Withdraw with etherchain

Matching bonuses are now visible ❤️✅

Please wait with withdrawl

Do not rush

We are still configuring the new sync mode system for withdrawal

We are configuring the amount of members synced

for large teams multiple withdrawal will be needed as forced sync was implemented to allowing syncing of match bonus

We will let everyone know what number to enter once configuration is complete, it will be universal for all.

Please do not TRY your self ❤️😁

ETHERCHAIN UPDATE 👀

Great news!! They may have a solution for the crazy gas fees 🧐

Plug into the 3:00pm EST ZOOM later today to get all the details…

👇

💥FINAL DECISION WITH THE ADVICE OF OUR DEVELOPERS💥

Good Morning/Afternoon/Evening EtherChainers all over the world 🌍

Beloved community, as all of you are aware, we successfully transitioned to a new contract and we can all see that the daily pool calculations are working perfectly and we have 4 new top sponsors receiving a nice reward everyday for their hardwork and efforts in building our community ❤️

However, one thing that keeps reoccurring and is a major issue for all (including myself) are the huge gas fees being implemented by both wallet providers and miners.

Also, another unfortunate reoccurring issue is that transactions are failing as a result of the gas fee issue when members attempt to deposit or withdraw funds – in almost all instances, the gas fee is taken and the member ends up losing ETH.

The above two issues are unacceptable and cannot continue.

Therefore, we are going to take all necessary steps to fix these issues once and for all.

I would like to share with you the reason and solution for the above issues as explained by our developers.

Reason:
There are huge amounts of continuous calculations taking place in the contract, this is due to the matching bonuses being paid to uplines every time a member receives their daily 1%

Solution:
Eliminate the issue and reduce the gas fees to the normal standard by changing the code connected to the matching bonuses as follows:

Current code:
Matching bonuses are paid to uplines every time a member receives their daily 1%

New code:
Matching bonuses will be paid to uplines every time a member withdraws their daily 1%

To implement the above change, we will need to go into maintenance mode for a few hours – we will announce the scheduled time so all are prepared.

NOTE: Implementation of the above change will significantly reduce the gas fees and eliminate all erroneous transactions, thereby protecting members from losing their Ethereum.

Until the transition starts and is completed, please wait with deposits and withdrawals if you have already received an error 🙏

P2P Trading Platform CryptoLocally Will Support USDJ and JST

P2P Trading Platform CryptoLocally Will Support USDJ and JST


The TRON Foundation has recently announced the launch of its first decentralized finance (DeFi) project called JUST.

It’s essentially a decentralized stablecoin lending platform. TRX holders will be able to participate and govern the issuance of a new stablecoin called USDJ, the value of which will be pegged to the US Dollar 1:1. JUST (JST), on the other hand, is the protocol and the governance token of the JUST Network. Those who hold JST will be able to vote on the issues which are associated with the operation of the issuance platform. USDJ is issued through a decentralized lending platform, and it’s intended to created collateralized debt positions that are backed by cryptocurrencies. It’s part of a supposedly growing category of digital assets that are specifically intended to counter the risk of volatility that’s associated with most of the cryptocurrencies. It’s also the very first natively developed stablecoin on the TRON network, and it’s reportedly a lot more compatible with daily transactions.

Despite being relatively new, the two tokens have already been listed for trading on some of the well-known cryptocurrency exchanges. Poloniex is one of them, but more recently, so did the popular peer-to-peer trading platform CryptoLocally. This signals for further expansion of its efforts into the ecosystem of TRON. As it shifted towards a multichain peer-to-peer trading platform, CryptoLocally previously added the TRON-based USDT and TRX. It’s also worth noting that the platform is non-custodial, meaning its operators are not able to touch the customer’s funds. All of the transactions that are facilitated by CryptoLocally are reportedly protected by a smart contract escrow service. It’s intended to shield both the buyer and the seller throughout the entire transactional process. It offers a combination of comprehensive payment options and an easy-to-use trading platform, making it a relatively convenient way to transact with USDJ and JST.

About CryptoLocally

CryptoLocally is a peer-to-peer cryptocurrency trading platform. It offers a wide range of different payment options. The platform is straightforward to use, and it operates with a lot of different fiat currencies.

Article Produced By
George Georgiev

Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over two years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping.

https://cryptopotato.com/p2p-trading-platform-cryptolocally-will-support-usdj-and-jst/

Heiko Closhen, Entrepreneur

Bitcoin Price Analysis: Decision Time Facing Now Huge Resistance Area Hidden Divergence?

Bitcoin Price Analysis: Decision Time Facing Now Huge Resistance Area – Hidden Divergence?

trading area that followed its price action for quite some time. Bitcoin is known for its volatility and does not tend to stay at one place for long, or trade at a tight range of 3-4% for days already. As we can see on the following 4-hour chart, the Bitcoin price is forming a giant symmetrical triangle for almost a month. This triangle apex is expected sometime in the next week; however, a breakout can occur at any time, usually before the apex itself. Anyways, a decision has soon to be made, also judging by the declining amount of trading volume.

What’s Next?

Symmetrical triangles have chances to break either way. However, we need to keep in mind that Bitcoin is now facing the top angle of the triangle as resistance, along with the $9400 mark, which had been a tough resistance for Bitcoin over the past week. Looking at the 4-hour RSI, we can identify a hidden bearish divergence, whereas the price is going through lower highs while the RSI indicator is going through higher highs. This might indicate on an upcoming bearish move. Another thing to keep in mind is the correlation between the Bitcoin price and the markets. Bitcoin might be waiting to see how Wall Street futures would open (Sunday afternoon U.S. time) and act accordingly.

Key Support and Resistance Levels

As mentioned above, the first significant resistance now lies at $9400, along with the triangles upper trend-line (marked blue on the 4-hour chart) and the 50-days moving average line (the pink line). In case of a breakout, we can expect Bitcoin to reach $9500 – $9600 quickly. Further above lies the daily chart’s yellow descending trend-line, currently around $9800. From below, the first significant support level is $9200, followed by $9130 and $9000. Further below lies the $8900 – $9000 area, which is also this week’s low. Total Market Cap: $265.8 billion, Bitcoin Market Cap: $172 billion, BTC Dominance Index: 64.8%, *Data by CoinGecko

Article Produced By
Yuval Gov

Yuval Gov has over 15 years of trading experience in the stock exchange, graduated from TAU – Economics and Management. Fell in love with the crypto space. Does Crossfit to get away from FOMO.

https://cryptopotato.com/bitcoin-price-analysis-decision-time-facing-now-huge-resistance-area-hidden-divergence/

Heiko Closhen, Entrepreneur

What are Bitcoin and Crypto Futures? Guide For Beginners

What are Bitcoin and Crypto Futures? Guide For Beginners

What Are Bitcoin & Crypto Futures?

Crypto futures are a way to trade the future price action for crypto assets. Bitcoin futures are the most common crypto futures, hitting the mainstream financial world around this time last year. The Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE) listed cash-settled Bitcoin futures trading products in December last year. Cash-settled means these futures are not backed by actual Bitcoin. When the futures contracts expire, the value is paid out to the trader in cash instead of Bitcoin.

Online broker Trade Station explained futures contracts in a simple fashion. They are “an agreement to make or take a delivery of a commodity or financial instrument at a fixed date in, you guessed it, the future.” Each futures contract contains a specified amount of the traded product. In the example of CBOE Bitcoin futures, each futures contract contains one Bitcoin and is settled based on the Gemini crypto exchange auction price for Bitcoin. These futures contracts (in this case, Bitcoin) can be bought or sold at will by the trader at any point within the contract time frame, as market supply and demand dictate the price of the contract and the underlying asset (Bitcoin). So as a trader or market price speculator, futures allow you “to take futures positions, along with their risk and opportunities, without ever having to take delivery of the underlying asset,” as explained by Trade Station.

How Does Futures Trading  Work?

On the CME or CBOE, traders can earn or lose money speculating on the price of Bitcoin, without actually buying or holding the underlying asset.

Buying Bitcoin Futures (also called “going long” or “longing”)

A significant portion of futures trading involves trading these contracts multiple times between contract open and contract expiration. Trading Bitcoin futures often involves constantly adapting to changing market sentiment, buying and selling contracts based on Bitcoin’s spot price accordingly. For example, say a trader named Dave decided to trade those Bitcoin monthly futures several times during a November 1st – December 1st contract period (fictional for this example). Dave could essentially buy into a Bitcoin futures contract position at any point in this time period at market price (Bitcoin’s price at the time of purchase) and then sell at any point before the December 1st expiration, seeing either profit or loss based on Bitcoin’s spot price. Dave would be paid out in cash depending on the profit or loss outcome.

A specific example of a trade Dave could take, could see him buying a Bitcoin futures contract at $3,100 on November 8th, and then selling on November 10th for $3,200 (if Bitcoin’s spot price rose that much in that time period), seeing a $100 profit, paid out in cash. Although if the price instead went from $3,100 to $2,900, and Dave sold the contract at $2,900, he would only receive a payment of $2,900 back, seeing a loss of $200.

Selling Bitcoin Futures (also called “going short” or “shorting”)

Dave also has the option to short-sell Bitcoin futures. This basically means betting that Bitcoin will fall in price in the future. When Dave short-sells a Bitcoin futures contract, it means that he borrows one Bitcoin futures contract from someone else on the exchange and sells it, hoping to buy the contract back at a lower price and keep the price difference. This is done by the exchange, so traders do not have to individually seek out contracts to borrow and then give back later.

For example, if Bitcoin’s spot price is at $3,000 on November 3rd and Dave thinks it will fall to $2,000 by November 18th, then he would sell a Bitcoin futures short contract utilizing CME or CBOE exchange features. If Dave sold one Bitcoin futures contract short at $3,000 on November 3rd, and the price fell to $2,000 on November 18th, he would buy the contract back and receive a cash payout of $4,000 (his initial $3,000 plus a $1,000 profit). In the same short trade example, once Dave entered his short position at $3,000, he would be able to close that position at any point, up until the December 1st expiration. So if Dave sold one short contract at $3,000 on November 3rd, and Bitcoin’s spot price dropped to $1,500 on November 8th, Dave could buy that contract position back at his discretion, thus ending the trade and taking home a profit of $1,500. On the other hand, if Bitcoin’s spot price rose to $4,500, and Dave chose to end the trade, he would terminate the contract and take a loss of $1,500.

What is Contract Expiration and Settlement?

Contract Expiration is the date at which futures contracts expire and end trading activity. “Prior to the expiration date, traders have a number of options to either close out or extend their open positions without holding the trade to expiration, but some traders will choose to hold the contract and go to settlement,” explained CME Group on their website. Contract settlement also occurs on a specified date. CME Group explained settlement as “the fulfillment of the legal delivery obligations associated with the original contract.” Therefore, on the specified date, the amount of the underlying asset would be given to the holder of the contract, at the market price at the time of settlement. Since CME and CBOE Bitcoin futures are cash-settled, the contract holder would receive the fiat (USD, etc.) value of the contract’s price at the time of settlement. For further info: CME Bitcoin futures settlement dates.

Do future settlements have an effect on Bitcoin’s price?

Futures of the global stock exchanges, such as NASDAQ, do have effects on the markets. Hence, it’s widespread to think that CME and CBOE Bitcoin futures carry the same impact on Bitcoin’s price. This is sometimes true. Looking at the Bitcoin’s chart, compared with the futures settlement dates, often there was a price action which is likely to be ahead of the settlement event, but as you will see, not always there’s such action. The following chart shows Bitcoin’s price ahead of the June 29 (2018) CME six-month Bitcoin futures settlement.  We can also see Bitcoin’s price action during the most recent futures settlement on December 28, 2018:Unlike June and December settlement, the futures settled in September 2018 had shown minor Bitcoin fluctuations. To summarize the effects, despite that this could also be only a coincidence, we can assume in a high-probability that the CME and CBOE future settlements do affect the Bitcoin’s price.

BitMEX Bitcoin & Altcoins Future Contracts

Unlike CBOE and CME, BitMEX futures are crypto settled, meaning the underlying crypto asset is delivered upon contract settlement. BitMEX recently announced the addition of several new crypto futures contract listings, paired with Bitcoin. “On 17th December 2018, the March 2019 quarterly ADA (Cardano), BCH (Bitcoin Cash), EOS (EOS), ETH (Ethereum), LTC (Litecoin), TRX (Tron), and XRP (Ripple) futures contracts will be listed,” BitMEX stated in a recent blog post. Since these contracts are paired with Bitcoin, their value is evaluated in terms of their Bitcoin value. Contract sizes for these new contracts are one coin of the specified asset (1 ADA, 1 EOS, etc.). For example, one EOS token would roughly equate to 0.000685 BTC (value at press time). The mentioned futures contracts speculate on the Bitcoin value these new assets will hold at the time of quarterly expiration.

BitMEX Bitcoin Perpetual Futures

BitMEX is famous for these perpetual contracts. Each contract equals $1 USD, with no settlement or expiration date. With these perpetual swap contracts, traders can trade in and out of positions as many times as they see fit, without having to take note of expiration dates as is the case with the CME and CBOE. BitMEX allows its traders to leverage up to 1:100. For more info, visit CryptoPotato’s BitMEX guide for beginners and advanced guide.

However, these perpetual futures contracts do have something called funding, which occurs every eight hours and can impact profit or loss. “You will only pay or receive funding if you hold a position at one of these times. If you close your position prior to the funding exchange then you will not pay or receive funding,” BitMEX explained on their site. Put simply; funding is comprised of an interest rate and a premium or discount. “This rate aims to keep the traded price of the perpetual contract in line with the underlying reference price. In this way, the contract mimics how margin-trading markets work as buyers and sellers of the contract exchange interest payments periodically.”

Bitcoin & Crypto Trading Futures: Pros and Cons

Pros

– The option to bet against the market: Futures are both ways. Hence, you can short against your favorite cryptocurrencies.
– Leveraged Trading: Futures allow you to leverage your capital. This can also be another advantage for crypto-based exchanges because there is always a risk in holding crypto on exchanges (for security reasons).
– Hedging: From the above reasons, trading futures is an excellent method for hedging any portfolio. Instead of selling your BTC, you can buy some short futures to hedge your portfolio during a bear market such as the one we had in 2018.

Cons

– High Risk: Futures are considered the highest risk trading instruments. Pay attention to the liquidation price that the amount of collateral allows you.
– Squeezes can kill: Sudden unexpected short or long squeezes can turn a profitable position into a bloody loss at once. In crypto squeezes and manipulations are part of the game.
– High volatility: On one hand volatility is Heaven for traders; on the other hand, volatility sometimes makes it hard to determine the market sentiment.
– Fees: Borrowing money is never free, sometimes the fees are costly. Fees differ by exchange.

Article Produced By
Benjamin BJ Pirus

BJ is a full time writer, editor, and trader in the cryptocurrency space. He has written countless professional articles for numerous news sites such as Forbes, and other interested parties in the crypto space. He is also a trader, staying up to date with the crypto markets constantly, and dabbling in traditional financial market trading occasionally.

https://cryptopotato.com/what-are-bitcoin-and-crypto-futures-guide-for-beginners/

Heiko Closhen, Entrepreneur

Bitcoin Realized Cap Hits New All-Time High What This Means For BTC Price

Bitcoin Realized Cap Hits New All-Time High — What This Means For BTC Price


Bitcoin has just recorded the highest realized cap since the March 12 market crash.

This is according to on-chain data from the data analysis platform Glassnode. The current realized cap stands at $106.63 billion, slightly higher than it was just before the market crash. This is further confirmation of Bitcoin’s recovery from the March crash which affected its price significantly. A recent Coinmetrics report shows that Bitcoin has shown impressive recovery since then and the same pattern has been observed on the Ethereum network. On 1 June, Bitcoin’s market capitalization returned to over $187 billion which was just below the February high before the crash. Bitcoin’s realized cap which is the value of all coins at the price they last transacted on-chain is another indication of this recovery. That it is reaching a new all-time high now means more money has been flowing into the asset, and that people are developing more interest in it as an investment option, according to Marty Bent’s newsletter in February when the realized cap was at an all-time high.

What this means for price

The realized cap has just reached a new all-time high, the market cap has also shown major recovery from the effect of the crash, but how does this affect the price of the asset? There is no clear correlation between price and a rising realized cap. However, Bitcoin realized cap saw a massive increase between mid-2017 and early 2018. This coincided with the biggest bull market in the history of the asset.While it is not clear where the price will go following this new all-time high realized cap, there have been predictions that Bitcoin is likely to go higher in the coming weeks as money continues to flow into it as indicated by the realized cap. The asset is currently trading at $9,384 after dropping from over $9,500. It has however managed to sustain the $9,000 price level for some time now although it has not been able to stick above $10,000.

Article Produced By
Ponvang Bulus

Ponvang is a cryptocurrency enthusiast, investor and writer. He's particularly interested in trending issues in the crypto space both technical and financial and loves to write about same.

https://zycrypto.com/bitcoin-realized-cap-hits-new-all-time-high-what-this-means-for-btc-price/

Heiko Closhen, Entrepreneur

As the Stock Market Runs Out Of Steam Is Bitcoin At Risk Of Seeing Major Downside?

As the Stock Market Runs Out Of Steam, Is Bitcoin At Risk Of Seeing Major Downside?


No one likes to think that Bitcoin and the crypto market are related to the global stock market

but reality seems to be different. When the pandemic was in full force around March, the entire global stock market plummeted and Bitcoin wasn’t different. The correlation between the global stock market and Bitcoin was apparent. Since then, things have cooled off significantly and the correlation was a bit tottering. Bitcoin managed to fully recover and even hit $10,000 again while the S&P 500 didn’t. Unfortunately, now when new fears about a second wave pandemic are resurfacing, Bitcoin correlation to the stock market is coming back. 

In the last week alone, Bitcoin has practically mimicked the action of the S&P 500 with some delay. There was a significant bounce on June 15 thanks to the Federal Reserve coming up with more stimulus to help the economy. The Fed buying individual corporate bonds shouldn’t really affect Bitcoin at all, in fact, the COVID-19 or any crisis for that matter shouldn’t have anything to do with cryptocurrencies. It’s tough to suggest Bitcoin as a safe haven when its price drops 50% in 24 hours. It’s true that it recovered but what if you need your repositories in the short-term?

Will Bitcoin Continue To Be Affected By Other Markets?

Bitcoin was intended to become a global currency but the amount of volatility and low liquidity is making that task almost impossible. It’s no surprise that Bitcoin is correlated with the stock market and other markets. Many investors are holding Bitcoin for the short-term to make quick gains, many are using it as a speculative asset and when there is global economic uncertainty, people want to cash out as quickly as possible.  Until Bitcoin is run by market-makers and has a lot more liquidity, short-term explosive moves will continue to happen. Are fundamental metrics great for Bitcoin right now? Yes, but that doesn’t stop a single whale from dumping his Bitcoins and crashing the entire market. The forex market has around $5.1 trillion in volume per day, an enormous number compared to $70 billion per day of the entire crypto market.

Article Produced By
Erie Maxwell

Erie is the lead editor at ZyCrypto and a highly prolific content producer with a focus on researching cryptocurrencies and has been engaged in the world of digital assets since 2015. C

https://zycrypto.com/as-the-stock-market-runs-out-of-steam-is-bitcoin-at-risk-of-seeing-major-downside/

Heiko Closhen, Entrepreneur

Contentions Erupt After New York Fed Classifies Bitcoin As Just Another Example Of Fiat Money’

Contentions Erupt After New York Fed Classifies Bitcoin As ‘Just Another Example Of Fiat Money’


Economists at the New York Federal reserve believe that bitcoin,

the decentralized, peer-to-peer virtual currency that was created by a pseudonymous software developer around 11 years ago, is “just another example of fiat money”. In other words, the Fed economists don’t think bitcoin is particularly a new asset class. As expected, this categorization of bitcoin as fiat money has not been received well by the crypto community.

Bitcoin Is Just Like Fiat, Not A New Kind Of Money: New York Fed Economists

Michael Lee, an economist in the Federal Reserve Bank of New York’s Research and Statistics Group, and Antoine Martin who is the senior vice president in the Bank’s Research and Statistics Group, co-authored a blog post on June 18, entitled “Bitcoin Is Not a New Type of Money”. The two break down money into three different categories: fiat, asset-backed, and claim-backed. They defined fiat money as “intrinsically worthless objects that have value based on the belief that they will be accepted in exchange for valued goods and services”, citing examples like the archaic Rai Stones and Ithaca HOURs. Surprisingly, Lee and Martin go on to declare that bitcoin, – which the Commodities Futures Trading Commission (CFTC) has previously cleared as a commodity – is yet another form of fiat.

So, What Is New About Bitcoin?

According to Lee and Martin, the only thing that is new about bitcoin is its exchange mechanism. They note that electronic payments existed way before 2009, but bitcoin brought about a new system that made electronic transfers possible without third parties. This, according to these economists, is a “radically new” innovation introduced by bitcoin.

They also point out that this exchange mechanism allows the transfer of various types of money like stablecoins, initial coin offerings (ICOs), and even CryptoKitties. As such, “it is more accurate to think of Bitcoin as a new type of exchange mechanism that can support the transfer of monies as well as other things,” they posited. The authors concluded that it is vital to identify what new feature has been introduced by bitcoin for historical purposes: “Why should we care? History provides lessons about what makes a good money as well as what makes a good transfer mechanism. These lessons could help cryptocurrencies evolve in a way that makes them more useful. But to know which lessons are relevant, it is important to be clear about what is new about Bitcoin.”

Bitcoin Community Strikes Back At Fed’s Misclassification

Bitcoin enthusiasts were quick to rebut this report by the New York Federal Reserve. Castle Island Ventures partner Nic Carter argued that the Fed’s “level of ignorance, misclassification, and abuse of language” is simply “insane”. He explained that fiat comes from the Latin word “decree” which means that the value of fiat money is based on the rules issued by a governing body – and this is definitely not the case with the OG cryptocurrency. Popular bitcoin analyst Ivan on Tech also commented on the statement by New York Fed economists,

quipping:

“FED just classified bitcoin as ‘fiat’ […] This incompetence should be frightening to everyone!!”

Dan Held, who is part of the business development team at Kraken exchange,

simply noted:

“‘War is peace.
Freedom is slavery.
Ignorance is strength.’
The Fed is using classic 1984-esque doublespeak.”

 

Article Produced By
Brenda Ngari

Brenda is a crypto and Blockchain enthusiast and has been crafting articles for at least a year. She has a solid background in Economics and Finance. When she is not writing crypto stories, she’s spending quality time with her family and friends or trying out different cuisines in the kitchen.

https://zycrypto.com/contentions-erupt-after-new-york-fed-classifies-bitcoin-as-just-another-example-of-fiat-money/

Heiko Closhen, Entrepreneur

Crypto Exchange Elquirex Offers Loan Services Digital Wallet and Investment Plans

Crypto Exchange Elquirex Offers Loan Services, Digital Wallet, and Investment Plans


The exponentially growing popularity of cryptocurrencies has led to an unprecedented rise in the number of crypto exchange platforms.

Today, there’s no dearth of options when it comes to finding exchanges where users can trade and store popular cryptocurrencies such as Bitcoin (BTC), and Ether (ETH), among others. However, the rapidly congesting crypto exchange space might leave interested users in a state of confusion as to what exchange might best suit their needs.Elquirex, a trusted multi-functional cryptocurrency platform promises to help users participate easily in the budding cryptocurrency industry by providing a wide array of crypto products, including exchange services, a crypto loan system, investment services, and a secure crypto wallet.

A User-Friendly Crypto Exchange

Elquirex is a 24/7/365 operational legally registered cryptocurrency exchange that offers users unparalleled security and lightning-fast transactions for their digital assets. Elquirex operates its business in compliance with international law and has obtained official permission to conduct financial activities. The exchange has a dedicated internal legal department that supervises each monetary transaction executed on the platform. Elquirex enables users to trade some of the most prominent cryptocurrencies including Bitcoin, Ether, Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Monero (XMR), and EOS, with support for several more digital assets slated to be introduced in 2020-2021.

Elquirex gives utmost importance to user privacy which reflects in the fact that users are not required to register with the exchange to transact their digital assets. That’s true. Users are only required to enter the wallet address of the pertinent cryptocurrency to send or receive digital assets, and their email address. The transaction is settled within a few minutes depending on the network bandwidth of the cryptocurrency being transacted. For this, the exchange charges a nominal 5% fee of the total amount plus network fees. The simplistic approach to crypto trading makes Elquirex the inarguable go-to platform for traders who are relatively new to the notoriously complex cryptocurrency industry.

Offering a Slew of Attractive Products

A mark of a reputable crypto exchange is the breadth of its service catalog. In this regard, Elquirex — just like other major exchanges like Coinbase and Exodus – offers a wide range of peripheral offerings in addition to its crypto exchange services. Below are some of the prominent services being provided Elquirex.

Elquirex Loan System

Elquirex makes the process of obtaining crypto-backed loans a breezy affair. Through the platform, users can secure loans as per their requirements without having to share personal information nor going through preliminary verification of credit history. The process of obtaining loans through Elquirex involves no third-party participation from entities like banks and other financial institutions. The company provides loans to users based on the current market value of their cryptocurrency savings. The digital assets held by users function as the collateral for the loan disbursed by Elquirex. The loan amount can be returned to the platform at any time convenient to the user, i.e., the firm offers unlimited loan term with minimal interest charges. Post complete repayment of the loan, the user’s funds will be transferred to them in full. The company offers loans worth 60% of the collateral amount offered by the user. The minimum loan amount that can be availed is $100 in the form of any of the Top-5 cryptocurrencies. Users can rest assured about their collateral while they use their loan amount, as Elquirex keeps all user funds in secure cold storage.

Elquirex Crypto Wallet

Elquirex places the security of its users’ crypto funds high up in its priority list. The exchange provides a multi-currency crypto wallet that not only securely stores users’ digital assets but also generates passive income. Users can register their personal wallet through a simple registration process that merely takes a few minutes. Once the user email is confirmed, they can start using the robust Elquirex crypto wallet. By using the Elquirex cryptocurrency wallet, users can easily perform financial transactions with minimal commissions. The wallet provides cutting-edge security for crypto funds and complete anonymity to the users. What’s more, users can also witness their savings grow just by storing them in the Elquirex wallet. All funds stored in the wallet appreciate by a particular percentage each day. The percentage of earning will vary depending on the volatility of different crypto assets. The wallet currently supports some of the most widely traded cryptocurrencies, including BTC, ETH, LTC, and XRP, with plans to introduce support for other Top-20 cryptocurrencies during 2020-2021.

Elquirex Investment Plan

What’s better than HODLing cryptocurrencies for their tremendous upside potential? Investing them to receive fixed passive income. Elquirex makes this possible its users by offering them the option to invest their crypto assets to generate healthy passive income. Users can choose to invest in the platform via their Elquirex multicurrency wallet. This way, they can ensure that their capital doesn’t lay idle and grows simultaneously with the Elquirex ecosystem. Each cryptocurrency on the platform has its own investment plan. The team at Elquirex invests a significant part of the profit it earns from currency exchange and lending services for the development and promotion of the company.

The Road Ahead

Elquirex has cemented itself as a reputable and trustful cryptocurrency exchange within a short period of time. Crypto exchanges like Elquirex, Coinbase, Luno, Changelly, Binance, and Bitfinex, are all competing fiercely to gain the trust of the users. Elquirex trumps its competition in terms of the sheer breadth of the services it offers to its users, ranging from functioning as an exchange, providing investment plans, a safe cryptocurrency wallet, and an innovative loan system. The Elquirex ecosystem continues to grow at a rapid pace, in line with its elaborate roadmap, that, in the near-term, plans to introduce a loyalty program for the platform’s users. The firm’s long-term road-map includes smart contracts development, tokenization of the platform, and launching a decentralized exchange (DEX) to support the ethos of blockchain technology, among other major developments.Similar to Coinbase and Waves wallet, Elquirex will offer its users an additional bonus for bringing new users to its ecosystem, and consequently, aiding in its growth. The platform’s innovative approach to cryptocurrency wallet which offers a growing balance to its users is a testimony to the team’s out-of-the-box approach to helping its community expand along with it. Become a part of the Elquirex community today to enjoy the benefits of a plethora of products and services the platform has in store for you.

Article Produced By
Guest Post

https://btcmanager.com/crypto-exchange-elquirex-loan-services-digital-wallet-investment/?q=/crypto-exchange-elquirex-loan-services-digital-wallet-investment/&

Heiko Closhen, Entrepreneur

The Chainsmokers-backed Bitcoin Wallet Goes into Play for Everyday Crypto Investors

“The Chainsmokers”-backed Bitcoin Wallet Goes into Play for Everyday Crypto Investors


Casa, the VC-backed firm focused on increasing privacy for Bitcoin storage, launched its wallet product on June 15. 

Increasing Bitcoin Adoption

Casa Wallet is different than the firm’s institutional storage product, one that uses a complex mechanism to ensure large amounts for BTC are stored on a multi-signature, “premium” subscription service. Unlike its premium offering, the new Wallet is a free-for-all and features ease-of-access to ensue the everyday, the casual user is not intimidated by complex crypto wallets. The product comes just weeks after Mantis VC, the investment arm of the internationally-acclaimed electronic act The Chainsmokers said it was investing in Casa. Micheal Haley of Casa said the Wallet’s development began in 2018, after premium clients began asked the firm for a wallet product they’d feel comfortable recommending to their family and friends.”

Haley, via a blog post, added:

“We realized there wasn’t an option on the market as easy as a custodial wallet, but which stayed true to the Bitcoin values of giving you full control and sovereignty over your money. So we decided to build one right inside our Keymaster app.”

Casa Features 101

Features of the wallet include a default seedless setup, meaning that the application automatically creates a private key on a user’s phone and backs up the data to both Casa servers and the phone’s native cloud service – Apple or Google. A so-termed “Health Check” feature is in place to ensure all Bitcoin keys are functional and up-to-date. No transaction is required for this feature – it is off-chain and automatic. Users have no upper limit on the amount of Bitcoin they can store. However, Casa says higher amounts and long-term holdings must require added security features and implementations, with the firm recommending its premium product for such use. 

That said, the free Wallet product is fully safe to use, with Casa intending to add further features in the coming months, as well as additional security tips for newcomers. The product is a step towards the firm’s ethos of giving users privacy-first options to store Bitcoin. Last week, Casa co-founder and Chief Technical Officer Jameson Lopp condemned reports that U.S. crypto-exchange Coinbase was selling analytics software to the United States Drug Enforcement Agency (DEA) and Internal Revenue Service (IRS). Meanwhile, celebrities are seemingly jumping on the Bitcoin bandwagon. BTCManager reported last month Coldplay bassist Guy Berryman funded Zumo, an Edinburg-based Bitcoin (BTC) trading platform.

Article Produced By
Shaurya Malwa

https://btcmanager.com/chainsmokers-bitcoin-wallet-everyday-crypto-investors/?q=/chainsmokers-bitcoin-wallet-everyday-crypto-investors/&

Heiko Closhen, Entrepreneur

Chainalysis Study Finds Roughly 35 Million Bitcoin Moves Frequently Between Exchanges for Trading

Chainalysis Study Finds Roughly 3.5 Million Bitcoin Moves Frequently Between Exchanges for Trading


A new report by blockchain analysis firm Chainalysis posits that only about 19% of all mined Bitcoin (BTC) – approximately 3.5 million BTC – moves frequently between crypto exchanges that is used for trading.

Bitcoin Investors Eyeing Long-Term Gains

Blockchain analysis company Chainalysis recently published a report that explores the implications of the movement of mined BTC to date. To date, a total of 18.6 million Bitcoin has been mined which can be segregated into three broad buckets. According to the report, close to 60% of the mined Bitcoin is held by crypto entities – including retail and institutional investors. Interestingly, these HODLers have never sold more than a quarter of BTC they’ve received, signaling the sentiment that they hold a long-term investment outlook toward Bitcoin. This finding corroborates an earlier study by Binance which hinted that major Wall Street players are invested in digital assets in the long run.Another 20% of BTC hasn’t moved from its current wallet addresses for five years or longer. The report dubs this Bitcoin as “lost Bitcoin.” Similarly, the remaining 3.5 million Bitcoin is the amount of BTC that frequently changes its address between crypto exchanges. Chainalysis dubs this Bitcoin as BTC used for trading.

Delving deeper into the question of what investors are primarily responsible for constantly moving the 3.5 Bitcoin between exchanges, Chainalysis found that a maximum of 340,000 investors are active Bitcoin traders on a weekly basis. Further breaking down these active Bitcoin traders between retail and institutional investors, Chainalysis found that the former form a clear majority. The report defines retail traders as traders who deposit less than $10,000 worth of BTC on exchanges at a time. According to the study, close to 96% of all transfers sent to exchanges on an average weekly basis can be attributed to retail investors. However, the liquidity of the crypto market is largely maintained by institutional investors, responsible for close to 85% of all the USD value of BTC sent to exchanges. The study also holds these professional investors responsible for the dramatic decline in the price of Bitcoin in March 2020 ahead of the COVID-19 pandemic in North America. Interestingly enough, however, professional traders pale in comparison to retail investors in terms of numbers.

Few Exchanges Dominate Bitcoin Liquidity

According to the report, the four largest crypto exchanges since 2018 – Binance, Huobi, Coinbase, and Bitfinex – stocked in close to 40% of all Bitcoin received by exchanges in 2020. The next ten largest exchanges took in about 36% of Bitcoin while the remaining hundreds of exchanges shared the remaining 24% of Bitcoin among them. Going into the finer details of exchange activity, the study found that among the three types of exchanges: crypto-to-crypto (C2C), crypto-to-fiat (C2F), and fiat-to-crypto (F2C) exchanges, C2C exchanges contributed the largest chunk of activity at 42% of all Bitcoin flowing between exchanges. Notably, C2C exchanges made up just 18% of the Bitcoin transfer activity. In related news, Fidelity Investments recently found that almost 33% of institutional investors hold crypto assets including Bitcoin, and Ether (ETH).

Article Produced By
BTCMANAGER
Ash T

https://btcmanager.com/chainalysis-study-3-5-million-bitcoin-exchanges-trading/?q=/chainalysis-study-3-5-million-bitcoin-exchanges-trading/&

Heiko Closhen, Entrepreneur