Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

As Crypto Competition Intensifies, How Should CoinEx Futures Stand Out?

Over the past year, the trading volume of futures had surged. Thanks to the crypto bull of 2021, a wide range of decentralized projects have flourished, which has catalyzed the growth of the futures market. As the crypto bull advanced, the futures market remained popular throughout 2021. Right now, it has even surpassed the spot market and become the mainstream investment choice among crypto users. Meanwhile, the trading volume of futures has reached new highs despite the switch to a bear market. Earning multiplied returns by trading futures is one of the primary ways to profit from a bearish market. Driven by the increasing market recognition for the prospect of crypto futures, competition in this category has intensified. As a growing number of crypto investors foray into the futures market, the major crypto trading platforms are involved in fierce competition. Today’s futures market is a big cake, and only platforms with sound products may grab more shares. As a long-standing crypto trading platform, CoinEx started investing in the futures category a long time ago and has been committed to creating better futures products. The exchange is one of the earliest global crypto trading platforms with a full range of products and services. CoinEx took a long-term view when the spot market was flourishing and ventured into the derivatives market to provide users with versatile crypto products and services. This also laid a solid foundation for the growth of CoinEx Futures. In 2021, the trading volume of CoinEx Futures surged by 6,840% year-on-year, which was a huge breakthrough. In a market where the major crypto trading platforms are trying everything to take more shares of the futures market, how should CoinEx stand out? In the past, thanks to their strong resource reserve and funding capacity, large trading platforms had an absolute advantage when competing with rivals in a new field. Moreover, compared with less established platforms, the giants are also more experienced in the futures segment. At the moment, the number of futures investors is on the rise, and their requirement for futures products has also become increasingly rigorous. Apart from market recognition, investors’ interests hinge on many other aspects, spanning the product experience, the number of trading pairs available, the rules of the funding rate, the Auto-Deleveraging (ADL) mechanism, insurance payments, and platform liquidity. At the end of the day, investors will come to realize that simple, easy-to-use products and professional, satisfying services are the crucial factors that attract them to a trading platform and persuade them to stay. Recently, CoinEx has upgraded its slogan to “Making Crypto Trading Easier”, which indicates that CoinEx Futures will also shift towards simplicity and ease of use through improvements. By offering simple futures products, CoinEx will shatter the high threshold of futures trading as investors used to believe. Meanwhile, the exchange also aims to allow all crypto investors to trade futures with ease, moving futures trading out of the realm that’s exclusive to professional traders. Most users who have traded futures on CoinEx are satisfied with its simple, easy-to-use features. First of all, with easy operations, convenient order placement, and clear position information, CoinEx users can trade futures through an extremely smooth process from the moment they start a position to the moment they close it. Secondly, before starting to trade futures on CoinEx, users can quickly master the key points through simulated operation tutorials provided by the platform, which help them avoid the common traps in futures trading. Finally, thanks to the all-inclusive, easy-to-use features, including TP & SL, one-click liquidation, and futures calculator, provided by CoinEx Futures, users can manage their positions effortlessly. CoinEx now features more than 100 futures markets where users can trade both linear contracts and inverse contracts, with multiple trading pairs available. In addition, the exchange uses a unique price mechanism called the Mark Price, which is determined by the futures price on many mainstream platforms and protects users from abnormal market swings. Meanwhile, CoinEx has also introduced multiple futures mechanisms, covering the Insurance Fund and Auto-Deleveraging (ADL), to guarantee zero clawback for liquidation. Many users have this misperception that “simple, easy-to-use products are never professional or secure”. In fact, the opposite is true — CoinEx Futures are backed by strong risk-control measures and security mechanisms, which enable smooth, secure, reliable futures trading services and help traders seize the first-mover advantage. It should be noted that CoinEx has never suffered any security breach since its inception 5 years ago. Though many of the top platforms faced scandals such as security attacks, CoinEx has managed to preserve its system security, allowing all crypto users to trade futures in a secure, steady manner on the exchange. Security is essential to the existence and growth of crypto trading platforms, while simple, easy-to-use futures products function as the cornerstone of the general crypto market. CoinEx is all set to stand out from its rivals amidst the cut-throat competition.  

Fun blockchain game that just launched

Hey you all! I have a fun net positive crypto game for you if you like! Started playing a new game and came across a twitter thread that I wanted to share. Wizards & Dragons How to start: Buy 2 wizards (prefferably gen0's because those cannot be stolen by dragons) [https://opensea.io/collection/wizards-dragons-game-v2] this will cost you…
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Luna/UST Discussion Megathread

In the past several hours, UST stablecoin lost its peg and dropped to as low as 69c to the dollar. As a result, the Luna token also saw severe drawdowns and the entire market braved volatility. Here is an explanation of what happened to UST/Luna: https://twitter.com/jonwu_/status/1523793482850050048 Other articles: https://www.coindesk.com/business/2022/05/09/ust-stablecoin-falls-below-dollar-peg-for-second-time-in-48-hours/ https://decrypt.co/99849/terra-stablecoin-peg-slips-despite-loan-bitcoin-reserves Additional resources: r/TerraLuna (the official…
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Analyst claims that exchanges sell your Bitcoin, crypto trading platforms respond

A crypto analyst claimed that staking Bitcoin within exchanges allows them to sell it to someone else; Cointelegraph reached out to the platforms for more info.

The Internet Computer (ICP) is down over 95% A Year after Launching

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Binance temporarily suspends LUNA, UST withdrawals citing network congestion

The market value of UST, Terra’s stablecoin offering, recently fell below the expected $1 price point as LUNA’s price witnessed a sharp decline owing to a significant selloff.

stuck eth transaction

Hello, 5 days ago I sent an ETH transaction with my ledger nano S, used too low of a gas fee like a fool now its stuck. I have tried resending the TXN of the same Nonce with metamask however I just get a fail message every time. Ledger support said they cannot do anything…
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Dragon War is Bringing the Most Exclusive NFT Collections to Magic Eden

NFT strategy game Dragon War has confirmed a partnership with Magic Eden, Solana’s fast-growing NFT marketplace. As part of the deal, the play-to-earn project will make Magic Eden its preferred INO launchpad, with 5,000 non-fungible tokens (NFTs) set to go live on the site on May 16, 2022. For the past several weeks Dragon War has been in test mode, and a number of high-profile guilds, VC partners, and KOLs have been busy exploring what the game has to offer and reporting bugs. With the full mainnet launch slated for this quarter, the upcoming NFT sale is a golden opportunity for players to acquire the tokens necessary to win battles, complete quests, climb the leaderboard and trade successfully. Magic Eden, Mammoth Sale Launched last September, Magic Eden has quickly grown to become the largest marketplace for Solana NFTs, with over three times the volume of second-placed Solanart. According to DappRadar, the venue supports a thriving community of traders and NFT collectors, who collectively power weekly trade volume exceeding $5 million. Which makes Magic Eden the perfect venue for Dragon War’s vast collection of NFTs. The 5,000 tokens that will be made available on May 16 as part of the Exclusive Epic Dragon collection marks the first time Epic Dragons and Body Parts will be introduced to the community (within the game, each dragon has a unique form based on its elements identified by body parts and fusion). So far, all Dragons and Body Parts introduced from the Game and its Marketplace have been part of the ‘Rare’ level. In the Dragon War game, players are tasked with assembling the most formidable Heroes and Dragons, the better to win PvE/PvP battles and complete missions. The project has tens of thousands of unique NFTs including Dragons which are rarified through a mix-matching mechanism of 5 Dragon Classes, 5 Elements, and 6 Body Parts with 6 different Rarity Levels for each. While the original price for the 5,000 Dragon NFTs was fixed at 0.75 SOL, the exclusive price for the public round on Magic Eden will be 0.5 SOL. The top 100 participants in the ongoing Open Test will be whitelisted for the INO (Initial NFT Offering), while the top 10 bug hunters become eligible for an additional Mystery Box. Ahead of the public launch, interested parties can familiarise themselves with instructions for participating in the test phase, which offers players the first chance to evaluate the release and the opportunity to snare the most exclusive NFTs from the highly anticipated Epic Dragon collection. There is no limit to the number of participants in the Open Test and each test account can be played only in a 7-day stretch, beginning at the first day of account creation. The main purpose is to make sure the in-game economics are sustainable and mutually beneficial for everyone. Additional details to join the Bug Hunter campaign can be found here. As well as hardcore gamefi users, Dragon War has attracted three major gaming guilds in MetaGaming Guild, Good Gaming Guild, and X8. Close to a dozen VC firms are actively bug-hunting, along with over 30 media partners, five KOL communities, and 200 influencers. Ready for War Conceived as a turn-based strategy game that blends elements of Axie Infinity and Heroes of Might and Magic, Dragon War will offer appealing features such as boss raids, a Massive Online Battlefield and guild wars, with familiar earning integrations like staking and farming also in the pipeline. There’s even talk of a fully-fledged metaverse, complete with digital land sales. Dragon War’s developer team chose the Solana blockchain over Ethereum or BSC due to its near-zero gas fees and lightning-fast confirmations. The game’s native asset, $DRAW, is used for utility, governance and staking purposes, while a second token, $ERA, is predominantly used for purchasing NFTs, upgrading items and covering event fees. Given the fiercely competitive nature of the blockchain gaming sector, Dragon War has its work cut out to fulfil its lofty ambitions. However, early signs are that it’s well-equipped for the battle ahead. With a name like Dragon War, we really shouldn’t be surprised.

[Newsletter] What’up on Curve ? #79

Hi guys. If you don't already know it, this is the no-official newsletter about Curve Finance. If you don't have time to be 24-7 on Twitter. This is a good way to follow what is happening https://cryptouf.substack.com/p/whatup-on-curve-79 submitted by /u/cryptouf [link] [comments]