Good day Coin Bureau readers, and welcome to another edition of our versus series where we pit the top crypto exchanges, DeFi and CeDeFi platforms, against one another in a head to head comparison to help you figure out which platform is best to suit your crypto needs. Today we will be covering two of […]

The post Celsius vs Nexo: Comparing the BEST Crypto Lending Platforms appeared first on Coin Bureau.

Qatar Central Bank is presently examining the possibility of issuing a digital currency as well as digital bank licensing, an official has said. The official adds this study will help the central bank get an understanding of what its area of focus should be. The Growing Significance of CBDC An official with the Qatar Central […]

press launch PRESS RELEASE. TòròNet not too long ago introduced the launch of the community’s mainnet, following almost six months of working a testnet. The blockchain was launched along with stablecoins in 4 currencies within the African sub-continent to begin. The blockchain is constructed particularly targeted on the unbanked and inadequately banked, however with the […]

The post TòrÒnet a Blockchain Platform Built Specifically for Financial Inclusion Launches With Four Stablecoins – Press launch Bitcoin News appeared first on Bitcoin Upload.

Finovate’s celebration of Women’s History Month continues with this conversation with Meghan Lapides, who recently became Chief People Officer for SmartAsset. Founded in 2021, SmartAsset is an online hub for consumer-focused financial information and advice. The company reaches approximately 75 million people each month via its educational content, personalized financial calculators, and other tools. SmartAsset Read more...

The post Data Fueled Decision Making : Our Women’s History Month Conversation with SmartAsset’s Meghan Lapides appeared first on Finovate.

A leading crypto analyst says that altcoins such as Solana (SOL) are on the rise while updating his forecast on leading cryptos Bitcoin (BTC) and Ethereum (ETH). With a new tweet, top analyst Justin Bennett tells his 98,500 followers that altcoins are heating up based on a chart depicting BTC’s inverted market dominance. “AltSeason2022 is heating […]

The post Crypto Analyst Says Altseason ‘Heating Up,’ Updates Outlook on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) appeared first on The Daily Hodl.

Bitcoin could have a bigger role in the international board as superpowers compete for dominance over the financial system. The benchmark crypto has seen some relief in the last day, as the U.S. Federal Reserve (FED) tightens, and the shadow of war looms over Europe. Related Reading | Ethereum Spikes Above $2,700 After Fed Announcement, What Now? At the time of writing, Bitcoin trades at $40,700 with a 1% profit over the past day and a 3% loss in the past week. As Gold Rises, So Will Bitcoin… In a recent post from BitMEX Co-Founder Arthur Hayes, there is a prediction for Bitcoin for the coming years, and a declaration with potential implications for the whole world: the financial system supported by oil and dollars came to an end. Otherwise known as “Petrodollars”, the term describes the way our current financial ecosystem is supported by the exchange of the U.S. dollar for this commodity, the world’s main source of energy. Big oil producers accept this currency, almost exclusively, for their products. This gives the U.S. dollar a prime position in the financial system, contributing to its global reserve currency status. The Society for Worldwide Interbank Financial Telecommunications (SWIFT) is another major component of that system. For some, Bitcoin is a direct competitor and a threat to this status quo. In his essay, titled “Energy Cancelled”, Hayes claims the Petrodollar system came to an end. The invasion of Ukraine by the Russian army led to the imposition of sanctions from the international community to the Vladimir Putin-led country. Russian banks and a portion of the country’s fiat currency reserve were seized by the U.S. and European Union (EU). The weaponization of the U.S. dollars has led Russia and China, contesting the role of this currency on the global scene, to find alternatives and possibly push for a new financial system. 8/12 Now add in the news that Saudi Arabia is considering accepting #Yuan instead of Dollars for Chinese oil and you have an accelerator for more economic problems and market uncertainty. https://t.co/5by5PkH8Vf — Material Indicators (@MI_Algos) March 16, 2022 Hayes believes this new system is yet to be named but could potentially be supported by a “neutral” medium of exchanges, such as Gold. This would directly impact Bitcoin, Hayes said: A new neutral reserve asset, which I believe will be gold, will be used to facilitate global trade in energy and foodstuffs. From a philosophical standpoint, central banks and sovereigns appreciate the value of gold, but not that of Bitcoin (…). Bitcoin is less than two decades old. But don’t worry: as gold succeeds so will Bitcoin. Money Has Changed Forever, Why Bitcoin Will Benefit Later, Hayes breaks down the evolution of money and the network that supports money, from its physical to its digital phase. In the latter, individuals, entities, and small countries have money stored on centralized, permissioned networks, and can potentially be locked out of their wealth, if a bank or government decides to. In case the dominant countries on this network, the U.S. and E.U. or China for the current financial system, decide to block network access to a participant, questions about the status quo emerge. Russia’s recent sanctions, the essay claims, is a one-of-a-kind case in history. The digitalization of the monetary network has made it possible to “cancel”, to “shun”, the country at this scale. Hayes said: Money is a medium of energy storage, and the most-used monetary instruments now lack the largest energy producer globally as a user. Why should any central bank “save” in any Western fiat currency, when their savings can be expropriated arbitrarily and unilaterally by the operators of the digital fiat monetary networks? Data shared by Hayes estimates current savings in $12 trillion, most countries store these funds on a network controlled by a superpower. These funds will be moved, says Hayes, to a new network. Gold is the potentially direct benefactor, as mentioned, China and other countries could begin injecting buying pressure into the Gold spot market. Long Gold could be this decade’s most important trade. Wheat, grains, and other commodities could follow. Related Reading | FED Announcement Pushes Bitcoin Price Up, Will BTC Sustain Momentum? In the long term, Hayes expects Gold to reach $10,000 on the spot. The rise of the precious metal will spill into all hard money assets, Bitcoin included. The cryptocurrency could hit $1 million per coin, as Gold moves upward. Hayes added: (…) any and all hard monetary assets believed to protect portfolios from this pestilence will get bid to astronomical levels. And that is the mental shift that breaks the correlation of Bitcoin with traditional risk-on / off assets, such as US equities and nominal interest rates.

To the outsider, few things are as mysterious as the stock market. While it has the potential to diversify your income if you are a trader, it also has the potential to wipe out your earnings in seemingly the blink of an eye. That reality isn't lost on adults in America, roughly 61% of whom say the stock market feels intimidating or scary. Most people, we can all agree, will resist investing in something they don't feel comfortable with, yet despite its inherent risks, trading has the possibility of being beneficial in the long term. How, then, can we encourage more people to become retail traders and start their own investment journeys, wherever they may lead? TruTrade.IO, led by its co-founder, Danny Rebello, believes the answer lies in providing retail traders with automation software that incorporates the institutional strategies used by investment bankers and hedge funds.

Why Trading Feels Confusing to So Many People

The stock market fluctuates according to patterns or cycles that can be overturned by sudden events like the coronavirus: one day things seem fine, and the next, the world has dramatically changed, sending markets plunging. It takes a certain amount of knowledge or experience, then, to know how to potentially ride those inevitable developments and decide whether you should trade or sit tight.

Trading also involves concepts and terminology that the pros studied in college before earning additional certifications and entering the world of FOREX, equities, and futures. Yes, it is true that there are a lot of excellent books that explain trading to the outsider and that there is no shortage of seminars, but can they teach everything that a professional learned during their four years in college? Perhaps not. Additionally, it is likely that the information in books and seminars can become outdated as techniques and strategies evolve. 

In the end, we can probably assume that 47% of U.S. families are not investing in the stock market for one or more reasons: they do not feel they have enough knowledge to invest, they are apprehensive about its ups and downs, or they think that trading is only for those who have a specialized education.

How TruTrade.IO Is Working to Encourage More People to Invest

TruTrade.IO states that the world of trading should be open to everyone regardless of their socioeconomic or education status. “While trading will always involve an element of risk, we want people to feel confident that when they trade, they do so knowing they are using the strategies available to pro traders.”

To that end, the company created its automation software, which it says utilizes tips previously known only by industry professionals. “We believe that manual trading is no longer the best option for retail traders,” it states. “It involves a lot of time and energy that most people simply do not have. While the retail trader will, of course, invest some time in learning how to use TruTrade.IO, the software can help them to potentially begin their trading adventure on the same footing as a professional.”

One element faced by retail traders and the pros alike is risk. “Again, there is no way to take it completely out of trading,” TruTrade.IO believes. “However, as institutional traders know, there are ways to possibly lower it, which is the goal of DRAMM, our dynamic risk management module.” 

TruTrade.IO explains that with DRAMM, the software manages an array of complex money management strategies, allowing retail traders to potentially trade more realistically, which the company claims is an advantage over other retail trading systems.

Professionals also have strategies that can possibly minimize drawdowns, or declines in portfolios, and increase the accumulation of equity. “We think retail traders should have these as well, which could help them to feel more confident about trading,” TruTrade.IO says. “So, we have provided the ability for traders to hedge their positions against the same financial instruments or against other correlated financial instruments in different asset classes. The software is very systematic and incorporates multiple bar-types and timeframes.” 

Institutional traders also understand how to potentially minimize slippage and take advantage of any market condition. “We thought this was vital for retail traders to have, too, so we included bot-add-ons for our post-purchase clients,” TruTrade.IO explains. “With these features, we think that more people will feel comfortable with the idea of trading and will enter the market.”

Will TruTrade.IO's Algorithmic Trading Technology Lead to More Retail Traders?

As political upheaval, natural disasters, and interest rates are just a few of the things that can affect trading, the market will remain complex and necessitate caution. However, the automated software created by TruTrade.IO could be a step in the right direction, as few can deny that the strategies used by professionals have the potential to benefit the retail trader as well.

To learn more about TruTrade.IO's retail trading technology, please visit https://www.trutrade.io/. 

Or contact:

Direct: 480.248.3554

[email protected] 

www.trutrade.io 

 

7014 East Camelback Road 

Scottsdale, AZ 85251

Crypto staking has become one of the best ways for investors to earn passive income. You simply stake your coins, and in return, you get [...]

The EMEA Valorant region suffered some delays due to the ongoing crisis in Ukraine, and the overall group stage schedule was pushed back. We had a very brief week 4 with just three matches, while week 5 had ten in total. Group B is pretty much a done deal by this point, but there’s still […]

The post VCT EMEA Challengers 1 – Week 5 Results appeared first on EsportsBets.com.

Welcome, Cryptonauts. It looks like It’s everybody’s favourite time of year again: Tax season. 🥳 🙄 It is no secret that tax reporting can be complex, especially for crypto holders, as trying to navigate the constantly changing crypto tax landscape with a lack of a structured taxation framework is an administrative nightmare. Luckily, with the […]

The post The State of Cryptocurrency Tax Reporting in 2022: Report appeared first on Coin Bureau.

The post Russia Bans Facebook & Instagram, Quest Sees Ripple Effects appeared first on Road to VR.

As reported by The Business Times, Singapore Finance Minister Lawrence Wong announced on March 11 that NFT owners in Singapore will start paying taxes on their investments. Income tax treatment will be determined based on the nature and use cases of the NFT. The announcement comes on the heels of recent tax measures that many [...]

The post NFT Taxation Comes to Singapore appeared first on Blockonomi.