, swing, or long-term trading packages alongside allowing the manager of your portfolio to have a certain level of discretion over how to allocate funds and services.

With the crypto market turning a corner and bouncing back and investment soaring back in now is as good a time as any to put your assets back into crypto.

Ethereum Merge Testing Complete It was announced yesterday that the final testing stages for the Ethereum Merge had been complete and were labelled a success. This comes as the price of Ethereum (ETH) has been skyrocketing amidst the eagerly anticipated launch of the switch to POS (Proof-Of-Stake) from POW (Proof-Of-Work).

However, although the testing has been successful and the merge has been taken well by most of the community, outside of the ETH miners, there is still a great amount of speculation about what will become of Ethereum, particularly in the short run.

How The Market Is Responding The market’s response to this has been intriguing and one where many institutions are hedging their bets. While there has been an overwhelming influx of investment within the spot market for ETH, the futures market is riddled with shorts in the anticipation that the uncertainty of the merge will cause volatility, and if a turbulent merger occurs then many may exit their positions in the short run.

While investing in the futures market is inherently risky, opening up long positions in the spot market but short positions in the futures market opens the possibility of price manipulation. For example, if some of the largest hedge funds have long positions on ETH but are short in the futures market it is beneficial for them all to dump the stock in one go to try and shock the market and tank the price.

This will earn the institutions a profit on their investment in the spot market and then a realisation of their future short prediction. For this to happen certain dominos need to fall into place, but if many institutions are employing the same tactic and dump the price across a similar time frame it could cause the price of ETH to fall dramatically.

Nevertheless, a strong and seamless merger could debunk the potential thesis or other hedge funds betting long within the futures market. Either way, the long-term potential for Ethereum looks strong and many expect it to continually increase across the next few years.

Proprivex Token (PPX)

Presale: http://prop.proprivex.io/

Website: http://proprivex.io/

Telegram: https://t.me/ProprivexTokenOfficial

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29-09-2022 04:40:35 (UTC+7)

EUR/USD

0.9738

+0.0004 (+0.04%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (1)

Sell (5)

EUR/USD

0.9738

+0.0004 (+0.04%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (1)

Sell (5)

GBP/USD

1.0887

-0.0001 (-0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

USD/JPY

144.13

-0.03 (-0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

AUD/USD

0.6521

-0.0001 (-0.02%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (7)

USD/CAD

1.3609

+0.0004 (+0.03%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (6)

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EUR/JPY

140.36

+0.03 (+0.02%)

Summary

↑ Buy

Moving Avg:

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Indicators:

Buy (9)

Sell (1)

EUR/CHF

0.9501

-0.0001 (-0.01%)

Summary

↑ Buy

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Gold Futures

1,668.50

+32.30 (+1.97%)

Summary

↑ Buy

Moving Avg:

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Sell (1)

Indicators:

Buy (9)

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Silver Futures

18.890

+0.553 (+3.02%)

Summary

↑ Buy

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Buy (12)

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Buy (8)

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Copper Futures

3.3805

+0.0970 (+2.95%)

Summary

↑ Sell

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Buy (5)

Sell (7)

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Sell (6)

Crude Oil WTI Futures

81.88

+3.38 (+4.31%)

Summary

↑ Sell

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Sell (12)

Indicators:

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Sell (8)

Brent Oil Futures

87.96

+0.19 (+0.22%)

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↑ Buy

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Natural Gas Futures

7.022

+0.262 (+3.88%)

Summary

Neutral

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Buy (2)

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US Coffee C Futures

227.80

+3.45 (+1.54%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

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Sell (7)

Euro Stoxx 50

3,335.30

+6.65 (+0.20%)

Summary

Neutral

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Buy (7)

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Sell (5)

S&P 500

3,719.04

+71.75 (+1.97%)

Summary

↑ Sell

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DAX

12,183.28

+43.60 (+0.36%)

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FTSE 100

7,005.39

+20.80 (+0.30%)

Summary

Neutral

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Sell (6)

Hang Seng

17,250.88

-609.43 (-3.41%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (2)

US Small Cap 2000

1,725.13

+62.62 (+3.77%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Buy (4)

Sell (3)

IBEX 35

7,442.20

-3.50 (-0.05%)

Summary

Neutral

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BASF SE NA O.N.

39.415

-0.080 (-0.20%)

Summary

↑ Buy

Moving Avg:

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Indicators:

Buy (10)

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Bayer AG NA

48.19

-0.07 (-0.13%)

Summary

Neutral

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Allianz SE VNA O.N.

160.72

-3.02 (-1.84%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Buy (9)

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Adidas AG

130.24

+2.94 (+2.31%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

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Buy (10)

Sell (1)

Deutsche Lufthansa AG

5.772

-0.024 (-0.41%)

Summary

↑ Buy

Moving Avg:

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Buy (8)

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Siemens AG Class N

99.46

+1.54 (+1.57%)

Summary

↑ Buy

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Buy (12)

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Indicators:

Buy (10)

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Deutsche Bank AG

7.854

-0.274 (-3.37%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (7)

 EUR/USD0.9738Neutral
 GBP/USD1.0887↑ Buy
 USD/JPY144.13↑ Buy
 AUD/USD0.6521Sell
 USD/CAD1.3609Neutral
 EUR/JPY140.36↑ Buy
 EUR/CHF0.9501↑ Buy
 Gold1,668.50↑ Buy
 Silver18.890↑ Buy
 Copper3.3805↑ Sell
 Crude Oil WTI81.88↑ Sell
 Brent Oil87.96↑ Buy
 Natural Gas7.022Neutral
 US Coffee C227.80↑ Sell
 Euro Stoxx 503,335.30Neutral
 S&P 5003,719.04↑ Sell
 DAX12,183.28Neutral
 FTSE 1007,005.39Neutral
 Hang Seng17,250.88Buy
 Small Cap 20001,725.13↑ Buy
 IBEX 357,442.20Neutral
 BASF39.415↑ Buy
 Bayer48.19Neutral
 Allianz160.72↑ Buy
 Adidas130.24↑ Buy
 Lufthansa5.772↑ Buy
 Siemens AG99.46↑ Buy
 Deutsche Bank AG7.854↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,410/ 6,510
(0/ 0) # 1,818
SJC HCM6,420/ 6,520
(0/ 0) # 1,831
SJC Hanoi6,420/ 6,522
(0/ 0) # 1,833
SJC Danang6,420/ 6,522
(0/ 0) # 1,833
SJC Nhatrang6,420/ 6,522
(0/ 0) # 1,833
SJC Cantho6,420/ 6,522
(0/ 0) # 1,833
Cập nhật 29-09-2022 04:40:37
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ↀ Giá vàng thế giới
$1,659.90+30.791.89%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V23.26023.720
RON 95-III22.58023.030
E5 RON 92-II21.78022.210
DO 0.05S22.53022.980
DO 0,001S-V24.51025.000
Dầu hỏa 2-K22.44022.880
ↂ Giá dầu thô thế giới
WTI$81.51-3.33-4.25%
Brent$87.71-3.39-4.02%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.580,0023.890,00
EUR22.159,1623.399,49
GBP24.732,3625.786,46
JPY159,76169,13
KRW14,2317,34
Cập nhật lúc 17:55:10 28/09/2022
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