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.
Read article
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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
#BLOG
Here’s our digest with the latest news:
Capitalization: $186 billion
Trade volume (24h): $142 billion
BTC Dominance: 65.7%
BTC: 6,685$ (+2.72%)
Over the past 24 hours, Bitcoin has continued showing strong growth, adding over 15% to its value and solidifying at $6700. Cryptocurrencies market is gradually beginning to recover after the bleeding and is entering the green phase, having increased by $12 billion over the past two days.
🔹USD starts to weaken amid new large-scale support measures from the Fed, aimed at providing dollar liquidity. Analysts believe that QE will have a positive impact on bitcoin’s price in the long term.
🔹Correlation between Bitcoin and S&P 500 reached a historic high last week — Arcane Research analysts stated, noting that this connection is most visible during the sharp decline in the value of the cryptographic currency.
🔹The U.S. suggested using a cryptocurrency to fight COVID-19. House Democrats stated that digital dollar issuance would help restore the economy and accelerate social payments to citizens.
🔹The largest mining company Bitmain announced the official sales launch of the next-gen Antminer S19. Sales are kicking off in China with international sales following soon.
🔹China’s Central Bank has posted a statement, noscriptd “Protection of Financial Consumption Rights and Interests”. The document provides information on the risks of investing in Bitcoin and other cryptocurrencies. The Central Bank named three main problems associated with cryptocurrencies: trading volumes manipulation, multiple technical failures and money laundering.
#3C_digest
Capitalization: $186 billion
Trade volume (24h): $142 billion
BTC Dominance: 65.7%
BTC: 6,685$ (+2.72%)
Over the past 24 hours, Bitcoin has continued showing strong growth, adding over 15% to its value and solidifying at $6700. Cryptocurrencies market is gradually beginning to recover after the bleeding and is entering the green phase, having increased by $12 billion over the past two days.
🔹USD starts to weaken amid new large-scale support measures from the Fed, aimed at providing dollar liquidity. Analysts believe that QE will have a positive impact on bitcoin’s price in the long term.
🔹Correlation between Bitcoin and S&P 500 reached a historic high last week — Arcane Research analysts stated, noting that this connection is most visible during the sharp decline in the value of the cryptographic currency.
🔹The U.S. suggested using a cryptocurrency to fight COVID-19. House Democrats stated that digital dollar issuance would help restore the economy and accelerate social payments to citizens.
🔹The largest mining company Bitmain announced the official sales launch of the next-gen Antminer S19. Sales are kicking off in China with international sales following soon.
🔹China’s Central Bank has posted a statement, noscriptd “Protection of Financial Consumption Rights and Interests”. The document provides information on the risks of investing in Bitcoin and other cryptocurrencies. The Central Bank named three main problems associated with cryptocurrencies: trading volumes manipulation, multiple technical failures and money laundering.
#3C_digest
📱Dear friends, we've updated 3Commas iOS app
What's new:
🔹New design of login and registration screen.
🔹Updates on the "Dashboard" screen. Now tap on the exchange account displays the number of coins, their price, amount in $, and price change in $.
🔹Some updates in the "Summary" section, here you can see information about all the coins on your exchanges.
🔹Now you can connect new exchanges on the "My Exchanges" section.
🔹New section where you can view and compare all available subnoscription plans.
🔹Bots and Smart Trade section — offers more information for easy viewing. Tap on a deal or trade for more details.
🔹Bot details sections — more accessible than ever, you can now see deal start conditions.
🔹To contact support, go to the “Settings” screen, select “Help Center” and start a dialogue in right corner at the bottom of screen.
✉️We are looking forward to your feedback, contact us via mobile@3Commas.io. If you like the 3Commas app, please rate us on the App Store.
🛒 Download 3Commas app from App Store ➡️ https://apps.apple.com/us/app/3commas-cryptocurrency-tool/id1370977008
A notification to update your active app will come in 7 days.
What's new:
🔹New design of login and registration screen.
🔹Updates on the "Dashboard" screen. Now tap on the exchange account displays the number of coins, their price, amount in $, and price change in $.
🔹Some updates in the "Summary" section, here you can see information about all the coins on your exchanges.
🔹Now you can connect new exchanges on the "My Exchanges" section.
🔹New section where you can view and compare all available subnoscription plans.
🔹Bots and Smart Trade section — offers more information for easy viewing. Tap on a deal or trade for more details.
🔹Bot details sections — more accessible than ever, you can now see deal start conditions.
🔹To contact support, go to the “Settings” screen, select “Help Center” and start a dialogue in right corner at the bottom of screen.
✉️We are looking forward to your feedback, contact us via mobile@3Commas.io. If you like the 3Commas app, please rate us on the App Store.
🛒 Download 3Commas app from App Store ➡️ https://apps.apple.com/us/app/3commas-cryptocurrency-tool/id1370977008
A notification to update your active app will come in 7 days.
Forwarded from Dericlientbot
TIME CONFIRMATION
🛠 SCHEDULED MAINTENANCE - THURSDAY 26 MARCH 2 PM UTC (pending market volatility)
Expected downtime 5 - 15 minutes.
Type: Various functionality improvements, new security measures and bug fixes. See change list here: https://www.deribit.com/pages/information/Releases
Client impact: No protocol impact, however the system will be down for around 5-15 minutes. Client systems will not be able to communicate with Deribit during this time.
‼️ALL USERS LOGGED IN VIA FRONTEND ARE REQUIRED TO LOGIN AGAIN AFTER RELEASE.
🛠 SCHEDULED MAINTENANCE - THURSDAY 26 MARCH 2 PM UTC (pending market volatility)
Expected downtime 5 - 15 minutes.
Type: Various functionality improvements, new security measures and bug fixes. See change list here: https://www.deribit.com/pages/information/Releases
Client impact: No protocol impact, however the system will be down for around 5-15 minutes. Client systems will not be able to communicate with Deribit during this time.
‼️ALL USERS LOGGED IN VIA FRONTEND ARE REQUIRED TO LOGIN AGAIN AFTER RELEASE.
Margin Trading: “Big money comes with significant risks”
Volatility demonstrated by the cryptocurrencies market allows traders to profit during both bear and bull markets through margin trading.
This article elaborates on margin trading, as well as the main advantages and disadvantages of working with this tool.
Read article
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Volatility demonstrated by the cryptocurrencies market allows traders to profit during both bear and bull markets through margin trading.
This article elaborates on margin trading, as well as the main advantages and disadvantages of working with this tool.
Read article
#BLOG
Notice of Removal of 15 Trading Pairs on Binance
AE/BNB, APPC/BNB, BCPTBNB, CMT/BNB, DNT/ETH, DUSK/PAX, MTH/ETH, NXS/BNB, OMG/BNB, PHB/BNB, POE/ETH, RDN/BNB, SKY/BNB, WPR/ETH, XLM/PAX
https://binance.zendesk.com/hc/en-us/articles/360041076472-Notice-of-Removal-of-Trading-Pairs-2020-03-27
AE/BNB, APPC/BNB, BCPTBNB, CMT/BNB, DNT/ETH, DUSK/PAX, MTH/ETH, NXS/BNB, OMG/BNB, PHB/BNB, POE/ETH, RDN/BNB, SKY/BNB, WPR/ETH, XLM/PAX
https://binance.zendesk.com/hc/en-us/articles/360041076472-Notice-of-Removal-of-Trading-Pairs-2020-03-27
Check out our digest with the hottest news:
Capitalization: $193 billion
Trading Volume (24h): $124 billion
BTC Dominance: 65.6%
BTC: 6,692$ (+ 0.62%)
Bitcoin has faced strong resistance at $7,000. The BTC price may form a “double top” pattern if the rate repeatedly reaches the $7000 mark. The development of this pattern will lead to a BTC price decrease back to the support level of $6400.
🔹 The Southern District Court of New York (USA) has ruled Gram tokens to be securities, forbidding the transfer of tokens to 175 investors who acquired the corresponding rights during the ICO in early 2018. Telegram lawyers have filed an appeal in an attempt to change the court’s decision.
🔹Analytics division of the American cryptocurrency exchange Kraken believes that the price of bitcoin can reach $350,000 over the next 25 years due to the generational shift. An article states that the coming decades will see the most significant wealth transfer in history, as ‘Generation X’ and ‘Millennials’ in the U.S. alone inherit almost $70 trillion, which will inevitably affect the cryptocurrency rate.
🔹 The U.S. Department of Homeland Security has added blockchain technology to a list of critical infrastructures due to the Covid-19 emergency.
🔹 The Bitcoin network hash rate has dropped 15.95% to reach 75.702 EH/s — this is the second-largest decrease in the network’s history.
#3C_digest
Capitalization: $193 billion
Trading Volume (24h): $124 billion
BTC Dominance: 65.6%
BTC: 6,692$ (+ 0.62%)
Bitcoin has faced strong resistance at $7,000. The BTC price may form a “double top” pattern if the rate repeatedly reaches the $7000 mark. The development of this pattern will lead to a BTC price decrease back to the support level of $6400.
🔹 The Southern District Court of New York (USA) has ruled Gram tokens to be securities, forbidding the transfer of tokens to 175 investors who acquired the corresponding rights during the ICO in early 2018. Telegram lawyers have filed an appeal in an attempt to change the court’s decision.
🔹Analytics division of the American cryptocurrency exchange Kraken believes that the price of bitcoin can reach $350,000 over the next 25 years due to the generational shift. An article states that the coming decades will see the most significant wealth transfer in history, as ‘Generation X’ and ‘Millennials’ in the U.S. alone inherit almost $70 trillion, which will inevitably affect the cryptocurrency rate.
🔹 The U.S. Department of Homeland Security has added blockchain technology to a list of critical infrastructures due to the Covid-19 emergency.
🔹 The Bitcoin network hash rate has dropped 15.95% to reach 75.702 EH/s — this is the second-largest decrease in the network’s history.
#3C_digest
🔥Futures Trading is Available through the Smart Trade Terminal
Trade futures on Binance Futures, Bitmex, and Bybit exchanges through the Smart Trade terminal.
Available subnoscription plans:
- Starter
- Advanced
- Pro
Benefits of Futures Trading
🔹 Exposure to short positions. Apart of long position profits, traders may also benefit from ''shorts” by trading cryptocurrencies while the price is falling.
🔹Leverage. Leverage allows traders to enter the positions, exceeding their account balance.
🔹Manage your risks. Hedging is the core value of futures. To insure yourself against risks, you can buy futures when required. After its expiration, you will sell your bitcoins at a specified initial price, receiving an estimated amount regardless of the exchange rate rise or fall.
We recommend you to study the guide on Futures Trading through the Smart Trade terminal.
Trade futures on Binance Futures, Bitmex, and Bybit exchanges through the Smart Trade terminal.
Available subnoscription plans:
- Starter
- Advanced
- Pro
Benefits of Futures Trading
🔹 Exposure to short positions. Apart of long position profits, traders may also benefit from ''shorts” by trading cryptocurrencies while the price is falling.
🔹Leverage. Leverage allows traders to enter the positions, exceeding their account balance.
🔹Manage your risks. Hedging is the core value of futures. To insure yourself against risks, you can buy futures when required. After its expiration, you will sell your bitcoins at a specified initial price, receiving an estimated amount regardless of the exchange rate rise or fall.
We recommend you to study the guide on Futures Trading through the Smart Trade terminal.
Binance will delist all existing FTX leveraged tokens
https://binance.zendesk.com/hc/en-us/articles/360041613471
The main reason for delisting trading pairs is a lack of understanding of how leveraged tokens work by many users. Hence, Binance has decided to delist all existing FTX leveraged tokens and corresponding trading pairs and will stop trading at 2020/03/31 10:00 AM (UTC).
The assets being delisted include BULL, BEAR, ETHBULL, ETHBEAR, EOSBULL, EOSBEAR, BNBBULL, BNBBEAR, XRPBULL, and XRPBEAR.
https://binance.zendesk.com/hc/en-us/articles/360041613471
The main reason for delisting trading pairs is a lack of understanding of how leveraged tokens work by many users. Hence, Binance has decided to delist all existing FTX leveraged tokens and corresponding trading pairs and will stop trading at 2020/03/31 10:00 AM (UTC).
The assets being delisted include BULL, BEAR, ETHBULL, ETHBEAR, EOSBULL, EOSBEAR, BNBBULL, BNBBEAR, XRPBULL, and XRPBEAR.
Ten recommendations on margin trading
In the previous article, we’ve looked into what margin trading is and what the advantages and disadvantages of this tool are.
In continuation of this topic, we’ve prepared ten basic recommendations for margin trading, which are vital to be absorbed before one starts trading.
Read article
#BLOG
In the previous article, we’ve looked into what margin trading is and what the advantages and disadvantages of this tool are.
In continuation of this topic, we’ve prepared ten basic recommendations for margin trading, which are vital to be absorbed before one starts trading.
Read article
#BLOG
Here’s our digest with the hottest news:
Capitalization: $178 billion
Trading Volume (24h): $105 billion
BTC Dominance: 64.8%
BTC: $ 6.326 (-1.62%)
Bitcoin's price is recovering after its fall to $5,800 last weekend, but the asset is still in a downtrend.
If bitcoin gains a foothold above the resistance level of $6500, a short-term trend change will be in sight. This will open an opportunity for the bulls to force their way above the key level of $7000.
🔹 Binance is in the final stages of talks to acquire CoinMarketCap. The Block stated that the transaction value may be as high as $400 million. When completed, that would make it one of the largest acquisitions in the crypto space. Other terms of the deal remain unknown.
🔹 SEC appealed to the court with a request to not limit the distribution ban of Gram tokens solely to US investors. The SEC added that the token distribution restriction applies to everyone and this statement does not require further explanation.
🔹 Microsoft patented a new mining system, named “Cryptocurrency System Using Body Activity Data”. This technology will allow users to earn a cryptocurrency during physical and mental activity — users may receive rewards for watching ads and playing sports.
🔹 Those, who lost funds due to the Mt. Gox collapse, will have to wait for compensation again. The submission deadline for the Mt. Gox rehabilitation plan has been pushed back to the first of June after a draft proposed last week was met with opposition from numerous creditors.
🔹 The co-founder of Ethereum Vitalik Buterin said that the launch of the multiclient testnet for Ethereum 2.0 is likely to happen in April.
#3C_digest
Capitalization: $178 billion
Trading Volume (24h): $105 billion
BTC Dominance: 64.8%
BTC: $ 6.326 (-1.62%)
Bitcoin's price is recovering after its fall to $5,800 last weekend, but the asset is still in a downtrend.
If bitcoin gains a foothold above the resistance level of $6500, a short-term trend change will be in sight. This will open an opportunity for the bulls to force their way above the key level of $7000.
🔹 Binance is in the final stages of talks to acquire CoinMarketCap. The Block stated that the transaction value may be as high as $400 million. When completed, that would make it one of the largest acquisitions in the crypto space. Other terms of the deal remain unknown.
🔹 SEC appealed to the court with a request to not limit the distribution ban of Gram tokens solely to US investors. The SEC added that the token distribution restriction applies to everyone and this statement does not require further explanation.
🔹 Microsoft patented a new mining system, named “Cryptocurrency System Using Body Activity Data”. This technology will allow users to earn a cryptocurrency during physical and mental activity — users may receive rewards for watching ads and playing sports.
🔹 Those, who lost funds due to the Mt. Gox collapse, will have to wait for compensation again. The submission deadline for the Mt. Gox rehabilitation plan has been pushed back to the first of June after a draft proposed last week was met with opposition from numerous creditors.
🔹 The co-founder of Ethereum Vitalik Buterin said that the launch of the multiclient testnet for Ethereum 2.0 is likely to happen in April.
#3C_digest
Attention for the Paper Trading users!
Tomorrow, on the 2nd of April, a scheduled system update for the Paper Trading accounts will take place. The process will take several minutes.
During the system update period, Paper Trading orders will not be created.
Tomorrow, on the 2nd of April, a scheduled system update for the Paper Trading accounts will take place. The process will take several minutes.
During the system update period, Paper Trading orders will not be created.
Dai: stablecoin without intermediaries
People are used to the fact that one must always trust the third party when dealing with money, from banks to issuers of this very currency. Initially, Satoshi tried to solve this problem by introducing Bitcoin, but most of the coins are traded on centralized exchanges, which are, in fact, the third party, we’ve mentioned.
The first decentralized exchanges started appearing in 2017, but this did not solve the centralized stablecoins problem. In early 2018, the MakerDAO platform and the decentralized stablecoin DAI appeared. In this article, we will elaborate on how this system works and how you can profit from replacing a third party with a smart contract.
Read article
#BLOG
People are used to the fact that one must always trust the third party when dealing with money, from banks to issuers of this very currency. Initially, Satoshi tried to solve this problem by introducing Bitcoin, but most of the coins are traded on centralized exchanges, which are, in fact, the third party, we’ve mentioned.
The first decentralized exchanges started appearing in 2017, but this did not solve the centralized stablecoins problem. In early 2018, the MakerDAO platform and the decentralized stablecoin DAI appeared. In this article, we will elaborate on how this system works and how you can profit from replacing a third party with a smart contract.
Read article
#BLOG
Here’s our digest with the hottest news:
Capitalization: $191 billion
Trading Volume (24h): $145 billion
BTC Dominance: 65.3%
BTC: $ 6,819 (+2.83%)
Dow Jones and other stock indexes demonstrated the worst Q1 in history with a record drop of 15-25%, while Bitcoin lost only 10%.
If the situation stabilizes globally, the II quarter may provide a positive trend for bitcoin growth before its halving.
Statistics show that the II quarter has been the most profitable for Bitcoin since 2013 (except for 2018, with a decline of 8%).
🔹TokenAnalyst expert reported that Exchanges now hold more than $1 billion worth of USDT and USDC. Such a large amount of funds kept on exchanges is a good long term sign for market recovery.
🔹Coinbase published a new analysis of the March 12-13 events, when bitcoin fell by over 50% in a single day. Analysts are convinced that traders used high leverage at various platforms, and forced closure of those led to a market collapse. As a result, traders lost over $5.8 billion.
🔹U.S. court rejected Telegram’s petition to lift a temporary ban on issuing Gram tokens to non-US investors. The regulator said that the decree applies to all investors, and not just U.S. citizens.
🔹Most Ethereum investors are now facing losses. According to a study by IntoTheBlock, tokens purchased at an average price of $132 are stored on 31.9 million (87.8%) Ethereum addresses.
#3C_digest
Capitalization: $191 billion
Trading Volume (24h): $145 billion
BTC Dominance: 65.3%
BTC: $ 6,819 (+2.83%)
Dow Jones and other stock indexes demonstrated the worst Q1 in history with a record drop of 15-25%, while Bitcoin lost only 10%.
If the situation stabilizes globally, the II quarter may provide a positive trend for bitcoin growth before its halving.
Statistics show that the II quarter has been the most profitable for Bitcoin since 2013 (except for 2018, with a decline of 8%).
🔹TokenAnalyst expert reported that Exchanges now hold more than $1 billion worth of USDT and USDC. Such a large amount of funds kept on exchanges is a good long term sign for market recovery.
🔹Coinbase published a new analysis of the March 12-13 events, when bitcoin fell by over 50% in a single day. Analysts are convinced that traders used high leverage at various platforms, and forced closure of those led to a market collapse. As a result, traders lost over $5.8 billion.
🔹U.S. court rejected Telegram’s petition to lift a temporary ban on issuing Gram tokens to non-US investors. The regulator said that the decree applies to all investors, and not just U.S. citizens.
🔹Most Ethereum investors are now facing losses. According to a study by IntoTheBlock, tokens purchased at an average price of $132 are stored on 31.9 million (87.8%) Ethereum addresses.
#3C_digest
Dear friends!
Our emails now have a new fresh design! Hope you’ll like it 😉
Our emails now have a new fresh design! Hope you’ll like it 😉
Would you like a million dollars?
Binance is holding a million dollars competition between the teams of traders. The team with the highest ROI gets the money. We are gathering a team of experienced traders to get the grand prize!
Join now, there is not much time left before the tournament begins, the draw starts on the 10th. of April.
Join the team
Binance is holding a million dollars competition between the teams of traders. The team with the highest ROI gets the money. We are gathering a team of experienced traders to get the grand prize!
Join now, there is not much time left before the tournament begins, the draw starts on the 10th. of April.
Join the team
Binance Exchange will list additional trading pairs
The list includes: WTC/USDT, DATA/BUSD, DATA/USDT, and XZC/USDT
Trading will be available on 2020/04/07 13:00 PM (UTC)
The list includes: WTC/USDT, DATA/BUSD, DATA/USDT, and XZC/USDT
Trading will be available on 2020/04/07 13:00 PM (UTC)