Jake Simmons, Autor bei Crypto News Flash https://www.crypto-news-flash.com/author/jake/ Thu, 03 Jun 2021 15:50:53 +0000 en-US hourly 1 https://www.crypto-news-flash.com/wp-content/uploads/2021/04/cropped-favicon_128-32x32.png Jake Simmons, Autor bei Crypto News Flash https://www.crypto-news-flash.com/author/jake/ 32 32 TradedWell review: How good is the CFD broker based in the EU? https://www.crypto-news-flash.com/tradedwell-review/?utm_source=rss&utm_medium=rss&utm_campaign=tradedwell-review Wed, 14 Apr 2021 08:20:01 +0000 https://www.crypto-news-flash.com/?p=114325 In this article, we will examine CFD broker TradedWell and take a closer look at whether the broker is a trustworthy and safer option. About TradedWell TradedWell is the name of the trading platform, which is operated by iTrade Global CY Ltd. This is an investment company that owns the “iTrade” brand and operates TradedWell.com. [...]

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In this article, we will examine CFD broker TradedWell and take a closer look at whether the broker is a trustworthy and safer option.

About TradedWell

TradedWell is the name of the trading platform, which is operated by iTrade Global CY Ltd. This is an investment company that owns the “iTrade” brand and operates TradedWell.com. The company is incorporated in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (“CySEC”). The Company’s registration number is HE 335424 and its CIF license number is 298/16. The registered office of the Company is located at Isiodou, Andrea Laskaratou & Emanouel Roides Street 10-12, 2nd Floor, Ayia Zoni, 3031 Limassol, Cyprus. The Company has also appointed a tied agent, Alef&Kiai S.L., a company incorporated and domiciled in Spain.

Users can choose from 3 account types at TradedWell: Silver, Gold and Platinum, with the highest account type unlocking the most features and benefits. However, regardless of the account type, all users can trade more than 300 CFD financial instruments. The portfolio includes more 30 cryptocurrency trading pairs (as CFDs) as well as currencies, commodities, stocks, indices and metals.

Most important info

✅ Website address: https://www.TradedWell.com
✅ CFDs: currency pairs, cryptocurrencies, commodities, stocks, indices and metals
✅ Leverage: up to 1:30 (for individual traders), up to 1:500 for professional traders
✅ Minimum deposit: from $250
✅ Demo account: Yes, for 360 days+
✅ Deposit and withdrawal methods: credit cards (Visa, Mastercard, Maestro, V Pay), wire transfer, Neteller and Skrill

**Risk Warning: Risk Warning: FX/CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.78% of retail investor accounts lose money when trading CFDs with this Provider. You should consider whether you understand how FX/CFDs work and whether you can afford to take the high risk of losing your money.

Is TradedWell trustworthy?

The most important question when choosing a broker is whether it is safe and trustworthy. The most important criterion in terms of trustworthiness is regulation by a supervisory authority. In the case of TradedWell, the company behind the platform can boast a license from the Cyprus Securities and Exchange Commission, which is the financial regulator of the European country of Cyprus. The authority ensures supervision, maintenance of sufficient capital, regular audits and security of customer deposits.

In addition, CySEC ensures that client funds are kept separate from the company’s business accounts. Furthermore, TradedWell offers protection against a negative balance. The moment your account balance reaches zero, the broker automatically closes the position so you can’t slip into the negative. Another advantage of the CySEC regulation is that there is a compensation fund in case the platform has to close unexpectedly.

In terms of website security, TradedWell can boast Secure Socket Layer (SSL) encryption, SAS 70 data servers, and a firewall.

To protect users from making bad decisions, TradedWell also offers an extensive educational portal. This includes educational material such as videos on demand (VoD), ebooks, courses, tutorials and daily news. For more advanced users, TradedWell offers numerous tools to evaluate and analyze their own trades in order to make the best decisions for themselves.

Last but not least, in case of any problems, TradedWell also offers customer support that can be contacted via phone call, email and live chat from Monday to Friday 07:00 – 16:00 GMT. All of the above arguments suggest that TradedWell is a reputable CFD broker.

Account types at TradedWell

At TradedWell you can choose between three types of accounts. All accounts have in common that there are no deposit limits, no deposit fees and offer over 300 different CFDs.

The maximum leverage offered for professional traders is 1:500. Moreover, the leverage also depends on the type of account. For example, for the gold account it is 1:400, for the silver account it is 1:200 and for the private accounts it is 1:30. There are also significant differences in the spreads, which decrease significantly if you choose the gold or platinum account:

Tradedwell spreads

Silver account

  • Hedging
  • FX leverage for retail accounts 1:30
  • FX leverage for professional accounts 1:200
  • Dedicated account manager
  • Personalized investment messages

Gold account

  • Hedging
  • FX leverage for retail accounts 1:30
  • FX leverage for professional accounts 1:400
  • Dedicated account manager
  • Personalized investment messaging
  • Free VPS
  • Five decimal points
  • Swap discount 25%

Platinum account

  • Hedging
  • FX leverage for retail accounts 1:30
  • FX leverage for professional accounts 1:400
  • Dedicated account manager
  • Personalized investment messaging
  • Free VPS
  • Five decimal points
  • Swap discount 50%

Platforms for trading on TradedWell

WebTrader

TradedWell WebTrader works in such a way that you do not need to download any software, but can trade directly from your computer. Within the WebTrader you can analyze the latest market news and trading conditions with a wide range of analytical tools. In addition, WebTrader offers you a full history of your trades, a real-time balance level, automatic stop loss/take profit functions, multi-lingual support, 1-click account switching and inherent platform support, as well as live chat.

Mobile App

If you like to trade on the go, there is an app for Android and iOS, which you can download from the respective app store. By means of the app, you can get full control over your trading from any place and at any time. The mobile app has the same functionality as the WebTrader, so you can check your account balance in real time, use stop loss/take profit functions, contact multi-lingual support and use over 60 professional analysis tools.

Available CFDs on cryptocurrencies

On TradedWell, you have 24 different trading pairs available for CFDs on cryptocurrencies. The big advantage of CFDs over “real” cryptocurrencies is that you do not bear the risk of custody. Thus, you don’t have to worry about storing them in a wallet. Below you can find the list of available trading pairs

  • Bitcoin Cash ABC vs. US Dollar (Bitfinex)
  • Bitcoin vs. Euro (Bitfinex)
  • Bitcoin vs. Great British Pound (Bitfinex)
  • Bitcoin vs. US Dollar (Bitfinex)
  • Bitcoin vs. Chinese Yuan
  • Litecoin vs. US Dollar (Bitfinex)
  • Litecoin vs. Euro (Bitfinex)
  • Ethereum Classic vs. US Dollar
  • Ethereum Classic vs. Euro
  • Ethereum vs. US Dollar (Bitfinex)
  • Ethereum vs. Euro (Bitfinex)
  • Ethereum vs. Great British Pound (Bitfinex)
  • Dashcoin vs. US Dollar (Bitfinex)
  • Dashcoin vs. Euro (Bitfinex)
  • Bitcoin Gold vs. US Dollar (Bitfinex)
  • Ripple vs. US Dollar (Bitfinex)
  • Ripple vs. Euro (Bitfinex)
  • Monero vs. US Dollar (Bitfinex)
  • Yuan Chain Coin (YCC)
  • Zcash Vs. US Dollar (Bitfinex)
  • Cardano Vs. US Dollar (Bittrex)
  • IOTA Vs. US Dollar (Bitfinex)
  • NEO Vs. US Dollar (Bitfinex)
  • Stellar Vs. US Dollar (Bitfinex)

Trade crypto CFDs on TradedWell

Fees

As part of trading on TradedWell, spread and swap fees are charged, which vary depending on the instrument traded and the account type opened. The spreads for popular products such as EUR/USD are average:

  • Silver from 2.8 pips
  • Gold from 2.0 pips
  • Platinum from 1.8 pips

For non-Islamic accounts, overnight funding or “swap” fees are charged on positions that remain open overnight (22:00) GMT. If positions are held over the weekend, a three-day swap fee is charged on Wednesdays.

Conversely, TradedWell offers Islamic forex accounts that comply with Islamic religious principles. Islamic accounts are free of any overnight fees during the first 5 days a position is opened. On the 6th day, a storage fee of 10 USD / lot per night is charged, with the fee reaching triple if the overnight order falls on a weekend day.

Similarly, certain international accounts are swap free during the first 5 days. On the 6th day, a storage fee of 10 USD / lot per night is also charged, with the aforementioned weekend rule applying in the same way.

There is also an inactivity fee. Customer accounts where no trades have taken place for a period of more than 60 calendar days are considered dormant accounts. Due to this, a dormancy fee will be charged in the following amount:

  • from 61 to 90 days: 160 EUR
  • 91 to 180 days: 120 EUR
  • 181 to 270 days 200 EUR
  • Over 271 days 500 EUR

Payment methods

At TradedWell you can choose from a variety of payment methods, namely:

  • VISA
  • VPAY
  • Verified by VISA
  • Mastercard
  • Maestro
  • Mastercard Secure Code
  • Skrill
  • NETELLER

Open an account

The account opening process of TradedWell is very simple and intuitive, so even beginners should not have any difficulties opening an account. You need to go through the following steps:

  1. Enter login information. Enter your name, email address, phone number and create a password for your account.
  2. Additional personal information (KYC): Here you must enter all the information that will be asked.
  3. Questionnaire: TradedWell will ask you various questions about, among other things, your trading experience.
  4. Upload documents: Upload all the required documents as part of the KYC.
  5. Trading: You can deposit money and start trading or use the practice account first.

Once you are registered, you will have access to a practice account with $100,000 in virtual money to test out your trading skills. The practice account is initially available for up to 360 days, and can be extended upon request to the account manager. When you feel ready to trade live, simply click the “Start” button on the account labeled “Live”.

Conclusion

Our research has shown that TradedWell is a reputable and safe CFD broker. The broker is regulated by CySEC with license number 298/16 and takes numerous measures to protect the client. On the other hand, TradedWell offers a large amount of educational material and a 360 days+ practice account to be the suitable choice for beginners. Last but not least, there is a large number of CFDs available with 300+. Included in this are 24 different trading pairs for CFDs on cryptocurrencies.

**Risk Warning: FX/CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.78% of retail investor accounts lose money when trading CFDs with this Provider. You should consider whether you understand how FX/CFDs work and whether you can afford to take the high risk of losing your money.

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We’re a fintech and GovTech: Hoskinson talks Cardano’s potential in Africa https://www.crypto-news-flash.com/were-a-fintech-and-govtech-hoskinson-talks-cardanos-potential-in-africa/?utm_source=rss&utm_medium=rss&utm_campaign=were-a-fintech-and-govtech-hoskinson-talks-cardanos-potential-in-africa Wed, 14 Apr 2021 06:51:20 +0000 https://www.crypto-news-flash.com/wir-sind-fintech-und-govtech-hoskinson-diskutiert-das-potential-von-cardano-in-afrika/ Cardano’s “Africa Special” is about to be announced “very soon”. IOG is merging its Ethiopia office with SingularityNet to merge efforts in the country. In a highly recommendable interview with LunarCRUSH, Cardano inventor Charles Hoskinson talked about numerous topics, including the hottest of them all at the moment – the efforts for Cardano in Africa [...]

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  • Cardano’s “Africa Special” is about to be announced “very soon”.
  • IOG is merging its Ethiopia office with SingularityNet to merge efforts in the country.

  • In a highly recommendable interview with LunarCRUSH, Cardano inventor Charles Hoskinson talked about numerous topics, including the hottest of them all at the moment – the efforts for Cardano in Africa and specifically Ethiopia. The Input Output Global CEO explained that “there’s so much going on in Africa” that there will be a special episode of Cardano 360 – the “Africa Special.” “Hopefully we’ll be able to announce that very soon,” Hoskinson continued.

    Further, Hoskinson said that IOG has recently partnered with SingularityNET, and the two teams will be merging their offices in Ethiopia to combine their efforts:

    We’ve been running around the continent for quite some time. Our biggest office in Ethiopia, in Addis Ababa. And actually, we just partnered with SingularityNet to merge our office in their office, and we’ll be probably 30 to 50 people that are in the office.

    Talking about what Cardano can be used for anywhere on the continent, Hoskinson continued:

    And we do everything, we’re on one side fintech, on one side gov tech, and then we also think about supply chains and agricultural technology, and it could be everything from “let’s get land on our ledger” cause thieves are a huge problem in Africa, to voting, to identify people, so let’s create an identity layer and when you have that, you can talk about a reputation and credit system, then payment systems, all these types of things.[…] and it’s good to be there early. So We’re all across the continent, in Nigeria, we have people in Kenya, we have been to Rwanda, Uganda. And we have a lot of partners like IceAddis.

    Africa is the new China

    According to the IOG chief, the African continent offers the world’s greatest potential, both for economic growth and for the use of blockchain. Everything related to government and administration could be “upgraded” in the next 10 years in most African countries, which is why Africa is “like China in the 1980s.” In Ethiopia, for example, 70% of the population is under 30. Most of them are “digital natives” and “pro-crypto.”

    The really clever people look at the social dynamics, seeing the policy changes and saying this is a rocket ship. They are right now loading fuel to it, so you don’t see it, but I want to be in the ship when it takes off.

    In addition, Hoskinson also emphasized that most African political leaders currently the age of U.S. President Joe Biden have either already been replaced or are being replaced with “younger guys” who are “pretty tech-savvy.” For example, the prime minister of Ethiopia is a cryptographer.

    He can read the papers we write, I can’t do that with Joe.

    Der Beitrag We’re a fintech and GovTech: Hoskinson talks Cardano’s potential in Africa erschien zuerst auf Crypto News Flash.

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    Degen Protocol: Introducing customizable margin trading platform  https://www.crypto-news-flash.com/degen-protocol-introducing-customizable-margin-trading-platform/?utm_source=rss&utm_medium=rss&utm_campaign=degen-protocol-introducing-customizable-margin-trading-platform Tue, 13 Apr 2021 13:50:46 +0000 https://www.crypto-news-flash.com/?p=114774 Margin trading continues to take center stage in the cryptocurrency industry. Despite the risks associated with margin trading, it remains a profitable venture. However, most existing margin trading platforms do not offer investors the much-needed freedom to dictate things as they are highly centralized. However, the emergence of Decentralized Finance has presented an opportunity to [...]

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    Margin trading continues to take center stage in the cryptocurrency industry. Despite the risks associated with margin trading, it remains a profitable venture. However, most existing margin trading platforms do not offer investors the much-needed freedom to dictate things as they are highly centralized. However, the emergence of Decentralized Finance has presented an opportunity to change the status quo. Degen Protocol is a new project that is changing the playing field. The main catch for Degen Protocol is its customizable features in enabling margin trading. 

    What is Degen Protocol and its proposition?

    Degen Protocol is a decentralized finance project that powers margin trading and is customizable, giving investors control of the system. The project is anchored on both BSC and the Ethereum chain, and their features vary alongside their respective fee structures. The protocol is powered by the GDN token, whose supply has been set at one million. 

    Degen Protocol’s proposition to the cryptocurrency ecosystem is to change the approach towards margin trading. From the start, when a trader opens a leverage trading position on Degen, a commitment and a liquidation fee are frozen in his balance. For all traders, the commitment size relies on leverage. Anyone can liquidate a long or short position if there is a loss that surpasses the commitment size. Furthermore, the system also enables users to top up more commitment to a position to prevent liquidation. Note that once a position closes.

    The commitment and liquidation fee are remitted to the balance.

    For most existing margin trading exchanges, investors usually have less control when it comes to controlling risk. Typically, margin trading is known to be volatile and very risky, but Degen Protocol offers room to control losses. Furthermore, a liquidation fee can be paid to stop loss or take profit. Another catch for the protocol is that the liquidation fee is fixed for the trade and can be changed based on the gas price. The variation in fees is meant to offer incentives for users to liquidate positions smoothly. The margin trading operates on both BSC and the Ethereum chain with varying features between the two versions and their respective fee structures.

    At the core of Degen Protocol is the bi-pool feature that refers to a pair of liquidity pools. The bi-pool feature offers sufficient liquidity for every trading pair. With existing margin trading platforms, mixing pools for different trades is not possible as there is a vulnerability of undiscovered tokens. For Degen, the bi-pool protocol protects investors from malicious pool creators by using a smart contract.

    It enables the creation of a new bi-pool for the desired UniSwap or other AMM pair. Worth mentioning is that many pools can exist with different settings for the same AMM pair. This allows investors to pick and choose between them. Following the creation of a bi-pool, lenders can top up funds and earn interest.

    Degen protocol is for investors who utilize tokens in pools to make profits and return them to the pool with fees. Traders can also select a trading pair simultaneously by choosing a margin pool based on rating, liquidity, lenders’ interest, and open positions. This is part of the stop loss and takes profit functionality that Degen Protocol introduces into the cryptocurrency market.

    The protocol is also home for stakers who can stake tokens and participate in governance while earning a profit on each platform trade.

    For lenders, the platform enables tokens to pool for trades and subsequently be awarded fees for each pool trade. The unique lending feature serves investors who are not interested in the AMM pool. Therefore, investors are required to deposit funds to a margin bi-pool and get bearings that are independent of either profits or losses.

    The project also has pool creators who are mandated to add any trade pair pool to the Degen protocol while promoting it to investors and lenders simultaneously. Worth mentioning is that the lending feature is different from existing solutions as it enables anyone to create a margin trading bi-pool. In this case, the creator can customize the pools based on creator fee, lender fee, max leverage, pool max utilization, along with lenders’ day interest.

    To maintain the project’s growth, Degen Protocol has lined up several system updates like the governance changes scheduled for Q2 2021. As of Q3 2021, investors will have an opportunity to enjoy additional AMM integration alongside synthetic derivatives in the next quarter. 

    The bottom Line

    There is no doubt that cryptocurrency margin trading is a game-changer in the financial ecosystem. However, investors are limited from experiencing the full potential of leverage trading since most exchanges are highly centralized; hence traders have a minimum role in governance. However, the all-customizable Degen Protocol offers a new opportunity for what can be achieved when governance is handed to investors.

    Der Beitrag Degen Protocol: Introducing customizable margin trading platform  erschien zuerst auf Crypto News Flash.

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    Orion Protocol integrates Polkadot into Orion Terminal https://www.crypto-news-flash.com/orion-protocol-integrates-polkadot-into-orion-terminal/?utm_source=rss&utm_medium=rss&utm_campaign=orion-protocol-integrates-polkadot-into-orion-terminal Tue, 13 Apr 2021 13:00:53 +0000 https://www.crypto-news-flash.com/?p=114621 Orion Protocol integrates Polkadot into the Orion Terminal for immediate access to the DeFi and NFT space of the network.  The integration of Polkadot is expected to be completed by Q2 2021. After Orion Protocol announced a partnership with IOG, the development company behind Cardano, about two weeks ago to become the first liquidity aggregator [...]

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  • Orion Protocol integrates Polkadot into the Orion Terminal for immediate access to the DeFi and NFT space of the network. 
  • The integration of Polkadot is expected to be completed by Q2 2021.

  • After Orion Protocol announced a partnership with IOG, the development company behind Cardano, about two weeks ago to become the first liquidity aggregator for the network, the team has now announced the integration of another big name in the smart contract space. Orion Protocol will implement Polkadot into its Orion Terminal, following integrations with Fantom, BSC, Huobi’s ECO Chain, Avalanche, Ethereum, Elrond, and Cardano.

    As CNF was informed with a press release, the code for it has been successfully migrated to the Polkadot ecosystem via Moonbeam while work has begun on building the UI/UX for integration with Orion Terminal. With this, users of the chain agnostic liquidity aggregator will also have access to Polkadot’s upcoming DeFi ecosystem.

    As CNF reported, Orion Protocol is a decentralized gateway to the crypto market that allows its users decentralized access to liquidity from popular exchanges like Binance, KuCoin and BitMax – without having to open an account – as well as decentralized alternatives like Uniswap. The so-called Orion Terminal went live on March 31 with support for the Ethereum blockchain and the Binance Smart Chain (BSC).

    This integration of Polkadot is expected to be completed by Q2 2021 and also brings improved interoperability and scalability to Orion Terminal, alongside low transaction costs, low transaction latency, high transaction concurrency and cross-chain asset transfers. In addition, the Orion team stated:

    Orion’s Protocol integration with Moonbeam gives them immediate access to the many integrations already integrated, including projects in the DeFi and NFT space, while opening the doors for Orion to access other assets on Polkadot’s fast-paced, growing ecosystem. Polkadot and Moonbeam developers will be able to use Orion’s decentralized gateway to access major CEX, DEX, and swap pools in one place.

    With the integration, Orion Protocol thus continues its strategy of focusing on a crypto ecosystem designed for interoperability, as each blockchain offers its own benefits to the Orion terminal – something the DeFi space desperately needs.

    Der Beitrag Orion Protocol integrates Polkadot into Orion Terminal erschien zuerst auf Crypto News Flash.

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    Making the most of a bull market: 3 tips for success https://www.crypto-news-flash.com/making-the-most-of-a-bull-market-3-tips-for-success/?utm_source=rss&utm_medium=rss&utm_campaign=making-the-most-of-a-bull-market-3-tips-for-success Tue, 13 Apr 2021 12:06:46 +0000 https://www.crypto-news-flash.com/?p=114782 Right now, the cryptocurrency market is experiencing what can only be described as an incredibly strong bull market. The vast majority of assets are in the green across all short-term timeframes, and many have reached their all-time highest values in recent weeks. Now is exactly the time to begin taking the time to understand how [...]

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    Right now, the cryptocurrency market is experiencing what can only be described as an incredibly strong bull market. The vast majority of assets are in the green across all short-term timeframes, and many have reached their all-time highest values in recent weeks.

    Now is exactly the time to begin taking the time to understand how best to maximize your yields, to make the most of the market while it lasts.

    Boost your yields

    One of the simplest ways to boost your profits in a bull market is to simply make better use of your funds. This generally means putting idle funds to use to turn a profit — after all, idle funds are liable to depreciate in value if not generating a yield.

    Perhaps the simplest way to achieve this is through the use of a collateralized lending platform, which allows you to deposit your cryptocurrencies — whether they be stablecoins like Tether (USDT) and USD Coin (USDC) or volatile assets like bitcoin (BTC) and ether (ETH) — to turn a secure profit.

    Your deposits are then securely loaned to collateralized borrowers who agree to repay the funds or lose their collateral. As part of the repayment, these borrowers are required to pay interest — which you pocket as profit.

    Though there are a large number of lending platforms, Pokket — a platform that offers a variety of interest-yielding products — stands out as arguably the best solution for most investors since it provides the best interest rates we have seen — such as 15% APY on stablecoin deposits and 6.75% on BTC deposits.

    Pokket

    Image: Pokket

    Unlike many platforms, Pokket doesn’t feature a long lock-in period, with a 14-day minimum period compared to up to a year elsewhere. It also offers up to 277% APY on its structured savings products which bear slightly higher risk, but this is minimized due to the short 1-week hold period.

    Embrace the dips

    In a bull run, it’s common to see most major assets performing well. This has held true in 2021, where almost every top 100 cryptocurrency has gained substantially since the start of the year.

    But this doesn’t mean turning a profit won’t be a bumpy ride. Instead, it’s more likely that the way up will be filled with both minor and major dips along the way — all of which provide an opportunity to boost your profits.

    Though you might be tempted to simply hold through the dips until profitability is achieved, it can actually be more efficient to trade the dips by opening up a short position which will turn a profit while the market falters. You would then close these positions before the market recovers, leaving you in an overall gain.

    The simplest way to achieve this is by trading derivatives for the asset you hold. For example, if you are holding BTC, but expect a temporary dip, you could short sell bitcoin futures or buy put options with or without leverage to capitalize on the dip.

    Although trading futures and options are powerful ways to hedge against downside, the practice is still largely reserved for more experienced traders.

    Fortunately, there several more accessible solutions in the works, including Bumper — a platform that transfers downside risk to contributors to a liquidity pool in exchange for a small fee.

    However, Bumper is still some time away from a public launch, so you’ll need to stick with put options or short futures — at least for now.

    Spotting opportunities

    We’ve all experienced FOMO (fear of missing out) after seeing a cryptocurrency pull off an incredible rally, and considered what we can do to do not only find out how to spot these opportunities early, but also enter and exit at the right time.

    This capability is the difference between a trader who locks in a few percentage points on each trade, and those who are able to achieve multiple times their investment instead.

    But actually pulling this is off is easier said than done. It’s not only a challenge to identify which tokens will perform well, but also when to enter and when to exit. While few people are able to time this perfectly, there are now a number of tools that make doing so a far simpler task.

    NewsCrypto

    Image: NewsCrypto

    NewsCrypto recently unveiled one such tool, which uses social media data and artificial intelligence to predict the future price of major cryptocurrencies — making spotting good entry and exit points less of a guessing game.

    Just remember, the trend is your friend. Don’t forget to set your stop losses to protect yourself against any downside. If the market does turn bearish, you’ll be able to switch to a short strategy to take advantage of the downtrend.

    Der Beitrag Making the most of a bull market: 3 tips for success erschien zuerst auf Crypto News Flash.

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    Meet AlloHash – The first offline cryptocurrency platform https://www.crypto-news-flash.com/meet-allohash-the-first-offline-cryptocurrency-platform/?utm_source=rss&utm_medium=rss&utm_campaign=meet-allohash-the-first-offline-cryptocurrency-platform Tue, 13 Apr 2021 06:54:26 +0000 https://www.crypto-news-flash.com/?p=114741 The cryptocurrency industry has existed for over 10 years, and while a lot has changed since Bitcoin was first released, one thing always stayed the same – everything happened online. But now, that is about to change. AlloHash is now introducing the first offline cryptocurrency platform, where users can trade without the need for an [...]

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    The cryptocurrency industry has existed for over 10 years, and while a lot has changed since Bitcoin was first released, one thing always stayed the same – everything happened online.

    But now, that is about to change.

    AlloHash is now introducing the first offline cryptocurrency platform, where users can trade without the need for an internet connection.

    Reinventing cryptocurrency trading

    Cryptocurrency trading has been known to have certain issues, especially in terms of transaction speed. Confirmations from the blockchain can take a long time, and their duration can sometimes increase due to network congestion.

    AlloHash aims to fix this issue by moving the whole trading process offline, using the Call IVR SYSTEM or SMS  programming options.

    Through this system, all traders need to do to complete a transaction is make a call or send an SMS. This eliminates the network congestion issue, increasing transaction speeds and even reducing the costs associated with internet connectivity.

    AlloHash doesn’t require any personal or account details, with traders being given only a password that they will need for confirmation. Here’s how a typical transaction will look like through the AlloHash network:

    1. Michael wants to send 0.5 BTC to his friend, Robert.
    2. He calls the AlloHash line, where he is connected to the IVR SYSTEM.
    3. He uses his password for authentication, and then he types in Robert’s number and the BTC quantity.
    4. The IVR SYSTEM processes the request and performs the transaction.
    5. Robert then receives a phone call that notifies him of the transaction.

    And if Michael wants to perform the transaction via SMS, the process is even simpler. All he has to do is send a text with “Send 0.5 BTC *phone number* PIN GOOGLE2FA” ,  and immediately the transaction is completed , Robert will be notified of the transaction once it is completed.

    The whole process will take place through AlloHash’s platform, where users will be able to sign up and manage their crypto assets, view, track, and analyze their transactions, or sell digital products or services.

    Why AlloHash

    After conducting extensive research, analyzing the market, and surveying the pain points of users, AlloHash discovered that most people lacked the information and tools that they needed in order to transact freely.

    The AlloHash platform will be dedicated to both professional and new traders, featuring a user-friendly interface and focusing on simplicity and ease of use.

    Their 24/7 customer service team will make sure that all the operations run smoothly, and that users will always have someone to contact in case they require assistance.

    By removing the necessity of a constant internet connection, AlloHash will encourage wider adoption of cryptocurrencies, especially in areas with low internet service. Transfer times are reduced to seconds, and fees are greatly decreased or even reduced to 0.

    And with mobile phones being accessible to almost everyone, transactions will be possible in every part of the world, with minimum effort. The elimination of costs and required infrastructure also makes it easier for people with minimum knowledge in the crypto sector to perform transactions using cryptocurrencies.

    At the same time, by turning a crypto transaction into a simple text/phone call, merchants will be more likely to adopt new payment methods, further expanding the usability of crypto assets across the globe. 

    And while all the transactions can be performed offline, remember that AlloHash is also available online. At the moment, the beta platform offers unlimited call minutes, texts, and cloud storage.

    More about AlloHash

    By creating an efficient Call/SMS Payment technology and linking it to the Blockchain, it makes use of the most common item in our day-to-day lives – mobile phones, and of the most important technology of the present – blockchain technology.

    The platform was designed in late 2017, with its team being formed in early 2018. At the moment, AlloHash is in the final stages of development.

    The offline and online version of the wallet will be released in Q3/Q4 2021, with the company looking to further tweak and develop the platform based on user feedback through a beta testing program.

    In the same period, AlloHash plans to list its native token, ALH, on major cryptocurrency exchanges.

    To stay up to date with all the development of the platform, as well as with updates from the company, make sure to follow it across its official communication channels:

    Website: https://allohash.com/ 

    Twitter: https://twitter.com/allohashcom

    Facebook: https://facebook.com/allohash

    Telegram: https://t.me/allohash_com

    BitcoinTalk: https://bitcointalk.org/index.php?topic=5307700

    Der Beitrag Meet AlloHash – The first offline cryptocurrency platform erschien zuerst auf Crypto News Flash.

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    Cardano partner Emurgo releases beta version of a MetaMask-like app https://www.crypto-news-flash.com/cardano-partner-emurgo-releases-beta-version-of-a-metamask-like-app/?utm_source=rss&utm_medium=rss&utm_campaign=cardano-partner-emurgo-releases-beta-version-of-a-metamask-like-app Tue, 13 Apr 2021 06:29:54 +0000 https://www.crypto-news-flash.com/cardano-partner-emurgo-veroeffentlicht-testversion-einer-metamask-aehnlichen-wallet/ Emurgo, one of the founding entities of the Cardano ecosystem, has released the Yoroi Wallet dApp connector, the beta version of a MetaMask-like wallet application. The application is based on the Ergo blockchain, but could be ported to Cardano with the launch of Goguen due to the common EUTXO model. Within Ethereum‘s DeFi space, MetaMask [...]

    Der Beitrag Cardano partner Emurgo releases beta version of a MetaMask-like app erschien zuerst auf Crypto News Flash.

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  • Emurgo, one of the founding entities of the Cardano ecosystem, has released the Yoroi Wallet dApp connector, the beta version of a MetaMask-like wallet application.
  • The application is based on the Ergo blockchain, but could be ported to Cardano with the launch of Goguen due to the common EUTXO model.

  • Within Ethereum‘s DeFi space, MetaMask is one of the most important building blocks for users. MetaMask allows storing and manage account keys, transfer transactions and send and receive Ethereum-based cryptocurrencies, and securely connect to decentralized applications via the browser plugin or a mobile app.

    As inventor Charles Hoskinson has repeatedly pointed out in the past, Cardano‘s DeFi space is supposed to be cheaper, more secure, and simpler than Ethereum’s. Emurgo, the team behind the Yoroi wallet, could play an important role in the latter. As Emurgo announced yesterday, they have released a beta version of the Yoroi Wallet dApp connector. Introduced with the words “think MetaMask” on Ergo’s blockchain, the dApp Connector is meant to be the gateway to the world of decentralized applications. Via Twitter, Emurgo announced:

    NEW RELEASE: EMURGO has launched a beta version of @YoroiWallet’s dApp Connector (think #MetaMask) on #Ergo’s platform.

    With this development and #Cardano’s #Plutus also on the way, this is just the beginning of dApps in Yoroi. ? $ERG $ADA

    On GitHub, Emurgo explained that the application is “a communication bridge between cryptocurrency wallets and Ergo dApps which interact via JavaScript code injected into a web context. The communication is initiated from the dApp to the wallet.” Regarding the technical implementation of the API, GitHub further states:

    The proposed API is limited to just the minimum wallet <-> dApp communication needed rather than providing lots of utility functions (tx building, data conversions, etc) or node-access (for UTXO scanning). This is different compared to web3 as that functionality could be modular in a separate library and Ergo smart contracts don’t need as much direct node access for basic dApp functionality compared to Ethereum.

    It is important to note that this means the dApp connector will work based on the Ergo blockchain. Since Emurgo is one of the founding entities of the Cardano ecosystem along with IOG and the Cardano Foundation and Ergo is based on the extended UTXO (EUTXO) model as is Cardano, it should be no problem to port the code to Cardano.

    Since Goguen and with it the smart contract era for Cardano has not yet been rolled out, it does not make sense to have a gateway to the world of dApps at the moment – especially since this would be a good way to test the technology before the launch of Goguen.

    Der Beitrag Cardano partner Emurgo releases beta version of a MetaMask-like app erschien zuerst auf Crypto News Flash.

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    IOTA price prediction: 9 days until the biggest upgrade in IOTA’s history https://www.crypto-news-flash.com/iota-price-prediction-9-days-until-the-biggest-upgrade-in-iotas-history/?utm_source=rss&utm_medium=rss&utm_campaign=iota-price-prediction-9-days-until-the-biggest-upgrade-in-iotas-history Mon, 12 Apr 2021 17:54:44 +0000 https://www.crypto-news-flash.com/?p=114692 Chrysalis network migration set to massively increase market adoption – Official start date April 21st 2021. IOTA foundation entering Smart City Projects in Asia and Europe through agreement with South Korean OBSR Foundation. Price Analysis: Recent trends are promising, suggesting further highs very soon. IOTA is a cryptocurrency WITHOUT a blockchain. Sounds almost impossible, right? [...]

    Der Beitrag IOTA price prediction: 9 days until the biggest upgrade in IOTA’s history erschien zuerst auf Crypto News Flash.

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  • Chrysalis network migration set to massively increase market adoption – Official start date April 21st 2021.
  • IOTA foundation entering Smart City Projects in Asia and Europe through agreement with South Korean OBSR Foundation.
  • Price Analysis: Recent trends are promising, suggesting further highs very soon.

  • IOTA is a cryptocurrency WITHOUT a blockchain. Sounds almost impossible, right? It runs on a DAG-based framework which is “An Open, Feeless Data And Value Transfer Protocol”. Fancy!

    With prices on a strong bullish trend since January, this coin could be VERY interesting to buy on major dips! Keep reading to find out how this unconventional crypto could continue rocketing throughout 2021.

    Final phase of major network update on April 21st

    IOTA’s Chrysalis network migration basically means there will be a massive improvement to the coins simplicity, security and real-world usability. With so many potential applications coming soon it’s no wonder this coin’s price has been making a run for the skies!

    IOTA token has increased from $0.29 at the start of the year to $2.00 at the time of publishing. That’s a whopping +590% gain!

    Agreement signed for smart city projects starting 2021

    The IOTA Foundation recently announced the signing of a “strategic agreement with South Korean OBSR Foundation and Tanglehub to jointly apply for smart city projects within South Korea and South East Asia.” 

    Here’s what you need to know:

    • The three-way collaboration promises to enable Smart Cities “in ways that weren’t possible before. Interconnected, sustainable and adaptable to everyone’s needs.”
    • IOTA set to provide the core infrastructure for developing production-ready solutions used in smart cities
    • Tanglehub is already running tests that integrate IOTA to environmental stations to secure data directly at the source

    This means IOTA could soon become the key component to countless smart city infrastructures globally which could cause a massive increase in value.

    Positive Upward Trend seen on Market Scanners & more

    Spotting profitable trends is fast and easy with the Price Action Scanner from ProfitFarmers. The coloured dots represent the price trend in each time frame. More green, stronger uptrend. More red, stronger downtrend. 

    We can see IOTA is in a great range to buy, with dips in the smaller time frames and strong up-trends in the larger time frames.

    IOTA scanner

    You can even get your hands on this market scanner for free here!

    ProfitFarmers also produces trading signals that play various types of price action, and they recently sent out a short term scalping trade signal for IOTAUSDT:

    IOTA

    So far it’s already hit profit target 1 and fallen back into the entry zone. Based on ProfitFarmers signal strategy summary, it could consolidate around the entry zone prices for a few hours before breaking higher again.

    You will benefit a LOT from ProfitFarmers signals if you don’t have the time or skills to constantly find good trades. With a 78% historic win-rate, they make profits more possible for any trader. 

    Oh and better yet, you can get some of their signals for free through Telegram!

    IOTA Price Prediction Summary:

    With Chrysalis rolling out in a few days time, IOTA’s new partnerships for building smart cities and price action pointing towards higher highs, IOTA looks very promising to buy on major dips. Don’t forget to get some of ProfitFarmers signals for free for even more crypto gains!

    You should ALWAYS perform your own analysis and research before choosing to invest in any cryptocurrency. Using ProfitFarmers Free Market Scanners is a smart and easy way to analyze!

    Der Beitrag IOTA price prediction: 9 days until the biggest upgrade in IOTA’s history erschien zuerst auf Crypto News Flash.

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    Accept crypto payments for business https://www.crypto-news-flash.com/what-is-the-future-of-crypto-payments/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-the-future-of-crypto-payments Mon, 12 Apr 2021 14:38:35 +0000 https://www.crypto-news-flash.com/?p=114662 B2BinPay to make crypto payments easy and straightforward Cryptocurrencies are going to replace fiat money, and the year 2020 showed that is not a joke but the upcoming revolution of the global economic system. The number of crypto-accepting businesses is constantly on the rise, while some merchants still have some doubts. Let’s talk in terms [...]

    Der Beitrag Accept crypto payments for business erschien zuerst auf Crypto News Flash.

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    B2BinPay to make crypto payments easy and straightforward

    Cryptocurrencies are going to replace fiat money, and the year 2020 showed that is not a joke but the upcoming revolution of the global economic system. The number of crypto-accepting businesses is constantly on the rise, while some merchants still have some doubts. Let’s talk in terms of figures.

    The overall number of businesses accepting crypto payments has surpassed 17 000 companies, while the total number of crypto holders is purportedly over 70 million. This said each business expects to attract 4 117 new customers. Thousand or even millions of dollars are at stake. Still have doubts about whether to accept crypto payments on website?

    B2BinPay makes the whole process easier and more straightforward. Why should merchants implement the gateway?

    Crypto payments from A to Z

    Merchants have no will to dive into the process, functionality, and pitfalls of this alternative means of payment, and such a factor is among the key hurdles to implement the innovation and enlarge your profits.

    The B2BinPay crypto payments gateway makes such a process entirely straightforward. Merchants apply to a company and obtain a turnkey solution that comprises:

    • A secure gateway that enables companies to accept virtual currencies as payments and receive either digital assets or fiat currencies directly to a bank account;
    • A safe and secure digital wallet to receive crypto assets, hold cryptocurrencies, send them, or exchange with low fees. This said merchants may easily build up their investment portfolios.
    • A convenient sandbox for developers to manage the process easily.

    Eventually, the company provides the fullest scope of settings for you, while your clients will be surprised by seeing the crypto payment option among the traditional methods.

    Accept a wide range of cryptocurrencies

    Crypto payments are among the most fast-growing trends; meanwhile, some 25 digital assets are accepted by a large number of businesses. If we talk about the other coins, their acceptance percentage is less than 0.2%.

    The top-5 coins accepted by crypto businesses are Bitcoin (92.25% of companies), Ethereum (44.26%), Litecoin (36.3%), Bitcoin Cash (32.4%), and Dash (19.77%). B2BinPay enables merchants to accept all the herein mentioned digital assets and many other coins, stablecoins, and tokens to overcome your competitors.

    Constant support and maintenance to push your business forward

    While merchants are looking for solutions on how to accept crypto payments, many companies offer turnkey solutions and that’s it. This innovative path is full of hurdles and the beginning; this is why merchants need to get qualitative and professional support.

    B2BinPay specialists are always ready to help clients, solving all the existing problems. The company’s key purpose is to drive your businesses to new stars. Your success is above all, and a team of qualified professionals works on implementing new solutions and testing ready-made products, making them as effective as possible.

    Der Beitrag Accept crypto payments for business erschien zuerst auf Crypto News Flash.

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    Innovative ways you can greatly improve your cryptocurrency trading plan   https://www.crypto-news-flash.com/innovative-ways-you-can-greatly-improve-your-cryptocurrency-trading-plan/?utm_source=rss&utm_medium=rss&utm_campaign=innovative-ways-you-can-greatly-improve-your-cryptocurrency-trading-plan Mon, 12 Apr 2021 13:42:41 +0000 https://www.crypto-news-flash.com/?p=114637 More and more people are already delving into trading in different kinds of markets. While some are comfortable in the stock market, others are keener on trading digital assets. In terms of the latter, this article lists down some innovative ways to help you greatly improve your cryptocurrency trading plan. Use a trading bot One [...]

    Der Beitrag Innovative ways you can greatly improve your cryptocurrency trading plan   erschien zuerst auf Crypto News Flash.

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    More and more people are already delving into trading in different kinds of markets. While some are comfortable in the stock market, others are keener on trading digital assets. In terms of the latter, this article lists down some innovative ways to help you greatly improve your cryptocurrency trading plan.

    Use a trading bot

    One of the contemporary tools that you can leverage to enhance your cryptocurrency trading plan is a trading bot. As soon as you explore online sources, you will surely come across reliable review sites discussing crypto trading bots. Rest assured that the best crypto trading bots can be found here on these sites, allowing you to choose the best one that will be able to suit your requirements. When you find the right trading bot, then you will already be able to set the parameters that define when it should trade. Just keep in mind that the key here is in coming up with the right trading strategy to rake in profits even while you are sleeping.

    Enhance your technical analysis skills

    Another way to significantly improve your cryptocurrency trading plan is by enhancing your technical analysis skills. For you to accomplish this, you need to leverage the right charting tools that will help you visualize different trading indicators and trend lines. With consistent practice, you will be able to stay ahead of the curve and potentially win big in crypto trading. Bear in mind to use strong technical indicators though to help you justify each of the trades that you make.

    Use stop losses

    In every trade that you make, you should have a good idea of when it is the proper time to get out. After identifying this point, make sure that you set up a clear stop loss level to help you minimize your losses. However, defining a stop loss level is not a random activity, but it should be a well-thought-of plan. Initially, you can set your stop loss at the cost of your digital asset or use a profit loss ratio of 2:1. From there, make adjustments as necessary.

    Leverage the right trading platform

    Finally, you have to ensure that you are using the right trading platform if you want to greatly improve your cryptocurrency trading plan. In this case, choose innovative ones that allow you to trade on multiple exchanges in a single platform rather than having to open several windows to trade across various exchanges. With a single platform, you will be able to closely monitor the market and take advantage of market opportunities sooner. You should also consider the use of a trustworthy exchange that charges reasonable fees. Keep in mind that opening multiple positions each day can also affect your ROI.

    Ripple

    IMAGE SOURCE: https://pixabay.com/photos/currency-finance-business-wealth-3077534/

    To significantly improve your cryptocurrency trading plan, you need to explore the use of a trading bot. Apart from this, you should also take the time to enhance your technical analysis skills and leverage stop losses. You should also ensure that you are using the right trading platform because all these are geared towards helping you meet your trading goals.

    Der Beitrag Innovative ways you can greatly improve your cryptocurrency trading plan   erschien zuerst auf Crypto News Flash.

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