Open Banking amp Banking Digital Transformation Congress Will Be Held in September in Shangha

Open Banking & Banking Digital Transformation Congress Will Be Held in September in Shanghai


Open Banking & Banking Digital Transformation Congress 2020

will be held on September 24-25, in Shanghai, with a focus on digital transformation and open ecosystem construction of large state-owned banks, joint-stock banks, urban commercial banks, and foreign bank, etc. The congress will mainly discuss how iABCD empower retail, micro and corporate finance from perspectives of policy transmission, ecological construction, cultural innovation, business model innovation, product innovation, risk management, marketing, and the user experience, etc.The FinTech Innovation and its large-scale application in banking have become increasingly vital in 2020, especially in the context of the global epidemic of COVID-19, irreversible trend of digitization, as well as the first priority of platform-based and scenario-based competitive tactics in a business model.

CDMC Finance Research Institute

(CFRI) finds there are the following confusion and difficulties in pushing open banking and banking digital transformation after interviewing more than 50 bankers.

  • Digital strategy, business model, and goals are not blurry
  • Rigid organization mechanisms and culture can’t support innovation and digital transformation
  • Digital transformation is a matter of life and death for small banks. While, small bank’s technology innovation ability is not competitive with a lack of talents, who are experienced both in finance and technology, etc.
  • In terms of inside data, banks are facing challenges from not well-organized data governance infrastructure, unified data standers, and circulation. As for outside, increasing cost, securities, and private domain traffic are new challenges banks have to encounter.
  • Hope to explore typical cases in retail finance, microfinance, corporate finance, and learn from them.
  • How to further spur digitization of retail finance into the deep water area?
  • How to acquire microfinance clients and control risk in the context of COVID-19?
  • How to define ROI? Often confused…
  • Open banking ecosystem construction…

On September 24-25, Shanghai. Welcome to join us.

Article Produced By
Trushti Patel

Trushti Patel is a news writer and a regular contributor to CryptoNewsZ. She always stays up-to-date with the latest happenings regarding the world of crypto. She is also sound in technical analysis. She holds a double degree in Journalism and mass communication.

https://www.cryptonewsz.com/open-banking-banking-digital-transformation-congress-will-be-held-in-august-in-shanghai/

Heiko Closhen, Entrepreneur

Bitcoin Retests Support Below 9k for the Second Time in 10 Days

Bitcoin Retests Support Below $9k for the Second Time in 10 Days

However, irrespective of the price, Bitcoin has been a center stage for people all over social media and has been luring many investors due to its recent hype after the Coronavirus lockdown. Bitcoin is not just a mere investment but is a power and a transition factor to act as a catalyzer in the traditional investment and financial system. It has been over a decade since Bitcoin has made its appearance as a digital asset and thereby gained enough lovers and loyalists who believe that this decentralized blockchain-based crypto will have a massive breakthrough sooner or later.

Frequently, Bitcoin is compared to the traditional stock market or the indices of the market, and investors often draw intersections before considering planning in either of the avenues. Moreover, it is observed that the stock market and Bitcoin are drawing correlation since the Pandemic outbreak, yet crypto is seen standing fair support. If we understand a practical approach of trading, which is nothing but buying and selling, similarly, trading in stocks or Bitcoin is nothing but a human activity. Trading in Bitcoin or stocks is in common parlance a human activity and cannot be dissociated based on trading factor but can be distinguished based on fundamentals.

Bitcoin Price Analysis

On the given hourly chart, BTC is seen rising from the recent bottom when the greatest cryptocurrency by market cap retested support below $9k. However, Bitcoin appears holding strict support at $8.9k and has rebounded twice in 10 days from the given support. At the press time, BTC was trading at 9,167.82 against the US Dollar and held no support from 50-day and 200-day MA over the past 7 days. After rebounding from the first fall, Bitcoin tested massive resistance around $9.8k but failed to hold a persistent bullish crossover and plummeted gradually.

Moreover, the alts have been maintaining an amazing momentum, and few amongst the top 50 coins of the market are seen hitting a fresh 52-week high. Bitcoin has remained uninfluential for altcoins like Chainlink, DigiByte, VeChain, Verge as they exhibit complete bullish crossover over the past 10 days now. The technicals of Bitcoin are holding a bearish crossover due to recent pullback that happened in the early hours of the trading session today, and the signal line crossed above the MACD line. The RSI of BTC is at 33.82 and is seen rising from the utter selling pressure below 30. The major support is $8.9k, and a further fall will confirm the bearishness and invite sell-off from intraday traders and a HODLing opportunity for long-term investors.

Article Produced By
Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

https://www.cryptonewsz.com/bitcoin-retests-support-below-9k/

Heiko Closhen, Entrepreneur

Kyber Network Unveils Kyber Community Pool KCP For Users

Kyber Network Unveils Kyber Community Pool (KCP) For Users

has announced the news about the launch of its highly anticipated delegation pool system, the Kyber Community Pool. The blockchain entity stated that KCP is not developed, maintained, or funded by the core team of Kyber Network. The entity received funding by initiating the idea for the pool in the second KyberDAO experiment case. The news was circulated in the media through an official post by the Kyber Network team on their Twitter portal. It read:

According to the blog post, the Kyber Community Pool is studded with a wide range of features that make it stand out from other platforms. The users can earn similar rewards as they would have earned if they would have cast the votes themselves. There is no hidden fee charge associated with the participation in the Kyber Community Pool. One of the most prominent features of KCP is that the network will always keep the community at the heart of the pool, which implies that the focus shall remain on community development. All the KNC token holders will be enriched with a sense of trust and assurance that their KNC is being employed in a community-driven manner that is beneficial and righteous. Another reward for the pool participants is that the system will give priority to the community thoughts when governing the protocol.

The users will be allowed to deposit their KNC assets into the pool, giving them full authority to the pool master to deal with them. All the funds shall be managed by Protofire’s smart contracts and audited by the Kyber Network and ChainSecurity. A share of fees generated on Kyber Network shall be awarded to the users in ETH tokens. One can store their rewards or redeem them regularly via a Web3 transaction on the main Kyber Community Pool website. The users can enter the amount they want to redeem and click the Redeem option. Kyber Network thrives to cater to its community’s requirements by giving them a voice to be heard by the community members. KCP will lay special emphasis on communication and getting the reviews of one and all regarding an active proposal in the discussion. This shall be executed by maintaining thorough contact with everyone through multiple social media platforms like Telegram, Reddit, Twitter, and Discord. The team will remain in constant contact with their users by conducting bi-weekly calls to them.

Article Produced By
David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies

https://www.cryptonewsz.com/kyber-network-unveils-kyber-community-pool/

Heiko Closhen, Entrepreneur

We’re Living in an Ethereum World

We’re Living in an Ethereum World

Wow! Look at it go! I’m talking, of course, about crypto’s ever-expanding market cap, touching US$800 billion as I write these words. Yes, that’s very close to a trillion bucks. And it’s still growing. At the start of the year (just over 5 days ago), we sat around US$670 billion, when seemingly out of nowhere, we all started watching the Ethereum (ETH) funds in our digital wallets expand in fiat value.

A World of Smart Contracts

As its market capitalization skyrockets – first to US$750, then to US$1,000 – Ethereum may not be finished yet. But ETH isn’t the only game in town. Altcoins utilizing the Ethereum blockchain, incorporating smart contracts into their peer-to-peer platforms, are also benefiting greatly from the influx of cash into our favorite exchanges. As an example, Ethlend (LEND), a little-known lending platform based on ETH and ERC20 tokens, has more than doubled in price with the new growth. The price of Tron (TRX), a planned digital media platform that will transfer user information across games, social media sites and even casinos, shot up from 5 cents to over 20 (quadrupling once again) in the initial stages of this new cash influx (yeah, I know, it’s fallen a bit since). But these aren’t the only examples. Go ahead and look at your own wallet(s) if you haven’t in the last week or so. You might be surprised at what you find. It seems it’s an Ethereum-based world we live in now, and this doesn’t look to be the regular pump-and-dump kind of action we came to expect from the half trillion-dollar market of yesteryear.

Predictability in the Market

Better still, the rise of all of our favorite altcoins (I’m thinking outside of the mainstream coins on Coinbase here) is happening on a somewhat predictable schedule associated with the slight dips we see in the price of Ethereum. In this new crypto-universe, it seems money no longer holds fast to Bitcoin’s (BTC) gravitational pull. Instead, after transferring Ethereum over to the exchanges, it is traded out to some degree for these smaller, lesser known coins. And why not? How many quadruplings, how many 1,000% gains, have to occur before we all realize where the real money is in the crypto space?

Bitcoin (BTC) is Still King

With great reward comes great risk, however. And as we dip our toes into the expanding options offered on these burgeoning exchanges (I’m looking at you, Binance), we should both fear and respect the influence of the king, Bitcoin. After all, with this much money in the market, there should be no doubt any longer that Bitcoin has survived the shock of winter and is coming right back to secure its place at the top of the heap (not that it ever lost its position). And when BTC rises, the influence of Ethereum is again lost (if only temporarily). And with Lite-speed (we see you, Litecoin), our gains from the day seemingly vanish as the masses clamor to secure their wealth in this awesome powerhouse of value. With that said, you’d better believe that Bitcoin is still very much king around here. It’s just not the only player in town anymore.

Conclusion

So whether you are an Ethereum or a Bitcoin believer, chances are that you will do well this year, as there just may be room for both with this brand new market cap. For Ethereum, the utility of the product and its derivatives are undeniable. The smart contract and its effects on all of our lives will no doubt be solidified and documented throughout the year(s). And as for Bitcoin, the ultimate storage for our coveted satoshi, we should probably all still pay homage when we’ve reached a comfortable level of gains in the alternative currency market (if we wish to keep them).

Article Produced By
Micah C. Miracle

https://themerkle.com/an-ethereum-eth-based-world/

Heiko Closhen, Entrepreneur

Ethereum Price Analysis for June 23th ETH May Go On Growing

Ethereum Price Analysis for June 23th – ETH May Go On Growing

if the current impulse preserves. On Tuesday, June 23rd, it is generally trading at 241.90 USD. On D1, ETH/USD is winding up a correction in an uptrend. The quotations keep trading near the lower border of the ascending channel. The price presently remains between 61.8% and 100.0% Fibo. The MACD remains above zero. Judging by all the factors, we may expect a minor correction to the lower border of the ascending channel and a bounce off it, after which the pair will go on growing. The aim of the growth remains at 265.00 USD. On H4, the pair is also correcting in an uptrend. The Stochastic has formed a Golden Cross, which may be an additional signal of a bounce off the lower border of the ascending channel. The growth is aiming at 265.00 USD. However, a deep correction to 220.00 USD is also possible.

The story with those huge commission fees paid by an ETH user would not end. It has become known that the Chinese mining pool F2Pool found a way to return 540,000 USD to the validator. On June 11th, the user transferred 753,000 ETH, for which they had to pay half a million dollars more as a commission fee. The next day, they got in touch with the mining pool and managed to confirm their personality. It turns out that the wallet of the client got attacked – this was the reason for the ridiculous fee. The initial address of the client is obviously controlled by the hackers, so the pool considered it unreasonable to send the money back there, so the commission fee was returned to a new address. Curiously enough, the user gave 10% of the sum to the pool as a thank you for cooperation. It is hard to ignore the fact that in the crypto world, huge commission fees are collected for minor sums more and more often. This signals that the weak points in the nodes and safety systems have become available to hackers.

Article Produced By
Dmitriy Gurkovskiy

Chief Analyst at RoboForex

https://themerkle.com/ethereum-price-analysis-for-june-23th-eth-may-go-on-growing/

Heiko Closhen, Entrepreneur

Why the Market Dominance of Binance is a Big Risk

Why the Market Dominance of Binance is a Big Risk

the ideals of this new generation of digital currencies were clear: empower individuals to manage their own finances without reliance on a centralized force. Despite these ideals, Binance has risen up to become the de facto emperor of the cryptocurrency industry with the power the sent the entire industry tumbling into a tailspin — should another Mt. Gox-esque breach occur again. 

The Binance Problem

Since Binance launched in 2017, its growth has been nothing short of meteoric, quickly rising to become the number one cryptocurrency spot exchange by trading volume. Binance took just months to secure its position as the largest and therefore most popular cryptocurrency spot exchange platform, and it can be argued that much of this success is a result of its rapidly-expanding feature set. After all, in the last year alone, Binance has introduced cryptocurrency derivatives, staking support, savings products, fiat gateways, and more, massively expanding on the initial offerings it launched with. Although this sounds appealing, it’s important to remember that Binance isn’t actually innovating in most cases, and is simply adding features that have already existed on separate dedicated platforms for quite some time. 

Because of this, while Binance can be considered a jack of all trades, it is also the master of none, since dedicated platforms frequently offer better service, improved security, and a more feature-complete solution compared to Binance. Still, Binance remains a rapidly growing entity, hoovering up users from other small platforms, while providing an arguably worse service in many cases. This rapid growth has led to a concerning stage of affairs, where a single platform controls or manages a large chunk of all cryptocurrencies in circulation — exactly the opposite of the decentralized maxims the industry was initially launched under. Cryptocurrencies are supposed to be about removing centralized failure points and empowering users to be their own bank, not handing over power to a select few industry titans.  

When One Hack Could Cripple the Industry

The risks posed by the over-aggregation of assets under a single platform was made clear back in May 2019, when an unknown attacker was able to exfiltrate $40 million worth of Bitcoin (BTC) from its hot wallet — equivalent to around 2% of its Bitcoin holdings at the time. Although Binance was able to cover the loss using its ‘SAFU’ fund, it never did reveal exactly how attackers were able to pull off the hack in the first place. This begs the obvious question — what would happen if Binance were to experience a more significant breach, potentially risking the billions of dollars in digital assets held in its coffers?

If the events that followed the infamous 2014 Mt. Gox hack are anything to go by, then such a breach would almost certainly send the entire cryptocurrency industry into an extended bear market, and could significantly hamper adoption for several years.This is particularly worrying when you consider that Binance isn’t regulated or licensed anywhere. This essentially means the platform is operating with little to no regulatory oversight, and may not be held accountable should another breach exhaust its SAFU fund and cripple the market.Upon entering the cryptocurrency space for the first time, Binance is inevitably one of the first names people come across, making it one of the first port-of-calls for many new investors. However, Binance is far from the only reputable name in the industry, while many of its smaller competitors boast features that even the juggernaut that is Binance still struggles to match.

For those looking for a regulated alternative, Bityard stands out as arguably the most impressive. The platform is one of the simplest cryptocurrency derivatives trading platforms, allowing users to trade with up to 100x leverage to multiply their profits, while its daily mining game adds an interesting incentive for new traders. Bityard is currently licensed in four jurisdictions and offers a full refund warranty for deposits — an extremely rare feature in the cryptocurrency exchange space. If absolute variety is your preference, then FTX might be more of what you are looking for. As a derivatives exchange, FTX allows users to trade a variety of cryptocurrency futures contracts, but its real stand out feature is its forex, stock index, and commodity contracts, which can be bought and settled in cryptocurrency. PrimeXBT’s ultra-fast turbo platform, StormGain’s 10% APR on deposits offer, and EXMO’s wide fiat support also stand out as promising features that are yet to be equaled by Binance, and are certainly worth a look. 

Article Produced By
JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

https://themerkle.com/why-the-market-dominance-of-binance-is-a-big-risk/

Heiko Closhen, Entrepreneur

How the machine for fakenews works

JUST FOR FUN

Why Did The Chicken Cross The Road?

DONALD TRUMP: I’ve been told by my many sources, good sources – they’re very good sources – that the chicken crossed the road. All the Fake News wants to do is write nasty things about the road, but it’s a really good road. It’s a beautiful road. Everyone knows how beautiful it is.

JOE BIDEN: Why did the chicken do the…thing in the…you know the rest.

SARAH PALIN: The chicken crossed the road because, gosh-darn it, he’s a maverick!

BARACK OBAMA: Let me be perfectly clear, if the chickens like their eggs they can keep their eggs. No chicken will be required to cross the road to surrender her eggs. Period.

AOC: Chickens should not be forced to lay eggs! This is because of corporate greed! Eggs should be able to lay themselves.

HILLARY CLINTON: What difference at this point does it make why the chicken crossed the road.

GEORGE W. BUSH: We don’t really care why the chicken crossed the road. We just want to know if the chicken is on our side of the road or not. The chicken is either with us or against us. There is no middle ground here.

DICK CHENEY: Where’s my gun?

BILL CLINTON: I did not cross the road with that chicken.

AL GORE: I invented the chicken.

JOHN KERRY: Although I voted to let the chicken cross the road, I am now against it! It was the wrong road to cross, and I was misled about the chicken’s intentions. I am not for it now, and will remain against it.

AL SHARPTON: Why are all the chickens white?

DR. PHIL: The problem we have here is that this chicken won’t realize that he must first deal with the problem on this side of the road before it goes after the problem on the other side of the road. What we need to do is help him realize how stupid he is acting by not taking on his current problems before adding any new problems.

ANDERSON COOPER: We have reason to believe there is a chicken, but we have not yet been allowed to have access to the other side of the road.

NANCY GRACE: That chicken crossed the road because he’s guilty! You can see it in his eyes and the way he walks.

PAT BUCHANAN: To steal the job of a decent, hardworking American.

DR SEUSS: Did the chicken cross the road? Did he cross it with a toad? Yes, the chicken crossed the road, but why it crossed I’ve not been told.

ERNEST HEMINGWAY: To die in the rain, alone.

GRANDPA: In my day we didn’t ask why the chicken crossed the road. Somebody told us the chicken crossed the road, and that was good enough for us.

ARISTOTLE: It is the nature of chickens to cross the road.

ALBERT EINSTEIN: Did the chicken really cross the road, or did the road move beneath the chicken?

COLONEL SANDERS: Did I miss one?

################################################## Register for free at Markethive, der Eco-Plattform mit bestem Alexa-Ranking:

Bot rentals in DASH and BCH are now available at deepTradeBot

Bot rentals in DASH and BCH are now available at deepTradeBot

deepTradeBot, a SaaS service for crypto traders, is proud to announce that two popular crypto currencies have became available at the platform. The traders are welcome to use them for refilling their platform balances and bot rental operations. The both payment options have appeared in the platform internal wallet and are ready to be used right now.Earn passive income with Quadency trading bot. Connect Binance account and use Quadency bot for 6 months completely free. Hurry up, this deal is not around for long!

The company CEO Jim Stokes comments it on: «The summer has come, but our team works hard and doesn’t plan to slow down. In the nearest future you will see much more useful and quality updates on the platform. Our goal is to keep the trading process simple, easy and quick, for our traders. We’re now working on improving the interface, and integration of new opportunities into our solution. I sincerely hope that after each new successful update traders like our product more and more. Thanks for choosing deepTradeBot and thanks for staying with us friends».

To integrate these new options deepTradeBot has acceded the requests of about 3300 of their active traders. On that occasion Jim Stokes says: «This time we didn’t focus on any targeted surveys or interviews of our clients. We have just received multiple requests to add new payment options during our support team’s communication with traders. But now we have came to a conclusion that we will make such surveys to give everybody a chance to express their opinions. Thus from today you can notice non-intrusive pop-ups with surveys on the platform. Our clients’ opinions are very important for us, so please tell us what you think – don’t hesitate to vote».

About deepTradeBot: deepTradeBot.com is a trading robot that makes profit from the margin of digital assets prices, on various trading platforms, making the maximum from the slightest changes in the world market. The platform provides their bot rental services to anyone interested.  Two new crypto currencies have been added as a payment options to deeptradeBot platform deepTradeBot, a SaaS service for crypto traders, is proud to announce that two popular crypto currencies have became available at the platform.

The traders are welcome to use them for refilling their platform balances and bot rental operations. The both payment options have appeared in the platform internal wallet and are ready to be used right now.Earn passive income with Quadency trading bot. Connect Binance account and use Quadency bot for 6 months completely free. Hurry up, this deal is not around for long!The company CEO Jim Stokes comments it on: «The summer has come, but our team works hard and doesn’t plan to slow down. In the nearest future you will see much more useful and quality updates on the platform. Our goal is to keep the trading process simple, easy and quick, for our traders. We’re now working on improving the interface, and integration of new opportunities into our solution. I sincerely hope that after each new successful update traders like our product more and more. Thanks for choosing deepTradeBot and thanks for staying with us friends». To integrate these new options deepTradeBot has acceded the requests of about 3300 of their active traders.

On that occasion Jim Stokes says: «This time we didn’t focus on any targeted surveys or interviews of our clients. We have just received multiple requests to add new payment options during our support team’s communication with traders. But now we have came to a conclusion that we will make such surveys to give everybody a chance to express their opinions. Thus from today you can notice non-intrusive pop-ups with surveys on the platform. Our clients’ opinions are very important for us, so please tell us what you think – don’t hesitate to vote». About deepTradeBot: deepTradeBot.com is a trading robot that makes profit from the margin of digital assets prices, on various trading platforms, making the maximum from the slightest changes in the world market. The platform provides their bot rental services to anyone interested.

Article Produced By
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

https://captainaltcoin.com/bot-rentals-in-dash-and-bch-are-now-available-at-deeptradebot/

Heiko Closhen, Entrepreneur

Will Chaos in US Surge Bitcoin above 10000 Again?

Will Chaos in U.S. Surge Bitcoin above $10,000 Again?


Since Floyd’s death on May 25 in Minneapolis, Minnesota, civil unrest has sprung up across the country.

Six states and 13 cities have declared states of emergency, and the National Guard has been called to help in 21 states and Washington, DC. We can say that the States is in the crisis now – on one hand, the Covid-19 in the U.S. has not yet thoroughly been in control; on the other hand, the massive protests over the death of George Floyd may lead to a potential influx of coronavirus cases, a new breakout may occur. And the U.S. economic recovery will be threatened again. 

Bitcoin is the Safe Haven Asset

During the civil unrest in the States and tensions between the U.S. and China, U.S. dollar price keeps a downtrend movement. And according to CBO’s saying that the U.S. will take about 10 years for economic recovery from the coronavirus crisis, Bitcoin’s status as a “Safe Haven assent” is consolidated, which can allow people to “opt-out” of the current, broken monetary system. At the press time, after failing to remain above $10,000, Bitcoin is trading around $9,550, up 0.80%. May marked the “highest monthly close on BTC in over 7 months.” So far, in 2020 BTC/USD is up 30.58% and nearly 50% in Q2 of 2020. And now Bitcoin volatiles between $9,500 – $9,600, which makes futures trading more profitable. 

How to Make Huge Profit When Bitcoin Price is Going Up

Earn passive income with Quadency trading bot. Connect Binance account and use Quadency bot for 6 months completely free. Hurry up, this deal is not around for long!Bexplus is a crypto trading platform focused on 100x crypto futures. Bexplus was established in late 2017 and registered in Saint Vincent and the Grenadines. Bexplus has offices in Singapore, Japan, the US and Brazil and is constantly expanding worldwide. Bexplus provides 100x leverage perpetual futures contracts on BTC, ETH, LTC, EOS and XRP. Traders are allowed to bet on market rising and falling. 

  • Fast Registration & no KYC

Bexplus allows you to register an account with email in 30 seconds, and NO KYC is required. You don’t have to worry about risking your personal information. 

  • Up to 10 BTC deposit bonus

Get 100% BTC bonus when finished deposit in Bexplus. Each user can get a maximum of 10 free BTC at one-time deposit. Deposit 10 BTC, you will get 20 BTC credited in your account. 

  • Trading Simulator for Beginners

To help beginners better get used to leveraged trading, Bexplus provides every user with a demo account upon registration. There are 10 replenishable BTC in the demo account for traders to practice as much as they like. 

  • Android & iOS Trading App

Bexplus full-featured app provides you with the same experience when trading in web. You can get 24/7 price alerts and get profits on the go. All data and assets can be accessed through all kinds of devices including Windows, Macbook, Android phones, iPhones, and tablets. Bexplus app is available on Apple App Store and Google Play.

Article Produced By
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

https://captainaltcoin.com/will-chaos-in-u-s-surge-bitcoin-above-10000-again/

Heiko Closhen, Entrepreneur

Bitcoin Formed a Recent Top? A New Bearish Trend is Coming

Bitcoin Formed a Recent Top? A New Bearish Trend is Coming!


After taking another failed run at $10,000 level, Bitcoin price has shed around 5% on Monday

– declining from $9,500 to as low as $8,900, which is the first time that BTC prices below $9,000 since late May. Some believed that the decline of bitcoin this time seems to a “bear trap”, while others think it will drop to retest the $7,000 level. Let’s take a look from the technical analysis aspect. 

Technical analysis signals a mid-term bearish movement

According to Justin Kwok, the analyst director from Bexplus exchange predicted that the bitcoin market has constituted a decisive top, a mid-term bearish run may kickstart. Bitcoin has continued trading around $9,400 overnight, struggling to garner any clear momentum as its buyers and sellers both reach an impasse. On the 4H chart, BTC price broke the lower band of the Bollinger Band. In addition, the bands separated, the uptrend movement might be ending and the volatility increases. Though bitcoin price pulled back soon after hitting the lower band, the Stoch RSI is about 85 which indicates an overbought state. It signals that a strong demand for lower low may exist. Therefore, in the short or mid-term, Bitcoin market may continue a bearish run.

Bitcoin Futures Trading – Earn Money during BTC Bear Market

Earn passive income with Quadency trading bot. Connect Binance account and use Quadency bot for 6 months completely free. Hurry up, this deal is not around for long!From the prediction above, we know that Bitcoin may start a downtrend movement for a period of time, investing funds in spot trade will only cause loss but nothing else. Bitcoin futures trading can help you make profits even in the market downturn and hedge loss in spot trades. Leverage trading is the key feature in Bitcoin futures trading, which is a tool that allows traders to take profitable advantages of small price movements and multiply gains.

In addition, futures trading enables traders to buy/long or sell/short, giving traders more chance to make money from the BTC market. Different exchanges provide different leverage ratio. The higher leveraged trading can lead to massive returns, but also to equally massive losses if you make wrong prediction on the market trend. 100x leveraged bitcoin futures trading is very popular among professional traders and whale investors. For instance, let’s say that you want to invest 1 BTC in btc futures contracts with 100x leverage and going short (i.e. when BTC drops from $9,400 to $9,000). 

In bitcoin futures trading:

You will gain 100 BTC * ($9,400 – $9,000) /$9,000= 4BTC (which is equals to $36,000).  In bitcoin spot trade, you will lose $400. Bexplus Exchange is one of the world-leading futures exchanges with no spread in cryptocurrency area. It provides Bitcoin, Ethereum and Litecoin perpetual contracts and more (buy up or sell- short anytime without expiration) with 100x leverage. Added 100x leverage, you can purchase 100 BTC contracts with only 1 BTC as margin. Stop-profit a stop-loss can also be set to lower the risks.

  1. Easy registration with email address. No KYC is required, keep your personal information private.
  2. 10 free BTC for trading simulation.  
  3. Up to 100x leverage. Gain 100% profit on 1% price movement. 
  4. Buy or sell perpetual contracts anytime you want. No expiration.
  5. Ultra-fast and simple withdrawal process.
  6. Cutting-edge security features including two-factor authentication, cold wallet and much more. 
  7. High liquidity. All orders will be executed immediately with low latency.

Deposit Activity to Earn 100% BTC Cashback

To deposit BTC in the Bexplus account, you can earn 100% BTC bonus, which can also be used to trade futures contracts. The more deposit, the more bonus you will get. You can get up to 10 BTC as a bonus! Enjoy an anonymous cryptocurrency betting & casino with 20+ cryptos available and get a generous Welcome Package up to 7 BTC! Use promo code CPTCN1X to get 125% on your first deposit!CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Article Produced By
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

https://captainaltcoin.com/bitcoin-formed-a-recent-top-a-new-bearish-trend-is-coming/

 

Heiko Closhen, Entrepreneur