Automatize trading tax calculation
The majority of our customers are concerned about the calculation and payment of tax on crypto trading. To solve this problem, we collaborated with Cryptotrader.tax.
What are the advantages of the Сryptotrader.tax?
CryptoTrader.tax automates the process of calculating taxes on crypto trading. Just connect your exchanges, import deals and upload your tax report in minutes.
Thanks to this partnership, all 3Commas customers get a discount of 10% on the use of the service. The discount is available if you use the following link upon registration - https://cryptotrader.tax?fpr=tax_3commas
You can read more about the service and partnership here
The majority of our customers are concerned about the calculation and payment of tax on crypto trading. To solve this problem, we collaborated with Cryptotrader.tax.
What are the advantages of the Сryptotrader.tax?
CryptoTrader.tax automates the process of calculating taxes on crypto trading. Just connect your exchanges, import deals and upload your tax report in minutes.
Thanks to this partnership, all 3Commas customers get a discount of 10% on the use of the service. The discount is available if you use the following link upon registration - https://cryptotrader.tax?fpr=tax_3commas
You can read more about the service and partnership here
What is the difference between a trader and an investor?
Most of the market participants, depending on their strategy, may be categorized as either a trader or an investor. One could roughly say that the difference between the two lies in time each one holds the position, but there is more to it: their goals and strategies differ significantly as well.
In this article we will review both categories and compare the basic principles of their strategies.
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Most of the market participants, depending on their strategy, may be categorized as either a trader or an investor. One could roughly say that the difference between the two lies in time each one holds the position, but there is more to it: their goals and strategies differ significantly as well.
In this article we will review both categories and compare the basic principles of their strategies.
Read article
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Binance will remove five trading pairs: CND/ETH, CTXC/BNB, DLT/BNB, VIBE/ETH, ZEC/PAX
https://www.binance.com/en/support/articles/360040335232
https://www.binance.com/en/support/articles/360040335232
Binance
Notice of Removal of Trading Pairs - 2020/03/11 | Binance
Fellow Binancians, Binance will remove and cease trading on the following t
Overview of the world economy
On Monday, oil prices fell by 30% within a few minutes after the market opening. The reason for the collapse was the failure of negotiations on additional reduction of oil production by OPEC countries. The fall began after Saudi Arabia launched a price war with Russia which refused to decline in oil output, previously proposed by OPEC to stabilize oil markets affected by concerns about the global spread of coronavirus. Experts predict the fall in oil prices will cause a knock-on effect on world markets.
The great drop in oil prices caused a panic selling on the world financial markets:
- Brent fell from $45 per barrel to $31 in just 24 hours, reaching a four-year low;
- Euro rose 1% to $1.1394 which is eight-month high;
- Major Russian companies’ shares fell by 15-25%.
- World stock exchanges lost between 5 and 10%;
- London Stock Exchange Index showed the largest daily decline since 2008 — 7.7%.
- Saudi Aramco shares fall below IPO price for first time;
- Bitcoin lost 13% of its value, down $1,000.
Lately, Bitcoin continues showing a strong correlation with the stock market. These events show that Bitcoin investors are not interested in it as a protective asset, but rather that they are getting rid of their "digital assets" due to the world volatile situation. Often, institutional investors transfer their savings to more steady and familiar protective assets, such as gold.
And in the midst of events with the coronavirus and oil prices break the gold rose in price to $1700 per ounce to its highest level since 2012.
On Monday, oil prices fell by 30% within a few minutes after the market opening. The reason for the collapse was the failure of negotiations on additional reduction of oil production by OPEC countries. The fall began after Saudi Arabia launched a price war with Russia which refused to decline in oil output, previously proposed by OPEC to stabilize oil markets affected by concerns about the global spread of coronavirus. Experts predict the fall in oil prices will cause a knock-on effect on world markets.
The great drop in oil prices caused a panic selling on the world financial markets:
- Brent fell from $45 per barrel to $31 in just 24 hours, reaching a four-year low;
- Euro rose 1% to $1.1394 which is eight-month high;
- Major Russian companies’ shares fell by 15-25%.
- World stock exchanges lost between 5 and 10%;
- London Stock Exchange Index showed the largest daily decline since 2008 — 7.7%.
- Saudi Aramco shares fall below IPO price for first time;
- Bitcoin lost 13% of its value, down $1,000.
Lately, Bitcoin continues showing a strong correlation with the stock market. These events show that Bitcoin investors are not interested in it as a protective asset, but rather that they are getting rid of their "digital assets" due to the world volatile situation. Often, institutional investors transfer their savings to more steady and familiar protective assets, such as gold.
And in the midst of events with the coronavirus and oil prices break the gold rose in price to $1700 per ounce to its highest level since 2012.
The Most Interesting News in Our Digest
Capitalization: $224 billion
Trade volume (24h): : $136 billion
BTC Dominance: 64%
BTC: $7,878 (-0,8%)
Bitcoin started recovering from Black Monday and returned to $8,000. During the strong decline Bitcoin reached $7,600 and lost 17% of its value in two days closing 2 gaps which had been formed on the CME futures exchange at $8,450 and $7,685.
Bitcoin broke through the 200 and 100-day moving average levels. If the bearish trend continues, the next support level may be at $7.350, which is an annual low.
🔹Congressman Paul Gosar presented the new version of "Crypto Currency Bill 2020)". which aims to create positive environment for digital assets in the U.S. This bill can provide clarity as well as legitimacy to the cryptology in the U.S.
🔹Goldman Sachs stated that the U.S. economy could go into recession if the coronavirus epidemic will linger on. In this case, regulatory authority will have to reduce Fed's rates by 0.5% again. In a given setting, analysts expect that the S&P index will decline to 2450 by the end of the year.
🔹Fed plans to print $100 billion in response to panic markets’ fall. Federal Reserve Bank of New York (which manages the Fed's balance sheet) will provide American banks with up to $100 billion in additional repo loans from March 10-12th.
🔹 Scammers from PlusToken continue stolen bitcoin laundering through the wallets of cryptocurrency mixing services. This time, 13000 BTC had been passed through the mixer. Chainsguard analysts reported that the transactions did coincide with the fall, indeed. But the pyramid assets are still in the mixers and have not entered the stock exchanges yet.
#3C_digest
Capitalization: $224 billion
Trade volume (24h): : $136 billion
BTC Dominance: 64%
BTC: $7,878 (-0,8%)
Bitcoin started recovering from Black Monday and returned to $8,000. During the strong decline Bitcoin reached $7,600 and lost 17% of its value in two days closing 2 gaps which had been formed on the CME futures exchange at $8,450 and $7,685.
Bitcoin broke through the 200 and 100-day moving average levels. If the bearish trend continues, the next support level may be at $7.350, which is an annual low.
🔹Congressman Paul Gosar presented the new version of "Crypto Currency Bill 2020)". which aims to create positive environment for digital assets in the U.S. This bill can provide clarity as well as legitimacy to the cryptology in the U.S.
🔹Goldman Sachs stated that the U.S. economy could go into recession if the coronavirus epidemic will linger on. In this case, regulatory authority will have to reduce Fed's rates by 0.5% again. In a given setting, analysts expect that the S&P index will decline to 2450 by the end of the year.
🔹Fed plans to print $100 billion in response to panic markets’ fall. Federal Reserve Bank of New York (which manages the Fed's balance sheet) will provide American banks with up to $100 billion in additional repo loans from March 10-12th.
🔹 Scammers from PlusToken continue stolen bitcoin laundering through the wallets of cryptocurrency mixing services. This time, 13000 BTC had been passed through the mixer. Chainsguard analysts reported that the transactions did coincide with the fall, indeed. But the pyramid assets are still in the mixers and have not entered the stock exchanges yet.
#3C_digest
In recent months, the crypto community has begun to see an open gap trading strategy on the bitcoin futures chart on the CME exchange increasingly. Over the past weekend, one of the largest gaps in the history of the CME Bitcoin Futures chart has been formed which has over 900 points.
In this article we are going to figure out what are the gaps, how do they form, and what their varieties are. We will also determine the pattern of development of gap trading strategy in the cryptomarket.
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In this article we are going to figure out what are the gaps, how do they form, and what their varieties are. We will also determine the pattern of development of gap trading strategy in the cryptomarket.
Read article
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Bitcoin went down to $5550 within 1 hour.
Bitcoin fell by 24% in a moment of intensive panic in the market reaching $5550 - the May last year price. In one hour of market decline, a record sum of $2.3 billion in liquidations was registered. At the same time, the cryptocurrency market lost over $50 billion in just few hours.
This was the second strongest market decline since November 2018.
Bitcoin fell by 24% in a moment of intensive panic in the market reaching $5550 - the May last year price. In one hour of market decline, a record sum of $2.3 billion in liquidations was registered. At the same time, the cryptocurrency market lost over $50 billion in just few hours.
This was the second strongest market decline since November 2018.
The Most Interesting News in Our Digest
Capitalization: $140 billion
Trade volume (24h): $242 billion
BTC Dominance: 64.4%
BTC: $5,116 (-32,9%)
Bitcoin has lost 50% of its value in the last 24 hours falling to $3,780 on Binance, thus updating the 12-month minimum. At the moment of the fall, Bitcoin broke through the trend line formed since 2015. Now the price has returned to the area of $5,000, but possibly further strong movement.
🔹The World Health Organization (WHO) has declared coronavirus pandemic in the world.
🔹CME Group announced that after the end of the working day on March 13, the trading floor will be closed due to the coronavirus pandemic. Traders were aware of this in advance as evidenced by the minimum Bitcoin futures trading volume.
🔹The Bank of England has made an emergency reduction of the base interest rate in terms of the risks associated with the coronavirus. The rate was lowered by 50 (0.25%) basis points.
🔹According to new OXT research, the PlusToken pyramid laundered $1.3 billion in cryptographic currency through OKEx, Huobi and other trading platforms. At the moment, scammers have 37725 BTC. And 33872 coins had already been passed through the "mixers".
🔹Analytical startup ByteTree has developed a Mining Rolling Stock Indicator (MRI) to assess the confidence of miners in market growth.
#3C_digest
Capitalization: $140 billion
Trade volume (24h): $242 billion
BTC Dominance: 64.4%
BTC: $5,116 (-32,9%)
Bitcoin has lost 50% of its value in the last 24 hours falling to $3,780 on Binance, thus updating the 12-month minimum. At the moment of the fall, Bitcoin broke through the trend line formed since 2015. Now the price has returned to the area of $5,000, but possibly further strong movement.
🔹The World Health Organization (WHO) has declared coronavirus pandemic in the world.
🔹CME Group announced that after the end of the working day on March 13, the trading floor will be closed due to the coronavirus pandemic. Traders were aware of this in advance as evidenced by the minimum Bitcoin futures trading volume.
🔹The Bank of England has made an emergency reduction of the base interest rate in terms of the risks associated with the coronavirus. The rate was lowered by 50 (0.25%) basis points.
🔹According to new OXT research, the PlusToken pyramid laundered $1.3 billion in cryptographic currency through OKEx, Huobi and other trading platforms. At the moment, scammers have 37725 BTC. And 33872 coins had already been passed through the "mixers".
🔹Analytical startup ByteTree has developed a Mining Rolling Stock Indicator (MRI) to assess the confidence of miners in market growth.
#3C_digest
Decentralized Finance (DeFi) as an alternative to the banking system.
DeFi is a set of new financial instruments based on decentralized systems and networks. DeFi-applications quickly increased funds on contracts, user base and can become the main trend of 2020.
In this article we are going to consider what decentralized finance is and what caused such a hype around this phenomenon.
Read article
DeFi is a set of new financial instruments based on decentralized systems and networks. DeFi-applications quickly increased funds on contracts, user base and can become the main trend of 2020.
In this article we are going to consider what decentralized finance is and what caused such a hype around this phenomenon.
Read article
Market Situation Overview
Last week crypto market faced one of the worst decline for all the history of crypto-industry. Bitcoin became an object of the biggest sale loosing $70 billion and falling lower than $4000. Market capitalization decreased by $100 billion.
The positive aspect is that sales pressure comes not from the crypto-ecosystem, but from traditional financial economics and external factors. Unlike stock exchange companies, Bitcoin is falling because of panic reactions, not because of some fundamental factors affecting its value.
In this article we will analyze the main reasons of market decline over the past week.
Read article
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Last week crypto market faced one of the worst decline for all the history of crypto-industry. Bitcoin became an object of the biggest sale loosing $70 billion and falling lower than $4000. Market capitalization decreased by $100 billion.
The positive aspect is that sales pressure comes not from the crypto-ecosystem, but from traditional financial economics and external factors. Unlike stock exchange companies, Bitcoin is falling because of panic reactions, not because of some fundamental factors affecting its value.
In this article we will analyze the main reasons of market decline over the past week.
Read article
#BLOG
The Most Interesting News in Our Digest
Capitalization: $149 billion
Trade volume (24h): $113 billion
BTC Dominance: 63.5%
BTC: $5,194 (-0,07%)
After the Fed's decision, Bitcoin reacted with a rapid 15% growth. However, the growth did not last long. Just an hour later, when Wall Street futures opened in red, Bitcoin returned to the $5300 range.
Bitcoin continues to trade in a wide range (4500-6000) and has high daily volatility, which is the reason for many liquidations on exchanges.
🔹Fed has lowered the base rate again, this time almost to zero. The decision to reduce the rate to 0 - 0.25% was made in response to the negative impact of the coronavirus pandemic on the global economy.
🔹The Bitcoin correlation with the S&P 500 index reached its highest level ever. This was stated by Arcane Research analysts. Just in that one day the correlation progressed from an insignificant level of 0.1 to more than 0.5. Despite the fact that the drop of the correlation will drop sharply again, there is no doubt that investors are no longer considering the cryptocurrency as a "safe haven" due to problems in the global economy.
🔹 The Bitcoin price is still within the Stock-to-Flow model values. It was stated by the creator of the PlanB-model on his Twitter noting that the extremely high volatility within the predicted interval is caused by vulnerable investors.
🔹 Bakkt CEO Adam White has announced new payment integration with Starbucks. Some users of Starbucks app have the opportunity to pay for their purchases with "Bakkt Cash" along with other options.
🔹BitMEX was attacked by DDoS during the market decline. Trading on the BitMEX Cryptocurrency Derivatives Exchange was interrupted on March 13 during the market decline. In the result, a total sum of 40 BTCs ($200,000) was paid to the victims of the attack.
BitMEX CEO Arthur Heiss reported in company's blog that DDoS attacks were organized on March 13. The orders setup on the stock exchange has slowed down significantly and worked incorrectly due to the attacks resulting the losses on 156 exchange accounts.
#3C_digest
Capitalization: $149 billion
Trade volume (24h): $113 billion
BTC Dominance: 63.5%
BTC: $5,194 (-0,07%)
After the Fed's decision, Bitcoin reacted with a rapid 15% growth. However, the growth did not last long. Just an hour later, when Wall Street futures opened in red, Bitcoin returned to the $5300 range.
Bitcoin continues to trade in a wide range (4500-6000) and has high daily volatility, which is the reason for many liquidations on exchanges.
🔹Fed has lowered the base rate again, this time almost to zero. The decision to reduce the rate to 0 - 0.25% was made in response to the negative impact of the coronavirus pandemic on the global economy.
🔹The Bitcoin correlation with the S&P 500 index reached its highest level ever. This was stated by Arcane Research analysts. Just in that one day the correlation progressed from an insignificant level of 0.1 to more than 0.5. Despite the fact that the drop of the correlation will drop sharply again, there is no doubt that investors are no longer considering the cryptocurrency as a "safe haven" due to problems in the global economy.
🔹 The Bitcoin price is still within the Stock-to-Flow model values. It was stated by the creator of the PlanB-model on his Twitter noting that the extremely high volatility within the predicted interval is caused by vulnerable investors.
🔹 Bakkt CEO Adam White has announced new payment integration with Starbucks. Some users of Starbucks app have the opportunity to pay for their purchases with "Bakkt Cash" along with other options.
🔹BitMEX was attacked by DDoS during the market decline. Trading on the BitMEX Cryptocurrency Derivatives Exchange was interrupted on March 13 during the market decline. In the result, a total sum of 40 BTCs ($200,000) was paid to the victims of the attack.
BitMEX CEO Arthur Heiss reported in company's blog that DDoS attacks were organized on March 13. The orders setup on the stock exchange has slowed down significantly and worked incorrectly due to the attacks resulting the losses on 156 exchange accounts.
#3C_digest
Introducing Cross Leverage — a New Feature in the Futures Smart Trade Terminal
🔹 We have added a new feature for Bybit and Bitmex futures trading. Set the amount you want to use for the trade, and the leverage will be calculated automatically.
Example:
- You have $100, but you want to trade using $245
- Choose "Cross" as Leverage type
- In the Units field, enter the amount you wish to trade with, in this case, $245
- Upon creation and execution of the trade, you will have an open position of $245 with a leverage of x2.45
Available for Bybit and Bitmex exchanges on the Pro subnoscription plan.
🔹Market movement prediction:
Vote for BTC, ETH, and other popular coins. Press like button if it's time to Buy, Sell or Hold.
Check real-time cryptocurrency rankings.
🔹 We have added a new feature for Bybit and Bitmex futures trading. Set the amount you want to use for the trade, and the leverage will be calculated automatically.
Example:
- You have $100, but you want to trade using $245
- Choose "Cross" as Leverage type
- In the Units field, enter the amount you wish to trade with, in this case, $245
- Upon creation and execution of the trade, you will have an open position of $245 with a leverage of x2.45
Available for Bybit and Bitmex exchanges on the Pro subnoscription plan.
🔹Market movement prediction:
Vote for BTC, ETH, and other popular coins. Press like button if it's time to Buy, Sell or Hold.
Check real-time cryptocurrency rankings.
Notice of Removal of Trading Pairs on Binance
AMB/BNB, DUSK/USDC, NULS/BNB, QSP/BNB, RCN/BNB - 2020/03/20
https://binance.zendesk.com/hc/en-us/articles/360040740472
AMB/BNB, DUSK/USDC, NULS/BNB, QSP/BNB, RCN/BNB - 2020/03/20
https://binance.zendesk.com/hc/en-us/articles/360040740472
Bitcoin’s Deflationary Model and its Impact on the Price
"Moderate inflation is good for the economy while deflation leads to stagnation" — this statement is so widespread that most people do not even bother to evaluate its fairness. But Bitcoin’s supply is limited, therefore, its economy is deflationary.
This article will work through the differences between deflation and inflation as well as if Bitcoin’s deflation will lead to it’s long-term price increase.
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"Moderate inflation is good for the economy while deflation leads to stagnation" — this statement is so widespread that most people do not even bother to evaluate its fairness. But Bitcoin’s supply is limited, therefore, its economy is deflationary.
This article will work through the differences between deflation and inflation as well as if Bitcoin’s deflation will lead to it’s long-term price increase.
Read article
#BLOG
MarketCap: $178,170,034,801
24h Mcap Change: 20.73%
Bitcoin Dominance: 64.1%
Active Cryptos: 2,354
24h Volume Change:34.12%
24h Volume:$117,373,962,717Here’s our digest with the latest news:
Capitalization: $175 billion
Trade volume (24h): $170 billion
BTC Dominance: 64.6%
BTC: 6,199$ (+16,54%)
Bitcoin is once again in an upward trend and has climbed above the 50-day moving average. Despite last week's huge losses, the asset is starting to recover above $5700. At current value, Bitcoin witnessed a 40% rise from its March 13 low. If the upward trend continues, the key resistance level is in the $5900-$6000 range and the support level is in the $4600-$4800 range.
🔹Tether starts its printing press once again. During the last three months USDT supply has grown by 13.5%. Over the last week alone, the company printed USDT 180M worth $180M. Prior printing often led to market growth and tended to be a good signal for the BTC ecosystem.
🔹BitMEX published a study on the impact of Coronavirus on the economy and financial markets. Analysts believe that the epidemic will cause major changes in the economic regime, which will lead to inflation. They also noted that Bitcoin may show positive performance during such a difficult financial situation for the markets.
🔹The number of "Buy Bitcoin" requests in Google Trends spiked to YOY record highs during the market crash.
#3C_digest
Capitalization: $175 billion
Trade volume (24h): $170 billion
BTC Dominance: 64.6%
BTC: 6,199$ (+16,54%)
Bitcoin is once again in an upward trend and has climbed above the 50-day moving average. Despite last week's huge losses, the asset is starting to recover above $5700. At current value, Bitcoin witnessed a 40% rise from its March 13 low. If the upward trend continues, the key resistance level is in the $5900-$6000 range and the support level is in the $4600-$4800 range.
🔹Tether starts its printing press once again. During the last three months USDT supply has grown by 13.5%. Over the last week alone, the company printed USDT 180M worth $180M. Prior printing often led to market growth and tended to be a good signal for the BTC ecosystem.
🔹BitMEX published a study on the impact of Coronavirus on the economy and financial markets. Analysts believe that the epidemic will cause major changes in the economic regime, which will lead to inflation. They also noted that Bitcoin may show positive performance during such a difficult financial situation for the markets.
🔹The number of "Buy Bitcoin" requests in Google Trends spiked to YOY record highs during the market crash.
#3C_digest
Accelerating a Transaction In a Clogged Network
Many users have been in a situation where it was necessary to speed up the transaction. On March 19, for example, the Ethereum network was so clogged that the number of "stuck" transactions reached 75 thousand, and many users’ transactions awaited confirmations for over a day.
In this article we'll consider ways to speed up and cancel transactions on both Bitcoin and Ethereum blockchains, as well as analyze the sources, providing the relevant transaction fees information in order to increase the confirmation speed.
Read article
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Many users have been in a situation where it was necessary to speed up the transaction. On March 19, for example, the Ethereum network was so clogged that the number of "stuck" transactions reached 75 thousand, and many users’ transactions awaited confirmations for over a day.
In this article we'll consider ways to speed up and cancel transactions on both Bitcoin and Ethereum blockchains, as well as analyze the sources, providing the relevant transaction fees information in order to increase the confirmation speed.
Read article
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