• Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
  • Crypto Briefing
  • CoinJournal: Latest Bitcoin, Ethereum & Crypto News
  • LocalCoinSwap
  • News
  • NewsBTC
  • bitFlyer Europe
  • CryptoSlate
  • CryptoPotato
  • Cake DeFi Blog
  • Error
  • CoinSutra Blog: Cryptocurrency Guides & Tutorials – CoinSutra – Bitcoin Community
  • Crypto Mining Blog
  • BNC insights feed
  • Cryptogeek
  • GMT Price Prediction – Is the $0.73 High of September Under Threat?
  • 101 Blockchains
  • CryptoNinjas
  • Error
- BtcCasey
POS Giant Clover Teams Up With Strike To Bring Bitcoin’s Lightning Network To Millions Of Merchants

A 90-day trial period kicks off Clover’s integration with the Bitcoin Lightning Network, enabling faster, cheaper payments at merchants.

Strike CEO Jack Mallers has taken to Twitter to announce that Strike is now an integrated partner with payments giant Fiserv, parent company of Clover. Subsequently, Strike has launched a pilot integration with Clover allowing merchants to accept bitcoin over the Lightning Network.

According to his announcement, the integration is not limited to Strike. Instead, merchants will be able to accept Lightning payments from any source — “From Cash App to a node over Tor. If it can make a Lightning payment, you can use it,” Mallers stated on Twitter.

Mallers clarified that this rollout is part of a 90-day trial period, which will involve measuring the speed and cost of facilitating transactions using the new integration. In addition to that, the amount of business that integrating Lightning brings to merchants will be closely monitored.

After the pilot, Strike aims to enter the Clover app store, and afterwards, direct integration into Clover. This would enable Lightning by default for all Clover merchants, putting it right next to card networks like Visa and MasterCard.

“Ultimately, these payment giants want to see Lightning in action,” Mallers said on Twitter. “They want to feel it, touch it, and see people use it. An open, instant, cheap, inclusive, and innovative payment network seems too good to be true. Time to show Lightning is the world's superior payments rail.”

The trial period is now active and Clover merchants can reach out to Strike in order to enable cheaper, faster payments using the Bitcoin Lightning Network.

- BtcCasey
BitPay Announces Partnership With MoonPay, Removes Bitcoin Trading Fees For Limited Time

BitPay’s partnership with MoonPay is set to offer a superior buyer experience for those looking to purchase cryptocurrencies on the BitPay platform.

BitPay and MoonPay, leading bitcoin and cryptocurrency payments infrastructure providers, have partnered “to provide BitPay users with significantly increased ways to buy cryptocurrency instantly, and at great rates.”

“BitPay’s unique marketplace experience also presents multiple rates for buyers, ensuring they receive the best possible price for their cryptocurrency purchases,” the press release states. “Additional benefits of the integration include fast delivery to any owned wallet address, as well as the ability for buyers to pay with their preferred method, including credit card, debit card, Apple Pay, Google Pay or a variety of local bank transfer methods.”

The announcement also states that for a limited time, BitPay users will be able to purchase bitcoin with no fees. Those seeking to access the MoonPay integration can do so at or on the BitPay Wallet app.

Bill Zielke, CMO of BitPay, said in the press release that, “BitPay’s partnership with MoonPay brings together two leaders of the crypto payments space to give BitPay users near-instant access to cryptocurrency.”

Echoing that statement, Harry Peatson, partner account manager at MoonPay, explained that, "This partnership will provide users with a greater variety of ways to buy cryptocurrencies, allowing them to use their preferred buying methods, and with much greater speed of delivery than previously."

- Jimmy Song
Fiat Debases Belief, But Bitcoin Makes Us Human

Enslaving us with debt and inflation, the fiat system replaces sincerely-held beliefs. But Bitcoin gives us the chance to be human again.

This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience.

We need beliefs. Belief is something that we live for, something that informs our morals, something that defines our metaphysical existence. We need belief because we need purpose. Belief is a necessary part of a fulfilling life and, traditionally, people valued their beliefs more than anything else. Sadly, fiat money debases our beliefs the same way Nickleback debases music and Joel Osteen debases Christianity.

The end result of fiat money is that those who win don't believe in anything, at least in any traditional sense. And if you don't believe in anything, you are a nihilist. You're probably nodding along because the people in power seem very much like the inner party leaders in George Orwell's “1984.” They change their beliefs to whatever the authorities tell them and do it on command. Heck, we saw that in real time during the COVID-19 pandemic.

That's the topic of this essay: What happened? And how is it that so many people are so willing to change their beliefs so quickly under government command? How did so many people, especially members of the media, academics and bureaucrats of all types, become sycophantic yes-men to what the government told us to believe?

Fiat Obsession

Fiat money makes us obsessed with money. It does this by causing us to pay way too much attention to it.

Because fiat money is continually being debased, people with any wealth at all are forced to invest their money to keep up with that debasement. The more wealth you have, the more obsessed you have to be. The moderately wealthy research stocks and real estate. The truly rich have to research venture funds, private equity and special-purpose acquisition companies (SPACs). Speak with any rich person and they're most likely to talk about the deals they're involved in because this is pretty much the only thing that they truly believe in. The only way to stay rich in a fiat economy is to really be obsessed with money and get involved in Cantillon games, leaving very little room for genuine beliefs. Fiat money rewards cowards who conform to those who align with it and those are the people who get really rich. Ideological diversity is about as welcome in those places as Barry Silbert at the Gemini offices.

On the other end of the scale, those with no savings are bombarded by offers of debt. Loans and credit are readily available, so those without savings have the option to bring consumption forward. When combined with advertising, propaganda and a lack of savings vehicles, consumption becomes conspicuous. Unfortunately, that enslaves people for many years, possibly their whole lives, as the debt can be rolled over and consumption generally only goes up. Principles and beliefs and well-nigh everything gets sacrificed to serve the debt. Like an overweight person always waiting until tomorrow to start their diet, the cycle of debt puts genuine belief on hold.

Either way, under a fiat system, the only belief most people end up serving is that of the primacy of money. Sadly, money is a terrible and all-consuming god that requires the sacrifice of everything that makes life meaningful.

Anything For Money

The primacy of money has meant that other beliefs are put on the back burner, made to be less important and generally debased. In biblical times, tax collectors and prostitutes often made way more money than other people in the economy. Yet they were considered lower than scum. Why? Because they violated something that was more sacred than money: community morals and community belief. To violate those was to violate who you were.

This isn't an isolated occurrence. In most times and places, it was considered completely dishonorable to make money at the cost of the community. If you made money through grifting, you might have money, but your reputation would be in tatters and many people would not trade with you. It was considered completely unacceptable to take other peoples’ property through deception, or by hurting the community in some way. Nowadays, that's just called marketing. So what changed?

Debasement Of Politics

Fiat money debases communities because it makes communities completely reliant on its central control and, thus, its benevolence. Even the most tyrannical monarch of the past couldn't control the money to the extent that central banks can today. Central banking was the fifth plank of the “Communist Manifesto” for a reason. Karl Marx recognized money's integral function in any community and wanted to control it. It's not a coincidence that the most debased communities, the ones whose very cultures were completely supplanted, were the totalitarian ones in the 20th century. We are all zombies to the necromancing of the central bank.

People used to believe in things and were willing to fight for them, especially against oppression. This was what led to the spirit of 1776. Belief was what held that community together.

Yet, looking at the state of politics today, it's pretty clear that most fights are fights over money and power, not over belief. Fiat money is so powerful that it's become the only thing to fight for. Belief has taken a back seat to the power to print money. Naturally, this means that beliefs are malleable and you get more psychopathic behavior from leaders.

Why is what we're supposed to believe continuously changing? How is it that transgender bathrooms became such an issue so fast? Or Ukraine? Or terrorism? The beliefs that they tell us to believe are more inconsistent than CSW's statements to courts of law. The short answer is that they do this because they can.

Debasement Of Work

As mentioned above, work used to have some bounds, but now, more than ever, rent seeking is accepted, even celebrated as noble employment. Thus, the psychopathic investment banking character that will do anything for money is something people strive to be. The moral nihilism of the character is something that they don't worry about.

Of course, it's not just investment banking, but many other professions. The goal is always to climb up the ladder of power at any cost. Status is no longer awarded on the basis of character, it's rewarded on the basis of money and power. Fiat money has made work a place where beliefs go to die. The goal of getting more money has become all consuming and put beliefs completely on the back burner.

Toxic Maximalism

One of the things I've noticed about the Bitcoin community is just how vicious it can be toward people who would otherwise be welcomed with open arms in any other community. Venture capitalists like Raoul Pal and Mark Cuban would be deferred to and respected for their influence and money anywhere else. Yet in Bitcoin, we pay them no mind and have zero problems questioning their understanding or even making fun of their stupidity. There's no buying your way to influence in Bitcoin. There's no jumping in front of the parade because you have name recognition.

Bitcoin is decentralized and that's how we like it, thank you. Anyone trying to speak for Bitcoin and trying to change it will be rightly derided as being a detriment to the community. If you try to co-opt this community for your own ends, you will be shunned like the ideological leech you are.

Altcoiners call this “toxic Bitcoin maximalism,” but this protection of the community is a good thing. Toxic maximalism is not just an immune system keeping the beliefs pure. It's a rejection of the fiat model of doing things. Fiat institutions trade on status, influence and money and their beliefs can be changed for a price. Bitcoiners are principled and no one gets to tell us how it is. That's the main feature of decentralization. The node I run is mine and you can't change it. There's no single point of failure to go bribe.

Contrast this with what Greenpeace USA started doing once Ripple’s executive chair gave it $5 million. It started FUDing Bitcoin because its beliefs are for sale. It is a fiat institution that can be bought. Cantillionaires can't understand Bitcoiners because they're used to being able to buy their way into everything with their printed dollars. Fiat slaves can't understand Bitcoiners because they're used to changing their beliefs when their fiat jobs depend on changing them. Bitcoiners are misunderstood because we have beliefs that are not for sale. We are not debased.

Altcoins Debase Belief

Altcoining, though, debases your beliefs pretty quickly. One need not look much further than Erik Voorhees, Trace Mayer and Udi Wertheimer to see that. The minute you sell out your belief and embrace altcoins, you are forced into a lot of mental gymnastics to justify your salary. You have to take untenable positions and end up supporting stupider and stupider projects to ensure some allies.

Thankfully, when these projects blow up, their reputations blow up along with them. Altcoins operate on the same fiat system of bribery using printed money, but with a lot more volatility and without the monopoly on violence. Hence, it's very easy to get altcoiners to embrace any belief. This is why their pitches can be so stupid and still find an audience. You can buy your way to influence. But of course, this is unsustainable without violence. So in a sense, their crashes are as inevitable as Sam Bankman-Fried making a stupid public statement.

By contrast, what is endlessly frustrating for VCs, altcoin founders and Bitcoin affinity scammers is that it's impossible to debase Bitcoiners' decentralized beliefs. This is in stark contrast to the fiat world. Just pay some money for influence and you're good. You can't do that in Bitcoin. No amount of money is going to get the toxic maxis to like you. There's no jumping in front of this parade. Bitcoiners have no hesitation rejecting you and there's no central committee to bribe. The rules are different here because Bitcoin is genuinely decentralized.

Bitcoin And First Principles

Bitcoiners have enriched their beliefs. We've learned to think for ourselves through analysis via first principles. Instead of swallowing what someone is selling us, we have learned to analyze things and come to our own conclusions. This is why you see so many Bitcoiners give carnivory or fasting or Christianity a chance. These are not popular now in the mainstream, but they've historically been popular for a reason. The fact that Big Ag has debased food or that Big Food has made fasting look ridiculous or that Marxism of many kinds has instilled atheism is not lost on Bitcoiners. They look at these things with fresh eyes because the blindfold of fiat money has been taken off.

In other words, our beliefs which once were debased, have arisen anew through first-principles analyses. Beliefs have become more real and personal through soul searching and logical analysis. This is in contrast to beliefs under the fiat system which are fake and wispy because they're absorbed through propaganda. Talk to any Bitcoiner and you'll likely see that they have many more strong opinions than your typical fiat slave does. That's not a coincidence. Under a fiat system you say whatever to get along and get ahead. Under Bitcoin, you say what you believe.

Rent Seekers Don't Believe Anything

Belief in a fiat system is a means, not an end. Most people have malleable belief systems so they can get ahead in their careers. This is especially so in the institutions infected most by fiat: academia, media, government, Hollywood and venture capital. The most successful in these institutions are the ones who believe whatever is most convenient to get ahead. As that is often the price of admission, their beliefs are lightly held, not analyzed for inconsistencies and really swallowed without much thought.

These are also very political institutions and the ability to gauge the temperature of your colleagues and bosses and adjust your beliefs is the key to success in those places. These are debased people, nihilistic at the core and only believing in power. To me, these are not really people at all. And it's not a coincidence that the morals of the people in these places are often completely corrupt. Lest you doubt me, I'll remind you that Jeffrey Epstein didn't kill himself.

Belief Is Needed To Be Human

Belief is a necessary part of being human. Sadly, fiat money debases our beliefs and as we are more integrated into fiat money, the more nihilistic we become. The more nihilistic we become, the less human we are.

Bitcoin brings us back to having beliefs again because money is no longer our master, but our servant. The money works for us now by being a savings technology. It's no longer our master who enslaves us through debt or forced investment.

Belief is a prerequisite to everything that is meaningful in life. Morals and purpose. It's sad to see that these critical things are destroyed by fiat money. Thank God for Bitcoin. And that's where your journey as a liberated human being can begin anew.

Now, go forth and learn.

This is a guest post by Jimmy Song. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

- BtcCasey
Mt Pelerin Crypto Exchange Adds Support For Bitcoin Lightning Network

The Swiss cryptocurrency exchange will now allow deposits and withdrawals through the Lightning Network.

Mt Pelerin, a Swiss-based cryptocurrency exchange, has announced new support for the Bitcoin’s Lightning Network on their app.

The press release sent to Bitcoin Magazine describes how “users can now get Bitcoin directly on the Lightning network easily, by card or bank transfer, spend, receive and manage their sats with Mt Pelerin’s mobile app Bridge Wallet and cash out funds from Lightning back on their bank account in 14 currencies.”

The app and exchange serve 171 countries and six languages globally. Swiss regulation allows for users to buy and sell bitcoin with no identification required for amounts under CHF1,000 per day. This preserves privacy in the face of growing threats related to compromised personal information.

“Mt Pelerin plans to let advanced users run their own Lightning node in Bridge Wallet in the near future,” the release explains. “In the meantime, the current release takes care for the user of all the complex channel and liquidity management features of Lightning. This allows for a much easier user experience and completely free transactions. Those already running their own Lightning node and wallet can of course use the service to buy and sell sats on it.”

Also mentioned is the exploration of a payments solution for merchants, which could greatly grow the merchant-end of the Lightning Network. The virtually free and instant transactions that Lighting enables are especially useful for merchants, and express the power of Bitcoin in tangible ways for users. 

- BtcCasey
Arizona Senator Introduces Bill To Make Bitcoin Legal Tender In The State

A bill introduced by Sen. Wendy Rogers reflects growing interest in bitcoin from U.S. states.

State Sen. Wendy Rogers (R-AZ) has introduced a set of bills aimed at making bitcoin legal tender in Arizona and allowing state agencies to accept bitcoin.

The proposed legislation aims to recognize bitcoin as a legal form of currency in Arizona, allowing it to be used to pay for debts, taxes and other financial obligations. This would mean that all transactions that are currently done in U.S. dollars could potentially be done with bitcoin, and individuals and businesses would have the option to use bitcoin as they see fit.

Specifically mentioning bitcoin alone, the legal tender bill defines bitcoin as, “the decentralized, peer-to-peer digital currency in which a record of transactions is maintained on the Bitcoin blockchain and new units of currency are generated by the computational solution of mathematical problems and that operates independently of a central bank.”

The acceptance bill is more broad, saying that, “A state agency may enter into an agreement with a cryptocurrency issuer to provide a method to accept cryptocurrency as a payment method of fines, civil penalties or other penalties, rent, rates, taxes, fees, charges, revenue, financial obligations and special assessments to pay any amount due to that agency or this state.”

This is the second time that Sen. Rogers has introduced a bill aimed at making bitcoin legal tender in her state. She introduced the same amendment in January 2022, which died by the second reading.

Although it may appear there are slim chances of the bill passing this time, El Salvador’s adoption of bitcoin as legal tender has proven to be a boon for growth and investment in the country. Recent actions in states like Texas, New Hampshire, Missouri and Mississippi all indicate increasing U.S. state interest in bitcoin and its benefits. As bitcoin adoption strengthens, the likelihood of such bills passing will only increase. 

- BtcCasey
Swiss Bitcoin App Relai Now Allows Companies To Buy Bitcoin

The new Relai Business over-the-counter service will allow businesses to purchase bitcoin quickly.

Regulated Swiss non-custodial Bitcoin app Relai has announced the launch of “Relai Business,” a new OTC service aimed at business clients. 

According to the release sent to Bitcoin Magazine, Relai Business will allow small to medium-sized businesses to purchase bitcoin within one day. The service is Relai’s second OTC solution, with the first, Relai Private, being aimed at high net worth individuals, allowing for transactions greater than 100.000 CHF / EUR.

“It’s a huge market that we are entering: There are 25M SMEs in Europe, and a growing number of them are led by bitcoiners,” commented Julian Liniger, CEO and co-founder at Relai. “In the next ten years, millions of businesses will want to allocate billions into bitcoin, and we’re gonna make it super easy for them to do so!”

The Relai app recently received a complete overhaul including a simpler buy-flow and enhanced UX. The company also added support for VISA, Mastercard and Apple Pay, increasing the options for users to purchase bitcoin. According to the press release, “the Swiss company recently reported record numbers both in terms of active users and trading volume.”

Relai allows users to retain as much control over their money as possible. The app provides non-custodial wallets which lets users retain control over their own keys and therefore full sovereignty over their bitcoin. However, it should be noted that the most secure way to store bitcoin is always in cold storage using a dedicated hardware device

- Daniel Batten
The Kazakhstan Mining Exodus Has Flipped Bitcoin To Clean-Energy Dominance

After Kazakhstan forced out Bitcoin mining operations, the majority of global hash rate is now produced with clean energy.

Kazakhstan was, at its height, the second-largest Bitcoin mining nation on earth. Then, within a year, it capitulated. While mainstream news commentators were quick to pick through the reasons for why Kazakh authorities turned against Bitcoin mining operations, the consequence this had on the greening of the network went unreported.

But because Kazakhstan is fuelled 87.6% by fossil fuel, less mining there means a higher clean energy mix for the Bitcoin network.

How much higher?

That’s what I asked myself. And the answer I found was surprising.Source


At its peak in October 2021, Kazakhstan enjoyed 18.3% of the global hash rate.


But what has not been widely reported is that by January 2022 (the last time Cambridge University updated its Bitcoin mining map), it had already fallen to 13.2% of global hash rate. 


And that was before the real pressure came on miners from Kazakh authorities. This pressure came in three waves:

A raid where equipment from 13 illegal mining farms was seized. The operations were estimated to be using over 200 megawatts (MW) of power. A follow-up raid on remaining known illegal mining activities which seized assets from a further 106 mining operations.The regulated curtailment of mining. Bitcoin mining can now only legally occur at the off-peak hours of midnight to 8:00 a.m. and on weekends: a reduction from 168 mining hours per week to only 64 mining hours per week.

Running some calculations, even at the most bullish upper threshold, Kazakhstan now represents at best 6.4% of global hash rate.

So, what does this mean for Bitcoin’s clean energy mix?

It makes a pretty significant difference, as you can see. The exodus from Kazakhstan flipped the network to become a majority clean-energy user. I ran a simulation on my energy source model with Kazakhstan still at 18.3% of global hash rate. Here’s what that would have looked like: majority fossil fuel use. 

Because Kazakhstan uses so much coal (a much heavier greenhouse-gas emitter than natural gas) the difference to emissions is even more significant. At 18.3% of total hash rate, Bitcoin emissions would've been 36 metric tons of carbon dioxide equivalent C(MTCO2e). But at current levels, emissions are only 32.4 MtCO2e. That's a 10% reduction in emissions.

Ten percent emission reduction is significant. There are few industries in the world that have achieved this within a year. And if there were, you would likely have heard all about it.

An important sidenote: Have you ever seen a Bitcoin mining unit with its own internal combustion engine? Neither have I. Bitcoin mining, like electric vehicles (EVs), uses electricity as its power source. As such, if an EV can claim to be zero emissions, then so can Bitcoin mining. So, when we talk about emission, we are talking about the indirect emissions caused by the component of electricity that was generated using fossil fuels.

In summary: The Bitcoin network keeps tracking in the right direction, but you have to dig to find this out.

And some final thoughts on where we are heading:

According to my model, the Bitcoin network uses 4.7% more clean energy now than it did even just a year ago. The factors that have led to this are:

The exodus from KazakhstanThe migration of Marathon’s remaining coal-based mining onto renewable supplyContinued migration toward mostly renewable-based, off-grid mining

This trend shows no sign of abating. Based on the trendline, the network is set to use 4% more clean energy every year for the next three years.

As far as I’m aware, this is the fastest transition rate to renewables of any industry in the world.

This is a guest post by Daniel Batten. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

- BtcCasey
Blockstream Raises $125 Million For Bitcoin Mining Expansion

Led by Kingsway Capital, Blockstream has raised $125 million for the purpose of expanding their institutional mining services.

Blockstream has announced they’ve raised $125 million in convertible note and secured loan financing with the aim of expanding their institutional bitcoin mining services. The raise was led by Kingsway Capital along with other investors including Fulgur Ventures.

According to the announcement, Blockstream will use the capital raised to expand their bitcoin mining facilities “in order to meet the strong demand for its institutional hosting services,” which they claim remains high “due to the company’s strong track record and substantial scale, coupled with an industry-wide shortage of available power capacity.”

This raise follows Blockstream’s August 2021 raise of $210 million which valued the company at $3.2 billion. The company utilized this previous round to build several mining facilities with the capacity for institutional hosting customers, along with the strengthening of Blockstream’s vertical integration for ASIC manufacturing.

“This fundraise allows us to accelerate the YoY revenue growth we created with our 2021 Series B and continue to build infrastructure for the future Bitcoin economy,” Erik Svenson, Blockstream President and CFO, commented. “We remain focused on reducing risk for institutional bitcoin miners and enabling enterprise users to build high-value use cases on the most secure, robust, and scalable blockchain in the world - Bitcoin.”

Blockstream CEO, Dr. Adam Back, stated that “With 2022 being punctuated by multiple large scale centralized party and protocol failures, we believe this has been a learning experience for the market: that the fundamental value of blockchains is in reducing the need to trust third parties.”

Blockstream is one of the world’s largest bitcoin mining operators, according to the release, with more than 500 megawatts (MW) in its development pipeline. Blockstream is also a market leader in Layer 2 Bitcoin technologies like Core Lightning (CLN) and the Liquid Network.

- BtcCasey
EU Lawmakers Vote To Impose Strict Capital Requirements On Banks Holding Bitcoin And Crypto

Banks would be allowed to hold 2% of capital in bitcoin, but required to have one euro in capital for every euro in cryptocurrency held.

European Union lawmakers have voted to impose strict capital requirements on banks that hold cryptocurrencies, per a Reuters article.

In an effort to “prevent instability in the crypto world from spilling over into the financial system,” Markus Ferber, economic spokesperson for the EU parliament's European People’s Party, says, “banks will be required to hold a euro of own capital for every euro they hold in crypto.”

Lawmakers cite the chaos in the markets seen over the last few months as further evidence that such regulation is necessary. With events like the collapse of FTX, Celsius and others fresh in the minds of users, the passing of this law is anticipated to be part of a larger set of regulations aimed at bringing the EU into line with international norms.

The passed regulation mirrors that suggested by the Bank for International Settlements' Basel Committee, which also suggested the highest possible risk tier weighting for holdings of “unbacked crypto.” Their recommendations placed a 2% limit on tier 1 capital that could be held denominated in unbacked cryptocurrencies.

“There is no definition of crypto assets in the [legislation] and therefore the requirement may apply to tokenized securities, as well as the non-traditional crypto assets the interim treatment is targeted at,” the Association for Financial Markets in Europe (AFME), an EU lobby group representing finance organizations like investment banks said, indicating that the current form of the law could be unclear, but that draft issues may be fixed later on.

While the European Parliament's Economic and Monetary Affairs Committee voted to approve the measures, in order for them to go fully into effect, they must also be approved by the European Parliament as a whole, and be presented to the national finance ministers meeting in the Council of the European Union. 

- BtcCasey
World’s Largest Bitcoin ATM Software Platform Acquired By Bitstop Founders

Andrew Barnard and Doug Carrillo of Bitstop have announced the acquisition of Genesis Coin Inc.

Genesis Coin Inc., the first and largest bitcoin ATM software platform in the world, announced that they have been acquired by Bitstop Founders Andrew Barnard and Doug Carrillo.

According to the press release sent to Bitcoin Magazine, Genesis Coin’s technology powers over 35% of all bitcoin ATM transactions around the world. Barnard and Carrillo built one of the first and largest private label bitcoin ATM platforms through Bitstop. Based in Miami, FL, Bitstop has over 2,500 bitcoin ATMs worldwide.

“As part of the acquisition, Andrew Barnard will become Chief Executive Officer and Doug Carrillo will become Chief Strategy Officer and both will join the Board of Directors of Genesis Coin,” the release states. “Evan Rose, Genesis Coin’s founder, will stay on as a technical advisor and remain a member of the company’s Board of Directors. The Genesis Coin headquarters will move to Miami, Florida.”

Together, Genesis Coin and Bitstop represent more than 75 operators with more than 12,000 bitcoin ATMs across the United States and internationally, facilitating annual sales volume in the billions of dollars.

In regards to their decision to acquire Genesis Coin, Barnard said “Genesis Coin gave birth to the Bitcoin ATM industry … It’s the first and largest Bitcoin ATM software platform in the world. Evan built a platform trusted by some of the largest bitcoin ATM operators in our industry, both domestically and internationally, including the Chivo network in partnership with the Government of El Salvador.”

“This transaction represents the coming together of the two leading software platforms in the industry and creates value for both companies’ stakeholders,” Rose stated. “It combines the best product, engineering, and leadership teams in the space. I’m thrilled to work alongside them and look forward to introducing very exciting new products and services we have planned for this year.”

According to the release, for now, both the Genesis Coin and Bitstop platforms will continue to run independently while teams explore technical synergies.

- Q Ghaemi
After the Failure Of Their Stablecoin Experiment, Iran And Russia Will Inevitably Adopt Bitcoin

With their newly-announced stablecoin experiment doomed to fail, Russia and Iran will soon learn Bitcoin is the solution that they want.

This is an opinion editorial by Q Ghaemi, a stocks and bitcoin analyst and author of the Qweekly Update newsletter.

Earlier this month, reports surfaced that the Central Bank of Iran is working with the Russian Association Of The Crypto Industry And Blockchain to create a stablecoin that will be backed by gold to settle trade. This is not the first foray into the crypto universe for either country, nor will it be the last. But this venture will come to nothing, ultimately bringing both countries one step closer to adopting Bitcoin.

Iran’s Foray Into Cryptocurrencies Favor Bitcoin

In August 2022, a headline came and went and most did not hear about it, and those who did gave it little thought: “Iran Approves Use Of Cryptocurrency For Imports To Bust Sanctions.” Ignoring the fact that the source for this headline was a Saudi-funded media outlet with the likely goal of destabilizing and delegitimizing Iran, it is important to recognize that Iran successfully completed a trade in August with an estimated value of $10 million, which can be assumed to have been conducted in bitcoin.

Based on daily volume, there are about 20 possible cryptocurrencies that could have been used to complete this transaction, however, if we take these cryptocurrencies by daily volume and agree that none with a daily volume less than $1 billion could have possibly been used (anything greater than 1% of daily volume would move the price too significantly: 1% of $1 billion is $10 million) we are left with seven possible cryptocurrencies: Ripple (XRP), Solana (SOL), USDC, Ethereum (ETH), Binance (BNB), Tether (USDT) and Bitcoin (BTC).

We can quickly eliminate USDC, Solana and Ripple because they are all run by U.S. corporations and, due to sanction laws (see: Tornado Cash), they would be forced to prevent Iran from using their platform (also it is safe to assume that the Iranian government chose to avoid U.S. companies for simplicity’s sake). Tether can also be thrown out given its link to the U.S. dollar. I will also throw out Ethereum because Iranians are too cheap to pay those gas fees. This leaves us with two options: BNB and Bitcoin. Personal bias aside, no one is settling international trade with BNB without Binance CEO Changpeng Zhao (CZ) taking some sort of a victory lap. Bitcoin wins.

Iran also previously banned Bitcoin mining operations due to stress on Tehran’s power grid. It has since returned all of the mining equipment and, as noted above, made the claim that $10 million in international trade was completed using cryptocurrency. Suffice to say, Iran has begun to see the potential of Bitcoin.

Russian Foray Into Cryptocurrencies Demonstrates Need For Unsanctioned Exchange

Russia has also begun to dip its toes in the broader cryptocurrency space. After the U.S. government responded to the invasion of Ukraine with sanctions, Russia was forced to explore alternatives to completing international trade. President Vladimir Putin’s response was to forgo the over $500 billion in its reserves and mandate that every buyer of Russian natural gas pay in Russian rubles. The ruble responded very positively to this news (see the chart below with a red arrow pointing to when U.S. sanctions began and a green arrow pointing to when the ruble became the only payment for Russian natural gas).


Russia then slowly began to reverse its 2020 position on cryptocurrencies. Late last year, Russia announced that it will allow international settlement in cryptocurrencies without any restrictions, a huge reversal from its previous stance. These moves prove that Russia sees the potential for cryptocurrencies as a medium of exchange.

Sanctions Make The Bond Stronger

Both countries have been on the receiving end of U.S./Western sanctions but have found ways to navigate around them to remain in power. The lesson that both of these countries have learned is to trust no one, especially in the world of finances. Putin profusely announced that by freezing Russia’s dollar holdings, it “practically defaulted,” signaling that even the mighty dollar may not be as mighty as the U.S. wants you to believe.

Iran is also no stranger to the empty promises of the West: after negotiating and agreeing to a nuclear deal in 2015, President Donald Trump came in and tore up the old agreement. While this may be common practice in some (shady) business ventures, this is an insult in Persian culture. Every indication that a new nuclear deal will be signed by Iran was laughable: why would Iran assume the next deal would be upheld after this president left office? Needless to say, the Iranian government has very little trust of foreign governments.

“The enemy of my enemy is my friend” plus “keep your friends close but your enemies closer” equals Iran/Russia relations.

In 2023, it almost makes sense to Westerners that Russia and Iran would work together. Both countries are deemed villains by many Western countries, and strict sanctions prevent them both from selling their resources to the world. Both have stockpiles of oil and gas that the world desperately needs. And yet, their history is far from harmonious.

Until the 1920s, both the U.K. and Russia fought over control of the resources of Iran. The Qajar dynasty would bend the knee and give anything foreign powers requested in exchange for wealth and riches for its family. This all changed after the 1921 coup brought an end to the Qajar dynasty and brought to power Reza Shah.

Reza Shah refused to give concessions to foreign powers and focused on growing Iran. The Soviet Union came to be one year later, which caused the USSR to focus on domestic growth as well. As Iran began to grow in importance to the West (chiefly to the U.K. and the U.S.), Reza Shah and his son (the last Shah of Iran, Mohammad Reza Shah), would use the West’s fear of communism to their advantage. If Iran would not get what it wanted from its Western trade partners, it would go make a small deal with the USSR to remind them who was in charge.

Despite the once contentious history between these two nations, it seems like they have found a common ground: perception as an enemy of the West.

Why The New Stablecoin Will Fail

I made a lofty claim that the stablecoin experiment between Iran and Russia will fail and cause them to adopt Bitcoin. How will it fail? There is no trust: there never was and there never will be.

Trust can be eroded while the network is being formed. While many Russian and Iranian leaders may believe that their countries’ top engineers can craft a product that is able to circumvent any adversarial attacks, what is to stop the other country from giving themselves backdoor access? What is stopping someone from creating a way to double spend tokens? Now, this is all conjecture: I am presenting just a handful of potential flaws in this system — how many more can you think of?

The largest question is regarding the gold reserves backing the stablecoin: Where will the gold be stored and who will verify that the amount of gold listed is still there? Given the lack of trust, neither country can be expected to blindly accept that the other is holding the amount of gold it claims to be (see “The Bitcoin Standard” for more on this topic), and sanctions prevent a reputable third party from getting involved (although China could fit into the puzzle in some way here).

As this very large and very important hurdle is met, another question will continue to loom: Why? Why do we need to do any of this when there is a cryptocurrency out there with enough liquidity to suffice their needs and that requires no trust in either party?

Both Iran and Russia have banned residents from using Bitcoin, but they have also reversed some of their positions over time. It is safe to say that both governments are still in the process of understanding the power and scope of what cryptocurrencies have to offer. It is also worth noting that, should this joint effort be successful, it will not be the first gold-backed cryptocurrency.


Both countries are still in the information-gathering stage and, if by some miracle, a researcher stumbles across this article, let me spell it out plain and simple: History has proven that when given the opportunity to control money, the people in charge will manipulate the money for their benefit.

There is a reason the Roman Empire fell and that we don’t use guilders or pounds as global currencies. Instead of bringing this temptation into the equation, adopting a trustless form of money that cannot be manipulated or inflated is the only solution. Bitcoin is the inevitable money you are looking for. Whether you get there before your enemies is up to you.

This is a guest post by Q Ghaemi. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

- BtcCasey
Announcing “Hunting Sats,” A Bitcoin Wallet Cracking Contest

Shadowy super coders and sat stacking anons from all over the internet are welcome to try and crack a wallet containing millions of sats.

Wasabi Wallet, along with 12 other bitcoin projects and companies including Blockstream, BTCPay and Trezor, are working together to organize a Bitcoin world treasure hunt called “Hunting Sats.” 

For a full week starting on January 23, 2023,, the entities involved will be revealing seed words of a bitcoin wallet that contains 3,454,811 sats. The companies invite all Bitcoiners to attempt to crack that bitcoin wallet and claim all of its sats.

The announcement sent to Bitcoin Magazine describes how brute forcing will be the method that will allow participants to crack the seed, saying “For this game, brute-forcing a bitcoin wallet means finding the seed words and a passphrase, in this case, arranging them in the right order and using the resulting backup as a way to recover the wallet’s funds. There are many ways to achieve this and general knowledge about bitcoin wallets, script types, derivation paths, checksums, passphrases and BIP-39 seed words will be helpful … As more words are revealed, brute-forcing gets easier, so time is ticking as people from around the world compete to crack the wallet.”

A 12-word, passphrase-protected bitcoin address (BIP39) generated a BTC address which now holds the sats up for grabs. Each word from the wallet, including the passphrase, were shared with the 12 partners. Over the week starting with January 23, each partners will share their word using the hashtag #HuntingSats. At the end of the week, if no one has successfully accessed the bitcoin, more hints will be shared.

The partners involved include:

BTCPayTrezor CryptosteelBlockstreamBull Bitcoin.Hodl HodlBitcoin ReserveCoinkiteSwan BitcoinBTCTKVRmempool.spaceWizardsardine

For all general information regarding the contest, including updates about the words that have been revealed to the public, visit

- Heidi Porter
In 2023, Bitcoiners Must Stop Shooting (Or Blocking) The Messengers

As the New Year begins, Bitcoiners should take this opportunity to engage with constructive criticism.

This is an opinion editorial by Heidi Porter, an entrepreneur with 35 years in the tech industry.

I love Bitcoin — and the world that Bitcoin helps create — as much as any of the most passionate Bitcoiners do. As such, I want to do and say things that help it succeed. This desire is not even an iota unique.

However, sometimes what does not feel productive, is productive.

Constructive criticism is productive discourse for Bitcoin. Pointing out incorrect assumptions is productive discourse for Bitcoin. Enumerating dangers is productive discourse for Bitcoin. Calling out hypocrisy of goals versus actions is (or can be) productive discourse.

That said, illogical or nonsensical criticism is not productive discourse. Criticizing because you haven’t done the work to understand is not productive discourse. Appealing to authority or intuition versus well-researched information is not productive discourse. Refusing to understand different use cases for different people is not productive discourse.

I think most people would agree in theory with the above. But then, we are human. Our wants, needs and emotions get in the way.

Getting criticism does not feel good. Giving criticism —regardless of merit — feels good. Immediate or short-term gratification does feel good. These are part and parcel of the incentives in the business of being human.

The result is that noise is amplified and signal is de-amplified. The result is that the wisest and most prophetic people in Bitcoin are often dismissed or ignored. Or shot. This shoot-the-messenger behavior is not correlated with price.

Messengers are shot in the bull market. Messengers are shot in the bear market. Messengers are shot in the sideways market. Messengers are just… shot.

The bullet-riddled know who they are. They repeat themselves, repeatedly. Let’s repeat and review just a few of these messages:

If you want bitcoin to be for people’s security as well as freedom and human rights, don’t post public photos without people’s consent.If you want people to be physically secure using Bitcoin, stop sharing information with third-party marketing firms that do not meet the security required for Bitcoin customers. At the least, require separate customer emails for use in marketing systems versus account access or downloads.If you want decentralization of miners throughout the world, stop pushing for excessive mining in your city, your company and your country.If you want privacy, don’t shout that something offers complete privacy when that is not completely true. If your organization's stated mission is “defending civil liberties in the digital world,” then you should speak up when a bill is introduced that walks all over those. Looking at you, Electronic Frontier Foundation.If you want people to use money soundly, don’t tell them to run up credit cards or mortgage their homes to put all their money into bitcoin and HODL. If you want a peaceful revolution, definitely don’t suggest that Bitcoin is analogous to weapons.If you want people to understand Bitcoin, don’t make irrational equivalences to explain it. In a recent Bitcoin Magazine article, Stephen Livera wrote about exactly this issue.(Dear reader, insert other similar If-then points here.)

If you don’t think any of the above is that important, then steel man the counter argument of the above. With the possible exception of the last one, all of the above present real threats to both people’s physical safety and security. All of the points are part and parcel of what people are themselves claiming to be the goals of Bitcoin.

Human incentives often operate from short-term or immediate gratification versus a look at long-term consequences or results. It takes humble research, hard work and an effort at discourse to deal with the above issues as well as other technical and business concerns that are raised and need to be solved.

For 2023, let’s not shoot productive messages or their messengers. Instead, let’s all take a good look at our own short-term incentives and gratification — and align them better with the goals we want for Bitcoin… order to make a happier year for more, not just the few.

This is a guest post by Heidi Porter. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

- BtcCasey
Crypto Lender Genesis Files For Chapter 11 Bankruptcy

The embattled crypto lender has filed a slew of voluntary bankruptcy notices in order to restructure itself.

Genesis’s two lending subsidiaries, Genesis Global Capital and Genesis Asia Pacific, have filed for Chapter 11 bankruptcy.

According to the announcement, the firm aims to enact “a global resolution to maximize value for all clients and stakeholders and strengthen its business for the future.”

In November 2022, Genesis Global Capital halted their operations, freezing withdrawals amidst a liquidity crisis that came as a result of the implosion of the FTX cryptocurrency exchange. The lending arm was FTX’s largest unsecured lender, with claims amounting to more than $226 million.

Bitcoin Magazine PRO described how the firm needed a liquidity injection of at least $1 billion dollars in order to save itself — but this did not happen. In January 2023, Genesis’ parent company, Digital Currency Group, was accused by Gemini President Cameron Winklevoss of using Genesis in an elaborate high-yield scheme which transferred the high-risk of these yield generating investments to Gemini’s Earn product users. Gemini Earn was earning this yield via Genesis, which, according to the statements made by Winklevoss, Gemini believed to be a reputable counterparty.

“Genesis has proposed a roadmap to an exit including a Chapter 11 plan that calls for a framework for a global resolution of all claims through, and the creation of, a trust that will distribute assets to creditors,” the filing describes. “All aspects of the restructuring process will be overseen by an independent special committee of the company’s board of directors.”

Genesis’ Interim CEO, Derar Islim, stated that “While we have made significant progress refining our business plans to remedy liquidity issues caused by the recent extraordinary challenges in our industry, including the default of Three Arrows Capital and the bankruptcy of FTX, an in-court restructuring presents the most effective avenue through which to preserve assets and create the best possible outcome for all Genesis stakeholders.”

According to the filing, Genesis has more than $150 million cash on hand, “which will provide ample liquidity to support its ongoing business operations and facilitate the restructuring process.”

- BtcCasey
Mississippi, Missouri Lawmakers Introduce Bills To Protect The Rights To Mine Bitcoin And Run A Node

Committees from both states will soon vote on bills that would provide a variety of protections for Bitcoin mining operations and node runners.

Lawmakers from the U.S. states of Mississippi and Missouri have introduced bills that seek to legally protect their citizens’ rights to run a Bitcoin node and to mine BTC.

Excerpt of Mississippi’s bill
Excerpt of Missouri’s Bill

Bills have been submitted to both the Houses and Senates of the respective states, with Senator Josh Harkins (R) and Representative Jody Steverson (R) leading the movement within Mississippi. Representative Phil Christofanelli (R) of Missouri submitted its respective bill to the House. Both states’ bills utilize language from the Satoshi Action Fund. Amongst the explicit rights for nodes and mining, the bills also have language prohibiting: 

Political subdivisions of the state creating requirements which are not in line with other data center requirements, and changing the zoning of bitcoin miners without proper notice.Outlawing of discriminatory energy rates directed at bitcoin miners.Sound ordinances directed at mining facilities that are not in-line with other sound ordinances within the community.Operating nodes or miners being considered the act of money transmitting.

Just yesterday, a New Hampshire commission recommended that the state Department of Energy investigate how bitcoin mining could be integrated into energy grids statewide. In addition to this recommendation, a report released in November 2022 directed at members of the Texas legislature recommended making bitcoin an authorized investment for the state, while giving tax incentives to local BTC miners.

“I see an opportunity for states that were left out of the tech boom to have a real shot at taking part in the Bitcoin boom,” Dennis Porter, CEO and founder of the Satoshi Action Fund commented. “Mining facilities often get built in rural parts of America. We hope that Missouri and Mississippi see this potential and begin opening up their states to Bitcoin mining businesses.”

The reports all signify growing interest from states across America on how they can benefit from adopting bitcoin and utilizing bitcoin mining within their energy networks. Continued political action from the likes of Bitcoin Policy Institute and Satoshi Action Fund greatly contribute to the education of lawmakers.

“Now that these bills have been drafted and introduced, we must continue the education process for the elected leaders of the state of Mississippi,” Porter stated.

In regards to concerns voiced by Bitcoiners about the consolidation of hash rate in North American jurisdictions, Porter said that, “Consolidation of mining is a concern, but it is much less of a concern than consolidation of nodes. The nodes and the users of the Bitcoin network are the ones in control, the Blocksize Wars proved this. However, extreme consolidation of mining could become a risk. We at Satoshi Action strongly support the growth of hash rate outside the USA and North America.”

Eric Peterson, director of policy at the Satoshi Act Fund has also been working to advise Mississippi. He explains how “Because of its unique characteristics, Bitcoin miners are looking to expand their footprint in the state. Legislators can see the opportunities these miners bring, especially in terms of creating jobs in rural areas.”

If the bills are enacted, they could contribute to mounting interest from state governments, something that Peterson is seemingly leaning in on. “The most important concept for legislators to understand is that Bitcoin is not going away anytime soon,” he said. “Even if states don't get behind the industry they need to have a working regulatory structure for it and ensure that businesses who operate in this state can do so long term in their state.”

- Okada
Mainstream Bitcoin Exchanges Have Obscured The Value Of Private, P2P Alternatives

Mainstream bitcoin exchanges which collect troves of user data have warped users’ expectations for privacy-preserving, peer-to-peer versions.

This is an opinion editorial by Okada, mechanical engineer and contributor to peer-to-peer bitcoin exchange RoboSats.

Buying your first bitcoin has dramatically changed since the early days of trading on forums or Internet Relay Chat (IRC). Large exchanges sprung up and nowadays, they’ve perfected the art of attracting newbies through demystifying the buying experience with seamless and, quite frankly, mindless user interfaces.

Over time, regulators pressured exchanges into collecting users’ data to verify their personal credentials. Exchanges such as these — we’ll call them “verification” exchanges (VEXs) — have custody of your funds and have tools at their disposal to track your identity-linked funds on chain. The reader should already be aware of the advantages of self custody, a topic worthy of its own detailed exploration.

The convenience of mainstream VEXs such as Coinbase and Binance have effectively perverted end-user expectations of private, peer-to-peer (P2P) alternatives when buying bitcoin. Consequently, they are disinclined to use alternatives despite the immeasurable benefits to be gained.

To clarify, we are defining exchanges by their requirements for users to supply identifying information, not whether they are centralized or decentralized in nature. Centralized exchanges (CEXs) can operate privately, P2P if they hold no information on their users and do not custody funds.

Centralization doesn’t have to sacrifice end-user privacy if the exchange only performs the role of a blind matchmaker and, if shut down, can simply be relaunched by cloning its open-source repository. Therefore, the distinctive “VEX” label is more appropriate than incorrectly referring to all CEXs as having poor privacy.

For full disclosure, the author contributes to the open-source, P2P exchange RoboSats, but this article is not endorsing just one P2P exchange; rather, it is an endorsement for use of any private, P2P exchange.

Anything is better than using VEXs!

Note: In many jurisdictions, using a P2P service is no different than using eBay or Craigslist. It is your responsibility to know your jurisdiction’s stance.

The Problem With Verification Exchanges

Obviously, the problem with VEXs is the utter lack of privacy. Users are required to submit self-identifying information like a driver’s license or passport that will perpetually link purchased bitcoin to that user.

To reiterate, a user’s real name is forever associated with that bitcoin and all downstream transactions. If they withdraw that bitcoin from the identifying exchange and use mixing services, the public ledger can make this evident and authorities may associate that action with criminal activity, regardless of the user’s intent.

On top of leaving a digital paper trail, their email, password, phone number and fiat bank credentials can become exposed as bad actors can access this information through hacking or by disgruntled exchange employees leaking users’ personal information. Or, as evidenced by recent exchange collapses like FTX’s, they risk losing their bitcoin since they don’t truly possess the private keys.

Many buyers and sellers use these privacy-invasive exchanges primarily because they wield vast liquidity in a slew of local currencies and their slick mobile apps make buying and selling bitcoin a trivial task. What’s more, they’ve built addictive casinos aimed at increasing user retention with every confetti-filled, dopamine-inducing trade.

Unfortunately, many of the owners and operators of VEXs rabidly advocate for “adoption-friendly” regulations by collecting their customers’ data under the guise of protecting honest users, but, the collection of sensitive user data in the first place is ripe for exploitation by cybercriminals. The simple solution is to avoid VEXs altogether.

Why Use Private, P2P Alternatives?

Consider the second-order effects of using, and thereby supporting, anti-privacy exchanges. How you buy and sell bitcoin will have amplifying effects on those exchanges and the greater Bitcoin network.

When using a VEX, you are amplifying the practice of invading privacy and giving credence to the normalization of it. Speaking with your wallet has never been more applicable than when you buy bitcoin with your hard-earned fiat.

If using a P2P exchange, then you are contributing bitcoin or fiat liquidity to that platform and thus amplifying the immediately-available liquidity so that more users can benefit from privacy-oriented exchanges rather than relying on VEXs.

The result of supporting VEXs will restrict fiat on-ramps and lead to a failure of Bitcoin’s core ideology as a permissionless, P2P, electronic cash system; on the other hand, supporting P2P exchanges will reinforce the permissionless nature of Bitcoin and create a more robust privacy network for anyone to freely use.

The following sections look into the expectations for a P2P exchange for some of the users who are accustomed to VEXs.

Immediately-Available Liquidity

In this author’s experience, the biggest “complaint” from users of VEXs regarding P2P exchanges is the lack of immediately-available liquidity for some currencies and fiat payment methods. Every P2P exchange launches with low liquidity and only grows if their user base grows.

Such is the origin of any P2P exchange; they do not have sudden, vast liquidity at the get go and without anyone bothering to contribute liquidity, P2P exchanges would cease to exist. Without a marketing budget, they can’t really do anything besides bring in more users with word-of-mouth advertising.

In the case of RoboSats, we have seen that many new users will only check the order book at that specific moment and very often assume weak liquidity, but they do not realize that untaken orders expire in 24 hours and successful trades are not visible. The trade turnover is actually quite high and orders get taken relatively quickly. Interestingly, behind the apparent lack of liquidity is a highly-liquid market.

Thus, the distinction should be made between immediately-available liquidity on VEXs and high turnover liquidity on P2P exchanges. In this same vein, VEXs make classic dollar-cost averaging a breeze while P2P exchanges usually take a little extra elbow grease. Rather fittingly, this could be seen as a comparison between high-time-preference stacking with VEXs and low-time-preference stacking with P2P exchanges.

In short, P2P exchanges get better with more liquidity and users.

Privacy Always Comes At A Premium

Buying and selling bitcoin on a private, P2P exchange usually involves a premium. Users who are accustomed to the VEX lifestyle may hesitate paying above the bitcoin-to-fiat market rate for fear of getting fewer satoshis for their fiat. Conversely, users who value privacy take no issue paying extra for their anonymous bitcoin.

In P2P markets where there are imbalances between supply and demand, premiums are used on buy and sell orders to incentivize anonymous peers to provide liquidity to the marketplace. If you are buying bitcoin in a currency or payment method that is inconvenient for the seller then, by raising your premium, you may attract someone willing to go out of their way for more satoshis. You have to make it worth their time.

If selling bitcoin, you can gain more fiat in exchange for it when using P2P services versus using VEXs. From the seller’s point of view, the order premium is an opportunity for profitable arbitrage that also incentivizes sellers to part ways with their desirable bitcoin for undesirable fiat.

From one perspective, the market rate on VEXs could be viewed as a discounted version of bitcoin that will invade your privacy at the “benefit” of more satoshis in your stack, whereas the market rate on P2P exchanges can be seen as the real bitcoin market evaluation that users are paying to truly secure their wealth and protect their personal privacy.

It should go without saying, but wanting to transact bitcoin privately has absolutely nothing to do with criminal activity, like lawmakers so desperately preach; rather, it is solely to protect yourself from criminal activity against your wealth and, potentially, your life. If you practice multisig because you take the $5 wrench attack seriously, then you should also transact bitcoin privately. The idea that your life is in danger by exposing your identity may sound extreme, but it is not some farfetched, radical fantasy.

Bitcoin bought privately will always carry a premium because the market will forever value it more than bitcoin that is bought with the capability of exposing your personal finances.

Small But Effective Customer Service

No exchange is perfect and that applies to both VEXs and P2P exchanges. No matter how streamlined or “foolproof” the platform appears to be, users can still run into trouble. When they do encounter issues, there’s nothing more comforting than knowing a real human being is there to help.

In contrast to your typical customer service employee, the volunteer developers and contributors are often more than willing to go out of their way to resolve problems and issues since they have more ambition and desire to keep users enjoying the platform.

Moreover, P2P platforms are more likely to provide tailored solutions since problems that occur are more often than not outside of the platform’s control, like issues with a certain third-party wallet or Lightning Network limitations.

In this author’s observation, the response times, positive attitudes and general helpfulness of P2P exchanges far exceeds that of VEXs where users resignedly gripe about their terrible and incompetent customer service departments.

Bringing Proper Expectations To Privacy-Focused Bitcoin Exchanges

By exploring some of these warped expectations, hopefully readers will adjust theirs accordingly when using the variety of privacy-focused exchanges available. While, ideally, expectations should not need to be adjusted, users need to recognize the plain realities when using smaller, lower-volume exchanges that focus on privacy over profit and operate on a relatively miniscule budget.

VEXs such as Coinbase and Binance have had many years to establish their brands by building user trust (for now) and with the help of “crypto educators” encouraging newbies to buy their first assortment of tokens and coins on verification exchanges, “because it’s easy” or, more probably, because they were paid to shill those products.

You likely bought your first bitcoin on a VEX because you were told that it’s easy or were not aware of private alternatives; likewise, you probably didn’t find out about the disastrous implications of linking your real-life identity to your bitcoin stack until far later into your journey down the rabbit hole.

No need to fret, it is never too late to begin working toward a more secure and private future. Keep your bitcoin bought on VEXs wholly separate from your private bitcoin stack and stop giving VEXs your business.

Ultimately, P2P exchanges will have to work incredibly hard to compete in the same league as VEXs. Yet, without peers liquefying the order books, there would be no private, P2P exchanges at all. The best we can do is reason with users to value privacy and adjust their expectations when using P2P exchanges in lieu of high-volume, privacy-foregoing, verification exchanges.

So, spread the word!

This is a guest post by Okada. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

- BtcCasey
New Hampshire Commission Recommends Statewide Bitcoin Mining Energy Plan

A commission out of New Hampshire has found that the positive impacts of bitcoin mining on the electricity system are worthy of further consideration.

New Hampshire (NH) Governor Chris Sununu’s “Commission On Cryptocurrencies And Digital Assets” has returned results that suggest the NH Department of Energy create a public review of how bitcoin mining operations might be integrated into a statewide energy plan.

The commission cites “positive impacts for the electricity system, including contributing to a more stable electricity grid, more sustainable generation projects, and lower costs for consumers generally,” as reasoning for this recommendation.

Governor Sununu created the Commission via executive order back in February 2022, which in part read that “the State of New Hampshire should continue to be an active proponent of financial services innovation and should remain an excellent jurisdiction to attract the highest quality banking and financial businesses and the well-paying jobs they offered to our citizens.”

This report’s findings come a couple of months after the release of a report titled “Texas Work Group On Blockchain Matters.” Directed at members of the Texas legislature, it recommended making bitcoin an authorized investment for the state, while giving tax incentives to local BTC miners. Both reports conclude that further research into Bitcoin is necessary, and indicate that American states are increasingly considering the benefits of embracing bitcoin.

Also indicated in the New Hampshire report was the necessity for regulation to protect consumers. “A well regulated cryptocurrency market provides consumer protection, and trust in the market which is a boon to investors, the general public, and businesses alike,” reads appendix B, written by New Hampshire’s Bureau of Securities Regulation. “What has become increasingly clear over the past several years is that cryptocurrency has a role in securities regulation.”

States like New Hampshire and Texas could end up leading the way for Bitcoin adoption in the U.S. if they decide to follow such recommendations. It is important for Bitcoiners who have ties to state legislature or are in the Bitcoin ecosystem to advocate for continued inquiry into how states can integrate the technology, as states are often much more nimble in their ability to adopt new technologies when compared to the federal government.

- BtcCasey
CleanSpark Breaks Ground On 50 Megawatt Bitcoin Mining Expansion

The mining firm will nearly double its existing infrastructure, adding up to 50 Megawatts to the 36 Megawatts already in use.

Bitcoin mining firm CleanSpark has announced the start of construction on a site in Washington, Georgia, set to house 16,000 miners, which could bring the company’s hash rate total to as high as 8.7 EH/s.

The site, which CleanSpark announced the acquisition of in 2022, would contribute to an additional 2.2 EH/s of hash rate for the company. The expansion is estimated to cost nearly $16 million according to the press release sent to Bitcoin Magazine.

“The mining machine fleet at the new phase will consist of Antminer S19j Pro and Antminer S19 XP models, the newest and most power-efficient models of bitcoin mining machines available today,” states the release.

“When we purchased the Washington site in August, we were confident about our ability to quickly expand, adding this 50MW to the existing 36MW of infrastructure,” Zach Bradford, CleanSpark’s CEO commented. “This second phase more than doubles the size of the existing operation. We are looking forward to expanding our relationship with the Washington City community and to be able to support the construction jobs that will come with this expansion.”

Scott Garrison, vice president of business development at the firm, highlighted how the site “uses mainly low-carbon sources of power, employs newest generation tech, and is among the most power-efficient and sustainable bitcoin mining operations.”

Despite the recent wider downturn in the mining industry, CleanSpark has seen a remarkable expansion from just 2.1 EH/s in January 2022, to 6.2 EH/s in December 2022. This expansion, alongside another site buildout in Sandersville, Georgia, is set to continue that rapid growth in the coming year. 

- Nicholas Otieno
What Black Investors Can Teach You About Bitcoin

Many Black Americans have turned to bitcoin to find a new kind of financial success.

This is an opinion editorial by Nicholas Otieno, a freelance writer focused on fintech and crypto.

Bitcoin has received growing attention from investors, the media and regulatory authorities as its price rises and adoption develops worldwide. However, relatively little is known about the black investors who have been attracted to it. Whether you are purchasing bitcoin or not, you can learn important lessons from these black Americans and become a more intelligent investor in any field.

In the late 2010s, a significant number of black Americans began researching Bitcoin with enthusiasm. They saw the promise of its blockchain technology, a distributed ledger that provides an immutable record of transactions. They watched the price movement of bitcoin hitting record highs, which doubtlessly appealed to them as well.

Many bitcoin investors started investing in cryptocurrency during that period — a time that later coincided with the distribution of COVID-19 stimulus checks in 2020. Millions of people who had never had much to invest or save suddenly had cash on hand, and many chose to put them into bitcoin.

The Crypto Bubble

Following this period, in which many black investors found bitcoin, the overall crypto market has started to shrink.

Black investors were among the thousands of Americans who witnessed their cryptocurrency holdings disappear after these digital currencies entered into a winter market.

So far, cryptocurrencies have lost more than $2 trillion in value over the last year, which has seen bitcoin plunge from highs of $69,000 reached in November 2021 to the current price of about $20,000 per coin.

The crypto crash hit black Americans as hard or harder than any other demographic community, in part because bitcoin had become so popular in that community. According to data collected by Harris Poll, 23% of black Americans own digital assets, while 11% of white Americans own such assets.

The crypto market fall has been costly and tragic, but that has not deterred many within the Black community, as they have such a strong desire to discover financial autonomy.

Addressing Financial Inclusion

Bitcoin naturally holds practical appeal for small-dollar investors from historically marginalized communities who distrust traditional finance. For instance, Black Americans can purchase BTC on digital platforms without a credit check, a step that may hold them back from financial inclusion in other assets.

Many Black investors have invested funds into bitcoin because they found it hard to build generational wealth in the traditional system. Overlooked by investment managers and discriminated against by banks, many Black investors have turned to more sovereign opportunities.

This long history of discrimination around investments explains why the world now witnesses a wide demography of interest and inclusivity in Bitcoin — because it is new, open and has fewer barriers to entry.

Another reason why people of color are adopting Bitcoin at a higher rate than others is likely because the cryptocurrency offers a cheaper remittance method than sending funds through banks.

Surviving In A Bear Market

It is true to say that the cryptocurrency market can be a risky place due to its volatility. Profits are made and lost within minutes. But despite this, many black investors have remained bullish on Bitcoin.

A good example of a successful black cryptocurrency investor can be found in Jefferson Noel, a 27-year-old. Noel gained his first exposure to cryptocurrency in January 2019 when he accidentally invested $5 in bitcoin while using a payment platform called Cash App. By May 2020, the value of his unintentional investment rose to $70. This inspired him and, as a result, he put another $20,000 of his savings into cryptocurrency. Recently, Jefferson said he is buying more altcoins despite persistent losses that have seen more than 20% of his cryptocurrency investment wiped out this year. Clearly, Bitcoin opened his eyes about becoming a more active investor.

Another can be found in Charlene Fadirepo, a banker who used to work at the Federal Reserve’s inspector general’s office, who has become a convicted bitcoin holder.

“Last year, she and her husband bought $6,000 worth (of bitcoin),” Time reported. “No investment has ever generated the kinds of returns for them that Bitcoin has.”

In A Nutshell

A lot can be learned from Black investors as they demonstrate that having the right mindset and resilience to deal with setbacks is the key to successful Bitcoin investing. Those who want to make money through bitcoin investing should be willing to hold on to their investments through the ups and downs and consider the fact that it can grant a form of financial security that is often barred from the underbanked. For many, this can be much more valuable than any quick gains.

This is a guest post by Nicholas Otieno. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

- Dylan LeClair And Sam Rule
Bitcoin Price And Risk Assets Jump In Correlated Move

Bitcoin price correlates with high-beta stocks in the recent move upward. Global liquidity is increasing as financial conditions loosen.

The below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

An independent bitcoin rally or a high-beta move? Either way, bitcoin holders are celebrating the latest action to start 2023. Bitcoin has shown some significant momentum and has powered through every key short-term price level across daily moving averages and on-chain realized prices. In fact, every major high-beta play in the market is showing the same strength which gives us more caution than confidence in this latest short squeeze highlighted last week in “Bitcoin Rips To $21,000, Shorts Demolished In Biggest Squeeze Since 2021.”

As much as we would like to see an independent bitcoin move higher, there’s plenty of signs in the market showing the opposite is likely. We’ve seen a relatively meaningful bounce in the most oversold names of 2022, with a short squeeze and subsequent round of FOMO off the 2022 lows. 

Bitcoin versus high beta returns.

This recent risk rally has seen implied equity market volatility drift to new lows as the U.S. dollar continues to weaken over the short-term, National Financial Conditions Index (NFCI) loosens and global M2 money supply contracts at a much slower pace relative to the last few months. 

Global M2 mapped against bitcoin's year-over-year growth. Source: Bloomberg

Net liquidity, a model we highlighted in our previous piece, shows a contraction compared to last year but hasn’t changed much over the last few months. If we’re to see a sustained rally continue, we’d like to see growth in net liquidity over the next couple of months to be the main driver accompanying this move.

In their recent meeting minutes, members of the Federal Reserve expressed concern about the “unwarranted easing in financial conditions” caused by the run-up in risky assets and subsequently hindering their efforts to cool inflation.

With the Bank of Japan deciding on whether to loosen their monetary policy, this could cause the carry trade to unwind. We view this to be one of the few ways where both the dollar could fall at the same time as global equity markets weaken, with equities repricing due to rising costs of U.S. capital.

Like this content? Subscribe now to receive PRO articles directly in your inbox.

Relevant Past Articles:On-Chain Data Shows 'Potential Bottom' For Bitcoin But Macro Headwinds RemainLiquidity, The Central Bank Balance Sheet & BitcoinWhat To Expect When You’re Expecting VolatilityThe Fuel For Next Bull RunBitcoin Short Sellers Get SqueezedCaution: Bear Market RalliesWhen Will The Bear Market End?
- Tom Carreras
Mango Markets Sues Avraham Eisenberg
Applied game theorist Avraham Eisenberg is getting sued by Mango Labs for exploiting their protocol in October. He is already facing charges from the Department of Justice, Commodity Futures Trading...
- Tom Carreras
“Bitcoin Jesus” Roger Ver Owes Genesis $20M
Roger Ver apparently owes Genesis $20 million. He was previously accused by crypto exchange CoinFLEX of defaulting on a $47 million obligation. Bitcoin Jesus Loves Leverage 2022 must have been...
- Tom Carreras
Vitalik Buterin Outlines Stealth Address Possibilities on Ethereum
Ever concerned with providing privacy-protecting tools to Ethereum users, Vitalik Buterin has come up with a new mechanism which may prove easy to use: stealth addresses. Fresh Addresses at Every...
- Tom Carreras
Crypto Lender Genesis Files for Bankruptcy
Digital Currency Group subsidiary Genesis Global Capital has filed for bankruptcy protection. It owes over $3.5 billion to its top 50 creditors $3.5 Billion in Liabilities After months of uncertainty,...
- Tom Carreras
Flashbots Seeks to Raise $50M at $1B Valuation: Report
Lead MEV organization Flashbots is conducting a reverse-pitching process to raise between $30 million and $50 million. The company has recently come under fire for its role in censoring Ethereum...
- Tom Carreras
Bankman-Fried Wanted Crypto Prices to Go Up to Plug FTX Hole
Members of Sam Bankman-Frieds inner circlequite possibly FTX co-founder Gary Wang and FTX chief of engineering Nishad Singhissued multiple warnings to Sam Bankman-Fried about Alamedas negative balance. If Only Prices...
- Tom Carreras
Vote on Crucial European Crypto Legislation Delayed Again
The European Union is having trouble quickly translating its proposed 400-page crypto legislation into all 24 official languages within the block; the hold-up is forcing it to push back voting...
- Tom Carreras
3AC Founders Want to Launch a New Crypto Exchange
Su Zhu and Kyle Davies want to tap into the ballooning crypto claims market by launching their own exchange. The crypto community is not impressed. GTX Three Arrows Capital is...
- Tom Carreras
SEC Files “Totally Counterproductive” Charges Against Gemini and Genesis
The SEC is accusing both Gemini and Genesis of offering unregistered securities to retail investors. Once Again Late to the Game The Genesis situation keeps getting worse. Yesterday the Securities...
- Tom Carreras
New FTX Management Has Located Over $5B in Liquid Assets
Under John Ray, FTX has located over $5 billion of company-related liquid assetsincluding cash, liquid cryptocurrencies, and liquid stocks. Locating the Funds The new management team at FTX has been...
- Tom Carreras
Gemini’s Cameron Winklevoss Calls for Barry Silbert’s Ousting as DCG CEO
Gemini made a new move against Digital Currency Group today when co-founder Cameron Winklevoss called on the companys board to fire Barry Silbert. A Campaign of Lies The tension between...
- Tom Carreras
DOJ Seizes Another $490M from Sam Bankman-Fried
Despite Sam Bankman-Frieds best efforts, the DOJ has decided to seize the Robinhood shares the FTX whiz kid bought through Emergent Fidelity Technologies. $490 Million Seized Two months after FTXs...
- Tom Carreras
What’s Happening Over at Huobi?
Huobi Global, the crypto exchange rumored to have been acquired by Justin Sun in October through an intermediary company, is beset with all kinds of rumors. Huobi has denied some...
- Tom Carreras
Celsius’ Mashinsky Finally Sued by NY Attorney General
Former Celsius CEO Alex Mashinsky is being sued by the New York Attorney General for defrauding investors and making false statements about the companys financials. Mashinsky Feels the Heat Alex...
- Tom Carreras
Coinbase Settles for $100M With Regulators Over Compliance System
Coinbase found itself overwhelmed by frantic platform adoption in 2020 and 2021, the NYDFS claimed in its filing today. This resulted in the exchange failing to maintain a robust compliance...
- Tom Carreras
DCG Drama Recap: Winklevoss Letter, Grayscale Troubles, Class-Action Arbitration
Barry Silberts woes continue as Cameron Winklevoss ratchets up the pressure, Gemini Earn customers file for class-action arbitration, and Grayscales Ethereum Trust trades at its lowest discount ever. New Year,...
- Tom Carreras
Did Sam Bankman-Fried Secretly Cash Out $1.5M?
Sam Bankman-Fried insisted he only had $100,000 left in his bank account, but he never mentioned his wallets! The crypto villain may have cashed out as much as $1.48 million....
- Tom Carreras
Chinese Government to Launch an NFT Marketplace
China is following up on its CBDC efforts with a state-sponsored NFT marketplace, which would enable the trading of digital copyrights and digital collections on a blockchain called the China...
- Tom Carreras
Avraham Eisenberg Charged with Fraud, Market Manipulation
Avi Eisenberg may have been too clever for his own good when he publicly revealed he was responsible for the Mango Markets exploit in October. It turns out the FBI...
- Tom Carreras
Pudgy Penguins Fly Off to New All-Time Highs
After spending over a year trading within the same range, Pudgy Penguins price floor has finally broken upwards and is now making new all-time highs. Pudgies in Price Discovery It...
- Crispus Nyaga
Crypto price predictions: Solana, Theta Network, HOOK

Solana price has formed a triple-top pattern and a head and shoulders.

Theta Network has moved above the cup and handle pattern.

Hooked Protocol’s HOOK has surged above its all-time high.

Cryptocurrency prices moved sideways this week as the US dollar index continued its downward trend. Bitcoin rose above $23,000 for the first time in months while the total market cap of all cryptocurrencies rose to over $1 trillion. In this report, we will provide predictions for some of the top cryptocurrencies, including Solana, Theta Network, and Hooked Protocol.

Solana price prediction

Solana (SOL/USD) price has made a spectacular comeback as investors raise their bets that the blockchain will recover amid FTX woes. It has also been helped by the surge of NFTs traded in the ecosystem, as we wrote here. As such, Solana price soared to a high of $26.53, the highest point since FX imploded.

However, the 4H chart is sending a warning about the coin. A closer look shows that it has formed what looks like a triple-top pattern whose neckline is at $20.48. This pattern also has a close resemblance to a head and shoulders pattern. The two patterns are some of the most bearish patterns in the industry.

Therefore, there is a likelihood that Solana will have a bearish breakout in the coming days as sellers target the neckline of the two patterns at $20. This price is about 15% below the current level. It is also slightly below the 23.6% Fibonacci Retracement level.

SOL/USD chart by TradingView

How to buy Solana


eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Buy SOL with eToro today Disclaimer


Public is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.

Buy SOL with Public today Disclaimer

Theta Network price prediction

Theta Network and TFUEL prices jumped sharply as investors cheered the recent launch of Theta EdgeStore. EdgeStore is a new component of the Theta Edge Node software that is run by thousands of people around the world. Once fully launched, the platform will make it possible for people to store their documents and files in a decentralized manner. Some of the files that will be stored in it are NFTs, video, software packages, and metaverse projects among others.

Turning to the 4H chart, we see that the THETA price has been in a strong bullish trend in the past few weeks. It managed to cross the important resistance level at $0.9821, the highest level on November 27. This was an important price since it was the upper side of the cup and handle pattern that formed. Therefore, by measuring the distance of the upper and lower sides of the cup, we can show that Theta price has more upside.

THETA/USD chart by TradingView

How to buy Theta Network


eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Buy THETA with eToro today Disclaimer


Binance.US provides secure and reliable access to the world’s most popular cryptocurrencies, with some of the lowest fees in the industry.

Buy THETA with Binance.US today

Hooked Protocol price prediction

HOOK price has been in a spectacular rally in the past few weeks because of the remarkable popularity of Wild Cash. It rose to an all-time high this week, bringing the year-to-date gains to over 200%. The coin has moved above all moving averages and the previous all-time high of $3.40. Therefore, using the trend-following approach, the coin will likely continue rising as buyers target the important resistance point at $4. 

HOOK chart by TradingView

How to buy Hooked Protocol

The post Crypto price predictions: Solana, Theta Network, HOOK appeared first on CoinJournal.

- Dan Ashmore
Key Takeaways The Bitcoin hash rate is the amount of computing power contributed towards mining It has continued to take new all-time highs This squeezes miners’ profitability, at a time when electricity costs have risen and the Bitcoin price has fallen Overall, a high hash rate implies a healthy and more secure Bitcoin network


“All-time high” is a phrase I haven’t used in a while when covering the cryptocurrency space. But if you look, there is something that continues to hit higher highs, and that is the Bitcoin hash rate.

Bitcoin’s hash rate refers to the amount of computing power that is being contributed to the network through mining. And as the chart below shows, its inexorable rise during the pandemic does not seem to be slowing down. But what does this mean, and why is it rising?

What is the Bitcoin hash rate?

Gone are the days when anyone could mine on their personal computer. Today, mining is dominated by large mining pools, using specialised computers specifically designed for this purpose.

The practice of mining actually involves these computers solving complex mathematical puzzles. Once this puzzle is solved, the latest block of transactions can be validated and attached to the blockchain, before the process repeats regarding the next block and the next mathematical puzzle. Once a puzzle is solved and a block validated, the miner responsible for this work gets paid in newly created bitcoins.

This is all very complicated, but what is important to understand is that Bitcoin is programmed to release a specific number of Bitcoin over time, with the blockchain coded such that a new block is added (validated) every ten minutes.

But as more computers join the network and the hash rate increases, these puzzles should get solved quicker, meaning quicker block time and more bitcoins released. Right? Well, here is the thing. A difficulty adjustment is coded into Bitcoin – that means that the more computing power that joins the network, the harder it is to solve those puzzles.

Don’t ask me how this works, because I don’t even come close to understanding what is under the hood of the mythical beast that is the Bitcoin blockchain, but the main point is that as more miners join, the difficulty goes up.

And as Bitcoin has become more popular (and risen in price), that is exactly what has happened. More miners have joined the network, and today it is a highly advanced process. Ten years ago, when only few miners existed, you and I could have pulled out our laptops and mined to a reasonable degree.

Why is at all-time highs?

There are a number of reasons why hash rate continues to surge to new highs. But the bottom line is that the increase in miners causes the hash rate to climb.

Thus the question really asks why miners are continuing to join, when the price of Bitcoin has been plummeting. There are a couple of potential answers here.

The first is that during the pandemic bull run, mining equipment was scarce and prices for items such as chips were sky-high. Many miners ordered new mining rigs during the bull run, but only received the equipment recently (or some, not even yet).

Additionally, as the price of Bitcoin fell, the profitability of mining also decreased, given miners’ revenue is denominated in Bitcoin. New mining equipment has been developed and is selling for a lower price than previously, helping to push the number of miners higher.

One other theory is the Ethereum Merge. This took place in September, when Ethereum transitioned from Proof-of-Work to Proof-of-Stake, meaning mining on the network ceased. Hence, some of these out-of-work Ethereum miners transitioned across to Bitcoin mining.

What does a higher hash rate mean?

The first consequence of an increasing hash rate is obviously greater pressure on miners. More competition and a higher required hash rate squeeze their profitability, especially at a time when electricity costs have risen and revenue (Bitcoin) has fallen.

The best way to see this is to glance at the share price action throughout 2022 of some of the public mining companies.

On the positive side, the Bitcoin hash rate is considered a security metric for the network. The higher the hash rate, the more secure the network, so in that context, the all-time high represents a good thing.

This is why a high hash rate is generally looked upon favourably, as it implies a healthy network. Only problem is, miners are feeling the squeeze.

The post What is the Bitcoin hash rate? And why is at all-time highs? appeared first on CoinJournal.

- Charles Thuo
The price of the Fantom token, FTM, has risen by 5.9% today. Its price has risen by more than 52% in the last week. The Fantom ecosystem is preparing for a number of upgrades in the coming days.

Fantom (FTM) price is leading the current crypto market recovery after registering a 128.8% price surge over the past 30 days. The bullish trend has gained momentum over the past week after Fantom announced the launch of an on-chain funding system Ecosystem Vault.

FTM has surged by more than 52% since the Ecosystem vault was launched and investors are expecting further price movement ahead of a number of upcoming upgrades.

Expected Fantom upgrades

Fantom is designed as a Directed Acyclic Graph (DAG) smart contract blockchain providing decentralized finance (DeFi) services to Decentralized Applications (DApps) developers. The blockchain has seen tremendous growth due to its unique design and capabilities.

Fantom’s Chief Marketing Officer (CMO), Simone Pomposi, recently announced that the Fantom community should be ready for a number of upgrades according to the blockchain’s revised roadmap.

One of the highly anticipated upgrades is the new “Go-Opera’s profiling and bottleneck identification” database dubbed Carmen.


New Database: Carmen

— Simone Pomposi (@theotherpomp) January 26, 2023

Carmen will allow faster cryptographic hashes and customization of Fantom.

Besides the new database, Fantom is also gearing up for a new virtual machine dubbed Toscha, increased mainnet performance so that it can be eight times faster, and reduced storage requirement by 98%.

The post Several upgrades coming to Fantom: FTM price up 52% in 7 days appeared first on CoinJournal.

- Wajeeh Khan
Dutch Central Bank announces a $3.6 million fine on Coinbase. It says the crypto exchange has been in a regulatory violation. Shares of Coinbase Global Inc ended roughly flat on Thursday.

Coinbase Global Inc seems to be up for another regulatory fine.

On Thursday, the Dutch Central Bank forced a $3.60 million penalty on the cryptocurrency exchange for failing to comply with the domestic regulations.

What regulation did Coinbase not comply with?

In May 2020, Netherlands made it mandatory for businesses wanting to launch crypto-related services to register with the DNB first.

But Coinbase, as per the central bank, did not go through such a registration and, therefore, was in regulatory violation for nearly two years; between November 2020 and August 2022. The DNB said:

Coinbase has enjoyed a competitive advantage in that it has not paid any supervisory fees to DNB or incurred other costs in connection with DNB’s regular supervision activities.

Last year, the regulator had hit its peer Binance with a $3.35 million fine as well.

Coinbase recently settled with the NYDFS as well

According to the Dutch Central Bank, the said non-compliance might have made the Financial Intelligence Unit miss a bunch of suspicious transactions through September of 2022.

Nonetheless, Coinbase can appeal the penalty until March 2nd. Earlier in January, it signed a $100 million settlement with the New York Department of Financial Services (NYDFS) as well.

A day earlier, Mizuho analyst Dan Dolev warned of a potential 40% downside in Coinbase stock (as Coin Journal reported HERE) that ended roughly flat on Thursday.

Analysts expect the crypto company to report a $2.39 per share loss in its current quarter. A year ago, it had $3.32 of EPS instead.

The post Coinbase fined for operating in the Netherlands: here’s why appeared first on CoinJournal.

- Benson Toti
Aave holders approve major technical upgrade dubbed Aave Ethereum V3. The vote results showed a total of 706,258 AAVE, or 100% support. Aave Ethereum V3 is set for activation following the governance vote.

The Aave community has approved an Aave Improvement Proposal (AIP), a governance proposal seeking to activate Aave V3 on the Ethereum network. 

A total of 706,258 AAVE was staked as 100% of the vote supported the technical upgrade, which will also list WBTC, WETH, wstETH, USD Coin (USDC), DAI, LINK, and AAVE. The community had already pre-approved the tokens.

The community has spoken and we have the light to deploy Aave Protocol V3 on Ethereum Mainnet. More details to come tomorrow,” the Aave team tweeted.

The proposal was created on 22 January 2023, while voting started a day later and ended on 26 January 2023 at 05:48 UTC +03:00 (Block height 16488207). Currently, the proposal is shown as “queued” on the Aave website, with details that this can be executed within 12 hours.

Aave V3 already deployed on other major chains

Aave V3 is a highly anticipated upgrade set for the Ethereum mainnet,with the improvement proposal following the decision to have V3 deployed afresh instead of a software update to the existing V2 pool.

Notably, AAVE V3 is already live on various major networks, having deployed in March on 2022 on Avalanche, Arbitrum, Optimism and Polygon. But while V3 introduced architecture flexibility and improved composability, the same features did not go live on Aave’s largest market.

Currently, Ethereum accounts for over $5 billion in total value locked (TVL) on Aave’s V2 protocol.

The upcoming upgrade will increase compatibility across V3 pools and reduce general complexity, the AIP read.

The post Aave holders approve AAVE V3 upgrade on Ethereum appeared first on CoinJournal.

- Benson Toti
SEC has denied the Ark Investment and 21 Shares joint spot Bitcoin ETF application. The agency says proposal failed to meet requirements as per securities laws, citing fraud and manipulative practices once again. It’s the second time the SEC has rejected an ETF proposal by the two firms, after denying the first one in April last year.

The US Securities and Exchange Commission (SEC) has disapproved a proposal seeking to list a spot Bitcoin exchange-traded fund (ETF) for the US market.

In a document published on Thursday, the US securities market watchdog said it had rejected the application by Cathie Wood’s Ark Investment and Swiss cryptocurrency investment firm 21Shares. 

The Ark 21Shares spot Bitcoin ETF had been proposed for listing on the Cboe BZX Exchange.

SEC denies Ark 21 Shares Bitcoin ETF again

The Commission’s order disapproving the two companies’ ETF application noted that BZX did not “demonstrate that its proposal is consistent with the requirements of Exchange Act Section 6(b)(5).” 

Specifically, the exchange failed to demonstrate that it could prevent fraud and other manipulative practices as well as protect those looking to invest in the product.

The Commission further concludes that BZX has not established that it has a comprehensive surveillance-sharing agreement with a regulated market of significant size related to spot bitcoin, the underlying bitcoin assets that would be held by the Trust,” reads part of the SEC’s reasoning for disapproval.

This is the second time the agency has rejected a spot Bitcoin ETF proposal by Ark Investment Management and 21Shares. The SEC dismissed a similar application in April, a move that prompted the two firms to submit a fresh one last May.

The SEC has also disapproved of multiple other spot bitcoin ETF applications, including one by Grayscale Investment, which sought to convert the Grayscale Bitcoin Trust (GBTC) to a BTC spot ETF. The asset manager filed a lawsuit against the agency following the agency’s move in June 2022. 

The post SEC rejects Ark 21Shares’ spot Bitcoin ETF again appeared first on CoinJournal.

- Benson Toti
El Salvador is the first country that recognised Bitcoin as legal tender. Bitcoin City has been recognised as a sustainable and highly efficient project. El Salvador is building the new city in the country’s East, with clean energy entirely sourced from nearby volcanoes.

El Salvador made history when it became the first country in the world to adopt Bitcoin (BTC) as legal tender. The country also announced an ambitious project dubbed ‘Bitcoin City’ – a move that continues to inspire many other nations and jurisdictions across the world.

Importantly though, and in one of the many positive news around the El Salvador Bitcoin bet, the eco-friendly project Bitcoin City has just received international recognition.

According to a news report by Noticias de Bariloche, Bitcoin City won an award after getting a thumbs up approval from a panel of experts over its architectural design.

The award was given by LOOP, a Costa Rica-based sustainable architecture and design studio. Per the the LOOP Designs Awards 2022 website, Bitcoin City was picked as category winner from a pool of 705 submissions from 56 countries.

Volcano-powered Bitcoin city

EL Salvador’s Bitcoin City is a new city project under development in the country’s East, and is designed by Fernando Romero Enterprise EE, a Mexico-based design studio. The project features revolutionary urban planning with Bitcoin and nearby volcanoes powering financial investments and everyday activities.

The two volcanoes (Tecapa and Conchagua) will provide clean energy.

A number of incentives for investors will make this city a reference on how to make a city both efficient and sustainable at the same time,” LOOP wrote in a brief description of the project.

As CoinJournal previously reported, building Bitcoin City is expected to take at least ten years.

El Salvador proves critics wrong on Bitcoin bet

On Tuesday, El Salvador president Nayib Bukele slammed international media for their negative reporting on the country since it adopted BTC as legal tender. His comments came as the country repaid in full its $800 million in maturing bonds – despite Bitcoin price plummeting in 2022.

Mainstream media reports had pointed out that El Salvador risked defaulting on the payments if it failed to strike a deal with the International Monetary Fund (IMF). President Bukele slammed the forecasts by “experts” and rating firms for their “lies”.

Yesterday, El Salvador demonstrated that the big media, the “experts”, the financial analysts and the credit rating agencies, shamelessly lie to the people, their audiences and their clients.

The next time they say anything, remember that.

— Nayib Bukele (@nayibbukele) January 24, 2023

The post El Salvador’s Bitcoin City wins architectural design award appeared first on CoinJournal.

- Benson Toti
Toncoin (TON) options went live on the crypto derivatives exchange BIT on Thursday, 26 January. TON is now the third cryptocurrency available for options trading on BIT, adding to Bitcoin and Ethereum. The options product will also go live on institutional liquidity network Paradigm in early February.

Crypto derivatives exchange BIT has launched options trading for Toncoin (TON), the cryptocurrency native to The Open Network (TON) ecosystem. 

Options, which is a contract that allows a trader the right to buy or sell an asset, is one of the most popular crypto derivatives products in the market.

According to details shared with CoinJournal via a press release on Thursday, trading options for the digital token will also go live on Paradigm in early February. Paradigm is a leading institutional-focused derivatives liquidity network.

BIT adds TON to product suite

Until BIT’s launch of the TON options trading, market participants could only access options pegged on the world’s two largest cryptocurrencies by market cap – Bitcoin (BTC) and Ethereum (ETH).

The product is a result of a partnership between BIT, leading crypto market maker DWF Labs and liquidity provider Darley Technologies,, the BIT team noted in the press release.

According to the derivatives exchange, the launch of Toncoin options could see the digital token attract more institutional investors and other big money players, offering a low-risk avenue for this group of investors to gain exposure to the market.

Data from CoinGecko shows that TON ranks 23rd among the largest cryptocurrencies by market cap. At the time of writing, the Toncoin market cap stood at around $3.5 billion, with the price of TON token changing hands near $2.38 and up 6.4% in the past 24 hours.

The post Toncoin (TON) options goes live on Bitcoin exchange BIT appeared first on CoinJournal.

- Alice Davies

It’s a rare occasion for a project to come along that looks to have the potential to disrupt a $200 billion industry massively. It’s even rarer to find that project as a crypto presale, where investors have the chance to acquire tokens at discount prices before the value explodes.

Metacade is looking like it could be one of those opportunities, with more and more savvy investors quietly flocking to the presale, as shown by the project making an incredible $3.5 million in just 9 weeks.

What is Metacade?

Metacade has laid out plans to build an incredible play-to-earn (P2E) arcade in the metaverse, revolutionizing gaming by redistributing gaming industry profits back to the gamers themselves, allowing them to connect with friends and play their favorite gaming titles all in a single, comprehensive gaming community hub. 

This P2E arcade looks set to become the largest across the entirety of the crypto world, which would put Metacade in a pole position to benefit from a huge network effect and capture a huge slice of the growing crypto-gaming space.

How does Metacade work?

Metacade, currently in its crypto presale, is centered around the fantastic P2E arcade but also features a broad set of complementary features. One continuous theme across the platform is rewards, with many opportunities for users to earn tokens for a range of different actions.

Users are rewarded not only for playing games in the P2E arcade but also through competitive and tournament gaming, allowing those who enjoy the challenge to take on the community of players for the chance to earn prizes and token rewards. Users who contribute to the platform, through providing alpha or writing game reviews, for example, can also earn rewards which provide an incentivization structure for users to help improve and grow the platform over time.

The use of rewards in this way means that the project is likely to see a surge in adoption as its roadmap goes live, building a large amount of momentum for the project and enabling it to reach critical mass very quickly. Once that user base is in place, the project will benefit from the network effect, helping user retention and ensuring ongoing growth of the project.

The project is fuelled by the utility token MCADE, which plays a key role in the functioning of the platform. Not only is MCADE a critical component of the arcade system and entry to the platform for users, but it’s effectively the project’s currency. Tokens are used for everything from buying merchandise to tournament entry, ensuring that as adoption grows, there is more and more demand for MCADE generated in parallel.

MCADE can also be staked, meaning that holders patient enough to wait for the inevitable price increase over time can also earn a passive income. Temporarily committing their MCADE tokens will support the platform’s security and development.

Another key innovation is the Metagrants initiative, which provides MCADE holders with the ability to vote on projects pitched to the community by talented game developers. MCADE holders’ votes determine which projects are funded – and then released on the platform – meaning that they have a direct say in the future direction of the platform.

Can MCADE reach $1?

With the extremely high potential that Metacade offers, it won’t surprise anyone that there is already talk about just how high the token price for MCADE might go, despite it being in the early stage of its crypto presale.

While $1 might sound like a huge increase from the presale prices, if Metacade can secure even just 2% of the $200 billion gaming market as their market cap, the price of MCADE would be $2 — a staggering 250x on the token price during the beta stage of the presale!

Is Metacade a good investment?

Metacade is already shaping up to be a strong candidate for the best coin to invest in during 2023, with an incredible amount of interest in the project due to its potential. Investors looking to get involved will need to act quickly, as the Metacade crypto presale does not look like it will last long.  

You can participate in the MCADE presale here.

The post Metacade – The Biggest GameFi Arcade in Crypto Presale Now appeared first on CoinJournal.

- Adam Tracey
Top 30 Crypto Movies & Documentaries
Top 30 Crypto Movies & Documentaries

Have you had the itch to watch some movies about crypto? Maybe you like to learn a few things watching crypto documentaries, in either case this list has plenty of stuff to check out that should keep you entertained for quite some time.

Bitcoin: The End of Money as We Know It (2015)
From the days of bartering in early societies to today's modern highly-digitized money, this documentary looks at what exactly money means and how Bitcoin could be an alternative to currencies backed by little more than debt. While only coming in at around an hour, this brief yet informative film provides an interesting overview of bitcoin and how it could affect the concept of money in the world today.

The Rise and Rise of Bitcoin (2014)
Growing obsessed with the cryptocurrency Bitcoin after discovering it in 2011, a 35-year-old computer programmer takes you on a journey to explore this incredible technology and its impact on the world. Investigate this new technology through various stories from startups, entrepreneurs, and other colorful characters who make up the Bitcoin community together.

Crypto (2014)
If you’re looking for a little fictional crypto action, you may find it with the film Crypto from 2014. A banker becomes involved in an investigation of corruption and fraud after being demoted and transferred back to his hometown. You might enjoy this thriller with some action, drama, and cryptocurrency themes, including crypto mining.

Cryptopia: Bitcoin, And the Future of The Internet (2020)
Award-winning producer/director Torsten Hoffmann takes a closer look at Bitcoin and the evolving blockchain industry. He sets out to explore whether this technology, designed to operate without trust or centralization, can provide a viable alternative to the Internet as we know it. Through interviews with leading experts in the field, Hoffmann uncovers the potential of blockchain technology and its implications for the future.

Where Did Bitcoin Come From? – The True Story (2021)
ColdFusion is a great source for science, technology, history, and business content. It's an independently run Australian media company that offers calm, relaxed coverage of any and all topics you're interested in. Where Did Bitcoin Come From explores Bitcoin, where it came from, and why it all matters.

Trust Machine: The Story of Blockchain (2018)
Trust Machine is a documentary exploring blockchain technology's potential to change the world for the better. Featuring insights from some of the leading minds in the field, the film covers a wide range of topics related to cryptocurrency, blockchain, and decentralization. Whether it's solving world hunger or income inequality, Trust Machine showcases how this cutting-edge technology can make a real difference in people's lives.

Bitcoin: Beyond the Bubble (2016)
Explore the exciting world of Bitcoin! Here, people are in control of their own money for the first time ever – no banks or governments are required. But how did this digital form of currency come to be? How does it work? And is it here to stay, or just a passing fad?

Banking On Bitcoin (2009)
Find out about the players who are bringing Bitcoin and blockchain technology into the mainstream. Furthermore, explore the clash between different factions who care about this new technology for their own reasons.

The Bitcoin Gospel (2009)
While early on, Bitcoin was dismissed by many as a novel concept that was unlikely to go anywhere, times have changed as people around the world started to pay attention to this growing enigma. This documentary is a great look into the earlier days of Bitcoin and many of the people that were involved early on and shared Bitcoin with the world.

Hodl - A Bitcoin Short Film (2020)
If you enjoy a comedic short, Hodl is a great little watch, and it’s concerningly relatable to some of us in the cryptocurrency space while also holding a useful lesson or two presented in a fun way. It’s a quick one, but it’s worth your time.

Magic Money: The Bitcoin Revolution (2017)
Magic Money is another interesting documentary exploring the mysterious origins of Bitcoin and the questions still surrounding it alongside its potential roles in society. Will it shape the future in unforeseen ways? Is this the revolution for which we've all been waiting?

The Blockchain and Us (2017)
Is the concept of blockchain the modern equivalent of the invention of the airplane? Listen to interviews with software developers, researchers, cryptologists, and many more from a range of places on their thoughts about this intriguing technology. Use this documentary to start a conversation of your own or at least provoke more than a few thoughts on the subject of blockchain.

Deep Web (2015)
While not purely about cryptocurrency, Deep Web covers the story of the well-known Ross Ulbricht, and the Silk Road is one that catches the attention of many. Whatever your thoughts are on the topic, it's an interesting part of history that is worth understanding.

Banking on Africa: The Bitcoin Revolution (2020)
The banking system is something many of us take for granted, but for many people in Africa, this isn't the case. However, many in the region are turning to cryptocurrency not only as a potential solution but to take back even more control than traditional banking could provide.

CryptoRush (2020)
Have you ever felt confused when trying to understand the key principles involved in cryptocurrency, perhaps Crypto Rush could be the answer. This film attempts to explain crypto in an easy-to-understand way, making it approachable to just about anyone.

Bitcoin Heist (2016)
A film from Vietnam, BItcoin Heist is a fast-paced action film with a comedic twist. If you’re looking for something fun, this one might just be your ticket. Follow special agents taking on a team of thieves and the chaos that ensues.

Dead Man's Switch: A Crypto Mystery (2021)
A fantastic documentary film covering the disaster that was QuadrigaCX and its questionable founder Gerald Cotton. It’s got mystery, outrage, and even a few familiar faces you may have seen around the cryptocurrency scene. It’s a great option if you’re looking for a cryptocurrency-related documentary to check out!

Decrypted (2021)
If you’re a fan of dark comedies, you may enjoy Decrypted. The story involves a mismatched NSA team that somehow manages to kidnap the creator of Bitcoin to attempt to gain information to put an end to the cryptocurrency revolution.

NFT (2022)
Also known as CryptoHorrors in some regions, NFT is a movie about a group of friends buying into an NFT collection that just so happens to be cursed. If you’re feeling like some crypto-related horror, this might just be what you should watch.

Agent X the movie (2019)
Agent X is a movie about a former military contractor who has become a secret agent and is sent on a mission. However, things are rarely that easy, and he ends up tangled in a mess involving cryptocurrency, bitcoin mining, and much more.

Virality (2017)
In Virality, four stories intersect with a Bitcoin heist, each involving different characters dealing with their own struggles in a developing society.

Bitcoin: The End of Money as We Know It (2015)
Looking for a crash course on Bitcoin, money, and cryptocurrency more broadly. Well, check out this one for some insights to help you get up to speed if you’re new to the cryptocurrency scene.

StartUp (2016-2018)
While not a movie or a documentary, this TV show ran for several seasons and has moderately high production values, so if long-form productions are more the thing for you, check out StartUp, where cryptocurrency plays a significant role in the storyline. Better yet, you can likely find this crypto show on Netflix or other streaming platforms in your region.

The Great Reset and the Rise of Bitcoin (2022)
Another interesting documentary exploring the economic impact Bitcoin can have on society, money, and how we exchange value with one another in the future. As the gold standard has begun to feel like stone-age technology, is Bitcoin the way forward?

Monero Means Money: Cryptocurrency 101, Live from Leipzig (2020)
Are you a privacy advocate with an interest in cryptocurrency or someone already excited about the potential for Monero? In either case, this crypto documentary could be a great watch for you. Spend a little time with this one and find out why fungibility matters.

Trust No One: The Hunt for the Crypto King (2022)
Another deep dive into the chaos surrounding the QuadrigaCX collapse and its extremely questionable founder. Should you believe everything you hear? Or is there much more to the story than meets the eye?

The Second Target (2019)
If you don’t mind delving into the odd low-budget movie, this cryptocurrency film could be worth your time. Coming with some mixed reactions, it’s likely you’ll either love or hate this one, but why not find out for yourself? In either case, it’s always great to support these sorts of lower-budget adventures in film.

Finding Satoshi Nakamoto (2015)
An attempt to find the ever-mysterious creator of Bitcoin. Have they found the man himself, or is he still just as elusive as ever? While you likely know the answer, sometimes you can still enjoy the journey even if you already know the destination.

The Fakefluencer (2021)
Follow a man looking for answers after a cryptocurrency investment goes wrong. In a mockumentary format, this one is sure to provoke a few laughs and may even feel a little relatable at times if you’ve ever been in the same situation.

Crypto Stew (2019)
There are a few quirky short films where the subject and cryptocurrency, and this is one of them, it’s a pretty light-hearted affair that doesn’t take itself too seriously, but it is good for a quick laugh and will only snag a few minutes of your time.

Thanks for Reading

We hope you enjoyed this list as much as we did putting it together. Did we miss any of your favorites? Let us know! If you’re considering diving into crypto after checking out some of these, be sure to check out LocalCoinSwap if you aren’t already part of our great community.

- Adam Tracey
The Ultimate List of VPNs that Accept Crypto
The Ultimate List of VPNs that Accept Crypto

Are you looking to grab a VPN subscription but want to show your support for crypto simultaneously? As it turns out, many companies offering VPN services have jumped to support cryptocurrency payments, so you have an extensive range of options to choose from.


Official Site:
Accepts: Bitcoin, Ethereum, XRP

One of the most well-known VPN providers globally, ExpressVPN boasts high-speed servers in 94 countries, so you should be covered from just about anywhere. In addition, they have broad app support for everything from your iOS devices to your PC, enabling you easy access to ExpressVPN on any of your devices. While they don’t have a massive range of accepted cryptocurrencies, they support Bitcoin and Ethereum, which should keep most people happy. In addition, ExpressVPN tends to provide excellent support for those looking to bypass geoblocking for streaming services like Netflix or Hulu. ExpressVPN is known for having very decent speeds on most of their servers, so if you're looking for the fastest VPN on the market, depending on where you live ExpressVPN might fit the bill.

The Ultimate List of VPNs that Accept CryptoSurfshark

Official Site:
Accepts: Bitcoin (BTC), Ethereum (ETH), XRP, and Litecoin (LTC)

One of the comparatively newer players in the VPN game, Surfshark has grown to be quite a significant offering. They seemingly always have a deal going and like to stack on some bonus features to get a few extra eyes on their product. Unlike some other large providers, Surfshark doesn’t limit your device count and is quite competitively priced, making it one of the nicer VPNs to consider if you’re looking for a VPN company that accepts cryptocurrency payments. Speeds are typically very reasonable as well so you shouldn't run into issues there either. Surfshark is one to check out, especially with their recent launch of a full GUI Linux app which not many other providers offer.

The Ultimate List of VPNs that Accept CryptoProtonVPN

Official Site:
Accepts: Bitcoin (BTC)

If you’re a fan of Prontonmail, one of the best email providers around for the privacy-conscious, you might just find your answer to the best VPN for you in ProtonVPN. Sometimes it’s nice to be able to minimize your subscriptions and keep as many things bundled together to avoid you forgetting precisely who is offering you what, so if you’re already using Protonmail, it’s a bit of a no-brainer. Proton is big on privacy and security, has an excellent interface for their VPN if you prefer that visual experience, and a speedy 10Gbps server network offering respectable speeds. There’s even a free version on offer that doesn’t sponsor itself with advertising or farm your data; instead, it’s subsidized by paid subscriptions which is a great to see and a fantastic way to support those that can benefit most from a VPN but may not be able to afford a paid plan.

The Ultimate List of VPNs that Accept CryptoNordVPN

Official Site:
Accepts: Multiple

Another heavy hitter in the VPN realm, NordVPN, is another to consider if you’re looking for one of the big plays with a high server count. With one subscription, you can use up to six devices at the same time connected to NordVPN, which should cover the needs of most people. However, it’s still a noteworthy limitation that not VPN providers place on you. A 30-day money-back guarantee is offered, so they seem confident about their services which is always nice to see. If you’re a traveler regularly signing in from different regions, you’ll find yourself at home with a VPN like NordVPN that provides comprehensive coverage and high-server counts.

The Ultimate List of VPNs that Accept CryptoPrivate Internet Access (PIA)

Official Site:
Accepts: Multiple

PIA claims 15 million customers and over ten years in the industry, making them a fairly well-established company. One of the downsides of opting for the latest and greatest offering by new entrants to the VPN market is that you never know how long they will stick around. One of the more interesting features offered by PIA is a desiccated IP, which, if you’ve ever experienced frequent captchas on commonly used websites while connected to a VPN, you are sure to appreciate. Other excellent features include WireGuard support, split-tunneling support for more advanced users, and even open-source software, which many crypto enthusiasts like to support.

The Ultimate List of VPNs that Accept CryptoMullvad

Official Site:
Accepts: Bitcoin (BTC), Bitcoin Cash (BCH)

For those that value their privacy, often even signing up for accounts using personal information can be anywhere from a downer to a dealbreaker. However, if that’s something you hate, Mullvad could be a tempting VPN to consider. They openly encourage payments using cryptocurrencies or even cash, which is rare these days, especially for online companies to offer, let alone encourage. They claim to keep no activity logs or ask for any personal information, which is also encouraging. Support seems to be lacking if you’re looking for a VPN to stream via Netflix or other providers, so if that’s essential for you, consider other options that boast good support for bypassing geo-blocking. Mullvad also has an extensive range of repositories open-sourced over on GitHub, which is always great to see and not something many providers are confident or comfortable doing. If you’re big on privacy, Mullvad deserves a look.

The Ultimate List of VPNs that Accept

Official Site:
Accepts: Multiple

While a lesser-known VPN provider, provides a noteworthy service and has some benefits that may make it more appealing than more popular VPN options. They sport Dedicated bare-metal servers, WireGuard support, and excellent speeds due to their strong network that has managed to avoid such heavy traffic due to it somewhat flying somewhat under the radar. With support for over 20 countries, most users should find servers near enough to them to be worthwhile. With support for up to 12 simultaneous connections, you can throw all your devices on a single subscription, or at least six if you’re opting to use WireGuard.

The Ultimate List of VPNs that Accept CryptoAtlasVPN

Official Site:
Accepts: Multiple

For those a bit more budget-conscious, you may be wondering where the cheapest VPN can be found, and while some are priced better than others, going for bargain bin VPNs will often result in a bad experience. However, some VPN providers are making a name for themselves for both being well-priced and having some good features and service, and one of those is AtlasVPN. With AtlasVPN, you can expect affordable pricing (at least for now) and support for modern features like WireGuard alongside multihop servers. There are some missing features like Linux support in terms of their app and a smaller network, but that won't be a dealbreaker for everyone. Streaming is supported, which leads many people to look for the best VPN deal they can find, and if that’s you, maybe consider something with a lower price and a reasonable offering, and you may just find that in AtlasVPN.

The Ultimate List of VPNs that Accept CryptoPerfect Privacy VPN

Official Site:
Accepts: Bitcoin (BTC)

If you don’t mind paying a little extra, Perfect Privacy VPN may provoke interest. They offer some features that are a little harder to find and make a good choice for more advanced users that require a little extra. You can configure multi-hop VPN chains of up to 4 servers, enjoy unlimited connections, and rest a little easier with their no logs VPN policy, which they’ve been adamantly offering since back in 2008. However, one area that they reportedly don’t handle well is streaming, so this may put many potential customers off. However, while you don’t see this provider throwing money at excessive social media advertising or the never-ending on-sale cycle that many do, Perfect Privacy has established itself. It continues to be the VPN of choice for many, so if you don’t mind a few extra dollars a month on your VPN subscription and aren’t interested in streaming over your VPN connection, you may find a plan here to suit your needs.

The Ultimate List of VPNs that Accept CryptoOvpn

Official Site:
Accepts: Bitcoin (BTC), Ethereum (ETH), Monero

Like many Swedish VPN providers, this is another that is big on privacy. You may have guessed that already, though, given they accept Monero for payments allowing you to buy a VPN with Monero, which is pretty nice already. OVPN claims not to keep any logs, personal data, or monitor your online traffic. Interestingly they opt to use modern RAM storage, and this means that even if, for some reason, their servers were seized, they’d be unlikely to hold onto any information for very long as a simple reboot would clear any stored data. Another interesting thing about Ovpn is they don’t actually require an email address to sign up, and it’s optional when using Ovpn, which is not very common even among other VPNs that claim to be the best VPN for privacy. Four simultaneous connections are supported, multihop servers, WebRTC leak protection, and even a kill switch built into their desktop app, which they recommend over the browser extension they also provide. Overall a nice offering with OpenVPN UDP/TCP support and many features for those with a thirst for online privacy.

The Ultimate List of VPNs that Accept CryptoShould you use a VPN when Buying Crypto?

VPNs are a valuable part of your toolkit when trying to maintain as much privacy online as possible. While they are not a magic bandaid that ensures privacy, they can be beneficial as part of your online security, nor should you be careless in other ways thinking that a VPN will protect you. However, sometimes a VPN can be beneficial for crypto traders, especially if you live in areas that are not crypto-friendly or regions with unstable economies that may put you at risk of having your funds stolen or otherwise taken from you. So if you’re wondering which may be the best VPN for crypto trading, keep reading.

However, it’s important to note that when using a popular VPN, you may find that your IP address gets flagged when using some crypto trading platforms, which may result in issues or even your account being locked or otherwise restricted. At LocalCoinSwap, we respect your reasonable right to privacy and provided you are following the terms of service and trading fairly, you will not face any issues for simply using a VPN.

How to use VPN to Buy Crypto?

Once you have registered with your VPN provider and have everything set up, simply connect to a nearby server and log in to your account. If you’re going to trade crypto using a VPN, it’s crucial to spend the time to find a reliable and reputable VPN provider that ideally doesn’t keep logs and respects your privacy. After you’re connected to your VPN, you can simply continue browsing as you normally would, including trading on a P2P marketplace like LocalCoinSwap.

Can I Pay for a VPN with Bitcoin?

A growing number of VPN companies support payment via Bitcoin and other popular cryptocurrencies like Ethereum or even things like Monero, which many cryptocurrency enthusiasts will find a great option. As for actually performing the payment once you reach the checkout part of the sign-up process, once you’ve selected a provider and plan, it’s generally time to choose a payment method. So, if a company supports cryptocurrency payments, it will typically be offered to you at this stage.

What is the Best VPN for Crypto Trading?

For some people, their primary use case for a VPN may be streaming while avoiding geoblocking or for added privacy when trading crypto. For others, they may do everything online with a VPN and strongly value privacy. Budget can also be a significant factor, and a wide range of offerings fall somewhere between the biggest budget VPN through to the most premium VPN options. There’s a range of reasons to use a VPN, and not everyone will have the exact same needs, be in the same locations, or have the same budget. As such, the best VPN for crypto traders, or anyone else for that matter is simple, it's which ever one suits your needs while respecting your privacy the best.

- Adam Tracey
30 Cryptocurrency Books to Expand Your Knowledge
30 Cryptocurrency Books to Expand Your Knowledge

In the early days of cryptocurrency, it was challenging to find many books to soothe your thirst for more information. However, as cryptocurrency has grown into such a vibrant and thriving ecosystem of ideas and exploration, so have the options for good books on the topic. So, whatever you’re looking to learn about Bitcoin, blockchain, or cryptocurrency in general, you’ll find something on this list to add to your shelf.

Mastering Bitcoin: Programming the Open Blockchain

One of the most well-known Bitcoin books is Mastering Bitcoin by Andreas Antonopoulos, and for a good reason. It is designed to help you navigate the world of Bitcoin and understand everything you need to dive in headfirst and start embracing Bitcoin. It starts off with a broad introduction that is suitable for almost anyone and later delves into the more technical aspects of Bitcoin. So if you’re looking to increase your foundational knowledge or get a friend or family member excited about Bitcoin, this book is for you.

Author: Andreas Antonopoulos

The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology That Powers Them

Cryptocurrency and blockchains can be intimidating to those beginning to learn for themselves, but books like The Basics of Bitcoins and Blockchains are a great place to start. Start with the history and the basics of Bitcoin and other popular cryptocurrencies and move on to more advanced topics as you progress with what you’ve learned. Many topics are covered, including avoiding scams, risk mitigation, digital wallets, crypto regulations, and even the basics of using cryptocurrency exchanges.

Author: Antony Lewis

Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond

The book Cryptoassets gives you a range of insights into investigating and valuing digital assets, improving your portfolio management techniques, managing risk, and providing practical guides on various parts of the industry. While focused on the investment side of cryptocurrency, it may be a helpful way to see the cryptocurrency space from an investment perspective.

Author: Chris Burniske, Jack Tatar

Blockchain Revolution

Blockchain is an incredible technology shaping the world, and with Blockchain Revolution, you can see how this game-changing technology could affect the global economy. Blockchain has the potential to change how we deal with finances, health-care records, voting, insurance claims, and so much more. It’s a book that is approachable while still providing valuable insights. So if you’re worried about getting left behind by the revolution, jump into Blockchain Revolution yourself and learn more.

Authors: Alex Tapscott, Don Tapscott

The Age of Cryptocurrency: How Bitcoin and the Blockchain Are Challenging the Global Economic Order

Bitcoin has grown from a niche project to something that is affecting the global economy. Yet, while you can use it to purchase a range of goods and services and exchange value with others around the world, few understand what it is and why they should genuinely care about it. The Age of Cryptocurrency helps you navigate a cyber-economy and think about what the world will look like as further adoption of cryptocurrency continues.

Authors: Paul Vigna, Michael J. Casey

The Bitcoin Standard: The Decentralized Alternative to Central Banking

When Bitcoin first came onto the scene after an announcement on a small mailing list in 2008, no one had any idea of what it would go on to become. However, it has grown to be an economic and technological force that is shaking up the world in incredibly interesting ways over the years. Explore how humanity's most significant achievements have come to those with sound money and why Bitcoin helps to provide this security.

Author: Saifedean Ammous

The Book of Satoshi

The creator of Bitcoin is a mysterious figure, one that to this day has never been truly identified or proven to be any specific individual or group. The Book of Satoshi delves into the mystery surrounding this enigmatic character and helps piece together the available information about them. Satoshi Nakomoto launched the Bitcoin revolution and disappeared from the internet altogether. If you want to learn why this may have happened or just explore the mystery, this book may be an excellent fit for you.

Author: Phil Champagne

The Truth Machine: The Blockchain and the Future of Everything

The world has moved to a digital standard for just about everything. However, relying on these aging systems has put us in a position where we are less in control of our data than ever before. As a result, many are looking to move away from the legacy systems that control our data and regularly leak our valuable personal information. The Truth Machine explores how self-empowerment and much more is possible with the help of blockchain technology.

Authors: Paul Vigna, Michael J. Casey

Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money

The concept of a new currency that didn’t follow the rules of traditional systems that existed before it started out as a bit of an oddity, yet it has grown into a technology that spans a multi-billion dollar industry. People of all kinds from around the world are throwing their support behind Bitcoin as it has shown the potential to free its users from the restrictions and roadblocks that can result from relying on the legacy financial system. Digital gold starts by following the rise and early growth of Bitcoin through the eyes of many of the eccentric members of the community that took to this technology in its early days.

Author: Nathaniel Popper

Bitcoin Billionaires: A True Story of Genius, Betrayal, and Redemption

While many know of Tyler and Cameron Winklevoss from their involvement in Facebook in the early days, many in the cryptocurrency space know them for their participation and support of Bitcoin. However, after diving into the venture capital space and soon discovering that their past at Facebook was a roadblock, they found themselves faced with a new proposition of a technology that could be the biggest thing to come or nothing at all, and they bet big that there would be something to it, and were rewarded for their gamble. Learn more about how these brothers found themselves at the forefront of the early Bitcoin boom.

Author: Ben Mezrich

The Internet of Money

Many books on Bitcoin approach it from the angle of how, but not as many focus on the why, which is just as crucial to understanding the actual value of Bitcoin. Bitcoin affects more than the financial world, and Andreas explains why this new evolution is more than a digital currency. There are massive implications for Bitcoin, and perhaps it can grow to be just as powerful a technology as the internet has been for recent generations. If you’re open to exploring the more significant value propositions of Bitcoin, The Internet of Money is a book you should definitely pick up.

Author: Andreas M. Antonopoulos

Cloudmoney: Cash, Cards, Crypto and the War for our Wallets

Is cash being left behind due to the convenience of digital, or is there more to this push to remove cash from your wallet and have you filling your pockets with cards and phone with digital accounts that track every purchase? Cloudmoney tells the story of how cash has been under attack by big money lobbyists fed by tech and finance forces with an interest in moving the world to new forms of money. So what happens when we leave cash behind, is privacy doomed, and is the possible end goal of cloud money closer than we think?

Author: Brett Scott

Digital Cash: The Unknown History of the Anarchists, Utopians, and Technologists Who Created Cryptocurrency

While Bitcoin is often known as the first attempt at creating a digital currency, it’s actually only the first to catch on. However, behind this Bitcoin phenomenon, there is a range of exciting stories and even more interesting people who, through the years since the 1970s, have been exploring this concept in a range of curious ways. If you’re looking for something a little outside of the usual Bitcoin or blockchain books, this one might be worth a look.

Author: Finn Brunton

Blockchain Bubble Or Revolution: The Future of Bitcoin, Blockchains, and Cryptocurrencies

There are a lot of claims made when it comes to cryptocurrency, but the best way to discern for yourself where you stand is to look at both the strengths and weaknesses of this technology. By leveraging real-worth case studies, Blockchain Bubble or Revolution looks to cut through the hype and provide a more balanced and understandable analysis of what exactly is going on with cryptocurrency. Learn about everything from public to private blockchains and even what you should be prepared for as we move forward with blockchain into the future.

Authors: Parth Detroja, Neel Mehta, Aditya Agashe

The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze

In the early days of cryptocurrency, if you wanted to create your own, you usually had to create your own blockchain, and standing out when Bitcoin was a growing behemoth was challenging. However, with the launch of Ethereum, suddenly, things became a little more interesting. Tokens have become a standard part of the average crypto user’s vocabulary. This was made possible with Ethereum enabling developers to leverage an existing blockchain without having to bootstrap their own and attracting enough user base to sustain and secure itself. As a result, Ethereum pushed the cryptocurrency space into a new world where almost anyone could launch a token. This book attempts to show the struggles of the crypto market to adapt to the struggles for power, money, and culture.

Author: Laura Shin

The Crypto Book: How to Invest Safely in Bitcoin and Other Cryptocurrencies

If you’ve heard of cryptocurrency and want to learn more about the potential for investments in the crypto market, this book is for you. Find out what exactly all this crypto stuff is, why it exists, and where the industry might be moving in the near future. In addition, it covers many common mistakes made by new crypto investors and attempts to educate you on safely exploring investment opportunities in the crypto market.

Author: Siam Kidd

Bitcoin and Cryptocurrency Technologies: A Comprehensive Introduction

Want an introduction to the often misunderstood world of crypto? This self-contained book might be a good starting point as it explores crypto and what some are calling the new global money for the internet age. As a newcomer to crypto, you’ll likely have many questions. This book covers a lot of areas that will hopefully help you better understand important aspects of crypto like decentralization, altcoins, Bitcoin, blockchain, and a lot more. It is supported by a website that enables you to take what you’ve learned to the next level by providing companion videos for each chapter and even problems for you to go off and solve as you learn.

Authors: Arvind Narayanan, Joseph Bonneau, Steven Goldfeder, Edward Felten, Andrew Miller

The Truth About Crypto: A Practical, Easy-to-Understand Guide to Bitcoin, Blockchain, NFTs, and Other Digital Assets

If you’ve been looking for a fun and easy-to-follow introduction to digital assets across a broad spectrum of the blockchain ecosystem, you may find yourself being drawn to The Truth About Crypto. Explore the difference between cryptocurrency and other types of digital assets that provides a broader perspective on what precisely these assets can do and why they might be appealing to you as an investor in the space.

Authors: Ric Edelman

Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies

We often take money for granted regarding how it actually works. What Layered Money attempts to investigate is how money has evolved over time to become layered. From gold to digital currencies, the lines begin to blur as to what exactly money can mean. If you want to investigate for yourself how Bitcoin has started a massive shake-up of our international monetary systems to the stage where central banks are exploring creating their own blockchain assets and digital currencies.

Author: Nik Bhatia

Blockchain Basics: A Non-Technical Introduction in 25 Steps

Depending on how you learn, you may find that breaking down a concept like a blockchain technology into a series of digestible and approachable steps is a fantastic way to increase your knowledge. You can skip the jargon and complex math; instead, just work your way through this book which makes an effort to bridge the gap between highly-technical explanations and the business side of blockchain. Start with the core knowledge needed to understand what a blockchain is all the way through to major application scenarios that can have you well on your way to being an informed and active member of the crypto community.

Author: Daniel Drescher

The Blocksize War

Between 2015 and late 2017, there was a lot of commotion in the Bitcoin community, something that is now often referred to as the Blocksize War. While it was easy to look at this from the outside and assume it was simply a passionate debate about the amount of data that should be allowed in each Bitcoin block, it raised a lot of questions. With some prominent players throwing their weight around and conflict spilling out beyond the Bitcoin codebase, there is a lot to explore when it comes to who was making noise, their motivations, and where all this went in the end.

Author: Jonathan Bier

Cryptocurrency Investing for Dummies

While the “for Dummies” series of books has become somewhat of a meme, many of them provide easy-to-approach information that is easy to understand and digest. The book Cryptocurrency Investing for Dummies allows you to go from a passing interest to have a grasp of some of the things you’ll need to navigate the cryptocurrency markets. Find out how to speculate on the top cryptocurrencies no matter the market conditions or sentiment and navigate the new thriving cryptocurrency markets that never sleep.

Author: Kiana Danial

The Book of Crypto: The Complete Guide to Understanding Bitcoin, Cryptocurrencies, and Digital Assets

If you want an introduction to crypto that takes you beyond the rudimentary and touches on interesting topics like DeFi, NFTs, and many other curious topics, The Book of Crypto could be your answer to scratching the surface. The crypto ecosystem is growing in complexity as new and experimental ideas are playing out on the center stage. It’s easy to feel like you’ve been left behind as the crypto space pushes forward, but you can get on top and start understanding the potential impact on the future of money and how cryptocurrency can take us there.

Author: Henri Arslanian

Mastering Ethereum: Building Smart Contracts and Dapps

Again Andreas enters the list with another high-quality offering that you shouldn’t miss. Start with learning the basics of running an Ethereum client and progress all the way through to building your own decentralized applications that leverage multiple P2P aspects. Companies worldwide are exploring Ethereum and EVM compatible blockchains, and now you can use Mastering Ethereum as your gateway to becoming a part of that yourself.

Author: Andreas Antonopoulos

Understanding Bitcoin & Cryptocurrency: Beginners Guide to the Crypto Revolution

Suppose you’re interested in gaining the information to make informed decisions about Bitcoin and cryptocurrency in general. In that case, Understanding Bitcoin & Cryptocurrency may help you achieve more awareness and understanding of this new phenomenon. Furthermore, the blockchain scene is constantly growing, and if you decide to start checking out books like this, perhaps you can start growing your knowledge of blockchain.

Author: Martin May-Clingo

The Blockchain Developer

Blockchain development is becoming increasingly in demand. Suppose you are one of the few that understand how to build with blockchain technology and build your own scalable blockchain projects. In that case, you’ll be well-positioned to become an integral part of the blockchain community. Find out how you could use Bitcoin, Ethereum, NEO, EOS, and Hyperledger to begin your own projects and immerse yourself in what it is to be a blockchain developer.

Authors: Elad Elrom

The Infinite Machine: How an Army of Crypto-hackers Is Building the Next Internet with Ethereum

While we’ve touched on many Bitcoin and blockchain books in this list, many intriguing books are jumping into Ethereum that are worth your time. One to consider is The Infinite Machine, as it starts with the creator Vitalik Buterin and follows the ideas as they unfold and the chaos that sometimes results. Step through the technology and innovation to see what was unleashed as Ethereum grew to the point where it now supports thousands of independent projects and is considered one of the biggest blockchain projects in the world.

Author: Camila Russo

The Business Blockchain

Many people become curious about the business potential of blockchain, and this book aims to quench that curiosity. Find out some of the new business models and possibilities that blockchain brings to the table, and perhaps inspire your own ideas for this innovative space. Then, progress through seven chapters to get a grasp on why blockchain matters for business and where it could take you.

Author: William Mougayar

Cryptocurrency Mining For Dummies

While this is the 2nd entry to this list from this range of books, it should be no surprise given how broad the topics this series strives to cover to see more than one about cryptocurrency. While many beginners to crypto are quick to jump in and start performing transactions, others find themselves enamored with this so-called “mining” used to generate new cryptocurrency on many blockchains. With this book, you can find out what this actually means, how you might be able to do it yourself, and whether or not you’ll need a pick and shovel to get started.

Authors: Peter Kent and Tyler Bain

Bitcoin Money: A Tale of Bitville Discovering Good Money

Have you wanted to broach the concept of Bitcoin with your children, or maybe you want a gift for a Bitcoin-crazy friend that has children? In either case, Bitcoin Money could fit the bill. Explore different kinds of money in a story suitable for all ages, and you never know, you might just learn something new yourself about this magical internet money.

Author: Michael Caras

- Adam Tracey
Cashing Out Your NFT Gains
Cashing Out Your NFT Gains

If you’ve been looking at the NFT market for the first time and wondered how you could convert these digital assets into real cash, you may be confused, especially if you are new to the crypto markets. Thankfully, there is a very approachable pathway from having an NFT in your wallet to converting it to cash that you can physically spend in the real world.

Can you Get Cash for an NFT?

As the NFT market has grown significantly in recent years, many traders wonder if you can get cold hard cash for your NFTs. While you may find someone willing to buy your NFT for cash directly, that isn’t typically an easy thing to do. However, you still have options to get some money for your NFT with a small amount of additional effort and a little crypto knowledge.

How can you Sell an NFT for Cash?

The first step is to convert your NFT to a popular cryptocurrency like Bitcoin or Ethereum. Doing this has varying degrees of difficulty depending on the network on which the NFT is based and how popular that specific NFT is, which can affect demand. Opensea is a popular NFT marketplace, and often a great way to complete this first step is to use this or another NFT marketplace to list and sell your NFT for crypto.

Once you have some popular cryptocurrency instead of the NFT, you now have reached the second stage of the process, where you can move on to convert it to cash. While many order book exchanges only offer limited payment options and typically never support cash trading, it’s not the only option. LocalCoinSwap is one of the most popular P2P marketplaces and is one of the only options available for trading cash-in-person or cash-by-mail. If you want other payment methods like PayPal, bank transfer, or just about anything else, P2P trading on LocalCoinSwap is perfect for you as well.

Simply head over to LocalCoinSwap and browse thousands of offers from vendors around the world. Once you find an offer that meets your needs, you can follow the prompt to cash out your NFT profits fast. It doesn’t have to be challenging to lock in profits, and just because you started with an NFT doesn’t mean you can't end up with cash either.

How Much does it Cost to Transfer an NFT?

While in the early stages of the NFT boom, you would only really see NFTs being minted on Ethereum, but that has long since changed, with a range of blockchains providing support for tokens and NFTs specifically. As a result, there isn’t a clear-cut answer to this, but it is easy enough to get a rough estimate. For example, if you want to transfer an NFT on Ethereum, you can use the Etherscan gas tracker to get an idea of how much to expect to pay when performing token transfers on the network. For other established blockchains, you’ll be able to find similar tools without looking very far either.

Where can I buy an NFT with Cash?

While you may, in a rare case, come across someone willing to sell you an NFT for cash directly, the better route to take is by first converting cash to a commonly accepted cryptocurrency. For example, you can start with cash and then use a P2P marketplace like LocalCoinSwap to convert it to crypto via several different payment methods.

If you can find local bitcoin traders operating in your region, this can be a great option, but if you do not or you’d prefer not to meet directly, there are plenty of other payment options available. For example, you could trade using a cash deposit or cash-by-mail, and there are plenty of different approaches as well. Getting funds into the NFT market is easy when you start with a P2P trade; you’ll have some crypto ready to go in no time.

How Much Does it Cost to Sell an NFT?

If you are trading with someone directly, you’ll only have to account for the network fees. However, this is never recommended as it’s highly likely the other trader will scam you as there’s no reason for them to hold up their end of the deal once they’ve received your NFT. Most NFT traders use an NFT marketplace to exchange their NFTs for fungible cryptocurrency to avoid this. How much specific marketplaces can vary, and it’s always best to check their website for the fees listed before selling your digital asset on that marketplace.

The Best Way to Cash out Your NFT Gains

Peer-to-peer marketplaces are the best way to cash out your fungible cryptocurrency and gains from your NFT trades. Additionally, suppose you are willing to accept less commonly found payment methods. In that case, you may even find yourself able to make an additional profit as you sell your NFT for cash, thanks to the natural supply and demand dynamics that occur in a P2P marketplace.

Start exploring P2P trading with free crypto guides or just jump right in over at LocalCoinSwap and find out why so many traders opt to trade P2P.

- Adam Tracey
Top 5 Cryptocurrency Debit Cards
Top 5 Cryptocurrency Debit Cards

If you’ve been in crypto for a while, you’ve likely heard about these cryptocurrency debit cards doing the rounds but simply don’t know where to start looking. While there’s a range of options, crypto debit cards aren’t a one size fits all solution as most of them only support specific regions and cryptos. So it’s time to find out if adding a crypto card to your wallet is a plus or a bust to add to your trading toolkit.

While P2P trading is often a far better option as it provides you extremely high flexibility to get paid or send payment in whatever way suits you, it’s always good to know what options are out there for expanding your ability to trade your crypto in and out of the markets. None of the following should be considered endorsements and is based on publicly available information. Always do your own research before putting your cryptocurrency somewhere new or handing over personal information.


One of the older players in the crypto debit card space, Wirex, has been around for some time now. So If you’re looking to spend money on one of these cards, having a company that has been around a little longer is a good way to ensure you aren’t likely to face a sudden shutdown or discontinuation of service in your region.

Wirex cards are supported in 130 countries, enable you to use over 150 cryptos and fiat currencies, and boast several million customers.

You can earn up to 2% cashback on in-store or online purchases via their Cryptoback rewards program that pays out in their token WXT, which is a great value add to users of the Wirex cards. Top-ups can be performed several ways using crypto but can also be performed via your other debit or credit card if that’s something you’re interested in doing.

With no monthly maintenance fees and even some free ATM withdrawals up to $400 a month, the Wirex card can be one of the best crypto debit cards to consider. Just be sure to investigate your specific spending habits to ensure that you won’t get caught out by any unexpected fees, as pricing lacks a little transparency. In addition, you’ll likely find that some additional costs are creeping into the spreads on conversions between crypto or traditional fiat currencies, so that’s something to consider.

Top 5 Cryptocurrency Debit Cards

Want a crypto debit card with broad support for a wide range of currencies and locations? Then, Wirex might tick your boxes.


A newer entry to the cryptocurrency debit card list is the Crypto Card from Unbanked. Unlike many others that rely on apps to support their card with few other options to fund the card. The Unbanked debit card enables you to fund your card using the Visa Readylink program via direct deposit or cryptocurrency transfer. So while you may be looking for a bitcoin debit card or something specific, the Unbanked card offers you more options.

One of the things to be aware of when looking into the debit cards offered by Unbanked is that funding your account results in the funds being converted to their token UNBNK. The main concern with this is that you’re exposed to the volatility of the cryptocurrency, which may be something that you consider outside your risk profile.

Unbanked offers support for several different cryptocurrencies when funding your account, including some less common options like Uniswap (UNI) and Basic Attention Token (BAT, alongside staples like Bitcoin (BTC), Tether (USDT), and USD Coin (USDC). Currently, it appears that cards are available to customers in the United States, Europe, and Latin America, which covers some notable areas but won't be suitable for everyone.

Top 5 Cryptocurrency Debit Cards

Like the flexibility of having multiple ways to fund your card and live in a supported region? It could be that the Unbanked debit card catches your attention.


If you’ve been checking out using bitcoin and other cryptocurrencies online, you’ve likely been face-to-face with Bitpay in the past. While better known for their payment processing solutions for merchants, they also offer a popular crypto debit card. Like Wirex, Bitpay has been around a long time and is very much well-established, so it is less likely to just fall off the map suddenly as can be the risk with some of the latest options.

Boasting fast reloads, flexibility, high security, broad access, and rewards, the Bitpay card can be an excellent option to investigate when searching for the top crypto conversion cards. Bitpay relies heavily on their app, which, to be fair, these days is not uncommon but is something that may irk the more hardline users looking for a more traditional experience.

On the other hand, with the app, you can get set up with a wallet quite fast, have it loaded, and be on to ordering your card in just a couple of minutes. So if you’re looking for a prepaid MasterCard that can enable you to spend your crypto backed by one of the older companies in the crypto space, Bitpay could be the answer.

Top 5 Cryptocurrency Debit Cards

Want a debit card to convert crypto from a reputable brand in the space? Then, the Bitpay crypto debit card could be the answer.

If you’re looking for something a little flashy with all the bells and whistles, the crypto debit card might be for you. While one of the newer entries to the market, this card is already one of the most popular and is also one of the most competitive options in terms of fees.

While cashback has been offered on spending there are report reports of rewards changing for the worse recently, so be sure to check for official announcements before looking further. No annual fees, and their card is actually made of metal, something you likely know if you’ve seen any of their abundant marketing since their card launched. Like some other cards, such as the card offered by Wirex, you can also top up your card with fiat, alongside a range of cryptocurrencies. There’s also a range of “tiers” of cards, so if you’re considering this one take a close look and be sure to check the fine print to understand exactly what you’re getting yourself into.

Again the app is very strongly connected to the card, with the card acting more as a secondary product, albeit a well-rounded one. The app features a range of features, including paying interest on some cryptocurrencies stored in the wallet, though this appears to require you to stake some of their token Cronos (CRO).

Top 5 Cryptocurrency Debit Cards

If you’re looking for one of the newest entries to the market, check out the crypto debit card offered by


For those of you that like to leverage the value held in your cryptocurrency without having to sell them, the Nexo card is an interesting offering. Using your Nexo card, you can spend the value of the crypto stored in your Nexo wallet; this offers a more unique alternative that feels more like a credit card than it does just another crypto debit card.

Rewards are also quite good with a Nexo crypto card. For example, you can receive an instant 2% cashback on purchases. In addition, using Nexo, you can earn quite good interest with claimed rates of up to 17% of annual interest. Unlike most other companies with similar offerings, Nexo offers a daily payout and enables you to withdraw your funds at any time. However, like all of these lending and rewards programs, it’s crucial you take the time to understand any downsides or potential risks associated with them. It's not something you should jump into without adequate understanding.

If you think Nexo might be a good choice for you, we have some great news! You can trade Nexo tokens P2P over on LocalCoinSwap, enabling you to experiment with all that Nexo offers while trading Nexo tokens on the most popular non-custodial marketplace.

Top 5 Cryptocurrency Debit Cards

If you find crypto lending an interesting idea and want to access the value in your assets without selling them, perhaps the crypto debit card available from Nexo may suit you.


While there's a range of cryptocurrency debit card options they all have their pros and cons, and many are only available in specific regions. The best thing to do when trying to decide on a crypto card you may be interested in is to first decide what's important to you, which cryptos you want to use, and continue on by investigating the many options available with these things in mind.

If you do decide to get yourself a debit card that supports crypto exchange, be sure to check back in now and then to ensure you're still getting a good deal, don't be afraid to mix things up if a better option comes along in the future!

- Adam Tracey
Buy & Sell Crypto with Cash by Mail
Buy & Sell Crypto with Cash by Mail

While cash-in-person trading is still a popular choice for many, one less explored option is growing in popularity as traders realize they can gain many of the same benefits while avoiding the potential downsides that can sometimes come with other types of crypto for cash trading.

What is Cash by Mail?

Cash by mail simply describes sending payment in the form of cash by using the postal service, couriers, or other delivery agents. It’s an excellent payment method for trading P2P as it enables a straightforward way to convert crypto to cash or purchase crypto using cash.

Buy & Sell Crypto with Cash by MailWhy Might you Consider Trading with Cash by Mail?

Cash trading is revered for its increased potential for privacy among P2P traders. Especially in regions where financial security and privacy as crucial to your well-being. While one of the oldest ways to trade bitcoin and other cryptocurrencies, cash trades are still highly prevalent.

When trading in person with cash, you have to accept that you’ll likely be filmed during your meeting when trading in a public place. When dealing with money by mail instead, you can avoid this concern and reduce potential issues you can face when meeting with a person in a public place for any kind of exchange.

If you live in a region where the postal system is typically reliable or have access to suitable courier services, cash by mail can be an excellent option to consider when converting your cryptocurrency to cash or getting some money into the market quickly.

How to Trade with Cash by Mail Near YouHead over to LocalCoinSwap and use the search bar to filter for cash by mail trades and select a suitable location.Sort through the available offers and see if any match your preferences; just be sure to read the offer terms of each trade you find interesting.Once you find a suitable trade, press the buy or sell button, and you’ll be prompted to input the specific amount you would like to trade.If the other trader accepts your trade request, simply follow the prompts to complete your first trade.Buy & Sell Crypto with Cash by Mail

If you cannot find a suitable trade offer, you can create your own offer by selecting the create offer option from the menu. It takes just a few seconds to create an offer and have it live on the marketplace for other traders to find.

Tips for Receiving Cash in the MailRecord yourself opening the package in one complete takeConsider using a post office box for increased privacy when possibleChoose reputable vendors to minimize the potential for disputesEnsure someone is available to collect the package when its due to arriveAsk the vendor to include a custom note to avoid third party shipmentsDon’t finalize trades before receiving your packageTips for Sending Cash in the MailFilm the packaging process in one complete takeDon’t cut corners and package up cash at the post officeUse insurance and licensed couriers where possibleMark the package in unique ways to make disputes easierBe discrete, and don’t make it obvious you are shipping cashAlways send with tracking, so the package’s journey is transparentDisputes when Trading with Cash by Mail

When buying bitcoin or other cryptocurrencies from an experienced and active P2P vendor that offers cash by mail trading, you are unlikely to run into disputes frequently. However, as with any form of exchange, it’s always good to plan ahead if it does happen one day.

The biggest thing to be aware of when performing these types of trades or sending cash in the mail for any reason is that being transparent and recording the critical parts of the process can help protect you later, which goes for both sides of the trade. Whether you’re the buyer or the seller in the transaction, recording your interactions with the package is crucial to protect yourself and show that you are playing your part honestly.

For example, before opening cash by mail packages, you can grab your phone and film yourself opening it, or if you have someone else around to assist you, have them hold the phone for you. It might feel excessive when you think about doing this, but you’ll undoubtedly feel differently about that if a trade goes to dispute. Also, showing the package is completely sealed and opening it in the same clip without any cuts can clearly show the state you received the package and what you received inside it.

If you’re considering becoming a cash-by-mail vendor, making an effort to record your packaging process is also vital for you. The only difference is you want to film yourself packaging the money and sealing it in the package before shipping. Recordings like this can make a huge difference in having a dispute resolved in your favor swiftly without excessive back and forth, especially if the other party hasn’t done the same and wasn’t as organized as you.

Is it Legal to Send Cash by Mail?

In many regions, it is legal to send cash by mail. However, many areas have restrictions on the amount of money you can send or how it should be handled when packaging or sending. So be sure to check your local rules and regulations before sending cash in the mail, whether that is for a crypto transaction or anything else for that matter.

Can you Trade Cash by Mail Internationally?

Cash by mail trades are best performed when you are situated reasonably close to the counter party to avoid excessive postal delays. Typically being in the same state or territory as the other trader will be enough for a smooth experience. As a result, it’s not typically recommended to trade using cash by mail when trying to trade internationally. It may even be against the laws of the countries involved. It’s always best to use payment methods suited to your circumstances or preferences, and in this case, many other payment methods are better suited to cross-border payments.

Buy & Sell Crypto with Cash by MailShould you use Tracking?

Tracking is essential for cash by mail trades. It helps keep track of where the package is and when it was initially shipped and delivered. Not only will you be able better to keep track of these critical parts of the trade, but your trading partner will also be happy they can follow along as well. Also, in a dispute, it will be easy to show the history of that package to get the trade resolved as fast as possible. Tracking is inexpensive and should never be disregarded, and it’s always important when sending anything valuable, especially money.

Is Cash by Mail Safe?

In many parts of the world, there are relatively reliable options for posting valuable items, be that through the traditional postal system in the region or via things like third-party courier services. Many traders opt to use package insurance to help protect against losses should the package get lost in the postal system. If you live somewhere where mail frequently goes missing or is otherwise interfered with, cash by mail may not be suitable for you. Still, it’s a reliable way to trade in many parts of the world that can sometimes even be faster than a bank transfer between different banks.


Cash by mail is an often overlooked way to trade crypto privately, especially when using a post office box. So if you’re someone who values the benefits of dealing in cash but doesn’t like the idea of trading in person or would just prefer the convenience of cash by mail, this payment method might be perfect for your next trade!

- Adam Tracey
Charities You Can Help with Crypto Today
Charities You Can Help with Crypto Today

Many of us have had the opportunity to be exposed to such rapid growth in the crypto community; in some cases, it’s even been life-changing for many people. So if you feel like you should share some of what you’ve gained from crypto, or maybe you just have a little more than you need, donating to charity is an excellent way to help others.

Donating to a charity that accepts cryptocurrency can be a way to give while supporting something important to you already, cryptocurrency. Thankfully, a growing number of charities are now realizing that accepting crypto donations can really make a difference, and so can you.

Backpack Bed for Homeless

A charity that provides sleeping bags and backpack beds to those in need, Backpack Bed for Homeless offers practical help to those in need. Providing shelter enables those in need and sleeping rough to stay warm and receive at least a hint of comfort. In addition, you can donate multiple types of crypto and help make a difference to homeless people. If you are eligible, you may even be able to receive a tax deduction, which is always a welcome bonus that can be even better when you’re helping someone.

If you want to help someone struggling even to stay warm, Backpack Bed for Homeless is a way you can do just that and help people feel just a little bit safer.

Save the Children

Working to protect children in desperate situations from starvation, diseases, and other disasters, Save the Children helps kids in 116 countries worldwide. They also help produce resources to help spread essential information about health, education, child protection, and humanitarian issues. With a mission to prevent preventable causes of death in children while ensuring they also have the essentials like education covered, Save the Children is an easy cause to get behind.

Save the children has been accepting bitcoin donations since 2013, so if you want to support their efforts, check out Save the Children, you can donate with a range of cryptos.

Habitat for Humanity

Having a home of your own is an incredibly powerful thing, and this is something that Habitat for Humanity strives to provide. As a not-for-profit housing provider for low-income families and other vulnerable people, Habitat for Humanity helps access safe shelter, water, sanitation, and some of the essentials we need as humans to thrive. They’ve helped over 39 million people, and over a million people have volunteered for their projects.

For many of us, a home is something we take for granted; for many others, the idea of a home is a dream that seems too far away. So maybe it’s time to see if Habitat for Humanity can help you spread some kindness with a crypto donation.

The Water Project

Water is essential for all of us to survive. Yet, access to clean drinking water is still not available to everyone. Access to clean water sources can make or break a community, and the results can be devastating. It’s impossible to focus on education, work, and supporting your family when your most basic needs like water aren’t being met, which is a massive problem The Water Project is trying to solve. When donating to this charity, you can even choose directly to contribute to specific communities, which can help you feel better connected to where your donation is going.

The challenging work performed by The Water Project affected hundreds of thousands of people, and you can help them affect more people by donating some of your cryptocurrency.

Red Cross

If there’s a charity that almost everyone has heard of before, it’s definitely the Red Cross. The goal of the Red Cross is to relieve causes of suffering around the world. Whether through blood drives, responding to natural disasters, and so much more. Another area where the Red Cross places a lot of effort is training people with life-saving skills, be that CPR, swimming, or other potentially life-saving training. The charity relies heavily on donations and volunteers to perform the work they do, so your donations can help this charity reach more people and affect their lives in positive ways.

For those interested in putting their crypto to work, the Red Cross may be an excellent solution the next time you’re looking for a worthy cause to support after.


Healthcare is important for all of us, yet many people don’t have access to public healthcare solutions or have the ability to afford medical insurance. Watsi allows you to directly affect the lives of others by funding life-changing surgeries for people around the world. It’s hard to argue that everyone should be able to get the medical help they need, and should you choose to donate, you can help make sure someone is getting the treatment they need.

If a direct cause and effect are important to you when donating to charities that accept bitcoin or crypto in general, Watsi might just tick some boxes for you.

Rainforest Foundation

Supporting indigenous and traditional communities that inhabit the world's rainforests helps protect the people who live there and enables them to better foster these beautiful parts of the world. Sustainability is the key to the future of rainforests, and with the changes happening to the world around us, sometimes it’s important to remember the massive value they provide.

If you’re interested in supporting important cultures and isolated communities while helping to protect the lands they inhabit, the Rainforest Foundation could be perfect for your next crypto donation.


While this charity has an interesting name, it’s also a strong meaning. In Swahili, the word means ‘we are growing. Tunapanda runs technology and other educational courses in struggling parts of East Africa. With a goal to train lifelong learners, Tunapanda helps people empower themselves in ways that can change their lives.

Education, collaboration, and building stronger communities are possible through education, and your donation may just be able to help with that at Tunapanda.

Encourage Your Favourite Charity to Accept Crypto

If you have a charity that you love, consider suggesting they consider accepting crypto the next time you donate. It shows that demand is there and helps grow the options for the cryptocurrency community to donate directly in a way that feels right for them.

For all of us who have more than we need, there are always many more people who don’t even have enough help to get themselves the necessities or people trying to change the world in powerful ways that could use our support.

- Adam Tracey
Top 10 Best Play-to-Earn Crypto Games
Top 10 Best Play-to-Earn Crypto Games

Recently, one of the driving forces in gaming is exploring new models of gaming that aren’t just filled with micropayments and instead leveraging the power of blockchain technology to create experiences that can be fun and give their players the potential to own digital assets or even earn some money.

It’s time to jump in and find out why play-to-earn games are booming and becoming one of the most entertaining parts of the cryptocurrency revolution. Just be sure to always do a little extra research, especially before investing in play-to-earn games.

Axie Infinity

Build and refine your team of Axies to go to battle with other players. One of the most well-known blockchain-based crypto games, Axie Infinity, is a fantastic option for those looking for a fun PVP experience. The only major con for Axie Infinity is that it can be a little expensive to get started. However, battle winners are rewarded with SLP (smooth love potion), which has a strong economy in the Axie Infinity marketplace and can easily be exchanged for fiat in third-party markets due to the demand by the community around this game. You can also use SLP to breed your Axies to grow your team further.

If you’re looking for a polished PVP experience with a thriving player base, don’t mind spending some money to get started, Axie Infinity is probably for you and can easily be considered one of the most popular NFT P2E games!

Spider Tanks

Collect in-game resources, upgrade your stats and weapons, and jump into the battle arena in this PVP battle brawler. Play a range of game modes and have fun demolishing the competition alone or as a team. You can even buy special edition tanks, weapons, maps, and or other accessories in the form of tradable NFTs. It’s even got great graphics to ensure you’re making the most of your gaming experience.

If you like games like Rocket League or World of Tanks, maybe this battle vehicle free-to-play with a play-to-earn model is an excellent fit for you. So why not give Spider Tanks a try.

Gods Unchained

As an Ethereum-based P2E trading card game on the blockchain where each game card is an NFT, Gods Unchained takes the cake. If you’re nostalgic about the old days of trading Pokemon cards with your friends, maybe it’s time to get back into trading cards with a modern twist. You can even get started for free, with all new players getting a pack of cards to start playing. It’s great to see this P2E game which is also a great free-to-play option.

Do you like Hearthstone and other collectable card games? Then, Gods Unchained might be what you’re looking for in a crypto card game.

The Sandbox

What originally started as a 2D pixel art game back in 2012 for mobile devices has transcended into the blockchain space to become one of the more prominent players in the growing metaverse ecosystem and one of the P2E games you’ll likely hear more about as development continues. The Sandbox throws players into a virtual world. You can own land, monetize your virtual assets, and explore novel gaming experiences. While still considered alpha software, this game has already had some extensive collaborations with popular artists and brands.

The Sandbox economy runs on a token called SAND which operates on the Ethereum network. Even at the early stages of this project, large amounts are being spent on in-game assets, so if you’re interested in making your mark in the metaverse, The Sandbox is worth a hard look.

For lovers of Minecraft and Roblox, The Sandbox might scratch that itch for more voxel gaming glory.


If you’ve been looking for a trading card game that won’t need hours just to play through a game, you might want to check out Splinterlands. With the rapid pace of games, you can complete one in just a few minutes. With over 500 cards and growing, there’s plenty of variety to keep you entertained. Combine cards, convert cards to crypto and exchange your cards to build the perfect collection. You can even rent cards if you’re more of the yield farming type, a phrase you probably didn’t expect to hear associated with a collectible card game.

A hive cryptocurrency wallet is created for you after registration, and this allows you to jump right in and get started with this blockchain game. To avoid being too locked into one blockchain, it features cross-compatibility with additional blockchains like Ethereum, Tron, and WAX which is well known in the NFT scene.

Do you enjoy Magic the Gathering and other collectible card games? Maybe check out Splinterlands.

Alien Worlds

Alien Worlds has a lot to love as a play-to-earn game built on top of the WAX blockchain. Plots of land across several worlds are accessible to players in the form of an NFT. In addition, Trillium, the in-game currency, can be collected, staked, and even transferred using BNB Smart Chain.

Buy, sell, and rent virtual land and explore new forms of social governance; there's a lot to explore in Alien Worlds. You can also complete intergalactic missions, collect a range of tools, and explore the Alien Worlds universe in this NFT Metaverse game.

If EVE Online or No Man's Sky got you excited, Alien Worlds might be your new favorite space simulation game.

Plant vs. Undead

Set on Planet Plants, Plant vs. Undead is a blockchain game with a mobile-first approach that offers an excellent opportunity for the more casual gamer to explore the play-to-earn model. After a meteor crashed into the planet, many of the resident creatures became zombie-like creatures that spilled out into this cartoonish wonderland.

Unlike many of the games in this list, the primary way to play Plants vs. Undead is on your mobile device, whether Android or iOS. There's talk of other versions potentially launching in the future for PC and consoles, but this doesn't appear to be the case quite yet. While you are encouraged to expand your experience via trading PVU tokens (BEP20 tokens on BNB Smart Chain), you can start playing Plant vs. Undead for free as you will be provided a Mother Tree to protect alongside six plants used in defense.

If you find tower defense games a winner and like games such as Plants vs. Zombies (a clear inspiration for this one), perhaps it's worth checking out this PvE and PvP game, Plant vs. Undead.


One of the staples of the growing metaverse concept is absolutely Decentraland. If you like the idea of a virtual world where you can interact and make it your own, this is one to check out. With a range of carefully crafted environments to explore, there’s more than enough to lose yourself in for hours.

Players wanting to take things to the next level can leverage the Builder tool to create their own digital assets and even participate in some of the events held in the Decentraland community. For creators looking to make their mark (and some money in the Decentraland marketplace) or blockchain entrepreneurs looking to start a collection of land and other in-game digital goods, this ethereum backed play-to-earn game is a fascinating option.

Were you big on Second Life back in the day? See what the future holds for virtual worlds by jumping into Decentraland.


Ever considered playing a play-to-earn horse racing game with Cyberpunk vibes? Maybe you’ll change after you get acquainted with Pegaxy (Pegasus Galaxy). In Pegaxy, you are pitting mythological creatures head-to-head, which results in some fast-paced action. You can even breed your Pega (the horses, if you can call them that).

With a PvP format, this game has some interesting style that throws together a high-tech vibe with a classic horse racing style of game that results in an interesting blend that shows how experimental P2E games can be. While this game is still in its early stages, it’s worth keeping an eye out for what this game has in store and seeing if these techno-horses catch on here as much as they do on the local track.

If horse racing games like Rival Stars or heading down for a day at the track gets you a bit loud, head over and see what’s going on with Pegaxy.

Thetan Arena

For those gamers who enjoy a multiplayer online battle arena game, commonly called a MOBA, Thetan Area might be your pick. Playable on Android, iOS, or PC, Thetan Arena offers a colorful experience that brings P2E gaming with a F2P model. Earn NFT items as you play the game that you can then sell on the marketplace to earn money, and you can also collect Thetan coin (the in-game currency used by Thetan Arena) by playing various game modes, which you can then exchange or trade for other items.

Furthermore, you can also acquire Thetan Gem, which takes things even further, enabling you to evolve your heroes in the game or stake them to earn some yield, something many DeFi enthusiasts will love. So whether you’re just interested in having a little fun or grinding for profit, the choice is yours.

Can’t get enough League of Legends or Dota 2? It’s probably time to see what the fuss is about when it comes to Thetan Arena.

- Adam Tracey
Getting Started with Celo
Getting Started with Celo

Celo is one of the most inclusive cryptocurrency projects around, and more people are beginning to take notice due to its thriving community. So let’s explore this project bringing dApps to everyone and enabling anyone with as little as a smartphone to participate in the cryptocurrency space.

What is Celo?

Celo is an open-source blockchain project that supports a native cryptocurrency called CELO and other tokenized assets like the stablecoin cUSD. Celo aims to be accessible to anyone by leveraging technology that has become commonplace among most of the planet, smartphones.

Suppose you are looking to experiment with blockchain technology and learn more. In that case, Celo is an excellent choice given its inexpensive transactions and ecosystem containing many projects focused on ease of use.

Can you Use Tokens on Celo?

As Celo comes with its own blockchain and token support, tokens on Celo are absolutely something you should check out. One of the most interesting is cUSD, a stablecoin that aims to be tied to the value of the US Dollar (USD) that is transferable on the Celo blockchain. The value of cUSD is maintained by a mechanism that algorithmically adjusts the cUSD supply using crypto-only reserves to ensure transparency and a reliable level of price stability.

Thanks to very low transaction fees on the Celo network, it opens up many opportunities for engaging with dApps and various types of smart contracts using tokens on Celo. As a result, many projects are popping up on Celo that range widely from NFT collections to experimental economic protocols.

How Does Celo Work?

The Celo network supports itself by relying on several different types of contributors to the network. Firstly, light clients are a form of software that operates on a user’s device; one great example is the official Celo mobile wallet which enables a low barrier to entry for the use of Celo on mobile devices. Furthermore, light clients allow users to interact with the network efficiently without operating more demanding software or needing access to anything higher-end than a cheap android phone.

As an alternative to using a light client, you can also use the non-custodial wallets provided by LocalCoinSwap, where you remain in complete control of your funds and can access your wallet on just about any device with a modern web browser.

Full nodes are also are vital parts of the network and provide a valuable service. These nodes help support the network and enable the use of light clients. Full nodes on the Celo network act as bridges that pass transactions and other necessary data between different network participants and help keep everything running smoothly and in sync.

Unlike many blockchains that currently use proof of work consensus to secure them, Celo opts instead to use proof of stake with the help of validator nodes that require staking of CELO tokens to take part in the validation process while incentivizing positive and honest contributions to the network. Validator nodes are essential as they provide validation for transactions and produce new blocks.

Together, these different types of participants form an active and efficient network that supports a flourishing and growing ecosystem of users and use cases.

Why does CELO have Value?

CELO holders can stake their CELO tokens and gain the ability to drive the project. The more CELO tokens you hold, the more voting power you can muster. Staking is rewarded and encourages participation as a validator. If the total amount of tokens staked drops below a certain threshold, rewards increase to encourage more holders to begin staking and ensure the network is well supported.

Combining staking rewards with governance helps the CELO tokens form a valuable part of the project and help provide a strong foundation for a range of tokens and dApps to operate on top of the Celo blockchain. As the supply is also limited, this helps provide value as long as there is enough demand for the tokens.

Where is the Best Place to Trade CELO?

Thanks to the support of non-custodial CELO trading on LocalCoinSwap, traders around the world have access to this increasingly popular digital asset. You can trade CELO instantly with other buyers and sellers from around the world in your local currency while choosing from hundreds of popular payment methods.

The Benefits of Buying CELO P2P on LocalCoinSwap Include:

Exchange Celo with traders internationally using 300+ payment methodsNon-custodial exchange & wallets keep you in control of your cryptoTrade CELO with cash and other less commonly accepted currenciesCustomize your trading terms to suit your needs and start trading your way

Earn free CELO by trading on LocalCoinSwap!

How to Buy CELO with Cash

Centralized exchanges tend to support minimal payment methods, resulting in a vast number of people simply not having access to trading on these platforms. However, a P2P marketplace like LocalCoinSwap enables you to trade with a massive range of payment methods, including cash.

Buying CELO with cash is easy, with just a few simple steps:

Head over to LocalCoinSwap and sign up if you haven't already (takes only seconds)Use the search bar to sort for CELO offers matching your needs, and if you’re looking for cash trades, all you need to do is select the payment method “cash-in-person.”Once you’ve found the perfect trade offer, you simply enter the amount you’d like to trade and follow the on-screen instructions to complete the trade.

If you can’t find a trade offer that matches your preferences, you can create your own trade offer or explore alternative payment methods that may be more commonly available. As you’re trading P2P, you can explore various payment options, including things like local bank transfer, gift cards, PayPal, Skrill, and Zelle, just to name a few.

Have you checked out all that Celo has to offer yet? Then, why not start by exploring P2P trading and see why so many people are interested in this cryptocurrency project that reduces barriers to using cryptocurrency and takes advantage of the modern technology in our pockets that we often take for granted.

- Adam Tracey
LocalCoinSwap Welcomes CELO & cUSD
LocalCoinSwap Welcomes CELO & cUSD

Embracing cryptocurrencies that do things a little differently is something we find important to bring to our community at LocalCoinSwap. As such, we’re excited to announce the support for both CELO and cUSD for non-custodial trading with full wallet support.

What Does This Mean?

As of now, you can trade Celo worldwide with over 300 payment methods, the flexibility afforded by peer-to-peer (P2P) trading, and full non-custodial wallet support. So it doesn’t matter whether you want to trade CELO or cUSD with bank transfer, cash, or almost anything else you may be looking for; LocalCoinSwap has got you covered.

De-banking of cryptocurrency users is still a problem for many traders, and for many more, access to banking or the types of resources required to use a centralized exchange simply aren’t available. Where you live and what tools you have at your disposal shouldn’t influence your access to critical financial tools, and while cryptocurrency projects like Celo break down many of these barriers, combining the benefits of crypto with those of P2P trading ensures that everyone has the same standard of access and the freedom to trade their own way.

Your Non-Custodial Celo Wallet

When using the Celo wallet provided with your LocalCoinSwap account, you remain in complete control of your cryptocurrency and your private key. You can freely export your private key and even import it into another Celo wallet to provide you both peace of mind and the highest possible flexibility. Keep track of your portfolio.

Stop worrying about centralized platforms holding your funds and start retaining control over your digital assets.

CELO & cUSD are Excellent Additions to LocalCoinSwap

Cryptocurrency can be an extremely powerful tool, but for that to be the case, it has to suit the needs of those using it, and both of these digital assets have a growing community and ecosystem of projects that support them.

Furthermore, many in the LocalCoinSwap community have been requesting stablecoins with cheaper associated transaction fees. With cUSD on Celo, you can have all the benefits of a stablecoin without the often high cost to trade with it or even when just moving it between wallets or sending some to a friend. When trading cUSD, you can complete trades in seconds, with very minimal amounts required for transaction fees on the network.

Trading P2P helps traders across the globe access financial tools and technology that, in many cases, they’d otherwise be unable to access in a practical way. While, unfortunately, many of these same traders are excluded from traditional financial services, further adding barriers to their economic independence and financial freedom, cryptocurrency can offer the ability to become more financially independent.

With the increased use of stablecoins like cUSD, you no longer have to be exposed to extreme volatility to leverage many of the advantages of cryptocurrency. Now you can exchange value with anyone and remit payments to a friend in the same room or family internationally in seconds for fees that are often significantly better than legacy remittance services or, in some cases, even exchange rates between some currencies.

The Benefits of Trading CELO & cUSD on LocalCoinSwapTrade with over 300 payment methods and against essentially any fiat currencySign-up is instant; you can be trading immediatelyNo withdrawal or deposit limitations ensure you are free to trade your wayAccess to many other popular cryptocurrencies for tradingFully non-custodial CELO & cUSD wallets with private key accessThe ability to trade both locally and internationally with traders around the worldStart Trading Your Own Way

Trading cryptocurrency shouldn’t be complicated or limiting. With P2P trading, you have the freedom to trade using your preferred payment methods, against your local currency, and even using payment methods that are far less commonly accepted by other cryptocurrency marketplaces, including cash.

All you need is access to the internet, and at minimum, a smartphone; you can start trading on LocalCoinSwap with a few easy steps.

Sign-up with LocalCoinSwap if you haven’t alreadySearch for offers that suit your needs, or even create your own with just a few clicksOnce you find an offer, simply enter the amount you wish to trade and follow the promptsWant to Earn Free CELO?

To celebrate the launch of CELO and cUSD on LocalCoinSwap we're giving away thousands of dollars worth of CELO. Complete your first trade and earn rewards! Want to find out more? Click here!

If you haven’t already, follow us on Twitter, Facebook, or join our Telegram group to see why LocalCoinSwap is the most popular non-custodial P2P marketplace. It doesn’t matter if you want to trade a lot or a little; LocalCoinSwap is the best place to trade cUSD or CELO.

- Adam Tracey
Ethereum Name Service (ENS) Introduction
Ethereum Name Service (ENS) Introduction

Have you ever wondered if your wallet address could be more readable? Perhaps a little like a website URL than a string of chaotic characters meshed together in a stream of incomprehensible madness, well this is where the Ethereum Name Services (commonly called ENS) can make things a lot more interesting.

What is Ethereum Name Service?

ENS is a naming standard that takes advantage of blockchain technology. Ethereum Name Service touts itself as being the most widely integrated blockchain naming standard, and given its proliferation among the cryptocurrency community, it's hard to argue with that likely being the case.

At its core, ENS is an extensible, open, and distributed naming system that leverages the popular Ethereum blockchain and enables the use of addresses that are actually human-readable. So when you're using an ENS address, there's no need to be awkwardly copying and pasting your address when a friend asks for it; instead, you can opt for an ENS domain that is not only far easier to read but also far easier to error check.

How Does ENS Work?

While you don't necessarily have to fully understand how Ethereum Name Service works merely to use it, it can still be an interesting thing to explore to help expand your understanding of how blockchains can be used.

If you're somewhat familiar with how the internet works, the concept of ENS domains is in a sense remotely similar to how DNS (domain name service) works. However, for those that aren't, in the simplest sense, when typing the name of a website into your browser DNS is used to help find the actual IP address that is serving the actual data for that domain. So instead of typing a series of numbers and dots that are even less intuitive than a phone number, you can instead type in an easy-to-remember, often very readable URL.

While on the internet, a top-level domain (like '.com') is managed by a registrar with domains available on request; in the case of ENS, the traditional registrar is replaced by smart contracts which control top-level domains like '.eth' and provide and manage the rules for registering one yourself. If you own a domain name, you can even create subdomains attached to it as you already control the higher-level ENS name.

For a far more in-depth explanation of how ENS works, as well as some further technical detail, the official ENS documentation is a fantastic place to learn more about this impressive service.

What is the ENS Token?

If you've been looking into ENS, you may have noticed a token by the same name, and this is associated with the project. The token is actually for us in the form of a decentralized autonomous organization (DAO) governance token to help push support of ENS forward while enabling it to remain an open, decentralized service.

A quarter of the entire ENS token supply was distributed in the form of an airdrop to those that had held NFTs representing ownership of ENS domain names. The amount of time someone held an ENS domain alongside other factors decided the actual amount received. A significant amount of Ethereum Name Service tokens were also held for their community treasury, for core contributors, and other parties in much smaller amounts.

Receiving tokens was also rather interesting in that claimants were required to vote on several ENS proposals using these governance tokens as well as choose an applicant to offer the voting power of your tokens to a chosen delegate that had applied to take part in the process.

How Do I Buy an ENS Domain?

ENS domains are purchased with a small subscription fee. While at first thought this may seem off-putting, it helps to ensure that only those using or having an active interest in a specific domain are likely to maintain holding it long term.

For those wanting to buy an Ethereum Name Service domain, you can head over to the ENS domain app and get started. The process will require you to have the relevant subscription fee and some extra funds to cover the gas cost of the transaction involved in the form of Ethereum.

The search function present as soon as you open the app enables you to find out which ENS names are available quickly. Then, using MetaMask or other supported wallets, you can quickly purchase a domain for yourself.

Using ENS Names on LocalCoinSwap

Alongside popular ethereum wallets like MetaMask and MyEtherWallet supporting ENS, LocalCoinSwap does as well! Using your non-custodial ethereum wallet that is generated when you create your account, you can easily withdraw ethereum or other ERC-20 tokens directly using an ENS domain name in place of other ethereum addresses.

So the next time you buy ethereum/sell ethereum with LocalCoinSwap, why not take advantage of the awesome human-readable names provided by ENS and experience how nice it can be to personalize your cryptocurrency wallet with an ENS domain of your own.

- Adam Tracey
LocalCoinSwap Holiday Roadshow
LocalCoinSwap Holiday Roadshow

Join the #HolidayRoadshow with LocalCoinSwap for your chance to win:

One of 5 bitcoin prizesTrezor hardware walletExclusive LocalCoinSwap T-ShirtHow to Participate:

Participating in the LocalCoinSwap holiday roadshow is easy. Will you be the best P2P trader this holiday season?

Stage 1: Referral Contest

Period: Dec 20th - 26th 2021

Grab your referral link from your LocalCoinSwap accountShare your referral link to friends, family, and even clientsInvite them to sign up for LocalCoinSwap

Win $50 USD in BTC - 5 winners!

Terms & Conditions:

To be eligible for the contest, you must have a minimum of 10 new registrations coming from your referral linkAt least 50% of your total new registrations must have their phone number verifiedThe top 5 users with the highest new registrations will win $50 USD in BTC each & eligible to join the next stage of the contestAnnouncement: 27 Dec 2021 – Follow our social media: Instagram, Twitter, Facebook, LinkedIn for updatesStage 2: Trading Contest

Period: Dec 27th, 2021 - Jan 2nd, 2022

Trade crypto at LocalCoinSwap (Buy or Sell)

Terms & Conditions:

The highest trading volume completed by you & your referrals will win the grand prizeAnnouncement: 3 Jan 2022 – Follow our social media: Instagram, Twitter, Facebook, LinkedIn for updates

Win 1 Trezor Hardware Wallet & 1 Exclusive LocalCoinSwap Shirt!

- Adam Tracey
Entering the Metaverse
Entering the Metaverse

The concept of the metaverse has been a colossal topic recently. With even Facebook suddenly jumping into the mix, there's a lot out there to explore and many projects working on their own visions for the future of the digital universe. So perhaps it's the perfect time to start exploring what exactly this idea is and look at some of the places we may go as we move into the future.

What is the Metaverse?

The metaverse is a conceptual or hypothesized view of how the internet and technology could evolve in the future. This idea encapsulated things like virtual reality (VR), augmented reality (AR), and even 3D space and virtual environments where ownership, community, and building things beyond the physical world’s limits can be possible.

The actual phrase is said to have come from a well-known sci-fi novel from the year 1992 called Snow Crash. The book described a dystopian world where the main character can escape his difficult day-to-day existence into a virtual realm. This book is said to have even influenced The Matrix and some other films delving into more abstract concepts and alternative reality.

As with many new forms of technology and especially on the more experimental side of things, naturally, the metaverse is something that fits nicely alongside crypto, and a range of projects are popping up to explore and grow inside this new space. Through crypto and things like NFTs (non-fungible tokens), ownership of assets and virtual real estate becomes far more practical. While we're still adapting in many ways to using more niche forms of digital assets, when you look at the digital space, things suddenly can become not only more straightforward but practical.

Is the metaverse going to be the next big thing in crypto? Time will tell, and if the current growing hype is any indication, it may indeed start making some waves that ripple beyond the bounds of the typical cryptocurrency ecosystem.

What Can You do in the Metaverse?

With this being a concept that has only started to gain significant traction recently, there's already a lot of things that are either doable today or are already being actively developed.

Attend a virtual conference or other eventsMore immersive conference calls through VRWorking in a VR space with a simulated deskBuy and sell digital property and itemsCombine the physical world with the digital world through ARWatch a movie in a virtual theatre or a mixed reality formatSocialize in entirely virtual worlds using VR headsetsGaming and other forms of entertainmentBig Business is Getting Involved in the Metaverse

Some of the biggest companies in the world have not only explored virtual reality but are beginning to embrace a more embodied internet where the virtual world and real world can intertwine. For example, Facebook has recently taken to the idea of the Metaverse so strongly they have changed the name of their company with a recent announcement and complete branding overhaul. The company is now known as Meta as they are already beginning to promote the future of the virtual universe and how that could look.

Even Disney, one of the more conservative companies that almost everyone is familiar with, has stated they want to "connect the digital and physical worlds" with animation and storytelling. So perhaps in the not too distant future, some of the most well-known Disney characters will get a Metaverse rethink or even make their way into the blockchain space in an official capacity.

Nvidia is working on building what it is calling an "Omniverse" that they have stated is intended to connect 3D virtual worlds. In addition, they appear to be interested in digital assets and their ownership in persistent virtual worlds, which seems to bode well for Metaverse cryptos, projects working on an NFT marketplace, and other blockchain projects that complement the Metaverse theory.

Microsoft is another big name that isn't new to the Metaverse; after releasing their mixed reality headsets in recent years while exploring both VR and AR, you can expect to see more of this from them as demand for these technologies increases along with the development of software to interact with virtual spaces is further enhanced. Already Microsoft has announced they are creating a Metaverse product for their popular Microsoft Teams platform to increase collaboration and allow things like customizable digital avatars, novel forms of communication, expand collaborations into open virtual spaces, and develop more exciting video chat experiences.

Metaverse Gaming

While VR and even AR have been strongly connected to gaming in most people’s minds, this is starting to change. With a large part of the world exploring work-from-home options and how to embrace socializing and collaboration in the digital space, more people than ever are starting to understand the potential for the Metaverse to bring many types of interactions into a new world.

With products like the HTC Vive Pro 2 and Meta Quest 2 (formally Oculus Quest 2) making their way into homes worldwide, VR is becoming much more commonplace. With tech enthusiasts digging around for software and games to take their VR devices for a spin are finding their way into virtual worlds through VR Chat and VR Virtual Desktop, which touch on the potential for these technologies as the hardware to make them practical has started to reach the mass market with Google even releasing "Cardboard" a few years ago which when combined with your phone could provide a relatively immersive VR experience while primarily being made from, as you may have guessed, cardboard.

Even a growing landscape of blockchain and crypto Metaverse gaming-related projects is blooming with some of the best Metaverse projects for gamers, including The Sandbox (describing itself as the open Metaverse), Decentraland, Axie Infinity, and Star Atlas, just to name a few.


The increased interest in the Metaverse points to the future being launched into other realms of digital spaces where what things exist and what context they are owned in the future could look much different from their traditional counterparts today. Will your avatar in the future be far more than the profile pictures of today? Maybe you'll even find yourself offering or receiving services or digital goods in ways that today may seem like science fiction. With VR and other technologies associated with the Metaverse blending with the crypto space and even affecting how some people are playing games, there's a tremendous amount of potential, and things are only just now beginning to be touched on as so many bleeding-edge technologies are starting to mesh together.

It's hard to argue the way we see the web, data, or just the internet, in general, isn't evolving. So maybe the Metaverse will become a big part of how all of this is shaped in the future as the physical and digital collide and it reverberates through the network that underpins our life and world.

- Adam Tracey
Why Does Bitcoin Have Value?
Why Does Bitcoin Have Value?

Bitcoin is a speculative asset. This means that the price of bitcoin can go up and down depending on what people are feeling about it. Many different factors contribute to this, including supply, demand, general sentiment, and more.

The finite supply cap for bitcoin makes it an interesting investment opportunity since there will only ever be 21 million bitcoins mined on the bitcoin blockchain before the supply is capped forever!

Bitcoin vs. Gold and Other Speculative Assets

Bitcoin is very similar to other speculative assets like gold, real estate, and collectibles. In fact, bitcoin is often considered a store of value and is one of the key reasons some people find it so interesting! Bitcoin is also becoming an increasingly popular means of exchange. In the simplest sense, bitcoin has value because people think it does and are willing to trade goods, services, or other currencies for bitcoin. It's different from a traditional fiat currency that is backed by a government. Still, something you may not realize is that standard currency is speculative as well in that it largely relies on what people are willing to exchange for it.

While you may not notice it, the value of the US Dollar, British Pound, and even the Euro are all fluctuating constantly, yet in most cases, you are unlikely to notice this in the short term. However, for some countries where hyperinflation and other economic phenomenon have kicked off, the day-to-day value of their local fiat currency has become an important topic.

When you look at other asset classes a little more closely, bitcoin being a speculative asset with no physical form doesn't feel so weird after all!

Bitcoin's Valuable PropertiesDecentralizedImmutableBorderlessTrustlessPseudonymousStore of valueEasy to transportCheap remittancesIntrinsic Value

Bitcoin has value because people think it does and is willing to trade goods, services, or other currencies for bitcoin. The fact that you can't physically hold bitcoin doesn't make it any less valuable than something like gold, another commodity with intrinsic value. While the price of cryptocurrencies will always depend on supply and demand to some degree, it's also worth looking at some of the other factors that come into play.

Bitcoin is not just another currency but has properties more closely represented by gold or silver than fiat money like USD. While these commodities are loosely limited in supply and can be used as an alternative store of value to paper cash, they're also mined, printed, or otherwise created at various rates that can change at any time, with even paper trading of assets like gold making things less transparent. In the case of bitcoin, things are a lot clearer given the supply cape and the fixed rate that coins can enter the market as they are mined.

Bitcoin as a Store of Value

Beyond being a speculative asset, bitcoin is also widely seen as a store of value. While this may seem ironic given the volatility that impacts price so heavily in the short term, it's actually very similar to other stores such as gold or collectibles.

As the value of bitcoin has continued to increase over the long term, many people are taking this as an opportunity to diversify their savings or retirement accounts by adding a small portion of cryptocurrency into the mix. In addition, the fact that it's not directly connected to many traditional assets results in many investors looking to bitcoin as a potential hedge against other traditional investments. How strongly bitcoin is correlated to more conventional assets is commonly argued and is likely to become more apparent as bitcoin continues to mature while other markets cycle around it.

In countries dealing with the extreme volatility of their traditional fiat currencies, bitcoin can provide a far more stable alternative, even when taking into account its own often high degree of volatility. In many regions, remittances are being performed using bitcoin at an increasing rate. No longer do you need to trust an expensive third-party remittance service, and you don't even need a verified bank account or other types of financial institutions at all. Bitcoin isn't only a great store of value. It’s also a fantastic way to transfer value without many of the issues faced when trying to move value long distances using traditional fiat currencies, precious metals and removes the risk of counterfeit money.

While many still call bitcoin "digital gold," its potential far exceeds this as the bitcoin network sprawls the world even though no single entity oversees bitcoin. While value is relative, it's hard to argue that digital currencies like bitcoin don't provide a strong value proposition and that bitcoin does indeed have value while exploring other novel concepts such as that bitcoin introduces digital scarcity. While there are no true global currencies, bitcoin is arguably the closest thing we have to a payment system or currency that is truly global.

Bitcoin Price Volatility

The price of bitcoin is still incredibly volatile, at least compared to some more stable assets and larger local currencies. However, it's also important to keep things in perspective. While headlines about bitcoin price movements can be enough to send people into a panic or frenzy of excitement, the rise, and fall of the market are something that can be expected with such a comparatively new asset that can be considered to stand in a class of its own in many ways.

While decentralized payment systems like bitcoin are often compared to credit cards, it's essential to acknowledge that bitcoin isn't just another digital payment solution like your online banking, PayPal, or Cash App.

While the future is still uncertain, bitcoin has intrinsic value through its ability to act as an alternative store of value with properties beyond cash for investors and bitcoin users. Ultimately, whether or not this will be enough in the long term is something we'll have to wait and see.

For over a decade now, bitcoin has continued to grow, show us new ways to consider value, and has helped provoke the growth of a massive cryptocurrency ecosystem and monetary systems that are expanding by the day.

- Adam Tracey
Bitcoin Cheatsheet
Bitcoin Cheatsheet

Whether you're looking to start trading, mining, or simply want to try your hand at buying a few bitcoins in order to see how it all works, it's easy to get started and even easier to begin learning with this bitcoin cheatsheet.

What is Bitcoin?

Bitcoin allows transactions to take place peer-to-peer without a third party such as a bank or government. The "coins" themselves exist only in digital form - they have no physical form and are not printed or minted like traditional currency. In essence, they represent a unit of account for trading goods and services, much like conventional currencies. The coins are made - or mined - by solving complex mathematical problems.

Who Controls Bitcoin?

Bitcoin was created by a still-mysterious figure going by the name Satoshi Nakamoto back in 2009. Satoshi Nakamoto was a secretive person or a group whose true identity has never been confirmed. Because no one owns or controls bitcoin, it is considered a decentralized digital currency.

Bitcoin has been described as "cash for the Internet." What separates it from other currencies is that bitcoin isn't subject to any one country's rules, regulations or policies. As a result, it can be used by anyone who knows how to access the Bitcoin network - typically through a wallet application downloaded on a PC or mobile phone or online via a web wallet.

How Do I buy Bitcoin?

Because it's not centralized, bitcoin can't be bought from a central organization like a bank. Instead, you typically need to use an exchange to buy or sell bitcoin. Before you open an account and purchase your first coins, you need to think about what type of exchange you want to use; the most flexible option is a P2P marketplace like LocalCoinSwap.

What is a Bitcoin Wallet?

The wallet can be seen as your personal interface to the Bitcoin network. It allows you to receive bitcoins, store them and then send them to others. A wallet is like a bank account; however, it is more decentralized and under your control. Therefore, you are not required to submit any identification or other sensitive information when creating a bitcoin wallet.

On a fundamental level, Bitcoin wallets consist of two cryptographic keys (one public and one private key) - the public key being your wallet address, which people can use to send money to, and the private key is for signing transactions (moving your funds).

Keeping your bitcoins safe is of utmost importance, as this digital currency has a lot of value attached to it. There are three main types of wallets available for you to use: online wallets, offline wallets, and hardware wallets - each with their advantages and disadvantages.

What is the Bitcoin Blockchain?

The blockchain is the technology behind bitcoin. It's a data structure that stores blocks of items in a linear, chronological order. The 'chain' represents the entire history of all transactions made since the network began. Every transaction is stored in blocks and mathematically encrypted to create an irreversible record - hence the term blockchain.

What is Bitcoin Mining?

Miners keep the blockchain consistent, complete, and immutable by repeatedly verifying and collecting newly broadcast transactions by using large amounts of computer processing power (energy). Each block contains a cryptographic hash of the previous block (unique signature), using the SHA-256 hashing algorithm, which links it to the previous block, thus giving the blockchain its name.

How do I accept bitcoins as payment?

For companies wishing to accept bitcoin, many different types of software, services, and platforms can be used - or even none at all. For example, some smaller merchants may accept direct bitcoin payments to their wallets, while others may opt for third-party services designed specifically for businesses.

What is the Future of Bitcoin?

Since bitcoin's inception in 2009, it has witnessed rapid growth and appreciation in its value. In this relatively short period, people have come to see it as a haven for their wealth due to it being entirely digital, not influenced by any central bank or authority. However, many naysayers still stubbornly believe that bitcoin is built on unproven technology and isn't ready to be used in the real world just yet. Yet, over a decade later, the network is still producing blocks and processing transactions.

What Can I do with Bitcoin?

Even though it's not quite mainstream yet, you can still use your bitcoins to purchase products or services from vendors across the world. You could buy anything from web hosting, plane tickets, furniture, tech, or even book a hotel room thanks to the growing number of companies accepting bitcoin.

What is SegWit?

SegWit stands for segregated witness. If you've ever used (or at least heard of) a wallet that supports SegWit, then you've likely seen it in action already. However, not all wallets support SegWit just yet - but it's a step towards the future capacity upgrade for bitcoin as it enables blocks to contain more information without directly increasing the 1 Megabyte block size.

Who Controls Bitcoin?

The bitcoin network is completely decentralized, so there's no need for any central authority to oversee its operations. This means that anyone can participate in the network by simply downloading the software required.

What Are the Benefits of Bitcoin as an Investment?

Many people who have purchased bitcoins as an investment are seeing significant returns on their initial investments. In December 2017, a single bitcoin was valued at over $19,000 USD, and in 2021, Bitcoin has traded for over $50,000 USD. As bitcoin is speculative and at times highly volatile, whether it is a good investment is something you should research yourself and assess against your risk tolerance.

What is the Supply of Bitcoin?

Bitcoin's supply is capped at 21 million coins. That means that there can be no inflation in the network, which is one of the ways it differs from fiat currencies.

What if I Lose my Wallet?

If you somehow lose access to your wallet or it gets stolen, you should consider these funds irretrievably lost in most cases. That means it's important to secure any wallet you own, safely store your private key or seed phrase, and ideally use a quality hardware wallet.

What is the difference between Public and Private Keys?

Every single bitcoin transaction that ever takes place requires a public address and a private key - which work together to authorize the transaction. A public address is enough information for you to be able to send funds to another bitcoin user. The private key is what someone needs to have so they can spend money from their wallet. However, if they lose the key, they will never regain access to the bitcoin inside of it again.

What are Bitcoin Faucets?

Bitcoins faucets are websites that dispense a small amount of bitcoin for free of performing a task (often a captcha) that were quite common in the early days of bitcoin. While these have become far less popular in recent years and pay out a lot less, they still exist.

What is the Average Block Time?

The average block time refers to how long it takes for a block to be confirmed on the blockchain. It's usually around 10 minutes per block, but it can take more or less time. However, the bitcoin network is programmed to add a new block every 10 minutes, so each block is expected to take an average of 10 minutes.

What is the Lightning Network?

The lightning network is a second layer protocol built on top of bitcoin that allows for super-fast and inexpensive transactions. These are especially useful for smaller-scale payments where transaction fees would be larger than the cost of the product or service you're purchasing, but they can also make most bitcoin transactions instant. This technology is still in its early stages, but it's already supported in some wallet software and is growing more popular as adoption is starting to increase more rapidly.

What is the Price of Bitcoin?

The price of bitcoin constantly varies since it's traded on various exchanges all over the world. It can go up or down depending on what people are willing to pay for it, but that value has been trending upwards for years now when looked at on a longer time frame.

What is a Satoshi?

A satoshi is the smallest fraction of a bitcoin and represents 0.00000001 BTC (one hundred millionths of one bitcoin). Since bitcoin can be divided down to 8 decimal points, you could always buy a fraction of a bitcoin if you didn't want a complete one.

What are the Transaction Fees?

Bitcoin transaction fees vary based on several factors. When there is more competition to get a transaction into a block, you will pay a higher fee if you want your transaction to be processed quickly. Additionally, the size of any given transaction also determines how much it will cost to send or receive bitcoins. While you can send a fraction of a bitcoin or thousands of bitcoins for the same price, specific transaction types can cost more than others based on numerous factors (such as the type of wallet address used).

What is a Halving?

A halving is when the rate at which new bitcoins are created halves. This happens once every 210,000 blocks or roughly every four years. When that happens, the block reward per block is cut in half until it eventually reaches zero.

Bitcoin is seen as a deflationary currency because there's a finite amount of bitcoin that can be mined. In all, there will only ever be 21 million bitcoins produced which makes for an interesting economic experiment that all bitcoin users are participating in, and only time will tell where it goes.

There is so much to learn about bitcoin and other cryptocurrencies. If you want to learn more be sure to check out the LocalCoinSwap Academy where there is a large amount of free bitcoin guides and tutorials that is growing all the time.

- Cointelegraph By Ezra Reguerra
State senator pushes bill to make Bitcoin legal tender in Arizona

The state senator also introduced a similar bill to make Bitcoin legal tender in 2022 but did not succeed.

- Cointelegraph By Yashu Gola
What is an ascending triangle pattern and how to trade it?

Ascending triangle patterns are one of the most popular chart indicators traders use, but it does not always mean the price will rally.

- Cointelegraph By Ciaran Lyons
US institutions account for 85% of Bitcoin buying in ‘very positive sign’ — Matrixport

Matrixport’s head of research and strategy suggests the industry will soon see layer 1 and other altcoins outperforming relative to Bitcoin.

- Cointelegraph By Brayden Lindrea
US securities regulator probes Wall Street over crypto custody: Report

According to sources, the regulator has been probing registered investment advisers over how they’ve offered crypto custody to their clients.

- Cointelegraph By Luke Huigsloot
Argo Blockchain accused of misleading investors in class action lawsuit

After a torrid 2022 that saw it sell off its flagship mining facility, Argo Blockchain's woes are worsening after a recent class action suit.

- Cointelegraph By Jesse Coghlan
Bitcoin miner Hut 8 takes stoush with Ontario power supplier to court

The lawsuit escalates a months-long dispute between the crypto miner and one of its energy suppliers in Canada.

- Cointelegraph By Martin Young
Congressman Hill to ‘make sure’ US is the place for blockchain innovation

The chair of the Financial Services Subcommittee on Digital Assets wants to make America the place for fintech and blockchain innovation.

- Cointelegraph By Ciaran Lyons
Leaked bids: Binance, Galaxy Digital among secret bidders for Celsius assets

Crypto blogger Tiffany Fong has shared documents she claims to have obtained in late December detailing several bids for Celsius’ crypto assets.

- Cointelegraph By Brayden Lindrea
UK’s FCA hints at why it’s only given 15% of crypto firms the regulatory nod

The UK financial watchdog has received 300 crypto firm registration applications but has approved only 41 applicants.

- Cointelegraph By Luke Huigsloot
CFTC’s Johnson urges Congress to expand commission’s crypto oversight powers

Commodity Futures Trading Commission Kristin Johnson wants to protect customers in a way that reduces the risk of future crises.

- Cointelegraph By Jesse Coghlan
US Senator Ted Cruz pushes for crypto in Congress ... using snacks

A newly introduced resolution could potentially see lawmakers buying sodas and chips using crypto-supporting vending machines.

- Cointelegraph By Ciaran Lyons
Keep an eye out for major company NFT trademark filings this year

NFT trademark filings by companies aren’t just a marketing stunt. According to a trademark lawyer, they have to use what’s in the application.

- Cointelegraph By Zhiyuan Sun
Bithumb in turmoil, Binance’s 47K law requests, Axie players down 85%: Asia Express

Our weekly roundup of news from East Asia curates the industry’s most important developments. Bithumb in turmoil  On Jan. 25, Yonhap Infomax reported that South Korean authorities had requested an arrest warrant for Kang Jong-Hyun, chairman and owner of cryptocurrency exchange Bithumb, over embezzlement allegations. That same day, the Financial Investigation Second Division of the […]

- Cointelegraph By Marcel Pechman
Data shows pro Bitcoin traders want to feel bullish, but the rally to $23K wasn’t enough

Bitcoin price has flashed a few bullish signals, but traders are not too keen on adding leverage longs until after the Federal Reserve shows its cards on Feb. 1.

- Cointelegraph By Tom Blackstone
SEC once again rejects ARK 21Shares Bitcoin ETF listing

Proponents of the fund had argued that a current surveillance sharing agreement with CME would be adequate to protect investors.

- Cointelegraph By Ana Paula Pereira
Moody’s to build scoring system for stablecoins: Report

Moody's is allegedly developing a scoring system for stablecoins, with analysis of up to 20 digital assets.

- Cointelegraph By Ana Paula Pereira
ISDA releases standard definitions for digital asset derivatives

The International Swaps and Derivatives Association is working on two papers to address fundamental legal risks in the crypto markets.

- Cointelegraph By Nivesh Rustgi
Here’s why Bitcoin price could correct after the US government resolves the debt limit impasse

Bitcoin price has been on a tear, but analysts warn that resolving the U.S debt limit issue could trigger sharp downside for risk assets like BTC.

- Cointelegraph By Derek Andersen
Sens. Warren, Wyden question quality of auditors’ oversight in light of FTX debacle

The senators co-authored a letter to the Public Company Accounting Oversight Board chair asking how FTX and other crypto firms were audited and why the audits failed so badly.

- Cointelegraph By Derek Andersen
Polkadot restates its case that DOT has ‘morphed’ away from security status

The Web3 Foundation has reminded the world that, in its eyes, it has conformed to SEC requirements and DOT should no longer be considered a security.

- Jake Simmons
Shiba Inu (SHIB) Price Could Face Make Or Break Moment

The Shiba Inu (SHIB) price could be facing a make-or-break moment in the coming weeks. While the launch of Shibarium is imminent according to the chief developer, the success of the layer-2 blockchain and the emerging ecosystem could determine how the SHIB price will perform.

Despite the 43% year-to-date (YTD) price increase, SHIB is still in bearish territory. Ultimately, SHIB needs another boost, whether from a macro perspective or from the successful launch of Shibarium, to return to the bullish ground.

The 1-day chart reveals that SHIB is still writing low highs on a daily basis since August last year. However, the year-to-date rally could be the start of a major move to the upside. For now, SHIB has seen a retest of the support zone at $0.000011, but could now push ahead with its rise. If not, there could be more downsides for SHIB.

At the moment, SHIB is seeing support from the 200-day EMA at $0.00001125. If the price manages to stay above this level, the first target could be the January 18 high of $0.00001292, in order to write a new local high.

After that, there would be a possibility of SHIB making a new attempt to break the high of $0.00001519 from October 29. Achieving success could mean a return to the bullish territory. However, the final, biggest hurdle, for now, will be the resistance zone between $0.00001691 and $0.00001799.

Shiba Inu price SHIB USDT Shibarium And Whales In The Spotlight For Shiba Inu

A look at the fundamentals also reveals a make-or-break moment. With the much-hyped launch of Shibarium, it remains to be seen whether Shiba Inu can grow beyond its meme coin status.

The project is a layer 2 solution for the Ethereum-based network and aims to lay the foundation for building a powerful ecosystem that hosts a metaverse, a decentralized exchange (DEX), blockchain-based games, and NFTs.

The decentralized exchange Shiba SwapDEX launched back in July 2021 and reached a TVL of $1.66 billion at the time, but is down to $30 million. Shibarium could give new life to the exchange.

In general, however, Shiba Inu will have to prove itself if its move away from a pure meme narrative is to be successful. If the fundamentals are right, the price will follow. If Shibarium is a disappointment, the SHIB price could see further downside.

Meanwhile, the popularity of SHIB among Ethereum whales points to a bullish sentiment. A SHIB community member shared data from WhaleStats, according to which SHIB is the top-held non-stablecoin by Ethereum whales. SHIB accounts for 15.76%, only outpaced by USDT (19.52%).

Hey #SHIBARMY did you know that SHIB 🐶 is the top-held nonstable coin by ETH whales?Something to think about. 🤑

— Shib Dream * Shiba Inu News * Shib Army Social 💎 (@theshibdream) January 26, 2023

Meanwhile, Coinbase director Conor Grogan recently revealed that popular online broker Robinhood holds Shiba Inu (SHIB) tokens worth $266 million.

In total, Robinhood holds $3.37 billion worth of assets on Ethereum Virtual Machine (EVM) chains. These break down as follows: $2.99 billion ETH (88%), $266 million SHIB (8%), and $54 million MATIC (1.6%).

At press time, the SHIB price stood at $0.00001152.

- Dalmas Ngetich
Uniswap Founder: People Rooting For Crypto To Be Shut Down Are Cringe

Hayden Adams, the founder of Uniswap, thinks people rooting to have crypto shut down are “incredibly cringe.”

Uniswap Founder: Let People Be

In a tweet on January 26, Hayden emphasized that no one has forced anybody to use crypto, buy coins, or keep up with the latest events in the industry. He also added that no one asks for the “dumb” global fiat system to be shut down.

Instead of opposing technology and infringing on people’s rights, he recommends that opposers let people do what they want and chill.

People rooting for crypto to be shut down are incredibly cringe. Like no one is trying to shut down the dumb fiat system you use, no one is forcing you to buy crypto; no one is forcing you to read crypto news or follow crypto Twitter. Let people do what they want and chill.

It is not immediately clear what triggered Hayden to vent his frustrations on Twitter. However, what’s known is that no-coiners, individuals who are against crypto, hold no coin, or show no desire to participate, have been shooting down blockchain and crypto proponents.

Tackling Nocoiners

Over the years, crypto’s volatility has been called into question, with many regulators and heads of agencies slamming top cryptocurrencies like Bitcoin. Billionaire Warren Buffet and economist Nouriel Roubini, nicknamed Dr. Doom, lead the pack.

In the aftermath of the FTX collapse, while attending the Abu Dhabi Finance Week, Nouriel said Binance’s CEO, Changpeng Zhao, was a “ticking time bomb,” and he was surprised that Binance had been allowed to operate in the Gulf state. He wants regulators across the world to “think carefully” about Bitcoin and cryptocurrencies.

As of January 27, the price of Bitcoin was changing hands at around $23,000.

Bitcoin Price on January 27

Like Warren, Dr. Doom says cryptocurrencies, with which Hayden made a platform for easy trading, hold no intrinsic value. He always insists that crypto is the biggest scam in financial history. Nouriel mainly blames regulators in the United States for being “lenient”.

Crypto is the biggest scam ever in financial history. Their true value isn’t 0; it is rather negative, given their negative externalities. 100s of celebrities handsomely profited by peddling criminal shit coins and crypto scams, shafting suckers. The current fines are only a slap on the wrist. They should be prosecuted.

Uniswap is a leading cryptocurrency exchange, allowing for the trustless exchange of various tokens and NFTs. Founded in late 2018, the exchange, under Hayden Adams, has grown to be one of the world’s largest DEXes, serving millions of users across the globe. 

DeFiLlama data shows that the DEX has a total value locked (TVL) of $3.8 billion as of January 27.

- Dalmas Ngetich
Bitcoin Supply In Loss Hits A 9-Month Low

According to on-chain data from CryptoQuant, a blockchain analytics platform, the Bitcoin supply in loss with the seven-day moving average stands at 32%, a nine-month low. This is the lowest level since April 2022, when the Bitcoin price was changing hands at the $40,000 range.

Bitcoin Supply In Loss At 32%

The Bitcoin supply in loss is a metric that measures the absolute number of coins presently in the loss-making territory. This data compares the price at which the coin in consideration was last moved and the spot rate. If the price is lower than the current price, then the coin is at loss.

The metric doesn’t quantify the size of the loss. Instead, it states whether it is in profits or loss without giving precise figures on each coin’s profitability or loss.

For traders, how the supply in loss changes over time could be used to pick out price bottoms or tops. Notably, analytic platforms say investors keep tabs, using the metric to timely enter or exit the market. Historically, when the supply in loss is within the 50-60% range, Bitcoin prices could be bottoming.

Presently, as per on-chain data, the Bitcoin supply in loss stands at 32%, the lowest in nine months, and could indicate that a trend reversal is imminent. 

According to an analyst, citing on-chain data from CryptoQuant, prices capitulate every time the Bitcoin supply in loss rises above 50%. Tops or peaks can be better timed by combining the supply in loss and the supply in profit lines.

The supply in profit tracker uses the same principle as its counterpart, supply in loss. However, it only considers the number of coins in profit since the last time they were moved. They move in the opposite direction.

After prices fell to 2022 lows in November 2022, the Bitcoin supply in loss decreased while those in profits increased. Considering the state of price action, when the two lines, representing supply and loss, cross each other, analysts can easily identify the point of reversals. The last time supply in loss crossed above supply in profit was in March 2020. Then, the Bitcoin prices rallied upwards from $5,000.

61% Of BTC Holders Are In Profit

With rising Bitcoin prices, most coin holders are in profit. Parallel data from IntoTheBlock reveals that 61% of coin holders are in the money. Only 36% are in red, and just 3% are at break even.

Bitcoin Price on January 27

Over the past few trading days, BTC prices have been consolidating inside a channel, finding resistance around the $23,300 and $23,800 zone. 

Some traders are calling in tops. Meanwhile, sentiment data from IntoTheBlock indicates that traders are mostly neutral. 

- Dalmas Ngetich
Bitcoin Hash Rate Registers New Highs, A Selloff Imminent?

Based on CryptoQuant data, one observer notes that whenever the Bitcoin hash rate records new highs, as is the case in late January 2023, coin prices tend to retrace as the upside momentum fades. 

Extending this preview on current BTC rates, the analyst predicts that prices may rise above the current resistance level at $23,800 to $25,500 before dumping below immediate support lines towards $20,000, or worse. 


Bitcoin Price on January 27 Hash Rate Peaks Are Selling Signals?

Per his analysis, expanding Bitcoin prices would encourage more users and mining farms to power on their rigs, further pushing up the hash rate. Based on his theory, the rising hash rate would be a precursor of strong liquidations that may unwind mining activity, pulling down prices.

On January 26, the Bitcoin hash rate increased to 305 EH/s, an all-time high. Hash rate is the total computing power connected to the Bitcoin network. At the current pace, a new level will likely be registered if BTC prices continue pumping. 

While there appears to be a direct correlation between the spot BTC price and hash rate, the observer, citing on-chain data, thinks the opposite is true. He is convinced that peaking bitcoin hash rates can diverge with prices, impacting coin valuation.

BTC just hit new ATH, and many might make you believe this is a bullish sign, but I will show you that it always had quite the opposite effect. I’ve been using hash rate all-time highs as bearish signals throughout 2022 with very good results. You can see all new ATHs. Even if you go back to 2021 ATHs on a live chart, you will see that all signaled an imminent selloff.

Notably, the analyst pointed out occasions in 2021 and 2022 when rising hash rates led to significant price retracements after solid rallies. In seven events, the average selloff was a 19.5% drop in prices, with the deepest being 37%. Preceding this correction, he adds, the coin’s valuation tends to post an 11% maximum gain. From current Bitcoin prices, this places the coin above $25,000.

Bitcoin Mining Clusters Are Forming

Before prices expand, “clusters of intense Bitcoin mining activity,” tend to form, as is presently the case. Because of miner involvement, the hash rate moves up in tandem in quick succession, registering an all-time high. However, the sharp activity in mining and expansion of the hash rate led to strong selloffs, on average, within nine trading days. 

Per the current Bitcoin formation, the expansion in BTC prices above $25,000 may precede a cool-off, possibly forcing the coin back to $20,000 or, worse, $14,500 from early February 2023.

- Aayush Jindal
MATIC Price Prediction: Rallies 10%, Polygon Bulls Aim Big

MATIC price started a fresh increase from the $0.920 support zone. Polygon bulls are now aiming more gains above the $1.12 resistance zone.

MATIC price started a fresh rally above the $0.98 resistance against the US dollar. The price is trading above $0.98 and the 100 simple moving average (4-hours). There was a break above a key contracting triangle with resistance near $1.02 on the 4-hours chart of the MATIC/USD pair (data source from Kraken). The pair could continue to rise towards the $1.18 and $1.20 resistance levels. Polygon’s MATIC Price Rallies Above $1

This week, polygon’s price formed a strong base above the $0.900 zone.  MATIC remained stable and started a fresh increase above the $0.95 resistance zone.

There was a strong move above the $1.0 level and the 100 simple moving average (4-hours). Besides, there was a break above a key contracting triangle with resistance near $1.02 on the 4-hours chart of the MATIC/USD pair.

The price traded to a new yearly high at $1.1298 and is currently consolidating gains. It is trading above $0.98 and the 100 simple moving average (4-hours). It is also trading near the 23.6% Fib retracement level of the upward move from the $0.942 swing low to $1.129 high.

It is up over 10% in a day, outperforming bitcoin and ethereum. On the upside, an immediate resistance is near the $1.12 level. The first major resistance is forming near the $1.15 zone.

Polygon’s MATIC Price Rallies Above $1

Source: MATICUSD on

If there is an upside break above the $1.12 and $1.15 resistance levels, the price could start another strong increase. In the stated case, the price could rise steadily towards the $1.20 level.

Dips Limited in MATIC?

If MATIC price fails to rise above the $1.12 and $1.15 resistance levels, it could start a downside correction. An immediate support on the downside is near the $1.080 level.

The main support is near the $1.050 level or the 50% Fib retracement level of the upward move from the $0.942 swing low to $1.129 high. A downside break below the $1.050 level could open the doors for a fresh decline towards $0.98. The next major support is near the $0.92 level.

Technical Indicators

4-hours MACD – The MACD for MATIC/USD is gaining momentum in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI for MATIC/USD is now above the 50 level.

Major Support Levels – $1.05 and $0.98.

Major Resistance Levels – $1.12, $1.15 and $1.20.

- Aayush Jindal
Ethereum Price Another Rejection Signals Risk of Bearish Reaction

Ethereum struggled once again to clear the $1,640 resistance against the US Dollar. ETH is correcting lower and remains at a risk of a move below the $1,550 support.

Ethereum is slowly moving lower below the $1,620 and $1,600 levels. The price is now trading below $1,600 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $1,590 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if there is a clear move below the $1,550 support. Ethereum Price Dips Again

Ethereum price started a decent increase above the $1,600 pivot level. ETH attempted a fresh upside break above the $1,640 resistance zone, but the bears protected more upsides.

A high was formed near $1,639 and the price started a downside correction. There was a move below the $1,600 level and the 100 hourly simple moving average. The price declined below the 50% Fib retracement level of the recent leg from the $1,518 swing low to $1,639 high.

However, the bulls were active near the $1,550 support zone. The price stayed above the 61.8% Fib retracement level of the recent leg from the $1,518 swing low to $1,639 high.

Ether price is now trading below $1,600 and the 100 hourly simple moving average. An immediate resistance is near the $1,590 level. There is also a key contracting triangle forming with resistance near $1,590 on the hourly chart of ETH/USD.

Ethereum Price

Source: ETHUSD on

The next major resistance is near the $1,640 level. An upside break above the $1,640 resistance zone could start a decent increase. In the stated case, the price may perhaps rise towards the $1,720 resistance.

More Losses in ETH?

If ethereum fails to clear the $1,600 resistance, it could continue to move down. An initial support on the downside is near the $1,550 level or the triangle lower trend line.

The next major support is near the $1,520 level. If there is a break below $1,520, the price might drop towards the $1,450 support. Any more losses might call for a retest of the $1,365 zone in the near term.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is now gaining momentum in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now below the 50 level.

Major Support Level – $1,550

Major Resistance Level – $1,600

- Aayush Jindal
Bitcoin Price Holds Key Support But The Bulls Seem To Be Losing Steam

Bitcoin price failed to settle above $23,500 and corrected lower. BTC is trading above $22,400, but it is now trading below the 100 hourly SMA.

Bitcoin is slowly moving lower from the $23,500 resistance zone. The price is trading below $23,000 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $23,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it clears the $23,000 resistance zone. Bitcoin Price Faces Resistance

Bitcoin price attempted a fresh increase above the $23,500 resistance zone. However, BTC struggled to gain bullish momentum above the $23,800 level. A new yearly high was formed near $23,829 and the price started a downside correction.

There was a drop below the $23,200 and $23,000 support levels. The price even spiked below $22,500 and traded as low as $22,492. It is now consolidating losses above $22,500.

Bitcoin price is now trading below $23,000 and the 100 hourly simple moving average. There is also a key contracting triangle forming with resistance near $23,000 on the hourly chart of the BTC/USD pair.

It is slowly moving above the 23.6% Fib retracement level of the recent decline from the $23,829 swing high to $22,492 low. An immediate resistance is near the $23,000 level, the 100 hourly simple moving average, and the triangle trend line.

Bitcoin Price

Source: BTCUSD on

The next major resistance is near the $23,150 zone or the 50% Fib retracement level of the recent decline from the $23,829 swing high to $22,492 low, above which the price might gain bullish momentum. In the stated case, the price may perhaps rise towards the $23,800 level. The next resistance could be near the $24,200 level. Any more gains might send btc price towards the $25,000 level.

Downside Break in BTC?

If bitcoin price fails to clear the $23,000 resistance, it could continue to move down. An immediate support on the downside is near the $22,500 zone and the triangle lower trend line.

The next major support is near the $22,400 zone. A downside break below the $22,400 level might send the price towards the $22,000 level. Any more losses might send the price to $21,250 in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $22,500, followed by $22,400.

Major Resistance Levels – $23,000, $23,150 and $23,500.

- Ronaldo Marquez
XRP Bulls Try To Break Consolidation At $0.4 To Conquer New Levels

XRP bulls are trying to ride the wave along with Bitcoin to reclaim previously lost territory. The bulls are targeting new annual highs.

XRP has been trading in the green zone since the beginning of the year with a strong recovery and bullish sentiment from its investors. At press time, XRP is trading at $04.96, representing a gain of 0.78% in the last 24 hours. The token is auctioning 34% below its 2018 high of $3.40.

Can XRP Sustain Its Bull Streak?

XRP started the year with a spike in volatility that characterized the market and has been able to profit 11.85% in the last 30 days, pushing its market cap to $20.6 billion. 

In addition, the trading volume that XRP has experienced in recent days and weeks and the profitable trend of XRP shows that market makers are involved in the project. According to a recent report from NewsBTC, it’s possible to assume that  XRP whales are once again buying and accumulating the token. 

This increase in activity in the XRP Ledger’s native token suggests that more wallets are being created with large amounts of XRP. While the perspective of many investors may be bullish, we can also find traces that lead us to consider a bearish scenario. 

XRP can break the trend line that touches three key levels and continue its bullish trend to find a position in the following challenge represented by $0.5.

XRP Heaven or Hell Levels

Despite the breach of previous target zones, there are strong signals that XRP’s bullish days may be numbered. The current market scenario, where some tokens are consolidating or forming a range price, suggests that the price action can explode in any direction.

As with any pivotal moment in the market, this leaves XRP with two scenarios, which are explained in the following chart:

XRP can break the trend line that touches three key levels and continue its bullish momentum to find a position in the following challenge represented by $0.5.


On the daily chart above, XRP has formed a bearish divergence, which may represent a significant pullback for the token. The Relative Strength Index (RSI) sits at 42.51, approaching oversold territory, but for XRP, there needs to be a correction in the daily time frame before the price action can follow the RSI indicator.

If this is confirmed, XRP could significantly retreat to the $0.36 support level. If the bulls cannot stop this hypothetical scenario, the token may also lose territory and test the $0.288 level. 

In short, XRP needs to find its momentum before a significant correction of the token and the cryptocurrency market, with Bitcoin (BTC) and Ethereum (ETH) forming bearish divergences on the daily charts.

Confirmation of the bearish divergences for XRP will be complete when the price action breaks below $0.379. In that case, bears may find themselves in the perfect scenario to ride down the hill to visit lower prices. If XRP’s downturn continues, it could retest $0.33, the following primary support line for the token.

- Reynaldo Marquez
Dogecoin (DOGE) Soars 8%, But An Uptick In This Metric Suggests A Pullback

Dogecoin (DOGE) and other altcoins are stealing some of Bitcoin’s shine as the benchmark crypto stalls at its current levels. However, the recent rally could spell trouble for optimistic traders and investors waiting for a continuation of the trend.

As of this writing, Dogecoin (DOGE) trades at $0.08 with sideways movement in the last 24 hours. Over the previous seven days, the meme coin still records an 8% profit. In the crypto top 10, DOGE stands amongst the best performers, surpassed only by Cardano (ADA) and Polygon (MATIC).

Dogecoin DOGE DOGEUSDT Dogecoin’s Rally Stirs The Crowds, Is A Retrace Imminent?

Data from Coingecko indicates positive development for meme coins. The sector records around $20 billion in total market cap, a 2% increase in 24 hours, and $1 billion in trading volume over the same period.

In addition to Dogecoin, Shiba Inu (SHIB), Baby Dogecoin, and Bonk have captured the attention of crypto investors. The second of these assets experience a 23% rally in the past week alone, hinting at the increase in risk appetite from digital asset enthusiasts.

The Bitcoin rally deep into the $20,000 territory has flipped the crypto market’s sentiment. As a result, Dogecoin and other meme coins are resurging and outperforming more significant digital assets.

Additional data from analytics firm Santiment registered increased levels of positive interaction across social media platforms. This suggests that users are more willing to take long positions, swelling the liquidity to the downside.

In other words, people are experiencing fear of missing out (FOMO), as recorded by Santiment, increasing the chances of a pullback. Market makers could squeeze long positions before resuming the bullish momentum.

As seen in the chart below, the altcoin sector has recently seen important growth. Tokens such as APTOS and LCX saw around 40% of weekly profits.


Santiment wrote:

Altcoins are on another impressive run, with several notable assets up 20% or more. After a 5-day crypto dip, prices are seeing little resistance. Social spikes & FOMO may cause a top, or traders will scoff at this run (allowing rallies to continue).

- Samuel Edyme
Cardano Adds 50,000 New Wallets As ADA Market Cap Surges

The Cardano ecosystem has the potential for further growth. The network has grown tremendously in various sectors, including decentralized finance (DeFi) and nonfungible tokens (NFTs). The blockchain has recorded massive adoption over the past months emerging as the third most active blockchain in development activity.

According to data from Cardano Blockchain Insights, this blockchain’s ecosystem has added more than 50,000 new wallets since the beginning of the year. From 3,842,867 recorded on January 1 to 3,894,735 wallets registered as of January 25, a total of 51,868 wallets were added to the network. 

Cardano wallets | Source: Cardano Blockchain Insights

In the past 25 days, an average of 2,075 new wallets have been created daily, indicating a rising interest and activity from potential new investors on the Cardano blockchain.

ADA Market Cap Surges Nearly 50%

Following the increasing interest from potential buyers, Cardano’s (ADA) market capitalization has recorded new monthly highs. From the $8.48 billion seen late last year, the ADA market cap has surged to over $13 billion, up by 43% in the previous 30 days. 

The asset has gained traction and recognition from notable firms. Earlier this week, crypto analytics platform StockTwits ranked ADA as the most trending cryptocurrency, surpassing Bitcoin (BTC), which attained the second position below ADA.

CoinGecko and Coinmarketcap have ranked ADA as eighth regarding top cryptocurrencies with the highest market capitalization. Alongside its cryptocurrency market cap surge, ADA has also rallied in the past weeks, appearing among the top gainers among cryptocurrencies with large market caps.

ADA price chart on TradingView

Over the past 30 days, ADA has surged from the $0.25 price tag seen late last year to above $0.35 at the time of writing. Its trading volume has also changed significantly from $161 million recorded at the beginning of the year to $489 million in the last 24 hours. 

Cardano’s Most Anticipated Catalyst

Though ADA’s recent rally seems based on the crypto market’s ubiquitous bullish trend, a catalyst such as the Djed stablecoin could also be a part of the asset’s increasing attraction. Djed is Cardano’s first ADA-backed stablecoin powered by COTI Network. It is an over-collateralized stablecoin with a collateral rate between 400%-800%, according to the description on

Although it’ll be launched soon, Djed has received a lot of interest from non-ADA investors and potential Cardano buyers. Rick McCracken, a Cardano supporter, and owner of the ADA staking pool, DIGI, celebrated and confirmed the launch of Djed on mainnet.

- bitFlyer Europe
Our Commitment to the Protection of Customer Assets
Our Commitment to the Protection of Customer Assets

Given the recent news and market volatility in the digital asset industry, we felt it is timely to reiterate to our valued customers, bitFlyer’s commitment to protecting their account and digital assets. We also wanted to inform our users that bitFlyer is in no risk of facing any liquidity issue.

Since 2014, bitFlyer has always been at the forefront at shaping the regulatory environment within the crypto industry. In Europe, bitFlyer is a regulated entity with a payment institution license from the Luxembourg Ministry of Finance and is the first Luxembourg based company to receive the Virtual Asset Service Provider registration with the CSSF.

Since its establishment in 2018, bitFlyer Europe has adopted a customer first approach by prioritizing regulatory compliance and industry-leading security practices. At bitFlyer, institutional and retail customers benefit from:

An exchange with a track record of stability and securityCustomer assets stored offline in cold storage.Multi-factor authentication (MFA) to prevent unauthorized accessAdvanced encryption using SHA-2 cryptography standardsMultisig Bitcoin addresses to prevent a full range of hacking activities and cyber attacks

Funds deposited on bitFlyer Europe (both FIAT and crypto assets) are completely segregated from bitFlyer company funds. No qualifications, asterisks, or fine print. Tokens are safeguarded in a cold storage wallet, ready to be sent back at the click of a button. Multiple physical and logical security measures are in place to ensure that our customers' assets are kept safe and we operate in compliance with these segregation rules.

We will continue to provide services that satisfy our customers, aiming to be a trusted platform where customers can trade safely and securely. bitFlyer remains active in helping shape the future of crypto and remains confident in its future.

About bitFlyer EUROPE S.A.

bitFlyer EUROPE S.A., a wholly-owned subsidiary of bitFlyer Holdings – a leading cryptocurrency exchange based in Japan – is a regulated entity with a payment institution licence from the CSSF, passported to all EU member states. bitFlyer EUROPE S.A. also holds the first VASP registration in Luxembourg.


- bitFlyer Europe
European Customers Can Now Trade ETH/EUR Pair on bitFlyer
European Customers Can Now Trade ETH/EUR Pair on bitFlyer

Benefit from zero-fee pricing on one of the world’s most stable and secure crypto trading platforms.

LUXEMBOURG, November 9th, 2022 —

bitFlyer, one of the world’s largest and most trusted cryptocurrency exchanges, continues to expand its global footprint as it rolls out its Ethereum to Euro (ETH/EUR) pair to traders located in Europe. This announcement highlights bitFlyer’s commitment to expanding its product suite while playing to the firm’s core strength – providing industry-leading liquidity and deeply discounted fees to its sophisticated crypto trading community.

As Japan’s #1 cryptocurrency exchange by volume for five consecutive years, bitFlyer’s order flow, global presence and strong footprint in the Asian market uniquely positions our customers to capitalise on optimal bid or ask prices (depending on market trends).

The ETH/EUR pairing gives institutional and retail customers of bitFlyer EUROPE S.A. the opportunity to tap into one of the industry’s largest and most differentiated liquidity pools while they trade on a secure, licenced and regulated exchange in Europe. In September 2022, bitFlyer introduced an ETH/BTC cross-border trading pair, and having seen much success with the launch of its zero-fee campaign, decided to extend this price schedule through the end of the year as well as offering zero-fee trades for this new pair starting November 14.

At bitFlyer, institutional and retail customers benefit from:

An exchange with a track record of stability and securityCold wallet storage for customer assetsGlobal support to handle our VIP customer queries

"The launch of our ETH/EUR board follows our long-standing pledge to increase the number of trading pairs for our European institutional customers. bitFlyer continues zero-fee trading for our ETH/EUR pair, which complements our limited-time no-fee ETH/BTC board which has been in place since September. Unlocking the liquidity required to support Ethereum trades denominated in EUR represents a historic milestone for our company,” stated Ami Nagata, co-head and Chief Operating Officer of bitFlyer EUROPE S.A.

bitFlyer is expanding equitable access to digital assets globally – reducing inefficiencies in cryptocurrency markets – while remaining fully compliant with all EU regulations. As the first exchange to collectively gain licenses in Japan, Europe, and the United States, bitFlyer stands unrivaled in shaping the industry's dynamic regulatory frameworks.

About bitFlyer EUROPE S.A.

bitFlyer EUROPE S.A., a wholly-owned subsidiary of bitFlyer Holdings – a leading cryptocurrency exchange based in Japan – is a regulated entity with a payment institution license from the CSSF, passported to all EU member states. bitFlyer EUROPE S.A. also holds the first VASP registration in Luxembourg.


- bitFlyer Europe
Introducing our new Ethereum pair on Lightning!
Introducing our new Ethereum pair on Lightning!

Today, we are launching our new pair on Lightning: ETH/BTC.

Access to a new Market

Individual and institutional traders in Europe will now be able to trade on bitFlyer's ETH/BTC market, which has only been available to bitFlyer Japan customers until now.

This is another addition in our cross-border offering which gives traders access to the unique liquidity of the Japanese market.

What is bitFlyer Lightning? - Check out our Lightning guide here.

Our first crypto to crypto pair - and not the last

The launch of our first cryptocurrency to cryptocurrency pair on our trading platform opens new possibilities and opportunities to our users and we are excited to see how this new feature will be used by all of you.

To celebrate this launch, we are also running a “zero fees” campaign on this newly added pair. You can find some details about it via the link below.

Zero fees for ETH/BTC trading campaignTo celebrate the launch of ETH/BTC, we are also running a “zero fees” campaign on this newly added pair.Introducing our new Ethereum pair on Lightning!bitFlyer EuropebitFlyer EuropeIntroducing our new Ethereum pair on Lightning!If you are ready to start trading ETH/BTC:Already a bitFlyer customer? Log in to Lightning!
New to bitFlyer? Register now!
Need extra info about BTC and ETH?What is Bitcoin? How does BTC works? A guide for BeginnersLaunched in 2009, Bitcoin is the world’s first cryptocurrency, also known as “Digital Gold”. Satoshi Nakamoto, the pseudonymous founder, introduced Bitcoin as ‘Open Source Peer-2-Peer Money’ for secured, verifiable digital transactions without involving intermediaries like banks.Introducing our new Ethereum pair on Lightning!bitFlyer EuropebitFlyer EuropeIntroducing our new Ethereum pair on Lightning!What is Ethereum? (ETH) | Its token, features and capabilitiesEthereum is the second-largest blockchain-cryptocurrency platform after Bitcoin, in terms of market capitalisation. It was conceived by Vitalik Buterin—then 19 years old—and formally launched in 2015.Introducing our new Ethereum pair on Lightning!bitFlyer EuropebitFlyer EuropeIntroducing our new Ethereum pair on Lightning!
- bitFlyer Europe
Referral Program now available on Web!
Referral Program now available on Web!

Today we launched our Referral Program on Web! Both you and your friend will get €10 worth of Bitcoin each when your friend creates an account, makes a deposit and trades €100 of crypto or more.

How does it work?

1. Log into your bitFlyer account on your Web Browser.

2. Click on the "Referral Program" Tab

3. Get your own referral link from the “Share with friends” buttons.

Referral Program now available on Web!Referral program on Web

4. Choose a friend and send the link with an invitation.

5. Your friend needs to click on the link, then create a bitFlyer account. They should fill out Invitation code which is in the invitation. Without the code, both you and your friends will not be eligible for the rewards.

Referral Program now available on Web!Invitation Code Input Location

6. Your friend makes a deposit and trades €100 or more worth of any crypto. (Crypto deposit is not eligible for this program)

7. Both you and your friend receive €10 worth of Bitcoin!

Details about the program

The rewards will be sent out within 24 hours after your referral deposits and trades €100 or more and there is no upper limit to the number of people that can be referred.

Your friends can trade crypto on Buy/Sell or using Instant Buy and Recurring Buy features. Trading activity generated on the bitFlyer Lightning platform is excluded.

If you have more questions, please visit our FAQ or contact us.

Ready to get started?

Already a bitFlyer customer? Login Now!

Ready to join us? Register on bitFlyer!

Our referral program is also available on our App!

Referral Program now available on Web! Referral Program now available on Web!


• To be eligible to participate, individuals must be at least eighteen (18) years of age.

• To be eligible to participate, individuals must be residing within the European Economic Area.

• To be eligible to participate, individuals must be upgraded to Trade PRO on the bitFlyer platform

• bitFlyer accounts are limited to one account per person. Customers who already have a bitFlyer account before the initiation of this referral program can not create duplicate accounts.

• Customers who have closed their bitFlyer account at the time of granting the rewards are not eligible for this program

• If a referred user fails to complete the requirements to obtain a bonus within 90 days of opening his or her account, neither party will receive a bonus.

• To be eligible for the referral bonus payout, individuals must deposit 100EUR or more by bank transfer, Paypal or credit card. Crypto deposits are not eligible to qualify under this program.

• To be eligible for the referral bonus payout, all qualifying trades must be placed via bitFlyer’s Buy/Sell Marketplace options (Instant buy or Recurring buy). Lightning exchange orders are not eligible to qualify under this referral program.

• Opening an account through any method other than the invitation URL will forfeit eligibility for this program.

• Customers who had a bitFlyer account before the start of this program are not eligible to be referred.

• Customers who have frozen or restricted accounts before the start of this program are not eligible for this program.

• The rights acquired through the program cannot be transferred to another person.

• The BTC/EUR exchange rate will be based on the rate on our exchange platform at the time of rewarding.

• The purpose of this program is to attract new customers and reward those customers who genuinely intend to become our active  customers and use our services. Therefore if we detect certain behavior indicating that an individual is using this referral program for the sole purpose of collecting rewards without genuine intention to use our service, we may disquality eligibility for the program in such cases. For example, customers who meet the following criteria may forfeit their eligibility to receive rewards. Even if the rewards have already been granted, they may be recollected. Eligibility for further participation in this program may also be forfeited.

• If it has been identified that the customer has more than one account

• If the registered email address is unable to receive emails or does not receive the email sent for this program

• If the account was created using false information

• If we discover any fraudulent activity such as spoofing, affiliates, etc.

• Any other action that is deemed to violate our Terms of Use, illegal, or failure to meet our requirements

• Please note that the list is not exhaustive.

• In case of recollection, whichever is available and has the higher value of the below will be recollected from the customer's account. The crypto/EUR rate will be based on the rate on our exchange platform at the time of recollection.

• Amount of BTC granted as the reward;
• 10€ worth of other crypto held (in case there is no BTC available); or 10€

• We will not respond to any inquiries regarding customers eligibility.

• Please refer to our Privacy Policy for information on how we handle personal information. bitFlyer may change, suspend, cancel, or terminate some or all of the parts of this program without prior notice. bitFlyer is not responsible for any losses incurred due to changes, suspension, cancellation, or termination of this program.

• This program is subject to change, suspension, or cancellation without notice.

• If you have any questions about this program, please contact us

- bitFlyer Europe
New Coins available to Trade on bitFlyer Europe!
New Coins available to Trade on bitFlyer Europe!

Our selection of coins to trade on our platform just got larger! With the addition of 4 new coins, we wanted to give our customers more choice in their trading journey and help them to discover exciting cryptocurrency projects.

The 4 coins that have been added to our platform are:

Polkadot (DOT)Stellar (XLM) Tezos (XTZ)Basic Attention Token (BAT)

All 4 coins will be added to our Buy/Sell service as of today on both our App and on our Web platform.

New Coins available to Trade on bitFlyer Europe!The new coins on Buy/Sell

Check out our new coin selection now!

Go further on bitFlyer with our App, as you can earn BTC with our referral program:

New Coins available to Trade on bitFlyer Europe! New Coins available to Trade on bitFlyer Europe!

Don't forget that you can set up a recurring order for all our new coins on our Recurring Buy Service:

New Coins available to Trade on bitFlyer Europe!Recurring Buy is now also available on our Web platform!

Already a bitFlyer customer? Buy Now!

Ready to join us? Register on bitFlyer!

- bitFlyer Europe
Recurring Buy now available on Web!
Recurring Buy now available on Web!

As of today, our "Recurring Buy" feature is available on our Web Platform, which means our users can now purchase crypto automatically with as little as 10 EUR directly from their browser.

Recurring Buy is available on the left hand side menu after you log into your account.

Recurring Buy now available on Web!Recurring Buy on WebThe smartest and easiest way to invest in cryptoSimple SetupSchedule a recurring buy in a few stepsAutomatic PurchasesBuy crypto daily, weekly, biweekly or monthlyStart Small or Go BigSet up regular purchases as low as €10 or as high as €10,000Available crypto

Recurring buy can be used with all 7 types of cryptocurrencies currently handled on our platform:

Bitcoin (BTC)Ethereum (ETH)Ethereum Classic (ETC)Litecoin (LTC)Bitcoin Cash (BCH)Monacoin (MONA)Lisk (LSK)Purchase frequency

You can select from daily, weekly, biweekly and monthly.

Minimum purchase amount

It can be set from as little as 10 EUR.

Recurring Buy fee

There is no additional fee for Recurring Buy. Click here for details on other fees.

Available devices

Apart from Web, our recurring buy feature is also available on our mobile app "bitFlyer wallet" (iOS, Android).

Recurring Buy now available on Web! Recurring Buy now available on Web!

Already a bitFlyer customer? Login!
New to bitFlyer? Register now!

Important notes :

*Please ensure that there are sufficient funds in your bitFlyer account before the scheduled day of purchase. If there is an insufficient balance, the purchase will not be executed.

*Unless a purchase is not executed, the automatic purchase scheduling will not be cancelled.

*The time for purchase cannot be specified. bitFlyer will decide the time of purchase on the designated date.

*The rate used at the time of purchase will be based on the price on our Buy/Sell service.

*System troubles on the bitFlyer side may cause the purchase not to be executed. In that case, no automatic purchase will be executed until the next scheduled purchase.

- bitFlyer Europe
Introducing our New Logo!
Introducing our New Logo!

Today, we present you the new brand logo of bitFlyer! Let’s take a look at what changed:

Introducing our New Logo!Old Logo and New Logo

In this update, we have retained the best features of the former Logo and changed the colors to be brighter and more vivid.

Additionally, the font used in the new Logo is unique to bitFlyer but remains reminiscent of our previous one.

This change will be reflected on our Web platform as well as on our iOS and Android App.

If you’re curious to check our new Logo by yourself, sign in to your account:

Already a bitFlyer customer? Login!
New to bitFlyer? Register now!

Alternatively, download our App today:

Introducing our New Logo! Introducing our New Logo!
- bitFlyer Europe
Our new Funding Page is here!
Our new Funding Page is here!

We are happy to announce that we have updated the user interface of our Funding page on the Web (desktop version).

Our new Funding Page is here!New look of our Deposit EUR page

With the introduction of a sidebar on our Funding page, navigating between coins or deposit methods has never been easier!

Additionally, the simplified interface allows for a smoother experience when trying to deposit or withdraw your funds on our platform.

Our new Funding Page is here!New look of our Deposit BTC page

Check out our new Funding page today!

Already a bitFlyer customer? Login!
New to bitFlyer? Register now!
- bitFlyer Europe
Happy Bitcoin Pizza Day 2021!
Happy Bitcoin Pizza Day 2021!

Today is May 22nd, which means it's Pizza Day for the Bitcoin/Crypto community!

On May 22nd 2010, Laszlo Hanyecz bought two Pizzas for 10,000 BTC, which was worth around €33.00 back in 2010. This payment now acts as a milestone for the digital currency, and is acknowledge to be one of the first purchases of a product with Bitcoin.

In case you are new to Bitcoin, here is a quick guide to get you up to speed:

What is Bitcoin? - A bitFlyer Academy Guide for BeginnersLaunched in 2009, Bitcoin is the world’s first cryptocurrency, also known as “Digital Gold”. Satoshi Nakamoto, the pseudonymous founder, introduced Bitcoin as ‘Open Source Peer-2-Peer Money’ for secured, verifiable digital transactions without involving intermediaries like banks.Happy Bitcoin Pizza Day 2021!bitFlyer EuropebitFlyer EuropeHappy Bitcoin Pizza Day 2021!

As of today, and for the 11th birthday of Pizza Day, 1 Bitcoin is worth around €30,000, which means Laszlo bought two Papa John's Pizzas, for €300 Millions if it happened today. Just wow.

Happy Bitcoin Pizza Day 2021!Check our BTC Chart pageHow much was Bitcoin that day?

Have a look at our blogpost from last year, when we celebrated the 10th anniversary of the Pizza Day with this jaw-dropping infographic:

From two pizzas to your own private island: Tracking the value of 10,000 Bitcoin to celebrate Bitcoin Pizza Day 2020We have done a bit of research to find out what you could have bought with 10,000 bitcoins on Bitcoin Pizza Day in 2010 all the way up to today. So what might those bitcoin millionaires amongst you choose to buy to celebrate ten years of Bitcoin Pizza Day?Happy Bitcoin Pizza Day 2021!bitFlyer EuropebitFlyer EuropeHappy Bitcoin Pizza Day 2021!Refer a friend, get a Pizza... Sort of!

Fancy a Pizza yourself today? Well we can help! Successfully refer a new user to bitFlyer and treat yourself with the 10€ reward!

bitFlyer Referral Program - Invite friends, get free BTC!Today we launched our new Referral Program where you and your friends can earn rewards! Both you and your friend will get €10 worth of Bitcoin each when your friend creates an account and trades €100 of crypto or more.Happy Bitcoin Pizza Day 2021!bitFlyer EuropebitFlyer EuropeHappy Bitcoin Pizza Day 2021! Already a bitFlyer customer? Login!
New to bitFlyer? Register now!
Happy Bitcoin Pizza Day 2021! Happy Bitcoin Pizza Day 2021!
- bitFlyer Europe
The updated interface of Buy/Sell on the web is here!
The updated interface of Buy/Sell on the web is here!

We are happy to present you our new interface of Buy/Sell available on the web (both desktop and mobile). Let’s see what are the new functionalities:

The updated interface of Buy/Sell on the web is here!News articles - up to three the most important articles from the cryptocurrency industry daily.
Market Statistics - the highest and lowest movements of the prices and market capitalization in the last 24 hours.
Currency description of each coin available on the bitFlyer platform.
Trading History - clear overview of the history of your orders.

The web version of updated Buy/Sell functionality is also available on mobile:

The updated interface of Buy/Sell on the web is here!The updated interface of Buy/Sell on the web is here!

Trading crypto has never been easier! Check the new functionalities on your own today.

Already a bitFlyer customer? Login!
New to bitFlyer? Register now!
- bitFlyer Europe
New home screen for our iOS and Android app is now live!
New home screen for our iOS and Android app is now live!

Today, we present you our new home screen of the bitFlyer App for iOS and Android! Let’s take a look what changed:

1. New interactive home screen banners that will allow you to make a quick action:

New home screen for our iOS and Android app is now live!

2. Display of the coins with the biggest movements in the last 24 hours:

New home screen for our iOS and Android app is now live!

3. Direct banners to our special offers and blog so you don’t have to look for them inside the app!

New home screen for our iOS and Android app is now live!

If you’re curious to check the improvements by yourself, download now the bitFlyer App:

New home screen for our iOS and Android app is now live! New home screen for our iOS and Android app is now live!Start trading today!

Go further with the bitFlyer with our App, as you can setup recurring purchases and earn BTC with our referral program.

Set up regular crypto purchases with Recurring Buy, now live on our App!Today, we are launching a new “Recurring Buy” feature, which means our users can now purchase crypto automatically with as little as 10 EUR by a simple set up. You can use it from our mobile app “bitFlyer wallet”, available on both iOS and Android.New home screen for our iOS and Android app is now live!bitFlyer EuropebitFlyer EuropeNew home screen for our iOS and Android app is now live!bitFlyer Referral Program - Invite friends, get free BTC!Today we launched our new Referral Program where you and your friends can earn rewards! Both you and your friend will get €10 worth of Bitcoin each when your friend creates an account and trades €100 of crypto or more.New home screen for our iOS and Android app is now live!bitFlyer EuropebitFlyer EuropeNew home screen for our iOS and Android app is now live! Already a bitFlyer customer? Login!
New to bitFlyer? Register now!
- bitFlyer Europe
bitFlyer Referral Program - Invite friends, get free BTC!
bitFlyer Referral Program - Invite friends, get free BTC!

Today we launched our new Referral Program where you and your friends can earn rewards! Both you and your friend will get €10 worth of Bitcoin each when your friend creates an account, makes a deposit and trades €100 of crypto or more.

Our Referral Program now available on Web!Today we launched our Referral Program on Web!bitFlyer Referral Program - Invite friends, get free BTC!bitFlyer EuropebitFlyer EuropebitFlyer Referral Program - Invite friends, get free BTC!bitFlyer Referral Program - Invite friends, get free BTC! bitFlyer Referral Program - Invite friends, get free BTC!How does it work?

1. Make sure you have the latest version of the App on your phone or tablet.

2. Open your bitFlyer App and go to the “Invite Friends” section accessible from the Menu

bitFlyer Referral Program - Invite friends, get free BTC!

3. Get your own referral link from the “Send Invite” button.

bitFlyer Referral Program - Invite friends, get free BTC!

4. Choose a friend and send the link with an invitation.

5. Your friend needs to click on the link, then install the bitFlyer Wallet App and create a bitFlyer account*. They should fill out Invitation code which is in the invitation. Without the code, both you and your friends will not be eligible for the rewards.

bitFlyer Referral Program - Invite friends, get free BTC!

6. Your friend makes a deposit and trades €100 or more worth of any crypto. (Crypto deposit is not eligible for this program)

7. Both you and your friend receive €10 worth of Bitcoin!

* Currently, the referral program is only available through the bitFlyer Wallet app. If your friend creates an account on the web, you will not be eligible for the reward.

Details about the program

The rewards will be sent out within 24 hours after your referral deposits and trades €100 or more and there is no upper limit to the number of people that can be referred.

Your friends can trade crypto on Buy/Sell or using Instant Buy and Recurring Buy features. Trading activity generated on the bitFlyer Lightning platform is excluded.

If you have more questions, please visit our FAQ or contact us.

Ready to get started? Download the App!bitFlyer Referral Program - Invite friends, get free BTC! bitFlyer Referral Program - Invite friends, get free BTC!


• To be eligible to participate, individuals must be at least eighteen (18) years of age.

• To be eligible to participate, individuals must be residing within the European Economic Area.

• To be eligible to participate, individuals must be upgraded to Trade PRO on the bitFlyer platform

• bitFlyer accounts are limited to one account per person. Customers who already have a bitFlyer account before the initiation of this referral program can not create duplicate accounts.

• Customers who have closed their bitFlyer account at the time of granting the rewards are not eligible for this program

• If a referred user fails to complete the requirements to obtain a bonus within 90 days of opening his or her account, neither party will receive a bonus.

• To be eligible for the referral bonus payout, individuals must deposit 100EUR or more by bank transfer, Paypal or credit card. Crypto deposits are not eligible to qualify under this program.

• To be eligible for the referral bonus payout, all qualifying trades must be placed via bitFlyer’s Buy/Sell Marketplace options (Instant buy or Recurring buy). Lightning exchange orders are not eligible to qualify under this referral program.

• Opening an account through any method other than the invitation URL will forfeit eligibility for this program.

• Customers who had a bitFlyer account before the start of this program are not eligible to be referred.

• Customers who have frozen or restricted accounts before the start of this program are not eligible for this program.

• The rights acquired through the program cannot be transferred to another person.

• The BTC/EUR exchange rate will be based on the rate on our exchange platform at the time of rewarding.

• The purpose of this program is to attract new customers and reward those customers who genuinely intend to become our active  customers and use our services. Therefore if we detect certain behavior indicating that an individual is using this referral program for the sole purpose of collecting rewards without genuine intention to use our service, we may disquality eligibility for the program in such cases. For example, customers who meet the following criteria may forfeit their eligibility to receive rewards. Even if the rewards have already been granted, they may be recollected. Eligibility for further participation in this program may also be forfeited.

• If it has been identified that the customer has more than one account

• If the registered email address is unable to receive emails or does not receive the email sent for this program

• If the account was created using false information

• If we discover any fraudulent activity such as spoofing, affiliates, etc.

• Any other action that is deemed to violate our Terms of Use, illegal, or failure to meet our requirements

• Please note that the list is not exhaustive.

• In case of recollection, whichever is available and has the higher value of the below will be recollected from the customer's account. The crypto/EUR rate will be based on the rate on our exchange platform at the time of recollection.

• Amount of BTC granted as the reward;
• 10€ worth of other crypto held (in case there is no BTC available); or
• 10€

• We will not respond to any inquiries regarding customers eligibility.

• Please refer to our Privacy Policy for information on how we handle personal information. bitFlyer may change, suspend, cancel, or terminate some or all of the parts of this program without prior notice. bitFlyer is not responsible for any losses incurred due to changes, suspension, cancellation, or termination of this program.

• This program is subject to change, suspension, or cancellation without notice.

• If you have any questions about this program, please contact us

- bitFlyer Europe
What is Lisk? (LSK) - A bitFlyer Academy Guide for Beginners
What is Lisk? (LSK) - A bitFlyer Academy Guide for Beginners

Lisk (LSK) is a blockchain-based, decentralised computational platform. It was founded in early May 2016, by Max Kordek and Oliver Beddows.

As a fork of Crypti, a JavaScript-based platform for dApps, Lisk’s primary vision is to broaden and ease the accessibility of blockchain technology, both in development and usage. What does LSK means? Well is the name of the project’s utility token, used to pay for transaction fees on the Lisk blockchain.

What is Lisk? (LSK) - A bitFlyer Academy Guide for BeginnersThe Lisk Ecosystem: Elements & Features

What is Lisk? Lisk is predominantly a platform for creating and deploying Decentralised Applications or dApps—applications hosted on globally distributed computer networks, rather than on centralized servers.

The platform’s users can create, publish, distribute, and monetise their dApps, as well as leverage the ecosystem’s native cryptocurrency, LSK. In other words, Lisk is a self-sustaining and integrated platform, supporting features such as smart contracts, blockchain-based storage, and so on.

Interested in buying Lisk? Register now!
JavaScript Compatibility

Substantial learning curves associated with specific programming language requirements have been a major obstacle to the wide-scale adoption of blockchain-based solutions. Lisk addresses this problem by enabling dApp development in JavaScript (JS), which is especially appealing to developers with a traditional outlook.

Apart from JS, Lisk also works with TypeScript, which is another commonly-used language for web development. Consequently, unlike in the case of Ethereum, developers working with Lisk don't usually have to learn a new, platform-specific programming language.

The Delegated Proof of Stake Protocol (DPoS): Resource-Optimised Consensus

Despite watertight security, the Proof-of-Work (PoW) consensus protocol, implemented by Bitcoin, among others—has severe scalability and environmental trade-offs. As a scalable and eco-friendly alternative, Lisk adopts a Delegated Proof of Stake (DPoS) consensus mechanism.

Briefly put, every member of the network, that is LSK token holders, can vote for 101 delegates. In this context, casting a vote means ‘staking’ (locking) a predefined amount of LSK tokens in special wallets. In turn, the ‘active delegates’ are responsible for validating Lisk transactions and for creating blocks.

What is Lisk? (LSK) - A bitFlyer Academy Guide for Beginners

The Lisk blockchain is considerably fast, with new blocks being created roughly every 10 seconds, while each cycle of 101 blocks takes around 16 minutes for settlement—to compare, Bitcoin takes around 10 minutes for the creation of new blocks.

Complementing the network’s sidechain architecture, the said validation mechanism enhances scalability. Furthermore, delegates are incentivised through rewards, distributed in LSK tokens.

The Mechanisms of Lisk: Fostering Innovation with SDK

Extending blockchain’s accessibility to the general populace is Lisk’s primary mission. The platform is predominantly focused on decentralised software development, while the LSK token serves as the system’s internal mode of value exchange. In this context, Lisk’s Software Development Kits or SDKs play a crucial role.

The Lisk SDK

Lisk’s SDK represents a reliable, easy-to-use, and customisable toolkit, designed to assist the development of Lisk-compatible applications. Broadly, the kit has three components:

Framework: Establishes and maintains the interactions between modules on the Lisk network.Elements: A collection of libraries, used to implement various functionalities to custom dApps.Commander: A command line tool that enables Lisk users to interact with the underlying blockchain.Lisk & Ethereum: A Brief ComparisonWhat is Lisk? (LSK) - A bitFlyer Academy Guide for Beginners

In general, both Ethereum and Lisk are distributed computational platforms, in other words, decentralised super computers, that allow users to create blockchain-based applications. However, despite Ethereum being the most popular ecosystem of its kind, Lisk has certain distinctions which are better-suited for certain requirements.

Lisk has a sidechain architecture for greater scalability, while Ethereum does not.Ethereum has a platform-specific programming language, called Solidity, whereas Lisk is compatible with JavaScript and TypeScript.Ethereum’s execution environment, called Ethereum Virtual Machine (EVM), is secured using a PoW-PoS hybrid, while the Lisk Virtual Machine implements a Delegated Proof of Stake (DPoS).With a 10 second blocktime, as compared to Ethereum’s 15 second, Lisk is the faster one out of the two ecosystems.

Considering the above points, it’s evident that Lisk is a potent alternative to Ethereum, with a wider scope in certain regards. To participate on the network, users can buy, sell, and trade LSK on bitFlyer. Join bitFlyer today.

Already a bitFlyer customer? Login!
New to bitFlyer? Register now!


The information contained in this article is for general information purposes only. bitFlyer EUROPE S.A. is in no way affiliated with any of the companies mentioned herein. Neither does bitFlyer assume any responsibility nor provide any guarantee for the accuracy, relevance, timeliness or completeness of any information provided for by these external companies.

You accept that you are responsible for carrying out your own due diligence when investing. bitFlyer shall in no way be responsible for any acts taken on account of this article nor does bitFlyer provide any investment advice for its users.

- bitFlyer Europe
What is Litecoin? (LTC) - A bitFlyer Academy Guide for Beginners
What is Litecoin? (LTC) - A bitFlyer Academy Guide for Beginners

Commonly known as the first successful altcoin, Litecoin is one of the early spinoffs of Bitcoin, started in 2011 as an attempt to make a cryptocurrency more appropriate for use as digital cash.

Created by developer Charlee Lee, Litecoin has some advantages over its other cryptocurrency competitors. For instance, compared to Bitcoin, Litecoin offers much lower transaction fees. It is consistently ranked in the top five and top ten cryptocurrencies, holding ground with a stable market share of around 5% since its creation, even as other coins rise and fall in popularity.

Despite introducing new possibilities for the world of finance and technology, Bitcoin’s core came with significant usability and scalability shortcomings Litecoin (LTC) was created as an alternative solution to these problems.

What is Litecoin? (LTC) - A bitFlyer Academy Guide for Beginners

Litecoin emerged out of a Bitcoin fork, proposed and developed by Charlie Lee, a renowned computer scientist. The project’s primary vision was to become the silver to Bitcoin’s gold, thereby widening people’s access to cryptocurrencies. Prior to incepting the Litecoin Foundation in 2017—a non-profit backing the Litecoin project—Lee worked at Google and Coinbase, among other firms.

Interested in buying Litecoin? Register now!
Distinguishing Features: How Does Litecoin Work?

In general, Litecoin’s primary ‘competitor’ is Bitcoin, although the two networks complement each other in several regards. For one, Litecoin inherited Bitcoin’s code, enhancing the same with many novel implementations.

On the other hand, Litecoin pioneered technologies like the Lightning Network and Segregated Witness (SegWit), which have eventually been adopted by Bitcoin.

Scrypt for Speed

In terms of transaction settlement, Litecoin is nearly four times faster than Bitcoin. To achieve this, Litecoin implements a modified version of Bitcoin’s Proof-of-Work (PoW) consensus mechanism, namely Scrypt.

The implementation aligns with Litecoin’s agenda of addressing concerns related to ASIC-based mining, in which it has been partially successful. Instead of using highly expensive ASIC hardware, Litecoin miners can work with more affordable Graphics Processing Units (GPUs).

Thanks to Scrypt, Litecoin successfully reduced the block confirmation time, the time taken to finalise new blocks, to 2.5 minutes, as compared to Bitcoin’s 10 minutes. As a result, while Bitcoin settles roughly 7 transactions per second, Litecoin completes around 56 transactions per second.

SegWit for ScalabilityWhat is Litecoin? (LTC) - A bitFlyer Academy Guide for Beginners

Blockchain-based transactions are cryptographically encrypted, meaning that they include signatures of the sender and/or receiver to ensure authenticity and so on. In the original Bitcoin Core, these signatures were included in the transaction, so to say, thus increasing the size of each transaction.

In 2017, Litecoin implemented Segregated Witness or SegWit, a solution proposed by Blockstream co-founder, Pieter Wuille. To put it simply, SegWit separates signatures from transactions, putting them into the associated input rather than in the transaction.

This effectively reduces the transaction’s size, and consequently, more transactions can be added to each block. Combined with Scrypt, SegWit imparts a heightened scalability to Litecoin, which in turn, makes the network more relevant for large-scale usage.

The LTC Token: Litecoin’s Native Cryptocurrency

Similar to Bitcoin, Litecoin is an open-source, peer-to-peer digital currency, based on the network’s native cryptocurrency, namely the LTC token. It can be used for a range of financial purposes and has a maximum supply of 84 million.

Litecoin’s fully decentralised payment network supports near ‘zero fee’ for transactions in LTC. Moreover, the token’s code architecture facilitates optimum efficiency in terms of storage. It also provides greater security against malware, viruses, and hacks.

What is Litecoin? (LTC) - A bitFlyer Academy Guide for Beginners

Rewarding miners to incentivise desirable behaviour is one of LTC’s primary internal functions within the Litecoin network. Initially, the block reward was 50 LTC. However, the algorithm halves the amount every 4 year (roughly, after every 840,000 blocks). At the time of writing, in early 2021, miners receive 12.5 LTC tokens for each block.

Backed by the network’s functionalities and inherent value, LTC’s market performance has progressed steadily over time. To know more about Litecoin, as well as to buy, sell, and trade LTC, join bitFlyer and follow our blog.

Already a bitFlyer customer? Login!
New to bitFlyer? Register now!


The information contained in this article is for general information purposes only. bitFlyer EUROPE S.A. is in no way affiliated with any of the companies mentioned herein. Neither does bitFlyer assume any responsibility nor provide any guarantee for the accuracy, relevance, timeliness or completeness of any information provided for by these external companies.

You accept that you are responsible for carrying out your own due diligence when investing. bitFlyer shall in no way be responsible for any acts taken on account of this article nor does bitFlyer provide any investment advice for its users.

- Zeynep Geylan
Gaming unique active wallets grew 60% in 2022 – on-chain transactions up 37%

Web 3 gaming on-chain transactions and Unique Active Wallets (UAW) recorded 37% and 60% growth during 2022, according to a recent report from DappRadar.

The top three most popular gaming blockchains were Wax (WAXP), Hive (HIVE), and BNB Chain (BNB), with 353,000, 234,000, and 136,000 daily UAWs, respectively, according to the DappRadar report.

Gaming growth

Currently, 1.15 million daily UAWs connect to gaming dApps, marking a 60% increase over 2021. This increase in daily gaming UAW numbers also allowed games to dominate DeFi UAWs in 2022.

In 2021, Defi UAWs were dominant by occupying 41% of the industry share, while gaming’s was 39%. This changed to 28% for Defi and 49% for gaming in 2022, positioning the gaming UAWs as the dominants of the market.

UAW dominance of Defi and GamingUAW dominance of Defi and Gaming

Meanwhile, on-chain game transactions have increased to 7.4 billion in 2022, marking a 37% increase since 2021 and an impressive 3,260% since 2020. One unique wallet conducted 25 gaming on-chain transactions on average in 2022.

This growth was recorded despite the halting effects of the bear market, which caused many aspects of the crypto sphere to shrink. Gaming activities, however, currently account for 49% of the on-chain activity DappRadar tracks.


Protecting its ranking in 2021, Wax remained the most popular gaming blockchain that hosted the highest number of daily UAWs. Wax attracted 353,000 daily UAWs, which marked a 57% increase from 224,000 in 2021.

Top gaming blockchains by UAWTop gaming blockchains by UAW

Hive, BNB Chain, and Polygon (MATIC) followed WAX as the second, third, and fourth in ranking with 234,000, 136,000, and 97,000 daily active UAWs, respectively. 2022’s numbers marked 96% and 20% year-over-year growth for Hive and BNB Chain.

However, Polygon’s UAW count in 2022 marked a staggering 338% growth since 2021. The report states that the chain owes this expansion to the popularity of games like Arc8, Benji, Bananas, Crazy Defense Heroes, and Pegaxy.

Increasing its daily UAW count from 138 in 2021 to 12,300, Flow (FLOW) recorded the most extensive growth in 2022 with 8,881%.


Throughout 2022, Web3 Gaming and metaverse projects jointly raised $7.6 billion in investment, which marks a 59% increase since 2021.

Investments in gaming and metaverseInvestments in gaming and metaverse

In 20219 and 2020, the total amount of investments raised by these fields was measured in millions. It reached billions for the first time in 2021, with a total of $3.7 billion.

The three most significant investments that fell under this category in 2022 were Flow’s $725 million Ecosystem Fund, the $500 million investment fund by Immutable X, and the $450 million funding raised by Yuga Labs and Polygon each.

Breakdown of total investmentBreakdown of total investment

The above graph represents the breakdown of the $7.6 billion spared in gaming and the metaverse in 2022. Projects focusing on infrastructure reserved 33.5% ($2.54 billion) for themselves. Another $2 billion went to individual gaming and metaverse projects, which accounted for 27.3% of the total amount. Guilds and incubator programs got another $1.4 billion, while investment firms got $1 billion.

The post Gaming unique active wallets grew 60% in 2022 – on-chain transactions up 37% appeared first on CryptoSlate.

- Samuel Wan

Cardano founder Charles Hoskinson responded to criticism over his proposed acquisition of CoinDesk by saying “[this] epitomizes the fundamental problem of journalism.”

Specifically, he was referring to an op-ed from crypto media outlet Protos, titled, “Opinion: Charles Hoskinson would be the worst thing to happen to CoinDesk,” which blasted Hoskinson’s take on overhauling journalism by changing the incentive structure through “veracity bonds.”

The author explained that the pushback from journalists would make his proposals unworkable. Further, what stands as “truth” is easily swayed by online sentiment, which, in any case, can be bought by the “elite few” anyway.

Veracity bonds

In a livestream on Jan. 20, the Cardano founder stated that media generally has an agenda, citing several examples of this, including FTX paying the Block to spin positive narratives on the now-defunct exchange.

Rather than spin narratives and influence the masses in a particular direction, his interest in acquiring CoinDesk is to get back to honest and principled reporting, said Hoskinson.

“Everyone wants to have a media outlet and use that as a way to express influence in this space, so ‘our chain is great, and this other chain is bad.’ My interest on the media side is more broad, in that I would like to figure out how to get to journalistic integrity, again.”

One approach to achieving this could be through the use of veracity bonds. This would involve an outlet stumping up money for every article published. Should the article be deemed inaccurate, the outlet would forfeit the bonded money to the one who called out the inaccuracy.

“Wouldn’t that be amazing in journalism, where they would be the financial incentive for people to fact-check the fact-checkers?”

However, according to Protos, such a system would be impractical.

Hoskinson defends his ideas

Nonetheless, in defending veracity bonds, Hoskinson explained that financial incentives are key to impacting human psychology and behavior.

He added that the fundamental problem of journalism boils down to the current incentive structure, which he described as one of fostering anger and division.

Journalists and media outlets pledge their credibility each time they publish an article. The current system has no direct financial penalty for inaccurate and dishonest reporting. But with veracity bonds, inaccurate and dishonest reporting does carry a financial penalty.

“The minute you actually get caught, there’s no actual consequences for that; the incentive structure is broken. Veracity bonds with a prediction market model says that if you get caught with your hand in the cookie jar, you actually lose money.”

Under a veracity bond system, the public would be more inclined to trust media, said Hoskinson.

The post Hoskinson reacts to push back against CoinDesk acquisition appeared first on CryptoSlate.

- Christian Nwobodo

Argo Blockchain investors have filed a lawsuit alleging that the crypto miner made misleading statements and concealed important information during its initial public offering (IPO) filing.

The Texas-based Bitcoin mining firm went public on Sept. 23, 2021, after submitting the required documents to the U.S. Securities and Exchange Commission (SEC).

During its IPO, Argo issued about 7.5 million ADS shares at an offering price of $15, bringing in proceeds of approximately $105 million to the mining firm.

However, a Jan. 26 lawsuit by early Argo Blockchain investors alleged that the crypto miner made misleading information during its IPO registration.

Investors accuse Argo

The investors accused Argo Blockchain of failing to disclose that its business was highly susceptible to electricity costs and network difficulties.

For context, Argo Blockchain accidentally revealed that it was preparing to file for bankruptcy back in Dec. 2022. Further investigation revealed that its financial woes were linked to high electricity prices which went as high as $0.06 per kWh — which would cause the firm around $12.400 to mint 1 BTC.

Argo Blockchain negligently prepared its IPO documents which concealed vital information that would affect its business profitability, alleged the lawsuit.

Investors claimed that if Argo Blockchain had not concealed such important information, they would not have purchased the securities or acquired them at the inflated prices that were paid.

Available data shows that Argo Blockchain’s share price is below $0.2 — indicating a 98% decline from the offering price of $15.

In the wake of the prolonged bear market, Argo Blockchain reportedly sold its Helios facility to Galaxy Digital. As a result, its mining revenue fell to $2.49 million, while its debt amounted to $79 million at the end of Dec. 2022.

The post Argo Blockchain hit with class action lawsuit over IPO misinformation appeared first on CryptoSlate.

- Oluwapelumi Adejumo
Optimism (OP) hits new ATH despite 70% transaction volume decline

Layer 2 (L2) network Optimism (OP) transaction volume has declined by over 70% to 200,000 from an all-time high (ATH) of 800,000, according to Etherscan data.

Meanwhile, despite the steep decline in its transaction volume, Optimism’s OP printed a $2.49 ATH on Jan. 25, according to CryptoSlate data.

Optimism’s transaction volume falls

Binance research pointed out that the decline in volume coincided with Optimism ending its NFT incentive program, “Optimism Quests,” on Jan. 17 — the NFT program majorly drove user engagements and transactions to the L2 network.

Optimism’s growth was inorganic in 2022 because incentives in its ecosystem fueled its growth, a Messari report said. Recent events on the network have confirmed this report.

For context, the L2 network registered over 600,000 transactions on Jan. 17 and declined by over 50% to 239,000 by Jan. 18, according to Etherscan data. Since then, the network volume has ranged between 160,000 – 200,000.

Optimism TransactionSource: Etherscan

Meanwhile, decentralized finance (DeFi) analyst, DeFiyst, suggested that users participated in the incentive program because they wanted to qualify for OP’s second airdrop.

OP trades at new ATH

OP is one of the biggest gainers in the current market rally, growing by over 139% in the last 30 days. As of Jan. 1, the governance token was trading for less than $1, but its value more than doubled when the network witnessed a surge in its transaction volume on Jan. 12.

Despite ending the Quest program more than a week ago, OP’s value has increased by 21% in the last seven days..

The post Optimism (OP) hits new ATH despite 70% transaction volume decline appeared first on CryptoSlate.

- Zeynep Geylan

E-commerce giant Amazon is launching an NFT initiative focusing on blockchain gaming and related NFTs in the spring of 2023, according to a Blockworks report.

The initiative is still in the development stage, but the deadline for the launch is set as April, according to information from four anonymous individuals shared with Blockworks. One of the use cases will allow Amazon users to play blockchain-based games and claim free NFTs, one source claimed.

Evolving plans

In recent months, Amazon executives leading the initiative reached out to at least one family office, according to Blockworks. Even though the plan was to do at least one NFT collection drop with an artist, it quickly evolved into what it is today.

One of the sources stated:

“We knew it was possible. But now it seems like it’s really happening. That’s going to affect the existing players in the space — if they execute and do this right and are smart about it.”

The new initiative will be launched on “Amazon proper,” even though Amazon’s popular web hosting platform — Amazon Web Services (AWS) — posted job ads for Web3 developers over the past few months.

Amazon launched its loyalty-based coins program in 2013, which continues to exist separately from the new NFT initiative.

On April 2022, Amazon CEO Andy Jassy joined CNBC’s Squawk Box. Jassy said that he expected the NFT market to grow further and that Amazon could add crypto payments.

“I expect that NFTs will continue to grow very significantly. We’re not probably close to adding crypto as a payment mechanism in our retail business. But I do believe over time you’ll see crypto become and it’s possible … it’s possible down the road,”

The post Amazon to launch gaming-focused NFT initiative appeared first on CryptoSlate.

- Mike Dalton

The U.S. Securities and Exchange Commission (SEC) has rejected a Bitcoin spot ETF from ARK and 21 Shares, as indicated in a Jan. 26 filing.

Cboe BZX intended to list the planned ETF. The exchange’s proposed rule change, which would have allowed the listing, was specifically rejected today.

The SEC said that Cboe BZX failed to demonstrate that it could comply with certain sections of the Securities Exchange Act. Though Cboe BZX’s proposal specifically addressed concerns around surveillance, the regulator said that the exchange did not show that it could prevent fraud and market manipulation or protect investors.

The regulator rejected Cboe BZX’s previous proposal in April 2022. The exchange submitted a follow-up proposal to the SEC just one month later in May 2022. The SEC postponed the deadline for its decision before it finally rejected the proposal today.

If Cboe BZX’s proposal had succeeded, the resulting ETF would have been managed by Ark Invest — an investment management firm headed by Wall Street veteran Cathie Wood — and 21 shares. It would have been listed on Cboe BZX’s own exchange.

The SEC has rejected many previous Bitcoin spot ETF proposals on virtually identical grounds. The regulator rejected applications WisdomTree and VanEck last October and November respectively. Fidelity, SkyBridge, and others have also been met with rejection.

The most notable and persistent ETF applicant is undoubtedly Grayscale, which is aggressively trying to persuade the SEC to allow it to convert its existing Bitcoin trust into an exchange-traded fund. The two parties are now in court over the matter.

To date, U.S. regulators have not approved any Bitcoin spot ETFs. The SEC has, however, approved various Bitcoin futures ETFs since October 2021.

The post SEC re-declines Bitcoin ETF from ARK, 21Shares appeared first on CryptoSlate.

- Mike Dalton

The biggest news in the cryptoverse for Jan. 26 saw defunct crypto exchange FTX reveal its full list of creditors. Elsewhere, a Washington man has been sentenced to prison for hiring hitmen with Bitcoin. Plus, Coinbase has been fined $3.6 million by Netherlands regulators, U.S. senator Elizabeth Warren has called on the SEC to fight crypto fraud, and Moody’s is developing a stablecoin scoring system. Plus, research on Ethereum gas usage.

CryptoSlate Top Stories FTX creditors include Google, Meta, Circle, Genesis, govt. agencies

FTX finally revealed its complete list of creditors on Jan. 25 but withheld the names of nearly 9.6 million users following a court order.

The defunct crypto exchange owes millions of creditors, including U.S. and international government agencies, law firms, banks, media outlets, charitable foundations, marketing agencies, and more.

The creditor matrix brings to light the impact of FTX’s collapse — which has spread far beyond the crypto ecosystem. Global finance and tech firms, including Ant Group, Google, Amazon, Meta, Netflix, LinkedIn, and Apple, appear on the list of FTX creditors.

Dark web hitmen paid $60,000 BTC to kidnap estranged wife

Ronald Craig Ilg — 56, of Spokane, Washington — has been sentenced to 96 months in federal prison for paying over $60,000 Bitcoin (BTC) to dark web hitmen.

Ilg paid the hitmen who attempted to kidnap and assault multiple victims — including his ex-wife — through an online scheme in which he solicited the assistance of known hitmen.

Beginning in early 2021, court records found that Ilg — who had been working as a neonatologist — transmitted dozens of messages under the alias “Scar215” and sent more than $60,000  BTC to advance his nefarious plot.

Coinbase fined $3.6M for operating without registration in the Netherlands

Leading crypto exchange Coinbase is facing a $3.6 million fine for allegedly operating in the Netherlands without legal registrations with De Nederlandsche Bank (DNB).

The Dutch regulator said on Jan. 26 that Coinbase’s operation in the Netherlands was illegal until Sept. 22, 2022. The exchange had failed to register with the DNB under the Dutch anti-money laundering and anti-terrorist financing act.

As a result, Coinbase may have failed to report unusual transactions on its platform to the financial intelligence unit.

Elizabeth Warren urges stricter regulation, says solution to crypto fraud begins with the SEC

U.S. senator Elizabeth Warren urged banking and environmental regulators to fight crypto fraud along with the Securities and Exchange Commission (SEC) in a speech on Jan. 25.

Warren said that during the past 12 months the crypto industry saw giants like Celsius and FTX collapse under the weight of their own “fraud, deceit, and gross mismanagement,” which has created an urgency to protect “honest investors” that are victimized.

Moody’s eyeing a scoring system for stablecoins

Moody’s Corp., an integrated risk assessment firm, will start looking at how it can ascertain the risk and health of stablecoins, Bloomberg News reported on Jan. 26.

The need to rate stablecoins comes amidst renewed pressure from governments and regulators worldwide.

Moody’s scoring system will have an analysis of up to 20 stablecoins based on the quality of attestations on their reserves, the news outlet reported, citing a person familiar with the company’s plans.

SBF family, associates refuse to cooperate in FTX bankruptcy case as arrest details emerge

Associates and family members of Sam Bankman-Fried are refusing to cooperate in FTX’s bankruptcy case, according to a court filing dated Jan. 25.

Following its collapse last November, the once-leading crypto exchange FTX entered bankruptcy proceedings in the U.S. Bankruptcy Court for the District of Delaware.

As part of those proceedings, the company is seeking relevant information from former founder and CEO Sam Bankman-Fried and others with whom he is close.

According to a filing, specific individuals are “currently cooperating” to provide “important information,” while others are not. As such, FTX and its creditor committee aim to have those individuals subpoenaed and compelled to provide documents and information.

Research Highlight Research: NFTs accounted for 28% of the ETH gas usage in January

CryptoSlate analysts examined the gas usage shares of different transaction categories on the Ethereum (ETH) network. They found that the NFTs category accounted for 28% in the year’s first month.

The analysis divides all transactions on the ETH network into eight categories as Vanilla, ERC20, Stablecoins, DeFi, Bridges, NFTs, MEV Bots, and others.

The second, third, and fourth categories that occupied the most significant gas usage by share appeared as Defi, ERC20, and stablecoins, with 8% for Defi and ERC20 and 6% for stablecoins.

Crypto Market

In the last 24 hours, Bitcoin (BTC) fell -0.03% to trade at $23,019.19, while Ethereum (ETH) was up 0.8% at $1,602.76.

Biggest Gainers (24h) Aptos (APT): 37.82% COTI (COTI): 23.04% Audius (AUDIO): 21.8% Biggest Losers (24h) BinaryX (BNX): -4.19% Ribbon Finance (RBN): -3.3% Alpha Finance Lab (ALPHA): -2.52%

The post CryptoSlate Wrapped Daily: FTX reveals creditors; U.S. man spends BTC on hitmen appeared first on CryptoSlate.

- Mike Dalton

Associates and family members of Sam Bankman-Fried are refusing to cooperate in FTX’s bankruptcy case, according to a court filing dated Jan. 25.

SBF associates not cooperating

Following its collapse last November, the once-leading crypto exchange FTX entered bankruptcy proceedings in the U.S. Bankruptcy Court for the District of Delaware.

Now, as part of those proceedings, the company is seeking relevant information from former founder and CEO Sam Bankman-Fried and others with whom he is close.

According to a filing, certain individuals are “currently cooperating” to provide “important information,” while others are not. As such, FTX and its creditor committee aim to have those individuals subpoenaed and compelled to provide documents and information.

That information should aid in recovering supposedly misappropriated funds. Bankman-Fried’s family members and associates have made transactions, received donations, and purchased pieces of property — all of which could be relevant to tracking the flow of funds.

Sam-Bankman Fried himself is allegedly not cooperating with the case. Sibling Gabriel Bankman-Fried and associate Nishad Singh have provided no meaningful response. Associates Gary Wang and Caroline Ellison have refused to provide information.

Furthermore, Bankman-Fried’s mother, Barbara Fried, has ignored requests for information. Lawyers for his father, Joseph Bankman, are reportedly cooperating.

SBF’s arrest was secretive

Sam Bankman-Fried and other sources close to him also disclosed new details about his imprisonment in the Bahamas during a Forbes interview on Jan. 26.

According to Forbes, Bankman-Fried received a call from his lawyer on Dec. 12 to warn him of his impending arrest, which would take place later that day. Bankman-Fried’s lawyer had obtained that information from the FBI. The FBI also offered a choice: Bankman-Fried could wait for his impending arrest — which would allow him to remain in the Bahamas — or he could agree to be extradited to the U.S. immediately.

Bankman-Fried and his parents attempted to find out whether the offer was legitimate by calling various Bahamas officials who knew nothing about the development.

According to a diplomatic note, the U.S. Department of Justice (DOJ) believed that Bankman-Fried would attempt to flee the Bahamas or destroy important evidence if he were allowed to remain free. Supposedly, that motivated the DOJ to keep Bankman-Fried’s arrest secret in order to pressure him to return to the United States.

Ultimately, only two Bahamas officials — Attorney General Leo Pinder and Magistrate Court Judge JoyAnn Ferguson-Pratt —  were aware of the planned arrest. The lack of communication led to Bankman-Fried’s detainment at Fox Hill Prison.

Lack of internet drove extradition

Sam Bankman-Fried did not recount that information personally. He did, however, repeat an earlier sentiment by noting that a lack of internet was the hardest part of being in prison. He said:

“I didn’t realize how much more important than everything else combined internet access is to me, but that was like 80% of the total cost of being in prison.”

Bankman-Fried was allowed to make just one 30-minute call during his prison stay and was sometimes able to read a newspaper. He also was able to talk to his lawyers on a daily basis. This limited communication —  specifically, the absence of internet access —  was the “driving force behind his extradition and bail deal,” Forbes says.

On Dec. 21, after nine days in prison, Bankman-Fried agreed to extradition. Earlier reports suggested that Bankman-Fried and his lawyer would fight extradition before they chose to reverse that position days later. Bankman-Fried soon returned to the U.S., where he faced charges on eight counts, including fraud and money laundering.

FTX’s bankruptcy case is separate from Bankman-Fried’s criminal case. Ellison and Wang cooperated with authorities to reach a plea deal in mid-December. Bankman-Fried himself will remain on bail until his October trial.

The post SBF family, associates refuse to cooperate in FTX bankruptcy case as arrest details emerge appeared first on CryptoSlate.

- Dorian Batycka
Riding an electric wave Litecoin’s hashrate hits all-time high

Litecoin (LTC )has been one of the best-performing big-cap tokens over the last several months, and its hashrate just hit a new all-time high, signaling some potential bullish activity on the network. 

After falling to a low of $40.60 back in July 2022, LTC has risen by more than 125% from its 2022 low, outperforming ETH and BTC over the same period. 

Litecoin all-time hashrate hits a new high on Jan. 26 to 742.30 TH/sLitecoin’s all-time hash rate hit a new high on Jan. 26 at 742.30 TH/s The importance of hashrate for Litecoin

The calculated numerical value of the hashrate is generated by active Litecoin miners during a process known as proof-of-work, generated by miners who use their collective computing power to solve increasingly complex blockchain algorithms on the network. Essentially, the more digital picks and axes digging around, the higher the hashrate and the more participants actually using the network. 

Some analysts say that increases in hashrates are indicative of a stronger, more secure network. 

A higher hashrate means that more miners are participating in the network, thus making it difficult for bad actors to launch what is known as a 51% attack, as they would need to yield control of a greater proportion of the network’s hashrate in order to make such an attack viable.

However, sudden surges in hashrates can have some potentially negative impacts on a cryptocurrency as well, given that with all the increased computational power now needed to mine a coin, this, in turn, requires more energy, which can lead to a higher carbon footprint and negative impact on the environment, research has shown. 

Another potential drawback of a sudden surge in hashrates is that it may be more difficult for small and individual miners to compete. This can lead to a more centralized mining ecosystem, analysts say, where only large mining pools or corporations with significant computational power and capital are able to mine and earn rewards.

The post Riding an electric wave Litecoin’s hashrate hits all-time high appeared first on CryptoSlate.

- James Van Straten
As Bitcoin and Ethereum continue rally, capitulation severity has lessened

Net Unrealized Profit/Loss is the difference between Relative Unrealized Profit and Relative Unrealized Loss. This metric can also be calculated by subtracting realized cap from the market cap and dividing the result by the market cap.

Quick Take Bear market bottoms occur when capitulation occurs, even when the strongest hands sell due to fear in the market. In 2022, multiple events, such as the Ukraine invasion, Luna, and FTX collapse, saw multiple capitulations. However, when BTC broke $20,000, the sentiment turned away from capitulation. As you can see, each bear market bottom has made a higher low, which shows the capitulation amongst holders becomes less severe and can also be related to ATH drawdowns as they get less severe. Bitcoin NUPL: (Source: Glassnode)Bitcoin NUPL: (Source: Glassnode) Ethereum: (Source: NUPL)Ethereum: (Source: NUPL)

The post As Bitcoin and Ethereum continue rally, capitulation severity has lessened appeared first on CryptoSlate.

- Dimitar Dzhondzhorov
FLOKI Soars 15% After DAO Proposal to Burn $55M in Floki Inu Tokens

Floki Inu developers contemplate burning nearly 5 trillion FLOKI tokens (worth almost $55 million) to reduce the tax applied on each transaction.

FLOKI’s price reacted positively, surging 15% in a few hours.

The team behind the popular memecoin Floki Inu might burn its bridge tokens (4.97 trillion assets) and thus shrink the tax levied on each transaction to 0.3%. The maximum circulating supply of FLOKI will remain at 10 trillion assets even if the effort gets completed.

“We understand that the decision to burn the bridge tokens is a very significant (and permanent!) decision and the ETH chain has a higher percentage of circulating supply, so we would be happy to help large holders who want to bridge over to BSC do so manually before the burn,” the developers stated.

The proposal further displayed protection risks related to cross-chain bridges. Burning some of the tokens could reduce the chance of a potential “catastrophic impact,” the team added:

“In Floki’s case, an exploit on our main cross-chain bridge would have a catastrophic impact on the project since this bridge currently holds 55.7% of what FLOKI’s total circulating supply should be. This is a lot of tokens, and that’s more than enough to drain the project’s liquidity pools and essentially destroy the project if exploited.

The overwhelming majority of the voters have declared their support of the initiative. The native token of the project – FLOKI – spiked by almost 15% shortly after the plan was aired. Currently, it trades at a 5-month high of $0.00001258 (according to CoinGecko’s data).

The post FLOKI Soars 15% After DAO Proposal to Burn $55M in Floki Inu Tokens appeared first on CryptoPotato.

- Jordan Lyanchev
MATIC Adds 8% Daily, Bitcoin at a Decision Point (Market Watch)

Bitcoin experienced some volatility yesterday following the US GDP announcement but remains at a key point of around $23,000 now.

Most altcoins are calmer today, with ETH, SOL, and XRP retracing slightly. MATIC and LEO, though, are well in the green.

Bitcoin at Key Point

Bitcoin’s price increase since the start of the year has changed the overall sentiment in the industry, which is shown by the Fear and Greed Index. The metric went into ‘greed’ territory today for the first time in almost a year.

This came as the cryptocurrency increased its USD value by roughly 40% in four weeks. The culmination of the early 2023 run came earlier this week when BTC spiked to $23,800. This became its highest price tag since September last year.

However, bitcoin failed to continue upwards and retraced back down to $23,000. All eyes were on the US as the latest GDP data was about to come out. The world’s largest economy beat the expectations clocking a 2.9% rise for the last quarter of 2022.

At first, BTC remained calm but slipped by $500 hours later. Nevertheless, it bounced off to $23,000 as of now, which is a highly important level for its short-term price performance.

BTCUSD. Source: TradingViewBTCUSD. Source: TradingView MATIC, LEO on a Roll

The altcoins have risen impressively as well since the start of the year. However, most have calmed on a daily scale now, with even some retracements such as ETH, SOL, and XRP. All of these are down by up to 2%.

Binance Coin remains above $300 after a minor daily increase. Cardano, Polkadot, and Tron are also slightly in the green.

Nevertheless, Polygon’s native cryptocurrency has jumped the most from the larger-cap alts. MATIC has added over 8% in a day and trades above $1. LEO is another notable gainer, surging by 8% to $3.8. Chainlink and ApeCoin follow suit, both of which are up by 5%.

The crypto market cap is quite calm today, standing close to $1.050 trillion.

Cryptocurrency Market Overview. Source: Quantify CryptoCryptocurrency Market Overview. Source: Quantify Crypto

The post MATIC Adds 8% Daily, Bitcoin at a Decision Point (Market Watch) appeared first on CryptoPotato.

- Dimitar Dzhondzhorov
BTC Fear and Greed Index Flashes “Greed” for the First Time in 10 Months

The metric showing the community’s general sentiment toward bitcoin – the Fear and Greed Index – entered into the “greed” zone for the first time since March 30, 2022.

This could be a result of the price increase of the primary cryptocurrency during the first month of the year and the overall revival of the entire market.

Back to ‘Greed’

Contrary to the economic crisis that has spread across the globe, bitcoin has started off the year on the right foot. It currently trades at around $23,000 (according to CoinGecko), which is a 40% increase compared to the last day of 2022. 

The BTC Fear and Greed Index, which works as an indicator of momentary investor sentiments towards the digital asset, was stuck in the “Fear” or “Extreme Fear” territory for several months because of the prolonged bear market and the numerous bankruptcies and scandals in the industry.

However, the asset’s spike seems to have changed the trend, and today (January 27), the metric pointed at 55 – “Greed.” The last time the Index reached that level was approximately ten months ago.

Bitcoin Fear and Greed Index. Source: Alternative.meBitcoin Fear and Greed Index. Source:

It is worth noting that the increased confidence among crypto investors should not be directly considered a catalyst for a renewed bull run. In fact, the metric being in a state of “Fear” or “Extreme Fear” could indicate a good buying opportunity, while too greedy investors could mean that the market is due for a correction.

Could BTC Sustain the Rally?

The asset’s impressive performance during the first several weeks of 2023 prompted some to believe that a new bull market could be approaching. Coping with the inflationary crisis could potentially aid a further rally of bitcoin throughout the next months.

Almost every announcement of the US CPI numbers has brought enhanced volatility for BTC, and usually, inflation spikes have pushed its valuation south. Data showed that the US efforts to solve the problems started giving results. The inflation rate in the world’s biggest economy was 9.1% in June (the highest in 40 years), while December’s figures clocked in at 6.5%. 

Another factor that could affect BTC’s price performance is the Federal Open Market Committee (FOMC) meetings, where the central bank has announced seven consecutive interest rate hikes in an attempt to bring the galloping inflation down.

The current benchmark stands at 4.5% (the highest in 15 years), while more increases are expected in the following months. Here is a list of the CPI calendar and all the FOMC meetings until the end of 2023.

Anthony Scaramucci – the Founder of SkyBridge Capital – recently opined that the Fed will stop raising interest rates when inflation cools off at around 4-5%, which will supposedly stimulate a bull run for digital currencies.

The post BTC Fear and Greed Index Flashes “Greed” for the First Time in 10 Months appeared first on CryptoPotato.

- Martin Young
FTX Chasing Bankman-Fried Family for Answers Over Wealth: Report

FTX asked a judge if they could question the family under oath about their wealth and personal fortunes, according to a court filing.

Sam Bankman-Fried’s closest relations and a handful of company executives are still in the spotlight as the firm continues to hunt for hidden assets to repay creditors, reported Bloomberg on Jan. 26.

FTX advisers and lawmakers have taken an aggressive approach to recover as much as they can from the missing billions owed to creditors and customers.

SBF’s parents, Joseph Bankman and Barbara Fried, are high on the list of those the embattled firm wishes to question.

FTX Parents Sought

A law professor at Stanford Law School, Joseph Bankman, provided tax advice to FTX employees and helped recruit the firm’s first lawyers, according to the filing.

Furthermore, his mother, Barbara Fried, was also involved in the multi-billion dollar company, but details were not specified.

Gabriel Bankman-Fried, the brother, founded an organization to lobby members of the U.S. Congress from a multimillion-dollar property near the U.S. Capitol, the filing stated.

SBF and FTX spent millions on political donations, the majority of which went to the Democrats. According to Open Secrets, SBF was the seventh-largest political donor for the 2022 cycle. He spent a total of $40 million on campaign contributions to federal candidates, parties, and political action committees.

The bankruptcy judge presiding over the case, John Dorsey, must approve the request before FTX lawyers can subpoena Bankman-Fried’s family. If successful, they would be required to submit to questioning and provide documents to the court.

On Jan. 26, a document revealed the wide-reaching extent of those who got burned by the FTX collapse. The creditors’ list includes tech and commerce giants Apple, Amazon, Google, Meta, Microsoft, and Samsung.

FTX lawyers exposed a 115-page document with a whopping 9,693,985 creditors affected.

FTT Token Latest

Despite the ongoing turmoil at the bankrupt exchange, degen traders continue to buy and sell its native token, FTT. Remarkably, it has doubled in price over the past month, according to CoinGecko.

The movement does appear to be a pump and dump, however, as FTT has tanked 20% over the past week when markets have been climbing.

FTT was trading at $1.84 at the time of writing, down 97.8% from its September 2021 all-time high of $84.

The post FTX Chasing Bankman-Fried Family for Answers Over Wealth: Report appeared first on CryptoPotato.

- Felix Mollen
Amazon’s New Venture: A Digital Assets Company for NFTs and Crypto Games, Sources Say

Amazon is reportedly working on a digital assets company that will power an NFT marketplace this spring.

According to sources interviewed by the media outlet Blockworks, the retail giant has been buying digital collectibles companies from various players in the crypto ecosystem to power its new venture.

So far, Amazon has invested in layer-1 blockchains and crypto gaming companies and has hired developers from NFT companies and cryptocurrency exchanges for its own blockchain unit.

Amazon Bets On Crypto Gaming Industry

According to one source, Amazon is preparing to launch a series of crypto games that would allow its customers to claim free NFTs. This move would be significant for the crypto gaming industry, which has seen a decline in players due to the multiple project scams that hit the market in late 2021. However, Amazon doesn’t seem concerned about that data, as the company witnessed the best of times for crypto gaming when many of those projects were forced to expand the storage services offered by Amazon Web Services due to the enormous player demand.

The entry of a giant like Amazon is significant for the crypto ecosystem, as it will surely attract many players just waiting for the right moment to return to the crypto gaming industry. Sources seemed to be quite positive about the positive outcome of Amazon’s entry into the Web3 space:

“We knew it was possible, […] But now it seems like it’s really happening. That’s going to affect the existing players in the space — if they execute and do this right and are smart about it.”

Amazon Could Become The Biggest Thing In The NFT Industry

Several sources said that Amazon will be running the new NFT platform, rather than by subsidiaries, to have complete control of a platform that could become the largest in the NFT industry. It is currently unknown whether Amazon’s new platform will seek to compete directly against the big NFT marketplaces like OpenSea, Rarible, or the latest Samsung NFT Platform or whether it will be more focused on crypto gaming—especially considering that Amazon owns Twitch.

With the vast number of Amazon users, its entry into the crypto ecosystem will not go unnoticed. It will attract many investors who know the potential of an industry that is growing and has a lot of room for improvement and growth inside the broader gaming industry —the largest business in the entertainment sector.

As reported by Cryptopotato, In April 2022, Amazon CEO Andy Jassy said the company was open to selling non-fungible tokens (NFTs) “in the distant future,” but that they were not planning to accept cryptocurrency payments. However, on January 11th, Ava Labs announced a partnership with Amazon to increase the adoption of blockchain technology in businesses, institutions, and at the government level by managing Avalanche’s decentralized infrastructure and applications through Amazon Web Services (AWS).

We’re joining forces with @Amazon to help enterprises and governments build compliant blockchain solutions. #AWS makes it easier to launch and manage #Avalanche nodes, giving the network more strength and flexibility for developers.

— Ava Labs 🔺 (@avalabsofficial) January 11, 2023

Although the company still refuses to accept payments in cryptocurrencies, for now, it is gradually opening its doors to the crypto ecosystem. So who knows, we might see Amazon as a crypto-friendly company in a couple of years.


The post Amazon’s New Venture: A Digital Assets Company for NFTs and Crypto Games, Sources Say appeared first on CryptoPotato.

- Chayanika Deka
Deribit Eyes Dubai Amidst Global Expansion Plans: Report

Crypto exchange Deribit is planning to move its main headquarters to Dubai as soon as the third quarter of this year. The Bloomberg report suggests that the new office will be staffed by a team of 10 people comprising both domestic hires alongside the exchange’s core employees.

Roles in management, compliance, and support will be housed in the Dubai office.

According to Deribit Chief Legal, Compliance, and Regulatory Officer David Dohmen, some employees will continue to be based in Panama. Dohmen was quoted saying that the regulatory regime in Dubai is more tailored to crypto than other jurisdictions.

“We’ve had a number of clients who basically intimated to us that they would like to trade on a crypto exchange that’s actually regulated. In Panama, we are not regulated. Also, we also saw where the regulatory winds were blowing, and there was a drive toward regulation across the globe.”

The exec also said Deribit seeks to submit an application and supporting documents for a Full Market Product license to Dubai’s Virtual Assets Regulatory Authority once it receives regulatory clarity from the agency. Deribit has operations in Amsterdam as well, while its Netherlands-based parent company and related subsidiaries currently have 95 employees across the world. The news comes after the United Arab Emirates (UAE) introduced a new regulation that governs digital assets, a move that established the country’s initial regulatory regime for the cryptocurrency space at the federal level. Dubai also established its own crypto regulator – the Virtual Asset Regulatory Authority (VARA) – which the industry insiders believe would act as a major catalyst for both global and regional Web3 companies to enter or expand their operations in the next few months. The city has become home to multiple crypto exchanges, including Binance,, OKX, and others.

The post Deribit Eyes Dubai Amidst Global Expansion Plans: Report appeared first on CryptoPotato.

- Chayanika Deka
Roger Ver Breaks Silence on Genesis Lawsuit, Claims He Has Sufficient Funds to Pay

Early Bitcoin adopter and executive chair of, Roger Ver, said he has “sufficient funds” to pay Genesis Global after being hit by a lawsuit by the now-bankrupt crypto broker’s unit – GGC International.

The Bitcoin Cash proponent noted that he is happy to pay the amount he owes but pointed out that the agreement requires Genesis to remain solvent. In a new Reddit post, Ver claimed that Genesis failed to provide him assurances about its finances.

The Digital Currency Group broker and lending desk slid into bankruptcy after weeks of fresh fundraising attempts. The court documents reveal that it has over $150 million to fund its restructuring efforts.

Ver allegedly owes around $21 million to Genesis.

Genesis Vs. Roger Ver

Ver, who was once known as “Bitcoin Jesus,” claimed that the financial information provided by Genesis has been called into question by recent events. He even said that the crypto broker refused to clarify the information it had provided him and instead chose to file suit.

The Bitcoin evangelist accused Genesis of causing “discrepancies between the valuation of customer collateral and their own digital assets.”

“Genesis can’t ask its clients to play a “heads clients lose, tails Genesis wins” game. It appears that at points since at least last June Genesis dipped under the solvency line.”

GCC filed the suit against Ver in the New York State Supreme Court earlier this week, accusing the blockchain-industry veteran of failing to settle crypto options transactions that expired back on December 30. A total of 20 days was given to Ver to answer the summons, a failure of which will require him to pay the total amount by default.

Spat With CoinFLEX

This isn’t the first time Ver has been embroiled in a controversy surrounding the failure of payment. He made headlines last summer for allegations of defaulting on a debt. The company’s CEO, Mark Lamb, claimed that Ver owes the firm $47 million in USDC stablecoin and was bound by a written contract and added that he had been issued a default notice for the same.

Ver, on the other hand, vehemently refuted the allegations and instead claimed that the company owed him money.

The post Roger Ver Breaks Silence on Genesis Lawsuit, Claims He Has Sufficient Funds to Pay appeared first on CryptoPotato.

- Andrew Throuvalas
New York Bitcoin Mining Facility Slapped With $10,000 Per Day Fine

US Bitcoin Corp – a North American Bitcoin mining firm – has been ordered to cease operations by a State Supreme Court Justice, or face penalties of $10,000 per day. 

If the miner continues to operate through the end of January, the fine will increase to $25,000 per day. 

US Bitcoin Under Fire

As reported by Lockport Journal on Thursday, the order from Justice Edward Pace is a follow-up to Supreme Court Justice Frank Sedita III’s temporary restraining order issued against the firm on December 1. 

The latter justice sought to stop the firm from operating as the Falls sought a preliminary injunction to force the company’s facility to comply with zoning laws governing energy-intensive industries. The city charged the mining facility, based on Buffalo avenue, with violating these laws, and creating “a public nuisance.”

According to Pace, the $10,000 fine will be in place until January 31. Speaking to John P. Bartolomei, an attorney for US Bitcoin, she added that the fine will increase to $25,000 per day after that deadline until the case is fully settled. Bartolomei protested this ruling and said he would appeal the decision to the State Supreme Court Appellate Division Fourth Department.

“If by January 31, (the cryptocurrency mining operation) has not shut down, then a check should be delivered to the city of Niagara Falls on February 1 for $540,000,” Pace said. The $540,000 in payments accounts for a $10,000 penalty every day from December 9 until January 31.

New York’s Mining Crackdown

Despite its historical popularity as a geography for Bitcoin mining, regulation against the industry in New York state hasn’t been the most welcoming. 

In November, state governor Kathy Hochul signed a moratorium ending the use of fossil fuels to mine Bitcoin in the region. The measure was taken primarily to meet the state’s economic development and climate goals. Per the company’s website, US Bitcoin’s Niagra Falls facility is 90% powered by zero-emissions electricity – but even hasn’t satisfied the lawyers at the Falls. 

New York City mayor Eric Adams, a crypto bull, has previously said he is opposed to Bitcoin mining. However, he later promised to urge governor Hochul to veto the bill banning fossil-fuel-based mining activity, out of concern for the industry’s future growth. 

The post New York Bitcoin Mining Facility Slapped With $10,000 Per Day Fine appeared first on CryptoPotato.

- Chayanika Deka
Mango Markets Sues Exploiter Avraham Eisenberg for $47M in Damages

Mango Markets’ exploiter Avraham Eisenberg was hit with a lawsuit by Mango Labs, the company behind the DeFi protocol, for $47 million in damages.

The Wednesday filing with the United States District Court for the Southern District of New York alleges that Eisenberg executed a malicious attack on Mango Markets by manipulating the native token, MNGO, through “fraud, deception,” and converted nearly $114 million from the depositors of the protocol into his own accounts.

Eisenberg in Trouble

A Mango Markets’ related decentralized autonomous organization (DAO) and Eisenberg entered into an agreement that enabled the exploiter to keep $47 million from the exploit while protecting him against any potential criminal investigation. While he returned $67 million and retained the rest, Mango Labs now wants the remaining funds in damages in addition to interest starting from the time of the exploit in October last year.

The filing read,

“He forced Mango DAO to enter into an unenforceable settlement agreement—under duress—purporting to release depositors’ claims against him and precluding them from pursuing a criminal investigation. Following the Mango DAO vote regarding Defendant’s ultimatum, he returned approximately $67 million of the money he unlawfully recovered.”

The protocol’s developer also called Eisenberg to be a “notorious cryptocurrency market manipulator” and accused him of having a history of attacking multiple platforms as well as manipulating digital asset markets.

Mango Labs also highlighted that the exploiter was involved in allegedly abusing a DeFi project called Fortress DAO’s treasury redemption mechanism as well as embezzling $14 million from it where he was serving as its developer.

Pressure From SEC and CFTC

Eisenberg, who happens to be a software coder and crypto trader, outed himself after carrying out a self-funded economic attack by manipulating the oracle price of MNGO. The attack drained around $117 million from Mango Markets’ treasury. He described the incident previously as “legal open market actions,” but the regulatory agencies are not on board with the stunt.

In December 2022, the US Department of Justice (DOJ) arrested Eisenberg in Puerto Rico for fraud and manipulation. He was denied bail as the judge deemed him to be “a flight risk.” The Commodities Future Trading Commission (CFTC) also charged him with violating the country’s commodities federal commodities laws. Similar charges were slapped by the Federal Bureau of Investigation (FBI).

More recently, the Securities and Exchange Commission (SEC) sued Eisenberg for allegedly violating anti-fraud and market manipulation provisions of the securities laws

The post Mango Markets Sues Exploiter Avraham Eisenberg for $47M in Damages appeared first on CryptoPotato.

- Jordan Lyanchev
Infamous ‘Blockchain Bandit’ Begins Moving His Stash 6 Years Later

As we’ve seen over the years, blockchains aren’t quite as secure as some pretend they are.

Rather, although the technology is one of the most secure ways of storing data available to the public, poor coding, social engineering, and the like can still allow bad actors to take advantage of unwary victims.

Guessing Games

In the case of the “Blockchain Bandit,” however, the tech worked as intended. The unknown attacker managed to steal crypto assets from up to 732 wallets by a process known as ethercombing – essentially educated guesswork.

A private key to an Ethereum wallet is a 78-digit string of random numbers. Theoretically, this should be impossible to guess without quantum computing or other resources that, as far as we know, do not exist yet.

However, the sheer number of strings will eventually allow for a private key to be guessed by having a low value. Statistically, this would be due to an error or an inexperienced user choosing the key himself.

“If a private key is chosen at random, then the chances of someone else generating that same key are approximately 1 in 2256, which is, for all practical purposes, a 0% chance. Since a private key of 0x01 has approximately zero percent chance of occurring randomly, we must assume this value was either chosen on purpose or due to an error. “

A detailed rundown of the math involved can be found in this academic article. To sum it up, the chance of guessing a private key has roughly the same probability as identifying one particular atom in our universe.
That didn’t stop the Blockchain Bandit.

Methodical Work

Over the past few years, the unidentified bad actor scoured the blockchain looking for wallets with private keys whose values added up to numbers 1 through 732. By doing this for a couple of years, they had amassed a fortune. Their wallet is currently being emptied of 51k Ether and 470 Bitcoin, now worth around $90 million – a sum smaller than many of the hacks we’ve seen over the course of 2022 but no less impressive.

The news was broken by Chinalysis, who suspect the recent bullish movements of the crypto market gave the attacker the impulse to cash out.

1/ 🚨$90M stolen funds on the move: After 6 years of hodling, the “Blockchain Bandit” has awoken. In this 🧵 we cover how the Blockchain Bandit amassed this treasure trove and where the funds are currently held.

— Chainalysis (@chainalysis) January 25, 2023

Given the tremendous amount of time needed to pull off such an operation, it is possible that the attacker was indeed a state actor – although an organized crime ring or a regular individual could also be the culprits.

The post Infamous ‘Blockchain Bandit’ Begins Moving His Stash 6 Years Later appeared first on CryptoPotato.

- Cake DeFi
A Look at Polygon (MATIC): Why Layer 2 Blockchains are the Future
A Look at Polygon (MATIC): Why Layer 2 Blockchains are the Future

A layer 2 blockchain is a blockchain built on top of an existing blockchain (referred to as the layer 1 blockchain such as bitcoin, Ethereum or DeFiChain). It is designed to improve scalability and speed by offloading some of the processing from the layer 1 blockchain to the layer 2 blockchain.

One example of a layer 2 blockchain is Polygon, which is built on top of the Ethereum blockchain. Polygon allows for faster and cheaper transactions, which makes it attractive for use cases such as decentralized finance (DeFi) and gaming.

Like the internet and credit cards in the past, layer 2 blockchains have faced initial resistance due to a lack of understanding or skepticism about their usefulness. However, as more people learn about the benefits of layer 2 blockchains and start using them, it's likely that they will become an even more integral part of the blockchain ecosystem.

What are the benefits of layer 2 blockchains?

One of the main benefits of layer 2 blockchains is the improved scalability. The more people use a blockchain, the more congested it becomes, leading to slower transaction speeds and higher fees. This can be a major barrier to adoption, as it limits the types of applications and use cases that can be built on the blockchain.

Layer 2 blockchains address this issue by offloading some of the processing from the layer 1 blockchain to the layer 2 blockchain, thereby increasing the number of transactions that can be processed in a given time frame. A layer 2 is a separate blockchain that extends the mainnet while inheriting the security guarantees of its mother chain. This makes it possible to build more complex and widely-used applications on the blockchain, which in turn drives adoption and brings us closer to the vision of a decentralized web3.

A Look at Polygon (MATIC): Why Layer 2 Blockchains are the Future

In addition to improved scalability, layer 2 blockchains also offer lower fees. Because they are able to process more transactions at a lower cost, users can save money on transaction fees when using a layer 2 blockchain. This is especially important for applications that require numerous microtransactions, such as DeFi projects or online marketplaces.

Despite the benefits of layer 2 blockchains, some people are concerned about the security of these systems. It's important to note that layer 2 blockchains are built on top of layer 1 blockchains, which means that they inherit the security of the underlying blockchain. Furthermore, layer 2 blockchains often use additional security measures to protect against attacks and ensure the integrity of the system.

A Look at Polygon (MATIC): Why Layer 2 Blockchains are the Future

One of the most exciting aspects of layer 2 blockchains is the potential to expand the use cases for blockchain technology. By increasing scalability and reducing fees, layer 2 blockchains make it possible to build a wider range of applications on the blockchain, such as prediction markets, decentralized exchanges, and even video games. This opens up a whole new world of possibilities for decentralized applications and could lead to the creation of entirely new industries.

What is Polygon?

Polygon, also known as MATIC, is a layer 2 blockchain for Ethereum that aims to improve the scalability of the Ethereum mainnet by using different scaling technologies. It functions as an "internet of blockchains" that connects Ethereum-compatible blockchains and uses a modular "security-as-a-service" approach that can leverage Ethereum's existing security or use its own pool of professional validators. This allows for more transactions to be processed on the network, ultimately leading to faster, cheaper, and more efficient transactions.

One of the ways Polygon is working to improve scalability on Ethereum is through its different scaling solutions. These include:

A Look at Polygon (MATIC): Why Layer 2 Blockchains are the FuturePolygon PoS: Its Commit Chain, a Proof-of-Stake EVM-compatible sidechain is already live. This solution allows for faster and more efficient transactions by using a Proof-of-Stake mechanism to validate them, instead of the more energy-intensive Proof-of-Work mechanism used by Ethereum.Polygon Miden: A zero-knowledge rollup based on STARK. This allows for increased privacy on the network by using zk-SNARKs to validate transactions without revealing their details.Polygon Hermez: An open-source zk-rollup. This is similar to Polygon Miden, but is designed to be more accessible and user-friendly.Polygon Avail: A standalone chain focused on data availability. This solution allows for more storage on the Ethereum network, allowing more data to be stored on-chain.Polygon Zero: Another zk-rollup chain that aims to improve privacy on the network.Polygon Nightfall: A privacy-focused rollup chain that uses zero-knowledge proofs to keep transactions private.

All of these solutions aim to provide various ways to scale Ethereum and improve the performance and capabilities of the network. They also bring about a lot of benefits for users such as lower transaction cost, faster and more efficient transactions and more privacy for the users. With Polygon, Ethereum can become a more versatile, accessible and efficient blockchain, which can attract a lot more users and use cases that were earlier not possible on the network.

What is Polygon trying to build and what problem(s) are they solving?

To address the scalability issue, Polygon also introduced a new solution called zero knowledge Ethereum Virtual Machines (zkEVM), which is designed to significantly reduce layer 1 Ethereum network costs by roughly 90% while vastly increasing throughput capacity and inheriting the Ethereum blockchain's security.

One of the key benefits of zkEVM is that it works seamlessly with all existing smart contracts, developer tools, and wallets, thanks to the use of advanced cryptography called zero-knowledge proofs. This makes it perfectly suited for developing enterprise applications, innovative gaming technologies, and non-fungible tokens (NFTs).

In addition to its scalability benefits, zkEVM is also expected to launch on Ethereum sometime in early 2023 and has recently been open sourced to the public for review. It's worth noting that while the code is publicly available to view, it cannot be used, modified, or shared as it was not published under an open-source code license.

A Look at Polygon (MATIC): Why Layer 2 Blockchains are the Future

There are several projects and solutions that are contenders for building an EVM-equivalent zkEVM, each with its own core technology, benefits, and limitations. Polygon's zkEVM is an exciting development in the world of blockchain technology and has the potential to significantly improve scalability and reduce costs for Ethereum users. As more people learn about the capabilities of zkEVM, it's likely that we will see it become an increasingly important part of the blockchain landscape.

What is a zkEVM, and how does it work?

The Ethereum Virtual Machine (EVM) is the execution environment for running smart contracts on the Ethereum blockchain, but it's not natively equipped to handle zero-knowledge proofs, which are a key aspect of privacy-preserving technologies. zkEVM addresses this problem by providing a zero-knowledge-compatible and verifiable virtual machine that guarantees the correctness of programs, operations, and inputs and outputs.

One of the main advantages of zkEVM over the traditional EVM is that it allows dApps to scale while maintaining privacy and security. Zero-knowledge proofs provide a way to prove that a statement is true without revealing any additional information, which allows for private and secure transactions. The use of zk-proofs in zkEVM also enables a more efficient use of resources, making it possible to process more transactions per second.

zkEVM is not only a refactoring of the EVM, but also a refactoring of the entire state transition of the Ethereum network using zero-knowledge proof techniques. This can be a challenging task, as the original design of the EVM did not anticipate the need for zkEVM, but Polygon's team have managed to overcome this challenge by developing a solution that is backwards-compatible and optimized for privacy-preserving technologies.

In conclusion, Polygon's zkEVM is a powerful solution for scaling and privacy for dApps on Ethereum. The use of zero-knowledge proofs in the EVM allows for a more efficient use of resources and enables private and secure transactions. This holy grail of scaling on Ethereum is being able to do more transactions, at lower cost and with more privacy, making it possible to process more transactions per second without sacrificing security. The future is promising for zkEVM and the Ethereum ecosystem as a whole.

For individuals who hold MATIC, Cake DeFi presents a viable option for earning Staking rewards while benefiting from the platform's transparency and trustworthiness. For those looking to capitalize on the growth potential of Polygon, Cake DeFi's MATIC staking product is a compelling option to consider.

A Look at Polygon (MATIC): Why Layer 2 Blockchains are the Future
- Cake DeFi
Introducing On-chain Governance: The Implications for Cake DeFi Users
Introducing On-chain Governance: The Implications for Cake DeFi Users

Get ready to have a say in the future of DeFiChain with the introduction of on-chain governance on Cake DeFi. Starting now, all customers with DFI staked in the Freezer will be eligible to vote on DeFiChain Improvement Proposals (DFIPs), not just those with 20k DFI or more. Learn how the new voting process works, the impact on your voting power, and the rewards you can earn for participating in this game-changing move towards decentralized decision-making.

How does the voting process work, and who is eligible?

The voting process for on-chain governance on DeFiChain has been designed to be as simple and straightforward as possible for all eligible customers. There are two rounds of voting, each with their own unique features and requirements.

Introducing On-chain Governance: The Implications for Cake DeFi UsersSpecial voting round

The first voting round is a special DFIP voting round, which starts on 26 January at 14:00 SGT and ends on 30 January at 18:00 SGT. The proposal to vote for is about reintroducing a part of the burnt DUSD as negative interest rate to increase the utility of DFI. More information about the proposal can be found on the DeFiChain Subreddit. This vote will be held outside of the normal voting cycle and users will have to cast their vote via an online form; the link to this form can be found on the Freezer page. All customers that have DFI staked in the Freezer are eligible to vote in this round. The voting closes 48 hours after the start of the voting round.

Taking part in the voting process takes just a minute. Simply visit the Freezer page and click the link to the Google form. In this form, all you have to provide is your email address, staked DFI, and voting preference.

0:00/1×Normal voting round

The second voting round is the normal voting round, which starts on 9 February and ends on 23 February. Unlike with the special voting round, users can directly cast their vote in the app. This will also be the standard for future voting rounds. To be eligible to vote in this round, customers must have allocated their DFI into the Staking Freezer for at least 60 days at the point of the start of the voting round. The voting closes 7 days before the end of a voting round.

Introducing On-chain Governance: The Implications for Cake DeFi UsersHow can you earn rewards for casting your vote?

Participating in the on-chain governance voting process on DeFiChain not only allows customers to have a say in the future direction of the blockchain, but also provides an opportunity to earn rewards. These rewards come in the form of DFI, the native token of DeFiChain, and are paid out to voters from fees that are contributed by proposers.

Voters will be rewarded with DFI from fees that proposers submit when submitting a proposal. 50% of those fees go to voters. The fees are as follows:

For special DFIPs: 5,000 DFIFor DFIP: 50 DFI per proposalFor CFP: either 1% of requested amount or 10 DFI (whichever is larger)

The eligibility criteria for rewards in the special DFIP voting round is simple: anyone who voted is eligible. However, for the normal voting round, customers must vote on all proposals in each round (voting form or whatever format will be sent to eligible voters) to be eligible for rewards.

It's important to keep in mind that these rewards are set by DeFiChain and are earned by voters who fulfill the eligibility criteria outlined in the previous chapter. Additionally, customers are encouraged to check the DeFiChain website and social media channels for the most up-to-date information.

- Cake DeFi
Earn Up To 5% APY On Cake DeFi's Newly Introduced Polygon (MATIC)
Earn Up To 5% APY On Cake DeFi's Newly Introduced Polygon (MATIC)

Want to start 2023 with a bang? Allocate your Polygon (MATIC) on our newly introduced MATIC Staking service and start earning staking rewards on your favorite crypto for up to 5% APY.

That’s right! MATIC Staking is the latest addition to our continuously growing list of amazing DeFi services that allows you take control of your financial destiny.

What’s so amazing about MATIC Staking?

Similar to our other staking services, MATIC staking is easy-to-use and allows you to earn competitive staking rewards at competitive rates (up to 5% APY).

What makes MATIC Staking so easy-to-use?

It’s no secret: staking your crypto directly into DeFiChain requires a certain level of expertise and knowledge, and may also require you to own and be able to run nodes. With MATIC Staking, you don't have to worry about any of those. All you need to do is to deposit ERC-20 MATIC tokens on the Ethereum network (not Polygon) and you're all set - it's really that simple!

What’s more, you can stake just a small amount of crypto using MATIC Staking - which is something that you, normally, won’t be able to do if you stake directly into DeFiChain.

What are the other advantages of using MATIC Staking?

APY - is net of all fees and it auto-compounds so users get the best APY. There is no need to re-stake manually.Stake and Unstake Anytime - there’s no lock-up period. You may easily stake and unstake crypto at your convenience.Receive Rewards 2x a Day - staking rewards are paid out every 12 hours.Gain Full Transparency On Your Rewards - rewards can be tracked on-chain via a staking address. To get the link to the MATIC Staking address, you may visit our transparency page.Benefit from Other Transparency & Security Protocols - as a Singapore-based fintech company, we continuously find innovative ways to provide security and transparency to our users. For more information, you may click here to read about Proof-Of-Reserves and Liabilities or here to read about relevant platform features and protocols.   Earn Up To 5% APY On Cake DeFi's Newly Introduced Polygon (MATIC)

How do I start using MATIC Staking?

1. If you haven’t registered yet, click here to create a Cake DeFi account.

2. Upon successful completion of the KYC process, click here to go to our Staking page and choose MATIC. Similarly, if you’re using the Cake DeFi mobile app, simply go to the “Bake” section, choose Staking and then select MATIC.

Earn Up To 5% APY On Cake DeFi's Newly Introduced Polygon (MATIC)

3. After clicking “STAKE”, enter your desired amount. If you wish to deposit more MATIC into your account, simply click “DEPOSIT MORE”.  

You must acknowledge the disclaimer to proceed.

Earn Up To 5% APY On Cake DeFi's Newly Introduced Polygon (MATIC)

4. When depositing funds, you must ensure that you’re depositing into the Ethereum network and that you’re sending MATIC. Sending to the wrong address or other types of cryptocurrency may result in irreversible loss of funds.  

Earn Up To 5% APY On Cake DeFi's Newly Introduced Polygon (MATIC)

Earn Up To 5% APY On Cake DeFi's Newly Introduced Polygon (MATIC)

5. To auto-stake your rewards, enable Auto-compound.

Earn Up To 5% APY On Cake DeFi's Newly Introduced Polygon (MATIC)

And that’s it. Very simple, right? If you want to use our MATIC service but haven’t registered yet, click here to create a Cake DeFi account.

Earn Up To 5% APY On Cake DeFi's Newly Introduced Polygon (MATIC)

Also, to further generate wealth on your crypto, we invite you to participate in our F.I.R.E. (Financial Independence and Retire Early) campaign. By simply allocating assets into our Staking or Liquidity Mining services, new users can receive up to US$1,000 worth of rewards in DFI.

So, what are you waitng for? Sign up, stake your MATIC and participate in our F.I.R.E. campaign to gain full control of your financial destiny!

- Cake DeFi
Gain Financial Independence and Retire Early (F.I.R.E.)  with Cake DeFi
Gain Financial Independence and Retire Early (F.I.R.E.)  with Cake DeFi

Are you looking for a viable way to gain financial independence and save up for an early retirement? Look no further. With our newly launched F.I.R.E. (Financial Independence and Retire Early) promo, you can get started as early as today.

1. How does the promo work?

By simply signing up and creating a Cake DeFi account, new users can start allocating their preferred crypto assets into our Staking or Liquidity Mining services, and Freeze them for at least 6 months to receive up to US$1,000 worth of bonus in DFI.

2. When does the promo start?

The promo period is from 16 January 2023 to 06 Feb 2023.

3. How much should I allocate and how much are the bonuses?

There are four brackets that you can choose from. Each bracket are assigned with their respective F.I.R.E bonuses, as shown below:

Gain Financial Independence and Retire Early (F.I.R.E.)  with Cake DeFi

All in all, the concept is simple: the more you allocate, the more F.I.R.E. bonus you receive.

4. When will I receive my F.I.R.E. bonus?

You will receive your F.I.R.E bonus immediately after successful allocation of crypto assets, and be able to unfreeze them after 1 month. That said, note that the bonus amount is calculated based on the user’s first allocation into the Freezer product. Bonuses do not stack.

5. How do I get started?

a. SIGN UP for a Cake DeFi account and successfully complete the KYC process before 06 February 2023

b. GO TO to our Staking page or Liquidity Mining page, and freeze your preferred crypto assets for at least 6 months before the end of the promotion (06 February 2023). Remember, the amount of crypto to be allocated should be based on the F.I.R.E bonus categories mentioned in item #3.

c. RECEIVE your F.I.R.E. bonus immediately after successful allocation of crypto assets. Once again, you'll be able to unfreeze them after 1 month. Also, remember that the bonus amount is calculated based on the user’s first allocation into the Freezer product. Bonuses do not stack.

And that’s it! You’re all set to gain Financial Independence and Retire Early.

Gain Financial Independence and Retire Early (F.I.R.E.)  with Cake DeFi

If you’re interested to know more about the F.I.R.E. movement and how it relates to crypto investing, you may click here to read an article that we’ve published on our blog section.  

So, what are you waiting for? Light up your F.I.R.E and take control of your financial destiny.

- Cake DeFi
What is the F.I.R.E. movement and why crypto can be a perfect fit
What is the F.I.R.E. movement and why crypto can be a perfect fit

Retiring early is a dream for many people, and for good reason. Imagine being able to leave the 9-5 grind behind and pursue your passions and interests full-time, or travel the world and see new sights. The idea of retiring early is incredibly appealing, and it's no wonder that the F.I.R.E. (Financial Independence, Retire Early) movement has gained such popularity in recent years.

But achieving financial independence and retiring early can be attainable. It simply requires careful planning along with disciplined saving and investing to achieve long-term financial security. Let's examine what this movement is all about and how crypto can make it even more lucrative.

What is Financial Independence, Retire Early (F.I.R.E.)?

Financial Independence, Retire Early (F.I.R.E.) is a movement that promotes the idea of saving and investing a significant portion of your income in order to achieve financial independence and the ability to retire at an early age. The goal of the FIRE movement is to build a diversified portfolio of assets that will provide a reliable stream of income to support your lifestyle, allowing you to retire from traditional employment and live off of your investments.

"Your Money or Your Life," a best-selling book published in 1992 by Vicki Robin and Joe Dominguez, introduced many of the ideas embraced by individuals who follow the F.I.R.E. movement. While the exact origin of the term and acronym "F.I.R.E." is unclear, the term embodies the central premise of the book: that individuals should consider the number of working hours required to pay for every expenditure.

What is the F.I.R.E. movement and why crypto can be a perfect fitIt is a financial approach characterized by thriftiness and saving a high percentage of one's income through investments.By saving and investing up to 70% of their annual income, proponents of the F.I.R.E. movement aim to retire at an early age and live off of small withdrawals from their accumulated funds.To cover living expenses in retirement, F.I.R.E. followers typically withdraw 3% to 4% of their savings each year.Achieving a F.I.R.E. retirement requires careful planning, economic discipline, and smart investment choices.What is the purpose of FIRE?

The purpose of the Financial Independence, Retire Early (F.I.R.E.) movement is to help people achieve financial independence and the ability to retire at an early age. The goal of the F.I.R.E. movement is to build a diversified portfolio of assets that will provide a reliable stream of income to support your lifestyle, allowing you to retire from traditional employment and live off of your investments.

In recent years, the Financial Independence, Retire Early (F.I.R.E.) movement has gained popularity, particularly among millennials. This approach involves saving and investing a significant portion of your income in order to retire at an early age and live off of your investments. To achieve this, proponents of the F.I.R.E. movement save up to 70% of their annual income for several years, aiming to build a savings of approximately $1 million, or 30 times their yearly expenses.

By retiring early and living off of their investments, proponents of the F.I.R.E. movement aim to achieve greater control over their financial future and more freedom and flexibility in their lives. After retiring, F.I.R.E. followers make small withdrawals from their savings, typically around 3% to 4% of the balance each year, to cover their living expenses. F.I.R.E. requires careful planning and monitoring of expenses, but once you have lit it up, it's easy to maintain.

What is the F.I.R.E. movement and why crypto can be a perfect fit

Within the FIRE movement, there are several variations that reflect different lifestyles and approaches.

"Fat F.I.R.E." is for those who want to save more than the average worker but maintain their current standard of living, which generally requires a high salary and aggressive savings and investment strategies."Lean F.I.R.E." involves a minimalist lifestyle and extreme savings, requiring a very restricted lifestyle and living on $25,000 or less per year."Barista F.I.R.E." is for those who want to retire from their traditional 9-to-5 jobs but still work part-time and use a combination of work and savings to live a less-than-minimalist lifestyle, while still obtaining health coverage and avoiding dipping into their retirement funds."Coast F.I.R.E." (also known as "Coast FI") focuses on aggressively contributing to retirement savings early in order to reach a certain portfolio value, and then allowing interest to help grow the balance until retirement. Some practitioners of this approach may supplement their income with a side job in order to more quickly reach their contribution goals. Unlike the traditional F.I.R.E. movement, which aims to retire early, the goal of Coast F.I.R.E. is financial independence rather than early retirement.Why crypto is the perfect fit to light up your F.I.R.E.

Some diehard F.I.R.E. investors claim that cryptocurrencies should not be considered a viable investment since they are highly volatile and have a lack of underlying value. Cryptocurrencies have indeed experienced significant price swings in the past, and their value can be influenced by a range of factors, including market demand, regulatory changes, and investor sentiment. This volatility can make them risky investments, but it is also this inherent risk that makes them a veritable component in any F.I.R.E. portfolio.

What is the F.I.R.E. movement and why crypto can be a perfect fit

Generally speaking, there are a few potential reasons why a cryptocurrency investment could be considered for inclusion in a Financial Independence, Retire Early (F.I.R.E.) movement portfolio:

Diversification: Including cryptocurrencies in a portfolio can help to diversify the portfolio and potentially reduce overall risk. By owning a range of different assets, an investor can potentially minimize the impact of any one asset performing poorly on the overall portfolio.Potential for growth: Cryptocurrencies have the potential to provide strong returns in the long term. While they have experienced significant price volatility in the past, some experts believe that they could potentially become more widely adopted and increase in value over time.Inflation protection: Cryptocurrencies are not subject to the same economic and political factors that can affect traditional fiat currencies, and their supply is limited. This could make them potentially appealing as a hedge against inflation and currency devaluation.What is the F.I.R.E. movement and why crypto can be a perfect fit

There are also a number of studies that have analyzed the potential benefits of including bitcoin in an investment portfolio. Some of these studies have found that bitcoin can have a positive impact on portfolio diversification and risk-return profile.

One study published in the Journal of Asset Management in 2017 analyzed the performance of a hypothetical portfolio that included bitcoin along with traditional assets such as stocks and bonds. The study found that adding bitcoin to the portfolio resulted in an improvement in the Sharpe ratio, a measure of risk-adjusted returns, and also reduced the portfolio's overall volatility.

Another study published in the Journal of International Financial Markets, Institutions and Money in 2018 found that bitcoin can improve the diversification of a portfolio and potentially increase returns. The study analyzed the performance of portfolios that included various combinations of bitcoin, stocks, and bonds, and found that portfolios with a small allocation to bitcoin generally had higher returns and lower volatility compared to portfolios without bitcoin.

It's important to note that these studies are based on historical data and do not necessarily provide a guarantee of future performance. As with any investment, it's important to carefully consider your own financial goals and risk tolerance before deciding whether to include bitcoin in your portfolio.

Where to start your crypto investment journey

The F.I.R.E. (Financial Independence, Retire Early) community knows that finding the right investment opportunities is crucial for reaching financial goals. Cake DeFi, a CeDiFi platform, offers a way for investors to grow their wealth and achieve financial independence.

One of the standout features of Cake DeFi is its cash flow-generating products, which pay out rewards twice a day. This means that you can see a steady stream of returns on your investment, which can help you reach your financial goals faster.

Additionally, Cake DeFi offers compounding returns, which allow your wealth to grow exponentially over time. Compounding is often referred to as the "holy grail" of investing, and for good reason. By reinvesting your returns automatically with Cake DeFi, you can take advantage of this powerful feature and watch your wealth grow even faster.

On top of that, Cake DeFi is user-friendly and uses advanced security measures to protect your funds, making it an ideal choice for those new to cryptocurrency. Start earning passive income with Cake DeFi today!

What is the F.I.R.E. movement and why crypto can be a perfect fit
- Cake DeFi
CAKE DEFI YEAR 2022 IN REVIEW: A Quick Look at Our Breakthroughs & Product Launches
CAKE DEFI YEAR 2022 IN REVIEW: A Quick Look at Our Breakthroughs & Product Launches

Indeed, for many crypto companies, 2022 was a major turning point. Having witnessed several big industry players collapse and kickstart the still ongoing crypto winter, many have understandably chosen to downsize or completely shut down their operations.

Always seeing the glass half full, we at Cake DeFi chose to do the exact opposite.

Why? As we always encourage our users to “take control of their financial destiny,” we also want to show that we are fully in control of ours. That we are driven by our passion to serve our customers, not just by market conditions.

So, as the year comes to a close, we invite you to have a quick look at what our dedication has managed to accomplish for our users and what we are committed to pursue in 2023 and beyond.

Read on and happy holidays!  

CAKE DEFI YEAR 2022 IN REVIEW: A Quick Look at Our Breakthroughs & Product LaunchesLAUNCH OF CAKE DEFI VENTURES - Cake DeFi Ventures, our US$100 million venture arm, was launched on 09 March 2022. It is committed to accelerating growth of tech firms, with a focus on investing in Web3, gaming and fintech startups.
PRODUCT HIGHLIGHTS - during the first quarter, we greatly enhanced the onboarding experience for our users by integrating Sumsub, MyInfo and single sign-on (SSO) log in. We also added and improved on our “Learn More” product explainers. Q2 HIGHLIGHTS
CAKE DEFI YEAR 2022 IN REVIEW: A Quick Look at Our Breakthroughs & Product LaunchesCAKE DEFI’s 3RD ANNIVERSARY CELEBRATION - this year’s anniversary celebration was particularly memorable as it marked the launch of Birthday Research, our research and development arm which focuses on developing blockchain and digital-asset solutions, and several other exciting initiatives.
US$317 MILLION WORTH OF REWARDS PAID OUT TO CUSTOMERS - coinciding with our 3rd year anniversary is the announcement of yet another company milestone in the $317 million worth of rewards that we have paid out to our users through the first quarter of 2022.
EU REGISTRATION - we finally obtained our first-ever registration to operate in the EU and EEA region, and are registered with the Registrar of Legal Entities and Financial Crime Investigation Services of Lithuania since June 2022. This registration enables us to provide virtual currency exchange and wallet services in Lithuania.
LAUNCH OF THE “BORROW” SERVICE - Borrow was added on the Cake DeFi mobile app based on two general objectives: 1) Provide a better option for those who are just HODLing their digital assets and 2) Offer another avenue for Cake DeFi users to “make their cryptos work for them.
SUCCESSFUL COMPLETION OF AUDIT BY CURE53 - in line with our commitment to security and transparency, we successfully completed a security assessment conducted by top IT security consultancy firm Cure53 and received positive remarks - particularly on our UI, backend API, and underlying servers.
WE JOINED COINBASE TRUST -  in October 2022, we were admitted to Coinbase's Travel Rule Universal Solution Technology (TRUST) coalition - which is a global, industry-driven solution designed to comply with a requirement known as the Travel Rule while protecting the security and privacy of customers.
TRANSPARENCY PAGE WENT LIVE - in line with our commitment to providing transparency and safeguarding user assets,  we created a transparency page that users can access to view all of our transparency features, protocols and reports.

This initiative was carried out at a time when very few industry players were providing such information and despite not being mandated to do so.Q3 HIGHLIGHTS
CAKE DEFI YEAR 2022 IN REVIEW: A Quick Look at Our Breakthroughs & Product LaunchesEARN” WAS LAUNCHED - EARN, our single-sided liquidity mining service, was launched in Q2. It allows users to participate in liquidity mining with just one type of cryptocurrency and offers more stability and security as it mitigates volatility loss risk and counterparty risk.
CAKE DEFI AND RAZER SILVER COLLABORATION - adding more excitement into our list of activities for Q3 was our partnership with Razer Silver, part of a  highly popular lifestyle brand for gaming and Esports communities.
NEW LIQUIDITY MINING POOLS - beginning 4 August 2022, users of Cake DeFi’s Liquidity Mining service will be able  to allocate funds into our first-ever DUSD stablecoin paired liquidity mining pools: USDT-DUSD and USDC-DUSD.Q4 HIGHLIGHTS
CAKE DEFI YEAR 2022 IN REVIEW: A Quick Look at Our Breakthroughs & Product LaunchesBRAND REFRESH - Our brand refresh reflects our evolution, growth and maturity as a company — from a new kid on the block, to now a leader in transparency and innovation in DeFi and Web3. A brand new look and experience and a swanking new logo to boot. It's the same that you trust and enjoy using, but with more intuitive designs and features. Check it out!  
LAUNCH OF CAKE DEFI ENTERPRISE - another proud moment for us was the announcement of the launch of our B2B vertical, Cake DeFi Enterprise (CDE), during this year’s Singapore FinTech Festival. Our goal for CDE? To make DeFi products and services easy for institutions to use and also in a transparent and secure manner.
LAUNCH OF ETH STAKING SERVICE - with our ETH Staking service, ETH holders can stake and generate rewards on their ETH tokens, and also exit our Staking service using csETH.
PROOF OF RESERVES - at Cake DeFi, we always strive to find innovative ways of providing transparency and safeguarding user assets. In line with this commitment, users can now verify their Proof-Of-Reserves and check our Proof-Of-Liabilities.
IMPROVEMENTS IN OUR “LENDING” SERVICE - users of our Lending service can now enjoy receiving rewards in just 7 days and other exciting benefits. To know more, you can click here. WHAT USERS CAN EXPECT FROM US IN 2023 & BEYOND

During a recent Twitter Space broadcast, both our CEO and Co-Founder Julian Hosp and Head of Community Fabio Andreatta shared their thoughts on what Cake DeFi as an organization should double down and further improve on in 2023.

“Cake has been built on the principles of transparency since its inception,” Fabio said. “Back then, I guess, we were two years too early for that. Nobody thought that this was important in 2020. But, now, everybody thinks that this is important.  

“I think that we’re doing a great job with our Proof-Of-Reserves, transparency page, financial reports and everything surrounding that. We just need to continue doing that and provide the transparency that customers deserve,” he added.

As for Julian he said that “We’re definitely going to double down on further improving our referral program. People really love it. It works for us. It works for our users.”

“Also, one thing that we’re definitely going to do in 2023 is to revamp the entire user experience. We’ll make it super clean and super easy for our users. I think that’s really important,” he continued.

Finally, Julian shared that Cake DeFi as an organization will “be even more determined and scrappy. It’s almost like day zero again. Everything’s up for grabs now. The few crypto remaining companies will be fighting to get a piece of the pie. So, yes. Expect us to be scrappy again.”

With that, we wish each and everyone of you happy holidays and an amazing 2023. We sincerely thank you for choosing us as your preferred DeFi platform and look forward to your continued support.

At the same time, expect us to continue working hard to provide you with the best DeFi services for helping you take control of your financial destiny.

If you want to use our services but haven’t registered yet, click here to create an account.

CAKE DEFI YEAR 2022 IN REVIEW: A Quick Look at Our Breakthroughs & Product Launches

Once again, thank you and have an amazing new year!

- Cake DeFi
Merkle Tree Proof of Reserves and Liabilities: Raising the Bar for Enhanced Transparency
Merkle Tree Proof of Reserves and Liabilities: Raising the Bar for Enhanced Transparency

The recent FTX turmoil has prompted cryptocurrency companies to release cryptographic proofs of their custodial funds to combat skepticism about their cash management. These proofs allow anyone to verify that the funds held on-chain are sufficient to cover the exchange's liabilities to its users. This is done by using a method called Merkle Tree Proof of Reserves.

What are Proof of Reserves and Proof of Liabilities?

Unlike full nodes, centralized exchanges (CEXs) do not provide unequivocal proof of funds. In most of these cases, cryptocurrencies are simply sent into a black box, leaving users with little choice but to cross their fingers and trust that their money isn't being misused.

To combat this, CEXs are increasingly creating cryptographic proofs to demonstrate that their on-chain funds are sufficient to cover their users' liabilities, rather than solely relying on government-issued licenses and audits. This attempt to provide public transparency to centralized cryptocurrency reserves through a verifiable auditing practice is called Proof of Reserves.

Proof of Reserves is a means of demonstrating that platforms or exchanges are capable of honoring withdrawals on their platforms at all times. In general, it consists of two parts: a current record of customers' coin deposits (known as Proof of Liabilities), and the pool of coins held within a set of exchange addresses (also known as Proof of Assets). If Proof of Assets > Proof of Liabilities, then the exchange is solvent and can always honor withdrawal requests (Proof of Reserves).

Timeline of the Proof of Liability concept

The first attempts to cryptographically prove that exchanges are not cheating their customers date back to 2011, when the then-largest exchange Mt Gox proved that they indeed owned all their customers’ funds by sending BTC to a pre-announced address.

In 2013, a new concept of proof emerged, where exchanges proved that customers' deposits equaled X and also proved ownership of the private keys of X coins. This is called Proof of Solvency, which requires exchanges to prove that they hold enough funds to pay back all its depositors.

The simplest way to prove deposits is to publish a list of (username, balance) pairs. The list allows everyone to verify that their balances appear in the list, as well as to verify that (i) no balance is negative, and (ii) the total matches the claim.

This approach has the disadvantage of raising privacy concerns, although this can be overcome by publishing a list of (hash(username, salt), balance) pairs, and sending the salt value privately to each user. However, there is still a possibility of account balance leaks using this method. The desire to preserve privacy led to the next invention: the Merkle tree Proof of Liabilities.

What is a Merkle tree?

A Merkle tree is a data structure that is created by combining the customer balance and the username hash into a tree structure where each node represents a (hash, balance) pair. Leaf nodes at the bottom of the tree represent individual customer balances and the hashed username. Nodes higher up in the hierarchy have a balance equal to the sum of the two balances below, and the hash is the hash of the two nodes below.

Merkle Tree Proof of Reserves and Liabilities: Raising the Bar for Enhanced TransparencyCf.

All transactions in a Merkle tree are related and grouped together to obtain a root hash or "root address" (yellow box). This root hash is related to all the other hashes of the tree. The Merkle tree Proof of Liability saves a great deal of time since it is not necessary to verify every transaction in a network. Instead, this method relies only on a subset of data to verify funds, which is why it’s considered the industry gold standard for user fund verification.

How does it work? Based on the Merkle tree above, let's assume that Charlie wants to verify his funds. For this purpose, he does not need to know all Merkle tree entries, just the ones highlighted in blue. As long as Charlie receives the hashed information from David, as well as the hashes of the other two blue blocks, he will be able to verify that his funds indeed are on the exchange –– without the need of any other information.

It is also worth noting that if a hash in a Merkle tree is changed, all the others will also change (root hash). As a result, the authenticity of the information for the entire tree will be invalidated. This feature allows Merkel trees to provide the high level of safety they are known for.

A very important proposition is the non-negativity allowance for leaves. If a malicious node with a negative balance were added to the tree, then the neighboring nodes and all nodes above would fail the proof verification. Such a malicious attack can only succeed if no one on the entire side of the tree where the malicious node is checks and verifies their balances.

What are the advantages of a Merkle tree?

There are several advantages to using a Merkle tree. One of the key advantages is that it provides a high level of transparency and assurance to users. By providing a Proof of Liabilities, a platformis demonstrating that it has the assets that it claims to have, which helps to build trust with users and ensure the solvency of the platform.

Another advantage is that it is efficient and secure. The use of a Merkle tree allows for efficient verification of the entire list of assets, without requiring the disclosure of the full list. This protects the privacy of the exchange and its users, while still allowing for the verification of the exchange's reserves.

Merkle Tree Proof of Reserves and Liabilities: Raising the Bar for Enhanced Transparency

Moreover, the accuracy of the whole tree can be verified without examining each node individually. Hence, Merkle proof of liabilities can be viewed as crowdsourced proofs of user-conducted checks.

In addition, Merkle proofs are resistant to tampering. Since the hashes in the tree are linked together in a specific order, any attempt to alter the list of assets would result in a different hash being produced. This makes it difficult for an attacker to alter the proof of reserves without being detected.

Overall, a Merkle tree Proof of Liabilities is a useful tool for cryptocurrency exchanges to demonstrate the solvency and transparency of their operations. By providing Proof of Liabilities, an exchange or custodian can build trust with its users and ensure the security of their funds.

Step-by-step guide: How to verify your funds on Cake DeFi

At Cake DeFi, transparency and security aren't just duties, they're a necessity, and we live them every day. Our platform has led the way in disclosing the amount of coins we hold in our addresses (Proof of Assets) since we launched in 2019, back when nobody else was doing it. Whether you are a customer or not, you can easily access the information around Proof of Assets on our transparency page.

But now we want to take it a step further and provide a tool so that everyone can easily check the other side of the equation as well – Merkle tree Proof of Liabilities. This is part of our ongoing initiative to give the public the full picture and enable customers to verify that their funds are safely stored with us. Check it out yourself here.

The following steps are required to determine whether your account balance is included in the tree structure of the Merkle tree Proof of Liabilities:

Hash your account balance and your unique ID

This step has been made super easy so that anyone can do it without any knowledge! In order to make your life easier, we have already prepared everything and hashed your balance and unique ID for you. To find your hash ID, log into your account and look at the bottom of the page.

Merkle Tree Proof of Reserves and Liabilities: Raising the Bar for Enhanced TransparencyCheck if that hash has actually been included in the final hash of the general Merkle tree Proof of Liabilities

You can now receive the Merkle tree for your funds by entering the hash ID you copied earlier into the input field on the Proof of Reserves page. As an output, you will receive the following structure:

Merkle Tree Proof of Reserves and Liabilities: Raising the Bar for Enhanced Transparency

This includes two sets of data: The first is the Merkle root, which acts as a cryptographic seal to summarize all the imputed data (current balance of funds held by Cake DeFi), and the second one is the verified leaf that shows a breakdown of your funds.

Independently conduct the Merkle proof

Following our motto "Trust because you can verify", you can also independently perform the Merkle tree Proof of Liabilities check by following these steps:

Step 1: Install the verification tool using the info provided on Github.

Step 2: Copy your personal hash ID

Step 3: Download the Merkle tree file

Step 4:  Execute the following command on your terminal: npm run verify -- -- <paste-the-name-of-your-merkle-tree-file-here> --hash=<paste-your-personal-hash-here>

With the Merkle tree Proof of Liabilities, Cake DeFi has raised the bar for transparency and will continue to set the industry standard for years to come. Log into your account and visit our Proof of Reserves page to check your funds.

If you would like to contribute to this venture and give us your ideas about how we can improve our platform, please contact us via Zendesk or reach out to us via our social media channels.

- Cake DeFi
The 10 Biggest Moments For Crypto in 2022
The 10 Biggest Moments For Crypto in 2022

The crypto space had a wild ride in 2022, with giant players collapsing, markets tumbling, and even non-crypto fanboys taking notice of the dramas that played out. Just a year prior, things seemed to be headed upward with no sign of stopping in sight. The industry even reached an all-time high market cap in November 2021, boosted by renewed interest in digital assets and the rise of NFTs.

But the crypto market had no chance against a tightening economy, and prices were already plummeting. Just two months before the start of 2022, bitcoin, the largest cryptocurrency by market capitalization, peaked at US$ 69,000 and marked a new all-time high. And by the end of January, it was trading nearly 50% below its peak.

On hindsight, the trouble was only just beginning. Read on to get to know the 10 biggest moments for crypto in 2022 from the "Crypto Bowl" to the collapse of FTX.


If you follow Twitter or are a football fan, you most likely saw an advertisement for a crypto company at this year's Super Bowl. The 2022 Super Bowl, also known as the "Crypto Bowl", saw a surge in cryptocurrency-related advertisements as four companies – Coinbase, FTX,, and eToro – leveraged the popular event to promote their brands. These companies each aired significant TV commercials during the game, with some ads standing out more than others. For example, FTX collaborated with Larry David in a lighthearted commercial, while Coinbase's bouncing QR code ad went on to win a Grand Prix at the Cannes Film Festival a few months later. The use of the Super Bowl as a marketing platform for crypto companies highlights the growing mainstream acceptance and adoption of cryptocurrency.


Since the invasion of Russia in Ukraine, the country has been facing economic challenges and political instability. In an effort to fund its government operations and rebuild its economy, Ukraine has turned to an unconventional solution: accepting cryptocurrency donations.

This decision was made in recognition of the growing popularity and potential of cryptocurrency as a valid form of payment. By accepting crypto donations, Ukraine is able to tap into a new source of funds and demonstrate its willingness to embrace new technologies. Since Moscow’s invasion, more than 102,000 crypto asset payments worth $54.7 million have been made to the Ukrainian government.

Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT.

BTC - 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P

ETH and USDT (ERC-20) - 0x165CD37b4C644C2921454429E7F9358d18A45e14

— Ukraine / Україна (@Ukraine) February 26, 2022 TERRAUSD IMPLODES

Those hoping for a continuation of the bull market were disappointed by the first of several blow ups that started with TerraUSD (UST). The crypto ecosystem of 2022 suffered a major blow with the downfall of TerraUSD (UST), a stablecoin designed to be pegged to the value of the US dollar. UST was intended to be algorithmically backed by Luna, a separate crypto asset that would offer traders an arbitrage opportunity to maintain the $1 peg.

However, large sell-offs in May 2022 caused Luna to plummet, resulting in a downward spiral that led to the erasure of $45 billion in market cap by the end of the week. The project was effectively dead, with UST trading at less than $0.20 and Luna valued at nearly zero. The impact of this collapse rippled throughout the crypto world, causing further destabilization and uncertainty.

The 10 Biggest Moments For Crypto in 2022

As a company, we were fortunate to not be affected by the LUNA crash at all. While the incident had a significant impact on the crypto space as a whole, our business operations and financial performance remained stable.


As another domino fell in late June, Three Arrows Capital (3AC), a leading crypto hedge fund, went bankrupt, causing ripple effects throughout the crypto ecosystem. 3AC, which borrowed and invested money across the crypto world, lost hundreds of millions of dollars due to the collapse of TerraUSD, as well as being underwater on various other investments.

As 3AC wound down, it took its partners, who it could no longer pay back, with it. One of these partners was crypto lender Voyager, which filed for bankruptcy in early July. In the midst of plummeting crypto prices following the TerraUSD collapse and 3AC's insolvency, crypto lender Celsius also filed for bankruptcy. BlockFi, another lender, managed to avoid the contagion and secured a $250 million line of credit from exchange FTX to remain afloat.

In times like these, a solid business model that is build on trust and transparency is paramount. Transparency is core to our business and how we operate. As a Singapore-based fintech company, we have to ensure clear asset segregation whereby customers’ assets are kept separate from the company’s operating accounts. Simply put, our users have control and authority over their funds.


Despite most ripple effects having subsided by mid-summer, crypto winter was still raging, with prices of crypto assets consistently falling. Bitcoin (BTC) was down 70% from its all-time high, Ether (ETH) was down 75%, and many "alt-coins" were faring even worse.

The NFT market, which had been performing well at the beginning of the year, was also hit hard by the downturn. Monthly trading volume dropped from over $17 billion in January to $1 billion in June, according to blockchain analytics platform Dune Analytics. Interest in both blue-chip and new NFT collections also declined significantly. The belief that NFTs had become mainstream proved to be false.

The 10 Biggest Moments For Crypto in 2022MASS LAYOFFS

As the crypto winter continued, macroeconomic challenges, such as Russia's war in Ukraine and interest rate hikes by the Federal Reserve, added to the difficulties faced by crypto companies. These companies were among the first to significantly reduce their workforce.

Coinbase, one of the largest and most well-known cryptocurrency exchanges in the world, laid off 1,100 employees, or 18% of its workforce; NFT marketplace OpenSea laid off 20%; exchange laid off 25%; and many other firms, from lenders to exchanges to startups, made cuts of various sizes throughout the summer., previously known for its heavy marketing spending, reduced its headcount by over 2,000 employees, or between 30% and 40% of its workforce, as reported by Ad Age. The cuts, which were far larger than the company publicly announced, were accompanied by a reduction in's marketing partnerships.

In contrast, we at Cake DeFi see this crypto winter as the time to consolidate, recalibrate and build. Our hiring hasn't slowed down this year, and our team size has nearly doubled to more than 160 people since the beginning of the year.


In mid-September, the final stage of "The Merge" update to the Ethereum blockchain was completed, making the network significantly more energy efficient. This update had been in planning for years, and its successful implementation was a relief to many in the cryptocurrency space. Prior to "The Merge," the lack of sustainability was a common criticism of Ethereum. However, the update not only addressed this issue, but also demonstrated the ability of the Ethereum community to come together and make positive changes to the network. In the midst of turmoil in cryptocurrency markets, this was a welcome development.

The 10 Biggest Moments For Crypto in 2022ELON MUSK’S TWITTER TAKEOVER

Elon Musk's takeover of Twitter has been seen as a positive development for the cryptocurrency market, as many believe that his ownership of the social media platform will result in future integrations with crypto technology and a more accepting attitude towards cryptocurrencies. Musk has a significant presence in the crypto ecosystem and has been known to promote the use of cryptocurrencies like Dogecoin. He has also hinted at the possibility of Twitter using crypto technology in the future, potentially through Dogecoin integration and a focus on crypto payments. These developments could have a positive impact on the adoption and use of cryptocurrencies in the future.


In November, the cryptocurrency industry was shaken by the collapse of FTX, one of its most reputable and mature players. The whole saga began when CoinDesk leaked a balance sheet for Alameda Research, a hedge fund closely tied to FTX and co-founded by its CEO, Sam Bankman-Fried. The balance sheet consisted mainly of FTT, a token created by FTX to give users discounts on its platform. However, the token had poor liquidity, and when Binance was about to dump its large share of FTT, it triggered a run on the token and caused its value to plummet. FTX, which was also a major holder of FTT, announced that Binance would acquire it, but when the deal fell through, no other buyers stepped in and FTX filed for bankruptcy.

Further investigation revealed that Bankman-Fried had used billions in customer deposits, which were supposed to be off-limits to FTX, to make loans to Alameda after it suffered major losses during the summer's market collapses. Other mistakes, such as FTX executives taking loans from Alameda to fund political contributions and Bahamian estates, were also uncovered. The SEC and DOJ launched investigations into FTX, and Bankman-Fried resigned. His replacement, John Ray III, an insolvency expert who oversaw Enron's liquidation, called the situation "a complete failure of corporate controls and such a complete absence of trustworthy financial information." The incident was one of the largest cases of financial fraud in recent history and left the industry reeling.

The collapse of FTX sent shockwaves through the cryptocurrency market and raised concerns about the safety of customer funds at other exchanges. It also highlighted the need for greater regulation and oversight in the industry to prevent similar incidents from occurring in the future. Despite this, the incident also showed the resilience of the cryptocurrency market, as it was able to recover from the shock of FTX's collapse and continue moving forward.

The Definitive Thread on FTX

I met SBF before FTX started, and witnessed their rise and fall. I can't stand @nytimes's puff piece.

If anyone wants to know what happened, send them this.

— Jason Choi (@mrjasonchoi) November 15, 2022 FTX FALLOUT

The fallout from the collapse of FTX also spread to other companies and individuals in the cryptocurrency space. Genesis, a digital currency trading firm, was forced to suspend trading on its platform after its parent company, Digital Currency Group, revealed that it had lost millions of dollars in the FTX collapse. BlockFi, a platform that allows users to earn interest on their cryptocurrency holdings, also faced scrutiny after it was revealed that it had significant exposure to the FTT token.

In addition to these companies, the FTX collapse also had implications for high-profile individuals involved in the cryptocurrency market. Tom Brady, the legendary NFL quarterback, faced criticism for his involvement in the token sale of FTT, and Steph Curry, the NBA star, faced backlash for promoting BlockFi on his social media channels.

Overall, the collapse of FTX was a major event in the cryptocurrency industry and had far-reaching consequences for the market. It highlighted the need for greater regulation and oversight in the space and exposed vulnerabilities in the ecosystem. Despite this, the market was able to recover from the shock of the incident and continue moving forward.

As a company, we were fortunate to not be affected by the FTX turmoil. Despite the significant impact that the incident had on the crypto industry, our business operations remained stable. Thanks to our resilience and preparedness, we were able to successfully navigate the situation and emerge unscathed from the FTX turmoil.

The 10 Biggest Moments For Crypto in 2022
- Cake DeFi
Here’s a New Year Resolution For You: 5 Best Ways to Protect Your Crypto
Here’s a New Year Resolution For You: 5 Best Ways to Protect Your Crypto

In the first 10 months of 2022, cyber criminals stole a staggering amount of 3 billion dollars from crypto wallets and exchanges. This is not only a new negative record, but it also emphasizes the need for more learning regarding the security of crypto assets.

The recent attacks against crypto investors may have left you wondering what you can do to improve your digital security. Is it a good idea to keep crypto on an exchange, and what should you watch out for? Should you save a screenshot of your password in case you forget it? In the following blog post, we will answer all these questions and more. Additionally, we will show you how to avoid falling victim to crypto fraud.

Here’s a New Year Resolution For You: 5 Best Ways to Protect Your CryptoUse a strong password to protect your crypto

One of the most important steps that you can take to protect your cryptocurrency is to use a strong and unique password. A strong password is essential for preventing unauthorized access to your accounts and protecting your assets from hackers and other malicious actors.

A strong password should be at least 8 characters long and include a mix of upper and lowercase letters, numbers, and special characters. Avoid using easily guessable passwords, such as your name, date of birth, or simple patterns, as these can be easily cracked by hackers.

It is also important to use a unique password for each of your accounts. If you use the same password for multiple accounts, a hacker who gains access to one of your accounts can potentially use the same password to gain access to your other accounts.

A password manager can be a useful tool for generating and storing strong, unique passwords. It allows you to create a different, random password for each of your accounts, and stores them securely for you. This can help to prevent you from using the same password for multiple accounts and make it easier to manage your passwords.

💡Pro Tip: You can check the strength of your password using this security tool.Use an authenticator app (2FA)

The first time you buy cryptocurrency, it's usually on an exchange. A hacker who gets access to this account can withdraw your crypto to their own wallet address.The best way to thwart these attacks is to turn on two-factor authentication (2FA) in your exchange app for withdrawals.

An authenticator app is a security tool that allows you to add another layer of protection to your accounts. Authenticator apps generate one-time codes that you can use to verify your identity when logging in to your accounts. This can help to prevent unauthorized access to your accounts, even if your password is compromised.

To use an authenticator app, you will need to install the app on your smartphone or other device. Most authenticator apps are available for free from the App Store or Google Play. Once you have installed the app, you will need to set it up with the accounts that you want to protect.

To set up an authenticator app with an account, you will typically need to follow these steps:

Log in to the account that you want to protect.Go to the account's security settings and look for the option to enable two-factor authentication (2FA).Follow the instructions to set up 2FA with your authenticator app. This may involve scanning a QR code or entering a secret key provided by the account.Once 2FA is enabled, you will be prompted to enter a one-time code from your authenticator app when logging in to the account.

One important thing to keep in mind when using an authenticator app is to keep a backup of your account recovery codes. These codes are provided by the account when you set up 2FA, and they can be used to access your account if you lose access to your authenticator app. Make sure to store your recovery codes in a safe and secure place, such as a password manager or a physical copy in a secure location.

Overall, using an authenticator app is a simple and effective way to add an extra layer of security to your accounts and protect your cryptocurrency from unauthorized access. Be sure to set up 2FA with your authenticator app on all of your accounts that support it, and keep a backup of your recovery codes in case of any issues. If you have lost access to your device and want to reset the code on our platform, follow these steps here.

Here’s a New Year Resolution For You: 5 Best Ways to Protect Your CryptoBack up your seed phrase properly

It is essential to securely back up and store your crypto seed phrase, as it provides you with exclusive access to your wallet and its funds. A crypto seed phrase is a randomly generated set of words used to restore the private key to your wallet in the event of device theft, damage, or loss. Without the seed phrase, you will be unable to access your wallet and its funds.

That's why it is important to make sure you back up and store your crypto seed phrase in a secure place. Ideally, this should be an offline location that cannot be easily accessed by anyone else - such as a safe, safety deposit box, or secure physical storage device like a Ledger. It is also important to make sure that you keep your seed phrase safe and secure at all times. This can be done by encrypting the backup file or simply storing it in a secure location.

In addition, it is also important to make sure your seed phrase is written down on a piece of paper or other medium that cannot be easily destroyed or misplaced. This is to ensure that you are able to recover your wallet if the need arises. By taking the necessary steps to back up and store your crypto seed phrase properly, you can ensure that your cryptocurrency is safe and that you have peace of mind knowing that your assets are protected.

💡Pro Tip: It's important to enter your seed words in the exact order in which they were originally displayed when recovering a cryptocurrency wallet. Make sure not to rearrange the order of the words when writing them down, as this could prevent you from successfully recovering your wallet.Check the URL and avoid fake software / apps

Crypto scams are becoming increasingly sophisticated, and crypto users need to be extra cautious to avoid falling victim by checking the URL of any website before entering any personal or financial information.

Scammers often use imposter websites that look identical to original websites, with the only difference being a single letter in the URL. By closely examining URLs, users can ensure they are accessing a legitimate website rather than a phishing site. It is also important to pay attention to the page’s security indicators, such as an ‘SSL Certificate’, which is an encrypted technology that provides secure communication on the web.

Another tip to avoid falling victim to crypto scams is to perform research on the company or website before engaging in any transactions or activities. It is essential to read reviews, study customer feedback, and do your own due diligence before conducting financial transactions online.

Avoid Public Wi-Fi and use a VPN service

When it comes to cryptocurrency transactions, it's important to be cautious about where you access the internet. While free public Wi-Fi at a coffee shop or restaurant may seem convenient, it's important to be aware that other people nearby may be able to intercept your internet traffic using tools like Wireshark. This means that they can potentially see which websites you are visiting, including cryptocurrency exchanges or other crypto-related sites.

While this doesn't necessarily mean that your crypto is at risk of being stolen, it could attract the attention of scammers, who may be more likely to target you if they see you making high-value crypto transactions or simply browsing crypto sites. To avoid this kind of unwanted attention, it's best to avoid using open public Wi-Fi for crypto transactions.One way to protect yourself when accessing the internet for crypto transactions is to use a virtual private network (VPN) service. A VPN encrypts your internet traffic, making it much more difficult for anyone to intercept and view your online activities. This can provide an extra layer of security for your crypto transactions and help keep you safe from scammers. These services typically cost between $5 and $15 per month, but you may be able to get a lower rate by paying for multiple months or years in advance.

💡Pro Tip: Here is a list of well rated VPN service providers.

If you're someone who feels uncomfortable holding your own keys or keeping up with the latest security measures, Cake DeFi is the perfect solution for you. With its unique security features and cash flow capabilities, you can rest assured knowing that your assets are safe and easily accessible. So why wait? Join the Cake DeFi community today and take control of your financial future!

Here’s a New Year Resolution For You: 5 Best Ways to Protect Your Crypto

- Cake DeFi
WHAT LESSONS CAN WE LEARN FROM FTX'S COLLAPSE? Here’s What Industry Experts Have Said So Far.
WHAT LESSONS CAN WE LEARN FROM FTX'S COLLAPSE? Here’s What Industry Experts Have Said So Far.

Once ranked as the world’s second largest cryptocurrency exchange, FTX fell into a downward spiral after a news article that came out on 02 November 2022 raised concerns over its financial health and that of cryptocurrency trading firm Alameda Research, its sister company.

The article also claimed that a large amount of assets held by Alameda Research consisted of FTX’s native cryptocurrency FTT. A few days later, Changpeng Zhao - the CEO and Co-Founder of FTX’s rival cryptocurrency exchange Binance - announced that his company will sell off its substantial holdings of FTT.

It was the beginning of the end for FTX.

What lessons can we learn from the debacle and what does it mean for the future of crypto? Read on to find out what industry experts and personalities have said about the matter.


MICHAEL SAYLOR, MicroStrategy Founder and Executive Chairman: During an interview with Yahoo! Finance, the outspoken bitcoin proponent said that “I think this is going to be really helpful for bitcoin because this is an educational moment and people are realizing the benefits of buying a crypto asset that’s backed by the world’s most powerful computing network and by 10 gigawatts of energy, and the difference between that and the 20,000 other cryptos that are - in essence - backed by nothing, and they’re just like other fiat currencies.

BRIAN ARMSTRONG, Coinbase CEO and Co-Founder: The well-known businessman and investor reacted to a tweet shared by US Senator Elizabeth Warren on the same day that reports came out that federal agencies in the US are investigating FTX. was an offshore exchange not regulated by the SEC.

The problem is that the SEC failed to create regulatory clarity here in the US, so many American investors (and 95% of trading activity) went offshore.

Punishing US companies for this makes no sense.

— Brian Armstrong (@brian_armstrong) November 10, 2022

CHANGPENG ZHAO (CZ), CEO and Co-Founder of Binance: On 11 November 2022, the same day that FTX,, Alameda Research and dozens of subsidiaries filed for bankruptcy, CZ shared the tweet below.

FTX aside, avoid businesses/exchanges/projects that:

- are not profitable (musical chairs)
- survive by selling their own tokens
- give high incentives for locking your tokens
- have a large total supply, but only a small circulation supply
- involves loans

Stay #SAFU 🙏

— CZ 🔶 Binance (@cz_binance) November 11, 2022

TOM EMMER, a US Congressman: During an interview with FOX Business, US Congressman and well-known crypto proponent Tom Emmer said that FTX’s collapse is “...not just a failure of FTX, it’s a failure of CeFi…that’s known as Centralized Finance. It is not a failure of crypto. It's a failure of Sam Bankman-Fried, it’s a failure of business ethics and it’s a failure of the government oversight and regulatory procedures.

FTX's collapse is not a crypto failure. It's a failure with CeFi, @GaryGensler, and Sam Bankman-Fried. Decentralization is the point. Watch below for more thoughts 👇

— Tom Emmer (@RepTomEmmer) November 22, 2022

KEVIN O’LEARY, Entrepreneur and TV Personality: The popular shark investor, who invested in and was a spokesperson for FTX before, may have indirectly shared a lesson on the advantages of using blockchains when he said during an interview with Yahoo! Finance that “One of the remarkable situations about this financial collapse - different to Enron, different to Lehman Brothers, different to Bear Sterns - is that 90 plus percent of these transactions are on chain. They are irrevocable, they cannot be changed, they’re on public record forever…so, by the time this is over - and you asked me what Sam Bankman-Fried did - well, we’ll know. It’ll be totally, totally transparent.”


According to our CEO and Co-Founder Julian Hosp, the FTX debacle provides a key lesson on why it’s important for crypto platforms to provide transparency. “Transparency will be the absolute key criteria for how customers will select exchanges. Customers will not trust, unless they can verify themselves,” he said.


He also added that the undoing of FTX imparts a valuable lesson on what the future holds for both CeFi and DeFi. “Pure DeFi will be too difficult to use and pure CeFi will be too difficult to trust,” he said.  

“Solid exchanges may be able to increase their stranglehold. However, we will see more and more platforms mixing DeFi and CeFi into CeDeFi, where customers have the same fantastic user experience from CeFi, but the transparency from DeFi. This will be the road forward for crypto,” he added.


Sharing more thoughts on what lies ahead for crypto, he added that “Liquidities in DeFi will not be concentrated on one dominant blockchain, and will spread across multiple blockchains and multiple protocols as evident throughout the history of crypto from the start.”


At Cake DeFi, we continuously find innovative ways to safeguard user funds while remaining very transparent. In line with this effort, we’ve made it easier for users to verify our Proof-of-Reserves and check our liabilities.

Users may also visit our transparency page to view all of our transparency features, protocols and reports, and our status page for real-time information on whether our services are up and running.

On top of our Transparency Page, we at @cakedefi are preparing a proof of funds and will be publishing it later today. 100% of our customer funds are backed. We have zero material exposure to external parties. You can trust, because you can verify -> #CeDeFi

— Dr. Julian Hosp (@julianhosp) November 11, 2022

We also publish quarterly transparency reports and have integrated a rewards dashboard into our mobile app to allow users to check their crypto rewards. For more information on our transparency features and safety protocols, you may click here or here.  

With that, we hope that you’ll continue doing research and remain informed on the various ways to keep you and your funds well-protected. Always ask questions. Do not assume. You may also consider options such as using self-custody wallets, dollar-cost averaging and diversification.

If you want to use our services and enjoy all the benefits that we offer, click here to create an account.

WHAT LESSONS CAN WE LEARN FROM FTX'S COLLAPSE? Here’s What Industry Experts Have Said So Far.

So, sign up and take control of your financial destiny!

- Cake DeFi
How Are Yields Generated? Here’s a Simple Explanation
How Are Yields Generated? Here’s a Simple Explanation

There's no doubt about it, generating yields on your crypto is one of the best things that has ever happened in crypto investing. However, have you ever wondered how yields are generated, or what factors influence yield percentages?

In this article, we take a look at some of the factors that influence or affect yields. We also tell you what the yields displayed on our platform are based on.

So, let’s get started.


Yield refers to the earnings generated and realized on an investment over a particular period of time, expressed as a percentage.

In traditional finance, a yield percentage is usually based on the invested amount, current market value or face value of the security. A yield also includes interest earned or dividends received from holding a security. Based on the valuation of a security (fixed or fluctuating), yields may be classified as known or anticipated.

How Are Yields Generated? Here’s a Simple Explanation

Last but not least, yields are mostly computed on an annual basis, though there are also quarterly and monthly yields.


First and foremost, it is important to note that we don’t set or determine the yields displayed on our platform. Essentially, our platform aggregates various DeFi protocols available on the market and reflects the same yields displayed on their respective sources (less our commission).


For DeFi services that are based on the DeFiChain blockchain, the main factor affecting or influencing the yields is the blockchain emission rate.

What is a blockchain emission?

Simply put, emission refers to how quickly new coins are released from the blockchain. As for the case of the DeFiChain blockchain, the emission rate decreases every 10 days by 1.658%. That means, over time, less DFI are paid out as rewards.

How Are Yields Generated? Here’s a Simple Explanation

Since DeFiChain sets how many DFI of the total block rewards are allocated towards Staking, Liquidity Mining, etc., a change in this split requires a Masternode approval. To view the most up-to-date data on the DFI emission and inflation, you may click here.


If you're a high-level crypto investor or active user of staking or liquidity mining services, you're probably aware that your crypto yield is heavily influenced by the number of participants using the same platform.

The same is true with the Staking and Liquidity Mining services that we give you access to and which are both based on the DeFiChain blockchain.

Of course, there are other factors that can influence yields - which you can read more about by clicking here. Also, you may click here to know more about our Staking service and here for more information on our Liquidity Mining service.


It is without a doubt crucial for a crypto investor to understand how yields are generated. Why? Because it helps you make informed decisions regarding which service provider to use, how much crypto to allocate, for how long, and what crypto investment strategy to use.

At Cake DeFi, we not only provide information on what the yields we display are based on, but also transparency on other information that are valuable to you as a crypto investor. You may  click here to read more about our transparency features and protocols. Similarly, you may click here to read about how we continue to build and develop our platform based on transparency.

How Are Yields Generated? Here’s a Simple Explanation

If you want to use our services and enjoy all the benefits that we offer, click here to create an account.

So, what are you waiting for? Sign up now and take control of your financial destiny!

:root{--button-bg: rgba(91,16,255,.08);--disable-button-bg: rgba(0, 0, 0, 0.2) }@media(prefers-color-scheme: dark){html:not([data-theme=light]){--button-bg: rgba(91,16,255,0.3);--disable-button-bg: rgba(255, 255, 255, 0.2) }}html[data-theme=dark]{--button-bg: rgba(91,16,255,0.3);--disable-button-bg: rgba(255, 255, 255, 0.2) }.btn,#RegisterSubmitBtn,#ResendConfirmationEmailBtn{display:inline-block;font-size:1.6rem;font-weight:500;line-height:2.4rem;text-decoration:none;margin:0;padding-right:15px;padding-left:15px;padding-bottom:7px;padding-top:7px;border-radius:4px;border:1px solid rgba(91,16,255,.08) !important;letter-spacing:0;text-align:center;background-color:var(--button-bg);color:#5b10ff;transition:all .3s ease;white-space:nowrap;box-sizing:border-box}.btn.btn-large,#RegisterSubmitBtn.btn-large,#ResendConfirmationEmailBtn.btn-large{padding-top:11px;padding-bottom:11px}.btn:hover,#RegisterSubmitBtn:hover,#ResendConfirmationEmailBtn:hover{background-color:rgba(69,0,220,.08) !important;color:#5b10ff !important;text-decoration:none !important}.btn .icon-wrapper,#RegisterSubmitBtn .icon-wrapper,#ResendConfirmationEmailBtn .icon-wrapper{display:flex;align-items:center;justify-content:space-between}.btn .icon,#RegisterSubmitBtn .icon,#ResendConfirmationEmailBtn .icon{background-position:center;background-repeat:no-repeat;width:24px;height:24px}.btn.btn-plain,#RegisterSubmitBtn.btn-plain,#ResendConfirmationEmailBtn.btn-plain{background-color:rgba(0,0,0,.08);color:#5b10ff}.btn.btn-plain:hover,#RegisterSubmitBtn.btn-plain:hover,#ResendConfirmationEmailBtn.btn-plain:hover{background-color:#eee6ff}.btn.btn-link,#RegisterSubmitBtn.btn-link,#ResendConfirmationEmailBtn.btn-link{background-color:#fff;color:#5b10ff}.btn.btn-link:hover,#RegisterSubmitBtn.btn-link:hover,#ResendConfirmationEmailBtn.btn-link:hover{background-color:#ebebeb}.btn.btn-linkedin,#RegisterSubmitBtn.btn-linkedin,#ResendConfirmationEmailBtn.btn-linkedin{background-color:#0077b5;width:auto;color:#fff}.btn.btn-linkedin:hover,#RegisterSubmitBtn.btn-linkedin:hover,#ResendConfirmationEmailBtn.btn-linkedin:hover{background-color:#005582}.btn.btn-linkedin img,#RegisterSubmitBtn.btn-linkedin img,#ResendConfirmationEmailBtn.btn-linkedin img{display:inline;position:relative;top:-3px;margin-right:8px}.btn[disabled],#RegisterSubmitBtn[disabled],#ResendConfirmationEmailBtn[disabled]{color:rgba(255,255,255,.6) !important;border:1px solid rgba(91,16,255,.08) !important;background-color:var(--disable-button-bg) !important;cursor:default !important}.btn[disabled]:hover,#RegisterSubmitBtn[disabled]:hover,#ResendConfirmationEmailBtn[disabled]:hover{text-decoration:none !important}.checkbox{display:flex;align-items:center;cursor:pointer}.checkbox input[type=checkbox]{appearance:none;-webkit-appearance:none;-moz-appearance:none;width:auto;padding:0;border:none}.checkbox input[type=checkbox]:focus+span{outline:5px auto -webkit-focus-ring-color}.checkbox input[type=checkbox]+span{margin-right:8px;border:1px solid rgba(0,0,0,.2);background:#f4f3f6;border-radius:4px;display:inline-block;width:24px;height:24px;flex-shrink:0}.checkbox input[type=checkbox]:checked+span{background-image:url('data:image/svg+xml;utf8,');background-color:#f2ebfe}.global-spinner{top:6%;width:100%;position:fixed;text-align:center;display:none;z-index:99999}.loader2{width:32px;height:32px;margin-left:24px;color:#5b10ff}.slice{animation-name:pendulum;animation-duration:1.5s;animation-iteration-count:infinite;transform-origin:50%;fill:currentColor}@keyframes pendulum{0%{transform:rotate(-50deg);animation-timing-function:ease-in-out}50%{transform:rotate(-130deg);animation-timing-function:ease-in-out}100%{transform:rotate(-50deg)}}.spinner-group{animation:rotate 1s linear infinite;width:100%;height:100%;transform-origin:50%}.spinner-group .spinner{stroke:currentColor;stroke-linecap:round;animation:dash 1.8s linear infinite;transform-origin:50%}.spinner-group .track{stroke:#ccc}@keyframes rotate{100%{transform:rotate(360deg)}}@keyframes dash{0%{stroke-dasharray:0,120;stroke-dashoffset:0}50%{stroke-dasharray:80,120;stroke-dashoffset:-40}100%{stroke-dasharray:40,120;stroke-dashoffset:-60}}.global-alert{top:56px;position:fixed;z-index:2055}.cake-alert{display:flex;align-items:center;border-radius:4px;padding:8px 16px;text-align:center}.cake-alert.success{color:#155724;background-color:#d4edda;border-color:#c3e6cb}.cake-alert.error{color:#721c24;background-color:#f8d7da;border-color:#f5c6cb}:root{--color-gray-200: rgba(0, 0, 0, 0.2);--color-gray-300: rgba(0, 0, 0, 0.3);--color-gray-400: rgba(0, 0, 0, 0.4);--color-gray-600: rgba(0, 0, 0, 0.6)}@media(prefers-color-scheme: dark){html:not([data-theme=light]){--color-gray-200: #ccc;--color-gray-300: #ccc;--color-gray-400: #ccc;--color-gray-600: #ccc}}html[data-theme=dark]{--color-gray-200: #ccc;--color-gray-300: #ccc;--color-gray-400: #ccc;--color-gray-600: #ccc}.focus-label,.float-container .float-control-container .float-control:focus~label,.float-container .float-control-container .float-control:focus:not(:placeholder-shown)~label,.float-container .float-control-container .float-control:disabled:not(:placeholder-shown)~label,.float-container .float-control-container .float-control:valid~label{font-size:1.2rem;font-weight:500;line-height:1.6rem;padding-top:3px}.float-container .password-toggle{top:0px;right:0px;border:0px;cursor:pointer;display:flex;position:absolute;top:50%;transform:translateY(-50%);box-sizing:border-box;align-items:center;padding-left:16px;padding-right:16px;background-color:rgba(0,0,0,0);appearance:none}.float-container .password-toggle svg{fill:var(--color-gray-600);width:2.4rem;height:2.4rem}.float-container label.error{color:red;display:block;margin-top:8px;min-height:20px;line-height:20px;letter-spacing:.25px;font-size:1.2rem;text-align:left}.float-container .float-control-container{display:flex;position:relative;font-size:1.6rem}.float-container .float-control-container.readonly{box-shadow:0 0 0 1px var(--color-gray-200);border:1px solid rgba(0,0,0,0);border-radius:4px;padding:12px 16px;line-height:2.4rem;background:#fff}.float-container .float-control-container label{cursor:text;color:var(--color-gray-600);display:block;font-size:1.6rem;line-height:2.4rem;top:0;left:0;margin-bottom:0;padding:12px 16px;border:1px solid rgba(0,0,0,0);pointer-events:none;position:absolute;transition:all .1s ease-in-out;width:100%;z-index:1;white-space:nowrap;overflow:hidden;text-overflow:ellipsis}.float-container .float-control-container .float-control-select-arrow{height:20px;position:absolute;top:15px;right:10px;width:20px}.float-container .float-control-container .float-control-select-arrow b{border-color:#888 rgba(0,0,0,0) rgba(0,0,0,0) rgba(0,0,0,0);border-style:solid;border-width:5px 4px 0 4px;height:0;left:50%;margin-left:-4px;margin-top:-2px;position:absolute;top:50%;width:0}.float-container .float-control-container .float-control{flex:1;box-shadow:0 0 0 1px var(--color-gray-200);border:1px solid rgba(0,0,0,0);border-radius:4px;padding:12px 16px;margin-bottom:0;font-size:1.6rem;line-height:2.4rem;transition:all .1s ease-in-out;-webkit-appearance:none;min-width:0}.float-container .float-control-container .float-control::placeholder{color:rgba(0,0,0,0)}.float-container .float-control-container .float-control:disabled:valid~label{color:var(--color-gray-300)}.float-container .float-control-container .float-control:disabled::placeholder{color:rgba(0,0,0,0)}.float-container .float-control-container .float-control:disabled:not(:placeholder-shown),.float-container .float-control-container .float-control:valid{padding:18px 16px 6px 16px}.float-container .float-control-container .float-control:focus:not(:placeholder-shown),.float-container .float-control-container .float-control:valid{padding:18px 16px 6px 16px}.float-container .float-control-container .float-control:focus:not(:placeholder-shown)::placeholder,.float-container .float-control-container .float-control:valid::placeholder{color:rgba(0,0,0,0)}.float-container .float-control-container .float-control:focus{outline:none !important;padding:18px 16px 6px 16px}.float-container .float-control-container .float-control:focus::placeholder{color:var(--color-gray-400)}.float-container .float-control-container.focus .float-control{box-shadow:0 0 0 2px #5b10ff}.float-container .float-control-container.focus label{color:#5b10ff}.float-container .float-control-container.error .float-control{box-shadow:0 0 0 1px red}.float-container .float-control-container.error.focus .float-control{box-shadow:0 0 0 2px red}.float-container .float-control-container.error label{color:red}.dropdown-help-text{font-weight:500;color:var(--color-gray-600)}.modal{position:fixed;width:100%;height:100%;top:0;left:0;margin-top:0 !important;z-index:-1;opacity:0;background-color:#000;background:rgba(0,0,0,.4);transition:all .3s cubic-bezier(0.36, 0.66, 0.04, 1);overflow:auto}{opacity:1;z-index:1} .animated-from-top, .animated-from-bottom{transform:translateY(0)}.modal-content{position:relative;max-width:992px;width:calc(100% - 32px);margin:32px auto;padding:2em;border-radius:4px;background:#fff;box-shadow:0 5px 15px rgba(0,0,0,.5);transition:all .3s cubic-bezier(0.36, 0.66, 0.04, 1)}.animated-from-top{transform:translateY(-200%)}.animated-from-bottom{transform:translateY(200%)}.mt-3{margin-top:12px}.mb-6{margin-bottom:24px}.my-6{margin-top:24px;margin-bottom:24px}.flex{display:flex}.justify-center{justify-content:center}.justify-between{justify-content:space-between}.flex-1{flex-grow:1}.text-black-60{color:rgba(0,0,0,.6)}.hidden{display:none !important}.uppercase{text-transform:uppercase}.l-content .float-control-select-arrow{display:none}@media(min-width: 1024px){.sign-up-name{display:grid;gap:16px;grid-template-columns:repeat(2, minmax(0, 1fr))}}/*# */ Confirm Your Email Address

A confirmation email has been sent to . Click on the confirmation link in the email to activate your account.

Resend confirmation email First name Last name Email Password Country of residence Cake DeFi is only available for listed countries Promo or referral code (optional)

I agree with the Cake Terms and Conditions

Sign up /* * ATTENTION: The "eval" devtool has been used (maybe by default in mode: "development"). * This devtool is neither made for production nor for readable output files. * It uses "eval()" calls to create a separate source file in the browser devtools. * If you are trying to read the output file, select a different devtool ( * or disable the default devtool with "devtool: false". * If you are looking for production-ready output files, see mode: "production" ( */ /******/ (() => { // webpackBootstrap /******/ var __webpack_modules__ = ({ /***/ "./assets/js/components/api.js": /*!*************************************!*\ !*** ./assets/js/components/api.js ***! \*************************************/ /***/ ((__unused_webpack_module, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"api\": () => (/* binding */ api)\n/* harmony export */ });\n/* harmony import */ var _babel_runtime_helpers_asyncToGenerator__WEBPACK_IMPORTED_MODULE_0__ = __webpack_require__(/*! @babel/runtime/helpers/asyncToGenerator */ \"./node_modules/@babel/runtime/helpers/esm/asyncToGenerator.js\");\n/* harmony import */ var _babel_runtime_regenerator__WEBPACK_IMPORTED_MODULE_1__ = __webpack_require__(/*! @babel/runtime/regenerator */ \"./node_modules/@babel/runtime/regenerator/index.js\");\n/* harmony import */ var _babel_runtime_regenerator__WEBPACK_IMPORTED_MODULE_1___default = /*#__PURE__*/__webpack_require__.n(_babel_runtime_regenerator__WEBPACK_IMPORTED_MODULE_1__);\n/* harmony import */ var _config__WEBPACK_IMPORTED_MODULE_2__ = __webpack_require__(/*! ../config */ \"./assets/js/config/index.js\");\n\n\n\nvar baseURL = _config__WEBPACK_IMPORTED_MODULE_2__.appConfig.API_ENDPOINT;\n\nvar fetcher = /*#__PURE__*/function () {\n var _ref = (0,_babel_runtime_helpers_asyncToGenerator__WEBPACK_IMPORTED_MODULE_0__.default)( /*#__PURE__*/_babel_runtime_regenerator__WEBPACK_IMPORTED_MODULE_1___default().mark(function _callee(input) {\n var options,\n response,\n error,\n _args = arguments;\n return _babel_runtime_regenerator__WEBPACK_IMPORTED_MODULE_1___default().wrap(function _callee$(_context) {\n while (1) {\n switch (_context.prev = {\n case 0:\n options = _args.length > 1 && _args[1] !== undefined ? _args[1] : {};\n = 3;\n return fetch(input, options);\n\n case 3:\n response = _context.sent;\n\n if (response.ok) {\n = 9;\n break;\n }\n\n = 7;\n return response.text();\n\n case 7:\n error = _context.sent;\n throw error;\n\n case 9:\n return _context.abrupt(\"return\", response.json());\n\n case 10:\n case \"end\":\n return _context.stop();\n }\n }\n }, _callee);\n }));\n\n return function fetcher(_x) {\n return _ref.apply(this, arguments);\n };\n}();\n\nvar api = function () {\n function fetchLandingPageData() {\n return fetcher(\"\".concat(baseURL, \"/landing-page\"));\n }\n\n function register(payload) {\n return fetcher(\"\".concat(baseURL, \"/register\"), {\n headers: {\n 'Content-Type': 'application/json'\n },\n method: 'POST',\n body: JSON.stringify(payload)\n });\n }\n\n function resendVerify(email) {\n return fetcher(\"\".concat(baseURL, \"/verify\"), {\n method: 'POST',\n body: email\n });\n }\n\n return {\n fetchLandingPageData: fetchLandingPageData,\n register: register,\n resendVerify: resendVerify\n };\n}();\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./assets/js/components/floating-label.js": /*!************************************************!*\ !*** ./assets/js/components/floating-label.js ***! \************************************************/ /***/ ((__unused_webpack_module, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"floatingLabel\": () => (/* binding */ floatingLabel)\n/* harmony export */ });\nvar floatingLabel = function () {\n var init = function init() {\n document.querySelectorAll('.float-control').forEach(function (control) {\n control.addEventListener('focus', function () {\n this.parentNode.classList.add('focus');\n });\n control.addEventListener('blur', function () {\n this.parentNode.classList.remove('focus');\n });\n });\n initPasswordToggle();\n };\n\n var initPasswordToggle = function initPasswordToggle() {\n document.querySelector('#PasswordOn').addEventListener('click', function () {\n this.classList.add('hidden');\n document.querySelector('#PasswordOff').classList.remove('hidden');\n this.closest('.float-control-container').querySelector('input').setAttribute('type', 'text');\n });\n document.querySelector('#PasswordOff').addEventListener('click', function () {\n this.classList.add('hidden');\n document.querySelector('#PasswordOn').classList.remove('hidden');\n this.closest('.float-control-container').querySelector('input').setAttribute('type', 'password');\n });\n };\n\n return {\n init: init\n };\n}();\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./assets/js/components/signup-form/country-dropdown.js": /*!**************************************************************!*\ !*** ./assets/js/components/signup-form/country-dropdown.js ***! \**************************************************************/ /***/ ((__unused_webpack_module, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"initCountryDropdown\": () => (/* binding */ initCountryDropdown)\n/* harmony export */ });\n/* harmony import */ var _babel_runtime_helpers_toConsumableArray__WEBPACK_IMPORTED_MODULE_0__ = __webpack_require__(/*! @babel/runtime/helpers/toConsumableArray */ \"./node_modules/@babel/runtime/helpers/esm/toConsumableArray.js\");\n/* harmony import */ var _cakedefi_cake_sdk_assets_allowed_countries_en_json__WEBPACK_IMPORTED_MODULE_1__ = __webpack_require__(/*! @cakedefi/cake-sdk/assets/allowed-countries-en.json */ \"./node_modules/@cakedefi/cake-sdk/assets/allowed-countries-en.json\");\n\n\nfunction initCountryDropdown() {\n var options = [{\n label: \"\",\n value: \"\"\n }].concat((0,_babel_runtime_helpers_toConsumableArray__WEBPACK_IMPORTED_MODULE_0__.default)(_cakedefi_cake_sdk_assets_allowed_countries_en_json__WEBPACK_IMPORTED_MODULE_1__)).map(function (country) {\n return \"\").concat(country.label, \"\");\n });\n document.getElementById('CountrySelect').insertAdjacentHTML('beforeend', options);\n}\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./assets/js/components/signup-form/form-validation.js": /*!*************************************************************!*\ !*** ./assets/js/components/signup-form/form-validation.js ***! \*************************************************************/ /***/ ((__unused_webpack_module, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"isValidPromoCode\": () => (/* binding */ isValidPromoCode),\n/* harmony export */ \"initFormValidation\": () => (/* binding */ initFormValidation),\n/* harmony export */ \"setSubmitButton\": () => (/* binding */ setSubmitButton),\n/* harmony export */ \"isFormValid\": () => (/* binding */ isFormValid)\n/* harmony export */ });\n/* harmony import */ var _cakedefi_cake_sdk_util_isValidEmail__WEBPACK_IMPORTED_MODULE_0__ = __webpack_require__(/*! @cakedefi/cake-sdk/util/isValidEmail */ \"./node_modules/@cakedefi/cake-sdk/util/isValidEmail.js\");\n/* harmony import */ var _term_condition_checkbox__WEBPACK_IMPORTED_MODULE_1__ = __webpack_require__(/*! ./term-condition-checkbox */ \"./assets/js/components/signup-form/term-condition-checkbox.js\");\n/* harmony import */ var _utils_serialize_form_value__WEBPACK_IMPORTED_MODULE_2__ = __webpack_require__(/*! ../../utils/serialize-form-value */ \"./assets/js/utils/serialize-form-value.js\");\n\n\n\nvar MIN_PASSWORD_LENGTH = 12;\nvar MAX_PASSWORD_LENGTH = 128;\nvar MIN_NAME_LENGTH = 1;\nvar MAX_NAME_LENGTH = 30;\nfunction isValidPromoCode(value) {\n return new RegExp(/^[A-Z0-9]{6}$/).test(value);\n}\nvar validationMap = {\n firstName: {\n validate: function validate(value) {\n return value.length >= MIN_NAME_LENGTH && value.length = MIN_NAME_LENGTH && value.length = MIN_PASSWORD_LENGTH && value.length <= MAX_PASSWORD_LENGTH;\n },\n errorMsg: \"Password length must be at least 12 characters.\"\n },\n country: {\n validate: function validate(value) {\n return !!value;\n },\n errorMsg: \"Country is required.\"\n }\n};\nfunction initFormValidation() {\n ['firstName', 'lastName', 'email', 'password', 'country'].forEach(function (formField) {\n function onKeyUpValidation() {\n var formValue = (0,_utils_serialize_form_value__WEBPACK_IMPORTED_MODULE_2__.serializeFormValue)(document.getElementById(\"SignUpForm\").elements);\n var fieldValue = formValue[formField];\n var isValid = validationMap[formField].validate(fieldValue);\n var errorMsg = isValid ? '' : validationMap[formField].errorMsg;\n var floatContainer = this.closest(\".float-container\");\n var floatControlContainer = this.closest(\".float-control-container\");\n\n if (errorMsg) {\n floatControlContainer.classList.add(\"error\");\n\n if (!floatContainer.querySelector('label.error')) {\n floatContainer.insertAdjacentHTML('beforeend', \"\".concat(errorMsg, \"\"));\n }\n } else {\n var _floatContainer$query;\n\n floatControlContainer.classList.remove(\"error\");\n (_floatContainer$query = floatContainer.querySelector('label.error')) === null || _floatContainer$query === void 0 ? void 0 : _floatContainer$query.remove();\n }\n\n setSubmitButton();\n }\n\n ['keyup', 'change'].forEach(function (evt) {\n document.querySelector(\"#SignUpForm [name=\\\"\".concat(formField, \"\\\"]\")).addEventListener(evt, onKeyUpValidation);\n });\n });\n}\nfunction setSubmitButton() {\n document.getElementById('RegisterSubmitBtn').disabled = !isFormValid();\n}\nfunction isFormValid() {\n var reCaptchaToken = _term_condition_checkbox__WEBPACK_IMPORTED_MODULE_1__.termAndConditionCheckbox.getToken();\n\n if (!reCaptchaToken) {\n return false;\n }\n\n var formValue = (0,_utils_serialize_form_value__WEBPACK_IMPORTED_MODULE_2__.serializeFormValue)(document.getElementById(\"SignUpForm\").elements);\n var isValid = Object.keys(validationMap).every(function (key) {\n var fieldValue = formValue[key];\n\n if (!validationMap[key]) {\n return true;\n }\n\n return validationMap[key].validate(fieldValue);\n });\n return isValid;\n}\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./assets/js/components/signup-form/index.js": /*!***************************************************!*\ !*** ./assets/js/components/signup-form/index.js ***! \***************************************************/ /***/ ((__unused_webpack_module, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"signUpForm\": () => (/* binding */ signUpForm)\n/* harmony export */ });\n/* harmony import */ var _babel_runtime_helpers_asyncToGenerator__WEBPACK_IMPORTED_MODULE_0__ = __webpack_require__(/*! @babel/runtime/helpers/asyncToGenerator */ \"./node_modules/@babel/runtime/helpers/esm/asyncToGenerator.js\");\n/* harmony import */ var _babel_runtime_regenerator__WEBPACK_IMPORTED_MODULE_1__ = __webpack_require__(/*! @babel/runtime/regenerator */ \"./node_modules/@babel/runtime/regenerator/index.js\");\n/* harmony import */ var _babel_runtime_regenerator__WEBPACK_IMPORTED_MODULE_1___default = /*#__PURE__*/__webpack_require__.n(_babel_runtime_regenerator__WEBPACK_IMPORTED_MODULE_1__);\n/* harmony import */ var _shared_spinner__WEBPACK_IMPORTED_MODULE_2__ = __webpack_require__(/*! ../../shared/spinner */ \"./assets/js/shared/spinner.js\");\n/* harmony import */ var _utils_serialize_form_value__WEBPACK_IMPORTED_MODULE_3__ = __webpack_require__(/*! ../../utils/serialize-form-value */ \"./assets/js/utils/serialize-form-value.js\");\n/* harmony import */ var _utils_show_error_message_api__WEBPACK_IMPORTED_MODULE_4__ = __webpack_require__(/*! ../../utils/show-error-message-api */ \"./assets/js/utils/show-error-message-api.js\");\n/* harmony import */ var _api__WEBPACK_IMPORTED_MODULE_5__ = __webpack_require__(/*! ../api */ \"./assets/js/components/api.js\");\n/* harmony import */ var _floating_label__WEBPACK_IMPORTED_MODULE_6__ = __webpack_require__(/*! ../floating-label */ \"./assets/js/components/floating-label.js\");\n/* harmony import */ var _country_dropdown__WEBPACK_IMPORTED_MODULE_7__ = __webpack_require__(/*! ./country-dropdown */ \"./assets/js/components/signup-form/country-dropdown.js\");\n/* harmony import */ var _form_validation__WEBPACK_IMPORTED_MODULE_8__ = __webpack_require__(/*! ./form-validation */ \"./assets/js/components/signup-form/form-validation.js\");\n/* harmony import */ var _query_params__WEBPACK_IMPORTED_MODULE_9__ = __webpack_require__(/*! ./query-params */ \"./assets/js/components/signup-form/query-params.js\");\n/* harmony import */ var _resend_email_confirmation__WEBPACK_IMPORTED_MODULE_10__ = __webpack_require__(/*! ./resend-email-confirmation */ \"./assets/js/components/signup-form/resend-email-confirmation.js\");\n/* harmony import */ var _term_condition_checkbox__WEBPACK_IMPORTED_MODULE_11__ = __webpack_require__(/*! ./term-condition-checkbox */ \"./assets/js/components/signup-form/term-condition-checkbox.js\");\n\n\n\n\n\n\n\n\n\n\n\n\nvar signUpForm = function () {\n function init() {\n _query_params__WEBPACK_IMPORTED_MODULE_9__.init();\n (0,_country_dropdown__WEBPACK_IMPORTED_MODULE_7__.initCountryDropdown)();\n (0,_form_validation__WEBPACK_IMPORTED_MODULE_8__.initFormValidation)();\n _floating_label__WEBPACK_IMPORTED_MODULE_6__.floatingLabel.init();\n _term_condition_checkbox__WEBPACK_IMPORTED_MODULE_11__.termAndConditionCheckbox.init();\n handleOnSubmit();\n (0,_resend_email_confirmation__WEBPACK_IMPORTED_MODULE_10__.handleResendEmailConfirmation)();\n }\n\n function handleOnSubmit() {\n document.getElementById(\"SignUpForm\").addEventListener('submit', /*#__PURE__*/function () {\n var _ref = (0,_babel_runtime_helpers_asyncToGenerator__WEBPACK_IMPORTED_MODULE_0__.default)( /*#__PURE__*/_babel_runtime_regenerator__WEBPACK_IMPORTED_MODULE_1___default().mark(function _callee(event) {\n var reCaptchaToken, _serializeFormValue, firstName, lastName, email, password, country, _handleQueryParams$ge, utm_campaign, utm_medium, utm_source, promoCode, referredById, payloadValues, button, response;\n\n return _babel_runtime_regenerator__WEBPACK_IMPORTED_MODULE_1___default().wrap(function _callee$(_context) {\n while (1) {\n switch (_context.prev = {\n case 0:\n event.preventDefault();\n reCaptchaToken = _term_condition_checkbox__WEBPACK_IMPORTED_MODULE_11__.termAndConditionCheckbox.getToken();\n\n if ((0,_form_validation__WEBPACK_IMPORTED_MODULE_8__.isFormValid)()) {\n = 4;\n break;\n }\n\n return _context.abrupt(\"return\");\n\n case 4:\n _serializeFormValue = (0,_utils_serialize_form_value__WEBPACK_IMPORTED_MODULE_3__.serializeFormValue)(this.elements), firstName = _serializeFormValue.firstName, lastName = _serializeFormValue.lastName, email =, password = _serializeFormValue.password, country =;\n _handleQueryParams$ge = _query_params__WEBPACK_IMPORTED_MODULE_9__.getAllValues(), utm_campaign = _handleQueryParams$ge.utm_campaign, utm_medium = _handleQueryParams$ge.utm_medium, utm_source = _handleQueryParams$ge.utm_source, promoCode = _handleQueryParams$ge.promoCode, referredById = _handleQueryParams$ge.referredById;\n payloadValues = {\n email: email,\n password: password,\n firstName: firstName,\n lastName: lastName,\n country: country,\n 'g-recaptcha-response': reCaptchaToken,\n promoCode: promoCode || null,\n referredById: referredById || null,\n utm_source: utm_source,\n utm_medium: utm_medium,\n utm_campaign: utm_campaign,\n revealInfoToReferrer: false,\n learnAndEarnCode: null,\n currentLanguage: \"en\"\n };\n button = document.getElementById('RegisterSubmitBtn');\n button.disabled = true;\n _context.prev = 9;\n (0,_shared_spinner__WEBPACK_IMPORTED_MODULE_2__.showSpinner)();\n = 13;\n return _api__WEBPACK_IMPORTED_MODULE_5__.api.register(payloadValues);\n\n case 13:\n response = _context.sent;\n button.disabled = false;\n signUpSuccess(email);\n = 23;\n break;\n\n case 18:\n _context.prev = 18;\n _context.t0 = _context[\"catch\"](9);\n (0,_utils_show_error_message_api__WEBPACK_IMPORTED_MODULE_4__.showApiError)(_context.t0);\n _term_condition_checkbox__WEBPACK_IMPORTED_MODULE_11__.termAndConditionCheckbox.resetCaptcha();\n button.disabled = true;\n\n case 23:\n _context.prev = 23;\n (0,_shared_spinner__WEBPACK_IMPORTED_MODULE_2__.hideSpinner)();\n return _context.finish(23);\n\n case 26:\n case \"end\":\n return _context.stop();\n }\n }\n }, _callee, this, [[9, 18, 23, 26]]);\n }));\n\n return function (_x) {\n return _ref.apply(this, arguments);\n };\n }());\n }\n\n function signUpSuccess(email) {\n document.getElementById('SignUpFormContainer').classList.add('hidden');\n document.getElementById('ResendConfirmationEmail').textContent = email;\n document.getElementById('ResendConfirmationEmail').setAttribute('email', email);\n document.getElementById('ConfirmYourEmail').classList.remove('hidden');\n }\n\n return {\n init: init\n };\n}();\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./assets/js/components/signup-form/query-params.js": /*!**********************************************************!*\ !*** ./assets/js/components/signup-form/query-params.js ***! \**********************************************************/ /***/ ((__unused_webpack_module, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"setDataFromQueryParams\": () => (/* binding */ setDataFromQueryParams),\n/* harmony export */ \"getValueFromQueryParamsOrStorage\": () => (/* binding */ getValueFromQueryParamsOrStorage),\n/* harmony export */ \"getUtmInfos\": () => (/* binding */ getUtmInfos),\n/* harmony export */ \"getReferralAndPromoInfos\": () => (/* binding */ getReferralAndPromoInfos),\n/* harmony export */ \"setPromoCodeUI\": () => (/* binding */ setPromoCodeUI),\n/* harmony export */ \"init\": () => (/* binding */ init),\n/* harmony export */ \"getAllValues\": () => (/* binding */ getAllValues)\n/* harmony export */ });\n/* harmony import */ var _babel_runtime_helpers_defineProperty__WEBPACK_IMPORTED_MODULE_0__ = __webpack_require__(/*! @babel/runtime/helpers/defineProperty */ \"./node_modules/@babel/runtime/helpers/esm/defineProperty.js\");\n/* harmony import */ var _shared_storage__WEBPACK_IMPORTED_MODULE_1__ = __webpack_require__(/*! ../../shared/storage */ \"./assets/js/shared/storage.js\");\n/* harmony import */ var _utils_get_query_params__WEBPACK_IMPORTED_MODULE_2__ = __webpack_require__(/*! ../../utils/get-query-params */ \"./assets/js/utils/get-query-params.js\");\n/* harmony import */ var _shared_params_const__WEBPACK_IMPORTED_MODULE_3__ = __webpack_require__(/*! ../../shared/params-const */ \"./assets/js/shared/params-const.js\");\n\n\nfunction ownKeys(object, enumerableOnly) { var keys = Object.keys(object); if (Object.getOwnPropertySymbols) { var symbols = Object.getOwnPropertySymbols(object); if (enumerableOnly) { symbols = symbols.filter(function (sym) { return Object.getOwnPropertyDescriptor(object, sym).enumerable; }); } keys.push.apply(keys, symbols); } return keys; }\n\nfunction _objectSpread(target) { for (var i = 1; i { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"handleResendEmailConfirmation\": () => (/* binding */ handleResendEmailConfirmation)\n/* harmony export */ });\n/* harmony import */ var _babel_runtime_helpers_asyncToGenerator__WEBPACK_IMPORTED_MODULE_0__ = __webpack_require__(/*! @babel/runtime/helpers/asyncToGenerator */ \"./node_modules/@babel/runtime/helpers/esm/asyncToGenerator.js\");\n/* harmony import */ var _babel_runtime_regenerator__WEBPACK_IMPORTED_MODULE_1__ = __webpack_require__(/*! @babel/runtime/regenerator */ \"./node_modules/@babel/runtime/regenerator/index.js\");\n/* harmony import */ var _babel_runtime_regenerator__WEBPACK_IMPORTED_MODULE_1___default = /*#__PURE__*/__webpack_require__.n(_babel_runtime_regenerator__WEBPACK_IMPORTED_MODULE_1__);\n/* harmony import */ var _shared_alert__WEBPACK_IMPORTED_MODULE_2__ = __webpack_require__(/*! ../../shared/alert */ \"./assets/js/shared/alert.js\");\n/* harmony import */ var _api__WEBPACK_IMPORTED_MODULE_3__ = __webpack_require__(/*! ../api */ \"./assets/js/components/api.js\");\n/* harmony import */ var _utils_show_error_message_api__WEBPACK_IMPORTED_MODULE_4__ = __webpack_require__(/*! ../../utils/show-error-message-api */ \"./assets/js/utils/show-error-message-api.js\");\n/* harmony import */ var _shared_spinner__WEBPACK_IMPORTED_MODULE_5__ = __webpack_require__(/*! ../../shared/spinner */ \"./assets/js/shared/spinner.js\");\n\n\n\n\n\n\nfunction handleResendEmailConfirmation() {\n document.getElementById('ConfirmYourEmailForm').addEventListener('submit', /*#__PURE__*/function () {\n var _ref = (0,_babel_runtime_helpers_asyncToGenerator__WEBPACK_IMPORTED_MODULE_0__.default)( /*#__PURE__*/_babel_runtime_regenerator__WEBPACK_IMPORTED_MODULE_1___default().mark(function _callee(e) {\n var email, response;\n return _babel_runtime_regenerator__WEBPACK_IMPORTED_MODULE_1___default().wrap(function _callee$(_context) {\n while (1) {\n switch (_context.prev = {\n case 0:\n e.preventDefault();\n email = document.getElementById('ResendConfirmationEmail').getAttribute('email');\n _context.prev = 2;\n (0,_shared_spinner__WEBPACK_IMPORTED_MODULE_5__.showSpinner)();\n document.getElementById('ResendConfirmationEmailBtn').disabled = true;\n = 7;\n return _api__WEBPACK_IMPORTED_MODULE_3__.api.resendVerify(email);\n\n case 7:\n response = _context.sent;\n (0,_shared_alert__WEBPACK_IMPORTED_MODULE_2__.showSuccessAlert)('Verification email has been sent');\n = 14;\n break;\n\n case 11:\n _context.prev = 11;\n _context.t0 = _context[\"catch\"](2);\n (0,_utils_show_error_message_api__WEBPACK_IMPORTED_MODULE_4__.showApiError)(_context.t0);\n\n case 14:\n _context.prev = 14;\n document.getElementById('ResendConfirmationEmailBtn').disabled = false;\n (0,_shared_spinner__WEBPACK_IMPORTED_MODULE_5__.hideSpinner)();\n return _context.finish(14);\n\n case 18:\n case \"end\":\n return _context.stop();\n }\n }\n }, _callee, null, [[2, 11, 14, 18]]);\n }));\n\n return function (_x) {\n return _ref.apply(this, arguments);\n };\n }());\n}\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./assets/js/components/signup-form/term-condition-checkbox.js": /*!*********************************************************************!*\ !*** ./assets/js/components/signup-form/term-condition-checkbox.js ***! \*********************************************************************/ /***/ ((__unused_webpack_module, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"termAndConditionCheckbox\": () => (/* binding */ termAndConditionCheckbox)\n/* harmony export */ });\n/* harmony import */ var _form_validation__WEBPACK_IMPORTED_MODULE_0__ = __webpack_require__(/*! ./form-validation */ \"./assets/js/components/signup-form/form-validation.js\");\n\nvar termAndConditionCheckbox = function () {\n var reCaptchaToken;\n\n function init() {\n initReCAPTCHA();\n document.getElementById('TermConditionCheckbox').addEventListener('change', function () {\n if (this.checked) {\n grecaptcha.execute();\n } else {\n reCaptchaToken = null;\n }\n });\n }\n\n function initReCAPTCHA() {\n var verifyCaptcha = function verifyCaptcha(token) {\n reCaptchaToken = token;\n (0,_form_validation__WEBPACK_IMPORTED_MODULE_0__.setSubmitButton)();\n };\n\n window.verifyCaptcha = verifyCaptcha;\n }\n\n ;\n\n function resetCaptcha() {\n reCaptchaToken = null;\n document.getElementById('TermConditionCheckbox').checked = false;\n grecaptcha.reset();\n }\n\n return {\n init: init,\n getToken: function getToken() {\n return reCaptchaToken;\n },\n resetCaptcha: resetCaptcha\n };\n}();\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./assets/js/config/index.js": /*!***********************************!*\ !*** ./assets/js/config/index.js ***! \***********************************/ /***/ ((__unused_webpack_module, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"appConfig\": () => (/* binding */ appConfig)\n/* harmony export */ });\nvar appConfig = {\n API_ENDPOINT: \"\",\n RECAPTCHA_KEY: \"6LcDaLAeAAAAADeKbH94tsCMTFAppm-BCHNN1LAp\"\n};\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./assets/js/shared/alert.js": /*!***********************************!*\ !*** ./assets/js/shared/alert.js ***! \***********************************/ /***/ ((__unused_webpack_module, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"showAlert\": () => (/* binding */ showAlert),\n/* harmony export */ \"showSuccessAlert\": () => (/* binding */ showSuccessAlert),\n/* harmony export */ \"showErrorAlert\": () => (/* binding */ showErrorAlert)\n/* harmony export */ });\nvar timeoutRef;\nvar TIME_TO_SHOW_ALERT = 5000;\nfunction showAlert(type, message) {\n hideAlert(function () {\n var alert = document.querySelector('.cake-alert');\n alert.classList.add(type);\n alert.textContent = message;\n = 'block';\n });\n\n if (timeoutRef) {\n clearTimeout(timeoutRef);\n }\n\n timeoutRef = setTimeout(function () {\n hideAlert();\n }, TIME_TO_SHOW_ALERT);\n}\nfunction showSuccessAlert(message) {\n showAlert('success', message);\n}\nfunction showErrorAlert(message) {\n showAlert('error', message);\n}\n\nvar hideAlert = function hideAlert(func) {\n var alert = document.querySelector('.cake-alert');\n alert.classList.remove('success');\n alert.classList.remove('error');\n alert.innerHTML = '';\n func && func();\n};\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./assets/js/shared/params-const.js": /*!******************************************!*\ !*** ./assets/js/shared/params-const.js ***! \******************************************/ /***/ ((__unused_webpack_module, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"PROMO_CODE\": () => (/* binding */ PROMO_CODE),\n/* harmony export */ \"REFERRAL_CODE\": () => (/* binding */ REFERRAL_CODE),\n/* harmony export */ \"UTM_SOURCE\": () => (/* binding */ UTM_SOURCE),\n/* harmony export */ \"UTM_MEDIUM\": () => (/* binding */ UTM_MEDIUM),\n/* harmony export */ \"UTM_CAMPAIGN\": () => (/* binding */ UTM_CAMPAIGN)\n/* harmony export */ });\nvar PROMO_CODE = 'promo';\nvar REFERRAL_CODE = 'ref';\nvar UTM_SOURCE = 'utm_source';\nvar UTM_MEDIUM = 'utm_medium';\nvar UTM_CAMPAIGN = 'utm_campaign';\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./assets/js/shared/spinner.js": /*!*************************************!*\ !*** ./assets/js/shared/spinner.js ***! \*************************************/ /***/ ((__unused_webpack_module, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"showSpinner\": () => (/* binding */ showSpinner),\n/* harmony export */ \"hideSpinner\": () => (/* binding */ hideSpinner)\n/* harmony export */ });\nfunction showSpinner() {\n document.querySelector('.global-spinner').style.display = 'block';\n}\nfunction hideSpinner() {\n document.querySelector('.global-spinner').style.display = 'none';\n}\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./assets/js/shared/storage.js": /*!*************************************!*\ !*** ./assets/js/shared/storage.js ***! \*************************************/ /***/ ((__unused_webpack_module, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"SessionStorage\": () => (/* binding */ SessionStorage),\n/* harmony export */ \"storage\": () => (/* binding */ storage)\n/* harmony export */ });\n/* harmony import */ var _babel_runtime_helpers_classCallCheck__WEBPACK_IMPORTED_MODULE_0__ = __webpack_require__(/*! @babel/runtime/helpers/classCallCheck */ \"./node_modules/@babel/runtime/helpers/esm/classCallCheck.js\");\n/* harmony import */ var _babel_runtime_helpers_createClass__WEBPACK_IMPORTED_MODULE_1__ = __webpack_require__(/*! @babel/runtime/helpers/createClass */ \"./node_modules/@babel/runtime/helpers/esm/createClass.js\");\n/* harmony import */ var _babel_runtime_helpers_defineProperty__WEBPACK_IMPORTED_MODULE_2__ = __webpack_require__(/*! @babel/runtime/helpers/defineProperty */ \"./node_modules/@babel/runtime/helpers/esm/defineProperty.js\");\n\n\n\nvar SessionStorage = /*#__PURE__*/function () {\n function SessionStorage() {\n (0,_babel_runtime_helpers_classCallCheck__WEBPACK_IMPORTED_MODULE_0__.default)(this, SessionStorage);\n\n (0,_babel_runtime_helpers_defineProperty__WEBPACK_IMPORTED_MODULE_2__.default)(this, \"map\", void 0);\n\n = {};\n }\n\n (0,_babel_runtime_helpers_createClass__WEBPACK_IMPORTED_MODULE_1__.default)(SessionStorage, [{\n key: \"setItem\",\n value: function setItem(key, value) {\n[key] = value;\n }\n }, {\n key: \"getItem\",\n value: function getItem(key) {\n return[key];\n }\n }, {\n key: \"clear\",\n value: function clear() {\n = {};\n }\n }]);\n\n return SessionStorage;\n}();\n\nfunction getStorageImplementation() {\n try {\n return window.sessionStorage;\n } catch (e) {\n return new SessionStorage();\n }\n}\n\nvar storage = getStorageImplementation();\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./assets/js/utils/get-query-params.js": /*!*********************************************!*\ !*** ./assets/js/utils/get-query-params.js ***! \*********************************************/ /***/ ((__unused_webpack_module, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"getQueryParam\": () => (/* binding */ getQueryParam)\n/* harmony export */ });\nfunction getQueryParam(query) {\n try {\n var params = new URLSearchParams(;\n return params.get(query);\n } catch (error) {\n return null;\n }\n}\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./assets/js/utils/serialize-form-value.js": /*!*************************************************!*\ !*** ./assets/js/utils/serialize-form-value.js ***! \*************************************************/ /***/ ((__unused_webpack_module, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"serializeFormValue\": () => (/* binding */ serializeFormValue)\n/* harmony export */ });\nfunction serializeFormValue(elements) {\n var data = {};\n\n for (var i = 0; i { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"getErrorMessage\": () => (/* binding */ getErrorMessage),\n/* harmony export */ \"showApiError\": () => (/* binding */ showApiError)\n/* harmony export */ });\n/* harmony import */ var _shared_alert__WEBPACK_IMPORTED_MODULE_0__ = __webpack_require__(/*! ../shared/alert */ \"./assets/js/shared/alert.js\");\n\nvar DEFAULT_ERROR = 'Unexpected error';\nfunction getErrorMessage(err) {\n try {\n var _json$message;\n\n var json = JSON.parse(err);\n return (_json$message = json.message) !== null && _json$message !== void 0 ? _json$message : DEFAULT_ERROR;\n } catch (error) {\n return DEFAULT_ERROR;\n }\n}\nfunction showApiError(err) {\n var errorMessage = getErrorMessage(err);\n (0,_shared_alert__WEBPACK_IMPORTED_MODULE_0__.showErrorAlert)(errorMessage);\n}\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./node_modules/@babel/runtime/regenerator/index.js": /*!**********************************************************!*\ !*** ./node_modules/@babel/runtime/regenerator/index.js ***! \**********************************************************/ /***/ ((module, __unused_webpack_exports, __webpack_require__) => { eval("module.exports = __webpack_require__(/*! regenerator-runtime */ \"./node_modules/regenerator-runtime/runtime.js\");\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./node_modules/@cakedefi/cake-sdk/util/isValidEmail.js": /*!**************************************************************!*\ !*** ./node_modules/@cakedefi/cake-sdk/util/isValidEmail.js ***! \**************************************************************/ /***/ ((__unused_webpack_module, exports) => { "use strict"; eval("\n\nObject.defineProperty(exports, \"__esModule\", ({\n value: true\n}));\n\nfunction isValidEmail(email) {\n const emailRegEx = /^(([^()[\\]\\\\.,;:\\s@\"]+(\\.[^()[\\]\\\\.,;:\\s@\"]+)*)|(\".+\"))@((\\[[0-9]{1,3}\\.[0-9]{1,3}\\.[0-9]{1,3}\\.[0-9]{1,3}\\])|(([a-zA-Z\\-0-9]+\\.)+[a-zA-Z]{2,}))$/;\n return emailRegEx.test(String(email).toLowerCase());\n}\n\nexports.default = isValidEmail;\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./node_modules/regenerator-runtime/runtime.js": /*!*****************************************************!*\ !*** ./node_modules/regenerator-runtime/runtime.js ***! \*****************************************************/ /***/ ((module) => { eval("/**\n * Copyright (c) 2014-present, Facebook, Inc.\n *\n * This source code is licensed under the MIT license found in the\n * LICENSE file in the root directory of this source tree.\n */\nvar runtime = function (exports) {\n \"use strict\";\n\n var Op = Object.prototype;\n var hasOwn = Op.hasOwnProperty;\n var undefined; // More compressible than void 0.\n\n var $Symbol = typeof Symbol === \"function\" ? Symbol : {};\n var iteratorSymbol = $Symbol.iterator || \"@@iterator\";\n var asyncIteratorSymbol = $Symbol.asyncIterator || \"@@asyncIterator\";\n var toStringTagSymbol = $Symbol.toStringTag || \"@@toStringTag\";\n\n function define(obj, key, value) {\n Object.defineProperty(obj, key, {\n value: value,\n enumerable: true,\n configurable: true,\n writable: true\n });\n return obj[key];\n }\n\n try {\n // IE 8 has a broken Object.defineProperty that only works on DOM objects.\n define({}, \"\");\n } catch (err) {\n define = function (obj, key, value) {\n return obj[key] = value;\n };\n }\n\n function wrap(innerFn, outerFn, self, tryLocsList) {\n // If outerFn provided and outerFn.prototype is a Generator, then outerFn.prototype instanceof Generator.\n var protoGenerator = outerFn && outerFn.prototype instanceof Generator ? outerFn : Generator;\n var generator = Object.create(protoGenerator.prototype);\n var context = new Context(tryLocsList || []); // The ._invoke method unifies the implementations of the .next,\n // .throw, and .return methods.\n\n generator._invoke = makeInvokeMethod(innerFn, self, context);\n return generator;\n }\n\n exports.wrap = wrap; // Try/catch helper to minimize deoptimizations. Returns a completion\n // record like context.tryEntries[i].completion. This interface could\n // have been (and was previously) designed to take a closure to be\n // invoked without arguments, but in all the cases we care about we\n // already have an existing method we want to call, so there's no need\n // to create a new function object. We can even get away with assuming\n // the method takes exactly one argument, since that happens to be true\n // in every case, so we don't have to touch the arguments object. The\n // only additional allocation required is the completion record, which\n // has a stable shape and so hopefully should be cheap to allocate.\n\n function tryCatch(fn, obj, arg) {\n try {\n return {\n type: \"normal\",\n arg:, arg)\n };\n } catch (err) {\n return {\n type: \"throw\",\n arg: err\n };\n }\n }\n\n var GenStateSuspendedStart = \"suspendedStart\";\n var GenStateSuspendedYield = \"suspendedYield\";\n var GenStateExecuting = \"executing\";\n var GenStateCompleted = \"completed\"; // Returning this object from the innerFn has the same effect as\n // breaking out of the dispatch switch statement.\n\n var ContinueSentinel = {}; // Dummy constructor functions that we use as the .constructor and\n // .constructor.prototype properties for functions that return Generator\n // objects. For full spec compliance, you may wish to configure your\n // minifier not to mangle the names of these two functions.\n\n function Generator() {}\n\n function GeneratorFunction() {}\n\n function GeneratorFunctionPrototype() {} // This is a polyfill for %IteratorPrototype% for environments that\n // don't natively support it.\n\n\n var IteratorPrototype = {};\n define(IteratorPrototype, iteratorSymbol, function () {\n return this;\n });\n var getProto = Object.getPrototypeOf;\n var NativeIteratorPrototype = getProto && getProto(getProto(values([])));\n\n if (NativeIteratorPrototype && NativeIteratorPrototype !== Op &&, iteratorSymbol)) {\n // This environment has a native %IteratorPrototype%; use it instead\n // of the polyfill.\n IteratorPrototype = NativeIteratorPrototype;\n }\n\n var Gp = GeneratorFunctionPrototype.prototype = Generator.prototype = Object.create(IteratorPrototype);\n GeneratorFunction.prototype = GeneratorFunctionPrototype;\n define(Gp, \"constructor\", GeneratorFunctionPrototype);\n define(GeneratorFunctionPrototype, \"constructor\", GeneratorFunction);\n GeneratorFunction.displayName = define(GeneratorFunctionPrototype, toStringTagSymbol, \"GeneratorFunction\"); // Helper for defining the .next, .throw, and .return methods of the\n // Iterator interface in terms of a single ._invoke method.\n\n function defineIteratorMethods(prototype) {\n [\"next\", \"throw\", \"return\"].forEach(function (method) {\n define(prototype, method, function (arg) {\n return this._invoke(method, arg);\n });\n });\n }\n\n exports.isGeneratorFunction = function (genFun) {\n var ctor = typeof genFun === \"function\" && genFun.constructor;\n return ctor ? ctor === GeneratorFunction || // For the native GeneratorFunction constructor, the best we can\n // do is to check its .name property.\n (ctor.displayName || === \"GeneratorFunction\" : false;\n };\n\n exports.mark = function (genFun) {\n if (Object.setPrototypeOf) {\n Object.setPrototypeOf(genFun, GeneratorFunctionPrototype);\n } else {\n genFun.__proto__ = GeneratorFunctionPrototype;\n define(genFun, toStringTagSymbol, \"GeneratorFunction\");\n }\n\n genFun.prototype = Object.create(Gp);\n return genFun;\n }; // Within the body of any async function, `await x` is transformed to\n // `yield regeneratorRuntime.awrap(x)`, so that the runtime can test\n // `, \"__await\")` to determine if the yielded value is\n // meant to be awaited.\n\n\n exports.awrap = function (arg) {\n return {\n __await: arg\n };\n };\n\n function AsyncIterator(generator, PromiseImpl) {\n function invoke(method, arg, resolve, reject) {\n var record = tryCatch(generator[method], generator, arg);\n\n if (record.type === \"throw\") {\n reject(record.arg);\n } else {\n var result = record.arg;\n var value = result.value;\n\n if (value && typeof value === \"object\" &&, \"__await\")) {\n return PromiseImpl.resolve(value.__await).then(function (value) {\n invoke(\"next\", value, resolve, reject);\n }, function (err) {\n invoke(\"throw\", err, resolve, reject);\n });\n }\n\n return PromiseImpl.resolve(value).then(function (unwrapped) {\n // When a yielded Promise is resolved, its final value becomes\n // the .value of the Promise result for the\n // current iteration.\n result.value = unwrapped;\n resolve(result);\n }, function (error) {\n // If a rejected Promise was yielded, throw the rejection back\n // into the async generator function so it can be handled there.\n return invoke(\"throw\", error, resolve, reject);\n });\n }\n }\n\n var previousPromise;\n\n function enqueue(method, arg) {\n function callInvokeWithMethodAndArg() {\n return new PromiseImpl(function (resolve, reject) {\n invoke(method, arg, resolve, reject);\n });\n }\n\n return previousPromise = // If enqueue has been called before, then we want to wait until\n // all previous Promises have been resolved before calling invoke,\n // so that results are always delivered in the correct order. If\n // enqueue has not been called before, then it is important to\n // call invoke immediately, without waiting on a callback to fire,\n // so that the async generator function has the opportunity to do\n // any necessary setup in a predictable way. This predictability\n // is why the Promise constructor synchronously invokes its\n // executor callback, and why async functions synchronously\n // execute code before the first await. Since we implement simple\n // async functions in terms of async generators, it is especially\n // important to get this right, even though it requires care.\n previousPromise ? previousPromise.then(callInvokeWithMethodAndArg, // Avoid propagating failures to Promises returned by later\n // invocations of the iterator.\n callInvokeWithMethodAndArg) : callInvokeWithMethodAndArg();\n } // Define the unified helper method that is used to implement .next,\n // .throw, and .return (see defineIteratorMethods).\n\n\n this._invoke = enqueue;\n }\n\n defineIteratorMethods(AsyncIterator.prototype);\n define(AsyncIterator.prototype, asyncIteratorSymbol, function () {\n return this;\n });\n exports.AsyncIterator = AsyncIterator; // Note that simple async functions are implemented on top of\n // AsyncIterator objects; they just return a Promise for the value of\n // the final result produced by the iterator.\n\n exports.async = function (innerFn, outerFn, self, tryLocsList, PromiseImpl) {\n if (PromiseImpl === void 0) PromiseImpl = Promise;\n var iter = new AsyncIterator(wrap(innerFn, outerFn, self, tryLocsList), PromiseImpl);\n return exports.isGeneratorFunction(outerFn) ? iter // If outerFn is a generator, return the full iterator.\n : (result) {\n return result.done ? result.value :;\n });\n };\n\n function makeInvokeMethod(innerFn, self, context) {\n var state = GenStateSuspendedStart;\n return function invoke(method, arg) {\n if (state === GenStateExecuting) {\n throw new Error(\"Generator is already running\");\n }\n\n if (state === GenStateCompleted) {\n if (method === \"throw\") {\n throw arg;\n } // Be forgiving, per of the spec:\n //\n\n\n return doneResult();\n }\n\n context.method = method;\n context.arg = arg;\n\n while (true) {\n var delegate = context.delegate;\n\n if (delegate) {\n var delegateResult = maybeInvokeDelegate(delegate, context);\n\n if (delegateResult) {\n if (delegateResult === ContinueSentinel) continue;\n return delegateResult;\n }\n }\n\n if (context.method === \"next\") {\n // Setting context._sent for legacy support of Babel's\n // function.sent implementation.\n context.sent = context._sent = context.arg;\n } else if (context.method === \"throw\") {\n if (state === GenStateSuspendedStart) {\n state = GenStateCompleted;\n throw context.arg;\n }\n\n context.dispatchException(context.arg);\n } else if (context.method === \"return\") {\n context.abrupt(\"return\", context.arg);\n }\n\n state = GenStateExecuting;\n var record = tryCatch(innerFn, self, context);\n\n if (record.type === \"normal\") {\n // If an exception is thrown from innerFn, we leave state ===\n // GenStateExecuting and loop back for another invocation.\n state = context.done ? GenStateCompleted : GenStateSuspendedYield;\n\n if (record.arg === ContinueSentinel) {\n continue;\n }\n\n return {\n value: record.arg,\n done: context.done\n };\n } else if (record.type === \"throw\") {\n state = GenStateCompleted; // Dispatch the exception by looping back around to the\n // context.dispatchException(context.arg) call above.\n\n context.method = \"throw\";\n context.arg = record.arg;\n }\n }\n };\n } // Call delegate.iterator[context.method](context.arg) and handle the\n // result, either by returning a { value, done } result from the\n // delegate iterator, or by modifying context.method and context.arg,\n // setting context.delegate to null, and returning the ContinueSentinel.\n\n\n function maybeInvokeDelegate(delegate, context) {\n var method = delegate.iterator[context.method];\n\n if (method === undefined) {\n // A .throw or .return when the delegate iterator has no .throw\n // method always terminates the yield* loop.\n context.delegate = null;\n\n if (context.method === \"throw\") {\n // Note: [\"return\"] must be used for ES3 parsing compatibility.\n if (delegate.iterator[\"return\"]) {\n // If the delegate iterator has a return method, give it a\n // chance to clean up.\n context.method = \"return\";\n context.arg = undefined;\n maybeInvokeDelegate(delegate, context);\n\n if (context.method === \"throw\") {\n // If maybeInvokeDelegate(context) changed context.method from\n // \"return\" to \"throw\", let that override the TypeError below.\n return ContinueSentinel;\n }\n }\n\n context.method = \"throw\";\n context.arg = new TypeError(\"The iterator does not provide a 'throw' method\");\n }\n\n return ContinueSentinel;\n }\n\n var record = tryCatch(method, delegate.iterator, context.arg);\n\n if (record.type === \"throw\") {\n context.method = \"throw\";\n context.arg = record.arg;\n context.delegate = null;\n return ContinueSentinel;\n }\n\n var info = record.arg;\n\n if (!info) {\n context.method = \"throw\";\n context.arg = new TypeError(\"iterator result is not an object\");\n context.delegate = null;\n return ContinueSentinel;\n }\n\n if (info.done) {\n // Assign the result of the finished delegate to the temporary\n // variable specified by delegate.resultName (see delegateYield).\n context[delegate.resultName] = info.value; // Resume execution at the desired location (see delegateYield).\n\n = delegate.nextLoc; // If context.method was \"throw\" but the delegate handled the\n // exception, let the outer generator proceed normally. If\n // context.method was \"next\", forget context.arg since it has been\n // \"consumed\" by the delegate iterator. If context.method was\n // \"return\", allow the original .return call to continue in the\n // outer generator.\n\n if (context.method !== \"return\") {\n context.method = \"next\";\n context.arg = undefined;\n }\n } else {\n // Re-yield the result returned by the delegate method.\n return info;\n } // The delegate iterator is finished, so forget it and continue with\n // the outer generator.\n\n\n context.delegate = null;\n return ContinueSentinel;\n } // Define Generator.prototype.{next,throw,return} in terms of the\n // unified ._invoke helper method.\n\n\n defineIteratorMethods(Gp);\n define(Gp, toStringTagSymbol, \"Generator\"); // A Generator should always return itself as the iterator object when the\n // @@iterator function is called on it. Some browsers' implementations of the\n // iterator prototype chain incorrectly implement this, causing the Generator\n // object to not be returned from this call. This ensures that doesn't happen.\n // See for more details.\n\n define(Gp, iteratorSymbol, function () {\n return this;\n });\n define(Gp, \"toString\", function () {\n return \"[object Generator]\";\n });\n\n function pushTryEntry(locs) {\n var entry = {\n tryLoc: locs[0]\n };\n\n if (1 in locs) {\n entry.catchLoc = locs[1];\n }\n\n if (2 in locs) {\n entry.finallyLoc = locs[2];\n entry.afterLoc = locs[3];\n }\n\n this.tryEntries.push(entry);\n }\n\n function resetTryEntry(entry) {\n var record = entry.completion || {};\n record.type = \"normal\";\n delete record.arg;\n entry.completion = record;\n }\n\n function Context(tryLocsList) {\n // The root entry object (effectively a try statement without a catch\n // or a finally block) gives us a place to store values thrown from\n // locations where there is no enclosing try statement.\n this.tryEntries = [{\n tryLoc: \"root\"\n }];\n tryLocsList.forEach(pushTryEntry, this);\n this.reset(true);\n }\n\n exports.keys = function (object) {\n var keys = [];\n\n for (var key in object) {\n keys.push(key);\n }\n\n keys.reverse(); // Rather than returning an object with a next method, we keep\n // things simple and return the next function itself.\n\n return function next() {\n while (keys.length) {\n var key = keys.pop();\n\n if (key in object) {\n next.value = key;\n next.done = false;\n return next;\n }\n } // To avoid creating an additional object, we just hang the .value\n // and .done properties off the next function object itself. This\n // also ensures that the minifier will not anonymize the function.\n\n\n next.done = true;\n return next;\n };\n };\n\n function values(iterable) {\n if (iterable) {\n var iteratorMethod = iterable[iteratorSymbol];\n\n if (iteratorMethod) {\n return;\n }\n\n if (typeof === \"function\") {\n return iterable;\n }\n\n if (!isNaN(iterable.length)) {\n var i = -1,\n next = function next() {\n while (++i = 0; --i) {\n var entry = this.tryEntries[i];\n var record = entry.completion;\n\n if (entry.tryLoc === \"root\") {\n // Exception thrown outside of any try block that could handle\n // it, so set the completion value of the entire function to\n // throw the exception.\n return handle(\"end\");\n }\n\n if (entry.tryLoc <= this.prev) {\n var hasCatch =, \"catchLoc\");\n var hasFinally =, \"finallyLoc\");\n\n if (hasCatch && hasFinally) {\n if (this.prev < entry.catchLoc) {\n return handle(entry.catchLoc, true);\n } else if (this.prev < entry.finallyLoc) {\n return handle(entry.finallyLoc);\n }\n } else if (hasCatch) {\n if (this.prev < entry.catchLoc) {\n return handle(entry.catchLoc, true);\n }\n } else if (hasFinally) {\n if (this.prev = 0; --i) {\n var entry = this.tryEntries[i];\n\n if (entry.tryLoc <= this.prev &&, \"finallyLoc\") && this.prev < entry.finallyLoc) {\n var finallyEntry = entry;\n break;\n }\n }\n\n if (finallyEntry && (type === \"break\" || type === \"continue\") && finallyEntry.tryLoc <= arg && arg = 0; --i) {\n var entry = this.tryEntries[i];\n\n if (entry.finallyLoc === finallyLoc) {\n this.complete(entry.completion, entry.afterLoc);\n resetTryEntry(entry);\n return ContinueSentinel;\n }\n }\n },\n \"catch\": function (tryLoc) {\n for (var i = this.tryEntries.length - 1; i >= 0; --i) {\n var entry = this.tryEntries[i];\n\n if (entry.tryLoc === tryLoc) {\n var record = entry.completion;\n\n if (record.type === \"throw\") {\n var thrown = record.arg;\n resetTryEntry(entry);\n }\n\n return thrown;\n }\n } // The context.catch method must only be called with a location\n // argument that corresponds to a known catch block.\n\n\n throw new Error(\"illegal catch attempt\");\n },\n delegateYield: function (iterable, resultName, nextLoc) {\n this.delegate = {\n iterator: values(iterable),\n resultName: resultName,\n nextLoc: nextLoc\n };\n\n if (this.method === \"next\") {\n // Deliberately forget the last sent value so that we don't\n // accidentally pass it on to the delegate.\n this.arg = undefined;\n }\n\n return ContinueSentinel;\n }\n }; // Regardless of whether this script is executing as a CommonJS module\n // or not, return the runtime object so that we can declare the variable\n // regeneratorRuntime in the outer scope, which allows this module to be\n // injected easily by `bin/regenerator --include-runtime script.js`.\n\n return exports;\n}( // If this script is executing as a CommonJS module, use module.exports\n// as the regeneratorRuntime namespace. Otherwise create a new empty\n// object. Either way, the resulting object will be used to initialize\n// the regeneratorRuntime variable at the top of this file.\n true ? module.exports : 0);\n\ntry {\n regeneratorRuntime = runtime;\n} catch (accidentalStrictMode) {\n // This module should not be running in strict mode, so the above\n // assignment should always work unless something is misconfigured. Just\n // in case runtime.js accidentally runs in strict mode, in modern engines\n // we can explicitly access globalThis. In older engines we can escape\n // strict mode using a global Function call. This could conceivably fail\n // if a Content Security Policy forbids using Function, but in that case\n // the proper solution is to fix the accidental strict mode problem. If\n // you've misconfigured your bundler to force strict mode and applied a\n // CSP to forbid Function, and you're not willing to fix either of those\n // problems, please detail your unique predicament in a GitHub issue.\n if (typeof globalThis === \"object\") {\n globalThis.regeneratorRuntime = runtime;\n } else {\n Function(\"r\", \"regeneratorRuntime = r\")(runtime);\n }\n}\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./plain-sign-up/main.js": /*!*******************************!*\ !*** ./plain-sign-up/main.js ***! \*******************************/ /***/ ((__unused_webpack_module, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony import */ var _assets_js_components_signup_form__WEBPACK_IMPORTED_MODULE_0__ = __webpack_require__(/*! ../assets/js/components/signup-form */ \"./assets/js/components/signup-form/index.js\");\n\n\nfunction initModal() {\n var _document$querySelect, _document$querySelect2;\n\n (_document$querySelect = document.querySelector(\".btn-open-modal\")) === null || _document$querySelect === void 0 ? void 0 : _document$querySelect.addEventListener('click', function (e) {\n var target = this.getAttribute('data-target');\n document.getElementById(target).classList.add(\"in\");\n });\n (_document$querySelect2 = document.querySelector(\".modal\")) === null || _document$querySelect2 === void 0 ? void 0 : _document$querySelect2.addEventListener('click', function (e) {\n if ( !== this) return;\n this.classList.remove(\"in\");\n });\n}\n\nfunction moveFixedElementsToBody() {\n if (document.getElementById('GlobalAlert')) {\n document.body.appendChild(document.getElementById('GlobalAlert'));\n }\n\n if (document.getElementById('GlobalSpinner')) {\n document.body.appendChild(document.getElementById('GlobalSpinner'));\n }\n}\n\n(function () {\n _assets_js_components_signup_form__WEBPACK_IMPORTED_MODULE_0__.signUpForm.init();\n moveFixedElementsToBody();\n initModal();\n})();\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./node_modules/@babel/runtime/helpers/esm/arrayLikeToArray.js": /*!*********************************************************************!*\ !*** ./node_modules/@babel/runtime/helpers/esm/arrayLikeToArray.js ***! \*********************************************************************/ /***/ ((__unused_webpack___webpack_module__, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"default\": () => (/* binding */ _arrayLikeToArray)\n/* harmony export */ });\nfunction _arrayLikeToArray(arr, len) {\n if (len == null || len > arr.length) len = arr.length;\n\n for (var i = 0, arr2 = new Array(len); i { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"default\": () => (/* binding */ _arrayWithoutHoles)\n/* harmony export */ });\n/* harmony import */ var _arrayLikeToArray_js__WEBPACK_IMPORTED_MODULE_0__ = __webpack_require__(/*! ./arrayLikeToArray.js */ \"./node_modules/@babel/runtime/helpers/esm/arrayLikeToArray.js\");\n\nfunction _arrayWithoutHoles(arr) {\n if (Array.isArray(arr)) return (0,_arrayLikeToArray_js__WEBPACK_IMPORTED_MODULE_0__.default)(arr);\n}\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./node_modules/@babel/runtime/helpers/esm/asyncToGenerator.js": /*!*********************************************************************!*\ !*** ./node_modules/@babel/runtime/helpers/esm/asyncToGenerator.js ***! \*********************************************************************/ /***/ ((__unused_webpack___webpack_module__, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"default\": () => (/* binding */ _asyncToGenerator)\n/* harmony export */ });\nfunction asyncGeneratorStep(gen, resolve, reject, _next, _throw, key, arg) {\n try {\n var info = gen[key](arg);\n var value = info.value;\n } catch (error) {\n reject(error);\n return;\n }\n\n if (info.done) {\n resolve(value);\n } else {\n Promise.resolve(value).then(_next, _throw);\n }\n}\n\nfunction _asyncToGenerator(fn) {\n return function () {\n var self = this,\n args = arguments;\n return new Promise(function (resolve, reject) {\n var gen = fn.apply(self, args);\n\n function _next(value) {\n asyncGeneratorStep(gen, resolve, reject, _next, _throw, \"next\", value);\n }\n\n function _throw(err) {\n asyncGeneratorStep(gen, resolve, reject, _next, _throw, \"throw\", err);\n }\n\n _next(undefined);\n });\n };\n}\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./node_modules/@babel/runtime/helpers/esm/classCallCheck.js": /*!*******************************************************************!*\ !*** ./node_modules/@babel/runtime/helpers/esm/classCallCheck.js ***! \*******************************************************************/ /***/ ((__unused_webpack___webpack_module__, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"default\": () => (/* binding */ _classCallCheck)\n/* harmony export */ });\nfunction _classCallCheck(instance, Constructor) {\n if (!(instance instanceof Constructor)) {\n throw new TypeError(\"Cannot call a class as a function\");\n }\n}\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./node_modules/@babel/runtime/helpers/esm/createClass.js": /*!****************************************************************!*\ !*** ./node_modules/@babel/runtime/helpers/esm/createClass.js ***! \****************************************************************/ /***/ ((__unused_webpack___webpack_module__, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"default\": () => (/* binding */ _createClass)\n/* harmony export */ });\nfunction _defineProperties(target, props) {\n for (var i = 0; i { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"default\": () => (/* binding */ _defineProperty)\n/* harmony export */ });\nfunction _defineProperty(obj, key, value) {\n if (key in obj) {\n Object.defineProperty(obj, key, {\n value: value,\n enumerable: true,\n configurable: true,\n writable: true\n });\n } else {\n obj[key] = value;\n }\n\n return obj;\n}\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./node_modules/@babel/runtime/helpers/esm/iterableToArray.js": /*!********************************************************************!*\ !*** ./node_modules/@babel/runtime/helpers/esm/iterableToArray.js ***! \********************************************************************/ /***/ ((__unused_webpack___webpack_module__, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"default\": () => (/* binding */ _iterableToArray)\n/* harmony export */ });\nfunction _iterableToArray(iter) {\n if (typeof Symbol !== \"undefined\" && iter[Symbol.iterator] != null || iter[\"@@iterator\"] != null) return Array.from(iter);\n}\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./node_modules/@babel/runtime/helpers/esm/nonIterableSpread.js": /*!**********************************************************************!*\ !*** ./node_modules/@babel/runtime/helpers/esm/nonIterableSpread.js ***! \**********************************************************************/ /***/ ((__unused_webpack___webpack_module__, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"default\": () => (/* binding */ _nonIterableSpread)\n/* harmony export */ });\nfunction _nonIterableSpread() {\n throw new TypeError(\"Invalid attempt to spread non-iterable instance.\\nIn order to be iterable, non-array objects must have a [Symbol.iterator]() method.\");\n}\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./node_modules/@babel/runtime/helpers/esm/toConsumableArray.js": /*!**********************************************************************!*\ !*** ./node_modules/@babel/runtime/helpers/esm/toConsumableArray.js ***! \**********************************************************************/ /***/ ((__unused_webpack___webpack_module__, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"default\": () => (/* binding */ _toConsumableArray)\n/* harmony export */ });\n/* harmony import */ var _arrayWithoutHoles_js__WEBPACK_IMPORTED_MODULE_0__ = __webpack_require__(/*! ./arrayWithoutHoles.js */ \"./node_modules/@babel/runtime/helpers/esm/arrayWithoutHoles.js\");\n/* harmony import */ var _iterableToArray_js__WEBPACK_IMPORTED_MODULE_1__ = __webpack_require__(/*! ./iterableToArray.js */ \"./node_modules/@babel/runtime/helpers/esm/iterableToArray.js\");\n/* harmony import */ var _unsupportedIterableToArray_js__WEBPACK_IMPORTED_MODULE_2__ = __webpack_require__(/*! ./unsupportedIterableToArray.js */ \"./node_modules/@babel/runtime/helpers/esm/unsupportedIterableToArray.js\");\n/* harmony import */ var _nonIterableSpread_js__WEBPACK_IMPORTED_MODULE_3__ = __webpack_require__(/*! ./nonIterableSpread.js */ \"./node_modules/@babel/runtime/helpers/esm/nonIterableSpread.js\");\n\n\n\n\nfunction _toConsumableArray(arr) {\n return (0,_arrayWithoutHoles_js__WEBPACK_IMPORTED_MODULE_0__.default)(arr) || (0,_iterableToArray_js__WEBPACK_IMPORTED_MODULE_1__.default)(arr) || (0,_unsupportedIterableToArray_js__WEBPACK_IMPORTED_MODULE_2__.default)(arr) || (0,_nonIterableSpread_js__WEBPACK_IMPORTED_MODULE_3__.default)();\n}\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./node_modules/@babel/runtime/helpers/esm/unsupportedIterableToArray.js": /*!*******************************************************************************!*\ !*** ./node_modules/@babel/runtime/helpers/esm/unsupportedIterableToArray.js ***! \*******************************************************************************/ /***/ ((__unused_webpack___webpack_module__, __webpack_exports__, __webpack_require__) => { "use strict"; eval("__webpack_require__.r(__webpack_exports__);\n/* harmony export */ __webpack_require__.d(__webpack_exports__, {\n/* harmony export */ \"default\": () => (/* binding */ _unsupportedIterableToArray)\n/* harmony export */ });\n/* harmony import */ var _arrayLikeToArray_js__WEBPACK_IMPORTED_MODULE_0__ = __webpack_require__(/*! ./arrayLikeToArray.js */ \"./node_modules/@babel/runtime/helpers/esm/arrayLikeToArray.js\");\n\nfunction _unsupportedIterableToArray(o, minLen) {\n if (!o) return;\n if (typeof o === \"string\") return (0,_arrayLikeToArray_js__WEBPACK_IMPORTED_MODULE_0__.default)(o, minLen);\n var n =, -1);\n if (n === \"Object\" && o.constructor) n =;\n if (n === \"Map\" || n === \"Set\") return Array.from(o);\n if (n === \"Arguments\" || /^(?:Ui|I)nt(?:8|16|32)(?:Clamped)?Array$/.test(n)) return (0,_arrayLikeToArray_js__WEBPACK_IMPORTED_MODULE_0__.default)(o, minLen);\n}\n\n//# sourceURL=webpack://"); /***/ }), /***/ "./node_modules/@cakedefi/cake-sdk/assets/allowed-countries-en.json": /*!**************************************************************************!*\ !*** ./node_modules/@cakedefi/cake-sdk/assets/allowed-countries-en.json ***! \**************************************************************************/ /***/ ((module) => { "use strict"; eval("module.exports = JSON.parse('[{\"label\":\"Albania\",\"value\":\"AL\"},{\"label\":\"Algeria\",\"value\":\"DZ\"},{\"label\":\"Andorra\",\"value\":\"AD\"},{\"label\":\"Angola\",\"value\":\"AO\"},{\"label\":\"Anguilla\",\"value\":\"AI\"},{\"label\":\"Antigua & Barbuda\",\"value\":\"AG\"},{\"label\":\"Argentina\",\"value\":\"AR\"},{\"label\":\"Armenia\",\"value\":\"AM\"},{\"label\":\"Aruba\",\"value\":\"AW\"},{\"label\":\"Australia\",\"value\":\"AU\"},{\"label\":\"Austria\",\"value\":\"AT\"},{\"label\":\"Azerbaijan\",\"value\":\"AZ\"},{\"label\":\"Bahrain\",\"value\":\"BH\"},{\"label\":\"Barbados\",\"value\":\"BB\"},{\"label\":\"Belgium\",\"value\":\"BE\"},{\"label\":\"Belize\",\"value\":\"BZ\"},{\"label\":\"Benin\",\"value\":\"BJ\"},{\"label\":\"Bermuda\",\"value\":\"BM\"},{\"label\":\"Bhutan\",\"value\":\"BT\"},{\"label\":\"Bolivia\",\"value\":\"BO\"},{\"label\":\"Bosnia & Herzegovina\",\"value\":\"BA\"},{\"label\":\"Brazil\",\"value\":\"BR\"},{\"label\":\"British Virgin Is.\",\"value\":\"VG\"},{\"label\":\"Brunei\",\"value\":\"BN\"},{\"label\":\"Bulgaria\",\"value\":\"BG\"},{\"label\":\"Burkina Faso\",\"value\":\"BF\"},{\"label\":\"Cambodia\",\"value\":\"KH\"},{\"label\":\"Cameroon\",\"value\":\"CM\"},{\"label\":\"Canada\",\"value\":\"CA\"},{\"label\":\"Cape Verde\",\"value\":\"CV\"},{\"label\":\"Cayman Islands\",\"value\":\"KY\"},{\"label\":\"Chad\",\"value\":\"TD\"},{\"label\":\"Chile\",\"value\":\"CL\"},{\"label\":\"China\",\"value\":\"CN\"},{\"label\":\"Colombia\",\"value\":\"CO\"},{\"label\":\"Comoros\",\"value\":\"KM\"},{\"label\":\"Congo, Repub. of the\",\"value\":\"CG\"},{\"label\":\"Cook Islands\",\"value\":\"CK\"},{\"label\":\"Costa Rica\",\"value\":\"CR\"},{\"label\":\"Cote d\\'Ivoire\",\"value\":\"CI\"},{\"label\":\"Croatia\",\"value\":\"HR\"},{\"label\":\"Cyprus\",\"value\":\"CY\"},{\"label\":\"Czech Republic\",\"value\":\"CZ\"},{\"label\":\"Denmark\",\"value\":\"DK\"},{\"label\":\"Djibouti\",\"value\":\"DJ\"},{\"label\":\"Dominica\",\"value\":\"DM\"},{\"label\":\"Dominican Republic\",\"value\":\"DO\"},{\"label\":\"East Timor\",\"value\":\"TL\"},{\"label\":\"Ecuador\",\"value\":\"EC\"},{\"label\":\"Egypt\",\"value\":\"EG\"},{\"label\":\"El Salvador\",\"value\":\"SV\"},{\"label\":\"Equatorial Guinea\",\"value\":\"GQ\"},{\"label\":\"Eritrea\",\"value\":\"ER\"},{\"label\":\"Estonia\",\"value\":\"EE\"},{\"label\":\"Faroe Islands\",\"value\":\"FO\"},{\"label\":\"Fiji\",\"value\":\"FJ\"},{\"label\":\"Finland\",\"value\":\"FI\"},{\"label\":\"France\",\"value\":\"FR\"},{\"label\":\"French Guiana\",\"value\":\"GF\"},{\"label\":\"French Polynesia\",\"value\":\"PF\"},{\"label\":\"Gabon\",\"value\":\"GA\"},{\"label\":\"Gambia\",\"value\":\"GM\"},{\"label\":\"Georgia\",\"value\":\"GE\"},{\"label\":\"Germany\",\"value\":\"DE\"},{\"label\":\"Gibraltar\",\"value\":\"GI\"},{\"label\":\"Greece\",\"value\":\"GR\"},{\"label\":\"Greenland\",\"value\":\"GL\"},{\"label\":\"Grenada\",\"value\":\"GD\"},{\"label\":\"Guadeloupe\",\"value\":\"GP\"},{\"label\":\"Guatemala\",\"value\":\"GT\"},{\"label\":\"Guernsey\",\"value\":\"GG\"},{\"label\":\"Guinea\",\"value\":\"GN\"},{\"label\":\"Guinea-Bissau\",\"value\":\"GW\"},{\"label\":\"Guyana\",\"value\":\"GY\"},{\"label\":\"Haiti\",\"value\":\"HT\"},{\"label\":\"Honduras\",\"value\":\"HN\"},{\"label\":\"Hong Kong\",\"value\":\"HK\"},{\"label\":\"Hungary\",\"value\":\"HU\"},{\"label\":\"Iceland\",\"value\":\"IS\"},{\"label\":\"Indonesia\",\"value\":\"ID\"},{\"label\":\"Ireland\",\"value\":\"IE\"},{\"label\":\"Isle of Man\",\"value\":\"IM\"},{\"label\":\"Israel\",\"value\":\"IL\"},{\"label\":\"Italy\",\"value\":\"IT\"},{\"label\":\"Jamaica\",\"value\":\"JM\"},{\"label\":\"Japan\",\"value\":\"JP\"},{\"label\":\"Jersey\",\"value\":\"JE\"},{\"label\":\"Jordan\",\"value\":\"JO\"},{\"label\":\"Kazakhstan\",\"value\":\"KZ\"},{\"label\":\"Kenya\",\"value\":\"KE\"},{\"label\":\"Kiribati\",\"value\":\"KI\"},{\"label\":\"Korea, South\",\"value\":\"KR\"},{\"label\":\"Kuwait\",\"value\":\"KW\"},{\"label\":\"Kyrgyzstan\",\"value\":\"KG\"},{\"label\":\"Laos\",\"value\":\"LA\"},{\"label\":\"Latvia\",\"value\":\"LV\"},{\"label\":\"Lesotho\",\"value\":\"LS\"},{\"label\":\"Liberia\",\"value\":\"LR\"},{\"label\":\"Liechtenstein\",\"value\":\"LI\"},{\"label\":\"Lithuania\",\"value\":\"LT\"},{\"label\":\"Luxembourg\",\"value\":\"LU\"},{\"label\":\"Macau\",\"value\":\"MO\"},{\"label\":\"North Macedonia\",\"value\":\"MK\"},{\"label\":\"Madagascar\",\"value\":\"MG\"},{\"label\":\"Malawi\",\"value\":\"MW\"},{\"label\":\"Malaysia\",\"value\":\"MY\"},{\"label\":\"Maldives\",\"value\":\"MV\"},{\"label\":\"Malta\",\"value\":\"MT\"},{\"label\":\"Marshall Islands\",\"value\":\"MH\"},{\"label\":\"Martinique\",\"value\":\"MQ\"},{\"label\":\"Mauritania\",\"value\":\"MR\"},{\"label\":\"Mauritius\",\"value\":\"MU\"},{\"label\":\"Mayotte\",\"value\":\"YT\"},{\"label\":\"Mexico\",\"value\":\"MX\"},{\"label\":\"Micronesia, Fed. St.\",\"value\":\"FM\"},{\"label\":\"Moldova\",\"value\":\"MD\"},{\"label\":\"Monaco\",\"value\":\"MC\"},{\"label\":\"Mongolia\",\"value\":\"MN\"},{\"label\":\"Montserrat\",\"value\":\"MS\"},{\"label\":\"Morocco\",\"value\":\"MA\"},{\"label\":\"Mozambique\",\"value\":\"MZ\"},{\"label\":\"Myanmar\",\"value\":\"MM\"},{\"label\":\"Namibia\",\"value\":\"NA\"},{\"label\":\"Nauru\",\"value\":\"NR\"},{\"label\":\"Nepal\",\"value\":\"NP\"},{\"label\":\"Netherlands\",\"value\":\"NL\"},{\"label\":\"Netherlands Antilles\",\"value\":\"AN\"},{\"label\":\"New Caledonia\",\"value\":\"NC\"},{\"label\":\"New Zealand\",\"value\":\"NZ\"},{\"label\":\"Niger\",\"value\":\"NE\"},{\"label\":\"Nigeria\",\"value\":\"NG\"},{\"label\":\"N. Mariana Islands\",\"value\":\"MP\"},{\"label\":\"Norway\",\"value\":\"NO\"},{\"label\":\"Oman\",\"value\":\"OM\"},{\"label\":\"Palau\",\"value\":\"PW\"},{\"label\":\"Palestine\",\"value\":\"PS\"},{\"label\":\"Papua New Guinea\",\"value\":\"PG\"},{\"label\":\"Paraguay\",\"value\":\"PY\"},{\"label\":\"Peru\",\"value\":\"PE\"},{\"label\":\"Philippines\",\"value\":\"PH\"},{\"label\":\"Poland\",\"value\":\"PL\"},{\"label\":\"Portugal\",\"value\":\"PT\"},{\"label\":\"Qatar\",\"value\":\"QA\"},{\"label\":\"Reunion\",\"value\":\"RE\"},{\"label\":\"Romania\",\"value\":\"RO\"},{\"label\":\"Rwanda\",\"value\":\"RW\"},{\"label\":\"Saint Helena\",\"value\":\"SH\"},{\"label\":\"Saint Kitts & Nevis\",\"value\":\"KN\"},{\"label\":\"Saint Lucia\",\"value\":\"LC\"},{\"label\":\"St Pierre & Miquelon\",\"value\":\"PM\"},{\"label\":\"Saint Vincent and the Grenadines\",\"value\":\"VC\"},{\"label\":\"San Marino\",\"value\":\"SM\"},{\"label\":\"Sao Tome & Principe\",\"value\":\"ST\"},{\"label\":\"Senegal\",\"value\":\"SN\"},{\"label\":\"Serbia\",\"value\":\"RS\"},{\"label\":\"Seychelles\",\"value\":\"SC\"},{\"label\":\"Sierra Leone\",\"value\":\"SL\"},{\"label\":\"Singapore\",\"value\":\"SG\"},{\"label\":\"Slovakia\",\"value\":\"SK\"},{\"label\":\"Slovenia\",\"value\":\"SI\"},{\"label\":\"Solomon Islands\",\"value\":\"SB\"},{\"label\":\"South Africa\",\"value\":\"ZA\"},{\"label\":\"Spain\",\"value\":\"ES\"},{\"label\":\"Suriname\",\"value\":\"SR\"},{\"label\":\"Swaziland\",\"value\":\"SZ\"},{\"label\":\"Sweden\",\"value\":\"SE\"},{\"label\":\"Switzerland\",\"value\":\"CH\"},{\"label\":\"Taiwan\",\"value\":\"TW\"},{\"label\":\"Tajikistan\",\"value\":\"TJ\"},{\"label\":\"Tanzania\",\"value\":\"TZ\"},{\"label\":\"Thailand\",\"value\":\"TH\"},{\"label\":\"Togo\",\"value\":\"TG\"},{\"label\":\"Tonga\",\"value\":\"TO\"},{\"label\":\"Turkey\",\"value\":\"TR\"},{\"label\":\"Turkmenistan\",\"value\":\"TM\"},{\"label\":\"Turks & Caicos Is\",\"value\":\"TC\"},{\"label\":\"Tuvalu\",\"value\":\"TV\"},{\"label\":\"Uganda\",\"value\":\"UG\"},{\"label\":\"United Arab Emirates\",\"value\":\"AE\"},{\"label\":\"United Kingdom\",\"value\":\"GB\"},{\"label\":\"United States\",\"value\":\"US\"},{\"label\":\"Uruguay\",\"value\":\"UY\"},{\"label\":\"Uzbekistan\",\"value\":\"UZ\"},{\"label\":\"Vanuatu\",\"value\":\"VU\"},{\"label\":\"Wallis and Futuna\",\"value\":\"WF\"},{\"label\":\"Western Sahara\",\"value\":\"EH\"},{\"label\":\"Zambia\",\"value\":\"ZM\"}]');\n\n//# sourceURL=webpack://"); /***/ }) /******/ }); /************************************************************************/ /******/ // The module cache /******/ var __webpack_module_cache__ = {}; /******/ /******/ // The require function /******/ function __webpack_require__(moduleId) { /******/ // Check if module is in cache /******/ var cachedModule = __webpack_module_cache__[moduleId]; /******/ if (cachedModule !== undefined) { /******/ return cachedModule.exports; /******/ } /******/ // Create a new module (and put it into the cache) /******/ var module = __webpack_module_cache__[moduleId] = { /******/ // no needed /******/ // no module.loaded needed /******/ exports: {} /******/ }; /******/ /******/ // Execute the module function /******/ __webpack_modules__[moduleId](module, module.exports, __webpack_require__); /******/ /******/ // Return the exports of the module /******/ return module.exports; /******/ } /******/ /************************************************************************/ /******/ /* webpack/runtime/compat get default export */ /******/ (() => { /******/ // getDefaultExport function for compatibility with non-harmony modules /******/ __webpack_require__.n = (module) => { /******/ var getter = module && module.__esModule ? /******/ () => (module['default']) : /******/ () => (module); /******/ __webpack_require__.d(getter, { a: getter }); /******/ return getter; /******/ }; /******/ })(); /******/ /******/ /* webpack/runtime/define property getters */ /******/ (() => { /******/ // define getter functions for harmony exports /******/ __webpack_require__.d = (exports, definition) => { /******/ for(var key in definition) { /******/ if(__webpack_require__.o(definition, key) && !__webpack_require__.o(exports, key)) { /******/ Object.defineProperty(exports, key, { enumerable: true, get: definition[key] }); /******/ } /******/ } /******/ }; /******/ })(); /******/ /******/ /* webpack/runtime/hasOwnProperty shorthand */ /******/ (() => { /******/ __webpack_require__.o = (obj, prop) => (, prop)) /******/ })(); /******/ /******/ /* webpack/runtime/make namespace object */ /******/ (() => { /******/ // define __esModule on exports /******/ __webpack_require__.r = (exports) => { /******/ if(typeof Symbol !== 'undefined' && Symbol.toStringTag) { /******/ Object.defineProperty(exports, Symbol.toStringTag, { value: 'Module' }); /******/ } /******/ Object.defineProperty(exports, '__esModule', { value: true }); /******/ }; /******/ })(); /******/ /************************************************************************/ /******/ /******/ // startup /******/ // Load entry module and return exports /******/ // This entry module can't be inlined because the eval devtool is used. /******/ var __webpack_exports__ = __webpack_require__("./plain-sign-up/main.js"); /******/ /******/ })() ;

- Cake DeFi
Cake DeFi Makes It Easy To Exit Your Staked ETH
Cake DeFi Makes It Easy To Exit Your Staked ETH

With ETH Staking, Cake DeFi has introduced yet another service to unlock the full cash flow potential of your crypto holdings. But that’s not all! It is now possible to unstake and withdraw previously staked ETH in just a few clicks with Cake DeFi's easy step-by-step process.

The ability to sell or withdraw staked ETH will be available to all Cake DeFi customers beginning 22 November 2022 at 2pm SGT (6am UTC). You can access the service on both Cake DeFi’s web and mobile app.

How do I exit a staked ETH position?

The current problem with staking ETH on many exchanges and platforms is that staked ETH cannot be unstaked or retrieved via the Ethereum network until the completion of the Shanghai upgrade in 2023 at the earliest. As a result, stakers are not able to unstake and sell their ETH freely, which greatly increases an investor’s risks. Fortunately, Cake DeFi offers a solution where you can stake your ETH while maintaining some level of liquidity.

This feature will give ETH Staking customers the ability to exit their staked positions via an open market built on the DeFiChain DEX through tradeable csETH (cake staked ETH). A csETH is a DeFiChain Standard Token that represents ETH locked up in the Staking nodes, and stipulates a user's right to redeem staked ETH on Cake DeFi. The csETH-ETH liquidity pool facilitates the withdrawal or sale of staked ETH on the DeFiChain DEX and can be transparently tracked on DeFi Scan.

In order to exit a staked ETH position, Cake DeFi offers the following two options:

Exit back to ETH
This is the most user-friendly option to exit your staked ETH position. As with any other DEX swap, you will be shown the conversion rate via the DeFiChain DEX during the swap process. As soon as the swap is complete, the ETH will be transferred back to your Cake DeFi account at the current conversion rate minus a 0.5% DEX fee, which goes to the liquidity miners.
Exit back to csETH
This option is for advanced users who want to exit their staked ETH position and receive csETH in return, which they can then withdraw to a DeFiChain address. These withdrawn csETH do not receive any rewards; only csETH staked on Cake qualify for rewards. In addition, advanced users can withdraw csETH to liquidity mine ETH on DeFiChain and receive a 0.5% liquidity mining fee.Cake DeFi Makes It Easy To Exit Your Staked ETHHow do you deposit csETH?

csETH can be purchased directly on the DeFiChain DEX and transferred to a Cake DeFi account, where it shows up directly on the balance page together with a deposit address. Do note that csETH is automatically staked when it's sent to a Cake DeFi account. There are no idle csETH on the Cake DeFi platform.

Future outlook

Eventually, Cake DeFi plans to make csETH available on other blockchains, such as Ethereum (Uniswap). As a result, cake-staked ETH will be available to a broader DeFi user base, and will also allow for more liquidity to flow into csETH.

How unstaking is done on Cake DeFi

A step-by-step tutorial on how to exit staked ETH can be found in the following infographic.

!function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,,o.src="",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async");!function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,,o.src="",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async");

The Cake DeFi ETH Staking product is not only one of the most lucrative and transparent ways to earn passive income from your ETH holdings, but also allows you to withdraw staked ETH via an open market through the DeFiChain DEX. If you have idle ETH lying around, then you should consider investing them in our Staking product in just three simple steps. You can also find more info in our previous blog post or you can check out our FAQs.

Happy baking!

- Cake DeFi
APR vs APY: What Are They, And How Do They Differ?
APR vs APY: What Are They, And How Do They Differ?

There are a lot of acronyms and technical terms in the world of personal finance that can be confusing for new investors. Two of the most common terms you’ll see are APY and APR, and it’s important to understand the difference between them.

Introduction: What is APR and APY?

The APR or annual percentage rate refers to the yearly interest generated that's charged to borrowers or paid to investors. Whenever you sign up for a loan or credit card with an APR (annual percentage rate), you are agreeing to pay the lender this particular interest rate over the course of one year.

As an example, if the APR is 3% and $10,000 is borrowed, the initial $10,000 loan plus $300 in interest must be paid back after a year. In contrast, if $10,000 is invested at the same interest rate, it will yield a $300 return after a year.

It is clear from the above example that understanding the APR is important for determining how much money will be owed when borrowing money or how much an investor will receive. In the context of credit cards, APR is typically not charged when the card is used, but the balance must be paid in full by the due date. However, a balance that hasn't been paid by the due date is subject to interest (APR) at the end of each billing cycle.

Annual percentage yield, or APY, is a method of determining how much money can be earned on an interest-bearing account in one year. When compared to the APR, which only considers ordinary interest, the APY also takes compound interest into account. The compound interest earned is the sum of the interest earned and the principal invested. In this sense, the APY is more profitable than the APR if you invest your money.

What is APR in crypto?

When it comes to cryptocurrency, the APR refers to the interest rate investors can expect to earn with their investment – whether it is through lending, staking, or liquidity mining. In addition, it takes into account other fees that borrowers have to pay, with the exception of compound interest.

An investment or loan's APR is essentially its ordinary interest rate applied to the principal. APRs are annualized rates, which means prorated interest will be charged if a loan or investment lasts for less than one year. For example, if you invest at 5% APR for six months, you will earn 2.5% of your original investment.

It is very straightforward to calculate the APR. Consider an investment of 0.5 Bitcoin (BTC) into Cake DeFi's Earn product. With an APR of 7%, after one year of investing, 0.035 Bitcoin will be earned on top of the initial investment. Consequently, the investment now totals 0.535 Bitcoin, which includes 0.5 Bitcoin principal and 0.035 Bitcoin interest (based on Earn's 7% APR).

APR vs APY: What Are They, And How Do They Differ?How to Calculate the Annual Percentage Rate?

In order to calculate the total final amount based on APR, follow these steps:

A = [P x (1 + RxT)] where

A = total amount
P = principal (initial investment)
R = interest rate
T = time in years

In the example above, it would be calculated as follows:

A = [P x (1 + RxT)] where

P = 0.5 BTC
R = 7% or 0.07
T = 1 year

A = [0.5 x (1 + 0.07x1)]
A = 0.535

If the investment is retained for a shorter period, the calculation changes. If you hold for three months, you will have held for a quarter of a year (0.25), so you will need to calculate:

A = [P x (1 + RxT)] where

P = 0.5 BTC
R = 7% or 0.07
T = 0.25 years

A = [0.5 x (1 + 0.07x0.25)]
A = 0.50875

That means that you will earn 0.00875 Bitcoin on top of the initial investment if you hold for three months.

What is APY in crypto?

The Annual Percentage Yield, or APY, measures how much money can be earned on an interest-bearing account in a year. A crypto investment's APY indicates its rate of return. Unlike APR, which considers only the simple interest, APY takes compound interest into account.  

Compund interest is the amount received both on the principal (the money you put into the account) and on the accumulated interest. The power of compounding lies in its ability to create money over time, which is why it is such a powerful investment tool. A compound interest rate is not the same as a simple interest rate. The term "simple interest" refers to interest that is generated only on the main deposit.

For crypto investors looking to make a return on investment while holding their investments, cryptocurrency savings or investment accounts with APY could be a good option. There are many crypto yield programs to choose from. Be sure to research them before signing up. There may be differences between platforms in terms of fees, entrance barriers, interest-earning procedures, and types of crypto assets available.

Cake DeFi, for instance, offers a varity of cryptocurrency investment options such as Earn, Lending, Staking or Liquidity Mining. Earn, for instance, can be compared to a savings account where you deposit Bitcoin, or any other coin, and get a fixed return after a certain period. Investing 10,000 USDT at 5% APY will earn you 10,500 USDT in a year, for instance. It is typical for interest to accrue regularly, whether it is daily, weekly, monthly, or on another schedule.

How to Calculate the Annual Percentage Yield?

The APY calculation is a bit more complicated than the APR since interest is added to the principal, and then interest is calculated based on the number of periods the amount has been adjusted. The compound interest can be set on a daily, weekly, monthly, annual or perpetual basis.

APY = (1 + r / n)^n - 1 where

r = period rate
n = number of compounding periods

Suppose an investment of 1,000 DFI is made at a compound interest rate of 20% and daily compounding. As a result of the calculation above, an initial investment of 1,000 DFI yields 221 DFI over one year, making a total of 1,221 DFI in the first year and 1,492 the following year. Additionally,  higher interest rates and longer holding periods increase earnings.

APR vs. APY: Which one is better?

As a general rule, APR rates are better when borrowing money, whereas APY rates are better when investing. If you are investing in crypto for yield, compounding can work wonders for you.

With Cake DeFi’s curated product line, you can invest a variety of popular coins with interest paid in APY in a low-risk, guaranteed-withdrawal environment. Some coins like DFI offer an APY rate of close to 18 percent. These investments offer some of the highest APYs in the industry and the platform itself ensures that your investment is always withdrawable.

To start generating passive income with your crypto and build wealth for the long term, you may click here to sign up for a Cake DeFi account.

APR vs APY: What Are They, And How Do They Differ?
- Cake DeFi
Guess This Year's World Cup Champion. Win 1 BTC.
Guess This Year's World Cup Champion. Win 1 BTC.

Think you can guess which team will emerge as this year’s World Cup champion? How about the 32 teams that will compete against each other in the Group Stage? If you’re confident with your football prediction skills, well, let’s put it to the test then.

What’s in it for you? Make the right predictions and get a chance to win amazing prizes in crypto - including a share of a 1 BTC prize pool.

So, if you’re up for it, read on for more information (or click here to participate now).

GAME 1: GUESS THE 16 TEAMS TO COMPETE IN THE GROUP STAGEGuess This Year's World Cup Champion. Win 1 BTC.*All fields must be filled
Mechanics: Accurately guess the 32 teams to compete in the Group StageYou may change and re-submit predictions before the deadlineGuess This Year's World Cup Champion. Win 1 BTC.Deadline: Prediction should be submitted  by 20 Nov 2022 at 23:59 SGT before the first game starts. Prize: A share of a 1,000 DFI prize pool for accurately guessing all 16 teamsA share of a 500 DFI prize pool for Cake DeFi users whose referrals win a share of the 1,000 DFI prize pool. Note that only successful referrals made after 16 Dec 2022 are eligible.GAME 2: GUESS THE WORLD CUP CHAMPIONGuess This Year's World Cup Champion. Win 1 BTC.Mechanics: Accurately guess which team will emerge as this year’s World Cup champion and the team’s match scores during the Knockout StageDeadline: World Cup Champion (submit your prediction by 03 Dec 2022 at 22:59 SGT)Round of 16 game (submit your prediction by 03 Dec 2022 at 22:59 SGT)Quarter-finals (submit your prediction by 09 Dec 2022 at 22:59 SGT)Semi-finals (submit your prediction by 14 Dec 2022 at 02:59 SGT)Finals (submit your prediction by 18 Dec 2022 at 22:59 SGT)

Note: You may change and resubmit your predictions before the first game of each round starts. This is to allow participants to make an educated guess base on the competing teams.  

Prize: A share of a 1 BTC prize pool for accurately guessing the World Cup champion  and the team’s match scores during the Knockout Stage (i.e., Round of 16, Quarter-Finals, Semi-Finals and Final)A share of a 1,000 DFI prize pool for Cake DeFi users whose referrals win a share of the 1 BTC prize pool. Note that only referrals made after 16 Dec 2022 and which led to successful account sign-ups are eligible.Guess This Year's World Cup Champion. Win 1 BTC.MINI GAME: GUESS THE WORLD CUP FINAL SCOREGuess This Year's World Cup Champion. Win 1 BTC.Mechanics: Accurately guess the World Cup Final scoreDeadline:Prediction should be submitted by 18 Dec 2022 at 22:59 SGT before the final game starts. Prize: A share of a 1,000 DFI prize pool for accurately guessing the final game score only

Note that Game 1, Game 2 and the Mini Game can be played independently. This means that even if you didn't win or participate in Game 1, you can still participate in Game 2 and the Mini Game.

Country restrictions and the Campaign Terms and Conditions apply. Singapore residents are excluded from participating in the Campaign.

So, what are you waiting for? Click here to participate now!

Guess This Year's World Cup Champion. Win 1 BTC.
- Cake DeFi
WHAT’S NEW WITH OUR LENDING SERVICE? Here are a few updates.
WHAT’S NEW WITH OUR LENDING SERVICE? Here are a few updates.

As we’ve shared in our blog that was published on 11 November 2022, we have successfully called back 100% of the Lending assets that were previously in the care of our institutional partners. This was due to growing concerns and uncertainties in the market which continue to affect crypto investors worldwide

The funds can all be accounted for at the following addresses:

BTC lending reserves: 3HRPnc4SddsFjrLVTfuTZJ2kQhdyCaHT4G

ETH, USDC and USDT lending reserves: 0x8b802fa7b71ea532187e432d9b87d24cc904243a

To prove ownership of the wallets mentioned in our proof or reserves post, @cakedefi will be transferring 1.234,567,89 BTC & ETH out and back in. We thought about signing, but that is not so easy for non-technical people to understand:

— Dr. Julian Hosp (@julianhosp) November 14, 2022

In the eventual term, we will be restructuring our Lending product to provide users with a fully decentralized DeFi Lending service to further increase transparency and provide stable yields. These changes will be officially announced and communicated separately in due course.

In the meantime, to strengthen the trust that we have already established with our customers, we will be paying out the Lending service rates from our own operational budget.

We reiterate that user funds are kept separate from the company’s operating accounts and that they will not be leveraged or used for such purposes.

What you need to know about the new Lending service
The Lending batch period will be reduced from 28 days to 7 days (Friday to Friday) – to provide more flexibility and liquidity to usersAll ongoing Lending batches will end on 18 November 2022 at 4 PM SGT.There are no additional fees for using the Lending service during this interim periodNo yields for one week - to ensure 100% of customer funds are accounted for, there will be no lending batches and yields from 18 to 25 November 2022Users can opt into the new 7-day batch from 18 to 25 November 2022.Users who have turned on auto-compounding can expect the principal and returns from their existing and respective Lending batches to be automatically put into the 7-day batch that will commence on 25 November 2022Users who have not turned on auto-compounding will need to rejoin the Lending batches manuallyAs part of this time-limited promotion, our Lending product will no longer be part of our referral program and welcome bonus promotion

The new Lending rates that will take effect on 25 November 2022 can be found below:

WHAT’S NEW WITH OUR LENDING SERVICE? Here are a few updates.

For more information or if you wish to get in touch with us, you may click here. To start or continue using our Lending service, you may click here.

WHAT’S NEW WITH OUR LENDING SERVICE? Here are a few updates.

RSS Error: A feed could not be found at ``; the status code is `404` and content-type is `text/html; charset=UTF-8`

- Mr. Creatonics
Binance Sub Accounts101: Everything You Need To Know To Get Started
Binance Sub Accounts101 Have you ever wondered if you can have multiple Binance accounts? Have you ever wanted to test different trading and investing strategies but not in the same Binance account? Have you ever wanted to manage trading or investing for someone you know?

Two of the less-known features of Binance exchange are

Sub-account feature Managed Sub-account feature

In this guide, I will help you understand everything about the Binance Sub-account feature. This will help you learn more about the handy features of Binance, which you may need to help you become a better trader/investor.

What is the Binance sub-account feature?

Binance let you create multiple accounts under your main account (master account), which you can manage from a single login. 

These sub-accounts could be created as a child account of the master account, and you can manage a few things, such as:

Transfer funds between your master account to sub-accounts Transfer funds between sub-accounts to the master account Manage API and permission of any sub-account Order management – Check current open orders, Order history, and trade history. Login history – Check the sub-account’s login history by date, IP history, and location.

You can create a Binance sub-account in two ways, which I have explained in the further section of this guide.

 For now, let’s understand who should be using the sub-account feature. 

Who and why should you use the Binance sub-account feature?

Corporate account holders use Binance sub-accounts to test different trading strategies; similarly, Individual pro traders and investors are using it to test different techniques and strategies.

Example 1 – Why an Individual might need a sub-account? 

Let’s take the example of Mr. Creatonics, who is a pro-trader and wishes to try out different strategies such as –

Buy and Hold strategies Grid bot trading strategy DCA strategy Copy trade

Similarly, other trading strategies…

To accurately track the performance of each trade under one account could be difficult, and there could be asset overlap. However, the best solution is to use a unique Binance account for different strategies.

The problem is that Binance does not allow users to create more than one account. This is where the Sub-account feature comes into the picture.

As a corporate account user or an Individual user, you can create multiple sub-accounts under your existing Binance account. This way, you don’t have to get into the hassles of managing the security of multiple Binance accounts, and you will save considerable time.

Example 2 – Why a corporate might need a sub-account? 

Let’s understand the need for a Binance sub-account with another example.

Let’s assume you are a hedge fund manager, and your company has a Binance corporate account. Now, you have three analysts who trade with three different strategies. 

To ensure that your analysts have complete freedom and total control stays with you, you can create their sub-accounts within your Binance corporate account and let your analysts manage them as independent accounts.

They can either log in using the email/password provided by you, or you can create an API key for every sub-account and let them trade using their favorite trading terminal.

Note 1- The functions of sub-accounts could be different. For example, some of them could have Futures and margin trading enabled, or others could have only spot trading enabled. 

Binance Sub Accounts

Note 2- The sub-account users don’t have permission to withdraw funds. As the master account, you can only transfer funds or withdraw funds. 

The application of Binance sub-accounts is immense, and as you grow in your journey of being a trader or investor, you will find a lot of value in this feature. 

How to Enable the Sub-account feature in your Binance account? Corporate users – This feature is enabled by default if you have a corporate Binance account. Simply log in to your Binance dashboard,  and on the left side, you will find the Binance sub-account feature.  Individual users – If you have a KYC’d account on Binance, and your level is VIP 1 or more, you will be able to access the Sub-account feature from your dashboard. Interestingly, the list of eligible accounts will automatically update at 1:00 AM UTC daily. From here on, the sub-account function will be permanent. So, even if your master account level degrades from VIP 1 to a regular user, you will be able to continue enjoying the sub-account feature. 

Here is the upgrade requirement from a regular user account to a VIP level 1 account. 

Binance Spot Trading Fee Rate

What are the other benefits and features of Binance sub-accounts?

The trading volume of your sub-accounts will contribute towards your master account VIP level and discounts. The trading fees of your master account will apply to all the sub-account. For example; if your master account VIP level is 5, your sub-account will enjoy the same discounted trading fees. The sub-accounts have their separate API order limits. As a master account holder, you can do the asset-management (transfer funds between master and sub-account or vice versa) from the Binance mobile app too. You can anytime freeze any sub-account. Binance sub-account features

Now that you have understood the functions and benefits of a Binance sub-account let’s learn how to create a sub-account under your Binance account.

How to create a Sub-account under your Binance account?

If you have a corporate account, this feature is enabled by default. However, if yours is an individual account, you need to have VIP level 1 or more to use this feature. If you have been a VIP level 1 or more in the past, this feature will be available for you.

Login to your Binance account, and head over to the dashboard. Here you can find the sub-account feature on the left side of the menu. Click on the option that says “Create Sub-account” Create Binance sub-account

Here you will have two options –

Create sub-account on Binance Create using email – This is useful when you want to give login to another user (An analyst, trader friend or someone) Create using Virtual email – This is useful when you don’t need to share the login. You need to create an API and use that account using 3rd party apps.

In both scenarios, the sub-account users or 3rd party apps will not be able to withdraw the funds.

In this example, I’m using a virtual email to create a sub-account.

Binance sub-account feature

Click on Create Sub Account, and your account is ready to be used.

Binance Sub Account Management

Note: Margin account is activated instantly, and to use it, transfer funds from your master account to your sub-account. To enable Binance’s future account, click on three dots under “Action” and enable the future feature.

Binance Sub Account Asset Management

Click on “Transfer” and from here you can start managing the assets on your sub-accounts. You can transfer funds from Master account to sub-account, or vice versa.

Binance Asset Management

From here on, you can create an API key for your sub-account (Click on API management under Sub account) and manage it using any 3rd party trading terminal or crypto trading bot.

I let you try the rest of the Binance sub-account features by yourself. If you have any questions or feedback regarding sub-account features of Binance, share them with us by commenting below. You can also check out other articles about Binance exchange on CoinSutra to learn more functions and features of Binance.

Here are some of them:

How To Keep Your Binance account safe from hackers How to use Binance Futures Trading for Short and Long Binance Spot Grid bot Trading Strategy (Tutorial)

Based on our community comments on social media and emails from our readers, here are some of the top FAQs related to Binance sub-account functions.

How many sub-accounts can one open on Binance?

Your VIP level governs the number of sub-accounts you can open. This screenshot shows how many sub-accounts are permitted under various VIP level.

Is it allowed to have 2 Binance accounts?

No, Binance does not allow users to have more than one account. However, you can have more accounts using the sub-account feature.

How do I open a second Binance account?

Unfortunately, one user can only have one verified Binance account. You can open a second account under your blood relative name, and the KYC needs to be done by them. Or, you can use the sub-account feature to have multiple Binance accounts under your name.

- Mr. Creatonics
8 Best Crypto Portfolio Tracker Apps of 2023
Do you invest in Bitcoins? Do you hold other crypto coins apart from Bitcoin? Do you invest in Altcoins? Do you invest in Defi? Do you find those not so popular coins and invest in them?

If the answer to any of the questions above is a resounding yes, you must have faced the issue of keeping track of the return from each coin or your existing portfolio valuation. If you are becoming a pro cryptocurrency trader, you also need something better than excel sheets to quickly analyze your cryptocurrency portfolio and take a call on buying/selling.

As far as I’m concerned, I started my journey by using Excel sheets. It was one hell of a task and sometimes quite tiresome, considering the number of entries that would go in. Moreover, since most of the task was manual, I often missed out on good buy/sell time.

After a few months of frustration, I started looking for a solution and that’s when I found about cryptocurrency portfolio management apps. These apps are developed to help seasonal or full-time cryptocurrency investors and traders effectively monitor and manage their portfolios.

Here, I’m sharing some of the best portfolio management apps for cryptocurrency users. You can pick and choose depending on your requirement. However, some of the scenarios to consider:

Someone who has just invested in Bitcoin and needs to see the latest price along with their holding, they can work with any basic app. Someone who has also invested in other cryptocurrencies like Aave, ADA (Cardona), Curve, FTT and others. Someone who has invested and is also actively buying/selling to take out the profit. They are not necessarily day traders but they are actively trading and booking profit instead of long-term holding like many others. Someone who is day trading and needs an extensive chart and signals to make a better decision about when to sell and when to buy.

There are many other scenarios but these are the four major scenarios at large. No matter which one applies to you, these portfolio management apps will help you level up your game and take your cryptocurrency investment to the next level.

So without further delay, let’s go ahead and take a look at some of the best apps that will help you keep a track of your cryptocurrencies portfolio and also the profit and loss from them.

Best Ways to manage and track your Cryptocurrency portfolio: 1. CoinStats

CoinStats is a popular and well-established cryptocurrency portfolio tracker that you should be using in 2023. It has many features and is available as a mobile app (iOS, Android), Mac app, Chrome extension, and web app.

You can connect all popular wallets, exchanges to your CoinStats account, and it will automatically calculate profit and loss for you. Just so you know

You can change portfolio Profit Loss calculation between 4 options

All time lets you calculate profit loss for a coin by considering all of your transactions. Current Holdings calculates your P/L by considering only the holdings which own right now. Last trade calculates your P/L by considering ONLY your last trade. 24 hours profit loss shows your coin balance change during the last 24 hours.

CoinStats supports all major wallets (see screenshot below) and auto-sync is also possible for exchanges account.

Another cool feature of CoinStats is, you can read all the major news related to the coins you are tracking. This alone helps you to stay updated with the projects that you have invested in, and helps to cut the noise.

Here is a video that shows how you can connect your Binance account with CoinStats for tracking your crypto portfolio automatically:

For CoinSutra users, we have a special offer where you can get 3 months of CoinStats pro for free.

Get 3-Month Pro access of CoinStats 2. CoinMarketCap (Free + Mobile app)

CoinMarketCap is a popular crypto market analyzer, and you might have used it once in your journey. Not a lot of people know that CoinMarketCap also offers a crypto portfolio tracking feature.

At the time of writing this resource, they offer manual addition of a coin which you can track, and see the profit/loss. As a free and simple crypto portfolio tracker, CoinMarketCap portfolio tracker is pretty decent.

See the screenshots below to see what you would be seeing:

If you have been using an Excel or Google doc to manage your portfolio, you may find this more intuitive and handy. Adding a buy/sell is easy, and it also has a feature to add notes.

CoinMarketCap mobile app has more functionalities. For example, you can see the total portfolio composition, and see each coin holding in percentage basis.

Overall as a free crypto portfolio tracker, Coinmarketcap is pretty ideal.

Create Account on CoinMarketCap 3. CoinTracking

I wish I knew about CoinTracking earlier, as this is my go-to cryptocurrency portfolio management app these days. I use it along with the Cryptocompare portfolio app. For those buying cryptocurrencies to hold it for months or years, Cryptocompare does a pretty decent job. On the other hand, if you plan to deal with the occasional buying/selling of cryptos (trading), this is the best solution for you.

CoinTracking is available on the web and also offers a mobile app for Android and iOS. CoinTracking is a dedicated website where you not only see your current portfolio balance, but also data that helps you make a better decision in terms of buying/selling your coins at the right time.

Moreover, managing coins on various exchanges could be cumbersome and this app lets you see which coins and how much amount you are holding. Another feature that I really admire about CoinTracking is the realized and unrealized Gain/Loss feature.


Millennials may not like the interface as it looks outdated but that’s a tradeoff you need to do regarding functionalities. The best part is, you can connect to all popular exchanges using the API feature and it automatically fetches the new trading data. Apart from saving time, this ensures you are always aware of the coins you have.

Some highlights of CoinTracking:

Import data from existing exchanges such as Binance, Bittrex, Bitfinex and many more Auto-deduct balance when making a trade Add Cryptocurrency as free/gifted Android and iOS app are available as well Free and paid plan Tax calculations

The free plan lets you manage up to 200 trades, and you can upgrade to an unlimited plan by paying a nominal fee in any cryptocurrency of your choice. After trying the free plan for a couple of days, I ended up upgrading to the pro plan and it turned out to be a great decision.

CoinTracking is online since 2013 and the team keeps adding new features as the cryptocurrency industry is going. If you need to pick just one app from this list, look no further than CoinTracking.

Create Account on CoinTracking 4. CryptoCompare Portfolio Cryptocompare Portfolio

Cryptocompare is a popular community for cryptocurrency enthusiasts and they offer a portfolio management app as well. The app is available on web, mobile and they have also integrated it into their mobile app. However, their web interface is pretty solid.

Some of the highlights of the CryptoCompare portfolio app are:

Create multiple portfolios (eg: dream villa or car) Supports all cryptocurrencies Beautiful charts and graphs Option to add notes When adding cryptocurrencies, you can specify where it is stored Free to use (it is in beta stage, so expect a few bugs) Risk analysis (I love this feature) Advanced chart Crypto-asset-management

This app definitely needs a dedicated post to help you understand how it works. However, on this list, this is the best crypto portfolio management app. You can also see the allocation percentage for each coin.


Another thing is since everything is in the cloud and under your registered account, you don’t have to worry about losing track of your portfolio. You can access your portfolio anytime from the desktop, mobile browser and they do have a mobile app as well.

However, the mobile app is not as robust as their web interface. You also have an option to make your portfolio public or private and share it with others.

If you have never used a cryptocurrency portfolio app, start with this.

Create Account on CryptoCompare 5. Delta

Delta is a popular alternative to other options simply because they are better in many ways.

However, this doesn’t make others useless but yeah of course it does make them less attractive to new users.

Delta has mobile apps for both Android and iOS versions with more than 2000 coins waiting to be added to your portfolio.

Also, you add BTC, ETH or fiat currencies as your reserve currencies and deduct you period purchase from these reserves to get an overall picture of your portfolio.

Some other cool features of the Delta app are:

Separate portfolio and watchlist walls. Price action alert system for each exchange & all available trading pairs Coin analysis chart, volume, market cap etc. Manage up to 10 different portfolios in the Pro Delta version of the app. Sync data with up to 5 different devices. Completely mobile-based app

Apart from all this their community and development team is very active in developing the Delta app. 

Note: I am using this app’s Pro version for the last 5 days and believe me the UI is the best you can get anywhere. Also, the variety of coins and fiat currencies that they support is simply commendable, plus they are under continuous development & improvement.

Official site Download Android app | Download iOS App 6. Zerion for Defi portfolio tracking

Are you investing in De-fi via Metamask, Rainbow, Argent, or any other decentralized finance-supported wallet? Wondering how you can track your portfolio gain or loss? Well, this is where Zerion comes into the picture.

This tool lets you Manage your DeFi portfolio across multiple accounts in a single place. Some of the popular DeFi wallets supported by Zerion are:

Metamask Coinbase wallet TrustWallet Argent Wallet Walletconnect supported wallet

You can do a lot more than simply managing your portfolio, as Zerion also let you invest in DeFi or borrow fund. As Zerion tagline says “A simple interface to access decentralized finance to invest, earn interest and borrow crypto assets.”.

Check Out Zerion 7. DIY on Google Sheets

You can also DIY a crypto portfolio tracker on Google sheets. Here are two DIY video guides to help you build your own portfolio tracker:

What is a Crypto Portfolio Tracker?

A crypto portfolio tracker is a software that helps you track your entire crypto portfolio. It provides the real-time updates on the profit and loss of your investment in individual crypto. A lot of them offer automatic syncing with exchange, thus making your job of portfolio management easy.

️ What are the Best Crypto Portfolio Trackers?

Following are the best crypto portfolio trackers:
CoinSutra Google Sheet

Can I create my own crypto portfolio tracker using Excel?

Yes, you can use CoinMarketCap API or the Coingecko API to create your own DIY portfolio tracker. This could be done on an excel sheet or using a Google sheet.

Are Crypto tracker free?

Most of the crypto tracking apps are free, or you can always DIY your own crypto tracking sheet. You can always upgrade to a paid plan for advanced features such as automatic syncing or real-time updates on your investment.

Which is the Best Cryptocurrency Portfolio Tracker for you? Crypto Tracking AppRatingCoinTracking3.5/5Coinmarketcap4.7/5Cryptocompare Portfolio4/5Delta4.2/5

All the solutions I have listed above have their pros and cons. What will work for you is completely dependent on your style of investing and trading.

If you are someone who has been holding long-term coins and has started trading once in a while on Binance, Bitfinex, Binance futures, ByBit, or any other site, you can’t rely on a simple app. For you, the best app is CoinTracking.

For someone who wants to buy a couple of long-term cryptocurrencies and plans to hold it for months or years to come, you are better off with the Cryptocompare portfolio app.

If I have to pick one for someone who is starting out with the intention of getting serious in the crypto investment and trading, I would recommend CoinTracking. It solves the major headache of taxation and even if you are dealing with 100+ cryptos, it magically shows you your profit and loss.

Moreover, with the kind of data it provides, you can easily do day trading and make a lot of money just by buying/selling when a coin value has grown or decreased. I will talk more about this in a dedicated post in the coming days.

For now, it’s your turn to share which Crypto portfolio and tracking app you use to manage your cryptocurrencies. If you know of something that is working great for you, do let me know the name and features that you like most about the app you are using.

Looking forward to hearing from you. If you know of others who are investing in cryptocurrencies, do share this post with them. Actively monitoring their portfolio will help them to make better decisions in the future and make more money.

Update: I have found CoinStats and CoinTracking working great for me; what is working for you? Do share with us in the comments below.

Do share this post with your network on Twitter & Telegram!

Also, check out:

The 5 Best Automated Cryptocurrency Index Funds (Updated) 10 Best Cryptocurrency Exchanges In The World To Buy Any Altcoins
- Mr. Creatonics
3Commas Hack – What Users Should Do?

Hacks are not uncommon in the world of technology and cryptocurrency. We have published the mega list of top crypto exchange hacks, which shows how massive these kinds of incidents are. What makes a difference after such an incident is how the leadership team handles the impacted accounts and communicates with the world.

Today’s news is for all those users who have been using a popular trading terminal and bot application called 3Commas. It is unfortunate how 3Commas (despite being an industry leader in the category) handled the entire situation. We have reviewed 3Commas here, in case you want to refresh your memory.

In this news article, you will learn what has happened and what you can do about it.

3Commas hack – What happened?

On November 14th, 2022, Binance founder CZ tweeted that the API key from some 3rd party trading platforms like 3Commas and Skyrex has seen unexpected trading, indicating that these platforms might have been compromised.

We seen at least 3 cases of users who shared their API key with 3rd party platforms (Skyrex and 3commas), and seen unexpected trading on their accounts. If you used such a platform before, I highly recommend you to delete your API keys just to be safe. 🙏

— CZ 🔶 Binance (@cz_binance) November 14, 2022

3Commas denied such allegations and hinted that users might have been compromised using a phishing attack. They also ran a campaign to create awareness and educate users.

However, they denied any wrongdoing from their side and lashed out at users and influencers who have been blaming 3Commas for unexpected trading.

Tweet by 3Commas CEO and founder @Yuriy

In the midst of all these, what really baffled many users is that the 3Commas bug bounty prize is only 100 USDT 🤯

Fast forward to 29th December 2022, CZ (Binance founder) again tweeted, confirming the API keys used on 3Commas are compromised.

I am reasonably sure there are wide spread API key leaks from 3Commas. If you have ever put an API key in 3Commas (from any exchange), please disable it immediately.

Stay #SAFU.

— CZ 🔶 Binance (@cz_binance) December 28, 2022

Soon after that, 3Commas official Twitter handle, and CEO/founder also tweeted confirming the hack of 3Commas users’ API, and is applicable for all the exchanges.

1. Statement from 3Commas:

We saw the hacker’s message and can confirm that the data in the files is true. As an immediate action, we have asked that Binance, Kucoin, and other supported exchanges revoke all the keys that were connected to 3Commas.

— Yuriy Sorokin (@YS_3Commas) December 28, 2022

And also this…

What should 3Commas users do?

It is unfortunate for the loyal users of 3Commas how 3Commas handled the case. At the same time, it is equally devastating for users who have lost their money because of 3Comma’s security blunder and 3Commas consistently denying it.

As it is, 2022 was terrible due to the Luna crash and the FTX fiasco; the 3Commas hack was the last thing 100,000+ users would have wanted.

Who is impacted?

Anyone who has used the 3Commas platform for trading on any crypto exchanges supported by 3Commas is impacted. The date of their database hack is still unclear, so to be safe, if you have connected to any exchange via API on 3Commas before 29th December 2022, you should consider yourself impacted.

If you think that you have not given withdrawal permission, then also you are impacted. The hacker will not be able to withdraw funds from your exchange account, but they will trade your cryptocurrencies for small-cap coins and then dump the price of those coins to make a profit. In a nutshell, if you have used 3Commas in the past or using it, you need to take action as mentioned below.

What should you do if you have been a user of 3Commas? Disable/delete the API key associated with 3Commas on your exchange dashboard – Login to your crypto exchange account and delete the API key you created for 3Commas. This is the first thing you should do. Update the API Key – 3Commas lets you update the API key, ensuring you don’t lose access to your past data and statistics. Never re-use the same API Key – Ensure you never re-use an API key to connect with multiple accounts. For example, trading terminals and crypto tax software. Label your API key correctly – While creating your API Key, label it appropriately. This is just a matter of discipline. 3Commas alternatives – Should You Use 3Commas again?

The way 3Commas has handled the entire scenario has shaken the trust of many loyal users. I would not be surprised if you are one of them and looking for an alternative to 3Commas.

Here are some of the best 3Commas alternatives for 2023 which are not hacked:

Bitsgap – You can read the Bitsgap review to learn everything about it. Cryptohopper – Another OG of the crypto trading tool. The interface is not as friendly as 3Commas or Bitsgap, but something many of you might like. Read Cryptohopper review. Pionex – If your purpose is grid bot trading, this could be a decent option. The only problem is they work as an exchange, so your funds have to be deposited on Pionex. Read Pionex’s review.

Personally, I would pick Bitsgap, which has excellent features that you will enjoy.

In the coming days, we will have more clarity on how 3Commas will improve its security infrastructure so that such incidents will never happen. For now, the impacted users are in rage, which is understandable, and hopefully, impacted users will get over this incident like other unfortunate events of 2022.

Related video –

- Mr. Creatonics
9 Best Crypto Derivatives Exchanges in 2023

The best crypto derivatives exchanges:

ExchangeNo. of Perpetual ContractsNo. of Futures Contracts1. Binance137432. Bybit1843. MEXC Global11904. Deribit2595. Bitmex17846. Gate.io149Not Identifiable7. Huobi Global168568. OKX1391336

Derivatives are an essential part of any market, be it a stock market, forex market, or cryptocurrency market. Traders can use various strategies either to speculate or to mitigate their losses through hedging.

In case you want to explore the derivatives market in crypto. You would need an exchange that provides such services. Some of the best cryptocurrency exchanges you already use support derivatives trading. 

Many of these derivative exchanges offer perpetual contracts, meaning your position never expires as long as you are not getting liquidated.

Derivates trading is not new to the crypto market, and many traders make life-changing money with derivative trading. So, we at CoinSutra searched for the most widely used and trusted ones and presented you with our Best Crypto Derivatives Exchanges list.

Let us understand the derivative products of these exchanges.

9 Best Derivatives exchanges for Crypto: 1. Binance – #1 Derivative Crypto Exchange Binance Crypto exchange

Binance is the #1 exchange for derivatives trading and also the most economical. It has the most extensive customer base and trading volume in the global crypto markets.

Binance makes it easier to transfer funds between your spot market account and Derivative account and thus helps you take advantage of arbitrage when there is a price difference between the future market and spot market.

Derivatives products on Binance are categorized as follows:

USD-Margined Futures Contracts 

These are perpetual as well as delivery contracts that are settled in USDT and BUSD.

Coin-Margined Futures Contracts

These are perpetual and delivery contracts that are settled in cryptocurrencies such as BTC, ETH, etc.

Binance Leveraged Tokens

Leveraged tokens allow a user to have increased exposure to a particular crypto asset.

Binance Options

These are European-style vanilla options that can be used either to maximize profits or to limit losses.

Binance has a very reasonable fee for derivatives trading. There is no fee for the deposit of funds on Binance. The trading fee varies from 0.01% to 0.05% of the transaction value. Further, a user can reduce this fee by holding the in-house token of Binance, i.e., BNB. 

The exchange is pretty secure and has a two-factor authentication option for users. And customer support is also excellent. 

Create Derivative Account on Binance 2. Bybit Bybit Crypto Exchange

Bybit is a specialized platform that is dedicated to derivatives markets only. It has been in the market since 2018. 

Derivatives products on Bybit are categorized as follows:

USD Margined Perpetual

These are perpetual contracts that are settled in USDT

Coin Margined Inverse Perpetual 

These are perpetual contracts that are settled in cryptocurrencies such as BTC, ETH, etc.

Coin Margined Inverse Futures

These are delivery contracts that are settled in cryptocurrency, such as BTC, ETH, etc.

Bybit hasn’t been in the crypto market for long. What makes it a good platform is that its primary purpose is to cater for crypto derivatives trading.

The trading fee structure of Bybit is pocket-friendly. It charges 0.075% of the transaction from the market taker but rewards 0.025% of the trade to the market maker.

Bybit’s team claims the platform can process up to 100,000 transactions per second. This makes it powerful for both individual and institutional traders.

For user experience, Bybit is clean. It’s built to appeal to newcomers and veteran traders alike. There are a lot of essential educational resources for newbies to learn trading on the platform. 

Traders can easily access Bybit on any browser or download its mobile app.

Read: Bybit review

Newcomers on Bybit get a bonus of $90.

Join Bybit & Claim $90 Bonus 3. MEXC Global

MEXC Global is an exchange that brings many low-cap gems at their incubation stage. The exchange was established in 2018 in Seychelles, East Africa. The exchange has a presence in more than 200 countries and has served more than 6 million users.

The exchange supports 11 different languages. In derivatives markets, MEXC Global only deals with perpetual contracts. Users are also provided margin on these contracts up to 125x.

The exchange offers both USDT margined as well as Coin margined contracts. The trading fee for perpetual contracts on MEXC Global is 0.02% for makers and 0.06% for takers.

The exchange has a pretty decent user interface, and it also has a mobile application for iOS and Android versions. Please read our full review on MEXC Global.

Create Instant Account on MEXC Futures 4. Deribit Deribit Crypto Exchange

Deribit is another specialized exchange built only for trading crypto futures and options. It started in 2016 and has built a user-friendly platform for derivative traders. 

Deribit is open to traders in over 100 countries. There is no fee for a deposit, and withdrawal is also free up to a certain limit. 

Derivatives products on Deribit are categorized as follows:

Deribit Perpetual

These are perpetual contract which is settled in cryptocurrency.

Deribit Futures

These are delivery contracts that are settled in cryptocurrency.

Deribit Options

These are European-style vanilla options that can be used either to maximize profits or limit losses.

The platform only supports Bitcoin and Ethereum derivatives. Deribit’s interface appeals to a newcomer and serves as a powerful tool for veterans. You can trade via its web portal or download its mobile application in Android and iOS versions. 

Some additional features of Deribit are as follows:

Deribit supports many trading bots and uses cold storage to keep your assets safe. The trading fee charged by Deribit is variable and can be referred to here. Customer support is available 24/7.  Deribit supports English, Korean, Spanish, Russian, Japanese, Chinese, and Turkish. It offers dashboards for trading history, recent trades, and order books.  It also has statistics for futures, indexes, volatility, and technical indicators.

To trade, you need to create an account, make a deposit, and choose either futures or options trading. Their blog has helpful content if you get stuck.

Save 10% on Deribit Forever 5. Bitmex

Bitmex is a popular crypto exchange where you can trade derivatives. It’s been in the game since 2014 and has grown as a good platform for many traders. It is another specialized derivatives exchange.

Derivatives products on Bitmex are categorized as follows:

Perpetual Contracts

These are perpetual contracts that are settled in Bitcoin.

Futures Contracts

These are futures contracts that are settled in Bitcoin.

Further, Bitmex also offers a margin of upto 100x on these contracts. Bitmex offers derivatives products on various tokens such as BTC, ADA, BNB, DOT, DOGE, EOS, ETH, etc. 

The point worth noting is that all these contracts are settled in BTC. Thus, withdrawals, deposits, and transaction fees are all done in BTC.

In total, the platform offers 17 perpetual and 84 futures contracts.

Market takers pay 0.075% per trade, and makers get a 0.025% rebate. This is a refund given to makers for providing liquidity for the platform.

Read: Bitmex review

Some additional features of Bitmex are as follows:

There is a 24/7 customer support For safekeeping, Bitmex stores some of your cryptos on a cold storage  The platform has a feature of two-factor authentication to prevent malicious parties from accessing your account Bitmex-supported languages are English, Japanese, Chinese, Korean, and Russian. Create Free Account on Bitmex 6. is an excellent crypto exchange that has gained popularity because of its unique product offerings. It stands tall in the list of best crypto exchanges, and its derivative products are also not short of anything.

The various derivatives products offered by are categorized as follows:

Perpetual Contracts

These are perpetual derivative contracts that are settled either in USDT or in BTC.

Futures Contracts

These are delivery contracts that have a fixed expiry date.


These are options that can be used either to maximize profits or to limit losses.

The trading fee on is as follows:

Type of ContractsMaker feeTaker feePerpetual Contracts-0.025% (Rebate)0.075%Futures ContractsNIL0.04%Options0.02%0.05%

In addition to the above, charges a settlement commission of 0.015% on Futures contracts. The platform offers 149 perpetual contracts and various futures contracts.

Create Free Account on 7. Huobi Global

Huobi Global is one of the leading crypto exchanges that have huge liquidity. In addition to this, the exchange is good on all security parameters. In addition to essential services such as spot and margin trading, Huobi has a substantial trading volume in the derivatives market.

Huobi offers 168 perpetual contracts and 56 futures contracts.

The derivatives products offered by Huobi can be categorized as follows:


These are delivery contracts that are settled on a specific date.

Coin Margined Swaps

These are perpetual contracts that are settled in cryptocurrency, such as ETH, BTC, etc.

USDT Margined Swaps

These are perpetual contracts that are settled in USDT.


These are options that can be used either to maximize profits or to limit losses.

The trading fee charged by Huobi for derivatives trading is as follows:

Type of ContractsMaker feeTaker feeUSDT Margined Swaps0.02%0.04%Coin Margined Swaps0.02%0.05%Futures Contracts0.02%0.04%OptionsVariableVariable Create Free Account on Huobi Global 8. OKX OKX

You’ve either used it, heard of it, or seen a different trader use it. OKX is a big name in crypto with support for many assets. It is one of the top exchanges for derivatives trading, according to CoinGecko.

Derivatives products on OKX are categorized as follows:

Perpetual Contracts

These are perpetual contracts that can either be USD margined or Coin Margined. This means that they can either be settled in USD or cryptocurrency.

Futures Contracts

These are futures contracts that can either be USD margined or Coin Margined. This means that they can either be settled in USD or cryptocurrency.


These are European-style vanilla options that can be used either to maximize profits or to limit losses.

OKX exchange offers 139 perpetual and 1336 futures contracts. This huge variety of derivative products makes OKX viable for traders who want to trade in Altcoin derivative products. Further, OKX is one of the most liquid exchanges for derivatives trading.

There is also a beginner knowledge quiz for newcomers going into futures and perpetual swaps. The test is simple, so don’t skip it. OKX wants traders to come into their derivatives market with a little knowledge of how things work. The quiz lets you learn margin calls, swaps, futures, funding, and withdrawal schedules on OKX.

The base trading fee on OKX is as follows:

Type of ContractsMaker feeTaker feePerpetual Contracts0.02%0.05%Futures Contracts0.02%0.05%Options0.02%0.05%

This fee can be reduced once a user attains VIP status.

Another cool part about OKX is that it allows its Customer to pair derivatives trade with fiat currencies. This allows you to make a trade in a currency of your choice. And you won’t have to suffer exchanging from one currency to the other when withdrawing your funds.

In general, OKX is a great place to trade crypto assets.

Create Free Account on OKX Which crypto derivative exchange should you be using?

There are a number of factors that should be considered while deciding the best derivative exchange for you. If you are looking for something simple and powerful, pick Binance or Bybit.

The platform is friendly for beginners and offers paper trading for you to practice derivative trading.

For high liquidity, Bybit is an excellent choice. Although its derivative trading fees are on the higher side, it is one of the oldest in the market and offers high liquidity.

For those looking to trade in more coins, Binance Futures, and MEXC Global are the ideal choices. Unfortunately, all these exchanges are not available for users from the USA, and you can use them only through a VPN.

Over to you:

Let me know which crypto derivative exchange are you using and why? If we like your recommendation, we will include this in our list of top exchanges for crypto derivatives trading.

- Mr. Creatonics
13 Best Cryptocurrency Exchanges to Buy Any Cryptocurrency [2023]

Here is a consolidated list of the best cryptocurrency exchanges with my comments:

Name of the ExchangeCoinSutra CommentsOverall CoinSutra RatingNo. of Trading PairsBinance• It offers a mobile app and the world’s largest exchange.

• If you need to pick only one, this is the best and #1 in 2023.

• It offers max number of crypto pairs, basic and advanced trading.

• A lot of exciting features, including Margin trading, Exchange coin (BNB), and many more9.8/101292Huobi Global• One of the largest exchanges of the crypto market

• High security and great customer support910Changelly• Instantly convert any cryptocurrency to any of your choices.

• Great for instant conversion.8.7/10747Bitfinex• High trading volume and liquidity111Coinbase• A U.S.A. regulated exchange based out of California.9.1/10211Kraken• Based out of the USA, and secure crypto exchange, existing for the last half a decade.346KuCoin• Simple and easy to use

• Many low-cap gems available3251inchexchange• Best decentralized exchange aggregators of the market

• Custody of funds remains with the user474CEX• Simple and easy to use202Bybit• Very popular with high volume.

• Ideal for margin trading.

• Read Bybit review

Slowly and steadily, Bitcoin and altcoins are getting attention from more investors all around the world.

And why not? These cryptocurrencies are time and again proving themselves to be a safe haven against the government’s inflationary policies.

Not only this, but now people have a variety of products to earn substantial passive income on their crypto assets. Moreover, some people make good money by pure speculation with short-term trading (i.e., buy low, sell high).

And for those who are just starting and need answers to some basic questions like:

Where do I buy such cryptocurrencies? What are the best cryptocurrency exchanges? Which crypto exchange is secure and user-friendly?

But before we talk about the best exchanges out there, I need to tell you that it’s not too late to get invested in cryptocurrencies. At the time of this writing, the Bitcoin and altcoin market is at a market cap of $1.18 Trillion. I believe we will cross the $3 Trillion mark in the next year.

So now that you know that you should invest, here’s where you need to go to do that.

Note: This list starts from easy-to-use exchanges and moves towards some of the advanced exchanges.

11 Best Cryptocurrency Exchanges for Trading Cryptocurrency 1. Binance Binance

Binance is the world’s leading cryptocurrency exchange that concluded its ICO on 21st July 2017 and raised $ 15 Million. In addition to being a blazing fast exchange, The platform is designed for traders of all levels, i.e., from a beginner trader to an advanced trader. 

The platform offers an inbuilt wallet which is ideal for storing Bitcoin for a short time. In addition, Binance has an Earn feature to deposit your crypto assets such as Bitcoin or USDT, and earn interest on your holdings.

Since its ICO to date, it has grown tremendously. It has become the leading cryptocurrency exchange globally in trading volume and availability of pairs of a token. It now has over 370+ altcoins listed on it, which are further provided in over 1300 pairs. Additionally, coin listing is increasing with every passing month.

Binance being a centralized exchange has taken a unique take to expand its business and provides a decent discount for day traders if they use BNB coins. BNB is the native currency of this platform, saving money on buying/selling any coin.

Binance is a global exchange that is ideal for everyone and has the highest liquidity. Users from the USA can signup for Use the table below to pick the ideal Binance exchange for your jurisdiction:

Binance GlobalSign up here
(10% trading fees off)For everyone (Users from all countries) except the USABinance USASign up here
(Get $15)For the USA users

Binance’s fee structure is also unique.

It has a 0.1% standard trading fee that is already relatively less than its peers. You can even reduce your fee further if you pay your trading fee in BNB according to the below-shown structure.

Binance Discount Rate

To get started with Binance, you need to register using your email ID and the process is simple & fast. Binance is one of the few exchanges that offer mobile apps for iOS and Android.

Read: Binance Review: Features, Fees in 2023 (Beginner’s Guide)

Being using it for a while, I find it too easy to trade cryptocurrency while on the move. However, you can watch this video to learn how to use its mobile app.

They also have aggressive plans like multi-lingual support, mobile apps for both iOS and Android users, the Binance lending program,  and the Community Coin Per Month, etc for more adoption of their platform.

Binance Mobile App Create Account on Binance 2. Huobi Global Huobi Global

Huobi is an international cryptocurrency exchange that originated in China but now has moved across the world to serve a maximum number of investors. It is based out of Singapore and has been operating in this space successfully for the last five years.

As we speak, it occupies the #2 spot on CoinMarketCap’s list of exchanges by volume and has 973 cryptocurrency pairs. Hence, you will never face liquidity problems on this exchange.

They also have a mobile app for Android and iOS for users who want to trade cryptos on the go.

Their registration process is also pretty simple, so go ahead and do the needful. Oh, and just so you know, the exchange fee is also pretty low. Have fun.

Do read Huobi Exchange Review: Pros and cons

Create Account on Huobi Global 3. Changelly Changelly

Changelly is one of the easiest ways to get ahold of various cryptocurrencies.

Changelly has a proven track record of consistently good products being put out into the crypto space.

One of the best things about Changelly is that you don’t need to go through any lengthy verification or registration process. It is a non-custodial exchange.

Currently, Changelly supports around 199 cryptocurrencies along with fiat pairs such as USD/EUR. It is one of the best and easiest to use crypto exchanges out there. 

When you use Changelly to exchange cryptocurrency, the matching engine connects in real time to some of the best and busiest cryptocurrency exchanges in the market to get you the best price.

Usually, when using Changelly, a crypto-to-crypto exchange takes 2 to 20 minutes.

The amount you see is the amount you get, so you don’t have to worry about any hidden fees or charges.

All you need to buy from Changelly is a VISA/MasterCard (credit/debit card) and a wallet where you want to receive your new coins.

The procedure is very simple.

Head toward Changelly, and follow the on-screen instruction to exchange your coins.

Sign up for Changelly 4. Bitfinex Bitfinex

Bitfinex is another one of the largest and most popular cryptocurrency exchanges out there.

Based out of Hong Kong and operational since 2014, it gives its users the option to trade in 139 cryptocurrencies offered in 320 different trading pairs.

You can trade using USD (with a wire fee of at least $60). Also, users will need to pay a trade fee which varies from 0.1% to 0.2% (details here).

Also, whenever you withdraw or deposit anything, you are charged a certain fee:

On Bitfinex, if you are a pro-trader, you will find advanced trading tools such as limit orders, stop orders, trailing stop, fill or kill, TWAP, and others, along with different market charts.

And whenever you get bored with the web version or want to trade on the go, you can use Bitfinex’s Android and iOS mobile apps.

Create a Free Bitfinex Account 5. Coinbase Coinbase

Coinbase is a U.S.-based crypto exchange that serves a global audience. The exchange offers excellent speed and reliability and is beginner-friendly.

Using Coinbase, you can quickly buy cryptocurrencies and trade at the same time. They have an app for iOS and Android, which gives you the comfort of exchanging cryptocurrencies from anywhere. The wire transfer feature is also available on Coinbase.

The security standard of Coinbase is enterprise-grade, and they have been around for many years. Coinbase is supported in almost all continents (Africa, Asia, Australia, Europe, North America, and South America)

The exchange has listed 72 cryptocurrencies which are offered in 232 different trading pairs. Coinbase also supports popular stablecoins such as DAI and USDC which is an important aspect of any popular cryptocurrency exchange.

Create Free Account on Coinbase 6. Kraken Kraken Crypto Exchange

Kraken is one of the oldest crypto exchanges that has existed for over a decade now. Established in 2011, the exchange offers Bitcoin as well as a number of known altcoins. In total it offers 346 pairs of crypto tokens. Read more detailed review of Kraken.

The exchange has an interactive web version as well as mobile applications for Android and iOS users. The features of the platform can be fully explored by an advanced crypto user. 

Features such as take profit orders, take profit limit orders, etc. are some of the unique features of the platform.

Kraken also offers derivatives products on which margin is available up to 50x. Further, it has options to earn passive income such as staking.

You can use Kraken to deposit and withdraw funds to any bank account globally. In my experience of using Kraken, bank transfers is quick, and support is excellent.

Join Kraken Now 7. KuCoin KuCoin Exchange

KuCoin is another easy and hassle-free cryptocurrency exchange. KuCoin offers many popular and unique coins such as CHR, $KCS, and many others. Just like Binance, they offer a fully functional mobile app for Android and iOS.

To get started with KuCoin, you can deposit any crypto of your choice, ex: BTC, and start trading. I have been using KuCoin for the past two years, and they have constantly been adding extra features.

You can use Kraken to deposit and withdraw funds to any bank account globally. In my experience of using Kraken, bank transfers are quick, and support is excellent.

Overall, Kraken is one secure and trustable exchange that you should check out.

Create Account on KuCoin 8. 1inchexchange 1inch exchange

All the exchanges in my list are centralized exchanges. This means an exchange that has a record of your identity and holds your private keys for you. 

People who specifically want to trade anonymously and to keep custody of their funds should choose a decentralized exchange.

1inchexchange is the best DEX (Decentralized Exchange) aggregator which consolidates prices from various other DEXs and brings the best price for you.

The platform is very secure and provides better liquidity than any other Decentralized Exchange. I would suggest you much try this platform once to have a touch base of the Decentralized Financial eco-system.

Visit 1Inch Exchange 9. CEX CEX Crypto Exchange was established in London, United Kingdom in 2013. Originally the organization was a cloud mining service provider which handled a number of cloud mining pools. In 2015, the organization dropped the mining service business and focussed completely on the exchange services.

In 2017, the exchange was audited by a third-party audit firm which confirms its compliance company’s diligent approach towards crime prevention. In 2019, the company set up its offices in nine US states and has been expanding since then. 

The exchange has 80 different crypto tokens which are offered as 201 different trading pairs.

Features of are as follows:

Spot Trading and Margin Trading Derivatives Trading (in form of Contracts for Difference (CFD)) Fiat to crypto transaction for 4 cryptocurrencies (USD, EUR, GBP, RUB) Options to earn passive income through staking and savings Crypto backed loans

In addition to this The exchange also offers a Demo Account for paper trading. The basic trading fee is 0.25% for a taker and 0.16% for a maker. 

The platform is secure and easy to use. Along with an interactive web application, it offers a mobile application for Android and iOS users.

Read a review of exchange

Join 10. Bybit Bybit Crypto Derivatives Exchange

Bybit is a specialized spot and crypto derivatives market exchange. Established in March 2018, Bybit is one of the fastest growing cryptocurrency exchanges, with more than 3 million registered users.

Further, the exchange offers a margin on the above derivatives upto 100x. In case you are looking for an exchange for spot and derivatives trading, then Bybit is the best bet.

The platform is adding quality and trending coins every other day, and it might become the fastest growing crypto exchange of 2023. It is one of the best crypto exchanges which is secure and easy to use. It has an interactive web application and a mobile application for Android and iOS users.

For beginners, Bybit also has a feature of paper trading.

Read our full review on Bybit here.

Join Bybit (Get $90 bonus) What if a user needs some low market cap gems?

Using the above cryptocurrency exchanges will allow you to buy almost all of the cryptos you could ever want to buy.

However, there are a few more cryptocurrency exchanges that you should have an account with, as there are a few coins that are only available there. It’s a good idea to have an account on most of these, which will save time when you discover a winning coin.

So, here are some bonus exchanges which I am sure you would love.

11. MEXC Global MEXE Global Exchange

MEXC Global (formerly known as MXC) was established in 2018 in Seychelles, East Africa. The exchange has listed 518 coins which are offered as 887 different pairs.

You can use MEXC Global for spot, margin, and derivatives trading. In addition to this MEXC Global provides several features such as ETF (Exchange Traded Funds) Trading, staking, DeFi Farming, etc.

The trading fee on MEXC Global is 0.2% of the transaction value. This fee can be discounted by holding the in-house token of MEXC Exchange i.e. MX Token. 

The benefits of using MEXC Global Exchange are as follows:

The platform has a very user-friendly interface The platform has an interactive mobile app that allows you to trade on the go You can earn passive income through staking and depositing assets in DeFi products

Please read our full review on MEXC Global Exchange here.

Create Account on MEXC 12. AscendEX (BitMax) AscendEX Crypto Exchange

AscendEX (formerly known as BitMax) was established in 2018 in Singapore. Founders George Cao and Ariel Ling have substantial experience in investment banking and traditional stock markets.

The exchange provides the following services:

Spot, Margin, and Futures Trading OTC (over-the-counter) Trading (for bulk purchases) Fiat to crypto purchase Staking (to earn passive income on your crypto assets) DeFi Yield Farming (to earn passive income on your crypto assets)

AscendEX has listed 186 tokens on the platform, which are offered as 299 pairs of tokens. The trading fee of the platform is 0.1% for large-cap tokens and 0.2 for altcoins.

The benefits of using AscendEX are as follows:

Copy-trading feature for futures trading(you can copy trade settings of professional traders) Passive income earning options available (staking and DeFi Yield Farming) The exchange has a user-friendly interface Create Account on AscendEX

So that is it for my list of most reliable cryptocurrency exchanges. Now, with such an information overload there is a need to summarise this information. Let us understand how to choose the best crypto exchange for ourselves.

How to select the best cryptocurrency exchange for you?

Following are the crucial factors you should consider while choosing the best crypto exchange for yourself:

The country you live in

Almost all exchanges have a list of supported countries. Residents outside these jurisdictions should not use these exchanges.

Further, you should also check whether your native fiat currency is supported by that exchange or not. If not, then you need to figure out a way to transfer your funds to this exchange.

Security of funds

Security is the key factor for the sustenance of the whole crypto market. Before choosing an exchange for yourself, you should have an answer to these questions:

Who keeps custody of my funds? Is there any security audit done on the exchange? What was the conclusion? Where are the funds of the exchange kept? Is the place secure enough? Does the exchange has any insurance in case of loss of funds due to a security breach?

Once you have answered the above questions, you will be able to judge the security of the said platform.

Whether it is centralized or decentralized

Centralized exchanges need your personal details before they allow you to trade on their platform. Further, most of these exchanges keep custody of your funds.

This is not the case with a decentralized exchange.

Ease of use

Some exchanges although very good in product offerings have a very complicated user interface. This leads to confusion in understanding the product or method of transactions.

Thus, you should choose an exchange that has an interactive web application and a compatible mobile application.

Liquidity and Trading Volume

If you want to purchase a token, you need to ensure whether people are interested in selling that token on the exchange. Thus, liquidity means the availability and scale of crypto funds on a particular exchange.

For this, you should check the number of trading pairs supported by the platforms and the 24-hour trading volume of the platform.

KYC Rules

KYC stands for Know Your Customer. Almost all the centralized exchanges have a KYC Policy basis that collects information of user and enable them to use the platform.

What you need to check is the type of information collected as well as the time in which verification is done by the exchange.

Trading Fee

On every transaction, a trading fee would be charged by the exchange. This trading fee is a cost to you and thus you should try and choose an exchange with the lowest trading fee.

The reputation of exchange in the market

A crypto exchange is an intermediary between a buyer and a seller. Therefore, you need to ensure that an exchange is legit and does not have a bad reputation in the market.

For this, you should search for any possible scams that an exchange could have been a part of.

Relationship of the exchange with the country’s authorities

Lastly, you should check whether a crypto exchange is in line with the regulations of your country. In case an exchange is banned by the authorities, you should not use that exchange in any case.

Conclusion – Best Crypto Exchanges 2023

Trust me, I have squeezed my 5 years of experience in the crypto markets in this single post. My objective is to bring you the most feasible products of the crypto markets and help you in earning life-changing money.

I will update this post as I find other trustable and feature-rich cryptocurrency exchanges. For now, you can consider joining our Telegram channel to stay updated with all the latest info.

I hope these insights help you in choosing the best cryptocurrency exchange for you to use.&amp;lt;!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}-->

But one word of caution:

Don’t use these exchanges as a wallet to HODL your cryptos. If you are storing cryptocurrencies on these exchanges for a few hours or even a few days for the sake of trading, then it’s probably OK. Otherwise, this is a bad practice.

Large-scale hacks like Mt. Gox can happen at any time. I would strongly recommend you to use the Ledger Nano S or a wallet like Atomic, where you can store a lot of different cryptos and control your private keys.

So now it’s your turn to tell me: Which one of these exchanges do you like the best? Also, what’s another great exchange that I haven’t listed here? Let me hear your thoughts in the comments below!

Here are a few hand-picked articles you should read next:

Investing In Cryptocurrencies 101: A Beginner’s Guide Best Bitcoin Exchanges In The World For Trading Bitcoins Binance Alternatives: Crypto Exchanges Similar To Binance Are any cryptocurrency exchanges regulated

There are a few exchanges that are regulated. For example, CoinbaseCEXCoinmama are regulated.

Which are the best cryptocurrency exchanges?

As mentioned above, the following are the top cryptocurrency exchanges:
1. Binance
2. Huobi Global
3. Changelly
4. Bitfinex
5. Coinbase
6. Kraken
7. KuCoin
8. 1inchexchange
9. CEX
10. Bybit

Which cryptocurrency exchange has the lowest fees

Binance and Bybit offer the lowest fees at this moment.

What is the best Cryptocurrency exchange for beginners?

Changelly or Changenow is the best for those looking for an instant exchange of coins. On the other hand, Binance offers the biggest ecosystem, and the platform is also beginner-friendly.

Which Cryptocurrency exchange has the most coins?

Binance has the maximum number of coins that are of high quality.

Like this post? Don’t forget to share it with the world!

- Mr. Creatonics
8 Best Crypto Margin Trading Exchanges Compared (2023)

The best crypto margin trading exchanges:

ExchangeSpot Trading MarginDerivatives Trading MarginKey Features1. BinanceUp to 20xUp to 20x• Leading crypto exchange
• Highest liquidity in the market2. BybitNot ApplicableUp to 100x• Specialized derivative trading platform3. KrakenUp to 5xUp to 5x• One of the most secure platforms
• A good choice for US residents4. KuCoinUp to 10xUp to 100x• Easy and simple to use
• Offers several unique products.5. BitmexNot ApplicableUp to 100x6. Phemex Not Applicable Up to 100x• Negative Maker fee for derivatives trading
• Several promotional bonuses
• No KYC7. CEX Up to 10xNot Available • Exchange registered with FinCEN
• One of the oldest exchanges in the market

Note: 10x means 10 times. For example, while placing a 10x margin spot trade a user needs to keep $1 as margin and can place the order worth $10. Here the exchange will lend $9.

We all know that cryptocurrency markets are the most volatile market in the world. Therefore, one of the best ways to make money in the crypto sphere is by trading cryptocurrencies.

Usually referred to as day trading, it can be highly risky and rewarding at the same time. To make life changing money through trading, a trader needs to be competent and use different trading methods. 

Margin Trading is the riskiest form of trading. If used correctly, this can become the most profitable method of trading as well.

Just for a head start, margin trading is a form of trading in which you trade with borrowed money. To borrow this money, you need to have some collateral. This method of trading with borrowed money is also known as leverage.

For example, if you have $100 and the exchange allows 10x margin on BTC spot trade. Then in this case you can place an order (both long order or short order) up to worth $1,000. This process of trading more than you can actually afford is known as Margin Trading.

In simple words, it is like borrowing money and investing it in cryptocurrencies.

However, a user must know that in case the market moves in a direction opposite to your position, the exchange can force sale these assets and liquidate your holdings.

Note: Margin trading, in general, is highly risky, crypto margin trading is even riskier. So, it is a strict NO for beginners given veteran traders may also incur huge losses in margin trades.

However, if you are good at regular day trading, you can start trying margins for smaller amounts for crypto trading.

Best Margin Trading Crypto Exchanges

Here is a list of best leverage trading crypto platforms:

1. Binance

Binance is the world’s best cryptocurrency exchange with maximum liquidity, trading volume, and a number of users. Read our full review on Binance here.

The exchange supports margin trading, which a user can understand and execute in a few simple steps. To use Binance margin trading, you need to complete the identity verification (KYC), and your country should not be on the blacklist of Binance country. Currently, residents of the US cannot use the Margin Trading feature of Binance.

In addition to this, the exchange has a Margin Insurance Fund to save its overall liquidity. In case a trader goes bankrupt during margin trading, and his assets are not sufficient to pay off his debts, then the exchange will repay the trader’s debt from this Insurance Fund.

Margin trading can be used for both short as well as long position. The exchange allows a margin of up to 10x on spot trading and up to 100x on derivatives trading. 

The interest rate on borrowed amounts changes frequently and can be referred to here. Further, you may choose to pay margin trading interest in the form of BNB (Binance in-house token), which will save you a further 5% on interest.

Further, as an alternative to margin trading, Binance offers Leveraged Tokens. These tokens allow traders to put on short or leveraged positions without having to margin trade. For instance, a trader who wants to 3x short Bitcoin can simply buy a 3x short Bitcoin leveraged token on Binance.

Leveraged tokens are standard crypto tokens and can be listed on any spot exchange (even those that do not allow margin trading). Further, buying a leveraged token saves an investor from the hassles of maintaining a required margin with the exchange.

Start Margin Trading on Binance (Save 10% forever) 2. Bybit

Bybit is a specialized platform for derivatives trading. The exchange was established in 2018 and has more than 10 million registered users. 

Bybit deals in a number of perpetual as well as futures contracts. The platform has launched a pilot for spot trading which should be available to all users in the near future.

They also offer up to $90 as a free joining bonus, which you can use for margin trading. The fee is one of the cheapest, and it is a no KYC exchange. However, to use a third-party service such as fiat trading, a user would need to get his KYC done on the platform.

Bybit has a significant market depth and liquidity. Therefore, it is an outstanding platform for margin trading.

For margin trading, Bybit offers margins of up to 100x. Further, Bybit has its insurance funds which can be used to recover losses in case a trader goes bankrupt. 

Bybit mobile app is something you would use most of the time for trading. The trading engine is blazing fast and is the fastest-growing margin trading crypto exchange. You can learn more about Bybit in my detailed review of Bybit.

Bybit is easier to use, even for new leverage trading traders. Bybit also offers 24*7 customer support (multi-lingual), which is one of the best. Bybit is based out of Singapore and has offices in multiple countries.

Get $90 Joining Bonus on Bybit 3. Kraken (Margin trading for USA Users)

Based out of San Francisco, Kraken is one of the largest cryptocurrency exchanges in the USA. It is the second-largest exchange (after Coinbase) in terms of trading volume and number of users that caters to the residents of the US. Read detailed Kraken review to learn more about this popular exchange.

Further, despite catering to US residents, Kraken offers a big variety of crypto tokens. Kraken offers margin on the spot as well as derivatives trading. The leverage allowed on these trades is up to 5x.

Currently, the following tokens are supported for Margin Trading on Kraken:


Kraken has listed eligibility criteria that determine whether a user is available for Margin Trading. You may refer to the same here. Further, the fee structure for margin trading can be referred here.

The trading fee for margin trading is also very reasonable. You can find more information on this here.

Start Margin Trading on Kraken 4. KuCoin

KuCoin is one of those amazing crypto exchanges which offers a wide variety of services and crypto tokens. Most of the low market cap gems can be found on this platform.

Because of an interactive user interface and high platform liquidity, I could not keep this platform from my best-margin trading crypto exchanges list.

KuCoin offers a margin of up to 10x on spot trading and up to 100x on derivatives trading. Further, like Binance and Bybit, Kucoin also offers a number of Leveraged Tokens, which are a better version of margin trading as they do not face the risk of liquidating assets.

The margin trading interest rate on KuCoin changes frequently and can be referred here.

Start Margin Trading On KuCoin 5. BitMEX Bitmex Exchange – Crypto Margin Trading

BitMEX facilitates margin trading for cryptocurrencies and has gained quite a lot of respect in the cryptosphere in a rather short period of time.

The team comprises experienced developers, economists, and high-frequency algorithm traders, which makes it a reliable product. The BitMex is not available for U.S.-based customers, however, you can bypass this using any VPN service.

The registration process on BitMEX is simple as you just need your email to get started, plus, you can also secure your funds using the 2-FA authentication feature that BitMEX provides.

At present, BitMEX offers margin trading for 6 cryptocurrencies out of which Bitcoin margin trades are the most famous. Here is the fee, as well as the leverage schedule for all the cryptocurrencies:

COINSLEVERAGEMAKER FEETAKER FEESETTLEMENT FEEBitcoin (XBT)100x-0.0250%0.0750%0.0500%Bitcoin Cash (BCH)20x-0.0500%0.2500%0.0000%Cardano (ADA)20x-0.0500%0.2500%0.0000%Ethereum (ETH)50x-0.0500%0.2500%0.0000%Litecoin (LTC)33.33x-0.0500%0.2500%0.0000%Ripple (XRP)20x-0.0500%0.2500%0.0000% Read: BitMex review Start Margin Trading On BitMEX 6. Phemex Phemex ExchangePhemex Exchange – Crypto Margin Trading

Phemex is one of the newer crypto exchanges on the list. The platform was established in November 2019 in Singapore by an ex- Morgan Stanley employee, Jack.

The exchange has captured a substantial userbase and trading volume within a short span. This is because of the platform’s promotional bonuses and high leverage. Phemex has more than 5 Million users with an average 24-hour trading volume of approx. $8 Billion.

Further, the exchange does not need customer KYC. Users can simply sign up, deposit assets, and start trading on the platform. However, for non-KYC customers, some services, bonuses, and benefits are not available. Please note that Phemex does not cater to US residents.

The exchange offers leverage up to 100x on derivatives trading. Further, the transaction fee for derivatives is 0.075% for Taker and – 0.025% for a Maker. This means that a Maker would receive a trading fee.

You can read more about the Phemex Fees structure here.

Start Margin Trading On Phemex 7. Exchange – Crypto Margin Trading

Founded in 2013 in London, is one of the oldest exchanges in the crypto industry. The exchange is registered with FinCEN (Financial Crimes Enforcement Network). Due to this, it applies appropriate KYC (Know Your Customer) and AML (Anti Money Laundering) procedures. offers more than 100 tokens available in more than 200 token pairs. Further, margin trading is available up to 10 times on these tokens.

The exchange is available in most of the states in the USA. However, margin trading service is not available for US residents.

The exchange charges a trading fee of 0.25% from takers and 0.15% from the makers. This reduces further with an increase in your trading volume.

You can refer to the Fees Schedule here.

Start Margin Trading On CEX Should I Margin Trade Crypto?

If you understand how margin works in trading, then you can do margin trading. Margin trading could be highly profitable if done right, and at the same time, one could lose capital fast if done without proper risk management.

Can Bitcoin be bought on margin?

Yes, you can buy Bitcoin on margin. All the above leverage exchanges allow you to buy Bitcoin on margin.

Which is the best exchange to short crypto?

These are the two best exchanges for shorting crypto:


Conclusion: Margin Trading Exchanges

So, this was my list of the Best Crypto Margin Trading exchanges out there. You must understand that although all these exchanges are suitable for trading, they are also a honeypot for hackers to attack.

Further, as these exchanges cater to a huge sum of money, this risk increases manifolds in the case of margin or leveraged trading.

Therefore, even if you simply day trade or margin trade, keeping your money on these exchanges should be done cautiously as it is not safe. The above exchanges provide extra security features such as 2-FA authentication, which you should never forget to use.

I shall reiterate that Margin Trading is a highly risky way of trading, and users should use their discretion.

Now it is time to hear from you: Do you trade cryptocurrencies? Do you indulge in margin trading? Where do you trade or margin trade cryptocurrencies?

Please share this article with your network if you find it useful!

Further suggested readings:

9 Best Cryptocurrency Exchanges In The World Best Smartphone Apps For Trading Cryptocurrencies On The Move 3commas Review: Is it Safe? How does 3Commas works?
- Mr. Creatonics
How do you calculate the Risk to Reward Ratio? What is the Risk-Reward Ratio? What is an optimum Risk Reward Ratio?

Investment or trading is a long-term skill. It takes you a few good years to understand the nuances and master them. On the way, you learn several tools and techniques to manage, maintain and grow your portfolio.

Risk Management is one of the most powerful techniques used by pro investors. And one of the most essential tools for Risk Management is the Risk to Reward Ratio. Risk-Reward Ratio is used to decide whether a trade or an investment is worth considering or not.

So, let’s understand more about it, how it is calculated, and how you can use it in your trading or investment strategy.

What is the Risk to Reward Ratio?

The risk-reward ratio compares a potential loss on investment with the potential profit. In simple words, it’s the measure of Risk taken for investment with its corresponding Reward.

Let’s understand this with an example.

A risk-reward ratio of 1:3 means that an investor is willing to risk $1 of investment for the possibility of earning $3. Similarly, a risk-reward ratio of 1:5 implies that the investor is willing to risk $1 of investment to earn $5.

Similarly, traders also use the risk-reward Ratio to decide the trades they want to take or leave.

How to Calculate Risk-Reward Ratio?

The formula for calculating the Risk-Reward Ratio is as follows:

Risk-Reward Ratio = (Possible Loss from the Investment) / (Possible Profit from the Investment)

So, suppose:

You buy BTC for $40,000, You have a Stop Loss of $35,000, You expect BTC to go up to $50,000.

So, in case the price of BTC falls, the stop loss would be triggered, and you would lose $5,000 [$35,000 (Sell Price) – $40,000 (Buy Price)]. Hence, the possible loss from the investment is $5,000.

Further, if the price of BTC rises and reaches $50,000. Then you would gain $10,000 [$50,000 (Sell Price) – $40,000 (Buy Price)]. Hence, the possible profit from the investment is $10,000.

Therefore, the Risk-Reward ratio in this case is 1:2 ($5,000 / $10,000).

How to use Risk-Reward Ratio for Trading / Investment?

There are two types of Risk-Reward Ratios:

Investor’s Risk-Reward Ratio (Expected Risk)

It is the Ratio that an investor is willing to tolerate. Every investment has an inherent risk. This Ratio explains the risk an investor is ready to take to earn the reward on investment. This Ratio can vary from investor to investor.

Investment’s Risk-Reward Ratio (Actual Risk)

This is the actual risk of investment. The above example shows how an actual Risk-Reward ratio is calculated.

So, if the Actual Risk is less than the Expected Risk, the investor would consider investing.

However, if the Actual Risk is less than the Expected Risk, the investor would skip the investment.

Suppose John’s Risk-Reward Ratio is 1:2. He got an investment proposal, and he is contemplating whether to invest or not.

If the investment has a Risk Reward Ratio of 1:1 (greater than 1:2), he should reject the proposal.

However, if the investment has a Risk-Reward Ratio of 1:3 (less than 1:2), he can consider the proposal.

Pros and Cons of the Risk-Reward Ratio 1. The benefit of the Risk-Reward Ratio

The benefit of the Risk-Reward Ratio is that it allows an investor or trader to manage their portfolio risk. A person can safeguard himself from taking too much risk for too low a reward.

However, it has a limitation as well.

2. Limitation of Risk-Reward Ratio

Risk-Reward Ratio cannot be used in isolation. It needs to be used with other tools and techniques to make a successful investment decision.

Several other factors should also be considered, such as:

Current market conditions, Trade timing Stop Loss and Target Profit levels, Technical analysis and many more Conclusion – Risk-Reward Ratio

So, this is how you can calculate Risk-Reward Ratio and incorporate it into your investment strategy. Further, we understand that by learning proper portfolio risk management, you can save yourself from burning hands.

We hope this post is helpful to you. Let us know if you want us to cover more Risk Management tools. Further, let us know your feedback and comments.

Please note that nothing written in the post is a financial advice. Please consult your financial advisor before making any trading or investment decision.

Frequently Asked Questions (FAQ) What is Portfolio Risk Management?

Portfolio Risk Management is a process of measuring and managing the risk of an investment or trading portfolio.

What is the Risk-Reward Ratio?

The Risk-Reward ratio compares a potential loss on investment with the potential profit. In simple words, it’s the measure of Risk taken for investment with its corresponding Reward.

How is the Risk-Reward Ratio calculated?

Risk – Reward Ratio = (Possible Loss from the Investment) / (Possible Profit from the Investment)

How is the Risk-Reward Ration used?

If Actual Risk-Reward Ratio < Expected Risk-Reward Ratio, consider the investment proposal.
However, If the Actual Risk-Reward Ratio > Expected Risk-Reward Ratio, reject the investment proposal.

- Mr. Creatonics
The Downfall of FTX Exchange & What To Expect Next? (Editorial)

Note: This is an excerpt from the newsletter sent to the CoinSutra email subscribers. If you are not yet subscribed to our email or part of the Telegram group, consider joining for updates.

Hi {{ subscriber.first_name }}

The last week in crypto felt like a lifetime. As it is, our investment was crippled due to the bear market, and we all were secretly hoping for a slow recovery.

However, one of the top crypto exchanges, FTX, turned out to be evil and misused users’ funds for their gain and eventually lost all of its users’ funds. It resulted in FTX halting withdrawals, and many innocent investors’ and traders’ funds were stuck in the FTX exchange.

It is impossible to guess if we will ever get the funds back. If you are one of those who lost your funds because of FTX, our love and prayer go to you.

I’m not going deep into why FTX collapsed, as many articles like this and this will help you understand what all went wrong.

I’m here to share some of my notes on how I see the industry, and this is just my understanding, so take it with a pinch of salt.

The Future impact of FTX Exchange Downfall

1. Cascading effect –

One thing is that the worse is not behind us. There will be a cascading effect just months after Luna’s crash. We heard the news about Celsius and Voyager’s platforms falling apart.

Many VC funds and investor/traders pooled funds are stuck, and the news is coming out every other hour of people losing their funds.


— (@Investingcom) November 14, 2022

2. The advocacy for proof of funds –

The entire crypto industry is not rooting for centralized exchanges to share the proof of funds.

Nansen (An independent on-chain analysis report company) has worked with some willing crypto exchanges to