Binance Coin Could Soon Become a Top 5 Cryptocurrency – Margin Trading is Here

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With Binance capturing a majority of the market share of trades, it is no surprise that their native coin, Binance coin, is doing well. What most investors would consider an extremely high risk asset in comparison to historical exchange activity (Mt. Gox), Binance coin has proven to be a worthy investment.

Binance Coin Price Development Over Time Via CoinMarketCap

If you invested in Binance coin during the December crash after the BCH and BSV conflict, then you would easily have over 6 times your investment today. With those kind of gains and decoupling from Bitcoin price movement, BNB is moving into a digital asset class of its own.

What to expect coming up

With the price heavily inflated, BNB holders should be considering to hedge their portfolio. Although, the launch of Binance Chain in April 2019 seems to be signalling towards a continual climb of the asset price.

Most recently, the project has started to capture a majority of the Initial Exchange Offering market. By using BNB as the only investment vehicle on each monthly listing, BNB’s use cases are growing tremendously. Additionally, there is a strong pull towards margin trading for the platform. There have been several photos showing the margin trading platform, and on June 13, Binance tweeted about the new trading vehicle. Sign up now if this is something you are interested in for early access!

As big as this is for Binance, there are multiple things that are contributing to the BNB price success. Now, let’s look at my top reasons why Binance coin will soon become a top 5 cryptocurrency.

Token Burn

The total supply of Binance coin is approximately 189 million from CMC metrics with a circulating supply of around 141 million. This is just a small amount compared to most projects across the space. In addition, CZ has made a point to make quarterly token burns of this circulating supply from the internal revenue vehicles like exchange fees.

The token burns are scheduled to take place at the end of each quarter of the year. This is huge for asset price because this cuts the circulating supply and increases demand naturally from the deflationary system applied. In short, the price should organically rise from the continued coin burns.

Initial Exchange Offerings

Beside the diminishing supply, the Binance Launchpad, which is mentioned above, is the platform on which initial exchange offerings take place. Specifically, this platform gives the BNB coin even more utility then it already has. For every project launched on this platform like BitTorrent (BTT), investors are forced to buy into the offering by holding a sufficient amount of BNB coins. Investors that do not get in early enough or do not have a large enough stake are entered into a lottery system due to the surge of applicants.

Trading Fees

The surge of applicants will continue to grow into this next bull market. Hence, more and more traditional traders are going to gravitate towards crypto to capitalize. From being the largest liquidity provider, traders and funds will naturally hone in on the exchange with the lowest fees to manage assets. Binance will clearly be one of the top choices.

In sheer volume alone, every fund will have an exposure base to this exchange in the next bull market to capture gains and short efficiently. This increased amount of trading activity will multiple revenue which should in turn increase the token burn at the end of each quarter.

Binance Chain

On top of all the other use cases, projects are slowly but surely starting to migrate towards the Binance Chain. The benefits of basically partnering with the worlds largest exchange are endless, but simply it helps cement your project in the crypto scene by moving your token to the Binance Chain.

Binance Dex

After the launch of the chain, an upcoming endeavor is now the launch of the Binance Dex. As a decentralized exchange with a functioning and thriving eco-system, the Binance Coin should appreciate naturally from the continual use and revenue spikes. A article from Global Coin Report had this to say about the upcoming Dex:

Every transaction within the DEX will require BNB in some amount, and the coin will be larger than ever. In fact, many view it as one of the biggest coins in the future, which will serve on the biggest exchange, and be paired with every coin which enters the exchange.

Global Coin Report

Decoupled Price Movements

In addition to being a great investment, any coin that can decouple itself from the Bitcoin price movements is highly sought after. In the recent surge, it seems more or less that Bitcoin has left all of the altcoin market behind as it pushed to new levels not seen since early 2018.

Binance coin is an exception to the altcoins in that it seems to be growing organically at an astounding rate. With it being almost completely decoupled from the rest of the market, traders can now look to trade this coin independent of the market sentiment.

Asset Cash Flow

A common theme among many wealthy traditional investors like Kevin O’Leary and Mark Cuban is that they like to invest in projects that have a substantial amount of cash flow. Cash flow is vitally important to the success of any project as without it, the project can not survive stagnant markets. Clearly throughout the bear market, Binance not only survived but thrived. This is a huge indicator of long-term success for the platform as a whole.

Brand Trust

Finally, the market overall has a good amount of brand trust in the Binance name and in the CEO, CZ. Both of which have consistently proven themselves to be loyal, open and transparent hosts to the crypto community. From internal hacks, system malfunctions, announcements, and even to Craig Wright, Binance and its leader continue to build a reputation of dependability which will in turn reap benefits for their coin and platform.

BNB CAN BECOME A TOP 5 CRYPTOCURRENCY

With everything listed above, BNB is already setting greater standards than almost any coin that has come before. For BNB to reach the top 5 coins in the market, it only has to get to a $7 billion market cap which would currently put the price of one coin over $50. This is easily obtainable as we move into Q3 of 2019 and a token burn is fast approaching.

Nothing above should be taken as financial or investment advice. Do your own due diligence and research before investing. In full disclosure, I do not own any BNB.

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Crypto Traders in Danger in Hong Kong From Extradition Treaty

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With recent developments in Hong Kong, crypto traders may soon be looking for a new city to call home. In the start of June, over 1 million Hong Kong residents and advocates took to the streets to protest against the governments newest extradition bill proposed from Beijing. Thus far, there was only a few violent circumstances that happened between protesters and police, but overall the protest seems to be going smoothly.

Without question, China is slowly but surely gaining control over Hong Kong. The agreed upon merger was supposed to be diluted over a 50 year period between the regions, but its seems China wants to speed up the process. The latest of these developments focuses on Beijing’s pull over the extradition treaty in the region leaning on a fear that Hong Kong could become a hub for refugees. On the flip side, there is a fear that if this law is passed China can extradite foreigners that are simply visiting or staying in Hong Kong through unlawful means. Through this, China could potentially target westerners.

Hong Kong Extradition Treaty

Essentially, this new proposed bill will effectively give mainland China the power to come and arrest anyone in Hong Kong that is accused of breaking the mainland’s law and fleeing. Currently as it stands, Hong Kong is not under any such law, but the government is pushing to have this passed.

Hong Kong currently is independent of the jurisdiction of China’s mainland and has its own laws that stem all the way back to previous British rule. Formed in the handover of the city in 1997 from the former British Empire (UK) to China, things may start to get rocky for crypto traders fleeing to Hong Kong for asylum.

Given the past history of these regions, China would absolutely utilize this authority to enforce crypto regulations and shut down mining operations as well that violate their laws. Additionally, any company that had shifted to the city to conduct business could potentially be targeted as previously operating unlawfully in the mainland at certain points in time. We have seen this happen in the US multiple times were companies are fined for operations preformed before laws were even instated.

Blockchain In Hong Kong

In general, Hong Kong is a thriving region for crypto and blockchain events. In March, the second annual blockchain conference in Hong Kong took place featuring popular names like Charles Hoskinson. With events like this and a thriving market for brokers and hedge funds in the region, you would think China would reconsider their opinion on trade.

Regardless of the popular demand, China remains adamant on their position and continues to punish the trade of cryptocurrency. Ironically, holding crypto assets in the country is not illegal and there are means to work around the regulation and laws. Although, many people find this an unnecessary requirement to simply trade freely an asset that you already own.

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Coinbase Now Available Via PayPal in Canada – Margin Trading Coming Soon?

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The crypto space seems to be on a never ending surge. If not in price, then the news most certainly is. The two titans in the industry, Coinbase and Binance, are going head to head with each other trying to expand faster than the other. Today, Coinbase inches a little be closer to pulling ahead of its biggest rival.

Coinbase in Canada

Recently through r/cryptocurrency, a Reddit user posted about Coinbase now available via paypal in Canada. This is great news seeing how paypal can effectively be linked to a credit card, thus enabling Canadians to purchase cryptocurrency more efficiently once deposits are enabled. Currently, this feature is for withdraws only, but we can speculate that this will only be the case for a short amount of time.

The reason credit purchases are so important is that it enables natural leverage for traders interacting on the Coinbase platform in that region. With the additional funds, traders and speculators can have a larger impact on the market where as before, it was not as easy.

Canada has not received a large amount of news in regards to the crypto scene. Although, there is a substantial amount of mining facilities taking advantage of the cool air and cheap infrastructure costs in the region. To no surprise, there are numerous groups and organizations dedicated to promoting blockchain in Canada. Most notably would have to be Blockchain Canada, which has a host of team members and partners to speak of.

Margin Trading Coming To Coinbase and Binance

With Binance recently showing off their margin trading platform, it is only natural for Coinbase to strive to do the same soon.

This is speculation, but there have been mentions and discussions about Coinbase heavily looking at enabling margin trading. This would mainly be to encourage brokers and traders to utilize their platform. Additionally, CEO Brian Armstrong recently commented in the past weeks on this very topic.

He stated that debit margin trading is one of the most requested options from traders. The main problem is that regulatory issues persist with these options. Unfortunately as of today, there is no real movement yet on the platform towards this requested feature.

Coinbase or Binance

Regardless of the availability, Binance still seems to be the better trading platform with lower fees, better insurance protocols and constant growth. Coinbase is a close second, and really shines when it comes to fiat to crypto trading pairs. If you seek to liquidate your position into fiat, then Coinbase is a must use no matter which platform you like. If you are comfortable with hedging your gains into a stable coin like tether, then you will do just fine trading on Binance.

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Binance Chain’s First Token Struggles To Maintain Price Levels

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Everyone knows the power house Binance has become. There is no question that the CEO of the company, Changpeng Zhao or better known as CZ, has a huge natural influence on the market as well. Recently, the crypto giant made new leaps in bounds by solidifying its native token BNB into an actual stand alone product or blockchain, Binance Chain.

Binance Chain Announcement

In April 2019, Binance finally launched one of the most anticipated items on their road map, Binance Chain. The project has taken longer than expected, but ultimately skyrocketed the BNB market value to new all time highs even greater than previous 2017.

Binance Coin Price Development Over Time Via CoinMarketCap

Clearly, the BNB coin price has shown huge gains in the market, but what about the underlying tokens shifting onto the Binance Chain? Now, let’s discuss the first listed token, Mithril.

What is Mithril

Mithril is a social media and social curation token that was built on top of the Ethereum blockchain. MITH has since shifted onto the Binance Chain as the first token in the entire market to make the move.

The result of the shift was evident in the price movement of MITH, but overall the result was not as favorable as expected.

Mithril Token Price Development After Binance Listing Via CoinMarketCap

From the chart above, it is evident that the Binance Chain movement announcement occurred on April 18, 2019. Following this announcement and increase in volume, the token price tanked to prices below pre-announcement in May. Without a full recovery to the listing prices, the Mithril token shows that a move to Binance Chain does not mean an increase in token price long-term.

Reasons to move to Binance Chain

Although the Binance Chain movement did not effect the price of the token long-term, Mithril has been building strong use-cases and utility. From the first listed token though, we can clearly see that moving to the Binance Chain will potentially provide a couple of positive results:

  • Short-term Price volatility usually with a price spike to retracement
  • Better chance as Binance Exchange listing and preferred Binance research (MITH is listed on both)
  • Better future chance of Binance Dex listing
  • Strategic partnership and network strengthening with the Largest Exchange and liquidity provider in the world for crypto
  • Potential increase in long-term volume which will potentially attract larger investors

Besides the listing, Mithril is doing it’s own internal development. Finally, let’s take a look at the token and review how the token is staying relevant in the current market.

Mithril Vault

The Mithril Vault is a personal custodial solution for anyone to store your crypto on the Mithril wallet vault system. Currently the vault is accepting MITH, BNB, ETH and multiple stablecoins. They are constantly looking to add more projects to the vault in order to increase the user base of the project.

Strong advocates for the the Mithril Vault are:

  • Ability to passively stake MITH on the vault
  • Holding MITH on the vault will trigger you for an airdrop of the MachiX token
  • Quick shifting from MITH to ETH and other stablecoins
  • Securely hold your assets online through your phone number off of exchanges

Mithril Staking

The Mithril token is centered around the application Pie Pie (formally known as Lit). The app has seen multiple developments since launch in early 2018 and is currently focused on the Asian market.

A great thing about this app is that you are rewarded based on likes, views, and time frame with MITH tokens. To get more rewards, simply stake more MITH on the Vault and you will be rewarded accordingly!

Overview

In summary, moving your project to Binance Chain is great for a long-term partnership with a premier liquidity provider. Cement your project in the running for joining the upcoming Dex, but do not expect a crazy inflation of token price long-term. With that being said, volume and use-case are all things serious investors look at before putting money into any project, so it does not hurt to have more honey to attract the bees.

*Nothing in this article should be taken as financial advice or investment advice.

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Chinese Whales Are Using Tether to Invest in Bitcoin

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The gateway to one of the largest markets in the world has been closed since September 2017. In addition, Hong Kong is becoming increasingly regulated by the Chinese government cutting access to the crypto market fully. This makes investing into cryptocurrency troublesome, costly, and time consuming. Any investor currently looking to enter the market from China, must be quite wealthy and have the time to dedicated to it. Specifically, those wealthy investors are using the stablecoin, Tether.

Tether stablecoin

Regardless of the recent investigation by the New York Attorney General and change of service terms made by the Tether team, there seems to be an overwhelming amount of trust placed in the project as a whole. With a retracement currently happening in the market, investors globally seem to be fine with hedging into Tether to capture gains or trade for Bitcoin.

Chinese Whales are Utilizing Tether

Specifically, in China, Tether trades are up tremendously. The controversial stablecoin is surging as an investment tool for OTC whales to purchase Bitcoin and other top assets. This year alone in China, Tether volume is up over $10 billion before the mid of June. Last year the entire 2018 Tether trading volume amounted to only $7 billion in the same region.

For China, investors will begin their investment in the stablecoin Tether through domestic over the counter deals with brokers. The brokers or even just the investors will take their stablecoins to foreign markets overseas to exchange for Bitcoin, Ethereum, and other top projects.

Bitcoin Accumulation

Due to this and Tether at all time highs in the region, we can expect Chinese investors to be accumulating Bitcoin at rapid rates. A statistic from Diar shows that 42% of Bitcoin wallets with over 200 BTC per wallet, have not shown movement since pre 2017 highs. Ironically, these wallets have all seen deposits meaning Bitcoin is being constantly accumulated by these heavy hands.

Over 55% of Bitcoins currently sit in wallets that have balances upwards of 200 coins – worth over $1Mn at any point in time within the last 11 months when the price of Bitcoin breached the $5k mark. And impressively, 1/3 of the Bitcoins that are sitting in these wallets, have never made an outgoing transaction, which, outside of exchange wallets could indicate either lost private keys, lowering real supply, or a very strong resolve by cryptocurrency believers. – Diar

Likewise, recent reports have keyed into the OTC market, stating that billionaires are looking to buy out up to 25% of the entire Bitcoin supply. Highly unlikely that this is even possible, but the sentiment of rich turning to digital assets is quite appealing for the market.

Combining this information with the on going Tariff trade wars going on between the US, China and multiple other countries, and you have a recipe for crypto dominance. Many professional traders in the space highly believe that given an economic recession, Bitcoin will surge in buyer confidence due to its natural hedge against the market portfolio. The traditional market has been on a rip upwards since 2008, which means a retracement should happen in the coming years.

US Sentiment

For the US, there has been a noticeable decrease in investors hedging into Tether after the debacle. Although, this could be due to multiple reasons such as an increase in available stablecoins, fake trading on exchanges, or change of reserve philosophy. Therefore, a clear correlation cannot be drawn at this point.

What is clear is the cynicism from the New York Attorney General and other congress members of the crypto Market. With every crypto mom, there seems to be 5 more naysayers ready to pull the plug anyway possible.

Moving forward, as Bitcoin dominance surges in the coming years and competition with a starving market heightens, anonymity may become worth more than originally anticipated.

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The Nasdaq Is Taking Over Crypto

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The volatile market has left investors clueless about what to truly expect next. No matter the market sentiment, Nasdaq is thinking long-term. With two recent large series B investments in early 2019, Nasdaq is solidifying its position on crypto. Let’s take a deep dive into what the Nasdaq is planning.

Nasdaq Venture not Nasdaq

To clarify, the investments are coming from the Nasdaq Venture and not the Nasdaq parent company. Nasdaq Venture is an investment arm of the parent company Nasdaq. The aim of the branch is to prioritize minority stake investments that range from less than $1 million to $10 million. Specifically, these investments include seed to late-stage venture rounds.

In reality, there is not a large barrier between the Nasdaq venture and the parent company’s array of clients. Therefore, we can assume that the Nasdaq is gearing up to take over the crypto market when the time comes.

“With the launch of our new venture investment program, we are reinforcing our focus on driving growth and innovation by evaluating, distributing, licensing and integrating disruptive technologies for the long-term benefit of our global clients,” said Adena Friedman, President and CEO, Nasdaq. “Investing in pioneering fintech firms, who are developing unique technologies, continues our history of being a platform and partner of choice for the most innovative companies in the world. In addition, through this program we plan to accelerate the pace of innovation to ensure our clients continue to benefit from the technologies that are reshaping the capital markets.” — Nasdaq News

The Venture officially launched in April 2017, but based on media releases the Venture unofficially started providing investments in late 2015. The first investments were in 4 firms: Chain, Stratumn, Digital Reasoning, and Hanweck. Let’s take a minute to go over each investment and the newer investments ErisX and Symbiont.

Chain Digital Securities

Chain

From an old 2015 article published by Forbes and written by Laura Shin, we can quickly find the first investment made. The Nasdaq Venture partnered with Visa, Citi, Fiserv, Telecom Orange and Capital One to invest $30 million into Chain. Right after the series B round, Chain also announced that former American Express CEO Jim Robinson III joined Chain’s Board of Directors. All companies involved were expected to meet twice per year in order to share developments, discuss distributive ledger solutions, and increase interoperability between companies.

Where is Chain Today?

Chain posted a medium post on September 10, 2018 that announced Chain was acquired by Lightyear which is a Stellar-focused company formed in late 2017 largely by the Stellar Development Foundation. After the acquisition, Lightyear changed their name to Interstellar.

Interstellar

Interstellar

Below is a brief summary of details from the medium post.

The merger brings Chain’s enterprise products and customer base to Stellar’s global public ledger, creating an end-to-end solution that will enable organizations to issue, exchange, and manage assets on a highly-scalable public network. Chain’s cloud ledger service, Sequence, will allow organizations to easily track assets as they move between private ledgers and the Stellar network.

Key facts:

Adam Ludwin, who is Chain’s CEO, will be Interstellar’s CEO

Jed McCaleb, who co-founded the Stellar Development Foundation and Lightyear, will be CTO of Interstellar

The Stellar Development Foundation, which develops the Stellar protocol and supports the open source community, remains independent

Digital Reasoning Ai computing

The second investment made twice by Nasdaq Venture is to an AI solution based company Digital Reasoning. Digital Reasoning focuses on expanding “human-centric” AI Solutions and enabling digital transformation for financial institutions. Nasdaq and Lemhi lead the $40 million dollar series D investment round in early 2016 along with Goldman Sachs and HCA.

“Digital Reasoning has built an unmatched track record of helping our customers solve their most challenging problems across industries with a leading enterprise cognitive computing platform and intelligent assistants for key customer use cases,” CEO Tim Estes said. “This latest funding round accelerates continued innovation by enabling us to implement state-of-the-art Deep Learning technology into all of our offerings, deliver the world’s leading holistic surveillance solution in partnership with Nasdaq, add talented team members to pursue life saving analytics in health care with HCA and others, and drive novel Data Science initiatives at the world’s most valuable companies.” –BanklessTimes

Where is Digital Reasoning today?

In 2018, Digital Reasoning accomplished multiple things: $30 million in funding, Forbes top 50 fin-Tech , Sell-side best technology award, and bridged into the health industry . In mid October 2018, Digital Reasoning’s AI initiatives impacted hospitals by satisfying their quadruple aim: enhance the patient experience, improve overall population health, reduce costs, and improve the work life of clinicians and staff.

Hanweck Analytics

Third on our list is Hanweck. This company is a leading provider of real-time risk analytics on global derivatives markets and data. Information on the investment is vague, but what is clear is Hanweck worked closely with the Nasdaq Venture upon launch in 2017. At the same time, Nasdaq’s Jean-Jacques Louis joined the Board of Directors of Hanweck.

The team has been growing remarkably fast in the disciplines of quantitative research, quantitative modeling, derivative trading, market making, and market focused risk analysis. There is a strong assumption that Hanweck is also providing data on digital assets. This will allow Nasdaq to offer derivatives for crypto assets.

In 2017 and 2018, Hanweck was named Best (small employer) Company to Work for in New York State out of 27 other candidates.

Hanweck is the leading provider of real-time risk analytics on global derivatives markets focusing on the large-scale risk problems of banks, broker/dealers, hedge funds, central counterparties and exchanges — where the number of instruments and positions number in the millions. Hanweck delivers its risk analytics as a real-time service — usually in the form of a data feed — dramatically simplifying integration with its customers’ risk architecture. — benzinga, Globe Newswire

Where is Hanweck Today?

Recently from January 8, 2019. The headline read, “Hanweck Listed in the Top 50 of Chartis: RiskTech100® 2019 Rankings”. This company is inspiring the globe through their analytic solutions.

Stratumn applications

Stratumn is one of the smaller investment made in June 2017. In total, the series round amounted to under $8 million. The round was lead by CNP, followed by Digital Currency Group and Nasdaq.

Stratumn, a Paris based start-up, was founded in 2015 and aims to help companies develop applications that want to utilize blockchain technology. To achieve this, Stratumn couples their Proof of Process (POP) and innovative cryptography in order to easily promote compliance, privacy, security, and trace-ability. Additionally, Stratumn seamlessly reduces operational costs and improves the customer experience.

“An investment in Stratumn was a natural development for us given the experimentation projects we have successfully executed with Richard and his team over the past year,” Jean-Jacques Louis, Nasdaq head of corporate strategy — Reuters

Where is Stratumn Today?

Currently, Stratumn is very busy building protocols and use-cases on their Github page. News wise, there is an article from August 2018 that discusses GDPR ( Global Data Protection Regulation) and how Stratumn is working to uphold these regulations through blockchain solutions.In our enterprise blockchains at Stratumn, stakeholders timestamp the hash of their data on a public blockchain, while putting only proofs of data as transactions on the blockchains. This allows the enterprise network to verify every transaction without exposing data.

ErisX Digital Asset Trading

Next on the list is a more recent investment ErisX. The Series B ended in December 2018 with an amount of almost $28 million. Investors included Fidelity, Nasdaq Venture and previous investors from the series A in October: TD Ameritrade, Valor Equity Partners, and Cboe Global Markets.

ErisX is an exchange based company that aims to improve digital asset trading for institutions and individuals.

With our in-depth experience of delivering and operating a fully regulated market place, ErisX is venturing into the digital asset space with a broad offering of both spot and futures contracts on one platform. ErisX is integrating digital asset products and technology into reliable, compliant, and robust capital markets workflows.

Starting with Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC), the ErisX solution provides trading, deposits and withdrawals on a stable capital markets technology infrastructure. — ErisX

With the range of investors looking to jump on board in such a short-time span, crypto traders should be on the lookout for a new exchange to hit the market offering Spot Contracts and futures in mid to late 2019. Granted regulatory approval is provided, this exchange should become well know to large market markers.

Where is ErisX Today?

With the recent investments, there’s a short time for development. News on the ErisX website discusses two new board members, Joseph Lubin, founder of ConsenSys, and Cris Conde, financial technology entrepreneur that joined in early 2019.

“We are pleased to welcome Joseph and Chris to the ErisX Board,” said CEO Tom Chippas. “As two leaders in the digital asset space, ErisX will benefit from the unique perspectives they offer and the enthusiasm they bring to the space.” — BuisnessWire, Jessica Darmoni

Symbiont Solutions

Last on our list and most recent in the market is Symbiont. Recently in January 2019, Symbiont finished its series B round raking in $20 million from lead investor Nasdaq Venture followed mainly by Galaxy Digital, Citi, and Raptor Group. The funding round will further cement its lead as a global financial market provider in blockchain platforms.

“Closing this round of funding enables us to accelerate investments in our platform and team,” said Symbiont CEO and Co-founder Mark Smith. “Leveraging our financial markets and blockchain technology experience, our anchor partners like Vanguard, Lewis Ranieri, and Nasdaq will benefit from developing new distributed applications on Assembly, our enterprise blockchain and smart contract platform. Assembly provides the opportunity for new participants to enter the digital asset market and offers existing participants a superior infrastructure on which to build the future of financial markets.” — PRNewsWire

Symbiont’s website mentions multiple blockchain based solutions involving: mortgages, syndicated loans, Index Data, Private Equity & Crowdfunding, Corporate Debt, and Asset Digitization. For each listed solution, the website outlines the current problems relative to that market. Great things should come out of this company and enable Nasdaq to capitalize on even more industries.

Nasdaq on the Blockchain

Nasdaq is heavily invested into the digital asset, blockchain solution, data accumulation, market making and digital exchange industries. Anyone previously discounting digital assets and blockchain as reputable industries should reconsider such opinions. Some people may recall the saying, “Money talks.” Well, it is speaking pretty clearly about the future of the Nasdaq. The question is, who will listen?

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Top Strategies For Cryptocurrency and Forex

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In the early stage of cryptocurrency, trading can seem volatile and without reason. With proper practice, disciple and market exposure, every trader will start to gather the wisdom of how to capitalize on the market. The goal of this content is to teach people how to invest in cryptocurrency profitably through strategies similar to Forex. Through assessing risk tolerance, traders can utilize these top strategies for cryptocurrency and forex to make higher profits, capture gains and hedge their risk.

Get rid of volatility with pound/dollar price or with a stable coin

Volatility remains the characteristic of trading cryptocurrency. If you are a big fan of bitcoin’s fundamentals, it may be a conflicting issue. Currently, the volatility of bitcoin has been increasing over time as we return to a bull market. This is great for traders in the crypto market compared to traditional markets. In comparison, the Dow Jones only trade for a space of 7.8 percent in recent times at its largest swings.

If you can access the standard approach of trading, 7.8 percent is a decent spread. For crypto assets, this figure is much larger and can fluctuate week by week. To help prevent some of this volatility, we will use investment tools like stable coins in the crypto market. In traditional Forex, you would use the Pound/Dollar Prices to do the same. Specifically, make sure you utilize these hedging techniques to capture profits, reduce losses, and prevent increased volatility.

Use investment theme techniques to mix assets

The theory of asset assigning may work well when using investment style strategies. The process helps to determine returns with the help of mixing assets with real holdings. It’s the balance of alternative investments, bonds, stocks, and commodities for traders. If the trading environment is for cryptocurrency, the theory will work in similar ways.

It implies that the trader should split the cryptocurrency platform from existing ones. The splitting of the trading platform can lead to proto asset categories. Breaking the crypto trading arena into sectors is all the theory reflects. Traders should have an innovative perspective on how cryptocurrency trading operates. Utilize multiple exchanges, digital assets and wallets in order to optimize your trading efficiency, and maximize your market influence.

Diversification of portfolio

For traders looking to make a profit in trading, it’s crucial to use diversification of profile. One of the best reasons for using this technique is that it can help to reduce any risk. It is not a good idea to put your funds into one trading platform. Some experts trading in the bitcoin sector may disagree with this position.  Applying portfolio diversification may occur in a plethora of methods.

Proof-of-stake, proof-of-work, and underlying technology are all ways to divide your portfolio. A regional method is another way of diversifying your portfolio for cryptocurrency trading. For instance, if you invest in the westernized Ethereum, possible diversify your portfolio by investing in an Asian market based project as well. Target audience and capital market access are other features under this approach.

Engage in smart holding like cold storage and verifiable dealers or brokers

Holding is a common word in the cryptocurrency trading platform. Without any iota of doubt, the hold-and-buy technique is what smart holding reflects. There is a gamut of cons when using the holding approach. These cons will come as a product of the time a trader is setting aside for investment. It also correlates to the period when you will be making your ROI.

The real problem is that when projects default, you may encounter some investment issues. Using the smart holding approach should be exercised with caution and extreme due diligence.

Try to invest by using a stable and secure crypto asset

When Buffett engages in stock, large moats are what he applies. Warren sees the difficulty of other people prospering when large firms are on the stage. The approach also states that intellectual property can be a factor.

Bitcoin is an example to help you understand Buffett’s ideology when trading. Bitcoin is popular and has a reputation among other crypto assets. The idea of using other crypto assets to trade is a great way to avoid risk. It can also help the trader make profits while reducing any losses.

Pool Investments if able to form stronger portfolios with other traders

When several people come together to trade cryptocurrency, the pool may reduce individual risk. It is because individual traders will bear the loss or gain in the process versus a pool of traders. This investment idea has been one of the best ways to handle crypto’s operations. Similarly in traditional markets, Mutual fund and investment trusts are ways to help people trade in collective terms.

If you are looking for a cheap passive income or exposure to trading, this approach works. It will help traders to track their index ETF during the process. At the moment, you may not have come across anything like cryptocurrency ETFs since the SEC and regulatory bodies have not approved of them as of yet. In summary, collective trading can help both veteran & newbie traders have a taste of the real world.

Engage in passive income while investing with cryptocurrency

When you stake coins, some large networks may end up paying investors more. It is like getting a profit for investing your money in a bank. People can see this as lending others money with an increment of profit over time. The credit honesty and worthiness of the borrower will be a crucial factor here. In Forex, most bond investments or the lender will look at the credit reputation of the borrower before investing. In essence, the stake pool that you will interact with.

It is good to invest with this approach on a creditworthy network. Besides staking, Trading pools will enable other benefits for choosing the right trading service. Engaging in a passive income of cryptocurrency trading will pay off in the long run.

Never trust the market sentiment or majority. If everyone expects it, it will probably be wrong

When other people are greedy, Warren Buffett says you should be fearful. Buffett also continues by saying that you can be greedy when others are fearful. People that always like to take the risk may end up benefiting the dividends.

It is real when the volatility of investment becomes low. This process keeps you far away or at the bottom of the bear market. Fear is one of the factors that can bring about weak market sentiment. This strategy is a way of helping you reach the best result when trading crypto. Confidence is key in your investments and patience will reward you handsomely.

Market Trading Strategies

Understanding result-driven strategies is the key when trading cryptocurrency or Forex. Once you understand the above techniques, applying them remains the next important step and something that deserves to be given a proper attention to at all time to prevent losses and maximize gains.

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Project Updates in June

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With Q2 coming to an end in June, there are tons of project updates in June looking to finalize some quarterly ambitions. Most projects promised some type of upgrade, application, or listing per quarter in their roadmaps, but it seems Q3 is sneaking up on them fast. With the surge in market prices, most investors and speculators are not as concerned with the developments anymore. Regardless of your position on decentralization or trading, there is money to be made in the market surrounding certain updates.

Before Q2 ends, there are some great opportunities to grow your portfolio. The standard trading practice in crypto is buy the rumor and sell the news. Therefore, here is my list of the top rumors to lookout for before the Q3 torch is lit.

Note, nothing in this article should be taken as trading or investment advice. Do you own due diligence and research before putting your hard earned money into anything.

Cardano June Updates

First on the list is Caradno (ADA). ADA is one of the most highly anticipated and appreciated projects in the crypto space. Although, ADA’s greatest weakness seems to be providing what was projected in their roadmap time to time. Before the end of Q2 (June 30), we can hopefully expect two things to come to pass.

Cardano Roadmap Update

With Cardano being over a year old and in full development mode, it is time for the team to produce a new and obtainable roadmap. Known for not quite accomplishing every thing on the list, IOHK and Emurgo need to be mindful to not bite off more than they can chew. Traders should be mindful of Cardano as it approaches major updates and milestones on this new roadmap as the price can fluctuate quite rapidly.

Shelly Testnet June 15

Soon after the new proposed roadmap is released, the Shelly Testnet should be launching. Shelly, the newest mainnet project, will be rolled out in phases throughout the year. This means there should be multiple updates, protocols, peer reviews, and workshops beginning the process of completing the Cardano masterpiece. If you want some technical advice on the upcoming price action for this project, check out this article.

Zilliqa June updates

Zilliqa is another great project that has tons of anticipation and positive reinforcement from the community. To reflect, Zilliqa is one of the first public blockchains which aims to implement sharing and allow linear scaling as the blockchain naturally develops. This project currently has two big updates launching before the end of Q2 that crypto advocates should listen for.

ZILLIQA SMART CONTRACT RELEASE

First of the announcements is the release of smart contracts on top of the Zilliqua blockchain. The Zilliqua blockchain aims to solve scaling problems through sharding which more traditional blockchains struggle with. Although this is impressive, multiple top projects in the space now have scaling solutions which could be why Zilliqua has not been as prominent since its release. Besides stable competition, the project still has a massive following and huge potential.

With the upcoming release of smart contracts on top of the Scilla interpreter, the project is looking better than ever. Investors and speculators should expect some price movements surrounding this update. Most bag holders could try and trade the spread. The price changes can easily increase your bags if you are careful and know the price movements of this asset. Learn more about the upcoming smart contract release on this article here.

In addition to the smart contract release, the Zilliqa team has a scheduled Core Protocol Engagement update due before the end of Q2. This could happen at anytime in the month of June if it is not pushed back into Q3

NEO June Updates

NEO has been out of the news for a while, but we have to never count the China version of Ethereum completely out of the races. Unfortunately for this project, their main token based project that resides on top of their blockchain, Ontology, is planning to switch to a more proactive and developed chain in the coming months. With no plans being set in stone, we could see these movements change if NEO steps to up their game. Either way, there is one event coming up that market markets should be looking towards.

NEO MAINNET UPGRADE

On June 3rd at 9:00 am there will be a very important NEO mainnet upgrade. During this all mainnet nodes will upgrade to neo-cli v2.10.2 with an implemented dBFT 2.0 consensus algorithm. There will also be a network fee adjustment to improve system stability. Easy to say that this upgrade is very over due and could spark some life back into this decaying project.

June Crypto Events

There are multiple other crypto events, upgrades, and announcements happening around this space. Here is a list of three more you can research if you are interested. Remember, most of these listed above and below could result in high volatility in each respective asset. Keep that in mind if you are thinking of aggressively trading any of the assets mentioned.

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What is Next for Bitcoin

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Currently, Bitcoin is recovering after an extended bear market brought on by a surge in price throughout 2017 and into early 2018. Today the market is as strong as ever as we see a recovery from the lows skimming the $3,000 levels back to just shy of the $9,000 level as of June 2019.

Bitcoin has proven itself to be a resilient asset. It has withstood the test of time, failures, bear markets, severe retracements, numerous hacks, and political debauchery.

On the flipside, Bitcoin still has a long way to go before it is globally adopted as a useable currency for the masses. There are several projects heading these endeavors similar to the lightning network, sidechains, and other layer 2 protocols. Although, none have been enormously successful, the search continues for the golden nugget.

For this article, I want to dig into what are some of the current events surrounding Bitcoin, what is next for Bitcoin, and some ways you can profit from these scenarios.

Bitcoin Current Events

Currently, we are approaching the end of Q2 2019. Bitcoin has been recovering out of the 2018 bear market and finally is breaking ground slowly approaching the psychological $10,000 levels. If Bitcoin can breach this level, we should see a shift in the market even more. Currently, the price of Bitcoin is hovering between $8,000 and $9,000, but we all know that changes fast.

This is not as important as the current adoption that has been happening globally. Microsoft, as silly as this is, will add the Bitcoin symbol to their upcoming Excel sheets which ironically is big news. Bitcoin is now an icon if anything.

Reaching as it may, that is far from the only bullish new surrounding the current market standings. The SEC has been continually dragging their feet intentionally to slow the pace of this emerging asset class. No one truly knows why, but it could be assumed that is has a strong correlation with bank relationships, high authority influence, and a personal view effecting them from doing their job properly. Regardless of the true reason, they can not hold out for long.

There is an increase in speculation of Bakkt finally launching their platform. Additionally, Binance will be launching their margin trading which should excite the day traders. In addition, the current surge in BTC price is leading new money to enter the market, which will ultimately continue to solidify cryptocurrency as a reputable asset class.

What is Next For Bitcoin

Bitcoin has lived many lives, had many developers, and gone through many changes. The Bitcoin core team is a strong group of dedicated programmers paving the way of the future. What could be next then for Bitcoin? To put it easily, no one really knows. Any advancement or change in the coding must be agreed upon by all of the miners and governing bodies. This decentralized asset must also be updated fundamentally in a decentralized way which can make things difficult.

Difficult might be a strong word to use here, as it is more like complex. Typically, when a new update comes out there can tend to be some disagreements. Historically this has lead to the creation of Bitcoin Cash lead by Roger Ver which now ultimately lead to Bitcoin SV lead by his highness princess Craig Wright.

With such extremes, it is hard to pinpoint what will come next for the grandfather BTC. We can assume a few things though. Bitcoin will need to have side chain or some sort of efficient and adopted layer 2 protocol to effectively be used as a payment system. There are several solutions to this already in play like the Lightning network, but there is work to be done.

Moving further into the use cases and development of BTC, we will start to see changes become harder to make. The mining pool will start to get even more cluttered, and any changes to the core protocol will become more complex as we grow as an industry. As larger companies start to dip their toes into the waters, they too will want to have a vote at the poll. A decentralized currency for all, could end up becoming a decentralized currency from all if there are too many cooks in the kitchen.

Ways To Profit off of Bitcoin

As things continue to heat up over development, market sentiment, and adoption, are there ways to make money? Clearly, the answer is a resounding yes. There are countless way to profit off of Bitcoin. Some of these way include:

  1. Day Trade the currency
  2. Hold the currency long-term
  3. Build a business model around selling or buying Bitcoin (Broker)
  4. Enable Bitcoin payments for your business
  5. Develop an app or product that utilizes Bitcoin for a solution
  6. Build a Bitcoin Gateway and market it
  7. Build or sell wallets for Bitcoin to be stored in
  8. Educated people on Bitcoin by offering classes for sale
  9. Write about Bitcoin online and build your audience to monetize products
  10. Build a product that manages trades or enables users to make smarter trades
  11. Develop trading bots and algorithms for better tracking the price of Bitcoin
  12. Become a custodian
  13. Offer options, derivatives or futures as a company
  14. Become a dealer for Cryptocurrency
  15. Learn enough to be a Professional on Bitcoin and consult companies in this space
  16. Become a niche investor for Bitcoin based companies or startups (Venture Capitalist)
  17. If you are a lawyer, specialize on digital assets and SEC regulations
  18. Offer headhunter services if you have the network

This is just a quick list of all the ways you can profit off of Bitcoin, or the market surrounding Bitcoin. Like I mentioned, there are countless way and the list could go on and on. Find where your talents or situation fits into the market, and capitalize on the market while it is still young. Lay your claim to crypto, Bitcoin and blockchain.

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Useful List of Places to Trade and Learn About Cryptocurrency

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If you are new to the crypto market or if you are a veteran forged through continuous corrections and bull runs, there are a few sites we should discuss. In this article I want to lead you to the best places for cryptocurrency to obtain all the information you will need. Utilizing these websites properly will help you make better decisions, save time, and eventually could lead you to a nice ROI.

Before we get into it, please remember the crypto market is a dangerous, volatile and unforgiving place. Invest with caution and remember that money is not everything in life! Only invest what you can lose. Nothing should be considered financial advice on the internet either, including this blog.

Additionally, always strive to stay positive and learn from your mistakes when investing. Every trader does and will make mistakes at some point. It is those who keep a level head, evaluate the situation and improve that will come out on top. Stay confident in yourself because of your due diligence, effort, and passion. With that being said, let’s get into my list of best places for cryptocurrency.

Best Places for Cryptocurrency Investors

Top News on Crypto Panic

First on the list is a personal favorite, CryptoPanic or CP for short. CP launched in early 2018 and since then has become a tool that I personally utilize daily. If you are new to the market, it may seem slightly overwhelming at first. Once you are familiar with names, projects, assets and trends, this website will save you countless hours of research daily.

Why does CryptoPanic save you hours of research daily? Simply, CP pulls all of the most top rated sources across the crypto industry into one news feed. This means all of the best articles from over 50 sources are aggregated daily through the top news feed. What is even better, the readers and users on CP get to vote on their favorite articles, news, and announcements. Since CP users have a wide and deep knowledge base in the crypto market, they will quickly weed out the bad articles from the good articles and leave you with a list of the 7 most important articles across the market at that time.

If you were to try and scour 50 sites a day, read potentially hundreds of articles and then score each one on market impact, you would run out of hours in the day. CryptoPanic makes this problem disappear. Moreover, there are polls which anyone can create, discussions on top articles for deeper understanding, and constant improvements to the platform. Easy to say, CP is a must for anyone entering, researching, or speculating on cryptocurrency.

Research on Coin Market Cap

One of the oldest and most well known websites on the market is Coin Market Cap or CMC for short. This site has been around for over 6 years and continues to be the most used and reliable site. simply, go onto the site to check your favorite coin’s price movements, social media posts, and see what coins are trending in the market that day.

Lately, the site has been going through some renovations in late 2018 and throughout 2019. They are adding new features like blogs and top news on the market. The bad part is this news is static and the community does not really have a chance to vote or discuss the news as needed. Additionally, there have been problems in the past with the ranking of exchanges by volume.

In 2018, there were multiple reports of exchanges posting fake volume in order to increase their ranking, bait in traders, and capitalize on the market. Many of the Asian exchanges were found guilty of this and have since been penalized on rankings. In addition, CMC now offers rankings with adjusted volume levels.

Specifically, how do you use this site properly? Quickly compare multiple projects and coins by researching and looking at important factors like:

  • Number of liquidity pairings
  • Number of exchange listings
  • Social activity
  • Transaction and trade volume
  • Circulating supply and total supply
  • Historical highs and lows
  • Similar projects

All of these things can be found on each project page along with additional information. These are basic things to look at and compare before investing in any project. Use CMC as your tool to make smart investments. For these reasons, Coin Market Cap is one of the best places for cryptocurrency investors to research.

Cryptocurrency Videos on YouTube

Like most things in this world, YouTube has a heavily dedicated list of crypto advocates. Each crypto Youtuber will slightly cater to different audiences, but there are some very important things to consider before dedicating your time to learning from one of these presenters.

Before you commit yourself to following a specific channel, think about what it is that you want. If you are a Hodler in the market which means you bought your assets and you are in a long position with no thoughts of short selling, then you may just want entertainment. There are multiple Youtubers that focus on entertaining the masses while giving the news. A popular channel is CryptoDaily.

If you are more concerned about the tech side of the market like blockchain, company specifics, hacks and forks, then you may want to follow Ivan on Tech. Although some people love drama and a good conspiracy, if that is you then you should definitely check out the Crypto Lark.

Regardless of who you watch, make sure the content you are consuming fits your needs. Additionally, they should not be trying to pressure you to buy or sell, shill you projects, or manipulate your mind about your investment. You should watch a video and walk away with a feeling of time well spent. If you are not satisfied with any of the YouTubers listed above, do some research and find one that best fits you!

trade on Binance Exchange

Clearly, if you are going to invest into a volatile and dangerous market you will need a good exchange to trade. Binance is the best exchange on the market by far. Even in the event of security breach, they have an impeccable record of protecting user funds, and reimbursing users funds that are lost, stolen externally or hacked internally.

Investors and traders on Binance can feel a certain sense of security when using a dependable platform. Specifically, the CEO, CZ, is driven to further the industry through all means of cooperation, innovation and resilience.

Furthermore, Binance hosts some of the cheapest trading fees on the entire market. Holders of their native BNB token will save even more when trading on the exchange through a BNB fee payment system built into the exchange. Aside from savings on constant fees, every top crypto has a stable coin pairing which enables you to capture gains consistently and without worry.

Another great feature of this exchange is the accessibility to hundreds of assets all in one place. Moving through 2019 the exchange will also enable margin trading for more gains to be made, continue building on their own blockchain, and push the boundaries of the industry.

Manage Trades on 3 commas

A lesser known website, 3 Commas (3C) is a must have for investors. Why is it a must have? In short, you can take your Binance account from above and use the API through the 3 Commas platform. This enables you to pend conditional orders which is something you can not typically do on the Binance platform.

For instance, on 3C you can not only set your stop limits for assets, but also enable purchases after those stop limits are triggered. Let us think of it like this. You have $10,000 in Bitcoin on Binance. You would create an account on 3C, and link the accounts through the Binance API. Then, you can manage your trading from 3C without having to log onto the Binance account.

Now, assume you suspect Bitcoin to go through a correction, but you do not want to ride the correction. You would rather capture your gains at a certain percentage retracement and then re-enter on the recovery. On 3C, you can do just that. Hypothetically, you could set your stop limit at 3%, and then set a buy back order for when the market stops dipping and increases by 1%. Thus, if the market dipped 10% here would be the result.

  • Initial $10,000 in Bitcoin
  • Market dips 3% and stop limit is triggers through 3C. You sell your Bitcoins at $9,700. Bitcoin continues to dip the full 10% to $9,000.
  • Once the dip reached $9,000, the price of Bitcoin begins to recover.
  • Since you set a buy back order through 3C, now you automatically purchase bitcoin again at the price of $9,090 due to your 1% increase setting.
  • Thus, you actually will gain Bitcoin over the process of this correction in the market over time instead of losing 10% of your portfolio. Essentially you are making a spread.

Here is a Excel chart for another representation of the benefits of using 3 commas properly:


I highly recommend everyone get a 3 commas account the same time you sign up for your Binance account.

Trade on SFOX

SFOX is an amazing tool for traders. Specifically, SFOX provides traders and institutions with over 20 liquidity partners, verifiably secure processes, insurance up to $250 thousand, and first class customer service. This platform is not for the average investor, but if you are a day trader or simply a passionate trader looking to developer your skills, utilize this tool.

The business developer of SFOX participated in a complete interview with me recently. Everything on that interview is in this article. Additionally, there are tons of benefits to using a dealer like SFOX. For instance, instead of moving assets exchange to exchange to capitalize on arbitrage, trading pairs, and different assets, you can do it all on SFOX. Another great feature that makes it stand out above its competitors is the user friendly interface. Make sure to check out this platform if you are considering becoming a trader.

Cryptochill Bitcoin Payment Gateway

The above websites and platforms cater to the average investor with the exception of SFOX. This section aims to please the brokers, exchanges, and merchants. If you need to really transact some Bitcoin and move some serious cash, you may need a Bitcoin Payment Gateway. Specifically, one company in particular makes a point to cater to the client and provide every available solution on the market. That company is CryptoChill or CC for short.

This is a very niche part of the market, but as a merchant you may also want to implement a simple pay with Bitcoin button on your website. You can do this easily with Cryptochill and manage invoices, adjust confirmation acceptance, and review transactions all on the CryptoChill dashboard. Likewise, brokers and exchanges can build and customize their gateway with no gap limits, negotiable fees and constant support.

Although 99% of crypto advocates will not need a Bitcoin Gateway, it is important for the 1% that does to find one that will take care of you. Additionally, CC has security at the forefront of their development process. Exchanges, brokers, and merchants can rest assure that their transactions are safe and easily accessible at all times.

List of Best websites For Crypto

This is a short, but impactful list. If you are trading, entering, speculating, running a company, managing transactions, writing blogs, researching, living on the moon, or saving for retirement. These sites will help you navigate the waters of crypto. Make sure to utilize them properly to fully optimize your chances for success in this market.

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