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‘Be Patient- Bitcoin Price To Recover’ Says A Popular Analyst

The post ‘Be Patient- Bitcoin Price To Recover’ Says A Popular Analyst appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
The global market capitalization for the past couple of days is experiencing an extreme drain. Most of teh crypto assets are registering a consecutive 5 red daily candles in a row. The huge selling pressure accumulated on the Bitcoin price has compelled it to bottom below $38,000. By trending very close to the support levels …

Google’s New Cryptocurrency Ad Policy Goes Into Effect

Internet giant Google’s new ad policy has gone into effect. The company now allows certain cryptocurrency ads, such as those promoting cryptocurrency exchanges and wallets. Advertisers must meet certain requirements and be certified by Google. Google Now Allows Some Crypto Ads Google’s new ad policy for financial products and services, announced in June, has gone […

Two Masterminds in Last Ditch Effort to Stall Liquidation of MTI

In a last-ditch attempt to stall the sale of Mirror Trading International (MTI) assets, two masterminds of the collapsed bitcoin Ponzi scheme have warned investors that liquidating the investment company will likely result in them being asked to return all withdrawn bitcoins. Opposition to Attempts at Declaring MTI a Ponzi Scheme In a court filing […

FTX Closes 7-Year Deal With League Of Legends Championship Series

The North American Esports League of “League Of Legends”, also known as the League Championship Series (LCS), has closed a deal with cryptocurrency exchange FTX to have it as its official cryptocurrency sponsor for the next 7 years. The deal represents the longest sponsorship agreement between Riot Games, the developer behind League of Legends (LOL), […]
The post FTX Closes 7-Year Deal With League Of Legends Championship Series appeared first on Blockonomi.

FTX and Entertainment Giant Dolphin to Launch NFT Marketplace

On August 2, West Realm Shire Services Inc., the owner and operator of FTX.US, revealed the company has partnered with film and television production company Dolphin Entertainment. According to the announcement, FTX and Dolphin will be launching a non-fungible token (NFT) marketplace dedicated to sports and entertainment brands. Dolphin Entertainment Partners With FTX.US While non-fungible […

Cardano(ADA) Price Spikes As Bitcoin & Ethereum Yet To Manage The Trembled Situation!

The post Cardano(ADA) Price Spikes As Bitcoin & Ethereum Yet To Manage The Trembled Situation! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
As the crypto space gears up a little from the previous day loss, the Cardano price utilizing the opportunity as a whole spike with a huge margin. However, the major assets like Bitcoin and Ethereum are yet to recover from the losses, yet could flip the bears very soon. Continuing with the constant trend, the …

Bearish Blues For Bitcoin as the Largest Cryptocurrency Falls Below $38k!

The post Bearish Blues For Bitcoin as the Largest Cryptocurrency Falls Below $38k! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Bitcoin’s Declining Price is Concerning the Cryptocurrency Investors, as BTC has once again fallen below the $38,000 barrier, putting investors on edge. Bitcoin market share is 46.40 percent at the time of writing, down 0.14 percent from the previous day. Before hitting the reverse button, the king coin was trading between $39k and $42k. Along …

Synthetic Assets on Horizon Protocol: Tremendous Achievement for DeFi

Synthetic assets are different DeFi platform tokens that digitally represent real-life derivatives like futures and options. They are created via smart contracts on a distributed and globally accessible blockchain network. Horizon Protocol Horizon Protocol is a DeFi platform for creating on-chain synthetic assets (zAssets) based on real-life financial assets. The protocol is a fork from the liquidity derivatives protocol, Synthetix. Therefore, instead of reinventing the wheel, Horizon improves the interoperability, scalability, speed, and affordability of on-chain derivatives trading. It introduces the trade of more derivative products on blockchains than the existing synthetic assets-based DeFi protocols. Horizon Protocol and other DeFi platforms Horizon Protocol is an improvement on the established DeFi synthetic asset-trading platform. First, it forks from Synthetix, thereby advancing on this existent liquidity derivative protocol. Second, it seeks to expand the current asset range with more options from the traditional finance market and NFTs from the crypto market through the partnership with Phoenix Oracles. In the future, it will expand the number of trading tools. It even aims to expand the trading options. Moreover, it is optimized with the Binance Smart Chain. Creation of zAssets at Horizon Exchange The utility token for the Horizon Protocol platform is HZN. It serves as the collateral for the trading of synthetic assets (zAssets). HZN holders receive incentives to stake in Horizon Protocol from transaction fees on Horizon Exchange being redirected to the reward pool for HZN stakers and the Horizon Protocol inflation policy that was designed to stimulate growth in the early stages of development. On Horizon Exchange, zAssets are assigned a value based on the real-world asset’s price received by an oracle. Horizon protocol uses Phoenix Oracle, Chainlink and Band that links real-world financial and crypto assets with Horizon Exchange. HZN holders provide collateral at a predefined collateralization ratio of 800% to safeguard against market volatility. Fluctuation in the HZN price will require the benefactor to reset their collateralization ratio by burning or creating more zAssets to reclaim their HZN. This collateralization ratio is subject to change based on community governance and further testing. Which synthetic assets will trade on Horizon Exchange? Horizon Exchange will offer trading tools like limit orders and stop losses. It will expand its functioning to options, leverage, and margin trading. The tradable zAssets on the Horizon Exchange include: Equities Shareholders hold the equity in a company. It is the value of the company’s total assets after deducting the total liabilities. Commodities These refer to the tradable raw products. Hard commodities include mostly natural resources like oil, while soft commodities refer to agricultural or livestock products like coffee. Market Indices Derivatives can be based on market indices like S&P 500. The value of such futures or options varies with the value of the underlying stock index. Corporate assets These refer to the financial assets of a business. Vehicles, equipment, and property are examples of corporate assets. Physical assets These are tangible assets of commercial and financial value. Equipment fitted in an apartment building, such as a fire fighting system, are physical assets. Crypto assets Short, long, and unique crypto assets from various blockchains can unite on the Binance Smart Chain via Horizon Protocol. Some unique versions slated to be in Horizon Protocol’s synthetic asset range are NFTs and fractionalized NFTs. In the future, the Horizon Protocol DAO will vote for assets they wish to see. Conclusion Synthetic asset-based trading without an intermediary is a tremendous achievement for DeFi. You can digitally trade in a highly secure environment based on asset price fluctuations in the global finance market. Horizon Exchange offers the ability to trade a host of synthetic assets ranging from real-world economy assets to synthetic crypto assets on the same platform. You can learn more about Horizon Protocol on Twitter and Telegram here.  

BSV is the Green Bitcoin with Ec0-Friendly Mining Process

The post BSV is the Green Bitcoin with Ec0-Friendly Mining Process appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
There’s a lot of chatter out there that Bitcoin mining and the rest of the digital asset mining. It is said that this mining is taking place in the world is creating a huge carbon footprint. It certainly depends on who you ask for which answer you will get. To say global Bitcoin mining uses …

Bitget Launches its Russian Version: Another Leap Towards Globalization

The derivatives exchange Bitget announced a new Russian version to provide both trade services and customer support in the Russian language — another crucial globalization initiative following its entry into Japan, South Korea, and the Southeast Asia market last year. “Going global is our major strategy in the second half of 2021,” said its CEO Sandra in an interview with Cointelegraph last month. About this new move, she explained, “There are a large amount of active Russian users on Bitget, with many more coming in, as shown in our data. That’s why we think getting the Russian version online has become a top priority.” Home to many top crypto projects and enterprises such as Ethereum, Waves and BitFury, Russia is a prominent market that cannot be ignored in the industry. According to RACIB, among every 70 Russians, there is one crypto investor. That’s a total of 2,000,000 people. The mature market structure and large user base have made Russia a key station for exchanges seeking to expand their global footprint. Bitget is one of the most popular derivatives exchanges in the last two years. Since its launch in 2018, it has been leading the market with multiple product innovations.  Up to now, the exchange has more than 1.5 million registered users in 46 countries and regions, including Japan, South Korea, Malaysia, and Turkey, ranking Top6 worldwide by average daily trading volume according to CoinMarketCap. Last July, Bitget completed a $10 million funding round backed by SNK, reaching a valuation of $1 billion. As a result of its globalization strategy set out in 2020, it now has operations in South Korea, Vietnam, India, Malaysia, etc. Meanwhile, the platform has obtained compliance licenses in Singapore, the USA, Canada, and Australia. The newly launched Russian version to refine its services may signal that Bitget is ready to step into the Russian Market. It never seemed too difficult for Bitget to enter a new market from scratch. In fact, it has gained huge success in South Korea during its early development, cooperating with over 200 local KOLs in just three months, with trading volumes hitting historical records from time to time. According to Inn, Bitget’s CEO of South Korea, in an interview with a local media Blockchianus, “40% of our incremental transactions comes from this region.” As such, it is highly possible for Bitget to replicate the same success story in Russia. Keep innovating is the key for Bitget to outperform others in the derivatives area as a latecomer. For example, the One-Click Copy Trade first launched by the platform last May solved the high threshold problem of contract trading. It has now attracted approximately 10,000 elite traders, according to its official data. In just a year since its establishment, Bitget has already become the largest crypto copy trading platform by volume. “Want to earn at ease? Try copy trading at Bitget” is now the most eye-catching slogan in the community. In April this year, Bitget again surprised the industry with its new product Quanto Swap Contract. By supporting cross-currency trading, it allows users to open positions on six mainstream trading pairs – BTC/USD, ETH /USD, XRP/USD, using BTC, ETH and USDC as the collateral for margin trading. It enables users to use BTC and ETH as the margin in bull markets to secure dual returns from the value increase of the margin and the profits of open positions. While in bear markets, they can use USDC as the margin to prevent potential risks caused by the value shrinkage. Above all, excellent services are the key for Bitget to conquer users’ hearts in such a short time. According to an insider, apart from enhancing language services, Bitget plans to provide a fiat on-ramp for Russian users to purchase crypto assets with Rouble. “Russia is a very important market for us. We believe there will be more people embracing cryptocurrencies as blockchain technology evolves. Bitget will seek to provide the best products and services to users in this region.” says Sandra.

Two Blockchain-Based Digital Identity Projects Are Being Developed in Argentina

Two blockchain-based digital identity projects are being developed in different regions of Argentina, with different objectives. One of them is directed to improve government-citizen relationships, facilitating these interactions in Misiones. The other one seeks to improve financial inclusion in the region of Gran Chaco. These two initiatives are being organized by Project Didi, an organization […

XRP Eyes to above $1 Claims PrimeXBT Analyst Kim Chua

The post XRP Eyes to above $1 Claims PrimeXBT Analyst Kim Chua appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
XRP is among the handful of cryptocurrencies that has yet to set a new all-time high and faced near-endless adversity yet continues to show resilience in the market. Ripple also continues to push its business model forward despite ongoing struggles with the United States SEC. For example, the latest remittance collaboration with SBI Remit was …

Dogecoin Price Feared To Continue With A Bearish Trend, Is $0.2 At Stake?

The post Dogecoin Price Feared To Continue With A Bearish Trend, Is $0.2 At Stake? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Dogecoin price initiated with the current month trade with a bearish note accumulating 4 red daily candles. However, the fresh day trade appears to be slightly bullish but buying pressure is not witnessed yet. And hence compelling the DOGE price to swing with a very narrow margin.  The price in the present-day trade also manifesting …

Venezuela’s Maduro Wants to Offer Crypto-Based Loans to Agricultural Producers

Nicolas Maduro, president of Venezuela, stated the country could offer cryptocurrency-based loans to the agricultural sector, in addition to the traditional loans in several fiat currencies. He also stated that Venezuela has worked with petro and other cryptocurrencies for three years, pioneering the use of this kind of asset in Latam. Government Hints at Offering […

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