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Some Factors Bank Managers Consider Before Granting Loans

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There are many factors which may influence the granting of loans by most Bank Managers and a number of them are outlined below;

1. The type of Account The Customer operates: Although non-account owners get loans, loans are normally given to current account owners more than those who operate savings accounts.

2. The Amount Involved: If it is a large sum of loan, the Bank Manager will consider whether if such an amount is removed, it will not affect the financial standing of the bank.

3.The Past Financial Dealings of the Customer with the Bank: one with sound past financial dealings with a bank has a higher chance of getting a loan and vice versa.

4. The Purpose for which the loan will be used: financially yielding projects are considered more buy bank managers in order to make sure that the loan will be used for projects that will yield profit so that it will enable the borrower to repay the loan.

5.The Collateral Security Offered:These collateral securities which are fixed assets must be the things the bank can sell easily and more than the value of the loan given.

6. The Period of Repayment: The period of re-payment of such loan is very important because, the Bank would not want its loan to be tied down for a very long time in spite of the fact that it changes interest on the loan.

7. The Customers Referee: The referee must be one who is well known to the bank and who will guarantee that in case the borrower defaults or becomes insolvent, that he will repay the loan.

8. The Earning Power of The Customer: The person’s earnings vis-a-vis the amount to be given out as loan are some of the determining factors in granting and issuing loans.

9. The Sources of Re-payment: The Bank Managers will also like to know the possible sources the customer intending to borrow loans has for repaying the loan.

10. The Present Government Policy on Bank Lending: A Customer may fulfill all the “Conditions” but if government policy on lending is credit squeeze, the Bank will not grant the Loan and vice versa.

Bitcoin

Hodooi Lists on AscendEX

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Hodooi Lists on AscendEX

AscendEX is excited to announce the Hodooi token (HOD) listing under the trading pair HOD/USDT on Oct. 7 at 1 p.m. UTC. In celebration of the listing, AscendEX and the HOD team will launch several limited-time promotional events, taking place between 1:00 a.m. on Oct. 12 and 1:00 a.m. UTC on Oct. 19, 2021, offering users a chance to share 30,000 USDT worth of HOD pooled rewards!   

HoDooi is a multi-chain digital content NFT platform where users can efficiently create, buy, sell, and resell digital content NFTs. A creator just needs to upload their digital content, select a blockchain network, and choose the settings of the NFT, to mint the NFT and create the auction listing.   

Founded in 2021, HoDooi.com has been carefully designed and engineered to allow its users to create, buy, and sell NFTs in a decentralized, permissionless environment utilizing the Binance Smart Chain. The HoDooi platform is not limited to a single blockchain. Their aim is to create a multi-chain platform that will incorporate the Ethereum blockchain and other NFT blockchains as the platform grows. Cross-chain compatibility will be an important differentiator for Hodooi in the NFT space. 

Their network is supported by the HOD token, the native cryptocurrency of the platform. HOD can be used for payments, participation in the platform’s tiered membership program, access to exclusive NFTs, and decentralized governance of the protocol.  

In the near future, HoDooi plans to partner with businesses to form a path towards creating NFTs that represent physical items of value with an existing ecosystem around them, for example, collectible artworks or real estate. Tokenizing physical objects gives users more options to diversify their portfolio, and owners more potential liquidity when they need it.   

HoDooi takes a user-first approach to platform development. Users will be able to provide their input on how the platform develops from a product design perspective.

Hodooi was founded by a team of individuals with experience across blockchain, business development, and e-commerce. HoDooi’s mission is to push forward the mass adoption of blockchain technology and NFTs with their product offering.  

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 200 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:

Website: https://ascendex.com

Twitter: https://twitter.com/AscendEX_Global

Telegram: https://t.me/AscendEXEnglish

Medium: https://medium.com/ascendex

About Hodooi

HoDooi is a multi-chain digital content NFT platform where users can create, buy, sell and resell digital content NFTs easily. A creator just needs to upload their digital content such as an image, select a blockchain network to use, and select the settings of the NFT, to mint the NFT and create an auction listing.  

For more information and updates, please visit:

Website: https://www.hodooi.com    

Twitter: https://twitter.com/hodooicom     

Telegram: https://t.me/hodooi 

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. TheNewsCrypto 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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TA: Ethereum Bears Keep Pushing, Why ETH Could Slide Further

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Ethereum

Ethereum failed to clear the $3,650 resistance against the US Dollar. ETH price is moving lower and it might extend its decline below $3,450 in the near term.

  • Ethereum struggled to gain strength above the $3,600 and $3,620 levels.
  • The price is now trading below $3,550 and the 100 hourly simple moving average.
  • There is a key declining channel forming with resistance near $3,550 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could slide towards $3,350 unless it breaks the $3,550 resistance zone.

Ethereum Price Faces Hurdles

Ethereum failed to settle above the $3,600 pivot level. ETH formed a high near $3,620 and started a downside correction. There was a break below the $3,550 support and the 100 hourly simple moving average.

The price even broke the 50% Fib retracement level of the upward move from the $3,375 swing low to $3,620 high. Ether is now trading below the $3,520 level, and it is now consolidating near the $3,500 level. An initial support on the downside is near the $3,480 level.

An immediate resistance on the upside is near the $3,635 level and the 100 hourly SMA. The first major resistance is near the $3,550 level. There is also a key declining channel forming with resistance near $3,550 on the hourly chart of ETH/USD.

Source: ETHUSD on TradingView.com

The next major resistance is near the $3,560 level, above which the price might start a fresh surge. In the stated case, the price could climb towards the $3,620 level. The next key resistance might be $3,650.

Dips Limited in ETH?

If ethereum fails to continue higher above the $3,550 and $3,560 resistance levels, it could extend its decline. An initial support on the downside is near the $3,480 level. The first key support is now forming near the $3,450 level.

It is near the 61.8% Fib retracement level of the upward move from the $3,375 swing low to $3,620 high. A downside break could lead the price towards the $3,400 support zone in the near term. Any more losses could push ether price towards the $3,375 support zone. The next key support could be $3,300.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining pace in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now below the 50 level.

Major Support Level – $3,440

Major Resistance Level – $3,550

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TA: Bitcoin Holds Strong, Here’s Key Resistance Turned Support

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Bitcoin

Bitcoin extended its rally above the $57,000 against the US Dollar. BTC could continue to rise if it is above the $56,000 support zone.

  • Bitcoin is trading in a positive zone above the $56,000 support zone.
  • The price is now trading above $56,000 and the 100 hourly simple moving average.
  • There was a break above a key declining channel with resistance near $55,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is correcting gains, but the bulls could remain active near $56,000.

Bitcoin Price Eyes More Upsides

Bitcoin price remained well supported above the $55,000 pivot level. BTC gained pace and it was above to clear many hurdles near the $55,500 level.

There was also a break above a key declining channel with resistance near $55,400 on the hourly chart of the BTC/USD pair. The pair climbed above the $56,000 resistance level and settled above the 100 hourly simple moving average.

There was also a break above the $57,000 level and the price traded as high as $57,837. It is now correcting lower and trading below $57,500.

There was a break below the 23.6% Fib retracement level of the upward move from the $54,396 swing low to $57,837 high. On the downside, an initial support is near the $56,200 level. On the upside, the bulls are facing resistance is near the $57,000 level.

Source: BTCUSD on TradingView.com

The first key resistance is near the $57,500 level. A clear break above the $57,500 resistance could open the doors for a decent increase. The next major resistance sits near the $58,500 level. Any more gains could set the pace for a move towards the $59,200 level.

Dips Supported In BTC?

If bitcoin fails to clear the $57,500 resistance zone, it could correct lower. An immediate support on the downside is near the $56,200 level.

The first major support is snow forming near the $56,000 level. It is near the 50% Fib retracement level of the upward move from the $54,396 swing low to $57,837 high. A downside break below the $56,000 support zone could open the doors for a larger decline.

Technical indicators:

Hourly MACD – The MACD is slowly gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now near the 50 level.

Major Support Levels – $56,200, followed by $56,000.

Major Resistance Levels – $57,000, $57,500 and $58,500.

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Bitcoin Over $100,000 Is Still Possible By Year-End, Says Research Analyst

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Picture of a shadowy bull emerging from smoke with two gold bitcoins in front of it

Bitcoin has made a number of marked recoveries in its price lately. The most notable of this recovery has been the break above $57,000. This effectively set a new four-month high, hitting price points that have not been reached since the market had peaked in May.

It is no doubt that the bulls currently have control of the market and investors’ sentiment is very positive with this. But CrossTower research analyst Martin Gaspar thinks this may only be the beginning of the rally. It would seem the analyst is in the camp of investors who expect the digital asset’s price to hit $100,000, which Gaspar says could very well happen in the three months left of 2021.

Related Reading | Why A Parabolic Move Is Expected For Bitcoin, Billionaire Mike Novogratz

Market Holding Steady

The CoinMarketRecap podcast hosted CrossTower research analyst Martin Gaspar on its latest episode to talk about the future trajectory of the top cryptocurrency. Gaspar, who took a bullish stance on the digital asset, emphasized the asset’s growing scarcity as a good thing for its value going forward.

Bitcoin’s scarcity is partly attributed to the increase in long-term holders of the asset. A reported 81% of the entirety of bitcoin’s supply is currently held in wallets that are holding for the long-term, also referred to as diamond hands. And this has put significant buy pressure on the market as bitcoin heads into a historic supply squeeze.

Gaspar also commented that the expected 200,000 BTC coming into the market from the Mt. Gox settlement will not lead to a mass sell-off. The analyst believes that the investors who are finally getting their bitcoins back after years of fighting for it are most likely just going to hold the coins given the growth of the asset in the past few years.

“I don’t think we’re going to see as much selling pressure from these sorts of investors. Bitcoin has continued to outperform all other assets during this timeframe, so I think a lot of them will feel it may just be safer to hold on to their Bitcoin.

Bitcoin Hitting $100K By Year-End

Martin Gaspar outlined factors that influence bitcoin price towards the end of the year. The analyst explains that the time-crunch of the year running out usually has traders putting money into the market to squeeze out more gains before the year runs out. Also, Gaspar says, that traders are coming out from the slow months of summer, and this resumption in activities can boost the market.

Related Reading | CEO Of Soros Fund Management Confirms That The Family Office Is Invested In Bitcoin

Even with the recent gains in the market, Gaspar sees the market trending higher for the rest of 2021 and well into the first quarter of 2022. With this trend, the analyst puts the price at the end of the year above $100,000, perhaps even trending as high as $150,000. But Gaspar believes investors will hold through this point. Only seeing some sell-off around the $200,000 mark.

Featured image from BlockPublisher, chart from TradingView.com
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Bitcoin Retakes May Highs With Spike In On-Chain Activity

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bitcoin btc btcusd

Anyone paying attention to Bitcoin in the past months will notice a subtle, but importance change in its fundamentals. As BTC’s price made its way back to May’s high, just before the first capitulation event, there was an uptick in on-chain activity.

Related Reading | On-Chain Data Shows Bitcoin Miners Hold Off On Selling Despite BTC Rallying Above $57k

Unlike the sell-off period that occurred from May to end of July 2021, there was an increase in Bitcoin transactions. This rise led to an increment in network fees, as shown by explorer Mempool.space.

Source: Mempool.space

At the time of writing, a high priority Bitcoin transaction needs to pay a 20 sat/vB to be included in the blockchain, one of the highest fees in the past month. Conversely, BTC trades at $57,632 with a 19.3% profit in the daily chart.

Bitcoin BTC BTCUSD
BTC on a rally in the daily chart. Source: BTCUSD Tradingview

Although the Bitcoin network is still far from the levels of activity experienced during its price peaked, the uptick is significant and could point towards a sustain rally by end of 2021.

According to a recent report by Glassnode, the boost in network activity suggest fresh demand for Bitcoin could arrive to the market in Q4. The research firm records a 19% grown in individual participants on-chain during the past 7-days.

Related Reading | TA: Bitcoin Lacks Momentum Above $56K, Why Rally Isn’t Over Yet

This metric stands at 291,000 active entities per day. Glassnode noted the following on what this could mean for BTC:

This value is on par with counts from late 2020 at the beginning of the last bull run. More active market participants has historically correlated with growing interest in the asset during early stage bull markets.

Bitcoin BTC BTCUSD
Source: Glassnode

In addition, there has been an increase in the median transaction size during September. This metric stands at over 1.3 BTC, the research firm claimed.

A surge in the median transaction size doesn’t necessarily implies a continuation of the current rally, but suggest more institutions are coming into the market, Glassnode added:

Generally speaking, periods near the end of bear markets are when smart money start to accumulate in size. These periods are often characterised by lower (but rising) on-chain activity and increasingly large transaction sizes.

Bitcoin To Enter Bullish Phase?

Additional data provided by Glassnode notes an increase in some important metrics. For example, the Bitcoin Percent Supply in profit for the past week reached a 4-month high.

The transaction volume in the BTC Perpetual Futures Contract reached a 3-month high of $281,278,010 on crypto exchange Bitfinex. This suggest that the derivatives market is also starting to heat up and could once again become an obstacle for the BTC bulls.

Related Reading | Why The $1 Trillion Coin Is Another Reason To Stay Long Bitcoin

However, the Transfer Volume as a percentage of the Realized Cap, a metric used to compare on-chain activity with the “value stored” in Bitcoin, recently rose above 3%. As Glassnode indicated, this suggest BTC could be about to enterer a bullish market phase.

Transfer Volume has once again broken above the 3% threshold suggesting growing demand for on-chain settlement of value. This is a bullish a development worth watching in the coming weeks based on its high historical signal.

BTC BTCUSD
Source: Glassnode
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NFT Marketplace SuperRare (RARE) Is Now Available On Binance Exchange

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NFT Marketplace SuperRare (RARE) Is Now Available On Binance Exchange

The NFT marketplace SuperRare (RARE) is now being listed on Binance. 

Users can buy, trade, and withdraw RARE on Binance on the following dates:

  • Deposit & Trading: October 11th, 2021 at 06:00 (UTC).
  • Withdrawal : October 12th, 2021 at 6:00 (UTC)
  • Trading Pair: RARE/BTC, RARE/BNB, RARE/BUSD, and RARE/USDT

SuperRare (RARE)

SuperRare is an NFT marketplace where users can buy and trade unique NFTs. These NFT are created by creators in the form of digital arts, images, videos, game items, and video games. Moreover, RARE is a marketplace for purchasing unique and single-edition artworks in NFTs.

RARE is the platform’s governance token, where token holders can control key platform parameters. Significantly, it allows holders to transfer funds from the community treasury, and to vote on proposed network and protocol enhancements.

According to Coinmarketcap, RARE is currently trading at $2.56 with a trading volume of $559,080,157 in the past 24-hours. Additionally, the price value of RARE has surged over 87% within a day.

For more information and updates, please visit:

Website: https://superrare.com/

Telegram: https://t.me/SuperRare

Twitter: https://twitter.com/SuperRare

Binance Overview

Binance is the leading cryptocurrency exchange that is known to investors all over the world. The exchange currently has many trading pairs of cryptocurrencies on its platform. Besides, every week Binance witnesses at least one cryptocurrency getting listed on its platform.

Furthermore, Binance is constantly striving to supply the highest quality coins, which enhances trade volume and transaction rate. Binance also has its own BNB cryptocurrency, which is based on the blockchain. As a result, the Binance exchange’s listing cost for all new coins or tokens will be 0 BNB.

For more information and updates, please visit:

Website: https://www.binance.com/en 

Twitter:   https://twitter.com/binance 

Telegram: https://t.me/binanceexchange

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Top 3 Gainers Of The Week: SHIB, STX, FTM

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Top 3 gainers of the week : SHIB, STX, FTM
  • The top three gainers of the week are SHIB, STX, and FTM.
  • Shiba Inu (SHIB) has jumped over 240% within a week.
  • Meme-currencies and other potential altcoins are performing well.

Across the social media platforms, it is well seen that young millennial investors are showing interest in the crypto market. These youngsters call Bitcoin “BOOMERCOIN” and they believe that some altcoins have more potential than bitcoin. But not all investors agree to this point, some hold on to the top largest cryptocurrency.

While, on the other hand, investing in any cryptocurrency seems risky, experts suggest being careful in this segment. Users should be willing to take risks when it comes to investments in digital assets. But, this young generation hunts for meme-currencies and other potential coins rather than mainstream cryptocurrencies as it’s within their budget.

Accordingly, the price chart of this week proves the power of altcoins capturing the position of highest gains. As per the data from Coinmarketcap, the top three gainers of the week are SHIB, STX, and FTM.

Current Market Status

The top highest gainer of the week is Shiba Inu (SHIB), which has already been in the bull run for the past few weeks. The price value of SHIB has jumped over 225% within a week and ranks as the 20th largest cryptocurrency in the market.

The second top gainer of the week is Stacks (STX), which displays the bullish trend for the past week. At the time of writing, the trading price of STX is $2.13 with a trading volume of $1,066,363,093 in the past 24-hours. The price value of STX has surged to 63.75% in a week and over 10% up in the last 24-hours.

The third top gainer of the week is Fantom (FTM), which has soared to 45% within a week. The current trading price of STX is $2.08 while it is 15% lower than its all-time high at $2.44. Moreover, FTM holds the 35th rank by market capitalization value.

However, meme-currencies and other altcoins are shining like a star. Investors understand the potential of these currencies and invest them valuably. On this financial run in the digital world, digital assets are considered to be the future of finance. Many investors acknowledge the merits of cryptocurrencies and invest accordingly rather than going for gold. Furthermore, there are many other altcoins that perform well competing the mainstream cryptocurrencies.

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Shiba Inu Outranks Chainlink And Takes Place In Top 15 Crypto-Assets

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Shiba Inu Outranks Chainlink And Takes Place In Top 15 Crypto-Assets

Shiba Inu, the self-acclaimed Dogecoin-killer, has shaken the market with its recent bullish momentum.

The meme coin has surmounted over 350% upsurge within one week, ranking it amongst the top 12 cryptocurrencies based on market capitalization. Presently, SHIBA is the most traded currency on leading exchanges like Coinbase, Binance, and Huobi.

Memecoins

A meme coin is a digital currency linked with some theme, more often as a jest rather than for more serious products. Dogecoin was the very first meme coin deployed.

The Shiba Inu Protocol

Shiba Inu was developed by a person named Ryoshi in August 2020. The protocol’s three tokens SHIB, LEASH, and BONE, experienced tremendous increments within the past few weeks.

Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course

Last week, Shina increased to $0.000035, the second-highest record after an All-Time-High value of $0.000038 on May 10th, 2021. Just a few inches away from setting a new All-Time-High record.

SHIB Token is trading upwards | Source: SHIB/USD on TradingView.com

Just recently, SHIB’s market cap increased to over half of Dogecoin’s market cap. Currently, Dogecoin ranks 10th globally, with a market capitalization of $32 billion, while SHIB ranks 12.

The Whale-Sized Trading

Just after an anonymous whale trader decided to purchase over 6.3 Trillion SHIB tokens and increase SHIBS token valuation, it expanded massively.

As a result, Shiba has been one of the most traded digital currencies in the market within this past week. With a current market cap of over $13.23 billion, the coin spiked by 17% in the last 24 hours.

The deployment of Shiba Inu’s DEX ecosystem ShibaSwap and the introduction of the platform’s burn mechanism incited a rally in the altcoin’s prices. Some developments in SHIB are the main contributors to the massive growth in the price valuation.

Significant factors include the announcement of the release of 10,000 Shiboshis on ShibaSwap, the execution of the burn mechanism, and the increase in the number of token holders.

Shiba Inu To Venture Into Gaming

While Shiba Inu makes preparations to win the gaming sector, token holders anticipate a rise in its demand. At first, the protocol was experiencing the challenges of insufficient liquidity and inaccessibility of the platform updates.

Due to its recent token listing on Coinbase, the challenge of insufficient liquidity was salvaged to a great extent, noting how its daily trading volume surpasses $13 billion.

Shiba Inu Conquers Other Major Coins

The SHIB token has exceeded cryptocurrencies like Chainlink, Avalanche, Litecoin, and UniSwap.

Its double-digit increase within the last four days has assisted the nearly obliterated altcoins in arriving at the headlines again. During these few days of price rallying, the meme coin has successfully erased one zero from its price after over four months of price dormancy.

Featured Image From Pexels and Charts From TradingView.Com
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Standard Tokenization Protocol (STPT) UpSurges Over 176% in Last 7 Days

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Standard Tokenization Protocol (STPT) UpSurges Over 176% in Last 7 Days