Data from Cointelegraph Markets Pro and TradingView revealed new March lows of $40,551 for BTC/USD on Bitstamp, taking two-day losses to 10.2%.Continue Reading on Coin Telegraph More
Another reason that could be keeping investors on the edge is the upcoming Federal Open Market Committee (FOMC) meeting on March 16. A statement from Fed Chair Jerome Powell on March 2 highlighted that the central bank is likely to hike rates this month.Continue Reading on Coin Telegraph More
Last week, the prime minister asked cryptocurrency exchanges to ban the crypto wallets of users in Russia, but most platforms declined the request, citing concerns about lack of fairness to Russian citizens trying to survive the collapse of the Russian economy and currency.On the FlipsideEMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
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Learn More About the Bitcoin Interest-Bearing Wallet In This Guide1. How does Bexplus’ BTC interest wallet work?The funds in the wallet will be offered as a professional loan to financial firms that will use the funds as market makers and add liquidity to the market. And the interest rates are adjusted at least once every 6-12 months. Bexplus will not use the deposits for other purposes and you can withdraw the funds at any time you want.2. Is it safe to use an interest-bearing wallet?Independence: The wallet and the trading account are separate, so deposits in your wallet aren’t influenced by your positions, nor are they affected if they are liquidated.High Security: The platform uses multiple signature access, and all funds transferred from cold storage to hot wallets are manually processed and require multiple staff to coordinate.3. How is the interest calculated?Bitcoin in the Savings Wallet will not be considered as margin by the system, so even when you have open positions, the equity in your Saving Wallet will not be affected by your orders.Bexplus’ interest wallet APY surpasses most competitors in the industry.Example: You deposited 10 BTC and enjoy an annualized interest rate of 21%, then your monthly wallet revenue is (10*21%/365*30)=0.17260273BTCWhile some lending platforms require traders to deposit at least 1 BTC, traders can make a deposit starting from 0.05 BTC on Bexplus.View detailed interest wallet rules.Why Choose Bexplus?Bexplus is a leading crypto derivatives platform offering 100x leverage in BTC, ETH, ADA, DOGE, and XRP futures contracts. Headquartered in Hong Kong, Bexplus is trusted by over one million traders around the world, including the USA, Japan, Korea, and Iran. No KYC, no deposit fee, traders can receive the most attentive services, including 24/7 customer support.What Is 100x Leverage and How Does It Work?Assume we use 1 BTC to open a long contract when Bitcoin is trading at $40,000. With 100x leverage, we can open a position worth 100 BTC using funds borrowed from the trading platform.One day later, the price of Bitcoin increased to $43,000. The profit will be ($43,000 – $40,000) * 100 BTC/$43,000 *100% = 7 BTC, making the ROI 700%.Now, with Bexplus’ 100% bonus, our initial investment would be 2 BTC, and our realized profit made with these 2 BTC will be 14 BTC, and the ROI on your deposit will also double to 1400%.With leverage, it’s important to be vigilant, as returns can be outstanding, but liquidations are easier if the price moves down.No KYCNo KYC protocol is strictly carried out throughout every process. Registration only requires email confirmation and only takes a minute. Bexplus provides services to traders from over 200 countries, including the USA, UK., Japan and Argentina.Demo account with 10 BTCTo help traders better familiarize themselves with leveraged trading, Bexplus has launched a trading simulator. There are 10 replenishable BTC in the demo account for traders to practice as much as they like, without taking any risks. You can also learn to analyze the market and use the toolkit with the demo account.24/7 withdrawal and 24/7 customer supportYou can submit a withdrawal request anytime you want. You can have your deposits back in as fast as 30 minutes during work hours. If you encounter any problems when using Bexplus, you can contact customer support via different channels, such as e-mail and live chat.Copy TradingWith copy trading provided by Bexplus, you can automatically copy other excellent traders’ trading. It can be a really valuable portfolio for those who are just starting out in trading, or those who don’t want to dedicate a huge amount of time to managing their trades.What Does Doubling Deposits Mean?100% deposit bonus, but Bonus is not withdrawable, traders can open larger positions with the bonus and potentially increase their profit, and generated profit can be withdrawn. In addition, if the market is too volatile, the bonus can be used as an increased margin.If you missed the boat before it’s time to decide whether you want to take action and start earning in the cryptocurrency space. To accumulate more BTC, Please join Bexplus and claim your bonus!Disclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.Continue reading on CoinQuora More
According to a Bloomberg report citing anonymous sources, the SEC is investigating whether “certain nonfungible tokens… are being utilized to raise money like traditional securities.”Over the last few months, attorneys from the agency’s enforcement unit have sent subpoenas to some NFT projects. Particularly, the Commission to taking a close look at how fractional NFTs are being used.For the uninitiated, fractionalization of an NFT involves selling bits and pieces of a valuable NFT. For instance, the lowest-priced CryptoPunk currently has a price tag of over $200,000. This is far beyond the reach of small-time investors. Through fractional NFTs, regular investors can still own a portion of a CryptoPunk.Interestingly, the news does not come as a surprise. Back in March, Hester Peirce, aka Crypto Mom, opined that selling fractionalized NFTs could be a grey area. Back then, she said:As for the NFT market, while January was a record month for the industry, there was a slight decline in sales volume and NFT-related searches last month.Continue reading on BTC Peers More
James Crypto Guru, the founder of Magic Craft, is an 18-year industry veteran with a diverse background in business and investing. A multi-millionaire with unequaled knowledge of the cryptocurrency and stock markets who is semi-retired. He is a well-known YouTube analyst and lecturer who has a track record of correctly predicting daily Bitcoin prices.“We have hit huge milestones in just a few months,” Magic Craft’s founder, James Crypto Guru, said of the company’s progress and accomplishments. “We are accumulating more and more holders every day and producing incredible trading volume for $MCRT without even introducing the main feature.” “Our social reach is also quite outstanding,” he continued. “We currently have 50k followers from all over the world on our social media sites. We are quite pleased with the impact and impression that Magic Craft has on its users. Magic Craft has made a positive impact on its users, and we’re happy with that. We’re ecstatic about our idea, which will revolutionize the GameFi area and propel Magic Craft Game onto the international stage.”Magic Craft aims for a successful 2022Magic Craft to continue its Metaverse dominance in 2022 as well as it started the year with a new listing on MEXC Global. Founded in 2018, MEXC Global is a centralized exchange that employs a high-performance mega-transaction matching technology. The CEX platform is run by a team of professionals with extensive financial industries and blockchain technology experience. MCRT is also listed on Dextools, Pancakeswap, and Bitmart. The project is achieving significant milestones on a daily basis, thanks to increased trading volume and positive price action.The IDO presale of $MCRT saw the community buy the entire quantity of 300,000,000 tokens available for presale in a stunning fashion. $MCRT’s Soft cap program for 2000 BNB sold out in a day, indicating that the event was a success. On Dextools, Pancake-Swap, and Bitmart Exchange, community members who missed out on the spectacular presale are clamoring for the new token. The successful launch has led crypto enthusiasts to believe that $MCRT is more than just another token project, but one with great potential, value, and utility in the crypto space. With over a million interactions on Twitter (NYSE:TWTR) and Telegram, the successful launch has led crypto enthusiasts to believe that $MCRT is more than just another token project. $MCRT is presently selling at a large premium to its presale value, indicating that its mainstream acceptance is rapidly increasing.Play-to-earn gaming is becoming increasingly popular, and it’s sweeping the cryptocurrency industry. Many people who participate in P2E games have one goal in mind: to generate money. There is a lot to do in this game, from finding rare items and selling them on marketplaces to defeating other players in PvP combat and earning in-game cash. Under this exclusive gaming model, participants are rewarded for playing games that they would otherwise play for free or for spending money from their wallets to level up.The Magic Craft ecosystem intends to disrupt incumbent game developers such as World of Warcraft and League of Legends by granting creators actual ownership of their inventories in the form of non-fungible tokens (NFTs) and rewarding them with the utility token, $MCRT. Magic Craft distinguishes itself from the competition in three significant ways:The popularity and rapid adoption of blockchain games have resulted in a tremendous increase in the number of crypto games in the market. During the current crypto bull run, the value of some blockchain gaming tokens has surged by up to tenfold in the last year. According to a recent industry survey, approximately 3.1 billion individuals play video games worldwide, accounting for around 40% of the global population. Gaming continues to develop year after year and has now surpassed both the music and film industries in terms of revenue. All of this creates the promise of a new world, a new economy, and new opportunities.To learn more about Magic Craft visit Magiccraft.ioTwitter: https://twitter.com/MagicCraftGameInstagram: https://www.instagram.com/magiccraftgame/Telegram: https://t.me/magiccraftgamechatDiscord: https://discord.gg/magiccraftgameMedium: https://medium.com/@MagicCraftGameLinkedin: https://www.linkedin.com/company/magiccraftDisclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.Continue reading on CoinQuora More
WASHINGTON (Reuters) -Russia’s war in Ukraine has “horrified” the World Bank’s shareholders and will have lasting consequences for Russian President Vladimir Putin and Russia’s standing on the global stage, the global lender’s president said on Friday.World Bank President David Malpass told Fox Business Network that China’s reaction to the war and the Western sanctions imposed on Moscow would be influential in determining how Russia’s future trade relationships develop.”There’s a global outpouring in favor of Ukraine, and that will have lasting consequences, whatever the outcome of the war,” Malpass said, citing what he called “a very clear focus on Putin being the source of the problem.”He listed previous Russian invasions, including of Hungary in 1956, Czechoslovakia in 1968 and Georgia in 2008 and the annexation of the Crimea region of Ukraine in 2014, but said the current war was far broader.”This is an order of magnitude worse in terms of the decimation and the deaths that are occurring, so I think there will be lasting consequences,” he said.SPEEDING FUNDS TO UKRAINE Malpass said he would speak with Ukrainian President Vododymyr Zelenskiy later on Friday and planned to submit to the World Bank’s board on Friday a loan package for Ukraine that has been expanded with country contributions and has been coordinated with “people that are in bunkers in Ukraine.”Reuters reported on Thursday that the package had grown to 460 million euros ($503 million). Malpass said the goal was to get the money to Ukraine as early as next week. Malpass, a former U.S. Treasury official, said the financing for Ukraine would be “for payment of the ongoing – call it war effort – the ongoing development effort and the medicine efforts that they need to do as a government.”Russia’s global financial isolation intensified on Friday as the London Stock Exchange suspended trading in its last Russian securities and as Europe, the United States and othe countries continued to roll out financial sanctions on Russia.Malpass said the raft of sanctions were having a significant impact on Russia’s interactions with financial markets, while raising questions about its dependence on China and delivering a huge supply shock to world energy and food markets.China, a major shareholder in the World Bank, had to be “horrified at where this is developing,” Malpass said, adding, “That’ll be an important issue in how world trade develops. They buy oil from Russia when the sanctions are in place, but can the companies really remain part of the world system when they’re so engaged with Russia? We’ll have to see how that evolves.” More
(Reuters) – It was just a hint of something good on the horizon, Richmond Federal Reserve President Thomas Barkin said this week, but in his recent conversations with business officials they have been suddenly upbeat about the number of applicants for open jobs.He wasn’t ready to call it a trend, but “you can hear the first glimmers of the labor market starting to ease,” Barkin told a Baltimore business group. It’s an observation that if it holds up could mean the pandemic backlog of too many open jobs and too few workers may be on the verge of thawing, with implications for the path of inflation, wages, and the Fed’s own policy debates.Employment data released on Friday showed that glimmer may in fact be a bright light and the first solid evidence the Fed has had in recent months that some of the key economic aftershocks from the pandemic are starting to wane.Workers did in fact surge into jobs: Firms added 678,000 new positions, and the unemployment rate fell to 3.8%.But just as notably for the Fed wages were flat, relieving fears of an inflationary “wage price spiral” and redeeming somewhat the Fed’s hope that over time workers would set aside their pandemic fears, find ways around childcare or other constraints, and return to work.The employment-to-population ratio, watched by many Fed officials as an overall barometer of labor market health, rose again, to 59.9%, and is now just 1.3 percentage points below where it was before the pandemic; an additional 300,000 people were either working or looking for work in February versus the month before, and the labor force has now grown by 2.3 million in the last five months – the type of net flow back into work or jobseeking officials have been waiting for. Pandemic fiscal support for households has now largely expired with the end of childcare tax credits in January, wages are higher than they were, and businesses have reported using a variety of incentives like benefits and more flexible work arrangements to fill jobs with employees who have become more selective about working conditions.”If we see more numbers like this moving forward, we can be optimistic about this year,” said Nick Bunker, research director at job site Indeed, who noted that many core labor market statistics are in striking distance of where they were before the pandemic. The total number of jobs is just 2.1 million below February 2020, a gap that could be filled by the start of summer at the current pace of hiring; the unemployment rate is just three-tenths of a percentage point higher; and the number of unemployed, at 6.2 million, is just around half a million more than before the pandemic.It wasn’t time yet to declare the labor market healed from the pandemic, Labor Secretary Marty Walsh said in an interview. “We still have work to do,” he said noting the still- elevated Black unemployment rate of 6.6%. But he also predicted that within the year some of the pandemic-related gaps will have closed and “we will be back to normal job day numbers.” NORMALIZATION THE ‘TOP PRIORITY’The employment report for February likely keeps intact the Fed’s current plans to raise interest rates at its meeting in two weeks to confront high inflation. Fed Chair Jerome Powell said he would support an initial 0.25-percentage point increase from the current near-zero level, with more increases expected during the year.But it may also give some relief, at least for now, against calls for faster or bigger rate hikes. The last few job and inflation reports showed both prices and wages accelerating, and pushed the Fed’s current policy – crafted to battle the pandemic – further out of step with a quickening economic rebound.The pause in wage increases coupled with strong hiring and a growing labor force showed a dynamic at work that policymakers hope will take root across the economy: Improvements in the supply of goods and services, in this case labor, helping meet strong demand without excessive price hikes. The war in Ukraine has added a new layer of uncertainty to the outlook, as Powell noted in congressional testimony this week.Analysts noted as well that overall hiring remains so strong that one month of flat wages may not mean much. The annual increase remains a robust 5.1%.”We are inclined to look through the reported wage weakness,” wrote Jefferies Chief Financial Economist Aneta Markowska. “The labor market is hot and inflation is likely to accelerate” to perhaps as high as 8% by March from 7.5% in January.”Policy normalization remains the top priority for the Fed,” she said.The employment data arguably showed a step back towards normal, with job gains spread widely through the economy, including in some of the service industries most harmed by the pandemic. A broadening set of industries have fully rebounded to pre-pandemic employment levels, with the hardest hit leisure and hospitality sector still 9% below but improving.High frequency data have shown steady improvement as well with momentum for more to come. Air travel has been on the rise as has in-person restaurant dining, bellwether activities marred for two years by fears of the virus.Payroll manager UKG said recent shift data showed the impact of January’s Omicron wave, which had kept millions of workers off the job at its peak, had all but faded, and that employment gains seemed to be gaining steam in the most troubled sectors.”It’s very clear that people are increasingly coming off the sidelines,” wrote UKG Vice President Dave Gilbertson. More
