MICROVEX

  Digital Currency Research  

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This new AI data platform levels the playing field for crypto investors

According to this crypto YouTuber, Cointelegraph's data intelligence platform is close to a "cheat code" for crypto markets. When I first heard about Cointelegraph Markets Pro, a new AI data platform designed to level the playing field for crypto investors, I admittedly was a bit skeptical. As a crypto YouTuber I get pitched A LOT of tools, signals, and indicators. But over the years I’ve seen many of these tools fail to satisfy for a number of reasons; they’re too complex, they miss information in the market, or they’re not timely enough to make real money.

And for me the name of the game is growing my portfolio as fast as possible with the least amount of effort and risk. Period.

So when I got the chance to sit down with the creators of Markets Pro, let’s just say I had a few questions. And let’s also just say, I was blown out of the water. After a few weeks worth of trading with the dashboard I can confidently say that Cointelegraph Markets Pro is as close as you can get to a “cheat code” for the crypto markets. Let me explain…

The Rundown

What I like most about this dashboard is that the guys at Cointelegraph kept it simple, just 3 tools to guide your trading.

First, the altseason indicator provides a measure of whether current market conditions seem more similar to past times when either Bitcoin or altcoins outperformed in the market. Use this indicator to gauge when it’s a better time to invest in Bitcoin or if those frothy alts might pop ;)

Second, the VORTECS scoreboard compares sentiment, Twitter activity, trading volume and price movement to find you crypto gems which will likely make bullish movements in the next 24 hours. I love this indicator simply because it saves me time. Instead of spending hours sifting through endless charts I can take a look at the VORTECS scoreboard and quickly find the best trading candidates for the day.

Third, and likely my favorite part of Markets Pro, NEWSQUAKES. This is where the magic really happens and you get to front-run the entire market... NewsQuakes are your personal all access pass to the same network of data crawlers, aggregators, and AI interpreters used by Cointelegraph’s own writers to find breaking headlines, notable exchange listings, partnerships, and other market moving information… like Elon Musk tweets. These headlines come to you minutes, and more often, hours before the rest of the market, giving you plenty of time to get into favorable positions before everyone else.

The Lowdown

This technology is no joke.

It’s currently being used by the top crypto hedge funds to capture consistent profits over and over and over. Cointelegraph has used this same technology for years to help their journalists find breaking news in cryptocurrency. But never before could a retail trader get ahold of information this powerful.

Every second of every day, these AI algorithms work to process more data than a human could comprehend in a lifetime, and turn it into actionable insights that you can use to consistently front run the market and capture nearly endless profits. Conclusion

When it comes to trading tools, here's what matters to me… will it make me more money than it costs?

At $99 per month, Markets Pro is arguably insanely cheap considering the potential for ridiculous profits.

Consider this… The average Coinbase listing generates a price pump of over 58%. Also, on average, NewsQuakes catch and report Coinbase listings 15 minutes to an hour before anyone else.

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Decentralized exchanges and aggregators drive DeFi growth

In the DEX segment, aggregation services are likely to continue gaining a bigger piece of the pie at the expense of decentralized exchanges. As the decentralized finance segment continues to gain steam despite an overall slump in the crypto space, decentralized exchanges (DEXs) and aggregation services have recently shown sustainable growth. Meanwhile, within the DEX segment, aggregation services have made remarkable progress.

DeFi still running strong

When Bitcoin’s (BTC) exchange rate dropped dramatically in May, some observers feared it could deal a major blow to the entire crypto sector. However, that didn’t happen. A few months later, the industry is still chugging along, and its, arguably, most promising area — decentralized finance — continues to grow.

Within DeFi, decentralized exchanges have recently been the main growth driver, pushing aside centralized exchanges (CEXs). Between January and May, the total trading volume generated by decentralized exchanges tripled from approximately $100 billion to $300 billion, before dipping to about $200 billion in June, according to CoinGecko. Meanwhile, during the same period, the CEX segment saw much more modest growth from $1.2 trillion to $1.3 trillion.

The DEX segment has also reported an uptake in user numbers. Currently, Uniswap is the segment’s leader with about 2.5 million unique users (addresses), followed by 1inch, which has 600,000 users, and Compound with about 360,000 users.

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People Are Scouring Ethereum for Lost NFT Projects

EtherRocks, Curio Cards, Pixel Maps: some of Ethereum’s oldest NFT projects are experiencing a resurgence as NFT summer continues. Key Takeaways ---The crypto space is experiencing an NFT boom that's been dubbed "NFT summer." ---After avatars and generative art pieces, many of Ethereum's oldest NFT projects have seen a resurgence. ---Notable early projects that have soared in value include EtherRocks and Curio Cards. TheEtoro Trending News Dogecoin Looks Poised to Break Out Markets Aug. 24, 2021 Ethereum Looks Ready for a Supply Shock Markets Aug. 24, 2021 XRP Is on the Verge of a 30% Price Move Markets Aug. 23, 2021 ENTER Art Fair 2021 and SpaceSeven Unveil The Nordic’s First NFT Marketpl... Press Release Aug. 25, 2021 Whistleblower Chelsea Manning to Conduct a Security Audit of Nym Privacy Sy... Press Release Aug. 25, 2021 SIMETRI Research Key Takeaways The crypto space is experiencing an NFT boom that's been dubbed "NFT summer." After avatars and generative art pieces, many of Ethereum's oldest NFT projects have seen a resurgence. Notable early projects that have soared in value include EtherRocks and Curio Cards. SHARE THIS ARTICLE Early Ethereum projects are exploding amid wild speculation in the NFT market. NFT Fans Scoop Up Archive NFTs NFT collectors are turning their attention to some of the oldest projects on Ethereum. While the recent boom in the NFT space—dubbed by some as “NFT summer”—took off with the emergence of a wide variety of avatar and generative art projects, Ethereum natives have been hunting down older digital collectibles. Arguably the most sought-after NFT avatar collection is CryptoPunks. The 10,000 pixel art characters in the collection were given away for free in May 2017, which makes them one of Ethereum’s first NFT projects. CryptoPunks have become extremely sought after this year owing to their cultural and historical significance. On Monday, Visa added to the fervor by announcing that it had bought a Punk for $150,000, leading to a frenzy of purchases on the secondary market. The floor price for one of the digital characters is now $242,000. While few projects hold the same prestige as CryptoPunks, many that emerged around the same time have started to see an uptick as the NFT space booms. EtherRocks, a set of 100 digital “pet rocks” that were released in December 2017, were trading for over $100,000 earlier this month and their value has skyrocketed since then. This week, one rock sold for $1.3 million (Two new projects inspired by EtherRocks, EtherPaper and EtherScissors, have emerged in the last few days—the cheapest pieces are going for upwards of $20,000).

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This is why BNB has so much potential in the long term

Just like most of the above coins, BNB can take advantage of the price increase that has taken place since July 20. With a substantial market cap of $61.5 Billion, it comes in at number 5 on the post score entry rankings. And yet, over the past few weeks, there has been much talk around different coins. Special, SOL managed to break the highs every now and then. ADA also spiked 100% for the incomplete month. While it looks like BNB doesn't stand out like other coins, several factors could support the price in the long term. BNB and Binance Smart Chain It is easy to see the interest in the growing DeFi sector in the market, and most smart contract platforms take advantage of the situation. Among networks like Ethereum, Polygon, and Binance Smart Chain (BSC), BSC was the most used blockchain in July 2021. The main reason is increased traffic and activity from DeFi, but the functionality of BNB could make a difference in the long run. While BSC mainly relies on NET and DeFi applications, the school's array of games has performed fast to date.

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Riot Blockchain Reported 2nd Quarter Revenue From Bitcoin Mining Up 1,540% Publicly listed Bitcoin mining company on the US stock exchange Riot Blockchain has reported record revenue for the second quarter of 2021. In its quarterly financial report published August 23, Riot reported $31.5 million in Bitcoin mining revenue for the quarter — an increase of about 1,540 percent from $1.9 million in revenue in Q2 of the year. 2020. Soaring mining revenue delivered a record quarterly net income of $19.3 million. Prior to that, the company had a net loss of $10.6 million in Q2 2020. According to the Q2 financial report closed on June 30, Riot is holding $195.4 million worth of cash and BTC. As of July 31, the company's unaudited BTC balance stands at 2,687 BTC, around $132.6 million. The company also reported a 38% increase in total BTC mined QoQ, with Riot mining 675 BTC compared to 491 BTC in Q1. CEO Jason Les attributes the company's impressive results to the acquisition of the Whinstone U.S. mining farm. in early April for $650 million. In Q2, Riot began a 400 megawatt expansion at Whinstone with four buildings totaling approximately 220,000 square feet currently under construction. In April, the company purchased an additional 42,000 Antminers from Bitmain in the same month. Responding to the positive news, shares of Riot jumped 7.6% Monday to $36.93 from last Friday's close of $34.32.

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Ether Is More Popular Than Bit in Singapore, New Market Research Being a crypto-friendly country has been answered about adoption, as a newbie researching Singapore has been revealed.

“The State of Singapore Cryptocurrency Report 2021,” conducted by crypto exchange Gemini in partnership with CoinMarketCap and Seedly, publishes that more than two-thirds of Singaporeans invest financially. hold cryptocurrencies. The report took 4,348 of the top sample in Singapore who self-identified as having or are interested in personal finance and production consultants, showing that 67% of respondents currently own crypto assets. Although a fifth of crypto holders are women, this study describes the average crypto holder in Singapore as a “29-year-old male with a median annual household income of approximately S$51,968. ($38,456) a year”. Regarding the distribution of crypto assets held by Singaporean investors, Ether (ETH), the cryptocurrency of the Ethereum blockchain, tied first with 78% being the most popular cryptocurrency, while 69 % of crypto holders own Bitcoin (BTC). Cardano (ADA) and Binance Coin (BNB) followed the two openers with 40% and 31% respectively. One of four advisors holding XRP Vas Tether (USDT). The report revealed that people's interest in cryptocurrencies increased in part due to the COVID-19 pandemic, because 67% of crypto owners were advised more during the pandemic to prevent Transmitter or start to increase their income using as a locked account. Face differences, lack of knowledge and understanding are the top factors that deter non-crypto holders from entering the asset class. The volatility of the crypto market, the risky nature of cryptocurrencies, and the lack of regulatory oversight are also noted as deterrents to investment work. Another study with a smaller sampling group recently revealed that 46% of Singaporeans plan to buy digital assets in the next 12 months. With the tax on capital gains imported from cryptocurrencies, Singapore has established itself as a hub for crypto and blockchain in the Asia Pacific region.

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KPMG: Investment of accounts in crypto and blockchain has doubled compared to 2020

According to the latest report from the audit group KPMG, investments in cryptocurrencies and blockchain have doubled compared to 2020. Accordingly, this shows that investors have a better understanding of more than just financial assets. crypto assets but also the operational aspect as well as the legal issues surrounding it. Recently, KPMG - an auditing group of the "Big Four" group - conducted a survey on investment in the fintech sector. Among them, investments in cryptocurrencies and blockchain have doubled year-on-year in 2020.

Titled “Pulse of Fintech H1 2021”, the study covers global investment activities across industries along the fintech segment during the first half of 2020. The report details 2,456 worth of investment transactions. up to $98 billion made between January and June. According to the report, one of the top fintech trends for 2021 is the growth and explosion into the cryptocurrency and blockchain markets. More specifically, some impressive numbers are as follows:

548 investments were made in the first six months of this year, including venture capital, private equity, and mergers and acquisitions in the blockchain and cryptocurrency sectors. Of which, $8.7 billion is the total value of investments in the first half of this year.

According to this data, the total investment value has doubled from the total of $4.3 billion of 580 deals done in 2020. Some companies have raised more than $100 million in funding rounds. support, including BlcokFi, Paxos, Blockchain.com, and Bitso. These are also the names that have led in terms of investment volume growth.