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On Monday, new fees were put into action for cryptocurrency transactions on two major apps, PayPal and Venmo. PayPal and Venmo, before this update, had a flat rate of $0.50 for crypto transactions. The fee for transactions up to $25 is 2.3 percent, and for transactions up to $200, the fee is 2 percent. Regarding the new fees on PayPal and Venmo, some changes were made. From Monday, transactions up to $200 will be[…]
Ethereum’s burn mechanism is stronger than ever, with the crypto’s second-largest network officially destroying almost 2 million ETH since its implementation last August. Since its creation, the network has burned a total of 2,000,996 Ethereum, according to Watch the Burn, a dashboard that monitors the burn process. That equals more than $5.82 billion removed from circulation for good in monetary terms. The London hard fork, EIP – 1559. This is its technical name and[…]
Before starting to sell foreign currency online, there are a few things to keep in mind. The goal behind the notion of trading is to facilitate the exchange of one currency to another. The only thing that fluctuates and is due to change is the asset’s price. Let’s look at how you can be fully prepared for all the obstacles that may come your way when selling foreign currency online. What is an exchange[…]
Technical Analysis, also known as charting, is a form of Analysis of the market’s behaviour. The term “charting” comes from creating charts or graphical representations of price data. It is called charting because analysts use charts as a primary tool to study and analyze price patterns and trends. By observing these charts, analysts can identify critical levels of support and resistance, detect patterns like head and shoulders or triangles, and predict potential future price[…]
In today’s article, we’ll discuss the different order types pertaining to the trading world. Market Order A market order is when you sell or trade a stock at the market’s price. The idea behind a market order is that the investor has no control over the amount paid for the purchase or sale that he will be making. Instead, the price is decided and set by the market. A market order can often be[…]
In today’s article, we will be learning what swing trading is. Swing trading is a form of trading whose main focus is to capture the market’s swings. The swings refer to the price moves that happen quickly and for short to medium time frames. “Swings” usually last from a few days to several weeks. What is Swing Trading? Swing trading is a tactic that focuses on catching brief-to-intermediate price shifts, commonly referred to as[…]
What is Spoofing? Let’s talk about what spoofing is in the financial market. Spoofing is a way of manipulating the market by placing fake orders. The order placed will buy or sell assets such as stocks, commodities, and cryptocurrencies. Usually, traders who spoof the market do so using bots or algorithms. In this way, the order is done automatically. Once the order is close to being filled, it gets cancelled. The fundamental goal of[…]
Litecoin versus Bitcoin Cash, let’s learn the difference between them and which is best to invest in. Litecoin is a secure and reliable cryptocurrency that makes payments efficiently and instantly worldwide. It’s an open-source network, meaning users can access its code alone. Litecoin is known to be fast at completing transactions and efficiently storing information and transaction details. Bitcoin Cash, however, was created to bring to the crypto world blocks of higher capacity than[…]
Over the weekend cryptocurrencies were in the red. Monday morning bitcoin was trading at $37,800, it had gone down 3% from where it stood over the weekend. Ether which was trading at $2,500 also was down by roughly 3%. Similarly, many altcoins happened to also be in the red. Since Russia has been in attack mode Bitcoin and Ethereum have been fluctuating. Bitcoin has gone from the $37,000 to $45,000 price range that it[…]
President Joe Biden’s executive order has been released. The executive order went through delays because Biden tried to resolve the ongoing conflict in Ukraine. Now you may be wondering what’s in the executive order? Firstly, it includes a six-point strategy for the U.S. government regulating cryptocurrencies. 1. Investor protection Investor protection has been of top importance. The Treasury was put in charge of assessing policy recommendations on crypto. In addition, regulators will need to[…]