Connect with us

Trade

Positive Signs

Published

on

It's occurred to me that I may have been projecting a bit of pessimism in my last few updates. Images from storms like Florence and Mangkhut can give us the impression that the world is ending.

However, looking at the news today there's a lot to be positive about. Turkey and Russia have decided not to launch a ground assault on Idlib, a move that could end up saving thousands of lives, and a summit between North & South Korea is bringing hope to many.

As far as the economy is concerned, something I saw yesterday seems really exciting. This graph shows interest in the United States minus inflation...

What this shows, is that when the Federal Reserve raises their interest rate next week, it will once again be profitable to save money. This is the first real sign we've seen since the crisis that the economy may finally be stabilizing.

I also recommend to check out the full explanation of this graph when you have a moment.

It's illustrator, who I've been following for a while also sees that some stocks might be expensive at the moment but that there are still plenty of opportunities for investors at this time.

Please note: All data, figures & graphs are valid as of September 18th. All trading carries risk. Only risk capital you can afford to lose.

Traditional Markets

Yesterday, Donald Trump decided to ramp up the trade war against China with unprecedented tariffs. However, rather than falling Chinese stocks have been rising sharply this morning.

As we highlighted in a previous update, the China50 Index had fallen nearly 30% from its peak at the beginning of the year so the fact that the worst of it may be over seems to be sparking some kind of relief rally today.

Positive Signs in Crypto

Volatility in the crypto markets is picking up again and several players seem to have gotten nervous over the price of Ethereum, which is once again testing the $200 per coin level.

Though Ethereum might be going through a bit of a rough patch due to scaling issues, it's still the most widely used blockchain at the moment.

Notice also how the number of transactions on bitcoin has remained very steady at approximately 2.55 per second over the last few months.

Also, Bitcoin's hashrate has grown quite significantly this year. It seems that despite the bear market, more and more people are getting involved in mining for digital gold.

Last but not least, the High Court of India is set to have another crypto hearing today. As we know, the Reserve Bank of India currently has a ban in place prohibiting banks from dealing with crypto-assets. The ban is currently under review by the court as some have called it unconstitutional.

The RBI's arguments until now have seemed rather non-sensical. They've basically been trying to make the case that cryptocurrencies are not money. A difficult case to make to be sure, but even still it shouldn't give cause to shut them down completely and hamper innovation.

In this two-part series from cryptotrader Ran Neu Ner, we can see a great example of some of the wonderful projects that are currently being built in the space.

Let's hope the crypto ban in India is overturned today!

Continue Reading
Click to comment

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

on

Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

Continue Reading

Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Published

on

Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has…

Continue Reading

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

Published

on

Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first…

Continue Reading

Trending