The FTX collapse continues to unfold, BlockFi announces bankruptcy filing and Kraken settles a sanctions breach: Hodler’s Digest, Nov. 27 – Dec. 3
Hodler's Digest The FTX collapse continues to unfold, BlockFi announces bankruptcy filing and Kraken settles a sanctions breach: Hodler’s Digest, Nov. 27 – Dec. 3 by Editorial Staff 6 min December 3, 2022 Coming every Saturday,Hodler’s Digestwill help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
Digital asset lending company BlockFi announced on Nov. 28 that it has filed for Chapter 11 bankruptcy in New Jersey. The bankruptcy filing revealed, among other details, that BlockFi aims to restructure and keep specific employees on board. BlockFi has eight daughter companies that are also included in the bankruptcy motion. Later news revealed bankruptcy proceeding details, including BlockFi’s attorney reporting that $355 million of the organization’s capital is sitting frozen on FTX.
In a settlement with the United States Office of Foreign Assets Control (OFAC), U.S. crypto exchange Kraken will pay a fine of approximately $362,000 for breaking sanctions against Iran. The firm self-reported the violation to the OFAC, according to comments from Marco Santori, Kraken’s chief legal officer. Kraken allegedly allowed usage of its exchange by Iran-based participants and did not have a proper system in place for banning certain IP addresses. The firm has agreed to put $100,000 toward sanctions compliance measures as part of the settlement, in addition to the $362,000 fine. Read also [Features Are You Independent Yet? Financial Self-Sovereignty and the Decentralized Exchange ](https://cointelegraph.com/magazine/financial-decentralized-exchange-dex/)[Features Despite the bad rap, NFTs can be a force for good ](https://cointelegraph.com/magazine/despite-a-bad-rap-nfts-can-be-a-force-for-good/)
FTX headlines keep rolling in as events unfold. FTX’s bankruptcy case has prompted the U.S. trustee working the case to request an independent examiner to come look into the details surrounding FTX’s downfall. Another headline revealed that bank accounts of sister entity Alameda Research were reportedly used for FTX customer fund activities without the exchange working with a bank directly. FTX was also the subject of a Dec. 1 meeting of the U.S. Senate Committee on Agriculture, Nutrition and Forestry. Additionally, Bahamian authorities are investigating FTX.
Binance continued to work on increasing its transparency regarding its reserves. The crypto exchange hired Mazars, an accounting firm known for retaining former U.S. President Donald Trump as a long-time client, to perform its proof-of-reserves (PoR) audit. Mazars and the Trump family cut ties in 2022. In another development related to the PoR audit, Binance has recently moved large amounts of cryptocurrencies, raising concerns in the crypto community.
Three Arrows Capital liquidators are having difficulties engaging with Su Zhu and Kyle Davies, the hedge fund’s founders. During a virtual hearing in the Southern District of New York Bankruptcy Court, lawyers representing the liquidators said the founders did not engage with them in recent months, despite being active on social media. Zhu and Davies are believed to be currently based in Indonesia and the United Arab Emirates, where it is difficult to enforce foreign court orders.
“I think that the crypto industry will have to take a more focused approach, shifting from hype cycles toward building real utility.” ***Rahul Advani, APAC policy director at Ripple* “If you’re a Brazilian or you’re from Venezuela or Argentina, it becomes much easier to understand the power of a decentralized currency.” Marcel Pechman, **markets analyst and Cointelegraph contributor** “DeFi-centric platforms simply cannot fall victim to shady business practices because ‘code is law’ for them.” *******Aishwary Gupta, DeFi chief of staff at Polygon* “We have definitely noticed more people buying Bitcoin due to the FTX crash.” *******Imo Bábics, *chief marketing officer at Relai**** “I do think Apple has sort of singled themselves out as the only company that is trying to control unilaterally what apps get on a device and I don’t think that’s a sustainable or good place to be.” *Mark Zuckerberg, CEO of Meta* “Clearly, I made a lot of mistakes or things I would give anything to be able to do over again.” [Sam “SBF” Bankman-Fried](https://cointelegraph.com/news/legal-professionals-astonished-as-sbf-admits-failures-apologizes-12-times-in-interview), former CEO of FTX
Bitcoin spent some time at over $17,000, although the asset has played above and below the level multiple times in the past days, according to Cointelegraph’s BTC price index. Early in the week, pseudonymous digital asset analyst il Capo Of Crypto tweeted that danger possibly lies ahead for BTC if the asset falls under the $16,000 mark. “When it breaks below 16k, it teleports to 12k-14k,” the analyst said on Nov. 28. Other notable factors and analysis were also mentioned in the article, including the potential importance of November’s monthly candle close.
A third unexpected death recently shook the crypto space. Vyacheslav Taran, the 53-year-old billionaire Russian president of Libertex Group, died in a helicopter accident on Nov. 25, confirmed in an official statement from Libertex. Taran also founded Forex Club and had a hand in multiple crypto endeavors. The helicopter trip to Monaco from Switzerland only had Taran and the pilot on board, both killed in the crash. Amber Group’s 30-year-old co-founder, Tiantian Kullander, and MakerDAO’s 29-year-old co-founder, Nikolai Mushegian, also both unexpectedly died in November and October, respectively.
Joshua David Nicholas received a prison sentence of approximately four years for his involvement in EmpiresX, a $100 million crypto Ponzi operation. Nicholas served as head trader for the scheme, claiming the promise of profits based on bot trading, although the operation was actually a Ponzi scheme that misused customer funds. Still at large, Emerson Pires and Flavio Goncalves also played roles in the scam, which ran from 2020 to 2022.
An investigation by the Texan securities regulator is looking into whether Sam Bankman-Fried and FTX US violated Texas securities laws. Bankman-Fried must appear in court on Feb. 2 as part of the investigation. According to a notice of hearing filed by Texas State Securities Board Director Joseph Rotunda and served to Bankman-Fried on Nov. 29, FTX US offered unregistered securities to Texans through its “EARN” accounts.
The collapse of crypto-exchange FTX hit the crypto world like a tropical storm. It bears asking once again: How stable are stablecoins? Subscribe The most engaging reads in blockchain. Delivered once a week.
Message me via reddit or follow the link https://namae.me/20dollarcourse 1 2018 Client Getting Bot Blueprint 2 Adam Ackerman, John Galley - Crowdfunding Cash System 3 Adam Thomas - Dropshipping Accelerator 2018 4 Adrian Morrison – eCom Success Academy 2017 5 Adrian Morrison eCom Success Academy 2018 6 Alex Becker - H-Com 2020 (Updated) 7 Alex Fedotoff - 7 Figure Ecommerce Blueprint 8 Alex Schlinsky - Prospecting On Demand 9 Amiee Ball - Pay To Play 10 Andre Chaperon - Auto Responder 3.0 11 Anik Signal Facebook Ads Mastery 12 Anik Singal - Copywriting Academy 13 Anik Singal - FB Ad Academy 14 Anik Singal – Copywriting Academy 15 Anthony Groeper - The 100k Blueprint 16 Anthony Groeper – Viral Venum IG Mastery 17 Anton Kraly - Dropship Lifestyle 6.0 18 Arie Scherson - E-Commerce Inner Circle Program 19 Beau Crabill - Online Retail Mastery (Amazon FBA University) 20 Billy Gene - Clicks Into Customers 2.0 21 Billy Willson - 6 Figure Facebook Ads Agency 22 Bradley Riley - Social Media Marketing Academy 23 Chalene Johnson - Marketing Impact Academy 24 Chris Record - Dark Post 25 Dan Dasilva - 7 Figure Academy 26 Dan Dasilva - Dropship Academy (Updated) 27 Dan Henry - 30 Day Agency 28 Dan Henry - Facebook Ads for Entrepreneurs 29 Dan Lok - 6 Steps To 6 Figures Formula 30 Dan Lok - High Ticket Closer Certification 2018 31 Depesh Mandalia – 7-Figure Facebook Ads Playbook 32 Donald Miller - The StoryBrand Marketing RoadMap 33 Donald Miller - The StoryBrand Online Marketing Workshop 34 Effortless GDPR Consulting Profits 35 Eric Luevano - ATM Academy 36 Eric Luevano - ATM Academy - COPY 37 Ezra Firestone - Smart Google Traffic 38 Fibs Don't Lie - Day Trading Course 2018 39 complete forex day trader course 40 Frank Kern - Client Acquisition System 41 Frank Kern - Legacy Collection 42 Franklin Hatchett - eCom Elites 43 Fred Lam - FB Leads Academy 44 Fred Lam - Zero Up1 45 Gerry Cramer, Rob Jones – Profit Engine (updated) 46 Grant Cardone - Cardone University 47 Gretta Van Riel - Start And Scale 48 Haim Sabbah - Ecom Dropouts 49 Harry Coleman - 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Social Media Marketing Mastery 97 Sam Ovens - Consulting Accelerator 98 Scott Hilse - Simplified Shopify Dropshipping 99 Sebastian Ghiorghiu - EcomAlphas 100 Sebastian Ghiorghiu - Shopify Drop Shipping 101 Sebastian Gomez - Ecom Profits Lab 102 Shopify Themes 103 Steve Dux - Trading Techniques 104 Steve Tan - Ultimate Ecom System 105 Tai Lopez - Bitcoin Crypto Academy (Updated) 106 Tai Lopez - Credit Mentor 107 Tai Lopez - How to Invest Your Money 108 Tai Lopez - Real Estate Program 109 Tai Lopez - Social Media Marketing Agency 110 Tanner Fox - Affiliate Marketing Masters 111 Tanner Fox - Amazon Seller Mastery 112 Tanner Planes Zero to One Thousand 113 The Forex Scalper Mentorship Package 114 Tim Grittani - Ticket Trading 115 Tim Sanders - Private Label Masters 116 Tom Glover - The Facebook ROI Master-Class 117 Tomas Libas - Speed Reading Secrets Revealed 118 Tristan Broughton - Product Winning Blueprint 119 Tristan Broughton - Product Winning Blueprint 120 Tristan Broughton – Google Ads eCom Academy 121 Udemy ~ Become the Excel Hero with Advanced Excel Tricks for Job by Sebastian Glöckner SEX Related 125 2 Girls Teach Sex 126 2 Girls Teach Sex - 2.0 127 60 Minute Stamina 128 Advanced Sex Techniques For Guaranteed Orgasms 129 Blow Her Mind The First Time 130 Extreme Female Orgasms 131 Forbidden Sex Secrets 132 Multiple Orgasm Methods 133 Oral Sex Magic 134 Orgasm Of The Month 135 Rear Entry Made Easy 136 Secrets of Squirting Orgasms 137 Sex Positions for Orgasm and Excitement 138 Shawna's Porn Star Sex Secrets 139 Squirting Orgasm Mastery 140 Superman Stamina 141 Threesome Code 142 Jason Julius 143 Extreme Stamina 144 Female Orgasm Blueprint (2009) 145 #Social Skills 146 Alpha Man Conversation Persuasion 147 basic social Skills, body language and self help stuff 148 Humor 149 Power Social Skills 150 Pure Personality [Vice] 151 Ultimate Inner Game Modules 152 Texting 153 Micheal fiore texting 154 Online Dating And Texting 155 swipe text date pdf 156 Text Game Greg C 157 Text that girl...Race depriest 158 Texting on steriods 159 Texting related products 160 Adam Gilad - Relationship God 161 Alex - NRYNE 162 Alex - Social Encrypted 163 Books 164 RSD Library 165 Brad - Evolution 166 Brad - Lifestyle Academy 167 Charlie Houpert - Charisma University 168 David Tian 169 Deepak Wayne 170 Derek Rake 171 Engage by Evolutiondaily 172 Engage-EvolutionDaily 173 Glenn - Energy Awareness Training 174 Gordon Ramsay - Cooking 175 Hypnotica - Collection Of Confidence 176 Jason Capital 177 Jeffy - Execute The Program 2.0 (SD) 178 Julien - PIMP (SD) 179 Julien - Shift 180 Julien - TenGame 181 Julien - Transformation Mastery 182 Julien - Transformation Mastery (Full HD) 183 Leo Gura - Ultimate Life Purpose Course 184 LifePurpose 185 Luke - Social Circle Blueprint 186 Luke - Social Circle Blueprint (Full HD) 187 Madison - BOSS 188 Mark Manson 189 Marshall Meditation Method 190 Max - The Natural 191 Max - The Natural (SD) 192 Mystery 193 The Mystery Method - Revelation 8 DVD & 13 Audio CD 194 other game 195 Papa - RSD Founder's Club 196 PickupDance 197 Resonator 198 RSDMax - Girlfriend Game 199 1. 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Gak bisa dipungkiri sepanjang tahun 2020-2021 banyak orang memulai investasinya karena influence sosial media. Beruntung bagi yang memulai investasinya lebih awal dan agak celaka bagi yang mulai investasinya di akhir-akhir tanpa tau konsekuensinya. Banyak kasus orang beli saham pake pinjol. Beli BTC, Altcoin pake utangan, uang arisan, bahkan sumbangan gereja. my advice for you yang kena FOMO: Miner musiman: Ketika crypto turun drastis di Januari-Februari 2022. Segera jual alat miningmu karena kamu harus menunggu 2024 untuk bisa panen. Karena ketika kamu beli mining rig sekarang harganya sudah naik berkali-kali lipat dari harga wajarnya. Perhitungkan kembali listrik yang harus kamu keluarkan, Gak BEP istilahnya. Contoh nyata Founder Rekeningku yang boncos bertahun-tahun karena nutupin biaya listrik dan beli mining rig kemahalan, baru panen akhir2 ini. Robot trading: Royal Q , Forex dll. Robot trading is scam, jauhi sekarang sebelum terlambat. Janji manis seller Royal Q dan robot forex profit konisten itu gak ada buktinya 100% scam. Kisah nyata banyak yg bunuh diri karena tiba-tiba assetnya hilang diaveraging oleh robot. Jangan sampai kamu jadi korbannya Trader Binomo, Binary option: Kamu yang baru memulai binary option, inilah saatnya dirimu keluar dari sistem jahat Judi 2.0 mungkin diawal kamu akan merasakan profit namun lama kelamaan akan susah dan tiba-tiba akun tersuspen tanpa sebab. Jelakanya gak ada yg bisa jamin akunmu balik karena Binomo dan lainnya jelas ilegal di Indonesia sehingga penyedia layanan tidak diketahui siapa. Trader Saham musiman via signal telegram : Saham ada bull market dan bearish market, lengkapi dirimu dengan FA dan TA tambah bandarmology juga. Investing stock is about your move, bukan orang lain. Jadi pastikan semua keputusan investasi kamu yang buat bukan orang lain. Trader Crypto: Bear market is coming, we need to understand what crypto still alive for next 4 Years(next halving) DCA still the best strategy for you. We will face the second Bull Run but dont fall for it to much, cause second bull run means next winter season. note: I hope yall getting more profit and healthy. May the Force be with you
Los robots en el trading, comúnmente son utilizados por los traders para obtener ganancias de la bolsa de valores de manera fácil, automática y sin dedicar mucho tiempo. Solo necesitáis encontrar un buen par de divisas y el marco temporal perfecto, para que el robot haga todo el trabajo por ti. https://preview.redd.it/bj828pfqe8w91.png?width=468&format=png&auto=webp&s=57aba0a9e5997674d7bc356599808dc630f8bb11 Ventajas de los robots de trading Utilizar los robots para el trading ofrece ciertas ventajas, que pueden ser una excelente opción para el usuario. Estas son: · Puedes automatizar todos los procesos para realizar trading. · Al ser un software, tiene la capacidad de procesar grandes cantidades de datos sin problemas. · Analiza grandes cantidades de información en muy poco tiempo. · Rapidez de ejecución · El robot puede operar sin límites durante las 24 horas del día. · Horarios de trading flexibles, el robot Forex no se cansará después de muchas horas de actividad en el mercado, a diferencia del trader · Reduce el nivel de riesgo en la operación · A diferencia de las personas, el robot no cuenta con emociones, por lo que su estado de ánimo nunca afectará las decisiones a la hora de hacer trading. · Imparcialidad, sin vacilar en la toma de decisiones · Lo puedes programar y personalizar de acuerdo a tu operación y estrategia o utilizar Copy Trader para utilizar estrategias probadas. · No es necesario que estés pegado al ordenador durante la operación · Los robots de alto nivel reciben actualizaciones constantes, para que así puedan utilizarlo de manera eficaz. · Algunos robots actúan en diferentes mercados de forma simultánea, de esta forma pueden localizar la mejor oportunidad de cada entorno y proporcionar una ganancia al operador. · Puedes crear tu propio robot de trading y venderlo a otros inversores con una estrategia probada, esto generaría una ganancia extra para ti. https://preview.redd.it/zbenf7gse8w91.png?width=464&format=png&auto=webp&s=5828da3e1f984ebf69e6ab1e7a050f4994c5556c ¿Puedo obtener un robot de trading gratis？ Los robots de trading generalmente son muy costosos y algunos brókers se los ofrecen a sus clientes de manera gratuita, siempre y cuando operes a través de ellos, pero si tradeas de forma individual deberás adquirirlo. En la página de WikiFX puedes obtenerlo, simplemente debes contactarnos a través de nuestras redes sociales. Leer más...
Ubicado en Islas Marshall, XpresTrade es una moderna plataforma de comercio en línea de Forex y CFD que declara ofrecer más de 1,000 activos financieros. Es propiedad de Signix LTD también ubicada en Islas Marshall con numero de registro 113788 y operada por Tera Solutions Registro No. 206742149 con domicilio registrado en BULGARIA. Mercado. ExpresTrade opera con pares de divisas, índices, materias primas, criptomonedas y acciones a través de Forex y CFDs. Cuentas y operación. XpresTrade ofrece en total 5 tipos de cuenta: https://preview.redd.it/blr7mpq398w91.png?width=464&format=png&auto=webp&s=760b0b29ba3973ccd605e08ad9827ecb11fb1a22 https://preview.redd.it/s7pvq5w498w91.png?width=471&format=png&auto=webp&s=887f620cfc80ce332efd5856be7cd550c5e43a88 XpresTrade no detalla en su página web los costes adicionales de negociación de los spreads, comisiones, SWAPs, que son muy importantes a la hora de calcular los beneficios y las pérdidas. ExpresTrade no ofrece cuenta Demo. A la hora de abrir una cuenta registran tus datos y un asesor comercial se comunicará contigo para el proceso de apertura de la cuenta. El asesor te dará los pasos requisitos y documentación necesaria para abrir tu cuenta, también te indicará los métodos de depósito y retiro. Los métodos de deposito y retiro son Transferencia bancaria, transferencia como Wire Transfer y Neteller, tarjeta de crédito Visa y MasterClass, billeteras virtuales como Binance y otras. Plataforma de negociación. ExpresTrade ofrece a sus usuarios como plataforma de negociación MT4 pero mejorada. La nueva y mejorada plataforma viene repleta de herramientas, funciones y una ejecución súper rápida y, a diferencia de la mayoría de las plataformas MetaTrader 4, tendrá acceso a las noticias integradas de Reuters como estándar. Atención al cliente No se puede subestimar la capacidad de un broker para ofrecer un excelente servicio al cliente. Hay estos canales disponibles para ponerse en contacto con ellos: devolución de llamada, teléfono, correo electrónico. Su servicio es multilingüe, en inglés, español, chino, alemán, árabe, japonés y coreano, horario de 24/7. Análisis de ExpresTrade. Exprestrade es un bróker no regulado ni supervisado, ubicado en un paraíso fiscal y financiero. ¿Qué empresa es su dueño？ Es muy difícil contestar esa pregunta. En la pagina de internet y en su contrato de términos y condiciones dice estar operado y ser propiedad de Tera Solutions, ubicada y regulada en Bulgaria; pero al empezar a operar con el bróker, las autorizaciones de retiro dicen que ExpresTrade pertenece a Signix LTD, ubicada y regulada en las Islas Marshal, el mismo lugar de ubicación de ExpresTrade. De Tera Solutions encontramos una página web, que igual a la de ExpresTrade tiene links que no llevan a ninguna parte, De Signix LTD no encontramos nada en la red relacionado a trading. Además, ninguna de estas dos empresas tiene marco regulatorio para actividades bursátiles, de trading y de recepción de dineros. Su mercado es el básico, y además de saber que maneja Forex y CFDs no se tiene información de nada más. Leer más.
$USHAF Lithium Brine project drilling in the next couple weeks, $1000 DD competition, Gold Copper drill ready project for 2023, Nickel Property being spun-out as a dividend, cash in the bank OTC Comments || Link
OmniaVerse - Will emergence of this unique young Crypto star bring new hope for the Crypto world.
Even with the current state of the Crypto Market, a first of its kind utility token emerged looking to change the fortune of Crypto for good. OmniaVerse held their presale on SphynxLabs on 18 June 2022 and it sold out in just 18 hours with a hard cap of 500 BNB. A promising start for the new token in a bear market unlike anything anyone has seen in recent times. OmniaVerse Platform OmniaVerse has developed a platform where gamers and artists can monetize their work on popular gaming platforms such as Minecraft and Rust. Their DApp has many features like Twitch integration so gamers can live stream their builds as well as Oculus integration so people can experience the builds in VR for a true Metaverse experience. Their Minecraft server will host mini-games, plot claims, build contests as well as in-game pet NFTs, which is a first of its kind. The OmniaVerse platform also provides staking for their holders, P2P and integration with Opensea. It’s a one stop shop for gamers and artists who are looking for more than just bragging rights and Social Media likes for all their hard work. With the click of a button one can mint their subscription as an NFT and sell it on a marketplace such as Opensea or sell it P2P on the OmniaVerse DApp. With only 100k subscriptions available across all gaming platforms, the rise in popularity of this token is making them scarcer by the minute. Originality In a world of meme tokens and copycats, it’s rare that a project comes around that is set to truly disrupt the Crypto space. Full of utilities, use cases and endless products, OmniaVerse is looking to tap into the users of some of the biggest games in existence (e.g. 141m active Minecraft users a month) to provide them with an opportunity to monetize their creations via a subscription on the DApp. If you’re not a gamer, then you can still take advantage of all the other utilities their platform will offer, a few prominent ones being flash loans, staking and P2P betting. OmniaVerse also intends to go Multi-chain allowing it to reach a larger audience and take advantage of already established ecosystems. On top of all that they have recently announced they have plans to launch their own Blockchain. So, whether a gamer, artist, investor, or trader, OmniaVerse has everything one is looking for in a promising young project set to make waves in the Crypto space for years to come. Highlights
Fellow Traders, The World Cup Tournament is about to start and many football lovers are excited around the World. To connect the football excitement with Forex trading, Olymp Trade is also launching a FOOTBALL FOREX FESTIVAL on the trading platform. Between November 14th and December 12th, Olymp Trade will hold the Football Festival on both the trading platform and their official social networks. This grand event, built around trading and football, comes with many fun-thrilled activities and amazing gifts to be won during the contests. Stay tuned not to miss anything. Trade to Win with Olymp Trade!
Bybit Review The best way to learn more about Bybit is to review its tools, features, historical data, pros and cons, fees, etc. Cryptocurrency spot and derivatives markets are popular with traders. It offers unique options, attractive offers, and beneficial tools for investors. However, this isn't enough to determine if Bybit is worth trying. to consider. Trading platforms are essential to the success of your business, and picking the right one requires a lot of analysis and comparison. In this ByBit Review, we explore the platform deeper to learn more about the exchange. You can then decide whether Bybit is right for you.
What is Bybit?
Traders can trade perpetual Cryptocurrency contracts onBybit, a Bitcoin-based P2P derivative exchange. Bybit offers perpetual futures products with 100:1 leverage. As well as spot and derivatives trading, the exchange supports mining and staking. In addition, Bybit provides API support to retail and institutional customers around the world. Bybit launched its crypto exchange in March 2018 in Singapore. They were originally founded by Ben Zhou under XM, one of the most reputable forex brokers. Bybit's team includes professionals from investment banks, the Forex industry, Blockchain experts, and other fields. Bybit's vast expertise throughout the crypto world also helps it stay on top. While Bybit provides services globally, some countries have jurisdiction limitations. USA, Syria, and Quebec, Canada are among them.
Is Bybit Safe to use?
The most sought-after security option on a crypto trading website is accessibility for cold storage. By doing this, the broker can keep clients'' money in secure air-gapped offline locations. Bybit can store cold items, along with other security features. Multi-signature is yet another security feature that is included by Bybit. This makes it so that the moment a transaction occurs, the exchange will require two keys. In addition to the standard security features such as 2FA in addition to 2FA, there is an SSL encryption built-in to allow for more encryption of sensitive information. There is also an insurance fund in place to manage any risks posed through shortfalls in a settlement contract. This allows traders to get liquidation at a level that is below their bankruptcy cost. This is an insurance policy that is implemented to protect traders if Bybit is not able to take over the trader's assets in the event of the worst-case.
Bybit Review - Leverage
The leverage within Bybit can be freely variable. Additionally, traders can alter the leverage value after opening a trade. Bybit also got an auto-deleveraging liquidation method. Investors exhaust their initial margin before the marked price reaches the liquidation price, leaving them with their remaining margin. ADL will automatically deleverage a position of an opposing trader if it isn't liquidated. Bybit's perpetual contracts are one USD in value and much smaller than other exchanges'. This exchange offers future contracts on Ripple and EOS with a maximum leverage of 25x. Bybit is the only exchange in the world that offers contract options for futures. Exchanges can offer different leverage rates based on the number of positions entered. With large transactions, it safeguards the exchange. There are additional tools to assist traders in liquidation problems. Dual price mechanism - In place to guard against manipulating the market on the exchange Automated margin replenishment - To make sure that your website will have adequate levels of margin Stop loss - To ensure that the level does not reach the liquidation level
Bybit Reviews -Trading platforms
Bybit's trading platform is quite advanced compared to other trading platforms. A robust dashboard provides a lot of information that can be very beneficial. On the main interface, you can access charts, market depths, order books/forms, and contact information for your assets. In addition, this interface is modular and allows for a wide range of customization. Third-party charts add value to the trading platform. Bybit proudly announces that its order matching system can process up to 100,000 transactions per second for each contract. Another ADL ranking indicator indicates whether you might be in a position to deleverage.
Bybit Review - Mobile App
Crypto exchanges today need a reliable app. Consequently, Bybit also provides its clients with a robust mobile app with similar capabilities. Features include advanced charting, order management, and advanced ordering forms. Most of these functions are not accessible via mobile apps. In addition, traders can send push notifications of a variety of price levels using the Bybit app. Apps are available on Google Play and iTunes. Customer reviews are above average for both stores. Bybit Review - Perpetual contract Bybit offers two perpetual contracts based on margin. Before trading with Bybit, you must understand what they are. They are USDT agreements are the heart of it, these are contracts with USD as a base currency and Tether as the main asset. They are not as risky and are issued on 1BTC. Perpetual Agreements The crypto is used as the base currency for margin, making them riskier than USDT contracts. Based on 1 USD. They allow contract transactions at as low as 1 USD. Bybit offers two options for managing margin when trading BTC USDT. Margin can be isolated or gross. If you use isolated margins, any margin used is only applicable to that trade instance. To avoid liquidation, cross margin combines available balances.
Bybit Review - Fees
Maker-taker fees are the basis of Bybit's fees. Liquidity withdrawals will be charged by the platform. Additionally, Bybit can offer a rebate to traders if the broker provides liquidity to the exchange. It's like an overnight rate, but the fees are exchanged directly between traders. Market conditions and interest rates determine the funding rate. Depending on the day. When trading cryptocurrencies in real time, investors are required to pay a $5 fee. Bybit Review
Bybit Review - Demo Account
Bybit offers a demo account. Try Bybit Testnet. Demo accounts help traders learn how to use the trading platform. Visit testnet.bybit.com to log into the Testnet testnet. Use coins purchased from the Testnet faucet to fund the test account. With these funds, you can earn 0.01BTC every hour in Bitcoin. Testnet faucet access requires you to pass through a series of hurdles.
Bybit Review - Deposits/Withdrawals
There are no withdrawal or deposit fees on the exchange. You cannot fund your account with fiat currency on Bybit. To transfer crypto funds to the Bybit account, you must create an address for your wallet and then initiate an account transaction. In the asset section, select deposit. Bybit requires your wallet address and 2FA confirmation for withdrawals. Miners get a fee. Withdrawals are processed in three time slots: 0800, 1600, and 2400 (all UTC). Limits on withdrawals: Bitcoin: 0.002BTC / 10BTC Ethereum: 0.02ETH / 200ETH Ripple: 20XRP / 100,000XRP Eos: 0.2EOS / 10,000EOS Alongside withdrawals or deposits, investors also have the option of exchanging assets. Four different cryptocurrencies are allowed for exchange.
Bybit Review - Customer support
There's nothing extraordinary regarding the customer support Bybit provides. Bybit provides 24/7 live chat customer service in several languages. In addition, you can contact the support team via email ([email protected]/[email protected]). But, they do not provide directly-line or mobile-based communication methods. There's a helpful Telegram community that traders can use to find answers.
Bybit Review - API
Bybit offers a robust API for traders to use to program bots and algorithms. For this feature to be used first, you must go to the API management section. There, you can generate your API key. The trader will then have the option of deciding which permissions to grant (read and write, as well as withdraw). To keep anyone from making trades on your account in case the API key has been compromised, you could connect an API to your IP. This API key is essential to take the highest precautions to keep safe.
Bybit Review - Reward's Hub
The exchange gives its customers several opportunities to earn some extra cash for their work. Below are some of the opportunities offered to their clients.
If your first deposit on the platform exceeds 0.05BTC and you are a member of the platform, you will be eligible for an additional bonus of $5.
If your first deposit on the platform is over 0.5BTC, you will get an additional $50 bonus.
If you deposit over 1 BTC then you'll get an additional $20 bonus.
Register and join their channels for social media to earn 5 dollars.
Use the Take Profit and Stop Loss options to get $5.
Trading for longer than 10 consecutive days to make $5.
The completion of a survey by a client can make you $5.
A thing to keep in mind is that earned bonuses cannot be withdrawn and should only be used to fund margins.
Bybit Review - Referral / Affiliate Program
Promoting traders to Bybit is a great opportunity to earn extra cash that you can utilize. For every referred trader, Bybit will deposit 0.2BTC in exchange for the amount of $10 as a trading bonus. There are two methods to introduce an aspiring trader to the exchange: either by referral code or the referral link. When you refer a trader, you'll get a 30 percent commission and 10% of the affiliate commissions.
Bybit Review - Trading Competitions
Bybit exchange's unique feature is the competition it holds to encourage traders to trade more. Prizes are offered in these trading competitions. Recently, they held one worth over $6200. In order to increase the market's volume of trade, Bybit organizes contests. Bybit takes fees from traders through this increased volume of trading.
Bybit is a crypto trading platform with unique features available to its traders. Bybit offers no exchange fees, excellent customer service, unique perpetual contracts, and attractive reward programs. While Bybit has some positive aspects, there are a few areas for improvement. The number of supported crypto assets can be increased from 4 to more. Additionally, traders could use the demo account more easily if funding was easier. Bybit's customer base can be increased by adding options. Bybit. Should you consider Bybit as your cryptocurrency exchange? The choice is up to you. Overall, Bybit provides a reliable and safe trading platform. Ensure you do your homework and use the information on this page to support your research.
What is Bybit?
Bybit is a unique cryptocurrency trading platform with some great features. This P2P cryptocurrency derivative exchange provides leverage up to 100:1.
Is Bybit safe?
Bybit provides good security features to ensure security for its customers. The positive customer feedback proves Bybit's security features. Bybit is a safe exchange.
What number of assets can I trade on Bybit?
As of now, you are able only to trade four cryptocurrency assets. Bybit is working to improve this number to be higher. Bybit Review
Alpari International Is A Global Online Crypto Trading Platform And An Asset Broker, Developed In 1998. The Leading Company Is Situated In St. Vincent And The Grenadines. It Has Successfully Expanded Its Business Over The Last 23 Years, And Now Alpari Forex Trading Is Also Available To Retail Investor Accounts. Finding A Capable And Reliable Broker Is Essential For Successful Online Trading. Investors Must Ensure That A Broker Is Not Unreliable Or Fake To Avoid Losing Their Investments. With The Growing Cryptocurrency Market, There Are Too Many Brokers Out There Which Makes The Job Of Selecting The Best Broker A Herculean Task. In This Alpari Review, We Will Dive Deeper Into Alpari’s Features, Pros And Cons, Account Opening Process, Deposit And Withdrawing Processes, And Many More.
Alpari: Pros And Cons
No Commission For Trading.
$1 Min. Deposit Requirement.
Segregated Client Funds Or Money.
Supports Ecn Trading Accounts.
Limited Educational Resources.
Lacks Advanced Trading Instruments.
Alpari : Account Types
Alpari Spreads And Commissions
Alpari International Offer Spreads On Major Currency Pairs Of Just 0.4 Pips, Which Are Some Of The Tightest On The Market. The Spreads Available On Trades Will Depend On The Type Of Account Held. The Micro Mt4 Account Offers Spreads Starting From Just 1.7 Pips When Trading Major Forex Pairs. If You Choose To Open A Standard Mt4 Account, These Traders Are Offered Spreads From 1.2 Pips On Major Forex Pairs. If You Are A More Experienced Trader, The Ecn Account Spreads Start At Just 0.4 Pips For Majors. If You Are A Professional Trader Looking To Trade Individual Stocks, You Will Need To Open The Ecn Pro Account. There Is No Commission Charged On This Account, Compared To The Ecn Account Which Charges $3 Per Lot Round Trip
Alpari Methods of Payment
Deposits And Withdrawals : Alpari International Offers A Quick And Secure Depositing Process. The Following Methods Are Accepted For Deposits And Withdrawals:
Alpari Safety And Security
All Payments Processed Through The Site Are Handled By A Secure Payment Provider, Which Ensures Personal Details Are Safe And Secure. The Card Transactions Are Processed Through Al Accept Solutions Limited And Fr Global Services Ltd. The Registration Process Is Designed To Be Quick And Easy, Simply Click The ‘register’ Tab, Which Is Located In The Top Right Of The Website. You Will Be Asked To Enter Your Details, Which Is Then Followed By A Pin Verification Which Is Sent To Your Registered Phone Or Email Address. Once Verified You Will Be Able To Login To Your Account And Complete Your Profile.
Alpari Review Features The Company With A Long History Of Operation, Which Passed Numerous Crises And Hard Times Nevertheless Managed To Offer Global Services To The Thousands Of Their Clients. The Alpari Brand Indeed Reputable One Among The Market Offering, Notwithstanding The Fact Of Its Weak Point Of Recent Regulation. Nevertheless, We Can Recommend Alpari As A Trustable Broker To Trade With. Alpari Solutions Meets Various Traders’ Needs, Throughout Different Types Of Execution And A Variety Of Tools To Choose From. In Addition, The Broker Shows Great Learning Capabilities And Support, As Well As The Variety Of Generous Programs Alike Contest, Cashback Options, Etc That Are Definitely A Plus To The Company Portfolio And Advantage To You As A Trader.
Ghost Trader Silver NFT white list and competition giveaway.
Hello all, Just wanted to make you aware of GTRs latest promotion/giveaway. The team has produced profit to all their GTR Token and NFT holders since December, 2021. I know there's a lot of negativity in this space geared towards Hedge Funds at the moment, but this one doesn't trade in crypto. The trader trades in Forex, Gold, Silver, Oil etc. He does commodities and not stocks and has 35 years of experience worth a look, Market Place just launched. Can't hurt to try and win the Silver NFT at least. The Silver NFTs offer a monthly reward, based on the profits earned by the Ghost Trader. The Gold or Genesis NFTs have sold out, a few are available on the Market place. GTR Silver NFT White List and Giveaway. Join our whitelist to buy a Limited $GTR Silver NFT + get a chance to win one (worth $1359) for free! -Register for contest -Complete daily tasks -Share your referral link as much as possible (unlimited entries) #NFTGiveaway #nftart I'd like to note, DYOR, but this project has hit a lot of their road map goals. Most projects fail to hit their Market Place roadmap in a timely manner. GTR was a month late on their road map.
Reichenhart An Opus Tale As the moon rises to its peak and the night begins, some owls take off into the night, soaring at high speed and swooping down onto prey beasts for a snack then in a few strong flaps they ascend back toward heaven and the stars it cradles. The night air is still, the temperature is optimal for a nighttime race, and the hearts of the owls throbbed with anticipation as the nature marker they would soon use as a starting line was drawing nearer. They soar high, then dive into a synchronized swoop toward and over the nature marker, beginning the race. The owls battle one another for the top spot as they glide, flap, and soar through the forest and into the valley. The wind picks up as they reach the valley, causing the inexperienced ones to totter while the experienced ones lead the way toward the final sprint toward the finish line. Two of them break out the front of the pack. Mykiah Reichenhart and Luis Montclair. Two rivals that have been beak to beak in each race and that never settle for second place dash for the finish. Across the finish line, first is Mykiah with Montclair a feather behind. Mykiah soars into the air with joy and says thank you the moon for its light. Montclair vows to one day beat Mykiah at any cost, even if it's his future progeny that carried out the vow against her progeny. That night was graduation night, and all the owls that graduated received a certificate to attend a Cosmology Academy of their choosing. Mykiah chooses Alune’s Mountain Academy of Lunar Cosmology. There, she meets Lamar, an eagle studying the Cosmology of Lunar Light. Lamar went to an aviary school in the Sol Mountains and wanted to increase his knowledge of the Sun’s Light through how it reflects off the Moon. Mykiah and Lamar fall in love and get married after graduating from the Academy. Mykiah lays and hatches Maya Reichenhart. Maya Reichenhart was born in Othello City, which is at the base of Alune’s Mountain. She is raised taking long flights with her parents and touring the city from above. Maya had always wondered what was at the top of Alune’s Mountain because it is too high altitude for her to breathe, and the clouds cover the peak. Mykiah had attempted to ascend to the peak but failed and crashed. She was taken care of by Elizabeth, a tiger from the Sunny Plateau that was far from home while jogging. Mykiah heals up and helps Elizabeth get home to the Sunny Plateau. Elizabeth calls Mykiah her sister; they have been friends ever since. Maya trains her wings daily as she dreams to one day fly high enough to see the peak of Alune’s Mountain. Mykiah and Lamar help train and encourage Maya as she goes through aviary school. Once she graduates and wins the final race, she heads onto Alune’s Mountain Academy to learn the Discipline of Flow: Cosmology While enjoying a leisurely flight, Maya spots a fox hanging from the side of Alune’s Mountain. She swoops to the rescue and carries the fox to the ground. The fox catches her breath and thanks Maya for her kindness. “Thanks! These moon mountains are harder to climb!” The fox exclaims. “You are welcome. I am glad you're safe. My name is Maya Reichenhart. And yours?” Maya replies and asks. “Marie Zoro. I am from Gaia’s Grove.” Marie replies. Maya and Marie become best friends, and Marie asks if Maya will be a taste tester for her Protein Baked snacks. After a few batches Demarcus, a hawk and Buzz’s son, from the Sun Mountains transfers to Alune’s Mountain Academy from the Sol Mountain Institute because his family was moving to Othello City so that Lamar and Buzz could work together once more. The Lunar Commission is a group that hires strong flyers to test their flight assistance gear and Lamar and Buzz were both selected from the try outs but they are based near Salune Lake which is south of Othello City. Demarcus races Maya often to see which one is faster, and the answer is different every race as they both mature and get faster. Marie also improves her Protein Baked Snack recipe and begins helping them both train to get faster and stronger. The three of them become the best of friends, and they all graduate together. During their time at the Academy, the trio had decided to pursue a career in racing. It had become more popular since Mykiah’s days in aviary school, and more participants began joining, causing a phenomenon of racing fever. Mykiah had given up speed flying after her accident and focused on contests that non avian Furs competed in to hone her skills without damaging her wings. Maya had picked up her mother’s speed and increased in speed while racing Demarcus during their time in the Academy. Marie fed and coached them both, giving pointers on their take off and their flap speed. Demarcus begins to fall for Marie the more time the trio spends together and Maya notices and when she gets the chance she tells him privately. Demarcus admits he is afraid to tell his parents because they think he wants to be with Maya because Marie is a fox. Maya tells Demarcus to give it some time before he confesses his feelings so that he knows he can tell his parents without fear. Luis Montclair II becomes the champion of the Willow Tree racing circuit before he graduates aviary school and heads onto the Icarus’ Advance Flight Academy and graduates from there with honors then begins his tour of the world and its racing courses in search of a rival. Maya hears about Montclair and remembers a story her mother used to tell her about a Great Horn owl named Montclair that was very fast and very annoying. She wanted to race him just as her mother did and beat him. Marie and Demarcus show Maya a flier for Tri Mountain Race that is accepting race teams due to the long distance. Maya reads over the flier and looks at the rules and sees that flight assistance gear is approved for this race. Marie suggests Maya get some gear for herself to keep up with the competition. Demarcus suggests the Sunny Plateau because of the inventors and engineers that study there could help. Maya takes a trip to Sunny Plateau with Marie and DeMarcus to find an engineer.. The Furs of the Sunny Plateau turned to technology to make their lives better instead of using Cosmology. The streets are paved with machine cut stones, the homes are close together, factories make goods, and vehicles are commonplace. Maya, Marie, and DeMarcus arrive at the Sunny Plateau after a few days of travel with a caravan of traders transporting goods from Alune’s Mountain to Sunny Plateau. Maya looks around at everything and flies around the Sunny Plateau to see the sights. DeMarcus walks with Marie to the Traveler’s Inn near the Plateau center. Maya swoops down near a factory to see some engineers working on gear and selling their gear. She goes to each merchant to ask questions about their gear and learn all she can about flight assistance gear for the race. While shopping through different stalls of gear, a tiger riding a vehicle that has one wheel attached to a seat and handlebars comes riding past Maya at high speed almost knocking her over. Maya gets flustered and flies after the tiger. The tiger keeps riding even while Maya follows him and gets closer to catching up to him. The tiger slips into an alleyway and Maya slips in behind him. He slides to a stop once he is halfway down the alleyway and turns the vehicle around to see who is following him. Maya stops and hovers over him. “Those wings are divine.” The tiger says looking up at Maya while removing his goggles. “You almost knocked me over and you just kept going! Apologize.” Maya says slightly flustered. “Oh. Yeah. Sorry. But I think you followed me for a different reason. Is it my ride?” He asks and gets off his unicycle. “No. But it is interesting. Is it normal to bump into people here?” Maya lands and shakes her head. “Well, yes. But you are right. I should've watched where I was going. I am Marco.” Marco puts his paw out for a shake. “Maya.” She replies and shakes his paw. “Are you an engineer?” “The best!” He grins. “Do you make flight assistance gear?” She asks and her eyes widen. “I can.” He nods and looks at her wings. “You would be the first but your wings are too divine to pass up.” Maya blushes and tells Marco her plans to win the Tri Mountain Race alongside DeMarcus and with the help of Marie. Marco agrees to help and shows Maya the way to his workshop. Inside of Marco’s workshop is littered with unfinished but interesting inventions lying around and tools scattered about. “If you allow me to measure your wingspan I can design flight assistance gear in no time!” Marco says as he pulls his tape measure from a pile of scrap metal. “Will you have time? You seem busy.” Maya remarks looking around at the messy workshop. “Oh, I plan to finish every invention you see! Just need the right spark. Anyways. Measurements?” He asks while extending the measuring tape. Maya expands her wings as far as they can stretch while Marco takes measurements of their width and length. “Wow. Mind if I feel the feathers?” Marco asks. “Um.” Maya responds. “Sure. May I know why?” “I don’t have any avian friends.” He replies and feels her feathers. “I will design your gear based just on your wings.” Marco finishes his measurements and begins taking notes and sketching ideas. Maya watches Marco work then her stomach growls. “I need to return to my friends! They are probably worried about me!” Maya rushes out of Marco’s workshop and flies off to find Marie and DeMarcus. Maya remembers the itinerary she put together for the journey so they could find what they came for and get back to training for the Tri Mountain Race. After finding their lodging place she joins Marie and DeMarcus. “Where did you go?” Marie asks when Maya arrives. “Engineer’s Row. That’s why we are here.” DeMarcus replies. “That is what it is called? I like it! I met an engineer named Marco! He wants to make gear for us. Well me. You need to meet him, DeMarcus. He will measure and touch your wings.” Maya smiles and hugs Marie. “Touch my wings?” DeMarcus raises an eyebrow. “Yes. Marco felt my feathers and made many notes. He seems very interested in making flight assistance gear. It is his first time!” “Well if you trust him, then I can trust him. But for now let’s eat! DeMarcus, where should we go?” Marie asks. DeMarcus takes Maya and Marie to the Surya Market. “If you ever need food, come here. The farmers all gather here and sell their produce and chefs set up stalls to feed the shoppers.” DeMarcus explains as they reach the Market. “Wow! I am going to buy fruits and vegetables that only grow in this region. So I can make new protein bars and shakes for the two of you.” Marie says. “After we eat, we can shop.” Maya says, rubbing her stomach and heading towards a rodent stall. DeMarcus shows them around the Market and then after buying supplies to take home Maya takes them to Marco’s workshop in Engineer’s Row and knocks on the garage door. Marco opens the garage and invites the group inside. “Welcome back. You remembered where my workshop is.” Marco chuckles. “I have a strong memory. And I wanted you to meet DeMarcus to measure his wings, and Marie is our personal trainer.” Maya replies and introduces her friends. “I see you work on a lot of things.” Marie says looking at the unfinished inventions. “I do. I get inspired and start my work but then I get distracted. But this time I am not distracted. After seeing Maya’s wings expand, I felt a spark.” Marco replies. “Well my wings are impressive too.” DeMarcus says and spreads his wings out for measurements. Marco brings out his measuring tape and measures DeMarcus’ wingspan. “Thanks. I will take notes and build your equipment.” Marco says and gets back to working on Maya’s gear. “How long will it take?” DeMarcus asks and relaxes his wings. “How much time do I have?” Marco asks. “The race is happening on the day of the Dragon Moon.” Marie says and picks up one of the unfinished inventions. “It starts at Alune’s mountain and ends at Raysh Peak. DeMarcus and I are teaming up to win.” Maya says smiling. “That is plenty of time. But I need you two to wear the gear to test it. But traveling back and forth would take too long.” Marco says taking more notes. “Then come to Othello City. It has space for you to set up shop. And my parents can help you find a place.” Maya responds with a smile. “I will look into it. My mom does long distance running for fun and has visited Alune’s Mountain before, and my father is chef so he might move with me to feed a new crowd.” Marco replies. “Plus, I can feed you. If you are a part of our team then you will be on a diet I make for you.” Marie smiles. “And being on our team means working out.” DeMarcus flexes. “Don’t overwhelm him. He is our engineer. He doesn’t have to train.” Maya defends Marco. “As long as I can work in peace and you two give me reliable data on how the gear feels when you fly, I will be happy.” Marco shrugs. “Then it is settled. We are a team. We train as a team and eat as a team!” Marie cheers. Maya and her team leave the Sunny Plateau and head back to Othello City after Marco visits his parents and informs them about his move and about the race. Once back in Othello City Marco is set up with an apartment and workshop he would share with other engineers. He settles in and gets to work on Maya and DeMarcus’ gear for the race. Maya visits him, often bringing a home cooked meal. Each time she would visit Marco would stop his work and eat with her but when DeMarcus visits to check on the progress of the gear Marco simply keeps working and answers his questions as he works. Marie visits from time to time to have Marco taste test one of her new baked goods she had been working on. While Marco is hard at work Maya and DeMarcus train their wings and endurance by entering races and competing against avians of different feathers. Luis Montclair II makes an appearance at one of the exhibition races and Maya watches as he flies, paying attention to his flap pace and the way his feathers cut through the wind. DeMarcus challenges Luis Montclair II to a sprint after the race is over but Montclair ignores him and instead looks over at Maya. Maya approaches Montclair and looks him up and down. “Reichenhart.” Montclair says looking Maya up and down. “Montclair.” Maya reponds. “I know I will see you at the Tri Mountain Race.” He says. “I hope you enjoy the look of my tail feathers.” She replies. Montclair shakes his head and his wings in disagreement before taking off. Maya smiles and DeMarcus squawks feeling disrespected. Marie pats DeMarcus on the back. “Don’t worry. We will beat him. I will give you all the fuel you need.” Marie smiles at DeMarcus. A few days later, Marco calls Maya to visit his workshop because his prototype Flight Assistance gear was ready for a test flight. Maya takes the gear out for a flight and returns with some notes for Marco. “It fits just fine. But it is too heavy. I feel slower.” Maya admits in honesty. “Too heavy? Maybe a different metal? Or less metal?” Marco scratches his head. “I am not sure. But other than the weight, I love the feeling of the gear.” Maya says removing the gear. Marco looks over his designs and sketches that are scattered around his area. Maya helps him collect his notes and looks over them. The notes aren’t easy to read but she can see his dedication to the project. Then she looks around the workshop to see that it is not well kept. “You should get out of the workshop and see Alune’s Mountain. Raysh Peak is nothing like our mountain. You might even be inspired.” Maya says, setting down Marco’s notes. “My mom said that Alune’s Mountain is the most beautiful. I will take you up on that offer. I will go for a jog tomorrow morning.” Marco nods. In the morning Marco goes for a jog on Alune’s Mountain. The cool air flows through his fur and whiskers as he jogs. Maya takes her morning flight and sees Marco resting by a vista point so she lands nearby. “Beautiful. Isn’t she?” Maya says approaching Marco. “You are correct.” Marco looks back to see Maya. “And I am very happy I came up here.” “I am happy you did. This mountain is special to me and my mother. She once attempted to fly to the peak but was unable.” She stands next to Marco and looks out at the land. “Do you plan on attempting it?” He asks. “My mom told me it was worth attempting, even though I may fail. The experience will be worth it.” She replies. “What if you had some gear? With gear you could handle the high altitude and weather.” He says looking up toward the peak. “First, let’s win the Tri Mountain Race.” She says smiling. “I have come up with some new ideas during my jog and I need some Cosmology textbooks.” He replies and heads down the mountain. Maya collects all of her favorite Cosmology books and brings them to Marco in his workshop. Marco reads through them for a few days and begins to sketch new designs based on the Moon and the Sun. After a week of sketching and planning Marco calls for Maya and DeMarcus to come to his workshop. “You have been cooped up in here buddy. You okay?” DeMarcus asks jokingly. “Once you wear this gear, you will know why. And I could use some coffee.” Marco responds by handing them each a box with their gear in it. “I have coffee.” Marie says handing Marco a thermos of hot coffee. Maya and DeMarcus open their boxes and try on their gear. Each chest piece has a Cosmology symbol on it coordinating with each of their affinity. Maya has a moon on hers and DeMarcus has a sun on his. The wing assistants are light and adjusted for their feathers and wingspan. “Ok, this is comfortable.” DeMarcus says and flaps his wings. “I can feel the freedom of movement and the Moon’s energy is flowing through it. Impressive!” Maya says and begins to hover. “Race me.” DeMarcus challenges Maya. “You’re on!” Maya says as the two of them head out of the workshop. “Be safe! That gear hasn’t been tested!” Marie chases after the duo. Marco finishes his coffee and follows with a smile on his face. Maya and DeMarcus fly up to a vista point on Alune’s Mountain to begin their race. Marie and Marco wait down below where the finish line is. Marie waves her hat to signal a start to the race and DeMarcus takes off with a gust of wind and fire. Maya takes off just a moment after and keeps close to DeMarcus. The sun rays shine down on DeMarcus and his gear absorbs it and transforms it into energy that gives DeMarcus a boost of speed carrying him over the finish line first. “What was that?” Maya asks Marco. “I read about the effects of the Sun and the Moon and their rays. I live under the sun and never studied it.” Marco chuckles. “Glad you studied it. I have never been so fast! The sun has me all heated up!” DeMarcus says still glowing with heat from the sun. “Don’t catch fire please.” Marie says fanning DeMarcus. “Well, that means the Moon will give me more speed. Right?” Maya asks, looking at her gear. “Yes and more control. In the race, DeMarcus should lead during the day and Maya during the night.” Marco responds proudly. “Then I will adjust our training strategy.” Marie says, pulling out her notebook. Maya and DeMarcus race each other and other avians as they train for the Tri Mountain Race. They got used to wearing their gear and practiced synchronous flapping. Marie finds out about a long distance race going on in Ursa City and signs her teammates up. Maya and DeMarcus fly there as training while Marco and Marie follow via a mobile workshop with four bunks and a kitchenette. Ursa City is built in the trees and their culture is focused on the Flow of the forest. Marco parks the Mobile Workshop and the team heads into the city to check in for the race. The buildings were carved into the large healthy trees and bridges link each tree together into a city sized network. "Welcome to Ursa City! The best aerial racing city in Gaia’s Grove! Also the largest city in the grove." Marie announces as they enter the city. "Wow." DeMarcus says looking up at the tree houses. "What beautiful architecture!" Maya flies up to see the houses and community structures. "Great place to train. The wind is definitely different here." Marco remarks. "Food first." Marie says pointing at the Hanging Market. The Hanging Market is at the center of Ursa City and home to all the produce gathered from the trees and bushes below. Also any meat butchered is brought to be prepared for meals and banquets. Elevators, rope ladders, and suspended bridges keep the flow of traffic moving smoothly. Marie escorts her team through the Hanging Market leading them to her favorite place to eat. "Sully's! Best sandwiches in the Grove!" Marie exclaims. “Smells super.” Marco says sniffing the air. “Super?” Maya asks as she looks at the menu. “Love their meat selection. I am getting a footlong!” DeMarcus then begins to order. While the team eats their sandwiches a raptor flies in and lands to order her food. The raptor catches Maya’s eye. “Marie. Do you know her at the counter? The raptor. She looks like a racer.” Maya asks Marie who was in the middle of a ferocious bite. “That…” Marie swallows. “That is Archie Zhang. She is one of the best racers in Gaia’s Grove!” “Perfect time to test your gear. Win or lose. She will push you to the limit.” Marco replies looking over her wing structure and posture. “Lose?” DeMarcus chokes on food before catching himself and swallowing properly. The team finishes up their sandwiches then heads over to the Ursa Racing Complex to register for the race. Maya signs up DeMarcus and her for the race while the rest of the team looks around the complex at the different races available throughout the year. After exploring the complex the team arranges some lodging at the Bunyan Branches Inn. In the morning the team does a light warm up to get Maya and DeMarcus’ wings ready to race against Archie Zhang. “Great work. I promise you, I will improve the Flight Assistants after seeing the two of you racing in this forest and its winds.” Marco says sketching designs and making notes. “Wow. You beat your best times! My protein bars did their work!” Marie looks at her stopwatch. “As long as I can beat Zhang!” DeMarcus flies high into the air. “Zhang will be a great challenge. I look forward to racing her.” Maya lands grabbing her bottle for a quick drink. The bell rings at the Ursa Racing Complex calling all the racers to the starting line and their teams to the post race booths. Maya lands at the starting line and looks around for Archie Zhang. DeMarcus looks around at the competition and sizes them up one by one. Marco and Marie head to the post race booth and bring up the race monitors. Racing gates are sent out into the forest along with markers to keep the racers on track. Forest dwellers that live near the race track sit on their porches and terraces waiting for the racers to come by so they can cheer them on. Archie Zhang lands with a roar of applause from the crowd. “You were right about Zhang. She is popular.” Marco looks at the crowd. “Yup. Zhang is loved by young and old alike!” Marie admits. “Let’s do our best!” Maya looks at DeMarcus. “Yeah.” DeMarcus crouches into his starting position on the line. The Ursa Racing Complex staff announces the race along with the rules. After the formalities are out of the way an archer fires their bow at the starting bell and when it strikes the race begins. The avians take off and gusts of wind are felt throughout the complex as each racer flaps their way to their top speed as they compete for the top spot. Archie takes a hold of the lead as they reach the first racing gate. DeMarcus flaps in sync with Maya as they both follow Zhang's line. Each racing gate DeMarcus and Maya get closer and closer to overtaking Archie. As the final leg of the race approaches, DeMarcus begins to speed up and flap vigorously and overtake Archie. Maya sees him advancing and takes this opportunity to dash ahead as well. Archie takes a slipstream unseen by DeMarcus and Maya and overtakes them right before the finish line. "Did you see that? She caught the wind just right! That's a professional!" Marco points out Archie's skillful move. "Glad you caught it. DeMarcus doesn't like losing without knowing why." Marie gets up and heads to give DeMarcus and Maya water. "Exhilarating! I've never raced that hard!" Maya pants accepting her water bottle. "We lost… but I feel stronger." DeMarcus takes his water bottle and begins to drink. "You two really know how to race. I felt you on my tail feathers the whole race! You don't race like newbies!" Archie exits the crowd of her fans to greet Maya and DeMarcus. "Thank you for the race! My team and I are training for the Tri Mountain Race." Maya greets Archie. "Then you get a second shot to beat me. I'll see you at the starting line." She replies and returns to her fans. "And we will win!" DeMarcus finishes his water bottle. After cooling off from the heated race the team has a meal together in their lodging. Marco goes over the skillful technique Archie had used to overtake them at the last second. DeMarcus talks with Maya about strategy and wind currents into the night. In the morning the crew returns to the Mobile and drives back to Othello City to train and update their gear. The day of the Tri-Mountain Race comes and the racers meet at Alune's Mountain to begin. Luna's Lake hosts the starting line on a floating platform and the racers will take a break at Terra's Treetop Terrace then end at the Solaris Dunes in the Oasis district. Maya and DeMarcus keep their wings relaxed and their feathers freshly preened. Marco and Marie prepare the Mobile to follow the racers and have water and food for them. "I hope you enjoy the race." Montclair stands next to Maya. "I hope you too enjoy the race." Maya keeps her eyes focused on the race. "I'll enjoy winning." Montclair adjusts his flight goggles. "Second place isn't winning!" DeMarcus gets pumped for the race. “Then make sure to keep up!” Archie crouches into the launching position. The starting line fills with avains as the time draws near for the race to begin. Marco and Marie watch from the shore of the lake on top of the mobile so they can see the take off then follow them to the next checkpoint at Terra’s Treetop Terraces. Mykiah holds onto Lamar tightly as the Opening Speech concludes and the racers are prepared for launch. The bell is rung and the racers take off with such power that the platform they launched from is shifted on the lake. The spectators cheer as the racers take to the skies. Montclair takes the lead with Maya and Archie right on his tail feathers. DeMarcus was playing the passive role for the first leg of the race. Maya had requested to chase Montclair during the first leg of the race to test her wings against his Flight Assistance gear that he was using. Montclair’s Flight Assistance gear was flapping his wings for him allowing him to steer and fly without expending too much energy. As the race progresses to the checkpoint Maya catches up to Montclair and nearly passes him as the sun begins to set and her Flow increases as the moonlight touches her. DeMarcus battles Archie for 3rd place and comes up short but Archie had to work hard to keep her lead over DeMarcus. Archie had no Flight Assistance and was tired when she reached the checkpoint so her recovery team got her to a bed and plenty of water. Marie and Marco greet their team with hugs and recovery snacks as well as water. “Seems like my plan is working.” Marco hands Maya a water bottle. “Montclair’s Flight Assistance gear is impressive. He isn’t flapping. The gear is taking care of his flapping; he just soars and dives without the gear active.” Maya pants and drinks the water. “That is incredible! I wonder who made it.” Marie makes sure DeMarcus finishes his protein snack. “Montclair thinks that gear will save him! He won't have a chance when I get rev’d up!” DeMarcus finishes his protein snack. The racers enter the checkpoint one by one that night and check in with the race staff to see if they can continue or wish to opt out. The next leg of the race would be through the forest and into the desert plains. Maya and her team get some rest then get to the starting line for a night time take off. Montclair approaches Maya before the race without his gear on. “You and me. Let’s have it out. During the night race we don’t use gear. After the sun rises we use our gear. Fair?” Montclair challenges Maya. “Fair. Sounds good.” Maya says knowing she had planned for DeMarcus to be the anchor for the last part of the race. “You are strong. You don’t use Flight Assistance gear.” DeMarcus admits to Archie as she lands on the starting line looking as ready as she did on the first leg. “I just needed a rest. I have practiced enough to not need gear. But I understand why people use it.” Archie keeps her eyes forward. The race proctor announces the current standings in the race then readies the racers for take off. Some racers had opted out so the field had thinned making the starting line less crowded. Montclair and Maya crouched ready to take off and as the bell is rung they launch off with bursts of energy as they feel the moon’s rays. Archie speeds off as well with DeMarcus hot on her tail. Montclair and Maya battle for the lead in the night as they weave through the trees and the racing gates that guide them. Archie swoops through each gate gaining momentum and decreasing the gap. DeMarcus does not back down one feather while conserving his energy for the sunrise. As the night begins to draw to a close Maya and Montclair are beak to beak as they exit the forest and enter the rocky plains that lead to the desert and the final sprint. Archie catches up to the two but the moon lit owls are too fast for her even in her element. DeMarcus uses this time to close the gap and move in position to be the anchor. Maya catches the wind just right and spins into a corkscrew and into the lead as the sunrise begins. Montclair furiously flaps after her and his Flight Assistance gear activates allowing him to keep up with Maya but DeMarcus uses the sunrise to begin his run for the lead. Maya glides into position behind DeMarcus as he gathers the sunlight with his Flight Assistance gear and gains speed. Montclair hangs on to second place as Archie tires out and DeMarcus surges forward with Maya using his draft to glide to the finishing platform then land to the applause of the spectators. "We did it!" Maya hugs DeMarcus. "Victory!" DeMarcus caws and flexes. "All that training paid off!" Marie squeals running over to them. "My gear worked perfectly!" Marco celebrates. "You beat me, Reichenhart, fair and feather." Montclair lands seconds after. The Tri-Mountain Race concluded and DeMarcus and Maya shared a trophy that was gold with three gemstones representing the three mountains. After the post race celebration the crew returns to Othello City and DeMarcus tells Marie that he loves her. It takes Marco and Marie by surprise but Maya knew this would happen. "I, uh… love you too." Marie sputters. "Every day we trained I felt more and more affection for you." She hugs DeMarcus "Wow. I guess winning made him bold!" Marco remarks and cheers for them both. "Well, he actually has been talking to me privately about this for some time now." Maya smiles. "I'm glad you feel the same way." DeMarcus holds Marie in his arms. "Now that the race is over we can meet up for something other than training." Marco takes the Flights Assistance gear to his lab and begins working on a new project to get Maya to the peak of Alune’s Mountain. Maya spends time with Marco and their relationship grows as the project reaches its conclusion. "I've completed the Flight Assistance gear that will get you to the peak of Alune’s Mountain. " Marco presents his new gear. "You are incredible. My mother couldn't make that flight but with this gear. I know I can make it!" Maya excitedly takes the gear and tries it on. After a few thorough test flights Marco and Maya prepare for launch. Marie helps Maya train her wings and provides her protein snacks for her climb. Once all checks are finished Maya is ready for take off. She crouches low and leaps into the air and activates her Flight Assistance gear that has been retrofitted for this flight. The gears thrusters are fueled by the Flow of the Sun and Moon and propelled Maya higher and higher up the side of Alune’s Mountain. Once she reaches the clouds she flaps hard to break through to the peak of Alune’s Mountain. On the other side of the clouds Maya saw what could only be described as heavenly.
Venice Swap create a real one-stop crypto experience for end-users and clients.
Venice Swap owes its name to the extraordinary history of the Most Serene Republic of Venice as a naval and mercantile empire, which between Rialto and Piazza San Marco invented the very concept of a modern stock exchange. Just as the Serenissima did in the past, today Venice Swap intends to shape a new concept of crypto exchange where an ecosystem of different applications will create a powerful shared one-stop crypto experience for end users and traders. https://preview.redd.it/eeeup6z58sg81.jpg?width=1280&format=pjpg&auto=webp&s=17ad4c799babbeef948fe2c34f659bd97616e7ac Venice Swap Services refer to various services provided to you by Venice Swap that are based on Internet and/or blockchain technologies and offered via Venice Swap websites, mobile applications, clients and other forms (including new ones enabled by future technological development). Venice Swap UAB is a Lithuanian company already licensed as a cryptocurrency exchange operator and a cryptocurrency depository wallet operator. Venice Swap LLC is a Forex company based in SVG. Venice Swap Platform is a One-stop experience Crypto Exchange and Swap environment. Target Groups: individuals and companies interested in crypto, crypto traders. Venice Swap will introduce two main applications in the market: A centralized crypto exchange to trade crypto-crypto and crypto-fiat. A decentralized swap app for crypto-crypto trade in the Ethereum blockchain Venice Swap will then introduce another kind of exchange and application during the time to create a real one-stop crypto experience for end-users and clients. For more information about our token distribution event visit https://veniceswap.com/ More Bonus tokens for Website signup and/or token purchase! Official Link: Telegram: https://t.me/venice_swap Twitter: https://twitter.com/veniceswap Facebook: https://www.facebook.com/veniceswap/
Can a country’s president bankrupt its Central Bank? Ferdinand Marcos did that in 1983, and today, generations of taxpayers not yet born during Marcos’s time are still paying for those bad loans the Marcos regime took out and wasted.
Bankrupt by Boo Chanco Can a country’s president bankrupt its Central Bank? Ferdinand Marcos did that in 1983, and today, generations of taxpayers not yet born during Marcos’s time are still paying for those bad loans the Marcos regime took out and wasted. I remember those bad old days. I was with PNOC at that time and Saudi Aramco wouldn’t load any crude oil to our very large crude carrier (VLCC) parked at their Ras Tanura port unless we paid in advance. We used to get 60 days of credit. I was privileged to join a mission to negotiate oil supplies around the same time. We used our company Learjet because it would facilitate our movement from one oil producing country to another. Besides, the aircraft was due for maintenance in Germany and was flying in that direction. Our pilots carried several duffel bags full of dollar bills to pay for refueling our aircraft and other needed services. Our usual credit card was no longer honored. They were not taking chances with us. The whole world knew Marcos drove the Philippines to the rocks. There was not enough foreign exchange at the Central Bank to pay for imports, including essential medicines. Those were the days after Ninoy Aquino was killed by the regime. The country’s political situation was volatile. Business confidence was down. There was capital flight, further exacerbating our precarious foreign exchange situation. Then prime minister Cesar Virata was worried enough to take former Central Bank governor Jaime Laya and Cesar Buenaventura, the private sector representative to the Monetary Board, to New York to talk to our bankers. Little did they know that the situation was worse than they imagined. As soon as they sat down with the head of the lead bank managing our account, they were told that the Philippine foreign exchange reserves were overstated by $600 million. “We were caught with our pants down,” Buenaventura told me in an interview last Saturday. The banker told them there was nothing to talk about until they got their financial statements in order. Buenaventura said they knew they had problems, but they were shocked to hear how bad the country’s situation was. Neither Virata, who was also the finance secretary, nor Laya who was CB governor, had any inkling. The first order of business was to avert a debt default. So they rushed back to Manila to verify the information they were given. They got SGV to go through the numbers, and sure enough they were told the $600 million overstatement was true. The country was broke. It was caused by a combination of factors constituting a perfect storm. The Marcos cronies couldn’t pay PNB, DBP, GSIS, giving rise to a crisis among the three GFIs. Also adversely affected were crony banks: Traders Royal and UCPB. Principal exports like sugar and copra were suffering price declines. In the meantime, prices for essential imports like oil were rising fast. Capital flight worsened after the assasination of Ninoy. In short, we had a forex crisis. It was also found that PNB branches moved money to branches in another time zone with the same going back before banking hours opened in the sending branch. It gave the impression we had more dollars than we really did. The economic managers had to face the reality of having no more dollars in the Central Bank to pay the banks or to pay for basic imported necessities like oil. Virata knew they had no choice but to request for a debt payment moratorium for about $20 billion in outstanding debt to some 300 banks. But the banks did not even want to talk to a Marcos government official. Virata knew they needed a new CB governor with enough international gravitas. They turned to Jobo Fernandez. It took a while to convince the veteran banker to take the job. When he finally agreed, he sat down with Virata and company to assess the situation. At the end of it, Buenaventura said Fernandez remarked: “Gentlemen… the way this looks it seems we are just shuffling deck chairs on board the Titanic.” The sudden collapse of confidence from international financial institutions made it difficult for the Philippine government to get debt relief, much less to borrow. Both were needed to cut the increasing budget deficit. The government had to impose import controls and implemented foreign exchange rationing. Forex access was primarily for the purchase of crude oil and petroleum products. All others had to get their own forex from the black market. To make sure the Central Bank had enough forex to pay for crude oil, then trade and industry secretary Roberto Ongpin tapped the Binondo Central Bank. Ongpin met weekly with five or six of the top Binondo blackmarket traders of forex and decreed that they supply so much forex weekly at a set price. The dollar bills were packed, flown by private plane to Hong Kong, and deposited presumably in the Central Bank account at PNB Hong Kong. That simulates forex coming into the system to at least cover oil purchases. The country was on a hand-to-mouth existence for its forex requirements. The Central Bank also created a fund to guarantee payment of airline tickets at guaranteed rates. The airlines refused to accept the unstable peso for payment. To address the threat of runaway inflation, the Central Bank introduced the so-called Jobo Treasury bills, which paid interest rates as high as 38 percent, to mop up liquidity. However, this may have also contributed to the rise in the cost of goods. They also hoped the high interest rate of the Jobo bills would attract foreign exchange. The economic mess got worse. Stagflation set in and GDP contracted for successive years. As a result many businesses failed. The peso was devalued from P8:$1 to P14 then to P20 from 1983 to 1985. A tough IMF economic stabilization program induced severe recession. The Marcos government had to cut overall government expenditures to reduce deficits. Epilogue: Marcos bankrupted the Central Bank; it had to be dissolved and replaced by the Bangko Sentral ng Pilipinas. Its bad accounts are still being paid for by taxpayers. Young Filipinos should learn from history.
How To Become A Power Trader With PrimeXBT Trading Contests
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I've been working on a day-trading simulator app where TOP3 users could win real tangible prizes every week. What do you think?
We're two software developers who've been experimenting with developing a trading simulator app in our free time for the last couple of months. So far we've solved the main challenges and we see that we could pull this off technically. But... We're wondering if our product idea could be interesting/unique enough to attract a fair amount of users... Would love to hear your feedback. Here's the idea A trading simulator with real-time prices (stocks, forex & crypto) where the three top-performing users receive real money prizes (probably Amazon gift cards) each week. Users can play and participate in the weekly prize contest without any investment or fees. But they can also buy in-app purchases like bigger leverage, more assets to trade with, etc. Later we plan to add educational content as well. *Due to popular demand, here's thesignup page for the beta testing list The problem we could solve As I see it, the main issue with most of the existing paper trading simulators is this: Your trading psychology changes when there's nothing on the line. If you can't lose and/or win anything real - you make completely different choices than you would when trading with real money. And, as we all know, psychology is one of the main aspects a trader has to master. Thus, the average demo account simulation is too far from reality and quickly gets boring. Our app would be as close to the real thing as possible for a simulator, while still being risk-free for the users. Question How do you guys think - should we proceed with this idea or would we be wasting our time? Would you be interested in such a project? Perhaps you have some ideas about what features/angles should such a simulator app have to be interesting enough? Over and out. Updated the post with screenshots as per commentators requests: Trading simulator screens Pattern educational section
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