Category Archives: Cryptocurrency

From Swiss Alps To Maldives: Luxury Hotels Where You Can Pay With Bitcoin, Ethereum, Dogecoin – Benzinga

October 12, 2023 3:11 AM | 2 min read

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Global luxury hotels are capitalizing on the cryptocurrency trend, offering their customers the chance to pay for their stays as well as additional services with digital assets.

What Happened: According to a recent report by Luxury Lifestyle Magazine, the luxury market is witnessing a surge in cryptocurrency payments. This shift is driven by the rising population of cryptocurrency millionaires eager to explore new avenues to expend their digital fortunes.

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The following are five luxury hotels where Bitcoin (CRYPTO: BTC) and other cryptocurrencies can be used for payments:

The Chedi Andermatt: This plush hotel in the heart of the Swiss Alps accepts payments in Bitcoin and Ethereum, courtesy of a collaboration with Worldline and Bitcoin Suisse.

See Also: EXCLUSIVE: Next Generation Of Investors Drives Robinhoods 24/7 Trading, Crypto, Savings Offerings

The Dolder Grand: This Swiss luxury hotel provides customers with the option to pay in Bitcoin, Ethereum (CRYPTO: ETH) , or Litecoin.

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Burj al Arab: Situated in Dubai, this landmark hotel accepts Bitcoin payments, aligning with Dubais vision to evolve into a global epicentre for blockchain technology.

The Pavilions: This resort in Phuket, Thailand, facilitates payments in 40 different digital currencies through a partnership with Coindirect. This includes Bitcoin, Ethereum and even Dogecoin (CRYPTO: DOGE)

Soneva Hotels: Based in the Maldives, Soneva Hotels not only accepts Bitcoin and Ethereum payments but also offers guests the chance to acquire private villas on the islands with these digital currencies.

These luxury establishments are endorsing cryptocurrency as a safer and more convenient mode of transaction for their wealthy clientele.

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Read Next: EXCLUSIVE: Fireblocks CEO Calls Bitcoin An Insurance Policy Against Government Collapse

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From Swiss Alps To Maldives: Luxury Hotels Where You Can Pay With Bitcoin, Ethereum, Dogecoin - Benzinga

Help Us Solve Aging With Cryptocurrency – Lifespan.io News

If you want to contribute to Lifespan.io and use cryptocurrency, there is a great opportunity happening right now to support our work!

To do this, we need your support. Your charitable contribution tranforms into rejuvenation research, news, shows, and more. Will you help?

We promote the advancement of medical technologies that will increase healthy human longevity. By sponsoring, democratizing, and funding aging research, combined with responsible journalism, we aim to accelerate this important goal for all humankind.

Lifespan.io is a non-profit organization, and we rely on donations to support our important work, including top-tier education and edutainment, research, crowdfunding, and responsible journalism on aging research. We are currently fundraising on Giveth as part of our Optimism Round. You can find our fundraiser over at the Lifespan.io Giveth page in the health and wellness section of this fundraising event.

Giveth is a non-profit organization that focuses on facilitating donations and fundraisers. They aim to connect donors with causes they care about and provide a platform for individuals and organizations to raise funds for various charitable projects.

Probably the best thing about donating via Giveth is that any and all donations will be matched. This means that even small donations can become even more impactful.

Your generous donations will be used to further:

Finally, check out the Lifespan.io President, Keith Comitos fundraiser on Gitcoin. He has been very active in the blockchain/crypto community and at the forefront of developing tools for public goods as well as for decentralized science.

He has spent years contributing to the development of Lifespan.io, all while working a fulltime job, and for no personal gain. The tools he has created are helping to fund aging and rejuvenation research and bringing in support from the DeSci and cryptocurrency communities.

Since first joiningtheGitcoincommunity as acause round curatorinMay 2021Ive been able to leverage my expertise inleading grassroots movements(such as forlongevity researchwithLifespan.ioandVitaDAO) and skills as a high-impacttechnology inventorto bring inmany new membersinto the Gitcoin ecosystem, foster the creation oflarge-scale PR initiativesto raise awareness, and work with Gitcoin leads tocreate new regenerative funding modelsfor public goods.

We understand that not everybody has a crypto wallet or wants to get involved with cryptocurrency. But, if you would still like to help us continue our advocacy, education, and newsmaking, there are many other ways you can donate and help out.

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Help Us Solve Aging With Cryptocurrency - Lifespan.io News

r/CryptoCurrency Moons (MOON) Do the Risks Outweigh the … – InvestorsObserver

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Thursday, October 12, 2023 06:39 AM | InvestorsObserver Analysts

r/CryptoCurrency Moons receives a high risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a token can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk.

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Network of cryptocurrency ATMs to roll out across New Zealand – 1News

A network of cryptocurrency ATMs are being launched across the country as one of the world's largest cryptocurrency kiosk operators expands its service to New Zealand.

Founded in 2015, American company Olliv has a network of more than 4000 ATMs across the globe. So far, there have been 10 established in New Zealand since late last month.

Australian director Matt Pook said that New Zealand is a "really great market due to the lack of availability for crypto here".

Recent figures from Inland Revenue found that one in 10 Kiwis had crypto currency holdings.

Several New Zealand-based companies have tried to launch crypto ATMs, but none have lasted.

University of Auckland associate professor of commercial law Alex Sims said it's really hard for businesses using digital assets to get and keep a bank account, making it very hard to do business.

"Something like Olliv coming in from overseas doesn't need a New Zealand bank account, so it's got a sort of unfair advantage over everybody else."

Sims believes that there should be more encouragement for similar New Zealand-based businesses.

"As I've said before, if you don't, people just go overseas with absolutely no protection, so yes, homegrown is better."

Pook assures customers that Olliv is safe to use.

"Customer safety is our number one priority, we're a compliance-focused and compliance-led organisation, so one key factor and one selling point for our crypto ATMs is we offer a self-custody model so customers are in control of their own funds from the beginning of their journey until the end of their journey and we think that's a really important distinction to make."

"We use the same kind of automated systems that the big banks and the credit card companies use to monitor transactions," he said.

Olliv is looking to establish up to 100 ATMs across New Zealand.

"We want to make it accessible, that's our main goal."

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Network of cryptocurrency ATMs to roll out across New Zealand - 1News

Dormant bitcoin wallets spring to life, moving millions in … – Investing.com

Investing.com|EditorRachael Rajan

Published Oct 10, 2023 01:38PM ET

Peckshield, a blockchain security firm, reported on Tuesday that two dormant Bitcoin wallets have recently become active. One wallet, known as "17TZNT," which had been inactive for six years, transferred 2995 BTC ($82.3 million) to new addresses. The wallet first received 3,200 BTC in May 2016 when Bitcoin was valued at $459. The value of Bitcoin has since surged by nearly 6000% to $27,703.

Another wallet reactivated after three years of dormancy and moved around 5,000 BTC ($140 million). These movements highlight an awakening trend among dormant Bitcoin addresses from the early days of Bitcoin, especially those dating back to 2012. BTCparser data confirmed that four such addresses transferred a total of 653 BTC ($18.25 million) in October transactions.

BitInfoCharts reported yet another transaction involving an inactive Bitcoin wallet that transferred 1,037 BTC ($31 million) at block height 799701 on April 11, 2012, when Bitcoin was worth $4.92 as confirmed by Lookonchain. This transaction occurred at 10:51 am UTC on July 22, 2023, when Bitcoin was valued at $29,956.

The resurgence of these "vintage coins," including rare sightings from 2010 addresses, has contributed to substantial value gains and adds an intriguing chapter to cryptocurrency history. The reasons for this activity and its potential impact on Bitcoins price are unclear, with rumors suggesting that original holders, referred to as OG's, may be targeted by malicious players.

According to Glassnode's data, $390 billion worth of Bitcoin, approximately 68.54% of the total circulating supply, has remained untouched for at least one year.

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How Cryptocurrency Is Reinventing the US Gambling Landscape – CoinCodex

Everyones talking about a revolution in monetary transactions because of cryptocurrencies. It all started with Bitcoin and the blockchain system. After , many other cryptocurrencies appeared. Investors and the IT sector realized that blockchain has more potential than originally planned.

The world of gambling is also facing a tremendous renovation at the hands of cryptocurrencies ever since they became a verified payment method at many online casinos. Thus, its time to discuss how cryptocurrency is reinventing the US gambling landscape.

Cryptocurrencies wouldnt have become so popular if it wasnt for their blockchain system. Thats because it enables transparency and decentralization of monetary transactions.

Following trends across the world, casinos started accepting crypto as a payment method. Thus, Americans could now use bitcoin as an option for casinos in the USA. That changed everything for the US gambling landscape.

Why? Gambling laws differ across the states. So, offering cryptocurrency as a payment method in US casinos improves the gambling reach and experience. Essentially, its legal to pay with Bitcoin when playing at casinos in the USA, even in states that havent yet legalized fiat online gambling.

As is the case with other payment methods at casinos, every cryptocurrency has different terms and conditions. This refers to any additional fees, duration of processing the payment, which cryptocurrencies are accepted, any restrictions and similar.

When the IT sector realized the potential of the blockchain system, investors boosted their ideas. Some of those investments led to the creation of online casinos on the blockchain system. Such crypto casinos accept only cryptocurrencies, unlike traditional ones. With this, crypto casinos bring new gaming experiences.

Having cryptocurrency as the only payment method may seem weird. But this way, players dont have to worry about the conversion of traditional, fiat currencies. There arent many crypto casinos yet, but their popularity is increasing every day. Players have realized that crypto casinos offer enhanced gaming experiences. They bring lots of benefits, but there are some flaws, too, which well look at next.

Crypto casinos dont require much information from players upon registration. This lets players stay anonymous while playing. Also, since every transaction is transparent, players are safe from any fraud.

Another great thing is faster transactions, especially withdrawing. In addition to this, transactional fees are lower. But one of the greatest things about casinos created on a blockchain is that theyre not limited by geographical boundaries. Players can play in any crypto casino they want. The only thing they need is to have an e-wallet with some cryptocurrencies available to play with.

As any crypto owner knows, these coins have higher volatility than fiat currencies. So, as the value of cryptocurrencies is constantly changing, players cannot be sure whether theyll get more or less than deposited.

However, the main problem is that they function without government regulations. They have licenses given by the jurisdictional institution, though. But, without a regulatory body, its hard to keep track of gambling funds.

Cryptocurrencies led to a completely different experience of playing at online casinos. This is especially meant for those who use only cryptocurrency as a payment method. Even though there are some regulations that differ from country to country, its possible to pay with cryptocurrency at online casinos. One thing is sure and thats that a new era is approaching.

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How Cryptocurrency Is Reinventing the US Gambling Landscape - CoinCodex

Cryptocurrency Market Sees More than $78 Million Inflows … – Bitcoinsensus

The cryptocurrency market is on a significant uptick, with increasing inflows amounting to $78 million. This movement is the most substantial weekly figure for the industry since July 2023. CoinShares highlighted in a recent market report that this surge indicates renewed investor interest in crypto products across multiple regions.

The past two weeks show a positive turnaround after a period marked by outflows, also driven by declining market values and regulatory uncertainties, especially in the US. Notably, exchange-traded products (ETPs) witnessed a 37% growth in the past week, reaching a total of $1.13 billion.

Bitcoin ($BTC) emerged as the primary beneficiary of the recent market activity, receiving an inflow of around $43 million. However, short Bitcoin positions are also on an uptick, which has already secured gains for its traders, amounting to $1.2 million.

While Bitcoin has been the standout performer, Ethereum ($ETH) also experienced a boost. Notable movements came after the introduction of six Ethereum exchange-traded funds (ETFs). However, the report noted that the institutional sentiment towards Ethereum was not as strong as it was back in 2021. Ethereums recent performance which saw outflows of $1.5 million for seven consecutive weeks indicates this sentiment.

Solana ($SOL) remains one of the favorites among institutional investors. The altcoin witnessed inflows worth $24 million last week, recording its highest since March 2022. Solana has maintained a consistent performance, with 27 consecutive weeks of inflows and only four net outflows this year. Despite significant Ethereum product launches, Solanas position remains strong in the market.

Europe emerged as the dominant player in crypto product inflows, indicating a substantial shift in regional dynamics within the crypto market. Last week alone, Europe accounted for 90% of the total inflows, leaving the US and Canada to share the remaining 10%, which only amounted to $9 million. Germany and Switzerland were at the forefront, contributing $37.3 million and $31.3 million, respectively.

Europes dominance is attributed by experts to clearer regulatory frameworks in the region. The US, meanwhile, continues to grapple with regulatory challenges and other concerns, as seen from its ongoing legal battles involving major regulatory bodies like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

The crypto market is showing signs of revival after years of extreme volatility, with inflows indicating renewed investor confidence. While Bitcoin remains the primary attraction, altcoins like Solana are also gaining traction. If the market sustains the current positive trend, we might be seeing a bullish road ahead for the entire industry.

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Cryptocurrency Market Sees More than $78 Million Inflows ... - Bitcoinsensus

Best Trading Bot: Automated Software for Cryptocurrency and Forex … – Robotics and Automation News

In an age where digital assets are reshaping the financial world, having the right tools at your disposal isnt just recommended its imperative.

Imagine harnessing the power of machine intelligence to execute trades for you while mitigating losses and boosting profits. Welcome to the transformative realm of trading bots!

This blog post navigates the intricate labyrinth of automated software, focusing on top-notch solutions for both cryptocurrency and Forex trading.

Get ready to empower your earnings and redefine your trading strategies with our comprehensive compilation of 2023s best trading bots, including those from immediate definity ai.

Buckle up profitability is no longer a roll of dice, its an algorithm!

There are several trading bots available in the market, each offering different features and functionalities. Some of the most popular options include Coinrule, Phemex, Pionex, and Shrimpy.

Its important to do your own research to determine which bot aligns with your specific needs and risk tolerance. Additionally, before using any trading bot, its crucial to exercise caution and only invest what you can afford to lose.

In the fast-paced world of cryptocurrency and forex trading, utilising automated software or trading bots has become increasingly popular among traders. These sophisticated programmes offer a range of key capabilities that can help traders execute trades efficiently and effectively.

Here are some of the primary capabilities to look for in the best trading bots:

Now that we understand the key capabilities that make up an excellent trading bot, let us explore the advantages and drawbacks of automated trading.

Automated trading using sophisticated software brings both benefits and potential pitfalls for traders. It is important to understand the advantages as well as the drawbacks to make an informed decision about whether automated trading is suitable for your individual circumstances.

Trading bots have emerged as powerful tools for traders in the cryptocurrency and forex markets. These automated software platforms offer a wide range of benefits to traders, enhancing their trading experience and potential profitability.

One of the key advantages of using trading bots is their ability to operate 24/7 without human intervention. The cryptocurrency market, in particular, never sleeps, and price movements can occur at any time.

With a trading bot, you can take advantage of these opportunities even when youre away from your computer or asleep. This ensures that you dont miss out on potential trades and allows you to capitalise on market fluctuations round the clock.

Another benefit of trading bots is their ability to analyse vast amounts of data and execute trades with speed and accuracy. These bots are equipped with advanced algorithms that can process market signals, indicators, and historical data in real-time.

This enables them to make informed decisions based on predefined rules and strategies. By removing human emotions and biases from the trading equation, trading bots can help eliminate errors that may arise due to impulsive decision-making or emotional trading.

Furthermore, trading bots provide an opportunity for backtesting strategies. This means that you can simulate different trading scenarios using historical data to assess how well your strategy would have performed in the past.

By backtesting your strategies, you can refine and optimise them before deploying them with real money. This feature also helps traders gain confidence in their approach and understand the potential risks involved.

Additionally, many trading bots offer social trading features where users can copy the strategies of successful traders or join trading communities for insights and discussions. This creates a collaborative environment where users can learn from each other and leverage the knowledge of experienced traders.

For instance, imagine being part of a vibrant trading community where members share their strategies, discuss market trends, and support each others growth as traders. Such an ecosystem offers valuable opportunities for learning, networking, and refining your trading strategies.

Lastly, trading bots can integrate with crypto tax software platforms like CoinLedger, simplifying tax reporting for cryptocurrency traders. This integration ensures accurate recording and reporting of taxable events, saving traders valuable time and enabling compliance with tax regulations.

Trading bots offer a multitude of benefits that can enhance traders efficiency, improve decision-making, and potentially boost profitability. However, its important to be aware of the potential downsides that come with utilising these automated tools.

While the advantages of trading bots are compelling, its crucial to also consider the possible downfalls one may encounter when using these automated software platforms.

While trading bots can amplify trading capabilities in many ways, they are not without their limitations. Its essential to approach their use with caution and fully understand the potential risks involved.

One possible downfall is that not all trading bots perform equally well in different market conditions. These automated systems are often designed to work best in stable and predictable market ranges.

During periods of significant market fluctuations or unexpected news events, trading bots may struggle to adjust quickly or make appropriate decisions. Market volatility could potentially lead to unexpected losses if the bots algorithms fail to anticipate sudden price swings accurately.

Furthermore, its important to note that although trading bots can provide powerful analysis and execute trades swiftly, they are ultimately dependent on the strategies and decisions made by the trader.

The effectiveness of a trading bot heavily relies on the traders ability to set up effective rules and indicators. Poor strategy selection or incorrect parameter settings can result in suboptimal performance or even losses.

Another potential pitfall is being overly reliant on the automation provided by trading bots. While automation can streamline processes and save time, its crucial for traders to remain actively engaged in monitoring their trades and staying updated with market trends.

Overreliance on automated systems without periodic review and adjustment could lead to missed opportunities or unintended consequences.

Despite these potential downfalls, its worth noting that trading bots can still be valuable tools for traders. They provide opportunities for increased efficiency and offer a means to leverage advanced technologies in the rapidly evolving cryptocurrency and forex markets.

When it comes to automating your trading activities, there are several reputable platforms in the market that can assist you. In this section, we will review some of the top automated trading platforms for cryptocurrency and forex trading in 2023.

One of the most well-known and trusted platforms is eToro. It offers a wide range of assets including stocks, ETFs, cryptocurrencies, and forex. What sets eToro apart is its copy trading feature, which allows users to replicate the trades of experienced traders.

This can be particularly beneficial for beginners or those who dont have the time or expertise to conduct extensive research on their own. Additionally, eToro is regulated by FCA, ASIC, and CySEC, providing users with an added layer of security.

Another platform worth considering is AvaTrade, primarily an online trading platform that also supports MetaTrader 4 for automated trading. AvaTrade offers thousands of financial instruments and is known as a commission-free broker.

This makes it a popular choice among traders who want access to a wide range of assets without incurring additional fees. However, its important to note that while AvaTrade provides excellent trading features, it does not offer the copy trading functionality provided by eToro.

For those interested specifically in crypto trading bots, Dash2Trade is a new platform set to launch in 2023. Developed by experts from Learn2Trade, Dash2Trade aims to provide advanced trading signals and other tools for informed decision-making in the cryptocurrency market.

While still relatively new in the industry, Dash2Trade shows promise as a comprehensive solution for automated crypto trading.

Lastly, we have Learn2Trade, a well-established trading signal provider that offers real-time suggestions based on advanced technical and fundamental research.

Learn2Trade sends signals via Telegram, allowing traders to stay updated wherever they are. While Learn2Trade doesnt offer direct automation of trades, its timely signals can be valuable in guiding your trading decisions.

When choosing an automated trading platform, its important to consider factors such as the level of automation desired, the legitimacy and reputation of the platform, fees associated with using the platform, exposure to different types of assets, and regulatory oversight.

Each platform has its strengths and weaknesses, so its crucial to evaluate them based on your individual needs and preferences.

Now that we have reviewed some top automated trading platforms, lets dive into the examination of top crypto trading bots for those specifically interested in cryptocurrency trading.

Crypto trading bots have gained popularity among traders looking to automate their cryptocurrency trading activities. These bots can analyse market trends, execute trades, and potentially increase profits. However, choosing the right crypto trading bot requires careful consideration. Lets examine some of the recommended options for 2023.

One highly regarded bot is ArbitrageScanner, known for its expertise in tracking price differences between more than 75 cryptocurrency exchanges. This bot specialises in taking advantage of arbitrage opportunities by automatically scanning for price disparities across different platforms. It also provides free training to users, making it accessible for both beginners and experienced traders.

Another prominent crypto trading bot is Pionex, which stands out due to its support for multiple exchanges. Pionex allows users to deploy customizable strategies and offers various built-in tools for technical analysis. With its user-friendly interface, Pionex appeals to traders who value flexibility and want to take full advantage of multiple exchange offerings.

For advanced technical analysis capabilities, HaasBot is a popular choice among experienced traders. HaasBot integrates with technical indicators and charting tools, enabling users to customise their strategies based on their specific requirements. This high level of customization makes HaasBot an attractive option for traders who want to have extensive control over their trading activities.

CryptoHopper is another noteworthy cloud-based platform that offers various features for automated crypto trading. It provides users with backtesting tools to evaluate strategies before implementing them in live trading. CryptoHopper also offers different subscription plans, catering to the diverse needs of traders at every skill level.

Each crypto trading bot has its own set of strengths and weaknesses, so its important to carefully consider factors such as profitability, security, customizability, supported exchanges, developer reputation, community support, user interface, strategy options, backtesting capabilities, as well as reviews and ratings from other users.

By understanding these aspects and evaluating them in relation to your trading goals and preferences, you can make an informed decision on which crypto trading bot suits your requirements.

In the world of cryptocurrency and forex trading, automated trading bots have become invaluable tools for traders seeking to capitalise on the volatile market movements.

These bots offer features that help traders execute trades at any hour, predict price movements, and refine their trading strategies.

With a plethora of options available, it can be overwhelming to choose the right bot for your trading needs. Here are some highly recommended bots that have proven their effectiveness in the field.

Coinrule is a popular choice among traders due to its user-friendly interface and powerful automation capabilities. It offers a range of features such as rule-based trading, backtesting, and social trading.

With Coinrule, traders can create customised trading rules based on various indicators and signals and execute trades automatically when those conditions are met.

Additionally, Coinrule provides a free trial period for users to test the platform before committing to a subscription plan. This allows traders to familiarise themselves with the bot and assess its suitability for their trading strategies.

Phemex is another excellent option for both cryptocurrency and forex traders. What sets Phemex apart is its unique futures grid trading feature, which allows users to automate their trading strategies through a grid system.

This system involves placing multiple buy and sell orders at predetermined intervals, taking advantage of price fluctuations within a given range. The intuitive interface and advanced order types offered by Phemex make it an attractive choice for experienced traders looking to optimise their trading activities.

Pionex stands out with its diverse range of 16 built-in trading bots designed specifically for cryptocurrency markets. These bots cover various trading strategies such as grid trading, arbitrage, AI-powered algorithms, and more.

Pionex has also partnered with CoinLedger, a leading crypto tax software provider, ensuring seamless integration between the bots trading activities and tax reporting requirements. This makes Pionex an ideal choice for traders looking for a comprehensive solution that combines automated trading with efficient tax management.

Shrimpy is a portfolio management platform that also offers automated trading tools, making it suitable for both beginners and experienced traders.

It provides features like portfolio rebalancing, index investing, and social trading, allowing users to create well-diversified portfolios and automate their trading strategies accordingly.

With Shrimpy, traders can connect to popular exchanges, track multiple assets in real-time, and execute trades automatically based on predetermined allocation percentages.

This platforms user-friendly interface and comprehensive features make it a compelling option for those seeking hassle-free portfolio management coupled with automation capabilities.

These recommended bots have established themselves as reliable choices in the cryptocurrency and forex trading realm. However, its essential to approach these tools with caution and scepticism.

While they offer valuable features and can assist in executing trades more efficiently, it is important to remember that the effectiveness of a trading bot ultimately depends on the traders own strategies and decisions.

Additionally, its crucial to be aware of the limitations of trading bots. Despite their advanced algorithms, these bots tend to perform well in predictable market ranges but may struggle during significant market fluctuations or abrupt changes in trends.

Its always advisable for traders to stay informed about market conditions, conduct thorough research, and seek guidance from experienced professionals before relying solely on automated systems.

Think of these bots as powerful tools in your trading arsenal, much like a carpenter who has access to high-quality power tools. While the tools can significantly enhance their efficiency and precision, it is still the carpenters skills and decision-making that determine the quality of the final product.

Ultimately, finding the right bot for your trading needs requires careful consideration of your specific goals, risk tolerance, and trading strategies. Its essential to thoroughly research each bot, try out their trial versions if available, and seek recommendations from trusted sources within the trading community.

By understanding the strengths and limitations of different bots, traders can leverage automation to optimise their trading activities while exercising informed decision-making.

Please remember this is not a financial advice website and no article on this website, including this one, should be misinterpreted as being financial advice. Thank you.

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Hamirpur residents duped of Rs 50 crore by cryptocurrency fraudsters – The Tribune India

Our Correspondent

Hamirpur, October 11

Cryptocurrency scammers have duped residents of Hamirpur district of over Rs 50 crore. A number of people had reportedly invested their hard-earned money in cryptocurrency through agents to multiply it in a short time.

Earlier, the police had registered cases on the complaints of 11 persons who had been defrauded of over Rs 14.50 crore. Now, 18 persons had filed complaints about cryptocurrency frauds. Some agents of cryptocurrency scammers, who had lured people into investing money, had also lodged complaints to evade police action.

The Zirakpur police had arrested Sunil Kumar, a former police constable, and Ashwani Kumar, both belonging to Puthiana village in Nadaun of Hamirpur district, in a cryptocurrency fraud case. Many police personnel were allegedly involved in the fraud. They had either invested in the money trail or influenced people to invest in cryptocurrency.

Meanwhile, many agents of the scammers had fled the district. Ashok Sharma, Additional SP, said that the police were receiving a number of complaints pertaining to cryptocurrency frauds.

#Hamirpur

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Hamirpur residents duped of Rs 50 crore by cryptocurrency fraudsters - The Tribune India

Introducing Damex App: Bridging Fitness and Finance through NFTs and Cryptocurrency – Yahoo Finance

Damex App

Singapore, Oct. 10, 2023 (GLOBE NEWSWIRE) -- What is The Damex App and What problem does it solve?

The Damex app is a smart finance application that aims to incentivize individuals to live a healthier lifestyle and earn financial rewards through the use of non-fungible tokens (NFTs) and their native cryptocurrency token, Damex Token. The inspiration for the application came during the Covid-19 lockdowns of 2021/22, where millions of people around the world suffered physically and mentally from the restrictions. The application seeks to support individuals in living a healthier life, educating them about cryptocurrency, promoting sustainability, and helping the environment by incentivizing people to walk more.

The fitness industry is a multi-billion dollar industry, and Damex aims to penetrate this market by gamifying the digital asset finance application experience. By using NFTs and their native token, the application offers unique incentives to individuals to engage in healthy activities, which can result in financial rewards. The Damex app is also aims to promote the use of cryptocurrency in everyday life and educate individuals and businesses about its benefits.

Overall, The Damex App addresses the problem of incentivizing individuals to live a healthier lifestyle while also promoting the use of cryptocurrency in everyday life.

DamexToken Overview

Token Name: DamexToken

Token Symbol: DAMEX

Total Supply: 370,000,000 DAMEX

Circulation Supply:1,000,000

Coinstore.com Listing

Trading Pair: /USDT

Deposit time2023/04/30 21:00UTC+8

Trade time2023/04/27 21:00UTC+8

Withdrawal time2023/04/30 21:00UTC+8

What are the utilities of tokens? The Damex Token has multiple utilities within the Damex ecosystem. Here are some of the main utilities:

Incentivizing and rewarding users: The token is used to incentivize and reward users for completing challenges and tasks within the Damex app. Holding Damex Token tokens also unlocks access to premium features and benefits.

Governance and voting: The Damex token holders have the ability to participate in governance and voting on key features such as token listings, app features, and more.

Zero exchange fees: Users who stake 5,000 Damex Tokens can enjoy zero exchange fees on the Damex platform.

Access to premium membership: Holding Damex Tokens also unlocks access to Damex Premium Membership, which includes benefits such as more cashback, early access to new features, and more.

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Overall, the Damex Token is designed to be a versatile utility token that incentivizes user participation and provides access to premium features within the Damex ecosystem.

Which part does the project ecosystem include?The Damex Token project ecosystem includes the Damex Token, which is the native app utility token that will be used to incentivize and reward users, providing them access to governance and voting on key features such as token listing and app features. The token economics include a total supply of 370 million, with a breakdown of 50 million for the team/human resources, 80 million for the token sale, 80 million for partnerships, consultants, and shareholders, and 160 million for liquidity, rewards, and customer acquisition. The token sale structure includes private sales with different investment levels, token sale prices, and vesting periods. There is also a public sale with a maximum investment of 19K and a token sale price with no vesting period. The use of funds includes ecosystem liquidity/customer acquisition, legal and products, marketing, and human resources. The project aims to acquire a minimum of 4 million users in the next 36-48 months, with 40,000 premium users staking 5,000 Damex Token each, equivalent to 200 million tokens or 66% of the total circulating supply. The core Damex Token will be created on Ethereum and then bridged to Solana, BSC, and others. The Damex app step goals include a buyback program, quarterly financial statements, voting and governance, and in-app utility such as staking and premium subscription benefits.

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Disclaimer: The information provided in this press release is not a solicitation for investment or intended as investment advice, financial advice, or trading advice. It is strongly recommended that you practice due diligence (including consultation with a professional financial advisor) before investing in or trading securities and cryptocurrency

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