| 
| Unitrade 
| #TRADE
|
| TRADE Price: | $0.033 | | Volume: | $9.3 K | | All Time High: | $2.83 | | Market Cap: | $1.2 M |
|
| Circulating Supply: | 35,782,805 |
| Exchanges: | 2+
| | Total Supply: | 50,000,000 |
| Markets: | 2+
| | Max Supply: | — |
| Pairs: | 7
|
|
The price of #TRADE today is $0.033 USD.
The lowest TRADE price for this period was $0, the highest was $0.033, and the exact current price of one TRADE crypto coin is $0.03316.
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 BTC or other crypto coins. |
The code for Unitrade crypto currency is #TRADE.
Unitrade is 2.1 years old. |
The current market capitalization for Unitrade is $1,186,652.
Unitrade is ranking upwards to #1356, by market cap (and other factors). |
The trading volume is small today for #TRADE.
Today's 24-hour trading volume across all exchanges for Unitrade is $9,346. |
| The circulating supply of TRADE is 35,782,805 coins, which is 72% of the total coin supply. |
| Note that there are multiple coins that share the code #TRADE, and you can view them on our TRADE disambiguation page. |
 | Solana Price Continues To Trade Laterally With Signs Of Further Deprecia...
Solana price has moving been sideways for the last few months, and it has maintained the same price action.
Over the last 24 hours, SOL has depreciated 2.6%. In the past week, the altcoin's gains were negated by the ongoing lateral trading.
Buying strength has remained low over the last week and that has further pushed Solana price to their closest support line. If buyers push the price higher, SOL could attempt to topple over the $33 price level.
As sellers continue to dominate, it could be tough for SOL to experience a breakout from the $30-$32 price zone.
The bulls failed to hold onto the $33 price mark and ever since that, the coin has continued to spiral downwards. Increased consolidation of SOL has reduced buyers' confidence.
For SOL to invalidate the bearish thesis, it needs to move above the $40 price zone. The global cryptocurrency market cap is now $971 billion, down by 0.2% in the last 24 hours.
Solana Price Analysis: One Day Chart
Solana was priced at $33 on the one-day chart | Source: SOLUSD on TradingView
SOL was trading at $33 at the time of writing. The coin experienced heavy resistance at the $41 price mark, and the bulls have been rejected at that mark for over months now.
Immediate resistance for Solana price was at $38, toppling which SOL might attempt to touch $41.
On the flip side, a fall from the present price mark will push SOL to $30 and then to $26.
The amount of Solana traded in the last session declined, indicating that buyers were fewer in number....
|  | Russia's Tech Giant Rostec to Test Digital Asset Payments in Internation...
Russia's leading technology company, Rostec, is working on a project to integrate digital assets into cross-border trade. The state-owned corporation says the market is interested in cryptocurrency payments which can reduce sanctions pressure on Russian exporters and importers.Rostec Eyes Russky Island for Trials of Digital Currency Payments
The largest Russian industrial and technology conglomerate, Rostec, us preparing to launch a project dedicated to integrating cryptocurrencies into cross-border transactions. The main task will be to limit the negative effects of sanctions on the activities of Russian importers and exporters that are experiencing mounting pressure.
The Russian economy, especially foreign trade operations, was hit hard by financial restrictions imposed by the West over Moscow's military intervention in Ukraine. Proposals to legalize the use of digital financial assets in deals with partners, including cryptocurrencies, stablecoins and the upcoming digital ruble, have been gaining support among officials.
Speaking during the 'Digital Finance: New Ways of Development' conference at the Eastern Economic Forum this week, Rostec's Managing Director for National Projects Anna Sharipova unveiled that the corporation is exploring the possibility of testing digital assets as a means of payment for imports and exports. Trials will be held under the experimental legal regime for electronic trading on Russky Island, off the coast of Vladivostok, the second-largest cit...
|  | Bank of Russia to Promote Digital Ruble in Foreign Trade as Finance Mini...
Days after the two institutions agreed on the need for cross-border crypto payments, the finance ministry and the central bank of Russia are once again highlighting their different priorities. While the treasury department aims for legalizing cryptocurrency payments in the coming months, the monetary authority says it will 'actively promote' its digital currency for international settlements.Bank of Russia Seeks to Impose Digital Ruble for International Settlements
The Central Bank of Russia (CBR) will 'actively promote' the employment of the digital ruble in cross-border payments, its Governor Elvira Nabiullina stated in a documentary aired by the Russia-24 TV channel. The film was devoted to the 220th anniversary of the Ministry of Finance of the Russian Federation.
The department recently announced it had reached an agreement with the monetary authority on the need to legalize international crypto payments in the face of Western sanctions. In the current conditions, 'it is impossible to do without cross-border settlements in cryptocurrency,' the two regulators concluded, according to the ministry.
These payments should be legalized soon, Deputy Finance Minister Alexey Moiseev told Russian media. Anatoly Aksakov, head of the Financial Market Committee at the State Duma, the lower house of Russian parliament, also joined calls to allow crypto payments in foreign trade.
On the backdrop of these statements by government officials about the importance of using cryptocurrency as...
|  | Russian PM Says Digital Assets Are 'Safe Alternative' in Foreign Trade, ...
Russian Prime Minister Mikhail Mishustin has praised digital assets as a payment instrument that could strengthen Russia's financial independence. The top government official also called for increasing the use of the ruble for international settlements.Head of Russian Government Sees Digital Assets as Tool Ensuring 'Uninterrupted Payments'
Digital assets can become an alternative to traditional settlements and facilitate payments for imports and exports, the prime minister of Russia has recently remarked. Quoted by RBC Crypto news outlet, Mikhail Mishustin made the comment during a 'strategic session on the development of the domestic financial system.'
In his statement, which was streamed online, the head of the executive power in Moscow insisted that the Russian Federation needs to intensively develop innovative areas, including the introduction of digital assets. He elaborated:
This is a safe alternative for all parties, which is able to guarantee uninterrupted payments for the supply of goods from abroad and for exports.
Russia has been mulling over ways to reduce its dependence on the U.S. dollar for quite some time as part of a policy objective referred to as 'dedollarization.' Digital financial assets, a broad term in current Russian law that officials have used to describe cryptocurrencies, have been considered as an option even before the latest sanctions imposed over the war in Ukraine.
A draft law 'On Digital Currency' prepared by the Ministry of Finance is expecte...
|  | Iranian Association Calls for Stable Crypto Regulation as Government Pla...
Iran's association of importers has stressed the need for a stable regulatory framework for cryptocurrencies now that the Iranian government is officially using crypto to pay for imports. 'By the end of September, the use of cryptocurrencies and smart contracts will be widespread in foreign trade with target countries,' a government official said.Imports Association: Iran Needs Stable Crypto Regulation
Alireza Managhebi, the chairman of Iran's Importers Group and Representatives of Foreign Companies (Imports Association), voiced concerns about the country's crypto regulation Saturday, local media reported.
He stressed that a stable regulatory framework for cryptocurrencies should be established for cryptocurrencies to be successfully used as a means of payment for imports. Noting that crypto can be useful in this regard under the right regulatory infrastructure, Managhebi said:
Our main and most important concern is that this new method cannot be exploited by some people.
'The main question is whether the Iranian government has provided fixed rules for the use of cryptocurrencies that will not change for several months, and in the meantime businesses active in this digital field will not be harmed,' he detailed.
Managhebi noted that the government of Iran recently announced the official use of cryptocurrency to pay for imports. However, he clarified that the claim that this would immediately end the dollar dominance in Iran is not very accurate because both the dollar and cry...
|  | Flippening Forewarning? Ether Options Overtake Bitcoin As The Top Crypto...
Ether options have been trading for a much shorter time compared to Bitcoin options, but the former has done an impressive job catching up with its predecessor. Bitcoin had dominated as the leading crypto options asset in the space, with billions pouring into it. However, the tide had begun to turn in the 3rd quarter of 2022 when an important update about the Ethereum Merge triggered a surge in interest for Ether options.
Ether Options Surpass Bitcoin
Ether options debuted in the market back in January 2020, and it has enjoyed steady growth since then. However, no matter how much Ether options had grown, bitcoin options remained higher with open interest in crypto pouring into the pioneer cryptocurrency. Then in July 2022, Ethereum developers made an announcement regarding the network’s upgrade to a proof of stake mechanism, and this would change the game completely.
In July, interest in Ether options had ballooned, leading to a meteoric rise. It had packed at a new all-time high of $8.1 billion, which was more than 50% high than bitcoin at the time, with an open interest of $5.4 billion. From there until the present day, Ether options remain on an impressive uptrend, continuing to surpass bitcoin at each turn.
Public miners sell more BTC than they produced | Source: Arcane Research
The rise puts Ether options trailing at 100% recovery compared to bitcoin, which continues to trail at 70%. It is the first time ever that the open interest in Ethereum has gro...
|  | Crypto Payments Are Acceptable in Foreign Trade, Russia's Financia...
Russian financial watchdog Rosfinmonitoring is ready to accept the use of cryptocurrencies in international settlements, the head of the agency, Yuri Chikhanchin, has indicated. The statement adds to growing support for the legalization of international crypto payments in Russia amid financial restrictions imposed over its invasion of Ukraine.Top Financial Regulator in Russia Welcomes International Crypto Payments
The Federal Financial Monitoring Service of the Russian Federation, also known as Rosfinmonitoring, fully accepts that cryptocurrencies can be employed for settlements with foreign partners, Yury Chikhanchin, director of the regulatory body has stated.
Speaking in the Federation Council, the upper house of Russian parliament, Chikhanchin emphasized that payments with digital assets inside Russia are prohibited by law. The country's current legislation bans 'money surrogates.'
However, under certain conditions, such payments may well be used in international trade, Chikhanchin said. The high-ranking official believes this can help businesses oriented towards exporting Russian products. Quoted by the Bits.media crypto news outlet, he also noted:
If the supply chain is controlled, then this is quite acceptable.
Yury Chikhanchin further emphasized that in order to take advantage of cryptocurrency payments, Russian companies need to know to whom exactly they are exchanging the digital currencies.
The regulator revealed that his department has developed and already launch...
|  | TA: Bitcoin Jumps 5%, Why BTC Could Offer Trade Openings On Dips
Bitcoin gained pace and cleared the $19,500 resistance against the US Dollar. BTC is now facing resistance and might correct lower to $19,500 in the short-term.
Bitcoin gained pace above the $19,500 and $19,600 resistance levels. The price is now trading above the $20,000 level and the 100 hourly simple moving average. There was a move above a key bearish trend line with resistance near $19,460 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair tested the $20,500 resistance zone and might correct in the short-term. Bitcoin Price Gains Pace
Bitcoin price formed a base above the $18,720 support zone. As a result, BTC started a decent increase and broke the $19,500 resistance zone.
There was a clear move above a key bearish trend line with resistance near $19,460 on the hourly chart of the BTC/USD pair. The price even broke the $20,000 resistance and settled above the 100 hourly simple moving average.
Bitcoin climbed above the 76.4% Fib retracement level of the key drop from the $20,500 swing high to $18,735 low. However, the bulls struggled to pump the price above the $20,500 resistance zone.
A high is formed near $20,450 and the price is consolidating gains. It is trading above the 23.6% Fib retracement level of the recent increase from the $18,738 swing low to $20,450 high. On the upside, the price is facing resistance near the $20,450 and $20,500 levels.
Source: BTCUSD on TradingView.com
The next key resistance is near the $20,920 zone. A clear move ...
|  | What's Protocol Monetary Trade Policy, and Why Is it Such a Big De...
Innovations that push boundaries tend to generate buzz before they’re fully adopted by the broader DeFi community. Protocol Monetary Trade Policy is the newest one on the horizon. It's already considered by some as the evolution of liquidity mining, despite being relatively new in the space.
The policy’s proponents say it will greatly benefit the DeFi ecosystem, but it’s worth examining exactly what Protocol Monetary Trade Policy is, how it compares to traditional DeFi economics, and whether it truly has the potential to revolutionize the crypto-economic space.
What is Protocol Monetary Trade Policy? Protocol Monetary Trade Policy (PMTP) is a set of monetary policies that use a cryptocurrency protocol’s influence over currency trade or transfers to support the health of the protocol and its core token(s). In theory, it may eventually eliminate the need for inflation. The policy was invented by a team of crypto economists at Sifchain.
One of the main goals of Protocol Monetary Trade Policies is to help attract external liquidity while increasing total value locked (TVL). It does this by incentivizing a cryptocurrency token such as ROWAN, creating an attractive option to earn rewards in. In turn, this helps to drive external demand to pool assets and encourage the purchase and staking/holding of the specified token.
“Sifchain sees Protocol Monetary Trade Policy as an innovative suite of tools that can provide flexible & powerful utility along...
|  | Why Ethereum Could Trade At $500 If These Conditions Are Met
Ethereum has returned to the red as it was rejected as a major area of resistance. The cryptocurrency is bleeding out and records the second-worst performance in the crypto top 10 by market capitalization with a 10% loss in the last 24 hours. ETH’s price could succumb to macroeconomic conditions.
Cheung claims the second crypto by market cap is correlated with traditional equities, in particular with the Nasdaq 100 via the Invesco QQQ Exchange Traded Fund (ETF). In that sense, the crypto market has become susceptible to stock price movement making it “a market regime where it is all just one big Macro trade”.
Source: Daniel Cheung via Twitter
The analysis claims that Ethereum could see a 40% drop from its current levels as the Nasdaq 100 has “a lot of room to fall”. This index has only experienced a 30% crash, and historically it has dropped by as much as 45%.
The potential upcoming crash in the Nasdaq 100 (tech stocks), and in Ethereum as a consequence, will be driven by a poor earnings season, Cheung believes. This is one of the conditions that could force ETH’s price to break below $1,000 and into $500 for the first time since 2020.
The analysis claims that the traditional market is misreading the U.S. Federal Reserve (Fed). The institution is attempting to slow down inflation, currently at a 40-year-old high as measured by the Consumer Price Index (CPI), by increasing interest rates and unloading its balance sheet into the market.
ETH...
|  | TA: Bitcoin Turns Red, Why BTC Could Trade To New Monthly Lows
Bitcoin is struggling below the $21,000 zone against the US Dollar. BTC could continue to move down unless there is a clear move above the $20,750 resistance zone.
Bitcoin started a fresh decline below the $21,000 and $20,500 levels. The price is now trading below the $20,500 level and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $20,820 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline further if there is a clear move below the $20,000 zone. Bitcoin Price Is Sliding
Bitcoin price remained in a bearish zone below the $21,000 pivot level. The bulls struggled to push the price higher and there was a bearish reaction below the $20,800 level.
The price traded below the 61.8% Fib retracement level of the key recovery from the $19,750 swing low to $21,780 high. The decline was such that the bears even pushed the price below the $20,550 and $20,500 support levels.
It tested the 76.4% Fib retracement level of the key recovery from the $19,750 swing low to $21,780 high. Bitcoin is now trading below the $20,500 level and the 100 hourly simple moving average.
An immediate resistance on the upside is near the $20,520 level. The next key resistance is near the $20,750 zone. There is also a major bearish trend line forming with resistance near $20,820 on the hourly chart of the BTC/USD pair.
Source: BTCUSD on TradingView.com
A clear move above the trend line resistance and then $21,000 could i...
|  | Report: Crypto Hedge Fund Three Arrows Capital Pitched a GBTC Arbitrage ...
Last week there was a lot of focus on the crypto hedge fund Three Arrows Capital (3AC) as the firm allegedly had a great deal of leveraged positions liquidated and there's been speculation about insolvency. According to a recent report, 3AC's over-the-counter (OTC) operation TPS Capital pitched a GBTC arbitrage opportunity before the company reportedly failed to meet margin calls.3AC Co-Founder Says 'Terra-Luna Situation Caught Us Very Much off Guard' - FTX CEO Sam Bankman-Fried Insists Problems Like 3AC Couldn't Have Happened With an Onchain Protocol
Before June 14, which was the last day Su Zhu tweeted, the co-founder of Three Arrows Capital Ltd. (3AC) was very active on Twitter. Since then, Zhu and 3AC co-founder Kyle Davies are not active on social media at all, but the silence has not stopped people from investigating the company. This is because various reports indicate that 3AC positions were liquidated and some reports speculate that the Terra LUNA and UST fallout crippled the company with 'massive losses.' The same account indicates that it's possible that it caused 3AC 'to use more leverage to earn it back. Also known as 'Revenge trading,'' the report added.
On June 17, it was reported by Reuters and the Wall Street Journal (WSJ) that 3AC was 'exploring options, including the sale of assets and a bailout by another firm.' Davies spoke with the WSJ and he told the press that the 'Terra-Luna situation caught us very much off guard.' Additionally, Michael Moro, the CEO...
|  | USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists St...
Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity, the Tron DAO Reserve says the stablecoin has not depegged in a Twitter thread that discusses a combination of an 'on-chain mechanism [and] collateralized assets.'USDD Trades Below $1 for an Entire Week
USDD has been trading for lower than a U.S. dollar for over a week and on Sunday, USDD tapped an all-time low at $0.928 per unit. The following day on Monday, the stablecoin has been exchanging hands for $0.966 at the time of writing, and it saw a 24-hour low at $0.943. USDD is the ninth-largest stablecoin by market capitalization, with approximately $696.28 million on Monday evening at 7:00 p.m. (ET). The stablecoin has seen roughly $83 million in global trade volume and the top USDD exchanges on Monday include Kucoin, Huobi Global, Poloniex, and Pancakeswap version two (V2).
To safeguard the overall blockchain industry and crypto market, TRON DAO Reserve have purchased 10,000,000 #USDD on #TRON.
- TRON DAO Reserve (@trondaoreserve) June 20, 2022
The Tron DAO Reserve account on Twitter has been announcing numerous crypto asset purchases to safeguard the crypto ecosystem. On Monday, the Tron DAO Reserve revealed it added ten million USDC to 'safeguard the overall blockchain industry and ...
|  | Investment Gone Bad: User Supposedly Loses Over $1 Million in an NFT Tra...
It's safe to say that non-fungible tokens have seen better days as liquidity dries up amid a broader market downturn and collapsing prices. Amid all this, an investor has let go of an NFT they bought for more than $1 million for less than $10K.
There are many stories of users turning a small investment into a massive bank, but this one is not one of them. In fact, it's the exact opposite.
Just a few hours ago, someone sold a non-fungible token from a collection called CrypToadz by GREMPLIN for 6.9 ETH, worth roughly around $8.4K at the time of the transaction.
Interestingly enough, this same NFT was bought eight months ago for a whopping 300 ETH. At the time, ETH was trading at around $3.5K, making this a purchase worth $1,050,000.
Source: OpenSea
Of course, it's not out of the question for the user to have sold the NFT to himself for such a high price back then in a process that's known as wash-trading. It could also have been done in a bid to reduce taxes payable, although this would constitute a punishable offense.
The CrypToadz collection currently has a floor price of around 1.5 ETH - a shadow of its former self. Last year, at around the time the above purchase was made, the average NFT from this collection sold at above 21 ETH.
|  | Goldman Sachs Executes First-Ever Ether-Linked Derivative Trade
Banking giant Goldman Sachs began trading a derivative asset tied to Ether on Monday. The asset is intended to provide investors with indirect exposure to Ether – the second-largest cryptocurrency by market cap.
As reported by Bloomberg, the counterparty of the trade was Marex Financial – a London-based financial services firm.
The move comes on a day when the entire crypto market – including Ether – has fallen to lows unseen since December 2020. The total market is now worth less than $1 trillion, with Bitcoin’s market cap below $450 billion.
The trade arguably indicates a sense of long-term faith in crypto as an asset class, despite recent downturns. In January, the company’s former CEO admitted that crypto is “happening” after being a longtime skeptic.
In the past, the bulk of Goldman’s crypto trading options has centered around Bitcoin-linked derivatives, after restarting such services in July of 2021. It became the first major US bank to offer a Bitcoin OTC options trade in March.
Goldman announced that it would soon offer cash-settled Ether trading options in April, and even claimed the crypto could surpass Bitcoin as a store of value in July 2021.
The bank initially expected Ether to reach $8000 by the end of 2021, but that prediction fell far off target.
In February of 2020, both Goldman Sachs and Citigroup experimented with a blockchain-based equity swap, similar to those possible with Ethereum.
|  | Ethiopian Central Bank Warns that Trade With Crypto is Illegal
The National Bank of Ethiopia (NBE) clarified in a recent statement that it is still “illegal” to transact using Bitcoin or other cryptocurrencies. Citizens are encouraged to continue trading using the Ethiopian Birr.
As reported by the state-affiliated Fana Broadcasting Corporate (FBC), Bitcoin and cryptocurrencies are yet to be recognized by the NBE as a legitimate means of payment.
“Ethiopia’s national currency is the Ethiopian Birr, with any financial transaction in Ethiopia to be paid in Birrs, according to the law,” the NBE said in a statement.
The central bank’s concern lies in crypto’s alleged use for informal transactions and money laundering schemes in Ethiopia. It called on the public to report such “illegal transactions” if witnessing them.
Financial authorities across the world from the ECB to the Federal Reserve have shown concern over crypto’s use in financial crime, such as drug trafficking and sanctions evasion.
Blockchain intelligence firm Chainalysis finds that illicit funds transferred in crypto are increasing over time, but are rapidly declining as a share of total transactions.
Ethiopia’s crypto position stands in stark contrast to the Central African Republic (CAR), which adopted Bitcoin as legal tender in April. The nation is now planning on building various forms of infrastructure for embedding crypto into the economy.
However, the Bank of Central African States – which governs...
|  | Russian Central Bank Wants Crypto for International Trade, Not for Citiz...
According to a senior bank official, Russia’s central bank is open to using cryptocurrencies for international payments. On May 31, central bank First Deputy Governor Ksenia Yudaeva said, “in principle, we do not object to the use of cryptocurrency in international transactions.”
However, like most central banks, it does not approve of its citizens investing in, trading, or using cryptocurrencies as payments, as it views them as a threat to its financial system.
Central banks generally disapprove of decentralized digital assets because they erode their level of control over the country’s finances. Additionally, they may compete with any central bank digital currency (CBDC) projects in the pipeline. Again, this is all about control since a CBDC will give banks much more leverage over what people can and can’t do with their own money.
We Can Use Crypto, But You Can’t
Ksenia Yudaeva cited user risk over its stance on crypto for its citizens, according to a May 31 Reuters report.
“We still believe that the active use of cryptocurrency within the country, especially within Russia’s financial infrastructure, creates great risks for citizens and users. We believe that in our country those risks could be reasonably large.”
Yudaeva also commented that overall risks to financial stability in Russia as a result of Western sanctions had declined as banks now had ample foreign currency liquidity.
The Russian central bank has previously...
|  | How to Use Diversification to Trade a Turbulent Market
Bulls vs. Bears. The long history of two animals battling against each other on Wall Street has now paved its way into the crypto markets. After a long reign, the bulls have taken a step back and the bears have taken over. That said, most of us are aware that the market conditions right now aren’t the most trader-friendly; stable coins have been destabilized and there’s a bloodbath with red candlesticks taking dips.
So, what could help a trader or an investor at this point? The simple answer is diversification, or the golden rule of never putting all your eggs in one basket. Striking the right balance in terms of diversification can sometimes be tough, which is why having the right mechanism or tool can help.
What is diversification? Diversification is the strategy of spreading your assets across several asset classes to minimize your exposure to only one type. This method is intended to help minimize your portfolio's volatility over time and maximize returns by investing in different assets that would react differently under the same circumstances. Some of the benefits of diversification include:
Loss risk minimization: Asset diversification reduces the risk of losing money in a single asset type. This occurs because if one asset or asset class performs poorly, another asset or asset class performs well. This helps to balance the outcome and decreases the risk of portfolio loss. Capital preservation: Diversifying assets reduces the risk of capital loss. Debt ins...
|  | Provision Allowing Cryptocurrency Payments in Foreign Trade Added to Rus...
A proposal to permit companies to use cryptocurrency in cross-border settlements has made its way to a draft law designed to regulate Russia's crypto space this year. According to a press report, the finance ministry has introduced a number of revisions to the legislation it has been working on in the past few months. Changes to Cryptocurrency Bill Can Make International Coin Payments Possible in Russia
The Russian Ministry of Finance has revised its draft law 'On Digital Currency' to reflect various suggestions by other government departments and agencies, the business daily Vedomosti unveiled, quoting government sources. The amendments have been coordinated with the ministries of economy, digital development, internal affairs, the Federal Tax Service, and Russia's financial watchdog, Rosfinmonitoring.
The one major institution missing from that list is the Central Bank of Russia, which remains opposed to any legalization of cryptocurrencies like bitcoin and respectively disagrees with the Minfin's regulatory concept which aims to establish a legal market for digital assets. The ministry's legislation was first submitted to the federal government in February.
There is a wider consensus among Russian authorities that cryptocurrency should not be accepted as legal tender in the country. The law 'On Digital Currencies' bans the use of crypto assets as a means of payment but suggests recognizing them as an investment tool.
Nevertheless, a provision introduced with the latest re...
|  | How StableFunds Has Made It Extremely Easy to Trade Altcoins
UK-based StableOne's newest venture, an app called StableFund, is spearheading a new outlook on crypto. This innovative app is all set to make the lives of crypto investors a lot better.
Built on the Polygon chain and powered by sophisticated technology, this state-of-the-art AI trading bot is full of promise. StableFund gives users a platform to trade altcoins using its AI bot. Altcoins, short for alternative coins, are cryptocurrencies other than Bitcoin. The most popularly known altcoins include Ethereum, Ripple, NEO, etc. These cryptocurrencies are fast gaining momentum owing to their high potential rewards. Users can swap the top 200 coins with the help of this application, for example swapping BTC with USDT. Market investors looking to diversify their portfolios are buying large selections of altcoins.
Users can earn 1.5% rewards daily with the StableFund app. It is cleverly designed to offer maximum profits on crypto trades. It leverages technical analysis and proven trading strategies shared by pro traders to build trades that ring in the highest profits.
However, most platforms failed to offer secure, real-time services to trade these valuable currencies. Till now. StableFund is the emerging app investors have long been searching for. The user-friendly application has an inviting UI. Simple navigation breaks down otherwise complex systems, taking the user in and out of various dynamic features.
On this app, users can have their own wallets. They can buy crypto using ...
|  | Investors Continue To Trade LUNA Despite Massive Crash
Investors continue to trade the LUNA token despite its enormous fall, seeing the coin lose 99% of its value from $62 on May 9 down to less than a cent by May 14. However, on May 20, LUNA remains the most trending cryptocurrency searched on CoinMarketCap.
With a market cap of $918 million, LUNA is trading at $0.00013 per coin. The market for this coin quickly melted down within four days. As a result, the stablecoin lost $18 billion. This affected not only the stablecoin UST but also all networks built upon it, duch as LUNA, whose price plummetted from $62 per coin down to a fraction of a penny.
LUNA is currently trading at $0.00013 with a 1% increase | Source: LUNA/USD price chart from Tradingview.com
Tax Authorities Fined LUNA Founder For Avoiding Taxes
In order to investigate, both South Korean regulatory bodies, the Financial Supervisory Service and the Financial Services Commission called the local cryptocurrency exchanges to submit the transactions data.
The information requested from the local exchanges includes trade volumes for LUNA and UST as well the number of investors who have suffered losses because their investments declined during this time period.
On the data request, a local exchange operator, Yonhap, said;
It seems that they collected this information in order to minimize damage to investors in the future.
The Korean National Tax Service has found that Terra's parent firms have avoided paying corporate and income taxes. The company moved LUNA from its...
|  | Trade Minister Expects Russia to Legalize Cryptocurrency
Cryptocurrencies will be eventually legalized, a member of the Russian government has opined. The question is when this will happen, Trade Minister Denis Manturov stated as new crypto-related legislation advanced in the State Duma this week.Crypto Legalization Is Current Trend, Russian Minister Acknowledges
Cryptocurrency can be legalized in the Russian Federation, according to a statement by the country's Minister of Industry and Trade Denis Manturov, during the 'New Horizons' educational marathon organized by the Russian 'Knowledge' society. Quoted by the Tass news agency, the government official elaborated:
I think so… The question is when this will happen, how it will happen and be regulated. The central bank and the government are actively engaged in this. Everyone is inclined to understand that this is a trend of the times, and sooner or later, in one format or another, it will be done.
Manturov emphasized this should happen in accordance with the laws and rules that are yet to be adopted and formulated. Russian authorities have been mulling over the future status of cryptocurrencies and related activities such as trading and mining this year, with two opposing views clashing during the deliberations.
While the Central Bank of Russia proposed a blanket ban on crypto operations, citing threats to the country's financial system, the Ministry of Finance believes they should be regulated rather than prohibited and has submitted a new draft law 'On Digital Currency' w...
|  | ATOM Might Trade Below Its Immediate Support Level Despite A Recent Rall...
ATOM had displayed optimistic price action recently after the coin rallied close to 14% a little over 48 hours ago. The coin had managed to undo the loss of 21% that it incurred in the past week with its recent rally.
Bearish sentiments are still present across the whole industry and altcoins have also walked along the same price sentiment. Ever since ATOM revisited its all time high in the month of January this year, the coin has struggled to release itself from the grasp of the bears.
At the time of writing, Cosmos (ATOM) was the 28th biggest crypto by market capitalisation as seen on CoinGecko.
Bitcoin again slid below the $30,000 mark while Ethereum struggled to trade above the $2000 price level. The global cryptocurrency market cap today was at $1.32 Trillion after a fall of 4.6% in the last 24 hours.
ATOM Price Analysis: One Day Chart
Cosmos (ATOM) was trading at $10.57 on the one day chart | Source: ATOMUSD on TradingView
Cosmos (ATOM) was trading for $10.57 at the time of writing. Gradual push from the bears have caused the digital asset to trade below its resistance lines. At press time, the coin was trading close to its immediate support level because the market received a fall in buying strength.
Over the last 24 hours, the altcoin registered a sharp fall by 9% forcing the coin trade near the local support.
Immediate resistance for ATOM stood at $13.73 and to trade above the same ATOM would need support of the buyers. Volume of the coin traded depicted bearishness...
|  | Derivatives, Spot Markets, Dex Swaps — 30 Day Crypto Trade Volumes...
Digital currency markets have been tumultuous during the past month as bitcoin shed 15.43% and ethereum dropped 17.49% against the U.S. dollar. Moreover, crypto spot volumes are down 18.95% lower than the month prior, and both futures and options volumes were down in April as well. Lower than average trade volumes typically suggest overall interest has declined, and investors may be waiting on the sidelines for lower prices.April's Crypto Market Spot Volumes Slip Close to 19% Lower Than Last Month
The crypto economy ended the month of April in the red, as most digital assets suffered losses during the last few weeks. At the time of writing, all ten of the top crypto assets are down significantly as they lost between 10.39% to 31.43% during the trailing 30 days. Metrics further indicate that April's cryptocurrency exchange volumes dropped 18.95% lower than in March.
As of May 1, 2022, bitcoin lost 15.43%, ethereum dropped 17.49%, BNB slipped by 10.39%, solana slid 31.43%, and XRP lost 25.27% over the last 30 days. Trailing 30 day data indicates that terra is under 27.66%, cardano dropped 31.39%, but dogecoin only shed 3.46% this past month.
Statistics show that during the month of March, $739.4 billion in trade volume was recorded, in terms of overall crypto spot market volume. April's spot volume, according to the Block's Legitimate Index and Crypto Compare metrics, came in at $599.22 billion.
30 Day Crypto Derivatives Volume Slide, Dex Volumes Slip, NFT Sales Increased by ...
|  | Value Locked in Defi Drops Below $200 Billion, April's Dex Trade V...
While the crypto economy shed billions this week, the total value locked (TVL) in decentralized finance protocols slipped under the $200 billion range to $196.6 billion. The TVL in defi lost roughly 3.16% during the last day, and the $592 billion in smart contract protocol tokens dropped in value by 3.5% over the last 24 hours.Defi TVL Slips Below $200 Billion, Numerous Protocols Shed Billions, Dex Trade Volume Dives
The value locked in defi has slipped under the $200 billion mark for the first time since March 16, 2022. At the time of writing the total value locked (TVL) is roughly $196.6 billion, down 3.16% during the last 24 hours.
All ten of the top defi protocols, except for Anchor, have seen significant 30-day TVL percentage declines. Curve Finance is down 11.74%, Lido has lost 13.73%, Makerdao shed 16.81%, and Convex Finance has lost 10.59% since last month.
The biggest loser during the last 30 days is the Aave Protocol which lost 21.98% since last month. Curve Finance is the leading defi protocol as it dominates by 9.56% with today's TVL of around $18.8 billion.
The TVL held on Ethereum-based defi protocols still rules the roost today with 55.55% dominance or $109.21 billion today. Terra blockchain is the second largest in terms of defi TVL with 14.36% of the $196.6 billion. Terra's TVL today equates to $28.23 billion and $16.48 billion resides in Anchor.
Behind Ethereum and Terra, in terms of defi TVL size, includes blockchains such as BSC ($12.04B), Avalanche ($9.3...
|  | Telegram Users Can Now Trade TON —In Telegram and OKX
On April 26, the TON Foundation announced a new bot that enables cryptocurrency transactions using The Open Network's token TON inside the Telegram app.
This new feature will benefit the more than 550 million users using Telegram, who will be able to send and receive TON without zero fees benefiting from the blockchain once envisioned by Telegram.
The feature launched on April 28, the day TON will be available for purchase on OKX, a Malta-based cryptocurrency exchange previously know as OKEx.
#Toncoin’s ticker has been changed to TON on @okx
The exchange will begin accepting deposits on April 28, starting at 3:00 am UTC, and spot trading will resume at 5:00 UTC.$TON withdrawals will be open starting April 29 at 9:00 am UTC.
https://t.co/PAAjpPAG3Q pic.twitter.com/ndB9vzQJS2
— TON (@ton_blockchain) April 27, 2022
Will Toncoin Live Up To The Community's Expectations?
With this new feature, Telegram has the potential to compete against other social media platforms such as Twitter, which since last year has been supporting tips in Bitcoin and Ethereum and recently partnered with Stripe to add payment features via the Coinbase-created stablecoin, USD Coin (USDC). Other social media sites with similar approaches are Reddit and even Whatsapp, with its fiat-powered Whatsapp Pay feature available in Brazil and India.
According to the Foundation, the goal of this new feature is for users to be able to make transactions as easy as sending a text message, avoiding the compli...
|  | Biggest Movers: STEPN GMT Remains Close to Record Highs, as GRT and CAKE...
Following a short-lived move above $4.50 on Wednesday, GMT was once again higher, and traded up by over 20% in today's session. GRT was another big gainer in Thursday's session, as it moved to a multi-week high, whilst CAKE rebounded after recent losses.
The Graph (GRT)
Newly formed GMT was undoubtedly today's top gainer, climbing by over 20%, however due to its infancy in the markets, there is not enough history to support a true technical view of its price movement.
However, another token with similar initials also conjured up double-digit gains on Thursday, and that is in fact GRT.
GRT/USD rose to an intraday high of $0.4084 during today's session, which saw its price up by over 11% earlier in the day.
This peak follows on from a low of $0.3472 on Wednesday, which was close to its long-term support level of $0.3410.
Bulls have since carried prices from support to a now resistance level of $0.4040, which has now held, as earlier gains have eased.
GRT is now trading at $0.3779, whilst the 14-day RSI is also hovering below its own ceiling of 50.13, which could be the main obstacle preventing price from climbing back above $0.4000.
Pancakeswap (CAKE)
CAKE rebounded from a recent multi-week low on Thursday, as bulls seemed to have re-entered, following Tuesday's engulfing bear candle.
As of writing, CAKE/USD hit a peak of $8.37 earlier in the day, as prices moved away from a recent support level.
This floor was at $7.40, and comes after a marginal breakout, which took price ...
|  | Bank of Russia Seeks to Allow Stock Exchanges to Trade Digital Assets
The Central Bank of Russia has recently proposed authorizing traditional stock exchanges to operate in the digital assets market. Industry watchers say the regulator aims to provide investors with an option to trade cryptocurrencies in a controlled environment.Russian Stock Exchanges to List Digital Financial Assets, Central Bank of Russia Suggests
Stock exchanges and central clearing counterparties may be allowed to facilitate the trading of digital financial assets (DFAs), a collective term encompassing cryptocurrencies and tokens under current Russian law. The proposal was put forward by the Central Bank of Russia (CBR) at a meeting with exchanges, brokers, and information system operators, a group of entities to which crypto platforms pertain.
Representatives of the Moscow Exchange, SPB Exchange, major brokers, and information system operators that have the right to issue digital financial assets met with Bank of Russia officials behind closed doors on Tuesday, the Kommersant reported. The discussions were focused on the new plan to organize the trading of DFAs and utilitarian digital rights (UDRs) drafted by the CBR.
Some crypto-related activities in Russia were regulated with the law 'On Digital Financial Assets,' which went into force in January 2021, including issuance of digital coins (digital financial assets) and fundraising through tokens (digital rights). However, other operations such as mining and trading, as well as the circulation of cryptocurrencies, remaine...
|  | NFT Trade Volume Jumped 23% Higher This Week Capturing Close to $1 Billi...
Non-fungible token (NFT) sales have increased by 23.56% over the last week, as $945.2 million in sales were recorded across 15 different blockchains during the last seven days. NFT sales stemming from Ethereum jumped 29.16% in seven days, gathering $863.2 million in sales or 91.32% of the $945.2 million in sales. One particular NFT collection called Moonbirds has bolstered most of this week's NFT sales volume. NFT Sales Spike This Week, Volume Fueled by Moonbirds Sales
Following last week's slight uptick in NFT sales, which increased 3.35% and gathered $658.4 million in sales in seven days, this week's NFT sales action improved a great deal. On Monday, April 25, cryptoslam.io's seven day metrics indicate that there's been $945.2 million in sales recorded. The overall sales derive from 15 different blockchains and while Ethereum sales were the most dominant, Binance Smart Chain (BSC) NFT sales jumped 39.95% and Fantom's sales volumes jumped 31.05% this week.
The project that has helped NFT sales this week is Moonbirds, even though seven day Moonbirds statistics indicate the collection's sales are down 40.58% from the week prior. This past week's sales saw approximately $165,080,212 in Moonbirds sales among 1,309 buyers and 1,821 transactions. One particular Moonbirds sale, Moonbirds #2642, sold for 350 ether or more than $1 million at the time of settlement, which took place 24 hours ago on Opensea. Moreover, two more Moonbirds that were sold this past week came awfully close...
|  | Metaverse Will Be Most Popular Place to Buy, Trade, Store Cryptocurrency...
The metaverse will become the most popular place to buy, sell, and trade cryptocurrency, according to a recent survey. In addition, 70% of respondents agreed that 'cryptocurrency and blockchain technology advancements will be critical to shaping the future of the metaverse.' Survey: Metaverse Will Be the Most Popular Place for Crypto
Nasdaq-listed Agora (NASDAQ: API), a video, voice, and live interactive streaming platform, conducted a survey on the metaverse and published the results Tuesday.
The company asked 300 U.S.-based developers a set of questions 'to learn more about what they thought about the metaverse and what we will see in the coming years,' Agora detailed. Developers were surveyed because for them, 'the growth of the metaverse allows the development of new communities and allows them to better connect with users,' the company explained.
According to the results:
57% of respondents think that the metaverse will become the most popular place to buy, store and trade cryptocurrency, while 18% disagree and 25% feel neutral.
In addition, 70% agreed that 'cryptocurrency and blockchain technology advancements will be critical to shaping the future of the metaverse,' while 9% disagreed.
Regarding non-fungible tokens (NFTs), 'The majority of developers are bullish on NFTs and believe they will become the biggest [currency] in the near team,' the survey results note.
Survey participants were also asked who they think will own the metaverse. 55% of respondents said Meta...
|
More Unitrade (#TRADE) News
|
|
|
Crypto Coin Prices and News 