In the list of worst performing cryptocurrencies on the Avalanche Network in the past 24-hours, the worst performing crypto is Life DAO (LF). The performance graph for LF shows that its price line has dipped by 78.24% in the past 24-hours. The dip has dragged the unit price for LF all the way down to $62.36 per LF. The trading volume demonstrated by LF in the past 24-hours is close to $800k.
The next Avalanche Network-based cryptocurrency after LF is Eleven Finance (ELE). The performance graph for ELE shows that its price line has dipped by 26.58% in the past 24-hours. The dip has dragged the unit price for ELE all the way down to $0.3203 per ELE. The trading volume demonstrated by ELE in the past 24-hours is close to $144k.
The next Avalanche Network-based cryptocurrency after ELE is Libre DeFi (LIBRE). The performance graph for LIBRE shows that its price line has dipped by 21.99% in the past 24-hours. The dip has dragged the unit price for LIBRE all the way down to $0.2271 per LIBRE. The trading volume demonstrated by LIBRE in the past 24-hours is close to $923k.
The next Avalanche Network-based cryptocurrency after LIBRE is Bifrost (BFC). The performance graph for BFC shows that its price line has dipped by 18.57% in the past 24-hours. The dip has dragged the unit price for BFC all the way down to $0.4334 per BFC. The trading volume demonstrated by BFC in the past 24-hours is close to $1.03 million.
The next Avalanche Network-based cryptocurrency after BFC is OrcaDAO (ORCA). The performance graph for ORCA shows that its price line has dipped by 12.03% in the past 24-hours. The dip has dragged the unit price for ORCA all the way down to $0.178 per ORCA. The trading volume demonstrated by ORCA in the past 24-hours is close to $309k.
The next Avalanche Network-based cryptocurrency after ORCA is Maximizer (MAXI). The performance graph for MAXI shows that its price line has dipped by 10.12% in the past 24-hours. The dip has dragged the unit price for MAXI all the way down to $782.95 per MAXI. The trading volume demonstrated by MAXI in the past 24-hours is close to $1.4 million.
The next Avalanche Network-based cryptocurrency after MAXI is WOWswap (WOW). The performance graph for WOW shows that its price line has dipped by 7.13% in the past 24-hours. The dip has dragged the unit price for WOW all the way down to $11.32 per WOW. The trading volume demonstrated by WOW in the past 24-hours is close to $541k.
More cryptocurrencies demonstrating worst performances on the Avalance Network in the past 24-hours include SHROOM, AVE, OLIVE, and CYCLE, among many others.
from CryptocyNews.com https://www.cryptocynews.com/lf-ele-libre-and-more-among-worst-performing-avalanche-network-based-cryptocurrencies-in-past-24-hours/
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Among the top 10 cryptocurrencies, two stablecoin projects called USDC and USDT have been able to retain their high rankings throughout the year. The year-to-date price movement suggests that the total market cap of the stablecoin projects on the cryptocurrency market has increased by five times. There are investors like Kevin O’Leary who claimed that they want to diversify their portfolio with selective stablecoin projects.
However, the biggest change towards stablecoin has been expressed by Federal Reserve Governor Christopher J. Waller. In a recent media statement, Waller claimed that the presence of stablecoins makes the need for the CBDC project redundant. It is worth noting that Waller has remained an outspoken cryptocurrency critic for the most part.
Issuance of Digital Dollar
The centralized financial regulators of several countries have shared plans to issue a Central Bank Digital Currency or CBDC. However, the criticism of the Federal Reserve’s Governor is a new development in this matter. Waller has made his case against the issuance of a digital dollar or CBDC due to the presence of stablecoins in the cryptocurrency market.
Despite his uncharacteristic acknowledgment of stablecoins, he proceeded to point out three big risk factors associated with these tokens. Waller claimed that the unreliable issuers of a stablecoin can attach the value of the token to an unstable financial instrument that might go bust in the future. Such a development will afford losses to a massive circle of investors that exceeds the initial investors and deposit holders.
The stance of the US government has started to change towards cryptocurrencies rapidly. The Federal Deposit Insurance Corporation has announced that it is researching the ways to integrate crypto assets. Meanwhile, Federal Reserve Governor Waller has pointed out that stablecoins have shaky scalability issues. He claimed that due to the inability of payment systems integration, the stablecoin holders can’t find secure liquidity avenues. Waller has also pointed out that the decentralized nature of stablecoins has been recognized by both Congress and Federal Reserve experts. He further added that stablecoin technology is alien to the banking sector. However, it has a great potential for becoming a commercial success by inviting interest from Silicon Valley. Therefore, it is worth exploring more options with stablecoins that can be used to improve the centralized banking system.
The Staples Center in downtown Los Angeles is a famous sports arena in the Creative Capital of the World. The ownership and management of the arena fall on a company called Arturo L.A. Arena Company. The company is a subsidiary of the Anschutz Entertainment Group (AEG). The arena is home ground to the National Hockey League team called Los Angeles Kings.
The same ground also serves as the home ground for teams like Los Angeles Lakers and Los Angeles Clippers, who are associated with the National Basketball Association (NBA). Another noteworthy team that uses the Staples Center as a home ground is Los Angeles Sparks that is registered with the Women National Basketball Association or WNBA.
Twenty Years Partnership Deal
According to the press reports, Hong Kong-based exchange market Crypto.com has signed a 20 years deal with the Staples Center worth $70 million. The deal allows the crypto giant to acquire the naming rights of the stadium and change it to Crypto.com Arena. The press reports also claimed that Crypto.com executive brass is planning on releasing a new logo and internal arena signage for important events like Christmas Eve.
This deal has also made Crypto.com the official cryptocurrency partner for L.A. Lakers and L.A. Kings. The name-changing ceremony will go live on December 25th of the current year. On the other hand, the changing of all the external signage will be changed by June 2022. Because the sports arena hosts around 240 high-profile national and international sports events that attract over 240 million sports lovers from all parts of the world, it is marked as a clever marketing move by many.
Reflecting on the marketing strategy of Crypto.com, the CEO and co-founder of the platform Kris Marszalek recently told the media that the people and city of LA are always deemed as the Global center for creativity and sports. He further added that the partnership with AEG is going to allow the platform to get engaged with more investors and create long-term corporate investment deals at the same time. Crypto.com has also recently decided to sponsor the Formula 1 brand. The digital corporation sponsored important racing events like the Sprint Series 2021, SilverStone, and Pirelli British Grand Prix, among others. Commercial Partnerships Director for Formula 1, Ben Pincus claimed that the new commercial deal with Crypto.com is exciting, and the company is looking forward to exploring the world of cryptocurrencies and blockchain technology.
from CryptocyNews.com https://www.cryptocynews.com/crypto-com-signs-new-partnership-with-multi-purpose-arena-staples-center/
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via Bitcoin News Today
The El Salvadoran government is journeying toward its upcoming move in its project regarding Bitcoin, which incorporates the construction of schools through the utilization of profits that have been made by the government through the crypto assets. The surplus or profits secured by the account of Bitcoin Trust being held by the state will be consumed in building 20 schools as per Nayib Bukele (the country’s President). On 2nd November, the Presidency’s Press Secretary shared a tweet stating that at the beginning of the project, they had not gathered sufficient money in the state-governed BTC Trust named FIDEBITCOIN, as was required by them to develop the initial 20 schools for Bitcoin.
The Spokesperson of Bukele also mentioned that the profits collected out of the former purchases of BTC will move towards providing people with benefits, and the latest project will demand no taxes. The reports from the native media point out that the development of the latest 20 schools will assist the expansion in education regarding the crypto across the natives, and 400 such schools are scheduled to be included in the next program named “My New School.” In 2020’s October, the CABEI (Central American Bank for Economic Integration) permitted the sponsoring of up to $200M of the El Salvadoran Economy for the growth incentive regarding crypto education.
In the middle of October, it was announced by the President that the country’s government will utilize $4M taken from its Bitcoin Trust for the construction of a unique veterinary hospital to be situated in San Salvador (the capital of the country). The country’s contentious Bitcoin Law got authoritatively implemented on 7th September, however, some technical glitches spoiled the Chivo wallet of the state on the inaugural day of the legal tender status of Bitcoin throughout the country. On 28th October, El Salvador was reported to have had purchased an additional 420 BTC making the total stash equal to 1,120 Bitcoin.
The Twitter feed of the country to track the Bitcoin purchases, named “El Salvador BTC” reported that the profit of up to $12M has been earned up till now, as per $53,062, being an average price of purchase. Another responsibility of the account is to track the $30 incentive given by the government to the residents for encouraging Bitcoin adoption. The $30 value of BTC as a reward for the Salvadorans was initiated on 9th July and currently, its value is about $38, as reported by the tracker on 2nd November.
The PWG – President’s Working Group on Financial Markets has released the much-awaited report on stablecoin. The report contains the features and the risk the asst class pose to the financial sector in general.
In the report, it was stated the stablecoins have significantly raised concerns about investor protection as much as the integrity of the market.
Stablecoins have been a trending topic of discussion in the crypto community and among regulators as the total supply of the asset class has increased more than 500% in just a year. The leading token in the stablecoin market, Tether US has seen the highest trading volume over any other token in the market.
The guidance released by the President’s Working Group (PWG) on Financial Markets has called Congress to enact new laws to put a limitation on the issuance of the asset class. This will limit those that can issue the category of cryptocurrency.
Officials from the Treasury have contributed to the discussion in a press briefing that where the problem with stablecoins lies is in identifying the gap in the prudential authority as the category of crypto is known as a multifaceted product with diverse risks.
To curb the risks attached, the officials say that Congress needs to put up legislation. Though, making legislation into an actual law has been slow historically.
In the report, the President’s Working Group advised the regulators to exploit the current authority they have to cover the gaps that are perceived in the structure of the stablecoins. The involved regulators were listed in the report and they include; the Commodity Futures Trading Commission, the Federal Reserve, the Treasury, and the Securities and Exchange Commission. Also, the report requested input from the regulators in the banking system including the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation.
However, more specifically, the report created an emphasis on the input from the CFTC and SEC in regulating the stablecoin market. Ensuring every hand is on deck for the safety of investors as it has to do with the stablecoins, the report recommends that the market risk watchdog, Financial Stability Oversight Council should be onboarded for the proper regulation of the crypto category.
For a few months now, Janet Yellen, the Secretary to the US Treasury has been raising her concerns on stablecoins and also giving the need for the US Government to set up a sustainable regulatory framework.
from CryptocyNews.com https://www.cryptocynews.com/us-treasury-department-releases-a-report-on-stablecoin-risks/
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In the past 30-days, the cryptocurrency that has emerged as one of the most trending cryptocurrencies is Oasis Network (ROSE). The data from on-chain data examining firms shows that ROSE’s price is now hovering at $0.3354 per ROSE. ROSE’s price has come this way after experiencing a 77.29% surge in its price in the past 30-days. ROSE’s rank at present is 97th in the crypto market in terms of its valuation.
The next cryptocurrency in the list after ROSE is MetaPets (METAPETS). The data from on-chain data examining firms shows that METAPETS’ price is now hovering at $0.00000000008564 per METAPETS. METAPETS’ price has come this way after experiencing a 69.66% surge in its price in the past 30-days. METAPETS’ rank at present is 2912th in the crypto market in terms of its valuation.
The next cryptocurrency on the list after METAPETS is Star Atlas (ATLAS). The data from on-chain data examining firms shows that ATLAS’ price is now hovering at $0.2011 per ATLAS. ATLAS’ price has come this way after experiencing a 40.76% surge in its price in the past 30-days. ATLAS’ rank at present is 253rd in the crypto market in terms of its valuation.
The next cryptocurrency in the list after ATLAS is Decentraland (MANA). The data from on-chain data examining firms shows that MANA’s price is now hovering at $4.69 per MANA. MANA’s price has come this way after experiencing a 37.87% surge in its price in the past 30-days. MANA’s rank at present is 23rd in the crypto market in terms of its valuation.
The next cryptocurrency on the list after MANA is Kin (KIN). The data from on-chain data examining firms shows that KIN’s price is now hovering at $0.0001115 per KIN. KIN’s price has come this way after experiencing a 22.67% surge in its price in the past 30-days. KIN’s rank at present is 11th in the crypto market in terms of its valuation.
The next cryptocurrency in the list after KIN is ShibElon (SHIBELON). The data from on-chain data examining firms shows that SHIBELON’s price is now hovering at $0.000006931 per SHIBELON. SHIBELON’s price has come this way after experiencing a 21.66% surge in its price in the past 30-days. SHIBELON’s rank at present is 28th in the crypto market in terms of its valuation.
The next cryptocurrency on the list after SHIBELON is Binance Coin (BNB). The data from on-chain data examining firms shows that BNB’s price is now hovering at $625.40 per BNB. BNB’s price has come this way after experiencing a 17.60% surge in its price in the past 30-days. BNB’s rank at present is 24th in the crypto market in terms of its valuation.
More cryptocurrencies on the list of top-trending cryptocurrencies include MINISPORTZ, GHC, SHIRYO-INU, and many more.
from CryptocyNews.com https://www.cryptocynews.com/rose-metapets-atlas-and-more-cryptocurrencies-among-top-trending-cryptocurrencies/
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According to the Australian Tax Office (ATO), it is not possible to depend on crypto investors for keeping track of their digital currency transactions as well as profits, even though they said that most investors did try to do their best. Chris Jordan, the Commissioner of the ATO, spoke at the 14th International ATAX Conference on Tax Administration conducted on Tuesday. He stated that a number of new crypto investors may not have a complete understanding of their tax obligations. According to the Commissioner, the sector is rapidly growing with new investors, so they could not depend on taxpayers for keeping records of their capital gains and investment income and disclose it in their tax returns.
He said that their primary concern was that many taxpayers are under the impression that their crypto gains are tax-free, or they believe they can only be taxed when they are converted into Australian dollars. Jordan stated that the ATO was working on ways of ‘nudging’ people in the correct direction like pre-filling the data on their tax returns for prompting crypto owners and users to mention their investments. According to the commissioner, the ATO has also enhanced their trading data matching capabilities this year by getting their data from share registers, crypto demand-size platforms, and brokers.
He said that they had expanded their data matching protocols to obtain more data from third parties in order to assist with emerging investments, such as that of digital currencies. He also asserted that they were putting in a lot of effort for improving the way they manage, collect, share and use their data, but had only managed to scratch the surface for now. However, Jordan was quick to note that most people did the right thing because Australia had high tax reporting compliance as well as tax performance of small businesses and individuals.
The commissioner said that the ATO did not have to intervene in most cases at 87% and 94%, respectively. Chainalysis, the partner of the Commonwealth Bank of Australia, is one company that the ATO might call upon in the future. Todd Lenfield, the country manager of Chainalysis in Australia and New Zealand, said on Wednesday that his company hopes to provide key expertise to the ATO and the Australian Transaction Reports and Analysis Centre (AUSTRAC). He said that they wanted to have discussions with the AUSTRAC about areas that they want to regulate and help the ATO in learning lessons from what the IRS is doing.
He added that they could take the experience they have and offer it with some local flavor. The company currently offers blockchain analysis services for the Internal Revenue Service (IRS) and the Federal Bureau of Investigation (FBI) in the United States. It also investigated Suex OTC, a crypto business based in Russia, which was targeted in September by the US Treasury Department for facilitating ransomware payments. Therefore, it is highly likely that Chainalysis can prove to be useful for the Australian tax authorities as well because they can provide meaningful data.
from CryptocyNews.com https://www.cryptocynews.com/australian-tax-office-claims-it-cannot-rely-on-crypto-users-own-records/
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The most recent developments have seen that Israeli government officials have been skeptical of the cryptocurrency marketplace once more. It seems that the current regime is working on a process to review the activities of serval cryptocurrency agencies within the country. Moreover, the government is also working on a review process about issuing operating licenses.
The fact of the matter is that the government has implemented new regulations regarding cryptocurrency trading. The primary goal behind is to achieve a sense of transparency within the market. The current government has already taken strict actions to prevent money laundering and terror financing. The government’s officials have said that every single sector would be treated equally no relation would be given in case of any illegal activity.
The government has implemented new anti-money laundering rules and regulations on Sunday. These latest regulations require that local fintech companies and virtual trading companies obtain the operating license from the authorities. Any company that would operate without a license will be hunted down.
The Israel Securities Authority, the Capital Markets, Insurance, and Savings Authority, the country’s independent financial regulator, is currently reviewing the local cryptocurrency companies whether they qualify for the license or not. The officials have said that these steps will mitigate the money laundering changes significantly. The current regime does not only work on making digital trading transparent but these regulations will also establish that the cryptocurrency market is a legitimate trade business.
On the other hand, the financial and fintech experts of the country have said that these regulations will play a significant role in making the country’s economic landscape more competitive. This year has seen that the Israeli government has taken bold steps to ensure transparency within the country’s crypto landscape. Back in the month of July country’s finance ministry passed the law that citizens with over $61,000 investment in crypto would require to file tax declarations.
Already, the Israeli guard serves apparently approved security powers to seize crypto accounts accepted to be attached to the aggressor wing of Hamas. The government’s ambitions about cryptocurrency do not end here. As of now, the country’s central bank is working to develop its own digital currency. the Bank of Israel issued a central bank digital currency through a pilot test of a digital shekel as of June 2021. As far as the central bank’s digital currencies are concerned governments across the globe are working on such initiatives. Countries like China, the U.S.A, Israel, the U.K, Germany, and many others are working on developing their own cryptocurrencies. It seems that ruling authorities in Israel are driven by the goal to make cryptocurrency competitive and safe for all citizens.
As far as online trading goes, ElitSolutions is one broker that you should quickly familiarise yourself with, and for a good reason. This broker has been known to provide its traders with a robust trading platform that offers great diversity in all the trading options available to the clients and makes the entire process of online trading more seamless and much smoother. It is fully dedicated to bringing some of the most high-quality features and services to its clients, and traders from all over the world have been known to use ElitSolutions for that exact reason and continue to do so even today. When you sign up with this broker, you will be given access to a wide variety of global leading financial markets, as well as huge earning potentials and flexible trading conditions. Simply put, this broker will provide everything that you will need and more in order to succeed in this industry and make your trading career a prosperous and profitable one. Moreover, you will also be given a lot of trading tools, instruments, and resources to not only earn more money but also gain some relevant experience so that you can gradually become more of a seasoned veteran in the online trading sector. With that in mind, let us now look at everything that this broker provides in detail in our in-depth ElitSolutions review.
Trading platform
Firstly, we must talk about the broker’s trading platform. It goes without saying that in order to have a profitable and seamless trading experience, you need to have a trading platform that is easy to use and offers exactly what you would need. The trading platform may thus be understood as the interface through which traders can carry out their respective online trading activities, and so having an interface that can be understood with relative ease is undoubtedly going to be of great benefit to you. Simply put, the trading platform acts as a kind of bridge between the financial markets and all of the different assets and trading instruments with which you would be interested through the existence of an innovative and intuitive trading platform. The idea of trading online and the execution of it is going to be much easier or much harder, depending on how viable and effective the trading platform is.
With that in mind, the trading platform provided by ElitSolutions is one of the best that we have ever seen as it offers an abundance of useful trading instruments and tools that the broker’s clients would need in order to be successful. This trading platform is exquisite because it also can be used quite easily by even the most inexperienced trader and also because it pays close attention to every single detail that would make such a platform an effective one. ElitSolutions has truly gone above and beyond to make sure that its traders are provided with a platform that really offers a lot of diversity and understands the ins and outs of this industry.
It is highly advanced, and when you start exploring the platform, you will quickly see all of the different features, services, instruments, and tools that are offered. Furthermore, you will be given full customization options, along with a highly detailed dashboard that can make your online trading experience much more unique and individualistic. Moreover, there are multiple tools that have been successfully integrated into the platform itself in order to further help you along with your trades. These tools may include advanced price charts, graphs, diagrams, and other useful instruments. Simply put, you will always be an informed trader when you use this trading platform.
Additionally, the platform is intuitive and simple to use, as aforementioned. In this day and age, a lot of online brokerages tend to neglect the trading platform factor in favor of focusing on the other aspects. While it is true that focusing on other factors such as the asset index and security measures are indeed important, investing in a viable and efficient trading platform is equally important, as, without it, traders will not be able to trade successfully. With this trading platform, you can learn everything that you need to know about it and what ElitSolutions offers within just a few minutes.
What’s more is that you can also take your time in order to learn how everything works, which really should not take all that long, and the fact that this trading platform is fully compatible with all of your devices that possess a stable Internet connection. These may involve your smartphones, tablets, laptops, desktops, and anything else. The platform also has full Android and iOS compatibility. When you use the trading platform, you will be given access to all of the important features and services in one convenient place through which you can trade with some of the top assets that exist within the leading financial markets across the globe. Finally, the act of executing trades has been simplified as you can do it with just a few clicks.
Account options
If we were to talk about the different account options that are provided by ElitSolutions, then you will be happy to know that, unlike various other online brokerages, this broker has provided a whopping six fantastic account types that you can choose from. Each of these account options has been designed with the utmost care while paying special attention to the preferences and needs of the different traders as, after all, each trader is going to have a different set of preferences and needs. So, whether you have been trading for a long time and are a seasoned veteran or someone who is brand new to the industry, there is bound to be an account option that is just right for you. The best part about these account options is also the fact that even if you start out with the most basic type, you can eventually move on to the more advanced account options later on as you progress throughout your online trading journey.
With that being said, let us now look into the different account types that are offered by this broker. To begin with, we have the ‘Standard’ option, which requires a minimum deposit of $10,000 to use. This account type includes a 20% welcome bonus, access to educational resources, a weekly market review, and a weekly portfolio progress report. All of these are certainly incredibly useful tools to have, and this is the cheapest account option provided by ElitSolutions and is also sometimes referred to as the basic account type. Next, we have the ‘Bronze’ account option.
This account type requires a minimum deposit of $25,000 to use and includes a 30% welcome bonus, access to educational resources, a weekly market review, your very own account manager, a portfolio progress report, and also trading alerts. The third account option is the ‘Silver’ account type, and it requires a minimum deposit of $50,000 to use. This account option includes a 40% welcome bonus, a daily portfolio progress report, access to educational resources, a senior account manager, weekly live stream trading webinars, access to trading alerts, account monitoring via a top analyst group, and finally, an end of year summary with a certified and professional tax specialist.
Before we move on to the last three account options, it is worth noting that beyond this point, the account options are going to be more advanced and will cost a lot more money to use. It would therefore be a good idea to stop here if you are not an advanced trader and if you are not all that knowledgeable about online trading. However, if you are looking for more advanced features and services, then you can consider the next account options that we are now going to talk about.
Of course, always keep in mind what your budget and overall risk appetite are before you choose any of these account options. The next account option is thus the ‘Gold’ account type which requires a minimum deposit of $100,000 to use. This option includes a 50% welcome bonus, daily market reviews as well as trading signals, a personal portfolio manager, weekly live stream trading webinars, a fully customized education service, trade alerts, a fully managed portfolio, and no withdrawal fees.
The next account option, which is also the second most expensive choice, is the ‘Platinum’ account type. This option requires a minimum deposit of $250,000 to use and offers a 60% welcome bonus, daily market reviews and access to trading signals, unlimited as well as fully unrestricted access to the broker’s features and services, your very own personal chief portfolio manager, a fully customized education service, access to VIP events, a fully managed portfolio, access to higher pay-outs and super-tight spreads, and finally no withdrawal fees. The last account option which we are going to talk about is the ‘VIP’ account type, and this one requires a minimum deposit of a massive $1,000,000 to use.
Here, you will be given access to a 70% welcome bonus, daily market reviews, access to trading signals, unlimited access to the broker’s features and services, your very own personal chief portfolio manager, a fully customized education service, access to VIP events, a fully managed portfolio, higher pay-outs, super tight spreads, no withdrawal fees and lastly you will also be given access to a savings account. This is the most expensive option by far, but it also offers the most diverse range of services, tools, and features.
Lastly, ElitSolutions has also offered an Islamic-friendly account option for those of the Islamic faith. Muslim traders can therefore enjoy all of the benefits of online trading via these account options without having to worry about things such as interest. This kind of diversity and accessibility is appreciated in this day and age when so many traders hail from different backgrounds, preferences, and beliefs, and it also shows that this broker cares about its traders regardless of personal backgrounds and preferences.
Asset index
Now, let’s talk about the asset index. Of course, the whole reason why you would want to sign up with any given online brokerage, to begin with, is presumably to trade with a specific type of asset or multiple assets. This makes sense as online trading has been booming in terms of popularity and usage for a long time, and as such, a great online brokerage will provide you with a wide variety of different tradable assets that you can work with. With that being said, some of the top tradeable assets which are provided by this broker to its clients involve forex, indices, commodities, and CFDs. Moreover, you can even trade with various cryptocurrencies when you sign up with ElitSolutions which is great because cryptocurrencies are perhaps one of if not the most popular digital assets these days. You can hence trade with various coins such as Ethereum (ETH) and Bitcoin (BTC).
Of course, always keep in mind that no matter what asset you may be trading with, there will always be some semblance of risk. So, make sure that you always do your own research before trading with anything, as well as check your budget and risk appetite prior to taking any kind of action. Also, make sure that the asset of your choice is listed beforehand, which will save you a lot of time, and you can do this by navigating to the broker’s official website and checking out the full list within each category for yourself.
Education
It could be argued that one of the most significant aspects yet often overlooked aspects regarding any given online brokerage is the education factor. You see, it will be very difficult to begin trading online until and unless you have a comprehensive understanding of everything within this industry, including its various topics, terminologies, concepts, and definitions. Traders would ideally also need to have this kind of understanding in order to start earning substantial profits, as well as be aware of which factors may end up affecting the various global financial markets and what to do when this happens. In other words, there is rather a lot that needs to be thoroughly understood before you can even think about becoming an experienced trader in this industry, and this is where having some helpful educational resources will be of great assistance.
With that being said, when you sign up with this broker, you will be given access to some of the most advanced and professional training materials and resources which can be utilized on a regular basis to constantly better yourself and improve your understanding of this industry. You will hence be given access to advanced trading strategies, instructional videos, seminars, webinars, eBooks, and much more. All of these resources can be accessed via the Education Centre provided by ElitSolutions. Finally, in addition to also offering one on one training sessions, this broker has various promotions which can further incentivize you to take advantage of its educational resources. These include the referral of a friend, welcome bonuses, and loyalty programs which you should definitely check out by heading on over to the broker’s official website.
Registration
Finally, let’s talk about registration. Opening an account with ElitSolutions could not be any easier as once again, all you would have to do is to navigate to the broker’s official website and fill out a form by clicking on the ‘Open Account’ button that can be found on the top right corner of your screen. In the form, you’ll be asked to fill in certain details about yourself such as first and last name, a working email address and phone number, your country of residence, a password (which we would recommend that you take your time to carefully construct and note down somewhere safe as the last thing that you would want is to lose it), your time zone, a promo code if you have one, and finally, the currency with which you would like to open an account. Right now, ElitSolutions only offers USD and EUR options, and you can only choose one of these two when signing up.
Furthermore, you should read through the terms and conditions outlined by the broker beforehand, as you will have to accept these prior to being allowed to register. You must also state that you are not a citizen of the United States and that you are over 18 years old. Once you have done all this, you can click on the ‘Open Account’ button at the bottom of the form, at which point the broker will take its time to verify all the information, and it may ask you to submit some extra documentation if need be, although this would be on a case-by-case basis. Once that is all taken care of, you will have successfully opened an account with this broker and registered yourself.
Final verdict
In conclusion, ElitSolutions can be considered to be a very safe, reliable, and trustworthy option and one that can be of great assistance to you as you embark on your online trading journey. All of the features and services are great, and so there is really no reason as to why you should not check this broker out.
Among the list of worst performing cryptocurrencies on the Binance Smart Chain in the past 24-hours, the cryptocurrency on top is Alien Worlds (TLM). The TradingView data shows that the price of TLM has collapsed 10.84% in the past 24-hours, coming down to $0.3814 per TLM. At the time of writing, TLM’s overall market valuation is $348,631,417, making it the 264th largest cryptocurrency in the overall crypto-market. In an entire day, TLM has recorded $356,296,816 worth of trading volume.
The cryptocurrency marching right behind TLM is aelf (ELF). The TradingView data shows that the price of ELF has collapsed 10.14% in the past 24-hours, coming down to $0.5406 per ELF. At the time of writing, ELF’s overall market valuation is $294,366,653, making it the 195th largest cryptocurrency in the overall crypto-market. In an entire day, ELF has recorded $110,628,461 worth of trading volume.
The cryptocurrency marching right behind ELF is SafePal (SFP). The TradingView data shows that the price of SFP has collapsed 9.77% in the past 24-hours, coming down to $2.16 per SFP. At the time of writing, SFP’s overall market valuation is $233,890,083, making it the 313th largest cryptocurrency in the overall crypto-market. In an entire day, SFP has recorded $188,189,587 worth of trading volume.
The cryptocurrency marching right behind SFP is BinaryX (BNX). The TradingView data shows that the price of BNX has collapsed 6.66% in the past 24-hours, coming down to $154.66 per BNX. At the time of writing, BNX’s overall market valuation is $312,858,785, making it the 274th largest cryptocurrency in the overall crypto market. In an entire day, BNX has recorded $63,637,788 worth of trading volume.
The cryptocurrency marching right behind BNX is Anyswap (ANY). The TradingView data shows that the price of ANY has collapsed 4.12% in the past 24-hours, coming down to $14.29 per ANY. At the time of writing, ANY’s overall market valuation is $266,428,538, making it the 295th largest cryptocurrency in the overall crypto-market. In an entire day, ANY has recorded $15,509,446 worth of trading volume.
The cryptocurrency marching right behind ANY is Zcash (ZEC). The TradingView data shows that the price of ZEC has collapsed 3.08% in the past 24-hours, coming down to $253.37 per ZEC. At the time of writing, ZEC’s overall market valuation is $3,338,942,218, making it the 52nd largest cryptocurrency in the overall crypto-market. In an entire day, ZEC has recorded $1,083,257,869 worth of trading volume.
The cryptocurrency marching right behind ZEC is Swipe (SXP). The TradingView data shows that the price of SXP has collapsed 2.28% in the past 24-hours, coming down to $2.31 per SXP. At the time of writing, SXP’s overall market valuation is $445,021,214, making it the 164th largest cryptocurrency in the overall crypto-market. In an entire day, SXP has recorded $89,491,527 worth of trading volume.
from CryptocyNews.com https://www.cryptocynews.com/tlm-elf-and-more-bsc-based-cryptocurrencies-demonstrating-worst-performances-in-past-24-hours/
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The crypto has surged 187% over the past 24 hours.
Here is a guide on how you can invest in REQ tokens.
Request (REQ) has recorded a monstrous bullish rally over the past sessions following the announcement by Request Network on partnering with Coinbase. The token gained nearly 200% immediately after publicizing the partnership deal. Moreover, REQ maintained its bullish momentum till now.
Do you want to try your luck with this coin? Well, you can use this token to understand how to buy, hold, or sell the REQ crypto. This content has you covered.
Where to Buy REQ?
FP Markets
FP Markets combines indices connectivity, metals, and award-winning speed execution with top-notch liquidity to offer investors lucrative trading conditions and tighter spreads. With this trading platform, you can trade Equities, Forex, Cryptocurrencies, Commodities, CFDs, and Futures within a single account.
About REQ Token
REQ is an ERC-20 and Request Network’s native crypto. If you have never heard about Request Network, it is not something new. It is an ETH-based decentralized platform that allows you to request and receive payments without intermediaries. The network uses REQ as its utility coin.
Request Network uses IPFS and Ethereum to upgrade privacy, data ownership, and security for its customers. Moreover, it plans a collaboration with Sandbox to automate Sandbox payments.
Should You Invest in REQ Token?
If you want to invest in crypto that has had a massive bullish run, you might consider investing in REQ tokens. However, do not forget about the volatility involved with cryptocurrencies. Keep in mind that digital coins often record massive surges after deals with cryptocurrency exchanges. Meanwhile, the REQ token has maintained its bullish momentum after the partnership. However, will it be a long-term scenario? Keep in mind that analysts remain optimistic on REQ Token while awaiting the network’s collaboration with Sandbox.
REQ Price Forecast
For now, market players highly anticipate the collaboration between the Sandbox and Request Network as the metaverse craze intensifies. Analysts expect the deal to propel REQ towards record-high prices, targeting $1.18.
What are your thoughts on the REQ Token and its future? You can comment below.
from CryptocyNews.com https://www.cryptocynews.com/req-token-skyrockets-following-coinbase-partnership-where-to-purchase-req/
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Coinbase has always been at the forefront when it comes to innovation in the crypto space. Not only have they been making it easier for crypto investors to better invest in the market, but they are also helping traders better understand how the crypto market works.
Over the years, cryptocurrencies have been infamous for their steep learning curve, as even veterans of the trade have been struggling to understand the market. And now that the crypto market has managed to reach astronomical heights, newer investors are looking to make their way into the market. However, what they lack are the proper tools that could allow them to better understand the market and how it works. Fortunately, Coinbase has come up with a solution for that as well.
Coinbase, one of the biggest cryptocurrency platforms in the market right now, will be releasing a number of tools. The objective of these tools is to ensure that people who are new to the crypto market receive the information that they need to improve at trading. They are looking to be more involved within the crypto community that they have fostered to share the knowledge that they have about the market.
Coinbase shared their thoughts on the issue of education about cryptocurrencies in a recent press release. They stated that their customers are always looking to understand the crypto market better both as a platform and as an investment. But the real thing that these customers struggle with is finding the right information that they need at the right time.
Furthermore, there is also the issue of people offering straight out wrong information about the crypto market, which is also proving to be detrimental to the greater crypto market. Since new investors will be making decisions on the basis of that flimsy information, they are at a greater risk to fall for a scam or make a bad financial decision in general. Either way, the spread of misinformation is also proving to be very dangerous for crypto platforms.
So to deal with both problems with a single solution, Coinbase has decided that an information-sharing tool within their website can prove to be very beneficial to traders both new and old. According to Coinbase, these sharing tools will make it easier and more fun for certain investors to share their insight into the market. They will offer their picks for the fastest-growing crypto and can even tell other people what they think about specific crypto elements.
And given the ideas that they are pitching to their investors, it is very obvious that Coinbase is looking to make a social media platform dedicated to cryptocurrencies. And for all of their success in the past, people believe that they will eventually pull it off.
Since the beginning of the year, Dogecoin has seen a bullish rally, but there have been signs of slowing down from the middle of 2021. There was a lot of hype created about the meme token back in April and May because of the interest shown by Elon Musk, the CEO of Tesla and Spacex. However, there has been a significant slowing down where the token’s activity with retail investors is concerned. But, a look at the recent on-chain data indicates that Dogecoin is actually one of the top 10 contracts that are most used on the Ethereum network. This is an indication that the meme token and its network are experiencing increased action.
According to the current data, Dogecoin ranks seventh when it comes to the most active smart contract found on the chain. The meme coin is holding this position amongst some of the market giants like Chia Coin, BNB and Binance Smart Chain. The increase in on-chain activity is an indicator that buying activity for the meme coin is on the rise. It also indicates that there is a lot of interactive action from users where the Dogecoin smart contract is concerned and this creates buying activity for the meme token.
It seems that the on-chain data is quite different from what seems to be happening in the market. According to statistics provided by Tradingview, as compared to the USD, Dogecoin appears to be weakening. There has been a decline of about 10% in the DOGE/USD trading pair. In the last 24 hours, the value of Dogecoin declined to as low as $0.19, which is a monthly low. The last two months have seen the meme token experience a bull run, but it is currently trading near the lows it saw back in September.
Nonetheless, it is important to note that Dogecoin is certainly not the only meme token that has experienced a significant fall in its value. The majority of the crypto market has entered in the red zone because of a surprising bearish trend. In the last 24 hours, the top cryptocurrency Bitcoin also hit a monthly low of $54,000. Furthermore, since November 10th, the cryptocurrency has suffered from a 21.5% decline in value, after reaching an all-time high of $69,000. On-chain data has highlighted that 90% of the bitcoin that’s sent to exchanges is because of crypto whales.
This is in direct contrast of the events that took place back in September and October because the current data indicates that whales seem to be adding to the selling pressure. Ethereum, the largest altcoin, is also experiencing a notable dip in its price. In the last two weeks, the token has plummeted by 17% and it also hit a monthly low of $3,960. As far as Dogecoin is concerned, it has also faced stiff competition from Shiba Inu, another meme coin that was named the DOGE ‘killer’. But, Elon Musk’s favor of the meme token has helped it in growing quickly and it has prompted people to refer to him as the ‘Dogefather’.
OneDegree is an investment insurance services provider based in Hong Kong. The insurance company has been planning to expand its horizons for quite some time, and it has set its eyes on the cryptocurrency markets operating in Asia. OneDegree officials have stated their latest upgrade and claimed that the prospect of having insurance back up for digital asset trading is going to increase the confidence of the investors.
This is the first time that OneDegree is venturing into the Bitcoin market and has decided to put its stakes into cryptocurrency trading on a commercial level. OneDegree officials have also told the media that they want to become the first Asian Insurer to create the novel model. If OneDegree can get started with the new venture successfully, other insurance services providers are likely to follow in the footsteps of this organization to take advantage of the growing crypto market in Asia.
OneDegree Partners with Crypto Exchange
The race for supremacy among the cryptocurrency exchange platforms is something to marvel at. This new emerging industry has seen many new players going up and making it to the top. Several smaller exchange platforms are only operating on a regional scale for the time being. However, the DeFi and cryptocurrency markets allow these exchanges to go global if they can attract enough attention from the investors.
The Hong Kong Bitcoin Exchange or HKbitEX is one of the platforms that are still struggling to make a name for itself in this field. By partnering with OneDegree, HKbitEX plans to offer digital investors in Asia an opportunity to trade with a safety net. According to local media outlets, OneDegree is going to cover the ON1ON custody forum operating under the jurisdiction of HKbitEX.
At present, the future for crypto trading is plagued with regulatory uncertainty around the world. The co-founder of HKbitEX, Ken Lo told the media that the company aims to attract more institutional investors for the digital asset market. He also highlighted that at present, Hong Kong asset managers are supporting $3 trillion worth of assets under management. He claimed that with digital asset insurance, the company is planning to allow the asset managers to fulfill their fiduciary duties more efficiently. While the standard insurance covers the destruction of wallets from accidental breakages and natural causes, cyber insurance will be able to assure incidents like hacking attacks, malware, and even fraudulent dealings. Hong Kong is considered one of the most potent and opportune financial markets that have started ventures like FTX and Crypto.com.
from CryptocyNews.com https://www.cryptocynews.com/hong-kongs-onedegree-has-announced-to-offer-crypto-insurance/
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According to Nigeria’s Blockchain Industry Coordinating Committee (BICCON), it is against the law for Nigerian financial institutions to decide to arbitrarily close or freeze accounts that belong to entities or individuals who are accused of trading cryptocurrencies. On November 22nd, a public statement was issued by BICCON, which is a coalition of the foremost blockchain and cryptocurrency advocacy groups in the country. This statement advised all affected individuals as well as companies to get legal advice and where appropriate, redress in courts. The body went on to say that no Nigerian organization could be above the law, whether private or public.
It had been previously reported that financial institutions in Nigeria were shutting down or freezing bank accounts of companies and individuals who were suspected of cryptocurrency trading since November 3rd. According to the institutions, they are doing this in compliance with the directive issued by the Central Bank of Nigeria (CBN) that had initially been issued back on February 5th. However, even though banks have made these claims, the blockchain committee stated that it was questionable for these financial institutions to freeze or block accounts just because the account holders were trading cryptocurrencies. BICCON said that the actions of nonbank financial institutions (NBFIs), deposit money banks (DMBs), and other financial institutions (OFIs) were questionable.
It said that the laws that govern the Federal Republic of Nigeria do not permit them to do so. The statement also reiterated the stance of the advocacy group on a directive of the CBN that financial institutions had initially used for justifying the removal of crypto companies from their banking system. Meanwhile, BICCON used the same statement for renewing the spotlight on the crypto industry in Nigeria. It started once more that the CBN was encroaching on the legislature’s law-making powers. It said that a number of accounts of individuals and entities had been closed since 5th February 2021.
BICCON said that being a regulator gave CBN the right to delimit banking operations, but the law does not support the order to banks for freezing or shutting down accounts of those engaging in crypto trading. It went on to say that there was no legislation that had been introduced by the National Assembly that could be used to declare crypto in Nigeria illegal or criminal for that matter. The statement highlighted that failure to review the circular issued by the CBN would be setting a dangerous precedent in Nigeria.
According to the statement, while BICCON is not in favor of the discrimination against the blockchain and crypto industry in the country, they are willing to collaborate with law enforcement agencies, concerned regulators and the government regarding this matter. Currently, there has been a lot of upheaval in Nigeria where these cryptocurrencies are concerned. It appears that the regulatory authority i.e. the Central Bank of Nigeria is not willing to allow crypto trading to continue in the country, as the assets are believed to be volatile and this has led to problems for people who are interested in this space.
Among the list of top losers, it is Inferno Pay (IFO) that has earned the top spot for being the highest loser in the past 24-hours. The data surrounding the list of top losers shows that in the past 24-hours, IFO has observed over 97.60% plummet in its price. As a result of the plunge, the price of IFO is down to $0.00003021 per IFO. In the past 24-hours, IFO’s trading volume has come down to $296,013.
The cryptocurrency after Inferno Pay in the list of top losers is Blizzard Network (BLIZZ). The data surrounding the list of top losers shows that in the past 24-hours, BLIZZ has observed over 97.55% plummet in its price. As a result of the plunge, the price of BLIZZ is down to $0.2164 per BLIZZ. In the past 24-hours, BLIZZ’s trading volume has come down to $363,228.
The cryptocurrency after Blizzard Network in the list of top losers is the ALL BEST ICO (ALLBI). The data surrounding the list of top losers shows that in the past 24-hours, ALLBI has observed over a 91.40% plummet in its price. As a result of the plunge, the price of ALLBI is down to $0.001047 per ALLBI. In the past 24-hours, ALLBI’s trading volume has come down to $2,060,628.
The cryptocurrency after ALL BEST ICO in the list of top losers is Floki Loves ADA (FADA). The data surrounding the list of top losers shows that in the past 24-hours, FADA has observed over 80.70% plummet in its price. As a result of the plunge, the price of FADA is down to $0.000001002 per FADA. In the past 24-hours, FADA’s trading volume has come down to $481,638.
The cryptocurrency after Floki Loves ADA in the list of top losers is Solar Energy (SEG). The data surrounding the list of top losers shows that in the past 24-hours, SEG has observed over 77.90% plummet in its price. As a result of the plunge, the price of SEG is down to $0.0009237 per SEG. In the past 24-hours, SEG’s trading volume has come down to $2,161,529.
The cryptocurrency after Solar Energy in the list of top losers is Sheep Game (AWOOL). The data surrounding the list of top losers shows that in the past 24-hours, AWOOL has observed over a 67.00% plummet in its price. As a result of the plunge, the price of AWOOL is down to $0.0523 per AWOOL. In the past 24-hours, AWOOL’s trading volume has come down to $4,473,974.
The cryptocurrency after Sheep Game in the list of top losers is R U Generous (RUG). The data surrounding the list of top losers shows that in the past 24-hours, RUG has observed over 66.80% plummet in its price. As a result of the plunge, the price of RUG is down to $369.11 per RUG. In the past 24-hours, RUG’s trading volume has come down to $1,476,510.
from CryptocyNews.com https://www.cryptocynews.com/ifo-blizz-allbi-and-more-cryptocurrencies-among-top-losers-in-past-24-hours/
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On Monday, Ripple Labs’ CEO Brad Garlinghouse said that the company is making great strides in its legal battle with the US Securities and Exchange Commission (SEC). The case is centered on fintech’s cryptocurrency, XRP, which is currently the seventh-biggest in the market. Garlinghouse said that they expect to have an outcome as early as next year. He said that even though the judicial process is slow, they have already made some good progress. He said that the judge was asking some good questions and it shows that the judge is aware that it is not just about Ripple because it will undoubtedly have broader implications.
Garlinghouse added that he was hopeful of seeing some closure in the coming year. Based in San Francisco, Ripple generated a significant amount of buzz during the crypto frenzy that occurred between 2017 and 2018, when prices of bitcoin, ether and some other cryptocurrencies hit record highs. This rally also benefitted the token XRP, which is closely associated with Ripple, and it reached an all-time high value of $3. Since then, it has declined rather dramatically, but it is now riding the latest crypto wave and has made gains of 370% year-to-date. The technology of Ripple is developed to allow banks and other financial services companies to send money across borders at lower cost and much faster.
Another product is also marketed by Ripple that uses XRP for cross-border payments and is known as On-Demand Liquidity. The SEC has expressed its concerns about the company’s ties to XRP and alleged that its executives conducted an unregistered securities offering for selling XRP tokens worth $1.3 billion. However, Ripple has argued that XRP should not be classified as a security because this would bring it under a lot of regulatory scrutiny. This case comes as regulators all over the world are taking a close look at cryptocurrencies.
The crypto space remains mostly unregulated, but has experienced a massive boom since last year. According to Garlinghouse, some countries like Switzerland, Japan and the United Arab Emirates have shown ‘leadership’ where regulation of crypto is concerned, whereas India and China have chosen to crackdown against the industry. The CEO said that generally, the direction has remained positive. The former chief executive of Credit Suisse, Brady Dougan said that regulation in crypto is an important area and would take time to develop. He is now running fintech company Exos and said that the market is still in its development stage and is quite healthy.
A privately-held firm, Ripple had last been valued at a whopping $10 billion and some of its investors include prominent names like Japan’s SBI Holdings, Andreessen Horowitz and Alphabet Inc.’s venture capital arm GV. The case will obviously have repercussions depending on how things turn out for Ripple in the future. For now, the CEO and the company remain undisturbed about the ongoing proceedings as they believe that things are going in their favor. But, it is obvious that the SEC does not intend to take the issue lightly and will pursue the matter.
Among the list of top-performing digital assets on the Polkadot Network in the past 7-days, Bondly (BONDLY) is a digital asset that comes at the top. The data shows that in the past 7-days, BONDLY’s price has soared by 112.76%, shooting its price all the way up to $0.749 per BONDLY. BONDLY’s trading volume in the past 7-days has been $18,906,182, translating to 27,417,600 GUM in rotation.
RAI Finance (RAI) is next on the list of top-performing digital assets on the Polkadot Network. The data shows that in the past 7-days, RAI’s price has soared by 66.52%, shooting its price all the way up to $0.846 per RAI. RAI’s trading volume in the past 7-days has been $30,842,445, translating to 36,457,643 RAI in rotation.
Ceres (CERES) is next on the list of top-performing digital assets on the Polkadot Network. The data shows that in the past 7-days, CERES’s price has soared by 57.00%, shooting its price all the way up to $273.83 per CERES. CERES’s trading volume in the past 7-days has been $2,669,561, translating to 9,749 CERES in rotation.
PARSIQ (PRQ) is next on the list of top-performing digital assets on the Polkadot Network. The data shows that in the past 7-days, PRQ’s price has soared by 31.89%, shooting its price all the way up to $0.8475 per PRQ. PRQ’s trading volume in the past 7-days has been $10,240,683, translating to 12,083,382 PRQ in rotation.
PolkaFoundry (PKF) is next on the list of top-performing digital assets on the Polkadot Network. The data shows that in the past 7-days, PKF’s price has soared by 27.70%, shooting its price all the way up to $2.10 per PKF. PKF’s trading volume in the past 7-days has been $8,084,867, translating to 3,847,118 PKF in rotation.
PAID Network (PAID) is next on the list of top-performing digital assets on the Polkadot Network. The data shows that in the past 7-days, PAID’s price has soared by 22.82%, shooting its price all the way up to $0.6229 per PAID. PAID’s trading volume in the past 7-days has been $3,239,387, translating to 5,200,120 PAID in rotation.
Celer Network (CLR) is next on the list of top-performing digital assets on the Polkadot Network. The data shows that in the past 7-days, CLR’s price has soared by 21.21%, shooting its price all the way up to $0.1283 per CLR. CLR’s trading volume in the past 7-days has been $1,536,108,783, translating to 11,970,692,501 CLR in rotation.
Efinity Token (EFI) is next on the list of top-performing digital assets on the Polkadot Network. The data shows that in the past 7-days, EFI’s price has soared by 19.87%, shooting its price all the way up to $1.54 per EFI. EFI’s trading volume in the past 7-days has been $136,656,550, translating to 88,527,774 EFI in rotation.
from CryptocyNews.com https://www.cryptocynews.com/bondly-rai-ceres-and-more-cryptocurrencies-on-polkadot-network-among-top-performers-in-past-7-days/
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Many things make a trading company better and suitable for traders. This is because every trader is unique and requires a range of trading services unique to them. However, not all trading companies are willing to diversify or expand their trading services as widely as XCGIN has done. In this XCGIN review, you will learn about some of the main facts and features that help the traders on this company’s platform make the most out of their online trading activities. A good trading company supports and answers its customers whenever they require it.
Take a better look at the company through this review when you learn about the most important trading services of XCGIN. Several qualities make the company suitable for a range of traders.
Instantaneous Response from Customer Support
You won’t find the same level of customer service in a lot of trading companies. Only a handful of online trading services provider realizes the need and importance of offering prompt customer service. Did you know that the company is well-informed and knows what kind of queries and questions can arise among traders when utilizing trading services? XCGIN knows that every trader operates with a different set of financial goals when compared to another fellow trader. Therefore, all traders should receive instant customer support.
The company offers professional customer service representatives who offer instant solutions to the technical issues and queries of traders on the platform. If you have any queries or questions regarding the range of trading services offered by the provider XCGIN, you can call the customer service reps any time during working hours. You will surely receive a prompt response because the reps are trained and educated on online trading issues.
A Balanced Trading Environment
Most often, you will come across companies that don’t want their traders to learn about online trading. Those companies want the individual traders to remain in the dark and keep utilizing their money in online trading through their trading platforms whether they’re losing or profiting from the trades. However, the company XCGIN knows that no trader should experience such a poor trading career and services. Hence, the firm has taken it upon itself to offer all the right features and trading tools to help customers achieve their financial dreams.
The trading tools and features on the platform of this trading services provider are highly easy to use and access. Moreover, the company has also dedicated learning material on the platform which helps all new traders enhance their knowledge of the trading world. In addition to that, the company offers huge leverages and tight margin requirements which create a highly flexible trading environment for everyone.
Lack of Hidden Fees and Commissions
This is something that hundreds of thousands of online traders today wish was true with their company. However, you may already know that thousands of online trading services providing firms are now trying to seek more revenue and generate more profit by imposing additional fees and extra service charges on their customers. While this benefits the company in the short term, they eventually lose their traders in the long run. This is because the traders lose most of their trading funds and profits into commissions and have very little left for them.
If you’re among those traders who fear that their chosen company might abandon them after reaping extensive fees and commission charges, you shouldn’t worry about XCGIN. You can read the company’s comprehensible trading terms and conditions right when you’re signing up to know what kind of commissions and service charges you’ll be responsible for when trading with XCGIN.
Conclusion
So, if you require some of the best online trading services in the industry, you can contact the company XCGIN at any time. There are no holds to who can enter the online trading industry and reap the benefits of the liquid financial markets of today. However, you must have some form of experience and knowledge before investing your real money.
When it comes to performing online trades, everyone wants to have access to one of the best trading platforms. If you are trying to get into the online trading industry, then you would also want to have access to a resourceful platform. However, if you try and get onboard with DXCBIT, you would definitely have access to more than just online trades. In my DXCBIT review, I am going to talk about how the platform is able to offer you more than just an investment opportunity.
Customer Support through Multiple Channels
In order to aid you round the clock, DXCBIT has put together a customer support team that is available 24/7. Surprisingly, DXCBIT doesn’t just have the support for you through single but multiple modalities. These modalities include email, chat, and landline support, as well as callback requests through an online form. You will find the support teams at DXCBIT very supportive, responsive, prompt, and vigilant in responding to your requests.
Education and Tools
While you are connected with DXCBIT, it offers you the chance of enhancing your knowledge and information surrounding online trades. The exchange does it by offering you extensive a highly informative educational program. The program includes online trading courses, one-on-one trading sessions, webinars, and more.
If you think that the educational courses are extra support, then the trading tools will be cherry on top. The exchange has been offering trading tools such as trading calculator, trading signals, market analysis reports, and more in the form of tools. You can continue using these features to your benefit and keep yourself well informed about surrounding online trading markets.
Fundamental Components offered by DXCBIT
When it comes to fundamental offerings, DXCBIT makes sure you have abundance of options in terms of trading assets, accounts, and platforms.
When it comes to trading assets, DXCBIT offers you with commodities, forex, indices, stocks, and cryptocurrencies. These are all major trades that you can invest money in and surprisingly, DXCBIT offers you all of them.
You cannot start trading with DXCBIT until you have a trading account with the exchange that has funds in it. Even in this department, DXCBIT has you provided with several options based on your trading experience. If your knowledge of the online trades is zero or basic, you can go with the basic trading account and then climb the ladder as you gain more experience. You can upgrade your subscriptions to silver, gold, and platinum respectively, as you gain more experience. Each account offers you a welcome bonus to give you an extra boost as you join the DXCBIT club.
All the efforts of choosing an instrument and a trading account would go to waste if there wasn’t a reliable trading platform to support them all. This is where DXCBIT has you covered with two kinds of trading platforms. The first one is the web-based trading platform that you can access from anywhere through a browser. The second one is MT4 that comes with its own trading terminal. These platforms are loaded with all major features, functionalities, and services you need in order to perform smooth trades.
Can’t Move Ahead with a Deposit
If you wish to open an account with DXCBIT and start trading, you need to make a deposit to do that. This is where you have access to options such as Skrill, Visa Cards, MasterCards, Cashu, and through Bitcoin wallet. The same options can be selected when it comes to making withdrawals through DXCBIT. Please keep in mind that the process of withdrawal may take up to 4 working days so do not lose patience.
Know-Your-Customer and Anti-Money Laundering Regulations
DXCBIT has been known for offering investors an ethical and the most professional trading environment. The exchange does it by demonstrating strong adherence to the regulatory policies that include the KYC and AML guidelines.
Ending Thoughts
If you are thinking that the online trading industry is something that does not need time and dedication, then you are off to a bad start. The industry requires you to have all of these attributes and if you have none, then you need to first work out on building them. Once you have done that, then the online trading experience will become positive for you.
As always, Bitcoin (BTC) continues to rule the cryptocurrency market with its price and market capitalization. However, the largest cryptocurrency in the crypto-verse doesn’t seem to be showing promising performance in the past 24-hours.
The data presented by CoinMarketCap shows that Bitcoin’s price has tumbled by 5.74% in the past 24-hours. At present, Bitcoin’s market capitalization is over $1 trillion, and the trading volume demonstrated by Bitcoin in the past 24-hours is over $34.50 billion.
Making it to the list after Bitcoin is Ethereum (ETH). Ethereum’s price has tumbled by 6.51% in the past 24-hours. At present, Ethereum’s market capitalization is over $480 billion, and the trading volume demonstrated by Ethereum in the past 24-hours is over $18.90 billion.
Making it to the list after Ethereum is Binance Coin (BNB). Binance Coin’s price has tumbled by 5.62% in the past 24-hours. At present, Binance Coin’s market capitalization is over $90 billion, and the trading volume demonstrated by Binance Coin in the past 24-hours is over $2.20 billion.
Making it to the list after Binance Coin is Solana (SOL). Solana’s price has tumbled by 7.13% in the past 24-hours. At present, Solana’s market capitalization is over $65 billion, and the trading volume demonstrated by Solana in the past 24-hours is over $3.50 billion.
Making it to the list after Solana is Cardano (ADA). Cardano’s price has tumbled by 5.05% in the past 24-hours. At present, Cardano’s market capitalization is over $59 billion, and the trading volume demonstrated by Cardano in the past 24-hours is over $1.50 billion.
Making it to the list after Cardano is XRP (XRP). XRP’s price has tumbled by 3.35% in the past 24-hours. At present, XRP’s market capitalization is over $48.8 billion, and the trading volume demonstrated by XRP in the past 24-hours is over $2.80 billion.
Making it to the list after XRP is Polkadot (DOT). Polkadot’s price has tumbled by 6.11% in the past 24-hours. At present, Polkadot’s market capitalization is over $38.5 billion, and the trading volume demonstrated by Polkadot in the past 24-hours is over $1.50 billion.
Making it to the list after DOT is Avalanche (AVAX). Avalanche’s price has increased by 2.92% in the past 24-hours. At present, Avalanche’s market capitalization is over $30.80 billion, and the trading volume demonstrated by Avalanche in the past 24-hours is over $3.20 billion.
Making it to the list after AVAX is Dogecoin (DOGE). Dogecoin’s price has tumbled by 4.32% in the past 24-hours. At present, Dogecoin’s market capitalization is over $28.90 billion, and the trading volume demonstrated by Dogecoin in the past 24-hours is over $910 million.
For now, the cryptocurrency industry seems to be facing a slight downfall. However, there is a chance that the industry may soon experience a high-trend.
from CryptocyNews.com https://www.cryptocynews.com/major-cryptocurrencies-and-their-price-movements-in-past-24-hours-and-more/
via Bitcoin News
via Bitcoin News Today
Five Star Bank of New York and UNIFY Financial Credit Union of California are the earliest institutions across the United States to permit the trading of Bitcoin via a platform under NYDIG (New York Digital Investment Group) and Q2 Holdings (an Austin-based institution). With the help of the Q2 Digital Banking Platform, investors will be capable of utilizing a mobile or desktop banking app being branded by the respective banks for purchasing, trading, or holding Bitcoin along with additionally having an eye on the Bitcoin balance thereof simultaneously to the fiat accounts thereof. There are about 10 tabs available on the interface of the application to explain the blockchain, Bitcoin, corporate business development, and emerging businesses, as stated by the executive vice president of Q2 “Jonathan Price.”
He added that they own a vigorous pipeline of consumers, and the interest level regarding the institution is much high. He mentioned that there are several consumers currently in the initial adopter stage and an additional movement for the deployment of more institutions is expected to begin in the latter part of this year. Price described that the offering will expectedly be made available to a minimum of 450 credit unions and banks utilizing Q2’s platform for digital banking, during the early period of 2022.
The announcement further referred to the developing tendency of banks towards declaring the option for the utilization and trading of cryptocurrencies. For instance, in September, BTG Pactual (a brazil-based investment bank) declared that it is near to introducing a unique platform named “Mynt” which would aim at trading Ether and Bitcoin. For the radical availability of the respective platform for utilizing digital banking and making investments, specific applications would be offered. Back in June, It was announced by NYDIG that the organization would collaborate with NCR Corporation to enable 650 credit unions and banks to offer the purchases of Bitcoin.
As per NYDIG, the company’s research inferences brought forth that up to 20% of the adults living in the United States with Bitcoin holdings have above 80% of the investors being interested in storing assets through the go-to bank thereof or a credit union on getting the opportunity. The evolution of consumer and market trends suggests that a mounting figure of customers is pursuing convenient and secure entrees to Bitcoin by their trusted sources, as Sean Willett (the chief administrative officer of Five Star Bank disclosed in a recent press release.
from CryptocyNews.com https://www.cryptocynews.com/two-banks-in-the-united-states-have-signed-up-for-btc-trading-platform/
via Bitcoin News
via Bitcoin News Today
As per the latest reports, Injective Protocol has made an announcement in regards to the launch of its mainnet. Injective Protocol is a famous trading platform that is operating within the decentralized finance (DeFi) space.
The firm has recently announced that it is in the process of launching its mainnet. Injective Protocol has made the announcement after reportedly making an announcement surrounding its incentive program.
According to the platform, the incentive program will be worth $120 million and it will be for the benefit of many entities within the crypto-verse. Injective Protocol has announced that decentralized finance projects, market makers, and traders will be able to benefit from the program.
The announcement in regards to the launch of the mainnet as well as the incentive program was made by Injective Protocol on Tuesday, November 16, 2021.
The firm has provided more information surrounding the launch of the program through the press release. The firm has revealed that it will be launching the first-ever derivatives markets for the decentralized finance sector. It will be for the first time that the derivatives markets will be launched using the IBC Oracle.
IBC Oracle is a third-party service that is based on the Cosmos protocol. It provides users with access to data that is off-chain and external.
The firm has announced that through the mainnet, the users will be able to trade through a number of cryptocurrencies. For now, the cryptocurrencies they have made available include Wrapped Ethereum (wETH), Axie Infinity (AXS), Chainlink (LINK), and Bitcoin (BTC). Most importantly, the users will be able to INJ for the trading on the protocol. INJ is the utility token that has been introduced by the protocol.
It is the INJ community that approves the cryptocurrencies that the users can use for trading. For now, these are the cryptocurrencies that the INJ community on the protocol has approved to trade. However, more proposals have been made, which means that the users may have access to more cryptocurrencies for trading purposes. The assets currently in the pipeline include synthetic assets indexes, altcoins, and many other assets.
It has been confirmed that the launch of the mainnet is a combined effort that has been made by both Injective Labs and IBC. It has been observed that for some time, Injective Labs has been reaching out to several investors for their investments.
The investors being approached by Injective Labs are high-profile individuals with a lot of influence and power both, within and outside the crypto-verse.
Injective Labs is also aiming to bring major capital firms on board so it can harvest huge capital from them. It was back in April of 2021 when Injective Labs had reportedly raised $10 million from a funding round. It was supported by Mark Cuban, Pantera Capital, and CMS, among others.
from CryptocyNews.com https://www.cryptocynews.com/120-million-worth-of-decentralized-finance-incentive-program-launched-by-injective-protocol/
via Bitcoin News
via Bitcoin News Today
Are you someone who has been associated with the online trading and investment industry for a long time? Whether you invest your money in digital currencies of other types of assets, you must be aware of the concept of leverages and how they can help you amplify the profits you earn on your trades. Now, for someone who has been researching online brokers and companies for a long time, they must have noticed that the leverages on other assets are much bigger than the leverages on crypto coins.
Is there a specific reason behind that? Should you be concerned and should you try to know the reason for that? The fact of the matter is that there are several reasons behind this common occurrence and you should definitely pay attention to the details here. Let’s take a look at some possibilities.
Exceptionally Big Movements in the Crypto Market
So, if you are someone who has spent any amount of time investing and trading, you definitely know how leverages work in both directions. Most new traders believe that they should use leverages because they can help them make a lot of profit. What they don’t realize is that leverages can affect them in ending up with losses in just the same way as it can help them make money. The thing about the cryptocurrency market is that it can take some huge swings. Within the same day, there have been 20% upswings and downswings in this market.
This ultimately means that if you end up with a downswing or the movement of the price opposite to your prediction, you could end up with huge losses. To make matters worse, not all online platforms offer you negative balance protection. This means you can end up with negative balance and that money is taken from you as soon as you make another deposit.
Mostly New Traders Trading
You have to admit the fact that most of the traders in the cryptocurrency market are new to trading. These are young people who want to take a shot at stable futures and financial stability. They want to trade and make money but they are not fully aware of the concepts that are a part of this industry. When you invest money in an asset, no matter if it is a crypto asset, you face the risk of losing all the money. When you are new, the chances are much higher for you than they are for someone who has been trading for many years. In other words, there are higher chances that you will lose the trade and end up with a huge loss because of the leverage.
Another issue is that these new traders are not able to calculate the damage they can incur due to leverages on their trades. If 1:100 means $100 from your broker for every single dollar you spend, imagine how much money you will be investing in a trade that requires at least $1000 for you to trade it.
Platforms Want Their Safety Too
When you trade online, especially when you go with cryptocurrencies, you might deal with CFDs. When you trade these contracts, you are not trading the actual asset. You are only trading contract that carries a certain value on it. The company that has introduced cryptocurrencies on its asset index wants some safety for itself as well. Now, it might come to you as a surprise but most brokers are trading against you when you choose a trading platform. In other words, they are investing in buying as well as selling the same asset. By offering enormous leverages, they can get in trouble too.
Final Thoughts
It is important that you understand the nitty-gritty of things before you invest your money in any endeavor. Trading online is great, especially when you go with the newest asset i.e. cryptocurrencies. However, it will pay off at the end for you to research and pick your options after thorough consideration.
