VPS is a Virtual Private Server, which can be very helpful for a Forex trader. Depending on your knowledge, you might have heard this term in conversations about web hosting, but this term is also used in discussions about trading in the foreign exchange market. A virtual private server can be very useful for a trader, but the benefits of it can vary depending on your trading methods. Some traders simply cannot fully rely on automated services, but they can make a significant difference and result in more successful trades in a far higher magnitude.
A virtual private server is a big server housing several other VPS on the same machine. Although servers are run on the same computer, their operations are completely independent. You can install an operating system on your virtual private server and have full remote control over your server. Your VPS provider will guarantee you a specific amount of RAM and you will have to pay an allowance every month. The main goal of virtual private server providers is to guarantee you a flexible, convenient, stable VPS.
But what are the benefits of using VPS in a foreign exchange market? Here are 5 reasons which might convince you to trade using a virtual private server instead of doing it on your personal computer.
Every experienced trader will tell you that the speed of order executions has the highest importance to traders with automated trading systems. The best possible performance of trading applications is crucial. Some traders even go to the extent of searching for VPS hosting servers near the networks and services they will be closely associated with, like account managers and brokers. That is why most traders want a network located in specific strategic points of London and New York City.
VPS Forex Trader hosting allows you to get great connection speed that is great for trading applications. Located in New York, as well as The Netherlands and Lithuania in Europe, VPS Forex Trader guarantee low latency in our networks for an affordable price. Try VPS Forex Trader for yourself and you will soon notice the significant improvements in order execution for your trades.
For many traders, proper system security is a major concern for many applications. By offloading your software to a VPS, you will be provided with great protection from potential threats and intruders. The security and condition of a virtual private server are closely monitored 24/7, which makes VPS fare more reliable than your personal computer.
Continue trading even if the power goes out
A lot of traders rely on automation for their trading. By using a VPS, you allow your transactions to continue even if the power goes out, while the automation of the trading system will keep up its performance without the need to monitor it.
If you don’t own a laptop and are stuck with a personal computer, the only time you can properly trade is in your home or office. VPS allows you to access your trading platform from anywhere in the world at any time. This allows much closer monitoring of your transactions and easier maintenance of your automated trading.
Never stop trading!
Because a VPS allows us to trade anywhere, at any time, you can have full control over your trades even when you are asleep. The virtual private server allows you to make that extra leap which will help you earn more money in Forex trading.
Ledger Nano X is a new type of crypto hardware wallet designed with smartphone users in mind. Unlike its predecessor Ledger Nano S, Ledger Nano X comes with a Bluetooth connection, larger screen, and more internal space which lets you install up to 100 different cryptocurrency wallets. So if you’re looking for a crypto wallet which allows you to access your crypto holdings on the go and hold a diverse portfolio in a single place, this Ledger Nano X review will answer most of your itching questions.
In this Ledger Nano X review, we look at Ledger Nano X multi-currency support, design, ease of use, security features, and how to set it up.
Ledger Nano X Review Summary
Ledger Nano X is a brand-new hardware wallet which improves on what can be seen as the drawbacks of the Ledger Nano S. It comes with:
Improved navigation system
Mobile Ledger Live support for Android and iOS
Extra storage space which allows you to install up to 100 different apps for different cryptocurrencies
BND Capital is a modern fund management service that brings together a highly qualified investment team, unique online service and a powerful investment framework. Their modern fund management service enables investors earn very attractive investment returns with minimal effort while being able to seamlessly monitor performance and carry out processes like deposits and withdrawals. As a discretionary service BND Capital makes the day-to-day investment decisions on behalf of their investors who can access their account online at any point in time.
This modern service simplifies the investment process and gives global investors the opportunity to benefit from powerful investment and trading techniques.
What makes BND Capital stand out?
Easy account setup
If you want to open an investment account and invest with BND Capital, you will find the account opening process which takes only a few minutes extremely straight forward and time saving. There isn’t a bunch of documentation to be filled or long waiting times. The entire process is electronic and hassle free. Account verification is also carried out swiftly through the help of credit reference agencies such as Experian and Equifax.
No Fixed Fees Charged
BND Capital charges no account opening, account maintenance, withdrawal or deposit fees. They only charge fees as a percentage of profits, so will only charge you money when they make you money. These fees are charged at 0.5% of your accrued profits and are billed before your profits are credited into your investment account.
Steadily Rising Capital
With the power of compounding, which the firm carries out regularly investors can experience an exponential level of growth in their invested capital over a sustained period of time.
Commendable payments process
BND Capital utilizes blockchain technology and the Ethereum network for investment transactions. Blockchain technology makes it possible for the firm to seamlessly send and receive investment payments globally at little to no cost, almost instantaneously. Withdrawals and deposits can be carried out easily from the online account page.
Personalised customer service
BND Capital takes client service extremely seriously and every client has round the clock access to a personal client support manager who helps with any sort of queries. This is in line with the firm’s objective of creating a seamless investment experience for its investors.
Investor protection and fund security
At BND Capital all client assets are separately ring fenced. Client funds are held and managed in accordance with the applicable investment regulatory rules, aimed at ensuring their long term preservation and safety against loss.
BND Capital practices strict risk management procedures in their trading rooms, to avoid negative trading results, maintaining a tight stop loss of -0.8% on all trades.
All personal data is also securely encrypted both at rest and when transmitted.
BND Capital has proven to be a firm driven not only by their thirst to provide above market returns for their clients but also by the quest to simplify the entire investment process through the use of innovative technology.
CEO of Canada-based blockchain technology firm Blockstream, Adam Back, said that the company is looking into ways how to help crypto users to safeguard their bitcoin (BTC) holdings even more.
During an interview at the Lighting Conference in Berlin this past weekend, Back discussed the value of privacy and security but said that “managing backups is a challenge for the average person.” So there is a trade-off there: you can use an exchange with its own wallet and when you lose a password, they can provide another one, but it means that you do not have absolute control over that wallet – if an exchange gets hacked, your funds are gone too.
On the other hand, says the CEO, Blockstream’s Green Wallet is one of the first smartphone wallets which provides multi-signature and two factor authentication (2FA) security system, so it requires both the user’s keys and the server to approve the transaction. If you lose your two-factor authentication device you can regain access to the coins after some time, explains Back, so there is some form of recovery mechanism. However, if you lose the backup of your keys, you will not be able to access your money, as nobody can provide you with a new way in – nobody knows your keys.
“I think there’s a possibility in the future for a sort of combination where you can have the protection from losing your backups and yet still have control,” Back says. He explains that Blockstream is looking at a method – another step in the recovery process – whereby if you lose the backup, there is another backup that would allow people to get to their money. The technology is easy to use, says Back, but it needs to be safe too, in a sense that people wouldn’t lose money due to a backup mistake.
“I think, counter intuitively, we should be able to have user control – like you actually have your keys and a bank-like sort of two-factor authentication device to approve your transaction, [which] makes you much safer from malware and hackers […] – and the ability to recover from backup failure if you lose your backups.”
Back also said that Blockstream recently announced Tor support for its Green Wallet which hides somebody’s IP address and protects their privacy.
Meltem Demirors, chief strategy officer at CoinShares, discusses her role in developing crypto-asset investment vehicles for institutional investors. In this interview with Real Vision’s Justine Underhill, Demirors shares how her diverse background in commodities trading, corporate treasury, and supply chain management informs her approach to investing in bitcoin and altcoins. She also speaks about potential systemic risks in the crypto space, the drivers of the boom-bust cycle in bitcoin, and what it will take for large investment to flow into cryptocurrencies. Finally, Demirors touches on the the hidden purpose behind Facebook’s coin. Filmed on June 17, 2019 in New York.Read More
Facebook’s CEO Mark Zuckerberg testified in the U.S. Congress yesterday, and the Wall Street seems to have liked what he had to say. On the other hand, the cryptocurrency market crashed right before the hearing, and bitcoin (BTC) price is on its way to a death cross.
While the regulators’ response to Libra was largely negative across the world, the Wall Street seems to have liked the CEO’s picture of the project as presented during this hearing. In one day, from the time the hearing started, Facebook’s shares have gone up by 2.09%, to USD 186
Among other things, at a hearing in Congress in front of the House Financial Services Committee on October 23rd, Zuckerberg stated that the Libra Association is an independent organization and, should they decide to launch the Libra token without the U.S. financial regulators’ approval, Facebook would leave the project. Moreover, the CEO stressed that the Libra Association will not be “competing with any sovereign currencies or entering the monetary policy arena,” but “will work with the Federal Reserve and other central banks responsible for monetary policy to make sure that is the case.”
In the meantime, Zuckerberg sold USD 23 million worth of Facebook stock on October 23rd, and he had sold shares nine more times in October alone. The total worth of these ten sales is over USD 191.5 million.
Bitcoin nearing death cross
Meanwhile, the cryptocurrency market crashed yesterday, painting the Cryptosphere red. At the time of writing (8:35 UTC), BTC is trading at USD 7,470, which is the price it last saw in May this year. It dropped 7% in a day, and 7.6% over the course of the last seven days.
What’s more, Bloomberg reports that the world’s most popular crypto is being pushed towards a death cross for the first time since March 2018. The death cross is a technical chart pattern showing the potential for a major selloff, and you can see it appearing when short-term moving average crosses below long-term moving average. Bitcoin’s 50-day moving average is nearing a cross below its 200-day average, which may signify a further sell-off. _________________________
Money flows, in million USD
“Bitcoin quickly broke once Zuckerberg’s testimony got started,” Edward Moya, senior market analyst at OANDA is quoted as saying in the Financial Review. “Right now there’s a growing sentiment that we may never see Libra live and that’s just a potential setback for the entire crypto space.”
Meanwhile, Fundstrat Global Advisors’ research chief Tom Lee, who said in June that Bitcoin is just at the beginning of its bull run, and it will easily surpass its all-time-high, was also quoted as saying that “We remain risk-off for bitcoin and crypto but see a higher probability of conditions improving within the next 10 weeks. Thus, bitcoin below USD 7,000 would be an attractive risk/reward.”
Bitcoin price chart:
Though the news of a market crashing is never particularly welcomed, it seems that people in the Cryptoworld are used to frequent and large drops in crypto prices, though the fall has been largely discussed. Ran NeuNer, CEO of Onchain Capital, a crypto investment and advisory business, said that “If this BTC dump is because of the Libra testimony, the market doesn’t understand Bitcoin and decentralization.”
Additionally, Cameron Winklevoss, a co-founder of Gemini exchange, tweeted that one can see how young and misunderstood the asset is just form the fact that BTC wasn’t surging yesterday instead.
Bitcoin sentscore, or its market sentiment measure, dropped by 13% in the past 24 hours.
Crypto market analysis firm Coin Metricstweeted that the implied Bitcoin hash rate, or its computing power, continues to reach all-time highs, sitting at 115 exahashes per second, despite the crash, which is “largely due to Bitcoin’s average block production time consistently remaining under the expected 10 minutes target over the last 2.5 days.”
Digital Wallet Corporation offers integrated financial solution for international citizens across remittance, FX, investment, and other consumer financial services.
Tokyo, Japan, October 16, 2019 – Digital Wallet Corporation, a Japanese fintech company, today announced its 2nd IEO to be launched on October 16, 2019. The funds will go towards technical improvements and expanding the mobile wallet technology to countries outside of Japan.|
Since it launched in 2016, Digital Wallet Corporation has built a platform for users to their mobile phone to remit money to other countries at any time, any day. The mobile remittance service “Smiles” has earned the highest number of downloads ever in the Japan market and the business has been profitable. Based on this platform, Digital Wallet Corporation is expanding the service to various Asian countries as part of a new investment service through DWC tokens issued by Digital Wallet.
The Digital Wallet IEO will conduct its first round from October 16, 2019 to October 22, 2019 and the second IEO round from October 25, 2019 to October 31, 2019. DWC tokens will be sold at US$0.20 apiece for Round I and US$0.25 apiece for Round II.
Eiji Miyakawa, Founder & CEO of Digital Wallet Corporation, said: “Digital Wallet Project allows international citizens using fiat to benefit from new investment opportunities in the Philippines through cryptocurrency, which would otherwise not have been accessible. We see the potential of cryptocurrency to be a universal financial platform and an alternative to traditional project financing.”
The IEO will be hosted by the ExMarkets IEO Launchpad.
This second IEO follows the initial DWC Token offering which was issued as the third Initial Exchange Offer (IEO) on DigiFinex’s platform on 28 August 2019.
About DWC Project
The DWC Project is a global money transfer and investment wallet developed by Digital Wallet Corporation. Leveraging on the success of mobile remittance service “Smiles”, DWC Project gives customers access to Asian investment projects through the DWC Token offered through DigiFinex and ExMarkets.
While the crypto market was disappointed by the slow start of Bakkt, recently released data suggests that large investors are becoming more interested in the most popular cryptocurrency and are fueling “a new renaissance of Bitcoin.” (Updated at 13:40 UTC: updates in bold).
Grayscale, a major U.S.-based digital asset management firm, said today that 84% of total investment (USD 255 million) into Grayscale Products in Q3 2019 came from institutional investors.
“Grayscale Bitcoin Trust saw USD 171.7 million in inflows: In 3Q19, we saw the heaviest quarterly inflows to Grayscale Bitcoin Trust in the product’s six-year history, including nearly USD 75 million in a single day. July inflows also reached the highest level we’ve seen in a single month, well above the previous high of USD 64.7 million raised in December 2017,” the firm said, noting that the trust was closed to new investments throughout August and September.
However, institutions have also showed more attention to altcoins.
Meanwhile, U.S.-based financial derivatives giant CME Group said that its Bitcoin futures contracts have seen a greater interest in this year’s third quarter, but more specifically, it’s the institutional interest that continues to grow, with “a record number of large open interest [more than BTC 25] holders” (LOIHs) .
Other results of Bitcoin futures on CME:
There’s a strong institutional flow, with 454 new accounts added in the Q3 2018, compared to 231 a year ago.
The average daily volume of contracts traded was 5,534, which is up 10% compared to a year ago, and which is the equivalent of BTC 27,670 or USD 289 million. Source: Coindesk
A couple of days before this statement, the company also said that the customer interest in CME Bitcoin futures remained strong during the third quarter, with daily open interest (OI) of over 4,600 contracts, which is up 61% compared to Q3 2018.
Meanwhile, using the data provided by crypto market analysis firm Coin Metrics, crypto researcher and analyst Willy Woo came to a “super bullish” conclusion that is bound to make a lot of people in the Cryptoverse happy or at least hopeful. He said that “we’re likely in a new renaissance of Bitcoin,” which is “powered by capital influx of high net worth investors,” while it were the tech savvy people bootstrapping the network who were behind the early BTC renaissance.
Woo was inspired to look back in time by a chart of address counts with BTC 1,000 or more posted by the on-chain market intelligence platform Glassnode, which shows a sharp rise in number of these addresses in the past year. Though some people also suggested that it could be an individual or an exchange moving a large amount of BTC to multiple wallets.
Whatever the case is, Woo discovered during his analysis that “the rate of growth of 1000 BTC addresses now matches the early growth in Bitcoin’s network.”
He explained that while gaining BTC 1,000 “was a matter of being an uber geek” when BTC was just born, at this point in its history, that same amount of Bitcoin means an investment of more than USD 8 million, says the trader, while the number of the world’s ultra-high net worth individuals (those with more than USD 50 million) stands at around 150,000. “It strikes me that this population is probably in the same order of magnitude of people who had that the interest and know how to mine BTC pre-2013, producing similar growth patterns.”
Meanwhile, just recently in an interview, the President of Fidelity Personal Investing (a unit of the U.S.-based mutual fund giant Fidelity Investments), Kathleen Murphy, said that the company – the CEO of which, Abigail Johnson, is a crypto fan – is being very careful about where it offers crypto, implying that the digital currencies carry heavier risks for retail investors than they do for institutional investors. While they’ve embraced the crypto in a sense that they want to be innovative and thoughtful, says Murphy, “we want to be very careful about making sure that investors […] who really aren’t institutional investors don’t make a mistake with cryptocurrencies.”
At pixel time (12:46 AM UTC), bitcoin trades at c. USD 8.318 and is almost unchanged in the past 24 hours. It’s up by 1% in the past week.
Adoption is one of the major points of discussion in the Cryptoverse: how much do we need bigger adoption, from whom, how to obtain it, and what effects would growing adoption have on the ecosystem? All these questions are relevant, but the answers – at least for now – remain just theories and possible outcomes. We focused on one of the major, specific adoption questions and got expert opinions on it: what would encourage an average person who is satisfied with the current monetary, financial system to start using Bitcoin?
Cryptonews.com had an opportunity to discuss this point with some of the major figures in the cryptocurrency and blockchain industry, who attended the Baltic Honeybadger conference held this September in Riga, Latvia. We’ve asked the question, and these are the answers they’ve given us.
Watch the interviews or read a quick summary below.
What would encourage people to use Bitcoin
A triggering event caused by friction in the system
The current system is certainly not perfect and constant issues are bound to make a person feel frustrated. “I think that the main reason someone would start looking into Bitcoin,” says Jameson Lopp, Chief Technology Officer (CTO) of crypto security specialist Casa, “is because of a triggering event, and usually it means they’ve done something where they encountered friction in the system.” The CTO gives an example of a first-hand experience with declined credit cards, the reason being that they are not in “the right country.” Another example is a grey or a frowned-upon industry, such as sex or cannabis industries, which are “still mostly locked out of the financial system in America” and which will “start looking for alternatives.” However, there is no real incentive to look into alternative options for “the people who fit nicely in the bucket of the existing financial system,” says Lopp.
The wire transfer system and the need for payment tools
People, particularly business owners, will find many aspects of the existing banking system disruptive. “Banks are not fun to deal with,” Chief Strategy Officer (CSO) at the Canada-based blockchain company Blockstream, Samson Mow, told us. “You can have your account frozen at any time. Even if you’re not touching crypto.” As an example, Mow gave an issue a gaming company, Pixelmatic faced about a year ago, when, despite the submitted paperwork, its account was frozen “just because they [the bank] were backlogged in doing a new KYC [know your customer] check.” These sorts of issues are very disruptive, he says.
The wire transfer system “is very bad,” says Mow, and while Europe has SEPA (Single Euro Payments Area) transfers, “elsewhere you’re doing normal wire transfers; you have SWIFT codes, routing numbers, intermediary banks, and fees on both sides,” he explains, adding that “it’s really a no-brainer if you’re dealing with that system and you see Bitcoin – it’s so simple.”
Speaking of business owners, Alex Petrov, Chief Information Officer (CIO) at blockchain technology group Bitfury, told Cryptonews.com that in the existing financial system, most people are using the technology just for payments, and “Bitcoin will be approximately the same – so, running a mining operation, running financial operation, is like running a business operation,” he says. Petrov further explains that “if you would like to provide financial services, you’re creating the business, and most of the users don’t need to create the business – they own their own businesses, so they need just payment tools to perform the transactions, and receive the invoices.”
Focusing on the store of value aspect of Bitcoin
Director of Business Development at Kraken, Dan Held, said that he thinks people should use crypto to store value. ‘Store of value’ doesn’t mean ‘price-stable’, he explained, but that it’s “hard to seize and immutable among other factors, so BTC represents a really good asset that people should use if they feel fearful about someone more powerful taking their value away from them,” says Held, adding that he’s not sure if the asset is useful for payments at the moment. These BTC’s characteristics are “tremendously valuable for people in any country, but especially in the countries where the governments or the economic systems are much worse off than Western developed nations,” he concluded.
Founder of Bitcoin Advisory, co-founder of the Satoshi Nakamoto Institute, Pierre Rochard (he has also recently joined Kraken, where he’ll focus on education and open source development), thinks that it doesn’t make sense to make Bitcoin compete on just payment. Instead, it’s important to focus on the savings aspect of the crypto. The current payment system is excellent, he thinks, which comes with some bad trade-offs, such as worse privacy and user autonomy, as well as less self-sovereignty, but also with some good trade-offs, such as consumer protection, reversible payments, the stability of the day-to-day value of most fiat currencies, “and also just the convenience of it and the instantaneous aspect of it.”
The realization that BTC’s value has gone up over the last 5 or 10 years is what attracts people to Bitcoin the most, he says. There has been a lot of volatility, so it all comes down to “is the return greater than volatility,” know as the Sharpe ratio, and BTC has a higher Sharpe ratio than many other assets. “Owning BTC means you’re going to make a higher risk-adjusted return than any other asset,” Rochard told Cryptonews.com.
People theorize that Facebook’sLibra or central banks-issued crypto could become the currency for payment, but Rochard thinks that these entities will “make existing centralized fiat systems more efficient,” so that they can say that they use crypto for a small part of it. However, “it won’t be the main thrust of what they want the future of the payment system to look like,” given that centralized governments and private corporations want everything to be centrally controlled and fully transparent to the government. But “even though governments and private corporations are going to be creating stablecoins, they can become a payment system rails that people actively use,” he says, adding that “ultimately, they’re going to cripple themselves by the fact that they do have a centralized control over it.”
The need to change the current sinking base layer of civilization
Bitcoin doesn’t appeal to people who are satisfied with the current system, but to those to whom it’s a necessity, explains Bitcoin Core developer and entrepreneur, Jimmy Song. It’ll take time for the general public to understand the benefits of Bitcoin, but people also need to realize the importance of money in any civilization – that it’s its foundation. “Bitcoin is money,” Song says, and “every civilization that we know of had some sort of money.” It’s needed for a civilization to function, or some of its vital aspects would be missing, such as the division of labor. Hence, he finds, “money is a base layer of civilization.” The current base layer, however, is “constantly sinking,” so “by changing that base layer, you improve civilization significantly.” And while the transition to Bitcoin as “a better money” will be long and painful, “once it’s over, I think everyone will appreciate how much it’s changed everything.” ___
Dive deeper into Ethereum’s enterprise capabilities. Learn about a number of real-life use cases with experts who have been involved in their implementation and have experienced first-hand the business opportunities that have been unlocked through the adaption of blockchain in an enterprise environment. (The video is from the ConsenSys Blockchain Boardroom at the Sibos 2019 event in London, in September).Read More
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