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Trading volatile cryptocurrencies is no easy task, but the dollar-cost averaging (DCA) strategy holds the key to addressing timing challenges and reducing risk. Cryptocurrencies attract a lot of investors due to their high volatility, but this also poses a significant challenge. The most difficult part of investing in crypto is finding the best time to enter the market. Ideally, the plan would be to buy low and sell high, but the extreme volatility makes it impossible to enter at the right time on a regular basis. However, there is a tested strategy that has been used by investors in traditional markets. It’s called dollar -cost averaging (DCA), and it can be applied to crypto assets like Bitcoin (BTC). The main rule of the strategy is to allocate a fixed amount of money at regular intervals, regardless of the current price. Thanks to the DCA approach, investors can mitigate the impact of market volatility. DCA allows them to buy more crypto when prices are low and less when prices ...

Binance has received an MVP operational license from Dubai regulators, enabling it to serve institutional and qualified retail investors.  Binance FZE, a subsidiary of Binance, has obtained an operation al Minimum Viable Product (MVP) license from Dubai’s crypto regulator, the Virtual Asset Regulatory Authority (VARA), according to a blog post. Earlier Binance got a provisional MVP license and a preparatory MVP license in May 2022 and September 2022 respectively.  You might also like: Binance and CZ file motion to dismiss CFTC’s lawsuit With the latest approval, Binance can provide exchange and broker-dealer services to Dubai residents, starting with institutional clients and qualified retail investors.  “With this operation MVP license, all users onboarded through this platform can expect access to a trusted and regulated service that prioritizes security alongside compliance with highly specialized, tier-one virtual asset regulations under VARA. Bin...

Bitcoin’s price action remains lackluster, but select altcoins are showing signs of breaking out of their respective resistance levels. The 25 basis point rate hike by the Federal Reserve on July 26 and the subsequent commentary by Fed Chair Jerome Powell failed to catapult Bitcoin (BTC) out of its range. This suggests that the event did not have any surprises and the outcome was already priced in by the markets. The crypto markets continued their lackluster performance on July 28 after the United States Personal Consumption Expenditures (PCE) Index print came in lower than analysts’ expectations. The PCE is the Fed’s preferred inflation metric hence it is watched closely by market observers. Daily cryptocurrency market performance. Source: Coin360 Although the near-term price action has kept the traders guessing, it is important to keep an eye on the long-term crypto story. Standard Chartered head of crypto research Geoff Kendrick said while speaking with CNBC that he expects Bitcoi...

A savvy crypto trader has turned an initial investment of 81.158k Chainlink (LINK) into 641k USDC within a month , resulting in a $200k profit . According to a tweet by Spot on Chain, a trader has consistently demonstrated an ability to pinpoint the exact points to  ‘buy low and sell high,’ culminating in a $200K profit within just a month. The trade involved swapping 81.158k LINK for 641k USDC. A smart trader swapped 81.158K $LINK to 641K $USDC 2 hours ago and made a $200K profit in just 1 month. He is good at trading $LINK, always buying low and selling high at the right time, and made more than $1M in the past. Detail below pic.twitter.com/HAk41AgX4s — Spot On Chain (@spotonchain) July 28, 2023 The trader ’s success can be traced back to long-term investments in LINK. Accumulating 321.599k $LINK at an average price of $1.8 in 2018 and 2019 laid the foundation for future gains. In 2022, additional investments in LINK were made, leading to a substantial profit of...

More Crypto Legislation Clarity With Payments Stablecoin Bill The Clarity for Payments Stablecoin bill seeks to create a thorough legal framework for stablecoins , a class of cryptocurrency intended to reduce price volatility by being backed by tangible assets. The bill’s adoption is particularly important as the cryptocurrency industry continues to grow quickly to address concerns about consumer protection, financial stability, and possible threats posed by these digital assets. advertisement The bill overcame initial criticism and received strong support from both sides of the aisle with a decisive 34-19 vote in favor. Notably, five Democrats emerged as the bill’s most important backers, ensuring its demise with their votes in favor. Reps. Himes, Gottheimer, Meeks (D-NY), Torres, and Nickel are the legislators responsible, and their coordinated effort was crucial in moving the bill ahead. The Bill was introduced by Chairman Patrick McHenry. Also Rea...

ECB Decides On Hike Rates Given that economic data suggest that the main interest rate is faltering and that loan demand has fallen to a historic low,  people expected that the ECB will most likely raise its primary interest rate (the deposit rate) to 3.75%. advertisement The rapid increase in rates may have a negative impact on the expansion of loans in the euro region and, consequently, on economic activity. In a quarterly poll released on Tuesday, the ECB noted that “Firms’ net demand for loans fell strongly in the second quarter of 2023, dropping to an all-time low since the survey’s inception in 2003.” Due to the euro zone’s less developed and liquid capital markets than those of the United States, banks dominate how the economy is financed. According to ECB Chief Economist Philip Lane , the tighter monetary policy is having a quick impact, especially on bank loans. Also Read: Hong Kong Central Bank Collaborates With Saudi...

Shiba Inu, a notable meme coin and the second largest in the cryptocurrency market has garnered significant attention. The development team has been actively engaged in initiatives like the Shiba Inu Burn Rate program, reflecting their dedication to the coin’s progress. The Shiba Inu burn rate has been subject to fluctuations, with some days witnessing higher numbers while others show a decline. However, in recent times, the burn rate has displayed relative stability, with a consistent daily burn ing of millions of SHIB tokens. Also read: Shibarium Hits Record High While 49 Billion SHIB Change Hands by Whales According to the latest details from Shib burn , the SHIB burn rate has surged by 103% amidst slumping market conditions. SHIB Burn rate soars by 103% Shib burn data shows that 25,433,809 SHIB have been sent to dead wallets in the last 24 hours. Several small and big transactions contributed to the rise in burn rate during this period. The spike in t...

Chainlink [LINK] has gained significant attention in the crypto industry due to its recent notable surge. The altcoin experienced a remarkable 21% increase over the past 30 days, with a 9.5% gain in the last seven days, approaching the $8.50 mark. At press time, LINK is trading at $7.51, with relatively stable movement and no significant surges or declines. This sudden upward trend has led to heightened activity in the LINK market. According to IntoTheBlock’s data, there has been a notable increase in the activity of new addresses for Chainlink, signifying a growing adoption of the cryptocurrency. Additionally, the network achieved a significant milestone by recording the highest on-chain volume of $350 million this year. Source While all these indicators are undoubtedly bullish, there are several other signals pointing to the potential entrance of bears into the LINK market. Also Read: Chainlink Registers Largest On-Chain Volume in 2023 with $350 Million Are LINK tra...

Last month, Multichain chief exec Zhao Jun was detained and ultimately arrested by Chinese law enforcement. His team avoided admitting to the dire straits for as long as they could, but eventually conceded that the man who basically controlled the DeFi protocol was in the hands of the Chinese authorities. Given the ‘decentralized’ protocol’s highly centralized nature, fellow executives have decided to shut down Multichain . But while many industry insiders were shocked by this turn of events, they shouldn’ t have been:  it’s all happened before . Laundering, evasion, and overconfidence Back in 2018, one of the biggest names in Crypto currency in China was Zhao Dong, a Bitfinex shareholder, founder of the VC fund D Fund, and owner of a Crypto currency exchange called RenRenBit. From time to time, the wealthy executive had run-ins with foreign law enforcement, but there was no reason to foresee problems for Dong or his slew of high-profile investments — which i...

Fumio Kishida described Web3 as a "new form of capitalism" in a keynote address at WebX conference in Japan. Japananese prime minister Fumio Kishida reaffirmed the country’s commitment to foster the Web3 industry, highlighting its potential to transform the internet and kindle social change.  Kishida made the comments in a keynote address on day one of the WebX conference in Tokyo, Japan as initially reported by local media outlet CoinPost. On the same day, Binance CEO Changpeng Zhao announced the cryptocurrency exchange would launch its services on a new Japanese platform in August 2023. Japanese Prime Minister Fumio Kishida addresses at #webx “Web3 is part of the New Form of Capitalism” pic.twitter.com/Q3XFFQIRzb — WebX 2023 (July 25-26) (@WebX_Asia) July 25, 2023 Kishida highlighted Web3’s potential to drive innovation across industries and highlighted the event’s role in bringing industry players to Japan to drive collaboration: “I hope that the Web3 industry wil...

The anonymous Bitcoin whale is up over 600,000% from their 2011 purchase of BTC at $4.92. A dormant Bitcoin (BTC)  wallet holding over 1,037 Bitcoin — worth $31 million at current prices — has suddenly awoken after an 11-year slumber, transferring out its entire stash.  The 1037 BTC was transferred amid a Bitcoin price of $29,956 and took effect at block height 799701 — approximately 10:51 am UTC on July 22, according to BitInfoCharts. The long-dormant address obtained the 1,037 BTC on April 11, 2012, when BTC's price was only $4.92, on-chain analytics platform Lookonchain stated on July 22. This means at the time, the stash was only worth around $5,108. A BTC whale that has been dormant for 11 years transferred all 1,037.42 $BTC($37.8M) to a new address"bc1qtl" an hour ago. The whale received 1,037.42 $BTC($5,107 at that time) on Apr 11, 2012, when the price was $4.92.https://t.co/k8ZmO5vc8X pic.twitter.com/xBaw2dQfY8 — Lookonchain (@lookonchain) July 22, 2023 Data...

Discover the contrasting functions of DApps and protocols in the blockchain world, and gain insights into how they contribute to the growth of decentralized technologies. In recent years, the rise of blockchain technology has paved the way for groundbreaking innovations in the realm of decentralized systems. Among the revolutionary concepts are decentralized applications (DApps) and protocol s. While both are integral components of the decentralized ecosystem, they serve distinct purposes and play different roles. This article explores the contrasting characteristics of DApps and protocol s, shedding light on their respective functionalities and importance in the world of decentralized technologies. Understanding DApps Software programs that run on a decentralized network of computers rather than a centralized server are known as decentralized applications or DApps. They make use of blockchain technology to guarantee immutability, security and transparency. Like traditional applicatio...

Lately, the Shiba Inu [SHIB] ecosystem has witnessed a rise in large transactions. While many of these transactions have been advantageous, with whales accumulating more tokens ahead of Shibarium, bankrupt crypto broker Voyager took a contrasting path. An astonishing 320 billion SHIB tokens were allegedly drained from the firm’s wallet. The massive volume of 320 billion SHIB tokens withdrawn from Voyager has an estimated value of about $2.5 million based on current SHIB prices. This significant outflow represents the third-largest withdrawal of SHIB tokens since Voyager allowed its clients to make withdrawals on June 23. Earlier this month, the bankrupt company moved a total of 511 billion tokens. Back in June, the firm moved 25 billion tokens into a new wallet. In contrast to typical days, large transactions were not prominent at the current time. Data from IntoTheBlock revealed a significant 63.75% decrease in large transaction volume in the SHIB market, with the total volum...

Also Read: Billionaire Novogratz Asks SEC Chair, White House To Act Right advertisement The court filings suggest that Twitter reportedly asked the court to terminate the consent order which was served to it last year. This comes after Elon Musk bought Twitter and took a series of actions including thousands of employees and cost cutting. It has raised many questions regarding the social media platform’s resources to comply with the FTC consent order. (THIS IS A DEVELOPING STORY) Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read Top Crypto Marketing Firms / Agencies 2023; Here’s Be...