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Unsecured Unemployment Loans: Financial Lifesavers for the Recently Jobless

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When someone loses their job, the result is more than simply to lose a source of income. The ability to secure loans when needed is also seriously damaged, as well as a host of other financial matters. But, it is worth noting that even with no job, there are loan options available. An unsecured unemployment loan provides access to vital funds.

The fact is that losing ones job creates greater financial demands, so a significant cash injection becomes a very useful thing. The contradiction is that fast cash loan approval can exist for those with no source of income. But there is plenty of method in such madness.

The idea is that borrowers will use other sources of funds – like savings and employment benefits – to meet the unemployment loan repayments. And when the borrower gets another job (perhaps after several months) they can resume repayments under normal conditions.

Keeping Your Head Above Water

For anyone who has ever been unemployed, the simple day-to-day running of a home and payment of small bills becomes a real struggle. With an unsecured unemployment loan, the funds can be secured to cover expenditure and keep your head above water.

A lump sum of as much as $25,000 can be secured without the need for any security, enough to cover the costs of living of a whole year. But while the normal monthly expenditure of perhaps $2,000 is met, the repayments on this fund are only $500 over perhaps 5 years. So real costs are reduced greatly.

Getting fast cash loan approval is not that difficult if the criteria are met fully. But it is important to understand that not everyone who is unemployed will qualify for an unemployment loan.

Qualifying for the Loan

The principal condition to qualify for an unsecured unemployment loan is that there is no source of income to speak of. There may be funds at hand, but no work done for payment – even part-time work. This would technically disqualify applicants from any kind of special treatment since they are not actually jobless.

There is also a stipulation that only people who have been made unemployed recently can be considered, typically within 6 months of the application being submitted. This means that the long-term unemployed are excluded from a chance for fast cash loan approval.

The commonly accepted reason is that lenders are willing to lend to those who are in a strong position to find new employment relatively quickly. So an unemployment loan is repaid over a moderate period of time.

Secure a Loan Online

So where can the best unsecured unemployment loans be found? Online lenders tend to offer the best deals in all of their loan packages, and it is no different when lending to the unemployed. Searching online ensures quick results, with comparison sites helping to find the very best loan offers in a matter of seconds.

Once the right deal is found, then online application forms can be processes in a matter of minutes, ensuring fast cash loan approval for those who satisfy the criteria. As much as $25,000 can be secured, but remember that the term of the loan needs to be about 5 years to make the repayments truly affordable.

But the key factor is that, through an unemployment loan, there is little reason to fret over living expenses, allowing the borrower time to concentrate on finding a new job and source of income.

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Divergence Lists on AscendEX

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Divergence Lists on AscendEX

On Sept. 23 at 1 p.m. UTC AscendEX will list the Divergence token (DIVER) under the trading pair USDT/DIVER. To celebrate the listing, AscendEX and the Divergence team are pairing up to launch a number of limited-time promotional events between 1:00 a.m. UTC, on Sept. 24 and 12:00 a.m. UTC, on Oct. 1, 2021. These events will offer users the chance to share 90,000 USDT worth of pooled rewards.

Divergence is a decentralized platform built for hedging and trading DeFi-native asset volatility with an AMM-based marketplace, trading synthetic binary options. Currently, there’s a lack of practical, easy-to-use solutions for trading and hedging volatility of assets that exist on the different layers of DeFi applications with exposure to multiple sources of risk. 

Volatility derivatives and options products are a significant sector in traditional finance, yet they are still in their early stages when it comes to crypto markets. Derivative products have a high technical entry barrier for retail users, especially for products like options. Divergence has started by offering binary options which have relatively easy-to-understand mechanisms and a binary payoff.  

A key feature of the Divergence user experience is the simplicity of option composability. Option markets on Divergence platform can be created at strike prices and expiration cycles of choice, using any fungible token, including DeFi assets issued by other protocols. The platform features a one-step seeding and minting process, meaning that users don’t need to mint a derivative token prior to allocating funds to a seed pool, minimizing fees for traders.

Divergence has also focused on Capital Efficiency. Only one collateral unit is required to write a binary call or put for a pool with no need for over-collateralization. Once a pool is created, the same collateral is used when it is time to buy or sell options. The smart contract reserves max claims for collateral, providing LPs the flexibility of withdrawing capital before expiry.

When it comes to managing price risk, existing decentralized futures and perpetual products offer linear risk exposures for a limited number of major assets. Options, as a less-developed product, can provide a non-linear risk-reward structure. This allows options traders to build leveraged positions in assets at a lower cost than making a traditional transaction. 

​​The DIVER token is a transferable representation of the governance and utility functions specified in the Divergence platform. DIVER allows holders to propose and vote in on-chain governance proposals to determine future features and parameters of the Divergence platform. Divergence Staking contracts are used to provide higher yield to long-term holders of DIVER tokens. Divergence will periodically share various types of token rewards amongst the stakers and governance token holders.

AscendEX’s listing of Divergence exhibits their strong support for DeFi projects designed to accommodate new retail users and professional traders alike. Divergence’s commitment to a simplified user experience for a very technical product offering is exactly the type of project that AscendEX aims to partner with to open up new retail markets in the crypto space.

About AscendEX 

AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions. 

AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum.  AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage. To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit www.AscendEX.com.

For more information and updates, please visit:

About Divergence

Divergence is a decentralized platform for hedging and trading DeFi-native asset volatility, with its flagship product being an AMM-based marketplace that trades synthetic binary options.  Derivative products have a relatively high technical entry barrier for retail users, especially for products like options. Divergence has started by offering binary options which have relatively easy-to-understand mechanisms and a binary payoff.  

For more information and updates, please visit:

Disclaimer: This is a paid Press Release. Any information contained in this website is not proposed to be and doesn’t constitute financial advice, investment advice, trading advice, or any other advice. The NewsCrypto is not responsible to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release.

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Want to Know the Top 5 Coins For Staking in 2021? Find Out!

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Want to Know the Top 5 Coins For Staking in 2021? Find Out!
  • The validators (stakers) are also paid with the freshly minted coin.
  • Polkadot is a heterogeneous multichain exchange blockchain.

Crypto staking is becoming one of the most profitable methods to earn, invest, and profit.

It is the process of verifying ‘locked up’ digital assets in a decentralized crypto network to guarantee the network’s integrity, consistency, and security. The validators (stakers) are also paid with the freshly minted coin to assist and protect the network.

Here are the best five cryptocurrencies to stake in 2021.

Cardano (ADA)

The co-founder of Ethereum developed Cardano. Thus they have certain similarities. Smart contracts are digital agreements that utilize blockchain technology to verify transactions. Some investors think smart contracts would change society, especially the legal industry.

Cardano is more energy-efficient than Bitcoin. Bitcoin miners utilize powerful computers to solve increasingly challenging puzzles to verify transactions and earn tokens.

Cardano (ADA) staking is possible on Crypto.com and Binance. A more secluded location to stake may be found in Yoroi Wallet or Daedalus Wallet. According to CoinMarketCap, the Cardano price today is $2.08 USD with a 24-hour trading volume of $2,808,791,362 USD.

Polkadot (DOT)

Polkadot, a heterogeneous multichain exchange blockchain created by Ethereum co-founder Gavin Wood. In this way, several blockchains may communicate with each other. Staking this asset may be a fantastic choice as the platform expands to accommodate additional projects.

According to CoinMarketCap, the Polkadot price today is $27.10 USD with a 24-hour trading volume of $1,540,743,056 USD.

VeChain (VET)

VeChain, a blockchain platform, aims to record every step of the supply chain. It is still up over 600% year-to-date compared to December 2020. So, this cryptocurrency has been on a roll, despite a drop this year. This is a great result and may indicate a strong future for the coin.

According to CoinMarketCap, the VeChain price today is $0.084943 USD with a 24-hour trading volume of $302,011,017 USD.

Solana (SOL)

Solana (SOL) is a scalable Open Technology blockchain and cryptocurrency. Soon after its debut, Solana built a DEX using the Serum protocol, another emerging blockchain.

Furthermore, the Solana platform is a powerful Ethereum alternative. So, the greatest SOL burst may occur in late 2021. According to CoinMarketCap, the Solana price today is $130.74 USD with a 24-hour trading volume of $2,516,287,186 USD.

Cosmos (ATOM)

Several crypto analysts and professionals believe Cosmos (ATOM) is a superior investment to other major cryptocurrencies and DeFi coins due to its first-mover advantage as an interoperable blockchain platform.

Despite Cosmos’ ups and downs, experts expect ATOM’s price to increase over time. Moreover, Cosmos will always have an edge as an interoperable blockchain. According to CoinMarketCap, the ATOM price today is $35.37 USD with a 24-hour trading volume of $1,079,176,926 USD.

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Cardano (ADA) Needs Retail Trader’s Support to Avoid Downfall

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Cardano (ADA) Needs Retail Trader's Support to Avoid Downfall