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You are here: Home / Archives for Cryptocurrency

Cryptocurrency

A simple and practical Guide to copy trading on Bityard

March 4, 2021 by Akash Anand

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Copy Trading is the latest innovation on the cryptocurrency market. An entirely unique trading method, that allows users to benefit from the experience of expert traders and make profit from their knowledge.

The copy trading option is designed for beginners who have not learnt how to trade. In the copy trading option, you do not need to be an expert on cryptocurrencies to make profit on them, in fact you do not need to know much about Cryptocurrency trading to make money, all you need do is follow expert traders with an amount of capital and make money off their trades.

The copy Trading option also provides beginners interested in cryptocurrency trading, with an opportunity to learn, as they are able to observe the trades made by experts they follow, and this gives them a chance to analyse successful trades and incorporate the expert’s trading style.

Bityard a fully licensed and regulated exchange is one of the very few elite Cryptocurrency-exchanges that have pioneered the copy trading option and is the best pick for beginners who want to start copy trading.

A Step by step guide to the copy trading process

Registration:

The first step is to register on Bityard this is a very simple process and will not take more than a minute. To register, click here to input your email after which a verification code will be sent to your email.

Next you put a password of your choice, preferably a combination of letters and alphabets and one with good security. You click register and that’s it, your account is ready. Follow this Link to register.

Deposit:

The next step after registration is to fund your account.                                The bityard trading platform supports deposit via different Cryptocurrencies. 

For mobile users, to deposit into your account, look at the bottom right corner of the page, you will see an icon labelled assets

 click on it, then go the top left corner of the page that is opened, you will see an option of account and assets, click on the assets option, this will bring out the asset management page, there you will see a deposit option. 

Click on the deposit option, this opens a page with a list of Cryptocurrencies you can deposit, pick your desired Cryptocurrencies, copy the wallet address. Deposit into the wallet address and you’re set to go

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Note: The minimum deposit is 15USDT.

For PC users  after you login, at the top of the page you will see an asset option, click on it and it will bring a Dropbox with the deposit option, click on deposit, select a cryptocurrency of your choice, copy the address and deposit into the address.

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Pc web version deposit page

Choosing a Trader:

After you have deposited funds into your account, you can now choose a trader of your choice

Simply click on the Icon for the copy trade option. This opens the page for the list of traders. Each trader has statistics that show a trader’s performance and helps you better understand the trader’s trading style or pattern.

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Here I will explain what each Stat means and what it signify.

Win/rate 30D : shows the number of positive completed trades in the past 30days, that is the number of trades that end as the trader predicted. A higher win rate signifies that most of the trades, made end successfully.

30D Total trades: Shows the number of trades a trader has made in the last 30 days. A higher number signifies the trader is a frequent trader, a lower number shows the trader trades seldom

P/L ratio 30D: shows the percentage of profit as opposed to loss made by a trader. A positive percentage signifies that a Trader has made profit overall in the last 30 days, a negative percentage signifies that overall in the last 30 days the trader has made loss. 

Profit Rate: shows the percentage profit on the capital. A higher percentage signifies a trader makes a high profit on average.

Accuum followers: The number of people who copy a particular trader. A higher number shows a lot of people are comfortable with the trader and might reflect good trading skills

Profit share: The percentage of the profit the trader takes as his trading fee, when you copy him/her.

After going through the list of traders and finding one whose statistics are favorable to you, the next step you take is following the trader.

Following a Trader:

After choosing a trader and clicking on the follow option, a page showing the trading settings pops up. 

Amount: Allows you to set the amount that is to be used for each trade copied from the master trader. When setting the amount, you consider your general principal/investment and you set an amount that will allow you copy the trader even if he/she opens multiple trades at once.

Note: Maximum copy amount per trade is 400USDT

Daily margin: Allows you set a limit for daily trades. Once the trader makes those amounts of trades in a day, you automatically stop copying for the day

Stop loss ratio: Allows you to set a percentage of loss that is allowable in a trade once a trade reaches that amount it automatically closes. If this is set to unlimited then the trade closes whenever the master trader decides to close the trade.

Note: all trades automatically close at a 90percent loss rate.

After all these have been set, you click copy and start making money.

You can always choose to unfollow/stop copying a trader at anytime you choose.

You can also follow more than one trader, but when following multiple traders, you do so with respect to the amount of capital you have, to ensure a smooth and successful trading process.

Click this Link to register and Copy trade on Bityard.

Filed Under: Technology Tagged With: bityard, copy trading, Cryptocurrency

2gether launches 2GT utility token internationally on Bounce

February 27, 2021 by Akash Anand

The past few months has seen the cryptocurrency market perform better than most traditional assets out in the world. This positive sentiment has been a key factor contributing to new developments and innovations in the space. 

2gether, the popular collaborative cryptic trading platform, was the latest player to shake things up in the industry with the listing of its 2GT token on Bounce, a decentralized platform that specializes in auction style ICO’s and NFTs. The ETH generated from the Bounce trades will be utilized for the 2GT/ETH liquidity pools on Uniswap.

According to reports from within the company, 2gether will be issuing 10 million 2GT tokens for a week before issuing the token on Uniswap sometime between March 5-12. 2gether further informed us that over the past few years the company has distributed over 20 million tokens to users. Since 2gether’s launch three years back, over 50 percent of its users are counted as designated founders. 

The cryptocurrency market’s growing relevance was again evidenced when 2gether statistics showed an 83 percent rise in 2GT trading between December 2020 and January 2021. Rising trading figures even during a pandemic was proof of the community’s confidence in the platform. Over the past three years, 27 million 2GT tokens worth $1.6 million were purchased off 2gether.

Ramon Ferraz, the CEO of 2gether had said:

“Over the last three years, 2gether has been working on increasing the utility of the 2GT token to further develop our Founder’s Plus Programme and beyond, while emphasizing compliance with the European Commission’s regulatory frameworks with the guidance of the crypto-specializing legal experts at Uría Menéndez’s Digital Law Group. The crypto boom of the last few months has empowered the company to succeed in its token issuance mission, and the 2021 roadmap brings new initiatives and projects that will add new layers to the 2GT’s utility.”

To put things into perspective, 2gether has been building its token utility since the end of Bitcoin’s 2017 bull run. The company has gone about achieving its functionality goals by envisioning the Founder Plus Programme at its core. Each part of the 2gether membership level comprises its own levels that can be scaled by purchasing or earning 2GT tokens. Users and fans of the platform rejoiced when it announced that interested parties from outside Europe could also conduct trades.

2gether added that the 2GT tokens will also be issued on Uniswap soon by utilizing the proceeds from the current Bounce issuance. An exact 50 percent of the ETH prceeeds will be directed towards 2GT/ETH liquidity pools. Additionally, users who stake their 2GT/ETH in the Uniswap liquidity pool will receive a 0.3 percent yield reward. Uniswap was not the only place where users could handle their 2GT tokens as other external wallets have also been given permission. 

 The token launch was one step in taking 2gether towards the mainstream realm. The platform currently operates in 22 countries with a user growth rate of a whopping 500 percent. Sources close to the company are hoping that the tie-up with Bounce will only enable it to better the burgeoning cryptocurrency ecosystem. 

Filed Under: Press Release Tagged With: 2gether, 2GT, Blockchain, bounce, Cryptocurrency, press release

BeFaster.fit bets big on emerging markets like India as application launch draws near

February 26, 2021 by Akash Anand

As the cryptocurrency market continues on one of its biggest price shifts in history, investors all over the world are reacting to the news differently. Some countries like the United States were on their way to embrace crypto while nations like India were heading in the opposite direction. 

Since lifting the old cryptocurrency ban in 2018, India has seen a massive surge in cryptocurrency usage and trades. Several companies directed their attention to the emerging market with major exchanges like WazirX getting acquired by Binance. Now with another ban potentially on the horizon, people were getting antsy about the future of digital assets in India. But not Tron Europe or BeFaster.fit.

BeFaster.fit’s commitment to combining blockchain technology with the idea of fitness was the initial foundation for its popularity. The company has since built on that commitment by launching services and features catering to the user. Even in a country like India where cryptocurrency regulations are on the fence right now, BeFaster.fit was gaining steady traction. 

BeFaster.fit has repeatedly stated that the community was its core building block and they would do everything in their power to provide them with a seamless experience. The dedicated Indian Befaster.fit community is also being prepared for the application’s launch and handling the post-release operations. Several Indian users are BFCH  also waiting with bated breath to tread the blockchain ecosystem’s waters.   

Ever since its creation, BeFaster.fit has made it a priority to show users that it was not just another run-of-the-mill decentralized application. The application has gone through multiple testings over the past couple of months so that users can avail the best possible experience from it. Along with the application.

BeFaster.fit also includes the token which now has its own ecosystem and workings. With countries like India starting to adopt healthier lifestyles, it is only a matter of time before applications like Befaster.fit becomes a household name. Befaster.fit CEO Irina Manilitsch had earlier stated that:

“BeFaster.fit rewards people for an active lifestyle. They run and consume. As an investor you earn money directly from this.”

The cryptocurrency ban in India has not yet been confirmed but support for the fight against it is already picking up momentum. Big names in the Indian cryptocurrency ecosystem have made their voices heard about the cons of banning a burgeoning asset. Even if there is a crypto ban, Befaster.fit has assured users that their blockchian marvel would conintue to tick along smoothly. 

Filed Under: Press Release Tagged With: befaster.fit, Cryptocurrency, news

CryptoLocally Community Votes To Add Dogecoin

February 19, 2021 by Akash Anand

As the cryptocurrency market is on a green tear, several organizations are out to make sure users have the best experience online. Popular cryptocurrency exchange, CryptoLocally has listened to the beat and has listed Dogecoin on the platform for users to trade.

The popular peer-to-peer exchange stated that it’s focus on simplicity and security would drive the market forward. According to the company, Dogecoin’s recent market performance was an eye opener for everyone and ignited massive interest across the spectrum. With analysts predicting a meme coin rise, it makes sense to keep an eye on cryptocurrencies like DOGE.

Dogecoin will join a roster of multiple cryptocurrencies on CryptoLocally’s GIVernance ecosystem. This would allow faster integration and seamless use of the cryptolocurrency with its compatriots. Being the first and “truly decentralised P2P exchange”, CryptoLocally also allows it’s GIV token holders to vote on proposed value adding changes on the platform.

An official CryptoLocally release said:

“Token holders can submit projects for listing. The community then votes to approve or reject the proposal. DOGE traders will now be able to take advantage of CryptoLocally’s extensive payment options, allowing them to purchase DOGE using their local currency. On the other hand, current CryptoLocally customers will be able to partake in the current DOGE bull market and join the DOGE community.”

One of Dogecoin’s main attractions is it’s fast blockchain network and negligible transaction fees. This has made it something near and dear to a very niche cryptocurrency community. Some members of the cryptocurrency community have even compared it to Litecoin in terms of trading parameters.
Dogecoin (DOGE)

Celebrities and industry leaders took the liking of DOGE, often sharing memes of the beloved Shiba Inu dog mascot and sending its price to the moon. Among these influencers is no other than the richest man in the world, Elon Musk, whose endearing tweets send crypto bulls into a Dogecoin buying frenzy.

Dogecoin uses Scrypt protocol like Litecoin but has a one-minute block time compared to Litecoin’s two and a half. In other words, Dogecoin offers faster transactions and confirmations. Dogecoin never positioned itself as a payment network like Litecoin, but it seems more than able to compete with Litecoin or any other altcoin for that matter.

Filed Under: News, Press Release Tagged With: Cryptocurrency, cryptolocally, Dogecoin

NYDFS Seeks New Tools To Collect Real-time Financial Data

January 23, 2021 by Chayanika Deka

The New York State Department of Financial Service [NYDFS] has announced additional details of DFS’s first-ever techsprint competition.

The techsprint was first announced last fall, following which the DFS has closely worked with stakeholders from the financial services sector, government, as well as the non-profit/academic sectors in order to set up “actionable and meaningful problem” statements for the event.

Since then more than 100 individuals across 75 organizations have engaged in workshops to provide input on the techsprint’s design.

NYDFS’s new Techsprint: In brief

The main aim of the techsprint in question is to bring about “creative and collaborative” prototyping, hence moving toward what the NYDFS describes to be a “smarter regulatory reporting” in cryptocurrency. The Department further intends to use an “intensive, time-bound approach”, to analyze ways to facilitate regulatory reporting via technology and more effectively oversee regulated entities and track the larger ecosystem. 

According to the edict, the techsprint is set to be held virtually during the first two weeks of March this year. Moreover, the opening is set to commence on the 1st of March and culminating with ‘Demo Day’ on the 12th of March.

The NYDFS has also invited regulators, industry professionals from both regulated and unregulated firms, academics, subject matter experts, and design, communications, and technology professionals to register their interest in participating by the 26th of January.

The two-week competition will be conducted to get better access to data from cryptocurrency firms in real time

Following is a snapshot of few questions that the NYDFS seeks to address:

NYDFS

Superintendent of Financial Services Linda A. Lacewell commented,

“Innovation is happening now and we must work together for consumers and industry to gain from its disruptive nature, especially as we all work to build back better during an ongoing pandemic”

Lacewell further explained that DFS’s first-ever techsprint would essentially provide the Department with an opportunity to become more modern and steer towards groundbreaking supervisory techniques forward, advancing the financial regulator of the “future vision”.

The Superintendent also added,

“We look forward to breaking down silos in this ecosystem and propelling a creative and collaborative problem-solving effort.”

Filed Under: News Tagged With: Cryptocurrency, NYDFS

Bityard Becomes Fan Favorite As Exchange Begins Offering Features On Top of Copy, Margin Trading

January 8, 2021 by Akash Anand

The cryptocurrency market has been on a massive surge over the past couple of days as major tokens breached all-time highs unheard of before. This positive sentiment acted as the perfect playing field for a lot of cryptocurrencies to onboard more long-term customers.

Bityard, the Singapore based cryptocurrency exchange was one of the few early players who accounted for the needs of the customer. By launching features such as margin trading and copy trading, the exchange captured the attention of the ecosystem while Bityard users applauded its versatility.

Bityard made a name for itself when its officials assured its users that all traders, veterans or newbies, will be treated to the same features. The exchange received a boost when it launched its copy trading feature which allowed uninitiated users to follow the trading patterns of experienced professionals. The copy trading feature was launched on the back of its demo trading addition which garnered praise from the ecosystem.

Using the demo trading feature, customers can practice a trade without investing any money of their own. To ensure that customers had a seamless experience, Bityard allocated a whopping 100,000 USDT for the demo. What makes the experiment even more successful was the fact that users could test out demo trading for just $5.

The other Bityard feature that stood out was copy trading, where freshers could copy the trade patterns of experienced professionals and reap the rewards. An official release had stated:

“On Bityard, when a user starts copying an advanced trader, there is no more action needed to take for the user afterwards. The trader who is copied will conduct an in-depth crypto investment strategy and start trading for all other users who copy the trader.” https://www.tronweekly.com/bityard-doubles-down-on-copy-trading/

Bityard has also launched several promotional events that give customers a chance to win large prizes. The exchange’s Welcome Bonus included a $258 USDT prize where $4 USDT could be earned simply by changing the username. Apart from bonuses, Bityard also offers free mining which is considered an essential addition to the platform. The organization also conducted a surprise contest where customers were asked to predict when Bitcoin would breach the $20,000 mark.

Apart from the aforementioned features, one of Bityard’s most attractive features was its focus on privacy and regulations. The exchange has licenses from four different regulators from the United States, Singapore, Estonia, and Australia. In less than a year since its launch, Bityard has made waves in the cryptocurrency ecosystem unparalleled anywhere. With a packed roadmap and its sights set on further developments, Bityard is surely out to make the digital asset world a better and more streamlined place.

Filed Under: Press Release Tagged With: bityard, Blockchain, Cryptocurrency, news

BeFaster.fit’s BFHT Trading Event Kicks Off On LATOKEN As Ecosystem Gushes In Joy

January 4, 2021 by Akash Anand

The current cryptocurrency bull run has brought fresh blood into the ecosystem with developments going on in full swing. In the midst of the price surges, established cryptocurrency organizations like BeFaster.fit was taking full advantage of the momentum.

As 2021 dawned across the world, BeFaster.fit announced details of the native Holder Token trading competition. The BFHT Token contest is set to bring in more customers into the BeFaster.fit roster while being conducted on the trading platform, LATOKEN. 

Reports from BeFaster.fit revealed that the BFHT trading competition will go on from its start date of December 31, 2020, to January 21st, 2021. BeFaster.fit had garnered a lot of attention during last year’s lockdown period when the internet was flush with news about its focus on fitness.

Upon launch, the BFHT token had stirred the cryptocurrency pot as several major players took notice. The special investor token determines the number of tokens ” held in relation to the total token supply”. One of the best parts of the token is that it can be recorded in the blockchain and tracked in the wallet. 

Participants will be required to trade a minimum amount of 5 BFHT tokens during the contest on LATOKEN’s account to become eligible for the contest. Once the competition commences, the Top 10 winners will get a share of a whopping 1000 BFHT token. According to BeFaster.fit and LATOKEN, the token trading volume is calculated as the sum of the number of buys and the number of sells. 

United States citizens would need to wait a bit longer to take part in the contest with plans to launch still being in the discussion stage. Winners of the contest are set to be ranked according to each eligible user’s trading volume. To claim their rewards, winners will have to pass LATOKEN’s native Know-Your-Customer process. This step was taken to ensure total safety and security during the contest.

The Twitterverse has been abuzz about the competition over the past couple of days and officials expect the positive sentiment to only rise. BeFaster.fit executives had earlier stated that the native application will be ready to launch soon, with the latest competition acting as a springboard. Once the BeFaster.fit application is out for public access, customers will be able to take their workout on the decentralized network to the next level.  

Filed Under: Tron Tokens, News Tagged With: befaster.fit, bfht, Cryptocurrency, latoken, news, trading event, TRON (TRX)

Japan geared up to launch native CBDC as it takes cues from steps taken by China

January 1, 2021 by Akash Anand

The concept of cryptocurrencies started as a nascent idea but has now spread into a global phenomenon. It is not just the mainstream cryptocurrencies like Bitcoin and Ethereuym that are doing the rounds but rather centralized cryptocurrencies launched by state governments.

China was the first country to take centrally backed cryptocurrencies seriously, especially with the creation of the digital renminbi. Looking at the steps taken by the red dragon, other countries such as Japan were coming to the forefront to voice their contributions using Central Bank Digital Currencies [CBDCs].  

CDBCs are generally used for cashless payments through a smart device such as a mobile phone or tablet. The main intention of a digital currency is to eliminate the overheads and wastage related to physical fiat currency. Former Bank of Japan officials stated that China’s efforts in the ecosystem inspired other regions to follow suit.

The People’s Bank of China has been the pioneer in terms of building a digital trading ecosystem with officials also responsible for releasing coherent updates. Hiromi Yamaoka, an ex-official at the Bank of Japan commented:

“China has prompted moves toward digital currency (around the world). t (has done so at) surprising speed, as central banks tend to take a cautious stance. The design of a CBDC is very tricky and delicate. In advanced countries, a CBDC could conflict with existing payment and banking systems.”

Banking officials in Japan were confident that introducing native digital currencies in a major way would only uplift the financial situation of the country. The proposed method is to give the Japanese population a trading limit access of 50,000 yen per person. This would result in a total trading volume of 5 trillion yen, a figure that would account for just 5 percent of the total Japanese capital circulation.

Digital Currency Forum, a popular advocate of digital currencies in Japan revealed that there were plans to create “some form” of digital currency by 2023. Banking officials were of the opinion that if Japan does not launch a CBDC soon, it may lag behind other major countries in the race towards a streamlined digital economy.

Filed Under: Industry, News Tagged With: CBDC, China, Cryptocurrency, Japan, news

Circle CEO Jeremy Allaire Expresses Concern Over STABLE Act, Requests Shackles to be Removed

December 4, 2020 by Akash Anand

The digital assets market has seen several ups and downs over the years with regulations playing a key role in deciding its fate. The past couple of years saw a resurgence of positive sentiments within the industry but that seems to have been reversed by the latest STABLE Act bill.

A breakdown of the bill cited that upcoming issuers of stablecoins need the approvals of relevant banking bodies, the FED and the Federal Deposit Insurance Corporation [FDIC]. This act was seen as a violation of major cryptocurrency principles with Circle chief Executive Jeremy Allaire making his disagreement public on Twitter.

1/8 The STABLE Act would represent a huge step backwards for digital currency innovation in the United States, limiting the accelerating progress of both the blockchain and fintech industry.

— Jeremy Allaire (@jerallaire) December 2, 2020

Allaire was not the only major player in the industry to voice his concern as he joined several other bigwigs to call out the hypocrisy on the part of the United States Congress. He believed that the Stablecoin Act would represent a huge step back for digital innovation in the United States. Many crypto supporters have always pointed out that regulations in the US were a major reason for the stifling of developments.

The Circle CEO targetted the decision for its impact on several major developments made over the years. Instead of affecting what we have built, Congress should focus on elevating these standards so that everyone can use it, said Allaire. He also expressed his concern in his latest Twitter thread which read:

” Any act of Congress in this sphere should be focused on embracing, investing in and supporting the incredible pace of open innovation that is happening with stablecoins and blockchain infrastructure. An enormous amount of the innovation brought to the underbanked and small businesses has been driven by non-bank fintech companies (Stripe, Square, PayPal, Circle, Coinbase, Apple, Google and many many others).”

Several cryptocurrency enthusiasts chimed in by saying that the role of the Fed should be to point out irregularities and not to put a stop to innovation. Allaire built on this argument and gave his two cents on what the governmental body can do in the coming months. In his words, the US government should look at how they can raise the bar for technical and governance standards for stablecoins in the mainland.

Despite the backlash from the cryptocurrency community, the bill introduced by Michigan Democrat Rashida Tlaib was praised by her peers. She was also joined by the Congressmen Jesus Garcia and Stephen Lynch for the initial draft and introduction. It is yet to be seen if the Act would be converted into a bill, an event dreaded by the cryptocurrency community.

Filed Under: Fintech Tagged With: Circle, congress, Cryptocurrency, jeremy allaire, news, STABLE act

Tron Europe Back With a Bang as Company Launches Native Website, More Developments to Follow Soon

November 30, 2020 by Akash Anand

The cryptocurrency market has been flooded with new organizations claiming to provide the best service that caters to user needs. This influx of developments can, in part, be owed to the latest bull run that catapulted cryptocurrency prices to new levels.

Tron Europe, one of the earliest members of the TRX ecosystem made news with updates to an already fledging network. Building on their reputation of routine growth, Tron Europe has decided to launch its native website to give users a better idea of their vision.

The new website of Tron Europe lists all the achievements of the company with a complete breakdown of what is to come. Starting with the company’s Roadmap, Tron Europe assured its users that multiple updates were in the pipeline. Early 2021 is expected to bring a plethora of changes with the first project set to go live in the first quarter.

While Tron Europe has its hands full with the network updates, its native token was doing some heavy lifting too. The analysis shows that the TERC token price tangs from 0.42 TRX to 1.34 TRX with a 100 percent return on investments. According to the roadmap, Tron Europe will start the second cycle of developments by the end of 2021. This new phase will include revamped products coupled with the total expansion of the trading system.

Tron Europe first became popular for being one of the few over-performing Super Representatives with their own limited coin. Users in the Tron ecosystem popularized the platform and the token because of its gripping distribution and rewards systems. The community went further and enabled the rise of conversation around decentralized assets. The Tron Europe community leans towards a couple of cryptocurrencies on their roster which includes: Tercium Force, Lord, Magister, Noble, and Knight.

The TE website further talked about applications such as BeFaster, the organization’s soon-to-arrive fitness application. Initial reports revealed details on the earn while you exercise concept as the organization focussed on the needs of the growing user base. Features such as the TE website makes it easier for new entrants to get into the decentralized market. As time passes, the company has promised a more feature-laden trading environment for all members alike.

Filed Under: Tron Tokens, News Tagged With: Cryptocurrency, news, TERC, TRON (TRX), tron europe

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