What if there was a platform that could unite people around the world and reward everyone according to their contribution? Horizen is on a mission to build such an ecosystem, fully decentralized, robust, sustainable, and responsibly private.

There are four main advantages to the Horizen tech: it is private, secure, highly reliable, and scalable. Its main products and services include Zendoo, Zennodes, Sphere by Horizen, Horizen Development Environment (HDE), Horizen Academy, and the Horizen Community Council (HCC).

The mainchain works as a classical Proof of Work model, while sidechains that process thousands of transactions per second have adopted the Proof of Stake algorithm. The blockchain is thoroughly protected from the infamous 51% attack issue and enhanced with TLS end-to-end encryption between nodes for impeccable security. 

Horizen ZEN is also perfect for payments.

Horizen is an interoperable blockchain network designed by a global team of developers for the purpose of building real-world use-cases such as dApps, services, and various products. The Horizen project boasts to be one of the most secure interoperable blockchain ecosystems out there. 

It was created in May 2017 by Robert Viglione (check out this Clubhouse meeting with Rob Viglione) and Rolf Versluis and was initially called ZenCash. A year later the project renamed itself Horizen. 

Horizen is backed by an impressive decentralized node infrastructure of 43,032 active nodes for additional security and resilience against malicious threats and failures. Running a ZenNode can be done by anyone who wants to contribute to the ecosystem and at the same time, earn some additional Horizen crypto.

Horizen’s sidechain platform – Zendoo – is meant to help various businesses and developers around the world create their own blockchains, both private and public. Think of it as a customizable scaling technology but completely secure and decentralized. 

Zendoo’s framework suggests that any type of rule can be deployed as a sidechain while the mainchain monitors whether these rules are being followed. Among the obvious benefits – absolute scalability, the freedom of the app design, and flexibility to change components whenever required.

As for decentralization, Zendoo surely takes it seriously. The sidechain platform is powered by ZEN – blockchain’s native cryptocurrency – and doesn’t need any third parties to perform backward transfers. Moreover, Zendoo makes use of zk-SNARKs for efficient withdrawal validation.

Sphere is a multifunctional app by Horizen that acts as a launching point of all the services it offers. If you care about your finance’s privacy, that’s an app to consider. The Sphere app features a wallet that handles both private and regular transactions and Zenchat – a messaging app that boasts unprecedented security. 

Zenchat allows sending private personal or group messages, and even create private channels. However, communications will cost a certain amount of ZEN to prevent spamming. All the messages are recorded on the blockchain and properly encrypted, so data leakage is out of the question. 

The desktop app is available for Mac, Windows, and Linux.

Similar to many other DeFi projects, Horizen established a DAO – decentralized autonomous organization – a voting system that will determine how funds are allocated. To maintain the governance system decentralized and keep it sustainable you need organizations like a DAO in charge. ZenDAO will take advantage of economic theory, game theory, and liquid democracy to provide a fair funds allocation. 

Now, how will it work? Proposals for the funding pool are evaluated and voted upon by the ZEN holders, weighted based on the staking share, and counted to determine whether the proposal is accepted. 

Twenty percent of the block rewards goes to the fund dedicated to the development of the platform.

Many popular (and popular wannabe) blockchain platforms create educational portals to raise their level of expertise and give back to the community, and Horizen is no different. It offers in-depth explanations of the basic blockchain terms and topics such as technology basis, privacy, and Horizen platform itself.

The students are encouraged to choose their level (beginner, advanced, and expert levels included) and study the topics one-by-one.

ZEN is a native currency of the Horizen ecosystem with a total supply of 21 million. One of its key features is optional privacy that offers extended anonymity to those who find this important. There are two available types of addresses for ZEN – T-Addresses for regular transactions and Z-Addresses for shielded private ones. 

Horizen practices Responsible Privacy: although they do not support illegal activities, the creators of the project believe that everyone deserves a right to send anonymous transactions be it to your friends or family or a merchant you prefer to hide from your regular bank statement. 

ZEN can be easily purchased via fiat currency or other digital coins on the majority of mainstream exchanges, and you can store them in one of the official or third-party software (or hardware) wallets. Besides, you can earn ZEN by running a Node or while contributing your power and engaging in mining. And there’s an opportunity to get free ZEN via Horizen Faucet. To claim your free ZEN on a daily basis you need to register an account on the platform. 

The creators of the cryptocurrency wanted to make sure that the currency will be used as a legitimate payment method – and not just used as a speculation tool. They are constantly renewing the list of payment providers that work with ZEN and the list of merchants around the world that accept ZEN payments. From Ukraine to Nigeria, Venezuela and the US – ZEN works as a solid payment solution in all the corners of the world.

Many merchants already accept Horizen crypto as payment.

Start accepting Horizen ZEN.

What lies ahead for Horizen? This year the team behind it is planning on launching a full release of their sidechain network on the mainnet and add a new scaling tech  Directed Acyclic Graph (DAG). Apart from that new community initiatives, listings, and partnerships are to be expected.

The founders of the Horizen platform are obviously passionate about the tech they are building, and we can only expect further development achievements.

Crypto regulation in Spain remains on the political talks amid the current bull-run seen in the bitcoin prices. Now, the country’s Ministry of the Economy is about to create a new Financial Customer Ombudsman for crypto-related matters.

Per La Información, Minister Nadia Calviño seeks to extend its guardianship to the financial body to cover topics such as protecting consumers in cryptocurrency services. To make it a reality, the minister will submit the initial proposal to a public consultancy “as soon as possible.”

Overall, Calviño also wants to canalize all conflicts between banks and their customers through the Financial Customer Ombudsman, including all businesses in the fintech sector.

However, the Ministry clarified they’re expecting to abide by the rulings of the future “Regulation Of The European Parliament And Of The Council On Markets In Cryptoassets and the Markets in Crypto-assets Regulation” (MiCA). Such ruling, however, is still in development in Brussels.

According to the media outlet, Calviño’s proposal wants that the Independent Financial Customer Ombudsman’s future decisions will be binding, but up to a certain amount on a dispute. Sources quoted by La Información claim that such an amount could be around 30,000 euro ($35,800).

//--> //-->

There are no major details on who could be leading the independent body overseeing crypto-related matters with consumers. If the proposal is granted a green light during the public consultancy, it will be the only independent resource to solve conflicts for all financial matters in Spain.

But the fact of abiding by the in-development EU MiCA rulings is still sparking controversy among the crypto sphere.

In fact, a survey performed by the International Association for Trusted Blockchain Applications (INATBA) unveiled that European crypto experts believe incoming legal frameworks could be excessively challenging for the industry.

Moreover, these rulings could have an “incompatibility” with decentralized finance (defi) applications and protocols.

What do you think about the proposal presented by the Spanish Ministry of Economy? Let us know in the comments section below.

Article source

A minor Bitcoin ‘flash crash’ on Wednesday caused BTC to fall roughly $2000 in five minutes, triggering a wave of liquidations. According to CoinTelegraph, the crash from $59,350 to $57,000 was somewhat unusual on an otherwise calm day in crypto markets.

The flash crash was bad news for long traders. The crash, which lasted just over an hour, caused liquidations of long positions worth some $600 million. Over the 24-hour period preceding the crash, crypto markets saw a total wipeout of $1 billion.

Looking Forward to Meeting You at iFX EXPO Dubai May 2021 – Making It Happen!

— Michaël van de Poppe (@CryptoMichNL) March 31, 2021

The flash crash was a disruption in the bullish run that Bitcoin has enjoyed this week after news of Paypal and Visa entering the crypto sphere in more serious ways.

Quant analyst PlanB wrote on Twitter that the crash helped to eliminate unwanted leverage in the markets, and therefore may have been ultimately healthy for Bitcoin. “Beautiful stop loss hunting… again,” PlanB wrote on Twitter. “Now that all leveraged longs are liquidated, we finally have room for breaking $60K in April.”

But, could Bitcoin really break $60K in April? Many analysts seem to agree that it is possible. However, the short-term path forward is a bit unclear.

Want to Stay Ahead of the Curb in 2021? You’ll Need Your Data in Real TimeGo to article >>

— Chris Dunn (@ChrisDunnTV) March 30, 2021

CoinTelegraph reported that: “funding rates across derivatives platforms were higher on the day, reaching as high as 0.375% on Huobi, a classic sign that downward pressure is incoming.”

However, if Bitcoin can manage to break through its most recent all-time high, some analysts agree that BTC could go parabolic. Earlier today, Finance Magnates reported that $73,000 and $92,000 will become Bitcoin’s next ‘points of interest’ if the price breaks above its current all-time high of roughly $61,000.

– No, this bull-run isn't close to being over – Yes, the insanity for Altcoins yet have to come pic.twitter.com/bN5CCYca3f

— CryptoAmsterdam (@damskotrades) March 31, 2021

Approximately three hours after the flash crash began, Bitcoin appeared to be on the road to recovery. At press time, BTC was changing hands at $58,276.40.

DOT, Polkadot’s native token on its multi-chain network that connects different blockchains into a single network, can now be purchased using credit and debit cards. This milestone comes on the back of a new partnership with crypto payment gateway, Simplex.

Simplex provides fiat on-ramp infrastructure for several cryptocurrency exchanges, brokers, and wallets. The agreement will allow DOT holders to conduct and settle crypto transactions, a grey area of business where a gauntlet of KYC requirements and other regulations kick in.

Looking Forward to Meeting You at iFX EXPO Dubai May 2021 – Making It Happen!

Polkadot’s userbase will benefit from Simplex’s fiat credit and debit purchase options and the support will prepare DOT holders for the upcoming launch of its new enterprise-grade blockchain solution.

The excitement around the Polkadot’s token was apparent in the crypto sphere over the last few months. Polkadot price hit an all-time peak earlier in February ahead of its upcoming auctions which will allow its network to connect with other established blockchains.

YOONIT: A Centralized Solution for FX Brokers (Part 1)Go to article >>

Unlike networks like Bitcoin and Ethereum, which operates on its own, Polkadot aims to act as a framework for all blockchains that opt-in.

“Simplex supports hundreds of fiat currencies and enables the purchase of over 50 cryptocurrencies through its network of partners. Adding Polkadot (DOT) to the list of supported assets brings the world one step closer to mass cryptocurrency acquisition and adoption,” the company said.

Simplex often charges 3.5 percent of a transaction, with a $10 minimum purchase amount. Moreover, the company applies various restrictions, including a $20,000 maximum for daily transactions when using a credit or debit card, as well as a $50,000 maximum monthly limit.

Israeli-based Simplex combines crypto payment processing with fraud prevention technology and also provides a KYC opt-out feature for purchases of less than $150. This amount is calculated for the entire lifetime of the user. Further, the startup enables merchants to accept diverse payment methods, including credit card deposits and purchases, with zero exposure to chargeback risk.

Simplex has already signed partnerships with leading crypto exchanges, including Binance and Huobi, among others, to enable users to buy cryptocurrencies with their credit cards.

Blockchain News – Norway’s Fourth-Richest Man Invests in a Crypto Mining ASIC Manufacturer – Mining Bitcoin News

According to regional reports, the Norwegian billionaire and hedge fund manager, Ole Andreas Halvorsen, is investing funds into an energy-reducing cryptocurrency mining chip hardware company. The company Norway’s fourth richest man is investing in claims to build application-specific integrated circuit (ASIC) mining chips that are allegedly 300%-500% more energy efficient than existing hardware.

Norwegian news reports detail that the billionaire hedge fund manager Ole Andreas Halvorsen is dipping his toes into the cryptocurrency space. A report from Trijo explains that the hedge fund manager and cofounder of the Connecticut-based hedge fund, Viking Global Investors, is now investing in a cryptocurrency-focused firm called Harmonychain.

Halvorsen is joining a number of well known luminary investors from the Norwegian region investing funds into the crypto sphere with investors like Kjell Inge Røkke, Bjørn Dæhlie, and Arne Fredly. Halvorsen himself is considered one of the top-earning hedge fund managers worldwide and has captured the 11th ranking hedge fund manager position in the world according to Fintech Zoom.

According to the report written by Teodor Stig-Matz, Harmonychain was supposed to be listed on the Oslo Stock Exchange. However, Stig-Matz’s report notes that the listing on the Oslo Stock Exchange was postponed.

The Harmonychain website has a lot of interesting claims about the firm’s microchips as well. The company is in the midst of developing a “dual-purpose Artificial Intelligence (AI) and Scrypt algorithm ASIC Supercomputer microchip.”

The harmonychain.com website adds:

[The microchip] is tailored towards Cryptocurrency accounting/mining that is up to 300%-500% more energy efficient than existing Scrypt accounting computer systems.

Because the chip is Scrypt the Harmonychain chip is dedicated to mining the digital asset litecoin (LTC) and Scrypt-based coins. The firm’s claims that the chips are 300%-500% more energy efficient would essentially reduce computer energy use by 70-80%. If research and development goes well, Harmonychain hopes to deploy the Scrypt ASIC semiconductors with AI potential by 2022 or 2023. The startup insists it will be the most profitable mining hardware available when released.

“The ASIC is designed as a dual purpose chip with edge AI potential,” harmonychain.com’s website states. “If prototype production works well, we plan to start mass deliveries in H2 2022 and 2023. According to industry standard, customers can expect to prepay approx. 9-12 months prior to delivery. The Supercomputer is poised to be the most profitable Crypto hardware on the market. Our Crypto Supercomputer miners have an estimated payback of less than 2 years,” the company’s FAQ adds.

Halvorsen joining the crypto economy is a bullish sign to many digital asset investors and enthusiasts. He is one of the most respected hedge fund managers worldwide and a protégé of hedge fund manager Julian Robertson. Halvorsen also joins the great number of venture capitalists and well known hedge fund managers stepping into the cryptocurrency economy.

What do you think about Norway’s fourth richest man getting investing in a cryptocurrency mining chip company? Let us know what you think about this subject in the comments section below.

Paris, France, March 17, 2021, ZEXPRWIRE, Established at the beginning of 2021, GraphLinq brings users in the crypto sphere a new model of integrating blockchain automation on any blockchain-related task. Simply put, GraphLinq Protocol contains unique tools such as an engine and an integrated development environment(IDE) to provide automated services while leveraging centralized data streams and several blockchains. 

The protocol accomplishes its goal using graphs, a group of nodes that automate off-chain and on-chain tasks. To deploy a graph, users have to import any template or glq file using the IDE tool and execute it on the network through the engine tool.

GraphLinq also allows users to receive ticks and up-to-date data on centralized exchanges and DeFi applications. As a safety measure, every information derived from apps and blockchain connections is safely located in the Engine database storage. An added advantage is that users don’t need any coding knowledge to initiate any blockchain-oriented task!

GraphLinq plans on conducting a public sale on Uniswap via Unicrypt scheduled to start on March 21, 2021, at 18:00UTC as an Initial Liquidity Offering (ILO). The protocol plans on hosting the GLQ token sale for 48 hours or less if they attain a targeted hard cap of 350ETH. GLQ is the network’s native ERC-20 token residing on the Ethereum blockchain. 

Participating in the GLQ ILO will require investors to hold a minimum of either 4 UNCX or 50 UNCL. To GraphLinq, Unicrypt possesses a lot of potential, particularly when hosting ILOs, hence, anticipating a collaborative effort with the platform in the future. A maximum of 3 ETH is allowed to acquire the native token

GraphLinq also takes the token burning approach, which usually involves removing a  certain number of tokens from circulation. The network will achieve this burning procedure by eliminating GLQ tokens used during graph executions. In turn, it ultimately makes the token a scarce asset in the market by reducing its supply over time.

Depending on the block type, gas prices will undergo a continuous update that goes in line with the number of tokens burnt and the market adoption rate.

The GLQ token comes with a variety of functions and uses cases in the GraphLinq network. For starters, the token can be used when making a transaction within the protocol. 

GLQ is also applicable when paying for execution fees after running graphs over the Engine tool. GLQ holders also receive exclusive governance rights whereby each holder gets to decide on future developments of the GraphLinq network. Furthermore, GLQ owners also hold the power to pitch in on new block additions and fee prices required for the ecosystem’s execution. 

The protocol’s roadmap hopes to achieve so much more in the coming days. Starting Q3 2020, GraphLinq will build their mobile application, which will host and deploy graphs on a practical interface. 

It also plans on becoming a fully decentralized protocol by merging the Engine with a PoS-based blockchain. While at it, GraphLinq will also create an incentivized ecosystem where users are rewarded in GLQ for sharing their custom-made graphs.

Media Contacts – Contact Name:  Rishabh Anand CMO Organization name:  GraphLinq Address: Paris France Email:  [email protected] Website URL: graphlinq.io

There are lots of cryptocurrencies out there aiming to outperform Bitcoin in terms of transaction and block speeds. Many companies choose to accept crypto payments, and the options besides Bitcoin, are Ethereum, Litecoin, Cardano, Polkadot, Bitcoin Cash, Stellar or Digibyte.

Digibyte can be perceived as the next big thing that might overthrow Bitcoin, with its enhanced secure blockchain, quick transaction times and have more than just one function of being used for transactions. 

In this review, we’ll teach you everything about Digibyte and why many people consider it to be one of the best cryptocurrencies on the planet. (Check out Digibyte reddit and Digibyte twitter).

 So let’s start! What is Digibyte?

Digibyte is a blockchain that is fast, secure and forward-thinking. Digibyte has its native DBG coin. It allows you to send and receive funds across borders without the need of a middle man such as traditional banks. 

It was created in 2013 by Jared Tate and was released to the public in 2014. In its 7 years since inception, many advancements have been made by Digibyte. Some of them are Digishield and multi-algo mining DGB in 2014, SegWit in 2017 and Odocrypt in 2019. 

Digibyte has a fixed supply of 21 billion coins which will all be mined by 2035. It has block speeds which are 40 times faster than those of Bitcoin and 10 times faster than Litecoin. 

The transactions per second are also astronomical with early SegWit transitions being 1066 per second at its peak. 

Don’t forget the exceptionally low fees. 

At the time of writing the project has been running for 7 years with a total of 12564942 blocks produced and 322523 nodes that have been downloaded.

There are several factors that make Digibyte such an attractive cryptocurrency for payments. Here are a few things that make it so amazing:

Are you wondering “how do I buy Digibyte?” Finding the best exchange to buy Digibyte can be tricky. Several large exchanges let you buy Digibyte with USD using your credit and debit cards. Others let you exchange Digibuyte to Bitcoin and vice versa. Here is a list of the top exchanges you can use to buy Digibyte coins:

Another option is to accept DGB as payment or crypto donation. Looking for a Digibyte wallet? Check out this site and find the best Digibyte wallet for you. 

Digibyte is an up and coming giant in the cryptocurrency sphere. At the time of writing it is in the top 100 coins on CoinMarketCap sitting comfortably at rank 83. The price is currently $0.05713 with a market cap of $806,255,592 and a trading volume of $83,794,690.

At the start of 2021 in January the trading price of Digibyte was $0.02, Some users predicted that the price might reach $0.04 by mid-2021 which has already been smashed by the current price tag of $0.057, and we’re only at the beginning of March. The price was then expected to increase to anywhere between $0.10 and $0.12 by the end of 2021. This is a reasonable price increase as a 2.5x increase from the current price. 

Digibyte is one of those currencies that has the potential to do a lot of good for the world. With the upcoming bull market, hopefully, the coin gains more traction and awareness by users across the world knowing that it is truly decentralised and will provide users with a safe and secure way to send their funds to friends and family across the globe and make payments using Digibyte. 

According to regional reports, the Norwegian billionaire and hedge fund manager, Ole Andreas Halvorsen, is investing funds into an energy-reducing cryptocurrency mining chip hardware company. The company Norway’s fourth richest man is investing in claims to build application-specific integrated circuit (ASIC) mining chips that are allegedly 300%-500% more energy efficient than existing hardware.

Norwegian news reports detail that the billionaire hedge fund manager Ole Andreas Halvorsen is dipping his toes into the cryptocurrency space. A report from Trijo explains that the hedge fund manager and co-founder of the Connecticut-based hedge fund, Viking Global Investors, is now investing in a cryptocurrency-focused firm called Harmonychain.

Halvorsen is joining a number of well-known luminary investors from the Norwegian region investing funds into the crypto sphere with investors like Kjell Inge Røkke, Bjørn Dæhlie, and Arne Fredly. Halvorsen himself is considered one of the top-earning hedge fund managers worldwide and has captured the 11th ranking hedge fund manager position in the world according to Forbes.

According to the report written by Teodor Stig-Matz, Harmonychain was supposed to be listed on the Oslo Stock Exchange. However, Stig-Matz’s report notes that the listing on the Oslo Stock Exchange was postponed.

The Harmonychain website has a lot of interesting claims about the firm’s microchips as well. The company is in the midst of developing a “dual-purpose Artificial Intelligence (AI) and Scrypt algorithm ASIC Supercomputer microchip.”

The harmonychain.com website adds:

[The microchip] is tailored towards Cryptocurrency accounting/mining that is up to 300%-500% more energy efficient than existing Scrypt accounting computer systems.

Because the chip is Scrypt the Harmonychain chip is dedicated to mining the digital asset litecoin (LTC) and Scrypt-based coins. The firm’s claims that the chips are 300%-500% more energy efficient would essentially reduce computer energy use by 70-80%. If research and development go well, Harmonychain hopes to deploy the Scrypt ASIC semiconductors with AI potential by 2022 or 2023. The startup insists it will be the most profitable mining hardware available when released.

“The ASIC is designed as a dual purpose chip with edge AI potential,” harmonychain.com’s website states. “If prototype production works well, we plan to start mass deliveries in H2 2022 and 2023. According to industry standards, customers can expect to prepay approx. 9-12 months prior to delivery. The Supercomputer is poised to be the most profitable Crypto hardware on the market. Our Crypto Supercomputer miners have an estimated payback of fewer than 2 years,” the company’s FAQ adds.

Halvorsen joining the crypto economy is a bullish sign to many digital asset investors and enthusiasts. He is one of the most respected hedge fund managers worldwide and a protégé of hedge fund manager Julian Robertson. Halvorsen also joins the great number of venture capitalists and well-known hedge fund managers stepping into the cryptocurrency economy.

What do you think about Norway’s fourth richest man getting investing in a cryptocurrency mining chip company? Let us know what you think about this subject in the comments section below.

According to regional reports, the Norwegian billionaire and hedge fund manager, Ole Andreas Halvorsen, is investing funds into an energy-reducing cryptocurrency mining chip hardware company. The company Norway’s fourth richest man is investing in claims to build application-specific integrated circuit (ASIC) mining chips that are allegedly 300%-500% more energy efficient than existing hardware.

Halvorsen is joining a number of well known luminary investors from the Norwegian region investing funds into the crypto sphere with investors like Kjell Inge Røkke, Bjørn Dæhlie, and Arne Fredly. Halvorsen himself is considered one of the top-earning hedge fund managers worldwide and has captured the 11th ranking hedge fund manager position in the world according to Forbes.

According to the report written by Teodor Stig-Matz, Harmonychain was supposed to be listed on the Oslo Stock Exchange. However, Stig-Matz’s report notes that the listing on the Oslo Stock Exchange was postponed.

The Harmonychain website has a lot of interesting claims about the firm’s microchips as well. The company is in the midst of developing a “dual-purpose Artificial Intelligence (AI) and Scrypt algorithm ASIC Supercomputer microchip.”

The harmonychain.com website adds:

[The microchip] is tailored towards Cryptocurrency accounting/mining that is up to 300%-500% more energy efficient than existing Scrypt accounting computer systems.

Because the chip is Scrypt the Harmonychain chip is dedicated to mining the digital asset litecoin (LTC) and Scrypt-based coins. The firm’s claims that the chips are 300%-500% more energy efficient would essentially reduce computer energy use by 70-80%. If research and development goes well, Harmonychain hopes to deploy the Scrypt ASIC semiconductors with AI potential by 2022 or 2023. The startup insists it will be the most profitable mining hardware available when released.

“The ASIC is designed as a dual purpose chip with edge AI potential,” harmonychain.com’s website states. “If prototype production works well, we plan to start mass deliveries in H2 2022 and 2023. According to industry standard, customers can expect to prepay approx. 9-12 months prior to delivery. The Supercomputer is poised to be the most profitable Crypto hardware on the market. Our Crypto Supercomputer miners have an estimated payback of less than 2 years,” the company’s FAQ adds.

Halvorsen joining the crypto economy is a bullish sign to many digital asset investors and enthusiasts. He is one of the most respected hedge fund managers worldwide and a protégé of hedge fund manager Julian Robertson. Halvorsen also joins the great number of venture capitalists and well known hedge fund managers stepping into the cryptocurrency economy.

What do you think about Norway’s fourth richest man getting investing in a cryptocurrency mining chip company? Let us know what you think about this subject in the comments section below.

Use Bitcoin and Bitcoin Cash to play online casino games here.

TL;DR Breakdown

SushiSwap might not sound like an appropriate cryptocurrency name, but it is quickly gaining popularity in the crypto sphere. For those who do not know how this cryptocurrency and blockchain project works, the project attempts try to make mainstream cryptocurrency exchanges such as Binance and Coinbase a thing of the past. Besides, why trade using a centralized exchange platform that acts as a middleman while you can buy and sell virtual currencies with other addresses directly?

At the time of writing, SushiSwap is exchanging hands above the $18.5 mark after continuing with its current price dip. According to market pundits, the recent price decline will be instrumental to the predicted price surge. Therefore, bulls appear to be readying themselves for a potential 30% bull run.

At present, whales are taking advantage of the ongoing price dip to accumulate their SUSHI digital tokens. Another factor supporting SUSHI‘s impressive bullish outlook is the substantial increase in the blockchain project’s trading volume this year. For instance, on 1st January, SUSHI recorded more than $185 million in trading volume throughout 24-hours.

The number skyrocketed to about 709 million on 8th January and continued soaring higher. At present, the average trading volume for this crypto asset is about $500 million, according to data availed by coinmarketcap.com. Also, the digital asset has witnessed a colossal increase in daily trading volume from an average of $100,000 to over $300,000 currently. Regarding addresses holding between 100,000 to 1,000,000 SUSHI coins, the crypto network has recorded an increment of more than 20 percent in the last few weeks. If the current buying pressure continues surging, SUSHI‘s price is likely to catch up soon.

Despite SushiSwap experiencing a continuous price decline in trading today, the crypto coin is experiencing a surge of whales buying the token with the hope to push its prices to rise. At the time of writing, SUSHI is trading around the $18.7 region. This is below the immediate crucial support line of $19.6.  

Although the crypto coin is experiencing a price dip at present, an ascending triangle pattern appears to be taking shape. If SUSHI manages to breakout past the x-axis, the price surge might happen sooner than expected.

On SUSHI’s 4-hour chart, the Moving Average Convergence Divergence (MACD) technical indicator insinuates the crypto asset is in for a price surge. This is evident by the MACD’s blue line revolving above the charts midline. Usually, it is possible to predict a bullish momentum when the MACD blue line from the negative zone settles above the mean area.

According to the chart, for SUSHI to surge past the $20 mark, it has to hold above the 50 Simple Moving Average in the near-term. Failure to settle above the $19 mark might lead to further price plummeting.

SushiSwap is an exciting crypto coin as it allows holders to vote on all significant updates involved in the crypto platform. Also known as a governance crypto coin, each coin represents a vote in the network’s voting system.

While SushiSwap might not be the only DEX to offer governance crypto coins, it is different as it is the only one that goes an extra mile to pay holders for owning their crypto assets. This is one of the reasons this token is quickly gaining popularity in the crypto space.

A new report has suggested that South Korea’s two biggest internet-focused tech titans, Kakao and Naver, may be well-poised to take the next step in crypto pay and crypto exchange-related business expansion.

Both have already placed a foot firmly into the door of crypto, but are still taking cautious baby steps, rather than rushing in head-first.

Kakao, the operator of the KakaoTalk chat app and a number of payment and financial services, has launched a blockchain subsidiary named Ground X, as well as the Klaytn blockchain protocol, the klay cryptoasset and the Klip crypto wallet, which is linked to the KakaoTalk interface.

It was also one of the first investors in the Upbit crypto exchange.

Naver, meanwhile, is the part-owner and founder of the rival chat app Line. Although Line has enjoyed limited market penetration in South Korea, it has been a roaring success in Japan, where it is the most widely used messaging service in the country.

And per EDaily, the firms could be tempted to make bolder moves in the weeks ahead.

The fully diluted market capitalization of klay, per market estimates at the time of writing, is around USD 33.5bn – a figure that if correct would equate about 86% of Kakao’s total market capitalization. Moreover, klay rallied by almost 4,600% in a year.

This could inspire Kakao to strike while the iron is hot, with an academic telling the media outlet that customers in South Korea are growing increasingly keen on solutions that would let them spend their crypto.

Professor Park Soo-yong of Sogang University was quoted as stating that “the demand for crypto payments from consumers is increasing. The professor added that “companies’ attempts to introduce cryptocurrency elements in the payments sphere will continue” – claiming that recent moves by the likes of Tesla in the USA have emboldened them.

A payments firm named Danal has also enjoyed success with its crypto-powered Paycoin app, which allows customers to pay at chains like Domino’s Pizza, BBQ Chicken, the retailing giant Kyobo and Golf Zone using crypto. Major supermarket and cinema chains are also set to follow with partnership deals.

The report’s authors also spoke of the possibility of a Line-Naver collaboration in the South Korean crypto market, although Line refused to confirm nor deny the possibility of such a move and stated that it was “too early” to move after a new crypto-specific law promulgated in the country last week.

However, the media outlet said that Naver was “interested” in exploring possible business avenues such as order book sharing solutions for domestic crypto exchanges through Line’s crypto operations in Japan. ___ Learn more: – Chat App KakaoTalk’s Crypto Wallet Now Has 0.75m Users – Kakao Talks up DeFi, Wants to Build ‘Digital Asset Trading Ecosystem’ – Big South Korean Companies Preparing For ‘Crypto-powered’ Era – Visa Starts Settling Transactions in USD Coin On Ethereum – Why This Bitcoin-Believing Startup Bets on Facebook’s Diem Instead

Source

George Town, Cayman Islands, 15th March 2021, ZEXPRWIRE – With over $45 billion in tokens locked within the Ethereum-based decentralized finance market, banks are being shorted by financial enthusiasts worldwide. DeFi is here to stay, and unlike its centralised counterparts, it provides frictionless access to collateral-backed loans, liquidity pools, and hundreds of yield farming opportunities. Day in and day out, the market roars and produces a never-ending supply of success stories. 

This is certainly the case with liquidity providers, the core pillars of decentralized exchanges, often referred to as automated market makers (AMMs). In exchange for supplying liquidity in token pairs, LPs receive a proportional cut of the transaction fees generated by their deposits. While this capital produces yields, it only does so for as long as it’s deposited in a liquidity pool. 

What if there was a way to keep capital within a DeFi liquidity pool, but still utilise it to access additional revenue streams? Freeliquid is an LP collateral lending solution created for this very purpose. 

Exploring Freeliquid, the Market’s Leading Provider of LP-Backed Stablecoin Loans

Crypto-backed loans are certainly not new to the DeFi sphere. Traditionally, crypto enthusiasts can collateralize their digital currencies in exchange for loans in fiat or other coins. In doing so, one can securely access capital whilst still retaining the potential gains realized by their digital currencies. 

While ingenious, the aforementioned strategy only works if you HODL crypto, but if already vested, access to additional revenue streams is restricted. Freeliquid is now opening the gates to stablecoin loans backed by liquidity pool collateralization. 

Zero interest, and no time constraints – truly DeFi style!

Freeliquid works by having users collateralize their LP tokens, which serve as proof of ownership within designated liquidity pools. With 90% loans obtainable on the collateralized LPs, Freeliquid users are given USDFL stablecoins. Pegged to the dollar value, USDFL can be efficiently leveraged for further exposure to DeFi yield farms, liquidity pools, stakes, and standalone currencies. 

With no time constraints in place, users can hold on to their additional revenue streams to infinity. Once ready to repay the loan, users deposit their USDFL to the Freeliquid smart contract, unlocking access to their LPs. 

At this time, Freeliquid works with stablecoin pools in DAI, USDC, USDT, and USDN across the Ethereum DeFi ecosystem. Now, Freeliquid is expanding to the Binance Smart Chain. 

Following a successful community vote through the governance mechanism, Freeliquid has just announced upcoming support for the Binance Smart Chain. 

The reasons behind this development are clear to any Ethereum DeFi enthusiast. Despite Ethereum’s huge value proposition, network scalability challenges have led to huge gas fees. Rather than wasting valuable ETH, DeFi users would rather bank on the newest opportunities. 

Albeit centralized, the Binance Smart Chain provides industry-low fees, lightning-quick transactions, whilst remaining true to the blockchain ethos of transparency, immutability, and anonymity. 

The move will not affect users; Quite the contrary! Freeliquid is building a BSC-ETH bridge for their USDFL stablecoins and FL governance token. With huge liquidity on AMMs like PanCakeSwap, the move will greatly benefit BSC-based liquidity providers. 

The expansion is expected to occur in the 2nd quarter of 2021. Testing and smart contract adjustment is already well underway. 

No trader trades to make loss, whereas few traders are aware of the different market trends, most enter the market blindly, while others enter  in the middle of an already moving trend or at end of an exhausted trend ( a trend that is about to reverse to the opposite side).

Trend identification is the first key step of making profit in any form of cryptocurrency trading, basically there are 3 types of market ;

NB’ This article will be based on catching up with a bullish crypto Market (A market with the price movement to the upside).

The question now is what is a Bullish trend?

Most crypto traders see a bullish trend as a market with many green candles, but actually a market can be said to be in a bullish trend if the market has in the past 24hrs reversed more than 45% upward or if a market has increased up to 35% from a previous bullish market/ ranging market. A bullish market ia generally characterized by High lows and Higher highs.

The trend of a market is the main determinate of the direction of the market.

Types of bullish market ;

We basically classified the Bullish Market with respect to its trend as the basis.

– Primary bullish trend with Less than 50% increase in the past 24hr trading volume;

This is basically the type of a bullish market witnessed immediately after a trend reversal, or after 3 successive red candles, the Volume tends to increase but not up to 50% pervious 24hrs trading volume, this can be seen as the first candle after 3 consecutive red candles in a day chart, it indicates ppssible trend reversal to the upside.

This market is usually considered as a weak bullish market, therefore precautions should be taken when entering this market.

This is considered as the consolidation or confirmatory bullish trend, this is seen as the first  green candle after a previous red candle in a day chart, it is characterized by a very tall green candle.  This virtually indicates that more traders are entering the market and majority of this traders are Buyers. It also indicates a very strong trend reversal to the upside.

Most times the extent of this trend is determined by the percentage%   increase in the trading volume with respect with the past 24hr trading volume.

This is referred to as  the middle of a bullish trend, it indicates that buyers are still buying aggressively, it is represented on the chart as that particular candle that breaks a former All-time high. Most times it is accompanied by very strong bullish pull towards the upside followed by a downward retracement below its highest attained height. 

This is indicative of a trend that is a reaching an overbought zone using the RSI, on a day chart this is most seen as a crucifix candle(Cross-like candle), Pinocchio candle ( a candle with a wick almost 3x of the candle body and the first Lower low.This type of trend is very important because it can indicate a possible trend reversal, especially when the 24hr trading volume is reducing drastically up to 55% with respect to the past 24hr trading volume. 

This determines to large extent the overall trend of a cryptocurrency, the effect of this type of  bullish trend can last for days, weeks even months.

Activities, announcements, rumor, upcoming events and so on are the key players in this type of trend, therefore a crypto trader ought to be following up with the recent happenings around the cryptocurrency platform he/she tends to trade on.

For instance a trader who is not conversant with the latest news from Bitcoin will tend to jsell Bitcoin without knowing that Elon Musk (the world richest man) invested a whopping $1.5 million dollars into Bitcoin.

For latest crypto updates click here.

NB; there are other classifications of Bullish trends

Now having known the different types of Bullish trends in the crypto sphere, the next important asset that is meant to be in the arsenal of a every crypto trader is RADING INDICATORS;

These are useful mathematical pattern/trend determinants produced by analyzing historical data such as price, volume, accumulated interest of a security (Cryptocurrency). There are more than 50 indicators available traders on Bityard (The world leading trading platform), below is the list of various trading indicators that will beneficial to cryptocurrency traders.

NB: for better trading it has always been a general rule to combine more than 2 indicators but not too much so as to avoid jam parked chart. Confluence point is very crucial for traders because it serves as a confirmation to the prognosis of Trade analysis.

Confluence points virtually means when two or more indicators are pointing towards the same direction.

In our next article “CATCHING UP WITH A BULLISH CRYPTO TREND (PART 2 “Earning in Bullish trend”)” we will explain in details the mechanism of action of these indicators, and how to use them.

Some trend reversal patterns;

At an overview glance of a chart some chart patterns are indicative of ttend reversal to the upside there include;

– Inversed Head and shoulder pattern

– Double buttom parttern

– Falling Wedge characterized by reduced stepness of fall.

Apart from determining the current trend of a market, another important determinant of the Profit/Loss ratio of every trader is the type of trading platform the trader trading on. As of now our best pick is “The Bityard trading platform”, currently the world leading trading platform with more than 150+ countries at its reach.

Here is why we recommend and chose Bityard;

– When it comes to regulations, Bityard is a highly regulated globally renowned trading platform that offers a safe, simple, and very fast contract trading, spot exchange, and copy trade on both cryptocurrency and Derivatives.

– The Bityard platform is very easy to use (User friendly and concise), giving most novice traders access to the crypto contract world.

– Bityard integrated innovative technologies that make trading easy and very sweet.

– In terms of transactions, Bityard charges a transaction fee of 0.05%, this is far less compared to what is been charged by other platforms.

– 24/7 customer service always available for traders on Bityard.

Bityard has a customer review of 4.9/5 this indicates,  that the services rendered by Bityard trading platform is second to none. 

In conclusion, determining the general trend of a market will help traders to catch up with a bullish market early, whereas the type of trading platform a traders uses determines to greater extent  The profit ratio of traders.

Bityard is a global trading Platform hat offers well leverage trading for both cryptocurrencies and derivatives; they offer a simple, fast and secured cryptocurrency trading to more than 150+ countries around the globe. The trading interface on Bityard is second to none.

Click here to register and earn $258 USDT Registration bonus.

Most importantly it should be noted that Fundamentals always to greater extent overrides technical analysis,therefore its is paramount for traders to always be updated with the happenings in the cryptocurrency sphere, click here for more cryptocurrency updates.

Cryptonalyzed Education pack

Related Items: bitcoin, Bull Market, Cryptocurrency trader Recommended for you What Do You Need to Invest in Bitcoin? What is Bitcoin Cash? The Sites To Buy Cheapest Bitcoin (adsbygoogle = window.adsbygoogle || []).push({}); Comments var disqus_shortname = "techbullion"; var disqus_title = "Catching Up With A Bullish Crypto Trend"; var disqus_url = 1-introduction/"; var disqus_identifier = "techbullion-21623";

Getting into the cryptocurrency world means implies that you need to understand the industry background and some of the basic technical terms and concepts. So, before you get whisked away by this interesting and thrilling space, pin down the “need-to-knows” and jargon. This is recommended, especially if you start investing and taking your hard-earned fiat and using it in the crypto sphere.

So, let’s sum this up. The origins of cryptocurrency go back as far as 1998 and a computer scientist named Nick Szabo who developed Bit gold but, the actual creation of a viable cryptocurrency was ten years later in 2008, by Satoshi Nakamoto, whose whitepaper outlined how a linear, time-stamped network could fuel a cryptocurrency called Bitcoin.

Thus, the coin/currency/token/digital asset (these terms are interchangeable) is stored on the chain — a distributed ledger. The main feature of true cryptocurrency is that there is no central control over the currency, unlike banks or governments. You do, however, get centralized cryptocurrencies where there is a measure of control exerted. Check out this list of centralized and decentralized crypto. The blockchain and cryptocurrency industry’s overall sentiment and purpose are to be a democratic alternative to traditional currency.

As you dabble and delve into crypto, you will become very aware that there is a strong community backing this new industry. The community has a powerful ethos and purpose related to individual control of their financial destiny and provides financial access to users that may not qualify for traditional financial services.

Decentralized blockchain networks are chains of validation nodes. These nodes are basically stakeholders that verify transactions. There is no central authority, and the system is set up based on parameters determined by the code upon which the blockchain operates. Several blockchains exist, and they have their own currencies — for example, the Ethereum blockchain fuels the ETH cryptocurrency.

It is worth noting the players involved in the cryptocurrency culture or even subculture.

Understanding the background, how the tech was built, and who continues to maintain, participate in, grow and invest in the blockchain and cryptosystem should give you an idea of where or how you want to fit in. So whether you aim to mine crypto with the view to becoming a venture capitalist that supports and funds exciting and innovative projects or if you want to simply trade crypto or perhaps yield farm, everyone has to start in the same place — getting a crypto wallet. Without a crypto wallet, no transactions can be made.

And that is where this list will begin. It will have a dual purpose in that it will offer an explanation for terms and sequentially transport you along your journey for entering the crypto sphere.

Hardware and software wallets

Hardware wallets are physical storage devices like an advanced USB that stores your currency. A software wallet is basically like online banking. To access your crypto, which can also be called digital assets, you need to provide the private keys which open access to your currency and give you the ability to transact.

A custodial wallet is usually run by a central or semi-centralized blockchain, just like a traditional bank. A centralized wallet stores your private key and provides backup and security for your crypto. For some starting in crypto, this can be reassuring.

Non-custodial wallets are software wallets to which you are the only one that has the keys to access the data. No one but yourself has custody of this information, so if you lose the private key information, there is no way to recover the wallet’s assets.

A non-custodial wallet can be referred to as a Decentralised Finance or DeFi wallet. This is true decentralization of financial power and responsibility.

One of the best Defi wallets on the market is the Eidoo wallet, which gives you access to a full DeFi ecosystem through their DeFi wallet app, which also integrates a DeFi Visa Crypto Card or the eidooCARD.

In case you hadn’t realized as yet, keys are special passwords that are cryptographic. There is a public key that is matched with a private key. Whatever is encrypted with a public key can only be decrypted by the private key. When signing up for the wallet of your choice, you will be guided through the process of securing your keys. It is essential to keep the private key somewhere safe.

The blockchain and crypto community, as you know now, are driven by decentralization, protecting privacy, and, to some extent, anonymity. For the most part, the community prefers anonymity, but crypto users, when utilizing a crypto wallet, need to verify their identity when interacting with Fiat, for regulatory purposes. The process of verifying your identity is called KYC and is aimed at curbing illegal financial acts like money laundering, tax fraud and financing terrorism or illegal activities.

Once you have your wallet, you will be able to buy the cryptocurrency of your choice using fiat. Fiat currency is normal traditional money — the currency of where you live. Any transactions conducted have a fee associated with them just as a normal bank but crypto fees are called gas fees. The Gas price is the amount you pay for every unit of gas just like the cost for a liter of petrol for your car.

These fees enable and power the transactions and are usually paid for in the form of a utility token depending on the blockchain — more about that below under tokens.

Different types of transactions require differing amounts of gas depending on the degree of computational difficulty.  Also, the term gas limit refers to how much you are willing to spend on a specific transaction, if you don’t specify enough gas the transaction cant be completed and will fail but because work has been done on the transaction the gas you did specify won’t be re-imbursed.

Usually, you will buy or rather exchange your fiat on a crypto exchange. There are several different exchanges — they are the marketplaces where trading currencies happen almost like a stock exchange or changing your Euros into another currency on the forex exchange. It should be noted that there are centralized and decentralized exchanges, and as in the case of the wallets, the former has a central body that controls it. Simultaneously, the latter is distributed to nodes that uphold a central smart contract, which underpins all exchange operations and has been agreed upon by all stakeholders.

There are so many types of cryptocurrencies available. If you are part of any crypto communities on Telegram or follow crypto enthusiasts on Twitter, then knowing what they are generally referring to is very helpful. For example, Altcoin can’t, and won’t be found on any exchange. It is a collective name for all coins that are not Bitcoin.

Tokens represent a unit or portion of a cryptocurrency and may be considered securities in some jurisdictions depending on the specific rights of the token holder. Typically when a new cryptocurrency is introduced, parties who are funding the new currency are given tokens representing their participation, or investment.  

Don’t be confused between security tokens and utility tokens. They are different. Utility tokens are designed to enable certain functions on a project or blockchain platform, also referred to as “gas.”.  Utility tokens are not necessarily backed by any assets and afford you no rights to dividends, shares of a company, or other ownership.  Security tokens, however, are a store of value that are often traded, and meeting the “Howie Test,” and can appreciate (or depreciate) giving the owner asset appreciation and returns from investment.  Specifically, the Howey Test determines that a transaction represents an investment contract if “a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party.”

Stablecoins are cryptocurrencies that are linked to the price of another asset or group of assets. This lowers volatility in the market, and usually, the assets linked to the stablecoins are established and quite resistant to price fluctuations. Tether, Goldcoin, PAX and Binance USD are some of the most frequently used stablecoins.

Once you have stepped onto the crypto pitch with your DeFi wallet app accessible or with your crypto debit card in hand, there are many activities you can undertake, and it really is worth exploring the different investment avenues, opportunities, and crypto mining strategies in play. If you have opted for a wallet that exists within an expansive ecosystem like the Eidoo wallet mentioned earlier, you may have to look no further for an exchange and access to other decentralized finance (DeFi) solutions like lending and borrowing.

At this point it is worthwhile investigating Blockchain explorers – a blockchain explorer is like the Google of the crypto world. Blockchain explorers like Etherscan lets you access the details related to your transactions on specific wallet addresses and blockchains. The details include the amount transacted, where the funds came from or went to and their ongoing status. Explorers make crypto more transparent and are very helpful as you can track payments and you investigate different investments and actions that have taken place on the chain.

It is essential to do your research and reach out to the crypto community who can guide you through these processes. Happy spending and hopefully earning too!

Lock up your WBTC, ETH and USDC to mint PAR tokens and earn high-yield APYs through Liquidity Mining Pools.

Singapore, 26 March, 2021 – MiMo DeFi has recently revamped its Web App and Wallet with a simple and straightforward UI/UX and added more cryptocurrencies, such as ETH, WBTC and USDC, for vault lockup to mint Euro stablecoin PAR (Parallel).

Without Spending Digital Assets, Users can Mint Euro-Pegged Tokens

As the world’s first Euro DeFi (decentralized finance) lending platform, MiMo facilitates the minting of PAR (Parallel), a token algorithmically pegged to the Euro. Users lock up their digital assets as collateral in a virtual vault, as opposed to spending them. Implemented on-chain, this makes PAR the first fully decentralized Euro stable token of its kind.

Benefit from Market Appreciation of Digital Assets

With MiMo DeFi, users retain ultimate control of their locked-up digital assets as long as the digital assets are sufficient in value. This means users can continue to benefit from the price appreciation of their digital assets in the market while at the same time minting PAR tokens, which can also be used in the DeFi marketplace.

Generate Income through Staking on Liquidity Pools

Besides the opportunity to take advantage of the attractive 2% lending rate offered on the MiMo DeFi platform, users can also benefit from high-yield returns when they place their PAR tokens in liquidity mining pools.

The MiMo DeFi Solution: Make the Most of your Digital Assets

MiMo DeFi is backed by the team of developers that launched TenX in 2017, a wallet platform designed to be used in conjunction with a debit card allied with the Visa network. The platform was successfully used by many as a crypto payment solution in numerous countries worldwide.

The team continues to be at the forefront of the most innovative solutions and services for the crypto sphere. The MiMo DeFi platform was borne of a vision to help cryptocurrency users optimize their digital assets easily in a transparent manner utilizing blockchain technology. Feedback from users made the team realize that users did not want to spend away digital assets as that would mean the end of the crypto journey, the loss of desired ongoing exposure.

In the last two years, crypto assets in the DeFi space have been one of the fastest-growing categories. Last year in March 2020, the TVL (total value locked) in DeFi was  USD 700 million; it now stands at USD 45 billion. The growth of DeFi protocols and platforms developed through smart contracts, the advancement of technology, and the industry’s maturation were all factors that contributed to the development of MiMo DeFi. The team believes the new and more robust product is one that satisfactorily answers crypto users’ needs in a vibrant and dynamic DeFi environment.

MiMo has achieved a TVL of Euro 18,000,000.

A Decentralized Community Governance Model

Audited by Quantstamp, the Mimo DeFi Protocol works “as intended” on the Ethereum platform, keeping user balances safe. To increase confidence in the overall transparency of the project, more audits are underway, with results to be published.

MiMo DeFi is set to evolve into a community governance model where MIMO token holders will participate through on-chain voting on different operations and upgrades to the MiMo protocol. This ensures proper distribution of power among token holders, guarantees its decentralization, and increases the community’s involvement in the platform’s tokenomics.

For more information regarding Mimo and the PAR token, visit https://mimo.capital

MiMo Official Channels:

Telegram Group:      https://t.me/mimodefi

Twitter:                           https://fb.me/mimodefi

Media Contact

Cecilia Wong, yourPRstrategist.com

[email protected]

Disclaimer: This is a paid post and should not be taken as news/advice.

SuperFarm will launch its NFT platform on March 31

Bitcoin Cash, Bitcoin SV, Binance Coin Price Analysis: 26 March

Anjali is currently pursuing her Masters, specializing in Mass communication, and journalism. As a crypto-journalist, her interests lie in blockchain technology adoption across emerging economies.