Day trading is the most commonly used trading strategy in financial markets. Traders can do day trading with stocks, forex, cryptocurrency and other financial instruments. The question arises here: What is day trading? In this article, we will succinctly describe the concept of day trading and types of day trading strategies for your understanding.
In simple terms, day trading means entering the trade and exiting it on the same day. It is also known as intraday trading. The trader makes use of this strategy to benefit from small changes in asset price. Cryptocurrencies can have 20–40% change in price over…
Decentralized finance or defi has been around since the inception of blockchain technology. It is a combination of smart contracts, decentralized applications (dApps), and protocols. These are built on bitcoin or ethereum blockchain. Defi provides an open and inclusive financial system. It has the potential to disrupt the traditional banking system.
In the traditional financial system, we make transactions through currency. Central banks are responsible for the issuance of currency. This system is centralized on its core. Central authorities or governments have control over the supply of currency. We trust them that they won’t devalue it by printing large amounts…
China is taking practical measures to ban cryptocurrency in the country. On Tuesday, the People’s Bank of China and financial regulators from Beijing punished a company for allegedly providing crypto-related services.
Bitcoin is still in hot waters over the ban of currency in China and some other factors (Climate Change) in the general discourse around crypto. Bitcoin was trading at $35,094 on Monday with a rise of 3.7%. However, the currency fell to $34,194 after the news of China taking action against the company meddling in the crypto business.
SafeMoon community is very active on Social Media. You will see its hashtags trending every other day in the US. Despite the hype, many consider it a pump and dump currency.
SafeMoon was created in the first quarter of 2021. It has been on the rise ever since. There are currently more than 2.3 Million people holding this coin. Moreover, it is listed on some popular cryptocurrency exchanges like Pancake Swap, BitForex, and Gate.io.
The developers of SafeMoon intended to create a currency that safely increases in value. …
Bitcoin investors were thrilled by the news of El-Salvador making bitcoin a legal tender. El-Salvador becomes the first country to adopt bitcoin as a legal currency.
The Central American country becomes the first country to legalize bitcoin. President Nayib Bukele moved the proposal in congress regarding the adoption of crypto’s poster child. 62 out of 82 members of congress voted in the favour of making bitcoin a legal tender. El Salvador’s program with the International Monetary Fund (IMF) may bear the brunt of this decision.
The Crypto enthusiasts were tweeting vigorously regarding this decision on Wednesday. Cryptocurrencies and especially bitcoin…
China is banning cryptocurrency use in the country. In the latest move this week, Chinese regulators have restricted financial institutions from providing any crypto-related services.
Giving the basis for the banning cryptocurrency People’s Bank of China judged that “Virtual currencies are not supported by any real value.”
On Tuesday, the financial industries in the mainland directed their members to not offer services such as account opening, registration, trading, and clearing of settlements, etc. Moreover, financial institutes cannot accept digital currencies as payment or settlements of transactions.
The directive from the National Internet Finance Association of China, the China Banking Association…
Dogecoin price is all-time high today. The value of DOGE has reached $0.13 with a whopping surge of 75% within 24 hours.
It is a beautiful day in the crypto neighbourhood with all popular currencies breaking their previous price records. Bitcoin is leading the way with a peak at $63K. The total market cap of the crypto market has grown to $2.19 trillion
Dogecoin price saw a jump of 75% on April 14th. This rise in value suggests that the coin has the potential of becoming an important token. The market cap of the coin has increased by 60%.
The first-ever case of cryptocurrency fraud is filed against an Australian Crypto exchange. The case is the first of its kind in the country involving theft of $800K in assets.
As per ABC news report, a French national by the name of Alexandre Raffin has brought a lawsuit against Modern Assets Australia. The 28 years old accused the directors of the cryptocurrency exchange of breaching their duty. He alleges that Jonathan Allison and Carlo Sciubba failed to take care of him.
Modern Assets Australia is a cryptocurrency research and advisory firm based on Gold Coast. …
Crypto adoption is on its way with the big news of Visa finally announcing the plan of letting its partners use the Ethereum blockchain for settlement of transactions made in fiat. For this initiative, the company has partnered with the famous cryptocurrency exchange, Crypto.com. The plan will be brought to life in the latter part of this year.
Citing the reason for this step, Visa mentioned that the standard procedure of settlements through wire transfer increases costs for cryptocurrency businesses. So with new programs, crypto.com will send funds in USDC (USD Coin) to Visa’s Ethereum address. …
The crypto industry is expanding in every direction with innovations like NFTs. BitClout Platform, a social crypto exchange, is the latest addition to the list.
Bitclout app is set for launch tomorrow. The individuals on this platform can buy and sell crypto tokens of their favourite celebrities. Basically, the identities of people are tokenized. It doesn’t matter whether the individual behind the profile knows the existence of this token or not.
The usernames on BitClout are listed according to the coin price. Elon Musk’s Twitter profile token has secured first place with the price of 69, 726 dollars. Justin Bieber’s…
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