Red Cat Holdings, Inc. (OTC: RCAT), a leading provider of distributed data storage, analytics and services for the drone industry, today announced its CEO Jeff Thompson will share insight into the company’s recent developments during an investor webinar on Tuesday, April 28, 2020 at 4:05 p.m. ET. A live Q&A session with Thompson will follow the presentation.
Questions can be pre-submitted to [email protected] or online during the event.
About Red Cat
Red Cat (OTC: RCAT) is a leading provider of secure blockchain-based distributed storage, analytics and SaaS for the drone industry. Through its innovative products and leadership, Red Cat provides solutions for regulators to track and review flight data, insurance companies to insure drones, and pilots to become compliant with regulations. Red Cat’s success is driven by a commitment to deliver unrivaled innovation that makes drones trackable, accountable and the sky a safer place. Red Cat is headquartered in San Juan, Puerto Rico. For more information, visit www.redcatpropware.com.
PayPal to be available on Pundi X’s blockchain-based POS devices
Singapore-based blockchain developer Pundi X has recently announced that its blockchain-based point-of-sale device, the XPOS®, is now capable of supporting PayPal. Deployed in over 30+ countries all over the world from Japan to Brazil, the XPOS® has been providing scores of brick-and-mortar stores with an alternative payment method to cash by allowing them to securely and efficiently transact on the blockchain.
The idea for the new development came about after Pundi X ran an official Twitter poll asking their followers which mobile payment app they’d like to see first supported on the XPOS. Among the choices were other platforms like WeChat Pay/Alipay, GoPay and PayTM but PayPal received an overwhelming majority of the vote, with nearly 70% of all respondents choosing the California-based service.
Since 1998, PayPal has provided millions around the world with a way to transfer funds online and has provided an efficient alternative to traditional paper methods for online vendors, auction sites and countless more. Its inclusion on XPOS machines will make it easier for both merchants and customers to streamline their transactions.
“This is definitely exciting for us,” revealed Pundi X CEO and co-founder Zac Cheah. “To be able to support a leading online payment provider in our XPOS devices can give people more confidence in using them, and can move usage of blockchain technology closer to the mainstream.”
PayPal on XPOS® devices will work in pretty much the same way as anywhere else. The online finance platform’s basic features will be functional on XPOS® devices, including accepting payments. This feature will include payments made via email or mobile phone number. In the US, merchants will only have to show a certain QR code for their customers to pay. PayPal Here, on the other hand, offers features for merchants to accept credit card payment.
PayPal’s inclusion to XPOS® devices brings more than just streamlined transactions. It also means that users can easily purchase cryptocurrencies such as BTC, ETH, BNB, NPXS, etc. at any XPOS® merchant who has activated the device’s “Crypto Sale” feature. These coins can then be securely stored in an XPASS Card, which makes dealing with cryptocurrency as simple as using the card to complete a transaction. For better management, the use of the XPASS can also be paired with Pundi X’s XWallet app.
Kronoverse Secure Further Investment From Persimmon Hill Limited and Calvin Ayre
Kronoverse Inc., the independent game-development company behind the CryptoFights skill-based fighting game, and member of ESIC (Esports Integrity Commission), has secured further funding via technology investment firm Persimmon Hill Ltd. and technology entrepreneur Calvin Ayre. This is Persimmon Hill’s first, and Calvin Ayre’s third, investment in Kronoverse.
CryptoFights utilizes the Kronoverse platform which replaces the games networking layer from traditional cloud servers to the Bitcoin SV (BSV) blockchain – a public and auditable ledger. This unlocks massive benefits for gaming by giving the eSports ecosystem a transparent and fair way to have game integrity.
Kronoverse also adds value to ESIC’s mission to be the guardian of eSports integrity in different ways such as the use of blockchain technology and native-cash tournaments. Kronoverse’s use of blockchain technology opens up ways for government regulators to enforce gaming standards since all actions taken in a blockchain game are public and auditable.
Adam Kling, CEO of Kronoverse, commented: “The growth we’ve seen in a relatively short time is hugely encouraging for the company and, obviously, we hope that makes CryptoFights an exciting proposition for investors. To have people with the business and blockchain knowledge of Persimmon Hill coming on board, and further support from online gaming entrepreneur Calvin Ayre who is also a big believer in Bitcoin, is a clear endorsement for a transparent eSports experience.”
Best Web Crypto Wallet: PRIZM Light Wallet
The initial idea behind the emergence of cryptocurrencies is to ensure anonymity and security when paying for goods and services with the associated depersonalization of finances; ensuring decentralized financial operations and eliminating the possibility of the existence of regulatory bodies as such.
The main problem of cryptocurrency availability for users is a high entry threshold. At the moment, an ordinary user who wants to plunge into the world of cryptocurrencies has only two main options:
1. Understand in detail the technological process of the currency of interest, deploy the node, synchronize the blockchain and learn how to receive / send funds through uncomfortable, complex or congested interfaces / consoles / API
2. Immediately start using “hot” wallets, for the most part completely destroying the pillars on which the idea of cryptocurrency stands
If the complexity of the first paragraph is clear, then what’s wrong with hot wallets, you ask?
Let’s get a look:
1. Hot wallets require data for authorization, at least email, often other, even more personal and personal information. This completely breaks the anonymity of the cryptocurrency user, opening the easy way to personalize your transactions and accounts.
2. Hot wallets store the secret keys to your cryptocurrency on their servers. In this case, you risk immediately in many directions – the server can be hacked and funds stolen; one of the service employees may turn out to be dishonest, or the entire service itself may unexpectedly close without explanation; your secret keys can be transmitted over the Internet without your knowledge and without the necessary conditions to ensure their safety. All these events can be combined and multiply the risks. This centralizes part of the system and breaks the security of cryptocurrency, depriving you of control over your finances – your funds are controlled by the wallet, not by you.
Not all web wallets are the same! After all, the requirement of e-mail, username and password, as well as verification is not an inevitable need, but only an approach that certain developers decided to take.
We found exceptions to the rule, carefully checked them all, talked with the developers, clarifying the nuances, and found an unequivocal leader providing a level of security of access to currency at a level comparable to “cold wallets” like Trezor!
Meet the best «hot» crypto wallet!
PRIZM Light Wallet
Crypto wallet PRIZM Light Wallet got rid of all the shortcomings of hot wallets and provided the best web wallet on the cryptocurrency market.
Security is ensured by the fact that the wallet is just a set of cryptographic encryption and hashing functions, sufficient to perform any actions associated with the secret key directly in the user’s browser without transmitting sensitive information.
To gain access to the wallet, you must use a mnemonic phrase that is optimized for easy memorization by a person
1. Mnemonic phrase – words encoded secret key
2. The raw transaction is signed with the secret key in the browser and only the raw transaction with the finished signature is sent to the server
3. The encrypted data inside the transaction comes from the server, and is decrypted in the browser by the user key
4. The secret key is deleted from memory when you close the tab with the PRIZM Light Wallet.
5. The secret key is not stored on the server and is never sent to the server.
6. New secret keys are created using a complex algorithm in which three objects take part: a browser, a user, and a server hardware random number generator
Details on generating a mnemonic phrase
A new mnemonic phrase for a new wallet is created in several stages:
1. The browser generates a set of random numbers using a secure generator
2. The server generates a second set of random numbers with the Intel RdRand hardware generator and sends it to the browser
3. The browser combines both sets of numbers and creates a basic mnemonic phrase of 17 words (“prizm” plus 16 random)
4. The user adds his own additional 16 characters in the mnemonic phrase
5. A new wallet with a new phrase is ready
This approach makes it impossible for an attacker to reproduce the algorithm to generate identical password phrases, because for this it is necessary to reproduce the state of three systems: a hardware number generator, a user’s computer, and a user’s brain. If with a computer it’s even more or less clear, then fantastic problems await the hacker’s brain and hardware generator.
The created phrase consists of 17 basic words (16 effective, since the first word is always “prizm”) and 16 additional characters entered by the user.
The total size of the dictionary for creating a mnemonic phrase is 1626 words.
In total there are 1626¹⁶ (1626 to the 16th degree) = 2.387419079 × 10⁵¹ possible basic mnemonic phrases, and about 2.857942575 × 10²⁷ possible combinations of an additional 16 characters from the user
The potential number of possible mnemonic phrases created by wallet.prizm.space is 2,387419079 × 10⁵¹ * 2.857942575 × 10²⁷ =
6.82310663 × 10⁷⁸ (6.82310663 times 10 in the power of 78)
pieces, which makes collisions impossible even theoretically, like brute force of a passphrase (if you start breaking a passphrase with brute force, it will end after the heat death of the Universe).
An example of a mnemonic phrase:
prizm opposite crimson both shower precious hopefully here keep trace barelymany upset give image scream movement peaceful reveal
Cryptographic technologies used by wallet.prizm.space:
– Key exchange: Diffie-Hellman protocol on elliptic curves
Well-established and secure protocol
– Symmetric encryption: AES-256 GCM
It is used by the military to transmit classified data of the “Top Secret” class.
– Hashing: SHA-256
– Reed-Solomon Code
It is used for a human-friendly representation of the wallet identifier and correction of user errors when entering it
Security is guaranteed by the approach used to work with the wallet – the online wallet works as a standalone client, using the server only as a source of information and a way to transmit transactions.
A truly outstanding method of creating mnemonic phrases is used.
Security Rating: 10/10
Anonymity and Depersonalization
There are two ways to enter your wallet:
1. Enter the identifier of your wallet – this allows you to view current balances and transactions without placing a secret key, even in browser memory
2. Enter a mnemonic phrase – this allows you to decrypt the contents of transactions and make an outgoing transaction to another wallet
Given that the mnemonic phrase and secret key are not sent over the Internet, the only information that the user reveals is wallet id. No other information is required that violates the anonymity of the wallet – there is no connection between the user’s wallet and his email and / or name. This approach also provides 100% protection against the “man in the middle” attack!
Anonymity is guaranteed by the lack of personal data.
Anonymity rating: 10/10
Decentralization and control
When each user is anonymous and contains his private keys, it is impossible to exercise control over users and there is simply nothing to centralize. However, the IP addresses of visitors can be tracked just like on any other site, however, the success of trying to associate IP with a specific wallet is extremely unlikely.
Decentralization score: 9/10
To start using PRIZM Light Wallet to manage a personal wallet, you need to understand only 3 concepts:
1. Mnemonic phrase – wallet password
2. Public key
3. Wallet ID
The meanings of these concepts are close to intuitive for an ordinary user. This is the lowest entry threshold on the cryptocurrency market to date.
The interface is as minimalistic and conservative as possible, providing access to the necessary information – transactions, messages and balance – without distracting the eye with tinsel. The absence of “excesses” and “luxury” allows us to provide the maximum wallet performance – we have not yet met a web wallet for cryptocurrency without periodic juggling and loading. Even the same giant https://blockchain.com/wallet periodically raises performance questions.
We believe that minimalism increases accessibility for users – and cryptocurrencies are actively gaining popularity among non-IT people.
And that is important.
Availability Rating: 10/10
Final grade: 39/40
PRIZM Light Wallet is a real cryptocurrency wallet in its purest form, that is how direct access to cryptocurrency should be. He is quite capable сompete with hardware wallets regarding usage safety.
Let’s hope that other wallets will go in the same direction and increase not additional fields to fill in personal data, but cryptographic functions directly in the browser and try to ensure anonymity of users.
When using wallet.prizm.space, you temporarily place your wallet key in the RAM of your computer / phone / tablet – for your part, you should take care of the safety of your devices. In the ideal case, the mnemonic phrase is stored permanently in only one place – in your head, which is the safest, but sometimes not the most reliable repository.
The threats that await while using wallet.prizm.space are only on our user conscience; You can lose your key in the following situations:
1. Lose the mnemonic phrase
2. Make the root of your phone or turn off the antivirus on the computer and have specialized viruses on the device
Let’s see what risks exist if you use the Trezor hardware wallet – the list of threats is identical:
1. Lose Trezor
2. Flash Trezor with unofficial “custom” firmware and have specialized viruses on the device
On the PRIZM Light Wallet side, all possible measures have been implemented in reality to provide the best service to cryptocurrency users, and we believe that other wallets should focus on it.
MicroBT to hold the Global WhatsMiner M30 Launch Event online
MicroBT will hold the Global WhatsMiner M30 Launch Event to explain in detail the M30 series of full-line products and sales strategies and share. In the current epidemic situation, miners and people in the entire cryptocurrency industry are in a difficult winter period. At this difficult time, MicroBT hopes to spend the time with practitioners and stick to their beliefs. Bitcoin mining senior practitioner F2Pool’s co-founder Chun, and Adam Back CEO of Blockstream will show their blessings from the videos.
In early December of last year, mining machine manufacturer MicroBT announced the parameters of the WhatsMiner M30 series, saying that the power consumption ratio of the entire series of bitcoin rigs will be lower than 50W / T, which has caused widespread concern among cryptocurrency mining practitioners for a while.
In mid-May this year, Bitcoin will usher in the third halving of history, which is also regarded as a critical period for the test of the computing power of the entire Bitcoin network. Miners are also updating their equipment for the arrival of the halving. In order to survive and develop, miners must gain a comparative advantage over their peers. The game process of miner behavior in Bitcoin halving is actually quite interesting. Blockware Solutions, a cryptocurrency mining service provider, conducted a detailed merger and analysis of the game stage.
The online event can break the shackles of physical space through the online method, and deliver the latest news of M30 in the first time efficiently. Since MicroBT announced the news of the new product launch of the WhatsMiner M30 series, it has raised widespread concern among peers in the mining circle and practitioners in the blockchain industry. Therefore, MicroBT has been sharing the latest news through Twitter and Telegram groups.
Various actions revealed MicroBT’s willingness to improve user operation and after-sales service, from a relatively primary operation promotion method to a more professional service method, and more actively understand users’ feedback. The exchanges enable users to understand WhatsMiner more comprehensively and conveniently, which reflects the determination of MicroBT to deeply cultivate the industry and carefully serve users, so that the new WhatsMiner M30 series can provide help to more miners and overcome difficulties.
Rakuten Wallet Launches Service for Exchanging Rakuten Super Points for Crypto Assets
Rakuten Wallet Inc., a consolidated subsidiary of Rakuten Group and operator of a crypto asset (virtual currency) exchange business, today announced that it has launched a service that enables users to convert Rakuten Super Points from Rakuten Group’s loyalty points program to crypto assets through the Rakuten Wallet app, which offers crypto asset spot trading services.
This new service allows Rakuten users in Japan who have a Rakuten Wallet account and have earned Rakuten Super Points to convert their loyalty points to crypto assets available on Rakuten Wallet: Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH)*1. Rakuten Super Points can be exchanged from amounts of 100 Rakuten Super Points and above*2. To use this service, customers can log in to the app, and, after choosing “Points Exchange,” select the target exchange currency and amount. One Rakuten Super Point is equivalent to one yen when converted to crypto assets, and when the exchange is complete it will be reflected in the transaction history on the customer’s smartphone app*3, *4.
Through the launch of the new service, Rakuten Wallet hopes to reduce the barriers of entry to crypto asset trading by providing an easy and more accessible way for new users to start, including novice users who are interested in crypto asset trading with no prior experience. In addition, the service also increases the range of uses for Rakuten Super Points across the Rakuten Group’s ecosystem of services, making the Rakuten loyalty membership program even more attractive and convenient.
Rakuten Wallet, as the Rakuten Group’s virtual currency exchange business, will continue to provide transaction services that customers can use safely and securely, and further expand its services by leveraging Group synergy.
About Rakuten Wallet
Rakuten Wallet, Inc. started a virtual currency exchange service on March 30, 2017. On September 7, 2017, Rakuten Wallet submitted an application for registration to be a “virtual currency exchange service provider” to the Kanto Local Finance Bureau, pursuant to Article 63-3 of the Payment Services Act. Rakuten Wallet completed registration as a “virtual currency exchange company” with the Kanto Local Finance Bureau, based on the Payment Services Act, on March 25, 2019. The company, formerly known as “everybody’s bitcoin Inc.,” changed its name to “Rakuten Wallet, Inc.” on March 1, 2019. Rakuten Wallet started accepting applications for accounts on April 15, 2019 for its crypto asset (virtual currency) trading service and started offering crypto asset (virtual currency) spot trading services on August 19, 2019.
ArBinance Makes Arbitrage Trading Easier
ArBinance is a cryptocurrency arbitrage platform. It allows traders to benefit from the difference in price value between cryptocurrency markets.
The platform, which deals with over 100 cryptocurrency exchanges, aims to make arbitrage trading easier for professional and novice traders alike. The trading platform uses its specially designed software that is both highly functional and easy to use for traders.
Seeing that arbitrage is not only about finding beneficial trades but making them promptly, ArBinance’s software is built with efficiency in mind. The platform’s application instantly identifies profitable trade opportunities and acts upon them just as swiftly. This process makes sure that individual traders could benefit from market events within seconds of their initiation.
ArBinance is Allowing Users to Take Fair Advantage of Arbitrage
Arbitrage trading refers to the practice of benefiting from the difference in price value between various markets. When traders spot this price difference, they buy the asset from the lower-cost market and sell it in a place where it is at a higher price.
This difference is simply a fraction of the total price of the asset. As such, buying and selling it in a single transaction does not bring in massive profits. But when this price difference is spotted, and essential purchases or sales are made a few times a day, it could bring in astounding results. That’s one of the many reasons why arbitrage trading is so prevalent in conventional markets.
As the cryptocurrency market grows with more and more exchanges, arbitrage trading has also started to gain significant traction within the sector. More exchanges mean more opportunities to spot pricing differences, which translates to higher profitability.
Traders must be their best at all times to determine the price difference between hundreds of exchanges. Since no one can keep up with an avalanche of trades, traders are not able to gain full advantage of arbitrage trading even if they want to do so.
That is where automated solutions such as ArBinance come in.
ArBinance Offers Targeted Arbitrage Solutions
To help traders make the most out of arbitrage trading, ArBiance has designed an intuitive interface. The application is easy to use and boasts of a few significant functions, such as the ability to perform automated arbitrage trading. Trades are possible even when users are away from their computer screens.
ArBinance works round the clock and lets its users take advantage of 24/7 arbitrage to make sure that they never miss out on potential gains. The automated platform has been designed to spot price differences in over 100 hundred cryptocurrency exchanges and make trades instantly. This way, traders can benefit from relevant opportunities without manual tracking of prices or execution of trades.
ArBinance provides its arbitrage solutions through its website, where interested traders could sign up to use its services. To learn more about ArBinance and its offered trading solutions, head to ArBinance.com today.
SoFi Introduces Crypto Trading With SoFi Invest
SoFi announced today that it has added crypto trading to its fast-growing SoFi Invest platform, as a response to demand from its over 800,000 members. SoFi Invest is now the first platform to offer automated and active investing with stocks, ETFs, and crypto through a single app.
Individuals can easily buy and sell several cryptocurrencies with straightforward, competitive commissions and no account minimums, as well as track the price movements of the world’s most widely-traded digital assets, with more cryptocurrencies to be added in the coming months. SoFi secures all crypto holdings from fraud and theft.
“Feedback from our members has made it clear that a significant percentage are not only interested in learning more about cryptocurrencies but are also already buying and selling crypto,” said SoFi CEO Anthony Noto. “We’re very pleased to be adding this new product to SoFi Invest, as access, education, and keeping costs low for our members is at the heart of what we do.”
SoFi Invest, released to the public earlier this year, offers both automated (robo-advising) and active investing (trading) with no fees on stock trading or account minimums. The launch of crypto trading comes on the heels of SoFi’s introduction of its own SoFi-branded ETFs this Spring, which included the first two zero-fee ETFs on the market, as well as Stock Bits: the ability to buy and sell fractional shares in over 100 popular stocks and ETFs ranging from Apple and Amazon, to Alphabet and Tesla*.
Simcord – Ukrainian IT company, integrating digital assets into the international legal field
IT is confidently turning from a young area of the industry into a mature segment of economy, while the profit from progressive developments is increasing annually.
In particular, two years ago, IT services occupied the third place in Ukraine’s export, but last year they already moved to the second and represent a fifth of Ukraine’s export production volume. Local abilities of the country are pretty significant: Kharkiv and Lviv are leading among regional IT clusters, while Kyiv, Dnipro and Odesa are slowly strengthening their positions. We can state that Simcord, which is located in Kharkiv, is one of the activists in the field.
Simcord is mainly engaged in implementing hi-tech solutions for businesses and integrating blockchain technologies. However, these areas not only don’t restrict the scope of the company’s activity, but also give the opportunity to simultaneously work in other areas. In particular, the company develops software and progressive products: blockchain protocols and consensus algorithms; analytical platforms for processing high data volumes; hardware and software complexes for trading on the global financial market; websites, mobile apps on iOS and Android platforms.
Innovative models of servicing progressive business strategies stand out among the services provided by Simcord. First and foremost, they include: advice in the field of digital technologies on international financial markets; development of application programming interfaces; legal advice and supervision; organization of information security, etc.
Since the beginning of 2019, Simcord announced the start of works on integrating the term “digital asset” into the international legal field. In the article “Substantiation of the Term “Digital Asset”: Economic and Legal Aspects”, Simcord CEO Alexander Kud explains that digital asset is a certain value represented in digital form. It covers economic, legal, value and information components of a digital asset. The author notes that the emergence of blockchain and cryptocurrencies, which became phenomena in the economic field themselves, gives practical significance to the term “digital asset”.
Aside from forming a clear definition of the term, Simcord, in association with the National Academy of Legal Sciences of Ukraine, initiated the introduction of this term into the legal framework. Thus, they developed the document (de facto a test) for determining whether a blockchain token corresponds to a digital asset. Using this test, one can determine if any token is a digital asset based on its properties and correspondence to the criteria.
In September 2019, representatives of Simcord took part in the III International Legal Forum held at the Yaroslav Mudryi National Law University, where they became the first IT company to participate in such event. For Simcord, the forum was yet another opportunity to demonstrate the entire potential of the Bitbon system in developing an information economy supported by the blockchain technology.
Representatives of Simcord gave several presentations, participated in the roundtable and panel discussion, where they comprehensively explained the essence and opportunities of Bitbon for the formation of the market of information resources and services. They discussed the nature of digital assets and defined the prospects of integrating them under new conditions. For representatives of economy, business and law, Simcord CEO Alexander Kud held a briefing on the relevant issues and presented the monograph “Digital Assets and Their Legal Regulation in the Light of the Blockchain Technology Development”.
Simcord is the company that lives in the future and creates it today. This slogan allows constantly moving forward and actively building future plans. Now, representatives of Simcord are preparing to take part in the roundtable of the Research Center of Legal Solutions in the Area of Application of Distributed Ledger Technologies on “Standards of Blockchain Tools”. Occasionally Simcord conducts briefings on the matters of digital and information economies, legislative process of regulating blockchain and development of the Bitbon system in the legal field.
Having analyzed the activity of Simcord, you can come to the conclusion that the company is consistently moving towards realizing its main idea, while at the same time striving towards the digitalization of economy along with Ukraine. The company successfully implements its ideas and is moving forward together with the global progress.
BitMEX platform now in Trade-mate.io
Nowadays, the monitoring of all the statistics regarding exchange accounts and the management of all the potential forces that can lead to alterations, crucial data for all the traders, has become more accessible thanks to a well-known platform, called Trade-mate.io.
This platform constitutes the project of a very experienced team with significant contributions in the field of automated systems. In this platform, the traders can carry out exchanges either automatically or manually, and they can use Binance and Poloniex crypto exchanges as well. Other than that, the users can also benefit from the BitMEX trading platform via Trade-made.io, making their life easier.
Trading on BitMEX
BitMEX is a trading platform that provides to his users the ability to participate in the financial market worldwide by using the so-called bitcoins. This platform is the first one where investors are provided with crypto derivatives that give the possibility to execute transactions with a higher profit margin, with leverage up to X100.
Although, because of the emerging technical issues during the implementation of BitMEX via API have prevented many large exchange platforms of adopting it, that didn’t dissuade the Trade-mate.io of integrated it, widening its users’ potentials even more.
Minimizing the risk of loss
Even though the X100 leverage scenario is very attractive to all the traders, the risk of loss must not be overlooked. Even the most experienced traders are not fully protected from such a great risk ratio, as the price of the triggered order is too close to the elimination zone, which can lead to an X100 loss. On the grounds of that, Trade-mate.io has set an X20 limit at the trading leverage to protect its investors from a great loss of their deposits.
Cross-leverage hides big risks, as it uses all the available funds in an account’s balance to cover an open position. If the price is moving in the right direction, the leverage will be reduced as well as the collateral due to the accumulated profit. Albeit, in the case, that the leverage will escalate, as a consequence, there will be a total loss of the initial funds. In other words, when the position is opened and the order is liquidated, the entire balance will be reset.
Because of its highly risky nature, the cross-leverage is not recommended for risk-averse investors. It may be advisable for risk-neutral users, as it offers the ability to calculate again the size of the leverage, which will vary within acceptable values.
Because of its high-risk nature, the Trade-mate.io does not support cross-leverage.
Why use Trade-mate.io platform
One of the most important features of the Trade-mate.io platform is the fact that an order is placed with a take profit and stop loss simultaneously and, they can be altered either automatically or manually, providing to the investor with the opportunity to make Smart Trade functions.
A Smart Trading process consists of two types of orders, the limit order, and the market order. In the first case, an order is placed at the price of interest and when it riches the specified level, the order is activated. In this case, the order is pending. In the case of the market order, the purchase or the sale of an instant market asset is made at that moment.
The trailing mode is a Smart Trade’s function that rearranges the orders based on the specified parameters, allowing the trader to minimize the risk and to increase his profits. Trailing mode consists of three orders:
1. Trailing take profit
In this case, the order parameters change the value of floating take profit and the default setting is 1%. As the price attains the level of the determined take profit, the take profit is being automatically moved to the set value until the price is no longer changing.
2. Trailing stop loss
The difference with taking profit is that, in this case, instead of taking profit, the taking loss is the one that is moved as the price increases and it remains stable when the price is decreased.
3. Trailing ladder
Here, as soon as an order is opened, the take profit and stop loss are triggered concurrently. In more detail, when the price approaches the first level of taking profit, the stop loss is moved to the break-even point. This will continue until the price crosses the stop loss line and the sell is activated.
It should be emphasized that this mode is not included in the BitMEX platform or any other crypto exchange.
Edit a task
In the trade-mate.io platform, the traders are also able to edit the current task without canceling it, unlike with other crypto exchange users where the users are obliged to cancel the old task in order to create a new one.
In the Trade-mate platform, the task can be edited before the order is been activated. The traders are able to cancel the task, to change it in case they want to sell cryptocurrency when the price has reached desirable levels or to average it. By this can be benefit traders dealing with leverage, as once they have created an order, they are able to edit it in the meantime, making the whole process more simple.
Last but not least, in this platform, the traders possess the ability to change even the control panel and to make it comfortable for them to use it. They can move the elements in the control panel and adjust them at the most convenient for them positions by just dragging them around the screen.
Copy on BitMEX
BitMEX gives the opportunity to its traders to copy trades from other trades, the so-called auto trading. In addition, traders who execute successful trading on the crypto market, they receive incomes from the subscribers. That’s why Trate-mate.io selects only the traders with the highest ratings in order to guide others. Again, for the safety of its users, the leverage for auto trading will be no more than X5. In this way, liquidating balances are prevented.
Binance Lists NGN, Offers Zero Fee Promo for Deposits
Binance has opened deposits for the Nigerian Naira (NGN) through Flutterwave. We have also added trading pairs BUSD/NGN, BNB/NGN, and BTC/NGN to the Stablecoin Market (USDⓈ) as of October 24, 2019, 12:30 UTC. Users can now start depositing NGN and using it to buy BUSD, BNB, and BTC.
Promo: Enjoy Zero Fees on NGN Deposits
To celebrate the first fiat currency listing on Binance, all newly registered users who deposit NGN to Binance through Flutterwave will enjoy zero fees for deposits up to 36,000 NGN starting October 24, 2019.
Binance has committed a total of 10,000 USD worth of NGN to give to our newly registered users worldwide. Rewards will be distributed on the following day based on the first-come-first-served manner.
- NGN is the legal tender of the Federal Republic of Nigeria. NGN is the currency code, not the digital currency code.
- NGN deposits fees are set at 1.4%. The maximum deposit amount per transaction is 430,000 NGN, while the minimum deposit amount per transaction is 150 NGN.
- Rewards will be distributed the day after you made your deposit, before 7:00 AM UTC. You can check your prize by going to Distribution History > Wallet > Account Center.
- The exchange rate between USD and NGN will be based on the intermediate exchange rate.
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