Forex & Digital Currencies

The 3rd Annual Global Crypto Hedge Fund Report 2021 by PricewaterhouseCoopers

This is an interesting crypto research made by PwC Global Crypto, and released recently. The research provides a useful insight into the crypto hedge funds and their market behavior by comparing 2020 to 2019.

The 3rd Annual Global Crypto Hedge Fund Report 2021 by PricewaterhouseCoopers

The Crypto Research in Short

The research shows that currently there are between 150 and 200 active crypto hedge funds. Most of these crypto funds (81%) were launched between 2017 and 2020. The total assets under management (AUM) of crypto hedge funds increased to over 3.8 billion USD in 2020 from 2.0 billion USD in 2019.

Click to Visit BINANCEBinance Review

 

Binance Basic InformationBINANCE REVIEW AT A GLANCE

■ TYPE: SPOT CRYPTO EXCHANGE (ALSO INCLUDES P2P & LEVERAGED PRODUCTS)

■ WALLET: COLD WALLET

■ HEADQUARTERS: MALTA & THE CAYMAN ISLANDS

■ ONLINE SINCE: 2017

■ CUSTOMER SERVICE: EMAIL | TICKETING SYSTEM | LIVE CHAT

■ LANGUAGES: 40 LANGUAGES

 

Created in 2017, EOS is the native cryptocurrency of the EOS.IO blockchain protocol. The platform offers smart contracts and decentralized applications (DApps) like Ethereum, Cardano, and Polkadot.

Block .one

The administrator of EOS is a private company called Block .one. The company was founded by Brenden Blumer and Dan Larimer, and it is a software firm specializing in blockchain technologies with 80 employees.

  • Block. one is one of the largest Bitcoin investors, owing 140,000 BTC worth today an estimated $5.6 billion.

 

The 2017 4 Billion Initial Coin Offering

EOS was created by Dan Larimer (Bitshares and Steem) and it is fully administered by Block .one. Larimer announced his resignation from his position as CTO on Block .one, in early 2021.

During its 2017 ICO, EOS raised a record of 4 billion US Dollars. Note, that in September 2019, Block .one agreed with SEC to settle charges related to the unregistered ICO for a $24 million penalty. The settlement is good news as many 2017 ICOs face problems with SEC, as Ripple.

Bitcoin Market Tops/Bottoms Predictive ModelsTop Models for identifying Bitcoin’s Tops/Bottoms

Since its inception in 2010, the cryptocurrency market is characterized by high volatility, four parabolic markets, and an explosive rise of market caps. Bitcoin's market capitalization now exceeds 1 trillion USD, and the total crypto market capitalization 2 trillion USD.

Bitcoin Price Predictive Models

The price of Bitcoin is characterized by high volatility and a great cyclicality. A full Bitcoin market cycle lasts 4 years and consists of three phases that are distinguished by each Bitcoin Halving:

  • After the Bitcoin Halving, the market moves aggressively up for 1 calendar year,
  • After the completion of Phase-a, the market corrects hard for 1 calendar year
  • After the bottom is in, the market consolidates for 2 calendar years, until the next Bitcoin Halving

The following predictive models for the price of Bitcoin are based on fundamental, technical analysis, and on-chain analysis.

RSI PRECISION -AN ADVANCED VERSION OF THE CLASSIC RSI

Created by Giorgos Protonotarios, RSI PRECISION is an advanced version of the classic RSI that works on TradingView and it is free...Created by Giorgos Protonotarios, RSI PRECISION is an advanced version of the classic RSI that works on TradingView and it is free. The oscillator enhances RSI with market momentum and periodic price volatility.

◙ Usage: Identifying Overbought/Oversold Market Levels

◙ Trading: Trading any market, and especially Highly Volatile Markets (such as the cryptocurrency market)

◙ Standard Settings: 14 Periods or 21 Periods

□ Add RSI PRECISION on any TradingView chart here, it is 100% free: https://www.tradingview.com/script/irWH8Wkm-RSI-PRECISION/

 WHAT IS RSI PRECISION?

RSI PRECISION is a technical analysis oscillator that identifies market tops/bottoms in any timeframe. The oscillator is very easy to use and enhances RSI readings with periodic market momentum and price volatility.

Investing in NFTs (Non-Fungible Tokens) - The Complete Guide

 

NFTs (Non-Fungible Tokens)Non-Fungible Tokens are blockchain-powered assets that enable the tokenization of digital artwork and other rare digital collectibles. A Non-fungible token (NFT) is a tradable token that is linked to the ownership of a scarce asset. It can also be described as: “a type of token that creates digital scarcity, and can be verified without any centralized organization that authenticates it.”

Why NFTs are built on Blockchain Technology?

A non-fungible asset uses the blockchain to state or to transfer ownership without any centralized control. These are some key points explaining why the NFT industry is built on top of blockchain protocols.

(1) Ensuring Authenticity

Blockchain technology confirms the origins of a digital asset and ensures that it will not be counterfeited.