Day: August 6, 2020

Sundays Are the Perfect Time to Buy the Bitcoin Dip, Data Shows

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Recent data shows that Sunday evening is the best time to buy Bitcoin (BTC) according to Capriole digital asset manager Charles Edwards. As shown below, historically, BTC saw higher returns on Sunday evenings into early Monday morning. Bitcoin shows higher returns on Sunday evenings. Source: Charles Edwards Edwards said: “Bored on Sunday at midnight? It just so happens to be the best time to buy Bitcoin.” There are several reasons Bitcoin might perform better as the weekend comes to an end. First, the weekend typically records a lower volume, which…

Margin Trading is Now Available on Changelly PRO

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Place/Date: – August 6th, 2020 at 6:47 pm UTC · 3 min read Contact: Changelly, Source: Changelly Changelly, an instant swap platform, has recently launched a new custodial exchange Changelly PRO. It aims to enable crypto newcomers to bridge the gap between basic investing and active trading as well as provide adept traders with a reliable full-featured trading platform from an established brand – Changelly. According to Changelly’s recent customer research, approximately 50% of its customers use custodial exchanges for short-term trading, compared to 10% in 2015. Eric Benz, Changelly…

10 Simple Steps to Launch Own Cryptocurrency Exchange

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Cryptocurrency, Bitcoin are the trending search terms on google in recent years. Hope you all aware about these terms as it plays vital role in today’s digital world. Cryptocurrency Exchange is the most profitable business that is making huge revenue even on this difficult pandemic situation. In this article, let us look at the simple steps to launch your own cryptocurrency exchange platform.   Step 1 : Get Proper Legal Counsel after meeting all your licensing requirements It is important to get the proper legal counsel, before you set your…

TokenInsight Released BitCoke Exchange Analysis Report

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Place/Date: Beijing, China – August 6th, 2020 at 5:42 pm UTC · 3 min read Contact: TokenInsight, Source: TokenInsight Introduced by BitCoke, Quanto Swap is a dual-currency trading product ( I.e. The BitMEX ETH/USD perpetual contract is denominated in US dollars and is eventually settled in XBT). The trading involves the conversion between three different cryptocurrencies. The BitCoke Quanto supports four cryptocurrencies, namely BTC, ETH, EOS, and USDT, as the settlement asset and can also be used as deposit, which means that users can trade all five contracts at the…

Why The Dollar’s Coming Dead Cat Bounce Could Be Devastating For Bitcoin

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The dollar is in sharp decline, and it has allowed other currencies to gain the upper hand. It has also let Bitcoin, gold, altcoins, and other hard assets shine. But will a coming dead cat bounce in the dollar devastate recent crypto market returns and cause a temporary pullback? Or is this the start of a bigger comeback by the king of all cash-based fiat currencies? USD: After Dramatic Drop To Two Year Low, TD Sequential Triggers 9 & 13 Buy Signals Nearly every financial asset across any market is…

Technical Indexes Spell Trouble for Ethereum Despite Hype Around ETH 2.0

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The Ethereum Foundation recently launched the Medalla testnet. This is set to be the final testnet before Ethereum 2.0 goes live into mainnet by the end of the year. The goal is to test key features in a real working environment to examine its scalability and efficiency. The news seems to have brought a lot of attention to the smart contracts giant. LunarCRUSH reported that the number of ETH-related mentions on social media exploded since the testnet was launched. The community analytics firm recorded over 263 million social engagements over…

Much Of Russia’s Blockchain Voter Data is Now for Sale On the Dark Web

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Passport data from 1.14 million Russians is now available for sale on underground shops via the dark web. This data was stolen from citizens who voted in the country’s recent constitutional reform referendum, which utilized Blockchain technology. According to Kommersant, quoting information provided by the hackers, illegal sellers have already sold over “30 thousand lines” of a document that contains the leaked data. Lines are listed at a cost of $1.50 each, but the price-per-line goes as low as $1 for parties purchasing the data in bulk. Although passport data…

Welcoming the Future of Finance with Blockchain

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If you have not been living under a rock for the past 12 years, you must have heard about cryptocurrencies like Bitcoin. What you may have missed is the technology behind these, which is called blockchain, is not limited to creating currencies alone. In fact, it has the potential to entirely remodel every industry out there, including the financial institutions. All the financial institutions right now run on manual networks which are highly prone to theft, errors, and corruptions. Simply replacing the current system with blockchain can resolve all the…

Funding Rate of Digital Assets: How to Avoid Being Misled

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The funding rate is an essential mechanism to allow derivative instruments to track the spot price of their underlying asset. Since the “digital Sleeping Beauty,” Bitcoin (BTC), woke up about two months after its third halving in mid-May 2020, we have read a lot about the “funding rate” of digital assets futures — from good to completely misleading reports. We just wanted to chime in on that trendy topic. What is the funding rate? First, it is important to understand what this “funding rate” is, as it only relates to…

Blockchain Bites: Bulls Reborn, Backrunning Bots, Bitmain Blowout

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Ethereum Classic was hit again, Instagram is seeing a proliferation of crypto scams and shipments of Bitmain’s latest bitcoin mining machines have been delayed. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here.  Top shelf Double TroubleEthereum Classic has suffered its second 51% attack in a week after more than 4,000 blocks were reorganized Thursday morning. A chain reorg occurs when a party gains more hashing power than the rest of…