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Cryptocurrency Market Crashes – What to do?




Last week of February 2019 was exceptional for crypto business. The optimism filled the investors as the rates kept rising for the whole week. It looked like February would end in a plus until Sunday afternoon. The cryptocurrency rate suddenly fell for an astonishing 10 billion dollars. Zilliqa, Litecoin, and Holochain suffered the largest losses. All other cryptocurrencies significantly lost value as well.

What are the new values after the sudden market descend?

With small fluctuations, the value on the cryptomarket kept increasing for the whole week, all the way up to 142 billion dollars. The sudden decrease at 13.30 GMT last Sunday caused the market value to fall to 130 billion dollars in just about one hour.

Different cryptocurrency websites show different rates but agree in general. Zilliqa (ZIL), Litecoin (LTC) and Holochain (HOT) were hit the most. According to the reports, Zilliqa ended up with 8.5%, Litecoin 7.5%, and Holochain 7.3% decrease. It is reported lesser decrease rates: 5.4% for ZIL, 4.2% for LTC and 4.3% for HOT. EOS and Bitcoin Cash (BCH) closely follow the previous three. reported 3.5% rate drop for EOS and 3.5% for BCH.

Ether and Bitcoin are next in line by their rate drop. With the 3% rate descend, Ether is now worth less than 150 dollars each. Bitcoin price was fluctuating around 4000 dollars for the whole week. When it finally got over 4000 dollars, the decrease made it drop to 3800. Binance Coin (BNB) had one of the less affected rates about 1.5%, as well as the Tron (TRX). The two well-known remittance and settlement cryptocurrencies Stellar Lumens (XLM) and XRP also slid. The rates fell by about 4% for XLM and 3% for XRP.

Why did this happen?

Even though various statistics sources complicate making exact conclusions, they all agree that the cryptocurrency rate has fallen. In the same time last week, the cryptomarket was worth about 120 billion dollars. Sunday’s sudden decrease could return cryptomarket all the way to that value because it has abolished the increasing rates from last week.

Similar cryptomarket decrease happened in November 2018 but it had clear reasons. The traders remember BCH hard fork and two ICO projects SEC had requested to compensate the traders. Because in February 2019 there were no such events, there wasn’t any explanation why the rates fluctuate this much. Traders believe that the crypto winter has ended and that the market is on the edge of a new phase.

Recently, bots have been causing more and more market activity. Although this is a well-known practice, algos could also be used for wash trading.

Wash trading is when someone uses algos to deliberately boost cryptocurrency volumes and prices. The algos stop their activity when cryptocurrencies reach a specific value. This causes a sudden market crash like this one on Sunday. Knowing that cryptocurrencies increased in value last week and then unexpectedly crashed for no reason, to some investors this seems to mark the finishing phase of a wash trading process.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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How Can Foreigners Get Loans in Singapore



loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors




When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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CoinFlip Scores Big with BRD Wallet Partnership




As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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