​​Atomic Swaps

The process of exchanging cryptocurrencies on exchanges and other specialized platforms can still be quite time-consuming and often involves high commissions. In addition, not all exchanges support the necessary coins or the necessary trading pairs. As a result, a trader who wants to exchange one cryptocurrency for another is faced with the need for additional conversions.

In this article we will elaborate on how the atomic swap technology solves these problems and eliminates the need for trusting a third-party.

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​​Capitalization: $260 billion
Trading Volume (24h): $181 billion
BTC Dominance: 67.4%
BTC: $9,508 (+1.42%)


🔹 Stablecoin market capitalization reached $10.4 billion - this is a record figure in the entire history of stablecoins.

🔹 According to Whale Alert, 9,000 Ethereum coins stolen from Upbit exchange in November have been moved. The stolen ETH was sent to an unknown wallet.

🔹 The German online bank Bitwala started accepting deposits in bitcoin. The news was shared on their official Twitter account. The annual interest rate on cryptocurrency deposits will be as high as 4%. In addition, deposits will not require funds to be frozen, as digital assets can be withdrawn at any time.

🔹 Experts from Fortune Business Insights analytic company believe that the blockchain market will reach $21 billion by 2025. According to the report, the main reason for the growth of blockchain technologies is that more and more enterprises around the world are increasingly investing in blockchain research and development.

#3C_digest

​​Cryptocurrency Market Manipulation

“Let me tell you something you already know. The cryptocurrency world ain’t all sunshine and rainbows. It’s a very mean and nasty place, and I don’t care how tough you are it will beat you to your knees and keep you there permanently if you let it.” — reference to Rocky Balboa.

In this article, we will have a look at different kinds of manipulations that take place in the cryptocurrency market.

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​​Meet the updated 3Commas iOS app

What's new:

- Switch between real and paper trading right in the app;
- Create new Gordon bots with just a few taps;
- Bug fixes.

Download the latest 3Commas app from the App Store today!

If you like the 3Commas app, be sure to rate us on the App Store.
You can reach out to us at mobile@3Commas.io - We look forward to your feedback!

Please note:
If you did not receive an update notification, you can force the update via the link above.

​​The digital future of government currencies

The Bank for International Settlements, also known as “The Central Bank of Central Banks”, published a study in January 2020, which states that the world Central Banks are conducting “extensive” work on launching digital currencies.

In this article, we will elaborate on the current situation in the development of the world government digital currencies.

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​​Here's our digest with the hottest news:

Capitalization: $267 billion
Trading Volume (24h): $119 billion
BTC Dominance: 67%
BTC: $9,749 (+1.75%)


🔹 A new record for trading Bitcoin options has been set on the CME Chicago Stock Exchange. The total trading volume over the past ten days has exceeded $140 million. Most likely, institutional investors have opened call options, expecting a further price increase.

🔹 Another Chinese pyramid scheme was busted. This time, the crypto scam Wotoken stole more than $1 billion in cryptocurrency from 715,000 users. One of the main Wotoken operators is supposedly associated with the PlusToken pyramid scheme.

🔹 The popularity of Bitcoin on Twitter continues to grow, matching the levels of the 2017 bullish trend. In addition, over the past 30 days, the number of tweets on Bitcoin has skyrocketed to its highest point in two and a half years.

🔹 A prominent writer and entrepreneur, Robert Kiyosaki, believes that Bitcoin will reach $75,000 in the next three years. Kiyosaki names the United States Federal Reserve's incompetent acts as one of the reasons, which can lead to the death of the US economy with possibly huge ramifications for global economy as a whole.

🔹 Ceteris Paribus analyst provided data on the growth of the number of ETH tokens on exchanges. The current indicator is at record highs, approximately 18 million coins are currently stored on exchanges. The analyst suggested that this trend may be bearish for the value of Ethereum.

#3C_digest

​​Leveraged Tokens

A lot of leveraged tokens have appeared over the past six months. Some traders liked the combination of the benefits of margin trading and the absence of the liquidation risks.

This article will focus on how these tokens work and what risks are associated with them.

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​​Here's our digest with the hottest news:

Capitalization: $251 billion
Trading Volume (24h): $128 billion
BTC Dominance: 66.4%
BTC: $9,080 (-4.43%)


🔹Investment company “Grayscale Investments” has announced a record volume of assets under their management. The total value reached $3.8 billion. The Bitcoin Trust accounts for $3.3 billion, which is 2% of all Bitcoins in circulation.

🔹May 20, Bitcoin transactions (involving coins mined in February 2009) are not related to Hal Finney's wallets, Fran Finney said. The community continues to search for the owner of the early mined coins. Analysts from CoinMetrics reported that the signal from the Whale Alert transaction tracker on Twitter caused a drop in Bitcoin price. Sadly, Hal was one of the first Bitcoin developers and passed away, aged 58, August 28, 2014.

🔹Binance Exchange is returning to China. Binance has registered a domain name with the Chinese government agencies. The Ministry of Industry and Information Technology of China approved the registration of the binance.cn domain in April.

🔹According to the new data on the Bitcoin hashrate, the bitcoin network is strongly influenced by the two large mining pools located in China. AntPool and BTC.com are part of Bitmain, and this means that Bitmain and F2Pool jointly control 52% of the cryptocurrency hash rate.

#3C_digest

Bybit & 3Commas Contest Results

Dear traders, we are pleased to inform you that the 3Commas and Bybit joint trading competition has finished and the prizes awarded.

The tournament had 86 competitors, and the reward of 0.6 BTC was distributed among the five participants who showcased the best PnL. Prizes have already been awarded to the winners.

We look forward to the next contest!

View results

​​Mining 101

Mining is an alternative means of income for many people because it allows you to earn money in the background. Mining requires advanced equipment with high computing power, sufficient space, efficient cooling equipment, uninterrupted Internet connection, and affordable electricity. It isn’t very complicated, but may appear a daunting task if you have never tried it before!

In this article, we will describe mining in simple words. We will also have a look at the prospects and risks of this earning model.

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​​Here’s our digest with the hottest news:

Capitalization: $249 billion
Trading Volume (24h): $93 billion
BTC Dominance: 65.4%
BTC: $8,865 (-0.67%)


🔹Tuur Demeester noted that the era of the largest mining equipment producer Bitmain is over. The analyst added that it is unlikely that any other bitcoin mining company will ever dominate the market the way Bitmain did.

🔹145 of the bitcoin addresses which Craig Wright had provided as being his holdings in an ongoing court case were used to sign a public message, both calling him a fraud and making it plain that he does not in fact own or control them.

🔹 According to the court documents, Telegram withdrew the US Federal Court appeal, which prohibited the release and distribution of Gram tokens.

🔹According to analysts from Glassnode, more than 310,000 BTC, equating to $2.7B, have been withdrawn from exchanges since "Black Thursday", March 13. This is the largest outflow of funds from trading floors in the history of digital money.

🔹More than 50% of all bitcoins in circulation did not move for over a year. This may indicate a high interest in the further growth of the currency.

#3C_digest

​​FTX Exchange tools are now available with 3Commas!

Dear 3Commas users, we are excited to announce that you can now link your FTX exchange accounts to 3Commas to trade.

FTX offers tremendous opportunities for trading derivatives, such as leveraged tokens, cryptocurrency indices, perpetual futures with up to x101 leverage, market volatility contracts, and much more. It is also worth mentioning the low commission, which depends on your trading volume, the minimum spread, and liquidity.

To get the maximum benefit from trading on FTX, you can use Smart Trade, DCA Bots, and Grid Bots.

Please read the instructions for creating an API key and connecting the exchange to 3Commas.

Start trading on FTX now

​​What are Oracles?

Blockchains and smart contracts cannot receive data from sources outside of their network. However, many applications on the blockchain need to receive reliable information from the outside world.

This article will look into the oracles, why they are important for the blockchain to work, and problems that may be associated with them.

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​​Here's our digest with the hottest news:

Capitalization: $264 billion
Trading Volume (24h): $115 billion
BTC Dominance: 66.0%
BTC: $9,500 (+3.63%)


🔹 Binance Exchange launched the ninth round of community voting. The two candidates are Thunder Token (TT) and Measurable Data Token (MDT). Voting will start on 06/04/2020 at 4:00 a.m. (UTC) and will last for 24 hours.

🔹Samsung Blockchain has partnered with the US exchange Gemini. Thanks to the partnership, customers from the USA and Canada will be able to use the Samsung Blockchain Wallet in combination with the Gemini mobile application to buy, sell, and exchange cryptocurrencies.

🔹Largest American cryptocurrency exchange Coinbase plans to acquire Tagomi. Being an advanced cryptocurrency brokerage platform, Tagomi is specifically designed for professionals and institutional investors.

🔹Brave browser launches intra-browser video calls supporting end-to-end encryption. The new "Brave Together" product provides users with access to an unlimited number of confidential video conference participants.

🔹The Whale Alert service traced a major transfer of 119,999,900 XRP worth $23.7 million from one unknown wallet to another. Both wallets were created on the Bitstamp exchange.

#3C_digest

​​Cryptocurrencies: The New Haven

The consequences of the coronavirus epidemic have led to increased tension in many traditional financial markets. As a result, attention to the crypto industry is growing significantly.

In this article, we will review examples of the various governments’ perspectives on cryptocurrencies in light of the global crisis.

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​​Here's our digest with the hottest news:

Capitalization: $269 billion
Trading Volume (24h): $117 billion
BTC Dominance: 65.1%
BTC: $9,519 (-5.88%)


🔹Skew reported that the open interest or aggregate amount of bitcoin futures held by traders has exceeded $4B once again.

🔹Exchanges hold roughly 3.08 million BTC on behalf of customers, which is 16.5% of all available bitcoins. The amount is down by 10% since February 9 when exchanges held as much as 3.43 million BTC, which is nearly 19% of the available supply.

🔹The Chinese community has decided to launch its own TON blockchain network based on the open-source code. The Chinese project is the third among the Free TON and NewTON projects trying to get the Telegram Open Network online up and running.

🔹Bitmain has released cheaper Bitcoin mining equipment in an attempt to regain the lost share in the mining market. The Antminer T19 earns up to $3.20 profit per day, which is quite close to earning $3.90 per day with the Antminer S19.

#3C_digest

​​Derivatives Trading With FTX Exchange


You can now trade on the FTX Exchange using 3Commas tools. FTX is a large derivatives platform with unique tools that will suit both beginners and experienced users.

In this article we will have a close look at the features of the exchange and its native FTT token.

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​​Here's our digest with the hottest news:

Capitalization: $277 billion
Trading Volume (24h): $89 billion
BTC Dominance: 64.9%
BTC: $9,789 (+1.42%)


🔹A famous Stock-to-Flow indicator, created by the Bitcoin analyst PlanB, has released the first red dot since 2016. In 2012-2013 and 2016-2017, red dots started the transition to a new phase and preceded Bitcoin’s growth cycles.

🔹Former Ripple executive Jed McCaleb received a payment of 80 million XRP equal to $16.3M. Upon receiving such transfers, Jed used to almost immediately exchange funds to fiat, which led to short-term XRP price drops.

🔹The “Game of Thrones” around Bitmain continues to gain momentum. The co-founder and director of the largest mining company Bitmain, Mikri Zhang, who has been literally expelled from the company last year, led a team of private security guards to obtain control over the Bitmain office in Beijing.

🔹E-commerce firm Alibaba says its new patent would improve upon current systems used by blockchains to communicate with one another.

🔹Analyst CryptoWhale believes that the Coinbase exchange utilizes a built-in automatic shutdown algorithm: as soon as a sharp BTC price fluctuation occurs, the platform goes offline.

🔹The team of developers of the Brave anonymous browser stated that the number of active users exceeded 15 million in May, while the number of active daily users reached 5 million.

#3C_digest

​​The Question of Hardware Wallets Reliability

The problem of storing digital assets is one of the key obstacles to the mass adoption and implementation of cryptocurrencies into our everyday life with the existing financial system.

For several years now, various media resources have been assuring us that one of the most reliable and convenient ways to store your coins is to use hardware wallets. In this article, we will review how accurate this statement is.

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