The differences in trading in a bullish and bearish market, explained

An automated trading platform can help users identify and execute cryptocurrency trades with less manual effort.  It can be difficult for traders to find the time necessary to spend in front of graphs as they attempt to determine the right time to buy and sell. As a result, many have found that they have lost out on many opportunities since they weren’t on their computers at the right time. Automated trading can help cryptocurrency traders take advantage of as many of these opportunities as possible and addresses many of the problems mentioned above.  TradeSanta is an automated trading platform that helps users automate trades on many of the major exchanges. With automated trading features, users can take advantage of different algorithms to execute trades across multiple accounts and various strategies at one time. The program scans for trading opportunities based on market analytics and calculations and works significantly faster than manual clicking. In the last year, TradeSanta has added TradingView signals for Binance, Huobi, and HitBTСX, all of which are based on the TradingView cryptocurrency screener. The platform has also rolled out the DCA bot for Binance (BNB)Futures in Alpha for the traders with the maximum subscription and added a last cycle option so the bot can finish the current cycle and stop. Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

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French central bank pilots blockchain-based CBDC for debt market

The central bank of France continues actively exploring a central bank digital currency (CBDC), completing a significant trial of a blockchain-based CBDC in the country’s debt market.Over 500 institutions in France have participated in a 10-month experiment testing a CBDC issued by Banque de France for government bond deals, the Financial Times reported on Tuesday.The CBDC trial was led by Belgium-based financial services firm Euroclear and used a system developed by American technology giant IBM. The CBDC test also involved the French public debt office alongside the central bank and a consortium of major financial companies operating in France, including firms such as BNP Paribas, Credit Agricole CIB, HSBC and Societe Generale.As part of the trial, the participants traded government bonds and security tokens, settling them using a CBDC supplied by the central bank. The project tested use cases of a CBDC in a range of everyday activities, such as issuing new bonds, using them in repurchase agreements, as well as paying coupons and redeeming deals.“We have together successfully been able to measure the inherent benefits of this technology, concluding that the central bank digital currencies can settle central bank money safely and securely,” Euroclear executive Isabelle Delorme said.According to Soren Mortensen, global director of financial markets at IBM, the project “went well beyond previous blockchain initiatives” because it successfully trialed “most central securities depository and central bank processes” while cutting off existing interim steps such as reconciliation between market intermediaries.Related: G7 leaders issue central bank digital currency guidelinesAfter launching an experimental CBDC program in March 2020, the central bank of France has been consistently testing various CBDC use cases. In June, Banque de France tested a CBDC to simulate the settlement and delivery of listed securities in collaboration with Swiss cryptocurrency bank SEBA. Previously, the central bank piloted a CBDC to issue $2.4 million worth of simulated shares using a private blockchain platform.

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Polkadot unveils $770M development fund ahead of parachain auctions

Polkadot (DOT) founder Gavin Wood has unveiled a $777 million development fund ahead of the network’s parachain lease auctions. Wood tweeted on Oct. 17 that Polkadot’s treasury has allocated more than 18.9 million DOT (worth roughly $777 million at the time of writing) to a development fund that will be disbursed through community governance. Wood gave broad suggestions as to how the funds might be spent, stating the capital will be mobilized to realize the community’s vision for “building, improving, educating” Polkadot’s ecosystem, in addition to “anything else that the Polkadot governance believes valuable.According to Polkadot’s Wiki, the treasury funds can be spent if approved by the council, which votes on proposals put forward to them. The Polkadot council currently consists of 13 members, however the council plans to expand to 24 seats at some stage in the future.With many Polkadot governance votes seeing poor community participation in the past, the development fund may be intended to bolster DOT holders’ engagement with the governance process According to Polkassembly, three governance proposals put forward this past week have seen total voter turnouts of zero, six and seven votes respectively. Stakeholders wishing to put forward a proposal must reserve a deposit of at least 5% of the proposed spend, with the deposit being either slashed (a burn mechanism to deter validator misbehavior) if rejected, or returned if accepted. With funds being placed at risk in the event of an unsuccessful vote, Polkadot’s slashing mechanism may be a factor impeding governance engagement on the network. The new development fund was also revealed just weeks before Polkadot’s highly anticipated parachain auctions are scheduled to begin in early November, suggesting the funds could be intended to kickstart development targetingPolkadot’s forthcoming parachain ecosystem.Polkadot’s parachain auctions will be used to realize Polkadot’s vision for a sharded ecosystem. The auctions will see projects building on Polkadot compete to secure one of the 100 parachain slots by bidding to lock up DOT. Parachains are Polkadot’s sharded side-chains that can host decentralized applications and protocols, offer specialized computation, and communicate with Polkadot’s proof-of-stake “Relay Chain” to finalize transactions.Polkadot’s existing relay chain exclusively processes transfers, governance, staking services for the Polkadot network, with the forthcoming parchains being tasked with providing advanced features like smart contract functionality and cross-chain compatibility. As such, the new development fund may be intended to encourage developers to begin building on Polkadot in preparation of parachains going live.Related: Polkadot eyes breakout to $75 after DOT price rally sets up classic bullish reversalMany onlookers have singled out the Coinbase-backed Acala Network as a frontrunner to win the first parchain slot on Polkadot. Karura Network, Acala’s deployment on Polkadot’s siser-network Kusama, won the first parachain auction on Kusama by a significant margin in June. Karara pulled support from more than 15,000 entities to win its slot with a bid more than 500,000 KSM (worth roughly $184 million at the time of writing).

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Ghana to explore offline transactions for upcoming CBDC

Ghana is working to develop offline capabilities for its forthcoming central bank digital currency (CBDC) in a bid to promote its use across all segments of Ghanan society.According to a Oct. 18 report from Bloomberg, Kwame Oppong, head of fintech and innovation at the Bank of Ghana (BoG), revealed that the country’s digital currency “e-cedi” will support offline transactions during the Ghana Economic Forum on Monday.Oppong emphasized that offline functionality will allow Ghanans who lack reliable access to electricity and internet connectivity to embrace the country’s CBDC, stating:“The e-cedi would also be capable of being used in an offline environment through some smart cards.”A smart card is a plastic credit card-sized card with a chip that allows its user to transact using a pre-loaded balance. A similar system has been trialled by Oxfam to facilitate payments using the decentralized stablecoin DAI to provide relief from environmental disaster.According to World Bank data published during 2019, 84% of Ghanans then had stable access to electricity while just 53% were connected to the internet.Related: G7 leaders issue central bank digital currency guidelinesDuring August, BoG announced it had partnered with German financial firm Giesecke+Devrient (G+D) to pilot a retail CBDC in Ghana.The announcement came just one month after Ghanan vice president Dr. Mahamudu Bawumia advocated for African governments to embrace digital currencies as means to bolster trade across the continent during the Fifth Ghana International Trade and Finance Conference in July. Local adoption of decentralized cryptocurrencies is also on the rise, with analytics firm Chainalysis reporting that Africa’s cryptocurrency market has grown by more than 1,200% since 2020 as of last month.

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Rarible introduces zero-cost NFT minting feature

Nonfungible token (NFT) marketplace Rarible has introduced a new functionality titled “lazy minting” that promises users the ability to create nonfungible tokens at zero cost — all while enhancing environmental sustainability on the platform.Instead of the traditional method whereby data is stored on the blockchain immediately after minting, Rarible announced Monday that, under its new program, NFTs are “minted not at the moment of creation, but at the moment of purchase. It’s the buyer who pays the gas fees when purchasing the item.” In this case, data will be stored on a decentralized peer-to-peer storage system called IPFS.Amid the influx of new retail participants into the NFT space over the past year, a large segment has been perturbed by the consistently high gas fees on the Ethereum network, increasing their barrier-to-entry and diverting many investors to alternative blockchains, such as Solana. According to data from Rarible Analytics, the current average gas price on Rarible for minting a single ERC-721 token is 0.022ETH, equivalent to $82.26 at current prices. This is actually a favorable time to mint on the platform, in comparison to frequent times of high network activity where gas fees can soar to hundreds of dollars.This is why the Rarible implementation will be welcomed as a positive initiative by the community, though it is yet unknown as to its potential impact on the wider market. Related: Rarible’s daily transactions see a rapid declinePopular cryptocurrency exchanges Coinbase, FTX and Binance have been among the latest iteration of crypto firms expressing intent to build products and services in the NFT space. Coinbase garnered enormous social attention for the upcoming launch of its NFT marketplace, registering 1.1 million email signups in the first 24 hours. One week on, this figure is now 2.35 million.To add greater context to this figure, leading NFT marketplace OpenSea has recorded a little over 263,000 unique users across the last 30-days, in addition to in excess of $3 billion in total volume.Coinbase recorded 68 million verified users and 8.8 million monthly active users across the second quarter of 2021, according to its latest shareholder report.Analytics data from DappRadar reveals that Rarible has recorded 10,100 unique users over a 30-day period, RARI, the platform’s native token, has experienced positive growth over the past month, rising 80% from one year lows in late September to the current value of around $22.20.

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