Here are 3 altcoins that could surge once Bitcoin flips $35K to support

Here are 3 altcoins that could surge once Bitcoin flips $35K to support

Bitcoin (BTC) and the wider cryptocurrency market are taking a breather after the rally on May 31. Meanwhile, most altcoins remain severely oversold, with most between 70% and 90% below their all-time highs. 

Total altcoin index capitalization

What is clear is that fear is everywhere and blood is in the water. Risk-on markets are suffering worldwide, but it is exactly these kinds of conditions that create opportunities where professional money accumulates and adds to positions.

Let’s take a look at three altcoins that could be positioned for a rebound if the broader market enters a new uptrend.

ADA could be setting up for an 80% surge

Cardano (ADA) has a significantly bullish update coming very soon. The much anticipated Vasil hard fork, which increases performance and adds more Plutus enhancements, is planned for June. 

From a price action perspective, ADA is positioned in a strong price range that will likely support any further upside that the broader market experienced. Within the Ichimoku Kinko Hyo system, ADA has maintained a significant gap between the bodies of the past three weekly candlesticks and the Tenkan-Sen.

When the bodies of the candlesticks and the Tenkan-Sen have noticeable gaps, a correction often occurs within three to four days. This is because the equilibrium is out of sync, the Tenkan-Sen and price action like to stick together as much as possible. A mean reversion back to the Tenkan-sen is extremely likely when one strays too far from the other.

ADA/USD weekly Ichimoku Kinko Hyo chart Source: TradingView

However, if the broader cryptocurrency market experiences a big bounce, ADA price may shoot past the Tenkan-Sen to test the Kijun-Sen. ADA has not tested the weekly Kijun-Sen since the week of November 8, 2021. 

The weekly Kijun-Sen is at $1.02 and contains the 2021 volume point of control and the 50% Fibonacci retracement of the all-time high to the low of January 25, 2021.

ADA/USD weekly chart (Binance) Source: TradingView

Related: Bitcoin may hit $14K in 2022, but buying BTC now ‘as good as it gets:’ Analyst

MATIC aims for $1

Looking at the weekly chart of Polygon (MATIC), one can’t help but notice that it looks strikingly similar to ADA. MATIC and ADA both have sold off from $3 and both are stuck in the mid $0.50 to mid $0.60 price range, but that is where the similarities mostly end. 

Fundamentally, MATIC remains strong. Governments worldwide have attempted to restrict or ban mining due to excessive energy costs for proof-of-work blockchains and MATIC is likely to avoid government scrutiny and attract supporters as a positive example of environmental stewardship.

Polygon (MATIC) Source: Twitter

Like ADA, MATIC has significant gaps between the bodies of its weekly candlesticks and the Tenkan-Sen. Although, MATIC’s gaps are more significant. Likewise, the gap between price and the Kijun-Sen is much more meaningful. 

Within the Ichimoku Kinko Hyo system, there is a max-mean that price will travel away from the Kijun-Sen before experiencing a violent mean reversion. For MATIC, that threshold is 63%.

MATIC/USD weekly chart (Binance) Source: TradingView

Any renewed bullish momentum ifor Bitcoin will likely see MATIC lead the altcoins higher until it reaches the $1.00 to $1.15 value area near the weekly Tenkan-Sen. 

XLM lags the altcoin market, but it’s known for surprises

Sometimes it is hard to forget that during the last major bull run from the COVID crash to November 2021, there were a few major altcoins that did not hit new all-time highs. Stellar (XLM) is one. In fact, the last time XLM made a new all-time high was the week of January 8, 2018, almost four and a half years ago!

One thing that XLM has going for it that not many other weekly charts have is a very clear falling wedge pattern. Out of the standard rectangle and triangle patterns in technical analysis, wedge patterns are the most powerful. What makes its wedge so powerful is the probable fakeout breakout lower.

XLM/USD weekly chart (Binance) Source: TradingView

The most probable direction for a falling wedge is higher — but breakouts below a falling wedge can yield powerful short opportunities. The typical behavior that analysts and traders expect to see with a failed falling wedge is an immediate and swift sell-off, but so far, bears have been unable or unwilling to do so. 

Instead, the weekly chart for XLM shows a very strong probability of a fakeout. If bullish momentum returns to the cryptocurrency market, XLM is likely to hit the second peak of the falling wedge near the $0.38 value area.

Classic technical analysts believe that technicals lead fundamentals. If that is true, then altcoins like XLM, MATIC, and ADA could be positioned in very desirable conditions in the event of any new bull run.

However, downside risks remain a concern, but they are likely extremely limited. If a new uptrend fails to materialize before the end of June, the cryptocurrency market will probably move sideways until a major breakout higher or lower occurs in the Fall.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Kraken Pro Mobile Staking Is Here

Kraken Pro Mobile Staking Is Here

Did you know you can now stake from your mobile device using the Kraken Pro app? Staking is one of the simplest ways to accrue crypto and cash holdings with Kraken. Bear market or bull market, staking pays out steady rewards on assets that would otherwise be sitting idle in your account. Find out more about staking here

Stake when you want, where you want

The Kraken Pro app lets you stake and unstake on the go, giving you the freedom to manage and track your rewards easily so that you can always find out how your portfolio is performing.

Earn rewards on your rewards

Once you’ve staked an asset, you can automatically receive rewards each week. Your staked rewards will start compounding immediately, increasing your staked balance.

Unstake with maximum flexibility

For most of our staking assets, you can choose to unstake anytime with no fees or lock-up periods. This means you can return your staked assets to your spot wallet anytime you choose.*

Easy as 1-2-3

Our user-friendly Kraken Pro app lets you stake your Polkadot, Cardano, Solana and more in just three simple steps:


What assets can I stake and at what rate of return? 

Kraken currently offers staking on 16 coins and cryptocurrencies with more to come. You can discover the individual reward rates for each asset here.

New to staking?

Mobile staking is a great way to get started. Maximize your portfolio by staking assets that would otherwise be sitting idle in your Kraken account.



Download the Kraken Pro app on your phone to start staking now. Experience the same security and features you love about Kraken desktop in a sleek, mobile-first design for advanced crypto trading, staking and funding on the go.


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*At this time it’s not currently possible to unstake staked ETH or FLOWH. Further information can be found on their respective FAQ’s. ETH Staking FAQ | FLOW FAQ. Please see the Terms of Service, including Annex C, for further information about the terms and conditions that apply to on-chain staking services.

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Solana Halts Block Production, Validators Told to Prep for a Restart, Network’s Decentralization Criticized – News Bitcoin News

Solana Halts Block Production, Validators Told to Prep for a Restart, Network’s Decentralization Criticized – News Bitcoin News

On June 1, 2022, the Solana network halted block production again as the blockchain network has stopped working a number of times during the network’s lifetime. According to the Solana status update, validator operators are being asked to prepare for a restart.

Solana Continues to Be Plagued by Outages, SOL Downtime Denounced by the Crypto Community

The blockchain network Solana (SOL) is down again as the network has been halted by the development team. The Twitter account Solana Status (@solanastatus) tweeted about the incident on Wednesday at 12:56 p.m. (ET) and the Solana status website also explains that block production has been halted.

“Block production on Solana Mainnet Beta has halted. Validator operators should prepare for a restart in mb-validators on Discord,” the status details.

The Solana (SOL) network has been plagued by a number of outages and its been estimated that the proof-of-stake (PoS) blockchain has been down a total of eight times. News has reported on a number of Solana’s outages and the one that followed Anatoly Yakovenko’s (Solana co-founder) recent commentary.

Yakovenko claimed last month that “If [Bitcoin] eventually doesn’t switch to proof-of-stake nobody is going to use it.” After the statements, Solana’s blockchain lost consensus for over seven hours. News also reported on Solana’s mid-September outage and the debate that surfaced after the blockchain’s downtime.

Solana’s development team has formally acknowledged some of the issues it was dealing with and how it “degraded performance.” The team blamed “high compute transactions, which is reducing network capacity to several thousand transactions per second.”

Of course, with Solana going down again, the comments on social media and crypto related forums have not been kind to the crypto project worth $14 billion. “Solana has now failed for the 8th time. The network is currently halted,” one individual tweeted. “Trading of the $14 billion asset is still possible on centralized exchanges, which seems to be the primary use case of a constantly failing network,” the person added.

Bitcoin advocated Dennis Porter wrote: “Solana just stopped. Bitcoin can’t be stopped. Invest accordingly.” According to the Bitcoin Uptime Tracker, the Bitcoin network has been functional for 99.98742319836% of its lifetime.

“The diamond hands of Solana are amazing,” another person criticized on Wednesday afternoon. “0 NFTs have been listed in the last hour. You can’t say the same for any other chain except maybe Terra/LUNA,” the individual added.

Meanwhile, ethereum, XRP, and cardano owners opined why they thought their favorite tokens were way better than Solana. Amid the downtime and at the time of writing, solana (SOL) has lost 9.9% in value against the U.S. dollar. Coinbase also reported on Solana’s latest outage and noted that the exchange had to disable send and receives on the network.

Tags in this story
7 hour outage, Anatoly Yakovenko, Bitcoin, Block Issues, Block Production, Block Validators, BTC, Cardano, cryptos, Mainnet outage, PoS, Proof-of-Stake, September Outage, SOL, SOL Issues, SOL price, Solana, Solana Apps, Solana blockchain, Solana consensus, Solana Mainnet, Solana Outage, Solana Status, Solana Status Twitter, Solana Uptime, Solana validators, Trades, trading, Transaction Issues, Transaction Spam, uptime

What do you think about Solana halting block production and the number of times the network has gone down? Do you think blockchain uptime is important? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Bitcoin Observes Longest Stretch Of Extreme Fear Since April 2020

Bitcoin Observes Longest Stretch Of Extreme Fear Since April 2020

Data shows extreme fear sentiment in the Bitcoin market has continued for almost a month now, the longest stretch since April 2020.

Bitcoin Market Sentiment Remains In Extreme Fear Territory

As per the latest weekly report from Arcane Research, the crypto fear and greed index has continued to point at extreme fear this week.

The “fear and greed index” is an indicator that measures the general market sentiment among Bitcoin and crypto investors.

The metric uses a numeric scale that runs from one to hundred for representing this sentiment. All values above “50” signify greed in the market, while those below the threshold suggest fear among investors.

The extreme values of above 75 and below 25 imply sentiments of “extreme fear” and “extreme greed,” respectively.

Historically, bottoms in the price of Bitcoin have tended to form during periods of extreme fear. On the other hand, the crypto has observed tops during stretches of extreme greed.

Some investors think that because of this, it’s best to buy during extreme fear, while extreme greed is ideal for selling.

Related Reading | Bitcoin LTHs Realized Significant Losses Recently, Final Capitulation Here?

“Contrarian investing” follows this approach. Warren Buffet’s famous quote sums it up: “Be fearful when others are greedy, and greedy when others are fearful.”

Now, here is a chart that shows the trend in the Bitcoin fear and greed index over the past year:

The value of the indicator seems to have been quite low recently | Source: Arcane Research's The Weekly Update - Week 21, 2022

As you can see in the above graph, the Bitcoin fear and greed index has a value of 16 right now, suggesting that the market is extremely fearful.

These low values of the metric have remained for almost a month now, making it the longest stretch of extreme fear since right after the COVID crash back in April 2020.

Related Reading | Bitcoin Exchange Outflows Suggest That Investors Are Starting To Accumulate

The report notes that long periods of poor sentiment aren’t extraordinary in the crypto market, but in the past such stretches have usually observed temporary spikes to better sentiment.

In the month of May, there was no such interruption that provided Bitcoin investors with a glimmer of hope.

BTC Price

At the time of writing, Bitcoin’s price floats around $31.4k, up 6% in the last seven days. Over the past month, the crypto has lost 16% in value.

The below chart shows the trend in the price of the coin over the last five days.

Bitcoin Price Chart

Looks like the price of the crypto has observed a push up in the last couple of days | Source: BTCUSD on TradingView

Bitcoin has now maintained strongly above the $31k mark for the first time since the beginning of May. However, at the moment, it’s unclear whether this recovery will last.

Featured image from, charts from, Arcane Research

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Binance Labs’ $500M fund to catalyze crypto, Web3, blockchain adoption

Binance Labs’ $500M fund to catalyze crypto, Web3, blockchain adoption

Binance Labs, the investment arm of crypto giant Binance, launched a $500 million fund in partnership with global investors including DST Global Partners and Breyer Capital to drive innovation across the crypto, Web3 and blockchain landscape.

Binance Labs plans to allocate the latest $500 million fund to projects across various stages — incubation, early-stage and late-stage growth.

Sharing his take on accelerating the adoption of the crypto ecosystem, Changpeng “CZ” Zhao, CEO of Binance, revealed the importance of a connection between values, people and economies:

“The goal of the newly closed investment fund is to discover and support projects and founders with the potential to build and to lead Web3 across DeFi, NFTs, gaming, metaverse, social, and more.”

Binance Labs was established in 2018 and has since invested in and incubated more than 100 projects globally. Some of the prominent companies in its portfolio include 1inch, Axie Infinity, Dune Analytics, Elrond, Polygon and The Sandbox.

Fun fact, Binance Labs had also invested $3 million in Terra’s layer-0 blockchain back in 2018.

Related: Binance gets approval to operate in Italy, will open office in Milan

Speaking to Cointelegraph, Binance Labs’ executive director of investments and M&A Ken Li said that there are 14 projects that are participating in the Season 4 of the Incubation Program and they will receive the first funding from the new fund.

The eligible startups are Grindery, NuLink Network, FilSwan and Starton from the infrastructure sector; CODA and OpenLeverage from the DeFi sector; CoralApp, AlterVerse Inc, ChapterX and Gamic Guild from the gaming and metaverse sector; Qwestive and Reveel from the SocialFi sector; Playbux (MyCashBack) and Ambrosia Finance from the crypto fintech sector.

Several former Binance executives led funding rounds in helping multi-strategy blockchain investment fund Old Fashion Research (OFR) invest in over 50 blockchain projects in just one year.

As Cointelegraph recently reported, the fund was founded by Ling Zhang, the former vice president of mergers and acquisitions and investments at Binance and Wayne Fu, former Binace head of corporate development.

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Fantom (FTM) Trading Starts June 2 – Deposit Now

Fantom (FTM) Trading Starts June 2 – Deposit Now

We’re thrilled to announce that Kraken now supports Fantom (FTM)!

Funding and Trading

You can add FTM to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Trading will begin June 2 at approximately 14H30 UTC.

Here’s what you need to know:

Ticker FTM
Tradeable against EUR, USD
Price precision 4 decimal places
Deposit confirmations required 1  (near-instant)
Not available in Japan
Services available Kraken, the Kraken Pro interface


  • Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched).

What is Fantom?

Fantom is a smart contract platform which aims to solve blockchain scalability and security challenges with an innovative consensus mechanism called Lachesis. Fantom aims to allow blockchain developers to build and deploy decentralized applications (dApps) more efficiently. FTM is the native cryptocurrency of the Fantom blockchain and allows token holders to pay for transactions and services on the network.

Will Kraken list more assets?

Yes! But our policy is to never reveal any details until shortly before launch – not even which assets we are considering. All of Kraken’s listed tokens are available on our website, and all future tokens will be announced on Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be listing in the future. 

Trade with caution

There is no guarantee that a limit order will execute. There is also no guarantee of executing at a certain price for a market order. The availability and liquidity of the particular digital asset will impact these types of orders.

Listing an asset or token for trade is not a recommendation to buy, sell, or participate in the associated network. Do your own research and invest at your own risk.

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Creating a Lasting Legacy With Lifestory — Leave a Trace of Yourself Behind – Sponsored Bitcoin News

Creating a Lasting Legacy With Lifestory — Leave a Trace of Yourself Behind – Sponsored Bitcoin News

Leaving a lasting legacy is one of the most important things we can do in life. It’s not only a way to ensure that we’re remembered after we die, but it also gives our loved ones a sense of closure and allows them to move on with their lives.

Unfortunately, it’s hard to leave a trace of ourselves after we die. Our memories and legacies usually disappear with us or are left in the hands of family and friends who may not be able to handle them.

But what if there was a way to leave behind a piece of ourselves that would be there forever? A way to ensure that our memories and legacy would be passed down for generations?

Enter Lifestory:

Lifestory is a new metaverse project that allows users to create a digital legacy that can be passed down to future generations. With Lifestory, you can upload photos, videos, and written stories about your life. You can also choose to have your Lifestory shared with specific people or made public for the world to see.

Lifestory is the perfect way to ensure that your memories and legacy will live on long after you’re gone. It’s an easy and efficient way to share your life story with the world and leave a lasting impression.

Post-Mortem Use Cases of Lifestory

There are many ways that Lifestory can be used after you die. Here are just a few:

  1. Share Your Life Story With Future Generations: You can use Lifestory to share your life story with future generations. This is a great way to ensure that your grandchildren and great-grandchildren will know about your life and the things you’ve done.
  2. Allow Loved Ones To Grieve: After you die, your loved ones will want to grieve. Lifestory gives them a place to do that. They can visit your Lifestory and leave messages, photos, and videos. This is a great way for them to express their grief and start to heal. You can also request a virtual burial in the Lifeverse, where you would be marked as dead in the Lifeverse and buried in the graveyard on the Lifeverse.
  3. Share Your Life With The World: If you’re a public figure or celebrity, you can use Lifestory to share your life with the world. Your fans will be able to visit your Lifestory and see all the things you’ve done. This is a great way to ensure that your legacy will live on long after you’re gone. Your private timeline, on the other hand, will only be accessed by your family and friends.

Don’t Let Your Memories Die With You — Use Lifestory To Leave A Legacy

Death isn’t the most pleasant thing to think about, but it’s something we all have to face eventually. And when we die, we want to know that our memories and legacy will live on.

Lifestory is the perfect way to ensure that your memories and legacy will be passed down for generations. With Lifestory, you can make sure that your family and friends will always have a way to remember you.

So don’t let your memories die with you — use Lifestory to leave a legacy.

Lifestory ecosystem and NFT technology

The lifestory Team focused on the NFT technology and implemented different use cases in their ecosystem. The project released a collection of 5,555 unique NFT planets allowing owners to document their memories in the Lifeverse, the immersive metaverse developed by Lifestory.

In the Lifeverse, users can store memories as nonfungible tokens (NFTs). These NFTs can be public or private, stored on something called Timelines. These Timelines can be visited by guests who land their default users’ spaceships on a user’s planet.


The Lifeverse, VR or keyboard immersive metaverse

After the selling of the 5,555 planets, users can get spaceships offering them the possibility to travel to a planet, where they will be landing in the planet’s lobby.

The lobby will be a great place to hang out with friends and visit this customizable world. It can be used to access other areas on a planet, such as a museum or the different timelines rooms.

The Lifestory online museum is a modern twist on the traditional museum. It’s a place where people can view their lived or bought moments, special art pieces, and highlights of someone’s journey.

The timeline room will ensure the visitors access to one or multiple timelines of the planet. Some of them will allow users and invited guests to relive the user’s memory or the memories of friends and relatives in the most realistic way. Other timelines might retrace the history of a user’s planet, the bond they have with a brand, or one of their passions.


Moments and skins to showcase one’s life

Moments are digital anchors that can be anything from photos, videos, 360 videos, audio, or even text. They can be anything someone would imagine. They can be real or fictional and constitute unique digitized memories. Optionally, these moments can be sold to other users via Lifestory’s integrated marketplace. This option will offer unlimited possibilities for content creators and regular users.

Skins are the digital assets that users can use to customize planets, timelines, spaceships and moments. Skins can be sold and bought on the integrated Lifestory app marketplace or eventually used as an investment to make a profit.

VR immersive experience

With the mobile app of Lifestory, users can create timelines and upload 2D moments with depth effects. The app’s virtual reality (VR) capabilities make it a possibility for users to experience memories as if they’re being lived again.

Shared stories of users

Lifestory is more than a platform for sharing memories: It’s a new way to experience life and ensure its most complete continuation online. With Lifestory, one can travel back in time, explore other cultures and make new friends worldwide. The Lifestory planets will go on premium presale on 8 June. It is still possible to enter the most premium of the four selling lists, “the Galaxy List.” This is one’s chance to get their hands on one of the 5,555 unique planets and be a part of something extraordinary and innovative, probably one of the NFT collections with the most utilities so far.

Author: Jean-Luc Verhest, book author of “Bitcoin: the Blockchain and beyond”, Blockchain Trainer, speaker. Former member of the European commission “blockchain observatory and Forum.”




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Coinbase Commits $1 Million for Public Goods in partnership with Gitcoin | by Coinbase | Jun, 2022

Coinbase Commits $1 Million for Public Goods in partnership with Gitcoin | by Coinbase | Jun, 2022

Tl;dr: Coinbase commits $1 million for Public Goods through Gitcoin, including $200,000 for upcoming Grants Round 14.

Today, Coinbase is pleased to announce its ongoing support of digital public goods — or open-source software supporting open-source protocols — in collaboration with Gitcoin. With this $1 million commitment, Coinbase has committed one of the largest single donations to the public goods treasury in Gitcoin history — funded jointly by Coinbase Giving and Coinbase Cloud. Coinbase joins prominent names like the Ethereum Foundation, ENS, Optimism, NounsDAO and Polygon as one of the largest donors helping support the cryptoeconomy’s infrastructure. The funds will be allocated in an increasing stepwise manner over GR14, GR15, and GR16.

Coinbase remains committed to building a cryptoeconomy with equitable access for all. Investing in and backing secure public infrastructure is a critical component of this work. Our efforts are spread across a variety of teams at Coinbase, including Coinbase Giving, Coinbase Cloud, and developer relations, all of whom share the goal of improving digital public goods for the cryptoeconomy.

“If web3 is a city, then open source software is its infrastructure — the roads, bridges, and electrical grids it relies on. But just like a city, to create the kind of thriving, interconnected web3 we want to see we all need to do our part to maintain it. We’re proud to see Coinbase continuing to show exactly that kind of commitment here, by funding and empowering developers in the ecosystem to build for the public good.” — Scott Moore, Co-Founder and Head of Ecosystem Development at Gitcoin.

We believe helping to connect and grow the cryptoeconomy is essential to advancing economic freedom around the world. That’s why a portion of the donation ($200,000) will be allocated to Gitcoin’s upcoming Grants Round 14 Quadratic Funding match pool, taking place in June 2022. Thanks in part to Coinbase’s contribution, the upcoming Grants Round main will include a new pool specifically dedicated to funding and scaling Ethereum protocol development.

See Gitcoin’s impact measurement dashboard for more details on how we’re making a difference and driving impact with our partners. For more information, follow @Gitcoin and @Coinbase, and join the conversation on the future of web3.

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Enjoy Easier Futures Trading Through CoinEx Futures

Enjoy Easier Futures Trading Through CoinEx Futures

According to TokenInsight 2021 Crypto Trading Industry Annual Review, the industry continues to break through, with 2021 full-year trading volume reaching $112 trillion, of which about half is futures contracts ($57 trillion), compared with spot trading that accounts for 43% ($49 trillion). In addition, the total crypto trading volume increased 3.37 times year on year. To be specific, futures contracts have grown the most by nearly 6 times, spot 2.3 times, and delivery contracts 2.36 times only. The overall data presented in the Review shows rapid growth in the futures market in 2021. It has now surpassed the spot market and become a mainstream investment channel, which indicates the market’s growing popularity.

In contrast to the lack of diversity in the spot market, futures, especially linear contracts, allow users to earn profits through long-term holding and high leverage, without having to hold different types of cryptos. Thanks to such an advantage, a growing number of crypto investors are venturing into the futures market. It is clear that a large group of investors recognize the great market prospects of futures, while the futures category has also captured the crypto spotlight. Under such circumstances, crypto exchanges can gain a foothold in the futures market and register fast growth in trading volumes only by improving their futures products while providing more user-friendly trading services.

Although the futures market has become the primary investment choice of many crypto users, futures contracts remain inaccessible to most newcomers to this industry. First of all, the futures market, a place for trading crypto derivatives, is highly fragmented and lacks unified standards. In addition, futures contracts offered by different crypto exchanges come with varying structures, and their terms and conditions drastically differ. For instance, futures contracts provided by some exchanges are complicated and require high learning costs, while others offer professional-exclusive futures mechanisms that are not friendly to beginners.

In addition to security and stability, investors who just forayed into the futures market should also consider product simplicity and ease of use when choosing a suitable futures trading platform. In this respect, CoinEx Futures comes as a good choice as it strives to provide easier futures trading services for users.

I. CoinEx Futures: A simple webpage & An intuitive futures segment

To begin with, CoinEx provides a simple, straightforward webpage for futures trading. After entering the futures page, users can first pick a market for trading linear/inverse contracts according to their needs, and once a market has been selected, they will see the present market conditions and existing orders right away.

Secondly, before choosing the margin and starting a position, users can easily find the Futures Tutorial on the right side to learn about futures trading in no time. By watching the video tutorials and completing the quiz, beginners will become more familiar with the trading process before opening a position.

II. KYC-free futures trading: CoinEx preserves traders’ anonymity

When trading futures on CoinEx, users do not have to go through any KYC authentication, which resolves an operating dilemma facing crypto users in certain countries/regions. At the same time, the exchange protects users’ assets with multiple security strategies. In addition to an anonymous, secure trading environment, CoinEx also promises that all crypto assets will be 100% reserved, allowing users to start a position and earn profits with zero concerns.

III. CoinEx helps users mitigate the position risks more conveniently via multiple futures trading mechanisms

To help users manage positions and control the relevant risks with ease, CoinEx has introduced multiple futures mechanisms such as Auto-deleveraging (ADL), the Insurance Fund, and the Funding Fee. The Index Price of CoinEx Futures is determined by the average spot price recorded by multiple trading platforms and features a built-in exception-processing logic. This allows the Index Price to fluctuate within a normal range when the price provided by a single platform becomes significantly volatile, thereby eliminating worries for futures traders.

IV. Step-by-step tutorials on futures trading at the all-inclusive Help Center

CoinEx offers a professional, all-encompassing Help Center that allows users to dive right into blockchain know-how and learn how to trade cryptos through step-by-step instructions. Through simple illustrated articles and videos, as well as simulated futures trades, offered by the Help Center, users can get familiar with futures in no time. Meanwhile, they can also search for definitions of futures jargon through the Help Center.

During the past 5 years since its inception, CoinEx has earned extensive user recognition with its well-established product ecosystem, smooth, stable trading experiences, and satisfying user services. According to data released by CoinEx in 2021, the exchange made a huge breakthrough in terms of its futures trading volume, which is convincing evidence that CoinEx Futures has become increasingly recognized among crypto investors. At the moment, CoinEx provides 100+ futures markets. This year, the exchange will continue to prioritize futures and offer a more diversified selection of futures markets, as well as easier, more convenient trading experiences.

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KuCoin plugs into Web3 with new decentralized wallet

KuCoin plugs into Web3 with new decentralized wallet

Cryptocurrency trading platform KuCoin has launched a new decentralized wallet platform as interest in Web3 continues to gather steam. 

KuCoin Wallet is now live for users, with the browser-based platform paving the way for a mobile application, which is still in development.

The platform plugs into the KuCoin ecosystem and features cross-blockchain integration. Users will be able to buy, sell, trade and send a variety of cryptocurrencies including Bitcoin (BTC), Ether (ETH) and Tether (USDT) in addition to other tokens.

The wallet is self-custodial, giving users full control and responsibility over their private keys.

As the cryptocurrency ecosystem continues to adopt and support decentralized finance (DeFi) and nonfungible token (NFT) functionality, KuCoin Wallet’s roadmap will include the addition of DeFi, NFT and GameFi services.

KuCoin’s proprietary NFT marketplace Windvane powers this functionality at launch, allowing users to trade and view NFTs in the KuCoin Wallet. Windvane unveiled a $100 million “Creators Fund” in April 2022 to help support and encourage early-stage NFT projects to build on the platform.

KuCoin netted $150 million of investment in a pre-series B round in 2022 — with the firm valued at $10 billion. The firm intends to use the proceeds of the latest fundraising round to continue developing Web3, DeFi and NFT services and offerings within its ecosystem. KuCoin Labs and KuCoin Ventures will spearhead these efforts — which have already come to fruition with the launch of KuCoin Wallet.

Related: GameStop unveils beta cryptocurrency wallet and upcoming NFT platform

A number of prominent cryptocurrency exchanges and service providers have recently launched non-custodial, multi-blockchain wallets in recent months to keep pace with interest in Web3 functionality.

Leading United States-based cryptocurrency exchange Coinbase integrated Web3 functionality with a wallet and browser for a select group of its mobile app clients in May 2022. Trading on NFT marketplaces was a big focus, while token swaps and other DeFi services were made available through exchanges like Uniswap and Opensea.

Robinhood promoted an upcoming non-custodial cryptocurrency wallet in May 2022 with cross-blockchain accessibility, which will also feature NFT storage and access to marketplaces. American brick-and-mortar gaming retailer GameStop followed suit with the launch of its own blockchain wallet, which will also feature NFT functionality.

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