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Cardano Surges To Top 10 Following A PwC Partnership Announcement: ADA Price Analysis & Overview

  • Today, Cardano went up by 13.74% gains as buyers continue to show interest.
  • The biggest gainer on market cap targets $0.064 in the near term.
  • Cardano’s bullish sentiment is still moderate against Bitcoin, awaiting a clear break.

ADA/USD: Cardano is Poised For More Gains After Surging To $0.042

The latest surge in the price of ADA could be traced to the Cardano foundation’s partnership with PwC, a Big Four auditing firm. This collaboration came through as a way of preparing and promoting Cardano blockchain for global use and adoption. Using smart contracts for cross-border payments, Cardano could of course skyrocket in the future as soon as this event begins to take shape.

Cardano USD Price Chart
ADA/USDT. Source: TradingView

Key Resistance Levels: $0.055, $0.064, $0.070
Key Support Levels: $0.0463, $0.042, $0.0361

Against the USD, Cardano saw a lot of bullish sentiment over the last 48-hours after gaining momentum from $0.042. While ranked 10th position in terms of market cap, the price of ADA is currently up by 13.74% over the past few hours.

Not just that, Cardano is the most significant gainer amongst the top 20 cryptocurrencies at the moment. The bulls have taken control of the market. The ongoing surge could get more significant if volumes continue to troop into the market. Otherwise, a small retracement could provide room for the bears.

Cardano Price Analysis

Cardano’s price has clearly seen some substantial increase after bouncing back from a five days consolidation cycle. ADA retested the $0.042 level with a wick into the second green support area last weekend. Yesterday, ADA successfully surpassed $0.0463, which now holds as support.

Today, the bullish sentiment was followed by another green candle that almost touched the immediate red area of $0.055. Meanwhile, the price range for the early January break is targeted at $0.064 – the second red resistance area. If the buyers push the price beyond this resistance, Cardano is most likely to hit $0.070 in no time.

Looking at the daily price chart, we can see that Cardano’s volume is increasing by the day. If buyers continue to reinforce setups we can expect a long bullish momentum. If not, a weak momentum could lieu the sellers back in the market.

ADA/BTC: Bullish Sentiment Still Shaky As Wedge Break Is Yet To Confirm

Cardano has continued to reiterate the past weeks of a positive move, which is now setting a tone for the long-term buyers. This bullish sign was restored after yesterday’s notable gains, followed by a long opening today – although the bullish pressure is quite moderate against Bitcoin.

Cardano BTC Price Chart
ADA/BTC. Source: TradingView

 

Notwithstanding, the future looks bright for ADA as gains are expected to continue up in the coming days.

Cardano Price Analysis

Cardano is dramatically breaking out of the ascending wedge that was formed since August 2019. But the breakout is not clear enough at the moment. If the current daily candle manages to close well above the wedge, especially beyond the 550SAT level, ADA would target the red resistance zones of 644SAT and 700SAT before making the next major move.

If the price drops back in this wedge, however, Cardano could retest 500SAT level as support. Also, a continuous drive might roll the price back to the wedge’s support of 450SAT level. A breakdown on the wedge would launch ADA in a new bearish phase. But looking at the current price movement, the buyers are just showing interest in this market.

For a long-term bullish confirmation, we need to see a clean break above the wedge. A false break could manifest a serious bearish scenario for Cardano. It’s important to wait for these clear signals before jumping into trades.

The post Cardano Surges To Top 10 Following A PwC Partnership Announcement: ADA Price Analysis & Overview appeared first on CryptoPotato.

Source: Crypto Potato

BTC HODL Target Found? Almost 50% Say They Will Sell If Bitcoin Price Reaches $100,000

An interesting poll on Twitter revealed that if Bitcoin’s price reached $100,000, most people would prefer to sell either all or some of their holdings for fiat. A comparison with another poll, however, shows an exciting consistency with what Bitcoin holders supposedly intend to do.

Majority Will Sell If Bitcoin Price Reaches $100,000

One of the most important decisions that an investor has to do is to come up with an exit strategy. In other words, they need to have a clear picture in mind as to when to sell their holdings.

Bitcoin is no different. Despite the multitude of specifics that it has compared to traditional assets, it’s also an investment option as any other – its price goes up and down. As such, those who buy it as a means of investment need to come up with a figure at which they’d eventually dispose of their holdings.

That’s precisely what popular cryptocurrency commentator Chris Dunn aims to understand with his latest Twitter poll.

Bitcoin HODL Poll

In a straightforward question, Dunn asks Bitcoin holders what they would do if BTC’s price reaches $100,000. Over 1,700 people took part in the survey, where 45% of them answered that they would sell some or all of their BTC for fiat.

Another major part of the voters answered that they would sell their Bitcoin for physical assets. In other words, $100,000 seems like a number that a lot of people consider as a price target to dispose of their BTC holdings, at least partially.

Interesting Similarity

Going beyond this, however, the poll also reveals a very interesting similarity when compared to a similar survey from not so long ago. In late 2019, Cryptopotato reported on a similar poll carried out by Binance Life, which showed that 23% of the people don’t intend to sell their Bitcoin holdings at all.

In Dunn’s poll, 20.8% of people said that they wouldn’t be selling their BTC if it reaches $100,000 but instead would “HODL everything.”

This brings us to the other group of people who buy Bitcoin – those who are in it for what it was intended to be – a viable, peer-to-peer means of electronic payments. In a scenario where Bitcoin replaces traditional fiat currencies, however far-fetched this might seem right now, one wouldn’t need cash as he’d be spending his bitcoins instead.

The post BTC HODL Target Found? Almost 50% Say They Will Sell If Bitcoin Price Reaches $100,000 appeared first on CryptoPotato.

Source: Crypto Potato

Japan’s Economy Minister Warns: Concerns Of The Coronavirus Impacting Global Economy Grow

The sudden breakout of the coronavirus in China and its continuous spread might already be taking its toll on the local and even global economy. In a recent statement, the Japanese Economy Minister said that he believes corporate profits and factory production are taking serious hits. And while major indexes are charting losses across the board, Bitcoin and gold continue their increase.

Coronavirus Impacts The Economy

The Japanese Economy Minister Yasutoshi Nishimura recently stated that the coronavirus outbreak is causing serious threats to the global economy. On a local level, he said that he’s concerned a lot, especially when it comes to tourism. Chinese tourists account for 30% of the people who visit Japan for that purpose. As such, transportation hurdles, as well as cancellations are among the minister’s prime concerns. If China’s affected cities remain closed, Nishimura fears that it will have more negative consequences on the Japanese economy:

“If the situation takes longer to subside, we’re concerned it could hurt Japanese exports, output, and corporate profits via the impact on Chinese consumption and production. “

According to Hideo Kumano, chief economist at Dai-ichi Life Research Institute, the decline in Chinese tourists could decrease Japan’s GDP growth by 0.2%. Moreover, he is also worried that this could negatively impact the upcoming 2020 Tokyo Olympic Games.

Some of the most notable names in the automotive industries have operations in Wuhan – the epicenter of the virus. The Japanese giants Nissan and Honda are among them, according to a recent report. Apparently, Nissan is planning to evacuate employees from the city, while Honda is already in the process of doing so.

Coronavirus Takes A Toll On Global Markets

The most common Japanese stock index – the Nikkei 225 is already feeling an adverse effect, with a 2.9% decrease in a full day. Other Asian indexes are performing similarly bad. Thailand’s SET index is down with the same percentage, while South Korea KOSPI is down 3.2%. As Cryptopotato reported, major international indexes such as the FTSE100 are also charting slight losses.

Contrary, Gold and Bitcoin are noticing price increases. The precious metal’s climb comes with 1.28% in the last few trading days. The largest cryptocurrency records an even higher ascend of over 8% since yesterday.

BTC/USD Compared With XAU/USD. Source: TradingView
BTC/USD Compared With XAU/USD. Source: TradingView

As popular economic theories hold, Gold is generally the go-to financial asset whenever the global markets take a hit. However, the precious metal might have some competition in this manner. Bitcoin has so far demonstrated a negative correlation with traditional markets and it might be the case that investors are looking at it as a hedge in times of economic uncertainty.

The post Japan’s Economy Minister Warns: Concerns Of The Coronavirus Impacting Global Economy Grow appeared first on CryptoPotato.

Source: Crypto Potato

Can Ethereum Follow Bitcoin’s Latest Bull Run And Finally Target $200? ETH Price Analysis & Overview

  • Ethereum saw another 4% price increase over the past 24 hours of trading, which caused it to climb back into the resistance at the 200-days EMA.
  • Against BTC, ETH dropped beneath the short term ascending triangle but found support at the .382 Fib Retracement.
  • Ethereum is still struggling to break the 200-days EMA resistance, which is bolstered by a bearish Fib Retracement. Once it breaks this, it could be heading toward $185.

Key Support & Resistance Levels

ETH/USD

Support: $165, $158, $145, $133.50.

Resistance: $174, $181, $186, $193.50.

ETH/BTC:

Support: 0.019 BTC, 0.0188 BTC, 0.0185 BTC, 0.0181 BTC.

Resistance: 0.0195 BTC, 0.020 BTC, 0.0204 BTC.

ETH/USD: ETH Pushes Toward 200-days EMA and Stalls At Bearish .5 Fib Retracement

ethusd-jan28

Since our last analysis, ETH went higher above the support at $165 to meet the resistance at the bearish .5 Fibonacci Retracement level at $173.70. The 200-days EMA also adds to the level of resistance in this area as it hovers at $172.50. If Ethereum breaks this line, it could be clear to rise toward the $185 level.

Ethereum still is trading within a bullish trend. However, it still must break the resistance at $173.70 for a medium termed bull run to form. If ETH were to drop back beneath the support at $158, it would turn neutral with a further drop beneath $133.50 turning the market bearish.

Ethereum Short Term Price Prediction

If the bulls manage to crack $173.70 (bearish .5 Fib Retracement & 200-days EMA), the next 2 levels of resistance lie at $178 and $181 (1.272 Fib Extension). Beyond this, resistance lies at $186 (bearish .618 Fib Retracement) and $193.50. On the other hand, if the sellers push the market lower, support can be expected at $165 and $168.70 (short term .382 Fib Retracement & 100-days EMA). Beneath this, support lies at $156, $152.44 (.5 Fib Retracement), and $150.

The RSI continued to bounce higher after rebounding from the 50 level, which shows the bulls remain in charge of the market momentum. Additionally, the bullish crossover signal from the Stochastic RSI has continued to develop as the moving averages expand away from each other. If they can continue to increase, the bullish pressure within the market could bring the price above the 200-days EMA resistance.

ETH/BTC: ETH Breaks Beneath Ascending Triangle Formation

ethbtc-jan28

Against Bitcoin, ETH broke beneath the ascending triangle pattern that it was trading within, leading it to drop back into the short term .382 Fibonacci Retracement support at 0.0188 BTC. It rebounded pretty aggressively from this support, causing it to rise back above the 0.019 BTC level again. 

Ethereum remains neutral against Bitcoin. However, if it were to drop further lower and break beneath the support at 0.0185 BTC, it would establish a short term bearish trend. To turn bullish, it must rise and break above the resistance at the 100-days EMA and the 0.0195 BTC level. 

Ethereum Short Term Price Prediction

If the sellers resume their downward pressure, the first level of strong support lies directly at 0.0188 BTC (.382 Fib Retracement). Beneath this, additional support lies at 0.0185 BTC (.5 Fib Retracement) and 0.0181 BTC (.618 Fib Retracement). On the other hand, if the bulls continue with this rebound and break 0.0192 BTC, the first level of strong resistance lies at 0.0195 BTC (100-days EMA). Above this, resistance lies at 0.0201 BTC and 0.0204 BTC, which is provided by the 1.272 and 1.414 Fib Extensions, respectively. 

The RSI has now dropped slightly beneath the 50 level, which is a worrying sign for the bulls. If the RSI closes beneath 50, then ETH will retest the support at 0.0188 BTC and will most likely head further beneath it. The Stochastic RSI has expanded from the bearish crossover signal, which indicates the bears are beginning to strongly dictate the momentum.

The post Can Ethereum Follow Bitcoin’s Latest Bull Run And Finally Target $200? ETH Price Analysis & Overview appeared first on CryptoPotato.

Source: Crypto Potato

Bakkt’s President: The Days Of Unregulated Bitcoin Derivatives Exchanges Won’t Last Forever

Bakkt, the Bitcoin Futures trading platform for institutions, had caused a lot of positive noise before its actual launch in mid-2019.

The platform is backed by ICE, and since its launch, there is a constant growth in its daily reported traded volume. It had crossed the benchmark of 6,000 delivered Bakkt Bitcoin Futures. Those are contracts traded at ICE Futures US.

Earlier today, during a closed Bakkt event in Tel Aviv attended by CryptoPotato, President Adam White discussed the current state of the crypto regulations, along with Bakkt’s plans. He also hinted at Bakkt’s next contracts beyond Bitcoin.

bakkt_adam_white-min1
Adam White, President of Bakkt, in Tel Aviv. Photo by: CryptoPotato

The Only Fully Regulated Bitcoin Market

According to White, Bakkt is the world’s first and only fully regulated end-to-end market when it comes to the price discovery of Bitcoin.

What does that mean? Bakkt has a regulated custody, regulated exchange trading, and regulated clarity. Bakkt is not vertically integrated. It has a monolithic structure that is a custodian, and, according to White, this kind of model is essential, unlike other markets where the custodian and the chains tend to be separate.

White, as an early employee of Coinbase, doesn’t see them as a custodian at all. “I was an early employee at Coinbase, and your custodian didn’t even call it custody. It was just a byproduct of what you had to do to be able to trade.” – Explained by White. “We think it’s really important that while ICE is a majority shareholder and investor in Bakkt, they are not our outright owner.”

Unregulated Venues Won’t Last Forever

White states that ICE is helping to bring crypto trading onto regulated markets, and that a lot of what is done by him and his team is carried out by working with regulators in the US and abroad.

Unlike Bakkt’s regulated way that has its market data based on their physically delivered futures contracts, White sees a challenge with unregulated exchanges in the fact that their market data is self-reported and that there is no regulatory oversight there.

“We’re watching trading happening offshore, on unregulated venues, with very little KYC, no AML – these days are not going to last forever.” And yes, White is aiming directly at BitMEX, Bybit, and the other leading crypto margin exchanges. “Regulators are slow, but they are persistent, and they will not allow this to happen indefinitely.” Concludes White.

Former CEO, Senator Kelly Loeffler, To Help Drive Crypto Legislation

Recently, Bakkt’s former CEO, Kelly Loeffler, stepped off her position as a CEO at Bakkt to take a seat in the US Senate. Naturally, this aligns with the company’s long-term goals.

“Our role is also helping advocate, educate, walk through how regulators can embrace this (cryptocurrency) technology without stymieing and squirming, without trying to shut it down and actually think this is really cool.”

“She (Kelly Loeffler) is now one of a hundred senators in the US and can help drive legislation and educate the US Congress on how crypto can actually solve some problems.”

Kelly Loeffler
Kelly Loeffler. Former Bakkt CEO, now US Senator

Ethereum Contracts – The Next Bakkt Product?

One of the most exciting questions is whether Bakkt plans to expand its contract variety.

At the time of this writing, out of the thousands of cryptocurrencies, Bakkt offers only Bitcoin contracts.

“We want to be able to store anything our customers want. We’re a business and we’re here to provide that service. Now does that mean ICE is going to create a future on every crypto asset? Probably not.”

However, White gave some clues of the next cryptocurrency that will be added to their platform. “There’s still a lot of cryptocurrencies that it’s unclear if they securities, Are they currencies or commodities. The CFTC has only said they’d theoretically have approved futures on mainstream crypto assets, Bitcoin and Ethereum. Other than that, it’s still unknown. It’s under us.”

The post Bakkt’s President: The Days Of Unregulated Bitcoin Derivatives Exchanges Won’t Last Forever appeared first on CryptoPotato.

Source: Crypto Potato

The Coronavirus Hedge? Bitcoin And Gold Rising Together As Chinese Lockdown Expands

Bitcoin’s price surged 6% in 48 hours from the $8250 handle to above $8770. The price movements come as the coronavirus continues to spread in China. The Wuhan virus epidemic continues to plague throughout the country and abroad. Medical authorities confirmed a fifth case of the SARS-like virus in the United States. Much broader markets like the U.S. equities have been affected by coronavirus fears. It’s quite likely Bitcoin is getting caught up in the turbulence.

China’s Coronavirus Keeps Spreading

On Sunday, the Centers for Disease Control confirmed the fifth case of coronavirus in the United States, this time in Arizona. Authorities have diagnosed U.S. residents infected with the Wuhan virus across the country. They live in Washington state, Chicago, Orange County, and Los Angeles County, California. They all recently visited the Chinese city of Wuhan.

Meanwhile, China has taken drastic measures to respond to the crisis. The urgent response underscores the seriousness of the epidemic. The government has quarantined the city, locking down two other towns as well, and plans to build a hospital in just six days to treat patients.

Stock Market Dreading Financial Costs of Coronavirus

Markets have taken notice. The New York Stock Exchange nervously retreated for the fourth consecutive day Friday. Over the weekend, Dow Jones Industrial Average futures sank with growing dread over the financial cost of the virus. At Monday’s open, the Dow took another plunge. Oil prices are down 10% as the panic continues. But the Bitcoin price and spot gold have surged.

Historically, gold has been a global macro hedge against uncertainty and economic slowdowns. But “digital gold” has stepped into that role as well. Bitcoin was designed in a way that digitally simulates the properties of gold (scarcity, durability, portability, and fungibility). Studies of its price actions have shown Bitcoin to be every bit as much an uncorrelated asset as gold.

Bitcoin Acting As Global Hedge, Again

When capital flees from bonds and equities, it usually takes shelter in harder assets like gold and even Bitcoin. That’s ironic. All but the most rabid Bitcoin “hodler” on the lunatic fringe of crypto adoption would say Bitcoin is very risky.

If the coronavirus spreads throughout China and further, it could wreak economic devastation. Sick people aren’t very productive people. And they don’t make great consumers either. If everyone stays inside, doesn’t travel, doesn’t work, doesn’t shop – the economy will slow down. But in the best case scenario, with a perfect Chinese response that contains the epidemic, the containment response itself can disrupt the economy.

The disruptions won’t be locally or regionally confined either. Wuhan is an important transportation hub. But it’s been knocked out of the global network. China is the world’s second-largest economy by GDP. But market analysts say the coronavirus quarantines and travel bans will knock GDP down in the first quarter.

If the crisis worsens, it might be the case that investors will seek protection for their money in assets that are uncorrelated to the traditional financial and stock markets. As stated above, Bitcoin and gold have already displayed those qualities.

Bitcoin is already up more than 2.5% on the day, while gold charts an increase of about 0.5% in the past 24 hours alone.

Disclaimer: This article is the opinion of the author, and does not represent professional financial or investing advice.

The post The Coronavirus Hedge? Bitcoin And Gold Rising Together As Chinese Lockdown Expands appeared first on CryptoPotato.

Source: Crypto Potato

Bitcoin Cash Price Analysis: BCH Surges 13% As Bulls Get Back In Town

  • BCH is one of the biggest gainers over the last 24 hours..
  • Bitcoin Cash is following bullish sentiment across its trading pairs.
  • Sellers are waiting to scalp gains from potential pullbacks.

BCH/USD: BCH Bounced Back After Major Corrections, Poised For More Gains

Key Support Levels: $423, $500
Key Resistance Levels: $310, $275

Since the entire crypto market recovered from the eight days correction, Bitcoin Cash has seen about a 13% increase, touching $375 on the day. As one of the biggest gainers in the past 24 hours, BCH is now trading around $367. Meanwhile, the ongoing bullish sentiment is holstered on $310 support.

BCH is currently the 4th largest cryptocurrency with a $6.69 billion market cap valuation. We can expect more gains as long as the trading volume ($4.2 billion) continues to increase.

BCHUSD, Daily Chart
BCH/USD. Source: TradingView

Bitcoin Cash Price Analysis

Earlier this month, Bitcoin Cash broke out of a descending channel that captured the mid-2019 bearish momentum. This breakout was characterized by a strong bullish candle that was later followed by a series of increases to hit $400 on a monthly high. After meeting rejection, BCH corrected to $295 with a pin bar candle on January 24.

Over the weekend, BCH showed strength one more time with a bullish engulfing candling, which brought a quick bounce back in the market. Today, the bullish sentiment became more significant after producing a green candle. If the buyers continue to reiterated setup, we should expect resistance at $423 before the end of this week. $500 is most likely to surface.

BCH is enjoying support on the blue-broken rising trend line. If the price drops and breaks below this diagonal support, BCH may roll back to the grey area of $310. Below this support lies $275. Regardless of the above, BCH is considered bullish against the US Dollar.

BCH/BTC: The 0.037SAT Level Reactivated Bullish Sentiment For BCH, What’s Next?

Bitcoin Cash has resumed the long-term bullish bias against Bitcoin. The breakout from last weekend restored the buyers’ hope after witnessing about 20% drops within a week. As shown on the 4-hours chart, the previous 24-hours bullish momentum was quite strong and notable.

At the time of writing, Bitcoin Cash is priced at 0.0421SAT. The latest positive move shows that the BCH volume is increasing by the day. If the buyers continue to remain active, we may see more notable gains in the next few days. Otherwise, sellers might regain control.

BCHBTC, 4H Chart - January 27
BCH/BTC. Source: TradingView

Bitcoin Cash Price Analysis

BCH is currently looking bullish on the 4-hours chart. As we can see, Bitcoin Cash found support around 0.037SAT level on the grey horizontal area. After regaining momentum, BCH further climbed above the blue-dotted descending line and followed by a break above the 0.0403 resistance, now support level.

More so, the current upward trend is supported by a white rising trend line that was drawn from January 8 support. At the moment, BCH is targeting 0.0451SAT level – the monthly resistance. A surge above this mentioned level could propel buying to 0.050SAT level in the coming days.

Though, the bulls seem to be getting exhausted at the moment. If BCH drops now, the support to look out for is 0.0403. However, it could bounce back on the white trend line if the price further dips.

The post Bitcoin Cash Price Analysis: BCH Surges 13% As Bulls Get Back In Town appeared first on CryptoPotato.

Source: Crypto Potato

Bitcoin and Altcoins Surging In Contrast To Tumbling Global Markets Amid Coronavirus

One of the most concerning and substantial pieces of news early in 2020 came from China. The country saw the outbreak of a new coronavirus in mid-January in the Chinese city of Wuhan.

Supposedly originating in a local food market in the city, the virus now spreads over a broader territory while the number of diseased has grown to upwards of 3,000. In a bid to contain the deadly virus, Chinese authorities moved to lock down three cities with a combined population of more than 18 million people.

Naturally, this took a toll on the country’s economy and, consequently, on global financial and stock markets.

Global Markets Tumble Amid Growing Coronavirus Concerns

On Monday, January 10th, the Financial Times Stock Exchange 100 Index (FTSE100), composed by the 100 largest companies in the London Stock Exchange, charts losses upwards of 2.25%, down more than 175 basis points.

Even though the FTSE100 is highly internationalized and, hence, exposed more than most other indexes, analysts expect other markets to take a hit as well. Speaking on the matter was Joshua Mahony, senior market analyst at IG Trading Group, who outlined:

We are also seeing commodity stocks slump, with the prospect of a decline in Chinese growth hurting expectations of demand in the sector.

Overview Of S&P500 Companies. Source: Finviz.com

In general, industries across the board are marking losses as traditional markets are currently painted in red. This probably doesn’t come as a surprise, as China is one of the world’s largest economies, which, if distressed, will surely resonate in other countries as well.

Bitcoin And Altcoins Surge In Response

On the other hand, the cryptocurrency market sees the exact opposite reaction. Bitcoin charts an increase of more than 3.5% at the time of this writing, trading at about $8,765.

Bitcoin Price Chart
BTC/USD. Source: TradingView

The cryptocurrency managed to overcome the resistance at around $8,450 and is now facing its next target between $8,800 and $8,900. This level contains the 200-days moving average. As Cryptopotato reported, the next resistance to look out for, should it successfully breach the 200MA, would be the $9,000 zone.

Altcoins are also on the rise. All of the top 20 cryptocurrencies are trading in the green. A lot of them are even recording double-digit gains, which is nothing short of impressive.

Cryptocurrency Market Overview
Cryptocurrency Market Overview: Source: Coin360.com

Bitcoin Cash is up 12.5%, Bitcoin SV is up 12.9%, while EOS gained more than 11% in the past 24 hours. During this time, Bitcoin’s dominance decreased to 65.5%, which is a definitive indicator that altcoins are stepping up. It’s also worth noting that in less than a day, the entire cryptocurrency market gained about $10 billion in terms of market capitalization.

While there is no established correlation between the performance of traditional markets and Bitcoin, this particular reaction has been seen before. Its price surged after the recent Iran-US Clash, and it did the same back when President Trump Imposed new tariffs on Chinese goods, sending traditional markets in the red.

The post Bitcoin and Altcoins Surging In Contrast To Tumbling Global Markets Amid Coronavirus appeared first on CryptoPotato.

Source: Crypto Potato

Bex500 Exchange Launched Up to 35% Commission Affiliate Program for Users

[PRESS RELEASE – Please read disclaimer]

Cryptocurrency trading offers investors, who are willing to take on the risk, an opportunity to make a fortune. They can trade crypto futures contracts with 100x leverage, which will amplify the potential profits, as well as a loss when betting on the wrong market direction. For conservative traders who want to earn BTC without trading skills, Bex500 provides a lucrative affiliate program for users to convert their influence into BTC without trading.

Bex500 is a popular cryptocurrency derivatives exchange that lets you invest in Cryptocurrency Perpetual Contracts, Forex, Commodity and Double Contracts (200x leverage perpetual contracts). Established in 2018, it is quickly becoming popular among the margin trading exchanges in the world. These are the important reasons why it grows so fast and becomes a strong competitor in the field:

bex500_p1-min

 

  • Secure Asset & Trading Systems – Bex500 is building upon high-level DDos protection and 2FA authorization to protect users’ accounts. Users’ assets deposits are also stored in multi-signature encrypted cold storage. In addition, Amazon’s cutting-edge ElastiCash infrastructure ensures high TPS.
  • Multiple Funding Methods – Traders can deposit/withdraw USD and BTC in/from their accounts and all contracts can be settled in both USD and BTC. No minimum deposit required.
  • Fair Trade with NO Manipulation – The price index of cryptocurrencies in Bex500 is a weighted average from Bitfinex, Binance, Poloniex, and Huobi. No insiders and overload problems. Users can take full control of their positions even during the huge market volatility.
  • Generous Bonuses – Bex500 provides newly registered users with $15 worth BTC or USD as a welcome bonus. For the first deposit, it also offers a 20% extra bonus (1 BTC deposited, 1.2 BTC will be credited in). All bonuses can be used in futures trading and are withdrawable.

If you are a veteran in crypto futures trading, you can now visit Bex500 exchange and start trading fairly and safely. If not, you can also check how to make money by joining Bex500’s latest affiliate program.

Earn Bitcoin with Bex500’s High Paying Affiliate Program

Similar to some other affiliate programs in the crypto world, you can easily earn BTC by inviting customers to join the platform and invest. However, there some selling points of Bex500’s affiliate program making it surpass those provided by other exchanges:

bex500_p2-min

  1. 35% referral commission is higher than the industry standards.
  1. All users registered an account can apply to be our business partner. No strict qualification requirements.
  1. 1-on-1 professional BD manager can teach and assist you on how to promote Bex500 effectively and get paid.
  1. Transparency. Users can directly check how many referrals they’ve invited and how much commission they’ve got in the “My affiliate network” page. The commission will be settled at 3 a.m. every Friday (GMT) and can be withdrawn anytime.

Now register an account in Bex500 and start to earn BTC by promoting Bex500 effectively with the help of 1v1 BD. The more traders you invited in, the more benefits you will get.

The post Bex500 Exchange Launched Up to 35% Commission Affiliate Program for Users appeared first on CryptoPotato.

Source: Crypto Potato

Jeff Bezos iPhone Hack: Good Advertising for Cryptocurrency Hardware Wallets

The Saudi Crown Prince allegedly hacked Amazon CEO Jeff Bezos’ iPhone in May 2018. Two U.N. investors brought the news to light this week. It rocked the entire global community. Prince Mohammad bin Salman may have been able to compromise Bezos’ smartphone WhatsApp text.

That something so innocuous as a text could be a cyber exploit stunned the world. High-level U.S. government officials are now on alert about their cybersecurity.

But they’re not the only ones who should be worried.

If Jeff Bezos Is Vulnerable, Everyone Is

The Associated Press said Friday there’s one big takeaway from this latest geopolitical cyber-drama. Anyone can be a target:

“You may not think you’re in the same league as Jeff Bezos when it comes to being a hacking target. Probably not, but you — and just about anyone else, potentially including senior U.S. government figures — could still be vulnerable to an attack.”

The AP reports the disconcerting results of a U.N.-commissioned digital forensics report. Bezos’ iPhone X was compromised by an MP4 file containing malicious code. Investigators say they have “medium to high confidence” this is the case. It’s a fresh reminder to earlier adopters of the cryptocurrency industry’s financial products. Hot wallets expose crypto to cyberattacks. But cold storage crypto hardware wallets mitigate the risk.

What’s the difference between hot and cold wallets? Hot wallets contain the private keys to spend crypto on an Internet-connected device (like Jeff Bezos’ or your smartphone). But cold storage wallets are not, and have never been connected to the Internet. They can’t be exploited the way even the Amazon CEO’s iPhone recently might have been. So they provide an additional layer of security for digital assets.

Cold Wallets Keep Crypto Safer From Hackers

In their essence, cold wallets are hardware devices that contain a user’s cryptocurrency holdings. The main difference is that they aren’t connected to the Internet and, hence, they are not exposed to vulnerabilities in this regard. These also include paper wallets.

Of course, they come with their own set of risks. Paper wallets need to be kept in a quality fireproof safe to avoid a loss to physical theft or in an unexpected fire.

Hardware wallets, like the Ledger Nano, provide an easy, affordable solution to store larger amounts of crypto in a device that isn’t as exposed as an Internet-connected computer, tablet, or smartphone. The recent news that an Apple trojan has infected a number of macOS devices underscores the need for security along with Bezos’ iPhone hack.

Hot wallets are ideal for keeping small amounts of crypto liquid for trading and spending. But for long-term savings of larger amounts of cryptocurrency, coins are safer from hacking in cold storage. Most people don’t have the profile Jeff Bezos does, but this event is something for cryptocurrency users to keep in mind. Especially those who are out front with their interest in crypto online.

Featured image courtesy of The Verge

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Source: Crypto Potato