Trading news-Page 42
Mastercard is preparing its infrastructure for the deployment of CBDCs
During an earnings call with investors and stakeholders, Michael Miebach, CEO of Mastercard, discussed his positive outlook on the cryptocurrency industry. The company had seen sizable volume growth in consumers using their Mastercards to purchase crypto and secured several partnerships with cryptocurrency firms. But Miebach's most ambitious viewpoint comes from a discussion regarding central bank digital currencies, or CBDCs, saying: "We are saying at this point in time, the most likely chance for this kind of technology to work for payments is if it's issued through a government in the form of a CBDC. We said that on a couple …
Adoption / Oct. 28, 2021
TradingView signals are now available on this crypto trading bots platform
Being a trader, even a very experienced one, is not an easy job, especially in the crypto industry. The stress of making decisions under pressure and in a very short period of time takes a toll on you. This is when trading tools and charts come in handy. TradingView, an online data platform, is a very popular and useful tool for traders. They use it to track prices and analyze stocks, bonds, indices, cryptocurrencies, and other assets. Novice traders can use TradingView’s insights from experienced traders to make better trading decisions. For experienced users, the platform can become an essential …
Trading / Oct. 28, 2021
Binance Smart Chain surpasses 1.5 billion lifetime transactions
Binance, the world's largest cryptocurrency exchange by volume, tweeted on Oct. 26 that the cumulative number of transactions on its Binance Smart Chain (BNB) has surpassed 1.5 billion. The network achieved this milestone a mere 14 months after its launch on Aug. 31, 2020. According to BscScan, the daily number of transactions on the blockchain recently surged to over 10 million — just shy of its all-time high record of 13 million back on July 29. There also appear to be more than 108 million unique wallet addresses on BSC’s blockchain, compared to about 650,000 at the beginning of the …
Adoption / Oct. 27, 2021
Singapore millennials prefer to shop local as crypto exchange sees record trading volume YTD
With a reputation for being one of the most pro-crypto nations in the world, it comes as no surprise that a vast majority of Singaporeans have invested in cryptocurrency. According to a recent survey from the 2021 Independent Reserve Cryptocurrency Index, 66% of those polled between the ages of 26 to 45 said they owned cryptocurrencies. Coinhako, a Singapore-based crypto exchange, reported a 700% increase in the number of users trading on its platform during the first half of 2021. The platform reported seeing “a greater appetite for crypto from millennials” based on its active customer base, which mainly consists …
Bitcoin / Oct. 26, 2021
This cryptocurrency wallet aims to provide secure and easy access to the crypto world
Bitcoin (BTC) was the first cryptocurrency, originating back in 2009. By offering a set-in-stone monetary policy combined with "permissionless-ness" and radical openness, Bitcoin presented an alternative opt-in financial system -- one where economic freedom reigns. The crypto space has since expanded far beyond Bitcoin. Largely driven by smart contract platforms like Ethereum (ETH), users now have access to an entire decentralized finance (DeFi) ecosystem, on-chain programmable art (in the form of nonfungible tokens, also known as NFTs), crypto-based games, and much much more. Given that less than 5% of people globally own Bitcoin, we can consider the cryptocurrency to still …
Decentralization / Oct. 25, 2021
Reactivated Ethereum pools trigger a 78% surge in THORChain price
Ealier this year THORChain underwent a series of protocol exploits which led to $8 million being drained from its reserves and these successive attack took a heavy tool on RUNE price. This week, the protocol announced that it would re-open its Ethereum pool, along with other altcoin and BTC-based pools and the announcement appears to be having a positive impact on RUNE price. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $2.95 on July 20, the price of RUNE has increased 283% to a$11.64 and there is also a noticable uptick in trading volume. …
Markets / Oct. 24, 2021
How a single-strategy crypto algorithm turned $100 into $36,205 in 10 months
Before we get into the nitty gritty of how one simple rule created the kind of insane return on investment noted in the headline, let’s be clear on one thing. You can't copy this. Actually, no human can. Even a trading bot couldn’t replicate this particular strategy in real life, because it’s a thought experiment, a proof of concept, rather than an actual way to make money in crypto trading. The exchange fees alone would kill this particular strategy for most traders. But that doesn’t mean it’s useless — in fact, it’s the perfect way to illustrate how a simple …
Markets Pro / Oct. 23, 2021
Hilbert Group forms COIN360 JV with Cointelegraph and Chiron Partners
Sweden-based Hilbert Group AB, United States-based Cointelegraph and Asia-based investment group Chiron Partners will join forces to launch a new business of COIN360. Under this joint leadership, COIN360 will expand its product suite to become a full-service market data provider covering the full spectrum of digital assets — including decentralized finance (DeFi), nonfungible tokens (NFTs) and security token offerings — for both institutional and retail traders. Under the new arrangement, COIN360, the crypto market data provider with 4 million monthly visits known for its iconic heatmap, will become a joint venture of the three parties. Hilbert Group AB, which will …
Markets / Oct. 22, 2021
Robinhood crypto wallet waitlist hits 1 million people
More than 1 million people are on the waitlist for Robinhood’s long-awaited crypto wallet according to CEO Vlad Tenev Speaking to Jim Cramer during CNBC’s Disruptor 50 summit on Oct. 21, Tenev stated that was very “proud” of Robinhood's progress in crypto, as he highlighted the firm’s recent push to provide a crypto wallet for its users: “A lot of people have been asking us for the ability to send and receive cryptocurrencies, transfer them to hardware wallets, transfer them onto the platform to consolidate. And you know, the crypto wallets waitlist is well over a million people now, which …
Trading / Oct. 22, 2021
The differences in trading in a bullish and bearish market, explained
How can automated trading software help out a trader in both markets? An automated trading platform can help users identify and execute cryptocurrency trades with less manual effort. It can be difficult for traders to find the time necessary to spend in front of graphs as they attempt to determine the right time to buy and sell. As a result, many have found that they have lost out on many opportunities since they weren’t on their computers at the right time. Automated trading can help cryptocurrency traders take advantage of as many of these opportunities as possible and addresses many …
Blockchain / Oct. 19, 2021
How to make DeFi easier for newcomers, explained
Got it. But how do I know that I’m using the right aggregator? The increased development and investment in DeFi means that there is a constant stream of new products and ways for users to engage with the DeFi community. This also means more research is required into what protocols are offering and what services are available. One such aggregator, Feeder Finance, offers a user-friendly interface that supports smart contracts, attracts new users and maintains an ever-growing DeFi community. As a leading aggregator with a community of over 10,000 monthly users, the platform offers an efficient front end and focused …
Blockchain / Oct. 18, 2021
Why HODL for 48 hours? Because your altcoin wallet will thank you
It might seem that the volatility of digital assets’ prices and the lightning speed with which crypto markets move would mean that those who act fastest secure the heftiest rewards. And, in certain cases, this holds true. For example, when an announcement of a token’s listing on Coinbase or Binance first goes public, and the asset’s price line becomes all but vertical. But, in many cases, the tortoise beats the hare. This principle is clearly at work when it comes to traders using quant-style tools to enhance their decision-making. One example is the VORTECS™ Score, an algorithmic comparison between historic …
Markets Pro / Oct. 16, 2021