The international Pionex cryptocurrency exchange has been one of the fastest growing trading platforms in Asia in 2020 and it is now set to capture even more of the global market in 2021. What makes Pionex so popular is the trustworthy team of professionals behind it and the top notch automated trading tools that it offers for free to all clients.
With so many platforms, exchanges and protocols competing for your crypto these days it can be hard to know which to choose. The number one principle that should guide you is to find a company you can trust, and one of the best options for that is Pionex. It has around 100,000 users and it is one of the biggest Binance brokers while it aggregate liquidity from Huobi Global at the same time.
Pionex already has a U.S. MSB license and is pending for a Singapore MAS license. It never issued its own token like other exchanges and it is more likely to reach NASDAQ with an IPO than just pull another ICO. Pionex is backed by BitUniverse, and invested by prominent Chinese venture capital firms Banyan Capital, Shunwei Capital and Zhenge Capital.
In September 2020, Bloomberg reported about the popularity of Pionex’s trading bots and mentioned that it has a team of around 80 people, most of whom are developers with experience from leading Chinese tech firms such as Cheetah Mobile, Alibaba Group and Baidu. Its Global CEO, Daniel Seng-Cheng YEO, has more than 30 years of experience in the finance industry, with Hong Kong SFC Securities Qualification Paper 1 RO for type 2 license.
Unlike some popular exchanges that only focus on short term gains for themselves, Pionex’s approach is to help their clients earn and keep as much as they can in the long term. This is evident as Pionex doesn’t try to push risky highly leveraged trading products on clients, instead encouraging them to limit leverage and think as investors not gamblers.
This approach is also evident in the trading bots that Pionex offer. These are not not meant to be similar at all to most advertised trading bots, they don’t promise to be money printing AI algorithms that will give you huge returns and in reality just lose all your funds. Pionex’s trading bots are automated tools that are built to assist a smart investor in implementing his strategy. In total Pionex offers a dozen trading bots, each built for a different market and different situation.
The first bot, and also the most popular one, is the Grid Trading Bot. Grid Trading is the strategy that has been used in the forex market and it basically helps traders to buy low and sell high in a specific price range. This bot is very suitable for the highly volatile crypto market as it can help investors to avoid the psychological pitfalls that make all human traders panic sell and fomo buy. The popularity of the Grid Trading Bot on Pionex has made many other leading exchanges try to copy it and offer their own version, but Pionex was the ‘pioneer exchange’ in offering this tool.
To learn how you can use it read Pionex’s recent blog post – The Best Bitcoin Trading Strategy For Newbies in 2021 – or watch the following video guide:
Get involved and meet the Pionex community on Reddit, Telegram, Twitter and Discord.
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CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, DEFI News, RIPPLE News • Crypto Timeless
CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, DEFI News, RIPPLE News
Bitcoin Claims $ 50K Why Bitcoin Could Rise To $ 52K
Bitcoin price gained bullish momentum and broke the $ 50,000 resistance against the US dollar.
Finally, the bitcoin price was able to overcome the $ 50,000 resistance zone. BTC climbed above the $ 50,200 and $ 50,500 levels. It traded to a new all-time high of $ 50,600 before correcting lower.
Decrease in profits from Ripple
Ripple was unable to hold above $ 0.5550 and fell more than 10% against the US dollar.
After closing above the $ 0.5000 level, the XRP Rpple price began a steady rise.
It hit $ 0.6445 and recently started another decline. There was a break below the $ 0.6000 and $ 0.5800 support levels. Price traded below the 50% Fibonacci retracement level of the upward movement from the swing low of $ 0.4507 to the high of $ 0.6443.
38 million XRP tokens dumped by Ripple co-founder Jed McCaleb.
During the lawsuit, former Ripple chief technology officer and co-founder Jed McCaleb was constantly dumping his XRP wallet.
Before leaving Ripple, McCaleb received 9 billion XRP, of which more than 6 billion have already been sold. While the co-founder of Ripple could do whatever he wanted with the tokens, an agreement was made on the amount of XRP he was allowed to sell per day to ensure that the transaction did not negatively affect the XRP price in the market.
The Ukrainian Government Office will use the Fantom blockchain for the exchange of intellectual property
The Ministry of Digital Transformation of Ukraine signed an agreement with INTELMAX Management Consulting
The Ministry of Digital Transformation of Ukraine signed an agreement with INTELMAX Management Consulting to create a platform on the Fantom blockchain for the exchange of intellectual property. They also planned to integrate blockchain technology into other government processes and services.
Thai Regulatory Authority Considers Qualification Of New Crypto Investors
The regulator believes that new investors in cryptocurrency should have a certain level of trading experience.
According to the Bangkok Post, the regulator is concerned about the safety of investors amid the recent skyrocketing cryptocurrency prices and the resulting flood of registrations on local exchanges.
The regulator seeks to determine if new crypto investors have sufficient experience and financial position to take on the risks associated with cryptocurrency trading and volatile price fluctuations.
New Emerging Markets Fund Targets Blockchain, DeFi Startups
Arcanum Emerging Technologies Fund will start operations in India, but its founders plan to expand their activities in other regions.
Asset management firms Alpha Innovations and Arcanum Capital have set up a $ 10 million venture capital fund focused on promoting blockchain innovation in emerging markets.
The Arcanum Emerging Technologies Fund will be the first of these, with an initial closure expected at the end of February, according to the company. The fund will provide seed and A series funding for blockchain companies in emerging markets.
This cryptocurrency exchange pays hackers to violate its security protocols
Cryptocurrency exchange from Brazil pays white-hat hackers.
BitcoinTrade, the second largest cryptocurrency exchange in Brazil, has just announced a partnership with BugHunt to create a program that encourages hackers to find bugs and errors on its platform and report them in exchange for money.
SEC’s Hester Pierce Calls For Cryptocurrency Regulation As A Bunch Of Institutional Interests
The institutional interest in bitcoin and cryptocurrencies is a strong sign that the digital asset market needs regulation.
The recent boom in institutional interest in bitcoin and cryptocurrencies could be a new sign that the market needs crypto rules.
US Securities and Exchange Commission Commissioner Hester Pearce said there is a need for precise regulation of the cryptocurrency. According to a recent news report, the growing interest in digital assets from large companies like BNY Mellon, Tesla, Mastercard, etc., may be a surefire sign that the authorities should probably develop crypto rules.
ETH 2.0 Approaches Takeoff As ETH Supply Exceeds $ 5.4 Billion
The total amount of Ethers allocated to the Ethereum 2.0 Beacon Chain Deposit Contract has now exceeded three million.
Ethereum developers are working hard to make the transition to Eth2 a huge success.
According to data available on Etherscan, interested validators have staked 3,088,610 ETH on the Eth2 Beacon Chain deposit contract, with crypto exchanges such as Kraken, Binance and others actively participating in the placement of ETH on the platform.
Author: by admin
Cryptocurrency Stock News: Labor SMART, Inc. To Accept Bitcoin and Ethereum as Payment
ATLANTA – February 17, 2021 (Investorideas.com Newswire) Labor SMART, Inc. (OTC: LTNC) (the “Company”), a leader in providing on-demand blue collar staffing primarily in the southeastern United States, today announced the decision to accept Bitcoin and Ethereum as payment methods for its services.
As more institutions adopt cryptocurrency into their asset management strategies, the Company believes offering BTC and ETH as payment options will expand client flexibility.
Ryan Schadel, President and CEO of Labor Smart stated, “Every week, we generate invoices and send them to our clients. If we take a credit card payment for the invoice, we are paying up to 3% for merchant services. If we take a check as payment, we are waiting 4 or 5 weeks to be paid. If we borrow against the receivable for cash flow, we are paying 2 or 3%. By giving our clients the option to pay in Bitcoin or Ethereum, not only are we giving them more flexibility with how they manage their own cash flow, but we will save on processing fees.”
Mr. Schadel continued, “Mainstream institutions are embracing crypto for its potential as a value store, payment method, and investment. As we continue to expand our business, we now have another valuable selling point. I believe crypto will be the preferred payment standard of the future and we are proud to be the very first in the staffing industry to accept crypto as payment.”
The Company expects the payment method to be live by mid-March via Coinbase.
On February 12, 2021, the Company disclosed its intentions to become current with otcmarkets.com.
About Labor SMART, Inc.
Labor SMART, Inc. provides On-Demand temporary labor to a variety of industries. The Company’s clients range from small businesses to Fortune 100 companies. Labor SMART was founded to provide reliable, dependable and flexible resources for on-demand personnel to small and large businesses in areas that include construction, manufacturing, hospitality, event-staffing, restoration, warehousing, retailing, disaster relief and cleanup, demolition and landscaping. Labor SMART believes it can make a positive contribution each and every day for the benefit of its clients and temporary employees. The Company’s mission is to be the provider of choice to its growing portfolio of customers with a service-focused approach that enables Labor SMART to be seen as a resource and partner to its clients.
Safe Harbor Statement
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Labor SMART, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words “may”, “would”, “will”, “expect”, “estimate”, “can”, “believe”, “potential”, and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Labor SMART, Inc.’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Labor SMART, Inc.’s filings with OTC Markets.com.
Labor SMART, Inc.
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Blockchain Firm Asks Nevada State for Permission to Build a Crypto ‘Smart City’ in Storey County
A crypto “smart city” could become a reality in Nevada’s desert, as a blockchain firm applied to make it possible. The investment company asked the state of Nevada to form a local government in Storey County.
According to a report published by the Associated Press, Blockchains LLC wants to build the crypto city within its 67,000 acres of land located in Reno’s east. But the application is not limited to Blockchains LLC.
The firm’s CEO, Jeffrey Berns, wants that local authorities grant other companies the green light to do similar projects in the state.
Per the company’s CEO, if they get the approval, the firm will establish its own laws, as they’ll be granted power on building schools and even law enforcement.
The crypto city also expects to deploy an economy based on digital currencies, where residents could purchase goods and pay for services via crypto assets.
However, they don’t want to limit the project to an economy’s digitalization. In fact, the smart city aims to record financial statements, medical records, and personal data on the blockchain.
The city will be located 12 miles east of Reno. The proposal also aims to build 15,000 homes starting from 2022, if the firm gets the approval.
For the long term, precisely within 75 years, Blockchains LLC would like to build 33 million square feet of commercial and industrial space.
Berns commented on the idea that Nevada changes its legal framework to allow “innovation zones” in the state:
We bought 70,000 acres of land in the county. What did they think we were going to do? (…) For us to be able to take risks and be limber, nimble and figure things out like you do when you’re designing new products, that’s not how government works. So why not let us just create a government that lets us do those things?
Although, Ben Kieckhefer, a blockchain-friendly Nevada Republican senator didn’t go into in-depth details on Blockchains LLC proposal, he said the following:
I don’t know enough yet to say whether I’m comfortable with this as the next step or not. But, look, it’s a big idea, and Nevada has been built on big ideas, so let’s hear it out.
The “innovation zones” mentioned by Berns are not a new concept in Nevada, at least within the local political sphere. The state’s governor Steve Sisolak highlighted the idea during his State of the State address on January 19, 2021, to “diversify the economy” in a post-pandemic era.
What do you think about the concept of a crypto “smart city”? Let us know in the comments section below.