The rise of Non-Fungible Tokens (NFTs) has not only transformed the digital art world but also created profitable opportunities in various sectors, including bitcoin casinos and the broader crypto-gambling space. As more people turn to digital assets, NFTs have gained traction in industries like Crypto casino NZ, where blockchain technology is revolutionizing gaming and online transactions in crypto gambing. Just like BTC is a popular cryptocurrency in Crypto casinos, NFTs are becoming a valuable commodity for collectors and investors alike. The use of blockchain in this context ensures transparency and security, similar to how online casinos, especially casinos with bitcoin, operate, making NFTs a trusted form of digital ownership in the growing crypto ecosystem.

Non-Fungible Tokens (NFTs)

Non-fungible tokens stored on blockchain ledgers known as Non-Fungible Tokens (NFTs) serve to represent ownership of digital items like art, music videos, and virtual real estate rather than functioning as interchangeable cryptocurrency assets like Bitcoin or Ethereum do. While cryptocurrency assets could still represent ownership interchangeably through virtual real estate ownership or artwork ownership using cryptocurrency assets as they currently do, NFTs provide greater transparency and security by tracking ownership histories over time for every item held, unlike their cryptocurrency counterparts, such as Bitcoin or Ethereum, can do.

NFTs’ primary benefit lies in establishing ownership of digital assets – something which had previously proven difficult. Artists can sell directly to collectors without using intermediaries, collectors can demonstrate they own original pieces of digital art.

The Growth of the NFT Market

Since its debut, the National Financing Terminal market has experienced rapid expansion. Digital artist Beeple sold his works at Christie’s auction house for an astounding $69 Million. CryptoPunks and Bored Ape Yacht Club collections attracted collectors willing to invest significant sums of money in digital collectibles.

This growth can be attributed to various factors, including an interest in blockchain technology, digital art’s unexpected popularity surge, and migration caused by the COVID-19 pandemic. As more creators and collectors enter the NFT space, opportunities will present themselves as markets expand further.

How to Profit from NFTs

NFTs present artists, collectors, and investors with many opportunities to maximize returns through these instruments. Here are a few strategies:

1. Generating and Selling NFTs

Non-Filled Tokens Provide Digital Artists, Musicians, and Content Creators with Direct Monetization NFTs offer digital artists, musicians, and content creators an unprecedented chance to directly monetize their creations by minting collectible items like NFTs that can later be sold back for royalties if returned!

OpenSea, Rarible or Foundation are three non-fiat marketplaces where artists can sell their works using cryptocurrency such as Ethereum. Artists upload artwork with fixed or auction formats predetermined by them before receiving cryptocurrency payments which they can later convert back to fiat currency if needed.

2. Investing in NFTs

Collectors and investors alike can generate substantial returns by purchasing Non-Fiction Trading Cards (NFTs) in hopes their value will appreciate over time, like traditional artwork. Certain NFTs may become particularly sought after due to rarity, creator fame, or cultural significance. Early adopters of popular projects like CryptoKitties or Axie Infinity saw returns increase dramatically due to sudden spikes in demand.

Before investing in NFTs, it is imperative that a thorough investigation of their creator or project be undertaken. Attributes that should be monitored closely include community support for the token being issued, track records of accomplishment, and unique assets discovered via platforms like Nifty Gateway or SuperRare.

3. Flipping NFTs

Turning non-performing loans (NFTs) into profits is an efficient strategy to generate returns, with investors purchasing discounted NFTs before selling them later at higher values, providing access to assets with potential for long-term growth. Timing is of the utmost importance here so as to maximize demand when selling.

OpenSea and Rarible have made it easier than ever for flippers to quickly purchase and sell Non-Financial Tokens while taking into account market trends and sentiment analysis for optimal profit potential.

4. Participating in NFT Gaming and Virtual Worlds

Non-Fungible Tokens are quickly becoming the industry standard in virtual world gaming, enabling players to trade, earn, and sell in-game assets using blockchain technology in games like Axie Infinity. Players purchase, breed, battle, trade, and sell Axies creatures as non-fungible tokens in marketplaces for real cash returns – some have seen significant returns! Trading virtual assets is both rewarding and profitable! Trading has proven its worth multiple times, providing great financial returns! Trading virtual assets is truly profitable!

Virtual worlds such as Decentraland and The Sandbox give their users more than just access to video games: they provide access to buying, selling, and trading non-fungible tokens (NFTs). As virtual realms have increased in both popularity and value, NFTs represent yet another way NFTs may help digital realms contribute towards financial success.

Risks and Challenges

National Financial Tokens provide both exciting opportunities and risks and challenges. Their market is highly speculative. Thus, their values may fluctuate based on market sentiment. Some tokens may experience decreased value over time as interest wanes for certain projects. Additionally there have been concerns raised regarding blockchain technology’s environmental effects due to energy consumed when minting NFTs.

Be wary of scams and fraud when purchasing NFTs online. Conduct your own investigation before purchasing from any platform or creator who appears legitimate to ensure safe transactions.

Conclusion

NFTs present creators, investors, and collectors alike with plenty of opportunities to monetize digital art and collectibles through NFTs. Artists looking for monetization through NFTs, collectors, or investors looking for projects will all find something of interest here! Conducting adequate research before diving in will ensure you successfully navigate any unfamiliar waters while reaping all their many rewards along the way!

The post The Rise of NFTs: How to Profit from Digital Art and Collectibles appeared first on CryptoNinjas.

As a crypto analyst and frequent investor in the Greek digital currency market, I can confidently recommend Bcash for convenient and secure Bitcoin purchasing in Athens. With 10 strategically located crypto ATM hotspots spanning central Athens and the northern suburbs, Bcash enables instant access to leading cryptocurrencies like BTC, ETH, and USDT.

Experience the Leading Greek Crypto ATM Network at Bcash’s Hotspots

From first-hand experience, I’m impressed by Bcash’s easy user interface, excellent customer assistance, and fair prices. Their two-way ATM machines allow both buying with Euro cash and selling crypto for instant fiat payouts. I found the simple on-screen instructions enabled completing transactions in under 2 minutes!

Bcash’s Bitcoin ATM network stands out from competitors by aligning prices closely with real-time crypto market rates. Their typical 6-8% fees are much cheaper than traditional crypto brokers and exchanges in Greece. For investors seeking reliable local crypto access, Bcash has the solutions.

Central Athens Bcash Shops Offer Prime Buying and Selling

For maximum security while buying or selling Bitcoin, Bcash’s dedicated Athens shop locations are ideal. Their main office on Dimitrakopoulou Street in the city center contains a premier crypto ATM location open 6 days weekly. It’s close to public transit for easy access.

I also frequented Bcash’s Glyfada branch in the south shopping district. With spacious storefront access and long business hours, this hotspot proved one of my favorite crypto transaction destinations. The expert staff helped guide my buying process as a beginner too.

Glyfada Shopping District ATM Location

The Glyfada store sits right on Gennimata Street, providing a safe and high-traffic venue for easily buying and selling leading cryptocurrencies. Open Monday through Saturday, this major Bcash outlet enjoys strong local area visibility for crypto investors.

Northern Suburbs ATM Hotspots

In Athens’ northern suburbs, I purchased Bitcoin multiple times at Bcash’s Nea Erythraia shop off Mikras Asias Street. Located just 20 minutes from the city center, it makes crypto conveniently accessible for residents across northeast Athens.

Piraeus Port Shopping District ATM

While recently docking overnight at the Piraeus cruise port as part of an Aegean island-hopping vacation, I encountered one of Bcash’s handy crypto ATMs just 5 minutes from the passenger terminals. Located right on Sachtouri Street inside the company’s Piraeus store, this machine proved hugely convenient for buying Bitcoin during my stay.

As one of Europe’s largest passenger ports, Piraeus receives over 4 million travelers every year who could benefit from easy access to crypto. Whether before boarding ferries to venture deeper into the Greek islands or arriving back onshore in Athens, the Bcash outlet enables obtaining coins to capture optimal valuations.

And for tourists exploring downtown Piraeus’ vast harborfront retail area, having a trusted Bitcoin ATM one block away gives peace of mind. Rather than relying solely on airport kiosks, cruise ship visitors can turn Euros into crypto almost anytime thanks to Bcash’s strategic positioning. As vacationing investors, that accessibility offers real advantages.

Bcash Brings Bitcoin to the Greek Islands

Rhodes Island BTM Location

While vacationing on the Greek island of Rhodes last summer, I was thrilled to discover a prime Bcash crypto ATM inside a jewelry shop right on central Averof Street. Open 6 days weekly, this machine enabled me to quickly buy BTC and ETH to capture temporary price dips, demonstrating Bcash’s impressive nationwide network.

Crete Island Bitcoin Access

Heraklion City Center Shop

When visiting Heraklion on Crete Island, Bcash provided a welcoming retail outlet right on Kalokairinou Street near the central market to handle all my crypto transactions. With long weekday hours plus Saturday access, I could conveniently buy/sell between touring the island’s gorgeous beaches and historic sites!

How Bcash is Making Crypto User-Friendly in Greece

As a blockchain analyst who has helped many first-time crypto investors in Greece, I appreciate how Bcash excels at a smooth and understandable Bitcoin purchasing process. Their commitment to beginner education and support makes cryptocurrency less intimidating. Bcash also focuses on fair pricing and fees compared to traditional finance players.

Beginner-Friendly ATM Machines and Process

I often recommend Bcash’s Bitcoin ATMs for new Greek investors since their interface proving easy to follow self-guided steps. The on-screen prompts clearly cover scanning wallet QR codes, inserting cash bills, and confirming the crypto transfer. Bcash also guides new buyers in creating a digital currency account on their website before visiting the ATM.

Excellent Customer Support for Smooth Purchasing

Especially for crypto beginners, Bcash provides exceptional customer assistance to alleviate concerns over using Bitcoin ATMs or navigating wallet transfers. Their support team is available for live chat, phone, email, and even Telegram. I relied on them many times when learning to purchase BTC and ETH across their Greek ATM network.

Competitive Exchange Rates and Fees

From comparing Bcash’s crypto prices to other Athens-based brokerages and exchanges, I confirmed Bcash aims to offer fair market rates with typical fees under 10%. Far below the fees charged at Greek banks and trading platforms, Bcash passing savings to investors provides good value. This competitive pricing approach increases Bitcoin’s accessibility.

By focusing on convenience, education, support, and reasonable costs, Bcash succeeds at making cryptocurrencies understandable and approachable across Greece. Their extensive Bitcoin ATM network combined with helpful guidance lowers barriers for curious first-time buyers. Bcash makes exploring digital currency investing easy.

The Future of Crypto Acceptance in Greece

As a crypto analyst closely following blockchain innovation in Southeastern Europe, I see enormous growth potential for cryptocurrency usage across Greece. Bitcoin ATM platforms like Bcash have successfully built consumer awareness and understanding of digital coins over the past few years. Greece now counts over 50 Bitcoin ATM locations across Athens, Thessaloniki, popular tourist destinations, and more.

And the improved regulatory environment enables further mainstream crypto acceptance. Greece’s 2020 legislation aligned local digital asset rules with the European Union’s anti-money laundering directives. This risk reduction paved the way for more Greeks to comfortably explore decentralized finance through accessible solutions from Bcash.

On the merchant side, point-of-sale tools and business incentives for accepting payments in Bitcoin or Ethereum have also increased. As more customers request to transact or settle bills via cryptocurrency, I expect small Greek retailers, vendors, professionals to welcome crypto over the coming decade.

Between the expanding crypto ATM infrastructure, informed investors through Bcash’s educational initiatives, updated regulations, and motivated sellers, Greece appears poised to become one of Europe’s leading environments to utilize secure, frictionless cryptocurrency apps by 2030. The foundations support 10%+ of Greek financial flows leveraging blockchain within 10 years.

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Bitwise Asset Management, the largest crypto index fund manager in America, announced today that the Bitwise Bitcoin ETF (BITB), the firm’s first spot bitcoin ETF, intends to begin trading today, January 11th.

BITB will join Bitwise’s comprehensive suite of 18 crypto investment products, which currently includes five other crypto ETFs.

“We expect significant demand for bitcoin ETFs like BITB. Every year for the past six years, financial advisors have identified ETFs as their preferred way to help clients access bitcoin. Last year, 64% of financial advisors preferred a spot bitcoin ETF over existing vehicles. Across our existing client base of thousands of investment professionals, we hear the same thing. Now, at long last, a spot bitcoin ETF is arriving.”
– Bitwise CEO, Hunter Horsley

The Bitwise Bitcoin ETF will trade on NYSE Arca under the ticker BITB. The management fee will be 0.20%, with the fee set to 0% for the first six months on the first $1 billion in assets. The fund will hold bitcoin directly with regulated digital asset custodian, Coinbase Custody. BITB’s auditor is KPMG, the administrator is Bank of New York Mellon, and the sponsor is Bitwise Investment Advisers.

Backing Open-Source Developers

In conjunction with the launch, Bitwise announced that the firm will donate 10% of BITB’s profits to three non-profit organizations that fund Bitcoin open-source development: Brink, OpenSats, and the Human Rights Foundation’s Bitcoin Development Fund.

These organizations fund open-source developers who play a critical role in improving the security, scalability, and usability of the Bitcoin network. The donations will be made annually for at least the next 10 years to further support the health and advancement of the Bitcoin ecosystem.

“Bitcoin is fundamentally open-source software,” said Bitwise Chief Technology Officer Hong Kim. “Both Bitwise and our clients have a vested interest in its ongoing development, and supporting these organizations is a direct way to contribute to that.”

Founded in 2017, Bitwise is currently a partner to more than 1,800 advisor teams, RIAs, family offices, and institutions. This number has doubled in the last two years.

For more information on BITB, and to read the fund’s prospectus, click here.

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For some people, the word bitcoin still triggers an eye-roll, but by now, most of us know that cryptocurrency is here to stay. With that in mind, it’s a good idea to make sure you’re clued up and well-educated on the topic, especially if you’ve ever considered investing yourself.

However, with so much misinformation floating around on the world wide web, it’s easy to assume that steering clear is safest, or to get overwhelmed with how to approach the process. If you’ve been having a bit of an internal battle over the ins and outs of crypto, here are some of the most important things we’ve learned about it over the years.

1. Education is Key

No matter what the nay-sayers might suggest, there’s nothing inherently dangerous or even risky about investing in Bitcoin or any other cryptocurrency. However, it is absolutely crucial that you get educated before committing to it – because uninformed decisions are what lead to disaster in any type of investing move.

There is an abundance of information available online. Look to professionals in the industry, and consult the Crypto 101 video series to help you understand the basics. You can even pay for professional consultants to help you in your journey if you want to be more assured you’re making good choices.

2. You Need a Secure Wallet

Choosing your crypto wallet is a bigger deal than you might think. Your wallet is your portal into the crypto world, and so picking something secure and reliable is important for a myriad of reasons.

An all-in-one wallet like Noones is one of the best options out there because the process becomes incredibly simplified. However, there are countless options on the market. What matters is that you do your research and pick a wallet that aligns with your needs, offers security, and has good user reviews. The voice of the people is always something to pay attention to, and if multiple people have had a negative experience, it’s a good sign to steer clear.

3. Scams and Phishing Are Real Problems

Even though more and more people are wising up, there are some common crypto scams that are still alive and well in 2023, and it’s essential that you’re aware of them and know how to protect yourself.

Make sure you know about the potential risks, and avoid ever sharing private keys or personal information with anyone – especially over text or online messaging. You should be able to identify the warning signs, but when it comes to your finances online, it’s best to be extra vigilant.

4. Diversifying is Smart

Any serious investors will tell you how important it is to diversify your portfolio, and having a well-balanced crypto portfolio is just as important as balancing your stock investments.

A crucial part of this is maintaining the balance between your crypto portfolio and overall investment portfolio. However, you’ll also want to ensure that your crypto portfolio itself contains a few different types of cryptocurrency with different risk levels.

The post 4 Things We’ve Learned About Owning Bitcoin in 2023 appeared first on CryptoNinjas.

It is no longer unusual to hear that a bank accepts savings in Bitcoin, Ethereum, and the like. Or that a loan company helps businesses with crypto. After all, the traditional financial and insurance industries were among the first to adopt cryptocurrencies. The latter ones have found more than one way to incorporate these means of payment into their business. This approach proved useful not only for companies but also for policyholders.

The above claim was confirmed by several recent surveys, including that of Goldman Sachs, which showed that 6% of respondents (over 300 financial executives in the insurance sector) verified that their companies invest in crypto.

Benefits for Policyholders and Insurance Companies

Several things make cryptocurrencies attractive, not only for insurance companies but also for policyholders. Some of them are beneficial to both parties, and some are specific.

So, when it comes to policyholders, they can expect several advantages of using crypto. One of the most notable is the opportunity for diversification. Thanks to crypto, they can get another asset (on top of the traditional ones) to add to their diversification strategy. By doing this, they can spread risk and keep their funds protected.

Also, policyholders can count on speedy transactions because crypto transactions are usually processed much faster than wire transfers. Receiving claim payouts on time in urgent situations is possible thanks to cryptocurrency.

We should also note that they get more privacy because they can stay pseudonymous.

On the other hand, insurance companies benefit from reduced transaction costs, faster settlements, improved security, and a few other things.

Successful Examples

It’s one thing to discuss things in theory and another to see how they work in real life. Fortunately, there are many successful examples of insurance companies accepting crypto as a payment plan.

INGUARD

INGUARD is one of the leading digital insurance companies based in the U.S. It provides its services in all 50 U.S. States. What makes INGUARD truly special is that they were the first insurance companies in North America to accept Bitcoin payments in 2013.

Interestingly, this brand is partnered with numerous tech companies who share their vision for insurance, including Fitbit and Michelin.

Lemonade

Some insurance companies rely on the blockchain. Lemonade is an excellent example of this. This brand throws blockchain technology and artificial intelligence into the mix or provides pet, car, home, and other types of insurance. It goes without saying that policyholders can use cryptocurrency as a payment plan.

AXA

Compiling a list of insurance companies accepting crypto without mentioning AXA would be a mistake. This insurance provider comes from Switzerland. It was the first insurer in Switzerland (and among the first in Europe) to enable its customers to pay bills with Bitcoin. This move didn’t come as too much of a surprise, as their Hong Kong subsidiary was one of the first to enter the gaming virtual world by partnering up with The Sandbox metaverse developer, meaning the crypto-progressive incline was already there.

It’s worth noting that AXA works with Bitcoin Suisse (a cryptocurrency exchange) and Inapay (a mobile Bitcoin payment processor for mobile devices) to process the payments.

Metromile

Next on the list, we have Metromile. This auto insurer was established in 2011 in California as a tech startup. Today, more than 100,000 drivers use Metromile for pay-per-mile car insurance, and many use cryptocurrency to pay for this. The good news is that policyholders can pay for various insurance premiums in Bitcoin and use it to claim payouts.

Premier Shield Insurance

From Massachusetts comes Premier Shield Insurance, an insurance agency focused on several sectors. From auto insurance and identity theft insurance to home insurance and various types of business insurance options – this company has its clients covered. The best part is that they can use crypto to cover agency fees and pay insurance premiums.

There’s a limit for paying in crypto set at $5,000. Also, another downside is that you can’t claim payouts in Bitcoin.

What to Expect in the Future?

Even though finding data on cryptocurrency and its use in the insurance sector is somewhat challenging, a thorough analysis will show you that these two are becoming closer than ever.

This makes sense because the use of cryptocurrency is growing. Dozens of countries across the globe have legalized this means of payment, and two of them have made it an official legal tender.

According to some market analysis, we should expect tremendous growth in the next few years. For instance, if the blockchain (crypto payments included) in the insurance market size was around 208 million dollars in 2020, it should reach 2.5 billion dollars by 2028, which is almost a tenfold rise.

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Today, Fuse Network, an enterprise-grade, use-case agnostic, decentralized EVM-compatible public blockchain, announced Liquify as its newest remote procedure call (RPC) provider and ecosystem partner. Liquify will provide public RPC services – both free and private.

RPC nodes help process requests from decentralized applications (dApps). They are vital for improving the usability of web3 and for Fuse Network to offer superior infrastructure and scale. Offering dApp projects in the Fuse ecosystem with secure and robust RPC infrastructure is critical.

Liquify is a blockchain solutions provider with co-located tier-3 data centers boasting bare metal servers with a guaranteed uptime of 99.95%. Bare metal servers typically come with higher uptime guarantees, essential for RPC nodes to maintain network connectivity and availability for processing requests.

Important Points

• Chainstack will retract its services starting October 5th, 2023.
• The information available for switching to Liquify RPC is available here.
• Liquify has bare metal servers in the US, Europe, & Asia that support over 50+ chains.
• Liquify has been running a validator node with 100% uptime since 2020.

The Liquify team brings years of experience in DevOps, security, automation, and global infrastructure setup, focusing on the quality of service and decentralization. Bare metal servers in the US, Europe, and Asia and supports over 50+ chains, including Fuse, Ethereum, BNB Chain, and Solana.

Fuse is designed for entrepreneurs and organizations that want to experiment, launch, and scale web3 apps and integrate crypto payments. Anyone can build on the Fuse blockchain and leverage enterprise-ready, decentralized tech – be it existing crypto projects, start-ups, or blue-chip companies.

FUSE Token

Being the native currency on the Fuse blockchain, users must pay fees in FUSE to approve transactions. Token holders can stake FUSE to become a validator. The minimal staking requirement is 100K FUSE. While the network is continuously growing, currently, there are 60+ validators.

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Welcome to the world of BITmarkets – a leading cryptocurrency exchange offering a wide range of trading options for both retail traders and corporate clients. In this comprehensive review, we will explore the various features and services provided by BITmarkets, including spot, futures, and margin trading. Whether a seasoned trader or just starting your cryptocurrency journey, BITmarkets has something for everyone. So, let’s dive in and discover what makes BITmarkets a top choice in the crypto trading industry.

What is BITmarkets?

BITmarkets is a prominent cryptocurrency exchange that provides a platform for buying, selling, and trading over 150 cryptocurrencies. The BITmarkets exchange offers a user-friendly interface, advanced trading tools, and a secure environment for traders to execute their transactions efficiently. BITmarkets caters to both individual traders and institutional clients, providing a comprehensive suite of trading options to meet their diverse needs.

Spot Trading on BITmarkets

Spot trading is one of the primary features offered by BITmarkets. It involves the purchase or sale of cryptocurrencies for immediate settlement, at the current market price. This allows traders to take advantage of short-term price movements and capitalize on market opportunities. BITmarkets offers a wide range of cryptocurrencies for spot trading, including popular options like Bitcoin, Ethereum, and Ripple, as well as lesser-known altcoins.

Benefits of Spot Trading

Spot trading on BITmarkets offers several benefits for traders:

• Immediate Settlement: Spot trading allows for instant execution of trades, ensuring that traders can quickly take advantage of market movements.
• Market Price Exposure: By trading at the current market price, traders have direct exposure to the underlying asset and can benefit from its price fluctuations.
• Wide Range of Cryptocurrencies: BITmarkets offers an extensive selection of cryptocurrencies for spot trading, providing traders with ample choices to diversify their portfolios.
• User-Friendly Interface: The platform’s intuitive interface makes it easy for traders to navigate, execute trades, and monitor their positions.

Futures Trading on BITmarkets

In addition to spot trading, BITmarkets also offers futures trading, which allows traders to speculate on the future price movements of cryptocurrencies. Futures contracts are agreements to buy or sell an asset at a predetermined price and date in the future. This feature enables traders to take both long and short positions, depending on their market outlook.

How Does Futures Trading Work?

Futures trading on BITmarkets operates through the use of derivatives known as futures contracts. These contracts specify the quantity, price, and delivery date of the underlying cryptocurrency. Traders can profit from futures trading by accurately predicting the future price movements of the asset.

Advantages of Futures Trading

Futures trading on BITmarkets provides traders with several advantages:

• Leverage: BITmarkets offers leverage options, allowing traders to amplify their positions and potentially increase their profits.
• Hedging: Futures contracts can be used as a risk management tool to hedge against adverse price movements in the cryptocurrency market.
• 24/7 Market Access: BITmarkets provides round-the-clock trading, allowing traders to take advantage of market opportunities at any time, regardless of their geographical location.
• Price Discovery: Futures trading facilitates price discovery by providing a transparent marketplace for buyers and sellers to determine the future value of cryptocurrencies.

Margin Trading on BITmarkets

Margin trading is a feature that allows traders to borrow funds to increase their trading position. BITmarkets offers margin trading options, giving traders the opportunity to amplify their potential profits. However, it’s important to note that margin trading also carries increased risk, as losses can exceed the initial investment.

How Does Margin Trading Work?

Margin trading on BITmarkets involves borrowing funds from the exchange or other traders to increase the size of a trading position. Traders can choose the leverage ratio they wish to use, which determines the amount of borrowed funds relative to their own capital.

Benefits and Risks of Margin Trading

Margin trading offers several benefits and risks that traders should consider:

• Increased Profit Potential: By leveraging their positions, traders can amplify their potential profits if the market moves in their favor.
• Diversification: Margin trading allows traders to access a wider range of trading opportunities, as they can allocate their capital across multiple positions.
• Risk of Losses: Margin trading carries a higher risk, as losses can exceed the initial investment. Traders must carefully manage their margin positions to avoid significant losses.
• Margin Calls: If the value of a trader’s position declines significantly, they may be required to add additional funds to meet margin requirements or risk having their position liquidated.

About BTMT – the native token of BITmarkets, which will run on Polygon Network

BTMT, the native utility token of the BITmarkets crypto exchange, is an ERC-20 token that has also been integrated into the Polygon network. BTMT already completed a private sale last summer which ended in June 2023. Its public sale will be launched by the fourth quarter of this year.

Registered users of BITmarkets who have purchased BTMT during one of its sales periods will benefit from more advantageous price quotes. In the second half of 2024, BITmarkets further plans to introduce a feature called “BTMT Earn” where BTMT holders will be able to lock their tokens for interest.

The exchange also plans to support ESG-related activities in the future and the platform will provide an opportunity for BTMT holders to express their preference regarding the recipients of this support.

Polygon + BITmarkets

BITmarkets selected the Polygon blockchain to deploy the BTMT token, as Polygon is an established, fast, and scalable solution for apps and projects.

Polygon adopts a PoS (Proof-of-Stake) consensus mechanism which allows it to scale up to 65,000 transactions per second with a block confirmation speed of under two seconds while boasting a $0.015 average transaction fee. These parameters present Polygon as one of the most rapid and versatile networks with top-tier levels of security.

Security & Regulation

BITmarkets, regulated within the EU under a Lithuanian license also in the Marshall Islands, prioritizes the security of its users’ funds and personal information. The exchange implements robust security measures, including two-factor authentication, encryption protocols, and cold storage for cryptocurrencies. BITmarkets complies with relevant regulations and undergoes regular audits to ensure compliance and maintain trust with its users.

More Features

• Local support in more than 15 languages
• Users can deposit via SWIFT, SEPA, Credit Card, RepeePay, deluxepay365, growpayments, and VNPAY
• Recent recipients of multiple awards
• Deposit to margin feature
• Learn about the basics of crypto trading on the BITmarkets Academy
• The exchange offers the native BITmarkets Token (BTMT) which includes exchange operation benefits for holders and users

BITmarkets is a top-tier cryptocurrency exchange that offers a comprehensive suite of trading options for both retail traders and corporate clients. With features like spot trading, futures trading, and margin trading, BITmarkets provides a diverse range of opportunities for traders to capitalize on the market.

As a regulated exchange, BITmarkets offers multiple platforms and markets along with the tools and resources to help you succeed in the dynamic world of cryptocurrency trading, check out BITmarkets here.

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HashKey Exchange, the first licensed retail virtual asset exchange registered in Hong Kong, announced its official launch today. Together with executives from the HKSAR government, top-tier banks, insurers, and Big 4 auditing firms, HashKey held the grand launch in Hong Kong.

Strictly adhering to the SFC’s user registration and KYC requirements, the HashKey Exchange platform supports USD and HKD fiat deposits and withdrawals, and will initially support trading in BTC/USD, and ETH/USD, with plans to introduce more markets following regulatory guidelines.

The exchange, which received approval back in November of 2022 is offering a zero-fee promotion, delivering all users zero commission trading on all transactions.

Hong Kong’s First Licensed Retail Virtual Asset Exchange

Livio Weng, COO of HashKey Group, unveiled the next-generation high-performance trading system, the “HEX Engine,” supporting 5,000 transactions per second (TPS).

Weng also announced a comprehensive upgrade to institutional business solutions, offering robust API interfaces and enhanced account management features (including the Omnibus Account) to provide brokerage and institutional clients with deeper trading liquidity and smoother experiences.

As a licensed entity under the Hong Kong Securities and Futures Commission, HashKey Exchange has devoted substantial resources to establishing a native compliance product framework.

Covering a comprehensive spectrum including user admission inspection, anti-money laundering (AML) inspection, transaction monitoring, and intellectual property (IP) oversight, creating a complete regulatory closed-loop system. This system spans the entirety of internal operational processes, ensuring a robust compliance safeguard for investors.

Exchange Features:

• Fiat Currency Deposits & Withdrawals: In partnership with leading commercial banks, HasKey offers USD/HKD fiat currency deposit and withdrawal services, allowing direct transfers between bank accounts and HashKey fiat accounts. Direct USD and HKD transfers from bank accounts are supported.
• Fiat Trading Pairs: Providing retail customers with fiat trading pairs such as BTC/USD and ETH/USD, with plans to support additional fiat currencies and pairs, including HKD in the future.
• Licensed Custody: Independent licensed custody system subject to regular inspections by the securities regulators. HashKey holds a TCSP (Trust or Company Service Provider) license.
• Cold and Hot Wallet Separation: 98% of digital assets are stored in cold wallets and 2% in hot wallets, ensuring the security of the majority of assets.
• Asset Insurance: HashKey Exchange pioneers in the industry by introducing professional insurance institutions to provide insurance for client assets under custody.
• Authoritative Auditing: The platform strictly adheres to regulatory requirements, undergoing audits and compliance checks by the Big 4 accounting firms, fully complies with various regulatory provisions, establishing itself as one of the most secure exchanges globally.

Setting Sail in the Web3 Era in Hong Kong

The HashKey Exchange Grand Launch was held today at the Maritime Museum Central, Hong Kong.

Dr. Xiao Feng, Chairman and CEO of HashKey Group, announced the official launch of HashKey Exchange and its retail trading services. Mr. Lu Weiding, Chairman of Wanxiang Group, joined 10 distinguished guests in turning the symbolic “helm,” marking the start of Hong Kong’s Web3 era.

Joseph Chan Ho-lim, JP, Undersecretary for Financial Services and the Treasury, Dr. Jimmy Chiang, Associate Director, InvestHK, Norman Chan Tak-lam, GBS, JP, Chairman, Hong Kong Web3 Association delivered their speeches, extending their congratulations to HashKey Exchange for its official launch and offering insights into the development of the Web3 industry in Hong Kong.

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Adenasoft, a South Korea-based IT/software company, has just announced the launch of ACE, their new SaaS product designed for cryptocurrency exchanges. ACE fully prepares businesses for exchange operations quickly, taking less than a month to get up and running.

ACE offers a comprehensive suite of features that enables crypto exchanges to streamline their operations and provide a seamless user experience. From a fully integrated trading platform to customer management tools, wallet services, custody solutions, and more, ACE provides all the essential functionalities required to launch a cryptocurrency exchange.

The Adenasoft team focused significant effort on designing a platform that delivers a superior user experience, allowing traders to navigate the system effortlessly. ACE can run smoothly on PC, plus mobile apps with both Android and iOS supported. Currently, the white-label solution supports 6 languages: English, Japanese, Chinese, Russian, Indonesian, and Korean, more will be added in the near future.

Liquidity Managed

To manage liquidity, ACE incorporates built-in liquidity services for a seamless trading experience. Exchanges can focus on growing their business and attracting new users without being worried about or hindered by liquidity constraints.

“We are excited to introduce ACE to the cryptocurrency market. With ACE, we aim to redefine the standards for crypto exchange platforms, offering an all-inclusive solution that combines top-tier UI/UX, essential functionalities, liquidity services, and seamless integration. Most importantly, ACE’s fast and efficient onboarding process allows businesses to be fully prepared to exchange operations in less than a month.”
– Yong Jung, ACE product team leader at Adenasoft

Zero Fee Starting Offer

For a limited time, Adenasoft is offering zero set-up fees for new exchange businesses. This enables entrepreneurs and enterprises to leverage Adenasoft’s technology without the burden of upfront costs.

To learn more about ACE, visit the Adenasoft website.

The post Adenasoft launches new crypto exchange white label solution: ACE appeared first on CryptoNinjas.

This week, the team of Pods, a provider of structured products for crypto assets, unveiled its latest offering – the ETHphoria Vault. This innovative yield strategy is designed explicitly for ETH enthusiasts who are bullish about its future prospects and want to earn even more from increasing prices.

ETHphoria is a low-risk, principal-protected strategy designed for those bullish on the ether (ETH) market. By integrating Lido with call options, ETHphoria allows users to earn higher rewards as the market rises.

The strategy uses 100% of Lido’s weekly staking rewards to purchase call options with a 1-week expiry. If the price of ETH or stETH rises above the strike of those call options within a week, the call options are exercised, resulting in profits for depositors.

Pods has a hybrid on-chain / off-chain approach, where the principal remains on-chain, and the yield can have the optionality to build the derivatives part off-chain.

With this approach Pods has the best of 2 worlds: on-chain security for the principal, and off-chain liquidity for the yield, resulting in better returns for the end user.

“At Pods, we recognize the importance of consolidating a single strategy into one token, not only for enhancing DeFi composability but also for user convenience. Our users can seamlessly transfer deposits between addresses, utilize them as collateral on other protocols, and easily verify their holdings in a specific strategy. I strongly believe in the power of the simplicity of this approach.”
– Rafaella Baraldo, CEO & Ci-Founder of Pods

Furthermore, the vault provides access to intricate strategies with a single click, withdrawal at any point after processing the deposit, and display of actual historical returns among other features. ETHphoria vault is live on mainnet: https://app.pods.finance.

ETHphoria leverages Lido, a leading decentralized staking protocol for ETH, to generate high yields. With a TVL of over $11.8 billion, Lido is a trusted choice for the DeFi community.

As ETHphoria evolves, Pods will continuously improve the vault’s functionality, you can check all the details in the Pods´ blog post by Rafaella. Pods´ blog readers can check the backtest of this strategy and how it would have performed if it were available when ETH started in 2015 until the present.

The vault has undergone four audits by audit firms including Open Zeppelin, ABDK, Number3, and Number4. Audit reports are available here.

Further, the Pods Yield product went through a review with DeFi Safety where it received a 97% score. You can find the detailed report at Pods Finance – detailed report | DeFiSafety.

The post Maximize Your ETH Investment: The ETHphoria Vault by Pods appeared first on CryptoNinjas.

The team of Pods recently announced the mainnet launch of its 3rd strategy on Pods Yield: FUD Vault, which now complements ETHphoria and stETHvv.

FUD Vault provides a way for users to benefit from market downturns by offering a mechanism to hedge against significant price drops in ETH while preserving the deposited principal.

Who is this product for?

The FUD Vault is designed for individuals who have uncertainties about the future performance of ETH and want to find a way to potentially profit even when the market is experiencing a downward trend.

By depositing funds into the FUD Vault, users can take advantage of a specific strategy that aims to mitigate the risks associated with a falling market.

Therefore, if you feel uncertain or skeptical about the future performance of ETH and desire a strategy that allows for potential profit-making during market declines, the FUD Vault could be a suitable option.

Product Values

The FUD Vault offers several key values to its users:

• Simplified Strategy: By consolidating a single strategy into one token, the FUD Vault enhances both DeFi composability and user convenience. Users can easily manage their deposits by transferring them between addresses, utilizing them as collateral on other protocols, and effortlessly verifying their holdings within a specific strategy. The aim is to streamline the user experience and provide a seamless interface for interacting with the vault.

• Access to Intricate Strategies: With just a single click, users gain access to intricate strategies within the FUD Vault. These strategies are designed to optimize returns and navigate the complexities of the market. By offering these strategies in a user-friendly manner, the vault allows users to benefit from sophisticated investment approaches without needing in-depth knowledge or expertise.

• Flexible Withdrawal: Users can withdraw their funds from the FUD Vault at any point after the deposit has been processed. This feature ensures that users maintain control over their assets and can access their funds whenever they need them.

• Transparent Historical Returns: The FUD Vault provides users with a clear display of actual historical returns. This transparency allows users to assess the performance of the vault and make informed decisions about their investments. By presenting accurate and up-to-date information, the vault aims to build trust and confidence among its users.

How FUD Vault Operates

When you deposit USDC the vault immediately invests in Aave. Then, it utilizes the entire lending yield generated by Aave for purchasing ETH put options. These put options have a delta ranging from 0,03-0,12 and a maturity period of one week.

In simple terms, the put options act as a form of insurance against a significant drop in the price of ETH. If the price of ETH decreases by more than 10% within the one-week timeframe, the put options are exercised and the resulting profits are distributed to the depositors of the FUD Vault.

Summary

The FUD Vault offers a user-friendly experience, providing convenient deposit management, access to intricate strategies, flexible withdrawal options, and transparent historical return information.

These values ensure that users can easily navigate the vault, make informed decisions, and enjoy the benefits of the platform’s offerings.

About Pods:

Pods make structured products for crypto assets that are easy to use and seamless. Co-founded by Rafaella Baraldo, Robson Silva, and Guilherme Guimarães, the team has developed some of the most innovative and secure tools in DeFi. The success of the products, security audits, and brand efforts, have set a new standard for building DeFi methods in this rapidly expanding sector. Security audits conducted by OpenZeppelin further demonstrate the commitment to safety and reliability. Pods continue to focus on infrastructure and serving professional clients and investors looking to diversify their portfolios.

Contracts

The vault has undergone four audits by leading audit firms, including OpenZeppelin and ABDK. Audit reports are available at https://github.com/pods-finance/yield-contracts/tree/main/audits

The open-source contracts can be reviewed at https://github.com/pods-finance/yield-contracts 

Join the Pods community on Twitter

The post Crypto traders can mitigate risk with PODS’ FUD Vault – now live on mainnet appeared first on CryptoNinjas.

DeFi Returns brings comprehensive up-to-date information on DeFi strategies and protocols, to easily compare and analyze their performance. Getting the most reliable data source for historical yield on DeFi, to help users make informed decisions when investing in the ecosystem. All data displayed is sourced from the protocol’s smart contracts directly.

• The new DeFi Returns v2 is faster and smoother. It’s designed to make the process of checking and comparing DeFi returns as efficient and enjoyable as possible, emphasizing efforts in the user experience. New features also include:
• Advanced Analytics for Strategies with Rewards: to view the accumulated yield with or without rewards, providing deeper insights into your DeFi investments and making it easier for users to make informed decisions.
• For multi-token strategies, such as providing liquidity to pools, users can now compare how the strategy performed compared to just buying and holding the asset.
• Ranking of Top Performers in the Past 30 Days: Find the top 3 strategies for ETH and USDC quickly.
• Newsletter: Sign up! access opportunities with free analyses on the market, actionable and insightful information about Defi strategies such as Curve, Uniswap GMX, and more.

The company’s blog states: “The launch of the new and improved DeFiReturns.com is a testament to our commitment to providing the most reliable data to assist you when investing and exploring DeFi strategies. We are excited about this new chapter and look forward to supporting you in your DeFi investment journey. As we embark on this exciting new chapter, we invite you to access the relaunched DeFiReturns app, explore its new features, and join us in understanding what real returns are in DeFi”

DeFi Returns is free to access, and there is a paid API with smaller granularity. Try it out! DeFiReturns

About Pods:

Pods makes structured products for crypto assets that are easy to use and seamless. Co-founded by Rafaella Baraldo, Robson Silva, and Guilherme Guimarães, the team has developed some of the most innovative and secure tools in DeFi.

The success of the products, security audits, and brand efforts, have set a new standard for building DeFi methods in this rapidly expanding sector.

Recent security audits conducted by OpenZeppelin further demonstrate the commitment to safety and reliability. Pods continues to focus on infrastructure and serving professional clients and investors looking to diversify their portfolios.

Connect with Pods:

Twitter / Discord

The post What is DeFi Returns? A new way of DeFi Investing appeared first on CryptoNinjas.