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Comprehending Forex Trading Signals

One of the most successful financial markets to boast of a high volume of daily trading is the Forex market. In this market, trading based on different currencies takes place. The single most intriguing aspect of the Forex Market is the lack of a central marketplace. All the tradings take place over the internet networks. It is also the main reason why the market is active all the time.

When you venture into the Forex market, you will need all the help you can get. The Forex market is a steep learning curve. It will require intimate knowledge of the economic indicators and interrelationship of various currencies. It is why most traders rely on the Forex trading signals.

Forex trading signals – explained!

A Forex trading signal is basically information or suggestion surrounding a specific currency pair. If you implement it at the pre-set time period and cost, you have the chance to garner a substantial amount of profit. It offers opportunities to interested in free forex signals telegram groups to execute lucrative tradings.

Forex trading signals are a massive help to both novice and experienced Forex traders. In the case of amateur retarders, they can gain profit while still collecting knowledge about the world of currency trading. When they use the information from the trading signal, they can understand the market. They can also know more about the trading options.

In the case of experienced traders, these trading signals can help to explain their profitability. Moreover, they can use this opportunity to garner more experience in this market.

Different categories of Forex trading signals

There are various categories on which you can base the Forex trading signals. Take a look at some of them listed here.

  1. Free

In this type of trading signal, the provider offers their services without any payments. However, you must exercise caution as most of them will pressurize you to open a trading account with their commissioned broker.

  1. Paid

In the paid Forex trading signal, you have to pay a particular amount to the operators. It is a service fee for the information they will offer. Most of the service providers offer monthly subscriptions. It is much more reliable than the free ones.

  1. Manual

The manual Forex trading signals are the types, which are devised by an analyst. It can also be done with the aid of an experienced professional in Forex trading. Here, human intelligence is a vital factor.

  1. Automated

In the case of automated Forex trading signals, it is the computer or technology that creates it. With constant monitoring and assessment of price movements, algorithms are made that offer accurate information. Here, the primary benefit is the elimination of human emotion.

  1. Entry

The entry Forex signals offer information related to the entry points. It means that you can gather the data from these signals and enter the Forex market at the most opportune time.

  1. Exit

With the exit Forex signals, you can now close the opening position on the particular trade.

Examples of some common types of Forex trading signals

There are various types of Forex trading signals that you will come across. It is vital that you understand what each one means. Keep in mind that it will take time to comprehend the signals and use them to make better trading decisions. Take a look at some of the popular trading signal types.

Take Profit: It is actually set in motion when the profit reaches the preset prices.

Stop Loss: It is actually the exit point that ensures that your investment is protected. With a predetermined price set, the signal extricates you from the trade before you suffer massive losses.

Action: It is one of the most simple and easy to understand signal type. It usually comes in the format of Sell or Buy.

How to read the Forex trading signal?

Before you delve into the world of Forex tradings, you must at least understand how to read the signal. It will help you gain a better understating of the market. No matter how complicated the graphical charts and texts are, knowing the basics will definitely help you.

For instance, you observe Sell USD/EUR at CMP 0.9402 – SL 0.9438 – TP 0.9174. Now, if you have the basic idea, you can interpret the signal with ease. Here, CMP means Current Market Price, TP means Take Profit, and SL means Sell Loss. Here, the currency pair is USD (US dollars) and EUR (Euro).

Forex Market analysis and its types

There are mainly three types of Forex market analysis. These include –

1.Technical analysis

In technical analysis, there are two distinct types – automated and manual systems. While an automated system uses technology and software for generating trading signals, the manual types are generated by an expert. However, the automatic system has the advantage of eliminating human emotions before making any assessments. Here, previous price movements are taken into account.

2. Fundamental analysis

With fundamental analysis, you can assess the Forex market. For this, the parameters that are considered include unemployment rate, interest rates, and various other financial data. Moreover, any significant news that can have an impact on the economy is of importance.

3. Weekend analysis

One of the primary reasons for opting for a weekend analysis is the chance to establish an efficient trading plan. The fact that the Forex market is closed on the weekends gives the traders the opportunity to survey the market. Moreover, now is the time to develop a better trading strategy.

Forex trading signal provider

There are various factors that you can consider before choosing the best Forex trading signals provider. These include success rates, reputation, performance, etc.

Conclusion

The Forex market offers a much more challenge to the traders than any other financial market. If you want to establish yourself as a successful trader, you must take the aid of various tools and instruments. For this, the best option is to choose a reliable Forex trading signal provider. With the knowledge at hand, you can now make well-informed decisions. The massive wealth of information will definitely help you be ahead of other investors in this highly competitive foreign exchange market.

 

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Top 6 Stock Market Simulators

The crypto industry has finally said goodbye to a 3-year bear market. The new year began with a renewal of historic highs across the market spectrum. One of the reasons is that people can today use BTC, LTC, and other digital assets not only for professional purposes but also for playing at CasinoChan Canada or paying for the pizza. Yet, it’s better to try investing using stock market simulators. Here are the 6 greatest programs.

What Are Stock Market Simulators

Stock market simulator is a program or app that partially or fully reproduces and replicates trading on a real exchange. The purpose of such an application is to allow the player to get practice in trading without financial losses. Such systems use virtual money for trading, and change of quotes is carried out in a similar way, as it is carried out on a real exchange.

The benefits of such programs are obvious. Beginners can try their hand at trading, namely, to learn how to work with trading terminals, analyze charts, choose the correct entry and exit points. More experienced traders can try out new trading strategies and compare their productivity.

Crypto Parrot

Crypto Parrot is a free trading platform simulator. Designed to help you learn how to trade fast, easy and fun. The service is easy to learn, which will be useful for beginners, and advanced enough to be interesting for experienced traders.

The developers believe that sharing experiences is the best way to master cryptocurrency trading. That’s why the platform also implemented a space where experienced traders and beginners can exchange knowledge and success.

By learning on Crypto Parrot, users can gradually build up their virtual capital and earn rewards and other interesting rewards.

Altcoin Fantasy

Altcoin Fantasy is a cross-platform simulator that runs on iOS, Android and in the browser. Using it, users can transact over 1,400 cryptocurrencies using more than 10 fun games.

A rewards system has been introduced to motivate learning, with weekly prizes available. Earn points and earn rewards such as bitcoins, Ethereum, Binance tokens, or TradingView membership.

The service also provides an educational platform where users can read articles, learn how to parse charts and get the latest industry news.

Bitcoin Hero

Bitcoin Hero is a free game for those who want to learn how to trade bitcoins and other cryptocurrencies. At the start, all players get 250 USD of starting capital and can use leverage up to x10. In addition to bitcoins, Ethereum, Litecoin and Dash can be traded in the game. The prices correspond to the real market prices.

CoinMarketGame

If you are looking for a trading simulator that resembles trading on a stock exchange as much as possible, you should take a closer look at CoinMarketGame. Beginners start with a budget of $20,000. With their help, they can trade in the most realistic market, where both well-known cryptocurrencies and new little-known altcoins are represented.

The site also has a leaderboard. There, users can see what assets their competitors are trading and get inspired for a friendly competition.

Bitmex

One of the most famous cryptocurrency exchanges Bitmex offers to try yourself in trading without investing by creating a demo account. For complete beginners, this method of training may seem complicated, but a few sessions will be enough to get to grips with the platform’s functionality. In addition, users will be able to try their hand at the real trading terminal.

You can increase your virtual balance with Bitmex in several ways – open long and short positions, trade with leverage. Coin prices and listings correspond to the real ones.

F1coins

F1coins is a universal exchange trading simulator that works in real-time. F1coins connects to the popular exchanges Binance, Bitmex, Bitfenix, Poloniex and imports information from them about current rates, orders of all currently placed transactions. You can trade BTS, ETH, LTC, as well as dozens of other cryptocurrencies with F1coins.

Every trade made on a demo account is recorded in the diary, which allows you to analyze the trade. You can access your transactions diary for all users or make it personal. By studying the open diaries of other traders, you can adopt their experience.

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4 Useful Bitcoin Wallets of 2021

These days Bitcoin, Litecoin, and other digital assets are used by millions of people. With cryptocurrencies, people pay at Cookie Casino Canada, Netflix, or other online platforms. Moreover, these tokens can be a great investment. Yet, these coins should be stored in wallets, and these are the best options for 2021.

Stormgain

Multicurrency cryptocurrency wallet Stormgain was created as part of an exchange bearing the same name, registered in the Virgin Islands in 2019. The development became part of the project’s extensive ecosystem.

The Stormgain wallet is one of the most profitable options. When registering through the link, each user receives 25 USDT for deposit.

The second advantage of Stormgain is the ability to work with digital assets anonymously.

The third feature of Stormgain is a simple registration. In order to use an online wallet, the user only needs to enter his or her email address.

Coinbase

Coinbase Wallet is part of the digital asset exchange of the same name founded in 2012. The company is registered in San Francisco, USA. To use the Coinbase wallet you need to go through a registration procedure, complete with KYC and identity verification.

The company offers users of its exchange wallet to work with a large number of cryptocurrencies, including Bitcoin, Litecoin, Ethereum, XRP, and others. Coinbase’s mobile version of the wallet supports only Bitcoin, and the app is available for Android and iOS.

Users complain about the predatory fees the platform charges for cryptocurrency transactions. The system determines the fee depending on the transaction volume and the person’s location.

Coinomi

Coinomi is a browser and mobile-based multi cryptocurrency wallet. The project was registered in the Virgin Islands in 2014. Coinomi is available to work with a large number of digital assets, including Bitcoin, Ethereum, XRP and others. The wallet works on Android, iOS and a number of computer operating systems.

To start working, it is necessary to select the cryptocurrencies of interest and agree to the terms of the application. After this registration procedure, the user can buy cryptocurrency by paying with a credit or debit card.

When placing an order to purchase a digital asset, the system will ask for the buyer’s details.

It is also possible to buy cryptocurrencies on the official website of the project. A total of 12 digital assets, including Bitcoin and Ethereum, are available for purchase via bank cards. The commission charged by Coinomi is dynamic and depends on the load of the system.

Blockchain.info

Blockchain.info wallet was created by experts at the cryptocurrency company of the same name. It is available in browser and mobile versions. The system offers two types of wallet: for storing digital assets and for working on the exchange – one of the projects of Blockchain.info.

To register you will need to specify an email address. Immediately after registration, without email confirmation, the user can proceed to purchase cryptocurrency. You can use fiat to pay for the order. For example – euros.

While filling out the request to buy digital assets you will be required to enter your full name and residential address.

Blockchain.info does not charge for cryptocurrency transactions. According to the project website, only the network fee of the digital asset is withheld from the user when making a transaction.

In February 2018, it was reported that hackers stole 700 BTC from users of the Blockchain.info service. On forums, you can also find reports of users stealing smaller amounts from the platform’s wallets.

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Five Investment Strategies to Make Day Trading Less Risky

After making a new all-time high of $52,000, Bitcoin enters a consolidating stage. Although $50,000 seems a relatively strong support, some analysts are calling the market overheat. And the market sentiments are divided regarding Bitcoin’s next move. While some investors are staying on the sidelines, many turn to day trading to make profits from volatility.

Crypto futures trading platform Bexplus presents some tips for day traders to follow so they could better protect their funds in volatile markets.

Tip 1: Start with small capitals

Starting small enables you to go a long way. It is advised that you divide your capitals for multiple positions. So if the market goes against you, you can allocate a position in the opposite direction to hedge loss.

Remember, in futures trading, the buying power will significantly enlarge with the help of leverage. For example, if you open a position using 0.01 BTC and 100x leverage, the position will worth 1 BTC.

Tip 2: Practice and improve your skills and strategies

Earning money by speculating on the price movements seems like gambling, but it’s not. Successful traders are those who learn to analyze the market, keep themselves abreast of market news, and keep trying out different strategies. Choose a platform that offers a built-in trading simulator for you to practice. A good demo account serves as a sandbox for you to improve your skills and get familiar with the fast-changing market. Besides, some platforms even offer consulting services or personal account managers to users.

Tip 3: Follow a particular plan

One mistake almost every trader would make in their trading career is losing their heads. It is so easy to succumb to emotions that we fail to exit a losing position or take profit while we can. To become an experienced trader, you need a proper plan so that you know when to sell and when to purchase. It will enable you to make the decisions that are best for you. Besides, you can choose a platform with a P/L calculator so you can know in advance when to close your positions.

 

Tip 4:Trade on support and resistance

Support is a place where the price tends to find support as it falls. This means that the price is more likely to recover from this level instead of falling below it. As for resistance, it is the place where the price has the biggest difficulty breaking. If the price is close to the support at an uptrend, you could put a long order.

For instance, the $18,000 level is considered as the new resistance level of bitcoin, while the $17,000 is the support. If we use 100x leverage to open a long position with 0.1 BTC at $17,000 and close it when the price reaches $18,000, we will earn ($18,000 – $17,000) * 10 BTC/$18,000 = 0.55 BTC.

Tip 5. Keep up with the market

When it comes to investing and trading, news can make or break a trader. This is especially true for Bitcoin, which is traded around the clock and notorious for its high volatility.

There is a variety of news websites focusing on cryptocurrencies. Besides those, social media is a go-to source for news, for many analysts and industrial elites like to share their insights on social media. Some platforms also offer daily market analysis and industry news on their website to traders.

Bexplus is a recommended leverage trading platform that doesn’t require any KYC. Registration is being done through E-mail verification and users can get a demo account with 10 BTC. Bexplus platform provides its users with a 100% deposit bonus, an affiliate program with up to 50% commission reward and 24/7 customer support.

 

 
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Medical Records on Polkadot’s Blockchain; Asclepius Network Rebrands to ”Pulse Network” ahead of it’s Debut

Medical care is among the most innovative industries with constant research aimed at finding breakthrough cures and therapies for diseases that continue to ravage the human race. The research and developments are well documented with new advances continually being introduced in the health sector. Unfortunately, such documentation is fragmented with information often siloed across various data centres belonging to the research institutions.

This has created restrictions to information flow thus creating a gap that keeps such useful and new found medical knowledge away from the practitioners in hospitals. This is the gap that Pulse Network seeks to bridge ensuring that medical data is readily available and can be shared easily across the medical field.

What is Pulse Network?

Pulse Network is creating a reliable medical data repository and sharing platform to ensure seamless information flow in medical care, linking knowledge to expertise. They are building the infrastructure for state-of-the-art, AI enabled diagnostic and treatment capabilities for people everywhere, unconstrained by the limitations of the medical facilities of their locality.

The project is committed to improving the provision of medical care by unshackling information flow across the industry. In line with this commitment, Pulse Network will facilitate the collection of a wide range of data like electronic medical records, biometric data and sensor data among others to establish the first truly global medical data repository. The platform will also facilitate easy dissemination of the data to ensure doctors administer the best treatment options.

The Pulse Network solution may seem like a simple undertaking but it is a herculean task that players in the medical field have not been able to achieve to date. But, if there is one organisation you can bet on to pursue and complete such a daunting mission it is the business behind the Pulse Network, JPMedsn.

JPMedsn was launched in 2012 and since then the business has quickly built a reputation for being highly innovative. This is evidenced by a number of patents held by the company, some of which are listed on Pulse Network Website. They are now yet again summoning their creativity to develop the appropriate infrastructure for bringing reliable data to medical care through these two main products:

Pulse-EMR

JPMedsn has collated a well-researched database of diagnostics, treatment guidelines, recommended prescriptions, and latest drug information which it makes available to medical practitioners on their Pulse-EMR platform. Also, their patented data input technology significantly reduces the time taken by doctors to create patient record entries.

Pulse-Personal

It collates individual health data, lifestyle data and clinical records and gives complete control over this data to the patient itself. For instance, if a person visits a new medical practitioner, then their medical history can be seamlessly transferred to their new doctor with their permission using PulsePersonal.

How the Pulse Network solution works

Pulse will use a patented data collection software to gather medical care data from clinics, hospitals, practitioners, and even mail health checks to create a robust information bank. The proprietary software will be installed in numerous health provision facilities to enable easy capture of data and while anonymizing the users and patients identity. This will allow secure storage and sharing of the data throughout the medical field in the world.

Additionally, the application will collect data from top medical research and development institutes, specialised treatment centres and laboratories around the globe to ensure new inventions are made accessible on the platform. The software will convert all the received data into common readable format and translate it into multiple languages to widen the reach and its impacts. Users will also be encouraged to share their medical history and records as Pulse aims to accumulate a treasure trove of useful medical information.

The easy dissemination of the aggregated data will be quite useful to medical experts as they get access to new knowledge, diagnoses, prescriptions, therapies and treatments. By using Pulse, practitioners can quickly bridge the gap especially for unique conditions and areas where they have insufficient expertise.

Most importantly, Pulse Network will improve the flow of information that will greatly benefit developing countries and other marginalised regions. They are usually most ravaged by diseases yet often the last to get advanced medical care and knowledge on how to handle such pandemics. Pulse will break down the existing barriers by accelerating the dissemination of knowledge and inventions to improve healthcare for all.

Pulse to use blockchain and AI technologies

The Pulse platform will integrate both blockchain and AI (Artificial Intelligence) technologies to build the underlying infrastructure for their application.

Pulse will use AI to analyse the huge volumes of medical care data gathered the world over. This will help provide medical practitioners with the most accurate data to guide their diagnosis, prescriptions and other decision making. For instance, AI can sift through tons of records, analysing multiple data points to inform a doctor about the most commonly prescribed medication for a particular disease with the best outcomes.

They use blockchain technology to benefit from its security, decentralised network, and immutability. This will ensure all the collected data can be shared securely without compromising the users’ confidentiality. Decentralisation ensures that the network will not have a single point of failure and that the data is available 24/7. The blockchain’s immutability ensures that the data cannot be altered or deleted once it is entered in the Pulse repository.

The Pulse team has decided to build the application on Polkadot as they found it to be the most suitable blockchain for their platform. The blockchain confers multiple benefits including scalability, interoperability, smart contract functionality and efficiency among others outlined in their white paper.

In summary, Pulse Network is a revolutionary project that is going to improve the lives of many people around the world by enabling the seamless flow of knowledge and advanced care. Their innovativeness and readiness to use new technologies like AI and blockchain technology will play in their favour as they embark on this insurmountable task.

Looking forward, Pulse is going to change how data is obtained and disseminated for the benefit of the masses. A befitting achievement for a business that has always been on the front foot of advancing human health.

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Cryptocurrencies: A Risky Asset for Professional Players

Increasingly, entrepreneurs and ordinary people are asking the question of what role the state plays in their life and business: do they need in state money and services, and what are they really worth? The trends of the last decade show that the private money market is not a fantasy, it’s our possible future. A number of economists predict that large corporations will begin to work without intermediaries in 40-50 years, and cryptocurrencies issued by corporations are the most realistic alternative to fiat money.

The crypto market is banned or severely restricted in many countries because governments can’t find an efficient way to track anonymous account holders whose assets are literally intangible and growing by leaps and bounds. The Bitcoin skeptics and critics were burying the token several hundred times since it was released, and optimists predicted the growth of the first cryptocurrency in 2021 to $20,000 after its collapse in 2020. As you can see, both camps were wrong: Bitcoin is still alive and its price was more than $32,000 at the end of January 2021.

The top ten cryptocurrencies are showing growth over several years despite their volatility over short time periods. Getting your own crypto wallet today literally means that you invest in your future.

But cryptocurrencies are a risky asset, so it primarily attracts people with a special mindset. They attract players, in the broadest sense of the word.

Advantages of Playing for Altcoins

Dreams of sudden enrichment can come true, especially when playing with altcoins. Playing for cryptocurrencies has a number of advantages:

  • Bets of less than one cent are possible
  • Payments honesty control
  • High transaction speed (up to 5 minutes)
  • Anonymity when depositing and withdrawing funds

The optimistic forecasts of practitioners of economic sciences regarding the future of altcoins make tokens attractive even more for their acquisition and growth. On the Fairspin website, you can play not only for fiat money, Bitcoin and Ethereum. Players are free to choose between the most popular cryptocurrencies in the world: Tether (ERC20 and OMNI), XRP, Litecoin, Bitcoin Cash, Binance Coin, Cardano, USD Coin, EOS, Monero, Tron Coin, Stellar, Neo, NEM, DASH, Zcash, Dogecoin, Paxos Standard, Gemini Dollar.

The honesty control mentioned earlier is the main feature of the Fairspin casino. Players can track important elements of fair play such as payouts and casino balances thanks to tokens. The transaction history is encrypted on the blockchain, so you can see for yourself whether Fairspin is really playing a fair game with its guests by using a blockchain explorer of your choice.

The Fairspin Blockchain Casino Update

In 2021, it will be three years of the Fairspin gambling club has begun to operate. The casino met December 2020 with a redesign, an extended game halls and the addition of new providers. In the first month of 2021, Fairspin almost doubled its game library: more than 4,000 games by 39 providers are available to players now. Among the novelties there are games by:

  • 1×2 Gaming
  • TV
  • Blueprint Gaming
  • Caleta Gaming
  • eBET
  • EGT
  • ELK Studios
  • GameArt
  • Genii
  • Golden Hero
  • Green Jade
  • Habanero
  • Hacksaw Gaming
  • Indi Slots
  • Nolimit City
  • Oryx Gaming
  • Tangenta
  • Thunderkick
  • Tom Horn

The gambling club team has big plans for the current year: to add new payment methods, to enter new foreign markets, to expand the game library and bonus program.

Subscribe to Fairspin social networks on Telegram, Facebook and Twitter to keep abreast of the news of the project.

And if you are attracted by adrenaline, drive and big wins, go to the casino website, top-up your gaming account with the promo code 7FCID5NY, and win a ticket to a comfortable cryptocurrency future! By using the promo code you will find a 150% bonus — it’s your additional chance of success.

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ETH Ready To Outperform Bitcoin?

The crypto market is heating up again. After trading whipsaw for over a week, Bitcoin and altcoins are showing signs of rallying. Bitcoin is up 5.5% to $38,288 while ETH gained over 8% to $1,695. ETH performed better than Bitcoin since 2020, increasing over 724% for the year.

 

Although Bitcoin is in the spotlight, many analysts shared that ETH could outperform BTC in 2021. For one thing, according to Grayscale, the proposed EIP-1559 fee and burn mechanism of ETH could be a bull catalyst that creates “a positive feedback loop for Ether’s price”. Proposed by Ethereum co-creator Vitalik Buterin and Ethhub co-founder Eric Conner in April 2019, EIP-1559 aims to bring down the gas fees of the Ethereum network by introducing market rates and burn mechanism. The fee of the Ethereum network is infamously high, and congestion is a common occurrence.

The recent rally of ETH could be attributed to the launching of ETH 2.0, which promises lower fees and faster-responding speed. Like Bitcoin, ETH is getting more attention and recognition from institutional investors. The about-to-launch Ether Futures on the Chicago Mercantile Exchange (CME Group) recently announced that its cash-settled Ether Futures is another factor that improves ETH’s potentials.

Bexplus is a Bitcoin-based trading platform offering 100x leverage and contracts for BTC, ETH, EOS, LTS, and XRP. Registration requires no KYC and takes 60-seconds. A Bexplus account grants you access to trading simulators, built-in charting software, up to 30% annualized interest bitcoin wallet, and 100% deposit bonuses.

  • Easy Registration with No KYC

Traders can register an account with just an email and this process only takes a minute. No KYC protocol is carried out throughout trading so you don’t need to worry about information leakage.

  • 100% Bonus to Help You Maximize Profit

Doubled margin helps you double your profits! Deposit 1 BTC and you will get 2 BTC. Up to 10 BTC is available in each deposit and you can withdraw all the profits generated by the bonus. Furthermore, bigger margins mean that your positions are less likely to get liquidated. Your positions will be better secured in the highly volatile market.

  • 10 BTC for Demo Account

Bexplus is known to be a beginner-friendly exchange: every user will get a demo account with 10 BTC upon registration. Users can explore futures trading with the demo account and learn to analyze the market.

  • BTC Wallet: up to 30% Annualized Interest Without Any Risks

Bexplus users can gain profits not only from trading. Join the Bexplus wallet, you can earn up to 30% annualized interest without taking risks. With up to 30% annualized interest, it is no doubt one of the most profitable rates in the industry. While most lending platforms require traders to deposit at least 1 BTC, traders can make a deposit starting from 0.05 BTC on Bexplus.

  • Trade Freely on Android & iOS

The top-ranking Bexplus app integrates all the necessary functions and tools (real-time charts, a variety of indicators, news alerts and etc.) while keeping a minimalist and intuitive interface. With the Bexplus app, you can manage your account anywhere and anytime you want. Furthermore, the 24/7 notification could keep you updated with big price movements, making it easier to secure your positions.

Meanwhile, if you want to improve your trading skills, pls feel free to contact our analyst telegram (https://t.me/Bexplus_Jane).

 

Follow Bexplus on:

Website: https://www.bexplus.com/
Telegram: https://t.me/bexplusexchange
Apple App Store: https://itunes.apple.com/app/id1442189260?mt=8
Google Play: https://play.google.com/store/apps/details?id=com.lingxi.bexplus

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DeFi in 2021 – Will It Stand the Test?

The total value of the DeFi market has jumped by 2,000% in just twelve months, but compared to the total market capitalization of all cryptocurrencies, DeFi accounts for less than 2%. This means that there is plenty of room for growth and in 2021, DeFi could take off if the authorities do not impose any restrictions or attack the growing number of stablecoins.

It is possible that the total value locked in the DeFi space will surpass $100 billion, as there will be greater integration of crypto-tools in the financial industry, and related technologies into the real economy. To move to the next level of global acceptance, cryptocurrencies need full legalization in key economies and this process will continue in 2021, as the market will remain attractive for institutional and private investors.

The signs of growing adoption are there as central banks will be soon launching a large number of pilot projects to implement CBDC (Central Bank digital currency) instruments, and large corporations will start testing their own stablecoins. But risks remain as a correction of Bitcoin to around $20 thousand or even up to $15 thousand in some negative scenarios could mean a disruption of all those plans.

An important factor to remember when making predictions is that the crypto market is largely based on speculation, making it difficult to project its development far into the future. Many analysts are saying that at the beginning of 2021, the cryptocurrency market may face a 25-30% decline. But it is important to highlight several important trends that will become the main drivers of the growth of BTC and the altcoins as the year continues.

The key and most important factor influencing growth is the influx of companies from the S&P 500 list to the crypto market. Several large purchases of Bitcoin were already marked last year, which led to fluctuations in the exchange rate of the king of crypto. Given that Bitcoin is the most profitable investment instrument to date, the capitalization of the cryptocurrency market will continue to increase.

The growth of the DeFi ecosystem is another major factor, as the industry has surpassed $270 billion in transaction volume and is showing no signs of abating. In fact, it is the DeFi sector that is fueling interest in stablecoins and assets capable of providing passive income generation through yield farming.

Assets like the Wrapped ILCOIN (WILC) stablecoin presented by the ILCOIN Development team for stimulating the development of new technological breakthroughs for the blockchain and DeFi industries. WILC is part of the unique ILCOIN technology supported by the fastest available RIFT Protocol second layer solution powering the DCB smart contract system designed for storing large amounts of data in a decentralized manner. WILC is in league with the rest of the DeFi market as a yield farming instrument traded at a 1:1 ratio with the native ILCOIN at around 1 USD per coin.

While most are looking at capitalization rates, some players in the DeFi space are using the current potential of cryptocurrencies for powering development and bringing new technologies to the forefront. It is quite possible that if a recession does hit, those with tangible, technological assets on their hands will end up the real winners and may continue the fight for the adoption of cryptocurrencies worldwide as means of payment with new, more advanced tools at their disposal.

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A DeFi Future or Bust

The start of 2021 has seen a revival of Bitcoin – the major cryptocurrency that acts as a tug for the rest of the crypto market. And though the surge in its price marks an important milestone in its history, a major question remains about the viability of the rest of the market and the phenomenon of DeFi that has led to the popularization of cryptocurrencies as means of payment in 2020.

There is no doubt that cryptocurrencies are shrouded in more doubt than opportunity as most participants in the crypto community have different attitudes towards the DeFi market. Some are enthusiastically following its success and praising the possibilities of digital currencies, while others are using DeFi to earn on its lifecycle. There are others still, who are looking for alternatives for earning on the market in light of the economic woes beleaguering the world.

But the future holds some moot points for the DeFi market and there are questions about whether it can survive in 2021. Despite the limited application of most projects that emerged on the crest of blockchain hype, DeFi has proven to be one of the most adoptable aspects of decentralized technologies in the real world. The given factor makes it clear that DeFi will occupy a certain niche in the financial market. An indirect sign of the viability of DeFi is the emergence of new projects supported by major players on the market, such as Binance and other exchanges.

Another important aspect of decentralization is its ability to provide additional passive income through staking and investments. As BTC has become heavily dependent on a small number of large mining pools that few can compete with, blockchains like ETH are offering average holders of assets the chance of becoming validators in staking without the need of having expensive equipment. A relatively low barrier to entry guarantees decentralization and prevents compromise of the blockchain network along with income.

The main advantage of DeFi solutions is their decentralized nature, which removes legal restrictions and allows users to quickly conduct transactions with cryptocurrencies quite reliably due to the use of the blockchain and without excess KYC requirements. Another example of the results of the growth of DeFi is innovations in the field of related technologies and offerings, such Wrapped ILCOIN – the latest development released by the ILCOIN Development team.

ILCOIN is a unique technology supported by second-layer RIFT Protocol solutions while WILC acts as a stablecoin in a similar way that Wrapped Bitcoin works and allows for passive income generation opportunities. WILC is an ERC-20 token that works on the Ethereum Virtual Machine and is tradable directly with the native ILCOIN asset and Ethereum by novice and expert crypto enthusiasts. One of the main purposes of WILC is to allow the development of the DCB smart contracts system capable of storing large amounts of data in a decentralized manner. WILC is scheduled for release at the beginning of February 2021, and will be tradable for ILCOIN at a 1:1 ratio from the moment of launch.

The successful launch of WILC and the DCB it is designed to fund and support is but one of the examples of how DeFi is being used not only to empower average users to find new earning opportunities but support promising technologies. If the trend continues, 2021 can see the birth of some interesting developments that can act as off-ramps for greater cryptocurrency adoption.

The post A DeFi Future or Bust appeared first on Live Bitcoin News.

Source: Live Bitcoin News

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How to Choose a Reputable Gambling Site?

Even though the online gambling industry was experiencing steady growth over the last couple of years, its popularity has been skyrocketing since the beginning of this year. Many long-time passionate players have started to enjoy the luxury of betting on low deposit casino platforms. The number of sites dedicated to gambling is continuously growing, and it’s becoming somewhat difficult to choose the right one.

As many big companies are trying to enter this market, the competition is fierce. Online casinos try their best to attract new players by offering various benefits like bonuses, promotions, and gifts for regular players. Nonetheless, many bettors still have a difficult time choosing the casino they’re going to play in. They don’t know what makes a good gambling platform and how to choose the right one.

In this review, we’re going to show you what makes a good gambling site and how to choose it. Now, this is a very complex topic, and it needs to be addressed with maximum focus — that’s exactly what we’re planning to do. So stay with us!

1.  How to Choose a Reliable Betting Platform?

Every gambling site can be assessed from many different angles. Before you begin your search and analysis, you need to know what you’re looking for. So, let’s see!

2.   Determine Your Goals

The large and unpredictable jungle of online gambling is filled with thousands of different gambling sites. It would take you too long to analyze them all, so such an effort would prove pointless. You must, therefore, set a goal. No matter what the current trends are, the gambling platform you’re going to play on has to satisfy only your needs and requirements. Once you determine this, you may begin your quest.

3.   Conducting Research

Gambling sites that seem attractive at first glance need to be appropriately analyzed. This means you should make your account and try to play some games. Read as much as you can about the company and the licenses it holds. You should try to determine if the gambling authority that issued this license is well-known and if its track record can be checked. Is the site itself fast and responsive? Is it well-designed and easy to navigate?

Online gambling forums turn out to be very useful resources for this kind of research. There, you can meet all sorts of gamblers, both rookies and experienced ones, and ask them for their opinion. You can ask for advice — who’s more appropriate to give it than those who have been gambling for years? You can also check if there have been any complaints about the platform you’re interested in or if it ended up on some kind of a blacklist.

4.   Payment Methods and Money Processing

When assessing an online gambling platform, you should always carefully examine the payment methods it offers. Nothing is more important than the safety of your money. It would be best if the casino collaborated with some famous names from the payment processing industry, such as Visa and Mastercard. Of course, these are not the only two you should be looking for. There are many other highly respected brands you can count on.

One of the most important things about money processing is the duration of transactions. It can vary a lot depending on the casino you choose, so make sure you check such details before making a deposit. Also, make sure you’re aware of all the fees that expect you, both standard and additional. Checking all the conditions and requirements is what’s going to keep you safe.

5.   Customer Support Service

No good online gambling platform can be imagined without a group of reliable customer support agents. Their job is to be available around the clock. Aside from being well-informed about all the important topics, customer support agents have to be friendly and eager to help. When a problem appears, they’re the ones who tackle it first, and the future of every gambling platform depends on them.

6.   Bonuses and Promotions

There’s no better magnet for new players than a well-designed offer of generous bonuses and promotions. This is one of the most important aspects of every gambling site. All players like them and they want to collect as many as possible. Even if profit is not your primary goal, you should always prefer platforms with better bonuses. This way, you can use your bonuses to increase the number of games you can play.

7.   Collection of Games

Another way to recognize a high-quality gambling site is by its collection of good games. A good gambling platform should have a wide variety of interesting and engaging games made by some of the most famous software producers in the world. Games can often be checked for free, so this shouldn’t be a problem. Try the ones you like to play and see if there are any of those annoying bugs or errors everybody hates to see.

8.   Security System

Every successful online gambling platform must implement some of the latest security measures. By that, we mean SSL-encryption and other reliable safety algorithms. These protect you from all sorts of hackers and internet scammers. Their sole purpose is to hide your private and financial data so that no one can abuse it. To make sure everything works as it should, you should always start by depositing smaller amounts of money.

Conclusion

All things considered, finding the perfect online gambling platform isn’t an easy task, but it can be done. Many aspects need to be carefully examined, and some of them require more in-depth knowledge in fields like software development and online security. All you need to do is stick with these directions and listen to your instinct. Never rush things, because success takes time.

The post How to Choose a Reputable Gambling Site? appeared first on Live Bitcoin News.

Source: Live Bitcoin News