Here's our digest with the hottest news:
Capitalization: $368 billion
Trading Volume (24h): $124 billion
BTC Dominance: 58.8%
BTC: $11,743 (+1,88%)
🔹Coinbase plans to roll out Bitcoin-backed fiat loans for their customers. The maximum loan amount will equal $20,000 per user, while the total amount of funds issued will be limited to 30% of Bitcoins available on the balance sheet of the exchange.
🔹Cryptocurrency exchange Kraken has released a new report that predicts the 50-200% Bitcoin growth in the coming months. The report stated that Bitcoin's upward momentum, which started at the end of July, would push the asset price up for several more months.
🔹The cryptocurrency data generator CoinMarketCap has offered its users a new opportunity to earn cryptocurrency. The service launched a program to study assets and receive rewards for passing certain tests.
🔹The price of the Yam DeFi protocol token collapsed by 99%. The crash occurred due to a critical error in the code. The developers initially warned that the protocol did not pass a security audit. Despite this, the volume of blocked assets in Yam at its peak exceeded $600 million. At the moment, the token is trading at approximately $1, an enormous drop from its August peak of $167.
🔹The average Ethereum network commission fee has reached an all-time high of $7.5.
#3C_digest
Capitalization: $368 billion
Trading Volume (24h): $124 billion
BTC Dominance: 58.8%
BTC: $11,743 (+1,88%)
🔹Coinbase plans to roll out Bitcoin-backed fiat loans for their customers. The maximum loan amount will equal $20,000 per user, while the total amount of funds issued will be limited to 30% of Bitcoins available on the balance sheet of the exchange.
🔹Cryptocurrency exchange Kraken has released a new report that predicts the 50-200% Bitcoin growth in the coming months. The report stated that Bitcoin's upward momentum, which started at the end of July, would push the asset price up for several more months.
🔹The cryptocurrency data generator CoinMarketCap has offered its users a new opportunity to earn cryptocurrency. The service launched a program to study assets and receive rewards for passing certain tests.
🔹The price of the Yam DeFi protocol token collapsed by 99%. The crash occurred due to a critical error in the code. The developers initially warned that the protocol did not pass a security audit. Despite this, the volume of blocked assets in Yam at its peak exceeded $600 million. At the moment, the token is trading at approximately $1, an enormous drop from its August peak of $167.
🔹The average Ethereum network commission fee has reached an all-time high of $7.5.
#3C_digest
3Commas practical guides: how to always close a trade with profit
How many times have we encountered a situation when after buying an asset, the price went in the right direction, but after a while, our position was knocked out by a Stop Loss, leaving us profitless?
In this “3Commas Practical Guides” article, we will explain how the 3commas.io tools can help you profit from your trades even if you were knocked out by a Stop Loss.
Read article
How many times have we encountered a situation when after buying an asset, the price went in the right direction, but after a while, our position was knocked out by a Stop Loss, leaving us profitless?
In this “3Commas Practical Guides” article, we will explain how the 3commas.io tools can help you profit from your trades even if you were knocked out by a Stop Loss.
Read article
⚠️⚠️⚠️ Dear traders!
We regret to inform you we are temporarily unable to accept payments in cryptocurrency due to technical reasons beyond our control.
Please use other payment methods, for example, PayPal or Credit/Debit cards.
We apologise for the inconvenience.
We regret to inform you we are temporarily unable to accept payments in cryptocurrency due to technical reasons beyond our control.
Please use other payment methods, for example, PayPal or Credit/Debit cards.
We apologise for the inconvenience.
Here's our digest with the hottest news:
Capitalization: $374 billion
Trading Volume (24h): $111 billion
BTC Dominance: 59.5%
BTC: $11,776 (-4.13%)
🔹Vitalik Buterin stated that he convinced the Ethereum Foundation to sell 70,000 ETH at the market peak. The funds were used exclusively to support developers and issue grants. Vitalik added that $100 million significantly expanded the project's possibilities for further development.
🔹Bitcoin futures open interest has renewed its all-time high, reaching $5.8 billion on exchanges.
🔹Coinbase Custody now supports Solana.
🔹After Grayscale's major ad campaign last week, Barry Silbert tweeted that they've had their largest fundraising week ever. $217 million were invested into the Grayscale funds.
🔹 Another DeFi record. The volume of funds blocked in DeFi exceeded $ 6.25 billion.
🔹Binance CEO Changpeng Zhao stated that the system traffic of the exchange has now exceeded the figures of December 2017.
🔹Anthony Pompliano, the founder of Morgan Creek Capital, believes that Bitcoin's market capitalization will exceed that of gold by the end of 2029.
#3C_digest
Capitalization: $374 billion
Trading Volume (24h): $111 billion
BTC Dominance: 59.5%
BTC: $11,776 (-4.13%)
🔹Vitalik Buterin stated that he convinced the Ethereum Foundation to sell 70,000 ETH at the market peak. The funds were used exclusively to support developers and issue grants. Vitalik added that $100 million significantly expanded the project's possibilities for further development.
🔹Bitcoin futures open interest has renewed its all-time high, reaching $5.8 billion on exchanges.
🔹Coinbase Custody now supports Solana.
🔹After Grayscale's major ad campaign last week, Barry Silbert tweeted that they've had their largest fundraising week ever. $217 million were invested into the Grayscale funds.
🔹 Another DeFi record. The volume of funds blocked in DeFi exceeded $ 6.25 billion.
🔹Binance CEO Changpeng Zhao stated that the system traffic of the exchange has now exceeded the figures of December 2017.
🔹Anthony Pompliano, the founder of Morgan Creek Capital, believes that Bitcoin's market capitalization will exceed that of gold by the end of 2029.
#3C_digest
The future of DeFi and the world's first fully decentralized derivatives exchange
This summer in the crypto industry is nothing but a DeFi summer. It is difficult to imagine anyone interested in crypto who would not have heard of the general hysteria around Decentralized Finance. We’ve seen the launch and growth of dozens, if not hundreds, of projects that collectively have greatly enhanced the decentralized finance network
In today’s article, we’ll discuss the best DeFi projects to look out for in the second half of 2020.
Read article
This summer in the crypto industry is nothing but a DeFi summer. It is difficult to imagine anyone interested in crypto who would not have heard of the general hysteria around Decentralized Finance. We’ve seen the launch and growth of dozens, if not hundreds, of projects that collectively have greatly enhanced the decentralized finance network
In today’s article, we’ll discuss the best DeFi projects to look out for in the second half of 2020.
Read article
Dear traders!
The problem with payments in cryptocurrency has been solved.
We apologise for the inconvenience.
The problem with payments in cryptocurrency has been solved.
We apologise for the inconvenience.
⚠️⚠️ FTX System Maintenance - August 20th, 2020 20:00hrs UTC
Dear 3Commas Traders,
there will be brief downtime on FTX on 2020-08-20 at 04:00 HKT (20:00 UTC). FTX will be rolling out server upgrades during this time. Unless the market is really volatile, in which case they'll postpone.
They do not anticipate the downtime to stretch more than 10 minutes. During the upgrade period, users’ pending orders will be retained, but functions such as transferring margin, placing orders, and cancelling orders will be temporarily suspended on API, Web, and APP.
Dear 3Commas Traders,
there will be brief downtime on FTX on 2020-08-20 at 04:00 HKT (20:00 UTC). FTX will be rolling out server upgrades during this time. Unless the market is really volatile, in which case they'll postpone.
They do not anticipate the downtime to stretch more than 10 minutes. During the upgrade period, users’ pending orders will be retained, but functions such as transferring margin, placing orders, and cancelling orders will be temporarily suspended on API, Web, and APP.
Storing information on the blockchain
Currently, the most popular non-local information storage solution is cloud storage like Google Disk, Dropbox, Mega, and databases like MySQL and MongoDB. However, companies may control the content of these repositories, and your information may be censored.
In this article, we will review the ways of storing information on the blockchain, as well as the pros and cons.
Read article
Currently, the most popular non-local information storage solution is cloud storage like Google Disk, Dropbox, Mega, and databases like MySQL and MongoDB. However, companies may control the content of these repositories, and your information may be censored.
In this article, we will review the ways of storing information on the blockchain, as well as the pros and cons.
Read article
😁1
Here's our digest with the hottest news:
Capitalization: $373 billion
Trading Volume (24h): $95 billion
BTC Dominance: 58.7%
BTC: $11,873 (+1,05%)
🔹The Tether stablecoin (USDT) has overcome Ripple in terms of capitalization once again. According to Coin Metrics, the value of assets in USDT on all supported platforms now equals $13.14 billion, while the capitalization of XRP is about $13 billion.
🔹As trading started on Justin Sun’s non-custodial exchange Justswap, users began complaining that there are many fake cryptocurrencies on the platform. The JUST alt coin has risen in price by 400% since the beginning of August.
🔹Bitcoin options open interest has renewed its all-time high, reaching $2 billion. That is six times higher than at the start of this year.
🔹The Stock to Flow model author has confirmed that Bitcoin is in a bullish stage.
🔹2.61 million BTC are currently stored on exchanges, which is the lowest figure in 2 years. The decrease in the numbers represents a lower selling pressure being a bullish indicator.
🔹The UK Financial Conduct Authority (FCA) has registered the Gemini cryptocurrency exchange owned by the Winklevoss brothers. Now the exchange will report its activities to the UK regulators.
#3C_digest
Capitalization: $373 billion
Trading Volume (24h): $95 billion
BTC Dominance: 58.7%
BTC: $11,873 (+1,05%)
🔹The Tether stablecoin (USDT) has overcome Ripple in terms of capitalization once again. According to Coin Metrics, the value of assets in USDT on all supported platforms now equals $13.14 billion, while the capitalization of XRP is about $13 billion.
🔹As trading started on Justin Sun’s non-custodial exchange Justswap, users began complaining that there are many fake cryptocurrencies on the platform. The JUST alt coin has risen in price by 400% since the beginning of August.
🔹Bitcoin options open interest has renewed its all-time high, reaching $2 billion. That is six times higher than at the start of this year.
🔹The Stock to Flow model author has confirmed that Bitcoin is in a bullish stage.
🔹2.61 million BTC are currently stored on exchanges, which is the lowest figure in 2 years. The decrease in the numbers represents a lower selling pressure being a bullish indicator.
🔹The UK Financial Conduct Authority (FCA) has registered the Gemini cryptocurrency exchange owned by the Winklevoss brothers. Now the exchange will report its activities to the UK regulators.
#3C_digest
⚠️⚠️⚠️Dear customers!
There are some technical issues with the Binance API.
Operations may be delayed!
There are some technical issues with the Binance API.
Operations may be delayed!
✅✅✅ Dear customers!
The issue with Binance API has been fixed. The system is working normally now.
The issue with Binance API has been fixed. The system is working normally now.
3Commas practical guides: how to sell higher
A common situation – you need to sell an asset, let’s say, to release a deposit, or to take profit after a long bullrun, but according to your market analysis, you think that the price may still rise and would like to sell higher.
In this “3Commas Practicаl Guides” article, we will explain how using the 3commas.io service, you can sell an asset higher than expected.
Read article
A common situation – you need to sell an asset, let’s say, to release a deposit, or to take profit after a long bullrun, but according to your market analysis, you think that the price may still rise and would like to sell higher.
In this “3Commas Practicаl Guides” article, we will explain how using the 3commas.io service, you can sell an asset higher than expected.
Read article
The next frontier of the digital economy
Many of you know how vital the macroeconomic background is for Bitcoin, but what about the rest of the cryptocurrencies and digital assets market? How do they fit into a sector that is often phased out by the sound of money tales and comparisons to digital gold?
As with many emerging industries, there are several age-old tailwinds behind the cryptocurrencies, some of which deserve the most attention, including rising digitalization, a global growth deficit, record low interest rates, and widening wealth inequality.
Read article
Many of you know how vital the macroeconomic background is for Bitcoin, but what about the rest of the cryptocurrencies and digital assets market? How do they fit into a sector that is often phased out by the sound of money tales and comparisons to digital gold?
As with many emerging industries, there are several age-old tailwinds behind the cryptocurrencies, some of which deserve the most attention, including rising digitalization, a global growth deficit, record low interest rates, and widening wealth inequality.
Read article
Here's our digest with the hottest news:
Capitalization: $354 billion
Trading Volume (24h): $111 billion
BTC Dominance: 59.2%
BTC: $11,356 (-2.53%)
🔹Anonymous analyst and author of the “Stock to Flow model”, PlanB, tweeted that if the S&P 500 doubles, Bitcoin will rise 416 times in price due to their strong correlation.
🔹A total of 62,000 Bitcoin in Options are set to expire on August 28 on the CME.
🔹The Federal Reserve is conducting experiments with a hypothetical digital dollar for research purposes.
🔹Binance's CEO Changpen Zhao is not optimistic about the booming DeFi sector. He believes that many DeFi projects will follow the fate of Yam Finance, which collapsed 99% due to a vulnerability found in the code.
🔹The premium on the Grayscale's Litecoin Trust (LTCN) shares is now above 900%, and it was trading at a premium above 1200% on Thursday. The current indicators showcase an extremely high demand for this asset.
#3C_digest
Capitalization: $354 billion
Trading Volume (24h): $111 billion
BTC Dominance: 59.2%
BTC: $11,356 (-2.53%)
🔹Anonymous analyst and author of the “Stock to Flow model”, PlanB, tweeted that if the S&P 500 doubles, Bitcoin will rise 416 times in price due to their strong correlation.
🔹A total of 62,000 Bitcoin in Options are set to expire on August 28 on the CME.
🔹The Federal Reserve is conducting experiments with a hypothetical digital dollar for research purposes.
🔹Binance's CEO Changpen Zhao is not optimistic about the booming DeFi sector. He believes that many DeFi projects will follow the fate of Yam Finance, which collapsed 99% due to a vulnerability found in the code.
🔹The premium on the Grayscale's Litecoin Trust (LTCN) shares is now above 900%, and it was trading at a premium above 1200% on Thursday. The current indicators showcase an extremely high demand for this asset.
#3C_digest
⚠️⚠️⚠️Dear traders!
We are experiencing some technical issues for the moment. Our team trying to fix it as far as possible. Excuse for troubling.
We are experiencing some technical issues for the moment. Our team trying to fix it as far as possible. Excuse for troubling.
Dear users!
We are grateful for your honest feedback, it helps us to improve our platform and make it more convenient for you.
We present our latest platform update with enhanced functionality based on the main user requests.
What's new:
🔹The “Cancel” button for Smart Trades and DCA bots has been re-named to “Unwatch” to more accurately describe the impact of this operation. By clicking this button, you will cancel the trade on 3Commas and a message is now displayed to remind users that if trading on a Futures market, that your position is still open on the exchange so it will need to be addressed to ensure it is not liquidated.
For Spot exchange trades, you will be left with the funds bought or sold by the trade while the Take Profit and Stop Loss orders will be canceled.
If the Smart Trade was waiting to open a trade and the entry order has not be filled, the trade is just cancelled.
To reiterate, the functionality of the “Unwatch” button is the same as the previous “Cancel” button.
🔹The Smart Trade section now has a block displaying all active positions and orders with an available option to filter by exchanges or trading pairs. Now, even with a large number of active trades, you will not miss anything, because all the important information is located in a convenient and accessible place. Previously you would have to click several times to manage open orders (and live Futures positions) or even needed to log-in to the exchange itself to find this information - no more!
🔹We added a Smart Buy function! This means that now you can take control of orphaned Short positions on Futures trades (such as if you cancel a Grid Bot or a previous Smart Short trade) - this feature works exactly like the Smart Sell function but for Shorts, allowing you to set Take Profit targets and Stop Loss settings.
🔹The Smart Trade terminal now also includes a set of quick actions for an immediate response in case the situation on the exchange changes, now you can:
- Quickly close positions on the market
- Convert positions to Smart Long and Smart Short
- Cancel orders in one click
🔹Added the function of a limit Take Profit. It will be active no matter what. This means that in cases of a sharp rise in the price after the decline, you can close your position with profit without placing a limit order on the exchange.
🔹The Trader Diary now has filters for exchanges and trading pairs.
🔹Added the function of viewing all accounts in the filters for open positions/orders.
🔹Fixed errors in both English and Russian versions of the website.
We are grateful for your honest feedback, it helps us to improve our platform and make it more convenient for you.
We present our latest platform update with enhanced functionality based on the main user requests.
What's new:
🔹The “Cancel” button for Smart Trades and DCA bots has been re-named to “Unwatch” to more accurately describe the impact of this operation. By clicking this button, you will cancel the trade on 3Commas and a message is now displayed to remind users that if trading on a Futures market, that your position is still open on the exchange so it will need to be addressed to ensure it is not liquidated.
For Spot exchange trades, you will be left with the funds bought or sold by the trade while the Take Profit and Stop Loss orders will be canceled.
If the Smart Trade was waiting to open a trade and the entry order has not be filled, the trade is just cancelled.
To reiterate, the functionality of the “Unwatch” button is the same as the previous “Cancel” button.
🔹The Smart Trade section now has a block displaying all active positions and orders with an available option to filter by exchanges or trading pairs. Now, even with a large number of active trades, you will not miss anything, because all the important information is located in a convenient and accessible place. Previously you would have to click several times to manage open orders (and live Futures positions) or even needed to log-in to the exchange itself to find this information - no more!
🔹We added a Smart Buy function! This means that now you can take control of orphaned Short positions on Futures trades (such as if you cancel a Grid Bot or a previous Smart Short trade) - this feature works exactly like the Smart Sell function but for Shorts, allowing you to set Take Profit targets and Stop Loss settings.
🔹The Smart Trade terminal now also includes a set of quick actions for an immediate response in case the situation on the exchange changes, now you can:
- Quickly close positions on the market
- Convert positions to Smart Long and Smart Short
- Cancel orders in one click
🔹Added the function of a limit Take Profit. It will be active no matter what. This means that in cases of a sharp rise in the price after the decline, you can close your position with profit without placing a limit order on the exchange.
🔹The Trader Diary now has filters for exchanges and trading pairs.
🔹Added the function of viewing all accounts in the filters for open positions/orders.
🔹Fixed errors in both English and Russian versions of the website.
Ethereum History (Part 1)
Today, Ethereum is the second-largest cryptocurrency in terms of capitalization. Ethereum became the leading platform for issuing more than 6 thousand different tokens during the ICO boom in 2017. Ethereum bypasses both TRON and EOS in terms of the number of users and the total cost of dApps transactions… Today Ethereum is the number one platform for a new wave of hype — DeFi.
In this series, we will talk about the stages of how the network was formed, the major updates and changes that take place during the transition to the Proof of Stake algorithm, and recall the most important events that played a role both for the Ethereum community and the entire crypto community as a whole.
Read article
Today, Ethereum is the second-largest cryptocurrency in terms of capitalization. Ethereum became the leading platform for issuing more than 6 thousand different tokens during the ICO boom in 2017. Ethereum bypasses both TRON and EOS in terms of the number of users and the total cost of dApps transactions… Today Ethereum is the number one platform for a new wave of hype — DeFi.
In this series, we will talk about the stages of how the network was formed, the major updates and changes that take place during the transition to the Proof of Stake algorithm, and recall the most important events that played a role both for the Ethereum community and the entire crypto community as a whole.
Read article
Here's our digest with the hottest news:
Capitalization: $357 billion
Trading Volume (24h): $97 billion
BTC Dominance: 59%
BTC: $11,448 (+0.43%)
🔹The Polkadot (DOT) project was launched in May, and its market cap has already exceeded $5 billion, which allowed the project to reach 6th place in the ranking of the largest cryptocurrencies.
🔹Glassnode analysts tweeted that the Stablecoin Supply Ratio (SSR) metric indicates an increased upside potential for the price of Bitcoin. They believe that the lower the indicator, the higher the purchasing power of stablecoins relative to Bitcoin, which increases the likelihood of the first cryptocurrency, Bitcoin, to grow.
🔹Senior analyst at Bloomberg Intelligence Mike McGlone believes that for Bitcoin’s price to stop appreciating something unexpected needs to happen.
🔹The trading volume of Bitcoin futures on the Bakkt regulated platform exceeded $147 million. This is a new all-time high!
🔹Binance Futures launches DeFi composite index perpetual contract with up to 50x leverage.
🔹The amount of funds blocked in decentralized finance (DeFi) exceeded $7 billion.
#3C_digest
Capitalization: $357 billion
Trading Volume (24h): $97 billion
BTC Dominance: 59%
BTC: $11,448 (+0.43%)
🔹The Polkadot (DOT) project was launched in May, and its market cap has already exceeded $5 billion, which allowed the project to reach 6th place in the ranking of the largest cryptocurrencies.
🔹Glassnode analysts tweeted that the Stablecoin Supply Ratio (SSR) metric indicates an increased upside potential for the price of Bitcoin. They believe that the lower the indicator, the higher the purchasing power of stablecoins relative to Bitcoin, which increases the likelihood of the first cryptocurrency, Bitcoin, to grow.
🔹Senior analyst at Bloomberg Intelligence Mike McGlone believes that for Bitcoin’s price to stop appreciating something unexpected needs to happen.
🔹The trading volume of Bitcoin futures on the Bakkt regulated platform exceeded $147 million. This is a new all-time high!
🔹Binance Futures launches DeFi composite index perpetual contract with up to 50x leverage.
🔹The amount of funds blocked in decentralized finance (DeFi) exceeded $7 billion.
#3C_digest
3Commas practical guides: smart leveraged trading
We are continuing the “3Commas Practical guides” series — mini-articles with practical examples of how convenient and easy it is to make money with 3commas.io.
In this article, we will look at leveraged trading using the Smart Long and Smart Short functionality.
Read article
We are continuing the “3Commas Practical guides” series — mini-articles with practical examples of how convenient and easy it is to make money with 3commas.io.
In this article, we will look at leveraged trading using the Smart Long and Smart Short functionality.
Read article
⚠️⚠️⚠️Dear traders!
We are experiencing some technical issues for the moment. Our team trying to fix it as far as possible. Excuse for troubling.
We are experiencing some technical issues for the moment. Our team trying to fix it as far as possible. Excuse for troubling.
⚠️⚠️⚠️
Our Anti-DDOS system provider Qrator.net got major network outage on top-level-provider:
https://downdetector.com/
Our Anti-DDOS system provider Qrator.net got major network outage on top-level-provider:
https://downdetector.com/
downdetector.com
Status overview
Realtime overview of issues and outages with all kinds of services. Having issues? We help you find out what is wrong.