Dot and KSM Ready To Surge As Parachain Slot Auctions Nears

PrimeXBT Lead Analyst Kim Chua: Dot and KSM Ready To Surge As Parachain Slot Auctions Nears

Polkadot (DOT), the blockchain much touted as the ETH-killer, will finally be on its way to hosting projects on its blockchain in the coming three months. While the exact timing has not been fixed, it is estimated to begin once its canary chain, Kusama (KSM), completes its fifth parachain deployment. What exactly is DOT, KSM, the parachain slot auction and why will the slot auction be positive for the price of DOT and KSM? DOT is the native token for the Polkadot blockchain with smart contract capability that uses a new proof-of-stake consensus mechanism that is vastly different from the other proof-of-stake blockchains out...

Cryptocurrencies, Ethereum, Featured, Polkadot, Trading

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Total crypto assets managed by hedge funds doubled in 2020

Total crypto assets managed by hedge funds doubled in 2020

PricewaterhouseCoopers (PwC) has released a report showing that the number of assets under management (AUM) of hedge funds of cryptocurrencies is on the rise, from $2 billion in 2019 to more than $3.8 billion this year.The PwC report revealed a clear top five for cryptocurrency hedge funds. After bitcoin (BTC), which appears in more than 90% of funds, and Ethereum (ETH) with 67%, Litecoin (LTC) with 34%, Chainlink (LINK) with 30%, and Polkadot (DOT) with 28%, complete the top five in this year’s results.Of the cryptocurrency hedge funds surveyed, more than half of these are engaged in derivatives trading, although the report...

Cryptocurrencies, Main

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5 Brokers that operate with cryptocurrencies in Latin America

5 Brokers that operate with cryptocurrencies in Latin America

Cryptocurrencies are revolutionizing the financial market. But just as cryptocurrencies are still the big news, traditional trading in stocks, forex, CFDs, ETFs, and funds is an activity that needs no introduction as they have been known to the public for a long time. You need a platform or broker for this, and in the case of Latin America, that can represent a challenge since there have not always been brokers available. Novelty: Crypto brokersThe great novelty is given by the appearance of brokers that operate with cryptocurrencies in Latin America. The dynamism that cryptocurrencies provide is having an explosion throughout...

Cryptocurrencies, Featured, Trading

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covesting

Shaken Out During The Crypto Crash? Let Covesting Diamond Hands Trade For You

This week, the crypto market suffered a catastrophic crash that left investors and traders alike. Weak hands were flushed out, leaving only what the community refers to as “diamond hands” behind.The term was coined due to the precious gemstone being among the hardest substances in the world – nearly unbreakable. It requires a specific state of mind, skills, and of course, years of experience with markets.The crash especially crushed newcomers to crypto; however, Covesting’s top strategies are still well in profit, showing that the diamond hand traders on the peer-to-peer copy trading community know how to control their emotions, manage...

Cryptocurrencies, Featured, Trading

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PrimeXBT Principal Analyst: Solana (SOL), Crypto's Dark Horse Seeking to Challenge Ethereum (ETH)

PrimeXBT Principal Analyst: Solana (SOL), Crypto’s Dark Horse Seeking to Challenge Ethereum (ETH)

Among the top 20 coins that fell victim to crypto bloodshed last week, one coin managed to survive relatively unscathed: Solana Blockchain (SOL).Not only was it not a victim of the carnage, SOL even managed to make a profit of around 60% for the week, a very impressive record when most other coins were posting losses of between 20% and 50%. In fact, SOL also managed to post a record daily percentage gain in Sunday’s sell-off that caused Bitcoin (BTC) to lose 6%. This is due to a very strong uptrend that is sending the token to new all-time highs on a constant basis.For those unfamiliar, SOL is another smart contract-capable blockchain...

$SOL, Ethereum, Trading

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UMB Staking on AscendEX

UMB Staking on AscendEX

AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the staking of the Umbrella token (UMB) on Apr 26  at 2:00 p.m. UTC.AscendEX’s innovative staking product allows users to participate in staking and earn rewards directly on the platform.  Umbrella Network joins a growing portfolio of notable tokens including  DOT, ATOM, and XTZ. AscendEX will be receiving validator rewards by running a UMB node which they will pass along to staking users.Umbrella Network is a community-owned, decentralized oracle service providing secure, low-cost,...

Blockchain, Press release, Staking, Trading

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Principal Analyst PrimeXBT: Sharing Economy Tokens Could Be The Next Generators Of Wealth

Principal Analyst PrimeXBT: Sharing Economy Tokens Could Be The Next Generators Of Wealth

The month of March saw significant price increases on tokens native from shared economy projects, especially those for cloud storage and file-sharing. Tokens like ANKR and STORJ made triple-digit percentage gains after Coinbase added them, and the same was true for FIL and LPT tokens after Grayscale began offering trusts based on the latter.What’s the buzz with these cryptocurrencies and why are they making such huge gains in just 1 month?The only thing these tokens have in common is that they are all shared economy project tokens. While ANKR and STORJ offer decentralized cloud storage solutions, FIL is a decentralized file-sharing...

Crypto world, Featured, NFTs

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Sologenic Launches DEX: One Step Closer to Allow Users to Trade Tokenized Stocks 24/7

Sologenic Launches DEX: One Step Closer to Allow Users to Trade Tokenized Stocks 24/7

Sologenic announced the launch of its DEX allowing users to trade Cryptocurrencies, and the upcoming Sologenic’s Tokenized Assets such as Stocks, ETFs.TALLINN, ESTONIA Mar 31 2021 (Blockchain Wire)  Sologenic announced the launch of the highly anticipated Sologenic Decentralized Exchange (DEX) on the blazingly fast and secure Blockchain, XRP Ledger, allowing users to trade Cryptocurrencies, and the upcoming Tokenized Assets such as Stocks, ETFs, and commodities from top global exchanges 24/7 from every corner of the globe.The Sologenic DEX is an advanced decentralized trading platform that allows users to trade...

Cryptocurrencies, Exchange, Press release, Trading

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What Is Crypto Arbitrage And How Does It Work?

What Is Crypto Arbitrage And How Does It Work?

Crypto arbitrage has been around since cryptocurrency emerged in 2009. Yet, there are still many people who do not understand exactly what it is or how it works. Crypto arbitrage is nothing new. It existed in forex and equities markets before it came to crypto. As soon as crypto trading began, so did crypto arbitrage opportunities.What is crypto arbitrage?It is a practice where investors trade cryptocurrency for another cryptocurrency to get exposure to a crypto asset, and then immediately sell it back for a profit. This can either be in a single round-trip or in multiple round-trips. Usually, it’s a quick trade between trading...

Exchange, Featured, Trading

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Bybit Enters Capital Alliance with Social Copy Trading Service BitCopy

Bybit Enters Capital Alliance with Social Copy Trading Service BitCopy

SINGAPORE Mar 09 2021 (Blockchain Wire) Bybit and BitCopy, which have concluded other business alliances in a range of fields, have announced that they will also enter into a capital alliance. This will further solidify their partnership, strengthening services, stability and liquidity. As part of this capital alliance, the companies have announced plans for a large-scale collaboration. As the initial campaign event, new customers registering with Bybit who deposit on the Bybit account will receive a reward of $30–$500 in Bitcoin (BTC). Customers can receive a reward just by using Bybit and BitCopy to execute trades...

Bitcoin, Press release, Trading

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