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TRADE Price   

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TRADE Price:
All Time High:
Market Cap:
$372.2 K

Circulating Supply:
Total Supply:
Max Supply:


The price of #TRADE today is $0.010 USD.

The lowest TRADE price for this period was $0, the highest was $0.010, and the exact current price of one TRADE crypto coin is $0.01040.

The all-time high TRADE coin price was $2.83.

Use our custom price calculator to see the hypothetical price of TRADE with market cap of SOL or other crypto coins.


The code for Unitrade crypto currency is #TRADE.

Unitrade is 3.7 years old.


The current market capitalization for Unitrade is $372,190.

Unitrade is ranked #1675 out of all coins, by market cap (and other factors).


There is a very weak volume of trading today on #TRADE.

Today's 24-hour trading volume across all exchanges for Unitrade is $6.00.


The circulating supply of TRADE is 35,782,805 coins, which is 72% of the total coin supply.


TRADE is a token on the Ethereum blockchain, and has digital contracts with 1 other blockchain.

See list of the TRADE Blockchain contracts with 2 different blockchains.


TRADE is available on at least one crypto currency exchange.

View #TRADE trading pairs and crypto exchanges that currently support #TRADE purchase.


Note that there are multiple coins that share the code #TRADE, and you can view them on our TRADE disambiguation page.



SBF's Prison Currency: Rice Bags for Trade, Says First Interview

    Disgraced FTX founder Sam Bankman-Fried revealed that he hasn't experienced abuse and doesn't 'feel unsafe.' The only time he feels bothered is during the night when they ask about the rice bags they plan to use for trade. This was his first comprehensive interview since being imprisoned. SBF's Prison Survival: Beans, Rice, and a Currency System The disgraced founder of FTX and co-founder of Alameda Research, who was found guilty of wire fraud, money laundering, and conspiracy in November, now has a new form of currency for trading while in prison at the Metropolitan Detention Center in Brooklyn. While speaking to Puck News' William D Cohan in an interview arranged by SBF's mother - Barbara Fried - the former CEO of the cryptocurrency exchange informed Puck magazine that he survives on beans and bags of rice bought from the commissary and that his rice has become a form of currency within the MDC. Cohan was not allowed access to a pen, pad, recorder, phone, or watch during the interview, so his observations were noted down afterward. According to Cohan's estimate, SBF has lost around 25 pounds and appears to be in better shape. This could be due in part to his claim that the vegan food he receives is so bad that he can't eat it, and his fellow inmates have described it as smelling awful. Intention to Appeal The convicted felon also discussed his situation in federal prison and maintained his innocence stance. He even disclosed his intention to appeal the conviction. Bankman-F... read More

Here's How This Ethereum Whale Made $16 Million From A Single Trade

    An Ethereum whale was recently revealed to have made $16 million from a single trade involving the second-largest crypto token by market cap. This whale’s story again highlights how conviction in an investment can be very rewarding in the crypto space.  How This Ethereum Whale Made $16 Million In A Single Trade On-chain analytics platform Lookonchain revealed in an X (formerly Twitter) post that the whale withdrew 12,906 ETH ($24.39 million) from Binance when the crypto token was still trading at $1,890 a year ago. With Ethereum currently trading at around $3,100, the whale’s ETH investment is now worth over $40 million, signifying a profit of about $16 million.  Interestingly, his profits from this trade will likely be more than $16 million, as the trader deposited those tokens in the staking platform Lido when he withdrew them from Binance last year. That means he also earned significant staking rewards to go alongside his $16 million profit.  On-chain data shows the whale recently withdrew 7,000 ETH ($21 million) from Lido back to Binance but has yet to offload these tokens. However, that is something to keep an eye on as the whale offloading those tokens could have a negative impact on Ethereum’s price.  Tron’s founder, Justin Sun, looks to be another Ethereum whale that could make such significant returns on their ETH investment. Two wallets believed to belong to Sun are reported to have accumulated 295,757 ETH ($891M) at an a... read More

MANTRA Launches Incubator in Dubai World Trade Center

    [PRESS RELEASE - Dubai, UAE, April 16th, 2024] MANTRA is announcing the launch of its new incubation program at the Dubai World Trade Center (DWTC), following an $11 million funding round led by Shorooq Partners. This program is part of MANTRA's effort to contribute to the Real World Asset (RWA) tokenization sector, with a focus on the MENA region. Established in partnership with the leading corporate service provider in the United Arab Emirates, Virtuzone, the MANTRA Incubator program is designed to nurture and develop emerging projects within the MANTRA ecosystem and in the RWA sphere. MANTRA will provide the startups with financial support for development, infrastructure costs, licensing, banking, and administrative services. Selected through a meticulous process, five distinguished projects will be given the opportunity to join the incubator program, receiving comprehensive support to ensure their successful integration into the MANTRA Chain ecosystem. Each chosen project will benefit from a seed investment of $100,000. The funds will be allocated from the personal funds of MANTRA’s founder and CEO, John Patrick Mullin, showcasing his deep involvement and eagerness to make the program a success. Alongside the grants, the program includes the dedicated assistance of an experienced project manager to oversee progress and provide expert guidance, as well as the opportunity to establish valuable connections, and gain access to a network of investors, setting a solid fou... read More

Australian and New Zealand Citizens & Residents Can Now Trade Blocksquar...

    [PRESS RELEASE - Ljubljana, Slovenia, April 12th, 2024] We are thrilled to announce a groundbreaking opportunity for Australian and New Zealand citizens and residents to seamlessly engage in trading Blocksquare Token (BST) through Stormrake Cryptocurrency Brokers. This partnership opens doors to a convenient and secure service for individuals keen on exploring the world of digital assets. Blocksquare Token (BST) represents an innovative digital asset in the real estate sector, offering exciting prospects for investors seeking to diversify their portfolios. With Stormrake Cryptocurrency Brokers, the process of trading BST becomes not only accessible but also efficient and reliable. One of the key features of Stormrake's service is its reliable banking rails and seamless deposit options, ensuring that clients can fund their accounts quickly and securely. Whether utilising traditional banking methods or embracing the latest in cryptocurrency payments, Stormrake provides a hassle-free experience for traders. Moreover, clients have the flexibility to trade with Stormrake by simply sending their trade desk an email or calling their dedicated crypto broker to place their order. This personalised approach to trading ensures that individuals receive the support and guidance they need to make informed decisions in the dynamic crypto market. Through Stormrake's user-friendly service, individuals can easily create an account, gaining instant access to a world of digital assets, including... read More

Washington Court Convicts Bitcoin Fog Founder of Aiding Darknet Drug Tra...

    In a recent development, the founder of “Bitcoin Fog,” a cryptocurrency-mixing service, was found guilty by a federal jury in Washington of helping to launder tens of millions of dollars from darknet markets notorious for illegal drug sales. Multi-Million Dollar Crypto Money Laundering Case According to a Bloomberg report, Roman Sterlingov, a 35-year-old Russian-Swiss national, was convicted by a jury on multiple counts, including conspiring to money launder, money laundering, and failing to register a money transmitting service. The prosecution argued that Bitcoin Fog facilitated over $400 million in untraceable transactions, with some funds originating from illicit markets. The verdict not only marks another victory for the United States in its crackdown on crypto criminals but also sheds light on the role of Chainalysis, a Wall Street-backed firm utilized by the Justice Department and Treasury Department to trace cryptocurrency flows in money laundering cases. The defense raised concerns about the reliability of Chainalysis during the trial, questioning its methods and credibility. During the month-long trial, prosecutors presented evidence showing how they tracked the flow of crypto from darknet markets through Bitcoin Fog, which they claimed Sterlingov operated. The government also relied on testimony from other crypto criminals, including Ilya Lichtenstein and Larry Harmon, who testified about using mixers for money laundering purposes. Bitcoin Fog Founder ... read More

How To Buy, Sell, And Trade Tokens on The Polygon Network

    Polygon (formerly Matic Network) is a game-changing Layer 2 scaling solution that addresses Ethereum's scalability challenges. It empowers developers to create and deploy scalable, interoperable decentralized applications (dApps) by utilizing sidechains, plasma chains, and innovative scaling techniques.  If you’re unfamiliar, sidechains are unique blockchains that are bound to the main Ethereum blockchain and are effective in supporting many Decentralized Finance (DeFi) protocols available on the Ethereum network. This enables rapid transaction speed and cost-effectiveness while maintaining the security and decentralization of the Ethereum network. As a Layer 2 solution, Polygon operates in parallel to the Ethereum blockchain. Rather than individually validating each transaction, batches of transactions are sent to the Ethereum blockchain, significantly accelerating the validation process and reducing fees. Polygon implements a proof-of-stake consensus mechanism wherein users can stake tokens for a predetermined duration to validate transactions. In return for their staking activities, participants are rewarded with MATIC tokens. To ensure robust security, Polygon implements the advanced technique of 'commit-chain' or 'checkpointing.' It securely anchors the state of Polygon chains onto the Ethereum mainnet at regular intervals, enhancing data integrity and leveraging Ethereum's inherent security. By capitalizing on Ethereum's proven security measures, Polygon pro... read More

How To Buy, Sell, and Trade Tokens On The Arbitrum Network

    The Arbitrum (ARB) network is a Layer 2 scaling solution for Ethereum that aims to address the scalability and high transaction fees. It is developed by Offchain Labs and utilizes a technology called Optimistic Rollups to achieve its objectives. Optimistic Rollups work by processing most transactions off-chain and then periodically submitting a summary of those transactions to the Ethereum mainnet. This approach reduces the transaction costs significantly and increases the throughput of the network while maintaining the security guarantees of the Ethereum mainnet.   In other words, the optimistic rollup feature allows Ethereum smart contracts to scale by passing messages between smart contracts on the Ethereum main chain and those on the Arbitrum second layer chain. Much of the transaction processing is completed on the second layer, and the results of this are recorded on the main chain — drastically improving speed and efficiency.  One of the key features of the Arbitrum network is its compatibility with existing Ethereum smart contracts. Developers can deploy their contracts on the Arbitrum network with minimal modifications, allowing for easy migration of decentralized applications (dApps) from Ethereum to Arbitrum. Also, the arrival of the Ethereum network introduced a groundbreaking transformation in the realm of blockchain technology, providing a platform for the creation of decentralized applications (dApps) and propelling the growth of decentral... read More

GBTC's Mixed Fortune: 54% Market Share in ETF Trade Volume Accompanied b...

    Over a span of six days in the U.S. market, nine newly launched spot bitcoin exchange-traded funds (ETFs), along with the recently revamped GBTC, collectively saw a trading volume of $16.53 billion. GBTC, commanding the majority of this trade volume, experienced a substantial reduction in its bitcoin holdings. In just the past 24 hours, the trust shed over 14,300 bitcoin, decreasing its total holdings to 566,973 bitcoin. $2 Billion in Bitcoin Depart Grayscale's GBTC Since Jan. 12 GBTC, now recognized as a spot bitcoin ETF, maintains a considerable reserve of bitcoin (BTC). Since transitioning into a publicly traded ETF, the trust has experienced notable outflows. On Thursday, GBTC's holdings decreased by 10,823.86 BTC, and following the trading sessions on Friday, the fund saw a further reduction of 14,300.52 BTC. Cumulatively, since Jan. 12, 2024, the trust has seen an outflow of 50,106.59 BTC, valued at slightly above $2 billion, from its reserves. WHEN WILL THE BLEEDING STOP? I don't know, but this this is some serious daily outflows for The Nine to have to battle every single day.. they've done a great job so far but damn its a lot to ask.. - Eric Balchunas (@EricBalchunas) January 19, 2024 Several factors contribute to the intense selling of GBTC. Initially, GBTC shareholders might have felt constrained when the shares, initially trading at a premium to their net asset value (NAV), abruptly transitioned to a discount. This discount began in Fe... read More

How To Buy And Trade Tokens On The SEI Network

    In the dynamic trading world where time is of the essence and you are looking for a combo of speed and low fees, the SEI Network is the fastest decentralized Cosmos-based L1 blockchain that is trading-based with the availability of decentralized exchanges (DExs).  The SEI Network has been optimized to handle large volumes of transactions quickly and efficiently while keeping costs low. This makes it an attractive option for businesses and individuals looking to exchange value in a fast, efficient, and cost-effective manner. The network has an in-built order book that allows smart contracts to easily access shared liquidity. This shared liquidity feature makes it possible for smart contracts to interact with each other and exchange value without third-party interference.  The way SEI is structured makes it possible for decentralized exchanges and trading applications in areas such as DeFi, NFTs, and gaming to provide the best possible user experience. In this easy-to-follow guide, we will explore the main features of the super-fast SEI Network, how to set up a trading account, and the different ways to obtain and trade the SEI token. By the end of this guide, you will have a good understanding of how the SEI Network works, its advantages, and how to get started. Features of SEI Network Speed:  The most unique feature of the SEI network is its speed. It is currently the fastest chain to finality, boasting an impressive lower bound of 300 milliseconds. With unpar... read More

It's Official: SEC Approves Bitcoin Spot ETFs For Trade In The United St...

    After years of rejections, the U.S. Securities and Exchange Commission (SEC) has approved the first wave of Bitcoin spot ETFs for trade in the United States on an accelerated basis. Per a filing to the SEC’s website on Wednesday, all 11 Bitcoin ETF applicants have been approved for trade across national securities exchanges like the NYSE, Nasdaq, and CBOE. That includes funds provided by Grayscale, Bitwise, Hashdex, BlackRock, Valkyrie, Ark Invest/21Shares, Invesco/Galaxy, VanEck, WisdomTree, Fidelity, and Franklin Templeton. “Each proposal seeks to list and trade shares of a Trust that would hold spot bitcoin,16 in whole or inPart,” wrote the SEC. “This order approves the Proposals on an accelerated basis.” The announcement confirms prior notices from the CBOE indicating that multiple spot Bitcoin ETFs would begin trading at 9:30 am ET on Thursday, including funds from Ark, Fidelity, and Invesco. The SEC has rejected spot ETFs for years over fears that the underlying Bitcoin spot market wasn’t sufficiently regulated, and was thus unsuited for public markets. However, a court loss to Grayscale in August forced to agency to make a “fresh evaluation” of ETF applications. “The Commission finds that the Proposals are consistent with the Exchange Act and rules and regulations thereunder applicable to a national securities exchange,” the agency wrote in its approval order, adding that their rules are sufficient to &ldq... read More

Spot Bitcoin ETFs Could Trade 8% Above Fair Value: Renowned Expert

    In a recent interview with Bloomberg, Reggie Browne, Co-Global Head of ETF Trading and Sales at GTS, shared insightful predictions regarding the potential trading dynamics of spot Bitcoin exchange-traded funds (ETFs). Browne foresees these ETFs trading at a significant premium, estimating as high as 8% above their net asset value (NAV). Why Spot Bitcoin ETFs Could Trade At A 8% Premium To NAV 'I think the spreads will be very competitive and tight. The market maker community is resilient and prepared to offer a lot of liquidity,' Browne stated. However, he highlighted a critical concern, saying, 'I think it's going to be the premium to NAV... US broker dealers can't trade Bitcoin cash inside their broker dealers. So you’re going to have to trade hedges over futures and trade it on a premium, and then take that off, and I think there is a lot of complexity there.' This complexity, according to Browne, arises from the cash creation model forced by the SEC and regulatory constraints that limit direct Bitcoin trading within US broker dealers, compelling them to rely on futures for hedging. He expressed, 'What I think, potentially, you could see 8% of premium above fair value. It's a big number, but let's see how it plays out.' Additionally, Browne touched upon the subject of in-kind creations and redemptions, aspects that were points of contention during negotiations with the Securities and Exchange Commission (SEC). Despite the challenges, he remains optimistic about thei... read More

How To Bridge And Trade On The Injective (INJ) Network

    Injective is a blockchain designed specifically for finance. It is an interoperable and environmentally-friendly layer 1 blockchain that supports advanced DeFi applications, including crypto trading dApps, like spot and derivative exchanges, and lending protocols. That being said, in the fast-paced world of cryptocurrency, the Injective Network has emerged as a trailblazing force, revolutionizing the landscape with its innovative approach to scalability and seamless trading experiences. In my opinion, I will say that Injective is trying to follow the Solana path in terms of progressive growth in the ecosystem and price value.  In this in-depth guide, we'll navigate through the essential features of the Injective (INJ) Network, unravel the intricacies of initiating your trading journey, and explore various methods to acquire and trade the coveted Injective Coin (INJ). Solving Scalability: The Essence of Injective (INJ) Network The scalability challenge has long been a hurdle for widespread crypto adoption, and Injective Network steps up to the task as a groundbreaking solution. Scalability is the reason some people don’t trade certain coins. For instance, I avoid making certain Ethereum transactions because of the high gas fees. If I want to make any monetary transaction, I prefer to use a more scalable coin like injective (INJ). Scalability isn't just about transaction costs but also about the speed of transactions. Injective Network boasts a remarkable transactio... read More

South Korea's Crypto Surge — Navigating the 'Kimchi Premium' and M...

    Recent data reveals that South Korea's crypto trading volume has surged in recent months, with two exchanges, Upbit and Bithumb, contributing over 10% to the global trading volume as of Jan. 4, 2024. Additionally, while the global price for bitcoin hovers around $43,356 per unit, in South Korea, it commands a premium, trading at approximately $44,317 per coin.Tracing the Strong Won-to-Crypto Volumes and Premiums in South Korea As of 8:00 a.m. Eastern Time on Jan. 4, 2024, the global crypto economy has seen a trade volume of approximately $95.98 billion, with bitcoin (BTC) maintaining a position above the $43K mark. A significant portion of this trading activity is rooted in South Korea; at this moment, Upbit has conducted $6 billion and Bithumb $3.7 billion in 24-hour trades. Together, these two exchanges represent 10.1% of the global crypto trade volume on Thursday. Likewise, South Korean exchanges Coinone and Korbit are experiencing increased crypto trade volumes. Currently, South Korean platforms are trading bitcoin (BTC) at a premium; at the time of this writing, Upbit's BTC is valued at $960 above the global average. With BTC priced globally at $43,356 per unit, it is trading at $44,317 per coin on Upbit, and similar premium rates are observed on Bithumb, Coinone, and Korbit. Additionally, premiums are noted on SOL, ETH, and various other leading crypto assets. South Korea is historically known for its cryptocurrency premiums, commonly termed the 'Kimchi Premium.' This p... read More

Solana's Dex Platforms Eclipse Ethereum in Weekly Trade Volumes

    Recent statistics reveal that in the last week, decentralized exchange (dex) platforms built on Solana have surpassed Ethereum in market performance. Data indicates that Solana-based dex platforms achieved a volume of $1.447 billion in the past day, overshadowing the $1.282 billion recorded by Ethereum trading platforms. Solana Surges Past Ethereum in Dex Volume Solana's recent price surge, coupled with a multitude of airdrops, has propelled the layer one (L1) blockchain's dex volumes to new heights. Conversely, trade volume for solana (SOL) on centralized exchanges lags behind that of Ethereum. Data from confirms that both the 24-hour and weekly dex volumes for Solana have exceeded those of Ethereum. Recent data shows Solana platforms' daily dex volumes have surged to $1.447 billion, marking a 12.87% increase over Ethereum dex applications' $1.282 billion. Over the past seven days, Solana's decentralized exchanges have amassed $10.786 billion, overtaking Ethereum's $9.604 billion in weekly dex volumes. Notable contributors to these volumes are dex platforms like Raydium, Orca, Lifinity, Phoenix, Openbook, and Mango Markets, along with significant activity on Drift, Crema, and Saber. A considerable portion of SOL-based dex protocol trading volume was recorded on Dec. 21, 2023, largely fueled by recent Solana airdrops and SOL's substantial 40% increase over the previous week. Over the past year, SOL has demonstrated massive growth, escalating 895% against the U.... read More

Crypto Alarm: XRP's Trade Volume Hits Six-Year Low, A Cause For Concern?

    A significant dip in XRP daily trading volume has caught the attention of investors and analysts alike. On Thursday, XRP’s trading volume plummeted to levels not seen in the past six years, a development that has raised eyebrows among crypto enthusiasts. On this day, December 21st, #XRP : — WrathofKahneman (@WKahneman) December 22, 2023 Just XRP Or Industry-Wide Slump In Trade Volumes? Reputed lawyer and XRP advocate, Bill Morgan, took to X (formerly Twitter) to shed light on this concerning trend highlighted by WrathKahneman. According to WrathKahneman, the trading volume of XRP on December 21 stood at approximately 1.9 billion, a stark contrast to the $2.4 billion witnessed in 2022 and drastically lower than $19.3 billion recorded in 2020. What is most interesting or concerning about those figures is the daily XRP volume is lower on this day for this year and not this day in any of the previous 6 years. — bill morgan (@Belisarius2020) December 22, 2023 This decline has sparked a debate over the implications for the token's market dynamics and investor sentiment. While the decline in XRP's trade volume has become a focal point for discussions, it is important to note that this trend isn't isolated to XRP alone. Mr. Huber, a recognized figure in the crypto world, pointed out that leading cryptocurrencies such as Bitcoin and Ethereum are also experiencing similar plunge in trade volumes. This broader marke... read More

Solana Threatens To Unseat Ethereum In Trade Volume With $1 Billion In S...

    Solana, the blockchain platform launched in 2020, has achieved a significant milestone, trailing Ethereum in 24-hour decentralized exchange (DEX) volume. This historic accomplishment has garnered widespread attention from crypto leaders and enthusiasts alike, signaling a notable shift in the dynamics of decentralized finance (DeFi). As the news reverberates through the crypto space, additional elements of Solana's success come to light. The celebration extends beyond DEX volume triumphs, with the entire Saga Mobile inventory selling out. This unexpected surge in demand underscores the growing popularity of Solana-based projects. Furthermore, the meme coin BONK, associated with the ecosystem, has broken multiple records, adding a touch of exuberance to the community's festivities. Wow, what a day We've officially SOLD OUT of Saga phones in the US! A huge thanks to everyone who's been part of this journey To our frens in Europe, we've still got a few left for you. Stay tuned for what's next — Solana Mobile (@solanamobile) December 15, 2023 Solana Trails Closely Behind Ethereum For the first time ever, Solana is inching closer to dethrone Ethereum in total decentralized exchange (DEX) volume over the last day, according to data from DefiLlama. The data shows that Ethereum has accumulated $945 million in a single day, whereas Solana has had an astounding surge of $940 million, in second spot. As of this writing, Solana's weekly change was 37.10%, whereas Ethereum had a ... read More

LNDX Token's Spectacular 190% Surge on Weekend Trade

    [PRESS RELEASE - Dubai, UAE, December 17th, 2023] LandX Finance, the agricultural DeFi protocol, launched their $LNDX governance token on Friday 15 December 2023 to huge demand on exchanges. Prices surged on prominent exchanges including,, and Uniswap on Ethereum and Arbitrum. The token reached a $5.5 million trading volume overall, according to this Uniswap statistic. The launch of the LNDX token is a monumental step for LandX, embodying the culmination of efforts to bridge the gap between traditional farming finance and the sophisticated investors in DeFi. The LNDX token is the cornerstone of the LandX ecosystem and holders are direct beneficiaries of the LandX foundation. Platform Launch and Special Flash Sale Following the success of the token launch, LandX is set to unveil its much-anticipated platform on December 19th, 2023. The platform debut will be accompanied by a special flash sale of the xBasket index fund of xTokens, showcasing LandX's innovative approach to digital asset investment. xBasket - Real World Assets and Inflation Hedge Potential xBasket is an index token auto compounding yield from all four xTokens (xSoy, xWheat, xCorn, xRice). xTokens are uniquely designed as potential inflation hedged digital assets, offering real yield derived from crop share agreements and farmland production. This innovative concept provides tangible, sustainable value and security for investors reducing the erosion of purchasing power associated with stablecoin... read More

Learn How To Trade Bitcoin

    As a Bitcoin trader, the risks but also rewards are quite high, making it a captivating endeavor for those willing to delve into the world of digital currency trading. Bitcoin’s unique combination of volatility and potential for significant returns has captured the attention of traders globally. In this comprehensive guide, we will explore how to trade Bitcoin effectively, ensuring you are well-equipped with the knowledge to navigate this dynamic market. From the basics of Bitcoin trading strategies to identifying the best platform to trade Bitcoins, we will cover it all. What Is A Bitcoin Trader? A Bitcoin trader is an individual who participates in the cryptocurrency market by buying and selling Bitcoin with the aim of making a profit. Unlike long-term investors who may hold assets for longer periods, Bitcoin traders often engage in more frequent transactions. This can range from long-term positions, where they hold Bitcoin with the expectation of price appreciation, to a short-term day-trade, where they capitalize on the market’s volatility. Being a Bitcoin trader involves a deep understanding of the market trends, analysis of technical and fundamental indicators, and an ability to make informed decisions based on current market conditions. Successful Bitcoin traders use various strategies like day-trading, scalping, swing trading, and position trading, each requiring different skill sets and levels of market engagement. Moreover, being a Bitcoin trader me... read More

Bank Of China Completes First Cross-Border Digital Yuan Commodities Trad...

    The Bank of China Hong Kong, the second largest bank in the region, has completed its first cross-border digital yuan-based trade. The transaction, finalized with its sibling bank, the Bank of China, served to receive the payment for an imported iron ore commodity bulk trade, establishing the digital yuan as an option for this kind of settlement. Bank of China Settles $3.4 Million in Bulk Commodities Using the Digital Yuan The Bank of China has opened the path for companies to settle their cross-border payments using the Chinese central bank digital currency (CBDC), the digital yuan. The Hong Kong branch of the bank, the second-largest financial institution in the region, has achieved a milestone in serving as an intermediary for the settlement of a $3.4 million bulk commodity payment between Baosteel group, a steel and iron powerhouse, and Bao-trans Enterprises, a manufacturer of premium steel products. The Hong Kong subsidiary and its mainland-based branch set up digital yuan wallets to support this transaction, receiving the funds in the name of Bao-trans Enterprises as a payment for an order of imported iron ore. According to local press reports, this is the first time the financial institution has acted as an intermediary for a commodity bulk settlement using the digital yuan. Xing Guiwei, Bank of China Hong Kong deputy chief executive, praised the virtues of the Chinese CBDC in this kind of application. For Guiwei, the digital yuan can also be leveraged for the in... read More

How To Trade Crypto

    How to trade crypto - a question that resonates with many in the rapidly evolving digital asset space. Whether you're a novice eager to learn how to crypto trade or an experienced crypto trader looking to refine your strategies, this guide is your comprehensive resource. From understanding the best time to trade crypto to exploring the best cryptos to day trade, we'll delve into every aspect you need to know. What Makes A Crypto Trader? A successful crypto trader is not just someone who knows how to trade crypto, but an individual equipped with a unique set of skills, especially in technical analysis. Technical analysis is the cornerstone of crypto trade decisions. It involves interpreting market data and price charts to forecast future price movements. This skill is particularly crucial for those who day trade crypto or engage in short-term trading strategies like crypto scalping. Technical analysis in crypto trading often involves understanding and utilizing various tools and indicators. For instance, a proficient crypto trader should be adept at reading candlestick charts, which are fundamental in identifying market trends and potential reversals. Knowledge of trend lines, chart patterns, indicators like the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) as well as moving averages is also vital in making informed decisions about when to enter or exit a trade. Apart from technical skills, a crypto trader must also have a strong psychologi... read More

Thorchain Rises to Third in Decentralized Exchange Rankings, Hits $1.8B ...

    In the past week, trading activity on the decentralized exchange (dex) Thorchain has experienced a significant surge, reaching $1.854 billion in trade volume. Data shows that Thorchain is currently the third-largest dex in terms of volume, following the popular dex protocols Uniswap and Pancakeswap.2% of Global Bitcoin Spot Trading Channeled Through Thorchain In the world of decentralized finance (defi), Thorchain has been recording notable volumes. At its core, Thorchain is a decentralized cross-chain infrastructure that facilitates the settlement of native assets across various blockchain networks. Thorchain allows users to swap native assets between supported chains or deposit assets to earn yields from swaps. Thorchain was developed using the Cosmos SDK - a framework for building blockchain applications in Golang. Archived statistics from reveal Thorchain as the third-largest dex this week, with a total volume of $1.854 billion. Uniswap reported $12.021 billion, while Pancakeswap had around $2.974 billion. In terms of overall volume, Uniswap has reached $1.767 trillion, and Pancakeswap has accrued $626.52 billion. Thorchain's total volume stands at $12.426 billion, less than Trader Joe's $86.278 billion and Raydium's $53.697 billion. Among the top ten dexes, Thorchain saw the largest week-over-week percentage increase, climbing 144% higher. In the last 24 hours, Uniswap recorded $1.619 billion in volume, Pancakeswap had $444.9 million, and Thorchain achieve... read More

Membrane Announces First Derivatives Trade Settled on Network

    [PRESS RELEASE - New York, United States, November 17th, 2023] Membrane Labs Inc., a leading institutional-grade digital asset settlement and workflow management platform, today announced the successful completion of its first derivatives settlement with prominent trading firms QCP and Wakem Capital. The transaction seamlessly moved margin in fiat, showcasing the platform's ability to facilitate the settlement process for derivatives transactions through a versatile, custody-agnostic API and blockchain interface. 'Our mission at Membrane has always been to bridge the gap between traditional finance and the world of crypto assets,' said Carson Cook, CEO of Membrane. 'This successful transaction is a testament to our platform's capacity for innovation and our commitment to providing a secure and efficient settlement network. It represents a significant step forward in our work with market leaders like QCP and Wakem Capital, demonstrating our mutual dedication to advancing the digital asset economy.' The transaction allowed both parties to experience the full scope of Membrane's settlement network, including its capacity for handling various collateral arrangements and currencies. Utilizing fiat for margin purposes was a deliberate choice, showcasing Membrane's versatility in building seamless integrations across both traditional banking and custody providers. 'As a global leader in digital assets trading, we are delighted to support Membrane’s journey as an investor,... read More

Dex Trade Volumes Jumped 32% in October; November's First Week Ends With...

    After experiencing a slump in September, with a trading volume of $30.22 billion, decentralized exchange (dex) activity saw a surge in October, climbing by over 32% to $39.98 billion. The momentum in dex trade volume has been consistent in November, with the past week alone accounting for $15 billion in trades.After a September Decline, Dex Markets Rebound According to recent statistics, decentralized exchange (dex) platforms registered an increase of $9.76 billion in trading volume in October compared to the previous month. The October volume reached $39.98 billion, which also slightly surpassed the $39.52 billion total of August. As the first week of November 2023 has concluded, dex platforms have tallied $15 billion in trades, indicating a stronger volume that represents 37.51% of October's entire volume over the same seven-day span. In the $39.98 billion total dex volume for October, Uniswap dominated with $26.86 billion, constituting over two-thirds of the month's volume at 67%. November's figures so far show Uniswap's dominance continues, with $9.10 billion of the $15 billion traded, capturing 60% of the volume from November 1 to November 7, 2023. In the same seven-day period, Pancakeswap notched $2.56 billion, while Curve Finance logged $732 million. Notably, 57.7% of all dex trade activity occurred on the Ethereum blockchain. BNB secured just above 20%, and Arbitrum slightly more than 15%, based on the seven-day dex trade activity by blockchain share. This past week... read More

Crypto Analyst Says Bitcoin Is At A High Premium, How To Trade It

    Bitcoin is facing resistance at its yearly high of the $35,000 mark amidst a few days of eventful price action. Right now, all things seem poised for a retracement, considering past price action of the cryptocurrency after sudden price surges.  However, according to some crypto analysts, Bitcoin is currently trading at a high premium. This means its price is inflated right now due to all the excitement and media attention. Data from crypto behavior analytics Santiment has shown euphoria regarding Bitcoin among investors on social media posts. This euphoria has occasionally preceded a decline in the price of BTC. MN Trading analyst Daan Foppen warns that the cryptocurrency is currently trading at a significant premium, noting the best time to buy is at a discount price.  Analyst Recommend Waiting For The Next Dip To Buy Bitcoin's current surge can likely be attributed to FOMO from investors regarding the approval of spot Bitcoin ETFs. This FOMO was reinforced by the emergence of BlackRock's iShares Bitcoin Trust on the DTCC website.  The Bitcoin Trust was removed from the DTCC website without explanation, leading to an ongoing consolidation and a pause in the price surge. However, the listing has since returned, with slight changes. Although analyst Daan Foppen credited this recent Bitcoin price spike as a good sign for bulls, he warned that the price is “currently trading in a bearish monthly fair value gap (FVG).” A good step right now is to keep ... read More

A SWIFT Shakeup: Yuan Dethrones Euro as Runner-Up in Trade Finance Marke...

    The latest report published by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) has revealed that the Chinese yuan overtook the euro as the second most used currency in trade finance markets. However, the dollar is still comfortably in first place, with more than an 80% share in these payments. Chinese Yuan Overtakes Euro in Global Trade The Chinese yuan has overtaken the euro as the second most used global currency in international trade finance markets, according to the Society for Worldwide Interbank Financial Telecommunications (SWIFT), the standard payment solution for cross-border payments. In its latest RMB Tracker report, which keeps track of the advances of the Chinese yuan on its path to internationalization, SWIFT revealed that the yuan reached a 5.80% share in September, overtaking the European currency. The yuan grew by almost one percent in a month, having scored a utilization of 4.82% in August. The euro obtained a share of 5.43%, while the Japanese yen placed fourth with a 1.40% share. For this consideration, SWIFT counted the number of MT400 (advice of payment) and MT700 (issue of a documentary credit) messages by value in the system during September. Nonetheless, considering other messages, the yuan is still the fifth currency for global payments by value, with a share of 3.71%. U.S. Dollar Strength and Yuan Internationalization Even with all the recent buzz regarding the end of dollar hegemony due to the abuse of the currenc... read More

JPMorgan's Tokenized Collateral Network Facilitates Blackrock-Barclays T...

    Banking giant JPMorgan Chase has debuted its blockchain-based collateral settlement system. Blackrock became the first client to use JPMorgan's Tokenized Collateral Network (TCN). The world’s largest asset manager used the system to convert shares in one of its money market funds into digital tokens, which it then used as collateral in an over-the-counter derivatives trade with Barclays Plc.JPMorgan Debuts Tokenized Collateral Network JPMorgan Chase & Co. has completed its first blockchain-based collateral settlement for clients, Bloomberg reported Wednesday. Tyrone Lobban, head of Onyx Digital Assets at JPMorgan, revealed in an interview that Blackrock, the world's largest asset manager, utilized JPMorgan's Tokenized Collateral Network (TCN) to convert shares from one of its money market funds into digital tokens. These digital tokens were subsequently used as collateral in an over-the-counter derivatives trade with Barclays Plc. “Blackrock and Barclays are now live on TCN, an application which sits on J.P. Morgan’s Onyx Digital Assets platform, operating as a private blockchain which is used for tokenized asset movements including collateral settlements,” the banking giant's press release details. JPMorgan described on its website: Tokenized Collateral Network (TCN) is an application enabling investors to utilize assets as collateral. Transfer collateral ownership without moving assets in underlying ledgers — while remaining invested — st... read More

Arbitrum Sale On Binance: How This Investment Firm Lost $465,000 In An A...

    Recent transactions by Arca, a prominent investment firm, involving Arbitrum native token ARB, have again put them under the spotlight. According to on-chain tracking platform Lookonchain, the firm has suffered a substantial loss nearing half a million recently. Arca's Arbitrum Shipment to Binance Lookonchain reported earlier today that Arca transferred roughly 1.49 million ARB tokens to Binance. With a value of around $1.21 million, this transaction indicates a possible liquidation of Arca's holdings in Arbitrum (ARB). If this were the case, according to Lookonchain, it would translate into a significant loss of $465,000 for the investment firm. Notably, as significant as it seems, the ARB token transaction isn't an isolated case of Arca's investments not panning out as anticipated. Loononchain noted: 'Arca's investment this year appears to be terrible.' An analytical dive into the firm's past decisions has shown similar patterns. For instance, Arca's foray into GMX and DYDX left them with losses of $231,000 and $304,000, respectively. Their stakes in DPX and SYN further compounded their negative streak, resulting in losses of $142,000 and $107,000. Arca (@arca) deposited 1.49M $ARB ($1.21M) to #Binance at a price of $0.815 5 hours ago and is expected to lose $465K. Arca's investment this year appears to be terrible. Lost $213K on $GMX, $304K on $DYDX, $142K on $DPX, $107K on $SYN; Only made a profit of $294K on $RDNT. — Lookonchain (@... read More

Users Can Now Trade XRP and DOGE Against PayPal's Stablecoin

    The leading cryptocurrency exchange - - recently teamed up with the payment platform PayPal to become the preferred marketplace for the recently launched stablecoin - PayPal USD (PYUSD). As such, it said there are now new trading pairs on the application. In the following lines, we will outline which ones exactly. Support for XRP and DOGE announced on X (Twitter) that customers can trade Ripple's native token - XRP, the first ever memecoin - Dogecoin (DOGE), and Solana (SOL) against PayPal's stablecoin - PYUSD. New #XRP, #SOL and #DOGE trading pairs are now available in the App! Trade $XRP, $SOL and $DOGE with $PYUSD now! Get the App — (@cryptocom) September 28, 2023 The move comes approximately two months after the payment platform doubled down on its crypto forays by launching the aforementioned asset. PYUSD maintains a fixed value against the US dollar and is issued by Paxos Trust Co.  Could Add SHIB Into the Offering? One person who commented on the partnership between the cryptocurrency exchange and PayPal was Shibarium's Marketing Strategist, going by the X handle LUCIE. They reminded that has already listed popular memecoins, including Shiba Inu (SHIB), Bone ShibaSwap (BONE), and Doge Killer (LEASH). As such, LUCIE suggested the exchange could double down by adding additional offerings involving the assets o... read More

Crypto Fuels Illicit Fentanyl Trade, Report Reveals

    Elliptic, a leading blockchain analytics firm, has uncovered a network of 100 individual suppliers facilitating the illicit fentanyl trade by smuggling the precursor chemicals needed to synthesize fentanyl. The criminals have also been using cryptocurrency, specifically Bitcoin, Ethereum, Tron, and Monero, to make payments, facilitating the transfer of funds from buyers to suppliers, with the final destination being Mexico. Elliptic Uncovers Illegal Fentanyl Network In the report, Elliptic dives into the chemical supply chain feeding controlled substances into the drug epidemic in the United States and beyond, shedding light on the significant role of cryptocurrencies in this illegal trade. Elliptic's investigation uncovered a network of suppliers providing precursor chemicals for fentanyl synthesis who accept cryptocurrency payments, making the transactions easily accessible. The report also reveals that there were 80 different groups with 144 distinct cryptocurrency addresses found on Bitcoin, Ethereum, Tron, and Monero blockchains, which were discovered to be linked to the suppliers of fentanyl precursor chemicals. After the acquisition, these chemicals are shipped to Mexico, evading customs checks and law enforcement scrutiny. Once shipped, the illegal materials are delivered to various locations in Mexico, including Mexico City, and states like Querétaro and Jalisco, which are areas under the notorious Cartel Jalisco Nueva Generación (CJNG). Bitcoin Leads w... read More

Citigroup Unveils Citi Token Services for Cash Management and Trade Fina...

    Citigroup has announced the creation and piloting of Citi Token Services for cash management and trade finance. 'Citi Token Services will integrate tokenized deposits and smart contracts into Citi’s global network, upgrading core cash management and trade finance capabilities,' the financial giant explained.Citi Launching New Token Services Citigroup Inc. (NYSE: C) announced on Monday the 'creation and piloting of Citi Token Services for cash management and trade finance.' The financial giant's Treasury and Trade Solutions (TTS) explained: The service uses blockchain and smart contract technologies to deliver digital asset solutions for institutional clients. Citi Token Services will integrate tokenized deposits and smart contracts into Citi’s global network, upgrading core cash management and trade finance capabilities. “Digital asset technologies have the potential to upgrade the regulated financial system by applying new technologies to existing legal instruments and well-established regulatory frameworks,” said Shahmir Khaliq, Citigroup’s Global Head of Services. Citi set up a digital assets group within its wealth management unit in June 2021 to help clients invest in cryptocurrencies, stablecoins, non-fungible tokens (NFTs), and central bank digital currencies (CBDCs). A few months later, the financial giant reportedly sought to hire 100 people for its new crypto team. In May last year, Citi participated in a funding round for Talos, a glob... read More

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