Do Cryptocurrency Trading Robots Like Crypto Comeback Pro Really Work?

In the past during the 50s, robots were promised to ease your daily tasks. Today, 70 years later, cyber bots promise same for daily traders. Well, yes you have bundles of codes which can help you earn a passive income, even if you are the laziest trader. But it is just a hype and profiting from trading robots is that simple.

You have different kinds of cryptocurrency trading software and trading bots accessible online which include arbitrage bots which earn profits in the prices across exchange. For instance, the price of BTC is different from one exchange to another.

So, if exchange 1 has a slightly lower price in comparison to exchange 2, then the bot will break an order and buy it from exchange 1 and sell it on exchange 2. This way your trading robot works by profiting from the delay it takes for prices to update on different trading platforms.

Are trading bots really profitable?

In order to earn any kind of tangible profits with bot trading, you need to have stack of crypto to begin with. If you own a BTC arb bot, for instance, then you need to deposit BTC on several exchanges which are linked to your bot via API.

And, even with a healthy spread of BTC, the returns will be minimal. Traders claim to earn money via bot arbitrage using market inefficiencies. However, it is recommended that you should have good knowledge of trading and using automated systems before opting for this.

If you are good in setting your trading robots, then you may make a living out of it, but you need to have a good practice first.

It is securer to state that the best trading robots are the ones you may have never heard about and they will never be offered to you. Because if all the traders will choose to use the same bots, the trading edge they have will be wiped out.

So, if you are looking forward to put a trading robot to test, then you should try it with some shitcoins or satoshis. Don’t go for those bots that offer guaranteed returns and be sceptical of the profits which crypto traders claim to have made with the help of their bots.

Even if you come across a system which offers modest returns such as Crypto Comeback Pro , you may need to question yourself first: What will you like to do- get a bot which turns your 5BTC to 5.1 every week or have the independence to use your 5 BTC in simple day trading? Well, bots can help you a lot, but they cannot deal with fundamental analysis, sudden news, insider knowledge and other aspects which gives the market its movement.

Just like the housewives still wait for a chore-performing robot to handle their household work, similarly the crypto traders still wait for something that can help them win this battle. So, if you really don’t have a perfect personalized bot for you, it is rather suggested that you do it yourself.

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UPBIT RECOVERING AFTER HACK

A large South Korean crypto asset exchange platform, Upbit, once again started offering an Ether wallet service after a large attack that the South Korean exchange had suffered which resulted in Ethereum worth 49 million USD being stolen. Despite the attack that took place only 2 months ago, Upbit made improvements for their security and added the Ether wallet service to their platform once again. The news was announced on Tweeter this Monday indicating that the service is yet again available.

On the other hand, the company has also said that in order to hold Ether, the user should open a new address for the platform for the new Ethereum wallet. The new accounts will automatically receive Ethers.

Last year at the end of November, on the Upbit platform there was a transfer of 342,000 Ethereum coins and these coins vanished from the platform. The rest of the digital assets were transferred to a cold storage in order to be more secure. Despite the fact that regular users have not experienced any loss, the Chief Executive Officer of the platform, Lee Seok-Woo, made an announcement that trading would be suspended on the platform for a short period of time. The stolen money was split between different account wallets by the cyber attacker.

A digital asset analyst stated that the hackers might use Huobi, a rival crypto asset exchange, in order to attempt laundering the stolen funds. According to Upbit, users should delete their old Upbit accounts, since their wallets can not be used anymore. The recovery might be a lengthy and expensive procedure. Despite losing millions, the company assured users that there will be a full refund.

 

In order to gain more information about the second biggest crypto asset, Ethereum, & ETH price, take a look at Ethereum Price updates and Ethereum Price Predictions.

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Could The Logistics Industry Start Incorporating Bitcoin Into Their Delivery Services?

 

As online shopping continues to rapidly gain popularity, the logistics industry has been looking for new and exciting ways to streamline processes and increase efficiency. But with a number of technological advancements being made, could bitcoin and blockchain technology be the answer that is needed to aid in the completion of those goals? In this article, we will be providing insight into how the logistics industry can benefit from this technology in the near future. 

The Implementation Of Blockchain Technology 

Though the logistics industry is thriving at this time, there are a number of ways that the efficiency of parcel delivery companies and supply chains can benefit from blockchain technology. Whether this is the speed in which transactions can be processed or the level of security that companies will gain when completing overseas transactions, this will revolutionise the efficiency of the delivery service and will begin to cater to a wide range of customers when shopping online. 

The Implications On International Sales 

Though technology such as this can take time to implement correctly, this can benefit a supply chain when dealing with international shipments and payments as they can be processed significantly faster as a result. This can benefit international sales as items can be paid for using bitcoin allowing for a higher level of security without putting your company at risk. In addition to this, the decentralised nature of this currency means that the value is rarely affected by inflation, therefore meaning that payments can be made without either side losing too much money as a result. 

Increased Security As A Result 

Though no technology remains completely exempt from a cyber hack, blockchain technology can certainly help to securely store customer information and streamline processes. With every order being stored with its own unique hash, this can then be accessed quickly, allowing for pickers and shipping companies access to everything that they need to process the order and ensure that shipments are dealt with quickly. In addition to this, all information within a blockchain system is encrypted, this, therefore, means that you can determine whether or not the information has been tampered with in any way as well as monitor each transaction closely.

Reaching To Those That Don’t Bank 

The final way that the logistics industry can benefit from incorporating Bitcoin is the reach that they will gain. With some shoppers not using a bank at all, the implementation of Bitcoin can cater to these audiences and therefore boost sales as a result. Though it will take time to implement a strategy such as this on a much larger scale, this will benefit your business when it comes to customer acquisition rates as you will the be catering to those that only bank in bitcoin or other alternative currencies allowing your business to grow. 

Whether you are a start-up looking to expand your online store to cater to a wide range of customers, or you are an established business looking to modernise to cater to this new form of online currency, there are a number of ways that the logistics industry can benefit from the implementation of bitcoin and blockchain technology. 

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RIPPLE LABS LOBBYING STATISTICS IN 2019

Ripple Labs, like any other large company, has been reportedly involved in trying to influence regulators in the US at different levels. According to the Ripple Labs report, the lobbying expenses of this crypto company during the last year were 170,000 USD. Compared to the previous year, 2018, these expenses are very minimal.

According to a Washington-based research organization, opensecrets.org, the crypto company had spent 170,000 USD on lobbying for six lobbyists. All of them were not members of the US congress previously and two of the six were Ripple Labs staff members, Ron Hammond as well as Ryan Zagone.

The firm that conducts research on lobbying for elections and tracking money as well as claims to be neutral, stated that the Executive Office of the President was lobbied last year by Ripple Labs. The issues that Ripple Labs lobbied for were one technology-related, one associated with banking as well as two finance issues.

After that, Ripple Labs, together with eight other large corporations, lobbied the 2019 Token Taxonomy Act. Some of these companies were the United States Chamber of Commerce, the Blockchain Association, the IBM Corporation as well as Mastercard Inc.

According to the research, the crypto asset company in the first quarter of last year spent around 100,000 USD for lobbying, 20,000 USD in the second quarter and 50,000 USD in the third quarter. Comparing these numbers to the previous year, in 2019 Ripple Labs had spent 280,000 USD (or over 60 percent) less on lobbying. In 2018, almost half a million USD was spent on lobbying by Ripple Labs and that same yaer Ripple Labs was accused of bribing in order to get XRP on the Coinbase crypto exchange platform.

 

Ripple has been a great investor for crypto startups as well as a link to the global financial system. In order to get more news on Ripple & XRP price, have a look at Ripple Price updates and Ripple (XRP) Price Predictions.

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BITCOIN LIGHTNING NETWORK STATISTICS

According to the BitMex crypto asset exchange platform, numerous details and important points have been shared about the BTC Lightning Network. Looking from the outside, it might seem that the participants of the network are more dynamic than they actually are. However, if you look at the Network more deeply, the state of the Bitcoin Lightning Network is more delicate.

Based on the data, most of the activity on the Bitcoin Lightning Network was invented by certain channels within the system. As stated by BitMex currently there are around 60 thousand such channel closures and more than 100 Bitcoins were used for these transfers. It is true that based on these number the level of activity on the Bitcoin Lightning Network is very high, especially considering that this still doesn’t show the full picture. However, when we consider the members of the channels that left and received their previous funds, the picture slightly changes. During analysis, these channels are often overlooked in favor of currently open and public ones.

Yet, when we consider these channel closures we also get a look at private channels. At the same time, the findings of the analysis are not 100 percent accurate and should be taken with a healthy amount of skepticism. The definite number of channels in the Bitcoin Lightning Network is still unclear. This is the exact reason why the BitMex report also mentioned and gave statistics on the channel closures. According to the lower estimate, there have been over 59,500 transfers with more than 1,000 BTC coins as well as almost 10,000 transactions and over 1,400 BTC spendings based on upper estimates.

The volume on the Bitcoin Lightning Network is pretty high and demonstrates that more people are trying out the technology than we might think at first glance.

 

To find out more news about Bitcoin & its price, have a look at Bitcoin Price updates as well as Bitcoin (BTC) Price Predictions.

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FTX ADDED BITCOIN OPTION TRADING

On January 11 of this year, the FTX crypto asset derivative exchange platform added Bitcoin options trading. The Chief Executive Officer of the exchange platform, Sam Bankman-Fried, the day before declared on Tweeter that BTC trading options have been included on the FTX exchange. A couple of hours later, Bankman-Fried announced on the same platform that the volume of the options trading on FTX hit the 1 million USD mark in less than two hours.

Even though in the announcement it was not mentioned the crypto coins that FTX options trading supports, the only options currently displayed on the platform are Bitcoin-based. Based on information from CoinGecko, a digital asset data platform, FTX is among the most famous and best crypto exchange networks with a trading volume of around 278 million USD during the past twenty four hours. This crypto exchange was launched pretty recently, in 2019, and offers users derivative trading products professionally. According to a report by Cointelegraph, Binance has also an investment in this new company in December of last year. However, the CEO of FTX refused to answer questions on the investment.

Digital asset derivates have been seeing very positive conditions and developing rapidly. OKEx, a crypto asset exchange company based in Malta, also made an announcement that it is going to release digital asset options trading in December of 2019. On the other hand, Napoleon AM, a french asset management company, had announced the release of a BTC fund.

In the past few years, the number of regulations around crypto assets globally has significantly increased and they have become much more distinct over time. As an example, the presidential committee of South Korea has made a suggestion to enable companies to release crypto-related products on the market.

 

In order to find out more information on the largest crypto asset, Bitcoin & its price, take a look at Bitcoin Price updates and Bitcoin (BTC) Price Predictions.

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ETHEREUM PREDICTIONS BY CONSENSYS CO-FOUNDER

According to Andrew Keys, one of the founders of ConsenSys, Serenity by Ethereum is expected to launch at the end of 2020. Keys talked about his excitement for the new venture considering how the development of Serenity is going.

A post was released on the ConsenSys website on January 7 of this year, where Keys discussed his crypto market predictions for the new year. Originally, Andrew Keys was a co-founder of the ConsenSys firm, however, since then he has earned a position for himself as a partner at DARMA Capital. Keys discussed a number of his predictions about numerous topics varying from the global financial system to issues of human rights and a couple of his predictions were notably positive.

This year, Ethereum is going to move from phase 0 to phase 1 of Ethereum 2.0 as the shard chain launch. Also as the development of Serenity proceeds, Andrew Keys predicted that the second layer solution is going to take the Ethereum network to another level.

The last stage of Ethereum 1.0 was the latest Istanbul hard fork as well as numerous recent modifications. The biggest improvements of the Ethereum Network involved EIP-152, ZCash and, at the same time, adjustments have been made for projects like Aztec and ZEther.

Aztec was specifically made to create private transactions for the Ethereum network by using a technology named SNARK. This technology was also used for the private transactions of ZCash. At the same time, Matter Labs is trying to use the new technology to make the system more scalable. The next steps towards Ethereum 2.0 after the Istanbul hard fork is still unclear. Based on the ConsenSys roadmap released in 2019, Serenity was supposed to be launched in 2019. After the launch of Serenity, Ethereum will switch to the Proof-of-Stake system.

 

To gain more information about Ethereum & ETH price, have a look at Ethereum Price updates as well as Ethereum Price Predictions.

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