Ethereum’s Boom and Bust Due to Speculators and ICOs
272.72 USD -8.76%
0.03118000 BTC 2.16%
Coinspeaker Why Should You Day Trade Ethereum?While Bitcoin – and the blockchain technology behind it – are the trailblazers of the crypto world, there are now many cryptocurrencies competing for supremacy, foremost amongst these being Ethereum.Why is Ethereum so Important in the Crypto Sphere?Launched 6 years after Bitcoin, Ethereum is currently the second-largest and most widely accepted and traded cryptocurrency. Why? Because the Ethereum network is an ecosystem in itself, providing very promising solutions to wide-ranging fields, from finance to health.While Bitcoin can only be described as a peer-to-peer decentralized payment system, the Ethereum network (and its currency Ether) is more than just a payment system or a digital currency.While both are based on blockchain technology, the Ethereum network went further, introducing the world to “smart contracts”. These contracts represent a piece of code, written to dictate the way online transactions happen within an application.With smart contracts, Ethereum offers endless autonomous possibilities within the Ethereum blockchain network for governments, institutions, and businesses around the world wanting to incorporate these applications into their day-to-day activities.The fact that you can build a decentralized app (dApp) on top of the Ethereum network has catalyzed the crypto-market over the last few years, leading many to describe Ethereum as a leading driver in the crypto-industry.As more and more people believe that digital currencies will become an important part of our financial system in the upcoming years, more money is being invested in cryptocurrencies every day.Day Trading Ethereum CFDs vs. Trading Ethereum through an ExchangeThe crypto market is a quite new and unregulated market, whose price fundamentals are still unclear. This uncertainty often triggers large price movement in both directions (upwards and downwards).At the time of writing, for instance, Ethereum has gained more than 69% since January but lost more than 22% this month. While this volatility is great for day traders, as they can seize upon these trading opportunities via CFDs, it is not great for people holding Ethers in a wallet for the long-term, as the tokens may yet prove to lose value over time.Ethereum token ownership is the big difference between trading Ethereum via CFDs and buying and selling Ethereum through an exchange. With CFDs, you do not own Ethereum tokens, you’re only taking advantage of the price changes of the digital currency. However, when you buy and sell Ethereum through an exchange, you own the tokens and you need to store them in a wallet (paper, hardware, online, etc.).Trading Ethereum CFDs has other advantages, such as leveraged/margin trading, the possibility of profiting from both rising and falling markets, and trading within a regulated environment with trader protections, such as negative balance protection.How to Choose the Right Broker to Day Trade Ethereum?When using CFDs on Ethereum and other cryptocurrencies, you need to be sure you’re using a reliable broker that provides the best trading conditions for your trading style.With easyMarkets, day trading Ethereum is easy and safe – you can take advantage of market volatility with great charting and trading tools, while protecting your capital with money and risk management tools, such as free guaranteed stop loss, and fixed spreads. easyMarkets is licensed in Cyprus and Australia.Remember that in choosing the right broker for your day trading strategy, you should first determine whether or not it is licensed and regulated (in the more territories, the better). Then, verify how available and knowledgeable the customer service is. Finally, test the trading platform to be sure it suits your needs (technical indicators, charting and drawing tools, variety of orders, etc.).Why Should You Day Trade Ethereum?
Coinspeaker SonicX: New Blockchain Platform as a Competition to Libra?SonicX, a blockchain platform that provides trust, top-notch security and efficiency decided to develop a payment gateway that facilitates not only peer-to-peer transactions but also a tokenized system for content storage and online gaming.Appreciating the natural fit of blockchain decentralized platform and secured payment system for businesses like gaming, the SonicX team provided solutions to these challenges by building a decentralized platform for the internet users — using the SOX token; a blockchain architecture that has scalability at minimum cost and an ecosystem that will enable internet users to have their own digital governance.This blockchain platform is based on Tron’s architecture. As per that, SonicX will also be able to take advantage of Tron’s features. Some of the advantages include huge increasing of the platform’s TPS (transactions per second) and implementing its own digital governance that allows token holders to have voting rights that benefit the community in global.However, it is important to mention that the token (SOX) can also be used for making cross-border payments and that is what it makes it stand out as a potential global competitor to Facebook’s Libra currency.Big tech companies like Apple, Google, and Facebook have become stock market sensations, but it’s high valuations cannot really help them in the FinTech space. In fact, success could show as of a big problem for any tech major that wants to enter the payments space.As it’s already known, Facebook’s coin would be based on a very different idea than Bitcoin.Unlike Bitcoin, which is an open system, Libra is closed and will be highly protected.Facebook announced the currency in partnership with 27 major corporations including Visa, Mastercard, Lyft and Uber. These founding members constitute the Libra Association, which will be in charge of processing transactions for the network and maintaining its version of the blockchain.SonicX created a system that is in-line with the foundational philosophy of Bitcoin and makes it a viable global payment system. Also, let’s not forget, smaller companies like SonicX not only enjoy the advantage of flying under the radar of the government, but also have open-source code they can rely on.Libra aims to target a wide variety of services that integrates with Facebook and as that, it is ideal for micro-payments. However, it is pegged to fiat reserves so it’s a stable-coin, that will start off as highly centralized and eventually move over to a DPoS (Delegated Proof-of-Stake) system.The SOX tokens value is, on the other hand, determined by the free market and not pegged to fiat reserves. Although that can mean more volatility, the case for SOX over Libra is in value against fiat.SonicX is also great for e-gaming and cross-border payments. While specific to this market, it only means that it has a strong use case for it. Even though Libra appears more viable for transferring value over Facebook’s ecosystem, not everyone may want to use it. What if users do not want to use their Facebook account for making cross-border payments? In that case, their option is to use a permission-less and trust-less system like SonicX.SonicX: New Blockchain Platform as a Competition to Libra?
Verify a Product’s Origin within 5 Seconds with the Blockchain Application for Supply Chain by LINA NETWORK
On June 12, as dawn broke in Bangkok, PROPAK ASIA 2019 was commenced. “We highly recognize the potential of LINA NETWORK’s solution for Supply Chain in the supervision and tracing of agricultural products,” commented the Chairman of AIM Thai Intertrade. PROPAK ASIA 2019 in Thailand is one of Asia’s largest technology exhibitions, attracting 50,000 visitors […] The post Verify a Product’s Origin within 5 Seconds with the Blockchain Application for Supply Chain by LINA NETWORK appeared first on CCN Markets