Tether Introduces Pesos-Pegged Stablecoin on Polygon, Tron, and Ethereum

During the emergence of issues in the sector of stablecoins, USDT (Tether) released a unique digital asset to be pegged into the peso of Mexico on the networks of MATIC (Polygon), TRX (Tron), and ETH (Ethereum). A declaration was made by Tether recently in which it stated that the ticker of the token will be MXNT and it will be additionally included in the list of Tether’s stablecoins that are pegged into fiat currencies taking into account CNHT (pegged to Chinese yuan), EURT (pegged to euro), and USDT (pegged to the dollar).

While referring to the reports dealing with the demand for crypto as well as blockchain technology among the firms within Mexico, the stablecoins issuer mentioned its viewpoint regarding the latest move, asserting that a new opportunity would be provided in this way as an economic option for the transaction of the asset throughout the region.

As expressed by Paolo Ardoino, the chief technology officer of Tether, a remarkable increase in the utilization of cryptocurrency in Latin America has been a driving force at the back of their decision to have an expansion. He elaborated that the release of a stablecoin that is peso-pegged will let Mexico-based citizens conveniently utilize it as a store of value.

In addition to this, Ardoino claimed that the MXNT has the potential to decrease the volatility for the people who are pursuing to transform the investments as well as the assets (which are fiat-based) into digital currencies. The group moved on to point out that this step will provide value to the progressing market by giving a testing field to onboard many new crypto consumers living within the area.

They also disclosed that in this way a precedent will also be set for the release of several other stablecoins that would be pegged to the peso. In May’s early days, USDT expressed some indications that it was under some pressure, being traded under the line of $0.99 on a few prominent crypto exchanges.

Nonetheless, the chief technology officer of Tether assured the community regarding their ability to endure up to 300M USDT coins’ redemption in just one day and that there would be no requirement for extra effort. On that very day, the company additionally declared to transact nearly 1B USDT tokens from the blockchain of Tron to Avalanche (AVAX) and Ethereum.

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Guide 2022: Top Tips to Follow To Secure Your Cryptocurrency Wallets

Security is known as among the first and foremost promises made by blockchain-based technology as well as by cryptocurrencies. This counts to be one of the concerns that people contemplate while considering being a part of this burgeoning industry. On the other hand, traditional financial organizations have a drawback of centralization. The investors feel insecure while dealing with them as they thoroughly monitor their transactions and other operations. Hence, with the advent of cryptocurrency (which is free from any centralized control), people have the opportunity to do their financial activities without being watched.

Nonetheless, during some of the previous years, numerous reports have been witnessed that dealt with the traders and investors mentioning that they lost their precious savings in crypto, due to diverse reasons. These factors take into account inadequate management of private keys, phishing scams, and hacked exchanges along with several other methods that the malicious people can utilize to launch an attack on your savings as well as likely take them away from you. Such incidents are prevailing around the market and novice people become the target of the bodies involved in such bad deeds.

In the case of Bitcoin (BTC) and cryptocurrency in general a person does not require a bank anymore. Nonetheless, as opposed to conventional banking, a major minus point in the case of nearly all types of digital currencies is that once these assets are extracted from a wallet, there is not any method with which you can get them back, signifying that no insurance is provided to you.

All these elements point toward the supreme worth of taking every appropriate measure that can be taken to ensure that the crypto assets in your possession are safe and sound with no external hazard posed to them.

Remember: Your Wallet Should Be Secured to Protect Your Crypto

There is a requirement for you to be aware that blockchain does not pose any hazard to their crypto assets straightly however the intermediaries like an exchange or the wallets used by them are the things that cause their information – in which the private keys to the customers’ wallets are also included – to be tracked as well as kept at the provider level. That is the point from where the respective details can be accessed by the hackers and they can potentially rip off your asset savings in no time (sometimes even without your notice).

At the moment, a rise is taking place in the struggle between several digital wallets, in parallel with the increase in the digit of people who utilize cryptocurrencies. This scenario is making it difficult for the users to decide between the ever-increasing wallet-providing platforms. You should be extremely careful while making a decision about which wallet to opt for their usage. A general guideline that you must follow in this matter is that you should just use those crypto wallets that have prestigious firms as their developers with an excellent history of their work. In this respect, you are advised to approach our trusted guide regarding trustworthy crypto wallets.

Nevertheless, once you have gone through that, a lot of other aspects are also necessary to be taken care of by you if you want to safeguard your Bitcoin and the rest of your crypto assets. Let’s look at 10 tips that you need to have absolute knowledge of to keep in line with them.

Don’t Rely Too Much on One Wallet: Utilize Cold Storage as well

This is referred to be a remarkable practice in the terms of not only the investment but also when security is concerned. It should never happen that you put the entirety of your crypto-based assets in one wallet, no matter if you move toward cold or hot storage for this purpose. The negative consequences of this come to the front at some unfortunate events when the only wallet – by any means – gets attacked or damaged because of some other reasons, leaving no room behind for the user to pursue some other way.

The most suitable move to tackle this issue is that you should utilize more than one crypto wallet simultaneously and divide your savings to be put in all of them so that you will not be affected much by the loss of one.

Another strong recommendation is the utilization of cold storage devices which are also known as offline wallets. Such wallets do not have any connection with the internet and, in this way, cannot be compromised until and unless the owner becomes prey to some phishing scam, which is additionally described under. Ledger and Trezor have a prominent place among the brands for cold wallets.

Be Cautious with Your Computer and Mobile Device

At present several crypto wallets offer a mobile app to their customers for their convenience, and there are a lot of chances for these applications to be manipulated on the behalf of the hackers. In terms of doing the management of mobile based-wallets in your possession, you should be focused on three things that have considerable prominence.

First among them is that you should never utilize an open Wi-Fi connection for activities related to your crypto wallets. In the second place, disable auto-updates for the operating system of your device as well as the applications. Install updates manually – nevertheless – if you find some security infringement, wait for some time in advance of updating. In addition to that, always utilize a 2-Factor Authenticator (2FA) if it can be implemented. This denotes a timely-modifying code and Google Authenticator is considered to be the app that is most widely used in this dimension. In this process, the second security layer will demand a code to log in every time while opening your account or wallet. It certifies that it will be improbable to log in to your account until you have physical access to your device (before someone hacks it).

Along with this, protect your device with a password, to make sure that your applications – particularly the app with 2FA – remain out of the others’ (e.g. stealer) access. Do not ever permit Google Chrome and/or the rest of the password-saving instruments to auto-save the passwords related to crypto wallets. Systematically check if the antivirus tool (that protects your phone and PC) is up-to-date for definite protection.

An extra endeavor that you can do, if you trade crypto professionally, is buying a mobile device that will only be used by you for crypto-related things. In that very device, you will not keep any other applications as there are chances that one of them can be utilized by some hacker to get to the precious information of your crypto wallets to exploit them.

Service Security

While moving ahead to add some more measures to the previously mentioned ones, it is of great importance to shift your crypto from a device that requires some servicing. The things included in this are hardware updates, software updates, and other related issues. You are also recommended not to leave your device out of sight and not ever hand it over to any person. Even if you think that you are giving your device to someone you trust, something might accidentally be done by them due to which the security would get compromised, notwithstanding whether it was intended or not.

As far as the software updates are concerned, offline crypto wallets will always demand you to be keen about their timely security fixes as well as upgrades. With the latest security upgrades’ incorporation into your wallet, you can be on the safer side from many of the security glitches about the severity of which you know nothing. As noticed in most of the cases, the newly introduced updates for the software wallets also contain unique features that could enhance your crypto’s protection. To take this to a further level, all of your gadgets used for storing crypto should have exclusive security features installed in them.

Backup Your Crypto Wallets

One more of the vitally important instructions is that you should permanently store the private keys to your wallets at some offline place. That can help hinder the hackers from getting into your wallets. So should be the case with the backups of those private keys, making sure that they are also kept offline.

Besides this, a recommendation deals with a backup to be stored somewhere external to your home additionally. The benefit of this step is that the respective backup can be accessed in the situation of a natural disaster or another inadvertent incident like an earthquake, fire, or other such occasions by which your home’s integrity might get jeopardized.

Even though this might sound astonishing, one of the recommended places for storing your wallet’s private keys other than your home could be your bank’s safe. For sure, this should work as just a backup, you can keep the private keys at any place that you think is convenient for you and where no one else has an access to them.

Utilize No-Log VPN

You should consider using Virtual Private Network (VPN) to conceal your crypto wallets’ footprints while performing any transfer of funds. When you use a VPN, the IP address of your device is changed and it becomes hard for an exploiter to reach to track down the real address of your wallet. Many high-status platforms are developing no-log VPN applications. To do this, search for the no-log VPN service providers online.

Be Careful of Phishing Scams

During the recent two years, a noteworthy upsurge has been seen in phishing scams with the involvement of numerous new people within the sphere of cryptocurrency. Such rising figures have a very negative impact on the overall reputation of the crypto industry and it is being extremely damaged in this way.

There are several methods through which your device’s security can get compromised by someone. These take into account fake ads on YouTube, Facebook, or Google, false apps (that are wrongly uploaded to the Google Play Store as well as the App Store, phishing domains (that operate by imitating the famous as well as the prevailing websites, and the other ways

If you provide your private key to a website of some phishing scam, the possible outcome may be that the crypto assets in your wallet will surely be taken away by that platform in no time. That’s not all, the most dangerous part is that such scams are efficiently structured to present the exact copy of the original venues with hardly leaving any spot to trace them, and sometimes the professional and experienced people also get entangled in them.

That is why people are always advised not to ever move toward a website that does not come under the list of your trusted ones and might be risky for the protection of your device and crypto wallet. To be sure, you need to examine the apps that have been downloaded by you, up to 2-3 times, that there is no fraud in them and that they represent the 100% original venues.

It was reported earlier that a similar misfortune fell upon a consumer who did the mistake of downloading such a look-alike application of the well-known crypto wallet called Exodus.  The very unlucky event did not end well as the customer witnessed the drainage of assets from the crypto wallet thereof. An amount of up to $80,000 in NEO and Ethereum (ETH) tokens was lost subsequently.

Double-Check the Recipient’s Address

A challenging factor that bothers crypto consumers is related to selecting the wrong address and thus there is a chance for the funds to potentially be lost forever with no way to have them recovered. This is one of the reasons why you need to check the address thrice before you decide to send any transaction amount. Some malicious programs also exist in the market with which a simple process of copying and paste can be done to fool you and eventually you paste a wrong address that does not belong to your recipient but rather a bad person. A usual method to confirm that your transaction is safe is to initially send a little payment and then the whole payment subsequently.

Validate the URL Locks

While utilizing a web-based wallet, it should be your priority to confirm that an SSL security spot is present in your browser’s address window. This is the indication that the website you are visiting is a secure and encrypted one. To further dig into the detail of this security, you can check by modifying the starting letters of the address. If you put HTTPS instead of HTTP at the start of an address, this will present a lock symbol with the URL.

Do Not Store Majority of Crypto Assets on Exchanges

Though it is true that many of the crypto exchanges that are front-running the market are thought to be safe along with the provision of insurance, it is not a sensible decision to allocate a great among of crypto in your possession to be on the mercy of such exchanges. It simply means that if your keys are not solely limited to you and some 3rd party like the exchange gets involved with it then there are chances of your Bitcoin getting stolen.

One thing is clear at this point saying that you should only keep as many funds on crypto exchanges as you intend to trade with as – a situation may arise where someone hacks those assets – you would not feel much remorse for that. It has in advance been witnessed that various highly reputed exchanges (among which KuCoin is the most recent) fell prey to exploiters. Apart from the incidents related to hacking, another thing that might be responsible for your crypto being jeopardized is if the venue you are utilizing is held accountable by law enforcement agencies.

 Ascertain the Privacy of Your Holdings

A frequently cited saying in the world of cryptocurrency deals with the traditional $5 wrench attack. This simply states that you could be threatened to be put to death by someone who just holds a wrench (that is available for only $5 at the majority of the stores) for not providing him the private keys to your wallet. To put it in simple terms, it is of no use if your implement more and more latest technologies like wallets with multi-signature facilities and so on if an attacker is hell-bent on depriving you of your holdings as there is no worth of any such technologies or even life in his eyes.

Conclusion

If you want to avoid this from happening it is critically compulsory for you that you should not blow your own horn and brag about your holdings in cryptocurrency in front of other people. No one requires knowing about the exact amounts of the respective assets in your possession. Hence, you should not disclose such figures and keep them a secret as that is the single way to prevent yourself from an attack.

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Top Tips to Follow while Trading Crypto In 2022

Cryptocurrency trading is a word everyone is aware of nowadays as it has made thousands of people rich in a blink of an eye. It is mainly because the price of Bitcoin has reached from 1 dollar to 30k dollars within a decade. Altcoins may not be as lucrative as Bitcoin but still, they possess a significant profit margin for those who cannot afford Bitcoin.

At the present moment, only 4 percent of the world population is involved in crypto trading and the rest of the people are still skeptical about it because of its volatility. Some people are waiting for its bearish movement to end as it has plummeted to 24k dollars from 31k within a few days. Now many people are eager to invest in it because it has been declared a purchasing time by experts and whales have predicted that it will break its record by touching 70k dollars by the end of 2022.

I agree with the point that Bitcoin and altcoins have a very good margin of profit but it is not true that everyone gets a profit from investing in crypto. The chances of a profit and loss are equal so one should invest after doing proper homework about the digital asset one wants to invest in. To help beginners, we have compiled a list of crypto trading tips that will help you to steer in the crypto trading market with care and efficiency.

• Develop Your Knowledge

If you have made up your mind to jump into the cryptocurrency trading market then the first thing you need to do is to understand cryptocurrencies in detail. What are cryptocurrencies? How are cryptocurrencies mined? What are their pros and cons? Where to store them safely? The answers to all these questions should be clear in your mind. Like other online trading markets, researching cryptocurrency trading will give you a bird’s eye view of the topic which will help you in your future endeavors.

• 50-50 Win-Loss Ratio

Some people start crypto trading with a pre-set mind that they will become rich and don’t even consider that they may face a loss as well. Higher expectations can lead to stress, insomnia, and depression if not come true. Trading is a zero-sum game and someone has to lose if one is winning. The whales in the crypto trading market are always waiting for an opportunity to make profits at expense of small traders’ mistakes. If one understands that the chances of profit and loss are equal, he would face loss with grace.

• Trade with a Plan

It is not a wise idea to jump into trading when you see something selling cheap. An opportunity can be a possible trap as well so for each trading position, a trader should set some target beforehand. We must have a preset level to take profit and a stop-loss level as well for cutting any visible shrinkage. It means that we should decide in advance that this is the maximum loss we can afford so invest accordingly. All cryptocurrencies are volatile (except stablecoins) so the stop-loss targets need to be defined and updated according to the market sentiment.

• Beware of Pump and Dump Schemes

Sometimes, whales artificially increase raise the price of cryptocurrencies to gain profits. It is done by spreading a false tip that the price is going to shoot and as a result, many people invest in that particular asset. It is true that the price rises but when the whales dump their stocks to cash some profit, the prices fall even more than the original price. The little fish are the ones who suffer the most in pump and dump situations. It is advised not to pay head to this kind of rumor and trust your instincts.

• Devise Your Risk Management Policy

A trader must set some limitations on himself to reduce the risk attached to online trading. To become a profitable crypto trader, never go for the edges to maximize the profits. In crypto trading, a bullish movement can convert into a bearish movement in the blink of an eye so you can go in the negative if you procrastinate too long. When your target is achieved, don’t fall prey to greed and manage risk cautiously in your portfolio. Avoid investing a large percentage of your funds in non-liquid assets.

Impact of Bitcoin on Altcoins

Bitcoin is an asset that creates a volatile market environment because most of the altcoins are traded against Bitcoin instead of fiat currencies. Bitcoin itself is a highly volatile asset hence its effect is passed on to the altcoins as well. In the past, Bitcoin and altcoins had an inverse correlation as altcoins lost value when Bitcoin surged but in a few years, this relation has become vivid. When Bitcoin is volatile, trading conditions become foggy and confusing. In such conditions, it is recommended to have close targets and stop-losses set and don’t trade if possible.

Altcoins-specific Tips

An in-depth analysis of altcoins shows that the value of the majority of the altcoins is reduced with time. Their value keeps on leaking gradually or randomly and this is why the list of top 100 altcoins in terms of market value keeps on changing. So this fact should also be kept in my while choosing altcoins for investment whether for long-term or short-term trading. In case you are planning to HODL altcoins or build a long-term portfolio, remember that the altcoins with higher daily trading volumes have higher chances of surviving bearish moves.

A trader must follow the coin’s chart to figure out low and stable periods. Low and stable times are possibly the periods of accumulation and an uptrend can start when the time is right. The right time to buy any crypto is when there is no fear of missing out (FOMO). FOMO is a situation or time in which a trader feels that if he doesn’t go with the tide, he will miss the opportunity.

• Understand the Value

The cryptocurrency trading market has been on the arrow’s tip of the top investors of the world because of its volatility. They use the analogy of a bubble for the crypto market which can burst at any time leaving nothing behind. This is the main reason why top rich people have invested less than 1 percent of their fortunes in crypto. In reality, the main reason behind this is hesitation and lack of understanding of the value of digital currencies. To understand the value of digital coins, the value of Bitcoin should be monitored closely because all major altcoins follow the trend set by Bitcoin.

• Comprehend the Exchanges

Cryptocurrency trading is different from trading other assets for various reasons so the experience of other markets is not useful in this market. So it is pertinent to understand the crypto exchange you are going to use for the execution of your trades. All the top-rated crypto exchanges are providing an option of a demo account to practice trades without actually investing your money. This is a very useful feature because traders are expected to make some blunders at the beginning of their careers and this feature can grant them a free life. Another thing to keep in mind is that cryptocurrency trading can take some hours to settle so don’t worry if your sale or purchase isn’t executed right away.

• Diversify Your Portfolio

When trading cryptocurrencies, diversity is good as it reduces the intensity of a loss. Not all cryptocurrencies may lose their value at the same time. If one loses its value, meanwhile some other gains value as well. So it perfect strategy to invest in multiple coins instead of a single coin to reduce the chances of a loss. If one coin incurs a loss, the other may make up for it. This is a very simple technique being used by seasoned stock exchange traders for many decades now and it is easy to implement.

• Don’t Cash Out In Hurry

Everyone joins the online trading market to gain profits but the majority of traders instantly cash out on seeing a price hike. Although it is a good approach to remain on the safe side by not testing it to the edge but an opportunity may be half wasted with this mindset. The Crypto market has high volatility level so it is easy to get a quick profit bite but it can provide a full meal in the longer run. In past, Bitcoin has proved many times that the HODL strategy has provided three times more profit as compared to the immediate cash-out method. When the Bitcoin price jumps, it often takes 3 to 4 jumps at some distant intervals which can be availed easily if one keeps his nerves under control.

• Keep an Eye on Inconsistency

Cryptocurrencies are still new and in the development phase as more new digital coins are being released every week. The crypto market is still showing inconsistent behavior and it would take more time to become consistent. Cryptocurrencies are heavily influenced by public perception, whales’ opinions, and brand partnerships. Due to these reasons, the prices fluctuate so much that it is not even possible to tell what price is low and what is high. When you intend to sell or buy more, thoroughly go through every market for signs of any incoming hike or drop.

• Go for A Reliable Exchange

There are hundreds of trading platforms available nowadays but only a few of them are trustable. Most of the exchanges are traps set by scammers to trap innocent traders hence you should check beforehand if the exchange you are going to use is well reputed and its payment methods are secure or not? You should also make sure that the exchange is regulated or not and if it is regulated then should know by whom it is regulated. Generally, exchanges regulated by SEC are the safest and if you ask me to recommend some exchanges I would advise you to go for Binance, FTX, Kraken, or Bybit.

• Create Your Own Stop and Trade Plan

The Crypto market is notorious for its volatility and to overcome it, you must have a clear stop and trade plan. If any altcoins are showing a bullish move doesn’t mean that they will continue to rise forever. It could start behaving the opposite at any time. A stop and trade plan means that you sell some of the coins when your set target is matched. The coins that you will sell will prevent you from a total loss in case their value collapses. It is a life-saving plan and essential in the case of crypto trading because their prices jump more than 20% as the Bitcoin price has dropped from 31k to 23k within a couple of days.

• Keep Your Coins Secure

Experts say that buying crypto is easy but keeping it secure is difficult. When a trader buys any digital coin, he can either store it on the exchange or in some digital wallet. It is somehow risky to store your coins in exchange because some traders claim that their coins were stolen by hackers. Professional traders use the services of regulated exchanges but store their coins in their digital wallets or create their paper wallets. Digital wallets don’t cost much and are pretty easy to set up. There is a large number of wallets available in the market with different types and features. There are many types of cryptocurrency wallets such as

Hardware wallets

Paper wallets

Cold wallets

Hot wallets

Multi-signature wallets

• Watch for Media Impact on Pricing

Although other markets have also a history of being affected by media and press releases but cryptocurrencies are more susceptible to fluctuation as a result of hype created by media. When a company announces through a press release that it has started accepting altcoins, its price shoots up considerably. If you want to earn profit from altcoins then you must follow businesses on Twitter so you can timely catch their announcements. These types of news will not only tell you what to buy but also tell you when to buy. It can also provide you insights as if why the coin will lose value and when it will bounce back.

• Beware of New Laws and Regulations

Cryptocurrency is a new trading instrument as compared to Forex and Stocks etc. hence it is not properly regulated yet. New laws are on the cards and the situation can change drastically. Many countries are defining the status of crypto and crypto trading and some are launching CBDCs. In this situation, it can be assumed that federal securities, trading, and tax laws are all applicable to Bitcoin and altcoins. Some countries like the US, Australia, and China have stringent regulations regarding crypto trading and mining so a trader must be aware of the rules and regulations of the country he lives in.

• Make and Follow a Trading Schedule

Contrary to other trading markets, the crypto market remains open 24/7. It is a very good point but it can make it difficult for traders to stop themselves from constantly monitoring the prices which ultimately forces them to buy more coins than they initially planned. It is essential to make a schedule of when to trade or else you will lose your sleep and become addicted. It is suggested you should pick a suitable time for trading and monitoring and it is even better if you make trading a part-time job.

• Make a Long-term Strategy

Professional traders follow a long-term strategy for better gains but it requires rational thinking to develop a long-term strategy. A trader must keep in mind that some altcoins are developed to last for a short time and then they fade away. You must invest in long-term coins which have a good adoption rate into commerce and stores. Ripple, Ethereum, and Dogecoin are now being accepted in stores hence they are a good option. The traders who want to invest a large amount must follow a long-term approach to trading. A coin that has a chance of becoming obsolete is a serious risk for your investment which is not recommended.

• Be Careful of Scams

The Crypto market is brimming with scammers who invent new methods and schemes to allure innocent traders. You should be careful of scams and everyone who makes unrealistic promises. It is highly advised that you use well-known, regulated, and reputed sources for trading like Binance and FTX. A common perception that you will earn a big profit by providing your money to brokers is very risky. Try to double-check your broker before depositing money and utilize authentic forums only.

Conclusion

In nutshell, crypto trading is similar to trading other instruments but unlike other assets, crypto trading is relatively new, unregulated, and highly volatile. The situation will improve gradually in the coming years when more coins will be integrated into commerce. You should keep yourself updated with rules and tricks used by successful traders and keep reading our content for sincere trading tips.

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Crypto Exchange Bitbank Is All Set To Develop Japan Digital Asset Trust

In a unique development linked to East Asia, Bitbank (a crypto exchange within Japan) declared a collaboration with Sumitomo Mitsui Trust Holdings (a financial holding firm) with the target of developing JADAT (Japan Digital Asset Trust). As per a declaration made recently, the establishment of JADAT will be done to provide custodial facilities as well as wallet insurance and auditing.

The venue is structured to enable the organizational players to enter Japan’s market of digital assets. After being established, the platform will get a specialization in custody-related options over the holdings of digital assets taking into account crypto, NFTs (non-fungible tokens), stablecoins, as well as security tokens available on open blockchains. Bitbank counts to be one of the biggest exchanges of cryptocurrency throughout Asia and has more than $5B in its per-month trading volume.

On the contrary, the status of Sumitomo Mitsui Trust Holdings is that of an openly traded venue as well as a devoted trust bank team. As the declaration puts it, the companies will utilize the expertise thereof to participate in JADAT’s development to a further extent following the Trust’s registration under the Trust Business Act by the relevant authorities. At present, the financial holdings platform as well as the crypto exchange has inked an MOU (memorandum of understanding).

In the respective memorandum, both the forums have given their consent to delve deep into the opportunities that could be availed by the Sumitomo Mitsui Trust Holdings to invest in JADAT. In the previous week, one of the biggest investment banks within Japan, dubbed Nomura, disclosed that it has a strategy to establish a crypto subdivision external to the country. This has been witnessed after the latest step taken by the company to provide BTC (Bitcoin) derivatives to consumers residing within Asia.

Formerly in May, SBI Motor Japan (a venue for e-commerce-related operations) declared that it would be embracing XRP (Ripple) as well as BTC (Bitcoin) to serve as the means of performing payments. In the words of SBI Holdings, at this time, the venue trades up to 5,000 used cars on annual basis to Africa in exports. This makes it clear that the market in Africa has much potential and it can buy cars with the utilization of cryptocurrency from the firm.

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Coinbase Adds BNB Chain And Avalanche To the Coinbase Wallet

Coinbase, the biggest exchange of cryptocurrency in the United States, has incorporated Avalanche and the BNB Chain – previously known as Binance Smart Chain – to the list of Coinbase Wallet’s supported networks where consumers can store and swap cryptocurrencies.

A blog post was published by the exchange platform to declare that it will provide additional functionality to enable the customers’ access to several thousand tokens, consisting of an enhanced variety as compared with that provided by conventional central exchanges. The additional functionality to Avalanche and BNB Chain takes into account a cumulative 4 networks in which Polygon and Ethereum are also included.

Customers who utilize the wallet and intend to do on-chain trading are permitted to utilize the in-app DEX (decentralized exchange) of Coinbase on the four supported networks. However, up till now, the option of token bridging is not available. The wallet offered by Coinbase enables the customers to self-custody their funds in crypto and permits them to access the on-chain resources contrary to the options present in the centralized venue of Coinbase.

At the moment, there are just 173 tokens that Coinbase has listed on the exchange thereof. The respective numbers are nothing in parallel to the thousands offered to the consumers across the 4 networks having support from the Coinbase Wallet. The exchange mentioned that in the next months they will be permitting the customers to carry out swaps on a more enhanced list of diverse networks.

The venue added that, in this way, the overall trading through the platform would witness a remarkable increase. In addition to this, the customers will be able to effectively shift tokens between several networks. Network bridging takes into account the transfer of tokens between two or more networks without the need for a CEX (centralized exchange). Wormhole and Multichain are among the well-known token bridges.

Though just accessible by a limited set of consumers initially, Coinbase is additionally launching an autonomous Web3 browser and wallet to be connected to its mobile application. Through this, the mobile traders will get access to the DEXs’ broad ecosystem of supported networks along with Coinbase’ own. A trading volume of up to $74B had been under the possession of BNB Chain whereas Avalanche had $68.5B during the recent 24 hours, as per the reports by CoinGecko.

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Crypto News: Crypto on Thin Ice with Indian Officials

On April 1^st of this year, Indians officially started paying a 30% tax on income generated through crypto transactions. Finance Minister Nirmala Sitharaman announced the new tax back in February, together with another 1% tax on crypto exchanges, which will kick in on July 1^st. The impact of the February announcement was a dramatic 70% drop in crypto trading volume. At the time, Finance Secretary TV Somanathan made it clear that the official attitude to cryptocurrency earnings was the same as “Winnings from horse races, or bets and other speculative transactions”.

There were a good number of voices raised from the crypto industry in protest, one of them coming from Nischal Shetty, CEO of crypto exchange WazirX, who felt the new tax was “…poised to do more harm than good”. Others, like Lennix Lai of OKX, saw a silver lining, namely that the taxation proves crypto is considered a “Recognized tradable asset class by the regulator”. Disappointing this viewpoint later on, however, Sitharaman indicated she did not intend to bestow legitimacy on the crypto industry at all. “I don’t wait [until] regulation comes in for taxing people who are making profits,” she explained.

India’s official concerns relating to crypto since 2018 have been the dangers of money-laundering and terrorism-financing, as well as the prospect that the financial system might be undermined. Although the blanket ban slapped on crypto trading in 2018 was overturned two years later by the Supreme Court, the Reserve Bank of India (RBI) has remained uneasy about cryptocurrency ever since. In mid-May, they reiterated their worries about crypto being accepted as legal tender and bolstered them with a fresh argument, saying that the result could be the “Dollarization of a part of our economy”. Let’s look at this in more detail and delve deeper into more crypto news.

Dollarization of the Economy

In Bolivia, due to the exaggerated rate of inflation, 80% of payments are made in American currency. This is an example of dollarization: when a domestic currency is, to some extent, replaced by the US dollar. To give an idea of the extent of the phenomenon, 66% of the US dollars in the world are held outside the United States. At present, India’s level of dollarization doesn’t compare to Bolivia’s, but 86% of the country’s imports and exports are paid in dollars, despite the fact that only 5% of imports and 15% of exports involve the US.

The crypto news in the middle of May – regarding the RBI’s increased crypto suspiciousness – has to do with the central bank’s worries about a couple of possible consequences of dollarization. Firstly, if the economy becomes dominated by the use of cryptocurrency, the RBI’s monetary policies could lose their power to impact the economy, since the central bank only governs the local rupee. Speaking of the rupee, the second concern is that it will lose its value, especially in these times when inflation is so robust. Also, there is a potential loss of tax money when more and more rupees get funnelled into cryptos, which are owned by foreigners who don’t answer to Indian tax authorities.

Regulation and the Indian Crypto Sector

The Indian crypto sector itself has called for official regulation during the rapid acceleration in crypto use that has taken place in the last few years. Five years ago, there were almost no crypto exchanges in India, but by mid-2022, an estimated 20 million people in the country were holding over $5 billion dollars in cryptocurrency.

In early May, the parliamentary finance committee met with spokesmen for the crypto industry in Bengaluru, who received a strong rebuke for their sole interest in emphasizing the positives of the industry. The committee told them they should come up with a clear plan of action to deal with the threats of terrorist use of digital currency and money-laundering. Later in the month, the committee heard the RBI repeat their opinion that cryptocurrencies should be banned outright.

In April Bitcoin news, the National Payments Corporation of India (NPCI) flexed its muscles against Coinbase soon after the company’s launch in the country. Coinbase said that UPI – the online payment system used locally – could be used to send money to its exchanges. The NPCI responded with a brisk denial that UPI could be used with any crypto exchange at all. A couple of days later, Coinbase users couldn’t deposit rupees into their accounts, which was a big dampener on the company’s entrance to India.

Summing Up

Despite the mushrooming interest in crypto trading in the country, it seems that Indian officials – as of the start of June 2022 – were genuinely doubtful about whether crypto should be legalized in any form. Nirmala Sitharaman has savid explicitly that the Finance Ministry is unsure “As to whether we want to regulate it to some extent or really very much or totally ban it”. Keep watching crypto news and bitcoin news updates for any changes in official sentiment on the issue.

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Everrise Brokers Review – Is it Safe to Sign Up With this Broker?

Everrise Brokers Review

Everrise Brokers

Are you in search for the best broker you can launch your trading career with? You will have hundreds of choices at your disposal in today’s market, but the more important question is how to identify the best one. If you are only considering the cost of trading when choosing a broker, it would be a major mistake. There are numerous factors that need to be taken into account when deciding if the broker is the right fit for you or not. One of the top brokers you can sign up nowadays is Everrise Brokers. Obviously, you will wonder if it is safe to opt for this broker or not. Let’s take a look at the different aspects that make Everrise Brokers a great broker for all kinds of traders:

Overview of the Company

An online broker, Everrise Brokers is dedicated to providing traders from all over the globe with access to different financial markets. After signing up with the broker, you will be free to use a trading platform for executing trades, getting access to various charts and tools and plenty more. In order to protect its clients, a broker needs to be transparent in all its practices and policies and the best way this can be done is to become properly registered and regulated. This is exactly what Everrise Brokers has done. This broker is regarded as one of the safest choices today because it is a fully registered and regulated broker.

Everrise Brokers

Apart from that, it is also understood that some people use online brokerages as a way of laundering money. This can be countered by introducing anti-money laundering policies, which is exactly what Everrise Brokers has done. When you check out the broker’s deposit and withdrawal polices, you will see that the broker doesn’t participate in any illegal activities. Instead, it provides proper protection to information submitted by users. The highest standards of encryption have been used on the website to keep the information completely safe. As soon as the information is submitted on the website, it is encrypted right away so no unauthorized party can gain access to it.

This gives traders peace of mind because it allows them provide their personal as well as banking information because they know it will be encrypted. Likewise, you also need to know a broker’s policies for storing the funds you deposit with them because you don’t want them to just run away with your money. Any good broker will definitely pay attention to these features and Everrise Brokers has done so. The broker is regulated so it stores your funds in segregated accounts, separate from its own in order to avoid any discrepancies.

Lastly, you also have to know what kind of trading the broker supports and Everrise Brokers provides you with the opportunity of trading CFDs. This is referred to as Contracts for Difference (CFD), which means that you are only buying and selling the contract associated with the asset, not the actual asset itself. This is undoubtedly a very convenient and profitable type of trading and can help novices in entering the market without worrying about the risks that are associated with trading the actual assets.

Trading Platform: How Good It Is

When you sign up with a broker, it is definitely not wise to rely on their words alone. After you sign up and want to start trading, you will have to use the trading platform they offer. This platform will be used every time you want to check the market or execute a trade. This tells you that the whole of your trading experience will depend on this platform. If it is not a good one, chances are that you will have difficulty in executing your trades, which can lead to delays and even cost you profits.

With Everrise Brokers, this is one less thing you have to worry about. The best part about the broker is that its trading platform has integrated all the financial markets on a single platform. Using their platform, you can access hundreds of assets from all over the globe and trade them easily. Whether you want to trade commodities, forex, stocks or indices, everything can be accessed right from one place. Even cryptocurrencies have been added to the mix, which is undoubtedly a big benefit.

In the world of modern trading, it is also essential for a trading platform to be compatible with several device. It is just not possible to rely on a platform that only works on PCs because people want to be able to use it on the go as well. Everrise Brokers has been accommodating in this regard as well because it provides its traders with a smooth experience, no matter what device the choose to use. You have the option of using a web-based trading platform, which can be accessed via the browser and so can be used on any device that has a browser. The good thing about a web-based platform is that it doesn’t have to be downloaded and doesn’t require any updates.

There is also a mobile application available for the broker’s trading platform. This gives traders the freedom of trading on the move and there is no need for the browser either. The mobile app is also laden with a wide array of features so you will certainly not be making any compromises. You only need to download it once and it will offer you optimal performance and make trading easier. This clearly indicates that Everrise Brokers has paid attention to the needs of its clients.

Trading Assets Available

The next consideration on your list should be the assets that you can trade with a broker and Everrise Brokers doesn’t disappoint at all in this aspect. The tradeable assets that you will find are spread across a variety of financial markets. Whether you are more interested in trading foreign currencies and stocks or it is the lure of cryptocurrencies that has brought you to trading, you can find everything you need at Everrise Brokers. Another big benefit is that it only takes you a couple of seconds to trade what you like. In fact, you don’t even need to switch platforms or anything else.

If you want to trade forex currencies, you will be glad to know that Everrise Brokers offers you both minor and major forex pairs. It is not necessary to trade just the major currencies, but if you don’t mind taking risks and know some good strategies, you can also take a shot at the minor ones. You can also choose to trade cryptocurrencies with Everrise Brokers. This new digital currency is now gaining worldwide acceptance and the broker provides you with a secure and safe platform where cryptocurrencies can be traded easily.

Some of the other assets that the broker has to offer include stocks of some of the leading companies in the world, commodities, including soft commodities like corn as well as precious metals like gold and silver and you can also trade indices if you want. There are lots of options to choose from and even novices can find assets that have high liquidity and are easy to trade. As far as experienced traders are concerned, they can diversify their portfolios with the options available, which helps them in becoming expert investors.

Methods of Deposits and Withdrawals Available

Before you can open an account with any broker, you first need to take a look at their deposit and withdrawal policy. You will find different types of accounts being offered at Everrise Brokers, which is done to cater to the needs of traders from different backgrounds. Not every trader is experienced so some account types are designed for newbies. However, the biggest hurdle that most traders face is the amount to be deposited for opening an account with a broker. There is a minimum deposit requirement, but what if it is too much and not something you can afford? These budget restraints are something that Everrise Brokers fully understands and this is the reason it has incorporated basic account options as well.

These do have a minimum deposit requirement, but it is very reasonable so even newbies will not have a problem in getting started. As far as experienced traders are concerned, there are several advanced account types also available, which come with a bigger deposit requirement. Nonetheless, this is not a big deal for experienced traders because they do earn substantial amounts from trading. Other than that, Everrise Brokers has made significant effort in making deposits and withdrawals easy for its clients. A wide array of payment methods are accepted by traders, which include bank transfers, credit card deposits, e-payments and more.

Likewise, there are plenty of withdrawal methods also available and they have also been made as safe and secure as possible. First things first, the broker doesn’t charge you anything for the deposits and the withdrawals. There are no unnecessary fees applicable in either in most cases. But, you should know that the processing time required by each payment method may vary. Transfers via credit card are quite quick as opposed to others. You should always check the processing time beforehand in order to avoid any inconvenience later on.

Education Materials

These days, brokers have also made it a priority to provide training to their clients before they step into the financial markets. Not only does it benefit the traders, but is also great for the brokers. The latter need more clients and that’s only possible when they help their existing ones in trading successfully. Therefore, they offer some free education on their websites. When it comes to the training and education that Everrise Brokers has to offer, you will soon realize how comprehensive it is. The broker has provided this in many formats, which gives traders the freedom of choosing one that appeals to them.

There are on-demand videos that can be found as well as web-based tutorials that can be used. If you don’t want to learn at a quick pace, there are text-based tutorials that can come in handy. When you sign up with Everrise Brokers, you can also take advantage of Webinars. They are undoubtedly one of the most effective resources that can be found because they are conducted by experts in their respective markets and can offer a lot of insights. The best part about it is that you can speak to these experts and ask your questions.

Moreover, Everrise Brokers effort can also be seen through the fact that they have created content for numerous kinds of traders. They don’t just provide this material for new traders, but also do it for experienced ones. After all, there is always something you can learn. Thus, the broker provides content that can help experienced traders as well.

Trading Tools and Features

No matter how long you have been trading, you will always require the assistance and help that trading tools can provide. There are a horde of these tools that can be found in the market and Everrise Brokers has added most of them to help their clients in making profitable trades. You can use an economic calendar that covers all important financial events and there are also tools that provide a market summary every day. There are video analysis tools available and you can even get trade signals that can enable you to decide when to open a trade and for how long.

Customer Care

Everrise Brokers has not taken this aspect lightly and have provided various options that their clients can use to get in touch with them. You can use email, an online contact form or the live chat feature they have available. You can also get in touch via call if you like. The support is available 24 hours a day, five days a week and the team is very responsive.

Final Thoughts

At this point, you can rest assured that Everrise Brokers is the broker you should be signing up with it. There is no need to worry about security aspects because they broker has paid thorough attention to every feature.

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Go Markets Review – Is Go Markets Scam or a Legit Crypto Broker?

Go Markets Review

Go Markets is a seasoned broker that has been providing its services since 2006. It is an online brokerage platform that offers a reliable trading environment along with top-notch features. Its offices are located in various countries including Cyprus and Australia. In this Go Markets review, I would tell you about its features, trading conditions, and other benefits of this brokerage platform.

Go Markets’ platform is user-friendly and provides robust customer support to its clients as well as trading tools. Using this platform, traders can invest in all types of trading instruments such as foreign currencies, Indices, Commodities, and Cryptocurrencies. It is a completely safe, reliable, and legit platform and no scam has ever been reported involving this broker. Let’s go through its plus points one by one.

Leverage And Fees

A good feature while trading foreign currencies is the allowance to use leverage. Leverage increases the profits significantly. Go Markets offers a satisfactory leverage ratio to its clients. You can get 1:30 leverage on forex-related instruments.

Go Markets’ spreads depend upon the account types offered to the clients. At the moment, it is offering two account types, the Standard account, and the Go Plus account. The platform offers a demo account as well which you can avail yourself to practice your strategies.

The pricing at Go Markets is primarily built on spreads. The standard account implicates no commissions and spreads start from 1.1 pips. For Gold, the spread is 2.4 pips while 1.9 is for crude oil. 

Registration Process

The registration process at the Go Markets brokerage platform is very simple. The traders are required to enter basic identification information such as name, email address, and contact number. After this, the traders have to select one of the two above-mentioned accounts and a base currency in which the trader wants to deposit and withdraw funds. Note that the clients are required to provide proof of identity and address because the platform is compliant with KYC policy.

Deposits

After opening a trading account with Go Markets or any other broker, you wouldn’t be able to trade unless you deposit funds. It means that it is a mandatory step which you have to take to earn profits. The minimum deposit you need to make is only 200 dollars. Go Markets has kept it simple and there are numerous ways through which you can top up your account. The available methods are as follows

• Credit/Debit card
• Wire transfer (bank to bank payment)
• Online payments (Skrill and Neteller etc)

Withdrawals

No matter how much you earn profit in trading, it is useless if you cannot withdraw it. Some brokers deliberately make this process difficult so that the money stays in their account for a long time. But this is certainly not the case at Go Markets. You can use the same methods to withdraw funds that you used to deposit funds. In addition, the broker charges no extra fees on withdrawals.

Trading Platform

Go Markets uses MetaTrader 4 platform to facilitate its customers. With its marvelous extensions, Go markets had made sure that it gets the most out of this standard platform. It is a web trading platform which means there is no need for installation. There are plenty of trading tools available for the traders such as trading signals, Genesis, social trading, and technical indicators.

A mobile version of this platform is also available which runs smoothly on all types of mobile devices. Its productivity and performance are almost equal to the web version.

Education And Research

Newbies indeed face more challenges while trading as compared to experienced traders hence the Go Markets decided to provide educational material as well. Its academy contains advanced material (seminars, courses, tutorials) on various topics which can be utilized by every type of trader.

In addition to the educational material, the platform is equipped with research tools as well. You can use Autochartist and other tools to convert your ideas into strategies.

Conclusion

A close look at the features of Go Markets shows that it is a feature-rich brokerage platform that provides numerous benefits. It is a platform worth visiting and I recommend you to give this broker a chance if you are in search of a reliable broker. 

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ECB President Christine Lagarde’s Son Makes An Investment In Crypto

Highly outspoken crypto critic Christine Lagarde’s son has jumped into the crypto market, notwithstanding her concerns. The ECB (European Central Bank)’s President repeated her hostile point of view regarding cryptocurrencies, asserting that nothing supports these assets and therefore some stringent regulation should confine them. However, she disclosed that one among her sons went on to invest funds into the market of digital assets.

Jumping into crypto against mother’s instructions

Several central bank-related officials have condemned the crypto sector during the previous years. The President of the ECB as well as a politician from France is also among them. In her latest interview, it was declared by her that no core value is possessed by digital assets and nothing is there on which they can hold on. In addition to this, she debated that Bitcoin, as well as altcoin investment, could result in a disappointment for the people who are a part of the industry which is deficient in some adequate rules governing it.

Without any surprise, she acknowledged that no investment in the crypto has been done by her, elaborating that she acts per what she says. Nevertheless, it appears that her son could not be stopped by her advice from getting his portfolio diversified with several digital assets. She, while pointing toward this, stated that he has free will. While a skeptical stance is maintained by her regarding crypto, she is not against CBDCs. As per her, some strategies have been taken by the ECB to launch a CBDC to represent the euro digitally.

Former statements of Lagarde

She revealed that the coming four years could be spent on the respective project which would be considerably different than Bitcoin. She clarified that the moment when the launch of a euro-based CBDC will be witnessed, it will be supported by the central bank. In recent January, the President categorized BTC as a considerably speculative asset with being potentially utilized in criminal operations. In this way, it requires to be regulated under a resilient agenda.

After a month, she put more stress on her perspective, anticipating that the primary digital asset does not have any future. She considers that not even a remote chance is available that the cryptos would be held by the central banks. Shortly after the declaration by the Russian president to initiate an invasion of Ukraine, she recommended proper regulation, as the USA and EU-based financial sanctions could be evaded by Russia.

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E-commerce Giant eBay Releases Genesis NFT Collection

eBay, a giant in e-commerce, is pursuing to acquire some position in the NFT sector although the interest in the respective field is plummeting day by day as the cumulative sales around the globe are contracting in the market of cryptocurrency. As per a press release published on Monday, the non-fungible token (NFT) collection of eBay, Genesis, is to present animated as well as 3D illustrations of prominent athletes picked up from the covers of Sports Illustrated during the previous years.

eBay moves ahead with NFTs while putting aside the market fall

The e-commerce venue has carried out a collaboration with OneOf (an NFT venue that promotes support for non-fungible tokens throughout several energy-effective blockchains). The initial in the partnered-up collection will present Wayne Gretzky (a hockey legend from Canada) showing his career signature steps on the ice. It was ambiguous for some time which among OneOf or eBay had obtained the rights to offer the Sports Illustrated’s pictures.

The platforms are endeavoring to do their best by providing their customers with trendy technology in the form of blockchain-based collectibles. The present series takes into account 13 digital collectibles with limited editions dealing with a tier-based system, comprising 299 separate non-fungible tokens within the diamond platinum, gold, and green tiers. More drops of the sport stars-related NFT collections, focusing on the exciting Sports Illustrated covers are to occur during the coming time within the present year.

NFT market scenario

Notwithstanding the interest taken by the top participants in online sales, operations in the market of non-fungible tokens have shaken in parallel to the plunging prices across the wider crypto market. As per the 1st quarter of this year, the market reports published by NonFungible (a data provider) the cumulative number of active addresses related to the digital collectibles, the exchange volume, as well as the sales volume have witnessed a gradual decline since their peak in January.

The cumulative number of sales starting on 15th May was nearly 25,518, as per the data. However, that has fallen to approximately 23,117 up till now. In September the position of weekly average was around 225,000 in terms of individual sales. A fall of such an extent can potentially be associated with the perception of several holders of NFTs that they could not make sufficient profits from their trades within the secondary market.

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Solana (SOL) Maintains Upside Stance, Eyeing $59

Solana has had its price lowering amidst descending trend-line influence within the last five weeks. Nevertheless, buyers triggered a bullish breakout on 20 June, overcoming this dynamic resistance. Such a move suggested recovery opportunities for SOL enthusiasts. The stable buying move should strengthen buyers to overcome the nearest resistance at $48.3 and surge towards $59.

• The on-balance volume indicator suggests a parabolic upside.
• Solana’s outlook reveals a 57% increase within two weeks.
• The asset’s 24hr trading volume is $1.69 billion, suggesting a 3.6% decline.

Solana (SOL/USDT) recorded gradual plunges towards lower zones following the massive April-May crash. Meanwhile, the descending trend-line saw the alternative token plummeting to new yearly lows at $26.06.

However, Solana took advantage of the improving market sentiment, rebounding from the support at $26. That saw the token breaching the dynamic resistance trend-line on 20 June. The after-retest upsurge amplified buying momentum and strengthened buyers to overcome the horizontal resistance zone of $37.5.

Solana steadying beyond the flipped support at $37.5 can welcome an impressive upside. Buyers would initiate a 44% surge towards $59 (according to the technical pattern). On the other side, sellers dragging Solana beneath $37.5 would see the fake-out force-liquidating aggressive buyers and crash to token back to the $27 – $26 foothold, confirming a 33.6% decline.

SOL Price for Near-Term Investors Only

Solana presents surged momentum into June’s 3rd weekend. However, the alternative token is yet to confirm a bull run. Buyers have regained 40% lost since the 12 June lows of $27.80. the increased value sees sparse volumes, with many investors uncertain about ongoing market conditions.

While publishing this content, Solana rides upside actions. SOL trades at $41.55 after gaining 9.60% within the past 24 hours (Coinmarketcap data). The nine-hour chart confirms bulls’ upside efforts. Sustaining the near-term rally would see the token surging 40% to explore price zones beyond $52 before eyeing the upside goal at $59.

From a macro standpoint, $60 represents an invalidation zone to welcome a confident bull run for Solana. Breaching $60 will see buyers targeting $140, leading to a 280% surge from SOL’s current prices. However, investors should consider the broad market outlook.

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Bitcoin (BTC): Consider These On-Chain Metrics Amidst Current Conditions

The cryptocurrency market has witnessed intriguing actions (this month) following bearish waves that struck down top digital assets. The global cryptocurrency market cap also declined beneath $1 trillion, deteriorating crypto institutions like Celsius and 3AC. Bitcoin struggled with massive drawbacks during the phase.

BTC hit lows never witnessed since December 2020, following a continued plunge beneath $17,750. Opening the months near $32.2K, the leading crypto by market cap took a massive blow, changing hands beyond the $21,000 mark at this publication. BTC gained over 2% within the price day and 0.05% down over the week. That signaled recoveries after the crypto traverse bearish actions in June’s early sessions.

Approaching Market Bottom

CryptoQuant, an on-chain data platform, published the recent updates on Bitcoin, revealing that the crypto exhibits undervalued situations at the current price. Moreover, several on-chain indicators suggest BTC is near a market bottom.

Net Unrealized Loss/Profit indicator for Bitcoin hovered near -0.06 at this publication. That is the first sign of approaching a market bottom. Many addresses registered losses during the recent crypto crash, as BTC plummeted to 18-month lows of $17,744.

CryptoQuant states that the MVRV ration saw a significant slump during the ongoing run. The figure stood at 0.93 during this publication, confirming undervalued conditions for Bitcoin. Nevertheless, the Miner’s Position Index saw a brief spike, though still projected at -0.6. That means miners’ circulation exceeds their daily distributions in YTD’s moving average.

Furthermore, miners have increasingly offloaded holdings to crypto exchanges. That can reflect some miners’ returns not meeting the break-even level.

Meanwhile, most investors trust this is the time to accumulate again to recoup incurred losses. With crypto regulatory proposals ongoing in the US, market players can hope for bullish surges in the upcoming months.

For now, Bitcoin contemplates further upside. The crypto market space saw improved sentiment over the past 24 hours. While writing these lines, the cumulative value of all digital assets stood at $964.21 billion, gaining 4.06% within the past 24 hours. Meanwhile, the overall market volume increased by 3.16% within the last day to $64.24 billion.

Stay tuned for the latest crypto updates.

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Lavu Now Accepts Cryptocurrency Payments

According to an official announcement posted by Lavu, the firm has revealed that they will start accepting payments from their clients in cryptocurrencies as an alternative payment method.

Lavu Contributing more Power to Cryptocurrencies

Popularly known for its international restaurant software products, Lavu recently revealed to the public that they have launched a new cryptocurrency payment system into their business model to facilitate those clients who prefer cryptocurrency payments. Lavu stated that they have partnered up with Verifone, which is recognized for its FinTech payment solutions, to integrate the cryptocurrency payment system on their selling platform.

By working together, Verifone and Lavu are going to develop a strong connection, basically fusing Lavu’s impressive restaurant software solution with the FLEX payment solution provided by Verifone. As a result of this new development, interested clients from more than 65 separate countries will now have a chance to pay for their desired products by gaining advantage of the multiple payment options that Lavu will now include and providing customers with ease.

This new crypto integrated Point of Sale system will be something unique for Lavu itself, as they will be highlighted for integrating cryptocurrency payments. As for how the integration will take place, Verifone will be attaching their e285 device with the tablet powered Point of Sale system by Lavu. Current supported cryptocurrencies include majority of the top listed ones such as, Bitcoin, Ethereum, Litecoin, Dogecoin and many other stablecoins.

In connection with the cryptocurrencies will be supported cryptocurrency wallets provided by popular firms including PayPal, Venmo, WeChat Pay and few others.      

Growing Market Despite Doubts

Developments in the crypto space like these have proved that cryptocurrencies are still in a strong state. Many popular figures such as the President of the European Central Bank, Christine Legarde have expressed their concerns over the operation of cryptocurrencies, going as far as saying that cryptocurrencies like Bitcoin have absolutely zero value.

However, as the adoption level continuous to grow every day, despite the recent severe market corrections, fans of cryptocurrencies are still very much confident that cryptocurrencies are not going anywhere and the developments surrounding the adoption rate will eventually lead to much more stable markets in the coming time. Having such confidence surely means that the cryptocurrency market will soon stabilize once again and continue to show its presence.

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A New Report Says Insider Trading In Crypto Trading Is Common

Argus (a company that assists firms to organize employee trading) discloses that many crypto investors are taking advantage of the inside information regarding the expected time of gaining and losing tokens, as per a report published in the Wall Street Journal. The report – dealing with the existing public data, indicates that many wallets present a pattern of purchasing tokens days ahead of the selling and even listing thereof.

Growing insider trading across the crypto sector

The respective trend seems to be widespread throughout the big crypto exchanges taking into account FTX, Coinbase, and Binance. The listing of a token by the top exchanges normally works as a short-term catalyst for the prices of the token. As per the blockchain-based data, in August, $360,000 worth of Gnosis tokens was accumulated in a wallet just in 6 days. Binance declared that the exchange would list the token on the 7th day, causing it to mount its price to over seven times as compared with the average thereof in the previous week.

The trading of the wallet began four minutes following the declaration by Binance to list as well as liquidate everything just in 24 hours. From the very trading, up to $500,000 was earned by them, with $140,000 as a profit. The analysis brings it to the front that this thing has not been done by the wallet for the first time. Argus found out that $17.3M in crypto was purchased by 46 wallets right before their listing on the 3 top exchanges. Nonetheless, the owners are still anonymous

Even though the displayed gains from the trading of the coins were up to $1.7M, the overall profits are seemingly higher. According to the report by the company, several wallets shifted their stakes’ specific proportion to exchanges rather than trading straightly. The analysis aimed at the time from 2021’s February to 2022’s April. Observers and regulators have been outspoken about the harm caused by this practice to retail investors.

FTX, Binance issue statement

Nevertheless, the claims have been refuted by the exchanges listed in the analysis. They affirm that their policies restrict employees from having privileged information to perform trading. Both Binance, as well as FTX, additionally asserted to have gone through the analysis and did not infringe the policies thereof, as the CEOs Changpeng Zhao and Sam Bank main-Fried confirmed.

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Wiselux Review – Important Things to Ask about the Broker

Choosing a broker is the most important decision that has to be made by people who want to trade online in the financial markets.

The trading platform used for trade execution, the assets you will be able to trade, the cost and charges you will have to pay and the tools that will be provided, all depend on the company that you will pick for its trading services. Just do a search on Google and you will be overwhelmed by the sheer number of choices that exist. It sounds like a good idea to just pick one from the horde and sign up. Why bother reading Wiselux review?

The financial markets are known for helping people make fortunes, but there are plenty of people who actually lose their fortunes in these markets as well. Why does this happen? Sure, it could be due to lack of skills and knowledge, just bad luck and it could also be because of the poor choices they make. Indeed, there are a number of such cases out where people failed to benefit from the opportunities in these markets because they didn’t have the right partner. As mentioned above, a broker provides you with the software, the assets and the costs. If they don’t have a good software, the right assets and their costs are high, you will suffer.

At the end of the day, not checking a broker and making the right choice will only harm you and not allow you to achieve the goals you have established. Therefore, unless you want that to happen, it is best to look at the reviews and find out everything possible about the platform you intend to sign up on. How can you do that? Sure, the internet provides a lot of information, but not all of it is reliable and accurate. In that case, you can ask some important things about the company and then consider the answers for making your decision.

This is a very smart approach and can help you in sorting through the choices to picking the best broker for your needs. Wiselux is one option that will be at your disposal and you can ask a few things about them to decide whether they are a solid and reliable company or not. What should you ask? Read on and you will know:

Wiselux Review

What kind of security do they provide?

For anyone planning to trade online, security becomes front and center because the internet is crawling with cybercriminals. If your personal information or your money falls into the wrong hands, you will be the one who has to deal with the consequences. Therefore, you want to find a broker that understands the risks and takes steps to mitigate them. Wiselux fits the bill because they have taken security very seriously. Advanced SSL (Secure Socket Layer) encryption is used for protecting all sensitive data and communications. All website traffic is monitored and it is also encrypted for maximum security.

They also provide fund protection through segregated accounts i.e. maintain them separately from the company’s own accounts. This ensures that traders’ deposits cannot be used for any of the broker’s own expenses or obligations and are only used for their trading activities. Furthermore, the deposits are kept with some of the leading banks in the world to prevent theft. In addition, Wiselux is also using KYC (Know-Your-Customer) and AML (Anti-Money Laundering) procedures, which means all accounts are verified by obtaining proof of ID and proof of address. It reduces chances of financial fraud, money laundering and identity theft.

How is the trading solution?

After ascertaining the security of the broker, if you want to move forward, you should move onto their trading solution. Why? It is the feature you engage with the most because all your trades are executed with it and it provides the tools you need for making decisions. Therefore, it should be one of your top priorities. Wiselux is fully aware of the role a trading platform plays in your overall experience and they have provided an effective solution to help out their clients.

You will find a web trading platform that’s powered by sophisticated technology and designed for both beginners and advanced traders. The cutting-edge technology helps Wiselux in providing 99% trade execution under a second, which is extremely impressive. They have opted for a highly intuitive interface to eliminate any complexities and multiple assets can be traded from the same dashboard. The layout can be fully customized, which is quite appealing and trades can be made in a single click.

As it is web-based, there is no downloading or installation required and that’s also a relief to many. Plus, it gives flexibility because traders can use it on any device. As a matter of fact, the platform has also been mobile optimized by Wiselux, so traders can use it on both Android and iOS devices without a hitch. This enables trading on the move, which means you can always stay updated and not have to miss out on any opportunity in the market. The platform is immensely easy to navigate and innovative trading tools have been added to enhance its performance.

Traders will be able to use technical indicators and a lot of advanced charts. There is event analysis available, along with trading alerts and price indicators. Wiselux has also added support for different order types to help traders in managing their risks and a market calendar is also provided. Other than this platform, traders will also find an ETF platform, which has been specifically designed for Exchange-Traded funds.

Is diversification a possibility?

When you have judged the trading platform good enough, you should check whether your chosen broker allows you to diversify or not. Sure, you do have the option of not choosing to diversify, but it is best to remember that this increases the risk of losses and this is something you want to avoid. With diversification, you can spread out your investment over different financial markets to alleviate some of the risks. Wiselux gives its clients plenty of room to do so because they have more than 200 trading instruments available.

If you check out these instruments, you will come to know that they belong to different global financial markets, which means diversification is very much possible. Wiselux provides its traders with access to some of the best assets, which means you can make high returns, exactly as you want. You can try your luck in the forex market and tap into its high volatility. There are numerous currency pairs like EUR/USD, GBP/USD, USD/CHF and USD/JPY that can be traded. If you want even higher volatility, the cryptocurrency market is the one to go for.

You can trade some of the top crypto options, such as Bitcoin, Litecoin, Bitcoin Cash, Ethereum and more. The traditional markets include the stock market and there are companies like Apple, Google, Facebook, Amazon, Microsoft, PayPal, Netflix, eBay and Aurora to be traded. Wiselux has also added indices like NASDAQ, FTSE, DAX, CAC and S&P to the mix. Another traditional market choice includes that of commodities and there are plenty of options for earning consistent and stable returns. You can go with precious metals like gold and silver, energies like crude oil and gas and agricultural items like wheat, coffee and soybeans.

Do they offer educational assistance?

Not everyone is an expert when they decide to trade in the financial markets. In fact, this is one of their most appealing factor that they don’t require people to have prior knowledge to jump in. However, if your goal is to survive in the long run and not just depend on your luck, you need to polish your skills and bump up your knowledge. How can you do that? Yes, the internet provides lots of information, but again, not all of it is accurate, up to date and reliable for that matter.

How do you learn? Other avenues are either costly or not easily accessible and this is where you will find Wiselux to be very useful. They have put together a range of educational resources on their platform to help their clients. You can find a glossary that teaches you the meanings of all relevant trading terminologies and jargon. You can find trading courses that provide in-depth knowledge and trading videos that are loaded with info. There are webinars organized by market experts that can offer a ton of data and help you boost your strategies.

Can you expect any support?

One of the most vital things that traders should know about their broker is whether they can expect to receive any support or not. This is important because if you get stuck with a problem or are facing a technical issue and don’t get immediate help, it could contribute to your losses because you might miss out on opportunities or are unable to trade. It could even be a recipe for disaster if the market moves by a huge extent. Not all companies offer the same level of support, so it is best to ask about it.

As far as Wiselux is concerned, you will come to know that they are quite thorough and reliable in their customer support. To satisfy their clients, they are available 24/5 and you can find different channels on their website for reaching out to their team. Visit the Contact Us section on the website and you will find the options you can use. They have an official email where you can send your query or you can also give them a call on the given number. An online contact form is also available for sending in your question. There is also an FAQ section on the website, providing answers to any common questions or concerns you might have.

When you check all the answers, Wiselux will be able to clear any doubts you might have had and provide you with everything you are after.  

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