CRYPTONAIRE
WEEKLY CRYPTO investment journal
CONTENTS
WEEKLY CRYPTOCURRENCY MARKET ANALYSIS...............................................................................................................5 TOP 10 COINS........................................................................................................................................................................................6 Top 10 Coins by Total Market Capitalisation ...................................................................................................................6 Top 10 Coins by Percentage Gain (Past 7 Days) ...........................................................................................................6 Top 10 Coins added to Exchanges with the Highest Market Capitalisation (Past 30 Days) ..........................7 CRYPTO TRADE OPPORTUNITIES...............................................................................................................................................9 ADVERTISE WITH US........................................................................................................................................................................14 ADVANCEMENTS IN THE CRYPTOCURRENCY WORLD ..................................................................................................15 Biden plans for former Fed Chair and noted Bitcoin bear to lead US Treasury....................................................15 Bitcoin Shortage is Real; PayPal & Cash App Buying More Than 100% of All Newly-Issued BTC..................16 Ethereum 2.0 Deposit Contract Secures Enough Funds to Launch..........................................................................17 More Institutions Are Buying Bitcoin, Say JPMorgan Analysts ....................................................................................19 XRP Surpasses $22.2 Billion Market Cap, Hits Trading Volume Record, Reclaims Top 3 Crypto Spot Over Tether....20
Bitcoin hits the front page of The Wall Street Journal.....................................................................................................21 $20 Billion in Crypto Under Custody: Coinbase Sees ‘Explosion of Capital’ From Institutional Investors .....23 U.S. feds forget to seize $400k in Bitcoin forks...............................................................................................................24 Poker Websites Buying Millions of Dollars Worth of BTC Per Day to Meet Crazy High Customer Demand......25 Gold Sinks as Bitcoin Price Nears Record High...............................................................................................................27 WISE TOKEN ANNOUNCEMENT – UNPRECEDENTED COMMUNITY COMMITTED OVER 14,200 ETH SO FAR! .......28 HOW BUSINESSES CAN BENEFIT FROM UTILIZING THE ATROMG8 ECOSYSTEM?..........................................................30 INVESTMENT MANAGEMENT APPLICATIONS – QUIVERX INVESTMENT APP FOR ALL..................................................36
Cryptonaire Weekly | November 24th 2020
2
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
Editor’s Letter
Bitcoin is very close to a new all-time high. The sharp rally of the past two months has brought back the focus on cryptocurrencies. Crypto has again made it to the front pages of mainstream media, including The Wall Street Journal. PayPal’s crypto adoption has been one of the major factors that started the current bull run. A report by crypto investment firm Pantera Capital highlights that PayPal has been buying about “70% of the new supply of bitcoins.” According to Pantera, the remaining 30% of the supply is being lapped up by Cash App. This has created a shortage, which could be one of the contributing factors to the recent rally.
OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE ARE WISE TOKEN ANNOUNCEMENT – UNPRECEDENTED COMMUNITY COMMITTED OVER 14,200 ETH SO FAR! HOW BUSINESSES CAN BENEFIT FROM UTILIZING THE ATROMG8 ECOSYSTEM? & INVESTMENT MANAGEMENT APPLICATIONS – QUIVERX INVESTMENT APP FOR ALL We had suggested traders close their remaining position in the previous analysis because we expected $17,200 to act as a stiff resistance. However, that did not happen. The bulls easily pushed the price above the $17,200 mark on November 17. Bitcoin reached a high of $18,980 on November 21, just shy of the all-time high at $19,891.99. The price formed a Doji candlestick pattern on November 21 and the bears attempted to start a correction on November 22, but the bulls aggressively purchased at lower levels. This suggests that bulls are accumulating on dips. However, the bears are defending the higher levels and that led to another Doji candlestick on November 23. This suggests indecision among the bulls and the bears about the next directional move. The upsloping moving averages and the RSI in the overbought zone suggest that bulls are in control. Hence, if the bulls can propel the price above $19,000, a rally to $20,000 is possible. This level is likely to act as a psychological barrier but if the bulls can drive the price above it, the momentum is likely to pick up and the BTC/USD pair could form a blow-off top, which is usually followed by a sharp correction. On the other hand, if the bears sink the price below $17,610.77, it would indicate the start of a correction that could reach the 20-day EMA. If the price rebounds off this level,
Karnav Shah
the bulls will again try to propel the price to new all-time highs.
Chief Editor
Lastly please check out the advancement’s happening in the cryptocurrency world.
Enjoy the issue! Cryptonaire Weekly | November 24th 2020
3
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
CRYPTONAIRE WEEKLY After mentoring thousands of crypto traders around the globe, we have culminated all of the consistent and ongoing requirements of crypto-traders into one place. Our Cryptonaire Weekly magazine includes expert technical analysis, providing trading opportunities to our subscribers as well as fundamental analysis so our readers can keep up to speed with the current developments in the crypto markets. Not only do we provide the information necessary to trade active cryptocurrencies on the exchanges, but we also take a look at ICOs to help you find those golden projects with real value! No longer will you have to rely on multiple sources to keep on top of the markets, we deliver everything directly to your inbox each and every week. What are you waiting for? Subscribe now!
Featuring in this weeks Edition: - QuiverX - WiseToken - PIF - Atrom Network - IQONIQ Also Get, - Markets Analysis - Market News Update - Read Our Latest Blog: WISE TOKEN ANNOUNCEMENT – UNPRECEDENTED COMMUNITY COMMITTED OVER 14,200 ETH SO FAR! HOW BUSINESSES CAN BENEFIT FROM UTILIZING THE ATROMG8 ECOSYSTEM? INVESTMENT MANAGEMENT APPLICATIONS – QUIVERX INVESTMENT APP FOR ALL
For Latest update
SUBSCRIBE NOW
Cryptonaire Weekly | November 24th 2020
4
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
WEEKLY CRYPTOCURRENCY MARKET ANALYSIS Hello, crypto traders welcome to this week’s 158th edition of Cryptonaire Weekly. The overall Cryptocurrency Market Cap stands at $566 Billion. We have seen a $89 Billion increase in the Market Cap since last week. Bitcoin price is currently around $18,405 from $16,700 last week and has increased by 10.21% and Ether price is now at $617 from $465 last week and has increased by 32.69%. The current market cap for bitcoin is $342 Billion, and for Altcoins, the current market cap is $224 Billion. Bitcoin is very close to a new all-time high. The sharp rally of the past two months has brought back the focus on cryptocurrencies. Crypto has again made it to the front pages of mainstream media, including The Wall Street Journal. The current crypto bull market has largely been driven by greater adoption by institutional investors. The latest billionaire to invest in Bitcoin is Ricardo Salinas Pliego, the second-wealthiest man in Mexico. Pliego tweeted that he held 10% of his liquid portfolio in Bitcoin. PayPal’s crypto adoption has been one of the major factors that started the current bull run. A report by crypto investment firm Pantera Capital highlights that PayPal has been buying about “70% of the new supply of bitcoins.” According to Pantera, the remaining 30% of the supply is being lapped up by Cash App. This has created a shortage, which could be one of the contributing factors to the recent rally. As cryptocurrencies pick up momentum, they are likely to attract several speculative traders who would again jump in and attempt to become rich overnight. After the rally in top cryptocurrencies, soon, the underperformers and shitcoins may start soaring. This usually happens at the end of a bull market. Hence, traders should be careful not to get sucked into such a rally with dreams of earning quick money.
Cryptonaire Weekly | November 24th 2020
5
Percentage of Total Market Capitalization (Dominance)
Bitcoin
60.46%
Ethereum
12.39%
Tether
5.45%
XRP
3.31%
Chainlink
1.13%
Litecoin
1.13%
Bitcoin Cash
1.06%
Polkadot
0.98%
Binance Coin
0.93%
Cardano
0.85%
Others
12.31%
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
TOP 10 COINS Top 10 Coins by Total Market Capitalisation
Cryptonaire Weekly | November 24th 2020
6
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
Top 10 Coins by Percentage Gain (Past 7 Days)
Top 10 Coins added to Exchanges with the Highest Market Capitalisation (Past 30 Days)
Cryptonaire Weekly | November 24th 2020
7
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
Cryptonaire Weekly | November 24th 2020
8
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
CRYPTO TRADE OPPORTUNITIES BITCOIN - BTC/USD
We had suggested traders close their remaining position in the previous analysis because we expected $17,200 to act as a stiff resistance. However, that did not happen. The bulls easily pushed the price above the $17,200 mark on November 17. Bitcoin reached a high of $18,980 on November 21, just shy of the all-time high at $19,891.99. The price formed a Doji candlestick pattern on November 21 and the bears attempted to start a correction on November 22, but the bulls aggressively purchased at lower levels. This suggests that bulls are accumulating on dips. However, the bears are defending the higher levels and that led to another Doji candlestick on November 23. This suggests indecision among the bulls and the bears about the next directional move. The upsloping moving averages and the RSI in the overbought zone suggest that bulls are in control. Hence, if the bulls can propel the price above $19,000, a rally to $20,000 is possible. This level is likely to act as a psychological barrier but if the bulls can drive the price above it, the momentum is likely to pick up and the BTC/USD pair could form a blow-off top, which is usually followed by a sharp correction. On the other hand, if the bears sink the price below $17,610.77, it would indicate the start of a correction that could reach the 20-day EMA. If the price rebounds off this level, the bulls will again try to propel the price to new all-time highs. However, if the 20-day EMA gives way, the pair could dip to the 38.2% Fibonacci retracement level at $15,752.91. We do not find any reliable setup at the current levels, hence, we are not suggesting a trade in it. Cryptonaire Weekly | November 24th 2020
9
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
ETHEREUM - ETH/USD
We had advised traders to keep their partial long positions open because we were expecting the bulls to make another attempt to break out of $488.95. That happened on November 20 and the price soared above $500. The momentum picked up after this and Ether has quickly reached above the $621 level. There is a minor resistance at $625 but if the bulls can push the price above it, the rally could reach $800. However, after the recent leg of the rally, the RSI has risen close to 80, which suggests panic buying among the bulls. Vertical rallies are not sustainable and they usually result in waterfall declines. Therefore, traders can book partial profits close to the current levels and keep only a small position open with a trailing stop-loss. If the ETH/USD pair turns down from $625, the first support is at the 38.2% Fibonacci retracement level at $552.35, and if this support cracks, the correction could deepen to $530.86. We do not believe in chasing prices higher. Hence, traders should book profits and sit on the sidelines and wait for the next opportunity.
Cryptonaire Weekly | November 24th 2020
10
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
RIPPLE - XRP/USD
Traders who had purchased according to our recommendation are sitting on huge profits within a short period. We were expecting XRP to reach $0.3275 and face some resistance there, before moving to $0.40, as suggested in the previous analysis. However, the XRP/USD pair soared 40.10% on November 21 and followed it up with another 38.20% rally on November 23. Today, the price surged to $0.78, which is just below the target objective of $0.79. We believe that the current momentum is not sustainable. The RSI has reached above 92 levels, which shows that the rally is overextended in the short-term. Therefore, traders can book profits on about 80% of the position at the current levels and keep only a nominal 20% position open to ride the move higher, if that happens. On the downside, the first support would be at the psychological level of $0.50. We do not suggest buying again on dips because the moves are likely to be volatile with a high risk.
Cryptonaire Weekly | November 24th 2020
11
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
BITCOIN CASH - BCH/USD
We had recommended traders to buy Bitcoin Cash if it sustains above $280 for a few hours. Traders got that opportunity on November 21 and again on November 22. The sharp up-move of the past four days has pushed the price to $350. This level may act as a resistance but if the bulls can thrust the price above it, the next leg of the uptrend to $400 and then to $500 is possible. Traders can wait for a few hours and if they find the bulls struggling to sustain the price above $350, partial profits can be booked and the rest of the position can be trailed higher with a suitable stoploss. However, if the BCH/USD pair sustains above $350, traders can keep a close stop-loss on half position and trail the rest with a slightly wider stop-loss. If the price turns down from the current levels, the first support is at $326.73, and if this support cracks, the decline could reach $300.
Cryptonaire Weekly | November 24th 2020
12
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
CHAINLINK - LINK/USD
Chainlink closed (UTC time) above $13.40 on November 18 and that provided an opportunity to the traders to buy as recommended by us in an earlier analysis. This move completed the bullish inverse head and shoulders pattern that has a minimum target objective of $19.4888. The upsloping moving averages and the RSI in the overbought territory suggest advantage to the bulls. The buyers may face resistance at $18, hence, traders can watch this level closely. If they find that the bulls are struggling to push the price above it, partial profits can be booked. Unlike other top cryptocurrencies, the LINK/USD pair has been a slow mover. This suggests a lack of urgency to buy it. Hence, traders can keep a stop-loss at breakeven to protect their capital in case of any sharp turnaround.
Cryptonaire Weekly | November 24th 2020
13
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
Cryptonaire Weekly | November 24th 2020
14
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
ADVANCEMENTS IN THE CRYPTOCURRENCY WORLD Biden plans for former Fed Chair and noted Bitcoin bear to lead US Treasury
The Biden team looks to Janet Yellen to lead the next administration’s economic policy, which will have to navigate the wreckage left in the wake of the coronavirus. As President-Elect Biden continues to round out his roster of appointees, he has tapped an Obamaera chair of the Federal Reserve to lead his administration’s economic policy. According to a Wall Street Journal exclusive published on Nov. 23, the Biden team plans to nominate Janet Yellen to serve as Treasury Secretary. Obama originally appointed Yellen to the Fed in 2014, where she remained until early 2018. In a term that lined up with a massive expansion of public knowledge of cryptocurrencies and ended right after Bitcoin’s dramatic 2017 bull run, Yellen was consistently critical of the space, calling Bitcoin “anything but useful” in October of 2018. Times have, however, changed dramatically in just two years. At the end of 2017, Yellen dismissed the notion that the Fed was looking into issuing a digital dollar. Meanwhile, over the course of 2020, the Fed clearly began taking that prospect seriously. Read more...
Cryptonaire Weekly | November 24th 2020
15
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
Bitcoin Shortage is Real; PayPal & Cash App Buying More Than 100% of All Newly-Issued BTC
Ever since the Bitcoin halving on May 11, a mere 900 BTC have been generated every day, half of what has been mined before that day. At the time, BTC price was around $8,500, and legendary investor Paul Tudor Jones had just come out with his Bitcoin bull thesis calling it the fastest horse as an inflation hedge. While Square’s Cash App and Grayscale have been all in Bitcoin’s business, eating up more than half of the bitcoin supply, things were relatively very smooth. Now, nearly seven months following the halving, BTC’s price has increased 10x, currently trading around $18,500. This jump in price in the backdrop of zero and sub-zero interest rates, money printing by the central banks, and their ever-expanding balance sheets has captured the interest of companies like MicroStrategy and Square, celebrities like Maisie Williams and rapper Logic, high-profile investors like Stan Druckenmiller, Bill Miller, JPMorgan and BlackRock changing their tunes on BTC – seeing it replacing gold. Read more...
Cryptonaire Weekly | November 24th 2020
16
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
Ethereum 2.0 Deposit Contract Secures Enough Funds to Launch
The smart contract required for triggering the first phase of Ethereum 2.0 has enough funds to begin activation of Ethereum’s most ambitious upgrade yet, which will radically shift Ethereum’s economic model, resource usage and governance. The Ethereum 2.0 deposit contract, which was released in early November, has accrued more than 540,000 ETH (worth over $325 million) late Monday night, ensuring that the beacon chain for Ethereum 2.0 will launch next week, formally beginning the second-largest cryptocurrency’s shift from a proof-of-work consensus mechanism to a proof-of-stake one in hopes of solving a number of issues, including scalability. The Ethereum Foundation had previously set a soft launch date for Dec. 1, assuming the deposit contract saw 524,288 ETH staked by Nov. 24. It hit the target with hours to spare, after more than 150,000 ETH were deposited in a 24-hour period. The last 25% of the ETH needed to trigger the contract was deposited in four hours. The contract held just 385,440 ETH as of 22:45 UTC on Monday. Ethereum saw its price rise nearly 10% over a 24-hour period Monday, surpassing $600 for the first time in two years. Read more...
Cryptonaire Weekly | November 24th 2020
17
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
Cryptonaire Weekly | November 24th 2020
18
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
More Institutions Are Buying Bitcoin, Say JPMorgan Analysts
In their “Flows & Liquidity” report, JPMorgan analysts say institutions are piling into bitcoin at a stronger pace this quarter than they were in Q3, and may have a bigger role in price movement than commodity trading advisors, or CTA. The Friday report was written by Nikolaos Panigirtzoglou, Mika Inkenen and Ekansh Agarwal. They said institutional investors are looking at bitcoin as a long-term investment. As proof, they cited the growing size in Q4 of Grayscale Bitcoin Trust, whose customers are mostly institutional. In Q3, retail customers bought $1.6 billion worth of bitcoin using Square’s Cash App, some three times more than what was invested in Grayscale’s bitcoin product. This quarter, however, the Grayscale Bitcoin Trust is at three times its Q3 numbers. There is no data at present for Square customers’ bitcoin buys. Grayscale Investments is a digital asset management firm owned by venture capital firm Digital Currency Group (DCG), which also owns CoinDesk. JP Morgan also speculates bitcoin’s failure to revert to its mean price in recent weeks is a sign that momentum traders such as CTAs have had a shrinking role in the market relative to institutions. Read more...
Cryptonaire Weekly | November 24th 2020
19
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
XRP Surpasses $22.2 Billion Market Cap, Hits Trading Volume Record, Reclaims Top 3 Crypto Spot Over Tether
XRP’s daily trading volume has soared to a record high as the digital asset overtakes Tether (USDT) to become the third-largest cryptocurrency by market cap. Data from the crypto price aggregator CoinMarketCap reveals that XRP surged to a 2020 high of $0.49 on November 22nd as its market capitalization swelled to over $22.2 billion. Daily trading volume spiked to a record high of $16.99 billion. In comparison, XRP’s daily trading volume hovered around $9.5 billion when it recorded its all-time high of $3.84 per coin in January 2018. While XRP has made waves over the last few days, not all analysts are convinced that the thirdlargest cryptocurrency can sustain its bullish momentum. Crypto strategist and trader Michaël van de Poppe believes that Ripple’s native asset is likely due for a correction. “We can expect XRP to relatively top out soon unless it flips this $0.50 level. So if we get a momentum like this and we flip there ($0.50), that would definitely argue that we’re going to see a continuation. But, given the significance of the previous range of resistance between $0.27 to $0.30, it would definitely be expected to see a correction towards that region before we can see an impulse wave.” Ripple is the owner of over half of the total supply of XRP, with a large number of its holdings locked in escrow accounts. As of writing, XRP is trading at $0.45 and is up 68% in the last seven days. Read more...
Cryptonaire Weekly | November 24th 2020
20
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
Bitcoin hits the front page of The Wall Street Journal
Crypto is against capturing the attention of the mainstream media, with the front page of today’s Wall Street Journal discussing Bitcoin’s 80% rally since reclaiming five-figure prices. After rallying 80% in two months, Bitcoin is recapturing media interest from the top end of town, with The Wall Street Journal discussing the cryptocurrency’s adoption among institutional investors on the front page of its Nov. 23 issue. The report notes that Bitcoin has recently found support from “Wall Street billionaires” Paul Tudor Jones and Stanley Druckenmiller, alongside other public figures including a sports radio host. WSJ’s coverage comes following a lull in Bitcoin’s presence in mainstream outlets, despite the cryptocurrency surging to test rarely seen prices while setting new records for market capitalization. In addition to significant investments from hedge fund managers and Grayscale Investments, WSJ emphasizes increasing demand from retail investors who can now access crypto assets through familiar financial service companies. The report notes that Bitcoin volumes on Square’s Cash App were $1.6 billion during the third quarter of 2020, compared to $555 million for the entirety of 2019. Trade activity on U.S.-based exchange ItBit also surged after it was revealed that PayPal’s Bitcoin trading services would be executed through the platform. Read more...
Cryptonaire Weekly | November 24th 2020
21
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
Cryptonaire Weekly | November 24th 2020
22
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
$20 Billion in Crypto Under Custody: Coinbase Sees ‘Explosion of Capital’ From Institutional Investors
Coinbase has revealed that it has had “an explosion of incoming capital.” Its assets under custody currently stand at $20 billion, $14 billion of which were accumulated since April. Coinbase highlights a string of bullish events that have “really unleashed” a wave of institutional adoption.
Coinbase Has $20 Billion Under Custody Coinbase’s Head of Institutional Coverage, Brett Tejpaul, talked about institutional demand for bitcoin in an interview with Heidrick & Struggles International, published on Friday. Tejpaul has 25 years of experience in sales and trading, with almost 17 years at Barclays, and nine years at JPMorgan. He explained that he joined Coinbase six months ago, and is now “responsible for growing the institutional adoption of cryptocurrency, across sales, trading, custody, and Prime.” Prime is Coinbase’s services for institutional clients, including asset managers, hedge funds, and VCs. “It’s a phenomenal time for crypto … Sometimes timing is everything,” Tejpaul opined. “We have had an explosion of activity,” he added, elaborating: I joined in April this year, at that time our assets, institutional assets under custody were $6 billion, today we stand at over $20 billion, so more than a three time increase. Read more...
Cryptonaire Weekly | November 24th 2020
23
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
U.S. feds forget to seize $400k in Bitcoin forks
Crypto research firm Coinfirm has found that US authorities have left “substantial funds” left on various cryptocurrency wallets seized from criminals over the years, as a result of multiple “forks” that issued newer cryptocurrencies that traded on public markets. The firm traced a majority of such funds back to a Silk Road wallet seized by the United States Department of Justice earlier this month. The regulator announced it had picked up over $1 billion belonging to the now-defunct darknet marketplace at the time, but no information about the forked funds was provided. In addition, Coinfirm said that the wallet’s owners (now in the custody of the government) might still have access to the forked funds — collectively worth millions of dollars at their peak and a little under $400,000 today.
Don’t overlook Bitcoin forks As per a blog post, Coinfirm’s self-funded investigation found that various Bitcoin forks — Bitcoin Diamond (BCD), Super Bitcoin (SBTC), and Bitcoin Private (BTCP) — were among the forked assets that the U.S. government “seemingly overlooked and left in the hands of whoever has access to the private keys of the main wallet.” Read more...
Cryptonaire Weekly | November 24th 2020
24
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
Poker Websites Buying Millions of Dollars Worth of BTC Per Day to Meet Crazy High Customer Demand
Bitcoin is helping people get hilariously rich as it continues to surge. According to Bloomberg, online gamblers have also taken to cashing out in BTC to get their winnings bigger and bigger. Winning Power Network, which operates AmericasCardRoom.eu is one of the poker websites that reported buying millions of dollars worth of Bitcoin a day from the over-the-counter (OTC) trading desks in recent weeks to meet the demands of its players, which is dominated by Americans despite online poker being illegal in most states, said Chief Executive Phil Nagy. He said,
“Right now, 90-95% of our payouts are people asking for Bitcoin because it’s going up.” “We are constantly having to go out and buy Bitcoin — lots. Lots. More than we’ve even had to before.” More than 60% of its transaction volume, which is about $100 million a month, is currently in Bitcoin. Due to this crazy high demand, brokers are charging up to a 1.5% premium. This makes sense given that Bitcoin beats the traditional asset by a wide margin, up 150% YTD reaching $18,600, a level last seen right around the peak of December 2017. While before this rally, 60 of WPN’s customers were cashing out in Bitcoin, this has now shot over 90%. Read more...
Cryptonaire Weekly | November 24th 2020
25
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
Cryptonaire Weekly | November 24th 2020
26
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
Gold Sinks as Bitcoin Price Nears Record High
It seems that economic crises are the fuel that feeds Bitcoin’s engines. While 2020 was a catastrophic year for the global economy, BTC has managed to recover almost all the value it lost in 2018 after an extended bearish correction. This trend has intensified in recent days, as markets stay optimistic after Trump’s defeat and the rollout of a COVID-19 vaccine gets closer. Bitcoin has been outperforming traditional investments, including gold, considered the store of value par excellence in the world of international finance.
Gold is coming down to earth The past few weeks’ events have made gold less attractive as investors begin to buy shares in businesses that may soon recover from the global economic downturn—such as pharmaceutical or logistics companies. And the charts show it. Gold has been correcting downwards since August, maintaining strong support near $1,835. Lower and lower spikes are a warning signal for hodlers. The metal stopped being overbought and is moving toward a more balanced ratio between buyers and sellers. But this week started off ugly for the precious metal with a drop of nearly $45 between its daily high and its current price. Short-term traders should beware of a possible bearish breakout, as its current price of $1,838 an ounce is dangerously close to the support. Read more...
Cryptonaire Weekly | November 24th 2020
27
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
WISE TOKEN ANNOUNCEMENT – UNPRECEDENTED COMMUNITY COMMITTED OVER 14,200 ETH SO FAR!
Wise Token is pleased to announce an unprecedented community response to our contract’s token sale that started on November 11 and lasts until December 30th. Over 14,200 ETH has been sent to reserve Wise ($6.7 million) and the amounts sent in each day continue to form all-time highs. It is clear to us at the Wise Foundation that after a Summer of crypto rug-pulls and scams, the community is hungry for an honest project with sustainable tokenomics. Wise token has been in development since December 2019. It’s 100% complete, audited by Coinfabrik, and has no admin keys, or anything that would threaten it’s completely decentralized nature.
Cryptonaire Weekly | November 24th 2020
28
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
Wise Token is pleased to announce an unprecedented community response to our contract’s token sale that started on November 11 and lasts until December 30th. Over 14,200 ETH has been sent to reserve Wise ($6.7 million) and the amounts sent in each day continue to form all-time highs. It is clear to us at the Wise Foundation that after a Summer of crypto rug-pulls and scams, the community is hungry for an honest project with sustainable tokenomics. Wise token has been in development since December 2019. It’s 100% complete, audited by Coinfabrik, and has no admin keys, or anything that would threaten it’s completely decentralized nature.
Cryptonaire Weekly | November 24th 2020
29
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
HOW BUSINESSES CAN BENEFIT FROM UTILIZING THE ATROMG8 ECOSYSTEM?
APPLIED BLOCKCHAIN – WHY WAS ATROM CREATED? Applied blockchain technology is only seen in a few well-established crypto companies recently utilising blockchain technology has gained prominence among businesses, consumers, and other investors since 2017. One such crypto projects that businesses can consider investing in is the ATROMG8. Also referred to as the ATROM, the ATROMG8 crypto coins have been divided into 100,000,000 units of BETROM. It is an ecosystem built and designed based on advanced software that was created from numerous open-source projects of the previous decades as well as a decentralized transactional platform. The ecosystem has been designed to support education, digital environment, payment, communication, gig economy, and more while extending privacy and security. ATROMG8 serves as an innovative multi-DLT Blockchain-based system, powered by the latest MixNet 5.0. The project is gradually carving its own niche within the crypto sector. The system is designed to operate as a secured network where companies and people across multiple categories can communicate, work as well as exchange values. This means that user decides who will get their data and the manner in which it can be used.
Cryptonaire Weekly | November 24th 2020
30
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
Besides, the metadata, as well as the messenger products, remain hidden from ATROMG8 or other participants. It can’t be recorded or requested since it does not get stored anywhere as well as functions on the decentralized server-based systems. To be able to provide a comprehensive range of services to its users, ATROMG8 has partnered with numerous service providers such as trading platforms, banks, and crypto exchanges. In doing the same, ATROMG8 ensures it chooses only licensed and legally compliant service providers. THE RELEVANCE AND BENEFITS OF ATROMG8 ECOSYSTEM FOR BUSINESSES – APPLIED BLOCKCHAIN TECHNOLOGY The decision of using cryptocurrency is slightly involved in a business organization in comparison to an individual. This is because there are many business assets and people involved. A growing number of businesses are turning to cryptocurrencies as a method of payment, as they have begun to realize the many benefits it provides with regard to cost, security, and speed. Today, businesses have also become conscious about the fact that it is important to keep abreast of the latest technologies, particularly the ones that can improve how they operate while providing customers an increased number of payment options. Businesses that rely on cryptocurrencies for payment methods can save their transaction or banking costs. Remember, the banking costs are traditionally severe and can create a huge dent in the business profits. Given that cryptocurrency-based platforms are decentralized, and there aren’t any governmental or regulatory authorities to manage it, no amount of fee collection takes place, thus resulting in huge annual savings for the businesses. Apart from this, with the use of cryptocurrencies like ATROMG8 that have applied blockchain technology, businesses can ensure fast transaction times and improved customer services. This further helps businesses to better manage their finances and avoid frauds as well as chargebacks. With the advent of the coronavirus led pandemic, one thing has become quite apparent that the world requires more digital solutions that have applied blockchain, than what was expected earlier. This would help to keep the structures operational as well as help communities to spend time with each other, communicate, and earn funds in a secure and trusted environment. As per many expert reports, as many as 12 giant ecosystems will come into effect worldwide by 2025, with a $60 trillion turnover. This amounts to almost 30% of the world’s sales volume. The design, type as well as composition of ecosystem shall vary as per their geographical area or location, based on their cultural preferences and regulatory or legal requirements. Given the scenario, many other ecosystems such as ATROMG8 as well as its partners have emerged to tackle the communication requirements, office/home needs, and education as well as gig economy. The study further clarified that the organizations that give importance to the customers have now become highly valuable organizations worldwide. In fact, 7 out of these 10 giant corporations (in terms of market cap) are ecosystem-based players and include the likes of Microsoft, Amazon, Facebook, Apple, Alibaba among others. Cryptonaire Weekly | November 24th 2020
31
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
ATROMG8 is working to build the future, and the giant corporations will also join them while ensuring data, communication, security, and privacy protection. Makers of the ATROMG8 system think that there are much better ways of treating communities’ information and data in comparison to how it is being currently handled today. A couple of years ago, there weren’t any industry driven regulations. However, today the landscape has transformed drastically with every nation having its own legislation and regulations for space. In their bid to provide country-based services that are following the latest laws as well as supported by regional authorities, ATROMG8 has applied blockchain technology and complies with the regulations in every region. Hence, organizations and businesses from around the world can develop their own crypto coin, or digital token, as well as products on ATROMG8’s open-source blockchain-based system. All of this takes place as per the regulations applicable in the country, and in a protected and safe environment. Apart from this, the ecosystem’s tech partners provide a wide range of solutions to organizations/businesses that range from complex integrations to simple APIs. HOW EASY IS IT TO USE ATROMG8 ECOSYSTEM – APPLIED BLOCKCHAIN TECHNOLOGY Several stakeholders come together and work hard to design ATROMG8’s secure and dynamic ecosystem. The system offers private conversations and secure transactions as the participants within the ecosystem function using their digital identifications, and in a pseudo-anonymized manner across all the offerings, whether messenger, service provider, or any other opensource and community-based composition. The primary mission of the ATROMG8 ecosystem that has successfully applied blockchain is to create a real-time network, which is powered by a globally active system that is both private and secure. The world today has several messaging and communication apps that offer end-to-end secured encryption, but none of them provide encryption of the metadata. Even those apps that are highly safe require your permission to gather specific data for service-based diagnostics and performance, updates, and evaluations. This could include activity reports, log files, performance reports, and logs. Apart from this, information regarding the browser, operating system, including the IP addresses, search history, as well as mobile network information is also gathered and stored. The above threats, as well as threats related to malware attacks and hacking, also exist on these online platforms. Many experts and specialists think that having a platform created as well as encrypted by a couple of individuals can always be tricky. While technological applications can be controlled, none can control human intentions. Despite the latest techniques, the ones that can access the databases and tools must be trusted to ensure that they don’t ever turn malicious. With the ATROMG8 ecosystem and applied blockchain technologies, all these issues can be addressed significantly. ATROMG8 is the next-generation and outstanding global communication system that ensures the secure, reliable, and private exchange of digital content. It offers many value-added services to all individuals to ensure that wealth is distributed in a fairer way globally.
Cryptonaire Weekly | November 24th 2020
32
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
ATROMG8’s applied blockchain architecture has been designed to develop an individual and enterprise ecosystem with payments & messaging solutions at a time when the world is plagued with issues like hidden costs of transaction and zero privacy. Thus, ATROMG8 intends to make the most of the latest technologies such as blockchain to design an optimized system for secure and safe communication.
HOW TO GET STARTED UTILISING THE ATROMG8 ECOSYSTEM? To get started, one can purchase the coins at the exchange, and a receipt will be provided for the services offered and node operation. On the other hand, when it comes to spending the coins, one can use it in the ecosystem as well as for the services consumers. Additionally, coin holders are also allowed to stake their digital coins as well as participate in lucrative offers of around 30% per year once the system is up and running. The total gathered fees shall be distributed among ATROMG8’s partners, service providers, and the charity.
Main-Net Launch Announcement #ATROMG8 Main-Net launched last week and is in the early stages of integrating over the coming weeks and months all the projects and features for full use.
What happens now the Main-Net Goes Live? As there was a smooth launch a user can now utilize the ATROMG8 ecosystem and built their projects, especially projects related to Communication and Payments. As you all may know we have been publishing content on ATROMG8 and how we believe this is a solid project and are constantly delivering on time and with total professionalism. If you do not have an account on ATROMG8 platform here is a link for quick access https://atromg8. com/
Cryptonaire Weekly | November 24th 2020
33
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
TOP 5 REASONS BUSINESSES SHOULD USE ATROMG8 ECOSYSTEM
Cryptonaire Weekly | November 24th 2020
34
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
Cutting-edge Technology: ATROMG8 harnesses the cutting-edge features of technologies such as blockchain to design a highly optimized system for secure and safe communication. Privacy: Today, privacy is one of the biggest concerns for both individuals and businesses. To address the same as well as to offer end-to-end encryption and protected communication, ATROMG8 harnesses the power of decentralized ledger. This can be accessed by numerous networks, and they can process transactions securely, and directly through satellite communication. Means of Exchange: ATROMG8 ecosystem has been curated to serve as a means of exchange, storing value, as well as for P2P transactions. The platform is empowered by its tokens-AG8, which can be used to access as well as use different features of the ATROMG8 ecosystem. Mode of Payments: The AG8 tokens can be used by businesses as a method of payment for receiving and sending data, services’ costs, aside to compensate for network operators. Secure and Seamless: The ATROMG8 platform is all-inclusive and offers secure, safe, affordable, and seamless communication under a single platform.
CONCLUSION In a nutshell, businesses that have integrated and applied blockchain-based systems like ATROMG8 within their own ecosystems stand to enjoy greater transparency, improved efficiency, better security, and increased traceability. All of this further results in increased business profits and performance.
Cryptonaire Weekly | November 24th 2020
35
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
INVESTMENT MANAGEMENT APPLICATIONS – QUIVERX INVESTMENT APP FOR ALL
Investment management applications is there a place for them in todays world? Investing mindfully is the ideal way to build a secure future. But, when your investment portfolio begins to grow and expand, keeping a track of all your securities/investments can be quite the task. This is where the investment management applications come in handy. Investment management platforms and applications allow investors to manage as well as track their portfolio with minimal efforts. With the advent of app-driven investments in the past couple of years, investing in securities has become easier for both individuals and companies. Today, a number of prominent applications have simplified investment for individuals, regardless of their previous investment experience. A major reason behind the increase in the popularity of investment management applications is the need among people to constantly manage, improve, track as well as protect their investment portfolio against difficult market conditions. Over time, several new-age investment applications have emerged that are facilitating the investors in several ways. Below, check out the top 5 investment management platforms.
Cryptonaire Weekly | November 24th 2020
36
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
TOP 5 INVESTMENT MANAGEMENT APPLICATIONS As already mentioned above, blockchain has the power to transform the investment management applications industry. It allows investors to carry a highly trusted and easy to use a digital identity, which is further linked with their financial records as well as transaction history.
WHEN IT COMES TO THE TOP 5 INVESTMENT MANAGEMENT PLATFORMS, INVESTORS CAN LOOK FORWARD TO USING PLATFORMS SUCH AS: 1.QuiverX Capital: It is a crowdfunding platform that uses blockchain technology, providing investors an opportunity to earn like professionals. The platform allows investors to take their investment capabilities a notch higher. With blockchain, investors can own a fraction of high-yielding shares.
2.Kickstarter: Kickstarter is a unique crowdfunding platform that helps people to gather funds from the general public, that circumvents traditional investment avenues of investment. IT is an excellent platform that enables people to transform their ideas into reality. It provides traction to unique projects which when rightly executed, can help people to build their own small companies. Project creators can select a preferred deadline as well as a minimum funding goal, and Kickstarter applies only 5% as its fee on the amount of money raised.
Cryptonaire Weekly | November 24th 2020
37
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
3.Mint: Mint is another popular investment, as well as a money management platform that offers a quick link to your investment accounts. Mint tracks all your accounts including banking, investment, retirement, and credit. Mint also provides information related to your fees, allowing you to discover the amount of money that is not being invested in your future.
Cryptonaire Weekly | November 24th 2020
38
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
4.Indiegogo: This is another excellent crowdfunding platform that provides support to people or small companies with innovative products. With Indiegogo, investors get a chance to support new entrepreneurs and technology right from their initial stages. This means you can evaluate a project/campaign and contribute as much as you intend to.
5.GoFundMe: GoFundMe is a leading crowdfunding platform that allows individuals to raise funds for events like celebrations, graduations, illnesses, and accidents. People can raise funds individually or choose to invite other people to join their fundraising team.
Cryptonaire Weekly | November 24th 2020
39
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
HOW THE BLOCKCHAIN CAN CHANGE INVESTMENT MANAGEMENT APPLICATIONS? Initially, blockchain gained prominence as a revolutionary technology that underpinned high-profile cryptocurrencies such as Bitcoin. However, now the technology is getting a significant amount of attention due to its ability to offer a solid infrastructure for recording and executing transactions. Blockchain has tremendous capabilities in transforming the investment management applications sector through the use of digital identities, smart contracts as well as other innovative components. In simple terms, blockchain works as a decentralized and distributed ledger-based system, capable of recording transactions securely as well as in a permanent and verifiable manner. As far as the banking & finance industry is concerned, it has been one of the key contributors in the area of blockchain application development. This is because blockchain impacts the investment management industry in multiple ways. To begin, it offers tremendous scope for open collaboration. Apart from creating resiliency, blockchain technology allows different networks to openly collaborate with each other. Additionally, blockchain offers improved privacy and security of data. It transforms how data is both accessed and stored in a network. Blockchain distributes records across different nodes, thus eliminating the chances of a data breach on a centralized database. With blockchain, one also enjoys benefits such as improved speed. A well-designed blockchain investment management app offers real-time information concerning investment tracking, providing asset managers an insight into the data as well as the changes which can impact their client’s investment portfolio.
Cryptonaire Weekly | November 24th 2020
40
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
Also, transactions that take place on the blockchain cannot be altered or changed without the need for any network permission. As a result, the activities related to the assets are duly verified and provide an accurate record to the asset managers for further use. Investment portfolios that have been built on the blockchain-based system benefit as a result of organized data systems that DLT provides. DLT further helps in accelerating communication between asset managers, investors as well as 3rd party entities.
WHAT MAKES QUIVERX DIFFERENT?
Cryptonaire Weekly | November 24th 2020
41
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
As far as QuiverX Capital is concerned, it is a unique crowdfunding platform that uses blockchain technology. QuiverX offers a platform for everyday investors that provides them with an opportunity to earn money like professionals. The platform allows investors to take their investment capabilities a notch higher. With blockchain, investors can own a fraction of high-yielding shares. QuiverX allows investors to make use of smart contracts designed on the Ethereum network and further invest them with complete transparency and confidence. Using their online wallet you can store, transfer as well as track trade-related information on your assets in the wallet. The platform runs on Amazon Web Services, which implies that you will never have to worry about the safety and security of your data. The QuiverX platform is easy to access and use. Hence, investors can invest in numerous cryptocurrencies and also seek other opportunities for investment in a single centralized location. QuiverX also allows investors to accrue as much as 18% APY rewards and keep their coins secure on their servers. QuiverX has applied blockchain to remodel the markets that are traditionally inaccessible, thereby providing opportunities for high-value investment at a low entry barrier. This further results in investors achieving a high percentage on their investments. QuiverX has been developed to enable seamless transactions on a centralized platform.
As far as investors are concerned, some of their major concerns include entry cost and the need for initial capital. Apart from this, they are also worried about privacy, reliability, and security when it comes to investment. Other concerns such as the number of commissions or fees charged, trading at best prices, and outstanding customer support are also some of the issues that investors face today. With QuiverX platform retail investors can access previously inaccessible investment markets that have a high fee and minimum investment requirement of around one million dollars. Investors who choose to participate in the QuiverX token get the right to buy their share in their revenue stream. Hence, when the token increases in value, investors can either cash it or reinvest it, earning rewards to the tune of 18% on an annual basis by staking token in their system. The highly innovative platform has been designed to process safe, secure, and+- high-value transactions while enabling every investor to function anonymously by carrying out verified transactions through their blockchain system. QuiverX imposes an extremely low fee, making investment management simple and convenient, irrespective of whether investors are using cryptocurrency or fiat money. The QuiverX token functions as the utility token as well as a credit system that delivers numerous functions, such as granting specialized access to holders and paying for services on its site.
Cryptonaire Weekly | November 24th 2020
42
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
THE QUIVERX APPLICATION The QuiverX platform is designed to offer both reliability and security. Using the QuiverX token, which is basically an ERC-20 digital token that can be easily held in an Ethereum ERC20 wallet, one can easily trade on different exchanges. In the near future, these tokens can also be utilized for loading Visa point of sales payment card option, buying cryptocurrency within the application, or reinvesting into projects displayed within the application. All the potential investment options will be displayed within the website and the holders of the QuiverX token will be able to scroll through them to pick and buy into the projects that they are interested in. Additionally, investors can also stake their digital coins, by leaving the desired token amount on the crypto exchange and earn around 18% on an annual basis. This amount will be payable only after their staking period comes to an end, and based on the amount that they may have staked.
CONCLUSION Investment management applications and platforms have become quite popular among seasoned as well as new investors. This is because of their easy to access interface and host of features. Over the last couple of years, there has been a drop in the startup, asset, and IPO investors and. This drop has taken place also due to inflation, it has a diminishing impact on the initial amount of capital required for investment. While most of the high-value projects look to acquire capital through angel investors, experienced investors cannot do the same easily. This is one of the reasons why the QuiverX Capital platform is special. It basically bridges the gaps lying between developers and investors, which means any project can easily be funded by several small investments run on a blockchain-based platform. This further provides every single investor an opportunity to claim a small percentage of the project that they have invested in.
Cryptonaire Weekly | November 24th 2020
43
+44 (0) 207 193 2931
CRYPTONAIRE
WEEKLY CRYPTO investment journal
Cryptonaire Weekly | November 24th 2020
44
+44 (0) 207 193 2931
