S&P 500 Set for ‘bear market’ – How Much Further Can US Stocks Fall?

This blue-chip index is down almost 18% from its record high set on January 3rd this year, almost meeting the threshold for a ‘bear market’.

S&P 500 Daily chart

What is a ‘bear market’?

A ‘bear market’ occurs when the price of an asset has fallen by at least 20% from its recent high.

Although it’s a seemingly arbitrary number (it doesn’t mean that US stocks will only fall by 20%), this traditional definition of a ‘bear market’ can be used as a sign that the US economy is headed for trouble (though not always a recession).

What is the S&P 500?

The S&P 500 is an index which measures the overall performance of US stock markets.

This index comprises 500 large companies that are leaders in their respective sectors such as IT, banks, healthcare, industrials, and real estate.

Hence, the S&P 500 is often used as a barometer for the US economy.

And in recent months, the S&P 500 has been pointing south.

Why are US stocks falling?

The primary reason for the sheer drop in stocks is because the US Federal Reserve (and other central banks around the world) is raising interest rates and reducing their balance sheet.

The Fed is doing this because US inflation is staying stubbornly elevated, around its highest levels in 40 years!

Last month, the US consumer price index, which is used to measure the changes in prices that consumers pay for goods and services, rose by 8.3% compared to April 2021. Back in March, the CPI grew by 8.5% compared to the same month last year (year-on-year).

In order to help bring these consumer prices down, the Fed is trying to “destroy” some of the demand in the economy.

When interest rates rise …

= more money is sucked out of the economy
(e.g. a borrower needs more money to pay higher interest on existing loans. The money used for those higher interest payments could’ve been spent on other goods or services).

= businesses earn less income (due to less spending in the economy)

= businesses may eventually be forced to lower its prices to meet the lower demand for its goods and services

= lower inflation (consumer prices still rise, but no longer at such as steep pace)

Also, in order for a business to survive, sometime it has to lower costs by paying less for workers’ salaries, or even reduce the number of staff employed. This can translate into either folks having less in disposable incomes, or even fewer people with incomes to spend.

Hence, the so-called “demand-destruction” that can help ease inflation back lower.

However, this task of slowing down inflation is far from straightforward, and can have massively negative consequences

The Federal Reserve thinks it can lower demand gently enough without causing a recession (a recession = when the economy shrinks).

Markets however are highly sceptical and are growing more fearful about the possibility of a recession, or at least a stagflation (when inflation remains high but the economy barely grows).

  • Investors become less optimistic about the ability of US companies to generate profits over the near-term, if the economy were to become smaller by way of a recession.
  • Hence, investors sell the shares in these companies, preferring to invest in something safer or set aside the cash to help weather the possible recession ahead.

How low can the S&P 500 go?

According to Bank of America analysts, there have been:

  • 19 bear markets over the past 140 years
  • each time, the S&P 500 averaged a drop of 37.3% from its peak
  • the full drop happened over the course of 289 days

According to data from the S&P and Bloomberg, there have been

  • 12 bear markets for the S&P 500 since World War 2
  • average drop: 33.8% per bear market
  • duration lasted anything from a month (during the pandemic) to 3 years (May 1946 – June 1949, after World War 2).

Using such measurements, that suggests that the S&P 500 could ultimately fall down to the 3,000 mark by October.

Such a drop would bring the S&P 500 back to levels not seen since June 2020!

Perhaps at this juncture, it’s apt to quote Bon Jovi in saying (or singing) “we’re halfway there”, and (US stocks are) “livin’ on a prayer.”

The good news is that US stocks tend to recover faster than the time it takes to see its full drop.

Still, between now and then, there could be a lot more pain in store for stock markets not just in the US, but also worldwide.

By Han Tan Chief Market Analyst at Exinity Group.

For a look at all of today’s economic events, check out our economic calendar.

Pacman Frog (PAC), Solana (SOL), and Near Protocol (NEAR): Might Be Good Investment Opportunities for New Investors

These three cryptocurrencies have been doing incredibly well lately and may be great investment options for you. Don’t miss out on the chance to get in on the action!

Pacman Frog (PAC)

Pacman Frog (PAC) is a community-driven cryptocurrency project. The platform fully embraces the Decentralized Autonomous Organization (DAO) model. This means that any event on the platform will not be under the control of a single institution and the PAC community is influential in the decision-making process. The project team plans to develop a dedicated gaming branch by holding funding rounds to help drive the future of blockchain games and NFTs.

PAC is the token that allows users in the Pacman Frog DAO to vote for the future development of the project. As the project focuses on the community for a democratic and transparent functioning, the PAC token aims to evolve as a leading community icon with various use cases in NFTs, GameFi, DeFi and much more. Users do not need to pass KYC requirements to join the ecosystem.

You can become a part of PacDAO by keeping 1 million+ PAC tokens in your wallet. The maximum PAC token supply is 1 billion. The developer team states that all unsold PAC tokens will be burned. It is also stated that payments will be accepted in all major cryptocurrencies. The primary goals of the project include listing the PAC token on leading cryptocurrency exchanges to provide maximum liquidity.

Pacman Frog (PAC) supports gaming entrepreneurs and teams, providing them with a blockchain gaming platform and the skills needed to launch their first production in the global market. Additionally, it aims to provide real-time data on NFTs and statistics on their trading volume. So the project is completely focused on games.

Especially since the end of 2021, game-oriented NFT and Metaverse tokens started to attract great attention. At Pacman Frog (PAC), it is considering bringing early-stage projects under one roof. Pacman Frog (PAC) allows gamers to discover, buy and sell GameFi NFTs while also providing a highly developed marketplace for NFTs in games. PAC token holders have great advantages in the NFT market. In addition, the platform plans to create a system that will keep users up to date with the latest happenings in the world of blockchain, including cryptocurrencies, decentralized finance (DeFi), NFTs, GameFi, and Metaverse.

Solana (SOL)

Solana (SOL) is the 7th most valuable token on coinmarketcap.com. Solana, one of the most valuable tokens of the crypto ecosystem such as Ethereum (ETH) and Cardano (ADA), gained value with its alternative solutions that close the shortcomings of the Ethereum blockchain. Faster processing and lower transaction fees have made it one of the most recognizable cryptosystems.

One way to tell if Solana (SOL) is a promising asset is to take a look at the features it offers. Solana (SOL), a blockchain network launched in 2020, is faster and has lower transaction costs than Ethereum (ETH). We are faced with a network that has a work capacity of 65,000 transactions per second with close to zero fees.

Let’s remind you that Bitcoin (BTC) processes seven transactions per second, while Ethereum (ETH) processes 15 transactions per second. Indeed, Solana is one of the fastest programmable blockchains. It looks like the development team will take these features even further. They aim to reduce the block generation time to 80ms and trade on other decentralized exchanges built on the Solana (SOL) blockchain in a 1ms timeframe.

Near Protocol (NEAR)

The Near Protocol (NEAR) started 2022 fast. It first announced in January that it had raised $150 million in funding. Not long after, NEAR received investment from well-known companies such as Republic Capital, FTX Ventures, Hashed, Dragonfly Capital, ParaFi Capital, and others, as a result of a funding round led by hedge fund Tiger Global.

Thus, with the second funding round in 2022, NEAR has increased its total value by another 350 million dollars. NEAR announced that it will use the money it collects to finance the development of projects it will implement and accelerate the development of the blockchain. Meanwhile, Barry Silbert, founder of Digital Currency Group, tweeted that NEAR, which is part of the holding, is the third largest crypto company.

Infrastructure technology is one of the issues that need to be addressed in order to understand whether a cryptocurrency is a good investment option in the long run. Compared to first-generation blockchains such as Bitcoin and Ethereum, NEAR Protocol (NEAR) appears to be faster, scalable and more efficient. It is known that NEAR is designed to appeal to one billion main users. The NEAR Protocol (NEAR) can process more than 100,000 transactions per second. We’re talking about twice the speed of Solana (SOL).

Find out more:

Pacman Frog

https://presale.pacmanfrog.io/register

https://pacmanfrog.io/

https://t.me/PACMANFROGOFFICIAL

https://twitter.com/PacmanfrogToken

https://www.instagram.com/pacman_frog_token/

Quitriam Finance (QTM) proves a strong challenger to Avalanche (AVAX) and Shiba Inu (SHIB)

The Quitriam Finance platform will provide a savings and lending option for its users through its decentralised exchange. Avalanche and Shiba Inu have shown strong price action in the previous few weeks and the QTM presale is going to end soon. Let’s find out if these three cryptocurrencies can provide you with good returns in the near future.

Quitriam Finance might rally as retail investors accumulate huge volumes

The Quitriam Finance presale has attracted retail investors who are busy accumulating huge volumes, and the QTM Token could rally soon after the listing process is completed.

The Quitriam Finance platform consists of a decentralised multichain AMM, an incubator platform, and DeFi yield farming options.

The Quitriam Finance platform will work on multiple blockchain networks and will enable users to get the best possible rates, as the order can be fulfilled through different blockchains rather than relying on a single network.

Users will also be able to earn a passive source of income by staking the QTM Token. The DeFi portal will charge a flat fee at the rate of 2% rather than a dynamic fee model. A stablecoin will be introduced for easy farming options, and will be known by the ticker QT and backed by the Quitriam Finance treasury wallet at all times.

In addition, Quitriam Finance will also function as a launchpad incubator service allowing upcoming interesting projects to launch tokens on the decentralised exchange site.  Given the wealth of services being provided by the QTM team, it could attract institutional investors in the future and is a good bet for the potential long-term future. You could benefit from purchasing the QTM Token during the presale period as the prices are very attractive and low.

Avalanche offers $15 million incentives for a planned metaverse

The Avalanche network has announced incentives worth $15 million for a planned metaverse platform. It will help users and project developers launch metaverse applications on the Avalanche platform, and the subnet feature launched recently will also allow users to migrate to the metaverse easily. In addition, AVAX also has plans to integrate KYC to its subnets providing greater accountability and transparency. The AVAX Token has remained range-bound for the previous month but has also displayed signs of consolidation and a bullish rally cannot be ruled out in the near future. With multi-chain integration almost completed through the subnets, large-scale adoption could follow soon and help in a price rise for the AVAX Token.

Shiba Inu marches ahead with metaverse 

The Shiba Inu ecosystem has recently launched a land plot sale for select buyers on its platform. It will also launch a layer 2 solution known as Shibarium that will help in burning tokens. The Shiba Inu ecosystem has recently also introduced a burn mechanism that has helped in reducing token supply. Shiba Inu is currently built on the Ethereum blockchain but the launch of Shibarium will provide another option for the community. It will also help in bringing down gas prices and achieving quicker transactions. The SHIB Token might see a rally as the metaverse is launched fully.

The Quitriam Finance Token can be considered for the long term along with Shiba Inu and Avalanche. All three tokens have great use cases and are coming up with exciting updates explained above. Always do your own research and build a portfolio through the dollar cost averaging method. Most cryptocurrency investors buy and forget about the coin. However, it is recommended that you keep a tab on the token’s progress to remain updated about developments that could affect the price in the future.

 Learn more about Quitriam Finance (QTM)

https://presale.quitriam.io/register

https://quitriam.io/

https://t.me/QUITRIAMFINANCEOFFICIAL

https://twitter.com/quitriamfinance

https://www.instagram.com/quitriam_finance

FIREPIN Token (FRPN), Tron (TRX) and Algorand (ALGO): Surging Crypto Stars

FIREPIN Token (FRPN) is one of the latest currencies to take the crypto world by storm. News of the token has quickly spread across the crypto world, as its presale has been a resounding success. FIREPIN Token (FRPN) presale is still ongoing, so this is an exciting time to buy, with the token trading at a reasonable price. However, with the volatile nature of the crypto market, it is difficult to make a price prediction at this time.

The currency is community-focused, with major decisions voted on by FIREPIN (FRPN)’s community and a percentage of each transaction allocated to the treasury. These funds support various exciting projects much talked about in NFT and Metaverse news. These include Metaverse and VR Games along with NFT game development.

Its treasury will also directly invest in organisations that have a long term vision of Metaverse games and even play-to-earn (P2E) gaming. FIREPIN Token (FRPN) also boasts a better user experience, using Multi Chain integration to give users more options.

FIREPIN Token (FRPN) has kicked off its journey to becoming a metaverse giant with a bang. With the presale continuing, you can be a part of this journey from the very start.

Tron (TRX) Shoots For The Moon

This past week has seen Tron’s (TRX) stock spike. The world’s fastest-growing public chain is now placed 17th on Coin Market Cap, with a rise of 16.14% in the last 7 days alone. News of the currency is everywhere in the crypto sphere right now, driving its market cap forward. This is at $7,922,251,514 at the time of writing, so now is the perfect time to invest. There are several reasons why Tron (TRX) is so hot right now, one of which is the recent news of its plans to create a Tron DAO Reserve.

Tron (TRX) has described this as ‘the blockchain industry’s first decentralised reserve’, kick-starting a news buzz. Decentralisation is key to all things Tron (TRX). As a digital platform, its initial aim was to reshape the entertainment industry. By publishing content through the blockchain, the middlemen of this industry (Google, Youtube, Spotify) could be bypassed. This places the power right back into the hands of the content creator.

Inequality in the entertainment industry has been highlighted recently, with TikTok and Youtube facing issues with how much content creators are paid. Tron (TRX) has an apt solution, with creators being directly rewarded with tokens.

Tron (TRX)’s fast transaction speeds puts it in the same league as major payment processors, which, combined with zero transaction fees, make it a crypto investor’s dream.

Algorand (ALGO) Scores A Goal By Partnering With FIFA

Algorand (ALGO) is another strong cryptocurrency on the rise at the moment. The last 7 days haven’t seen much growth for the top currencies, but Algorand (ALGO) bucks this trend and then some. It has had a 13.08% rise in the last week, one of the world’s healthiest rises in the crypto world. This surge has seen it climb to 26th according to Coin Market Cap. The recent news that the currency has partnered with FIFA for the upcoming World Cup may be contributing to this success. Becoming the official blockchain of one of the world’s largest and most influential sports organisations is no small feat.

Algorand will also ‘assist FIFA in further developing its digital assets strategy’, according to FIFA’s website. This is a move integral to securing the coin’s global reputation for years to come.

Algorand’s (ALGO) main unique selling point is its commitment to sustainability. In a crypto sphere increasingly dominated by sustainability concerns, this commitment will become crucial in the coming years. Algorand promises to be the ‘greenest blockchain’, offsetting its carbon footprint and being ‘far more energy efficient’ than other blockchains through its unique consensus mechanism, according to its website.

For more information, check out the links below.

Join Presale: https://presale.firepin.io/login

Website: https://firepin.io/

Twitter: https://twitter.com/FIREPIN_io

TikTok: https://www.tiktok.com/@firepin.io

AAATrade Releases the New Ground-Breaking AAATrader™ Mobile App for Apple and Android devices with Comprehensive Trading Functionality

AAATrade, a well-grounded global forex broker, has announced the release of its groundbreaking mobile application, the AAATrader™ which is designed to meet the needs of all traders and investors. AAATrader™ is a user-friendly mobile trading app that grants users the ability to buy and sell from a comprehensive range of financial markets with thousands of products to choose from. The app also includes In-depth analytics and solid tools for calculated strategic planning to further enhance traders’ strategy and manage risk precisely, from anywhere.

AAATrade offers commission Free Trading on tens of thousands of Stocks and ETFs from 25+ markets worldwide.

By listening carefully to the feedback of its clients, AAATrade has taken into consideration the various complexities that its traders face when engaging with advanced trading platforms. To address this, AAATrade focused on the idea to create an App with a more clean, user-friendly, and modern-looking interface while still containing all the advanced and necessary tools for trading. After years of carefully testing and the release of a beta version to a selected group of AAATrade’s clients, the AAATrader™ app is now available for both the Google Play and Apple App Store.

AAATrader™ is designed so that even novice traders can quickly understand how to use it. Its trading functionality gives users an easier way to keep track of breaking trends in all financial markets. With all the necessary tools which include Fundamental Analysis, Hottest News signals, Portfolio Analysis, Learning Tools, Technical Analysis tools, an extensive charting package, a complete history of every asset, and much more.

Clients can also contact AAATrade’s support team directly through the app with an integrated support function available 24/5. All this put together with the other advantages that AAATrader™ offers such as safety of funds, full regulation, and expertise, make this undoubtedly a high-end product aiming to support and benefit all the trading needs of all types of traders and investors.

The AAATrader™ app grants free access to the world’s largest marketplace in tens of thousands of the most popular stocks, CFDs, Cryptocurrencies, ETFs, FX, Metals, and many more from 25+ markets globally.

About AAATrade: Established in 2013, AAATrade is the ultimate investment hub for retail and institutional investors to access the global financial markets by combining advanced multi-asset class technologies, financial market expertise, and unrivaled customer support.

All logos and any associated brand names are the property of their respective owners.

Risk Warning: We also offer CFD products that are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.58% of retail investor accounts lose money when trading CFDs with AAATrade. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXCubic Announces the 1st FXCubic Mini-football Tournament

FXCubic, a London & Limassol-based connectivity technology provider for the FX industry, that specializes in Bridging & Aggregation solutions as well as Risk Management solutions, has announced that they have organized and will be sponsoring the “1st FXCubic Mini-football Tournament” for the FX industry, to be held in Limassol on June 3rd, 2022.

FXCubic have always been strong supporters of activities that strengthen the relations between the FX industry’s professionals, offering inspiration, entertainment, networking and support to groups through events or volunteer actions. This tournament is a great opportunity for FX professionals from across the country to do just that.

As Nelson Mandela once said: “Sport has the power to change the world. It has the power to inspire. It has the power to unite people in a way that little else does.

The teams that will be participating in the “1st FXCubic Mini-football Tournament” are the following:

  • JFD Brokers
  • Pepperstone
  • SquaredFinancial
  • M4Markets
  • Invaxa
  • NAGA
  • Sheer Markets
  • FXTM
  • Tixee
  • FX Dealing Solutions
  • Exclusive Capital
  • Exness

FXCubic’s Head of Business Development, Wassim Khateeb, commented: “The idea of organizing a sports event that will bring FX professionals together was conceived in early 2020. Unfortunately, realizing such an idea in the midst of a pandemic was simply not possible! However, we are thrilled to finally be able to see the FXCubic mini-football tournament evolve from an idea into reality. We are hoping that this will be the first FXCubic mini-football tournament of many to follow.

The teams participating in the tournament will be split into 4 groups of 3 teams each during the qualifying stages. Only one team will advance from each group to reach the semi-finals. The semi-finals winners will advance to the final, while the losing teams will have the opportunity to play in a third-place playoff.

The top 3 winners of the tournament will be awarded trophies and medals.

The tournament which takes place on Friday, the 3rd of June, at Wembley Mini Football in Ypsonas, Limassol starts at 18:00 and doors will be open for those who want to attend.

Mark this day on your calendar and join FXCubic to celebrate this event together!

How to Mine Litecoin and How LTC Mining Works

Once you’re comfortable to buy Litecoin and selling cryptocurrency, it’s time to think about getting in on the real action: mining.

If you’re interested in mining Litecoin, it’s fair to assume you know a bit about it, but to recap, LTC is pitched as “the silver to Bitcoin’s gold” by its creator, Charlie Lee. It’s designed to be more usable as a currency on a day-to-day basis than Bitcoin.

Litecoin is four times faster than Bitcoin, creating a new block every 2.5 minutes to Bitcoin’s 10. Four times more will also be mined before reaching the hard cap — 84 million LTC compared to 21 million BTC.

What is mining?

Traditional mining as practised by Bitcoin and Litecoin is called Proof-of-Work. It’s a consensus mechanism responsible for maintaining and growing the blockchain.

Blockchains are immutable, meaning they can only be changed by adding new information onto the end of a chain of blocks of data. What’s already written is unchangeable. New blocks are created by miners, who validate transactions, load them onto the next block, and write it onto the blockchain.

To attract miners, they are paid two rewards each time they mine a block: transaction fees, and more importantly, a cache of newly created coins — Litecoin in this case. Currently, each block earns a reward of 12.5 LTC.

Miners are randomly selected in a race to solve a math problem that can only be solved by brute force: guessing over and over until someone gets the right hash. To keep the block times stable, Litecoin’s mining difficulty changes to accommodate a rising or declining hash rate as miners come and go. That’s how to mine Litecoin in a nutshell.

Why mine Litecoin?

There are a number of reasons you’d choose to mine Litecoin, beginning with the obvious making money.

However, you may also want to run a node for the good of the community. Immutability aside, blockchains are censorship-proof because the host nodes are located around the world. Blockchain is distributed ledger technology.

However, one of the reasons you would be mining for Litecoin is decidedly not to make use of your high-end gaming computer’s massive GPU when you’re not busy shooting things. While there are plenty of cryptocurrencies that can still be mined by desktop computers, Litecoin mining is so competitive that the only realistic way to do it is with specialized mining hardware — just like Bitcoin and Ethereum.

Remember, the question isn’t “how long does it take to mine a Litecoin? — the question is, “how long does it take me to mine a Litecoin?”

How does Litecoin mining work?

Those specialized computers are called ASICs — application-specific integrated circuits — which means they are built to do one thing and one thing only: mine blockchains. And not just any blockchain. Most are specific to a single cryptocurrency like Bitcoin, Ethereum or Litecoin.

While Litecoin is very similar to Bitcoin, it is not a fork. Creator Charlie Lee copied the Bitcoin source code when he launched Litecoin in 2011. But the speed and token cap were not the only differences. Bitcoin uses a mining algorithm called SHA-256 to process hash functions. Litecoin uses an alternative known as Scrypt, used by about more than a dozen cryptocurrencies, including Dogecoin.

The best-known Litecoin miner as of October 2021 is Bitmain’s now two-year-old Antminer L3++, which can be bought for about $1,200 — $1,400 on sites including Amazon, NewEgg, and eBay. It offers a 580 MH/s hashrate with a power consumption of 800W per hour. Running 24 hours a day, that’s 19.2 kWh, or 576 kWh per month. Bitmain’s top-of-the-line LTC miner is the $12,800, 9,500 MH/s Antminer L7.

One important caveat: When looking at Litecoin mining profitability, an important part is estimating your costs. Start by taking a look at the cost of electricity. Prices can vary wildly around the world, and power is much cheaper in some countries than others. In some larger nations, it can also vary from region to region — while residents in Washington state would pay an average of $59 a month to run an Antminer L3++, they’d have to stump up $129 a month in Massachusetts.

Remember to factor in Litecoin’s price, too. Crypto is very volatile, and a big dip will affect profitability if you’re mining to make money rather than become an LTC hodler. Your answer to the question “what to do with Litecoin” will determine if you want to shut down during dips.

While you can set up your L3++ and go mining for Litecoin as a lone wolf, the best way to mine Litecoin is to join a pool, in which hash power and rewards are shared. The biggest are Antpool, F2pool, LitecoinPool, and ViaBTC — though another major, LTC.top, was shuttered in the China mining ban, and may reappear elsewhere.

Of course if mining for Litecoin were as simple as buy litecoin a machine and signing up with a pool, it just wouldn’t be crypto now, would it?

Start with the obvious: Look at the pool fees. Look for a mining pool with a good reputation and history to avoid scammers. Understand that a big pool mines more LTC, which means more regular payouts. Look at server downtime. Look at the payout schedule — frequency affects payout size, and shorter times mean less risk if the pool collapses.

Then take a deep breath and dive into payout schemes. There are dozens, and the acronyms run to six places. They include:

Pay-Per-Share (PPS): The pool operator pays miners a flat rate for each share of hash completed — which offers steady income but a little more risk for the operator.

Pay-Per-Last-N-Shares (PPLNS): Mining profits are shared out based on the number of shares the miner contributes. As solving blocks depends on luck as well as speed, miners profits will rise and fall.

Shared Maximum Pay Per Share (SMPPS): PPS but doesn’t pay out more than the pool earns.

Full-Pay-Per-Share (FPPS): The miner gets paid PPS plus a share of the block transaction fees.

Equalized-Shared-Maximum-Pay-Per-Share (ESMPPS): SMPPS but distributes funds equally among all miners.

Litecoin mining software

Then you need to look into Litecoin mining software and Litecoin wallets.

ASIC miners tend to come with software pre-installed, whereas GPU and CPU miners working blockchains with lower hashrates have a great deal of choice, although pools tend to have standard requirements.

Then you need a wallet, which is to say, an address where your share of the Litecoin mined is sent. This can be an exchange wallet, a software wallet, or a hardware wallet. Exchange wallets tend to be the easiest to use, but exchange hacks are legendary. Software wallets give you more control over your private keys, but are online and therefore hackable. Both are hot wallets. Hardware wallets, or cold wallets, are the safest as they are “airgapped” — which is a fancy way of saying they are not connected to the internet. The more crypto you have, the more security you need.

As for what to do with the Litecoin that you earn by mining? To hodl or not to hodl, that is the question. In other words do you pay your fixed costs — mainly power — out of your rewards or your pocket?

It’s Almost Time for the Main Event, the Ultimate Fintech Awards 2022 Are Right Around the Corner!

About the Awards Ceremony

The awards show recognizes the best brands in the B2B & B2C online trading and fintech space. Ultimate Fintech, the full-service marketing agency and producers of the legendary iFX EXPO, are orchestrating a night to remember where the upper echelon of the industry go head-to-head to be crowned the best in their respective categories.

The advantages of winning an Ultimate Fintech Award are numerous. Your brand’s exposure will skyrocket to new heights, while earning unanimous approval from your peers in the industry.

To be the best, you’ve got to beat the best. Does your company have what it takes?

Award Categories

There are three different awards categories.

Broker Awards

Compete for a prestigious winning title! This category recognizes the best brokers on a global scale and features awards such as Broker of the Year, Best Global Broker, as well as the Best Market Maker.

Regional Broker Awards

These awards are broken down by region and country including Asia, Europe, the Middle East, and Australia/New Zealand to name a few. Awards that can be won include Most Trusted Broker Asia, Best IB Programme Europe, Most Transparent Broker LATAM and Best Customer Support UK.

B2B Awards

If you’re a service provider to the industry looking for well-deserved recognition in a highly competitive market, why not nominate your brand in the B2B Category? Award titles include the Best Prime Broker award, the Best CFDs White Label Solution, as well as the Best Market Data Provider award and many more.

Timeframe

The time is almost here! You have got until the 23rd of May to nominate the brands that stick out from the rest thanks to their excellence and business know-how.

The voting round is between the 25th of May and the 1st of June. During the round, the entire industry will be asked to cast their vote.

We reach our climax on the 9th of June, where the winners will be announced at the Awards Ceremony held on the last day of the iFX EXPO International.

How do I nominate and vote?

Applicants have to register and fill out the nomination application form once they login. There will be a public voting system hosted on the website during the voting round as well.

There’s only a month left before this all kicks off. The time has come to be recognized for your hard work. The Ultimate Fintech Awards are your platform to shine and propel your rise to fame.

Let’s get started! Nominate your brand

Leading the way In Financial Content Marketing – Contentworks Agency Celebrates 5 Years

Working in a fast-moving environment, the agency’s team of financial services content marketers provides technical analysis, financial blogging, videos, education and finance-focused social media. Contentworks Agency turns 5 this month. So, we’re speaking with directors Niki Nikolaou and Charlotte Day about the agency’s industry perspectives and future goals.

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You’re Known As The Go-To Agency For Finance – How Did That Happen?

Charlotte: Niki and I are both from a financial services marketing background, so that influenced the direction of the agency. We understand the niche nature of financial marketing following rules and updates from ASIC, CySEC, MFSA, FCA, FRB, SEC and MiFID II regulations.

We set up the agency to create engaging content for the financial services sector. Compliant but fun. Yes, it’s a thing! We know how to create great content that wins audiences without ruffling the compliance warlords. We’re also sociable which has helped over the years. We network in the right places and know how to handle financial PR and media.

Niki: You really need to understand the financial markets and follow them closely. If you’re not specialised in financial services, you just wouldn’t be able to dedicate yourself to marketing for this complex industry. As a team, we subscribe to all the finance news sites, regulatory updates and finance trends, meaning we never lose focus.

We also create market analysis each day for clients as well as monthly regulation roundups, so we always know exactly what’s going on in the finance world and keep brokers up to speed with leverage changes, crypto restrictions, trading regulations and more. I think our clients value the fact we can take difficult finance topics and turn them into engaging content.

Is Financial Marketing Boring?

Charlotte: The finance industry is heavily regulated for the protection of investors, savers, and traders. That means no “make money fast” messaging or “win a Ferrari if you deposit”. But I see the finance space as an exciting opportunity to flex your creativity within the rules. It’s a challenge.

Plus, money is such an important factor. It’s the key to your dream vacation, ideal home, retirement fund and security. It’s also a space where most people are lacking education and the challenge is to provide this in a fun, engaging and non-condescending way.

Niki: There’s a lot of fun financial brands out there. You see it a lot with fintechs like Klarna, Robinhood or Starling Bank. I think a lot of forex brands are so desperate to be taken as serious financial products that they forget to be human. Fun is not just haha funny, it’s something that’s relatable or as the Danes say, Hygge – a cozy vibe.

Traders are younger, on mobile, and take in a multitude of social and other media channels each day so don’t have a lot of time to absorb complex messaging. Broker content (both visually and the written word) needs to be concise and meaningful. Humour is great and will always stop someone in their tracks. But it is can be hard to pull off when you’re targeting internationally.

How Does It Feel To Be Turning 5?

Charlotte: It seems like only yesterday that Niki and I were brainstorming on the floor of her apartment. Now we’re content marketing leaders in an exciting sector that’s evolving at a phenomenal rate. New tools and features are being rolled out regularly and we’re constantly learning and strategising. Things are busy but we will find time for some cake and a sneaky gin to celebrate!

Niki: There’s certainly a lot to keep us busy as we head into our sixth year. In fact, I don’t think I’ve ever seen the financial landscape so alive. As we navigate an industry which refuses to stand still, we’re also thrilled to be keeping our loyal clients and can’t wait to take on some new and exciting challenges. We’ve been referred to as finance veterans.

That did make us laugh – and reach for our Tom Collins. Being part of the finance community internationally is also a great privilege and one we don’t take for granted. Over the past few years we’ve media partnered some great events (virtual and in-person) such as the iFX EXPO, Hong Kong Fintech and Money20/20.

We also make a point of regularly attending or speaking at finance conferences. This puts us in good stead to maintain valuable connections and keep on top of the fast-paced finance landscape.

What have you been working on?

Charlotte: As well as working with clients, we’ve also launched a website redesign complete with brand new features such as our Portfolio, which can also be accessed from the home page. This allows new clients to check out our work. Another important addition to our site is the integrated home page social media feed. This takes people straight through to our Facebook, Instagram and Twitter channels for instant access to Contentworks updates.

Niki: We are also top finance writers on Medium and have a TikTok featuring funny client problems. In fact, we were voted top finance writers on Medium which is incredible and reflects our focus on engaging finance content. We’ve also launched new educational e-Books that are free to download, a top Content Bar loaded with factual yet entertaining articles and a free finance calendar for our clients to help them navigate each year in style.

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Which new platforms are you loving for finance marketing?

Charlotte: We’ve always had a strong presence on Twitter, crafting unique social strategies for our finance and fintech clients. It’s certainly the place to be to finance-specific trends, stock moves and anything to do with Elon Musk! But it’s also important to diversify and focus on platforms with increased traction.

Medium, is great for finance audiences. If you write valuable content, the algorithmic timeline will present your brand to the right people and boost your presence on the site. High-quality content can even benefit from additional distribution in Medium’s emails, apps, homepage and more, considering it meets distribution standards.

Niki: Another great way for finance brands to authentically connect with traders and investors is through Reddit. Here, you can join specific subcategories which focus on topics such as forex trading. The key here is to remember that Reddit users aren’t interested in boring marketing jargon. They’ve come to the site to be engaged, informed and entertained, so the content you add to the site must be up-to-scratch and non-promotional. It’s all about valuable contributions that’ll get eyes on your brand.

Charlotte: And let’s not forget TikTok. This platform really took off in the past few years and is a valuable tool for marketers like us. Where pay-per click and banner ads once dominated the digital marketing landscape, today, it’s authentic video content. There’s a big opportunity to reach Gen Z through TikTok. With this generation using the platform, finance brands can leverage the app at a time in these young peoples lives when they are just becoming interested in the world of finance.

But don’t go reading your company USPs or promoting yourself on the platform. Nobody wants that! I’m excited to see people being more authentic. For many years we saw financial directors appearing each quarter in a suit and awkwardly making a statement. Now we’re seeing teams taking part in charity initiatives, honest dialogue and hilarious TikToks. Today’s finance consumers, especially in the Millennial and GenZ spaces want honest dialogue and high-performance services.

What’s your client base like now?

Niki: Since our launch, five years ago, we’ve had the pleasure of working with many clients, many who are still with us from the beginning, and are very grateful for their trust and loyalty. Today, we remain finance-focused, working closely with FX brands but adding more banks, fintechs, crypto exchanges, PSPs and other investment firms to our portfolio.

Our clients are all keen to utilise organic content to hit their KPIs. We work in a very strategic way, so content plans are unique to each of our clients. This is based on their demographic, KPIs, products, regulators and budget. That keeps things interesting for us. Our client base is also international. We work closely with UK and European clients as well as those based in Australia, Singapore, Dubai and the US.

As the agency enters its 6th year, we wish the team success for the year ahead. Speak to Contentworks Agency about financial services content for your finance or fintech brand.

3 Coins That Can Bring You Profit: Logarithmic Finance (LOG), Cardano (ADA), Avalanche (AVAX)

In this article, we will take a look at 3 coins that could bring profits in the second half of 2022. These coins are Cardano (ADA), Logarithmic Finance (LOG), and Avalanche (AVAX). Keep reading to find out more about them!

Logarithmic Finance (LOG)

The principle mission of Logarithmic Finance (LOG) is to unlock the true potential of decentralised finance (DeFi). The primary goal of the project is to become a leading platform hosting blockchain startups. Currently, there are already tens of thousands of token projects. These projects, especially those focused on the NFT and metaverse industry, face shortcomings such as insufficient infrastructure and staff, advertising and financing at an early stage.

When this is the case, a significant proportion of them are interrupted or terminated. This is where Logarithmic Finance (LOG) comes into play. The platform provides an opportunity to start operations by offering a highly developed infrastructure for promising projects. The best part is that it attracts not only entrepreneurs but also investors. Individual and institutional investors can use the platform to select projects.

The native token of the Logarithmic Finance project is LOG. LOG token holders have advantages such as discounts, promotions, etc. in all transactions in the ecosystem. Logarithmic Finance (LOG), like many other popular cryptocurrency projects, is built on Ethereum (ETH). LOG token is an ERC-20-based cryptocurrency. It is stated by the developer team that the platform will be included in more than 5 blockchain networks in the future.

Many popular blockchain networks are mentioned, including Polygon, Avalanche, Tezos, and Solana. Startups with high growth potential, that are unable to find the support they deserve, will be able to obtain funding thanks to this unique DeFi platform.

In addition, Logarithmic Finance (LOG) has an extremely secure infrastructure. A special type of encryption called homographic is used in the system. It is also worth noting that the platform has its own NFT market.

NFTs have reached huge transaction volumes, especially in the last year. Hundreds of collections and thousands of trades were made. It started to take a place in our lives in many fields from art to sports, from education to commerce. Logarithmic Finance (LOG) has an advanced NFT auction function; transactions here are carried out with the LOG token with minimal gas fees. The project team states that stablecoins can also be used in the future.

Cardano (ADA):

Cardano (ADA) is a popular cryptocurrency that got its start in 2015. With its robust and secure blockchain technology, Cardano was quickly recognised as a promising investment opportunity by market analysts and crypto investors alike. Over the years, its market value has continued to climb steadily, making it one of the top cryptocurrencies on the market today. Cardano (ADA), which is traded at $0.83 these days, offers its investors a nice profit opportunity. It is also useful to take into account that it has a market value of over 30 billion dollars.

Yet what really sets Cardano (ADA) apart from other digital currencies is its dedication to open source collaboration and continuous research. By incorporating the scientific method into their development process, Cardano’s creators are constantly working to improve their platform and position themselves at the forefront of the rapidly evolving cryptocurrency space. So if you’re looking for a new investment opportunity with real potential, look no further than Cardano!

Avalanche (AVAX):

Avalanche (AVAX) is a cryptocurrency with a market value of over $17 billion. It is one of the most popular investments in the cryptocurrency space. Avalanche is based on the Avalanche protocol, which is a consensus protocol that is designed to be fast, secure, and scalable.

The protocol is implemented through a network of nodes, which are run by individuals and organisations around the world. The nodes work together to validate transactions and maintain the ledger. One of the key features of Avalanche (AVAX) is its ability to handle a high volume of transactions. This makes it an attractive investment for those who are looking to get involved in the cryptocurrency space.

Logarithmic Finance (LOG), Cardano (ADA), and Avalanche (AVAX) all have unique features that could make them successful in the coming months and years. Do your own research before investing, but we believe LOG has a lot of potential for growth.

For more information about Logarithmic Finance:

https://presale.logarithmic.finance/register

https://logarithmic.finance/

https://t.me/LOGARITHMIC_FINANCE_OFFICIAL

https://twitter.com/LOGARITHMIC_FI

Trade Of The Week: Will Gold Prices See More Pain?

After almost kissing the psychological $2000 level back in mid-April, bulls ran out of steam – allowing bears to drag the precious metal to prices not seen since February 2022!

Last Friday’s strong US report compounded gold‘s woes as expectations intensified over the Federal Reserve maintaining an aggressive approach towards monetary policy. This report comes after the Fed raised interest rates by 0.50 bps points for the first time since 2000.

Federal Funds target rate

With the dollar climbing to its highest level in two decades and treasury yields rising amid expectations the Fed may continue hiking rates to tame inflation, gold could be in trouble.

The week ahead promises to be eventful for the precious metal thanks to key US economic data, speeches by Fed officials, and ongoing geopolitical risks.

Gold Technical Analysis

On the technical front, the path of least resistance points south with prices wobbling above the $1855 support as of writing. Although the balance of power currently swings in favour of bears, bulls could still strike in the right conditions.

Before we cover what to expect from gold over the next few days, it is worth keeping in mind that the precious metal has dropped roughly 6% since the 18th of April when prices almost hit $2000.

Since the start of May, gold is down almost 2% and has extended its longest run of weekly losses this year.

With the 10-year Treasury yield rising to its highest level since November 2018, gold may struggle to shine. It’s worth keeping in mind that the precious metal offers no yield, making it less attractive for investors to own in an environment of rising Treasury yields.

US Inflation data & Fed speeches in focus

The major risk event for gold may be the pending US CPI report.

Given how markets remain highly sensitive to inflation fears, the report could spark explosive levels of volatility in gold. The key question is whether the report will send the precious metal tumbling or provide a lifeline. According to an economist’s poll by Bloomberg, US inflation is expected to rise 8.1% year-on-year in April compared with 8.5% in March. A figure that exceeds market expectations could send the dollar higher, enforcing downside pressures on gold prices. Expect the gold to also feel the burn if speeches from Fed officials over the next few days revive expectations around a 75 basis-point rate hike in June.

Geopolitical risks could provide cushion

The heightened levels of uncertainty and volatility caused by geopolitical risks could direct investors towards gold’s safe embrace.

As the Russia-Ukraine conflict continues, global sentiment is likely to remain shaky with investors adopting a guarded approach toward riskier assets. Inflationary worries and increasing concerns relating to China could fuel the risk-off sentiment – lending some support to gold. Will this support be enough to counter the pressure created by an appreciating dollar, rising treasury yields, and Fed rate hike bets? Time will tell.

Gold ETFs Favour Bears

According to an automated report from Bloomberg, gold ETFs cut 66,718 troy ounces of golf from their holdings last Friday, bringing this year’s net purchases to 8.42 million ounces.

The outflows could be the product of the strong US jobs report which boosted Fed rate hike bets and an appreciating dollar. A gold ETF provides investors exposure to gold without owning it physically. In this instance, outflows from ETFs are seen as bearish for the underlying asset.

Gold breakdown on the horizon?

The subtitle says it all.

Gold remains under pressure on the daily charts with prices wobbling above the $1855 support as of writing. Over the past few weeks, the precious metal has been battered by a stronger dollar, rising treasury yields, and Fed rate hike bets. Prices are bearish with a breakdown below $1855 opening a path towards $1820 and $1780. Should $1855 prove to be reliable support, prices may rebound back towards $1900 and $1920.

Zooming out on the monthly charts, prices remain in a wide range with support around $1700 and resistance at $2000. A major directional catalyst may be needed for gold to secure a monthly close above or below these key levels.

By Lukman Otunuga Senior Research Analyst

BDSwiss Expands Its Cryptocurrency Offering with 9 New CFDs

In line with its mission to democratise finance for all, leading multi-asset financial services firm BDSwiss has recently announced the expansion of its cryptocurrency offering with nine new CFD crypto-pairs. The latest coin listings join BDSwiss’ existing cryptocurrency line-up which includes some of the world’s largest cryptocurrencies by market capitalization, paired against the EUR and the USD.

The newly listed coins, come in response to a surge in demand from investors trading cryptocurrency CFDs on the BDSwiss platforms and include some of the most sought-after cryptocurrencies dealing or associated with the latest decentralised technologies including the Metaverse, DApps, NFTs, DeFis, and Smart Contracts:

  • Decentraland (MANAUSD): a popular Ethereum token that powers the Decentraland virtual reality platform
  • Quantum (QTUMUSD): a cryptocurrency that combines the security of Bitcoin’s blockchain model and the flexibility of Ethereum’s smart contracts
  • Stellar (XLMUSD): a smart contract-enabled blockchain network that focuses on primarily on cross-border payments
  • Polkadot (DOTUSD): a multi-chain protocol that powers cross-chain transfers of data or assets, allowing blockchains to become more interoperable
  • Cardano (ADAUSD): a digital coin that powers the Cardano network – a flexible, sustainable, and scalable blockchain platform for running smart contracts
  • Solana (SOLUSD): a high-performance blockchain supporting developers around the world in creating highly scalable crypto apps
  • Axie Infinity Shards (AXSUSD): the governance token of the Axie Infinity gaming universe.
  • Gala (GALAUSD): a blockchain-based, play-to-earn gaming platform that enables users to earn its GALA token for achieving in-game milestones
  • DOGE (DOGEUSD): the most popular meme coin in the market (based on the Doge Internet meme)

These new additions bring the total number of cryptocurrencies available to trade on the BDSwiss MetaTrader, WebTrader and Mobile app platforms to 26 crypto-pairs. It should be noted that BDSwiss’ crypto offering is only available under the brand’s BDS Markets and BDS LTD entities which operate outside the European Union.

All BDSwiss CFD crypto-pairs are available at some of the most competitive trading conditions and enable traders to benefit from 24/7 market access, 1:5 leverage, flexible trade sizes from less than $1 (depending on the underlying cryptocurrency), as well as the option to go long and short in order to maximize trading opportunities. To help traders navigate this highly volatile asset class, BDSwiss also offers all clients with live trading accounts advanced charting tools and automated market scanners such as Autochartist and Trading Central that alert users in real time on forming price trends and potential break/entry points.

BDSwiss CEO Nicolas Shamtanis commented on the latest crypto-listing:

“In light of the strong demand for crypto trading, we’re delighted to now offer our clients an even wider selection of cryptocurrency pairs. Following on our commitment to offering a world-class trading and investing experience, at BDSwiss we will continue to innovate and expand our wide range of financial services and underlying assets in line with our clients’ needs and the dynamic demands of the market.”

About BDSwiss: BDSwiss is a leading financial services group of regulated entities, offering bespoke CFD trading and investment products to more than 1.5 million registered clients, in over 180 different countries. Since its inception back in 2012, BDSwiss has been providing top-class products, a wide range of platforms, competitive pricing, and fast execution on more than 1000 underlying instruments including leading company stocks and ETFs at direct market access as well as hundreds of CFDs including forex, shares, commodities, and indices. BDSwiss complies with a strict regulatory framework and operates its services on a global scale under a number of different licences and registrations.

INFINOX Gives Further Push to Institutional Desk With New Executive Manager Lee Holmes

9th May 2022 Global trading solutions provider INFINOX is expanding its IXO Prime institutional sales team with the hire of Lee Holmes as Executive Manager. Based out of the company’s London office, Holmes will focus on developing and scaling IXO Prime’s business model.

Holmes’ role will revolve around supporting the overall IXO Prime structure, as the company looks to scale its success over the past year. More specifically, Holmes will work with company-wide business units to streamline IXO Prime’s process, policy, product and technology.

Previously, Holmes led the FX and CFD sales desk at Zenfinex as Sales Director. Here, he was able to successfully step up deposits and monthly traded volumes, implement new technology to aid the business, and drive growth initiatives for regional and overseas teams.

Holmes’s experience prior to joining IXO Prime include heading up sales as Director at ForexVox, where he expanded the brokerage arm of the business.

“Lee’s experience is a valuable addition to our current leadership team, as we look into the future IXO Prime. We have witnessed exceptional growth within this division over the past two years, and I’m sure that Lee will be able to match our ambitious expectations over the next leg of growth,” said Robert Berkeley, CEO of INFINOX.

“I’m extremely excited to join the IXO Prime team. The growth over the last few years is clear to see and to be able to join at this time with a focus on taking IXO Prime to the next level is a challenge I look forward to,” Holmes said about his move to IXO Prime.

The announcement by INFINOX is the latest in a string of hiring decisions by the CFD trading solutions company. It recently onboarded Adam Saward as Executive Management, and Aaron Brown as Head of Institutional Sales MENA, looking to scale global expansion efforts for its IXO Prime desk.

IXO Prime is a specialist liquidity provider, serving professional clients with institutional-level liquidity. It offers bespoke offerings to each individual client, including brokers, money managers, professional clients, prop desks and fintech companies.

The multi-asset liquidity solution is equipped with competitive pricing, backed by a global trading infrastructure, and offers over 300 trading instruments. Additionally, clients can access premium benefits such as IXO Position Keeper, cutting edge technology, white label offerings and more.

About INFINOX

INFINOX is a global, online trading provider with a presence in 15 countries. Founded in 2009, for nearly 12 years it has put world-class trading power into investors’ hands. Every day, it enables thousands of clients across Europe, Asia and beyond to trade a full range of asset classes, from forex to equities and commodities, and now crypto.

Its business is built on integrity and trust, and it offers customers access to a range of market intelligence tools as well as dynamic products, competitive trading parameters and premium, one-on-one customer service.

Contact details

For further information on INFINOX Capital, visit www.infinox.com

For media enquiries, contact Cameron Bowen at cameron.bowen@infinox.com.

Top Cryptos That Could Make You Rich This Year: Parody Coin (PARO), Cardano (ADA), and Ripple (XRP)

With the rising competitiveness of new coins entering the crypto market regularly, staying updated with market developments and evolution is vital for any future crypto project.

Crypto specialists believe that cryptocurrencies with regular network updates are a secure investment for new and experienced crypto investors. Early investors in Parody Coin (PARO), a crypto market newcomer with a good trajectory, are expected to make significant returns. Hence, this is not a token you should miss out on, and we shall be telling you why and more in this article.

Ripple (XRP): A ripple effect in the crypto world.

XRP, the token produced by the American business Ripple, is one of the most popular cryptocurrencies. It is one coin that works in a different way than other tokens. Ripple (XRP) is a digital payment network that uses blockchain technology and a native cryptocurrency to make worldwide transactions faster and more effectively.

The Ripple ledger’s native coin, XRP, is utilized to improve currency translation and international financial transfers. The Ripple (XRP) cryptocurrency can be used as a stop-gap measure. This allows financial firms to trade currencies at a lower cost. They can use XRP instead of other fiat currencies.

Many investors are seen to rush this crypto, and rightly so, seeing that it has the potential to replace an inefficient and outmoded international money transfer system. With this cryptocurrency, Ripple’s (XRP) success so far gives it an advantage in any debate over whether or not to invest in it.

Cardano (ADA): A success story

Cardano (ADA) is a proof-of-stake (PoS) cryptocurrency with a unique dual-layer structure. It was established for “change-makers, inventors, and dreamers,” according to the platform’s description. Cardano (ADA) has invested substantially in research and development to establish a decentralized network that is scalable, safe, and effective as part of its objective to drive global innovation and market improvement.

Cardano’s currency, ADA, is a blue-chip cryptocurrency with a market cap of more than $32 billion. As a result, ADA is one of the largest cryptocurrencies in the crypto world. The total quantity of ADA is limited to 45 billion tokens, making it a viable investment for those looking to protect themselves from the current raging inflation.

As a result of using PoS, the Cardano (ADA) network is more energy-efficient and substantially faster. The Cardano (ADA) network is capable of executing 250 transactions per second (TPS), compared to 15 TPS for Ethereum (ETH). With solid fundamentals and momentum behind it, Cardano (ADA) is undoubtedly one of the most exciting applications in the blockchain industry today.

Parody Coin (PARO):

Parody Coin (PARO) is one of the newest coins to hit the crypto market. It’s only in the presale stage, but it’s already making headlines. The PARO token is its native currency, and the ecosystem is fully operational. Parody Coin (PARO), based on the BEP-20 platform, will continue to benefit from unique cross-compatibility potential as it grows.

The ParoSwap, which has been regarded to assist bridge the gap between blockchains, is being developed by the community. Of course, this will make it incredibly useful as a cost-efficient cross-chain blockchain coin.

Parody Coin (PARO) provides one-of-a-kind passive earning opportunities. It intends to distribute up to 5% of its transaction tax to users who own the coin, and all you need is a Parody Coin (PARO) in your wallet. This coin will also have its NFT market and its metaverse. The features of the Parody Coin (PARO) are immeasurable and show no signs of diminishing anytime soon.

For more information on Parody Coin (PARO), visit:

Website: https://parodycoin.io/

Telegram: https://t.me/PARODYCOIN_OFFICIAL

Twitter: https://twitter.com/ParodyCoin

Instagram: https://www.instagram.com/parody_coin/

While Major Cryptocurrencies Like Bitcoin (BTC) Go Down, Others Including Dogecoin (DOGE) and Mushe (XMU) Rise

The larger cryptocurrencies such as Bitcoin (BTC) have been recently falling, whereas others such as Dogecoin (DOGE) and Mushe (XMU) have shown a significant rise, is this the time to reconsider where exactly to invest?

Bitcoin (BTC)

Bitcoin (BTC) is the largest cryptocurrency, yet as of the time of writing, Bitcoin is down by -1.29%. With various cryptocurrencies falling in recent days, with BTC being one of the major ones in the market, you may want to consider where you’re investing right now.

Compared to when Bitcoin was at its peak last year, it has lost approximately 40%, similar to other major cryptocurrencies.

Dogecoin (DOGE)

Since Elon Musk broke the news that he’s buying out Twitter for $44 billion, there was a noticeable change in the price of Dogecoin (DOGE) as it increased by 14%. As Musk publicly promotes DOGE on his social media, there were immediate effects. Days after the announcement of Musk’s Twitter takeover, the price of Dogecoin continued to rise.

Musk has always supported DOGE; once tweeting that Tesla would start accepting Dogecoin as payment, which resulted in an immediate jump in the price of DOGE, given that this is the only cryptocurrency Tesla accepts as payment. As someone who is one of the biggest buyers in the crypto market, with Tesla investing $1.5 billion, Musk has a significant influence within the crypto space.

Mushe (XMU)

However, DOGE wasn’t the only one to have an increase in price as Mushe (XMU) also saw a rise in price. As they’re currently in pre-sale, there has been a significant increase as it has risen from the initial $0.005 in April to the current $0.022. Mushe is set to launch on July 4th 2022, in which the price is expected to rise further.

Mushe has clearly stated that they aim to encourage blockchain adoption by increasing the accessibility of digital assets for the everyday person. Focussing on creating a social impact by educating the public on digital currencies and financial management, there are a lot of positives that come with investing in Mushe.

There are various similarities between DOGE and XMU as they are both decentralised, allowing individuals financial freedom without any paperwork, or having a third party involved. Not only can you do most things banks can do, such as borrowing, lending, and earning interest, but it is also faster and more flexible.

The main benefits of the Mushe ecosystem include; allowing investors to buy and exchange crypto coins, allowing individuals to socialise, play and earn in their Metaverse ecosystem, and having a social platform called Mushe Chat which forbids third parties from accessing any personal information of investors. These are key points to consider when deciding where to invest as XMU has a lot of benefits that others don’t.

At a time when we are seeing the more known cryptocurrencies such as Bitcoin fall, is this the right time to start investing in the Mushe pre-sale instead? If you’re thinking about investing, think fast as the price of XMU is only going to rise.

Join Mushe’s Presale:

Website: https://www.mushe.world/

Presale: https://portal.mushe.world/sign-in

Twitter: https://twitter.com/Mushe_World

Telegram: https://t.me/musheworldXMU

Instagram: https://www.instagram.com/mushe_world/

Fiat Currencies Versus Cryptocurrencies: Pros, Cons, Profits, And Safety

The decentralized, borderless technologies have completely disrupted and revolutionized the financial system forever –– and it all happened with lightning speed. Adoption has been hastened further in the post-pandemic world due to several key reasons.

The spread of adoption has ultimately forced government regulators from different countries globally to legalize cryptocurrencies or consider integrating them directly within the traditional financial system. Many countries are considering creating central bank-issued digital currencies as a result. But why did this happen, and why are cryptocurrencies such a revolutionary technology that has suddenly attracted a broad range of retail and institutional investment? We’ll examine these critical questions and much more in the article below.

COVID Creates Cashless Society

At the onset of COVID, the World Health Organization recommended that people ditch cash in favor of digital, contactless payments like Venmo, Cash App, or Apple Pay. While the WHO didn’t call out crypto specifically, it was a sign of the times changing.

The spread of the pandemic also forced the shutdown of many businesses, including financial institutions. Getting cash or accessing your own money became more of a challenge for the first time in many people’s lives. Meanwhile, the Bitcoin blockchain and thousands of others kept moving money across the world without any slowdown.

During this time, the apps that the WHO was referencing eventually began to add support for cryptocurrencies. Cash App offers dozens of Bitcoin-related products and services, such as the ability to have your salary converted into BTC. Venmo and its parent brand PayPal each added support for BTC, ETH, LTC, and BCH.

Pandemic Stimulus Creates Inflation Imbalance

Another reason for the explosion in interest surrounding cryptocurrencies was due to the stimulus packages designed to keep the economy afloat, costing governments so much. It forced governments to take on debt and expand the money supply rapidly.

According to Wikipedia, “monetarism is a school of thought in monetary economics that emphasizes the role of governments in controlling the amount of money in circulation.” Following this theory, as the economy grows, the government should expand the money supply to support growth. During a period of decline, the government would –– in theory –– reduce the money supply. Doing so keeps inflation at a low enough level to prevent harm to the economy. Simply put, inflation is positive when kept at a reasonable rate.

The problem here is that those in control of this policy are human and driven by greed. 80% of the US money supply was produced over the last 14 years since the Great Recession. The money printer was put into overdrive following the pandemic, and as a result, inflation has risen to the highest level in the last 40 years. Because of this, businesses and individuals who save their money in the dollar suffer, and it could lead to extremely negative consequences for the economy.

This is another area where cryptocurrencies show unconventional promise. Many cryptocurrencies, for example, Bitcoin and Litecoin, have a deflationary model. The supply of these coins is strictly finite, and this scarcity is limited by the cryptocurrency’s underlying code. This design makes it possible to fight against inflation long term and prevent human greed from debasing the cryptocurrency. By design, the coin becomes more expensive over time as more participants transact across the network.

Pre-Recession Profits And New Opportunities

The downside to cryptocurrencies is that they are highly volatile. Bitcoin has lost more than 50% of its value from all-time highs. However, at the same time, it has grown by more than a million percent in the last decade from virtually worthless to roughly $38,000 per coin currently. Meanwhile, the buying power of fiat currencies has only dropped significantly in the same timeframe.

As such, fiat currencies that traditionally have been used for savings now make an inferior investment or place to park money. It is unprofitable to keep money in a bank account long-term or invest in government bonds. On the other hand, cryptocurrencies can be bought and forgotten about for ten years and would likely lead to a substantial profit.

Mexican billionaire Ricardo Salinas says it is silly to check the price of Bitcoin frequently, saying that “you wouldn’t check the price of your house that often.” Bitcoin itself is even more scarce than real estate, and look how real estate prices have appreciated throughout history.

In addition, cryptocurrencies are creating new ways to make money through tools such as staking, farming, or copy trading. These tools also carry risks but can be used to substantially increase capital and do so passively. Passive income on traditional savings accounts is less than 0.1% and, with today’s inflation rate factored in, actually loses buying power over time. Passive income on staking using a tool like PrimeXBT’s yield accounts provides up to 14% in variable APY. By comparison, it is easy to see how crypto is stealing the show.

Profits are sometimes even produced out of what seems like thin air across crypto. Promising blockchain-based projects conduct airdrops and other promotions that deliver tokens for free or very cheap. And while cheap or even free tokens are easy to ignore, thinking they are worthless, many eventually become incredibly expensive. The most recent example was from the NFT project, The Bored Ape Yacht Club. The project distributed 15% of a new token called ApeCoin to NFT holders. These free tokens have since risen from roughly $7 per APE to a high of $28.

Safety Against Seizure Or Sanctions

It might sound impossible if you are from America, but inflation rates have reached 140% in other countries like Lebanon. It isn’t very comforting to think that your money could depreciate to zero, even with the government involved. When times get tough, the government gets controlling, and there is nothing that can be done if you are using their money. Accounts and assets can be frozen or seized.

The escalating conflict in Ukraine has made the subject of sanctions something that every oligarch across the globe should consider cryptocurrencies for. Unlike fiat currencies that can be controlled, blocked, or stopped by controlling governments, the Bitcoin blockchain is fully decentralized, doesn’t discriminate, and cannot be stopped.

Granted, because of the transparency involved with the blockchain ledger Bitcoin is built on, coins can be traced, and it is possible to force centralized exchanges from blocking any transactions to or from the platform. However, from one Bitcoin wallet to another, there is nothing any government can do to intervene.

About PrimeXBT Products And Services

With a reputable trading platform like PrimeXBT, users can buy verified and clean Bitcoin, begin trading or access a variety of cryptocurrency-based products and services. All of the most profitable solutions outlined in this article are offered at the award-winning PrimeXBT.

The main attraction is margin trading with more than 100 different of today’s most popular and trending trading instruments, including gold, oil, the S&P 500, Bitcoin, Ethereum, and many more. Long and short positions combined with built-in charting tools give traders total flexibility and control over their trading portfolio using a single, secure account.

PrimeXBT also offers a peer-to-peer copy trading community called Covesting. For those that struggle with crypto market volatility, the Covesting copy trading module lets novice traders follow and copy the trades of more skilled strategy managers. These strategy managers are ranked by performance in a transparent leaderboard system that followers can use to pick a winner.

No matter what product or service you use, there are profits abound. The next time you consider where your fiat money is going to go next, consider putting it to work for you at PrimeXBT.

Last Chance to Book Your Booth for iFX EXPO International 2022

Welcome to the iFX EXPO, the world’s first and largest financial business to business exhibition. This year, iFX EXPO International 2022 is going to be bigger than ever.

The organisers are planning 2+ days of networking and engaging with the titans of the industry from the 7th to the 9th of June in Limassol, Cyprus. From Online Trading, to Financial Services, and Fintech, they’re giving you the opportunity for invaluable conversations.

This is the event for:

  • Technology & Service Providers
  • Digital Assets & Blockchain
  • Retail & Institutional Brokers
  • Payments, Banks & Liquidity Providers
  • Affiliates & IBs
  • Regulation & Compliance

The Palais des Sports, Spyros Kyprianou Athletic Center will play host to the attendees, exhibitors, and sponsors which include successful start-ups, leading international brands, and industry giants.

The events kicks off with a welcome party taking place on the night of the 7th of June at Columbia Beach with a show-stopping night party also planned at Theama Venue on the evening of the 8th. There are several luxurious hotels ready to accommodate you such as the Parklane Resort & Spa, Amara Hotel, St. Raphael Resort and The Royal Apollonia, with pickup points to take you to the Expo venue on the days of the show.

The deadline for their Early Bird promotion has been officially extended to the 10th of May. Certain business categories are eligible for the Early Bird completely FREE of charge. Head over to register to see whether you qualify.

As you can imagine, the exclusivity of the iFX EXPO International 2022 makes booths limited in number and only the last few sponsorships remain. The deadline for registering your company’s booth is fast approaching so this is your last chance to book. Do not let the opportunity pass you by. Contact sales@ifxexpo.com and secure your spot.

With just over a month to go, Ultimate Fintech are more excited than ever to once again bring you all together for an unforgettable few days. From the exhibitors, to the sponsors, to keynote speakers, everyone has their role to play in making the iFX EXPO International 2022 the designated foothold for individuals to harbour expert industry knowledge and to make the most of unlimited networking opportunities.

See you there! Visit the official website to find out more.

 

How Far Is the Fed Prepared to Take Policy Tightening?

Written on 03/05/2022 by Lukman Otunuga, Senior Research Analyst at FXTM

Inflation, Labour Market and the FOMC

This aggressive step is just the first of three half point moves anticipated by markets at its next meetings in June and July. Policymakers are focused on the historic pace of inflation at 40-year highs and the associated risks.

Markets have been left in no doubt that the FOMC intends to speed up rate hikes to get the Fed Funds target rate quickly back to neutral. The March FOMC minutes revealed that a 50bp hike could have been on the table had it not been for the Ukraine conflict. That is a rare event when the Fed even considers delivering something that was not pre-discounted by the market (even if often pushed there by the Fed in the first place).

Chair Powell himself has said it was appropriate to “be moving a little more quickly” to tighten policy. indeed, he guided that “there’s something to the idea of front-loading” rate hikes. The latest inflation print hit 8.5% and Fed officials have warned of upside risks to price growth due to war in Ukraine and Chinese lockdowns.

The tight labour market should also be confirmed with another healthy non-farm payrolls report on Friday, which should trump the surprise first quarter GDP contraction. Wages are rising amid a lack of workers with most economists seeing US consumer price growth remaining elevated above 4% during 2022.

Fed Funds Rate Forecasts for the Rest of the Year

Markets are betting that the Fed funds rate, currently between 0.25% and 0.5%, will be lifted to 2.7% by the end of December, pushing potentially up to 3% next year. Financial conditions have begun to tighten, in anticipation of quantitative tightening that should be formally announced on Wednesday. We also note that sentiment figures have been edging lower recently. This could point to a cyclical slowdown in the second half of the year.

But monetary policy remains highly accommodative with the US 10-year “real” rate only just turning positive. That means it is still below neutral which signifies that policy remains very easy. Many economists see risks may be skewed towards faster rate moves and an even stronger dollar. A half point rate rise is baked in so it will be down to Chair Powell and a repeat of an “expeditious” normalisation of policy to keep the buck bid. The key question is how fast the Fed can raise rates without slowing growth and causing a US recession.

For more information, please visit: FXTM

Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.

Ultimate Fintech Awards 2022 – Recognising the Top B2B & B2C Brands in Online Trading and Fintech

Roll out the red carpet and put on your best suits, the Ultimate Fintech Awards 2022 are here!

About the Awards Ceremony

The awards ceremony aims to recognise top brands in the B2B & B2C online trading and fintech space. The industry’s elite will be battling it out for a multitude of potential awards carefully curated by Ultimate Fintech, the full-service marketing agency, and producers of the legendary iFX EXPO.

Winning one of these prestigious awards doesn’t just offer your brand bragging rights, but garners significant exposure to target audiences around the world.

Every company can claim to be the best, it’s time to prove it.

Categories

There are three different awards categories.

  • Broker Awards

These feature global awards such as the Broker of the Year award, the Most Transparent Broker award, as well as the Best Trading Platform.

  • Regional Broker Awards

These awards are broken down by region and country including Asia, Europe, the Middle East, and Australia/New Zealand to name a few.

  • B2B Awards

These include the Best Social Trading Solution award, the Best Institutional Broker, as well as the Best Bridge Provider award.

Timeframe

Nominations are now open, which means that you’ve got until the 23rd of May to shine the spotlight on the brands that go above and beyond for their clients.

The voting round is between the 25th of May and the 1st of June. During this round, the entire industry will be asked to cast their vote.

It all comes together on the 9th of June, where the winners will be announced at the Awards Ceremony held on the last day of the iFX EXPO International (as if it wasn’t exciting enough).

How do I nominate and vote?

Applicants have to register and fill out the nomination application form once they login. There will be a public voting system hosted on the website during the voting round as well.

With just over a month to go until the deciding night, it’s time to rally your troops and earn your place among the biggest in the business. The Ultimate Fintech Awards are your platform to skyrocket your brand to international superstardom.

Ready to make it official? Nominate your brand.

HotForex Evolves into HFM

May 2022 – In response to accelerated company growth and an expanded product offering, global multi-asset broker HotForex announced that is undergoing a visual transformation of its corporate name and logo, going by the name of HFM.

As the company has broadened its reach beyond Forex trading, this move is aiming to highlight the wide variety of financial markets clients can access and the continuous efforts to offer a seamless trading experience to clients regardless of trading ability and geographic location.

HF Markets Group CEO George Koumantaris commented on the move and how it will benefit clients: “This is a major milestone for the company which marks its transformation into a one stop broker destination for clients. This new and evolving positioning perfectly illustrates our growing ambition on the industry and signifies the expanded product range now available that goes way beyond forex, also offering stocks, commodities, indices, ETFs and much more. We feel it’s important to let people know what HFM stands for and that the new name will allow us to leverage and become a future ready company.”

HotForex was founded in 2010 and over the years it has distinguished itself from others as a global multi- asset broker providing access to the financial markets to millions of traders and investors worldwide. The company’s ethos has always been built on honesty, openness, and transparency. These are the principles that have kept the company not only running seamlessly for the past decade and growing rapidly over this time, but it is something that HFM will embrace as they are entering a new era.

Visit the new HFM website today to find out more about the company’s award-winning trading experience.

About HotForex

HotForex, a brand name of HF Markets Group, is an internationally acclaimed multi-asset broker of choice to over 3.5 million live accounts worldwide that has earned over 60 coveted industry awards in its 12-year history. The company offers a wide variety of account types, innovative products, platforms, tools and educational resources besides outstanding customer service and unparalleled trading conditions to facilitate individuals and institutional customers to trade Forex and CFDs online.