Can Burning Coins Increase the Price?
The practice of Coin Burning is common in the crypto industry and is quite simple to implement. Many projects use coin burning to preserve their assets supply and demand ratio. Reducing the total volume of coins, theoretically, leads to their value increase, provided that current demand indicators are maintained.
In this article, we will elaborate on what coin burning is, which projects use this practice and whether you can profit from it.
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The practice of Coin Burning is common in the crypto industry and is quite simple to implement. Many projects use coin burning to preserve their assets supply and demand ratio. Reducing the total volume of coins, theoretically, leads to their value increase, provided that current demand indicators are maintained.
In this article, we will elaborate on what coin burning is, which projects use this practice and whether you can profit from it.
Read article
#BLOG
Medium
Can Burning Coins Increase the Price
The practice of Coin Burning is common in the crypto industry and is quite simple to implement. Many projects use coin burning to preserve…
Here’s our digest with the hottest news:
Capitalization: $208 billion
Trading Volume (24h): $156 billion
BTC Dominance: 64.1%
BTC: $7,300 (-0.22%)
Bitcoin confidently took hold above the psychological mark of $7,000 and surpassed the yearly opening level of $7,200, thereby forming an engulfing pattern, acting as a support.
On the 4-hour timeframe, Bitcoin continues trading inside the rising wedge and is near the resistance level of $7,450. Holding this level may indicate the continuation of the bullish scenario in the range of $7,650-$7,800.
If the price drops to the lower level of the rising wedge at $7,000, we can expect a short-term decline to a critical support level at $6,200.
🔹 Willy Woo, the creator of the Hash Ribbon indicator, tweeted that certain technical signals and indicators suggest that bitcoin has reached its minimum value and is now in the recovery phase. This means that as the selling pressure reduces, the threat of further miner capitulation decreases as well.
🔹 Class actions have been filed against Binance, Block.One, BitMEX, TRON, and other crypto companies in the US. They are accused of defrauding investors by illegally selling securities in the form of digital tokens.
🔹 South Korea's central bank begins a pilot program for testing a digital currency. According to the regulator, the program was launched in March and will run until December 2021. During this time, the bank expects to determine the technical and legal provisions required to create and issue a digital won.
🔹After the recent $400M acquisition of the largest crypto aggregator CoinMarketCap by Binance, it will be difficult for CMC to remain an unbiased and neutral resource, CoinGecko COO Bobby Ong stated. He has also hinted that now users will need an alternative to CMC.
#3C_digest
Capitalization: $208 billion
Trading Volume (24h): $156 billion
BTC Dominance: 64.1%
BTC: $7,300 (-0.22%)
Bitcoin confidently took hold above the psychological mark of $7,000 and surpassed the yearly opening level of $7,200, thereby forming an engulfing pattern, acting as a support.
On the 4-hour timeframe, Bitcoin continues trading inside the rising wedge and is near the resistance level of $7,450. Holding this level may indicate the continuation of the bullish scenario in the range of $7,650-$7,800.
If the price drops to the lower level of the rising wedge at $7,000, we can expect a short-term decline to a critical support level at $6,200.
🔹 Willy Woo, the creator of the Hash Ribbon indicator, tweeted that certain technical signals and indicators suggest that bitcoin has reached its minimum value and is now in the recovery phase. This means that as the selling pressure reduces, the threat of further miner capitulation decreases as well.
🔹 Class actions have been filed against Binance, Block.One, BitMEX, TRON, and other crypto companies in the US. They are accused of defrauding investors by illegally selling securities in the form of digital tokens.
🔹 South Korea's central bank begins a pilot program for testing a digital currency. According to the regulator, the program was launched in March and will run until December 2021. During this time, the bank expects to determine the technical and legal provisions required to create and issue a digital won.
🔹After the recent $400M acquisition of the largest crypto aggregator CoinMarketCap by Binance, it will be difficult for CMC to remain an unbiased and neutral resource, CoinGecko COO Bobby Ong stated. He has also hinted that now users will need an alternative to CMC.
#3C_digest
3Commas Trading Academy Launches today!
We are pleased to announce the launch of the Brand New 3Commas Trading Academy in partnership with the Better Traders.
Whether you are a beginner or an advanced trader, the 3Commas Academy teaches you the skills to master the 3Commas trading platform and improve your trading performance.
Save up to 50% on your 3Commas subnoscription when you purchase a course through the Brand New 3Commas Trading Academy.
Read more
We are pleased to announce the launch of the Brand New 3Commas Trading Academy in partnership with the Better Traders.
Whether you are a beginner or an advanced trader, the 3Commas Academy teaches you the skills to master the 3Commas trading platform and improve your trading performance.
Save up to 50% on your 3Commas subnoscription when you purchase a course through the Brand New 3Commas Trading Academy.
Read more
Here’s our digest with the hottest news:
Capitalization: $199 billion
Trading Volume (24h): $133 billion
BTC Dominance: 64.1%
BTC: $6,978 (-4.33%)
Bitcoin continues to trade inside the rising wedge. Attempts to gain a foothold above the level of $7450-7500 have so far been unsuccessful, weak trading volumes being one of the reasons. In case of consolidation above the $7450 level, there is good reason to believe that Bitcoin will test the $7700 resistance level in the short term.
🔹FED (US Federal Reserve) adopted an additional package of measures to support the economy, allocating $2.3T. $600B of this amount will be used to ensure credit flows to small and mid-sized businesses.
🔹Popular analyst PlanB tweeted that, contrary to popular opinion in the crypto community, the launch of regulated futures in December 2017 did not affect the price of bitcoin. The analyst added that the price of BTC remained in the range of the Stock to Flow (S2F) model, and BTC fluctuations would have happened without the launch of bitcoin futures.
🔹CEO of Galaxy Digital Mike Novogratz told CNBC Squawk that while governments around the world are printing money to fight the financial crisis, he continues to buy bitcoins.
🔹 Co-founder and former Ripple technical director Jed McCaleb received another 64 million XRPs worth $12.3 million at his disposal. The funds were transferred from McCaleb's account to his personal wallet. The Whale Alert were the ones to witness the fact.
🔹Bitcoin Cash (BCH) network halving took place on the 8th of April at block # 630000. The miner block reward decreased from 12.5 BCH to 6.25 BCH. As a result, the hash power of Bitcoin Cash decreased by 9.2%. Most likely, miners redirected some of their capacity to the Bitcoin SV network, which increased by 30%.
🔹Binance will start the Futures Trading Competition Friday 10th April. Traders should see improved liquidity, and no doubt some volatility, on their Futures exchange platform.
#3C_digest
Capitalization: $199 billion
Trading Volume (24h): $133 billion
BTC Dominance: 64.1%
BTC: $6,978 (-4.33%)
Bitcoin continues to trade inside the rising wedge. Attempts to gain a foothold above the level of $7450-7500 have so far been unsuccessful, weak trading volumes being one of the reasons. In case of consolidation above the $7450 level, there is good reason to believe that Bitcoin will test the $7700 resistance level in the short term.
🔹FED (US Federal Reserve) adopted an additional package of measures to support the economy, allocating $2.3T. $600B of this amount will be used to ensure credit flows to small and mid-sized businesses.
🔹Popular analyst PlanB tweeted that, contrary to popular opinion in the crypto community, the launch of regulated futures in December 2017 did not affect the price of bitcoin. The analyst added that the price of BTC remained in the range of the Stock to Flow (S2F) model, and BTC fluctuations would have happened without the launch of bitcoin futures.
🔹CEO of Galaxy Digital Mike Novogratz told CNBC Squawk that while governments around the world are printing money to fight the financial crisis, he continues to buy bitcoins.
🔹 Co-founder and former Ripple technical director Jed McCaleb received another 64 million XRPs worth $12.3 million at his disposal. The funds were transferred from McCaleb's account to his personal wallet. The Whale Alert were the ones to witness the fact.
🔹Bitcoin Cash (BCH) network halving took place on the 8th of April at block # 630000. The miner block reward decreased from 12.5 BCH to 6.25 BCH. As a result, the hash power of Bitcoin Cash decreased by 9.2%. Most likely, miners redirected some of their capacity to the Bitcoin SV network, which increased by 30%.
🔹Binance will start the Futures Trading Competition Friday 10th April. Traders should see improved liquidity, and no doubt some volatility, on their Futures exchange platform.
#3C_digest
Binance Futures tournament has begun today. The prize fund over $1,000,000
Two teams of traders represent 3Commas:
3Commas Team
3C.exchange team
Click the corresponding link to join a team.
We’ve granted free access to the signals for the team members:
Signals for 3Commas Users
Signals for 3C.exchange users
Good luck!
Two teams of traders represent 3Commas:
3Commas Team
3C.exchange team
Click the corresponding link to join a team.
We’ve granted free access to the signals for the team members:
Signals for 3Commas Users
Signals for 3C.exchange users
Good luck!
Leave a Review and Get 1 Month PRO Subnoscription
Hello guys, we have an idea to add some video reviews about 3Commas to our main page - 3Commas.io, thus new users would see what people say about 3Commas. We will be happy to reward the 5 best reviews with 1 month PRO subnoscription.
What you need to do
Record a short 30 sec - 45 sec. video review about 3Commas. It can even be recorded with your frontal smartphone camera. You can follow the plan below:
"Hi, my name is CZ (for example), I’ve been using 3Commas for X years",
and then please say how 3Commas tools help you in your trading life. You can tell both about a specific feature (Bots, Smart Trade) or the service as a whole.
The giveaway runs from April 13 to April 27.
We will be very happy to see 3Commas reviews from our dearest customers. Please send your review on promo@3commas.io
Stay skilled with 3Commas!
Hello guys, we have an idea to add some video reviews about 3Commas to our main page - 3Commas.io, thus new users would see what people say about 3Commas. We will be happy to reward the 5 best reviews with 1 month PRO subnoscription.
What you need to do
Record a short 30 sec - 45 sec. video review about 3Commas. It can even be recorded with your frontal smartphone camera. You can follow the plan below:
"Hi, my name is CZ (for example), I’ve been using 3Commas for X years",
and then please say how 3Commas tools help you in your trading life. You can tell both about a specific feature (Bots, Smart Trade) or the service as a whole.
The giveaway runs from April 13 to April 27.
We will be very happy to see 3Commas reviews from our dearest customers. Please send your review on promo@3commas.io
Stay skilled with 3Commas!
How To Fork Your Deposit
Forks play an important role in the development of cryptocurrencies, yet many people don’t understand these events and often disregard them.
In this article, we will dive into what is meant by “hard fork” and “soft fork”, the difference between these two concepts, the reasons behind these events, and how to benefit from them.
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Forks play an important role in the development of cryptocurrencies, yet many people don’t understand these events and often disregard them.
In this article, we will dive into what is meant by “hard fork” and “soft fork”, the difference between these two concepts, the reasons behind these events, and how to benefit from them.
Read article
#BLOG
Here’s our digest with the hottest news:
Capitalization: $196 billion
Trading Volume (24h): $118 billion
BTC Dominance: 64.1%
BTC: $ 6,908 (+0.55%)
Over the past few days, the price of Bitcoin has broken out of the rising wedge and dropped to a local low of $6,550. Despite many attempts to gain a foothold above the critical resistance level of $7,000, buyers were unable to hold the position.
The breakout of the wedge indicates the continuation of the downward movement, which will allow Bitcoin to visit the 200-week moving average range of $5,700. If the bulls fail to hold this key level, the price may drop to the next support level at $5,350.
🔹 Bitfinex exchange carried out a 161,500 BTC transaction for only $0.68. The transfer of $1.1B has become one of the largest in the history of bitcoin in dollar terms.
🔹 Popular PlanB analyst tweeted that the Relative Strength Index (RSI) indicator has never been so weak right before the halving.
Now the RSI is at its lowest level in Bitcoin history, and bitcoin is extremely oversold.
🔹 China has established a committee, consisting of 15 organizations in an attempt to develop national standards for blockchain and distributed ledger technology (DLT). The creation of the committee indicates a serious desire to become a world leader in the use of blockchain in the coming months and years.
🔹 Gemini exchange co-founder Cameron Winklevoss believes that the current crisis will be an inflection point for Bitcoin. The coronavirus pandemic will contribute to its popularization and development.
🔹 BitMEX exchange continues losing customers since the Black Thursday events on March 12 when the exchange stopped trading for 25 minutes due to an alleged DDoS attack. BitMEX wallets continue bleeding and have declined by 40% over the past month from 306,000 BTC to 222,000 BTC, which indicates a loss of customer confidence in the platform.
BitMEX still has the most daily volume traded, with Bybit, FTX and Deribit (in that order) still a long way behind but gaining in popularity at a fast pace.
#3C_digest
Capitalization: $196 billion
Trading Volume (24h): $118 billion
BTC Dominance: 64.1%
BTC: $ 6,908 (+0.55%)
Over the past few days, the price of Bitcoin has broken out of the rising wedge and dropped to a local low of $6,550. Despite many attempts to gain a foothold above the critical resistance level of $7,000, buyers were unable to hold the position.
The breakout of the wedge indicates the continuation of the downward movement, which will allow Bitcoin to visit the 200-week moving average range of $5,700. If the bulls fail to hold this key level, the price may drop to the next support level at $5,350.
🔹 Bitfinex exchange carried out a 161,500 BTC transaction for only $0.68. The transfer of $1.1B has become one of the largest in the history of bitcoin in dollar terms.
🔹 Popular PlanB analyst tweeted that the Relative Strength Index (RSI) indicator has never been so weak right before the halving.
Now the RSI is at its lowest level in Bitcoin history, and bitcoin is extremely oversold.
🔹 China has established a committee, consisting of 15 organizations in an attempt to develop national standards for blockchain and distributed ledger technology (DLT). The creation of the committee indicates a serious desire to become a world leader in the use of blockchain in the coming months and years.
🔹 Gemini exchange co-founder Cameron Winklevoss believes that the current crisis will be an inflection point for Bitcoin. The coronavirus pandemic will contribute to its popularization and development.
🔹 BitMEX exchange continues losing customers since the Black Thursday events on March 12 when the exchange stopped trading for 25 minutes due to an alleged DDoS attack. BitMEX wallets continue bleeding and have declined by 40% over the past month from 306,000 BTC to 222,000 BTC, which indicates a loss of customer confidence in the platform.
BitMEX still has the most daily volume traded, with Bybit, FTX and Deribit (in that order) still a long way behind but gaining in popularity at a fast pace.
#3C_digest
Major Cryptocurrency Exchange Hacks
According to TheBlock research, 42 cryptocurrency exchanges have been compromised since 2012. The total amount of stolen funds exceeded $1.35 billion. Obviously, exchanges are not the only ones suffering from the losses — users end up being the victims of the hacks as well.
In this article, we will analyze the most significant exchange hacks. We will find out how users reduced their losses in the past and follow their example to minimize our losses.
Read article
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According to TheBlock research, 42 cryptocurrency exchanges have been compromised since 2012. The total amount of stolen funds exceeded $1.35 billion. Obviously, exchanges are not the only ones suffering from the losses — users end up being the victims of the hacks as well.
In this article, we will analyze the most significant exchange hacks. We will find out how users reduced their losses in the past and follow their example to minimize our losses.
Read article
#BLOG
Here’s our digest with the hottest news:
Capitalization: $203 billion
Trading Volume (24h): $163 billion
BTC Dominance: 63.9%
BTC: $7,089 (+6.49%)
On April 16, the Bitcoin exchange rate again crossed the $7100 mark after falling below the $6500 level. Such an unexpected movement caused liquidations on futures exchange platforms totaling at $60 million, of which $25 million occurred in the first hour of the bitcoin movement.
The bullish movement of bitcoin was accompanied by the highest volume of purchases since the beginning of April. A break and consolidation above the $7200 level will trigger stronger purchases, which will lead to a re-test of recent highs in the $7500 range.
The forecast will turn bearish again if bitcoin falls below the support level of $6750.
🔹The Chicago Mercantile Exchange (CME) bitcoin futures product saw a surge in new account trading in Q1 of 2020, while trading volume and open interest on the platform decreased significantly, The Block reported. The exchange recorded 567 new accounts, which is twice as much as in Q4 2019. Despite the high volatility of the market in recent months, interest in cryptocurrencies from institutional investors continues to grow.
🔹According to Glassnode analysts, investors continue withdrawing assets from exchanges. BTC balances on exchanges have decreased by 10% since the beginning of the year. Such reduction indicates an increase in investors switching to long-term strategies in anticipation of asset growth.
🔹 China's digital Yuan public beta is to go live in May. Testing will start with state employees receiving digital Yuan as part of their salaries.
🔹 Search volume for “Bitcoin Halving” rose to historical values. Data from Google Trends as of April 15 shows that the peak of interest in halving this year is 16% higher than in 2016, the last time that halving occurred on the network.
#3C_digest
Capitalization: $203 billion
Trading Volume (24h): $163 billion
BTC Dominance: 63.9%
BTC: $7,089 (+6.49%)
On April 16, the Bitcoin exchange rate again crossed the $7100 mark after falling below the $6500 level. Such an unexpected movement caused liquidations on futures exchange platforms totaling at $60 million, of which $25 million occurred in the first hour of the bitcoin movement.
The bullish movement of bitcoin was accompanied by the highest volume of purchases since the beginning of April. A break and consolidation above the $7200 level will trigger stronger purchases, which will lead to a re-test of recent highs in the $7500 range.
The forecast will turn bearish again if bitcoin falls below the support level of $6750.
🔹The Chicago Mercantile Exchange (CME) bitcoin futures product saw a surge in new account trading in Q1 of 2020, while trading volume and open interest on the platform decreased significantly, The Block reported. The exchange recorded 567 new accounts, which is twice as much as in Q4 2019. Despite the high volatility of the market in recent months, interest in cryptocurrencies from institutional investors continues to grow.
🔹According to Glassnode analysts, investors continue withdrawing assets from exchanges. BTC balances on exchanges have decreased by 10% since the beginning of the year. Such reduction indicates an increase in investors switching to long-term strategies in anticipation of asset growth.
🔹 China's digital Yuan public beta is to go live in May. Testing will start with state employees receiving digital Yuan as part of their salaries.
🔹 Search volume for “Bitcoin Halving” rose to historical values. Data from Google Trends as of April 15 shows that the peak of interest in halving this year is 16% higher than in 2016, the last time that halving occurred on the network.
#3C_digest
We are pleased to inform you about our referral program update!
1. 1. We’ve added more choices of banner sizes and freshened the look up.
2. You can now interact with your website visitors by embedding a brand new 3commas voting widget.
See updated materials here.
We are also ready to offer exclusive terms of cooperation for large-scale partners; you are welcome to leave a request here.
We’d like to remind you that 3Commas has a multi-level referral program. You get a % of all the cryptocurrency deposits your referrals make on the subnoscription payment page — no minimum amounts, no limits.
- First level referral - 25%
- Second level referral - 15%
- Third level referral - 10%
1. 1. We’ve added more choices of banner sizes and freshened the look up.
2. You can now interact with your website visitors by embedding a brand new 3commas voting widget.
See updated materials here.
We are also ready to offer exclusive terms of cooperation for large-scale partners; you are welcome to leave a request here.
We’d like to remind you that 3Commas has a multi-level referral program. You get a % of all the cryptocurrency deposits your referrals make on the subnoscription payment page — no minimum amounts, no limits.
- First level referral - 25%
- Second level referral - 15%
- Third level referral - 10%
Options. Unlimited Profit, Limited Loss
Options are one of the most complex yet profitable financial instruments.
In this article, we will elaborate on the basic concepts related to options and take a closer look at the nuances of this tool, available on the largest cryptocurrency exchange Binance.
Read article
#BLOG
Options are one of the most complex yet profitable financial instruments.
In this article, we will elaborate on the basic concepts related to options and take a closer look at the nuances of this tool, available on the largest cryptocurrency exchange Binance.
Read article
#BLOG
Here’s our digest with the hottest news:
Capitalization: $199 billion
Trading Volume (24h): $114 billion
BTC Dominance: 63.5%
BTC: $6,930 (+0.22%)
Over the past few days, Bitcoin has not been able to hold on above the resistance level of $7200. Additionally, BTC broke through the bottom of the rising channel, formed after its fall to the lows of $3800. Breaking the uptrend opens up the possibility of Bitcoin to fall into the $6100- $5800 range. Buyer weakness is an indicator of a short-term bitcoin decline.
🔹 Analysts at CoinMetrics stated that the total capitalization of stablecoins exceeded $9 billion. This suggests that the new money continues to flow into the industry, and investors are ready to start accumulating cryptocurrencies in the future. Most likely, they are awaiting more reasonable prices for the purchase.
🔹 TRON blockchain set a new registration record. 65,226 new TRX accounts were created on April 19th This is the most significant daily increase in registrations in the entire history of the existence of the Tron blockchain.
🔹 The Fed published a report stating that bitcoin is not a safe haven asset. This statement is based on the high correlation of the asset with the S&P 500 index, reaching the “significant” level. This puts the first cryptocurrency on par with high-risk assets, such as stocks.
🔹 The developers of the EOS Ecosystem cryptocurrency wallet, who promised high returns for users’ EOS deposits, shut down their platform and disappeared with $52 million, The Block reported.
On April 20, investors reported being unable to access their accounts via EOS Ecosystem's app. According to Chinese blockchain media outlet ChainNews, most of the funds have also been removed from the service's account.
#3C_digest
Capitalization: $199 billion
Trading Volume (24h): $114 billion
BTC Dominance: 63.5%
BTC: $6,930 (+0.22%)
Over the past few days, Bitcoin has not been able to hold on above the resistance level of $7200. Additionally, BTC broke through the bottom of the rising channel, formed after its fall to the lows of $3800. Breaking the uptrend opens up the possibility of Bitcoin to fall into the $6100- $5800 range. Buyer weakness is an indicator of a short-term bitcoin decline.
🔹 Analysts at CoinMetrics stated that the total capitalization of stablecoins exceeded $9 billion. This suggests that the new money continues to flow into the industry, and investors are ready to start accumulating cryptocurrencies in the future. Most likely, they are awaiting more reasonable prices for the purchase.
🔹 TRON blockchain set a new registration record. 65,226 new TRX accounts were created on April 19th This is the most significant daily increase in registrations in the entire history of the existence of the Tron blockchain.
🔹 The Fed published a report stating that bitcoin is not a safe haven asset. This statement is based on the high correlation of the asset with the S&P 500 index, reaching the “significant” level. This puts the first cryptocurrency on par with high-risk assets, such as stocks.
🔹 The developers of the EOS Ecosystem cryptocurrency wallet, who promised high returns for users’ EOS deposits, shut down their platform and disappeared with $52 million, The Block reported.
On April 20, investors reported being unable to access their accounts via EOS Ecosystem's app. According to Chinese blockchain media outlet ChainNews, most of the funds have also been removed from the service's account.
#3C_digest
3Commas_audit_22.pdf
568.6 KB
We are pleased to announce that the 3Commas platform has passed a PCI security audit, performed by the best known company in this field, McAfee. Moreover, this was not a one-time audit, but will take place on a weekly basis.
McAfee is a division of an American company "Intel Security", a developer of antivirus software under the brand name McAfee, founded by the notorious John McAfee.
Below is a report that will help you make sure that using 3Commas platform is not only profitable but also safe.
McAfee is a division of an American company "Intel Security", a developer of antivirus software under the brand name McAfee, founded by the notorious John McAfee.
Below is a report that will help you make sure that using 3Commas platform is not only profitable but also safe.
Binance will delist a number of trading pairs due to low liquidity.
The list includes: AGI/BNB, ARDR/ETH, ATOM/TUSD, COCOS/BTC, DCR/BNB, DLT/ETH, DUSK/BNB, LSK/BNB, PIVX/BNB, POA/ETH, RCN/ETH, REQ/ETH, STORM/BNB, WABI/ETH and XZC/XRP.
The removal will take place tomorrow at 12:00 PM (UTC).
The list includes: AGI/BNB, ARDR/ETH, ATOM/TUSD, COCOS/BTC, DCR/BNB, DLT/ETH, DUSK/BNB, LSK/BNB, PIVX/BNB, POA/ETH, RCN/ETH, REQ/ETH, STORM/BNB, WABI/ETH and XZC/XRP.
The removal will take place tomorrow at 12:00 PM (UTC).
2020 Prospective Altcoin Review: Part 3
It's been over ten years since the first digital currency was introduced to the world. In such a short period of time, the space has grown to more than 3,500 cryptocurrencies. Many of them have long lost their potential, while others were able to surprise us and showcase their capabilities in the crypto industry.
In this article, we continue analyzing promising cryptocurrencies that are worth paying attention to at the dawn of this new decade.
Read article
#BLOG
It's been over ten years since the first digital currency was introduced to the world. In such a short period of time, the space has grown to more than 3,500 cryptocurrencies. Many of them have long lost their potential, while others were able to surprise us and showcase their capabilities in the crypto industry.
In this article, we continue analyzing promising cryptocurrencies that are worth paying attention to at the dawn of this new decade.
Read article
#BLOG
Binance will perform a scheduled system upgrade starting at 2020/04/25 02:00 AM (UTC). The upgrade will take approximately 4 hours.
During the upgrade period, Binance will suspend deposits, withdrawals, spot and margin trading, P2P trading, savings & redemption, as well as asset transfers from sub-accounts, margin accounts, futures accounts and fiat wallets.
Please note that Binance Futures & Options trading will continue unaffected during the upgrade period.
Users will have a 30 minute window after the upgrade is complete to cancel orders, process deposits, withdrawals, and use all other account related functions before trading resumes.
Major improvements in this upgrade include:
- New API endpoint allowing users to delete all open orders on a certain symbol
- Orders can now be cancelled through the API during a BREAK or HALT status.
During the upgrade period, Binance will suspend deposits, withdrawals, spot and margin trading, P2P trading, savings & redemption, as well as asset transfers from sub-accounts, margin accounts, futures accounts and fiat wallets.
Please note that Binance Futures & Options trading will continue unaffected during the upgrade period.
Users will have a 30 minute window after the upgrade is complete to cancel orders, process deposits, withdrawals, and use all other account related functions before trading resumes.
Major improvements in this upgrade include:
- New API endpoint allowing users to delete all open orders on a certain symbol
- Orders can now be cancelled through the API during a BREAK or HALT status.
📌 Release notes
🔹Email and Telegram Notifications are now supported for Futures Smart Trades.
🔹 Linking Binance Margin accounts can now be performed at the “My Exchanges” page and linking the API created on Binance.com
🔹 Creating Futures Smart Trades has been simplified:
- Available balance and funds used to create trades are now displayed with the selected leverage included;
- Position margin is now indicated, this shows the amount of funds required to open and maintain the margin on the position;
- Maximum Total (Position Size) now displays including leverage.
🔹Email and Telegram Notifications are now supported for Futures Smart Trades.
🔹 Linking Binance Margin accounts can now be performed at the “My Exchanges” page and linking the API created on Binance.com
🔹 Creating Futures Smart Trades has been simplified:
- Available balance and funds used to create trades are now displayed with the selected leverage included;
- Position margin is now indicated, this shows the amount of funds required to open and maintain the margin on the position;
- Maximum Total (Position Size) now displays including leverage.
Here’s our digest with the hottest news:
Capitalization: $216 billion
Trading Volume (24h): $151 billion
BTC Dominance: 63.9%
BTC: $7,548 (+6.33%)
🔹In a recent Bloomberg report, analysts cited several factors that could lead to the growth of bitcoin similar to the one in 2017. The main factors supporting growth are: decrease in volatility, increase in futures trading volume, and transition of bitcoin from a risky speculative asset to a digital version of gold.
🔹Market analysis resource Glassnode provided data on the balance growth of investor wallets. According to the data, the holders are adding over 75,000 BTC daily to their positions. This trend indicates that whales are still confident that now is the right time to buy bitcoin and that there is an opportunity for cryptocurrency growth.
🔹Testing on the Digital Yuan started last week, and now large corporations are connecting to take part in the real-world assessment of the currency. It is important to note that Western companies like Starbucks and McDonald’s, are included.
🔹One billion USDT has been printed over the past month, which is equivalent to $40 million per day.
🔹BitMEX exchange continues to lose market share, both in the number of open positions and in the bitcoin futures trading volume. The share of BitMEX in the futures market decreased from 35% in mid-March to 25% in mid-April. It fell from 25% to 20% in terms of trading volume over the same period. Meanwhile, Binance Futures is gaining momentum and becoming the leader in futures trading.
#3C_digest
Capitalization: $216 billion
Trading Volume (24h): $151 billion
BTC Dominance: 63.9%
BTC: $7,548 (+6.33%)
🔹In a recent Bloomberg report, analysts cited several factors that could lead to the growth of bitcoin similar to the one in 2017. The main factors supporting growth are: decrease in volatility, increase in futures trading volume, and transition of bitcoin from a risky speculative asset to a digital version of gold.
🔹Market analysis resource Glassnode provided data on the balance growth of investor wallets. According to the data, the holders are adding over 75,000 BTC daily to their positions. This trend indicates that whales are still confident that now is the right time to buy bitcoin and that there is an opportunity for cryptocurrency growth.
🔹Testing on the Digital Yuan started last week, and now large corporations are connecting to take part in the real-world assessment of the currency. It is important to note that Western companies like Starbucks and McDonald’s, are included.
🔹One billion USDT has been printed over the past month, which is equivalent to $40 million per day.
🔹BitMEX exchange continues to lose market share, both in the number of open positions and in the bitcoin futures trading volume. The share of BitMEX in the futures market decreased from 35% in mid-March to 25% in mid-April. It fell from 25% to 20% in terms of trading volume over the same period. Meanwhile, Binance Futures is gaining momentum and becoming the leader in futures trading.
#3C_digest
Binance Futures Tournament Results
Dear 3Commas and 3C.Exchange users who participated in the Binance Futures tournament, sadly the tournament has come to an end.
Two teams represented 3Commas throughout the tournament: “3C team” and “3Commas Team”; the total number of participants across both teams exceeded 1300 traders.
According to the results of the tournament, the “3C team” ranked 11th, just a step away from the top ten. We would like to thank the team for participating.
Yet another contest is about to kick off. We will announce the start of the registration process over the e-mail and in our social networks. Stay tuned.
Dear 3Commas and 3C.Exchange users who participated in the Binance Futures tournament, sadly the tournament has come to an end.
Two teams represented 3Commas throughout the tournament: “3C team” and “3Commas Team”; the total number of participants across both teams exceeded 1300 traders.
According to the results of the tournament, the “3C team” ranked 11th, just a step away from the top ten. We would like to thank the team for participating.
Yet another contest is about to kick off. We will announce the start of the registration process over the e-mail and in our social networks. Stay tuned.