Binance is Back With a Bang In India, Website Unblocked.

Binance, one of the world’s leading cryptocurrency exchanges, has made a strong comeback in India, as its website URL has been unblocked. Indian users can now access the Binance website without any hassle and start trading on the most active and trusted crypto exchange.

In February, Binance received a compliance show cause notice from the Indian Financial Intelligence Unit (FIU IND) following Section 13 of the Prevention of Money Laundering Act, 2002 (PMLA). After that, several foreign cryptocurrency sites, including OKX, Kucoin, and Binance, have been deleted by Apple and Google from its App Store.

In May, Binance has secured full registration with India’s Financial Intelligence Unit (FIU) by paying a $2 million fine and revamping its South Asian operations.

The unblocking of Binance’s website is expected to reignite interest among Indian traders and investors, who had faced limited access to the platform. Binance’s return comes at a time when the Indian government and regulatory bodies are still navigating the complexities of cryptocurrency regulation. This development could signal a more favorable environment for crypto exchanges in India, although challenges remain.

This move could have a lasting impact on the Indian crypto landscape, potentially encouraging other platforms to re-evaluate their strategies in the country.

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The Illuvium ecosystem allows players to transfer their game progress and items from one game to another, including Illuvium: Arena and Illuvium: Zero. According to the announcement, this creates a more useful and beginner-friendly experience.

Illuvium: Overworld is the main title of the ecosystem, where players explore otherworldly locations and collect alien species called Illuvials.

Illuvium: Arena allows players to use their Illuvials, captured in the main game, in a real-time strategic environment. Illuvials can level up in the arena and become stronger through various synergies.

Illuvium: Zero is a game where users play as a drone to develop a plot of land and gather resources, including fuel, which is expected to become a key component of the Illuvium ecosystem.

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Who is a bagholder?

A bagholder is a person who holds onto cryptocurrency despite a significant drop in its value.

Bagholders often continue to hold their coins, hoping for a price recovery, even when other investors have already sold and realized their losses.

Reasons why people become bagholders:

🔵 Some bagholders believe in the long-term success of the project and its fundamental value.

🔵 After holding onto cryptocurrency for a long time, people may develop an emotional attachment to their investments.

🔵 Admitting losses can be psychologically difficult, and bagholders may prefer to hold onto their coins in the hope of growth.

🔵 Some bagholders may not have the time or desire to actively manage their investments.

Risks for bagholders:

🔵 Holding onto cryptocurrency whose price continues to fall can lead to significant financial losses.

🔵 While bagholders keep their coins, they might miss out on other investment opportunities.

🔵 Watching the constant decline in the value of their assets can cause stress and anxiety.

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What is a Cobra Throw in Simple Terms ?

A Cobra Throw is a strategy or tactic used in cryptocurrency trading. It involves quick and aggressive actions to seize a profitable position in the market.

How it works:

Traders make rapid purchases or sales of cryptocurrency to take advantage of sudden price changes.

A trading robot is often used to automatically open and close trades based on preset conditions and algorithms. For example, the "Cobra Throw" robot is designed for rapid account growth in the Forex and cryptocurrency markets through an aggressive strategy.

This strategy can be very profitable if market movements are correctly predicted, but it is also associated with high risks due to the volatility of the cryptocurrency market.

Pros and Cons of a Cobra Throw:

■Pros■

●Allows quick reaction to market changes.

●Using bots minimizes human error and factors.

■Cons■

●The strategy can lead to significant losses if the market is incorrectly predicted.

●Requires setting up and monitoring trading robots.

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Binance Delists PowerPool, $CVP . The news triggered an 8% drop in the altcoin’s price, pushing it into a short-term downtrend. PowerPool said that Binance did not provide an explanation for the delisting.

PowerPool responded to the delisting, calling the decision “completely unexpected.” The team claims Binance did not “provide any information on the specific reasons or triggers that led to the $CVP delisting.” PowerPool highlighted its efforts to expand its reach and user adoption.

The protocol said that it had provided detailed reports to the Binance post-listing team after the exchange wanted to know about PowerPool’s activities. However, the exchange did not provide any feedback on the same and announced the delisting of the $CVP token from its platform. The response further claimed:

“The team hasn’t sold any portion of the team token allocation yet (tokens were unlocked approximately a year ago).”

The protocol asked for the help of the digital asset sector to raise their voice against Binance, highlighting that the exchange was wrong to delist CVP despite the token being liquid and having substantial funding.

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Crypto Whale Buys $3.13M Worth of $PEPE

In addition to his $PEPE investments, the whale also acquired other cryptocurrencies, including Ether ($ETH )

Over the past week, the whale bought a whopping 420 billion PEPE tokens on two different occasions. They used around 3.13 million USDT to buy Pepe. The first purchase was conducted during the big crypto crash on Aug. 5. The second purchase of the meme coin was completed just a few hours ago.

The whale is not the only investor in the crypto industry looking to capitalize on market opportunities. Given the volatility of the crypto market, investors are often on the lookout for the right time to enter or exit positions to maximize gains.

Today, the whale acquired another tranche of PEPE, bringing his total investment in the token to approximately $3.2 million.

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Corrections vs. Bear Markets vs. Crashes

A correction is technically considered when markets fall (-10%) from its highs for at least 60-days.

When markets fall (-20%) or more for at least 60-days, then a bear market has arrived.

A crash happens when markets collapse abruptly and extremely in a small period of time. While there aren’t any specific definitions of what percentage drop constitutes a crash, one can assume a (-20%) or more drop intraday on the benchmarks would be considered a crash. There are trading circuit breakers/trading curbs in place to soften the blow where trading is halted for periods of time. These can also backfire as selling pressure builds during the halt and is displayed when the halt is lifted. 

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Do you hold any APTOS ? Get ready for the new Token Unlocks Season as $APT will unlock (2.40%) token which is worth $65.14m.

Allocations:

● Investors 13.5%
■ Core Contribution 19%
● Community 51%
■ Foundation 16.5%

The company said in August that Aptos is leveraging Microsoft's infrastructure to deploy new offerings that combine AI and blockchain technology, including a new chatbot called Aptos Assistant.

Aptos is a new, independent high-performance PoS Layer 1 project focused on delivering the safest and most scalable Layer 1 blockchain in the world. The Aptos blockchain leverages the Move p#rogramming language and the Move VM for application development, which are created and optimized for blockchain use cases.

The team is comprised of the original creators, researchers, designers, and builders of Diem, the blockchain that was first built to serve this purpose.

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The bills on the regulation of mining and turnover of cryptocurrencies, as well as on experimental settlements in cryptocurrency, were adopted by the State Duma of Russia.

The Russian legislation will formalize the concepts of «mining», «mining pool», and «organization of digital currency circulation», as well as define the rights and obligations of participants in the cryptocurrency mining market.

The law excludes a ban on organizing the circulation of cryptocurrencies, which could lead to the termination of operations of Russian crypto exchanges and exchangers.

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Donald Trump: The United States could easily allocate more energy to Bitcoin mining.

According to the U.S. Energy Information Administration, the electricity consumption of cryptocurrencies ranges from 0.6% to 2.3%.

The mining industry reacts to electricity prices in real time. During peak energy consumption periods, mining activity decreases.

Bitcoin mining is a network-wide competition to generate a cryptographic solution that matches specific criteria. When a correct solution is reached, a reward in the form of bitcoin and fees for the work done is given to the miner(s) who reached the solution first.

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Algorand’s Pera Wallet Partners with Mastercard for Seamless and Instant Crypto Transactions

💳 Mastercard integrates with Pera Wallet on Algorand, enabling seamless on-chain transactions via Immersve service.

Algorand’s instant finality tech reduces transaction costs and risks, enhancing the user experience for Pera Wallet users.

Algorand’s R&D team supports Mastercard-Pera Wallet integration, showcasing its capability in large-scale financial transactions.

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Moving Average Convergence/Divergence (MACD)

Moving Average Convergence/Divergence Indicator is also used sometimes to follow momentum.

MACD is calculated by subtracting 26-period exponential moving average from 12-period exponential moving average.

It’s also depicted with 9-period exponential moving average also called a signal line that serves as buy (in case MACD crosses 9-EMA from above) or sell (MACD crosses 9-EMA from below).

MACD sometimes is also displayed as a histogram the values of which depict the distance between MACD and the signal line.

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Should You Invest in Gold?

You should invest in gold if you’re looking to hedge against risk or diversify your portfolio. Gold is not your first choice to earn long-term appreciation.

Over the past five years, the price of gold has appreciated approximately 36% while the total return of the S&P 500 has been 60%.

Gold prices can be extremely volatile, and that means that gold isn’t an entirely stable investment. In fact, you can easily craft a well-diversified investment portfolio entirely without gold.

Studies have found that gold may be an effective inflation hedge, but only over extremely long periods of time, measured in decades or centuries.

Over shorter time periods, the inflation-adjusted price of gold fluctuates dramatically, making it a poor near-term hedge for inflation.

Many investors consider gold to be the ultimate safe-haven asset. When the prices of stocks, bonds and real estate drop sharply, gold may hold its value—and can even appreciate as nervous investors rush in to buy.

Owning gold is also a way to add diversification to your investment portfolio. When you hold a diversified mix of different assets, including gold, varying returns can protect the value of your investments.

YOU CAN TRADE $PAXG ON BINANCE. At the time of writing PAXG is trading at $2419

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Stochastic Oscillator

Stochastic indicator is of oscillator type and is different from the previous ones. It uses support and Resistance levels to predict price turning points instead of simply calculating recent price movements. In the core lies the idea that the price of cryptocurrency will approach extremes before turning around.

When the momentum picks up the price approaches one of the graph’s edges.

When the momentum slows down the price bounces back away from the boundaries.

Pay attention to the convergence/divergence of the meanings of Stochastic indicator and trend lines. Divergence is a signal to act.

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Relative Strength Index (RSI)

RSI is often considered as a momentum oscillator that measures the magnitude of an asset’s recent price movements.

Relative Strength Index is calculated based on Average Gains and Losses, than smoothed by a formula including previous and current gains and losses. As with momentum indicator, the closer to the edge, the larger is the magnitude of the cryptocurrency price moves.

If the price moves rapidly and momentum is strong, at some point an asset may be considered oversold or overbought and price reversal may be expected.
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A bubble is created originally from leverage.

Leverage helps you to make it faster & bigger in trending bull.

■ When macro reverses from Bull to Bear ?

It is when crowds are getting overleveraged.

■ When do bears finish their job ?

It is when all entities in system close their leverage positions or get liquidated. A new cycle starts after that event.

■ Leverage trading allows cryptocurrency traders to open larger positions using borrowed capital. It gives opportunities for enhanced profit potential but also increases downside risks. The main leverage methods available in crypto are margin trading, futures, and options contracts.

$NOT $TIA $RUNE

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Moving Averages

Moving averages track an asset's average price over a specific period, in this case, crypto-assets, over time. Timeframes may vary, but the significance of moving averages lies in their ability to highlight both long-term and short-term trends.

By examining snapshots of an asset's price across various timeframes, such as Bitcoin, traders can identify a "Golden cross," signifying that recent prices outperform older ones and suggesting an impending bullish trend.

Bitcoin's 2021 Golden Cross: In November 2021, Bitcoin formed a golden cross (see the green circle), that was followed by a significant rally that culminated in Bitcoin reaching its all-time high of over $68,000 shortly thereafter. This example demonstrates how moving averages can offer insight into a bullish market trend.

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Utility and Use Cases

A fundamental rule for crypto-assets is that an asset should offer a product beyond its role as a token in the market. Ideally, its token should have a use-case application within its specific product. Beyond listing a token on a digital assets exchange, crypto-asset teams ought to offer functional technological developments that underpin their native virtual currency.

Consider Ethereum, for example. Ether, the native token of the Ethereum ecosystem, is used for settling network fees for all smart contract transactions conducted on the platform. This encompasses decentralised applications (dApps), decentralised finance (DeFi) solutions, and NFTs.

When assessing an asset's likely trends, users should evaluate the use-case value it provides, rather than getting swept up in overvaluation driven by marketing hype.

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What Is Risk Averse?

Risk aversion is the tendency to avoid risk. The term risk-averse describes an investor who chooses the preservation of capital over the potential for a higher-than-average return. In investing, risk equals price volatility. A volatile investment can make you rich or devour your savings. A conservative investment will grow slowly and steadily over time.

Low risk means more stability. A low-risk investment guarantees a reasonable if unspectacular return, with a near-zero chance that any of the original investment will be lost. Generally, the return on a low-risk investment will match, or slightly exceed, the level of inflation over time. A high-risk investment may gain or lose a bundle of money.

Risk averse can be contrasted with risk seeking

Risk-averse investors tend to favor capital preservation over capital gains and seek out more conservative investments than more risk-seeking individuals. Such investments may include savings products, CDs, highly-rated bonds, and blue-chip stocks. Being risk averse reduces one's chance of experiencing losses, but also comes with opportunity costs, missing out on good opportunities and sacrificing greater expected returns earned elsewhere.

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Lack of Confidence

Many individuals lack confidence in their own abilities or believe they are not capable of achieving their goals (or even worthy to do so).

This lack of self-assurance can make it challenging to take the first step towards self-investment.

A lack of self-confidence can make it difficult for people to believe in their ability to succeed after making a substantial investment in themselves.

This lack of confidence can lead to self-doubt and hesitation causing them to freeze rather than take the plunge.

Paradoxically, we suffer fear, doubt and anxiety on the way to becoming successful. Taking action in itself often sparks confidence.

$PEPE $FLOKI $TAO

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