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Stay Ahead With AMBCryptoSat, 05 Dec 2020 13:10:16 GMTSat, 05 Dec 2020 13:10:16 GMThttps://eng.ambcrypto.com/?p=75491Sat, 05 Dec 20 13:10:16 +0000Ethereum, Cosmos, VeChain Price Analysis: 05 DecemberAltcoins,Adoption,Social,Trading View,Analysis,Hide Cryptopanichttps://eng.ambcrypto.com/ethereum-cosmos-vechain-price-analysis-05-december
Thanks to Bitcoin’s performance over the past 10 days, many of the market’s altcoins noted sharp upticks recently. However, that wasn’t to last as the world’s largest cryptocurrency continued to consolidate on the charts under the $19k-mark, many alts fell after a correction wave hit them. While some like VeChain continued to record gains over a weekly basis, other cryptos like Ethereum and Cosmos saw mixed fortunes.
Ethereum [ETH]
Source: ETH/USD on TradingView
Ethereum, the world’s largest altcoin, has been brimming with optimism lately. Not only did the cryptocurrency surge on the back of Bitcoin’s own hike, but the community also welcomed the launch of the Ethereum 2.0 Beacon Chain on the 1st of December. However, despite these updates, ETH’s price fortunes haven’t been the best lately.
Days after ETH surged to levels unseen since June 2018, ETH fell by 8.6% on the charts as corrections ensued. Despite these corrections though, the larger market sentiment remained on the bullish side, at press time.
This was evidenced by Ethereum’s technical indicators as while the Parabolic SAR’s dotted markers were well below the price candles the Relative Strength Index was hovering near the overbought zone.
Cosmos [ATOM]
Source: ATOM/USD on TradingView
Cosmos [ATOM], the cryptocurrency ranked 26th on CoinMarketCap’s charts, has seen topsy-turvy movement over the past few months. Despite such volatility, however, ATOM has been unable to hit the highs it last saw back in August. While ATOM’s investors did hope to see the cryptocurrency surge when the rest of the market did, the crypto disappointed. In fact, ATOM was down by almost 15% in the last 10 days alone.
ATOM’s movement on the charts was underlined by the findings of its technical indicators. While the Bollinger Bands were dropping slightly south, the MACD line crept under the Signal line following a bearish crossover.
Cosmos was in the news a few weeks ago after Celo gave Chorus One a grant to build a bridge to facilitate interoperability between Celo and Cosmos.
VeChain [VET]
Source: VET/USD on TradingView
Popular altcoin VeChain, like ATOM, has seen a lot of sideways movement in the months gone by, despite a host of updates on the developmental side. Thanks to the general bullishness in the market triggered by Bitcoin’s movement over the past week, VET finally surged on the charts, with the crypto up by over 20% on the weekly timeframe. This was a healthy hike, especially since most of the market soon saw corrections after the aforementioned bullishness had passed.
While the Awesome Oscillator underlined the momentum in the market, the Chaikin Money Flow was holding steady under 0.20, a sign of capital inflows being greater than capital outflows.
VeChain’s development of a blockchain-based medical solution was recently adopted by a service provider based in Cyprus.
The post Ethereum, Cosmos, VeChain Price Analysis: 05 December appeared first on AMBCrypto.
]]>https://eng.ambcrypto.com/?p=75525Sat, 05 Dec 20 15:22:37 +0000Litecoin long-term Price Analysis: 05 DecemberAltcoins,News,Social,Trading View,Analysishttps://eng.ambcrypto.com/litecoin-long-term-price-analysis-05-december
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice
The cryptocurrency market has not lost ground and many altcoins like, Bitcoin have been holding on to a higher value than a month back. Litecoin, the digital silver has also noted a significant rise in its value and was currently trading at $82.49. The price has been noting an upward push, but it could not be seen as a lasting trend in the long-term market.
Traders, be ready with your short positions.
Litecoin 4-hour chart
Source: LTC/USD on TradingView
According to the above chart, Litecoin’s price broke out of a descending channel and started to surge. Although the price was recovering from the fall noted within a descending channel, the price was prime to witness a fall given that the evident trend was a bearish one. It has been approaching resistance at $85 but has not been able to reach it yet.
Reasoning
The Relative Strength Index had indicated intense selling pressure in the Litecoin market as the value slipped. However, with the rising value, the coin has been moving towards the equilibrium zone, meaning the buying and the selling pressures were moving to become equal. However, given the evident pressure of selling, this journey towards equilibrium has been tough.
Similarly, the MACD indicator was also noting the momentum being low and leaning towards the sellers.
Position
Entry: $82.10
Stop-Loss: $84.80
Take-Profit: $76.63
Risk-to-Reward: 2.02
Conclusion
Given the current bearishness in the Litecoin market, the coin has been noting a constant push and pull from the traders. However, the bearish could cause the price from witnessing a fall in the long-term, and traders can make a profit at $76.63. This trend could also witness a reversal, but it may not last for a long time.
The post Litecoin long-term Price Analysis: 05 December appeared first on AMBCrypto.
]]>https://eng.ambcrypto.com/?p=75408Sat, 05 Dec 20 10:46:28 +0000Bitcoin SV, NEM, Compound Price Analysis: 05 DecemberAltcoins,News,Social,Trading View,Analysis,Hide Cryptopanichttps://eng.ambcrypto.com/bitcoin-sv-nem-compound-price-analysis-05-december
Bitcoin Dominance rose toward 64.3% after posting another higher low at 62.44% for the past week and stood at 63.66% at the time of writing. Bitcoin is currently being traded at $19072 with a 24-hour trading volume of $19.6 billion.
Source: CoinStats
Some altcoins showed a bullish breakout, such as Bitcoin SV and NEM. Compound appeared to show buyer dominance, after posting a steady decline in buying volume in recent weeks.
Bitcoin SV [BSV]
Source: BSV/USDT on TradingView
Bitcoin SV formed a symmetrical triangle after posting a local high at $215. Trading volume also decreased while the price was within the pattern.
The price broke out on good trading volume and climbed past resistance at $183, but was subsequently pushed down. However, BSV bulls may not be done yet.
The RSI showed bullish momentum with a reading of 59. It crossed above the neutral 50 line and despite the dip to $178, has not dropped back to 50. This showed a short-term uptrend was in progress.
NEM [XEM]
Source: XEM/USD on TradingView
XEM formed a symmetrical triangle with decreasing trading volume and broke out to the upside, confirming the continuation pattern.
Since the breakout from near $0.18, the MACD showed gathering momentum that saw the price soar to close a trading session at $0.265, representing gains of nearly 50%.
The price could be due for a pullback after the recent, strong gains and the MACD line was a distance away from the signal line and could correct lower in the coming hours.
Compound [COMP]
Source: COMP/USDT on TradingView
A couple of weeks ago, the OBV showed a series of lower highs, while the price made higher highs. This bearish divergence eventually manifested itself with a COMP correction back toward $100.
The price was unable to climb back above $110 for a few more days, till early December saw a huge spike in buying volume for COMP, along with a surge from $106 to touch $140 in the span of a couple of days.
COMP saw a pullback to previous level of support at $125. The Stochastic RSI was correcting itself and would soon be in overbought region, and the OBV was climbing. This indicated that COMP was likely to test $140 resistance once more.
The post Bitcoin SV, NEM, Compound Price Analysis: 05 December appeared first on AMBCrypto.
]]>https://eng.ambcrypto.com/?p=75448Sat, 05 Dec 20 11:42:55 +0000Bitcoin is yet to reach a top, here’s whyBitcoin,News,Social,Trading Viewhttps://eng.ambcrypto.com/bitcoin-is-yet-to-reach-a-top-heres-why
Bitcoin’s price began to climb up the price ladder in November and has now been holding on to a good price level. The current price of the digital asset was $19,107, with the traders’ constant push and pull. However, with the rising price the long-term holders in the market have also begun to realize their profits.
The Average Spent Output Lifespan [ASOL] metric, noted the movement of the older coin as the BTC price increased. It highlighted the average age of the coins being transacted and a higher value denoted the older coins were being moved. It may signify the long-term holders realizing profits.
Source: Glassnode
Currently, the ASOL value has been at a high level as indicated by the chart above.
Along with the movement of older coins in the hands of long-term holders, the long-term holder supply profit has been decreasing. Even though the price rise has pushed the total amount of profit, the number of coins in profit has not seen a significant rise. This meant that most long-term holders bought their BTC under $10k and have been holding throughout most of the recent bull run.
A report from glassnode noted:
“…the increase in ASOL in late November suggests that some long-term holders stopped hodling and started realizing profits around this time.”
Source: Glassnode
Even though this could be alarming news, but it was not a bearish signal.
Long-term Holders have historically realized profits before and during bull runs. Due to this the total supply held by long-term holders notably decreased before the market tops along with the LTH supply in profit. This trend can be visible in the chart under.
Source: Glassnode
As the LTH realize profits they allow new retail investors to enter the market and this has been a factor in driving BTC’s largest bull markets. This could mean a top is yet to be reached.
The post Bitcoin is yet to reach a top, here’s why appeared first on AMBCrypto.
]]>https://eng.ambcrypto.com/?p=75428Sat, 05 Dec 20 10:54:12 +0000XRP short-term Price Analysis: 05 DecemberXRP,Altcoins,News,Social,Trading View,Analysishttps://eng.ambcrypto.com/xrp-short-term-price-analysis-5-december
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice
The XRP market has once again been moving higher up the price ladder and given the momentum witnessed in the Bitcoin market, the price could witness a boost. At press time, the XRP price has been trying to move past the resistance at $0.5944 and was trading at a value of $0.5922.
XRP one-hour chart
Source: XRP/USD on TradingView
The above chart noted the falling price of the digital asset as it was not able to surpass the resistance at $0.6410, and began its descent. The coin dropped till the support at $0.5431, after which it began to once again rise. At press time, as the Bitcoin price was also noted a surge, the XRP market could replicate its gains, thus, providing an opportunity for a long position.
Reasoning
The bullish momentum in the Bitcoin market combined with the bullishness in the XRP market could cause the price to surge. The Bollinger Bands have indicated reduced volatility, with the signal line ducking under the price bars noticing an upwards movement of the coin.
This momentum was also affirmed by the Relative Strength Index. The RSI was spiking higher and moving towards the overbought zone as the buyers in the market increase. However, this also meant that there could be a selling pressure followed in the market as the digital asset moved away from equilibrium.
Position
Entry: $0.5944
Stop-Loss: $0.5746
Take-Profit: $0.6293
Risk-to-Reward: 1.76
Conclusion
Given the volatile nature of the cryptocurrency market, the current bullishness of the digital asset can be soon challenged by the bears. However, in the meantime, a long position may provide the traders with some gains as the asset value reached $0.6293. Selling pressure may follow in the XRP market, as the coin was seeing more of the buying pressure and may need to move towards a stable territory.
The post XRP short-term Price Analysis: 05 December appeared first on AMBCrypto.
]]>https://eng.ambcrypto.com/?p=75360Sat, 05 Dec 20 07:26:05 +0000What are the world™s best Bitcoin investors saying behind closed doors?Bitcoin,Altcoins,Adoption,News,Social,Trading View,BTC Trading Viewhttps://eng.ambcrypto.com/what-are-the-worlds-best-bitcoin-investors-saying-behind-closed-doors
Bitcoin™s rapid institutionalization has raised many eyebrows, around the world. In addition to this, it has also raised the interest and investment of institutional investors, family offices, and HODL waves from retail. In the latest episode of the Pomp Podcast, Raoul Pal takes us to conversations that happened behind closed doors between Macro guys from the 90s. The barrier to entry in Bitcoin was relatively low back before the historic bull run of 2017 and that changed the landscape of cryptocurrencies and the world economy as we know it.
The prime mover of Bitcoin™s price chart, its volatility has led to this rapid spike in Bitcoin market capitalization. Raoul being a Technical Analyst, owing to the fact that more than volatility, chart patterns like the triangular wedge pattern on the Bitcoin chart led him to invest over 50% of his liquid cash in Bitcoin. The propensity for higher ROI took him all the way and this was before the price rally started. Unlike maximalists or Bitcoin proponents, traders and investors who identify themselves as macro guys took big risks on Bitcoin with their liquid cash.
Behind the doors, almost everybody has a personal allocation in Bitcoin. Dan Moorehead, Novogratz, and everyone else included. An entire generation of macro investors that grew up together went from one trade to the next, increasing exposure to Bitcoin, irrespective of the position it was in, during its market cycles. These investors bought Bitcoin at $8000 and they bought it at its previous ATH. The big macro players identified Bitcoin as a tremendous influence on a huge amount of capital.
At a time when most Hedge Fund managers suffered from the vice of low volatility that did more harm than good to their portfolio performance, turned to Bitcoin for its high volatility and higher ROI. œA parallel universe” of Bitcoin existed for those in Macro and the great speculators. This explains the rapid institutionalization and the growing market cap, network momentum, and volatility in Bitcoin. The Grayscale Bitcoin Trust with it™s Bitcoin Trust Fund that mirrors Bitcoin™s performance is one such institutional player, leading the way with systematic Bitcoin purchases every week.
Grayscale™s Bitcoin Positions || Source: Twitter
The accumulation above $18k has continued and this metric has driven the demand for Bitcoin consistently since the price crossed $10000 in July 2020. The pre-Bullrun and the ongoing price rally has led to more conversations and subsequent dialogue on further integration of Bitcoin in the world economy. Closed-door conversations are clear to retail traders since there is little sign of FUD this time around. The market cycle may possibly skip a phase if Bitcoin closes above $20000 in 2020.
The post What are the world™s best Bitcoin investors saying behind closed doors? appeared first on AMBCrypto.
]]>https://eng.ambcrypto.com/?p=75480Sat, 05 Dec 20 12:44:31 +0000Chainlink, Algorand, Dogecoin Price Analysis: 05 DecemberAltcoins,Adoption,News,Social,Trading View,Analysis,Hide Cryptopanichttps://eng.ambcrypto.com/chainlink-algorand-dogecoin-price-analysis-05-december
After hitting its latest ATH on the price charts, Bitcoin has fallen. However, optimism remains high, especially since at the time of writing, BTC was still trading at a level right above $19,000. With the world’s largest cryptocurrency consolidating on the charts, many of the market’s altcoins have chosen differing price trajectories. The likes of Chainlink, Algorand, and Dogecoin are evidence of the same.
Chainlink [LINK]
Source: LINK/USD on TradingView
The seventh-largest cryptocurrency at press time, Chainlink seemed to replicate much of Bitcoin’s movement over the past week. This was interesting, especially since much has been said about the low correlation shared by LINK and Bitcoin. Over the past 7 days, however, this correlation came to the fore as when BTC climbed to $19.8k, so too did LINK.
Interestingly, while BTC chose to consolidate its position post-corrections, LINK fell. In fact, on the back of a hike worth 13%, the crypto fell by over 11% on the charts.
This ambivalence was highlighted by LINK’s technical indicators as while the Parabolic SAR’s dotted markers were well above the price candles and implied bearishness, the Chaikin Money Flow was holding steady above zero.
Chainlink was in the news recently after it announced support for ‘in-demand’ Ethereum infrastructure development.
Algorand [ALGO]
Source: ALGO/USD on TradingView
For most of the last three months, ALGO’s price movement on the charts can be best described as sideways. However, come mid-November, ALGO hiked, thanks to Bitcoin’s attempt to climb to a new ATH. ALGO was one of the many cryptos to reciprocate, and while corrections soon ensued, the cryptocurrency was still trading at a level well above the one seen a week ago.
At the time of writing, ALGO had recorded gains of almost 14% in a week’s time.
The same was highlighted by the cryptocurrency’s indicators as while the Bollinger Bands expanded briefly to make way for incoming volatility, the Awesome Oscillator noted an uptick in market momentum.
It should also be noted that ALGO’s latest uptick coincided with Algorand’s partnership with ClimateTrade.
Dogecoin [DOGE]
Source: DOGE/USD on TradingView
Dogecoin, the market’s most-popular meme-coin, despite its joke status, holds a lofty position on CoinMarketCap’s charts. However, for months previously, DOGE saw weeks and weeks of only sideways movement. This changed somewhat over the past week as DOGE climbed on the back of Bitcoin’s price surge. While DOGE followed BTC’s lead and embraced corrections soon after, the crypto was still trading at a higher level.
Interestingly, thanks to the latest uptick in price, DOGE was briefly trading at the same levels it was trading at when it registered a 120% hike in 3 days back in July.
While the MACD line had crept below the Signal line at press time following a bearish crossover on the charts, the Relative Strength Index was holding steady between the oversold and overbought zones.
The post Chainlink, Algorand, Dogecoin Price Analysis: 05 December appeared first on AMBCrypto.
]]>https://eng.ambcrypto.com/?p=74006Sat, 05 Dec 20 07:44:19 +0000Evolving Bitcoin cycles & what to expect from the new bull run?Bitcoin,Adoption,News,Social,Trading Viewhttps://eng.ambcrypto.com/evolving-bitcoin-cycles-what-to-expect-from-the-new-bull-run
Bitcoin has been evolving and so have the narratives around it. Most people view it as a currency, a store of value, peer-to-peer cash, etc. However, these are the narratives that have prevailed. Other narratives included e-cash proof-of-concept, darknet currency, programmable shared database, etc.
It is clear that the narratives around bitcoin have been changing, so why care now? Because bitcoin is at an inflection point in its lifespan; an event as important as when mammals switched from quadrupedal to bipedal.
The aim of this article is to give the reader a new perspective on bitcoin cycles and better prepare users for the next bull run.
Bitcoin cycles
The most popular idea is that bitcoin follows a 4-year cycle which isn’t wrong per se due to the halving events. While this may have been true for the two halvings, it isn’t for the latest halving.
Each cycle consists of a boom and a bust; a bull or a bear cycle. We haven’t seen a proper bull run for about 3 years now, except until recently. Hence, as explained, bitcoin’s cycles are lengthening.
With each cycle, the ROI is also decreasing. This makes sense, as the magnitude of bitcoin’s worth has increased, the ROI should naturally decrease for it to be sustainable.
The first cycle yielded an ROI of 50,000%, the second 49,000%, and 11,500% for the third cycle. The fourth cycle is projected to yield approximately 3700% – roughly four times less than the previous cycle’s.
However, the price has already hit the 5-digit range in just 3 cycles. So going forward, we can expect this ROI to reduce even drastically [especially in the fifth cycle]. So, the 4th cycle is what puts bitcoin on an even global level than it already is; at least in terms of a store of value adoption.
While it might seem impossible, institutional money has just barely begun to flow into the market and we came close to surpassing the previous ATH. As mentioned in an earlier article,
“..there are 35,000 publicly-traded companies carrying a total of $5 trillion in spare cash getting negative real returns due to the pandemic. Twitter’s CashApp alone has about $10 billion in spare cash lying around. So, even if 1%-2% of this capital [$5 trillion] flows into Bitcoin, this would easily push its market cap to $2 trillion and beyond.”
So, it is important to understand how the next cycle will evolve and take steps to better prepare for the next bull run.
Let’s take a look at bitcoin cycles since its inception.
The above chart shows bitcoin has had 3 cycles so far, with the 3rd one ending in December 2018 when bitcoin bottomed at $3,122. Cycle 4’s projected length is said to be about 1760 days, considering the elapsed 760 days, there are still 1000 days until the next cycle ends.
To be precise, we have about 600 days till we hit a peak in cycle 4, which is projected at $118,000.
However, if we take a closer look at the chart, we can see a small (failed) rally in 2019. This rally could have been due to
The left-over euphoria from 2017 relapsed in 2019.
Since 2017 was a huge milestone for bitcoin it could be residual investors pouring into bitcoin not realizing the bull cycle was but over.
Either way, we saw something new with bitcoin. It wasn’t a bull cycle, it wasn’t a bear cycle.
To further understand the cycles, let’s break it down into pre-bull run [PBR] and bull run [BR]. For the purpose of this discussion, let’s classify the above chart into PBR and BR.
A pre-bull run is when the price consolidates into higher highs and small corrections in preparation for a bull run. A bull run is when the price surges exponentially in a matter of a few days/weeks.
Although the bull run seems to have begun and the price of bitcoin high, considering, the peak of $118,000, it is still too early. Hence, investing in PBR phase or early BR phase is the best way to go about a bitcoin investment, especially, if one has failed to invest in a bear market.
From the above table, we can expect bitcoin to surge 981% from $10,000 to hit $118,000.
While this is a long term scenario, taking a closer look at the cycles and the data suggests that there could be an intermediate peak to bitcoin’s new bull run. This interim peak will be much higher than its previous ATH of (~$20,000) but less than $118,000.
From the above, we can approximate [$40,200] the next intermediate peak before bitcoin hits its new ATH at $118,000.
A new narrative emerges
The new narrative isn’t new per se, it is quite similar to the one seen in cycle 2. Considering bitcoin’s leap to a six-digit value, we can expect bitcoin to rest along the way. Hence, extrapolating data from the 2nd cycle, we can say that the interim peak will be at $40,200.
So, a medium-term investment plan would have a target of an easy 100% surge in returns from bitcoin’s ATH.
Hence, with this interim peak of $40,200 for bitcoin, we can now look at cycle 4 from a new perspective. We can consider cycle 4 as the bull run from $10,000 to $40,200, which will be followed by another PBR and a BR to $118,000. All of this still has approximately 700 days to unfold.
A new narrative or rinse and repeat?
Regardless of what one might call it, bitcoin is heading to $118,000 with $40,200 as its pit stop. We can either choose to consider this as two cycles or consider it as a single cycle 4. What’s important is bitcoin’s price during the peak of the next bull run will hit $118,000 will put its market cap in the range of ~$2 trillion, which is the current valuation of Apple.
So, if you are wondering about dollar cost averaging and accumulating more bitcoin, this is the right time.
If you are also wondering how much bitcoin you need to own to stay a millionaire, check this article.
For more details on dollar-cost averaging, refer to this article.
The post Evolving Bitcoin cycles & what to expect from the new bull run? appeared first on AMBCrypto.
]]>https://eng.ambcrypto.com/?p=75433Sat, 05 Dec 20 12:23:05 +0000Tron, Steem, Maker Price Analysis: 05 DecemberAltcoins,News,Social,Trading View,Analysis,Hide Cryptopanichttps://eng.ambcrypto.com/tron-steem-maker-price-analysis-05-december
The Crypto Fear and Greed Index showed extreme greed with a reading of 93 for the day and has stayed above 80 since early November. MicroStrategy purchased another $50 million worth of BTC averaged to $19,474 per coin, while Grayscale added another $140 million to its Bitcoin holdings in the past 24 hours. Tron had bearish momentum behind it but stood resiliently at the $0.03 level of support. Steem did not show significant buying or selling volume in recent hours and was in a short-term downtrend, while Maker saw significant volatility in recent days.
Tron [TRX]
Source: TRX/USDT on TradingView
TRX formed a symmetrical triangle (orange), and a smaller falling wedge (white) within the larger pattern. The price also refused to drop beneath the $0.03 region, with a dip to $0.0295 being bought up in recent sessions.
The MACD formed a bearish crossover and dropped beneath the zero line, to reflect the series of lower highs the price set over the past few days.
A close below the triangle would not rule out an upward breakout, as an upward breakout sometimes sees a fakeout to the downside on stop-loss hunts. $0.028 has been a pocket of liquidity, and the loss of this region would reinforce bearish pressure.
On the other hand, a dip to $0.029 before a surge past $0.03 can be expected for TRX in the coming days.
In other news, Ampleforth Foundation announced that AMPL expanded beyond the Ethereum network by integrating with three new blockchains, namely Tron, Acala, and NEAR.
Steem [STEEM]
Source: STEEM/USDT on TradingView
On the 1-hour charts, the OBV has basically flatlined except for a spike upward followed by a sharper drop. The trading volume has been minimal.
The price steadily declined after it failed to rise past $0.2 resistance on the 2nd of December. The RSI has dropped into bearish territory. In recent hours, it recovered to test the neutral 50 line, but was likely to be rejected and the price to continue to descend toward $0.17 level of support.
The longer-term outlook was bullish, with the 20-day moving average moving just above the $0.17 level to serve as support
Maker [MKR]
Source: MKR/USDT on TradingView
Maker has been quite volatile on the shorter timeframes. Using D1 to screen the noise, we find that the crypto asset is still trading within the range between $500 and $600, a range it has been within since late September.
The Awesome Oscillator also agreed and showed no significant momentum to either direction, affirming the oscillatory movement of MKR.
The past couple of days saw the price rise from $528 to $595 and drop to $522. Hence, the region at $500-$520 can be regarded as a region of demand, and $595-$610 a region of supply to execute long and short trades.
The post Tron, Steem, Maker Price Analysis: 05 December appeared first on AMBCrypto.
]]>https://eng.ambcrypto.com/?p=75510Sat, 05 Dec 20 14:03:04 +0000Ripple based MoneyTap onboards Ogaki Kyoritsu BankAdoption,News,Ripple,Social,Trading Viewhttps://eng.ambcrypto.com/ripple-based-moneytap-onboards-ogaki-kyoritsu-bank
SBI Holdings announced on Saturday Ogaki Kyoritsu Bank’s decision to connect to its next-generation financial infrastructure, MoneyTap. The Bank has been working towards its users’ convenience and has opened 24-hour stores, drive-through stores, and even mobile stores took the decision to allow user-oriented transactions.
SBI Holdings noted that the connection was a “multi-factor authentication of “ID/password (memory authentication) + SMS authentication to registered mobile terminals (possession authentication)” at the start of account linkage” and offered sufficient security. MoneyTap will allow the users of the bank to transfer money between individuals and will connect its system infrastructure to domestic and overseas financial institutions.
MoneyTap, a consumer-focused blockchain money transfer app was built by SBI Holdings and Ripple, as a joint effort of the SBI Ripple Asia partnership. It was the most known contribution of the collaborating parties and made it possible for customers to transfer money with a phone number or a QR code. The service which also relies upon Ripple™s blockchain tech was launched by the Japan Bank consortium in October 2018 to facilitate instantaneous payments. With its aim to sign up 61 banks as part of this consortium.
Although there have been some hurdles signing up banks to MoneyTap, Ripple and SBI have not lost hope, but have been marching towards the goal. Ripple Labs Inc. also announced an investment in MoneyTap in October. Even though the nature of the investment was not made public, it will help MoneyTap in developing new functions and services.
According to the announcement, it will include a small-amount collection service and corporate payment function, a community currency, an overseas remittance service, inbound and outbound remittance services, and a supply chain finance function, aiming to increase customer satisfaction through greater convenience.
The post Ripple based MoneyTap onboards Ogaki Kyoritsu Bank appeared first on AMBCrypto.
]]>https://ambcrypto.com/?p=130785Fri, 09 Oct 20 12:45:48 +0000A live demonstration of what tokenization means for digital financePress Release,HideCryptopanichttps://ambcrypto.com/a-live-demonstration-of-what-tokenization-means-for-digital-finance
There is a lot of talk and excitement about how blockchain tokenization can change the way digital transactions happen. However, so far, there is very little that any interested party can tangibly see for themselves…
…until now. This Friday (October 9th) you can see a live demonstration of what Tokenized Founder and CEO James Belding for a live demonstration – and sneak preview “ of, Tokenized; a platform for implementing tokens, smart contracts, and more on the blockchain.
https://bitcoinassociation.clickmeeting.com/tokenized-live-demo
James Belding is an engineer, entrepreneur, and ardent supporter of Satoshi Nakamoto’s original vision for Bitcoin. He is the creator of the Tokenized Protocol, an open-source token and smart contract system for the Bitcoin SV network. He is committed to building universal and easy-to-use tools that help make Bitcoin’s value accessible to society at large.
The Tokenized Protocol is an open-source application layer protocol that utilizes the Bitcoin SV network for passing and storing messages. The protocol focuses on data (aka records) captured from financial, legal, commercial, and accounting activities for all types of legal entities and ownership structures. It aims to replace current financial messaging (eg. bank to bank (SWIFT), security exchanges (FIX), and fiat payment systems (credit cards, e-money, etc.), as well as other EDI standards like X12, etc. However, it also provides the framework for issuing any kind of token for any type of use case.
The protocol utilizes smart contracts, tokens, registers, and messages as the building blocks to provide users and issuers with all of the tools required to manage their financial and legal lives in a more secure, private, and low-cost way – while at the same time providing streamlined user experience.
Disclaimer: This is a paid post and should not be considered as news/advice.
The post A live demonstration of what tokenization means for digital finance appeared first on AMBCrypto.
]]>https://ambcrypto.com/?p=130778Fri, 18 Sep 20 16:30:30 +0000What if the dollar drops to œ3 rubles”? Where and how can Belarusians invest?Guest Post,HideCryptopanichttps://ambcrypto.com/what-if-the-dollar-drops-to-3-rubles-where-and-how-can-belarusians-invest
On August 9, 2020, the presidential elections were held in Belarus. They led to massive protests, numerous detentions, and economic losses. While the Belarusians are fighting at rallies, the exchange rate of their ruble is slowly and surely going down, as in a month it has lost 15% of its value.
There is a rumor circulating across the country that deposits in state banks may be frozen. In this regard, many exchangers may well run out of foreign currency and Belarusians will buy up dollars en masse even at an overvalued rate, and as such, the queues to ATMs will stretch out for several kilometers.
Just as the Belarusians are fighting for change, they should be fighting for the safety of their funds. One of the best options for them right now is to invest in digital currencies. This article is a guide for Belarusians on how to buy cryptocurrencies profitably and quickly.
How to protect one™s savings
Why is it profitable for Belarusians to œenter the cryptocurrency market” right now? First of all, the market is fully legalized in Belarus. Secondly, Bitcoin and other coins have entered a stage of active growth, so those who invest in cryptocurrencies right now can get a good profit by the end of the year. Thirdly, cryptocurrencies cannot be frozen or confiscated, unlike deposits in state banks.
For example, there was talk about the freezing of deposits in Belarusian banks back in 2011. In 2014, those rumors resurfaced against the backdrop of the fall of the ruble, but the chairman of the board of the National Bank assured his Belarusian compatriots that there were no prerequisites for the freezing of deposits. It is difficult to predict what will happen to the deposits now due to the unstable situation in the country. Therefore, it makes sense for Belarusians to keep their savings in cryptocurrencies and even receive passive income, the percentage of which is higher than that of the deposits of any of the Belarusian banks. More on this below.
Despite the fact that Belarus is considered to be an important hub for blockchain businesses, the overwhelming majority of citizens of the country have neither crypto wallets nor experience with exchanges and exchangers. So, how is it easier and faster for Belarusian citizens to buy cryptocurrencies?
There are several ways of buying Bitcoin and other cryptocurrencies using a bank card. They differ in the degree of complexity and reliability, but an optimal method cannot be singled out, as the choice depends on the preferences of each specific user.
Method 1: Buy through an online exchanger
Commission: 2-5%
There are hundreds of crypto exchangers on the market, and most are registered in Russia, although there are also Estonian ones. Exchangers vary greatly in their level of œofficiality”, as some are licensed and require verification, while others are completely anonymous.
Working with an exchanger is always a risk because the user™s funds are not insured. But if one does not want to go through identity verification, then the exchanger is the only option.
What should be done:
1) Register a separate crypto wallet. There are many good, easy-to-use wallets out there, like RD, Mycelium, and Exodus. When creating a wallet, the user will receive a secret key, which usually consists of a 12-14 word phrase. Users should be sure to save or write it down in a safe place. If they lose access to the device, the wallet can only be restored using the secret key. Also, users should copy the wallet address to enter it in the exchanger.
2) Go to the BestChange aggregator site “ there are hundreds of exchangers on it.
3) Select a payment method in the left column. Click on the arrow at the bottom of the column to expand the full list. It has, in particular, Belarusbank, Visa / MasterCard BYN, as well as ERIP.
4) Select the desired cryptocurrency in the right column. A list of exchangers that support this operation will be displayed.
Source: GetETH
5) Visit several exchange sites and compare their conditions and requirements. Exchangers with the best rates on BestChange sometimes charge hidden fees. Some work around the clock, others only from 9 to 18. Some send cryptocurrencies almost immediately, others take several hours to process the operation.
6) If one finds a suitable exchanger, then they should follow the instructions for sending the funds. Users should also make sure that they have copied their wallet address correctly. The transfer of the funds can take several hours.
Method 2: Buy using a bank card through the exchange
Commission: 0% -3%
This is perhaps the safest way because acquirers only work with trusted exchanges. That is, users can at least be sure that the funds will not be lost and they will actually receive the Bitcoins they purchased.
Another advantage is that there is no need to start a separate crypto wallet before purchasing. The exchange automatically assigns a wallet number to the user where the coins will be transferred to.
On the other hand, official exchanges have a verification system. This is partly a requirement of acquirers, partly a way to prevent money laundering and other illegal activity on the exchange.
The size of the commission when buying crypto on the exchange using a bank card depends primarily on the terms of the agreement between the acquirer and the exchange. The average market commission is 2.5%, although, for example, on Waves.Exchange users can buy Bitcoins with a commission of 0.5% thanks to the integration with the AdvCash payment system.
When buying a digital dollar USDN, no commission is charged at all, as coins can be obtained at the rate of 1 USDN = 1 USD. The USDN digital dollar is interesting in that it supports staking “ a certain kind of deposits in cryptocurrencies. The income from staking is 12-15% per year, which is a good alternative to bank deposits, especially in times of crisis, when banks may at any time stop returning deposits and go bankrupt. USDN can be easily withdrawn back to the bank card, having previously been exchanged for Bitcoin or any of the other popular cryptocurrencies (ETH, USDT, LTC, etc.).
What should be done:
1) Register an account. Sometimes identity verification (KYC) is needed at this stage. Users will need to upload a photo of their passport and a selfie with it. Registration on Waves. Exchange will only take a couple of minutes because it takes place without verification.
2) Make a purchase using the card. If the exchange does not directly accept Belarusian rubles, then a conversion will be made, for example into dollars. The cryptocurrency will be sent to the wallet in the exchange in a few minutes or even instantly.
Source: GetETH
3) Although exchanges are generally quite reliable, it is not recommended to store large amounts of cryptocurrency in an exchange wallet. If one does not plan to trade cryptocurrencies or invest in staking in the coming months, they should create a separate crypto wallet and transfer the coins to it (see œMethod 1”).
Method 3: via LocalBitcoins
Commission: 2-5%
LocalBitcoins is a legendary P2P cryptocurrency exchange service. This is a kind of AirBnB for Bitcoin: buyers and sellers publish bids. Everyone there sets the exchange rate and conditions that are convenient for them.
LocalBitcoins has grown from a semi-clandestine and anonymous service into a serious legal company. Recently, identity verification is required on the platform.
The platform acts as a guarantor that the seller will receive payment only after the cryptocurrency arrives onto their wallet.
What should be done:
1) Register a crypto wallet as described in Method 1.
2) Register at LocalBitcoins. To do this, users need to indicate their email address, full name, country of residence and phone number. Users will automatically receive a T0 verification level, which does not allow them to make an exchange.
3) Pass verification at the T1 level: it will allow users to make transactions worth up to 20,000 euros per year. To do this, users will need to provide the address of their residence and upload a scan or photo of their passport.
4) On the https://localBitcoins.com/ru/buy_Bitcoins page, users should select Belarus in the list of countries and BYN in the list of currencies. All the available offers with exchange rates and short terms will then be displayed.
Source: GetETH
5) Open several offers and study the conditions. For example, some sellers offer an exchange in person, while others ask for a photo of the card for confirmation. There is often a minimum and maximum limit on the size of the transaction (for example, 1,000 Belarusian rubles).
6) If one finds a suitable offer, they should follow the instructions of the seller.
What is the best way to buy crypto?
If the goal is to buy crypto with a minimum commission, then the best options are LocalBitcoins and Waves.Exchange (0% when buying USDN and 0.5% in the case of BTC). When buying on LocalBitcoins, users should choose a highly rated seller, even if their rate is far from the best. In both cases, users will have to go through verification.
If, for some reason, a user is not ready to provide personal information, then they will have to buy crypto through an exchanger. Again, they should pay attention to reviews on BestChange and choose a major exchanger (i.e. with a large cryptocurrency reserve).
Exchanges that cooperate with payment systems and banks are suitable for those who are primarily concerned about security. However, users should pay attention to the card commission, as it sometimes exceeds 3%.
Bitcoin enthusiasts often say that you are œyour own bank” with cryptocurrencies. No one is able to freeze the funds on a crypto wallet, and users can transfer them to any other address in the world in a few minutes. At the same time, the profitability of cryptocurrencies is much higher than the interest rate on bank deposits.
If you have never bought Bitcoin, then it may seem that it is too difficult. However, in the current situation, it is worth considering that perhaps it is really time to become œyour own bank”.
Disclaimer: This is a paid post and should not be considered as news/advice.
The post What if the dollar drops to œ3 rubles”? Where and how can Belarusians invest? appeared first on AMBCrypto.
]]>https://ambcrypto.com/?p=130774Wed, 16 Sep 20 13:13:59 +0000Bittrex Global Announces Listing Of DucatoPress Release,HideCryptopanic,No Indexhttps://ambcrypto.com/bittrex-global-announces-listing-of-ducato
Major cryptocurrency exchange Bittrex Global has announced the listing of DUCATO token, the native utility token that powers Ducato DeFi protocol, an innovative platform that aims to revolutionize the decentralized financial product by launching a platform dubbed DeFi 2.0.
Developed on the Ethereum blockchain, Ducato will be taking the crypto space by storm as the protocol introduces an innovative DeFi platform with a pluggable hybrid CeFi network that taps liquidity from the traditional financial market. As DeFi booms, Ducato proposes to reshape and pivot the DeFi ecosystem by solving most of the challenges that have plagued the protocol.
Bittrex wallet for the deposit of DUCATO tokens will open on Tuesday, September 15, 2020. Users will be able to deposit their DUCATO token ahead of trading which will commence on September 16.
This is an important milestone for Ducato as the project looks to take the DeFi space by storm with its innovative DeFi 2.0 protocol that bridges the gap between the decentralized and centralized lending market.
Learn About Ducato DeFi 2.0 Protocol
Ducato protocol is a state-of-the-art solution that aims to solve most of the challenges that have rocked the existing DeFi protocol, ranging from lack of liquidity, and slow settlement time due to over-reliance on the Ethereum network. Ducato provides a hybrid DeFi and CeFi platform that allows users to dip into the traditional market, gaining access to deep liquidity.
Consequently, Ducato serves the ever-growing population in the traditional lending space, by bringing DeFi solutions to them, providing them with a wide range of assets that can be used as collateral. By reaching a partnership with Delio, Ducato will be able to tap into deep liquidity in the centralized market.
The protocol allows borrowers to use traditional assets like gold, real estate, and other hard assets as collateral, creating a robust playing ground for traditional lenders and borrowers to get involved in secured, decentralized lending space powered by blockchain technology. Ducato™s protocol provides a win-win scenario for both decentralized and centralized finance, bringing them together in a seamless manner.
About Delio (Ducato™s Family Company)
Delio Group is a Korean-based company, a global CeFi lending service provider who will be providing Ducato’s platform with liquidity. Delio is the leading provider of CeFi lending services through the Bithumb exchange and other rental services.
The Korean CeFi provider features a digital asset loan with the Bithumb exchange wallet while member’s digital asset collateral remains on the exchange, not necessarily transferring them to Delio, a rental agency. Additionally, members could interact with both platforms without having to complete KYC separately on both platforms.
Ducato DeFi 2.0 protocol is made possible through a partnership with Delio, a global liquidity provider. Delio continues to expand its reach through several partnerships by launching Delio Cloud, a platform where exchanges, wallets, protocols, and platforms can easily build digital asset DPI services.
These developments have enabled Delio to attract Series A investments from Ernest Ventures and Kingco Investment Partners in March in recognition of its growth potential and are expanding its base through strategic partnerships with leading exchanges and global blockchain companies.
About Bittrex Global Exchange
Bittrex Global is a popular cryptocurrency exchange founded in 2013. Bittrex is one of the most established cryptocurrency spot exchanges in the world and provides support for over 190 cryptocurrencies. The user-friendly exchange is built based on data security and the client™s trust. Aside from the web-based platform, the trading platform is also available on both iOS and Android.
Bittrex has continued to expand its reach by listing selected, innovative projects that passed its strict listing rules and meet the required regulatory compliance. Bittrex has continued to showcase itself in the international scene, In September 2019, the Blockchain Transparency Network (BTI) nominated Bittrex Global as one of blockchain™s most transparent exchanges.
As a top global exchange, Ducato is privileged to be numbered among the cryptocurrency assets supported by the Bittrex exchange.
Media And Other Important Links
Website: http://DUCATO.io/
Telegram channel: https://t.me/DUCATO_Channel
Facebook: https://www.facebook.com/DeFi.DUCATO/
Twitter: https://twitter.com/DUCATO_DeFi
LinkedIn: https://www.linkedin.com/company/DUCATO-defi/
YouTube: https://www.youtube.com/channel/UCB1p7-VVW51vEm02gQbb9vA/
Disclaimer: This is a paid post and should not be considered as news/advice.
The post Bittrex Global Announces Listing Of Ducato appeared first on AMBCrypto.
]]>https://ambcrypto.com/?p=130771Wed, 09 Sep 20 11:56:17 +0000Step-by-step Guide in Learning Bitcoin TradingGuest Post,HideCryptopanichttps://ambcrypto.com/step-by-step-guide-in-learning-bitcoin-trading
Bitcoin poses a serious challenge to traditional currencies as the world’s first cryptocurrency. However, considering its price history, there should be a lot of volatility along its path.
Below are four steps that will help you trade Bitcoin:
Mechanisms to deal Bitcoin
Bitcoin can be dealt with in two ways: buying the Bitcoin itself and hoping to sell it at a profit or theorize on its value without ever owning it. CFDs work in the latter sense. What a CFD does is enable you to deal with a contract that is constructed on the prices in an underlying market. This is a purchased product, which means that you need to initially put down a small deposit and again disclose a much more prominent position. This can appreciate your profits. It should be noted, however, that it has the same effect on your losses.
When trading Bitcoin, do I need to use an exchange?
To take a position on the price of Bitcoin, what you need is an IG trading account. However, when you deal with bitcoins CFDs, you do not interact directly with an exchange. As an alternative, you trade the sell and buy prices sourced from a couple of exchanges on your behalf.
Same as traditional exchanges, Bitcoin exchanges work the same way. This enables investors to purchase the cryptocurrency from or dispose of it to another person. There are some advantages when you cut them out of the picture entirely.
Their service and matching engines are unreliable. This can result in reduced execution precision or shelving of markets.
They inflict restrictions and fees on the withdrawing and funding from your exchange account, while accounts can take long periods to acquire.
When you trade Bitcoin CFDs, you acquire considerably improved liquidity at the touch price you’ve chosen. When you sell and buy from the exchange directly, you will have to accept multiple prices to finalize your order.
Factors that change the price of Bitcoin
The volatility of Bitcoin makes it an attractive opportunity and dealing with cryptocurrency. Due to the Bitcoin market operating continuously, this can happen at any time of the day. Bitcoin is free from the various political and economic concerns that influence the traditional currency. However, due to its young age, there remains a lot of uncertainty uniquely based on the fact that it’s a cryptocurrency.
Any of these factors can impact its price suddenly and significantly, and for this reason, you need to research and know-how to navigate these risks that may come up.
Bitcoin supply
Even though there are a limited number of bitcoins, the last Bitcoin will be mined in 2140. However, the availability of Bitcoin changes as to how they enter the market. For example, their holders’ activity, dealing with them in Bitcoin slots, also affects this availability.
BTC market cap
The Bitcoin market value is recognized to be both an impactful and opportune because traders will want to jump on a surging opportunity, or not.
Industry adoption
What remains to be seen is the impact Bitcoin will have on the corporate stage as it is yet to be accepted generally by most businesses around the world.
Trading strategies of Bitcoin
Day trading
When you day trade, there is a need to take a position that considers an accidental movement in the short term. It would help if you also closed it out by the end of that specific trading day. This is an effective strategy if you desire to acknowledge opportunities in the short term in the Bitcoin market. This is in light of emerging patterns or developing news.
Scalping
This is when you place intraday traits frequently one small movement in price.
This is a worthy strategy if you desire to place yourself in a position to form continuous but small profits. This is when you do not want to wait for a significant breakdown or break out.
Swing trading
This is when you capture trends the moment they are made and clutch on to that position up to the point the trend shows the signs of a reversal or runs its course.
This is the preferred strategy for you if you decide to take advantage of this chance from market momentum.
Automated trading
It is advisable to automate your processes in trading and react to changing market conditions on your behalf.
This strategy is best used if you consider yourself a passive trader.
The steps to trading Bitcoin
Open an account
You will need an IG trading account if you want to trade CFDs. It is an easy task to do, and you can go ahead and take your first position when you have added funds to your account.
Establish a trading plan
It is always a smart move to establish a trading plan. This works hand in hand with your chosen trading strategy. If you’re new to the market, you need to consider having these two. A trading plan will assist you in making objective decisions regardless of the stakes being high. This mixture that you do not leave trades open for long or close them early.
Do your study
To understand what’s next for the cryptocurrency price, you need to do your research and speed with the latest Bitcoin news. It is essential to do this before you start on your trading journey.
When you are looking up to interpret how Bitcoin behaves, charts are an important tool. Past data is an excellent indicator of how the market is progressing. The comparison of time frames can also provide better insight as to the emerging patterns and trends.
Place a trade
Using a web trading platform, you will be required to place a trade once you have decided on your position.
You need to enter the deal tickets the amount you have decided to stake on your trade.
While you do this, you have an option of defining your clothes conditions: you can set a stop to terminate your position when the market is not in your favor up to a certain amount or a restraint for when it’s move is in your favor. Always check yourself; limits and stops are important to sound risk management.
Note that, if you anticipate Bitcoin to appreciate, you then ‘purchase’ the market. If you believe that it will depreciate, you will ‘sell.’
To finalize your position, you need to place the reverse of your initial trade. This means that if you purchased at first, you’d have to sell the same amount;
If you had sold, you would not need to buy it. You will be required to click sell or buy to finalize your trade as your deal ticket is automatically filled.
References
How to trade Bitcoin: Get to grips with the basics of how to trade bitcoin with our step-by-step guide https://www.ig.com/en/bitcoin-btc/how-to-trade-bitcoin
Cryptocurrency trading: Find out how to get started trading cryptocurrency in this step-by-step guide. By Andrew Munro https://www.finder.com/cryptocurrency/trading.
Disclaimer: This is a paid post.
The post Step-by-step Guide in Learning Bitcoin Trading appeared first on AMBCrypto.
]]>https://ambcrypto.com/?p=130765Tue, 21 Jul 20 12:28:25 +0000Cardano, Stellar, Algorand Price Analysis: 21 JulyNews,Social,HideCryptopanic,Trading View,Altcoins,Analysishttps://ambcrypto.com/cardano-stellar-algorand-price-analysis-21-july
Major altcoins in the digital asset industry are currently having quite a ball over the course of the past week. Prices are entering a period of volatility and assets are following their individual trend in the market. Cardano and Stellar continued to ascend in their respective markets whereas ALGO tokens are facing a minor depreciation at the time of writing.
Cardano [ADA]
Source: ADA/USD on Trading View
After hitting a yearly high of $0.137 on the 8th of July, Cardano has steamed off its rally slightly but over the past 24-hours, ADA was able to gain 1.75 percent in terms of its valuation. With a market cap of $3.19 billion, Cardano had an average trading volume of $214 million in the charts.
Market Indicators suggested a bullish period for the asset as the Chaikin Money Flow or CMF indicator exhibited a higher influx in the capital than outflow.
MACD also registered a bullish hike as the blue line hovered over the red line.
Ryan Selkis, CEO of Messari had recently applauded the efforts and development of Cardano in the space, noting that the staking process is not a dead-end venture.
Algorand [ALGO]
Source: ALGO/USD on Trading View
41st ranked Algorand has not been one of the altcoins who was able to take advantage of the momentum, with the coin steadily dropping in price over the past few months. However, the asset has been able to maintain a high, following a hike on 16th July but remained on a decline over the past 24-hours. A drop of 6.53 was observed as Parabolic SAR dotted lines appeared above the candlesticks, verifying its bearish trend.
With a market cap of $273 million, ALGO had a decent trading volume of $104 million. In spite of healthy credentials, the trading volume was mostly controlled by sellers as Relative Strength Index or RSI remained on a decline. CMF or Chaikin Money Flow also exhibited higher outflows than inflows at the moment.
Stellar [XLM]
Source: XLM/USD on Trading View
Lastly, 15th ranked Stellar was able to join in the bullish bandwagon, hiking by 2 percent on the past 8-hours. However, for XLM the trend continued to be pretty bearish. Relative Strength Index or RSI is mostly undergoing a trend reversal supporting the case of sellers, whereas capital outflows continued to dominate inflows at press time.
The asset had a market cap of $1.9 billion in the charts but it was backed with a poor trading volume of $243 million.
Bollinger Bands also indicated a reduced volatile period as the bands converged in the charts.
The post Cardano, Stellar, Algorand Price Analysis: 21 July appeared first on AMBCrypto.
]]>https://ambcrypto.com/?p=130733Tue, 02 Jun 20 11:15:47 +0000Top 5 Bitcoin Casinos USAPress Release,HideCryptopanichttps://ambcrypto.com/top-5-bitcoin-casinos-usa
Online gambling is taking the gaming industry by storm. According to new research by Report Linker, the online gambling market will reach $95 billion by the end of 2025, with a Compound Annual Growth Rate of 9.98%.
This is a global trend that has been picking up steam since the mid-90s. Sports betting is projected to experience the highest growth during the forecast period, but traditionally, it™s online casinos that have been the driving force of the market.
The rise of the smartphone strapped a rocket onto the backs of these digital platforms and they haven™t looked back since. However, from 2012, bitcoin gambling has proved to be an equally important part of their success. While traditional casinos allow players to bet with only fiat currency, at online casinos, customers can enjoy the many perks digital currencies provide.
Players can also take advantage of the many promotional offers tied-in with their use at some of the bitcoin casinos that accept them. Below are the five best options for US players and abroad.
Top 5 Bitcoin Casinos
El Royale
While this casino is a fresh entrant to the online bitcoin casino scene, its operator isn™t. Its sister sites include Slot Empire and Aussie play, long-standing favorites among players. Its theme is that it tries to emulate the atmosphere of a 1920s New York Speakeasy Club. The ones with smooth jazz music and rhythmic dancing.
It™s a bitcoin online casino with a large catalog of games and a huge selection of bonuses and promotions. It has perfect mobile compatibility and no withdrawal fees.
BetOnline
The company behind this platform has had a significant presence in the bitcoin gaming sphere since the industry got off the ground. The casino itself is also one of the oldest and most trusted sites on the US market, opening its doors to US customers in 2001.
If the 300 casino games on offer aren™t to your liking, players can also look through a well-made bitcoin sportsbook. Esports betting is also an option as well as betting on horse racing and playing bitcoin poker.
Café Casino
Providing an unrivaled level of service combined with a huge selection of slots, table games, and video poker; Café Casino is a great choice for any player that is looking for exciting promotions and cryptocurrency payment options.
Launched in 2016, it has a reputation for the fastest payouts in the industry and perks like nice welcome bonuses, a referral program, cashback bonuses, and the ability to earn Perk Points by playing.
Slots.Iv
Created with the philosophy of providing an entertaining and dynamic online casino environment, one that strives for continuous improvement, Slots.Iv prides itself on its lightning payouts and outstanding customer service.
Operated by Lynton Limited Casinos, the company behind other great sites like Ignition Casino, Slots.Iv is a premium gaming platform that™s been around since 2013 and boasts a rock-solid reputation.
Bovada
Perhaps one of the most recognizable brands among US players. Bovada is the US-friendly counterpart to Bodog Casino and is the total package.
Bovada provides a full gaming experience with bitcoin sports betting, horse racing, slots, table games, poker, and bingo on offer. Add to that the instant withdrawals, and it™s clear why Bovada is a real winner.
How to Deposit Bitcoins in an Online Casino
Create an account
Go to cashier page
Input your bitcoin wallet address
Enter a deposit amount
Fund your account and begin playing
The process can be explained in five easy steps. Following these, players will be able to fund their casino account with bitcoins and play their games of choice for the opportunity to win big prizes.
Create an Account
Sign up by filling out the registration form and providing your basic information.
Open the Casino Cashier Page
Once registered, select Bitcoin as a preferred payment method. Players must use an accepted bitcoin wallet.
Input Your Bitcoin Wallet Address
Every owner of a bitcoin wallet has a personal wallet address. To make sure that payments go through, he must input that address in his casino account.
Enter a Deposit Sum
After the casino provides the player with the casino™s bitcoin address, the player can make a deposit.
Fund Your Account and Start Playing
After a player™s deposit drops into his casino account, he immediately becomes eligible for promotions and can play the games available for real money.
How to Claim Bitcoin No Deposit Bonus Code
Sign up at one of the recommended online casinos.
Select Bitcoin as a deposit method.
inputs the bonus code.
Bonus will be credited to the account.
A Bitcoin No Deposit Bonus is exactly what the name suggests it is. It™s free bitcoin and it can come in different forms. It could feature Bonus Cash, Free Spins, or VIP Points. However, these bonuses come with long lists of rules and conditions, so it™s best to read them before depositing funds.
Bitcoin No Deposit Bonuses are usually accessed via a bonus code. Each code is unique to that particular bitcoin casino and can only be used once per person. It™s supplied in the promotional offer and the players have to input it into their account to claim it. The process is simple.
Once the No Deposit Bonus is active, a player can use the offer to select one of the many bitcoin slot games in the casino™s library and do some gambling for free.
Withdrawals Using Bitcoin
This is also a quick and easy process. A player visits the casino™s cashier page and selects the withdrawal tab. He enters the amount he wishes to take out of his casino account. There™s a restriction regarding the size of this amount according to the casino™s withdrawal limits.
If the desired sum is within the limit, the player enters his bitcoin wallet address and requests a cashout. The transfer should happen immediately as this is the fastest payment option available today.
Disclaimer: This a paid post, and should not be treated as news/advice.
The post Top 5 Bitcoin Casinos USA appeared first on AMBCrypto.
]]>https://ambcrypto.com/?p=129037Wed, 13 May 20 10:03:31 +0000Stake TERN on BlockCard For The Best Crypto Debit Card Press Release,Social,HideCryptopanic,SPN Newshttps://ambcrypto.com/stake-tern-on-blockcard-for-the-best-crypto-debit-card
Cryptocurrency Debit Cards are growing in popularity. Companies like BitPay, Wirex, and Ternio offer cards to crypto holders today, while companies like Binance and BlockFi are working on releasing their own. This new breed of œCrypto Cards” offers convenience and accessibility for the cardholder, plus are often cheaper for the consumer when needing to convert to FIAT currencies.
Merchants also benefit by not having to accept cryptocurrencies with high volatility, but rather collect FIAT through leveraging the existing VISA or MasterCard payment systems.
The BlockCard is one of the most feature robust and versatile crypto debit cards on the market. It is made by US-based company Ternio. BlockCard offers a number of interesting features, from the user onboarding process to functionality on the card. Consumer experience is very important as users want
Unique BlockCard Features:
Instant Signup Approval. Most crypto cards require the user to pass KYC review and BlockCard is no different, but there is no waiting for approval. You can have a virtual card in just a few minutes if you are approved.
Two unique cards. Users get a virtual BlockCard upon approval, but also get a plastic card mailed to their house. All users get 2 cards and each has its own card number.
Mobile Pay. Sync BlockCard with Apple, Google, or Samsung pay to use with your mobile phone or smartwatch.
Cash to Crypto. Users can go to national retailers like Walmart or CVS to deposit cash directly onto their BlockCard to get cash into crypto.
The Best Rewards Program. The BlockCard rewards program wins. It offers unlimited 6.38% crypto back on all merchant spending. The most rewards on the market.
TERN Staking for Crypto Back Rewards:
The BlockCard rewards program is the most generous on the market at up to 6.38% crypto back rewards. Rewards programs are not new, but most have limits on the number of rewards a consumer can earn are often restricted to total dollar amounts or certain categories. BlockCard enables users to earn crypto back rewards by staking TERN. Users can earn 1% back by staking 30,000 TERN all the way up to 6% back by staking 145,000 TERN.
Source: BlockCard
BlockCard spenders also earn rewards on the rewards they already earned. This is how you are able to earn an additional 0.38% back. TERN can be spent just like FIAT on BlockCard and there is no conversion process required to get these benefits. If you spend $1,000 a month on BlockCard, you would get back $63.80. Over the course of a year, that™s $765.60 just for using BlockCard.
BlockCard Public Opinion:
Reviews on BlockCard have been mainly positive from crypto debit card review sites, to social media, and consumer review. User œWalter” on TrustPilot said BlockCard was œThe Best Bitcoin Debit Card you can get.” Most users liked the convenience of the card, great rewards, and low fees. A positive customer service experience was something that appeared often as well.
Source: BlockCard
However, not all feedback was positive. Some criticisms of BlockCard include:
No mobile application for iOS or Android
No metal card offering. Only plastic or virtual is available
No availability outside of the United States.
User balances can fluctuate with the crypto market.
A stable-coin option for users would be a great addition to BlockCard. While BlockCard is a great use for the TERN currency, some users may prefer to avoid crypto price speculation and keep assets in the non-fluctuating currency for their everyday spending.
Conclusion:
Ternio has produced one of the best crypto debit cards on the market with its BlockCard. Between robust features, versatile functionality, and a generous rewards program, BlockCard is a solid choice for any crypto holder looking for a way to spend their cryptocurrency. Consumer reviews on BlockCard are ultimately positive, but it would be nice to see additional options like to see a stable-coin option for users to spend. Staking TERN and benefiting from the 6.38% crypto-back rewards is something all BlockCard holders should do.
You can sign up for BlockCard at GetBlockCard.com
Disclaimer: This is a paid post and should not be considered as news/advice.
The post Stake TERN on BlockCard For The Best Crypto Debit Card appeared first on AMBCrypto.
]]>https://ambcrypto.com/?p=128903Tue, 12 May 20 04:26:37 +0000THREEFOLD LAYS THE FOUNDATION FOR A TRUE PEER-TO-PEER INTERNET AND FORMALLY ANNOUNCES ITS TOKEN DISTRIBUTION EVENTPress Release,HideCryptopanic,No Indexhttps://ambcrypto.com/threefold-lays-the-foundation-for-a-true-peer-to-peer-internet-formally-announces-its-token-distribution-event
In 2016, ThreeFold identified the need for a new, upgraded, and more-secure internet “ a peer-to-peer internet that empowers equality (access), autonomy to its users, and sustainability. Today, independent ThreeFold Farmers have collectively built the largest distributed peer-to-peer grid of internet capacity in the world, live with more than 40,000,000 GB of capacity and 15,000 CPU cores, and stretching across more than 20 countries.
The technology for this new internet has been created by ThreeFold Tech, who works with its partner Hewlett Packard Enterprise to provide ThreeFold Farmers with high-quality hardware.
An Alliance to Build a True Peer-to-Peer Internet
ThreeFold comes alive with a collaborative ecosystem of partners and projects called the Conscious Internet Alliance, focused on creating a more human and planet centric world. Among them:
The Solidaridad Network, which aims to empower more fair and sustainable supply chains
3Bot, your digital twin, a gateway to a peer-to-peer world
SEEDS, a regenerative financial system for a thriving global society
Take Action Global, creating opportunities for students to take action on social good causes
Artheon VR Museum, a free educational platform offering immersive cultural experiences
A peer-to-peer file manager, virtual browser, and more
Together, the alliance represents a group of projects that believe in the need for a new Internet that does good for the world. ThreeFold welcomes new partners who share the same belief and are ready to act.
The Token of the New Internet
The ThreeFold Grid is powered by the ThreeFold Token (TFT), which is now publicly available on the Stellar Network and will be listed on Liquid Exchange and BTC-Alpha Exchange towards the end of May. Proceeds from the token sale will be used to support projects focused on bringing experiences to the ThreeFold Grid, including some mentioned above.
The TFT is a decentralized digital currency that represents a unit of reservation of capacity (compute or storage) on the ThreeFold Grid, the largest peer-to-peer internet grid on earth.
It is a fully community-mined (farmed) token; there has never been an initial coin offering of any kind. TFTs are only created when physical hardware is connected to the ThreeFold Grid and can be exchanged for the utilization of grid capacity at any point. The token model incentivizes the further expansion of the ThreeFold Grid towards developing regions, especially Africa and South America. Additionally, part of the transaction goes to the Foundation to fund projects that are believed to bring a positive human or planet impact.
ThreeFold, along with its collective ecosystem of partners, believes that equality, autonomy, and sustainability are key pillars needed to achieve peace and fulfillment of humankind’s potential. Together, they aim to join forces to create and share better technological and non-technological solutions with the world.
ThreeFold is building a peer-to-peer internet that empowers equality, autonomy, and sustainability, and is supported by the ThreeFold Foundation. Its technology has been developed by ThreeFold Tech in collaboration with Hewlett Packard Enterprise, Kleos, and Flowgen as its technology partners. The team formed around co-founder and serial entrepreneur Kristof de Spiegeleer has over 15 years of experience in cloud computing and a number of exits. ThreeFold is a planet-first project, believing that building technology and doing good for the world can go hand in hand.
If you would like more information about the ThreeFold, please contact the team here.
Disclaimer: This a paid post, and should not be treated as news/advice.
The post THREEFOLD LAYS THE FOUNDATION FOR A TRUE PEER-TO-PEER INTERNET AND FORMALLY ANNOUNCES ITS TOKEN DISTRIBUTION EVENT appeared first on AMBCrypto.
]]>https://ambcrypto.com/?p=126847Tue, 21 Apr 20 12:43:10 +0000Thomas Schmitz appointed as the newest member on the Advisory Board of QuickXPress Release,HideCryptopanic,No Indexhttps://ambcrypto.com/thomas-schmitz-appointed-as-the-newest-member-on-the-advisory-board-of-quickx
QuickX “ a revolutionary entity in the Blockchain Technology that brings forth the Blockchain favorable & Crypto centric solutions amid the global market, announced the appointment of Mr. Thomas Schmitz as the newest member on the Advisory Board. He will be guiding the marketing initiatives and activities of QuickX, globally.
Thomas Schmitz is a well-known name in the marketing industry beholding a successful career of over three decades in Direct Sales and Affiliate Marketing. Prior to joining hands with QuickX, Mr. Schmitz was associated with Dubli as the Senior Vice President, and then in the capacity of Chief Networking Officer. In his career, he has broken varied records in various arenas in the past. He is also responsible for building over 500,000 associates globally. Besides his skills of leading people to success, Mr. Schmitz is also an established keynote speaker. Owing to his unique style of speaking, employing various entertaining and motivational techniques, which the QuickX Community will benefit from during roadshows and blockchain events.
QuickX started its journey in 2016 and ever since then, it has been bringing about some notable changes in the world of cryptocurrency. Thomas Schmitz with his years of experience in Network Marketing is expected to take the vision of the Founders Dr.Vaibhav Adhlakha and Dr. Kshitij Adhlakha to every corner of the world. Having conceptualized and made a revolutionary product and continuing to develop more crypto supporting products and services, Mr. Schmitz will be guiding all the marketing initiatives within the QuickX Community and beyond QuickX, globally.
“We are pleased to welcome Thomas to our Advisory Board, Thomas brings a broader spectrum of knowledge and years of experience to QuickX that will assist us to develop the acceptance of our new-age technology, globally. Down the line, we see ourselves bringing crypto to day-to-day use and gaining wider acceptance, globally. And in Thomas we believe, we have found a partner, who will help us bridge the gaps between our technology team, the market makers and the end-user with his ability to easily explain even the complicated high-tech products to people who are new to this segment.” stated Dr. Kshitij Adlakha, COO-Founder: QuickX on the joining of Mr. Thomas Schmitz QuickX with utmost honor and pride welcomes Thomas to the Board of Advisors and look forward to a long and fruitful association.
About the Organization:
QuickX is a new-age protocol designed specifically to fast pace the mass acceptance of Cryptocurrencies, globally. It performs transactions off the chain for same Blockchain assets and utilizes pooling facilitators who supply liquidity for cross-chain transfers of
crypto assets. Through this, it accelerates the transaction speed greatly, dissolves the interoperability problem between different cryptocurrencies, relieves the transaction fees and also solves the issue of scalability.
Additionally, QuickX being the fastest real world crypto-payment protocol also deals in varied sorts of offerings such as QuickX Touch, Prepaid Card, Payment Gateway and Multi-Currency Wallet. In times, when the economy is shifting to cashless modes of payment, QuickX does its best in deriving something new and innovative every now and then. Henceforth, one need not wait for prolonged periods, because with QuickX instant transactions for all sorts of Blockchain assets are easily available.
For more information, please visit their official website.
Disclaimer: This a paid post, and should not be treated as news/advice.
The post Thomas Schmitz appointed as the newest member on the Advisory Board of QuickX appeared first on AMBCrypto.
]]>https://ambcrypto.com/?p=125049Thu, 02 Apr 20 14:34:34 +0000BitMax.io Launches Staking Support to Solve the Liquidity Dilemma for Staked AssetsPress Release,HideCryptopanic,No Indexhttps://ambcrypto.com/bitmax-io-launches-staking-support-to-solve-the-liquidity-dilemma-for-staked-assets
Introduction
BitMax.io (BTMX.com), a Singapore registered digital asset trading platform, has launched a new staking product on April 2, with initial support for Cosmos (ATOM) and Tezos (XTZ) before expanding coverage to other digital assets.
The BitMax.io team announced its staking product will utilize an innovative design to address liquidity challenges associated with traditional staking. As a part of this design, users will have the flexibility to trade and transfer staked assets while still receiving block rewards. The new staking product also seeks to promote more secure blockchain networks for supported projects by encouraging higher stake ratios.
Liquidity Dilemma: To Stake, or not to Stake?
Proof-of-Stake (œPoS”) blockchain networks rely on token holders to stake assets in order to participate in various consensus mechanisms, thus promoting network security and resilience. In return for their contribution, these token holders, or œvalidators,” earn block rewards “ generally in the form of the network™s native digital asset.
In this regard, staking allows token holders the opportunity to generate returns by simply œlocking” assets for a set period. However, an inherent shortcoming of staking is that œunlocking” assets require a lengthy unbonding period during which a token holder can neither trade or transfer the asset nor is eligible to receive any staking rewards.
Tradeoffs between accessibility and staking rewards present a critical œliquidity dilemma”, for token holders when deciding whether to stake, or not to stake various digital assets operating on PoS networks. Some of the most troubling consequences of this liquidity dilemma are as follows:
1. Low Stake Ratio 1 :
The inherently volatile nature of digital asset markets is sufficient to deter many token holders from staking because staked assets cannot be traded to hedge risk effectively. A low stake ratio results in low network security for the blockchain project.
2. Extreme Network Inflation:
To incentivize token holders to participate in various consensus mechanisms, many PoS projects issue large block rewards to be distributed amongst delegators, resulting in a rapidly expanding token supply. An inflationary supply with no additional capital inflow will likely result in token price depreciation.
3. Significant Hash Rate Volatility:
Price action on secondary markets may catalyze large portions of the staked network to be œunbonded” as token holders flock to undelegate and sell “ either to take profit following price appreciation or stop losses following price depreciation “ resulting in dramatic swings in network hash rate. A volatile hash rate results in network instability.
A Novel Approach to Solve the Liquidity Dilemma for Staked Assets
In response to the liquidity dilemma facing token holders and PoS projects, BitMax.io has designed a staking product which grants users the flexibility to trade and transfer staked assets without unbonding them from the network. Ultimately, the platform™s novel staking product will allow users to receive more attractive returns without sacrificing liquidity; therefore, encouraging higher more
resilient stake ratios for blockchain networks. BitMax.io™s novel staking product will have three key features:
1. Immediate Access to Staked Assets:
To enhance users™ staking experience, BitMax.io will maintain a pool of assets for immediate access after an asset is unstaked. œInstant Unbonding” will allow users to manage staked assets at their discretion even when delegating to a network with a lengthy unbonding period.
2. Margin Trading for Staked Assets:
To further promote marketplace efficiency, BitMax.io will create a synthetic version of each staked asset to be used as margin collateral, thus allowing users to go long or short to hedge exposure while continuing to earn rewards.
3. Maximized Staking Returns:
To maximize returns on behalf of users, BitMax.io will automatically redelegate staking rewards to staking pools, thus allowing users to further enhance yield from their token holdings. With regards to BitMax.io™s new staking product, BitMax co-founder and CEO, George Cao stated:
œProduct innovation has always been a core aspect of our business. We designed this product to improve upon lots of the shortcomings associated with other platforms™ staking offerings. By offerings a solution to the ˜liquidity dilemma,™ we are giving our users the best staking experience while also providing value to the projects we support.”
Platforms such as Kucoin and Binance have adopted an approach known as œSoft-Staking” wherein each exchange can stake on its users™ behalf without active acknowledgment from the token holders. In contrast, BitMax.io has opted for a more traditional œprincipal-agent” relationship with its users which requires each token holder to opt-in as a delegator to the relevant blockchain network. In furtherance of this strategic decision, George Cao, notes:
œWe will never stake customer assets nor use customer assets to vote or decide anything without approval. BitMax.io only aggregates staking interest from platform users as a single counterparty and then delegates to trusted
validators of choice, while at the same time taking care of reward distribution tasks and reinvestment of reward on behalf of users.”
Maximized Staking Rewards for Platform Users
As of April 2, 10:00 a.m. EDT, all BitMax.io customers can stake Cosmos (ATOM) and Tezos (XTZ) and collect staking rewards immediately. This is yet another point of differentiation between BitMax.io and competing platforms which delay reward distribution. For example, Binance distributes rewards on a once-monthly basis to users holding assets on Binance.
Seamless and efficient distribution of staking rewards should allow BitMax.io users to maximize returns from token holding via compounding interest. BitMax.io has confirmed that the platform will expand staking support to other emerging and high potential PoS protocols in the near future. BitMax.io was previously announced as one of the validators of KAVA (KAVA) and was also reported as building infrastructure to support Harmony (ONE) staking pending the project™s strategic roadmap.
Disclaimer: This a paid post, and should not be treated as news/advice.
The post BitMax.io Launches Staking Support to Solve the Liquidity Dilemma for Staked Assets appeared first on AMBCrypto.
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