Trading news
These 5 Cointelegraph Markets Pro alerts generated a cumulative profit of over 223%
In Cointelegraph Markets Pro’s latest VORTECS™ Report, the institutional-grade crypto trading platform displayed how its members could have captured a cumulative 223% gain by following five trades based on three different Markets Pro indicators. The report depicts trading alerts generated between February 12 – 18, 2023. The potential gains available to Cointelegraph Markets Pro subscribers significantly outperform a simple buy-and-hold strategy during the same period, which would’ve yielded a maximum return of 13% for Bitcoin (BTC) and 12% for Ethereum (ETH). Cointelegraph Markets Pro used the VORTECS™ Score, NewsQuakes™ and Tweet Volume indicators to alert subscribers of these price changes …
Bitcoin / March 2, 2023
What is QuickSwap, and how does it work?
The future of decentralized exchanges DEXs have been gaining popularity in recent years, thanks to the growing interest in DeFi. DEXs allow users to trade cryptocurrencies without the need for intermediaries or centralized exchanges, providing greater security, transparency, and control over assets. As the DeFi ecosystem continues to grow, the future of decentralized exchanges looks promising. The growth of cross-chain interoperability is one trend that will probably continue. The majority of DEXs currently run on a single blockchain, but the ability to trade assets between chains is becoming more popular. This would increase liquidity and give users access to a …
Blockchain / March 2, 2023
Robinhood Wallet rolls out on iOS with Android support to follow
Trading platform Robinhood has launched its Web3 wallet on Apple’s App Store, becoming available to iOS users in over 130 countries. Robinhood shared the news in a Mar. 1 post, stating that users would no longer need to sit on a waitlist to access the new multi-chain, self-custody wallet. It added that it will be supported on Android “later this year.” #RobinhoodWallet is now available to everyone with iOS: https://t.co/yUdL8jCgJN pic.twitter.com/q7RIWBJUIT — Johann Kerbrat (@JohannKerbrat) March 1, 2023 Since the beta launch of the Robinhood Wallet in September, the trading platform integrated Ethereum — in addition to already supporting Polygon …
Adoption / March 2, 2023
What is opportunity cost? A definition and examples
Opportunity cost, explained Opportunity cost is a concept in economics that refers to the value of the next best alternative that is forgone when making a choice — i.e., the cost of the best alternative that is not chosen. Consider the scenario when you have a limited budget and are debating between buying a new laptop or going on vacation. The value of the vacation you could have taken with the same amount of money would be the opportunity cost if you decide to buy the laptop. Similarly, if you decide to take the vacation, the opportunity cost would be …
Decentralization / March 1, 2023
Smooth and secure crypto trading? This perpetual DEX is up for the challenge
The blooming blockchain sector is tightly reliant on crypto exchanges. The trade of crypto assets keeps the industry flowing, and exchanges are a vital link. However, as the blockchain sector strives for constant development with decentralized transparency, exchanges have a long way to go. Moreover, recent history has shown many problems related to the stability and even the safety of these exchanges. So what can be done to bring exchange technology to the next level? Decentralized exchanges for increased safety Crypto exchanges are distributed into two camps: decentralized exchanges (DEXs) and centralized exchanges (CEXs). Besides the difference of two letters, …
Blockchain / March 1, 2023
How DeFi aggregators optimize DEX trading
The rapid downfall of FTX has hastened the shift from centralized exchanges (CEXs) to decentralized exchanges (DEXs), but selecting the right DEX is not an easy task. Besides looking for convenience and an intuitive interface, crypto traders face several challenges with DEXs that can greatly affect their trading activity. The problem is that many traders are unaware of some of these challenges because some DEXs don’t provide enough information to simplify the trading process. This leaves many crypto traders vulnerable to several DEX risks, such as: Price impact — the risk of the trade being executed at a worse price …
Adoption / Feb. 24, 2023
Aussie regulators review Binance Australia Derivatives over account closures
Binance Australia Derivatives sent an abrupt message to a select group of users on Feb. 23, saying it would be immediately closing their accounts due to a false classification of some users as “wholesale clients.” This incident caused a flurry of responses from users on social media, and the next day, the Australian Securities and Investments Commission (ASIC) announced it would be conducting a “targeted review” of Binance's local derivatives operations. According to a statement from a spokesperson of the regulator on Feb. 24, the review of Binance Australia Derivatives will include the company’s “classification of retail clients and wholesale …
Regulation / Feb. 24, 2023
How Fantom and Optimism’s DeFi and DApp development directly affects FTM and OP price action
The price action of Optimism (OP) and Fantom (FTM) tokens have been quite identical since the last quarter of 2022. The difference is, volatility is slightly higher for OP, which surged 240% year-to-date, compared to the 180% gains seen in FTM. The Fantom Foundation has made several improvements since Q4 2022, which have catalyzed an uptrend in the token’s price. However, Fantom’s ecosystem remains primitive while its competitors expanded to support new use cases. On the other hand, Optimism has shown robust community and decentralized application (dApp) development thanks to the loyalty of Ethereum developers and the Optimism Foundation’s effective …
Markets / Feb. 23, 2023
How to teach cryptocurrency to your children
Teaching cryptocurrency to children can be a great way to introduce them to the world of finance and technology. Here are some interactive ways one can utilize to teach cryptocurrency to children: Start with the basics and use analogies Start by defining and describing the nature of money. Inform your kids about the various types of money and the function of banks. It is also important to teach them the origin of money and how it got involved, from paper money to digital money. Related: What is cryptocurrency? A beginner’s guide to digital currency Furthermore, analogies can be a powerful …
Decentralization / Feb. 23, 2023
Cointelegraph launches major update to its institutional-grade crypto intelligence dashboard
The Cointelegraph Markets Pro platform was created with the aim to narrow the divide between institutional and retail investors. Its proprietary tools, like the Newsquakes™ indicator, the VORTECS™ Score and the Tweet Sentiment indicator, are the platform’s primary methods of achieving this goal. Looking back at Cointelegraph Markets Pro alerts performance shows that the institutional-grade platform has been a resounding success. Since 2021, the platform has produced an average return of at least: 2,895% in gains from score-based trading strategies (potentially turning $10,000 into $289,549) 546% in gains from time-based trading strategies (potentially turning $10,000 into $54,635) 851% in gains …
Bitcoin / Feb. 23, 2023
Redditor could lose young family after crypto trading addiction spirals
A self-confessed crypto trading addict and father of two is facing the dire prospect of losing his family forever after secretly racking up $180,000 in debt from his crypto trading habits. Posting his story on the r/relationship advice subreddit on Feb. 21, Reddit user “Leather_Opposite2135” said he started dabbling in cryptocurrency trading around 2021. Fast forward two years to the present day and he’s been kicked out by his wife and is at least $180,000 in debt. “It started just dabbling,” said Leather. “It’s a tech space so I found it very interesting. Joined a bunch of online spaces (discord) …
Adoption / Feb. 22, 2023
What is a grid trading bot, and how do you use it?
Grid trading is a quantitative trading strategy that involves placing automated buy and sell orders in an attempt to profit from the volatility of cryptocurrencies. Grid trading is a style of algorithmic trading that automates order execution by utilizing grid trading bots. To create a grid of orders that covers a range of potential market movements, this method entails placing numerous orders at incremental price levels above and below the present market price. Generally, the trading bot places buy/sell orders between a predetermined price range, constructing an automated trading grid. This automation allows crypto traders to benefit and make profits …
Bitcoin / Feb. 21, 2023