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You have probably read dozens of articles dedicated to this subject before, and likely skipped even more. So why write another one, let alone read it? The short answer is times have changed. Well, times always change. Still, the point is that we may be amidst a paradigm shift in the cryptocurrency space right now even if we don’t feel it yet.submitted by Stealthex_io to StealthEX [link] [comments]
Such a fundamental change is possible due to a confluence of several factors. Some of these factors are external and therefore not related to crypto. Others are internal and represent the value-oriented nature of cryptocurrencies. It just happened that all of them got activated under specific conditions at a certain point in time, which is today, give or take.
Economic woes in a post-Covid-19 WorldYou wouldn’t be far from the truth if you claimed that we haven’t yet pulled through the pandemic, to begin with. Unfortunately, it only makes matters worse unless you are a cryptocurrency investor and don’t care for the rest of humanity. Anyway, the damage has been done, and nothing can change that. We are now entering the phase that is technically called “competitive devaluations” and colloquially known as currency wars.
You could also argue that if it didn’t happen at the peak of the coronavirus pandemic, it is not going to happen now. The sad truth is that we are only starting to feel the real pain. Even the deadly coronavirus doesn’t take over the body instantly, while it takes some time on the scale of a few months up to a couple years for the economic disease to spread through the fabric of society, evolve, and then erupt with inflation rates shooting through the roof, among many other nasty things. Please take your seat.
The world reserve fiat, the American dollar, is sinking like Titanic, slowly but surely. We can’t say the same about less lucky currencies, though. We won’t dwell on the Venezuelan bolivar and Zimbabwean dollar as they are altogether beyond redemption, but fiats like the Brazilian real and Russian ruble are also balancing on the brink of another landslide devaluation, which they have seen many in the past. Sharp minds in the cryptocurrency space have been telling us about this development for ages. It all looked like a remote possibility in some distant future that as we felt deep down wouldn’t have a chance to come up in our lifetime.
As it stands, we were wrong, and the events described are now starting to unfold right before our own eyes. In a strange twist of fate, large-scale cryptocurrency adoption is about to occur along with them, but not through some technical breakthroughs and innovation, or even the much-hyped DeFi, but primarily through the failure of conventional financial systems based on fiat currencies. Rest assured, the top dogs in the cryptocurrency pit are well aware of this dynamic, and they are not going to wait any longer.
Grayscale Investments, a multi-billion dollar company behind a host of cryptocurrency trust funds, started to frenziedly buy up bitcoins a couple weeks ago. All in all, it acquired over 17,000 BTC adding to its already quite impressive stash of Bitcoin, now totalling almost 450,000 coins under its management. Love it or leave it, but it amounts to 2.4% of all bitcoins mined to date, including lost, burned, or left for dead as dust in Bitcoin wallets. In essence, it means that their effective share is way higher.
But while Grayscale definitely sits at the top of the cryptocurrency investment chain, it is not the only company that went on a buying spree lately. MicroStrategy, a company largely unknown to the wider public, suddenly got religion and swapped over $400 million of its capital into 38,250 BTC. Even Barry Silbert, CEO of Grayscale, commented on this feat in his tweet.
Twitter, by StealthEX
So whenever there is a hint at price correction, someone comes out of the shadows and picks up a handful of bitcoins from the market propping up the price.
Why are they doing this? You already know the answer.
Paradigm shiftIn different words, all that cryptocurrencies had to do was to last long enough until fiat started to fall apart. It does now, and paradoxically such times are also times of great opportunity, Baron Rothschild’s way. The world’s largest cryptocurrency exchange, Binance, has been pushing its cryptocurrency payment card since April when it acquired Swipe, a firm focused on crypto-to-fiat payment cards. At the time of the acquisition Swipe already supported 20 cryptocurrencies and fiat transactions in major currencies.
Binance.com, by StaelthEX
For European users the Binance card was officially made available in August, and the exchange plans to enter the US market soon. Given its dominance in the crypto arena, it wouldn’t be unreasonable to expect the surge in the cryptocurrency use as a means of payment thanks to this. It is unlikely that people would spend their precious bitcoins, but the packmaster is not the only member of the pack that Binance handles. Cryptos like Litecoin or Bitcoin Cash can easily become currencies of choice to use with Binance debit cards.
But what truly makes it a game-changer is the current turmoil in the global economic affairs which may turn out to be a once-in-a-lifetime chance for crypto to pick up where fiat currencies leave, or fail, to be exact. On the other hand, it may be a natural development after all, set in stone by the very first Bitcoin transaction and cemented for good when it got confirmed. Now things start to arrange themselves to fit their preordained layout. We have taken our time.
As cryptocurrencies are not internally linked to, or tied by, the lunatic policies of monetary authorities, that is to say, no central bank can ask or force miners to mine more bitcoins, we have the first element in place in the layout for the cryptocurrency mass adoption to occur at the most basic level. In fact, it has always been there, so we just had to wait until the two other elements arrived, even though it took longer than most of us were ready to wait.
The second required element in the grand picture of cryptocurrency adoption is the change in attitude toward wealth evaluation. So far the vast majority of people involved in crypto, including its most die-hard supporters, valued their cryptocurrency holdings in fiat terms. Without doubt, it was the US dollar, regardless of your home currency. But when fiat collapses or enters a long period of runaway inflation, people will be ready for a dramatic change in their approaches toward capital assessment as well as spending habits.
And here comes the most important part where Binance hits the nail on the head. If you are unable to effortlessly spend crypto in your everyday life, the first two components cannot trigger this change in attitude on their own. We need this third element to make use of what has existed and take advantage of what has come around. In a way, what Binance did, and what its competitors are no doubt going to do as well if they don’t want to miss out on the opportunity, appears to be the part that snugly snaps into place when we finally get there.
With Binance payment card, you can “buy the things you love with crypto”. So now the ball is in your court to support the full-scale cryptocurrency adoption coming up. Kidding aside, with fiat turning into trash by leaps and bounds all over the globe, this looks like a very enticing payment option for both the crypto purists and the unbanked. We have seen quite a few such cards in the past, but Binance seems to be adamant on making its variety really popular and actually usable. And then you can ride volatility waves to your financial benefit.
If Binance succeeds, that may herald a new era of cryptocurrency adoption, a breakthrough of sorts after so many years of stagnation in this department.
Repercussions and ramificationsIt is not like only we, traders and investors alike, see these trends. Governments are also taking notice and paying close attention. They can’t remove cryptocurrencies and they can’t help inflating their national currencies. However, they can still crack down massively on this and similar endeavors, trying to nip them in the bud. We don’t know yet what Uncle Sam is going to say but some muslim countries have been quite vocal in this regard.
For example, Egypt has issued a fetva which prohibits bitcoin transactions as being against Sharia, an Islamic religious law. Another mostly Islamic country, Indonesia, has banned the use of cryptocurrencies as a means of payment. Russia, although not Islamic yet, is hellbent on effectively outlawing most cryptocurrency operations despite passing earlier a law on digital assets which is essentially neutral to crypto.
To conclude, we must be aware that once things get serious and governments see that their monetary supremacy is being threatened, that they can no longer play their favorite game of inflation tax, they will leave no stone unturned to prevent mass use of crypto as an alternative means of payment. And cryptocurrency payment cards are hands down one of the best tools available for this use on a down-to-earth level, groceries and whatnot.
Now you know what their target will be.
And don’t forget if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 300 coins and constantly updating the cryptocurrency list so that our customers will find a suitable option. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example BTC to ETH.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected].
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/10/06/cryptocurrency-adoption-a-breakthrough/
submitted by tkeycoin to Tkeycoin_Official [link] [comments]
“The TkeyNet development team is surprising to us” — recently such a quote came from our lips. Why would that be?
TkeyNet: Instant transactionsNow transactions in the TkeyNet network are instant. You won’t even notice how the TKEY delivers to the recipient. For example, when you send a payment from card to card, and after a few seconds, the money is in the recipient’s possession. Despite the fast speed of transactions, the system has not only preserved its security properties but also strengthened them and still works on the blockchain.
“The chain of information a store on every computer in the network. The addition of information occurs by using cryptographic functions, allowing you to identify the information for any period. When a new data block adds to the TkeyNet network, the integrity of all previous information confirm by the entire TkeyNet, and each node checks its integrity.”
In early September, we completed work on one of the main functions of the system: “The Financial Module Of The Marketplace.”
What is it for, and how does the “Financial Marketplace module” work?TkeyNet combines various assets in a single system, creating instant access to liquidity. Digital exchanges connect to TkeyNet and provide assets for exchange: BTC, USDT, ETH, and others. For example, Kraken connects to TkeyNet and provides digital assets: ETH, ETC. Binance: USD, BTC. Bitfinex: USDT, EOS, etc. Exchanges can provide any assets that trade on their platforms.
The blockchain acts as a Registrar of financial transactions. Accounts, balances, and orders store in a distributed registry TkeyNet, and copies of data to distribute across network TkeyNet nodes. Payment routing is implemented in the TkeyNet system, which allows you to track not only balances but also distribute transactions without the participation of any party.
The user, in turn, has quick access to transactions with digital currencies, regardless of the blockchain used: Bitcoin, Ethereum, EOS, or any other, transactions are recorded in TkeyNet, and transactions are processed instantly.
“The task of the platform is to automate the interaction of the parties and ensure the convenience of performing operations. — This is the core element of a trusted environment.”In addition to digital assets, the “Financial Marketplace module” includes working with Fiat currencies, stocks, bonds, as well as raw materials: oil, gas, diamonds, etc. — This means that payment systems, banks, currency exchanges, commodity exchanges, and other financial market participants, are also connected to the TkeyNet blockchain.
Payments between companies in a few secondshttps://preview.redd.it/v84fizszvdp51.png?width=1920&format=png&auto=webp&s=e501b06661b2a960fe75abe07a1aba5177db620d
Companies can make payments in seconds, not days. TkeyNet can seriously mitigate the adverse risks of extraterritorial sanctions against the financial system of the countries if such follow. Also, the ability to conduct internal and cross-border transfers through an independent financial channel directly to the counterparty at high-speed is beneficial to business and the state from any point of view.
Each user will be able to make quick transfers to counterparty wallets, exchange digital currency for another or fiat money at the current exchange rate.
What else is interesting? — ApplicationsDevelopers can connect to TkeyNet and get access to a large-scale pool of liquidity: digital currencies, stocks, precious metals, etc.
This solution not only reduces development costs but also allows you to get access to the best prices and fast exchanges. You can create any financial application, regardless of the market usage: a cryptocurrency, or financial markets.
Developers can create a digital Bank or exchange, fast connect the app, and TkeyNet using the API.
“By working with partners around the world, we can significantly increase our market share in this business, providing our partners with ready-made tools without risks.”And also regardless of the applications that will be created by partner developers. The company will provide its interfaces that will provide access to various types of assets — digital currencies: BTC, USDT, ETH, etc.; Fiat currencies: euros, dollars, pounds, etc.; securities and commodity assets.
Anywhere in the world, at any time, the system user will have access to the desired currency without having to exchange one for another. Also, when implementing the application for NFC payments, it will become even easier to use the system. However, even with the availability of several types of currencies, such as the pound, dollar, and euro, it is easy to make payments abroad.
“According to the World Bank, more than 1.7 billion adults are still not covered by banking services, but two-thirds of them have a mobile phone that can help them access financial services. — This tells us one thing: the traditional banking approach is exceptionally inefficient. Lack of infrastructure: a network of ATMs, fees and deposits, a network of cashiers, and internal money transfer programs are just some named obstacles to creating a real banking experience.”Imagine that in one app you have access to Apple shares, Tesla shares, gold, precious metals, rubles, dollars, and even oil if you want. TkeyNet — makes this possible.
TkeyNet is an industrial solution designed for companies and users at the same time. Since payments in the system are very fast, a person can store and send money in any asset they want. This flexibility creates an open market, which is necessary at present.
PostscriptTkeyNet back-end — completed. Currently, we are actively working on the front-end side. Regardless of working on the front-end side, the TkeyNet system is tested on an ongoing basis.
submitted by Smart_Smell to Robopay [link] [comments]
Bank deposit against bitcoin. How to save your money
Rates on ruble deposits have dropped again, and cryptocurrencies offer more profitable ways to save money. However, this option involves high risks.
Interest rates on ruble deposits in Sberbank fell. The maximum rate on the most profitable of the deposits of the main line “Save” was reduced to 3.56%, although at the beginning of July it was 3.65%. This option is designed for those who make a one-time deposit of at least 400 thousand rubles. for a period of 1–2 years. It is impossible to replenish such a deposit or withdraw part of the money from it.
The rates on ruble deposits “Replenish” (up to 3.09% per annum) and “Manage” (2.56%) have also been reduced. Only one dollar deposit from the basic line became available to the bank’s mass clients — “Save”. The maximum rate on such a deposit is now no more than 0.35% per annum — taking into account capitalization when making at least 1 year of $10 thousand or more.
At the same time, the popularity of cryptocurrencies and related services, staking and landing pages, continues to grow. For example, Binance Lending and Binance Staking allow you to receive income from 3% to 20% per annum from cryptocurrency deposits, which is significantly different from traditional offerings in the traditional market.
Nikolay Klenov, financial analyst at the Raison Asset Management investment company, explained that deposits and cryptocurrency (including staking and landing) are different instruments: the first is conservative and aimed at preserving value, the second is high-risk and potentially high-yield.
“You can’t make money on deposits, but they are not subject to market risk. The only risk that the owner of the deposit takes is the bankruptcy of the bank, but for such cases a deposit insurance system is provided. Cryptocurrency can significantly lose value, it is a volatile instrument. In addition, it is much more difficult for a person who has never invested to deal with cryptocurrencies than with deposits. You need to read special literature, immerse yourself in the topic. However, those who are ready to do this can potentially receive much higher returns than from deposits, ”added Klenov.
The head of the analytical department of AMarkets Artem Deev emphasized that dependence should be taken into account: the higher the rates, the more significant the risks. You can invest well, but you can quickly and burn out. Moreover, high rates most often accompany investments for short periods. Conversely, the longer the period, the lower the rates and the lower the risks.
Based on this principle, Bitcoin and other cryptocurrencies are high-risk and speculative assets, Deev said. The popularity of cryptocurrencies has led to the fact that now the number of participants in the digital asset market is increasing, their value is growing. But all this is provided only by the influx of private investors into the market.
“It is, in a sense, a pyramid — the more participants, the higher the market capitalization and asset value. But such a pyramid can also collapse very quickly, since it is not provided with real value. Although, of course, against the background of decreasing rates, investment in cryptocurrencies looks attractive. But they are accompanied by very high risks. Given that the only risk on deposits is that interest does not offset inflation“, the expert emphasized.
Cryptorg.Exchange CEO Andrey Podolyan adheres to the opposite position. In his opinion, cryptocurrency staking and landing pages are already ahead of bank rates in terms of a lot of parameters. So, the average annual percentage of profitability in stablecoins offered by the leading crypto-exchanges is 8–15%. In addition, DeFi (decentralized finance) is now gaining strong popularity, in which you can earn 30–50% per annum. But the mechanism for a common man in the street is rather complicated, so this direction is still available only to professionals.
“In general, some traders and investors I know personally have more capital, placed in stable cryptocurrencies and giving a monthly percentage higher than in bank deposits,” Podolyan said.
Staking rates in cryptocurrencies are nominally high, but they include the credit risks of the platform or counterparty, and the credit risk often exceeds the staking rate, warned Grigory Klumov, founder of the STASIS stable cryptocurrency platform. For example, the cryptocurrency staking rate is 8%, of which the counterparty credit risk is 10%. The real staking rate is minus 2%.
“Investments in bitcoin and ether, despite their volatility, can bring income significantly higher than a deposit in a bank. But the availability of funds is not comparable to the deposit, which is additionally insured by the state. Investing in cryptocurrency is obviously a more risky instrument, which should not be allocated more than a few percent of your capital. But a few percent of the income is worth investing every day”, concluded Klumov.
Investments in cryptocurrencies can bring significantly more income than bank deposits. However, working with digital money implies the absence of insurance and extremely high risks of losing all funds. Therefore, investing in digital money is only worth considering the possibility of its deprivation.
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submitted by mrhadow to matetrade [link] [comments]
Ethereum is the second largest cryptocurrency by capitalization after Bitcoin, founded in 2014 by Vitalik Buterin. The work of the ether is based on smart contracts technology, which was first implemented in this cryptocurrency. Smart contracts allow to conclude transactions between users without intermediaries, and the program code controls the fulfillment of the obligations of both parties.
Where you can trade EthereumEthereum is traded on all cryptocurrency exchanges, as it is the main altcoin. The most popular trading platforms are Binance and BitMEX. To store ether, you need to have a wallet, such as MyEtherWallet. If you plan to trade, there is no need to buy cryptocurrency through exchangers, but you can buy it on the exchange directly - Binance added support for ruble and currency pairs, including ETH/RUB.
How to tradeThe Ethereum price chart is represented by the Trading View resource, which is integrated into the Trade-mate.io service. In your account you can connect three exchanges Binance, BitMEX and Poloniex. In addition to advanced Tradingview charts service provides smart trade functionality with trailing stops and autotrade, allowing you to copy trades of other traders and trading bots.
The Ethereum volatility allows you to use any classic strategies inherited from Forex. If the foreign exchange market has long acquired immunity to technical analysis, the crypto market allows you to make a profit due to the immaturity of the industry. The most popular trading indicators are Bollinger Bands, Fibonacci Levels, RSI and others. A detailed description is easy to find on the Internet, but do not forget about the main rule - set up stop losses, because any cryptocurrency can collapse by 20% or more in a few hours. Trade-mate.io will help to extract the maximum profit, because smart trade allows you to automatically rearrange the stop loss as long as the price rises.
Little trickSpecial attention is focused on Ether because of its popularity, so the coin is quite sensitive to news. Even rumors can lead to strong growth or collapse of this cryptocurrency. For example, fake information about the death of the founder of the project at the end of June led to a strong price collapse.
submitted by mrhadow to matetrade [link] [comments]
Bitcoin is the most popular digital currency with high potential for trading due to its volatility. So, that's what you need to do to trade bitcoin on the exchange.
Register on the crypto currency exchangeThe first step is to choose a reliable trading platform. The most popular ones are Binance and BitMEx. Binance exchange offers a wide range of altcoins traded in pairs with bitcoin and is considered one of the most reliable platforms. BitMEX contains a small number of pairs but allows you to trade with leverage up to X100.
Replenish your DepositOnce you have chosen a cryptocurrency exchange, you need to replenish your trading account. To do this, you first need to buy bitcoin. This can be done in either of the following ways:
How to trade BitcoinLet's move on to the process of trade itself. There are many trading strategies that require a lot of experience in trading. The task of trading is to make money on the difference in the rate.
The easiest and most popular way based on the principle of “buy and hold". You just need to buy the cryptocurrency, placing an order on the rollback and wait for the rate to rise, then sell.
It is convenient to track the dynamics of the portfolio via Trade-mate.io service. The personal account displays the full statistics, where you can see how the trading account state has changed on the exchange. You can connect several exchanges and trade in a single cabinet through the API: Binance, BitMEX and Poloniex.
In trading, it is important to set stop losses to minimize losses. Trade-mate.io supports Smart Trade, which allows you to automatically move the levels of take profit and stop loss as the price rises to maximize profits.
Trade-mate.io knowledge database will allow a beginner to quickly get used to trading and will teach you how to set tasks correctly.
https://preview.redd.it/im63di7rzm241.jpg?width=1000&format=pjpg&auto=webp&s=04c0f8adef5c25c5c1e864e414d014b3d3a02a7bsubmitted by mrhadow to matetrade [link] [comments]
Binance is one of the largest crypto-exchanges in the world, which, thanks to innovative approaches, quickly took a leading position in the market. This year, the exchange launched margin trading with leverage and futures trading.
Now the Binance platform has launched a payment gateway that allows you to buy and sell cryptocurrencies for Russian rubles. The minimum purchase amount is only 1,000 rubles.
You can buy cryptocurrency in two ways:
Binance bitcoin exchange may soon add support for the Ukrainian hryvnia and the Kazakhstani tenge.submitted by Itrader_com to u/Itrader_com [link] [comments]
As is known, yesterday on November 5th, these two currencies were added to the Binance API. Earlier, the exchange, in the same way, added the Nigerian naira and the Russian ruble to the API before opening the possibility of crypto-fiat trading in these currencies.
Binance declined to comment on the information.
This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
submitted by AVAY11 to u/AVAY11 [link] [comments]
Cardano is a cryptocurrency running on a decentralized blockchain platform that is under development. The project team strives to gain the trust of users by ensuring transparency of everything that happens in the system.
THE HISTORY OF THE EMERGENCECardano (ADA) was created by a team led by Charles Haskinson, who previously worked on Ethereum, but left the number of cryptocurrency developers before the ICO. In 2014, he and Jeremy wood formed IOHK. In the same year, a group of Japanese investors signed a 6-year contract with this firm to create a blockchain project based on the use of algorithms for independent execution of exchange operations with different types of assets.
The platform was named after Gerolamo Cardano, an Italian mathematician, engineer, philosopher and astrologer. The Ada token was composed of 3 letters of the scientist's surname so that the name of the world's first female programmer-Ada Lovelace - turned out.
The currency ICO was held in several stages in 2015-2017. as a result, $62 million was collected during operations only within the ADA Coin system. Until 2019, the developers plan to launch a number of decentralized applications and services for the implementation of smart contracts.
In the beginning, the team warned that the low speed of operations (only 5-10 transactions per second) can affect the rate of cryptocurrency. Experts plan to increase the speed of transactions by introducing the system of bandwidth nodes, the Protocol of which will be written in the programming language Haskell. Also prevent the success of the project could reputation of the author of the idea of Charles Hoskinson, who left his previous job without explanation. But the cost of the coin was not affected by these factors, the prospects for the project are good.
The success of the project is also facilitated by the fact that it is engaged in 3 institutions performing different functions:
MAIN FEATURES OF CARDANO COINCardano (ADA) is a cryptocurrency whose task is to secure smart contracts between users on terms beneficial to both parties. Such principles of asset exchange will be the basis for further development of digital currencies. The Ada token has many pluses, but there are also minuses.
HOW TO MINE CARDANOThe Cardano platform is based on the Proof of Stake algorithm. This means that the chances of a miner to create a block are directly proportional to the assets available to him, the results of work on solving a mathematical problem do not matter.
Advantages of Cardano mining:
WHERE AND HOW TO BUY CARDANO ADA CRYPTOCURRENCYCardano coins are traded in pairs with other cryptocurrencies on most exchanges (Finance, Bitrix, Http, Upbit, Bithumb, Cryptopia, etc.). There are exchangers (Prostocash, Xchange, 60 cek) and Exmo exchange, where you can buy Cardano cryptocurrency for rubles and other Fiat currency, after exchanging it for bitcoins or ethers. You can pay in exchangers via PayPal or Bank card.
Purchase instructions ADA:
Purchase on Binance
Crypto exchanges provide the ability to store funds, but it is better to withdraw tokens to the wallet immediately after purchase. If this is not possible, you should take care of the security of your account. Asset storage is better not to trust little-known exchanges.
CARDANO WALLETUntil March 2018, the only e-wallet in which ADA could be stored was Daedalus. There are versions for Windows, Mac and Linux. The wallet is suitable for anonymous transactions. The Cardano team plans to issue a debit card that can be replenished through this e-wallet.
Daedalus installation instructions:
In March, it became possible to store ADA tokens in the Centra wallet. This means that the currency can be withdrawn using the Centra card in 36 million terminals around the world.
Web wallets are popular because of convenience. Many sites offer to download them to store ADA, but this should not be done, so as not to fall for the tricks of scammers. On the official website of the company there is no data on cooperation with owners of online wallets.
WHAT ARE THE PROSPECTS FOR THE ADA CRYPTOCURRENCYGiven the big plans of Cardano developers, the forecast for 2020 regarding this cryptocurrency is good. If the team implements its ideas to expand the use of coins, ADA may become popular in the market after a while, despite the fall in user confidence in cryptocurrencies.
Road map of Cardano
The author of the platform Hoskinson said that the work on scaling the data will not yield results until 2019. Developers want to introduce innovative technologies into their project, their creation and research takes a lot of time. By the end of the year, it is planned to standardize the protocols and improve the reliability of the system, but the achievement of these goals may be delayed due to the complexity of the ideas. At this stage of operation of the platform, information about the use of high technologies in support of Cardano's work is not proven.
Cryptocurrency faces competition among firms providing such services. It interferes with its development. Specialists working on improving Litecoin and Dash use similar principles when conducting transactions. Ripple plans to become an element combining currencies recognized as official and digital assets, making it more attractive to investors.
The exclusivity of the project is that its development is scientifically justified. But this is not a significant advantage, as most traders do not want to spend time figuring out the details of the technical side of the project, and are interested in its functionality.
If the Cardano project team fulfills its plans by the end of the year, the prospect of this currency is quite good. The success of ADA depends on how convenient the token will be to use.
submitted by QBEXCHANE to u/QBEXCHANE [link] [comments]
Perlin is clearly shown in the road map — has released a working prototype back in November 2018. During 2019, the team developed a Wavelet and commercial applications Clarify and Certify.
Utorg Exchange has launched the IOU Desk, where you can trade tokenized obligations of projects that have not yet been listed. The first such project was Perlin, awaiting IEO at Binance.
What is an IOU Desk
IOU (I Owe You) is a tool familiar to those who have actively invested in ICOs 2017-2018. This is the collective name of various documents that formalized the obligations of the founders to investors. The most common type of IOU document is SAFT (Simple Agreement for Future Tokens), by analogy with the SAFE (Simple Agreement for Future Equity), which is popular in classical venture financing.
Such IOU have accumulated a lot of funds. And often they no longer fit investment fund strategies. Utorg buys from funds such IOU of promising projects, tokenizes them and puts them up for auction. After purchasing internal exchange tokens for a specific asset, the user sees them in his personal account.
The exchange is not responsible for the activities of the projects, but guarantees that when the real project tokens are issued and transferred to the exchange in exchange for SAFT, they will be distributed among those users who will have IOU tokens on the balance for this project.
Buy Perlin before IEO at Binance
Exchange experts carefully select projects before putting them on the IOU Desk - they study the history of each project and the current state of affairs in it. The road maps of such projects are being implemented on time, the community is growing, there is a market interest in their products and solutions. But tokens are still not issued, or are not listed.
The Utorg team promises to delight users with the hottest offers. And the first project on the new site was Perlin.
The IOU Perlin package, owned by the Advance.fund investment fund, has been put up for auction. The fund is a strategic partner of the Utorg exchange. The fund invested in Perlin during one of the earliest rounds. The deal was closed on June 27, 2018. According to SAFT, 1 292 202 tokens were acquired.
Perlin is a highly scalable smart contract PoS platform that delivers more than 31,000 TPS throughput. This is the fastest, safest and most scalable blockchain solution of all.
Perlin clearly follows the road map - it released a working prototype back in November 2018. During 2019, the team developed Wavelet and the Clarify and Certify trading applications.
Perlin is currently focusing on the international trading market with a volume of $ 11 trillion. The network will be developed jointly with international chambers of commerce and a number of large concerns. This will quickly scale the project, which covers more than 150 countries and 40 thousand companies.
Recently, Binance Launchpad became interested in the Perlin project - the exchange announced the initial exchange offering on August 8. Based on the results of this IEO, the price of the token can grow many times over.
What is known about the Utorg exchange
Utorg.io is a fairly young project launched by experienced representatives of the crypto industry. You can learn more about it here. Then the exchange just went into beta testing. It is still ongoing and you can participate in it to get six months of work without commissions and other bonuses.
Since then, the exchange has introduced new features. Improved user interface based on user comments and added USDT pairs. Although there are still a few cryptocurrencies, there is everything you need for crypto fiat crypto operations. In particular, the exchange manages to maintain the best rate for selling bitcoin for rubles, which is confirmed by monitoring bitcoin exchange rates on exchanges, taking into account all Truebtc.io commissions. Utorg steadily holds the first line at the Bitcoin selling rate with the withdrawal of rubles to the cards of Russian banks.
This is ensured by active work with exchangers, which are convenient to buy BTC here by API. In addition, commissions on the withdrawal of rubles on Visa and Mastercard on Utorg are very low, since Utorg offers the payment system favorable conditions for crypto-processing.
#News #Utorg #Perlin #IOU #IEO #Exchange #Cryptocurrency
Binance Announces P2P Russian Ruble Support. Individuals in Russia have now a new way to acquire digital assets in the market. They can do so through the RUB P2P trading solution announced by Binance. At the moment, the only virtual currencies supported by this new solution include Tether (USDT), Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB). It is very positive for Russians and ... Download the Binance iOS app or Binance Android app today to trade peer-to-peer via Binance P2P with zero transaction fees. About Binance P2P. Binance Peer-to-Peer (P2P) provides easy access to cryptocurrency through a consumer-to-consumer (C2C) or business-to-consumer (B2C) model and better trading experience for users. Visit: https://c2c ... BTC/USDT Binance price chart in real-time. Stats on multiple timeframes, order book, news and trollbox. Coinalyze. Futures Data. Individual Charts; Global Charts; Technical Analysis. Bitcoin Ethereum Ripple Bitcoin Cash Chainlink Binance Coin Litecoin Cardano Bitcoin SV EOS Monero Tron Stellar Lumens Crypto.com Coin Tezos UNUS SED LEO NEO NEM Cosmos Iota VeChain Dash THETA ZCash Ethereum ... The second-largest crypto exchange by daily trading volume, as a part of the Binance coin listing news, announced the decision to enable instant purchases of four major digital currencies with the Russian ruble so let’s read more about it in our report below.. The development will allow the users of the platform to connect their Visa banking card and purchase Bitcoin (BTC), Ethereum (ETH ... Cryptocurrency exchange Binance.com is soon to launch its first fiat-to-cryptocurrency trading pairs, kicking off with the Russian ruble. — Binance (@binance) November 5, 2019. Binance is now offering the deposits and withdrawals of Ruble (RUB) in partnership with Advcash. Users can now deposit Ruble to their Binance wallet using their bank cards, credit cards, and from their Advcash wallet. Proposed Bitcoin Purchase Limit. Meanwhile, the Bank of Russia has proposed limiting the amount of cryptocurrency that unqualified investors can buy each year to 600,000 rubles ($7,734). Binance Expands its Selection of Supported Fiat Currencies One of the world’s leading crypto exchanges, Binance, announced yesterday, November 8th, that it has recently partnered with Advcash, to offer withdrawals and deposits for additional fiat currencies. Fellow Binancians, Binance will now allow users to bind their Visa cards and purchase BTC, ETH, BNB and XRP with Russian Ruble (RUB). To access this service, users can visit the “ Buy Crypto ” page, select an amount of RUB, click next, and then click “Add Card” to bind their Visa card. Once a Visa card has been added, users will be able to directly purchase tokens such as BTC, BNB, ETH ... Finally, Binance launched the recognized platform Binance.US for citizens in the country. It is possible for clients to have access to a large number of cryptocurrencies paired with the U.S. dollar (USD). Investors are currently waiting for Bitcoin to be able to start growing once again. Meanwhile, cryptocurrency companies such as Binance are ...
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