Opinion & Analysis

Stellar trades amongst the top 10 cryptos of the global crypto market as the currency breached over 3-year resistance against the US Dollar. Stellar marks a breakthrough amongst the top 10 and leaves behind Chainlink, Binance Coin, Bitcoin SV with its staggering momentum. The XLM price trades at $0.339 after crossing above $0.400 with a long candlewick breach in the wee hours of the trading session today.

 

Stellar Lumens is more than a cryptocurrency, and the platform is just proving XLM’s investment worthy. In this respect, it was just at the onset of the week when Ukraine Government chose Stellar Organization to help develop an infrastructure for a Central Bank digital currency.

 

 

Therefore, as mentioned in XLM Price Prediction is a cryptocurrency and a lucrative platform that is expanding its horizons. Stellar is definitely making the most of it in terms of the huge network base lured by the growing price.

 

XLM Price Analysis

Stellar News

At the time of writing, Stellar has already exploded and breached the upper BB on the daily chart with a massive price pump but was trading below $0.35 after having formed a bearish reversal candle. With the massive gain in price, XLM is almost breaching a three and a half year high against the greenback and has enticed the investors. The volume is hitting skies as Stellar breaks through the stagnant growth, and therefore, the market cap is over $7 billion.

 

The intraday movement has been commendable as it was just yesterday when XLM had a breakthrough. The technical of the currency draws an overwhelmed bullish sentiment with massive trading volume. The MACD is completely bullish with the fact that there has been a massive gain in the price of the XLM coin. The RSI is already crossing the overbought zone due to the massive demand for security and lies at 79.61.

Opinion & Analysis

Zcash, one of the top 35 cryptocurrencies of the global market, is seen trading with a negative sentiment after a bearish candlewick stretched from the trading price of $75 to as low as $66, while currently trades $68.3. Moreover, ZEC price has pulled back to trade below $80 since the beginning of the month after hitting the lower high at $90 in the previous month.

 

Alongside as per Zcash price prediction and technical analysis from experts, ZEC coin had tested support around $50 and $51 thrice in 3 months starting from September until the time of writing. Moreover, the ZEC coin gained notably after the major market crash in March when it corrected as low as $18.06 to hit a YTD high at $102.28 and has strengthened by over 400%.

 

The degree by which Zcash gained is bewildering compared to other major altcoins and the largest cryptocurrency, Bitcoin. The latter is seen trading with a pullback over the past 24 hours, and after a 3-week consolidation, Bitcoin price nosedived below $19k and currently trades at $18.2k.

 

Summarizing Zcash’s price movement over the past two weeks, we see that ZEC/USD’s price trend is drawing a clear lower high pattern followed by three descending price ranges, i.e., $90, $82, and $76.

 

Zcash Price Analysis

Zcash News

 

Today, Zcash was seen trading at $68.30 and has intraday retrieved from the daily lows at $66, wherein it was close to testing 50-day MA daily support at $65.91 followed by $64.24. With the bearish candlewick extended, ZEC/USD breached the lower Bollinger Band after a volatile movement recorded in the past three months.

 

The price movement of Zcash since September 2020 reflects a clear rejection at $75 before the lower high hit in the previous month at $90. The intraday price slash led to drawing a bearish crossover on the daily chart after a downtrend over the past two weeks. The RSI is seen inclining towards the oversold region, with a marginal decrease in the price of Zcash, leading to a slash in demand, currently lying at 47.22.

Company News

The world of business is highly dynamic and in a state of flux, especially in the digital age, with digital currencies playing a major role. However, ‘trust and transparency’ still remain the basic pillars of any business organization, large or small, and some enterprises attach great importance to these principles. Ripple is one such organization that values these foundational principles from the sharing of XRP market reports to seeking regulatory clarity across the industry. The company has recently come in the news owing to the lawsuit it has filed against video giant YouTube for alleged scams. The need to maintain the security of customers and sensitive data from perilous online scams and false impersonifications across social media platforms like Facebook, Twitter and YouTube have prompted strict action. 

Ripple believes that taking prompt legal action would set an exemplary standard for industry-wide regulations, behavioral changes, and improved expectations of accountability. This would also send across a warning against such scamsters spread across various platforms as ‘giveaway scams‘ is on the rise.

Giveaway scam is an industry term that relates to attempts to defraud money from unassuming consumers via social media impersonation, by convincing people that if they send money, they will receive more funds in return—typically through airdrop.

A typical characteristic of these scams is the impersonification of individuals or companies through the creation of fake profiles on social media platforms. It is already being anticipated that the world economy has been entering into a deep crisis, where people are worried about losing their livelihoods along with a dire need to protect their health. Such scams add to the anxiety and inconvenience of users and Ripple is making sincere efforts to create awareness by coming up with a guide to identify and spot such giveaway scams and ensure user safety.

The lawsuit has demanded that YouTube has to take a more aggressive stand to spot such scams before they are posted on any public platform. The crisis owing to COVID-19 has given rise to new kinds of scams and the Federal Trade Commission has recently brought out the very many COVID-19 scams in a report. A loss amounting to almost $13 million has been pointed out by consumers due to frauds related to COVID-19 and the number is growing every day. Lack of information is far less harmful than misinformation, which can have serious adverse effects or short term positive effects, whose bubble would soon burst. The Blockchain and Crypto industry are particularly susceptible to misleading information as information plays a decisive role in an innovation-based sector. Such giveaways not only affect a single organization but creates obstacles for the industry as a whole. Thus Ripple has decided to take strong steps to prevent such impediments in the future, and the lawsuit is a necessary step in that direction. 

The company has hired external cybersecurity and digital intelligence vendor to deal with scams specific to Ripple through reporting and taking down. Besides, XRP has come up with its own submission form to help the members of the community to report any unusual activity. However, in the lawsuit against the video platform, Ripple and Garlinghouse have blamed the former for denigrating the company’s image and reputation. They demanded a specific amount of financial compensation and that YouTube should be prohibited from making further profits from the scams and immediately take them down. In such scams the fraudsters ask for small amounts from their targets in return of enormous returns, and later escape with the amount made. To do so, they use the image of important business leaders like Bill Gates and offer “giveaways,” and buy keywords like Ripple and Brad Garlinghouse so that people searching for these can be made easy targets.

Although many search results with such terms have yielded correct information, there are a number of videos that have used Garlinghouse’s image to entrap victims.

In this case, the complaint cites numerous instances where hackers took over the channels of legitimate creators and replaced their videos with ones advertising Ripple-related scams. The scammy Ripple videos often show media interviews with Garlinghouse lifted from reputable sources and overlaid with invitations to participate in “giveaways” of the cryptocurrency XRP.

The complaint also accuses YouTube of allowing such videos to spread and gaining profits from their promotions instead of restricting them. YouTube has responded by saying,

We take abuse of our platform seriously, and take action quickly when we detect violations of our policies, such as scams or impersonation.

The crypto community has come in support of Ripple in increasing numbers, including young entrepreneurs like Nischal Shetty, founder of WazirXIndia, and Crowdfire. Many have condemned social media platforms for accommodating such scams even if they compromise with user safety, as it increases “engagement on their platform.”  Financial Analyst and YouTuber Tone Vays has also tweeted about the scam and asked YouTube to take down all such “scammy” videos. The crypto community is hopeful that this step would serve as a good example, increasing caution among users and social media platforms who are expected to be careful with their content and its purpose.

Press Release

With cutthroat competition in the market where survival is a task, companies need to enter and stand in the market as a Brand for their survival. With the help of this new concept of ‘Affiliate Marketing’, companies can, to an extent, achieve the make their stand and create a brand in the market.

Affiliate Marketing

Affiliate Marketing is a term or notion for an organized and deliberate plan or strategy. It is a newly evolved and adopted strategy from the need of the companies globally for surviving in the market competition and increasing their sales/revenue. An Affiliate Marketer efficiently does the marketing and advertising work of the products or services on behalf of and for a brand or organization and is entitled to fixed fees or charges if the marketing campaign leads to successful sales and revenue for the same.

Affiliate Marketer is also known as Publisher, who may be a company or a consultant or a company. This arrangement is advantageous for both the affiliate marketers as well as for brands or organizations. There are basically three parties involved in this whole arrangement: a brand/producer, an affiliate marketer, and a consumer.

Crypto Affiliate Marketing

Crypto affiliate marketing is new and highly lucrative as well as an earning oriented concept. Crypto Affiliate Marketing is nothing but the product of a combination of cryptocurrency market/blockchain technology and the Affiliate Marketing Theory. It is somewhat distinct and somewhat more complicated than the traditional cash/fiat-based affiliate marketing industry. The Crypto Affiliate Marketing concept is just a broader perspective of affiliate marketing and the basic Crypto market, considering the digital currency ecosystem’s increasing fame to affiliate marketing.

Mechanism and Choosing of Crypto Affiliate Programs

The crypto affiliate marketing program is simple and easy to understand. The fundamental process, structure, and functioning theory of cryptocurrency affiliate marketing are almost similar to traditional affiliate marketing. The Crypto platforms hire or associate with affiliate marketers to promote their crypto platform. As the client is brought on board on the crypto forum, the publisher will get a commission to complete crypto marketing campaigns successfully.

The only main difference between the cryptocurrency affiliate program and the affiliate marketer is the payment approach adopted by them, i.e., the publishers are paid fees or charges accordingly either in cryptocurrencies or by crediting the account of their affiliates with fiat currencies. There are two types of crypto affiliate programs. The first type is where the marketer manages cryptocurrency payments from the customers or users acquisitions but makes their affiliate payments in standard currency. Then in the second type, the marketer provides others to offer products or services (which usually are mostly associated with cryptocurrencies) and pay their affiliates in cryptocurrency as well.

Further, while choosing a cryptocurrency affiliate network or marketer, the trader wants to work with a securer choice to avoid losses. Therefore, while joining or signing up with a publisher, the trader must first evaluate the appropriate scheme, i.e., must not ignore the actuality that it is challenging to find crypto schemes, so they must not lose an opportunity for a robust or apt deal. The trader should gain access to the referral links for better prospects and then take necessary action, which is commensurate with the commission that is being paid to the affiliate.

About Gladio.com and it’s Benefits

Gladio.com provides a single point of solution to all types of brands or organizations for obtaining high Cost-Per-Action from sales or revenue-boosting campaigns. It primarily promotes CPA campaigns that are beneficial from the advertiser’s perspective, i.e., Advertisers want a higher lead conversion from numerous marketing tactics. Gladio.com offers various services to its patrons, including the areas right from legal assistance, funding, and many others.

Gladio has distinctive features and benefits, such as:

  • It has a global presence and outreach, and it gives 24/7 assistance every day to its publishers.
  • It retains 100% secrecy of its publisher’s data and information.
  • It is a real-time platform with an authentic tracking system of the market trends.
  • It has competitive and compliant payment terms.
  • It provides devoted account managers to publishers for support, irrespective of their size or vertical and source.
  • They offer real-time notifications to their publishers via their allocated account managers.
  • It has and only works with a team of experts for providing Concierge Services to its clients.

Gladio assures to provide a 100% credible outcome as a result of its strategic marketing activities. Gladio’s crux is the team of expert professionals who assess both publishers’ and advertisers’ requirements for making them realistic and successful.

Press Release

We all are familiar with the concept of a stock exchange. It is a platform where you can sell or buy shares of different organizations to make a profit. Similar to the stock exchange, we have the concept of a cryptocurrency exchange in the field of digital coins. The logic of buying and selling cryptocurrencies applies in cryptocurrency exchange, and investors make a profit in terms of buying digital coins at a low price and selling them at a high price. 

Given that cryptocurrency is a relatively new field of evolution, there are many constraints that are impeding its adoption among the general public. People are unaware of the digital coins, and also, technical issues related to digital currencies are matters of concern for many.  

However, the critical issue holding back the Bitcoin adoption is the lack of a mechanism that allows the masses to buy cryptocurrency using conventional methods and processes. This is handicapping the industry’s growth potential, but thankfully now, prospective buyers have got the support of Coinitix. 

Coinitix Platform 

Coinitix is a revolutionary platform that offers users the facility to buy Bitcoin using their credit cards. The feature is as easy and convenient as doing shopping online. There is no fuss in the buying process, and all you have to do is to open an account with Coinitix and then use your credit card to buy Bitcoin.

How to create an account? 

Fully recognizing that different buyers have a different level of competence when it comes to using technology, Coinitix has kept things extremely simple and convenient for all categories of prospective customers. To open an account, one needs to enter some basic information and accept the terms and conditions of its official website. This will create the account and make the person eligible to start with the buying process. 

Distinctive Features

  • Fast Verification

The verification process offered by the Coinitix is fast and secure. The primary focus of all mechanisms developed by the Coinitix is to make sure that verification gets completed swiftly without any unnecessary technical or administrative lag. This will help investors to get the verification done on a real-time basis and provides them an opportunity to stay ahead of the investment curve.

  • Swift Payouts 

Similar alacrity and swiftness can be witnessed in the process of cryptocurrency payouts by Coinitix. This is important as fast payouts hold a prominent place in the desirable characteristics sought by investors. The capability is beneficial in providing investors better chances to invest in the Bitcoin and other cryptocurrencies. 

  • Competitive Fee Structure 

Customers are usually worried about the high fee structure of different platforms as the commission charged by these mediums is relatively high. Fortunately, this is not the case with the Coinitix which offers the most competitive commissioning fees across the industry. You will be paying a very nominal amount as transaction charges, leading to higher savings and better profit. To further sweeten the deal, there is no hidden fee involved in the process at any stage of the transactional procedure. 

  • Responsive Customer Care 

It is common in the cryptocurrency domain that prospective buyers and investors have several queries regarding a range of technical aspects and other parameters. Keeping this in mind, Coinitix has developed a very considerate and responsive customer care mechanism, which is operational for 24 hours a day, 7 days a week. 

This round-the-clock facility is beneficial, especially for the buyers taking the plunge into the cryptocurrency industry for the first time. The company’s customer care executives have been carefully chosen and trained fully to handle concerns related to Bitcoin buying using credit cards. 

  • Regulatory Nature

Another major benefit of buying Bitcoin through Coinitix is that the currency exchange has been fully regulated and got a license from the Government of Estonia. This means that it complies with the statutory requirements, and as an investor, you get the surety that your funds to be in safe hands. Unlike many deregulated exchanges, the regulatory nature of Coinitix is reassuring. 

Conclusion 

Coinitix helps the Bitcoin adoption expand by making its buying process simple, safe, and effective. The exchange has come as a blessing for many investors longing for a seamless Bitcoin buying experience. Further, the highly competitive commissioning rate, responsive customer care, and regulated nature of the Coinitix make it a preferred platform for buying Bitcoin using your credit card.

Forex News

The week has kicked off on a high. Global stocks are on an upswing on the back of traders awaiting new economic data and announcements from the Federal Reserve economic symposium at the Jackson Hole summit this week. Traders have chosen to put the pessimism of the COVID-19 pandemic behind them and instead focus on the optimism of the development of a vaccine.

The Trump administration has added a silver lining to this trend. It has decided to bypass Federal regulatory constraints and fast track an experimental vaccine on the anvil at the Oxford University, UK. Traders are thus looking beyond the increasing COVID-19 cases in Europe and choosing to put their money on Forex.

The net result is that the dollar after major fluctuations last week has now steadied against the major currencies. Added to it is the positive sentiment of new data on business activity and home sales. But all is not hunky-dory as there are concerns that more easing of monetary policy to fuel economic growth may not be happening soon.

The Trump administration is not helping the cause of the money markets either as the simmering U.S-Sino ties continue to be on the front burner, making traders nervous and jittery. However, on Sunday, he has hinted at the possibility that the U.S economy will be delinked from China in major areas of global trade and technology.

However, the dollar has performed reasonably well and held its own against the major currencies. It is $1.3095 against the British pound, $1.1803 against the Euro, fetching 0.9121 Swiss francs, and transacting at 105.76 yen. In all cases, the dollar has either gained over Friday or held on to last week’s gains.

Junichi Ishikawa, a senior foreign-exchange strategist at IG Securities, feels that the dollar is stable in the short-term only. He said,

Junichi Ishikawa said

All eyes are now on the Jackson Hole Symposium beginning next Thursday, where Federal Reserve Chairman will delve further on the contours of the monetary policy of the future. The summit is sponsored by the Federal Reserve Bank of Kansas City and is held at Jackson Hole, Wyo. Every year, top financial analysts, central bankers, and finance ministers take part. This year because of the pandemic, it will be a video conference symposium. Much is at stake for the dollar on what transpires at Jackson Hole.

Forex News

Zimra (Zimbabwe Revenue Authority) is collecting a mere 25% in the form of forex tax even when there is a rise in forex deposits to the tune of 1.1 billion dollars. As per RBZ (Reserve Bank of Zimbabwe), about 50% of all local transactions are presently occurring in forex after the government gave the go-ahead to the utilization of free funds for local trading.

Forex Tax Malpractices

The poor tax performance related to forex clearly indicates tax non-compliance and the malpractices carried out by business players.

On June 17, the dual pricing system was announced by RBZ and from that time, forex taxation started drawing more attention. This dual pricing system meant that businesses were now allowed to accept foreign currency payments.

Ms. Faith Mazani, Zimra Commissioner, has mentioned that malpractices have been observed by the tax authorities related to forex tax. The reason is that transactions are not being recorded by many businesses where foreign currency is involved in the transaction. Ms. Mazani made this statement yesterday while speaking at a virtual press conference, jointly organized by tax authorities and RBZ on the topic of forex business income and its taxation.

Ms. Mazani added that when any transaction is being recorded, the tax-related declaration is not happening for either entire or partial foreign currency amount. She mentioned that when any foreign currency transaction occurs, it is entered in manual registers, but operators are getting foreign currency and issuing customers receipts for RTGS.

Ms. Mazani also revealed that foreign currency that someone tenders is not getting banked. Where foreign currency is involved, transactions are being recorded using parallel manual invoicing and also, the declaration is not happening for such invoices for tax purposes.

Violation of VAT and Finance Act’s Provisions

According to Ms. Mazani, it is a direct violation of the VAT and Finance Act when separate offline systems are kept for foreign currency-related transactions.

RBZ Governor, Dr. John Mangudya, who was part of the press conference, said that presently forex deposits have moved up to one billion dollars and foreign currency accounts hold around 405 million dollars. However, despite an increase in forex transactions, forex tax collection has not increased significantly. He added that they are working towards creating a mechanism that will help in enforcing compliance.

Forex News

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.

Company News

The mega-companies like PwC and EY are facing bad times. The companies have to deal with troubles with their London Capital and Finance office. They are right now face-to-face with the Financial Reporting Council or FRC interrogation. The reputation of these two audit firms is at stake. The London mini-bond specialist-auditing firm crumbled last year due to its high-risk products. FRC has put on this order on the London audit firm of both EY and PwC. PwC audit firm’s auditing reports from 30 April 2016 to 30 April 2017 is under scanning.

The investigation is on the way

According to the FRC update and today finance news, these two firms will go through the investigation. The enforcement division will make sure to follow all the ethical procedures to find out the truth and facts. Pieces of evidence claim that the London Capital & Finance is a mini-bond investment firm. They unethically sold mini-bonds of high risks. According to the administration, the firm had eleven thousand and six hundred savers who lost around two hundred and thirty-seven million pounds in January 2019.

FCA’s curiosity

The collapse was the reason behind attracting too many eyes within a short period. The FCA or Financial Conduct Authority noticed such a crash and became curious enough to investigate. This was back in December 2018. The firm, at that time, decided to retreat all the materials and products related to the promotions of the mini-bonds. This happened, especially after people started commenting regarding the marketing being absolutely misleading, unclear, and very unfair.

Answer to Treasury Committee

There were many queries put forward by the Treasury select committee. According to the committee, there are doubtful points of FCA’s dealing with the collapse. They charged the FCA of regulating the promotional materials. Although the committee was not able to charge FCA of regulating the mini-bonds, the question remains.

EY in Trouble

EY, on the other hand, is facing charges on collaborating with Thomas Cook. Thomas Cook is a travel operator on an international basis, which collapsed in 2019. EY was also involved with NMC and the hospital crashed last year too. NMC had a hidden debt of 2.7 billion dollars. There has been a connection of EY with Wirecard, a German company with a massive scandal on the financial term.

As of now, both EY and PwC are under scrutinization and both of them are answerable to the FRC.

Opinion & Analysis

It is easy to earn money through online casinos provided you by the tricks. There are different kinds of casino games and you can earn money by knowing the skills required in all of them. The different kinds of skill-based games are poker, blackjack, and roulette. However, apart from skill, luck is also important in games like roulette. You never know which number is going to come out in a game of roulette. 

There are large chances that in online gambling games, the casino has a better opportunity. So, no one can win a lot of money by playing such games. You can’t predict the outcome of a roulette table or a slot machine. So, the casino is going to win a large number of times and you can’t have a lifetime of making money through these games. So, a roulette wheel can’t allow you to win all the time, but you can minimize the loss by avoiding the wrong wagers. 

How to win some real money in a game of roulette?

Choose an authentic casino: It is important to understand that wherever you play the game of roulette, it should be a fair organization. It’s because then you are assured that the game of roulette is not rigged. That’s why the site should have the mark of the United Kingdom Gambling Commission. This is how you can assure that playing online is completely safe.

Don’t bet all your money: You should not put your entire money in a wager in a roulette game. It is also tough to gauge other players when you are playing an online roulette game. The best way you can warm up your way in the game is to actually play in the free variants of the game in the brick and mortar games.

Take some free spins: You get to know about all the factors after playing this game in the free version. In a real game, you can also check how swiftly the wheel moves. You can also get to know about the wheel biases, where the ball gets itself again and again. 

You get to know how your dealer is like, the payout, and the table structure with free spins. You also get some idea of the roulette wheel which helps you in predicting your wins. You just have to register with a casino to get free spins. You can get free spins without depositing any money in a casino in Las Vegas. Sometimes you have to pay some casino bonuses to enjoy free spins. So there are many platforms available which offer Bitcoin casino no deposit bonus

Play European roulette: Moreover, one should decide to play European roulette, since the chances of winning are high. There is always the feature of house edge means the casino has a better chance of winning the game, but since American roulette has 38 numbers on the wheel, your chances of winning are low.

In roulette, it is better to place your bets on chances of getting odd/even numbers or red and black numbers. Although the payout is low in these kinds of bets, they are the best way to make money in online roulette.

Moreover, Professional roulette players don’t bet the amount they win, but only bet the initial bankroll they have come with to the casino games. They use the winning amount as a backup. 

You should play on a table that has the least minimum bet and the highest maximum bet. One of the ways to take advantage of a game of roulette is the Martingale Strategy. Every time, you lose with a wager, you place the same wager next time by doubling the money. This strategy assures that you are able to cover all your losses by doubling the bet. You can click here to stay updated and get more information about it.

Slot machines 

To be better at slot machines in online gambling, you need to choose a slot machine app that helps you practice more. To choose a slot machine, you need to calculate the return to player percentage. This percentage is about the betted money that a machine gives back to all its bettors, as per CasinoNewsZ.  You can find information about such a machine using search engines. There are websites about online casino games news that have content written about the slot games and their RTP percentages. 

A bitcoin casino offers swift payments because they are made in bitcoins. Hence enjoy yourself in games and earn more too.