Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: stormgain.com on July 29, 2019, 03:28:21 PM
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StormGain, the crypto trading platform with zero commissions and user-friendly user interface and features, like the purchase of Bitcoin for 1% of its value, is now the official sponsor for Newcastle United, The English Premier League FC.
The StormGain brand will be present on Newcastle United shirts in 2019/2020. Thanks to this, all fans of the team in Europe, Latin America and Asia and other countries of the world will be able to know about the opportunities that StormGain has.
Alex Althausen, StormGain CEO said: “We are thrilled to be partnering with an exciting and a leading football club such as Newcastle United. We believe the collaboration of cryptocurrencies and mainstream sports is inevitable, therefore it's a privilege and honor for StormGain to be the spearhead of the blockchain community colliding with mainstream sports”
Dale Aitchison, Newcastle United Head of Commercial said: “We are delighted to welcome StormGain on board as Newcastle United’s new Official Sleeve Partner. “We are always looking to support the club’s development by pursuing new commercial opportunities and this represents another important partnership for the club. StormGain will offer a range of incredible opportunities and money-can't-buy experiences for fans, so we are really excited to be working together.”
Newcastle United fans will be able to take part in StormGain promotions. As part of the promotion, one can get the opportunity not only to attend matches and trainings at Newcastle United, but also play football with their favorite players and get signed T-shirts from players.
About StormGain
Cryptocurrency trading platform StormGain was launched in the summer of 2019, with a team with many years of experience in finance and technology. The key benefits of StormGain are:
- the ability to quickly open an account and start trading within a few seconds. Thanks to this, one can use all the opportunities arising in the cryptocurrency market.
- Most popular cryptocurrencies are available for trading. This allows you to trade the most interesting assets.
- the ability to trade with multiplier up to 1: 100,
- the ability to use the site simply for the purchase and storage of cryptocurrency.
- customer accounts and other calculations are conducted in a stable cryptocurrency Tether (USDT).
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I heard such things about Liverool and some other football clubs. Sport teams are becoming to be involved in cryptocurrencies.
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StormGain has launched trading signals for crypto
The cryptocurrency platform StormGain, the official sponsor of the Newcastle United Football Club, has launched a trading signal service for its registered clients.
Trading signals do not require special skills and are available to all StormGain traders. Simply open the “Markets” section in the StormGain application and select the appropriate cryptocurrency for trading.
On the chart of this cryptocurrency, there will be a “Signal” button. After clicking on it, you will receive information about the best direction for opening a deal, about the sum of money and a multiplier to use in this deal. In addition, the signal description will contain information about the stop-loss and take-profit levels that are suitable for this trade. After clicking on the “Use Signal” button, you just need to confirm your choice on the next screen.
StormGain CEO Alex Althausen said: “We are pleased to offer the most useful service for cryptocurrency enthusiasts - trading signals. Thanks to this service, everyone can get notifications about the most interesting opportunities available on the market. Making a profit with cryptocurrencies becomes easier with trading signals”.
With trading signals, beginners and experienced crypto traders do not need to spend a lot of time analysing the market situation. Trading signals are all that is needed to get the most relevant information on popular cryptocurrencies and make profitable deals on cryptos. And even if you don’t know how to trade, you can learn about trading directly through the StormGain application.
Register on StormGain and get access to trading signals right now!
About StormGain
The cryptocurrency trading platform StormGain was launched in the summer of 2019, by a team with many years of experience in finance and technology. StormGain is also an official sleeve partner of Newcastle United FC, one of the leading EPL clubs.
StormGain key benefits:
• Free SWAPs for day traders and fixed number of overnight SWAPs.
• Low commission on trades.
• Quick and easy registration.
• Liquidity - 100%, 24/7 trading on every instrument offered and access through mobile and desktop.
• Up to 1:100 multiplier.
• Clear and transparent commissions for cryptocurrency exchanges.
Legal Disclaimer: StormGain Signals is not a service to provide legal and financial advice; any information provided here is only the suggestion made by automated algorithm (not advice or financial advice in any sense, and in the sense of any act, ordinance or law of any country) and must not be used for financial activities. No method or trading system ensures that it will generate a profit, so always remember that trade can lead to a loss. Trading responsibility, whether resulting in profits or losses, is yours and you must agree not to hold StormGain Signals or other information providers that are responsible in any way whatsoever.
StormGain has launched demo accounts for crypto traders
The StormGain crypto trading platform, the official sponsor of Newcastle United Football Club, provides the opportunity for traders to use demo accounts.
Using demo accounts is completely free and does not require special knowledge. Demo accounts are funded with 50,000 USDT (Tether, equal to 1 USD), that one can use to try trading with StormGain. The functionality of demo accounts is totally similar to that of real accounts. You can set both a market and a pending order, set a stop-loss and take-profit, as well as turn on the deal volume auto-increase system. It will allow you to avoid closing your deal after a margin call, when the loss is close to 50%, if you have funds in your account.
StormGain CEO Alex Althausen said: “Demo accounts are a traditional instrument of the financial market. With this feature StormGain will be able to protect it’s traders from losses that are caused by lack of experience on cryptocurrency market”.
One of the interesting features of demo accounts is the ability to set various alerts. They will allow you to constantly be aware of what is happening on the cryptocurrency market. Thanks to the quick process when opening accounts, you can start using a demo account in seconds, and when you fully master the platform’s functionality, you can switch to a real account in just a few clicks.
Demo accounts will be useful for both novice traders and those who have cryptocurrency trading experience. Everyone can try crypto trading without having to deposit their own funds, in other words, there is no financial risk. On demo accounts, you can use the multiplier up to 1:100, which provides various opportunities for testing your strategies. Another important factor is that if you don’t have any experience in trading cryptos, you can learn how to trade in special educational part directly in the StormGain application.
Use all of the opportunities that are available to you! Start with demo accounts on the StormGain cryptocurrency platform and become a successful cryptocurrency trader!
About StormGain
The cryptocurrency trading platform StormGain was launched in the summer of 2019, by a team with many years of experience in finance and technology. In late summer 2019, StormGain became a Newcastle United FC sponsor, one of the leading EPL clubs.
StormGain key benefits:
Free SWAPs for day traders and fixed number of overnight SWAPs.
Low commission on trades, and transparent commissions for exchange.
Quick and easy registration.
Liquidity - 100%, 24/7 trading on every instrument offered and access through mobile and desktop.
Up to 1:100 multiplier.
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This is a good news to every cryptp enthusiasts world wide. I think this we help create more awareness about cryptocurrency.
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Earn 10% interest on your crypto deposits with StormGain!
We’re glad to announce an absolutely new era of making money on your crypto assets. Starting on 28 October, 2019, StormGain clients will receive guaranteed interest on their deposits equivalent or higher than 100 USDT.
Traditional crypto trading is highly profitable, but also requires crypto traders to take quite high risks. StormGain aims to make the cryptocurrency market more attractive for everyone and to provide maximum opportunities for making profit. That is why we are launching this great new feature that will allow one to increase their savings with a 10% annual interest, absolutely without any risks.
How to earn interest with StormGain
Your investments are an driving factor in the StormGain investment lifecycle. To begin, your deposits allow StormGain clients to trade with a multiplier. For example, if a trader has 1000 USDT, our platform will permit them to open a deal for 5000 USDT using investors money. Of course, this opportunity is not free for traders - a fee is charged for the use of borrowed funds. On average, depending on the instrument and type of trade, the fee is 14% per annum, while 10% of it is given back to you, the investors, as the interest. The cycle is then closed with your return in interest on your investement.
Get guaranteed profit on your deposits in 4 simple steps:
Download the StormGain app for iOS or Android or register your account here.
Apply for the interest rate.
Deposit at least 100 USDT on your StormGain account.
Start making money with StormGain, official sleeve sponsor of Newcastle United FC.
Earn crypto interest
The interest will be calculated daily on the amount of all crypto in wallets and in trade. The earned interest rate will be paid in USDT to your account. Seize the opportunity today to increase your crypto investments!
JOIN NOW
Read the terms and conditions: Promo rules
StormGain up for Best Multi-Asset Trading Platform with Finance Magnates Awards
We’re glad to announce that cutting-edge crypto trading platform StormGain, the official sponsor of Newcastle United Football Club, takes part in Finance Magnates Awards. Vote for us and enter a raffle to win 500 USDT.
StormGain is a new, but a promising crypto trading platform, that allows everyone to easily enter a cryptocurrency market. We have a vast amount of features that aims to let everyone to become a successful crypto trader. One can use trading signals, technical analysis, educational materials, demo accounts and other features that will let your crypto assets bring you profit. Even the ones who just want to hold crypto can earn 10% interest on their deposits.
Vote for the most traded-friendly crypto currency trading platform in the following categories, if you are attending the event!
BEST MULTI-ASSET TRADING PLATFORM
BEST EMERGING FINTECH STARTUP
Voting is open on Finance Magnates until 1 November, 2019.
Once you've voted, head to our StormGain app , and register using promo code FMD to enter the raffle to win 500 USDT.
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Now you can instantly buy crypto via bank card with StormGain
The StormGain trading platform with multiplier now provides new opportunities to purchase cryptocurrencies with fiat money, using your credit or debit card.
Now one can instantly fund an account in Bitcoin, Litecoin, Ethereum and other cryptocurrencies on StormGain in a straight-forward and easy fashion.
How to buy Bitcoin with bank card?
1. If you want to buy cryptocurrencies, simply choose a cryptocurrency type and select “Deposit”.
2. Next, a modal window will open where you’ll choose the option “Buy cryptocurrency using credit or debit card”.
You’ll then be redirected to the payment system site, where you’ll need to enter your bank card details. After processing the payment, your funds will be automatically converted into the cryptocurrency you’ve chosen at the current exchange rate. The cryptocurrency you’ve bought will be stored on your account at StormGain, official sponsor of Newcastle United, a leading English Premier League football club.
You can fund your account both in the web version as well as iOS and Android versions of the StormGain trading and exchange platform.
This is the opporunity you’ve been waiting for - a simple and easy way to buy crypto, thanks to the user friendly interface of the StormGain trading platform and the ability to purchase cryptocurrency with a bank card!
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Top cryptocurrencies crash hard
The crypto market was in free-fall this Friday as cryptocurrency trading platform Stormgain estimated losses across some of the most popular digital currencies at more than 10%.
Experts have also noted a significant drop in capitalisation, with $40 billion in capital exiting the market over the course of the month.
The downturn can be largely attributed to the negative news climate, which is weighing on digital asset prices.
This comes after PayPal CEO Dan Schulman went public with his reasons for pulling out of Facebook's crypto project, stating that the company's Libra Association exit was a result of ongoing regulatory uncertainty.
At the same time, blockchain project Polymath snubbed the Ethereum network in favour of the Substrate framework. Meanwhile, Ripple has been accused of illegal practices. According to crypto analytics firm Messari, 2.2 billion locked tokens could also find their way into the market and push the price down even further.
In all likelihood, the market will continue on its downward trajectory into the near future. After slipping below its psychological level of $8000, Bitcoin could now lose even more ground to drop below its $7500 support. Similarly, Ethereum could also slide as far as $155, with Bitcoin Cash, XRP and Litecoin slipping to $225, $0.23 and $50 respectively.
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Bitcoin leads major cryptocurrencies on downtrend
The biggest digital currencies were largely down this Tuesday. According to data supplied by trading platform StormGain, some of these majors lost as much as 8-9%. Meanwhile, the flagship cryptocurrency Bitcoin fell below its key psychological support of $7000.
Many took these movements as a correction leading up to the growth spurt seen in previous days. However, this upward trend eventually proved to be short-lived and of little consequence.
The crypto market received some bad news in the form of reports that a Chinese district court has frozen $676,000 worth of assets belonging to mining firm Bitmain's Shenzhen subsidiary. Then, it was reported that blockchain projects were being shut down in Europe in compliance with an EU anti-money laundering directive.
However, some experts have put forward another explanation for the fall in the price of Bitcoin, citing the impact of a mass sell-off of assets from the PlusToken Ponzi scheme.
One negative development for Ethereum was the news that startup Parity Technologies will transfer the maintenance of its Ethereum client to a new decentralised autonomous organization (DAO).
This comes as suspicious activity was discovered on the Litecoin network, with the possibility of an attempted hack of coin holder details not yet officially ruled out.
In all likelihood, the major digital currencies will continue on their current downward trend. Bitcoin could fall to $6700, before sliding further to $6500. Meanwhile, Ethereum could drop to $125, with Bitcoin Cash, XRP and Litecoin slipping to $190, $0.19 and $38 respectively.
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StormGain crypto trading contest with 100 000 USDT prize starts on 13 March
Want to make some extra money trading crypto? Then get ready for the biggest trading tournament in crypto history. The StormGain Coin Contest officially kicks off on Friday, 13 March, with a whopping 100 000 USDT prize pool at stake and plenty more to play for.
For a whole month, you can put your trading chops to the test to win even more gains while learning to use the best crypto trading platform in the world. The best part is, you don’t have to risk your own money at all!
Test your trading skills in our demo – win real money!
To let everyone show their true trading potential without any fear, the competition will take place using a demo account–it works just like the regular StormGain platform, but with virtual money. The prizes, on the other hand, will be very real. Here’s how it works:
1. Fill in the registration form to get a demo account of 50,000 USDT. Users can register in the tournament at any time – even after it has already started.
2. Trade! By the end of the tournament, 500 players with the top trading results will qualify as winners. Only deals opened/closed during the tournament will be counted.
Important: the tournament starts on the Friday 13 March and lasts until Thursday 09 April.
Glittering prizes for 500 winners
When the competition closes on the 9th of April, the top 500 traders will be awarded prizes from the 100 000 USDT prize pool. In addition, there will be a random prize draw in which all participants will have a chance to win extra money. With nothing to lose and everything to gain, competition is sure to be exciting, and you’ll be able to follow the action live.
How to track your score
All tournament participants will be able to track their live score throughout the Coin Contest. Once the tournament begins, this page will display an online scoreboard showing the trading results of each content in real-time, updated once per hour.
StormGain: the choice of champions
As the official sleeve partners of Newcastle United FC, we at StormGain are no strangers to the sporting spirit. There’s nothing quite like the thrill of competition with real prizes at stake. That’s why we’ve put together the biggest trading tournament in the crypto world.
StormGain believes in winning big – clients can trade with up to 200x multiplier on the most popular cryptocurrency pairs. In the Coin Contest, participants will see just how profitable playing the exciting crypto market can be.
May the best traders win!
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FPM Global announces new partners in forex and cryptocurrency trading
(https://d.radikal.ru/d01/2003/94/80396b070d27.png) (https://radikal.ru)
Financial Partners Marketing Global (fpm.global) is proud to announce new partnerships with the leading fintech companies in the online trading and cryptocurrency space. Effective as of the time of writing, Libertex and StormGain both join the FPM Global family for all their affiliate marketing activities.
The award winning trading app
Fresh off winning a series of awards from Forex Report and European CEO magazine in February, Libertex is proud to join the FPM Global family. Operating since 1997, Libertex offers clients the gold standard in online trading, thanks to its fast, user-friendly trading platform, available on the web or as a smartphone app. Libertex users can access the financial market 24/7 and trade in over 230 financial instruments including stocks, shares. currencies, indices, oil and gas, precious metals and more. The trading platform also has part to play in the sports world, being a Premium Plus Partner of Valencia CF and Getafe CF football clubs in the Spanish La Liga.
StormGain: cutting-edge crypto exchange
FPM Global’s other new partner is StormGain, another finance tech platform that offers convenient trading and exchange, but for cryptocurrencies in particular. As specialists in the crypto world, StormGain enables clients to trade the most popular cryptocurrencies such as bitcoin, litecoin, ether, ripple, bitcoin cash, etc., with up to 200x multiplier. It also offers built-in crypto wallets accessible via the web or its app. StormGain has also garnered praise thanks to its low and transparent fees and commission rates, and a generous loyalty program. The crypto platform has its own football partner in the form of Newcastle United.
About FPM Global
FPM Global is a world-leading affiliate network made up of passionate, detail-oriented marketing experts. The financial specialists at FPM Global will take over the management of affiliate programs for Libertex and StormGain to provide the best possible services and support for new and existing partners.
Current affiliate members of both companies have been welcomed to the FPM Global community, and informed that their previous contracts, credentials and orders remain unchanged. Interested parties can find out all the details about payment plans with Financial Marketing Partners Global here.
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StormGain announces new partnership with FPM Global
(https://b.radikal.ru/b20/2003/d7/ab9b5662a23c.jpg) (https://radikal.ru)
Cutting-edge cryptocurrency trading platform StormGain has joined forces with affiliate network firm Financial Partners Marketing Global (fpm.global) in order to offer the next level quality service and support for its affiliate partners. The partnership, already effective as of the time of writing, places StormGain among several companies being managed under the FPM Global banner.
StormGain – crypto trading for maximum gains
Inspired by the desire to make cryptocurrency trading simpler and more profitable for everyone, StormGain offers a cutting-edge platform for trading through future cryptocurrency contracts. Available on the web or as a smartphone app with an easy-to-use interface, StormGain enables clients to trade with the most popular cryptocurrency pairs with a multiplier of up to 200x. Other notable features of the StormGain platform include free SWAPs for daily trades, the low and transparent fees and commissions, and 24/7 customer support.
FPM Global proud to partner with StormGain
FPM Global is an experienced affiliate company specialised in crafting solutions for businesses in the financial sector. Through FPM Global, partners can expect to prosper in the crypto sphere as well as the wider world of finance.
FPM Global will use its expertise to direct the operations and management of StormGain’s affiliate programs. Current StormGain affiliates have already been informed of the partnership, while their credentials and contracts with StormGain remain unchanged.
Both StormGain and FPM Global have extended their welcome to existing affiliate partners and offer their top-level services to any interested clients. You can find out all the details about StormGain’s affiliate partnerships here, and Financial Marketing Partners Global here.
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Popular cryptocurrencies continue to remain under pressure
The most popular cryptocurrencies continue to show a fairly active drop in quotes on Thursday. According to the digital trading platform Stormgain, Bitcoin Cash feels worse than the rest, losing about 12%.
Uncertainty in the digital asset market is associated with the ongoing negative impact of the coronavirus pandemic on investors' mood. Besides, they ignored a number of fairly positive news for the cryptocurrency market. For example, the Etherscan service added tools for monitoring suspicious activity on its platform, adding the addresses of dubious cryptocurrency wallets to the black list, also allowing you to check the assets for their origin. In addition, Ripple will now be able to provide its services in Singapore without a license until the end of July next year.
It is likely that in the near future the most popular cryptocurrencies will continue to decline in price, despite the predominant positive news. It can be predicted that Bitcoin will soon fall in price to $ 6,500, Bitcoin Cash to $200, Ethereum to $150, XRP to $0.17, and Litecoin to $35.
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Popular cryptocurrencies increase in price because of the positive news from China
The most popular cryptocurrencies show steady growing rates on Friday. According to the crypto trading platform StormGain, they reached 3-6% increase. The reason for this was the news about the start of testing of the national digital currency in China. Messages about this appeared on social networks.
Another positive news was about a new test version of Ethereum 2.0 Topaz which will be released this weekend.
It is likely that in the near future the most popular cryptocurrencies will continue to grow, replacing a short period of corrective decline. In this scenario, Bitcoin could soon go up to the mark of $7,200, Bitcoin Cash - up to $235, Ethereum - up to $175, XRP - up to $0.19, and Litecoin - up to $43.
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Popular cryptocurrencies lose ground after Facebook changes plans
The most popular cryptocurrencies on Monday show a negative trend. According to the digital trading platform Stormgain, the decline in quotes reaches 3%.
The main reason for pessimism in the market was unfavorable news from Facebook, which announced its refusal to issue just one cryptocurrency. Instead, several stablecoins will be issued, which rates are planned to be tied to the most significant world currencies.
In addition, it became known that a major Bitcoin investor from Canada filed a lawsuit against the digital exchanges Gatehub and Bitstamp. The investor accuses them of the fact that due to the fault of the exchanges, he incurred losses of almost $5 million due to incorrect information provided by the trading platforms, and due to problems with accounts.
Probably in the near future, the most popular cryptocurrencies will continue to lose in value. Bitcoin risks falling to the psychological mark of $7,000, Bitcoin Cash - down to $230, Ethereum - down to $180, XRP - to $0.19, and Litecoin - to $40.
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Investors are selling cryptocurrencies focusing on the collapse of the oil market
The most popular cryptocurrencies are losing in value on Tuesday. According to the crypto trading platform Stormgain, the rates of decline reach 10%. This dynamics is observed against the backdrop of the global oil market collapse, where the cost of WTI oil futures for the first time in history reached negative values.
At the same time, market participants ignored a number of positive news about cryptocurrencies. In particular, it became known that China plans to launch a national digital currency for the 2022 Winter Olympics.
In addition, the US Commodity Futures Trading Commission (CFTC) allowed the Chicago Bitnomial exchange to act as a specialized contract market for trading bitcoin futures and options.
It is likely that in the near future the most popular cryptocurrencies will continue to ignore the positive news and will be guided by the pessimistic mood of investors in the global financial markets. In this case, Bitcoin may soon weaken to the psychological mark of $6,500, Bitcoin Cash - to $215, Ethereum - to $165, XRP - to $0.17, and Litecoin - to $37.
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StormGain introduces partnership with Koinal for easy crypto purchase
The leading cryptocurrency trading platform StormGain is proud to announce a new partnership with London-based payment processing company Koinal, enabling new options for purchasing cryptocurrency on its service.
StormGain clients can now buy cryptocurrency for StormGain’s built-in crypto wallets using a fiat debit or credit card via Koinal, benefiting from Koinal’s lower fees. Koinal uses the most sophisticated fraud monitoring and advanced encryption technology in order to ensure the security of transactions.
How to deposit cryptocurrency with Koinal
To buy cryptocurrency using Koinal, simply log in to the StormGain app or web terminal and select the deposit button next to the cryptocurrency wallet that you wish to replenish. The drop-down menu of payment partners will now include Koinal. Specify the amount of money you wish to spend in dollars, and hit ‘deposit’.
You will be redirected to the secure Koinal website, where you will be prompted to enter your card and billing information. The amount of cryptocurrency to be received will be displayed, as well as the amount that will be charged to your card. In the next step, you will be asked to upload an ID document to verify your purchase.
Purchases via Koinal are available for the following cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).
Deposits via Koinal are only available in USD, with a minimum amount of 50 USD and a maximum amount of 20,000 USD per transaction. Transactions are subject to a deposit commission of 4%, and a 0% currency exchange commission.
Important note - cards issued in the following countries are NOT eligible for payments via Koinal: Algeria, Bahamas, Bangladesh, Bolivia, Botswana, Brazil, Cambodia, Cameroon, Canada, Colombia, Cuba, Ecuador, Egypt, Fiji, Gabon, Ghana, Haiti, Iceland, Indonesia, Iran, Jordan, Kenya, Kyrgyzstan, Libya, Lebanon, Macedonia, Malaysia, Mali, Mongolia, Morocco, Myanmar, Nepal, Nepal, Nigeria, North Korea, Oman, Pakistan, Panama, Philippines, Saudi Arabia, Senegal, Sudan, Syria, Taiwan, Thailand, Trinidad & Tobago, Tunisia, USA, Venezuela, Vietnam, Yemen, and Zimbabwe.
Designed to make cryptocurrency trading easy and accessible to everyone, StormGain remains committed to providing our clients with the best benefits and the lowest fees and commissions. To find out more about the advantages of trading on StormGain, see our loyalty program or register and try it for yourself with our demo account.
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Cryptocurrencies look uncertain, Bitcoin is ready to go down to $6500 again
According to the crypto trading platform StormGain, the most popular cryptocurrencies lose in price 9-10% on Wednesday. The fall isn't stopped by the generally positive news: the Central Bank of the Netherlands plans to launch a national cryptocurrency to diversify the payment market.
Meanwhile, Ripple has filed a lawsuit against YouTube video hosting. Ripple accuses YouTube of not combating digital asset fraud actively enough and not checking its content properly.
Probably, in the near future, the most popular cryptocurrencies will continue to feel rather insecure. Bitcoin can be expected to rush down to the psychological mark of $6,500, Ethereum may drop below $170, Bitcoin Cash - to $115, XRP - to $0.18, and Litecoin - to go below $40.
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Popular cryptocurrencies went up because of the plans of Chinese companies
The most popular cryptocurrencies are quite actively growing in price on Thursday. According to the crypto trading platform StormGain, they gained in the range of 2-6%. The news that financial companies in China, including the largest banks, are going to introduce applications based on blockchain technology brought positive effect for the market.
Another reason for optimism was the news that in Venezuela farmers began to receive loans in the national cryptocurrency el petro.
At the same time, the conflict between the company Ripple and video hosting Youtube continues. Ripple Labs sues Google Youtube for failing to counter the fake XRP fraudulent giveaway that caused significant loss to Ripple, damaging its reputation among users.
Probably, in the near future, the most popular cryptocurrencies will be able to continue the emerging growth. In this case, Bitcoin may soon go up in price to $7,300, Bitcoin Cash - to strengthen up to $235, Ethereum - up to $185, XRP - up to $0.19, and Litecoin - up to $43.
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Popular cryptocurrencies raise in price because of China
The most popular cryptocurrencies are actively growing in price on Friday. According to the crypto trading platform StormGain, the growth rate exceeds 8-9%. An occasion for optimism was again given by China: testing of the national cryptocurrency begins. Clients of food networks like Starbucks and McDonald’s will be allowed to pay in digital yuan.
In addition, the good news for the market and for Ethereum in particular was the announcement that the Chinese court recognized ETH as a property of economic value.
It is likely that in the near future, the most popular digital assets will continue to demonstrate upward trend rates. In this scenario, Bitcoin could soon go up in price to $7,600, Bitcoin Cash - to $245, Ethereum - to $190, XRP - to $0.2, and Litecoin - to $45.
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Bitcoin halving is coming: what can we learn from history?
2020 is a special year for Bitcoin. On 12 May, the number of bitcoins (BTC) awarded to miners every 10 minutes (known as block rewards) will drop by half, from 12.5 to 6.25. This is all part of Bitcoin’s design. Every 210,000 blocks, or roughly every four years, the total number of bitcoins that miners can potentially earn is halved. Add to that the finite total number of bitcoins in existence (the last BTC is expected to be mined sometime in the 2040s), and you have an asset that resembles a precious resource such as oil or gold.
Supply and demand: why the BTC price should increase after halving
Bitcoin hodlers, traders and investors are excited about May’s Bitcoin halving, because many expect the price of BTC to shoot up in value. This should be logical for anyone who has an idea about basic economics.
The supply of bitcoins entering the system will suddenly drop, but demand is not subject to any such technical limitation, so it should stay the same. In theory, this should make every bitcoin more valuable, and drive up the BTC price.
What happened after previous bitcoin halving events?
Historically, the price has gone up following a halving. Bitcoin’s first halving event was on 28 November 2012, when the bitcoin rewards dropped from 50 to 25 BTC per block. On the day itself, BTC price rose from $11 to $12, and continued to climb throughout the next year, reaching $1,038 on 28 November 2013.
Four years later, the market anticipated the halving and the BTC price actually began to climb about a month before the second event cut rewards down to 12.5. When it actually happened on 9 June 2016, Bitcoin’s price surged from $576 on 9 June to $650 and followed a pattern similar to the previous post-halving price rise. BTC stayed bullish overall throughout the next year and traded at $2,526 on 9 July 2017.
History therefore teaches us that halving events tend to kick off long-term bull runs for Bitcoin, and that investors and traders should buy before the halving event in order to profit off the price increase.
Will it be the same in 2020?
Some would point to the fact that Bitcoin is more mainstream now, and so the current price may already have the halving ‘baked in’ as investors won’t want to be taken by surprise a third time. However, this also means that there are many new players in the game, who will see this as their chance and buy before the event, especially given what happened after previous Bitcoin halvings.
If the Bitcoin price starts going up just before 12 May 2020, traders who were previously on the fence might join in and start buying BTC out of a fear of missing out, which would drive the price up even faster due to increased demand.
Traders with an interest in Bitcoin and the means to buy should then certainly consider the potential payoff of acquiring more BTC, before the halving makes the asset scarcer.
StormGain - the fast and easy way to buy BTC
Time is running out for Bitcoin buyers as the May bitcoin halving event approaches. Be ready for this by joining StormGain, the most effective crypto trading tool to buy bitcoin and to profit from the future price increase.
Available as a user-friendly app or web platform, StormGain allows you to easily buy BTC with a credit or debit card. Once you have your bitcoin, you can maximize your profits by trading with an up to 200x multiplier and 100% liquidity, or hold it in our integrated BTC wallet to benefit from StormGain’s generous interest rates and bonus. Thanks to our low and transparent commissions, you have the best platform to trade crypto how you want, when you want, and keep as much of your gains as possible.
Registering with StormGain is easy and only takes 5 seconds. Don’t miss out! Sign up now and get your BTC before the price goes up!
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Popular cryptocurrencies are growing in price, Bitcoin is aiming for $7800
According to the crypto trading platform StormGain, the most popular cryptocurrencies added within 5% on Monday.
The reason for optimism, in particular, was the statement of Ethereum founder Vitalik Buterin, who explained what kind of application ASIC miners can find after switching the network from the Proof-of-Work consensus algorithm to Proof-of-Stake. According to him, after the launch of Ethereum 2.0, miners will switch to mining other coins using the Ethash algorithm.
At the same time, there were some negative news that the organizers of the fake raffles stole 8.5 million XRP from users for a total of more than $ 1.5 million was.
Probably in the near future, the most popular cryptocurrencies will continue to go up. In the event of such a scenario, Bitcoin could soon grow up to $7800, Bitcoin Cash - up to $250, Ethereum - up to $200, XRP - up to $0.2, and Litecoin - up to $46.
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Popular cryptocurrencies can not decide on the unified direction because of the news from Telegram
The most popular cryptocurrencies do not show a single dynamic on Tuesday. According to the crypto trading platform StormGain, Bitcoin and XRP look better than others, their quotes are in the positive area. Support for the XRP was shown by the statements of the Bloomberg strategist, who believes that Ripple can successfully transform the cross-border payment space. At the same time, the expert is concerned that the influence of Ripple on XRP and the unstable cryptocurrency market may become an obstacle for the coin.
The main positive news comes from Telegram who is still going to issue its own digital currency Gram, despite the fact that an American court forbade them to do it.
It is likely that in the near future, after a short period of multidirectional dynamics, the cryptocurrency market will again decline.
In this scenario, Bitcoin could drop in price down to $7,500, Bitcoin Cash - down to $230, Ethereum - down to $190, XRP - down to $190, and Litecoin - down to $40.
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Popular cryptocurrencies rise in price because of Bitcoin and Ethereum news
The most popular cryptocurrencies are growing moderately in price against the backdrop of a predominantly positive news background. Nevertheless, the rise does not look very impressive, and, according to the crypto trading platform StormGain, digital currencies added no more than 1.5%.
Favorable for the market was the assessment of the prospects of Bitcoin from the head of Bitcoin Lab, especially in the context of the economic crisis caused by the coronavirus. He believes that in the current conditions this cryptocurrency will go up. In addition, there were positive news about the launch of the first multi-client testnet of the Ethereum 2.0 blockchain.
It is likely that in the near future the most popular cryptocurrencies will continue to grow in price and in this scenario, Bitcoin can rise above the psychological mark of $8,000, Bitcoin Cash - up to $245, Ethereum - up to $200, XRP - up to $0.22, and Litecoin - up to $47.
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Popular cryptocurrencies show a controversial trend
The most popular cryptocurrencies do not show a unified dynamics of quotes on Wednesday. According to the cryptocurrency trading platform StormGain, Bitcoin and XRP look better than the others, but their increase in prices looks rather insignificant.
An unknown company in Puerto Rico sued Ripple, accusing it of violating U.S. laws due to the sale of unregistered securities in the form of XRP cryptocurrency for a total amount of over $ 1 billion. And the digital trading platform BitMEX said that implementation of Ethereum 2.0 will be quite difficult and will take a long time due to the complexity of the processes.
Probably, in the near future, the most popular currencies will continue to look rather uncertain. It is possible that they will still maintain mixed dynamics. It is possible that Bitcoin will soon go below the psychological mark of $ 9,000 and may fall in price to $ 8,800, Bitcoin Cash - to $242, Ethereum to drop below $200, XRP - to $0.21, and Litecoin - to $45.
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Popular cryptocurrencies rise in price ahead of bitcoin halving
The most popular cryptocurrencies demonstrate a fairly active growth in quotations in anticipation of bitcoin halving in mid-May. The Bitcoin exchange rate, according to the cryptocurrency trading platform StormGain , temporarily rose above the psychological mark of 10 000 dollars, which happened for the first time since February. Market participants are waiting for a bitcoin halving, as they expect that it can change the entire mining industry, which is currently concentrated mainly in China.
Another positive news came from Ethereum developers: they will introduce free transactions and scaling in the current version of the network.
It is likely that the current growth of the most popular currencies will continue in the near future. In this case, Bitcoin can again rise above 10 000 dollars with the next goal of 10,500 dollars. Bitcoin Cash has a chance to rise in price to $255, Ethereum - to strengthen up to $220, XRP - to $0.22, and Litecoin - to $49.
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The perfect time to buy Bitcoin has arrived, but you need to act fast
The next week will be a critical time for anyone interested in Bitcoin (BTC), as it presents an opportunity for profit that you shouldn’t miss. The scheduled Bitcoin halving event will happen on 12 May 2020. After this date, the number of bitcoins awarded to miners will be permanently and irreversibly halved.
As a result, the bitcoin supply will go down relative to demand, which should make each unit of BTC more valuable. This halving is built into Bitcoin’s design and happens roughly every four years. We’ve been through two previous halving events before, and each time, the price of Bitcoin has significantly increased. It didn’t just happen immediately but spanned over the following years.
Anyone who bought bitcoin before the previous halving events would have profited immensely from their investment. This May, we all get another chance to get in on the action, and StormGain will be the smartest place to buy your BTC.
Experts believe the BTC price will go up after 2020 halving
Expert cryptocurrency traders and investors are excited about the potential price rise of Bitcoin, following the halving event. A recent Forbes article predicted that a new wave of bitcoin millionaires would emerge in May 2020, thanks to the halving. Bloomberg also reported that we could be on the verge of a 2017-like massive bull run on Bitcoin, that could see the price skyrocket. This isn’t just because of the halving, but because the report also mentions the economic instability of the coronavirus pandemic has made Bitcoin more attractive compared to fiat currencies.
Influential people in the cryptocurrency community have made some impressive-sounding predictions of their own. Well-known Bitcoin billionaire Tim Draper is convinced that the price of one bitcoin could rise to $250,000; former Goldman Sachs GS hedge fund manager Raoul Pal predicts that the price of bitcoin will reach $1,000,000 within 3 years after the halving, and Silk Road founder Ross Ulbricht forecasts a crazy-sounding price of $333,000,000 per bitcoin.
Bitcoin hodlers are also adding more and more BTC to their hoards in anticipation of the halving, which is already driving prices up. It’s the perfect time to buy bitcoin as an investment, but the cryptocurrency is becoming more expensive every day. For anyone still on the fence about the halving, the writing’s on the wall and it’s better to buy now than regret later.
Time is running out - buy BTC on StormGain with a 15% deposit bonus, 10% interest
If you’re looking to profit from the price increase of Bitcoin following the halving event, then StormGain is the best platform to use. Not only does StormGain allow you to quickly and easily buy bitcoin with a regular credit or debit card, but we offer a deposit bonus of up to 15% and a built-in secure wallet to store your cryptocurrency.
Once you have your bitcoin, you can hodl it in your StormGain crypto wallet and benefit from great interest rates of up to 10% APR. Alternatively, you can maximize your profits by trading in a newly bullish bitcoin market with an up to 200x multiplier, 100% liquidity and the lowest fees in the business.
Available as a smartphone app or web platform, StormGain has won several awards for its intuitive and user-friendly design, and plenty of praise for its friendly and responsive support team. Even if you’re completely new to cryptocurrency, it’s the perfect time to buy bitcoin and join the next generation of bitcoin billionaires.
Registering with StormGain is simple and only takes 5 seconds. Don’t miss out! Sign up now and buy your BTC with a 15% deposit bonus before the halving drives the price up!
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Popular cryptocurrencies rise in price ahead of bitcoin halving
The most popular cryptocurrencies demonstrate a fairly active growth in quotations in anticipation of bitcoin halving in mid-May. The Bitcoin exchange rate, according to the cryptocurrency trading platform StormGain , temporarily rose above the psychological mark of 10 000 dollars, which happened for the first time since February. Market participants are waiting for a bitcoin halving, as they expect that it can change the entire mining industry, which is currently concentrated mainly in China.
Another positive news came from Ethereum developers: they will introduce free transactions and scaling in the current version of the network.
It is likely that the current growth of the most popular currencies will continue in the near future. In this case, Bitcoin can again rise above 10 000 dollars with the next goal of 10,500 dollars. Bitcoin Cash has a chance to rise in price to $255, Ethereum - to strengthen up to $220, XRP - to $0.22, and Litecoin - to $49.
A rally in bitcoin led the cryptocurrency market higher on Friday. ... The upcoming “halving” event in bitcoin has helped support the recent price rise. Industry participants say that stimulus measures from global central banks as well as recent interest from institutional investors has helped boost bitcoin's price.
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Popular cryptocurrencies rise in price on Durov's promises
The most popular cryptocurrencies continue to show positive dynamics after the statements of the head of the Telegram messenger Pavel Durov, who made concessions to investors after the announcement of the closure of the TON blockchain project. According to the cryptocurrency trading platform StormGain, the growth rate of digital assets reaches 5%
Telegram promises investors, living outside the United States, that the return on their investment will be at least 110% in any case. Some of the cryptocurrency buyers who have invested in the Durov's project have already agreed to these conditions.
Another factor that supports the market is the Ethereum Classic hard fork which is scheduled for June 2. Market participants do not exclude that after the onset of this event, the price of the asset will show a significant increase.
Probably, the most popular cryptocurrencies will continue to demonstrate positive dynamics of quotes. You can predict a growth of the Bitcoin exchange rate to $9,400, Bitcoin Cash - up to $240, Ethereum - up to $200, XRP - up to $0.2, and Litecoin - up to $44.
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Popular cryptocurrencies look contradictory, but have a chance to grow
The most popular cryptocurrencies look uncertain, despite a number of positive news on Friday. According to the cryptocurrency trading platform StormGain, Bitcoin and Ethereum look better than the others which quotes have moved to the negative area.
At the same time, Chinese authorities are going to stimulate mining in the country, since this type of activity will help to spend the accumulated surplus of electricity. In addition, the German bank Bitwala began working with cryptocurrencies and will pay interest on deposits in bitcoins. Moreover, Reddit began testing tokens based on Ethereum.
Despite the current conflicting dynamics, the most popular cryptocurrencies have a chance to grow in the near future. It can be predicted that the Bitcoin exchange rate will soon rise to the level of $9,600, Bitcoin Cash - up to $240, Ethereum - up to $210, XRP - up to $0.21, and Litecoin - up to $45.
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Popular cryptocurrencies rush up on general optimism
The most popular cryptocurrencies continue to go up on Monday, and, according to the cryptocurrency trading platform StormGain, their growth rate reaches 4%.
Oil quotes are increasing quite rapidly as more countries remove quarantine measures introduced in connection with the coronavirus. In addition, the co-founder of the Qiwi group will provide a loan to the founder of the Telegram messenger Pavel Durov, who was never able to launch the TON blockchain platform. Moreover, Ripple's Japanese partner SBI Holdings intends to use XRP tokens to conduct transactions through ATMs in Japan.
The most popular cryptocurrencies in the near future can continue to grow because of an optimistic investors' sentiment. In this scenario, Bitcoin could rise again to the psychological mark of $10,000, Bitcoin Cash - up to $260, Ethereum has a chance to go up to $225, XRP - up to $0.21, and Litecoin - up to $48.
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Popular cryptocurrencies rise in price on a whole block of positive news
The most popular cryptocurrencies are growing in price on Wednesday, but, according to the cryptocurrency trading platform StormGain, the rates of their rise look quite moderate.
Positive dynamics is observed against the background of a favorable message for the market: Reddit will pay its users a fee in Ethereum tokens for publishing content and comments. And Square's Cash App launched the services enabling users to automatically acquire bitcoin. In addition, the gaming company Atari Group began to cooperate with the Litecoin Foundation.
The most popular cryptocurrencies in the near future have a chance to increase growth rates. In a favorable scenario, Bitcoin can go up to $9,900, Bitcoin Cash - up to $250, Ethereum - up to $220, XRP - up to $0.21, and Litecoin - up to $47.
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Popular cryptocurrencies go down because of the news from JP Morgan
The most popular cryptocurrencies are mainly falling in price on Monday, and, according to the cryptocurrency trading platform StormGain, their rate of decline reaches 3-4%.
The reason for the negative mood was a statement by analysts from the American investment bank JPMorgan that if the national digital currency is introduced into the United States, the country's economy will suffer heavy losses. At the same time, experts believe that in other countries where a national cryptocurrency can be launched, it will be possible to reduce dependence on the dollar, but this is a matter of the distant future.
At the same time, the news that the Iranian authorities are working on an expanded strategy for the development of mining had a positive effect on the market. According to the Iranian president, this type of activity can become the main source of state budget income.
The most popular cryptocurrencies might continue to become cheaper. In this case, Bitcoin risks falling to $8,500, Bitcoin Cash - to $220, Ethereum - to $190, XRP - to $0.19, and Litecoin - to $40.
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Telegram drops TON after battle with SEC
opular messaging app Telegram has pulled the plug on Telegram Open Network (TON), the company’s ambitious blockchain project. According to Telegram founder Pavel Durov, the shutdown comes as a direct result of Telegram’s long-running legal battle with the US Securities and Exchange Commission (SEC).
Durov admitted defeat on Tuesday, announcing to the public: ‘Today is a sad day for us here at Telegram. We are announcing the discontinuation of our blockchain project… I am writing this post to officially announce that Telegram’s active involvement with TON is over.’
US court bans gram around the world
The Telegram CEO also revealed that the US regulator had successfully sunk the TON project and stopped the accompanying gram cryptocurrency from being distributed to investors, regardless of whether they are based in the US or not.
‘Unfortunately, a US court stopped TON from happening… the US court declared that grams [cryptocurrency] not only couldn’t be distributed in the United States, but globally.’
Durov’s announcement detailed the reasoning behind the judge’s verdict, ‘a US citizen might find some way of accessing the TON platform after it launched. So, to prevent this, grams shouldn’t be allowed to be distributed anywhere in the world – even if every other country on the planet seemed to be perfectly fine with TON’.
The Telegram founder struck a note of resignation as he explained the ‘difficult decision’ not to proceed with TON, noting that ‘Sadly, the US judge is right about one thing… we are still dependent on the United States when it comes to finance and technology’.
Is there a future for TON?
Telegram has been working on its next-generation blockchain platform and gram currency for over two years. TON was designed according to the principle of decentralization, along the lines of Bitcoin and Ethereum. The idea was a faster, more scalable, and all-round superior version of what the Ethereum network can offer today. A blockchain network that could scale up to replace high-volume transaction mechanisms such as credit cards.
However, Telegram’s project has had to fight for its survival since the SEC challenged TON last year, after the blockchain initiative raised around $1.7 billion from investors in an ICO.
The SEC stepped in to stop the sale in October 2019, claiming that the gram tokens counted as unregistered securities. The legal struggles continued until March, when a US judge came down on the side of the regulator. Telegram has offered to pay back its investors.
TON and gram are both dead in the water for now, and Durov has warned against scams that may try to take up the brand’s name.
‘While networks based on the technology we built for TON may appear, we won’t have any affiliation with them and are unlikely to ever support them in any way. So be careful, and don’t let anyone mislead you,’ said Pavel, warning investors not to trust such actors with their money or data. He concluded his statement by wishing luck to ‘all those striving for decentralization, balance and equality in the world. This battle may well be the most important battle of our generation. We hope that you succeed where we have failed.’
How to get the best deals on the crypto market
TON may have been shut down by the SEC, but as Pavel says, the crypto world is more vital than ever. With Bitcoin getting a boost from its recent block halving, Ethereum getting ready to upgrade to version 2.0, and other innovative altcoins on the horizon, there’s never been a better time to get into cryptocurrency trading with StormGain.
Available as a user-friendly smartphone app or on the web, StormGain enables users to trade cryptocurrency pairs with an up to 200x multiplier. The award-winning platform offers secure integrated crypto wallets to store your cryptocurrency, and the most generous bonuses for clients.
If you’re ready to join the ‘most important battle of our generation’ and profit from the rise of cryptocurrency, then register with StormGain in just a few seconds and enjoy up to 15% bonus on deposits, and up to 10% APR interest bonus on holdings.
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Crypto’s PR problem: trust is building slowly
The concept of trust has been integral to cryptocurrency since its inception. The same can be said of money itself. Blockchain was created as a technological solution to ensure trust on a peer-to-peer level. This desire stems from a lack of trust in third parties that act as guarantors of trust in traditional money, in other words, banks, governments and other economic institutions.
Therefore, it’s interesting to note the findings of the special cryptocurrency edition of Edelman’s Trust Barometer report, which was released earlier this week. Working with a sample size of 34,000 adults (18+ years old) across 28 countries, the survey carried out by the PR company is by no means comprehensive, but still offers some intriguing insights into the public perception of cryptocurrencies.
Crypto isn’t the biggest tech fear
Edelman started its surveys in 2001, and since then, its annual reports have been a highly regarded barometer of public trust in social institutions.
On a more general note, its 2020 annual survey (published in January, before COVID-19 became a serious global economic shock), revealed plenty of concerns about technology’s increasing importance in the world economy. A majority of people felt that pace of change was too fast, with over 80% of those surveyed specifically worried about losing their job to automation. Over half the participants expressed doubt as to whether capitalism was working at all.
Almost 50% of people surveyed across markets in the cryptocurrency edition of the Edelman Trust Barometer report generally trust cryptocurrencies. By comparison, only 10% more people trust banks.
Stark US-China divide in crypto trust
Blockchain trust by country also throws up some interesting contrasts and highlights some geopolitical realities. 34% of US respondents trust cryptocurrency, a slight drop from 2019. As the world’s biggest economy, the US is a highly coveted market among crypto firms, but with a decline in trust and a vested interest in protecting the dominance of the dollar, it could well be other countries that end up fuelling crypto’s future.
Over 80% of Chinese respondents trust crypto, a 10% increase since last year. Trust in crypto also jumped up significantly in Latin markets such as Argentina, Mexico, Colombia and Brazil. The native currencies of these countries have suffered a lot from depreciation against the dollar in 2019, so it’s no surprise that the US’ southern neighbours would look to crypto as an alternative to dollar domination.
Crypto’s potential for good
Overall, only 35% of respondents believe cryptocurrencies and blockchain technology will have a net positive impact. Given the ideological motivation behind crypto’s founding, it still faces an uphill struggle to convince people of its noble intentions.
The US and China are also very split on whether cryptocurrency is a good or bad thing. Just 26% of US participants are convinced of blockchain’s potential for good, whereas China’s figure is 62%.
Given the Chinese government’s official support for blockchain research, and the imminent launch of the digital Yuan, it is China, rather than the land of the free, that emerges as the biggest champion for blockchain.
Majority support regulation
Perhaps the strong numbers in China are unsurprising when one considers that over 60% of respondents agreed that the cryptocurrency sector needs more regulation. This hints that in order to reach mainstream and adoption, cryptocurrency cannot always be opposed to governments and banks, but rather must find a way to work together to win public trust. This process is already well underway. It increasingly looks like blockchain will improve existing financial institutions, rather than replace them.
Overall, the trend towards mainstream trust in cryptocurrency is positive. Out of the 28 markets surveyed, only three saw trust in cryptoassets go down from last year, and it was only by a small amount. However, one of these was the US, whose disproportionate influence on the world stage cannot be discounted. We’ve just seen, for example, the SEC strike down Telegram’s TON project and gram currency. Indeed, the US doesn’t just have the ability to regulate itself, but the world. Time will tell whether increased adoption in other markets will eventually force the US to change its approach.
StormGain: invest in the future
Edelman’s survey goes to show that people are now coming around to the fact that cryptocurrency isn’t going away, and it’s going to be a part of our lives. Now, the question is how best to apply blockchain for good? The US, as a dominant financial power, is naturally more nervous about this potential for change, but crypto is all about empowering individuals.
And for any individual who wants a stake in the financial technology of the future, StormGain remains the best platform to use. Available as a user-friendly smartphone app or on the web, the award-winning platform enables users to easily buy a range of cryptocurrencies and trade with an up to 200x multiplier. StormGain also offers secure integrated crypto wallets to store your cryptocurrency, and the most generous bonuses for clients, including up to 15% bonus on deposits and up to 10% APR interest bonus on holdings.
Trust in crypto is building slowly but surely, and if you want to be in a strong position in the future, then the time to invest is now. If you’re ready to be part of the crypto age, it just takes a few seconds to register with StormGain and begin reaping the rewards, or to try a demo account for free.
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NUFC players open up in StormGain Answer Time Part 2
StormGain takes to the pitch once again with our official sleeve partners Newcastle United FC for round two of StormGain Answer Time.
In this three-part video series, we get intimate with the magpies and interview the star players about skill, luck and success in the beautiful game - and of course, how much they really know about cryptocurrency, too! Whether you’re a die-hard Newcastle United fan or just crypto-curious, you’ll find some pearls of wisdom among the answers.
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The second episode of StormGain Answer Time is now up, and you can watch Sky Sports News’ Keith Downie chat with Newcastle United players Allan Saint-Maximin (winger), Jamaal Lascelles (defender and captain), Fabian Schär (defender), Matty Longstaff (midfielder) and Karl Darlow (goalie) to get their thoughts on football and finance.
How does it feel to play at the top level in the English league? What’s their favourite position (on the pitch, of course)? What are their career highlights and why? Watch the full video for answers of these questions and more insights into the inner life of a pro footballer.
On the crypto side, you’ll get to know if football and crypto professionals can be friends, and what these top athletes can tell us about the history of bitcoin. Also, what on Earth is a Fabcoin? In addition to the player’s answers, you’ll learn some interesting crypto factoids as they pop up in text boxes throughout the interview.
As the proud sponsor and official sleeve partner of NUFC, StormGain is passionate about making cryptocurrency as accessible and popular as football, with the same enthusiasm that fans bring to support their favourite team on the pitch. That’s why we created the most easy-to-use trading platform in existence, that makes it simple for beginners and experts alike to trade in all the top cryptocurrencies.
Available as a smartphone app or on the web, StormGain is currently offering its users a fantastic annual interest of 10% on your cryptocurrency holdings and a 15% bonus on deposits. Sign up now and start trading with StormGain today for the best deals in the business!
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Popular cryptocurrencies rush down amid an abundance of mixed news
The most popular cryptocurrencies are falling in price on Wednesday, and, according to the cryptocurrency trading platform StormGain, the rate of decline for some instruments exceeds 2%.
Such dynamics are observed against a background of conflicting news flow. In particular, Facebook renamed the wallet for the Libra cryptocurrency and created a new structure for its development. Meanwhile, in China, there is a lawsuit against the major cryptocurrency pyramid - WoToken, which tricked investors into $1 billion. At the same time, it became known that the national cryptocurrency of China will be released ahead of schedule. It will help the country's authorities to deal with possible US sanctions and restore the economy after the coronavirus epidemic.
With conflicting news coming to the market, the most popular cryptocurrencies may continue their downward movement. In this case, Bitcoin can go down to $8700, Bitcoin Cash - to $220, Ethereum - to $200, XRP - to $0.19, and Litecoin - to $40.
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Popular cryptocurrencies look uncertain because of conflicting news
According to the cryptocurrency trading platform StormGain, most cryptocurrencies cannot determine the direction of movement because of conflicting news coming from the market.
In particular, Gemini exchange and Bitwage offered US citizens to open retirement accounts in bitcoins.
At the same time, Goldman Sachs investment bank named many reasons not to invest in this cryptocurrency - among them are high volatility, use in illegal activities, etc.
But a transition to growth is not excluded, then bitcoin can soon go up to $9,300, Bitcoin Cash - up to $235, Ethereum - up to $210, XRP - up to $0.21, and Litecoin - up to $45.
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Popular cryptocurrencies can not decide on the direction because of the conflicting news flow
The most popular cryptocurrencies cannot determine the direction of movement on Monday. According to the cryptocurrency trading platform StormGain, Bitcoin, Ethereum and XRP look better than others.
The reason for the confusion in the market is a huge stream of conflicting news: For example, the Financial Markets Supervision Authority in Switzerland (FINMA) gave permission to InCore bank to carry out cryptocurrency transactions. Also, the mining company Bitmain launches a new device for mining digital currencies. At the same time, the American investment giant JPMorgan Chase will pay $2.5 million in a lawsuit related to overpriced commissions and interest on transactions with cryptocurrencies. In addition, it was decided to postpone the Berlin hardfork of the Ethereum network, due to the need to finalize the update.
Probably, in the near future, the most popular cryptocurrencies will continue to move in different directions. In this scenario, Bitcoin will keep near the mark of $9,500, Bitcoin Cash - around $240, Ethereum - $230, XRP - $0.2, and Litecoin - $45.
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Top Chinese advisors propose new digital currency for Asian trade
Top Chinese political advisers have proposed a new digital currency that could have interesting applications for the greater Asian region.
The proposal was introduced on Thursday during the Two Sessions, China’s largest annual political gathering. It does not specifically reference cryptocurrency, but instead describes the digital asset as a stablecoin. This term refers to cryptocurrencies backed by a reserve fiat currency. This should protect the currency from the erratic price fluctuations that are common with true cryptocurrencies.
The proposed stablecoin would be backed by the Chinese yuan and three other major Asian currencies: the Japanese yen, Korean won and the Hong Kong dollar. With an accompanying digital wallet and payment network for cross-border transfers, it is intended to facilitate trade between the four countries in order to help the region recover from the economic shock of the coronavirus crisis.
People’s Bank of China (PBOC) would head the initiative, which would be organised according to the principle of special drawing rights (SDR), used by the International Monetary Fund (IMF), which scales each country’s currency in proportion to its economy.
If this sounds familiar, it’s because it greatly resembles Libra, the Facebook-led stablecoin project that has since backed down from its original ambitions. The Libra Association is still active, though now intends to create digital versions of existing currencies rather than introduce a proprietary stablecoin.
Hong Kong to serve as the launching point
Neil Shen, founding and managing partner of Sequoia China and a member of China’s upper house, introduced the proposal before Chinese legislators during the first session of the Chinese People’s Political Consultative Conference (PCC). The PCC serves as an advisory upper house where different interest groups and independent members can advise the government on decisions. It is not a legislative organ, so the future of this proposed stablecoin ultimately lies with the government.
The financial centre of Hong Kong is the lynchpin of the proposal, which suggests creating a regulatory sandbox in the city to experiment with the stablecoin, and then gradually scaling up to enable cross border payments with other countries.
Several influential Hong Kong personalities are among the 9 co-signatories of Shen’s proposal, including former chief secretary of Hong Kong Henry Tang, Kennedy Wong, a solicitor of the Supreme Court of Hong Kong, and Hong Kong-based billionaire Songqiao Zhang.
Private companies would work under the auspices of the PBOC to launch and develop the stablecoin, with the latest advancements in fintech. Enterprise users would be provided with a digital wallet to store their stablecoins, and would be able to deposit reserve currency to back it.
The Hong Kong Monetary Authority and PBOC would erect and supervise a regulatory framework to discourage fraud and money laundering.
While the stablecoin proposed on Thursday is not the much-anticipated digital yuan, the proposal suggests that it could be a kind of test run for cases of usage and potential problems that could arise with digital currency, before the official digital yuan is rolled out. If the project is a success, then the two digital currencies could be merged.
Be ready for the digital future with StormGain
Regardless of whether the proposed stablecoin takes off or not, it’s no secret that China is heavily investing in digital currency, and the effect on the world’s economy cannot be ignored. The US Federal Reserve is also discussing their response. In the long-term, the drive towards government-backed digital currencies will boost the crypto market and increase demand for bitcoin and altcoins.
StormGain is here to help you get ready for the crypto revolution. Available as a user-friendly app or web platform, StormGain allows you to trade 24/7 with an up to 200x multiplier and 100% liquidity. Thanks to low commissions and up to 10% APR interest on your deposit, StormGain is easily the most rewarding crypto trading platform on the market today.
Even cryptocurrency newbies can quickly become experts thanks to our in-app education program and dedicated support team. Registering with StormGain is easy and only takes 5 seconds. You can even try it out totally risk-free with our demo account!
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Popular cryptocurrencies are getting cheaper because of the market correction
The most popular cryptocurrencies mainly decline in price as part of the correction. According to the cryptocurrency trading platform StormGain, the rate of decline reaches 2-3%. But Bitcoin Cash, whose quotes are in the positive area, still looks better than other instruments.
A drop replaced a brief period of rather rapid growth of cryptocurrencies. In addition, the news that the Ethereum Classic network crashed due to the Phoenix hard fork became unfavorable for investors.
However, it became known that two Swiss banks received permission to trade cryptocurrencies. And the president of Venezuela ordered that all gas stations in the country accept Petro's national digital currency for payment.
It is likely that in the near future the decline in quotations of the most popular cryptocurrencies will continue as part of the correction. It can be predicted that Bitcoin will drop to around $9,300, Bitcoin Cash will stop growing and drop to $245, Ethereum will drop in price to $230, XRP to $0.19, and Litecoin to $44.
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Popular cryptocurrencies rise in price on positive news
The most popular cryptocurrencies mainly grow in price on Friday because of a mostly positive news background. According to the StormGain cryptocurrency platform, the growth rates for individual instruments reach more than 2%.
A favorable message for investors was the news that the Japanese crypto exchange DeCurrent is going to study the infrastructure of digital payments. To do this, it creates a research group, which will include representatives of large banks, companies and experts.
In addition, the OKEx digital trading platform has launched Ethereum options in the ETH/USD pair. And the Western Union is about to acquire its competitor MoneyGram International, working with Ripple.
Probably cryptocurrencies may continue to grow, depending on the signals entering the market. We can expect that Bitcoin will strengthen to $9,900, Bitcoin Cash to $265, Ethereum to $245, XRP to $0.21, and Litecoin to $50.
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Popular cryptocurrencies can not determine the direction of movement because of conflicting news
The most popular cryptocurrencies, according to the cryptocurrency trading platform StormGain, do not show a common dynamics with a conflicting news background on Monday.
For example, American analysts have come to the conclusion that the national cryptocurrency that China wants to launch will have the most devastating effect on bitcoin and the US dollar.
In addition, Coinbase digital trading platform plans to create a tool to track the movements of cryptocurrencies and extract data about their recipients. It is possible that in the near future the most popular cryptocurrencies will continue to show mixed dynamics. In this case, Bitcoin can go up to $9,900, Bitcoin Cash up to $260, Ethereum up to $250, and XRP, on the contrary, weaken down to $0.19, Litecoin - to $45.
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Popular cryptocurrencies fluctuate despite good news
The most popular cryptocurrencies still can not determine the direction of movement on Wednesday. According to the cryptocurrency trading platform StormGain, Litecoin looks worse than the rest.
At the same time, the market receives mostly positive news flow. For example, Coca-Cola will accept cryptocurrency payments at its offices in Australia and New Zealand. In addition, according to a survey organized by Fidelity Investments, it turned out that about a third of institutional investors own cryptocurrencies. Another good news is that more than 100 thousand wallets will participate in Ethereum 2.0 stacking in early autumn.
It can be expected that the most popular cryptocurrencies will continue to look ambiguous, but moderate growth is not excluded. In this case, Bitcoin has a chance to rise to the level of $9,800, Bitcoin Cash - up to $260, Ethereum - up to $245, XRP - up to $0.21, and Litecoin - up to $47.
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Popular cryptocurrencies are getting more expensive, bitcoin is getting closer to $10,000
According to the cryptocurrency trading platform StormGain, the most popular cryptocurrencies go up, ignoring the mostly unfavorable news.
For example, in China, they began to block the bank accounts of miners, because of the investigation by the country's authorities of a case of major fraud with cryptocurrencies. In addition, the well-known digital trading platform Coinbase is experiencing problems, whose customers massively withdraw bitcoins from the exchange.
Probably in the near future, the most popular cryptocurrencies will continue to show a moderate rise, despite not very good news coming from the market. In this case, Bitcoin can grow to the psychological mark of $10,000, Bitcoin Cash - up to $260, Ethereum - up to $250, XRP - up to $0.21, and Litecoin - up to $48.
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Popular cryptocurrencies are getting cheaper due to the nervous situation in the markets
The most popular cryptocurrencies are getting cheaper on Monday, and, according to the StormGain cryptocurrency trading platform, their rate of decline is 2-3%.
Such dynamics are observed in spite of rather favorable news from the market.
In particular, JP Morgan, an American investment bank, praised Bitcoin's price stability in the current environment. In addition, the representative of the US authorities considers the main cryptocurrencies as a promising tool for solving the problems of American financial institutions.
It is likely that in the near future the most popular cryptocurrencies will continue to fall in price because of the generally nervous situation in the financial markets. In this scenario, Bitcoin can drop to a psychological mark of $9,000, Bitcoin Cash - down to $230, Ethereum - down to $220, XRP - down to $0.18, and Litecoin - down to $41.
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Could BTC really reach $75K ‘‘within weeks’’?
It looks like Bitcoin (BTC) is gearing up for a bull run that will see the price of the most popular cryptocurrency hit $75,000 in a matter of weeks. This impressive figure is based on a new analysis from Cane Island Alternative Advisors’ Timothy Peterson.
Peterson posted a BTC/USD price chart to Twitter on 7 June, which compared Bitcoin’s current behaviour to the digital currency’s performance in 2013, citing an “almost perfect” correlation.
BTC is enjoying a price recovery after dropping down $3,600 in mid-March. Peterson noted that this trend maps almost exactly on to behaviour from seven years ago, and argued, if history continues to repeat, the next step would be a 700% bull run on BTC. Back in 2013, this saw the price for Bitcoin surge up to $1,300 in 2013. A similar bull run in 2020 would target a staggering $75,000.
“The 2020 #bitcoin recovery has tracked the 2013 recovery almost perfectly,” said Peterson. “Are we weeks away from $75,000?”
What happened in 2013?
Such a dramatic spike would be welcome for BTC hodlers, but 2013 did have a unique factor going for it. Anyone familiar with the history of cryptocurrency will recall the fall of Mt. Gox, THE major cryptocurrency exchange at the time.
Originally a trading hub for Magic: The Gathering collectable cards, Mt. Gox ended up processing 70% of all Bitcoin transactions. However, by 2013, battered by a string of disasters including theft by hackers, seizure of assets by federal agents and corporate lawsuits, Mt. Gox was in free-fall. It finally shut its doors in early 2014.
Because Mt. Gox dominated the Bitcoin market at the time, many analysts point to its fortunes as being responsible for Bitcoin’s massive price crash and subsequent recovery to $1,300. Could Bitcoin repeat the pattern today?
Bitcoin today
Bitcoin has enjoyed a healthy recovery since March, and it looks like it won’t drop below $4000 again. Instead, traders are eyeing the $10,000 resistance point for a new breakout. Support at $10,500 has so far eluded bulls, but by most metrics, Bitcoin is performing exceptionally well.
The top digital currency has appreciated over 35% since the start of 2020, compared to gold, which is up 11%. The S&P 500 index has only returned to its value from the beginning of the year.
Overall, the outlook is positive for cryptocurrency in general and Bitcoin in particular.
Exchange balances for Bitcoin are down, as investors seem to be consolidating their assets in anticipation of a price increase. This doesn’t necessarily have to be Peterson’s $75K to be able to make Bitcoin traders a lot of money.
StormGain – your best bet for Bitcoin and more
As investors prepare for Bitcoin’s next surge, even hodlers can benefit from an exchange that offers interest on their accumulated Bitcoin. That’s why StormGain stands out as the best choice. Clients can earn extra money from the crypto sitting in their wallet thanks to the up to 12% APR interest on hodling offered by StormGain.
For anyone just getting started with Bitcoin, it’s time to buy BTC before it becomes too expensive. StormGain makes it easy to purchase Bitcoin, Ethereum, Ripple, Litecoin and more using fiat money via bank transfer or credit/debit card.
Available as a smartphone app or on the web, StormGain is a crypto trading platform that lets you trade the most popular cryptocurrency pairs with up to 200x leverage, higher than any competitor. A community-focused company, StormGain has won several awards for the platform’s ease-of-use and attentive customer support in multiple languages.
Join the #1 crypto trading community and get the best rewards for your investment with StormGain. Registering with StormGain is easy and takes just a few seconds. Sign up now and trade the currency of the future!
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Popular cryptocurrencies fluctuate on mixed news
According to crypto trading platform StormGain, the most popular cryptocurrencies do not show a common dynamic on Tuesday. The news that Ripple plans to expand its international payment network in Brazil turned out to be positive. In addition, the Huobi cryptocurrency exchange has launched trading of two-quarter cryptocurrency futures.
However, it turned out that digital trading platforms are being forced to transfer data about Bitcoin holders to the authorities.
Probably, the most popular cryptocurrencies will continue to show mixed dynamics. At the same time, a transition to moderate growth of quotations is not excluded. In this case, Bitcoin can go up to $9,600, Bitcoin Cash up to $245, Ethereum up to $240, XRP up to $0.2, and Litecoin up to $45.
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Popular cryptocurrencies fluctuate because of the negative news
The most popular cryptocurrencies still can not determine the direction of movement on Thursday. According to the cryptocurrency trading platform StormGain, Bitcoin, Bitcoin Cash and XRP look a little better than the others.
Ambiguous dynamics are observed in reports that the founder of Telegram may sue Facebook and Instagram for using his name for fraudulent purposes in advertising on their portals. Another negative factor for the market is the emergence of information about the increasing complexity of bitcoin mining, which has increased to a maximum of two years ago.
Probably, with a mostly negative news background, popular cryptocurrencies will soon begin to slide down. We can expect that Bitcoin will weaken down to $ 9,300, Bitcoin Cash - to $235, Ethereum - to $225, XRP - to $0.19, and Litecoin - to $42.
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Popular cryptocurrencies weaken because of the news from South Korea
The most popular cryptocurrencies are getting cheaper on Friday, and according to the StormGain cryptocurrency trading platform, losing up to 3%. Such dynamics are observed after the information that the South Korean authorities are going to tax operations with digital assets.
At the same time, the news that one of the largest US crypto exchanges Kraken is going to start working in Australia was able to mitigate the situation somewhat.
Despite the controversial news flow, the most popular cryptocurrencies are likely to continue to show negative dynamics in the near future. In this scenario, Bitcoin could soon fall in price down to $9,100, Bitcoin Cash to $227, Ethereum to $225, XRP to $0.18, and Litecoin to $41.
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Popular cryptocurrencies go up because of the news from PayPal
According to the cryptocurrency trading platform StormGain, the most popular cryptocurrencies rise in price up to 4-5% on Tuesday.
PayPal payment system and Venmo mobile payment service belonging to it will provide users with the option to sell and purchase cryptocurrencies in the next three months.
Probably, because of this news, the most popular digital assets will continue to show positive dynamics in the near future.
In this case, Bitcoin can strengthen up to $9,650, Bitcoin Cash up to $243, Ethereum up to $425, XRP up to $0.19, and Litecoin up to $45.
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Ethereum staking imminent: why ETH is outperforming BTC
Ethereum (ETH) has been on a roll lately, outperforming Bitcoin in terms of gains. The reason is likely to do with an upcoming technical upgrade that promises to increase the value of the Ethereum network, and thus the ETH cryptocurrency.
The second-largest cryptocurrency enjoyed a major rally, shooting up more than 22% in the past week. Over that same period, BTC managed a 14.45% rise.
Ethereum is gearing up to upgrade its consensus algorithm from a proof-of-work (PoW) method to proof-of-stake (PoS). This is a significant change in the way that mining rewards work and should theoretically make the blockchain network faster and more efficient.
The price of the Ethereum cryptocurrency got a boost from the Ethereum 2.0 network upgrade in May. ETH itself is going to be overhauled soon, with the launch of ETH 2.0 due in the third quarter of 2020. The pressure is on to buy up ETH before it is upgraded.
The advantage of proof-of-stake
Proof-of-stake, also referred to as ‘’staking’’, refers to locking up one’s digital assets to improve the effectiveness of a blockchain network. To do this, users have to put up a “stake” to vault their currency. In exchange for staking their crypto and helping to secure the network, stakers receive a share of the block rewards, earning extra cryptocurrency while their assets are locked up.
The process works very much like a savings account, in which participants earn interest for leaving money in their account. Proof-of-stake is also more energy-efficient than proof-of-work. Mining cryptocurrency entails a significant investment in expensive hardware to get rewards, while proof-of-stake is available to anyone who has Ethereum, lowering the barrier to entry.
The number of addresses holding 32 ETH or more (the required balance to become a validator and earn staking rewards on ETH 2.0) could be an indicator that investors are buying up ETH coins in preparation for proof-of-stake.
Will ETH continue to outpace BTC?
Ethereum could continue to outperform Bitcoin, according to technical analysis based on the MACD histogram, a chart that indicates trend changes. Influential analyst @IamCryptoWolf noted that the MACD crossed above zero on the ETH-BTC monthly chart for the first time ever.
This indicates a bullish trend change in the exchange rate in favour of Ethereum and general market confidence in ETH. Investors are throwing their weight behind Ethereum to prepare for proof-of-stake, and you can too.
Trade and invest in ETH with StormGain
StormGain is an award-winning digital platform for trading, exchanging and buying cryptocurrency. Available as a user-friendly smartphone app or on the web, StormGain offers the best benefits for anyone looking to invest in or trade Ethereum and other cryptocurrencies.
StormGain clients enjoy discounts of up to 40% on trading commissions, up to 20% on deposits, and up to 12% APR interest bonus on holdings. That’s in addition to the ability to trade cryptocurrency pairs with up to 200x leverage and built-in secure crypto wallets for the 6 most popular cryptocurrencies, including ETH. StormGain also features a variety of payment options to easily buy Ethereum or other cryptocurrencies with fiat money.
If you’re looking to profit from Ethereum’s bullish trend, it’s time to register with StormGain now! It only takes a few seconds to become a client and enjoy the best perks and support in the crypto industry!
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StormGain upgrades loyalty program with even better benefits
StormGain is proud to announce that we will be offering even more amazing benefits through our client Loyalty Program.
The StormGain Loyalty Program already had the best rewards for crypto traders on the market. Now, it’s introducing two new levels above the VIP tier that will grant even better benefits.
What’s new
The new tiers in the StormGain Loyalty Program are as follows:
VIP 2: This level offers an 11% annual interest rate on your crypto holdings for 30 days, an 18% bonus on your deposit, a 0.065% discount on exchange commissions and a 30% discount on margin trade commissions. To qualify, you’ll need a deposit of 50K UDST or higher or a margin turnover of at least 15 million UDST.
VIP 3: The new top level gets you a 12% annual interest rate on your crypto holdings for 30 days, a 20% bonus on your deposit, a 0.06% discount on exchange commissions and a 40% discount on margin trade commissions. Qualifying clients will have a deposit of over 100K USDT or a turnover of 75 million USDT.
The new levels are on top of previous Loyalty tiers, which will remain unchanged. See our Loyalty Program page for full details on each level’s benefits.
Changes to the loyalty program will take effect from 02/06/2020.
Join StormGain: The most rewarding crypto trading platform
StormGain is designed to give you opportunities in both rising and falling markets. It’s a crypto-only trading platform that lets you trade the most popular cryptocurrency pairs with a multiplier of up to 200x, higher than any competitor.
Available as a smartphone app or on the web, StormGain has the most generous rewards in the market for crypto deposits. The more you trade, the better bonuses you get, and our excellent interest rates mean that your crypto can earn you money just sitting in wallets.
Join the crypto trading community that cares about its clients, and get the best returns on your investment with StormGain. Registering with StormGain is easy and takes just a few seconds. Sign up now and trade on the most rewarding crypto exchange platform!
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JPMorgan: pandemic proves Bitcoin more resilient than gold
JPMorgan had some good things to say about Bitcoin in their latest market analysis. The financial giant’s strategists find that Bitcoin’s market structure is more resilient than those of currencies, equities, Treasuries and gold. Following Bitcoin’s latest stress test, JPMorgan concludes that cryptocurrencies have “longevity as an asset class”.
Head of US interest rate derivatives strategy, Joshua Younger, and cross-asset research analyst, Nikolaos Panigirtzoglou, led the new report from JPMorgan, entitled Cryptocurrency takes its first stress test: Digital gold, pyrite, or something in between?, that declares a “mostly positive” outlook for Bitcoin.
The full report compares the performance of Bitcoin and other cryptocurrencies with various financial assets during the market nosedive that occurred in March. During that time, the coronavirus pandemic began to hit the US economy hard, causing shutdowns of many businesses and the disruption of global supply chains. Bitcoin was not immune to the virus; it crashed to under $4,000 during this time. However, the report notes that Bitcoin bounced back faster than most other assets and went on to recover most of its value by the end of April.
March was a month of panic and disorder, but Bitcoin’s valuations never strayed far from intrinsic levels during the turmoil. “Though the bubble collapsed as dramatically as it inflated,” the report notes: “Bitcoin has rarely traded below the cost of production, including the very disorderly conditions that prevailed in March”.
The JPMorgan strategists’ assessment of Bitcoin behaviour confirms what many are already saying about cryptocurrency, namely that BTC’s “price action points to their continued use more as a vehicle for speculation than medium of exchange or store of value.” Bitcoin has never quite managed to become a form of digital cash primarily as it was originally intended to be. The market treats BTC more like equities or other riskier assets.
COVID-19 crisis ‘stress test’ for Bitcoin...and it passed
Cryptocurrencies all took a dive in March. Nevertheless, the report notes that there were few signs of a flight to liquidity within the asset class and concluded that Bitcoin passed its stress test admirably. According to the authors, “there is little evidence of run dynamics, or even material quality tiering among cryptocurrencies, even during the throes of the crisis in March.”
A rush to liquidity can often result in increased volatility for an asset, as traders are hit with dramatic price fluctuation. Bitcoin’s liquidity suffered just like other many other financial instruments during the crisis.
The key difference is that BTC managed to recover from this disruption much faster than other asset classes, even traditional safe havens. The strategists’ report concludes with a strong endorsement of Bitcoin, writing: “The coin’s market structure turned out to be more resilient than those of currencies, equities, Treasuries and gold.”
JPMorgan changes its tune
JPMorgan, one of the titans of the finance industry, was initially dismissive of Bitcoin but has made a complete U-turn in recent times. Back in September 2017, CEO Jamie Dimon slammed Bitcoin as a “fraud,” only to eat his words just a few months later when BTC hit its all-time high price.
Now, JPMorgan Chase partners with Bitcoin exchanges and it seems as if crypto will be an increasing part of its banking services. But the old guard hasn’t always played nice with digital assets. Last month, JPMorgan agreed to pay a $2.5 million settlement to a class-action lawsuit that claims that it was overcharging fees for crypto transactions.
StormGain, the most profitable platform for crypto trading
Bitcoin has proved its strength as an asset class. The fact that JPMorgan and the financial establishment are increasingly comfortable with cryptocurrency is a good sign. Still, the best places for trading cryptocurrencies are still specialist, crypto-only exchanges that support the original community.
StormGain is the top choice for savvy cryptocurrency traders today. Available as an easy-to-use smartphone app or on the web, StormGain is a crypto trading platform that enables you to trade with the most popular cryptocurrency pairs, including Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash and Tether, with up to 200x leverage. Fees and commissions are fair, transparent, and among the lowest in the industry.
The benefits of trading with StormGain include up to 12% APR interest on your stored cryptocurrency and generous discounts and bonuses for active traders. If you want to buy crypto outright, StormGain makes it easy to purchase a range of cryptocurrencies using fiat money via bank transfer or credit/debit card.
Bitcoin has been shining brighter than gold, and even the big doubters of the finance industry are coming on board. There’s never been a better time to invest in the currency of the future. Register with StormGain in just a few seconds to join the number one crypto trading community and get ready to profit from the Bitcoin boom.
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Digital assets Review and Forecast
Are you sick of missing out on hot trades as they emerge? Have you ever felt like you’ve been too late to fully take advantage of a deal? We’ve all been there.
In light of this, we are very excited to offer a solution to prevent these scenarios. The first installment of our new webinar series, Online Trading Opportunities for the Week of June 30 to July 7th., is designed to equip you with the absolute latest trends so that you can ride the entire wave, not just the crest.
What’s different about this unique event, is that rather than analyzing macro trends over long periods of time, we exclusively focus on opportunities emerging for the week of From: June 30 to July 7th.
Date: June 30
Time: 19:00 СET
By registering for this webinar you will gain:
🚀 A comprehensive overview of the latest trends and forecasts for the week of June 30 to July 7th.
🚀 Insights on rumors circulating around the financial world
🚀 How to accelerate your trading results with the StormGain platform
🚀 Unique strategies designed for today’s scenarios
🚀 Live Q&A for you to get answers from our senior experts and presenters
Stop waiting and register now before capacity fills. Save yourself time and discover what’s heating up for the week!
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Popular cryptocurrencies tumble along with other financial markets
According to the cryptocurrency trading platform StormGain, the most popular cryptocurrencies fall in price within 3-4% on Thursday.
They demonstrate such negative dynamics along with other financial markets, frightened by another surge in the number of coronavirus infected in the world. At the same time, the cryptocurrency market did not pay attention to positive news. For example, the Central Bank of Sweden is exploring the potential of creating a national cryptocurrency. And Visa has applied for the launch of a digital currency. Using the method proposed by the company, the classic currency of any country in the world can be digitized.
It is likely that the most popular digital assets will continue to fall in price. In this case, Bitcoin risks breaking the psychological mark of $9,000 and weakening to $8,800, Bitcoin Cash - to $225, Ethereum - to $220, XRP - to $0.17, and Litecoin - to $38.
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StormGain Answer Time Part 3: Chatting with Champions
StormGain joins our official sleeve partners Newcastle United FC once more for round three of StormGain Answer Time. In this new interview, we get the low-down from our favourite football stars about the secrets of the beautiful game, as well as interesting tidbits about cryptocurrency.
In the final episode of this three-part video series, Sky Sports News’ Keith Downie met up with Newcastle United players Allan Saint-Maximin, Jamaal Lascelles, Fabian Schär, Matty Longstaff (midfielder) and Karl Darlow to pick their brains about Bitcoin and footy. Are the Newcastle FC Stars as enthusiastic about crypto trading as we are about football?
Find out what the NUFC players think about crypto, who the best players in the game are right now, and who the most challenging opponents to face are. We also get some candid details about how the players celebrated their first goal, where they picked up their signature skills and the critical role the captain plays.
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Watch the full video for answers to these questions and more insights into the exciting world of professional football.
Discover which NUFC players could benefit from StormGain’s excellent crypto training materials and get some future Bitcoin price predictions from the mouths of the magpies themselves. Whether you’re a longtime Newcastle United fan or just getting into cryptocurrency, you’ll find plenty of interesting answers. You’ll also learn some fun facts about StormGain, the best cryptocurrency trading platform, in text boxes throughout the video.
StormGain is composed of passionate football fans. As the proud sponsor and official sleeve partner of NUFC, our goal is to make cryptocurrency trading as popular as football, with the same energy that fans have when cheering on their team. Not only is StormGain the easiest-to-use trading platform on the market, but it also offers the best bonuses and lowest fees in the business, so that everyone has a chance to be a trading champion.
Available as a smartphone app or on the web, StormGain currently offers its users a fantastic annual interest rate of up to 12% on cryptocurrency holdings. Sign up with StormGain today and start playing to win!
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Elon Musk won't give you free Bitcoin, and other scams to avoid
If you've been following cryptocurrency or other tech news online, chances are you've seen 'Elon Musk' turn up on social media promising to give away Bitcoin. The outspoken billionaire's name has been appropriated to trap the unwary before, and the latest scam has already made off with millions of ill-gotten BTC.
The trick is currently making the rounds on YouTube videos that claim that Elon Musk is giving away 5,000 BTC or 10,000 BTC. The videos contain clips of an Elon Musk interview on the subject of the recent SpaceX launch to make it seem authentic.
The scammers ask viewers to send BTC to certain Bitcoin addresses, after which they will receive double the Bitcoin back. Several addresses reference Elon Musk, SpaceX or Tesla in their names. They also feature variations of those names with numbers, for example, "1Musk…" or "1Elonmusk…" Others are more normal-seeming crypto address, strings of mixed letters and numbers.
If this sounds familiar, that's because it's essentially the same Elon Musk BTC scam that plagued Twitter earlier this year. In that fraudulent scheme, numerous fake Musk accounts would pull the same trick by replying to popular Twitter posts. Beware: this scam is still active on Twitter, even after spreading to YouTube.
Beware of scammers
Before sending money to a Bitcoin address, check if it has been reported as an address used by scammers. For example, Bitcoinabuse.com has a public database of Bitcoin addresses used by hackers and scammers, and a new website, Scam Alert, is also collecting reports on blockchain criminals' addresses. It is always a good idea to check these sites before sending crypto to an address that you have not personally verified.
It is estimated that at least 214 BTC has been sent to fake Elon Musk addresses. That's more than $2 million according to Bitcoin's current exchange rate! Since not every address in the scam uses Elon Musk's name, the real total raked in by the thieves is likely much higher.
Billionaires generally don't get where they are by throwing money at random to the general public. As a general rule, beware of any tech/finance celebrity name that promises to give you free BTC. Aside from Elon Musk, several other celebrities have had their names appear in crypto scams. They include Amazon CEO Jeff Bezos, Coinbase CEO Brian Armstrong, former Google CEO Eric Schmidt, Microsoft founder Bill Gates, Apple co-founder Steve Wozniak, Epic Games CEO Tim Sweeney, FUBU CEO Daymond John, and Rich Dad Poor Dad author Robert Kiyosaki.
The only real way to double your crypto
As tempting as such scams may sound, there is no get-rich-quick button you can press to double your BTC. If you want to join the ranks of the Bitcoin billionaires, you'll have to do the work and take some risk. Fortunately, StormGain makes it easy for anyone to accumulate crypto through honest trading.
Available as a smartphone app or on the web, StormGain is an easy-to-use crypto trading platform that enables you to trade with the most popular cryptocurrency pairs with up to 200x leverage. By buying low and selling high, you can multiply your cryptocurrency by playing the market. To help new traders learn the ropes, we include educational materials, webinars and a fully functional demo version to make sure all clients have the know-how they need to trade sensibly.
The best part? You can get free BTC via StormGain thanks to our offer of up to 12% APR interest on your cryptocurrency holdings. Whether it's Bitcoin, Ripple, Ethereum, Litecoin, Bitcoin Cash or Tether, StormGain clients can earn extra money from crypto just sitting in their wallets.
In addition to trading crypto, StormGain also makes it easy to purchase cryptocurrencies using fiat money via bank transfer or credit/debit card. All transactions are made through reputable exchange partners with the lowest commissions in the business.
Join the number one crypto trading community and make real money trading crypto with StormGain. Registering with StormGain is easy and takes just a few seconds. Sign up now and trade the currency of the future!
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StormGain’s Crypto Miner goes live
StormGain is delighted to announce the launch of its exciting new Cloud Miner tool. This unique, innovative feature enables users to mine their very own cryptocurrency right from their phone. We don’t know of any other platform that offers anything quite as lucrative. Apart from sparing you from spending a fortune on equipment, Cloud Miner is hosted on our remote cloud servers, meaning it doesn’t even drain your battery or processing power! It’s fast, risk-free and costs nothing to try.
So how do I get involved?
Just install the award-winning StormGain app and register an account. The entire process takes less than five seconds, and there are none of the tedious security checks you get with other brokers. Once your account is up and running, simply open the Cloud Miner section, hit ‘Start Mining’, and the app will automatically connect to our cloud services. Don’t forget to hit the mining button every four hours to grow your crypto. Then, all you do is wait for your first 10 USDT worth of crypto to be mined. After that, you can trade or exchange it on the StormGain platform. Any profit you make is yours to do with what you will.
How does it work?
When you run Cloud Miner, all of the really heavy lifting is done by our own mining rig. The upshot of this is that your CPU and battery life don’t have to suffer for you to reap the rewards of free crypto. While Cloud Miner’s block production time is dependent on the total number of users participating in the mining pool, mining profits are generally distributed every 30-40 minutes. Simply wait to exceed 10 USDT, the minimum amount you can withdraw to your trading account. To make a withdrawal, hit the ‘Withdraw’ button, and whatever you’ve mined will be credited to your account within 72 hours. It’s really as easy as that! Be advised, though, the Company’s anti-fraud engine may block your payout if it detects any suspicious activity on your account. But assuming you’re one of the 99.9% whose payments are processed, you will only be permitted to use your profit for trading on the StormGain platform. However, any profit you make from those trades will be yours to withdraw or exchange as you see fit.
So, what are you waiting for?! Register with StormGain today and join the Cloud Miner hype for easy, guaranteed gains. All you need is a phone and internet connection to start mining your own crypto today!
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StormGain introduces multi-crypto trading
StormGain is pleased to announce the arrival of a new multi-crypto trading feature. Following the update, clients will no longer need to exchange funds to USDT before opening trades.
From now on, when you add funds to your account, you can immediately choose your desired cryptocurrency and trade with it without first exchanging funds to USDT. Previously, you could only trade after exchanging your crypto to USDT.
StormGain has made improvements to make everyone's trading experience faster, simpler and cheaper. As a StormGain client, you no longer need to exchange your funds back and forth to USDT to trade. By cutting these extra steps out, you'll save time and energy while automatically save money on USDT exchange commissions.
Multi-crypto trading: managing a diverse portfolio is now easier than ever before
As any trader knows, maintaining a diverse portfolio is the best way to manage risk. Ideally, this means that you'll trade with several different cryptocurrencies.
Here's how you can benefit from multi-crypto trading following the update:
1. When adding funds, select the cryptocurrency you would like to add to your wallet. Then trade directly from that wallet.
2. To exchange the selected cryptocurrency for another, go to the StormGain app's Exchange tab just like before.
If you already have funds in USDT, you can exchange them for another cryptocurrency in the StormGain app's Exchange section or continue to create trades in USDT. More about the terms of exchange.
If you're more comfortable trading with USDT and don't want to change anything, you can continue trading with USDT just as before. The update only gives you the choice to trade from other StormGain crypto wallets.
Everything remains exactly the same for withdrawals and every other aspect of using StormGain. Other commissions or fees will not be increased or decreased as a result of the update.
Important note about bonuses
Bonuses, such as those included in our StormGain loyalty programme, will remain in effect. However, they will first apply to USDT wallets only. We'll roll out an update to apply bonuses to other wallets soon. All clients will be notified when it goes live.
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Win NUFC signed balls and jerseys with StormGain
Crypto traders and sports fans, get ready! StormGain, as proud sponsors of Newcastle United, is excited to announce a new raffle to win fantastic prizes for football fans. We’re kicking off the fun by offering 7 NUFC signed balls and jerseys to the lucky lottery winners.
Here’s how you can participate:
The new raffle will start on July 13 and run until July 19. During this period, when you top up any StormGain crypto wallet, you will get a lottery ticket for every 100 USDT loaded into the wallet. The larger the amount deposited, the more tickets you get. For example, 500 USDT will get you 5 tickets, and 1,000 USDT will award 10 tickets. So if you’re in it to win it, top up with higher amounts to get a better chance of winning a ball and jersey autographed by Newcastle United players.
Note: With the introduction of multi-crypto trades, you can top up any of your 6 StormGain crypto wallets directly, but the tickets will be awarded for the USDT price equivalent.
The seven winners will be randomly determined on July 21 and announced in a special email. Any ticket holders should check all their messages from StormGain so as to not miss anything.
At StormGain, we’ve always enjoyed the thrill of crypto trading and football fandom together, so we’re excited to offer this extra bit of fun for active traders. Top up your account and play to win your ball and t-shirt autographed by the top lads playing for Newcastle United!
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Popular cryptocurrencies are climbing to the top, bitcoin is above $10,000
The most popular cryptocurrencies are booming on Monday, while investors assess the measures proposed by the world's leading countries to support their economies. According to the cryptocurrency trading platform StormGain, Ethereum shows the best dynamics, jumping in price by almost 20%, the rest of the instruments added in price within 7%, and bitcoin crossed the psychological level of 10 thousand dollars.
Meanwhile, the number of market participants are still worried because of coronavirus because the number of infected is constantly growing, and it is possible that quarantine measures will return in some countries.
Despite this, the most popular cryptocurrencies have a chance to continue their rise in the near future. In this case, Bitcoin can grow up to $10,400, Bitcoin Cash up to $255, Ethereum up to $330, XRP up to $0.22, Litecoin up to $50.
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As crypto rides the market recovery, analysts remain optimistic for BTC in Q3
After a short dip below $9,000 on Sunday, Bitcoin (BTC) is back on the rise, trading at $9,251 at the time of writing. Other crypto coins, including Ethereum (ETH), Ripple (XRP) and Bitcoin Cash (BCH), are also up. This mirrors the general trend in the global stock markets, with some analysts pointing out Bitcoin’s correlation with equity prices.
“Equity markets are up across the board, and so you see a spike in Bitcoin’s price,” said Michael Rabkin, head of institutional sales at Chicago crypto trading firm DV Chain. It seems a rising tide really does lift all boats, with major stock indices outperforming Bitcoin over the last month. Asia’s Nikkei 225 index, Europe’s FTSE 100 and the US S&P 500 index have all closed in the green. Fresh news of economic stimulus measures and hopes pinned on the antiviral drug remedesivir from the US-based pharma company Gilead all contributed to optimism amongst markets rocked by the pandemic.
US stimulus package could boost BTC
Given the positive correlation of BTC with equities, crypto traders should hope for strong stimulus measures from the US Federal Reserve. According to analysts at J.P. Morgan: “If the additional stimulus is not delivered, then the money market curve inversion could worsen, eventually becoming a more problematic signal for equity and risky markets going forward.” But the Fed has already expanded its balance sheet by over $3 trillion in the past few months and will likely respond to market calls for more stimulus.
BTC closes a record-breaking second quarter
Even if Bitcoin is quiet this month in terms of price action, the oldest cryptocurrency kicked off July by hitting record highs on a variety of metrics. They include new addresses, active addresses, hourly transaction count and hourly spent outputs.
Bitcoin hasn’t seen this number of new or active addresses since the heady days of the 2017 bull run. Bitcoin’s seven-day average hash rate also reached a new peak of 123.4 EH/s on Wednesday, an indicator that even more computing power than ever before has been dedicated to mining BTC.
Skew analytics declared that “Bitcoin is having today its third-best quarterly close in its young history.” BTC’s current quarter-to-date return is 42.39%, with a 2020 YTD return of 27.31%.
A recent survey conducted by crypto custodian Bitcoin IRA seems to further indicate a bullish sentiment among investors. Of the platform’s surveyed clients, 43% expect Bitcoin’s price to top $15,000 by the end of 2020, while 57% confirmed that they use cryptocurrency as a long-term investment.
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Popular cryptocurrencies continue to rush upward, led by bitcoin
The most popular cryptocurrencies continue to rise in value on Wednesday. According to the StormGain cryptocurrency trading platform, Bitcoin and Litecoin are the growth leaders.
At the same time, the pace of the rise in digital currencies has slowed somewhat after Bitcoin soared above the psychological $11,000 mark a few days ago.
The market continues to be supported by somewhat depressed sentiment in the global financial markets, where the risks of the spread of the coronavirus contribute to the fact that investors are turning their attention to alternative assets. Another factor in the growth of cryptocurrency rates is the weak dollar.
Popular digital currencies may continue to go up shortly, but the rise is unlikely to be very active. Bitcoin has a chance to rise above the $11,000 mark again, Ethereum to grow to $322, Bitcoin Cash to $292, XRP to $0.25, and Litecoin to $58
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Popular cryptocurrencies move in different directions because of controversial news
The most popular cryptocurrencies have multidirectional dynamics amid mixed news signals on Friday. According to the StormGain cryptocurrency trading platform, Ethereum and XRP look better than the rest, while Bitcoin is showing negative movement, although it still holds above the psychological mark of 11k dollars.
A positive signal for the market was the fact that the Iranian government allowed miners to mine cryptocurrencies, but the country's authorities prohibited them from using subsidized money.
Also, the Chinese authorities arrested members of the pyramid, which had previously collected $ 5.7 billion in bitcoin from its members.
The most popular cryptocurrencies are likely to return to growth in the near term, although it will probably not be very active. Bitcoin can be expected to grow to $11,150, Bitcoin Cash to $290, Ethereum to $335, XRP to $0.25, and Litecoin to $58.
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Popular cryptocurrencies fluctuate but have a chance of a return to growth
The most popular cryptocurrencies do not show a uniform dynamics on Tuesday after they earlier temporarily returned to growth amid investor optimism about the prospects for the recovery of the economy hit by the coronavirus pandemic. According to the StormGain cryptocurrency trading platform, Ethereum looks better than the rest, while quotes of other digital assets are in negative territory.
At the same time, corporate news keeps them from falling significantly. In particular, the Swiss bank Basler Kantonalbank will start working with cryptocurrency from 2021 when it will give its customers the opportunity to store digital currencies and trade them through a structure under its control.
In addition, Ripple's Q2 reporting was rather positively assessed by investors. In three months, it increased sales of XRP cryptocurrency to institutional investors to $ 32.55 million against $ 1.75 million in the first quarter. But average daily XRP trading volumes on crypto exchanges have dropped markedly, to less than $ 200 million in Q2.
Probably, the most popular cryptocurrencies will continue to fluctuate in the near future, but with a general improvement in sentiment in the financial markets, it is possible that prices will return to growth. In this scenario, Bitcoin could rise to $11,400, Bitcoin Cash to $297, Ethereum to $395, XRP to $0.32, and Litecoin to $60.
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Gaming giant Twitch brings back crypto payments, sweetens the deal with a 10% discount
Twitch, the live-streaming service popular with gamers, is now offering a 10% discount on subscriptions — for customers who register with cryptocurrency. Twitch users who pay in bitcoin or other cryptocurrencies for their subscription fees go through the Bitpay payment processor. Twitch’s 10% offer represents the biggest cryptocurrency based promotion of its kind for a company of this size.
Twitch is an online platform for live streaming. Since its launch in 2011, Twitch became the most popular service for live-streaming games, growing to surpass YouTube gaming and leaving would-be competitors from Facebook and other tech companies in the dust. Twitch was bought by Amazon for 970 million USD (with stock options probably pushing the deal over 1 billion) back in 2014. At the time of writing, Twitch has over 27,000 partner channels, 15 million daily active users, and 2.2 million broadcasters monthly.
Twitch’s cryptocurrency payments are facilitated by Bitpay, an Atlanta-based crypto payment processing company. to accept payments. Bitpay handles payments in bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), litecoin (LTC) ripple (XRP), as well as four stablecoins that are pegged to USD (GUSD, USDC, PAX, and BUSD). Users paying in cryptocurrency will enjoy all the benefits of being a Twitch subscriber — exclusive access to emotes, badges, and access to exclusive chatrooms and personalized benefits offered by their favorite streamers — at a 10% discount. Bill Zielke, Bitpay’s chief marketing officer, noted that “Twitch is the first major merchant to jump on this trend” while highlighting that other operators in the gaming world are also crypto-friendly.
It’s worth noting that this isn’t the first time that Twitch has offered crypto payment options. Previously, Twitch customers could pay in bitcoin or bitcoin cash (also via Bitpay), but this ability was withdrawn in March 2019, possibly due to regulatory issues or a reaction to bitcoin’s price fluctuations. But bitcoin is back with even more options in tow for Twitch subscribers, and the extra discount shows that Twitch, and possibly by extension Amazon, is doubling down on support for crypto.
Crypto and gaming — a match made in heaven?
Crypto and gaming have a lot in common. Both are championed by the young and tech-savvy, and both are about empowering people — crypto in the economic world, gaming in the sphere of entertainment. Online gaming connects people from all over the world, and cryptocurrency provides opportunities for gamers around the globe to support their fandoms without restrictions and fees. It’s no surprise that many blockchain enthusiasts are also gamers, and cryptocurrency can be spent on several gaming services.
There are even games emerging with the blockchain built into their DNA. Somnium Space, for example, is a blockchain-based virtual reality world in which users can buy land and trade crypto and items. Or take CryptoKitties, the Ethereum-based cat trading game. The virtual economies and gamified incentives of video games can prove fertile ground for testing cryptocurrency use cases.
Trade crypto to win with StormGain
StormGain has always understood how the strategy and excitement of trading on the cryptocurrency market compare to the thrill of the game. As the proud sponsors of Newcastle United FC, we know that the emotional payoff on the pitch applies just as much when following your favorite esports champions or streamers. That gaming giant Twitch has brought back crypto and is encouraging customers to use it can only mean good things for the crypto world.
To profit from the rising popularity of cryptocurrencies, you will need to use a crypto trading platform that works for you. StormGain is currently the best in the game, enabling clients to easily buy crypto with their bank card and trade cryptocurrency pairs with up to 200x leverage in addition to offering the best rewards for trading and managing crypto assets.
Available on the web or as a user-friendly smartphone app, StormGain offers fee SWAPs for daily trades, built-in secure crypto wallets for the 6 most popular cryptocurrencies, detailed trading tutorials, and 24/7 signals to keep up with today’s fast-moving international market. If you’re ready to get into the crypto game, then register with StormGain to start trading now!
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StormGain concludes sponsorship with NUFC: ‘‘proud to have played with the stars’’
StormGain bids a fond farewell to our friends at Newcastle United Football Club as our sponsorship of the Magpies comes to an end. As passionate sports fans who wanted to become champions of the crypto trading world, the emotional highs, strategic thinking, and drive to win that comes with trading crypto made football a natural fit for us. That's why StormGain became the official sleeve partner of Newcastle United, a top-class team in the English Premier League with world-class players.
Throughout all the exciting ups and downs of playing the market and cheering on the lads on the pitch, StormGain is proud to have played with the stars at NUFC and to have shared our values and our love of sports with our community. As we celebrate the conclusion of a successful partnership, here's what we've achieved for our clients and supporters so far:
During our year-long partnership with Newcastle United, StormGain gifted over 200 general match day tickets to fans, as well as more than 100 hospitality box tickets to our luckiest followers.
Also, we gave fans 15 signed jerseys and 10 signed balls bearing the names of the top NUFC players. On 30 November 2019, 6 lucky StormGain clients got VIP tickets for the NUFC-Manchester City match along with a stadium tour, signed balls, and all-inclusive transport and accommodation costs.
Always at the forefront of technological innovation, StormGain even took Newcastle United into the world of virtual reality. Our VR events gave fans the chance to virtually step into the shoes of the Magpies and practice their football skills before the game.
We recorded and published 3 episodes of Answer Time, in which Sky Sports News’ Keith Downie interviewed top NUFC players to get their candid thoughts on the beautiful game and the exciting potential of cryptocurrency.
It’s been a pleasure to share with our clients the best of the crypto trading and football fandom worlds through this partnership. Although our sponsorship with Newcastle United is concluding, we wish the whole team all the success in the world and the best of luck in the league. But that doesn’t mean that we don’t have even more exciting plans in the pipeline. Stay tuned and watch this space for news about our upcoming project and all the latest benefits from the world’s best crypto trading platform.
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Popular cryptocurrencies are again controversial but gravitate towards growth
The most popular cryptocurrencies still look ambiguous on Thursday, but still, an upward trend prevails for most instruments. According to the cryptocurrency trading platform StormGain, only XRP quotes are in the negative area.
The market was supported by an analysis conducted by experts from the investment giant JPMorgan, which showed an increase in demand for bitcoin on the part of young investors. At the same time, older investors, according to the research, are more conservative and rather prefer traditional instruments.
Another good news was the announcement by Ripple, which announced its intention to continue investing in a company that creates software for the XRP Ledger. XRPL Labs will use the funds raised from Ripple to support the continued growth and development of the XRP-based Xumm wallet.
The negative for the market was the estimated damage from the 51% attack on the Ethereum Classic network, which, according to experts, amounted to approximately $5.6 million.
In the near future, the most popular cryptocurrencies will probably be able to demonstrate the positive dynamics of quotations with a united front. Bitcoin has a chance to rise to $11,800, Bitcoin Cash to $290, Ethereum to $397, XRP to $0.3, and Litecoin to $60.
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Popular cryptocurrencies are in demand due to interest in alternative investment instruments
The most popular cryptocurrencies are growing smoothly on Monday, but according to the StormGain cryptocurrency trading platform, the growth rate does not exceed 1-2% for individual instruments.
At the same time, bitcoin looks better than other assets, which is holding above the psychological mark of 12 thousand dollars - a level that it could not hold last week. Bitcoin capitalization is more than $ 200 billion, this level was previously achieved only at the beginning of the year before last.
In general, the market began to perceive bitcoin as a kind of protective asset, equivalent to gold, therefore, in a difficult situation in the global financial markets, investors begin to invest in this digital currency.
The market is held back from more significant growth by the news that cryptocurrency exchange Coinbase has increased the confirmation time for Ethereum Classic deposits to two weeks, and it has already been heavily criticized among market participants for these strict security measures.
Probably, in the near future, the most popular cryptocurrencies will continue to show moderate growth due to the interest of investors in alternative investment instruments. Bitcoin has a chance to rise in price up to $12,200, Bitcoin Cash - up to $310, Ethereum - up to $410, XRP - up to $0.3, and Litecoin - up to $60.
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Popular cryptocurrencies look uncertain due to the difficult situation in the financial markets
The most popular cryptocurrencies are going down quite actively on Wednesday, which is associated with a rather nervous situation in the global financial markets. According to the StormGain cryptocurrency trading platform, the fall rates for individual instruments reach 8%.
At the same time, a number of positive news appeared on the market, which, however, were ignored by investors. In particular, the New York State Financial Services Authority has compiled and published a list of cryptocurrencies that licensed companies are allowed to work with. This list includes, among others, Bitcoin, Ethereum, Bitcoin Cash and several others.
Another good piece of news would be that in South Korea, beachgoers in Busan can now pay with Ethereum at all shops along the waterfront.
Despite the positive news, it is likely that the most popular digital currencies will continue to look uncertain in the near future. In this scenario, Bitcoin can fall in price to $11,200, Ethereum to $370, Bitcoin Cash to $275, XRP to $0.27, and Litecoin to $52.
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The most popular cryptocurrencies are actively growing in value on Tuesday.
According to the StormGain cryptocurrency trading platform, only Ethereum quotes were in the negative area, while growth of up to 8% is recorded for other instruments. And the main cryptocurrency - Bitcoin - has renewed its maximum since 2019, rising above the psychological mark of $ 12,000.
The positive dynamics in the market is observed after the US Department of Justice seized a record amount - more than $ 1 million - in Bitcoin and Ethereum and blocked the websites of extremist organizations, stopping funding for the operations of Al-Qaeda and the Hamas group.
Another important news for the market was the fact that the developers presented a fix for a bug that caused a large-scale failure in the Ethereum 2.0 testnet.
And the cryptocurrency investment company Grayscale Investment is going to soon begin public circulation of shares of its trusts based on the Bitcoin Cash and Litecoin cryptocurrencies.
It is possible that a significant rise in quotations of the most popular cryptocurrencies will continue to be observed - at least in the coming days. In such a positive scenario, Bitcoin may approach the $12,500 mark, Ethereum - to the $435 level, Bitcoin Cash - to $323, XRP - to grow to $0.32, and Litecoin - to $63.
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Popular cryptocurrencies are slowing growing up as part of the overdue correction in the market
The most popular cryptocurrencies are growing upward, as there is a need for corrective growth in the market after the fall of several previous days. According to the StormGain cryptocurrency trading platform, the rate of positive dynamics for individual instruments reaches 1-2%, but at the same time, Bitcoin is still below the psychological mark of $12,000.
This trend is observed because of reports that the number of bitcoins on exchanges has decreased to a minimum since the fall of 2018. According to experts, 2.61 million bitcoins are now stored on exchanges, which is the lowest indicator in the last two years.
The results of a study that showed that scammers on YouTube stole 1.5 million XRP from users, which is about 454 thousand dollars, became unfavorable news for investors.
In addition, the co-founder of Ethereum Vitalik Buterin said that he did not invest the money received from the sale of his part of the tokens in bitcoin, but invested it in fiat currencies.
The most popular cryptocurrencies will probably continue to grow in the short term as part of the correction, but these rates will be quite moderate. Bitcoin is likely to stay below the $12,000 mark, Ethereum is unlikely to go far from the $400 level, Bitcoin Cash from $290, XRP even risks dropping to $0.28, and Litecoin - to $60.
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Warren Buffet's latest investment could be great news for Bitcoin's price
Superstar investor Warren Buffett's latest investment has the crypto community excited, especially when it comes to Bitcoin. Berkshire Hathaway, a $503 billion conglomerate led by Warren Buffet, sold shares in Goldman Sachs and other banks for a position in Canadian gold mining company Barrick Gold. This apparent ditching of financial stocks for precious metals could have dramatic knock-on effects for the cryptocurrency sector.
The quarterly shareholder filing of Berkshire Hathaway shows Buffett backing out of big banks. The firm completely closed its position on Goldman Sachs following the bank's second-highest-ever quarterly trading revenue of $13.3 billion. Besides, Berkshire sold many of its shares in JPMorgan Chase, Wells Fargo, and PNG. This suggests that Buffett is not comfortable betting big on the banks in the long-term, possibly anticipating an increase in loan defaults caused by the economic downturn in the wake of the COVID-19 pandemic.
Warren Buffet's reputation is such that where he goes, others inevitably follow. The finance titan's investment in the second-largest gold producer has boosted predictions that gold will soon appreciate, and in turn, 'digital gold' — namely, Bitcoin — will also gain in value.
Keiser: Buffet gold play could boost Bitcoin to $50K
Heisenberg Capital founder and cryptocurrency guru Max Keiser notes that Bitcoin could reach $50,000 if it correlates with gold's future market cap. Buffet's move is expected to boost the global allocation of the shiny metal to 5% minimum, putting its price at $5,000. Because Bitcoin is considered to be digital gold, Keiser predicts BTC global allocation to be at least 1%, raising the cap to $1 trillion. "This implies $50,000 for Bitcoin Expect PTJ ups to 10%," Keiser said on Twitter.
Buffett did not actually buy gold, investing instead in a mining company whose stock correlates with the precious metal's value. But that doesn't mean that Buffet, or rather, his company, won't invest directly in BTC as well.
Buffet changes his tune on gold, BTC could be next
Ikigai Fund founder Travis Kling called out Buffett for not believing in gold in the past, suggesting that the famous investor, who has previously been a cryptocurrency sceptic, will also change his tune when it comes to Bitcoin. In a Twitter post, Kling pointed out that the attraction of gold for even famous aurophobe Warren Buffet was evident, and that Bitcoin would be the next logical step for those looking to hedge against economic instability. "Just in case you're wondering what the coming years are going to look like for Bitcoin, this was Buffett on gold in 1998," Kling said.
Kling was referencing Buffet's statements in 1998 when the billionaire said that the price of gold was based on nothing more than the market's willingness to protect its value. More recently, Buffet turned up his nose at gold, which he called an unproductive asset. "Gold will never produce anything but are purchased in the buyer's hope that someone else will pay more than them in the future," Buffet said in his 2011 shareholder letter.
Buffett has sneered at cryptocurrencies before. Notably, he said that Bitcoin is "probably rat poison squared." But co-founder and partner at hedge fund Morgan Creek Digital, Jason Williams, predicted that Buffet would end up buying Bitcoin soon, even if he doesn't personally make the call. "It's the young managers and analysts (at Berkshire Hathaway) that push the gold trade and BTC trade. He won't even know it when it happens."
The correlation between Bitcoin and gold
BTC has shown some correlation with the classic precious metal, especially in 2020. Bitcoin has outperformed gold since April, but the overall price trend between gold and BTC has shown some long-term correlation, with the two assets increasing in tandem throughout the past four months.
The simultaneous rally of Bitcoin and gold since the global market crash in late March hints that more investors, including big mainstream firms, are starting to consider BTC as a store of value and to invest in crypto as a safe-haven asset.
Could Bitcoin become the next generation's gold? Join the discussion with the StormGain crypto community in our Telegram channel to find out what traders think!
Get the most from your BTC with StormGain
To make the most of the rise of Bitcoin and other cryptocurrencies, you'll need to use a crypto trading platform that lets you keep as much profit as possible. StormGain is the current leader of the pack, enabling users to easily buy crypto with their bank card and trade cryptocurrency pairs with up to 200x leverage in addition to offering the best rewards for trading and managing crypto assets.
Available on the web or as a user-friendly smartphone app, StormGain offers fantastic benefits for active traders, built-in secure crypto wallets for the 6 most popular cryptocurrencies, and integrated trading signals to keep up with today's fast-moving international market.
If you're ready to profit from the exciting future of cryptocurrency, then register with StormGain to start trading now!
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The most popular cryptocurrencies drop quite significantly in price on Wednesday.
According to the StormGain cryptocurrency trading platform, Litecoin demonstrates the worst dynamics, with quotes losing about 6%.
The market decline is observed mainly after a clearly fraudulent advertisement was posted on YouTube on behalf of the head of SpaceX Elon Musk, in which he offers to send him bitcoins and get back an amount several times larger.
At the same time, the market is discussing a message about the plans of the Iranian authorities to test the digital yuan during the Winter Olympics in Beijing in 2022. But so far, the Chinese authorities do not yet have a clear timetable for the release and implementation of this digital currency.
An important event was the acquisition by the Ethereum incubator ConsenSys of the Quorum blockchain platform from the American investment giant JPMorgan Chase & Co. And cryptocurrency exchange Coincheck, which was previously hacked by hackers, is planning to hold Japan's first initial public offering (IEO).
The negative for the market, meanwhile, was the news that the management of Ripple has sent 10 million XRP to the Luxembourg exchange Bitstamp. In Australia, representatives of the Ripple company were summoned to court over accusations of using the already registered trademark PauID.
The most popular cryptocurrencies are likely to continue their decline in the near future amid a predominantly unfavourable news background. In this case, Bitcoin can drop in price to $11,200, Ethereum to $380, Bitcoin Cash to $270, XRP to $0.27, and Litecoin to $57.
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Popular cryptocurrencies look contradictory because of loss of interest in altcoins among Japanese traders
The most popular cryptocurrencies show no unified dynamics. According to the cryptocurrency trading platform StormGain, Litecoin and Bitcoin Cash feel worse than the rest, their quotes fall at a rate of 2%.
Such dynamics is observed as a result of the Japan Virtual and Crypto Assets Association (JVCEA) report on the state of the country's cryptocurrency market. He showed that Japanese crypto traders prefer bitcoin, while altcoins are losing their popularity. In August, Bitcoin's dominance over altcoins in the Japanese market reached over 87%, with no other token representing more than 6% of the monthly trading volume.
At the same time, traders have questions about bitcoin. For example, it became known that one user lost $16 million of bitcoins after updating the Electrum wallet. As a result of the fact that he agreed to the proposal to update the wallet protection system, almost 1.5 thousand bitcoins went to another address.
At the same time, the message that a large Chinese bank China Construction Bank announced its intention to launch a payment system using the digital yuan was quite positive for the market.
It is possible that the most popular cryptocurrencies will soon continue to demonstrate multidirectional dynamics. So, Bitcoin can continue to move around the $11,600 mark, Ethereum to stay near the $435 level, XRP - at $0.28, Litecoin - at $61, and Bitcoin Cash - at about $270.
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Popular cryptocurrencies collapse due to investor pessimism in global financial markets
The most popular cryptocurrencies are losing significantly on Friday. According to the StormGain cryptocurrency trading platform, Bitcoin Cash and Litecoin feel worse than the rest - their quotes fall by 8-9%. At the same time, Bitcoin loses about 5% and is gradually approaching the psychological level of $10,000, while trading at $10,250.
Such negative dynamics is observed on the general pessimism of investors in the global financial markets, following the publication of weak statistics on the US and Eurozone economies, which raised doubts about the prospects for an early recovery of the world economy after the coronavirus pandemic.
The US trade deficit in July rose by 19% to $63.6 billion, and the country's service sector PMI in August fell to 56.9% from 58.1% in July. In the eurozone, the volume of retail sales in July fell by 1.3% compared to June, although the market expected an increase of 1.5%.
At the same time, popular cryptocurrencies did not respond to a number of favorable news. In particular, the Swiss canton of Zug allowed residents to pay taxes with digital assets. And Ethereum miners earned a record $ 17 million per day as a result of a sharp increase in fees, which has been recorded recently.
Probably, the market will continue to go down, but, most likely, the situation will calm down somewhat, and the most popular cryptocurrencies will be able to slightly correct upward in the future.
In this regard, Bitcoin is unlikely to break the psychological mark of $10,000, Etereum may drop $380, Bitcoin Cash - up to $220, XRP - up to $0.23, and Litecoin - up to $45. Upon reaching these levels, cryptocurrencies can bounce off them and go up, regaining their previously lost positions.
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Popular cryptocurrencies look ambiguous due to problems with Ethereum in China
According to the cryptocurrency trading platform StormGain, the most popular cryptocurrencies do not show common dynamics on Tuesday. Ethereum looks worse than the rest, its quotes suffered from the news that a massive withdrawal of the digital asset was noted on the digital exchanges of China. Investors are deleting their accounts on exchanges and encouraging other users to do the same. Chinese crypto exchanges are worried about this situation and are trying to take some measures to counter the withdrawal of Ethereum, but have not yet come up with an effective way to solve this problem.
Other popular cryptocurrencies are still in the positive area (Bitcoin and Litecoin look better than the rest, although the growth of their quotations does not exceed 1%), despite the fact that in general the situation in the global financial markets remains quite alarming due to the consequences of the coronavirus pandemic for the global economy and the threat of a second wave of disease. Investors continue to have their finger on the pulse and can start getting rid of assets at any time.
It is possible that the most popular cryptocurrencies may grow a little more due to the fact that a correction is still ripe in the market, but the rise will most likely be very moderate due to the difficult situation in the global financial market. Bitcoin is unlikely to rise above the $10,350 mark soon, Ethereum has a chance to grow to $350, Bitcoin Cash to $230, XRP to $0.25, and Litecoin to $50.
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DeFi: Is crypto's hottest new trend a wise investment?
The crypto community is abuzz with a hot new trend: DeFi. While DeFi isn't exactly new, the success of crypto token YFI has sparked renewed interest from traders and investors in DeFi and associated cryptocurrencies. Even if you only deal in the larger cryptocurrencies, such as Bitcoin and Ethereum, the DeFi boom is worth keeping an eye on as it could affect your assets. Here's a quick guide to what's going on with DeFi, YFI, and the broader crypto market.
Pretty fly for a YFI
It's been a good week for cryptocurrency prices, even as Bitcoin struggles to break past $12K. One 'lesser' cryptocurrency stole the show by shooting up 165% in value to $38,682, over three times higher than Bitcoin, and almost twice as much as BTC's all-time high of $20,000. That token is YFI, the governance token for decentralised finance (DeFi) protocol yearn.finance.
Yearn aggregates the different yields of DeFi protocols. Users earn yields by lending their coins on various protocols or storing them in 'vaults'. Governance tokens like YFI can also be earned by users who provide liquidity in a process known as 'yield farming'. Holders of these governance tokens can, as the name suggests, also vote on proposals for the network.
Coins similar to YFI also rode the DeFi bandwagon to higher values this week. YF Link increased to $581 (328%), YFFI shot up to $84.14 (465%) and YFV rose to $56.62 (201%). YFII, a spinoff of YFI, shot up from $935 to $5,076 in three days.
Governance tokens are becoming a popular speculative asset because they're limited in supply, and investors want to get in on the action before it's too late. YFI supply is capped at just 30,000 with 29,962 tokens already in circulation at the time of writing. One of the reasons why we're seeing such dramatic price moves is that these tokens are highly illiquid, and a single large transaction can have a huge price impact.
Why invest in DeFi?
It seems everyone wants to get into DeFi, but what does this term actually mean? DeFi stands for "Decentralised Finance", which aims to replicate the use cases of our traditional financial system with high-tech and less red tape and middlemen. This means lending, borrowing, derivatives, trading securities, insurance, investments, and so on all being done through a decentralised open-source network instead of via banks. Smart contracts verified by participants on the blockchain automatically execute the terms of financial agreements. At the time of writing, there is about $8 billion worth of total value locked in DeFi contracts.
DeFi and Ethereum
This should sound familiar to anyone interested in Ethereum. In fact, the vast majority of these applications run on Ethereum. Other platforms with smart contract capabilities should also work for DeFi, but Ethereum currently leads the pack. In theory, DeFi's popularity should also give a healthy boost to ETH.
Yearn Finance's core products are 'vaults' that offer the best returns for yield farmers, while also pooling funds to reduce the labour involved for users. The crypto community is already expecting that the imminent launch of Yearn's yETH vaults for ETH will drive up demand for ETH and reduce supply since more of Ethereum tokens will end up locked in the vault for yield farming.
Boom or bubble?
While some investors are quick to jump on the impressive returns promised by yield farming, following the latest craze isn't always the right move. Long-term crypto enthusiasts will remember the ICO bubble of 2017-2018. Many DeFi projects are still speculative, carrying both risks and rewards.
Yield farming, which is what is really driving the rush on DeFi, has also come under criticism from industry thought leaders.
buterin-quote
Ethereum co-founder Vitalik Buterin has warned investors to be cautious when it comes to the DeFi sector, comparing the economic model of yield farming (which drives supply inflation of governance tokens) to the Federal Reserve printing money.
Trade in the future of crypto with StormGain
As always, the wise trader will do their own research on specific investments. But once the dust settles on the DeFi boom, cryptocurrency stands to gain across the board as the use cases for blockchain are made more apparent. That's why we recommend a diverse and flexible crypto portfolio on a platform that offers high rewards for your participation.
StormGain is the most effective crypto trading platform on the market. Available on the web or as a smartphone app, StormGain offers 24/7 trades with up to 200x leverage on the top 6 crypto coins, all wrapped in a user-friendly interface in multiple languages. StormGain also offers the best bonuses for clients on the market, including up to 15% APR interest on crypto holdings.
Registering with StormGain is easy and takes just 5 seconds. You can even see how it works completely risk-free with a free demo account. Try StormGain now and stake your claim in the future of finance!
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Popular cryptocurrencies rush up again, and bitcoin is gradually becoming crypto-gold
The most popular cryptocurrencies returned to growth after the collapse of the previous days, but the market is still characterized by increased volatility due to the uncertain situation in the global financial market. According to the StormGain cryptocurrency trading platform, the quotes of the main instruments are growing up to 10%, Ethereum feels better than other currencies, while the rest are adding more moderately (up to 3-4%).
At the same time, an interesting trend of bitcoin turning into "cryptocurrency gold" continues to show itself more and more vividly on the market - the correlation of this digital currency with the precious metal and with the American S&P 500 index reached its maximums against the background of the fall in the US dollar. At the same time, the relationship between the movement of bitcoin quotes and the dynamics of the stock market decreases.
Cryptocurrencies were also supported by the news that the Mastercard payment system has launched its own platform for testing national cryptocurrencies in cooperation with financial regulators who test their own digital currencies in a special system based on blockchain technology.
In addition, digital marketplace Binance has launched its platform in Turkey with support for fiat deposits in lira. And Kraken exchange was allowed to return to the country by Japanese authorities, and it will again serve local customers after a two-year hiatus.
Probably, in the near future, the quotes of the most popular cryptocurrencies will continue to remain unnecessarily volatile due to the uncertainty of the situation in the global financial market and the nervousness of investors. At the same time, it is possible that Bitcoin may rise in price up to $10,500, Ethereum has a chance to rise in price to $375, Bitcoin Cash to $230, XRP to $0.25, and Litecoin to $50.
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Power to the people: why these developing markets lead in crypto adoption
On Tuesday, Chainalysis published the 2020 edition of its Global Cryptocurrency Adoption Index, part of the blockchain analytic firm's upcoming report on global trends in the crypto world.
The index revealed that crypto usage is rapidly expanding in countries that are considered developing economies. Ukraine is the global leader when it comes to cryptocurrency adoption, with Russia and Venezuela coming in second and third, respectively. Then comes China in the fourth spot, followed by Kenya and the United States.
The index criteria in the report measure crypto adoption by looking at the on-chain cryptocurrency value received by a country, on-chain value transferred, the number of on-chain cryptocurrency deposits, and peer-to-peer exchange trade volume. These stats are weighted with the PPP (purchasing power parity) per capita and the number of internet users in each country.
How does a country like Ukraine end up ahead of the curve in digital currency compared to economic giants like the US and China? The top countries are mostly seeing growth among retail investors, whereas deep-pocketed "whales" dominate crypto in the US and China. The top nations all have different circumstances that encourage ordinary people of more modest means to use crypto, which is exactly what crypto needs to go mainstream.
Ukraine: an emerging market of digital natives
Ukraine, an Eastern European nation of 42 million people, is seeing the most significant adoption among retail investors. Ukraine is notable for its young, tech-savvy population, and its unstable economy, which sees bright and industrious young minds turn to cryptocurrency.
Ukraine has a thriving crypto startup scene, although companies are registered offshore, which muddies the official figures somewhat. For young people in Ukraine, with a fluctuating currency, no local stock market, and heavy fees on cross-border transactions, crypto provides a chance to build a future that works for them.
The Ukrainian government has noticed the vibrancy of its national blockchain scene and is working with startup leaders and entrepreneurs to regulate the industry and attract more investors through its Ministry for Digital Transformation. With government and private capital co-operating on this level, Ukraine looks like the place to be for blockchain and crypto developers.
Russia: moving money
Russia may come as a surprise second to some, given that the Russian government moved to ban cryptocurrency earlier this year via its infamous DFA (Digital Financial Assets) legislation. But that hasn't stopped Russian nationals from flocking to crypto for reasons similar to Ukrainians', even if the government is not as crypto-friendly as their neighbour is.
Electronic payment services have long been popular in Russia, especially in big cities, where they are seen as a safer and faster alternative to cash and credit cards. It's not a huge leap from digital transactions to purely digital currency.
Cryptocurrency is popular in Russia for expensive purchases like tech equipment, or for cross-border financial services and transactions to bypass onerous fees levied by banks and middlemen. Businesses with foreign interests, or just the need for privacy, have good reason to use cryptocurrency; and not only for legitimate means — cryptocurrency is a hotbed of cybercrime in Eastern Europe.
Venezuela: crypto as digital gold
In contrast to Ukraine and Russia, Venezuelans use crypto more like an asset to build their savings and trade for profit. The Venezuelan economy is notoriously unstable, and the currency unreliable, so crypto provides a more stable source of value for anyone looking to build their savings.
Even if the Venezuelan government tried to legitimise cryptocurrency in the country via the introduction of the Petro token, the ill-fated venture only further eroded trust in the government and banks. Instead, Venezuelans who buy crypto are mainly retail investors who engage in peer-to-peer trading.
What countries do you think will be the most important for cryptocurrency in the coming years? Join the discussion with the StormGain crypto community in our Telegram channel to share your views and find out what top traders have to say!
Join the global crypto revolution
One of the key takeaways from the Chainalysis report was the fact that crypto is a truly global phenomenon. Of the 154 countries analysed, only 12 scored zero on the index. Cryptocurrency is gaining around the world, especially in developing countries, but one of its main appeals is that crypto truly knows no borders.
Bitcoin and other cryptocurrencies are increasingly being adopted for trade, exchange, investment, and value storage. Wherever you are in the world, you'll need to use a crypto trading platform that works for you to profit from crypto going mainstream.
StormGain is the top crypto platform on the market, available on the web or as a user-friendly smartphone app. It offers 24/7 trading with up to 200x leverage, a wide range of benefits for active traders, integrated crypto wallets for the 6 most popular cryptocurrencies, and secure payment systems for buying crypto directly with your bank card.
If you're ready to join the top cryptocurrency platform with the best rewards for clients, sign up with StormGain to start trading now!
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StormGain Coin Contest Tournament
In honour of StormGain’s new partnership with Serie A heavyweight SS Lazio, the cryptocurrency platform will be running another instalment of its famous Coin Contest Tournament. This time around, the epic battle royale will last for two weeks, beginning on 25 September and ending on 11 October. It will see thousands of StormGain traders face off in a fight for the chance to win your share of an eyewatering 15,000 USDT and the arguably more coveted prize of top place in the Coin Contest rankings!
How do I take part?
To get involved, you first need to create a StormGain account. Once you’ve done that, register on the Coin Contest page by clicking here. Then, when the competition starts on 25 September, go to your trading account and do your best to make bigger profits than the competition. Once you’re all signed up, your scores will be automatically recorded and added to the tournament leaderboard. It really couldn’t be easier.
What’s new?
StormGain has scrapped the weekly round structure for this contest, opting instead for a single two-week-long competition with a lone prize pot. But that’s not the only difference from previous contests: this time the trades are 100% real. That’s right, instead of your demo account, you’ll be using your real account. They say everything’s more interesting when you’ve got money riding on it, and we hope the saying proves true with this tournament!
How does it work?
All trading results (both positive and negative) from the moment the contest starts to its conclusion will be counted towards your total score for the tournament. Since this contest will take place on your real account, your score will be calculated slightly differently to the way it was in previous rounds. In this contest, we’ll be taking your total trading result and dividing it by the amount of funds invested. That means that the aim of the game is to make the biggest profit with the smallest deposit, which should make things even more interesting!
How will I know if I’m a winner?
You’ll be able to monitor your performance on the Coin Contest leaderboard throughout the contest, so you’ll always know where you stand in the rankings. It’s quite simple: just find your position on the leaderboard, and any prizes you’re owed will be visible next to your account number. But don’t worry if you forget to check. All winners will be officially announced in due course.
Sign up today!
Register your StormGain account now for a chance to win real cash prizes while competing against fellow traders in a no holds barred trade-off! Give our generous leverage facility (multiplier) a try for even bigger gains with a smaller deposit. Take the plunge and enter our tournament for a chance to win your share of 15,000 USDT and the ultimate glory of being crowned StormGain Coin Contest champion!
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Less Risk, More Gain – StormGain introduces crypto index trading
StormGain is pleased to announce that, from 17 September 2020, we’re offering a new kind of trading instrument - crypto index trading. Just like regular stock indices, such as the SP500 or the Dow Jones, a crypto index is a consolidation of different assets designed to offer a safer investment in the market performance of a group of cryptocurrencies rather than a single coin.
Don’t put all your eggs in one basket
Just as the old saying warns, relying on just one thing for support is risky. The main advantage of an index is risk management. Even if one cryptocurrency in the index goes up or down, the index will reflect the market performance of the combined assets. That means any unexpected dramatic shifts in one asset won’t affect the overall value of the index too much. Investing in an index is a safeguard against the possibility of sudden crashes.
It’s common trading wisdom that a diverse asset portfolio is key to long-term success. No one wants to lose everything by over-relying on a single asset. Over the years, a bundle of assets will perform better overall, growing as a group even if some assets swing up or down in the short term.
Save time and money with the crypto index trading
Building a crypto portfolio of individual assets can be a daunting task. The trader has to research each individual cryptocurrency — from historical performance to future predictions — and then decide how much to invest in each asset. Using an index, especially one as carefully curated as the indices offered by StormGain, saves you time and money.
Do you prefer to trade indices or individual assets? Discuss the merits of both with StormGain community in our Telegram channel to share your views and find out what experienced crypto traders have to say!
Types of StormGain Crypto Indices
StormGain offers three different indices. Each one is a carefully curated basket of the largest and most popular cryptocurrencies designed to succeed in the market and fit the needs of different traders and investors. Every StormGain crypto index offers a diverse portfolio that safeguards against risk and saves you time and money — all in one click! Index values are calculated in real-time. The following indices were first published on 10 July.
Crypto Index 3.0 (symbol: CryptoIndex3, base value 300) combines equal shares of the 3 leaders of the digital blockchain market with the largest capitalisation: Bitcoin, Ethereum, and Ripple. The total value of these 3 cryptocurrencies accounts for 80% of the entire cryptocurrency market. Crypto Index 3 is ideal for beginner traders who want to start with the safest, most established digital assets.
Crypto Index 5.0 (symbol: CryptoIndex5, base value 500) is based on the rates of the top 5 digital blockchain market leaders with the largest capitalisation: Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash, with a total value of 83% of the entire cryptocurrency market. Each digital token has an equal 20% weighting and is perfect for traders who want to include the most popular altcoins.
Crypto Index 10.0 (symbol: CryptoIndex10, base value 1000) is composed of the top 10 digital tokens by market cap, covering 90% of the entire cryptocurrency market. The index is based on the following coins: Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Dash, Eos, Cardano, Monero, and Bitcoin SV. Each coin is weighted in proportion to its volatility: the higher the volatility, the greater the currency's weight in the index. This approach to structuring the index makes it ideal for experienced users who want to engage in active, aggressive trading.
StormGain – more profit at lower risk
Available as a user-friendly web platform or mobile app, StormGain allows trades 24/7 on the top cryptocurrencies with up to a 200x multiplier and 100% liquidity. Commissions are among the lowest available so you can trade as aggressively as you like and keep your profit. In addition to the best rates for trading, exchanging, and buying cryptocurrencies, StormGain offers the best rewards in the business for active traders via our loyalty programme, including significant discounts on commissions, bonuses on deposits, and up to 20% APR interest on crypto holdings.
Get ready for the age of cryptocurrency by becoming an expert thanks to our in-app education programme and market trading signals. Our new crypto indices make getting started in crypto trading even easier. Registering with StormGain is easy and takes just 5 seconds. Sign up now and try StormGain completely risk-free with our demo account.
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