Dear WenX users, 11.11 is coming soon. Stand a chance to win and trade with zero trading fees by predicting the price of Bitcoin.
Check out for more details:
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Dear Users,
The Bitcoin Cash (BCH) network is scheduled to undergo a hard fork on Nov 15, 7:00 a.m. EST, 2020. Currently, there are two conflicting fork proposals: Bitcoin Cash ABC (BCH ABC) and Bitcoin Cash Node (BCHN). As a result, users holding BCH prior to the fork might receive two new assets in the event of successful fork.
To mitigate potential trading risks caused by possible extreme market volatility during the fork, BitMax.io will make the following arrangements for the consideration of safeguarding users’ assets.
1. BCH Deposits & Withdrawals
BCH deposits and withdrawals will be temporarily suspended starting Nov 14, 9:00 p.m. EST. Please take action in a timely manner and leave sufficient time for the transfers to be fully processed prior to the suspension. BitMax.io will handle all technical requirements for BCH holders on the platform.
2. BCH Hard Fork
There are two possible scenarios regarding the upcoming BCH hard fork:
- If the fork results in two competing chains, BitMax.io will credit users with BCH from the chain with the most work done. The platform will then credit users with the tokens from the minority chain at a ratio of 1:1 based on the BCH balance snapshot on Nov 14, 11:00 p.m. EST, 2020. Further details on the distribution will be elaborated in a follow-up announcement.
- If no new token is created post fork, then BitMax.io will resume BCH deposits and withdrawals ASAP.
3. BCH Cash & Margin Trading
BCH Cash Trading and Margin Trading will NOT be affected.
However, please make note that BCH loan service will be temporarily suspended starting Nov 13, 10:00 a.m. EST, 2020. Existing loans and interests will NOT be affected.
Please take proper measures to reduce potential risk exposure.
Additional Notes:
BCH market might experience extreme volatility before, during and after the fork. Please take precaution against possible risks.
Regarding the timeline to resume deposit, withdrawal and loan service, please stay tuned for further announcement.
User’s snapshot balance will NOT include unconfirmed BCH deposits or pending BCH withdrawals. However, BCH loans and interests will be included in the balance calculation.
We truly appreciate your continued support.
BitMax.io Team
Nov 6, 2020
Official Telegram: https://t.me/BitMaxioEnglishOfficial
Getting rid of an old account since I don't play much anymore. Have verified paypal and reddit, not opposed to a middleman. Account has gladius, freelancer max, dragonfly black 2017 gamescom edition, and the argo mole. Open to bitcoin as well as paypal. Might liquidate the account for store credit and try to sell. Dm me if interested
Please include this mandatory disclaimer
(1) I am "selling" the right to be added as an "Authorized User" to my account, which is allowed as per RSI's 2016 Terms of Service.
(2) I will remain the original owner only in the event that official contact is required from the parent company (CIG).
(3) I understand that my personal information may be permanently retained in the address and billing sections.
I agree to the above clauses and will not attempt to access, recover or tamper with the said account unless it is requested by the Authorized User.
Please note, applying for a refund from CIG is encouraged over account sales. Consider exhausting this option in lieu of risking account termination. See here for help
The 12th anniversary of the Bitcoin white paper, the U.S. election, ETH2.0…
The internal and external environment of the cryptocurrency market is full of uncertainties. This week, the US general election, which the world is paying attention to, is about to come to an end. The financial market has also experienced large fluctuations due to the uncertainty of the election. The three major US stock indexes and the Dow Jones Industrial Index all rose on the voting day. On the third day of the election, Bitcoin broke through $15,000 in a short-term, setting a new annual high.
The cryptocurrency market has entered a very interesting stage. All currencies have fallen except BTC. Altcoins, led by DeFi currencies, are still in dire straits. On November 4th, Ethereum also reported good news. The Ethereum Foundation released the Ethereum 2.0 specification v1.0. Phase 0 of Ethereum 2.0 has really arrived.
Under the double blow of the burst of the DeFi bubble and the black swan incident, investor confidence has been greatly dampened. Many people believe that increased instability may lead to another two-year bear market. Recently, the two major currencies have made efforts to regain investors’ confidence, and cryptocurrency has once again verified its unpredictable charm.
In 2010, 5 USDT = 5 BTC; now 5 BTC = 75,000 USD;
In 2015, 5 USDT = 11 ETH ; now 11 ETH = 4760 USD;
In 2017, 5 USDT = 14 LINK ; now 14 LINK = $154;
US$5 does not seem to be much, but it will depreciate is real world. For the cryptocurrency market, though it looks like a trivial start-up capital, it may give you thousands of times the wealth in the future.
Today, CoinEx join hands with Aryacoin (AYA) to reward our newcomers with 10,000 USDT in total. From 00:00 November 6 (UTC), after successful registration and tasks completion, every CoinEx newly registered user can get 5 USDT as a reward. We will give away a total of 10,000 USDT on a first-come-first-served basis.
Duration:
00:00 November 6–00:00 November 26, 2020 (UTC)
Task List:
1. Register on CoinEx and complete ID Verification. Click HERE to verify.
2. Bind Telegram account and join CoinEx official Telegram group.
3. Cumulative trading volume of AYA (buying + selling) exceeds 10,000 AYA. Click HERE to trade.
Additional Referral Reward:
During the event, all participants can invite qualified freshmen to join this event. In addition to the normal referral reward, if your referred user has completed the required tasks, you will receive 100 CET as an extra reward. Click HERE to get your exclusive referral link.
Notes:
1. Only when the above 3 tasks have been completed can you get our reward.
2. This event is for newly registered users only, and a single device can only receive reward once.
3. CoinEx will give away reward on a first-come-first-served basis. You can follow our Twitter to get the latest updates.
4. CoinEx reserves the right of final interpretation of this event.
Details: https://announcement.coinex.com/hc/en-us/articles/ 360052168051
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Crypto investors can look for liquidity without having to sell their crypto currency using crypto currencies as collateral these days a great way to do things like buy a house ,finance a business,or pay off high-cost debt. In addition ,there may be tax benefits when borrowing finance.
Crypto currencies unlike selling your crypto currency, a crypto or bitcoin backed loan doesn't trigger an income tax event, leaving you a headache-free implementation of your crypto taxes.
Fyeth Finance (yETH). offers crypto loans and bitcoin will be launched in November 2020. It offers the best crypto currency lending service for investors around the world.
2020 is a challenging year, financial markets are in decline due to the COVID-19 pandemic. Things have improved with bitcoin as of October 31, bitcoin hit $ 14,000, a significant jump from the $ 3,600 price drop. Economies around the world are slowly recovering thanks to government intervention. However, the fear of the second wave of the pandemic creates volatility in global markets.
In times like these, crypto currencies like Bitcoin, ethereum ... still stand out as valuable financial assets despite a volatile year. It is an inflation-free digital currency, not dominated by individuals or corporations, but a protocol. With the rumors of traditional financial markets hitting negative interest rates, it's time for crypto investors to continue conserving their assets and increasing productivity by lending their assets and earning money. interest to earn compound interest from the appreciation of crypto currencies.
Crypto currency lending is a type of transaction in which you lend your property and make a profit from it. Convenient transactions by crypto lending platforms that accept deposits in various crypto currencies like Bitcoin, Ether or Stable Coins with a good interest rate. Different but often very competitive interest rates, Fyeth Finance (yETH). with some offer rates ranging from 12% to 18% on income. This is a platform for lending collateral, known as crypto backed loans.
The same principal that allows you to make interest on financial accounts, like savings accounts, also applies to digital assets. When you deposit US dollars into an interest-bearing account, one financial institution then lends your deposit to another party at a higher interest rate. In return for your money loan, you are rewarded with interest payments. This same lending method also applies to digital assets.
Many traders, organizations, and entrepreneurs are constantly looking to borrow digital assets. Such borrowers rely on lenders to deposit digital assets into a profitable digital asset lending platform for the lender. The lender receives the interest payment while the borrower has access to capital.
Fyeth Finance (yETH). not only provides you with a steady rate of interest for your crypto lending, but also a safe and secure method. Fyeth Finance (yETH). is a pioneer in the digital money lending industry and offers its clients not only huge profits,but also advanced security measures.WithFyeth finance (yETH). users will actively earn compoud interest and create passive income on their account balances.
Compounding generates a better return on your deposit, allowing you to increase your holdings over time. Customers who want to profit from their cryptocurrency with other currencies can do so on Fyeth.finance (yETH).
Crypto currencies are currently being considered as a new asset class. As a result, the infrastructure was created to support the crypto industry to thrive and allow banking and financial services to be expanded. According to the update information Global payment giant PayPal has officially entered the crypto market. PayPal customers can use crypto currency to shop at any of the merchants in the company's vast network that began as early as 2021. of digital currency and the application of blockchain technology.
In the era of digital currency revolution, instead of working, you have to let your assets work. Take advantage of earning interest by depositing your digital assets, this is a golden opportunity to allow your assets to work for you and increase your digital assets.
Digital asset loans are a great way to grow your assets. This is a way for beginners to increase their crypto assets with ease.
If we are to let good sense prevail, our legal system is likely to work out a framework for increased regulatory clarity around cryptocurrencies. We are doubtless looking at the ascent of crypto activity in India with a more enthusiastic nod from the center.
Although there is no straightforward answer to this question, we can be certain that cryptocurrencies are not illegal in India. They are, however, frowned upon by the central bank in the country, The Reserve Bank of India. And the RBI isn’t the only central bank which is at odds with cryptocurrencies — let’s take a look at how various countries around the world have responded to the entry of Bitcoin and other cryptocurrencies into the financial system.
There has been a common action across global discourse around cryptocurrencies. Governments have warned their citizens about the pitfalls of investing in cryptocurrency markets. This was at large to remind stakeholders to make the distinction between fiat currencies issued and guaranteed by the state and cryptocurrencies that fall outside their authority. There is also high volatility associated with cryptocurrencies and all transactions or investments are ultimately at personal risk and very little legal recourse is available in the event of a loss. This is not to say that it is impossible for fiat currency and central banking systems to develop flaws — for all those who remember, 2020 saw the Yes Bank crisis which put its users at an inconvenience. RBI’s decision to cap withdrawals at Rs. 50,000 caused panic among the general public and deposit holders in Yes Bank.
We must bear in mind that at its genesis, Bitcoin was formulated as a result of disillusionment with the conventional banking system which had failed its users, especially following the 2008 global meltdown.
In 2009, a pseudonymous person or entity called Satoshi Nakamoto published the white paper on Bitcoin, bringing into use and common parlance a system of transacting money on a decentralized, peer-to-peer network supported on a technology called cryptography. In the past few years, cryptocurrencies have become ubiquitous, causing national and regional authorities to grapple with their regulations. Countries around the world have responded variously — from banning citizens from engaging in any crypto activities to developing their own system of cryptocurrencies.
Algeria, Bolivia, Nepal, Pakistan, Morocco and Vietnam, for example, ban all activities involving cryptocurrencies. But some, while not recognising Bitcoin or other cryptocurrencies as legal tenders, see potential in the technology behind it. Spain, Luxembourg and Belarus, for example, have developed a crypto-friendly regulatory regime as a means to attract investment in tech companies which thrive in this sector. Qatar and Bahrain bar their citizens from engaging in crypto activity locally but allow them to do outside beyond their borders. Countries like Bangladesh, Iran, China and Thailand do not bar their citizens but pose indirect restrictions to regulate crypto-trading.
Here’s a chronology of India’s regulatory evolution with respect to cryptocurrencies.
Cryptocurrency as a medium of payment is not recognised under Indian law, and specific regulations governing virtual currencies are yet to be fully fleshed out in the country. The RBI, however, hasn’t declared dealing in cryptocurrencies as illegal and nor can it maintain the ban on financial services firms from trading in virtual currencies. There are thus a few entities in India which offer Bitcoin exchange platforms which enable millions of users to buy, sell, store, use and accept Bitcoins, such as Unocoin, Zebpay and WazirX.
With reports of the Indian economy having shrunk by 25.5% in the first quarter of this fiscal year, we can hardly afford to pull the plug on cryptocurrencies, which have the potential to enable social and economic growth throughout the world, including India, by offering easy access to capital and financial services. Moreover, earlier this year, as Vatsal Gaur has argued in the YourStory piece “Why the Government should regulate and not ban cryptocurrency”, banning cryptocurrency would negatively impact early-stage startups from raising funds. An Initial Coin Offering (ICO) is one way for early-stage startups to raise funds.
The center is evidently aware of this and there has been progress since the Supreme Court’s decision in March 2020. The Government of India is reportedly discussing a regulatory framework for cryptocurrencies with the Central Bank, the RBI and the Securities and Exchange Board of India (SEBI). If we are to let good sense prevail, our legal system is likely to work out a framework for increased regulatory clarity around cryptocurrencies. We are doubtless looking at the ascent of crypto activity in India with a more enthusiastic nod from the center.
Fear n greed index is at 90 out of 100....
Last time we were this high June 2019... Btc was 13-14k. Six months later Dec 19 btc was7k.
90 is extreme greed and overbought....
There is only one direction when it gets this high...
Expect a correction.
https://alternative.me/crypto/?daily_hash=ff3fd414fc4c8bd4a15f401a56e86e76a8020893
Here is a good summary of how to understand the index.
