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Bear Market Periods Provide an Excellent Entry Opportunity for Crypto Latecomers

When Bitcoin was trading above $60,000 in October and November 2021, it was making headlines all around the world and in all types of media. Nevertheless, many people who were first exposed to Bitcoin and crypto at that time were turned away from investing by thinking that they are far too late to hop on the crypto train. While it is completely possible that today’s Bitcoin holders will never see such high gains as those enjoyed by the super early adopters between 2009 and 2011 when BTC started from literally $0, investing in crypto can still generate a nice profit.

In this article, we will cover the famous “buy the dip” strategy and review all major Bitcoin price dips since its creation. Since identifying a dip and its bottom is far from being simple, we will also present an alternative entry strategy for those who wish to minimize the effect of market volatility.

Should You Buy the Dip?

For example, at the time of writing, BTC is trading at less than one-third of its ATH, which is why the bear market represents a unique buying opportunity for everyone but especially for those who thought that they were too late when BTC was changing hands at a price above $50,000 per coin.

Bitcoin and other cryptos typically appear in mainstream media when the prices are surging, when in reality, these are usually the worse time to enter the market as it is often already hyperinflated. Even the famous American investor, Warren Buffett, pointed out that the most appropriate time to buy is when others are selling in his trading tip: “Be fearful when others are greedy, and greedy when others are fearful.”

To conclude, if you would like to follow the age-old traders’ strategy “buy low and sell high,” you actually have to buy the dip (may it be a minor or a major one). So, the question “Should I buy the dip?” is a real no-brainer – the answer is “absolutely yes!”.

How to Identify a Dip?

In crypto slang, we use the word “dip” to describe a period when a cryptocurrency experiences a price decline. On price charts, dips appear as prolonged periods of negative price movement, also referred to as “valleys”. Therefore, buying the dip stands for the process of buying an asset after it has declined in value. As you can see, identifying a dip isn’t that hard. The real problem is correctly identifying a dip’s bottom, as no one wants to buy an asset whose price will drop further soon after the purchase. At the same time, no one really knows how the market will play out in the future.

Historical Bitcoin Price Data and Bitcoin’s 4 Big Dips

In the following chapter, we will focus on Bitcoin’s 4 biggest price dips since it came to life in 2009. While mainstream media has almost every time written Bitcoin off as “dead”, BTC not only survived the harsh bear markets, but its price has always risen to new heights. Knowing how the market has played out in the past can prove to be very helpful in predicting the bottoms of the dips that have yet to come. Historically speaking, the most important trendline is the 200-week simple moving average – every time the price of BTC dropped below the SMA line or even touched it, things went south pretty quickly.

1. June 2011 – November 2011: First major BTC bear market (-93%)

The first significant BTC bear market took place in 2011 when the price dropped from $32 in June 2011 to only $2.2 in November 2011. The BTC sell-off and consequent price downtrend were caused by the hack of the largest crypto exchange at that time – the Mt.Gox exchange.

While the situation looked grim at that time, and BTC was not an established digital asset yet, many believed that this could be the end of Bitcoin’s story. And how has buying this dip played out so far? A hypothetical investor who bought BTC at this dip’s bottom and kept it until today would score an ROI of over 1,000,000%.

2. November 2013 – January 2015: Second major BTC bear market (-84%)

The second bear market was more prolonged as it took BTC over one year to find the cycle’s bottom. Despite the fact that the world’s largest cryptocurrency was already gaining momentum at that time, its price dropped from $1,100 in November 2013 to less than $180 in January 2015.

This time around, there were several bear market triggers. For starters, Bitcoin started getting associated with illicit activities as the FBI shut down the illegal goods and services platform Silkroad in October 2013. In addition, the notorious Mt.Gox became the target of another hack, causing more than 850k BTC to disappear from the exchange’s wallets resulting in the bankruptcy of the exchange.

In addition, it was at that time that China’s central bank barred financial institutions from handling Bitcoin transactions, causing newspapers and online outlets to write about “China’s Bitcoin ban” for the first time. Several market observers also believe that November 2013 was the first time that the “stupid” money started flowing into the crypto space as mainstream media reported about BTC hitting the $1000 mark. As a result, the price ballooned too quickly. Buying at the bottom of this dip would bring you a 12,300% ROI today.

3. December 2017 – November 2018: Third major BTC bear market (-84%)

Another longer bear market period that brought the price of BTC down by 84% took place between December 2017 and November 2018. In that time frame, the price dropped from $20,000 to a cycle low of $3,200. The third bear market was caused by traditional financial institutions spreading FUD in the crypto space. As several national banks and regulators started cracking on cryptocurrencies, the U.S. SEC was rejecting one BTC spot ETF application after another (this process is still ongoing).

In addition, the Tether FUD started spreading like fire around that time. The collapse of USDT, which was and still is the most used stablecoin, would have catastrophic repercussions, which many of the investors feared. Those that defeated the inner fear and bought at the bottom in November 2018 could have a 600% ROI by selling today.

November 2021 – Still ongoing: Current bear market, (-74% change to the current lowest price point)

The current bear market began after BTC reached an ATH price of $68,700 in November 2021. Currently, the low point of this bear cycle has been $17,700 in June 2022, but there is no guarantee that we won’t see an even lower BTC price in this cycle. The bear market began with the sell-off in the hyper-inflated market conditions but gained additional momentum because of the COVID-19 pandemic and the stagflation fears.

Lately, the war in Ukraine and high inflation causes central banks to raise interest rates, and therefore reducing liquidity for markets like crypto have been prolonging the downtrend. The collapse of the Terra (Luna) ecosystem and the bankruptcy of several crypto companies such as Celsius, 3AC, and others have pushed the crypto sector into a vicious cycle – making the situation even worse by dragging the prices further down.

BTC price in the last 3 years – red arrow represents the downtrend of the latest (still ongoing) bear market. Image source: KuCoin

Future BTC Price Prediction

Several technical analyses have projected that the bottom of this bear market will be found somewhere between 10,000 and $20,000. Judging by the average length of a bear market period, we are very likely not out of the bearish kingdom yet, which means BTC could dip even lower than $17,700.

Whatever the case, technical analysts are almost united in the claims that BTC will reach $100k in the next 2-3 years, after the next halving event (estimated to take place in June 2024). If these predictions materialize, someone buying at today’s prices could multiply his investment by almost 5x or even up to 10x if BTC plunges further towards the $10,000 mark.

Given the fact that BTC bounced back to a new ATH every cycle, the accumulation of BTC could be among the most lucrative investment decision to make right now – at least when looking at it from a historical standpoint.

The alternative is to buy altcoins. However, most altcoins are known to weather the storm of negative market activity worse than BTC. Nevertheless, buying established altcoins such as smart contract coins like Ethereum (ETH) and Polkadot (DOT) or exchange tokens like KuCoin Token (KCS) could be a good idea once the bottom is confirmed and the trend is reversed as they often outperform BTC in the bull market.

DCA bot: An alternative to trying to time the market

As you can see, the bear market represents a unique buying opportunity. But if you are not an experienced and active trader, it can be very hard to determine the exact bottom of the dip. In fact, while many market analysts won’t tell you or even admit it to themselves, no one can pinpoint the exact top and bottom unless they are manipulating the market.

This is where the dollar-cost averaging (DCA) investment strategy comes in. DCA essentially means that you are buying a certain asset on the same day each period (most commonly the same day of the week or month). In addition, you also invest the same amount of money every time.

Following the DCA strategy eliminates the short-term market volatility and is perfect for assets that are expected to rise in the long run. While dollar-cost averaging is suitable for any market condition, it makes the most sense in a bearish market, when you are getting the desired cryptocurrency at a discounted price. To simplify the strategy and eliminate the need for a periodical placing of market trade orders, several tools, such as the KuCoin trading bot, were created.

Create KuCoin Account

If you wish to buy crypto for the first time, you can register an account with KuCoin by clicking on the button above. If you stumble on a problem and need help, we’ve got you covered with our How-to-Guide on buying Bitcoin. Make sure to check our other How-to-Guides for more useful step-by-step guides. While they are written for beginners, even more advanced traders can find some useful tips and tricks.

July 25, 2022
How to Buy NFTs on Binance

Looking for a place to trade cryptocurrencies? Different exchanges are tailormade to suit different types of traders. Some are so simple that adept trailers will find them unusable, while some are too technical that new investors will see clueless.

Binance is one of the few exchanges that has gotten the balance between the two types of traders. Its user interface is simple, yet it contains enough technical tools for adept traders. This is why it is the largest exchange in the world by daily volume. It is also the best exchange in the world by several other metrics. Its latest offering is a non-fungible token (NFT) marketplace, and it has transferred the excellence in spot and derivatives trading to its NFT platform. The question we see to answer in this piece is “How can you buy NFTs from Binance?” What other things do you need to know?

New ways to purchase NFTs

Binance NFT is one of the best places for buying, trading, biding, collecting, and minting digital collectibles. It leverages the exchange’s robust blockchain infrastructure and large user base to explore the other arm of blockchain technology; digitization and record keeping of art and various types of unique digital items.

Explore the Binance NFT Marketplace

Here is a comprehensive step-by-step guide to buying NFTs on the Binance platform.

Use the fixed price or bid in the NFT auction.

There are two primary ways of obtaining NFTs on Binance. The first one includes paying a fixed price on a listed NFT and acquiring ownership of the digital collectible in that way. The second one allows you to participate in the auction process, which offers the upside of potentially spending less money on the NFT.

We’ll examine the NFT buying process in the following steps.

Step 1

Open the Binance NFT marketplace.

Step 2

Click on the search icon at the top of the page to look for any creator or project of your choice.

Step 3

On the creator’s page, click on collected to toggle between “Created”, “Collected”, and “Favorites”.

Step 4

To buy from a collection, click on the collection and scroll through the listed tokens.

Step 5

If you have seen one you like, you can make an offer for it. After the auction period, your token will be sent to your wallet if your bid is successful. If your bid is unsuccessful, your crypto will be sent back to you.

Mystery Box

In general, Mistery Boxes allow users to purchase NFT items from a particular collection, albeit not knowing exactly which item they are going to receive. Mystery Box can include a rare and expensive item, or a common and subsequently less valuable digital collectible. In this sense, Mistery Box is a perfect choice for users that enjoy an element of luck and surprise when buying NFTs.

There are a few times that a Mystery box is put up for sale. In these cases, you can buy through auctions or direct purchases. You can also reach out to a seller if you want a particular mystery box that is not listed.

What are the differences between Standard and Premier NFT collections?

While buying an NFT on Binance, it is important to know that there are two categories. The first is called the standard collection, which refers to collections not verified by the Binance NFT marketplace. The Premier Collection, the other type, is verified as legitimate by Binance.

How do you know the difference between these two categories? Simple! The premier collections have an orange swish mark beside the collection names. The standard ones, on the other hand, do not have this mark.

Using Binance filters to explore the NFT marketplace

With the boom in NFTs, you may find it difficult to get a list of NFT collection options which you can choose from. Before you get to that stage, you can click on ”Marketplace”. Here you will see several filters which you can use to gauge your buying choices. There are leaderboards on sales, volumes, creators, and top collections.

The “Filters” tab provides access to extra sorting features.

Even with these, you can still assess the value of the project you want to buy using the floor price, volume, and the last price sold. We’ll dive into the importance of various NFT market metrics in the following section.

Why analyzing NFT metrics is important

If you see any collection you are interested in buying and already trust the team behind it, here are some quantitative things you need to know while analyzing them. This method of analyzing looks more into pricing and quantity.

Apart from these, you can also use other qualitative methods to evaluate projects. Let’s examine the quantitative analysis methods.

Floor price

Like in buildings, the floor price refers to the lowest price the tokens in a collection can sell for. It is widely used to know the entry cost for a collection.

The floor price is a fundamental way to gauge the supply and demand for a project. When the supply exceeds the demand, the floor price will reduce when the supply exceeds the demand. When the demand is higher, the floor price will be raised.

When you buy any token in a collection, the goal is for the floor price to increase; only then can you make a profit off your investments.

A good tip in buying NFTs is to look for a project that, to a large extent, balances value and accessibility. They might be expensive for smaller traders to own, but if you can have one, you’re good to go.

Estimated market cap

You might wonder what’s the combined value of digital collectibles belonging to a particular NFT collection. If that’s the case, you can get the rough market cap estimate by multiplying the trading price for the last 7 days by the total supply.

Supply

The NFT Supply talks about the pieces of NFT in the collection. The supply is fixed and is usually known before the collection is launched.

Primarily, the supply affects the value of a collection. When a collection has a low number of tokens, it is seen as more valuable due to its scarce nature and rarity. The opposite applies to a token with a high supply. More often than now, it tends to have a lower market value.

Sales

Out of the tokens in a collection that has been minted, how many have been sold? This metric will help understand the past and present interest in the project.

An NFT project with more recent sales is a good sign. This shows that there is increasing interest in the project. However, often, the reverse is the case. When the recent sales are high, but the sales are below the floor price or is a sign that people are exiting the project due to panic selling or dwindling interests.

Rarity

The attributes and properties that an NFT possesses within a specific collection impact its rarity. This information can also indicate how difficult it is to obtain a particular NFT.

With the rarity rank, you can ascertain an NFT’s value in the collection.

Buyers are typically more attracted to rare NFTs, which in turn often generate more trading volume and buyer interest. Rare items can also offer extra perks, like better items in play-to-earn games, and other real-life benefits.

Trading volume

The volume refers to the demand for the collection. Better-known projects tend to have higher demands and trading volume.

Volume does not look at the social media hype. Rather, it shows people’s buying interest in a project. For a project’s volume to be high, it means people are buying and selling.

The volume also shows the liquidity of the market. A more liquid market has more volume, meaning when you buy, there is a higher chance of having a ready buyer when you’re interested in selling. Easy entry; easy exit.

Ceiling Price

The ceiling price is the opposite of the floor price. While the latter looks at the lowest price for an NFT, the ceiling price is the highest price an NFT in the collection was sold for.

It is not advisable to buy the top (ceiling price), but often, it is a high-risk, high-reward strategy.

The most expensive tokens usually have the rarest traits. If you want to spend so much on an NFT ceiling, you would generally make money if the project succeeds. If it turns out otherwise, you can lose the most on the project.

Provenance

Since NFTs are transparent in nature, you can see the history of previous owners and trace it back to the creator.

The legitimacy of an NFT is seen in its provenance. You can see the changes in ownership and trace the token back to the owner. Also, you can see how much was spent to acquire the token throughout its existence.

Smart Contract

Without a smart contract. It is practically impossible to sell an NFT. Why? Smart contracts can be thought of as blockchain-embedded software. They make it possible to mint, buy and sell an NFT and even generate passive income through royalties, all without the help of an intermediary.

With a smart contract, the records of the NFT from inception are secure and Immutable.

The copyright to the NFT still remains with the creator, no matter what purchaser has it. The only exception to this is if it is written in the smart contract.

An advantage of Binance NFT is that you can quickly check up on the NFT, the wallets attached, and the smart contracts. Moreover, you can get linked to the Binance scan (BSCscan) when you click on the contact address on an NFT. This will help you validate the collection’s authenticity and check for the latest collections.

The bottom line

Binance NFT is one of the more feature-rich digital collectible marketplaces in the sector. Beyond numerous features and a vast catalog of listed NFTs, the marketplace features a streamlined interface and access to various trading metrics that can help you assess the value of NFTs and identify potentially lucrative investment opportunities.

In a bid to grow the adoption of NFTs, Binance is offering a unique way of appreciating users who completed their KYC. Starting with July 1, 2022, users who successfully complete KYC receive a special NFT as a reward. The holders can use the NFTs to claim rewards on the ecosystem. They can be claimed within 2 weeks after registration and completion of identity verification.

Hopefully, this article managed to answer the question of how to buy NFTs on Binance and aid you in some capacity on your NFT collecting and trading journey.

July 25, 2022
Private Crypto Wallet Accredited to Accept New Users in Midst of Utility Token Rollout
Zug, Switzerland, 22nd July, 2022, Chainwire

Accredited Finance, the cost-effective Web 3 solution for digital asset management, is accepting new sign-ups for its uniquely tailored TradFi-to-DeFi digital asset custodian as a way to expand its platform during its ecosystem token launch.

The ethos of the Accredited “wallet” is simple: to unlock defi for all by onboarding the traditionally informed individual or enterprise into the expansive world of crypto in a seamless and elegant manner. In joining the platform, users will gain access to tools and insight that will help them navigate the world of DeFi without ever having to leave the app. Users will notice that interfacing with the mobile app feels more like a digital banking app than a crypto wallet, to accommodate this jump from the old world of traditional finance to the new paradigm of DeFi.

The Accredited Finance mobile app was previously only available to a select user base sourced through a venture capital network, with today marking the first instance in which the ecosystem truly embraces its mission of “Defi For All” and becomes available to the general public.

Aside from the Accredited Wallet, the Accredited Finance crew also offers bespoke solutions for enterprises wanting to further mobilize their liquidity. By designing and implementing Web3 financial vehicles within a compliance-neutral framework, enterprises can manage their specially tailored financial tools from within the app. Accredited is set to onboard several more enterprises into the ecosystem later this year.

To encourage the expansion of the ecosystem and to help further expose users to DeFi, Accredited Finance is introducing its native utility token, ACRDT, to help flesh out its DeFi ecosystem. Said token is set to be available for public presale by July 25th and will remain on sale until mid-August. Users can access the token sale through the native Accredited Finance mobile application or through its web dashboard at accredited.finance.

The ACRDT token presale has thus far been privately led by boutique venture capital firm Atomind, which has raised nearly one million dollars in its closed funding round. Upon its launch, ACRDT will unlock even more DeFi capabilities for users within the Accredited Finance ecosystem.

“We wanted to create an ecosystem for traditionally-minded investors to safely participate in decentralized finance within a framework that is reminiscent of traditional financial applications,” said Accredited Finance CEO Paige Horinek. “Our community has grown to over 500 active users in less than a year. The addition of the Accredited utility token to the ecosystem will further advance our overall vision of creating a bridge between the old world of traditional finance and the new exciting world of DeFi in a compliant and cautious manner. We are excited about this next step in growing our community and user-base, which is now being bolstered through a native utility token.”

About Accredited Finance

Accredited Digital Asset Custodian is a web3 solution for onboarding traditionally minded financial investors onto Decentralized Financial Vehicles. Accredited comes with compliance-ready solutions for businesses wanting to introduce a distributed ledger vertical to their model through tokenization.

For more information visit https://www.accredited.finance

Contacts
- Paige Horinek
- Accredited Finance
- media@accredited.finance
July 25, 2022
MyFunding.Network: All About Earning Profits with the BNB Chain Based Trading Bot Pool
In the constantly developing world of cryptocurrencies and blockchain technology, automated trading first emerged as another trend. Many people were, however, dubious despite the promises made by this new sector, and they had every reason to be!

Fortunately, automatic trading has demonstrated through time that it does actually have enough value to go beyond being simply another hype in a long line of many. This innovation is enduring, as seen by its continued appeal.

This has been accomplished because of its undeniable advantages for both beginning and seasoned traders, as well as ongoing advancements in the industry.

MyFunding.Network is a new dApp created to provide users with an outstanding ROI of 1.5 percent daily and an outstanding APY of 547 percent on their investments.

Your escape is the dApp, which may help you create a reliable passive income stream with excellent returns on your investments. If you invest $1,000 in the dApp in the form of BNB, you will receive a daily income of $15 based on the daily ROI guarantee of 1.5 percent.

MyFunding.Network in a nutshell

MyFunding.Network is a cryptocurrency trading bot driven by artificial intelligence and built on smart contracts. The dapp, which launched on June 1st of this year, has already crossed 500 BNB (almost 134,000 USD) and is rapidly growing.

MyFunding.Network appears to be a straightforward decentralized program that engages in sophisticated trading and generates substantial profits for its customers using next-generation technical analysis. However, much more crucial are its essential functions.

This dApp was developed by a blockchain development team known for their very successful projects and was built on the Binance Smart Chain. It is immediately obvious after using this dApp that the team put their passion for simple, straightforward innovation to excellent use.

And perhaps this factor contributes just as much to the success of the dApp as any other.

Why we keep eyes on MyFunding.Network?

MyFunding.Network offers a variety of services. First and foremost, users may earn a steady passive income. On deposits to MyFunding.Network, investors may earn a daily ROI of 1.5 percent.

MyFunding.Network uses a variety of sophisticated trading tactics shared by seasoned traders. A cutting-edge artificial intelligence bot that continuously executes trades to generate substantial gains for its customers has all of these tactics built into it.

Even though this in and of itself is alluring, the platform’s sustained success also has other significant aspects to credit.

One of them are the simple processes for deposits and withdrawals. Users may simply deposit money and smoothly link their wallets to MyFunding.Network interface using a Metamask or Trust Wallet installed on their computers. The same is also possible for mobile users using any of 115 different wallets.

The main thing to remember is that there is no minimum deposit requirement, so the user doesn’t need to be concerned about that either. As soon as users make even the smallest investment, they may start seeing a return on their money.

Last but not least, there is the prospect of large earnings. Since its establishment, MyFunding.Network has grown substantially, and it aspires to be one of the most successful automated trading bot pools in the BSC. For a 30-day deposit, users may anticipate a passive income yield of 547 percent APY.

Here’s how you can be a part of MyFunding.Network

The program is simple to learn and use. Users must first install and configure a non-custodial wallet that is compatible with the BNB Chain (BSC). They should next link their BNB wallet to MyFunding.Network.

Users should then input the appropriate BNB value and click “Deposit” to transfer the tokens to MyFunding.Network.

MyFunding.Network also has a five-tier referral scheme. This is true for commissions up to 11.5 percent. A referral link is generated for every user who invests in a smart contract. Users who refer others to this link will win extra incentives for each deposit made by their referrals.

In addition, there are 5 tiers to the referral program:
- Level 1: 5% referral rewards
- Level 2: 3% referral rewards
- Level 3: 2% referral rewards
- Level 4: 1% referral rewards
- Level 5: 0.5% referral rewards
For more updates, join our Telegram.

Wrapping Up

A human trader has a set limit on how much information they can process, but a cryptocurrency trading bot manages the majority of information to help you make the best trades. It is also more effective and available constantly.

The AI trading bot from MyFunding.Network provides various advantages to novice traders. MyFunding.Network is a trustworthy dapp with enormous potential. Crypto traders, on the other hand, will be interested to see if MyFunding.Network can deliver on its claims given the market’s present state.
July 23, 2022
PrimeXBT Review 2022: What’s New, Features, Updates, & More

PrimeXBT is an elite margin trading platform born during the last bear market that gained quick fame and popularity due to offering leveraged short and long positions. It is 2022 and crypto winter is back.

Therefore we wanted to revisit PrimeXBT to understand how much the award-winning margin trading platform has advanced over the years. In this review, we’ll outline what’s new, what has been updated since, and much more.

About PrimeXBT

PrimeXBT is an all-in-one solution for traders offering access to crypto, commodities, stock indices, and forex currencies under one roof alongside several cryptocurrency-based products and services. Margin accounts can be funded in a variety of digital assets including BTC, ETH, USDT, USDC, and COV.

More than 100 different trading instruments let traders build a portfolio that can withstand any market conditions, providing unrivaled flexibility and control over positions. Users get free access to a native smartphone app for Android and iOS devices that let them manage those portfolios and positions while on the go — there is no longer a need to be tethered to a trading desk to access world class trading tools.

The growing list of assets and launch of the app are just two updates in recent months. What grew from a small list of cryptocurrencies has expanded into traditional assets and more recently, many new altcoins were added from categories like GameFi, Metaverse, DeFi, and meme coins. The app is also constantly updated to reflect whatever is new using the browser-based experience.

Covesting Ecosystem

The biggest new addition since the last bear market is no doubt the Covesting copy trading platform. A B2B partnership led to the launch of the tool on PrimeXBT and the rest is now history. The Covesting copy trading module is a pioneer in the crypto space for copy trading. Other companies have also tried to mimic the winning formula but have ultimately failed to replicate the same success. The magic is in the peer-to-peer copy trading community itself, which is filled with high performing strategy managers that can be followed to automatically copy the strategy manager’s trades.

Strategy managers are required to have their performance tracked within the fully transparent Covesting leaderboards, which gives followers all the insight they need to pick and choose the right accounts to follow. Followers can opt to follow several different strategies at any given time to build a diverse portfolio of top performing traders. Past strategy managers have earned up to 90,000% ROI.

The Covesting ecosystem has also since grown on PrimeXBT to include APY-generating yield accounts, COV token memberships, and is prominently featured in the mobile app. COV token memberships activate benefits such as up to a 2x APY boost in yield accounts, up to a 20% trading fee discount, increased followings, and more.

What’s New: Trading Academy, Contests, And Buy Crypto

The PrimeXBT Trading Academy educational website is a new development that teaches novice traders the ropes and enhances the foundation for pros, thanks to video tips on how to start trading designed exclusively by expert trader Dirk Hartig.

Users can put these strategies to the test or backtest technical indicators using PrimeXBT Contests. Contests introduces weekly trading competitions that users can enter for a chance to win impressive crypto prizes. All competitions take place using risk free virtual funds so no capital is ever at stake, but you could potentially win some if your skills are good enough.

Popular digital assets can also be purchased on PrimeXBT in just a few clicks — another new feature. Cryptocurrencies can also be exchanged from one type to another.

PrimeXBT 2022 Review Summary

Even with all of the above we are still barely scratching the surface of what’s available in the full suite of advanced trading tools offered by the award-winning PrimeXBT.

There is 24/7 customer support chat, bank grade infrastructure, a four level referral program, and much more. If you haven’t checked out PrimeXBT since the last crypto winter, with crypto winter here again, and so much innovation has occurred on the platform, it’s once again time to try PrimeXBT.

July 23, 2022
Former Coinbase Product Manager Charged in First-Ever Crypto Insider Trading Scheme
Key takeaways:
- Ishan Wahi, a former product manager at Coinbase, has been charged with running an insider trading scheme
- Wahi used confidential asset listing information to tip his brother and friend about upcoming token listings on Coinbase
- The trio reportedly generated roughly $1.5 million in ill-gotten gains
Coinbase’s former employee Ishan Wahi charged with disclosing confidential asset listing information to his brother and friend

Damian Williams, the United States Attorney for the Southern District of New York, announced on Thursday the unsealing of an indictment charging former Coinbase employee Ishan Wahi of wire fraud and wire fraud conspiracy.

According to the official statement published on the website of the United States Department of Justice (DoJ), Wahi used his access when working at Coinbase to provide confidential information about upcoming digital assets listings to his brother Nikhil, and friend Sameer Ramani.

Wahi gained information via the company’s private messaging channels and tipped either his friend or brother to acquire assets that were about to be listed on Coinbase ahead of the actual listing. It is worth noting that the price of crypto assets that are greenlighted by Coinbase typically surges upon the listing, which is especially the case with smaller market cap coins.

The Attorney’s statement said that the trio used insider knowledge to engage in illegal trades “in at least 25 different crypto assets” and generated gains of roughly $1.5 million.

“Today’s charges are a further reminder that Web3 is not a law-free zone. Just last month, I announced the first-ever insider trading case involving NFTs, and today I announce the first ever insider trading case involving cryptocurrency markets,” said Williams and added that “fraud is fraud,” no matter where it occurs.

An epilogue to April’s suspicious token buys ahead of their Coinbase listings

In April, a Twitter user by the name of “Cobie” found an Ethereum address that bought substantial amounts of tokens 24 hours before they were officially published by the Coinbase Asset Listing post. The statement said that the wallet that bought RADAR, NDX, KROM, and several other tokens that were part of the April listing, in fact, belonged to one of the individuals charged with running the insider trading scheme.

Suspecting him of potential insider trading wrongdoings, Coinbase began an internal investigation into Wahi in April. About a month later, Wahi was asked to attend an in-person meeting by Coinbase’s director of security operations. According to the statement, Wahi confirmed that he would attend the meeting, but he instead tried to flee the United States. He also notified his friend and brother about Coinbase’s internal investigation. Wahi was intercepted by law enforcement before managing to board a plane that was headed to India.

The fast resolution to the case can be seen as a win for blockchain technology and the transaction transparency it enables. Due to the community finding out about suspicious purchases made in April and subsequent public outcry, Wahi and his colleagues will face justice on short notice.
July 22, 2022
NFTuLoan: Leveraging NFTs to access Crypto Credit

The blockchain is revolutionizing entrenched notions of how finance works. Fintech startups cause positive disruption and promote financial inclusion in different ways. NFTuLoan is an innovative platform aiming to further this vision using modern digital assets. The platform has a straightforward operational model: Use your NFTs, including valuable and rare assets like BAYC, virtual land, domain names, and more, as collateral for loans.

For starters, Non-Fungible Tokens (NFTs) are unique digital assets that rely on blockchain encryption for traceability. The ownership of an NFT is recorded on a public blockchain, meaning everyone can verify its authenticity. Besides, each NFT is uniquely encoded, meaning that no two such tokens can be interchangeable. Therefore, it is a great way to track the value, which has made NFTs a popular tool for auctioning digital art and similar collectibles.

Jeremy Dahan currently serves as the CEO of this project. He leads a committed team of technocrats and entrepreneurs with a wealth of experience developing projects from inception to mass introduction to the global stage.

How does NFTuLoan work?

Access to credit is a major global issue. Part of the reason wealthy individuals and corporations perpetuate their existence is easy and cheap credit access. NFTuLoan exists to remedy the liquidity problems that many NFT owners face.

NFTuLoan essentially operates as a peer-to-peer lending pool. To access the loans, users first register on the NFTuLoan website. This process allows them to link an Ethereum wallet, preferably Metamask. Even though the platform is themed on NFTs and loans, not all are acceptable. Unfortunately, the industry is rife with junk NFTs, and the development team has identified around 200 reputable collections.

NFTuLoan automatically gauges each NFT offered as collateral for its value and suggests an appropriate loan. The time limit that the user sets for payment determines interest rates, a factor that also depends on the value of the NFT. Once the terms are set, the borrower gets the equivalent value in ETH sent to their wallets. Ultimately, automation makes the loan fast, transparent, and fair.

However, the platform integrates an external marketplace for borrowers who default on their loans. NFTuLoan will sell the collateral at a 30 percent discount to interested users, payable in ULOAN, the protocol’s native token.

What the project means for DeFi and NFTs

The NFTuLoan is the essence of Fintech. Users can transfer their NFTs and access loans in a frictionless manner. The platform accepts over 200 NFT collections, meaning that the most notable collections will be acceptable. You don’t have to go through the bureaucratic bottlenecks of centralized banks to access vital loans, an advantage offered by DeFi.

Therefore, lenders donate liquidity to the pool in which borrowers use their NFTs as collateral for loans. NFTuLoan relies on an EMV-compatible machine and smart contracts to manage the decentralized pool. This model limits human bias in the determination of loans and interest rates. Accordingly, NFT creators and holders of collectibles, digital land, digital art, and other forms of acceptable collaterals can access loans at ease for growing their projects and portfolios.

The idea of leveraging NFTs to access short-term loans via a P2P pool opens up another horizon for NFTs while drastically boosting their liquidity. Because of the merger of NFTs with DeFi, NFTs are being brought to the fore. They are becoming as dynamic, recognizable, and fluid as physical assets like land, real estate, and physical assets.

July 22, 2022
KuCoin Earn and Rate-up Coupons: Increase your Crypto Earnings with Boosted Interest Rates
Key Takeaways:
- KuCoin is a leading cryptocurrency exchange that offers several passive income earning products under its wealth management platform called KuCoin Earn
- The profitability of KuCoin Earn products can be boosted with Rate-Up Coupons, and KuCoin distributes these coupons to active users from time to time
- Rate-Up Coupons have limits, but they can be used to increase the interest rate on KuCoin Earn products significantly
- It is easy to get, claim, and activate Rate-Up Coupons on KuCoin Earn
We’ve all had our shares of disappointments in the cryptocurrency market. The 2022 bear market is one of the worst ones in history. Nevertheless, core crypto investors are finding ways to earn crypto as passive income and even increase their profits while transacting with digital assets.

Are you looking for ways to boost your passive income from cryptocurrencies? If your answer is yes, then you should consider KuCoin Earn. In a bid to introduce more investment opportunities in the crypto space, KuCoin provides access to Rate-Up Coupons to its users. In this article, we will discuss the key things you need to know about KuCoin Earn and its Rate-Up Coupons, as well as how you can use them to boost profitable investments.

An Overview of KuCoin

KuCoin is a leading cryptocurrency exchange with one of the most comprehensive digital asset buying and selling offerings in the sector. KuCoin was founded in 2013 but started trading operations in 2017. It is headquartered in Seychelles. KuCoin has grown rapidly over the years to earn a spot among the largest cryptocurrency exchanges in terms of features offered, supported coins, and trading volume.

Presently, KuCoin has over 20 million registered users spanning over 200 countries of the world. KuCoin has many distinct features that set it apart from other crypto exchanges.

Here is a list of some of KuCoin’s main attributes:
- KuCoin has easy verification and a Know Your Customer (KYC) process; users can trade using only their names and email addresses, which accord them privacy privileges and the ability to trade anonymously
- KuCoin does not report your trade to the Internal Revenue Service (IRS) or applicable tax offices in your country or region
- KuCoin runs a centralized cryptocurrency exchange that allows you to open up to five accounts – Main, Trading, Margin, Futures, and Financial account – which are domiciled in a centralized platform that is easy to navigate
- KuCoin is insured and thus capable of withstanding prolonged periods of negative market movements and large sudden outflows
- Its spot trade history gives a comprehensive breakdown of all trading activity with prices and fee specifications for each transaction; an added benefit of the spot trade history is that the CSV can be exported or imported to any software
- It is easy to buy and move tokens in and out of the KuCoin platform.
- A wide array of listed tokens for trading – unlike some crypto exchanges that house only a handful of digital coins, KuCoin lists more than 700 digital assets
- KuCoin offers lower trading fees compared to many other crypto exchanges
- Users can earn interest on KuCoin through staking and lending digital assets; earned interests can be used to build a more robust portfolio
- KuCoin Earn serves as a comprehensive wealth management platform with several products, promotions, and exciting Rate-Up Coupons
- KuCoin has advanced trading features such as trading bots and margin trading
- KuCoin offers excellent customer service
KuCoin Earn – A Crypto Wealth Management Platform

KuCoin Earn is a dedicated platform on KuCoin that offers wealth management products and services to users and enables them to generate passive income through a variety of options. On KuCoin Earn, subscribers are provided services that help them to level their risks in the bear market and during the market correction period. This is achieved through the use of additional investment service products such as savings, staking, promotions, and many more. With KuCoin Earn, users are able to earn more income with their digital assets working for them instead of just HODLing.

Create KuCoin Account

Advantages of Using KuCoin Earn

The major advantages of KuCoin Earn include the following:
- Double Earnings: On KuCoin Earn, users can earn through capital gains or from staking. Capital gains accrue profit to a user seamlessly when the price of the assets they are holding goes up in value. Interest from staking and POL mining is another way users can earn on KuCoin Earn.
- High Flexibility: The KuCoin Earn feature on KuCoin affords users a lot of freedom. Users can deposit and withdraw at will. Users can transfer their funds from KuCoin Earn to KuCoin wallets without stress, and the transfers are 100% free.
- Different Saving Products: Users can choose from the different products available such as Promotions, Polkadot, Exchange, and Eth 2.0. Promotions offer a higher interest rate of up to 50%. The products have either fixed or flexible trading options. Under flexible, users are allowed to withdraw their earnings at any time, while the fixed option allows that after a stipulated period of time.
- Multiple Staking Choices: KuCoin offers a variety of products to stake with. Users can stake ATOM, LUNA, LINK, KSM, ANC, MATIC, EOS, VSYS, WAN, and TRX, among others.
Products Used to Earn Income on KuCoin Earn

Users can earn income on KuCoin Earn using the following unique products:
- Savings: Users can deposit digital assets on KuCoin Earn and earn some amount of reward.
- Promotions: Promotions are known to give higher interest rates of up to 50%. It is a specialized service where users are allowed to subscribe to a product using a lesser amount and within a short period of time. Promotions are of two major categories; flexible and fixed. Users are only allowed to retrieve their funds at a pre-determined time in fixed promotions. Flexible promotions allow users to retrieve their funds whenever they feel like it.
- Staking: Users can lock up a portion of their assets for a period of time and earn staking rewards on the platform.
- Polkadot auctions: Users can also earn on KuCoin Earn by staking dot coins and claiming rewards alongside.
- Burning Drop: This is a feature on KuCoin Earn where users can search for coins to transfer and participate in the Pool-X page. The wild card allows users to participate in the pool and earn. Another way whereby users can earn on KuCoin Earn is by staking on Ethereum 2.0
The Benefits of KuCoin Rate-Up Coupons

Rate-up Coupons is an exclusive feature on KuCoin Earn which allows users to increase their interest rates on KuCoin Earn products, thereby helping them to increase profitability in earned passive income. Rate-up Coupons are crypto coupons that basically increase potential profits by allowing users to increase the interest rates on the products that they subscribe to.

With rate-up coupons, users earn additional interest on top of the interest a given product offers on KuCoin Earn. This makes it a win-win situation for users. For instance, if a USDT flexible promotion has an APR of 12% and a user uses a rate-up coupon of 45%, the user will end up earning a combined interest rate of 57%, which is sent to the user’s main account daily.

What You Should Know About the KuCoin Crypto Rate-Up Coupon

The uses and functions of the Rate-up Coupon are guided by 5 distinct parameters:
- Fixed Value Rate: The Rate-up Coupon increases the interest rate of a product based on the value specified on the coupon. This means every coupon does not have the same interest value.
- Expiry Date: The KuCoin crypto Rate-up coupon does not have an infinite validity period; its potency elapses after a period of time. Thus, it has a specified period of time that it can be used from the day it was issued.
- Maximum Interest rate: Each crypto Coupon has a specified rate-Up APR which acts as the highest amount of interest that a single crypto coupon can offer.
- Specified products that it can be used on: Each rate-up coupon has corresponding products that it can be used on. This implies that it cannot be used for every product.
- Limited Boost Period: Rate-up coupons can only boost products for a specified period of time.
Use of Rate-Up Coupon

The KuCoin platform automatically directs users on how to use their coupons after claiming them. Once the Crypto Coupon is earned, a notification comes in the form of a pop-up window that tells the customer which product(s) the coupon can be used on, and the customer can choose based on his preference(s). By clicking the Use Button, the user is directed to the subscription page where the coupon is used or applied.

How to Get Rate-Up Coupons on KuCoin

Rate-Up Coupons are distributed equitably by KuCoin, based on some criteria. There are basically two different ways to get the coupons:

1. General Rate-up Coupons issued periodically: KuCoin gives Rate-up Coupons to users from time to time. You don’t have to do anything special to earn the Coupon, but the more you use the services, the more you get coupons.

2. Use of Claim Codes: Users can obtain Crypto Rate-up Coupons by using claim codes to get them. The codes are distributed through KuCoin’s social media channels on Twitter and Telegram.

How to Redeem a Claim Code

If you get a Claim Code for Rate-Up Coupons accessing the coupon is really easy. Here are the steps to follow:

Step 1

Log in to your KuCoin Account.

Step 2

Navigate to the “KuCoin Earn” page.

Step 3

Click on the “Claim Bonus” button, and you will land on the “Bonus Center” page.

Step 4

Find the field marked “Enter your claim code” and proceed to enter the code.

Step 5

Click the “Claim” button beside the field, and you will get your new Rate-Up Coupon.

How to Level up Your Earn Income with Rate-Up Coupons

Rate-Up Coupons are made to help you increase the potential yield of your KuCoin Earn products. You can use them when subscribing to any of the Earn products. Ideally, the coupon with the highest interest rate increase rate is applied by default when you want to subscribe to any product. However, you can decide to use another coupon.

Remember that some coupons are applicable to one product while some are applicable to multiple products. When a coupon is applicable to one product, you must use it for the product. If, on the other hand, it is applicable to different products, you can choose the product of your choice.

On the KuCoin App or Web browser, users are just a few clicks away from leveling their potential passive income using Rate-up Coupons. To do this, follow the steps below:

Step 1

Log in to your KuCoin Account.

Step 2

Navigate to the “KuCoin Earn” page.

Step 3

Click on the “Claim Bonus” button, and you will land on the “Bonus Center” page.

From the Bonus Center Page, you can activate an unused coupon and use it to subscribe to a product. Here, you can also claim a coupon with your claim code.

From the bonus center, it is easy to find what you want and subscribe to any product of your choice. Remember that you have several options – endeavor to explore and take full advantage of your coupons, Earn products, and other available perks.

Closing Thoughts

A lot of opportunities abound in the Crypto market. It is all about discovering and making use of these opportunities. KuCoin Earn and Rate-up Coupons are some of the beautiful innovations on the KuCoin Platform, where people can identify with and earn passive income easily and round the clock.

While KuCoin Earn provides users with means of making more money using features and products such as savings, lending, staking, promotions, and many more. KuCoin Rate-up Coupons help them to boost their potential earnings. With these features, you can earn and earn even more. It is all shades of profitability with KuCoin Earn and the Rate-Up Coupons.
July 22, 2022
TRON DAO Reserve Addresses Questions Regarding USDD Stablecoin

Geneva, Switzerland / July 21 / – The TRON DAO Reserve (TDR) has officially answered some frequently asked questions from the community about USDD, the decentralized over-collateralized stablecoin on TRON.

The USDD stablecoin is currently the most over-collateralized stablecoin across the entire cryptocurrency market. The core mission of USDD is to provide the blockchain world with a decentralized cryptocurrency of stable value. USDD represents true decentralization across the stablecoin market. Other stablecoins such as USDC or USDT are pegged to a central platform’s U.S. dollar (USD) reserves. By nature, the fundamentals of USDC and USDT are considered centralized stablecoins with strict supervision by regulators worldwide.

Current market conditions have brought fears of assets being subject to liquidation and freezings without the consent of the holders. USDD overcomes these fears from multiple different angles. Whitelisted institutions of the TRON DAO Reserve (TDR) are authorized to mint USDD. The value of USDD is supported by the over-collateralization of highly liquid crypto assets consisting of, but not limited to, BTC, USDT, USDC, and TRX. This allows USDD to be free from centralized intermediaries so users do not have to worry about their assets being frozen with or without notice. This enables holders of USDD to truly have full ownership of their stablecoin.

Stability is an important aspect of a successful stablecoin. Centralized stablecoins such as USDC and USDT are bound by regulators to maintain a 1:1 reserve ratio to the USD. If the centralized authorities of these stablecoins are unable to meet their reserve requirements, this can cause the centralized stablecoins to lose its 1:1 USD peg. USDD is immune to such issues due to its decentralized nature. USDD is not designed to strictly peg to the USD; instead, it floats up and down around it. The price stability of USDD is maintained through monetary policies adopted by the TDR based on market conditions.

Under volatile market conditions, USDD is not considered depegged when it is within 3% up or down from the USD peg. This allows for further flexibility for the TDR to make the necessary monetary policy adjustments if needed. With recent volatility in the markets, USDD has adjusted properly through TDR’s monetary policy tools which have strongly held up against recent concerns. This methodology is known as a Linked Exchange Rate System and has successfully allowed USDD to properly scale.

The recent controversy surrounding stablecoins arose due to the LUNA and UST crash. USDD fluctuated below its USD peg partly due to market misconceptions tied to the LUNA/UST fiasco. LUNA and UST do not follow the TDR policies that USDD is subject to; instead, LUNA and UST function strictly off an algorithmic arbitrage system of burning and minting. This means that UST did not have to rely on any reserve system to support the 1:1 USD peg. This whole process relied heavily on LUNA’s liquidity, when market conditions worsened, causing UST to lose its peg, it resulted in a major shock driving prices down for LUNA and in turn UST because there was no reserve system backing it. This is what ultimately caused the collapse of the LUNA and UST prices. On the other hand, USDD is completely supported by a reserve system filled with liquid assets run by the TDR as mentioned earlier. The details of the TDR assets are published in real-time on tdr.org.

The TDR adopts four monetary policy instruments to ensure the stability of USDD, creating further growth in the TRON ecosystem. The four policy instruments are setting benchmark interest rates, open market operations (OMO), window guidance, and the minting-burning mechanism of TRX and USDD. The TDR will also explore more monetary policy tools to foster further stability and growth of the USDD ecosystem. The end goal of TDR’s monetary policy adjustments is to maintain a stable price of USDD while further empowering it to be the most reliable and decentralized stablecoin on the market.

For more information about USDD, check out our recent blog post, which goes into details on various community questions and concerns.

About USDD

USDD is a decentralized over-collateralized stablecoin launched collaboratively by the TRON DAO Reserve and top-tier mainstream blockchain institutions. The USDD protocol runs on the TRON network, is connected to Ethereum and BNB Chain through the BTTC cross-chain protocol, and will be accessible across more blockchains in the future. USDD is pegged to the US Dollar through TRX and maintains its price stability under the guidance of the TRON DAO Reserve. It enables access to a stable and decentralized digital dollar system that in turn assures financial liberty for everyone.

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Media Contact

Sam Elfarra

pr@usdd.io

July 22, 2022