In the crypto industry, there exists a whole idea of a market reset. It happened by way of the bankruptcy of the Mt.Gox bitcoin exchange, The DAO hacking, the ICO bubble burst, as well as the collapse of the crypto market in March 2020. Each of these resets were accompanied by severe drawdowns in the entire crypto market, but ended up in the implementation of groundbreaking solutions and new price ceilings for numerous crypto-assets.
“What about this Pairs trade?” is a new format of introductory articles created by RevenueBot. Every week we will be providing you with updates on a new trading pair that has reached the top, according to the transactions completed through the platform. In addition to providing information about the token, we will also check the trading pair in a bot simulation and see how much of a profit the trader could have made on it, over a period covering the past 60 days.
Bitcoin entered an oversold zone, where the hash rate begins to go offline, as expected – the low BTC price compared to mining costs will compel miners to suspend bitcoin mining until its price regains its footing.
Continue reading “BTCUSD exchange rate forecast for June 13 — 19”
Friday, 10th of June. As the week comes to an end, we can focus on the highlights of the crypto industry over the past few days.
Continue reading “Last Week’s Cryptocurrency News. Friday, June 10”
Numerous cryptocurrencies and tokens appear every day. Some of them are of a practical nature, which means they perform some sort of function. Others, on the contrary, have a purely entertainment purpose and may be in demand only due to the strong buzz around the project. RevenueBot has highlighted a few coins to watch out for.
Continue reading “Promising coins #9 – a RevenueBot Editor’s Pick”
A lot of trading platforms require mandatory identity verification after registering an account. If you don’t complete this step, you will be prevented from using most of the platform’s features.
Continue reading “Identity verification in crypto exchanges and the purpose of it”
“What about this Pairs trade?” is a new format of introductory articles created by RevenueBot. Every week we will be providing you with updates on a new trading pair that has reached the top, according to the transactions completed through the platform. In addition to providing information about the token, we will also check the trading pair in a bot simulation and see how much of a profit the trader could have made on it, over a period covering the past 60 days.
Over the last week, the flow of miners entering exchanges was at its peak since January, which is a sign that they are seeking to sell the mined BTC. The drop in the price of bitcoin is putting a strain on the profitability of BTC miners, forcing many of them to trade their BTCs as soon as they are mined to cover transaction costs.
Continue reading “BTCUSD exchange rate forecast for June 6 — 12”
Friday, June 3rd. As the week comes to an end, we can focus on the highlights of the crypto industry over the past few days.
Continue reading “Last Week’s Cryptocurrency News. Friday, June 3”
Numerous cryptocurrencies and tokens appear every day. Some of them are of a practical nature, which means they perform some sort of function. Others, on the contrary, have a purely entertainment purpose and may be in demand only due to the strong buzz around the project. RevenueBot has highlighted a few coins to watch out for.
Continue reading “Promising coins #8 – a RevenueBot Editor’s Pick”