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Tuesday, December 20, 2022
🚨 BITCOIN!!! CRAZY UNEXPECTED TURN of EVENTS!! NO ONE'S READY to BELIEVE...
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CoinSmart: Canada's Most Trusted Crypto Trading Platform
CoinSmart is a popular choice among Canadian crypto users. In this CoinSmart post, we'll go over the features, security, and fees to help you decide if this is the right platform for you. If you're curious to learn more about CoinSmart information be sure to read the full post.
CoinSmart is based in Toronto, Canada, and has attracted users from across the world. It was founded in 2018 by Justin Harzman as well as Jeremy Koven.
When they found it difficult to fund and get verified on other exchanges. They wanted to provide a reliable exchange that was both beginners friendly and easily accessible to Canadians. The result was CoinSmart, a crypto exchange that offers fast verification, a user-friendly interface, bank-grade security, and many options for funding in different fiat currencies.
It has grown to be one of the most popular options for Canadian users over the years. Its market presence has expanded, with access to over 40 countries and an increase in trading volume. CoinSmart stock is also available on the Canadian exchange market, which provides additional liquidity and security.
CoinSmart is a digital currency trading platform that offers a simple, intuitive, and convenient way to buy and sell cryptocurrencies. The company’s mission is to make cryptocurrency trading accessible to everyone, regardless of experience or location.
Take All Popular Digital Products and Services for Your Projects
Features:
CoinSmart Canada as a digital trading platform provides a wide range of features and services. All of them are aimed at providing a better experience for users, whether they are new to trading or have been doing so for years.
Same-DayDeposits:
This is one of the company’s most important selling points. It claims that all deposits are processed almost instantly, allowing you to start trading right away. You won’t have to wait days or weeks to get your hands on your coins. Withdrawals take a little longer, with a processing time of 1-5 days.
Multiple Funding Methods:
CoinSmart supports Interac, SEPA, wire transfers, and e-transfers as funding methods. For CAD, you can use Interac Money Request and Wire Transfer. They only offer Wire Transfers for US Dollars. And for Euro, you can use SEPA and Wire Transfer.
All deposits are processed and added to your account the same day,
they are received in the CoinSmart bank. The withdrawal processing time can range from 1 to 5 business days, depending on the sending and receiving bank transfer times.
Track Your Trading Activity:
Most investors like to keep track of their progress and performance. CoinSmart’s platform allows you to do just that. You can view your balance, portfolio, and trade history with CoinSmart Dogecoin and other cryptocurrencies all in one place.
Simply select the Activity tab after logging in to the website or the CoinSmart app, which can be downloaded from the App Store or Google Play.
Smart Guarantee:
This is essentially an insurance policy that guarantees that all deposits will be credited to your account on the same day they are received. Besides this, all cash withdrawals will be processed within 1-5 business days, and account verifications will be completed on the same day.
This guarantee should provide users with peace of mind when using the platform. It’s one of the ways CoinSmart distinguishes itself from other exchanges.
Smart Trade:
This feature is used to trade from one altcoin to another. All you have to do is specify the amount you want to trade, and the currencies you want to trade between. You won’t have to first trade in Bitcoin or Ethereum tokens and then convert them to the currency you want.
You can buy any of the digital currencies using Canadian dollars or euros in the SmartTrade section.
Smart Support:
The fact this platform is the only crypto exchange that offers 24/7 customer support speaks volumes. If you have questions or problems, please contact SmartRep via email or live chat, and they will assist you in resolving the problem as soon as possible.
You can also find answers to your questions by visiting their comprehensive F A Q section or the GetSmart Hub.
Smart Security:
Any crypto exchange’s top priority is to prevent fraud and protect user funds. CoinSmart takes security seriously, employing multiple layers of security.
For starters, two-factor authentication is used to protect all user accounts. This means that even if someone were to hack your account, they could not access it unless you gave them permission.
All coins held on the platform are kept in cold storage. This means they aren’t connected to the internet and, as a result, are much less vulnerable to hacking.
There’s also a comprehensive risk management system in place to protect user coins. This system monitors activity and flags any suspicious behavior. If there’s ever any doubt about the safety of user funds, the transaction will be frozen until it can be investigated.
Advanced Trade:
This feature is designed for more experienced investors. It enables you to use limit orders, stop losses, and real-time charting, all of which can give you an advantage in the market.
Besides that, CoinSmart Premium users receive Over-The-Counter (OTC) trading services to fill large orders, brokerage, and VIP access to exclusive CoinSmart events.
Variety of Cryptocurrencies:
In a rapidly growing market, it’s important to have a platform that supports a variety of coins. CoinSmart currently supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar, EOS, USD Coin, Cardano, Dogecoin, Polkadot, Shiba Inu, Chainlink, Uniswap, Solana, Polygon, and Avalanche. This extensive list of currencies is admirable, as other platforms such as Shakepay only offer two options.
You can use your CoinSmart wallet to store, buy, sell and trade cryptocurrencies. In general, it is a detailed interface and report center that allows you to track your progress and activity. The platform is also very user-friendly, making it an excellent choice for those who are new to the cryptocurrency exchange.
Referring Friends:
Earn money by referring friends. Simply create a CoinSmart account, verify it, copy your referral link, and share it with people you know. When they make a fiat deposit, they will receive $15 CAD, as will you. Within 5 business days, the $15 credit will apply to both accounts.
Grayscale May Liquidate 600,000 BTC Holdings Following SEC Opposition To ETF
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Grayscale Investments may offer to buy up to 20% of Grayscale Bitcoin Trust (GBTC) shares. This is a move the company hopes will close the gap between the GBTC share price and the company’s underlying Bitcoin holdings.
Grayscale Can’t Act Independent Of Investors
The Wall Street Journal released a letter by Grayscale CEO Michael Sonnenshein urging that Grayscale would consider issuing a tender offer should the Security and Exchange Commission (SEC) and shareholders give their approval. Being a close-ended fund, GBTC shareholders can only liquidate their holdings on the open market.
Under the Williams Act (part of the Securities Exchange Act of 1934) that governs tender offers in the US, an investor tendering for a security must disclose their source of funds, legal agreements related to the offer, and reasons for the offer.
If the company cannot return GBTC shareholders funds, it will continue to offer the tender until it’s converted to an ETF.
Sonnenshein wrote to investors:
In the event we are unsuccessful in pursuing options for returning a portion of the capital to shareholders, we do not currently intend to dissolve GBTC, but would instead continue to operate GBTC without an ongoing redemption program until we are successful in converting it to a spot bitcoin ETF.
Grayscale is currently embroiled in a lawsuit with the SEC after its application to convert GBTC to a spot Bitcoin ETF on June 29, 2022.
The letter by the CEO was an attempt to ease shareholder concerns after a turbulent few months across the crypto market.
ETF Conversion Seems To Be Only Option
As it stands, Grayscale doesn’t have a specific timeline for when it may explore other options apart from the ETF conversion.
The lawsuit seems to be a long-drawn battle. Grayscale filed its opening brief against the SEC on Oct. 11, 2022. In response, SEC filed a brief on Dec. 13, 2022 denying Grayscale’s accusations that its rejection was discriminatory and arbitrary.
The firm has until Jan. 13, 2023 to respond. Afterwards, a three-judge panel will be selected to listen to oral arguments and rule on the case.
Grayscale’s Bitcoin Trust has roughly $10.78 billion or 633,000 BTC in assets under management. The fund has failed to meet its goal, and it’s currently changing hands at a 48.8% discount to Bitcoin.
Source: YCharts
Sonnenshein didn’t clarify if the business may later sell off its Bitcoin holdings. However, a market dump like Grayscale could see Bitcoin crashin to a fresh yearly low.
Grayscale selling off its Bitcoin stash could also drive down confidence in crypto as significant liquidations for those engaged in Bitcoin derivatives markets. This would hurt crypto volumes, and send a bearish crypto market further down.
Could A Litecoin Fractal Foretell A New Bull Trend In Crypto?
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The cryptocurrency market continues to feel the darkness of crypto winter, but it could be Litecoin bringing the blossom of a new bull trend, according to a an eerily similar fractal found in LTCUSD daily price charts.
The fractal pattern developed following the most recent pullback, and appears to have a similar structure to a major bull market breakout. Could this be the light at the end of the tunnel for cryptocurrencies?
Hawkish Fed Dims Litecoin Rally, But A Fractal Gives Hope
After a stellar month leading the market with 40% returns for November, Litecoin has given back nearly half of that thus far in December.
LTC had been on a tear, outperforming top coins like Bitcoin and Ethereum, and clawed its way closer toward making it back into the top ten cryptocurrencies ranked by market cap.
But the greater market pullback stemming from a hawkish Fed meeting this month, caused a failure to liftoff in Litecoin.
However, the discovery of a price action fractal in LTCUSD could suggest this recent pullback wasn’t necessarily a failure, but a refueling of sorts — before taking off in an even stronger rally.
Comparing Price Action Then Vs Now: Will Bulls Get A Break?
The fractal begins on Black Thursday in March 2020 — a black swan event few saw coming. Litecoin rebounded and the fractal formed.
Unlike Bitcoin, which made a lower low during the FTX, LTCUSD hasn’t, and instead has followed the same pattern from 2020 almost flawlessly.
Price following the fractal further could lead to some minor continued downside, but ultimately holds at resistance turned support. If the current pullback proves to be a retest and holds, a more obvious rally could materialize.
Failure would almost certainly send Litecoin back toward 2018 lows and potentially beyond, making the fractal among one of Litecoin bulls’ best hope for a redemption rally.
Importantly, a concurrent reversal taking place in the LTCBTC and LTCETH trading pairs appear to indicate strength in the altcoin relative to the top two crypto assets. However, there is no telling what this might mean for the overall market at this time.
Cryptoverse: Farewell to the year when bitcoin crashed
Cryptoverse: Farewell to the year when bitcoin crashed
https://coinunited.io/learn/cryptoverse-farewell-to-the-year-when-bitcoin-crashed
The year finishes with it slouched in an alley, having been cheated out of its brew of cheap money and leveraged bets and despised by the mainstream. As interest rates rose, people became less willing to take risks, and companies like Sam Bankman-FTX Fried's went bankrupt, the whole cryptocurrency market shrank by $1.4 trillion, causing the leading cryptocurrency to lose 60 percent of its value. Data from digital asset management CoinShares shows that net inflows into crypto funds have dropped to $498 million in 2022 from $9.1 billion in 2021, a trend that reflects the fact that traditional financial institutions have avoided the market during its annus horribilis. According to UBS's director of FX strategy, James Malcolm, 70% of his time in the first half of the year was spent discussing crypto with customers. As a counterpoint, "I spent less than 2% of my time talking crypto" over my 10 days in North America last month, which stretched from Montreal to Miami. Until the price drop in November of last year, conventional institutional investors didn't consider cryptocurrencies as a viable investment option, Malcolm noted. Now it's totally in the far future. But it hasn't all been awful for crypto: in September of 2022, the Ethereum blockchain completed its "Merge" mega-upgrade, switching to the less energy-intensive "proof of stake" mechanism. Anthony Georgiades, co-founder of the Pastel Network blockchain, described the event as "a technological marvel" and "one of the lone positive occurrences in a year that otherwise has been very bleak for crypto." It's difficult to be pessimistic about crypto in 2023 in light of all this growth." Chief investment officer of IDX Digital Assets Ben McMillan cited the growing acceptance of blockchain-based products like as decentralized exchanges and decentralized finance as a significant trend in 2018. As a result, "it is highly bullish for the ecosystem and something to keep an eye on long-term," he said. Fiscal and monetary assistance from nations throughout the world to fend off the economic devastation from COVID lockdowns pushed Bitcoin to a record high of $69,000 in November 2021, with the crypto market exceeding $3 trillion. But when society began to function again, investors fled higher-risk assets like tech stocks and cryptocurrencies as central banks raised interest rates to combat rising inflation. Bitcoin, which had been touted as a useful store of value in times of inflation due to its restricted supply, failed the test, with investors instead opting for tried-and-true havens like the dollar when rates rose. The decline in January was almost 33%, which was much steeper than the 8% drop in U.S. stocks. They have never lived through a downturn or saw asset rates increase, "Director of Research at Arca Digital Assets Katie Talati remarked. The big projects were under money as investors abandoned crypto. Both the "stablecoin" terraUSD and its sister coin, luna, were the first to be compromised. The value of Bitcoin and other tokens crashed by more than half in the 49 days following the end of May. Bitcoin dropped more over 15% in a single day in June, its largest one-day percentage drop since March 2020's COVID turmoil roiled global markets.
In the realm of crypto, 2022 has been a disaster. This was "the year when the leverage-inflated bubble broke, showing the fundamental flaws of a sector that had grown too big, too quickly," as economist Noelle Acheson described it.
ILPT Request: Is idgod.ph or idgod.org more trustworthy? And is it safe to pay with debit card?
So far, my online research has shown positive and negative reviews for both, but lately more positive for idgod.ph. Anyone have any recent experience with idgod.ph? Needs to be shipped to US btw, so I'd rather not have the maker be based in China (idk if one or both of them ship from China). Lastly, I don't have bitcoin or any crypto payment method or a credit card; I just have a debit card. Would the money in my account be safe in the event that the site is a scam (as in they can't drain my account in any way)? Thanks in advance for any help.
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