North Korea Stealing Cryptocurrency, Funding $2 Billion Weapons Programs

                                  

North Korea is generating billions of dollars in support of the illegal weapons programs

and ballistic missile launches according to a confidential report from the United Nations. Experts providing the report suggest North Korea is using cyberspace, launching sophisticated attacks as a way to generate more funds. Though the report is troublesome, it’s not completely surprising. Cryptocurrency offers criminals an opportunity to skirt government regulations across the globe, steering clear of all the red tape that governs central banks. The .U.N.’s report goes on to say that many of the cyber criminals operating on behalf of the Democratic People’s Republic of Korea are doing so under the guidance of the Reconnaissance General Bureau, the country’s top military intelligence agency. At the present moment, illegal activities and 17 different countries are under investigation. Authorities at the .U.N. believe as many as 35 attacks on financial institutions, cryptocurrency exchanges and mining pools involve individuals representing DPRK.

The Tension Is Rising

North Korea has a long history of violating the human rights of its citizens and drawing the ire of the international community because of it. President Kim Jong-Un is still threatening the United States of America, continuing to put his country’s military capabilities on display with four separate missile tests already launching this summer. The country’s acts of aggression are in direct response to the fact that the .U.S. is currently going through joint military exercises with South Korea. All of this is happening despite the fact that .U.S. President Donald Trump is meeting consistently with Jong-Un. The two have already met three times to discuss halting North Korea’s weapons program. In June, Trump became the first .U.S. President to ever step on North Korean soil, setting foot in the nation’s demilitarized zone.

Still, the .U.N.’s report on North Korea’s multi-billion dollar money laundering tactics was published before the country’s most recent missile launches. It’s now quite clear that Jung-Un is intent on putting more pressure on the United States and United Nations. He is demanding more flexibility in negotiations and threatening a more intense military response as the alternative. The .U.N. Security Council is already banning exports to North Korea as a way to choke out the funding of weapons programs. Trading of coal, iron, lead, textiles, seafood and crude oil are all either banned or severely restricted. In response, the North Korean government continues to transfer weapons-related materials and other luxury goods using ships.

What Does It All Mean For Bitcoin?

As the stakes continue to climb higher and more and more politicians and world leaders are recognizing Bitcoin as an unstoppable force, cryptocurrency hacks will continue to fund black market activities and ill-intent dictators. The question is, what will political unrest do to the price of Bitcoin both now and in the future? On one hand, Bitcoin is currently trending up as alt coins lose steam. The price is flirting with the $12,000 mark. Some investors believe it’s going to be a safety net throughout this crisis. Even .U.S. Senators are going bullish. On the other hand, since Bitcoin is funding weapons programs. Perhaps the general public decides violence and a slowing market is reason enough to pull money out of Bitcoin. Time will tell. For now, the world waits on edge as tensions between the .U.S. and North Korea are heating up.

Article Produced By
Jack Choros

https://cryptoradar.org/north-korea-stealing-cryptocurrency-funding-2-billion-weapons-programs/

David https://markethive.com/david-ogden

                             

Poloniex plans to shift the majority of its crypto trading operations offshore,

according to parent company Circle. The move comes amidst regulatory uncertainty and pressure in the US, which lacks a clear legal framework or guidance for cryptocurrency-related businesses or crypto investors. Circle CEO Jeremy Allaire says that 70% of Poloniex users are not based in the US, prompting the move to another jurisdiction. Allaire says Poloniex has already secured its Digital Assets Business Act license to operate in Bermuda, reports Coindesk.

Says Allaire,

“The lack of regulatory frameworks significantly limits what can be offered to individuals and businesses in the US.”

In May, the Delaware-based exchange stopped offering nine coins for its customers in the US due to regulatory uncertainty: Ardor (ARDR), Bytecoin (BCN), Decred (DCR), GameCredits (GAME), Gas (GAS), Lisk (LSK), Nxt (NXT), Omni Layer (OMNI) and Augur (REP). The CEO also confirmed that the company’s recent downsizing, eliminating roughly 30 employees, was partly due to the lack of clarity from US lawmakers. The company’s current focus is global and getting beyond the US bottleneck. “It took a long time working with the Bermuda government and the Bermuda Monetary Authority.” “The project to establish a new international operations hub for our market, exchange and wallet services, was a major project.”

The move will also allow Poloniex to explore being able to offer financial services, adding that users could expect to see more “yield-generating crypto accounts.” Poloniex ranks in the top 100 crypto exchanges in the world with a 24-hour trading volume of roughly $16 million, according to data compiled by CoinMarketCap. It is also listed among Messari’s Real 10 Volume index reflecting legitimate trading volumes from leading industry players. In the wake of last week’s two congressional hearings on Facebook’s upcoming digital asset Libra, crypto insiders are assessing the highly critical response from US lawmakers who are determined to halt the project in its tracks. The hearings sparked an intense debate about Bitcoin, cryptocurrencies and new corporate digital assets that are all vying for a place in the digital economy.

Politicians have not yet figured out a way to deal with emerging blockchain technology and the many products and services currently in development to bring more financial inclusion for people all around the world. The threat of digital assets lowering costs, rivaling existing infrastructure and challenging the traditional banking and monetary systems has prompted many prominent politicians, including Maxine Waters and Brad Sherman, to demand a moratorium on Libra.

Article Produced By
The Daily Hodl Staff

https://dailyhodl.com/2019/07/22/leading-us-crypto-exchange-heads-to-bermuda-amidst-regulatory-uncertainty/

 

David https://markethive.com/david-ogden

Visa is Entering The Crypto Space, invests Heavily in Custodial Services

As the crypto revolution has moved forward,

the major credit card companies have maintained a curiously low-key approach to its evolution. Now, Visa appears ready to enter the space, having recently made significant investments in blockchain startups, and revealing plans to offer financial services that utilize the technology. These moves are a clear sign that the world’s largest payment network has accepted the fact that cryptocurrencies are now a permanent element of the global financial landscape. Visa has not entirely ignored the evolution of cryptocurrencies. It has followed their development closely, and has filed for a number of blockchain-related patents. However, it is no secret that it, along with other payment processors, do not support their use. Most notably, purchasing cryptocurrency, such as Bitcoin, with Visa cards is restricted in much of the world, and classified as “high risk” where permitted. Also, the company has been reluctant to work with exchanges and wallets to create crypto-linked debit cards, although in a few instances such cards have been issued.

Now, Visa may be changing its position. It has just announced a $40 million investment in Anchorage, a blockchain startup specializing in crypto custody. Anchorage intends to create custody solutions that go beyond mere cold storage, but also give clients greater flexibility in how their funds are managed. Perhaps Visa intends to play a role in this process. Earlier this year Visa also announced the launch of B2B Connect, a blockchain-based international payment service. Similar to Ripple’s xRapid or IBM’s Stellar-based Blockchain World Wire, B2B Connect will facilitate cross border fiat transfers, focusing on business clients. Rather than use a public blockchain, Visa’s service will utilize Hyperledger Fabric. Visa is known to be collaborating with IBM on the platform, which is curious given Big Blue’s own foray into this sector.

The extent to which Visa can succeed with these new ventures is subject to debate. Critics have long asserted that custody solutions are an unnecessary and costly service that offer little extra security to the task of storing cryptocurrency. Also, the long-term viability of fiat transfer services has long-been questioned by crypto purists, as mass adoption may render fiat obsolete. Nevertheless, Visa brings a level of unquestioned experience and trust to these emerging business applications that could make all the difference in the eyes of a skeptical public. There is thus the very real fact that Visa’s entry into the crypto space is adding a degree of legitimacy to the reputation of blockchain assets. Regardless of whether or not it succeeds with its current plans, Visa’s move is one more indication that traditional financial institutions are taking distributed ledger technology seriously.

Most notably, Visa executives clearly understand the threat cryptocurrency poses to their core business model of facilitating electronic debit and credit card payments. Soon crypto options will be available on virtually every point-of-sale terminal on the globe. Merchants will encourage their use to avoid paying Visa’s costly transaction fees. Although Visa has yet to create a clear response to this challenge, perhaps these new offerings indicate that the company understands that it must find new revenue sources if it expects to survive long-term.

Article Produced By
Trevor Smith

https://www.crypto-news.net/visa-is-entering-the-crypto-space-invests-heavily-in-custodial-services/

David https://markethive.com/david-ogden

            Crypto Payment Startup HUPAYX to tap into      Four Hundred Thousand Stores in S. Korea

The South Korean based payment platform HUPAYX

Bitcoin Press Release: The South Korean based payment platform HUPAYX specializing in real-time crypto payments is gaining much interest by partnering with various high profile domestic companies and creating its own Alliance Group, whilst tapping into 400,000 stores in S. Korea. 2nd August, 2019, Seoul, South Korea – The goal of The Human Plus team, the makers of HUPAYX, is creating a new global paradigm in blockchcain based everyday economy together with its alliance partners. One of the recent and most significant partnerships was made with KIS Information Communications, second largest VAN and merchant terminal company with over 2 million payment service app users.

KIS is a subsidiary of NICE Group, which has 28 years of financial infrastructure in Korea. The company is expanding its services at home and abroad on the basis of credit information, financial services and manufacturing business. KIS introduced an electronic signature system through continuous technological innovation and created the first of its kind cash receipt system. It is seeking to expand and diversify its business based on various infrastructures in the domestic market. Through this exclusive business agreement HUPAYX payment solution is to be implemented at 420,000 locations in the Seoul area alone. The scope of the project ranges from implementation at Duty free shops, tourist shopping districts, as well as integrating service via an app with the HUPAY Wallet. The pilot project is expected to kick start in Q3 ~Q4 of 2019. 

The Human Plus Team commented:

“We believe that some of the key partnerships we did reflects not only on HUPAYX potential, but also in trust and technological advantage we possess over our competitors.” 

The company also stated that their goal is to partner with over 1 million stores by the end of 2019 and subsequent integration in Q1 of 2020. The company’s HUPAY Wallet and merchant pos called HPOS is now available as a Beta version for download on Google Play store (iOS in November of 2019).

HUPAYX Partners with Country’s 3rd Largest Telecom Company

South Korean based startup HUPAYX is a cryptocurrency point of sale and blockchain based payment solution geared toward facilitating shopping experiences for both HUPAYX’s contributors, as well as the general public. HUPAYX’s corporate and institutional alliance allows for unique seamless combinations of products and services from a broad range of industries. HUPAYX has signed a business agreement with LG U+ to secure merchants and distribute its POS systems via the LG U+ network. LGU+, an affiliate of LG Group, is a company that provides the country’s top-level wireless internet, smart home and Internet-related corporate services, with over 15 million members nationwide.

The HUPAYX team is now preparing to launch various local governments’ backed blockchain-based digital currency business. The LG U+ partnership will help the company leverage its sales partnership, merchant applications, and telecom infrastructure to expand its merchants base starting from domestic market. Last year, LG U+ has joined with global partners in Japan, Taiwan and the United States to offer subscribers a blockchain-based overseas payment service. The partnership comprised of Taiwan-based Far EasTone Telecommunications and Japan-based SoftBank for the new service. U.S.-based TBCASoft is to provide their blockchain platform.

Article Produced By
Bitcoin Press Release, Ultimate Executive

https://bitcoinprbuzz.com/hupayx-to-tap-into-four-hundred-thousand-stores-in-s-korea/

David https://markethive.com/david-ogden

                            

Bitcoin Press Release: Swiss-based foreign exchange bank,

Dukascopy Bank launches a reward program as an incentive to both new and existing Mobile Current Account users on its messenger app.

25 July 2019, Geneva, Switzerland – Dukascopy Bank SA, an online Swiss FOREX banking service provider which created the cryptocurrency Dukascoin (DUK+), a first of its kind to be offered by a strictly regulated Swiss Bank under the supervision of the Swiss financial markets regulator FINMA. Dukascopy announced the launch of its reward program, which aims to provide its mobile current account (MCA) users around the globe with an opportunity to earn rewards through referral activities and deposits in its native cryptocurrency.

Reward Program Details

New mobile current account users receive 5 Dukacoins when they sign up on the mobile app, and the signup process is free of charge. Other reward opportunities currently offered by the bank to its MCA clients include:

• Referral program for existing clients: Apart from the 5 Dukacoins being offered upon MCA account creation, both new and existing users can get more DUK+ coins by referring others to the platform. For each new user signing up under an existing user, the former receives 5 extra DUK+ coins. Moreover, if an existing user holds the airdropped 5 DUK+ coins from the referral activity over a 30-day period, they are rewarded with extra DUK+ coins. (T&C applies)
• EUR Reward Paid for Deposits in Dukascoins: The Bank pays 50 euro cents for each Dukascoin deposited for a 1 year term.The EUR Reward will be paid at the beginning of the deposit’s term and will be blocked until the term’s expiration.  (T&C applies)
  •  For example, If a user buys 5000 DUK at the rate of 1.07EUR, and at the end of the deposit term the price rises to 1.50EUR, they receive both the benefit from the risen price (2150EUR) AND 2500EUR on top from Dukascopy (0.50EUR for every coin deposited)  If the price stays the same, users will still receive 2500EUR from Dukascopy on top of their deposit. Even if the price falls to 0.60EUR, users are still in profit by 150EUR.
• Coin Reward Paid on Deposits in Dukascoins: The Bank offers a 5% annual coin reward rate for fixed-term deposits paid out in DUK+ coin. The reward is paid at the beginning of the contract and locked for the duration of the contract. During the first year of the Dukascoin’s lifespan the reward rate will depend on the size of the deposit and can reach up to 100% (T&C applies). More so, the deposits can as well be used as margin for clients with trading accounts.
• Dukascoin Fat Catz Reward Program: The Bank collects commission from all sellers of Dukascoins at the internal marketplace. The collected amount of commission is then distributed among the Fat Catz – clients who’s monthly average balance is equal to or larger than 10 000 Dukascoins. In June, for instance, 1365 EUR was distributed between 4 Fat Catz accounts (T&C applies)

About Dukascoin

Dukascoin is the first cryptocurrency issued by a strictly regulated Swiss bank and developed on the Ethereum blockchain. The platform ensures compliance to the highest regulatory standards of the Swiss banking industry for operations on the cryptocurrency market. 

Following the launch of the cryptocurrency in February, Dukascoin, which is designed as both a payment and speculative utility, opened up a new financial avenue for cryptocurrency enthusiasts to access the bank’s trading services as well as to seize the opportunity to gain extra income just by holding the DUK+ coin under a regulated system impervious to the limitations of legacy cryptocurrency markets.

The current reward program is exclusive to its MCA account holders across the globe. The MCA account is a new service offered by the bank to provide its global retail clientele with fast, cheap, secure, mobile and extremely user-friendly Swiss banking services embedded into its Dukascopy Connect 911 messenger app. The bank has opened well over 109,153 MCA accounts since its launch in 2018. 

About Dukascopy Bank

Dukascopy Bank is a Swiss innovative online bank based in Geneva, Switzerland, providing Internet-based and mobile trading services (with focus on foreign exchange, bullion, CFD and binaries), banking and other financial services through proprietary technological solutions. Dukascopy Bank is regulated by the Swiss Financial Market Supervisory Authority FINMA both as a bank and a securities dealer. Dukascopy Bank has offices in Dubai, Riga, Kiev, Moscow, Kuala Lumpur, and Hong Kong. Currently, Dukascopy Group employs over 300 staff.

Article Produced By
Bitcoin Press Release

https://bitcoinprbuzz.com/swiss-bank-dukascopy-unveils-reward-programs/

David https://markethive.com/david-ogden

EU and US Crypto Regulations Show a Stark Contrast

Facebook's decision to enter into the realm of financial services spurred lawmakers around the world into action, necessitating a discussion of EU and US crypto regulations, which are very different from each other.

Following the announcement by social media giant Facebook

that it plans to launch its own cryptocurrency by 2020, U.S. President Donald Trump felt compelled to voice his feelings regarding Bitcoin and cryptocurrencies.

In a recent tweet, the president said he is "not a fan of Bitcoin" and that its value is "based on thin air". Continuing, he stated that if big tech companies like Facebook wish to launch cryptocurrencies they must first follow proper regulations to "become a bank." Initially, the cryptocurrency market was not negatively affected by the news but further comments from U.S. Federal Reserve Chairman Jerome Powell resulted in a 10 percent loss on the markets. The comments and ensuing furor within the cryptocurrency community highlight the stark differences between cryptocurrency regulations in the European Union and the United States.

Different methods of interpreting the law

The main difference stems from the legislation that is already in place in the two markets. The EU's relatively new and far more complex system requires a decision process that encompasses several sovereign nation-states, whereas the U.S. benefits from pre-ordained legislation going back centuries that clearly defines the process between state and federal decision making.

Due to the U.S. operating on a 'common law' system, cases are dealt with independently and often rely heavily on a final ruling from a single judge. For this reason, many small crypto-related projects have received penalties from the U.S. Securities and Exchange Commission (SEC) over the years for not properly following regulatory measures. In the EU, no such fines have been imposed as the process of developing a regulatory framework must be established first – and that could take years. In the meantime, rather than simply issue fines, the EU is providing constructive advice to banks and financial institutions on how best to

deal with cryptocurrencies.

“The European Commission and European parliament have set up the EU blockchain observatory and Forum to map the blockchain initiatives going on in Europe and to gather inputs for the European Commission on regulatory issues like smart contracts, ICOs, and secondary markets", said Peteris Zilgalvis, head of startups and innovation at the European Commission, in an interview with Forbes magazine last year.

EU Regulations Viewed More Favorably

Alex Alexandrov is the CEO of Coinpayments, one of the largest and most diverse crypto payment platforms available today, and founder of the Velas AI-enhanced blockchain network. He believes the EU provides a better regulatory environment

for cryptocurrencies.

“EU, in my opinion, is farther ahead in crypto laws and has created a much better environment for banking and regulations. USA tends to focus more on punishment vs guidelines, while the EU is working toward allowing businesses to feel they are wanted and working with new industries in a much clearer way," he says.

Most recently, the EU nation of France has begun to improve its regulatory environment with the approval of several crypto-related projects by its financial watchdog the Financial Markets Authority. “We are in talks with three or four candidates for initial coin offerings”, said FMA executive director of legal affairs Anne Marechal, speaking to Reuters. “We will have a legal, tax and regulatory framework.” The move aligns it more closely with other crypto-positive European nations like Switzerland and Malta, both of which have been key in helping to promoting blockchain technology in the EU. These benefits prompted Alexandrov to base his new blockchain venture, Velas, in the Swiss canton of Zug –

often referred to as 'Crypto Valley'.

"This is one of the reasons why my newest venture Velas or Virtual Expanding Learning Autonomous System, is based in Zug, Switzerland," he said, although he admits that the U.S. does lead the sector in technological development. “USA still harbors tremendous talent and is generally on the cutting edge when it comes to innovation in the tech space.”

Conclusion

While a positive attitude towards growing and developing the industry is necessary, proper regulations are also required in order to ensure the safety of customers. Currently, blockchain companies can operate largely without restriction in the EU and elsewhere, often putting consumers at significant financial risk. Facebook's decision to launch a cryptocurrency attracted understandable concern due to the company’s prior bad record in securing customer data. With a user base of its size, systemic failures could result in drastic knock-on effects for the global economy. As the crypto space grows and develops, government agencies need to work alongside blockchain firms in order to establish a safe working environment for all.

Article Produced By
Aubrey Hansen

Aubrey is a Freelance cryptocurrency & blockchain Journalist as she says:

I'm a freelance journalist from Denmark, spending my time traveling between Denmark and the UK. For years writing has been my passion, and since 2015 I've been interested in the crypto and blockchain space. Over the past few years I've contributed opinions on the markets, the future of the industry and analysis to publications such as:

The Australian National Review, Irish Tech News, Crowdfund Insider, Banking Technology, Blockchain News, Cryptocurrency News, CryptoDaily

I'm always open to hearing from the innovators who are behind the next up & coming company looking to disrupt their respective industry, so feel free to drop me a line and let me know what you're up to!

https://cryptovest.com/features/eu-and-us-crypto-regulations-show-a-stark-contrast/

David https://markethive.com/david-ogden

Forex and Crypto

The most obvious difference between the two is that foreign currencies have been exchanged since as long ago as the 19^th century, when the broad adoption of the gold standard set a yardstick against which the strength and weakness of a currency could be measured.  In the early days of forex trades of this kind involved physical currency, but since the late 20^th and early 21^st century the forex market place has been fully digital in nature, something which played a huge part in opening it up to a global army of retail investors. 

The biggest leap forward in the exchange of currencies following the creation of the digital market place came in 2009, with the launch of bitcoin, the first of the cryptocurrencies. A cryptocurrency is a form of digital money. It facilitates extremely fast, seamless transactions between parties, with no third party being involved. Because of this, the control stays completely in the hands of the person using the cryptocurrency, and they maintain complete privacy. It also means that there is no central bank, provider or government able to assert (or try to assert) control over the value of the cryptocurrency, something which makes them prone to more volatility than traditional currencies.  

This volatility is one of the clearest differences between trading forex and crypto, since it makes trading crypto more appealing in some ways but riskier in others. A huge single day shift in the value of bitcoin, for example, could earn a trader a massive amount of profit, or it could wipe out everything they have invested. The shifts in traditional currencies, on the other hand, tend to be smaller, which is why higher leverage plays such an important part in forex trading. Many of the differences between the two can be traced back to the huge disparity in the size of the respective market places. Put simply, the forex market is the biggest in the world, handling an average of more than $5 trillion in trades every single day.   The cryptocurrency market, on the other hand, is predicted to reach an overall full market value of $1.40 billion by 2024. What the size of the forex market means is that it offers a degree of liquidity, depth and security which is pretty much unmatched anywhere else.

Accessibility

Both markets can be accessed via a wide range of platforms, and any trader is strongly advised to carry out in-depth research into the platform they wish to use before actually investing any of their money. Once the right platform has been chosen, however, access is extremely quick and simple and cryptocurrency is actually slightly more accessible than forex. Forex can be accessed 24 hours a day, 5 days a week, with access limited or non-existent on the weekends. Crypto exchanges, on the other hand, can be accessed on a round the clock basis.  

Leverage

Leverage is a means via which the trader can multiply the amount they invest in a currency by, in effect, borrowing capital from the broker. A leverage of 50:1, for example, means that a trader can invest £50 and, on the strength of that investment, take up positions worth £2,500. This greatly increases the size of the profit that can be made, although it has a similar effect on the risk of any losses. Leverage as high as 500:1 can be available for forex trades, whereas the same is not true of the vast majority of cryptocurrency trades. Following the introduction of new rules by ESMA (the European Securities Markets Authority), the maximum leverage which can be offered on cryptocurrency CFDs, for example, is now 2:1 throughout Europe, with national regulators taking it in turns to follow suit.  

Risk

The risk factor inherent in both forms of trading is linked directly to the volatility of the respective markets. The fact that cryptocurrencies aren’t linked to a central provider makes them more volatile than traditional currencies. On one day in 2019, for example, the value of bitcoin slumped by 13.25%, and this was only the second biggest drop of the year. You simply don’t see this kind of dramatic movement in the forex markets. Having said that, the liquidity of the forex markets makes it easier to quickly get your hands on any profit you may have made, without the issue of having to decide whether to turn a crypto currency into a standard currency, and waiting for that to be facilitated.

Complexity

New digital currencies are constantly being launched to compete with the existing big names like bitcoin and Ethereum. Predicting which will be successful, and therefore worth trading in, is incredibly difficult, and makes any investment a long term and potentially stressful process. Forex markets, on the other hand, are based around stable and established currencies, and the art of predicting how these currencies will shift can be based on a combination of historical precedent and an analysis of the current economic and geo-political situation. Choosing whether to trade in cryptocurrencies or forex will depend upon the amount of capital you wish to invest, your appetite for risk and the type of strategy you wish to pursue. For many investors, the answer is to split their activity between the two, spreading the risk and doubling the opportunities for success.   

Article Produced By
Torsten Hartmann

Torsten has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.

https://captainaltcoin.com/the-differences-between-trading-forex-and-trading-cryptocurrency/

David https://markethive.com/david-ogden

Tips to Maximize Returns from Cryptocurrency Investments

Check out a number of things you can do to mitigate the risks and increase your profits from cryptocurrency investments     

  Are you looking to get started in the crypto investment space?

Then, you’re at the right place. Investment in cryptocurrencies is generally not recommended for conservative investors because the market is too volatile and risk involved is relatively higher than other markets.

Investment Strategy

Almost every investment professional or trader you would ask will advise you to build an investment strategy with a diversified portfolio. While portfolio diversification works in almost all types of investments, it is particularly profiting in the crypto market because of the high risk involved. This is the secret we are going to talk about today.

How to Diversify Your Crypto Investment Portfolio?

10% to 30% – Top (trending) Coins

Invest a quarter of your funds in the top coins such as Bitcoin, Ethereum, XRP, Litecoin, etc. You can find the complete list here. These are market shifter currencies whose price change very frequently. So, limit your investment in these coins to not more than 30%.

40-50% – Popular Altcoins

Altcoins are the currencies that are created as an alternative to bitcoin. Some of the popular ones include NEO, Titan coin (TTN), etc. Experts strongly believe that altcoins are most likely to outperform bitcoin and other established coins. This is because they have a strong foundation along with great growth potential, profit structure, utility mechanism, etc. There are many other similar altcoins with great potential. The risk with these coins is minimal while the return potential is high in the long term. So, most of your investment should go here.

ICOs and New Coins

There are roughly 50+ new cryptocurrencies launched every month. You can invest a part of your funds in these new currencies or ICOs. Again, rather than investing all the amount in a single coin or ICO, you should spread it across multiple projects to substantially increase the possibility of high returns.

Day Trading

Day trading is usually recommended for those who are looking for high returns in the short term. The catch is that you invest in a cryptocurrency and then sell it as soon as the price goes high. Cryptocurrencies that are highly volatile are perfect for this kind of trading. If you are going to day trade, make sure not to invest more than 10-15% of your entire portfolio, because the risk is very high in this market.

Other Tips to Maximize Your Crypto Investment Returns

• Keep updating your portfolio on a frequent basis, usually in a month or so.
• Invest in projects that can produce returns in the short to medium term.
• If you trust an altcoin, don’t hesitate to hold your funds for a longer period.
• Focus on big winnings.
• Take profits wherever you can.

The ultimate strategy for crypto investments is to be wise in the project selection. The crypto market is still very uncertain, and there are far more bad projects than the good ones. Analyze a coin (project) thoroughly before you invest in it.

Article Produced By
Amit Gupta

David https://markethive.com/david-ogden

David https://markethive.com/david-ogden

The award-winning global mobile-friendly trading platform

now offers accounts in 22 different currencies (including seven cryptocurrencies). SimpleFX has just released Monero and Ethereum Classic transfers. Just like other crypto accounts, they are available free of charge. Now SimpleFX traders can deposit and withdraw money using seven different cryptocurrencies: Bitcoin, Bitcoin Cash, Dash, Ethereum, Ethereum Classic, Litecoin, and Monero.

Broker for the new generation of traders

SimpleFX was one of the first CFD brokers that offered cryptocurrency accounts and has been supporting cryptocurrency projects for years. SimpleFX

wrote in a statement,

“Our mission is to make the most of the cryptocurrency and blockchain opportunities. We believe in the community and want to give the users a broad choice of transfer services. This is the cryptocurrency spirit we have always believed in.”

The fast-growing broker with over 200,000 active traders worldwide aims at being the go-to app for the new generation of mobile-first traders. SimpleFX launched a completely new version of the WebTrader application and since then has introduced several groundbreaking features focusing on social trading, financial education and services for their affiliate marketing partners.

Profitable trades for everyone

SimpleFX demo accounts are fully functional and the live accounts can be funded with any amount as there are no minimum deposits. Thanks to easy and secure payments that can be performed in both fiat money and cryptocurrencies, everyone can access and benefit from trading with low spreads. SimpleFX offers an attractive 1:500 leverage, which opens profit opportunities to the less affluent traders. At the same time, easy stop-loss feature and negative balance protection make SimpleFX a secure tool for both experienced and novice traders.

The Best Trading App 2019

SimpleFX WebTrader won the competition for the best trading app during the Finance World Expo Summit 2019 that took place in Switzerland. The experts appreciated SimpleFX WebTrader for:

• Great usability on mobile devices
• Remarkable speed and reliability
• Responding to the user needs with new features
• The strong and growing community of users.

SimpleFX growth accelerated at the end of 2018 despite the downtrend in cryptocurrency markets thanks to the enthusiastic reception of the SimpleFX WebTrader 2.0 and the partnership with Unilink.io affiliate marketing software.

Article Produced By
Investinblockchain
Editorial Staff

https://www.investinblockchain.com/simplefx-adds-monero-and-ethereum-classic-accounts/

David https://markethive.com/david-ogden