Shiba Inu Welcomes a New Whale with a 3.4 Trillion SHIB Transaction
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Shiba Inu Welcomes a New Whale with a 3.4 Trillion SHIB Transaction

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Shina Inu is not new to recording whale interests towards its native coin. In fact, the meme-coin entered amidst great expectations of a bullish streak which made the Ethereum whales buy the token in bulk. However, the first month of 2022 has not been very supportive of the financial sector, with all the assets losing a significant portion of their value. Even the king-crypto lost nearly 50% of its highest position from 2021. The whale who bought the Shiba Inu incurred loss in billions as per the whale trackers.

Now, after successfully enduring the hard times from January, the market seems to be getting back on track. And the craze towards the meme-coin also seems to spring up as an Ethereum whale just bought a bulk of SHIB worth 115 million US dollars. The Shiba Inu community looked excited to welcome the arrival of this new whale. The excitement is also followed by an expectation about SHIB’s future price movements after this bulk transaction. 

The interest in SHIB directed the attention of investors towards its predictions for 2022. According to CryptoNewsZ, SHIB is potential enough to reach the range of $0.0000623 by the fourth quarter of the current year. As the market is stabilizing slowly, SHIB could start the predicted bullish streak anytime soon. Could this current dip be the right time for a  revision of your portfolio? Learn from this Shiba Inu coin price prediction here.

The following tweet by WhaleStats claimed that Shiba Inu also became the biggest holding in the Ethereum wallets, next only to Ethereum. After this bulk transaction from this new Shiba Inu whale, the meme-coin dethroned FTT to claim this position behind Ethereum by USD value. The new transaction brought the value of SHIB in the wallets to $1.8 billion, accounting for 16.85% of the entire holdings. FTX, on the other hand, accounts for 16.07%, valued at over $1.7 billion. Polygon’s MATIC holds the last position and is making rapid progress in the Ethereum wallets, accounting for 2.71%.  MANA holds the position above MATIC in the top 10 Ethereum Whales’ holdings.

The whales also showed increased interest in MATIC and LINK in the last few days. This could be due to the proven positive trend of the coins in the last 24 hours. MATIC has shown a growth of more than 11% in the last 24 hours and is currently trading just short of $2. The massive MATIC  purchases could be a short-term hustle by the whales, and they are also known for having one of the best long-term projections. This native Polygon token also became the most traded coin in the top 100 Ethereum wallets, a position previously occupied by SHIB. The wallets also recorded the purchase of LINK worth $8 million.

Investors Await Decisions of Central Bank, Making Asian Shares Mixed
Stocks

Investors Await Decisions of Central Bank, Making Asian Shares Mixed

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With apprehensive investors awaiting three crucial central bank meetings that might set the tone for risk appetite moving into next year, Asian stocks witnessed a mix on Tuesday with currencies remaining in tight ranges. The meeting of the Reserve Bank of Australia (RBA) on Tuesday was the immediate focus, with the Bank of England and the Federal Reserve making policy decisions later in the week.

Adam Dawes, an Investment advisor at Shaw and Partners Ltd, said that they are keen to know the results of the RBA. He anticipates that wording will begin to shift in favor of the hikes in interest rates, or at the very least, the withdrawal of quantitative easing. A reduction in the RBA’s primary policy measure aimed at short-term rates which are ultra-low would signify a shift in the bank’s approach and might serve as a prelude to the Fed’s meeting. The markets believe this meeting would herald the start of the Fed’s bond-buying process.

Before the RBA’s post-meeting statement, the government bonds of Australia declined, with the 10-year benchmark yield rising five basis points to 1.973 percent. Although the Hong Kong benchmark was up by 1.8 percent, Chinese shares began marginally lower. Local blue chips (.CSI300) were down 0.09 percent. The KOSPI index (.KS11) in South Korea started at 1.50 percent higher. After exceeding 36,000 points for the first time during intraday trade, the Dow Jones Industrial Average (.DJI) climbed 0.26 percent. 

In early trade, currency movements were minor, with the dollar lingering near recent highs after posting its largest daily gain in more than four months last Friday. The yen was a smidgeon lower at 114.11 per dollar, with the dollar losing ground against the euro overnight.

The Australian dollar stayed firm at $0.7521 after a week of frantic selling in the local bond market. However, volatility gauges indicate a turbulent week ahead.

On Wednesday, the Federal Reserve plans to approve reducing its $120 billion monthly bond-purchasing programs, which was put in place to help the economy. On the other hand, investors will be looking for comments on interest rates and how long the current spike in inflation would last. Expectations of robust demand and the conviction that producer groups will not be turning into spigots too quickly helped oil prices recover on Monday, reversing earlier losses triggered by China’s release of fuel stockpiles.

Full Crypto Trading Bot in Python
Trading News

Full Crypto Trading Bot in Python

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With the popularity of cryptocurrencies in the financial world, investors are exploring new ways to incorporate advanced technology in their trading strategy to make a handsome profit.

Due to online learning tools, it has become easy for the self-learners to benefit from the advanced tools and technology. When it comes to crypto technology, a trading bot is the most popular one among all. A trading bot removes the hassle of portfolio construction as there is a quick need to execute, devise, and maintain a good trading strategy in this volatile crypto market.

Why Trading Bots?

Trading bots have been available since the 2000s, and they were first introduced in forex trading. Trading bots are the automated trading system that maintains a considerable volume of assets worldwide.

Trading bots are usually software programs that use artificial intelligence and machine learning to execute cryptocurrency trades according to predefined algorithms.

These bots help in generating risk-adjusted returns. There are two reasons why using bots is excellent. Firstly, bots can make the entire system more straightforward and easy. They can also take care of different factors like index construction, portfolio diversification, rebalancing, etc. However, it would help if you remembered that you need to take care of the basics and keep track of the trading bots’ cryptocurrencies.

Secondly, trading bots are used to do automating functions that are time-consuming, repetitive, and complicated. A trading bot can efficiently complete repetitive tasks like finishing hourly rebalances and executing a trade at the right time. It also automates the strategies not to miss your profit share when you are not available.

There are two main kinds of trading bots: for trading and the other is for arbitrage. Crypto bots for trading mainly focus on a simple strategy: buying currencies at a lower price and selling it at a higher price. On the other hand, arbitrage bots trade in different exchanges, buying currency from an exchange where the price is lower and selling it on another exchange where the price is a little higher.

How Do Crypto Trading Bots Work?

A crypto bot works on a pre-set strategy that the trader manually sets. If the strategy is less configurable, there are fewer chances of influencing the strategy. The crypto bot’s biggest benefit is that if more advanced settings are set, the bot can bring huge profit to an experienced trader. However, if a trader is inexperienced, the presence of many parameters may confuse him, which may cause him to lose his money. So, for the beginners, the ideal crypto bots are the ones that already have set parameters and strategies like stock market strategies, strategies specially designed for a specific currency, etc.

How to Create Crypto Trading Bot in Python?

There are two main ways through which you can get a crypto trading bot which are:

  1. Coding – Crypto robots are made to work on the crypto exchanges that a trader wishes to trade on, and for that, one of the biggest conditions is that the exchange should have a trading API (Application Programming Interface). API is a set of information about the current trade which lets users participate in trading on specific parameters. However, that doesn’t mean that it’s impossible to construct a bot in python without API but developing it will take a lot longer without API.
  2. Purchase – It’s easy to buy bots from the developer if you don’t know how to code. Some companies offer bots of different classes at varying prices. You can save money and get a simple bot for one month, or you can get a trading bot with multiple strategies that you can use untimely. If you want, you can also get it customized, but of course, the price of such crypto trading bots is higher.

Is It Helpful?

Many people doubt if crypto trading bots are beneficial or not. However, using bots for crypto trading has its pros and cons. Here are the advantages:

  1. Time-saving – Making a profitable trade takes time which can also include 10-15 hours. However, robots can help you save time as they can work for 24 hours without needing a break.
  2. Speed – Trading bots can do all the necessary calculations in no time and can place buy/sell orders quickly.
  3. Accuracy – Humans can make errors in calculations, but a trading bot cannot. The calculations done by a crypto trading bot are accurate, which increases your chance of making a profit.

In addition to benefits, there are some disadvantages as well which are:

  1. Commissions – A crypto trading bot, if not configured well, can cut down the profits. The best way is to start trading on the exchanges with positive maker fees and earn commissions while placing orders.
  2. Black swan event – It can become almost impossible to trade if there is any problem with the bot’s connection like API and internet blackout. When such things happen during huge volatility, there can be big losses. It is important to get a bot that can work 24/7 with no API connection and crypto exchange issues.

Takeaways for Your Python Trading Bot

Being a beginner in trading, you can make a lot of mistakes while learning to trade. But with experience, you can learn the patterns and become a good player. To make things simple, you can invest in a good trading bot that can complete the trivial task for you. However, finding a good trading bot is also not easy; you can make mistakes before you find such a good program.

Finally, you should also remember that a crypto trading bot can only bring profit if the strategies are reconfigured and reviewed periodically, which means you need to understand how it works and what it does.

Conclusion

For crypto trading like said here in complete stormgain review, you need few skills to make everything work. If you can get through all that and find the right bot for you, then it can be rewarding for you, given your bot has pre-set strategies that work. The best part of a trading bot is that it can do the things that exchanges won’t allow you to do. Bots can be easily programmed to do things like accumulation and arbitrage. There is no limit in crypto trading if you can find the right bot for you.

Landmark Year For Bitcoin Countries
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2020 Landmark Year for Bitcoin Countries Where Legalized and Banned

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Bitcoin is a digital currency created in 2009 by Satoshi Nakamoto; however, his real identity has never been revealed; it can be a person or an organization. Unlike fiat currencies like dollars or Euro, Bitcoin is not a tangible item and exists only in the virtual world, i.e., the Internet. Blockchain ledgers keep track of Bitcoins, which can be received or sent by anyone anonymously through Bitcoin address and peer-to-peer transactions.

There are several similarities with traditional currencies. Bitcoin is traded on various crypto trading exchanges worldwide, and this supply and demand help determine its price. But the price of this cryptocurrency can be very volatile when it comes to the exchange rate with government-issued currencies. There are two reasons for this. One, the volume of available Bitcoin is limited as mining the digital coin requires the skilled technicians’ expertise and the installation of very advanced computers. Few people can afford it. Two, speculation mainly powers Bitcoin prices, and here the sky is the limit.

Statutory and Legal Issues with Bitcoin

Bitcoin can be issued and mined by anybody with the necessary infrastructure, and the marketplace for the coin is not regulated. Without a centralized issuing authority, countries do not have any control over trading or transactions in Bitcoins. The address that a Bitcoin is linked to does not have any identification marks like Social Security Numbers or bank accounts details. Hence Bitcoins are untraceable and thus prone to be used in illegal activities.

When Bitcoin was first introduced, it became a standard form of currency for drug peddlers and traffickers. The famous Silk Road market in the USA is testimony to it. It consisted of the dark web where all dealings were hidden, and users paid in Bitcoins to procure drugs. Eventually, the FBI latched on to this network and shut it down in October 2013.

However, those seeking anonymity for illegal activities are now moving away from Bitcoin to other cryptocurrencies like Monero and Zeash that offer more enhanced privacy protection than Bitcoin. In Bitcoin, a permanent public record is created on the Blockchain, an immutable part of the coin’s digital structure. Whenever a person is linked to a Bitcoin address, he/she is automatically linked to that address for all transactions.

The fact that the type of transactions and its purpose can be hidden from the public domain has resulted in several countries banning Bitcoin, while in many others, this virtual coin is legit.

Countries where Bitcoin is Banned

Several countries have banned the Bitcoin’s use mainly because of the decentralized nature and the threat it poses to the official mainstream financial system. Some countries have banned the crypto coin until a regulatory framework is framed.

Countries that have banned Bitcoins are Afghanistan, Albania, Bolivia, Bangladesh, Pakistan, Qatar, Saudi Arabia, The Republic of Macedonia, Vanuatu, and Vietnam.

There are others where Bitcoin has not been fully banned, but severe government restrictions have been placed on usage and cannot be used for payments or trading. Financial service providers and banks have been prohibited from transacting with companies dealing in crypto. These countries are China, Ecuador, India, Indonesia, Morocco, Nepal, Egypt, Zambia, and American Samoa.

Countries where Bitcoin is Legal

It is heartening to note that there are 111 countries globally where Bitcoins are recognized by law and legitimate. Most crypto-friendly countries, while legalizing Bitcoins, have implemented strict anti-money laundering laws to ensure that transactions are above board and legal. Crypto exchanges operating in these countries scrupulously follow the statutory norms as required.

Among the most Bitcoin-friendly countries are Japan, the U.K, the USA, Germany, Singapore, Switzerland, Hong Kong, Bermuda, Estonia, Slovenia, and the Netherlands.

Even though Bitcoin is legit in these countries, it is not treated as legal tender and, for tax calculations, considered property instead of currency. Hence, holders of Bitcoins are liable to pay taxes.

The 2020 Landmark Bitcoin Case in India

After the Indian Prime Minister banned almost 80% of the country’s fiat currency and brought in new denominations, there was a sudden rise in crypto transactions and a string of frauds in 2018, months after the ban was implemented. This led to Bitcoin and other crypto being prohibited from trading or for any transactions. But the crypto exchanges fought back and filed a lawsuit for lifting the ban in the Supreme Court in the country.

In a landmark judgment in March 2020, the Court decided to reverse the Government decisions, which saw a nearly 450% surge in crypto transactions, including Bitcoin.

However, stung by the reverse, the Government is introducing a bill in Parliament, which will encourage Blockchain technology on which Bitcoin is founded but will prohibit trading in the cryptocurrency. If you want to trade or invest in Bitcoin then you must choose the best trading platform that can lead you to earn good money. Bitcoin robot is one of the innovative & unique platforms that can lead you to earn a good chunk of profit from Bitcoin trading. Check out the list of Best Bitcoin Robot and choose from them to maximize your profit.

Dollar Recovers from 2-Year Low Amid Hopes of Stimulus Deal
Forex News

Dollar Recovers from 2-Year Low Amid Hopes of Stimulus Deal

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The US dollar showed some signs of recovery after falling for consecutive seven weeks as it reached 93.597 on August 11, 2020, from a 2-year low of 92.495 on August 7. Investors expect more recovery in its value and hoping a bi-partisan economic stimulus deal to take place in Washington.

Traders credit rebounding of the yields on 10-year U.S. Treasuries, which reached 0.581% after relentless lows for several months, for gains in the value of the dollar.

The value of foreign currencies against the US dollar also showed a little bit of change with Euro standing at 1.1741, lira at 7.320, and the Yen at 105.96. Driven by all this, the S&P 500 index reached a five-month high on August 10, 2020.

Excited with recovery in the Dollar, MUFG Bank’s chief currency analyst Minori Uchida said that it would diminish the possibility of any cut-off of extra unemployment benefits.

On August 8, 2020, executive orders were signed by U.S. President Donald Trump to extend unemployment benefits and defer payroll taxes.

However, JPMorgan’s head of Japan rates and FX research Takafumi Yamawaki is of the opinion that as investors expect an economic stimulus deal, the government’s measures so far to boost the economy would be insufficient.

Amid all this, on August 10, 2020, the Congressmen and Trump administration announced to restart talks over a COVID-19 aid deal. But Democrats and Republicans need to sort out their differences to make it happen.

Investors are also looking carefully at the growing tensions in the U.S.-China relations as in a politically motivated reaction; China banned few Republican lawmakers after the U.S. imposed sanctions on some Chinese and Hong Kong officials.

Furthermore, Steven Mnuchin, the U.S. Treasury Secretary, threatened to delist Chinese companies, among others, from the U.S. stock exchanges by the end of 2021 if they failed to comply with accounting standards.

Baku to Host Fintech Summit 2020 Exhibition Supported By CBA
Financial Planning

Baku to Host 2020 Fintech Summit: An Expo On Financial Technologies

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A Fintech Summit is to be hosted by Baku for two days, i.e., on 14th May 2020 and 15th May 2020. As per the reports referring to Azerbaijan Banks Association (ABA), the summit is dedicated to the technologies of Azerbaijan.

The concept behind this exhibition is to portray new trends in the sectors of security, banking, payment ecosystem, innovative solutions, monetary technology.

The event is organized in partnership with VISA and supported by the ABA, the Central Bank of Azerbaijan (CBA), Transport Ministry, and also by the Center of Economic Reforms and Communication.

The main purpose of organizing this summit is to conduct a platform to exchange ideas over financial technology, digitization, payment ecosystems. The summit provides opportunities to explore and discuss new products related to finance and banking, new payment systems, digital currencies, banks co-operating with fintech, and raising security issues with the rise of such technologies.

The summit is considered one of the most known finance and banking event where CEOs and management of government bodies, top management commercial banks gather to share the ideas on the development of the monetary sector and banking technology. It also holds other officials such as commercial managers, public organizations, financial institution representatives, well-known firms who provide finance and banking products and solution systems, and stakeholders.

Huawei eyes more product purchases investment in S. Korea
Company News

Huawei Looks For More Investments and Product Purchases in South Korea Due to US Sanctions

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The sanctions in the United States have made Chinese telecom giant Huawei look at South Korea for its rising demand for telecom and smartphone equipment. The company has also vowed to raise its investments in South Korea, according to the head of global media and communications at the company Karl Song Kai.

Huawei is the world’s second-biggest smartphone manufacturer and number 1 when it comes to telecom equipment. However, US sanctions have disrupted its operations considerably. The company announced that it is going to bump up its purchases from South Korea to $11.1 billion this year from $10.6 billion in 2018.

Karl Song Kai stated,

As (the) U.S. (is) getting close-minded, I believe this is an opportunity for other countries such as South Korea. In 2020, we’ll buy more Korean-made products and invest more in South Korea.

While Huawei has been banned from the United States, additional sanctions barred American companies from selling chips and other materials.

Hence, Huawei has found it increasingly more logical to source those products from South Korea. Other than South Korea, vendors from many other nations have also been roped in by the company. The head of the company’s operations in South Korea, Shawn Meng, stated that the country is one of the most important markets for Huawei.

Cat Rock Capital Releases Just Eat and Takeaway.com Merger Presentation
Company News

Cat Rock Capital Releases Just Eat and Takeaway.com Merger Presentation

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Cat Rock Capital Management LP, which is based on Greenwich, Connecticut, released a presentation on the merger between Just Eat and Takeaway.com. It should be noted that Cat Rock owns 17.7 million shares in Just Eat, which represents 3% of the company’s outstanding shares.

The presentation was about the offer made by Takeaway.com for Just Eat. The presentation in question is public, and anyone interested in the same can visit the website JustEatMustDeliver.com for the same. Alternatively, an interested party can also request a copy of the presentation from info@catrockcap.com.

Cat Rock Capital Management LP’s Founder and Managing Partner, Alex Captain, stated,

We have been Just Eat shareholders for over two and a half years, and we are deeply committed to helping Just Eat realize its great potential. Today we are releasing a public presentation outlining our research on the proposed merger between Just Eat and Takeaway.com.

Entera Raises 7.5M to Expand Residential Real Estate Technology Platform
Company News

Entera Raises $7.5M in Funding to Expand Real Estate Platform to Professional Investors

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Leading real estate tech platform Entera, announced that it has managed to secure $7.5 million in a funding round that was led by Craft Ventures and Bullpen Capital. Chris Heller and ValueStream Ventures are other major participants in funding. The Entera platform provides its customers with data-based intelligence so that they can make informed decisions with regards to buying residential real estate.

The company has stated that it is going to use the fresh capital to expand its service to professional investors. Eric Wiesen, General Partner at Bullpen Capital, said,

As more professional capital moves into residential real estate, companies like Entera who provide leading technology and tools and a highly experienced team will play a critical role.

He also stated that although the real estate market has moved online, there was no platform like Entera that consolidated professional investors. The company is going to use the fresh capital to make further advancements to its technology so that it can cater to the specific needs of professionals. The company claims that the platform has facilitated transactions worth $12 billion for its customers this far.

However, one can expect that figure to go up significantly when it is opened up to professionals. It will not only have to strengthen the tech but also have to build up a world-class team of professionals. At this point, there are plenty of investors who have been using the platform for their purposes.

Entera’s Founder & CEO, Martin Kay, explained the virtues of the Entera platform for investors. He said,

Similar to brokerages like E-Trade and Charles Schwab, Entera delivers 100% cloud-based enterprise level solutions that enable investors to make the best decisions and buy with ease.

Entera platform offers its services in 11 markets in the United States currently. It is a fair assumption that it is going to expand its footprint significantly in the years to come. Moreover, professional investors almost always look for a platform that offers a larger market.

Driven Properties is Offering Dubai Property in Cryptocurrency and Bitcoin
Company News

Dubai’s Driven Properties Announces Payment Option in Bitcoin and Cryptocurrencies

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Dubai’s Driven Properties has come up with a new solution that will make it easier for customers to pay for properties. The company announced that it is now going to accept payments in Bitcoin from customers. Driven Properties noted that when it comes to making large transactions through a bank transfer or a credit card, confidentiality becomes a major issue with many customers. However, payments through Bitcoin will allow customers to make payments quickly and also protect their personal information.

It is a radical new approach from Driven Properties, and it remains to be seen if it proves to be successful. There is very little support for cryptocurrencies in Dubai, and hence, people have found it difficult to rent or purchase properties using cryptocurrencies. In addition to that, there are other issues to consider. The delays associated with crediting money into the account, the transaction fees charged by the banks, and lack of privacy are some of the biggest problems for many buyers. A Bitcoin transaction, on the other hand, does not suffer from these problems. Additionally, travelers to Dubai can also use this service from Driven Properties and protect their privacy during their stay.

Driven Properties’ CEO spoke about the rationale behind the move. He said,

In the Dubai real estate market, digital currency such as bitcoin is yet to hit the mainstream as a payment method. Therefore, we have decided to include cryptocurrencies to allow everyone to pay for real estate property without having to consult his or her bank or call any accounting officer.

Driven Properties is involved with some of the best-known luxury properties in Dubai, and the emergence of this payment method gives everyone a chance to rent or buy these properties.

It will be a particularly useful payment method for the traveler and foreign nationals who stay in Dubai on business for a few months. A property agent spoke about this development as well and seemed to welcome the move from Driven Properties. He said,

They are volatile digital currencies with the price variation determined by users and miners. Adding to that, transactions in cryptocurrency are quick, simple, and attract fewer charges. Therefore, we have decided to support bitcoin as a payment method.