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Why is the Bitcoin rate growing? 10 factors stimulating a bullish trend on a cryptobank



It seems that May 2019 for the cryptocurrency market started well. The rise in prices for Bitcoin (BTC) was noted at 48% per month, its dominance reached the level of December 2017 (almost 60%). In general, analysts are very positive about the cryptocurrency market.

There are at least 10 possible reasons that explain this bullish trend and can tell why bitcoin (BTC) is growing so fast. Despite the rise and rebounds of recent weeks, the number one cryptocurrency in the world does not seem to plan to stop.

Altcoins are losing ground in favor of Bitcoin (BTC) , which does not respond to a decline in response to problems with Bitfinex, Binance hacking and the fears of small investors.

Fidelity Investments has prepared assets of $ 2.4 trillion for Bitcoin trading (BTC)

A few days ago, the news was published , according to which the Boston company Fidelity Investments, which provides financial services, is ready to offer a platform for over-the-counter Bitcoin trading (BTC).

In this case, this is not about retail investors, but about institutional ones, aimed at entering the crypto sector and able to change the price of Bitcoin (BTC) and other cryptocurrencies.

Currently we are talking about adding only Bitcoins (BTC) to the platform, and not about ethereum (ETH), however in the future other cryptocurrencies may be added to the trading platform. This is one of the obvious reasons why bitcoin (BTC) is growing so powerfully.

Hulving Bitcoin (BTC)

We should not forget about reducing the remuneration for a bitcoin block by half , during which the number of bitcoins (BTC), “created” and earned by miners , will be halved. At the time Bitcoin was created (BTC) in 2009, miners received 50 BTC as compensation for block confirmation.

In 2012, this number was reduced by half to 25 BTC, in 2016 – another two times to 12.5.

Bitcoin graph (BTC) shows its value in relation to the previous halving. On the right is a scale that reflects the color depending on how many months are left until the next double reduction in remuneration.

It is easy to see that in the months preceding this phenomenon, there was always a bullish trend, which led to a noticeable increase in the price of BTC.

The presence of FOMO, which requires caution.

The term FOMO (fear of missing) means the fear of missing a good opportunity. In connection with the sudden May increase in the cost of bitcoin (BTC), many wonder if they have missed the opportunity to “jump into the departing train”.

However, many investors open positions, as evidenced by the increase in volume recorded in the last period. Compared to three weeks earlier, it almost tripled:

When prices in the market rise or fall sharply, which is typical of cryptocurrency, investors act under any circumstances. In the case of the growth of the main cryptocurrency, of course, the excitement among speculators and traders was huge.

To date, Bitcoin (BTC) has crossed the $ 8,000 level, with many analysts convinced that the rise will continue. This move will cause even more FOMO among users who will start thinking about whether to buy an asset at the current price.

Those who managed to enter the market a few weeks ago have already made a profit; those who have not done so should evaluate whether it is really worth it. Cryptocurrencies are extremely volatile, so losses can be very serious.

Technical analysis of the cryptocurrency market is positive

Regardless of whether or not to believe in fundamental and technical analysis , there are several aspects to consider. Thomas Lee, an analyst at Fundstrat Global Advisors, expressed his opinion, saying that BTC will be the main growth hero in 2020.

He added that there are several indicators that show that a new price record is very likely. He also noted that his company Fundstrat has collected 11 signals that can explain this bullish trend. In addition, the company believes that the bear market in 2018 is over.

Digital currencies become mainstream

Fidelity Investments will soon begin to engage in over-the-counter Bitcoin trading , in December of last year TD Ameritrade introduced futures on BTC, and eTrade is preparing to enable Bitcoin trading on its platform.

Rumor has it that eBay may start accepting cryptocurrencies as a payment method, and Bakkt began testing bitcoin futures with launch plans in July.

Smaller services each day introduce cryptocurrencies as a means of payment, which indicates a slow but steady acceptance.

FUD does not affect cryptophone

FUD means fear, insecurity, doubt, in this case it is about the fact that someone is trying to convince other people to sell cryptocurrency, without giving sufficient justification.

The main discussions of the last weeks were mainly related to market prices, however there were other important events that need to be considered.

Along with a total ban, governments of some countries are studying the topic of Bitcoin (BTC) and cryptocurrencies, while regulators are still working to make a decision.

The Bakkt project has not yet been launched, but yesterday's news of the start in July is encouraging. Bitcoin (BTC) is not falling, despite attempts to underestimate its utility and core technology. For many crypto enthusiasts this is a good sign, they believe that the market has become more mature and the worst is over.

What happens to altcoins and why is BTC dominating?

A study conducted by BitMex and published on May 13 shows how the ICO market (the initial supply of coins) collapsed more than 97% in just one year, showing a poor return on investment (return on investment).

This means that the Altcoins could not impress the crypto community with their modest achievements.

“The ICO experiment is over. Virtually no one has created a useful and original product. Even Ethereum, which I like as a scientific experiment, did not meet expectations and is about to pass a dangerous phase, during which an untested experimental consensus algorithm will be created.

People understand that Bitcoin is a much bigger idea than all the “fabulous” blockchains that have attracted finance over the past two years , ”one Reddit user rightly noted.

Despite the fact that currently the dominance of Bitcoin exceeds 60%, we can not say that the Altcoins are dead, not to mention the fact that they all failed. Suffice it to recall the successes of the BNB token in less than 10 months.

Bitcoin and Bitfinex: new tools appeared

Some users believe that the increase in prices for BTC may be indirectly caused by the scandal with the Bitfinex exchange cryptocurrency. New York Attorney General James Laetitia recently accused Bitfinex of using $ 700 million from Tether to cover a shortfall of $ 850 million.

Here are some of the most popular comments on the Internet:

"I think Bitcoin will grow, because in the situation with Bitfinex … they will most likely have many problems with processing withdrawal requests."

“I think many people buy bitcoin, leaving Tether. If something goes wrong with Bitfinex, there will be a real crash. ”

It is possible that many have moved from Tether to BTC, although Bitfinex's positions are still strong, since in 10 days the platform managed to attract $ 1 billion.

Hacking Binance has not brought down the price of cryptocurrency number 1

On May 8, 2019, the Binance cryptocurrency exchange was hacked , losing about 7,000 bitcoins (at that time $ 40 million).

After that, within half an hour, Bitcoin lost 3.2%, the rest of the market also reacted negatively and first of all to BNB tokens. But after a while, the bull trend reappeared.

Experienced traders took advantage of this decline to return to the game, because then the market lost about $ 5 billion. Binance blocked the withdrawal of funds and deposits (they will be available today), but even this news could not seriously affect the price of cryptocurrency.

Consensus and SEC Solution

The Consensus conference, a global event that brings together the world's leading experts in the field of blockchain and cryptocurrencies, is taking place in New York. This is the time for important announcements and news that can bring even more positive.

Currently, attention is focused on the SEC. It is known that the Commission has repeatedly postponed a decision on a Bitcoin ETF , soon all legal deadlines will be exhausted.

Publication date 15/05/2019
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Binance Exchange added the ability to purchase cryptocurrency from Mastercard



This Friday Binance Exchange announced the addition of the possibility of buying cryptocurrencies using bank cards in the Mastercard system.

The service covers 19 countries, including Russia and Ukraine. There are no other CIS countries on the list yet.

To use the option, you must log in to your personal account at , go to the “Buy Cryptocurrencies” tab and select payment using a bank card. Bitcoin, Ethereum, XRP, Binance Coin, USDT and some other assets are available for direct purchases from Mastercard cards.

Previously, users already had the opportunity to buy cryptocurrency on Binance using Russian Visa cards.

Also this morning, Binance CEO Changpen Zhao hosted another live broadcast at Periscope. Zhao’s speech mainly covered the latest achievements of the exchange, including the launch of the Binance Card , mining pool , Binance KR, OTC portal, as well as cooperation with Brave and the acquisition of CoinMarketCap . In addition, Zhao recalled the need to maintain social distance.

“We have completed the initial development of platforms, and now I think it is important for us to support mining , since bitcoin mining is now centralized. We want more players to take part in it, as well as support existing players, ” he said.

In addition, on his Twitter, Zhao shared a screenshot testifying to the preparation of the exchange for the launch of option trading.

He left no comments on this subject. In the main Twitter account of Binance, a list of tasks for testers that was “publicly available” was posted. Among other things, it includes the item “test option trading”.

Publication date 04/04/2020
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TRON (TRX) cryptocurrency review – forecasts and prospects, current rate



5/5 (1 vote)

Cryptocurrency TRON (TRX) is a decentralized protocol based on blockchain technology designed to create a global entertainment network with free content.

In simple terms, TRON is a service similar to all well-known social networks and platforms where users have the opportunity to publish, view and use any available content for entertainment, for example, online games.

The TRON project is currently developing the idea of joint consumption, which is that on a single global platform, users will be able to share entertainment content.

Official TRON cryptocurrency website:

Analysts call this platform the broadcast of the modern entertainment industry. In general, the functioning of this system is as follows:

  1. The author or copyright holder publishes the result of his intellectual work on the official website. You can download anything from literary novels to an author’s song or art on a specific topic. Next, the participant uploads information about how his creation can be used (as an accompaniment to another work or as an independent product). Nearby, he indicates the price of his work.
  2. Another user who is interested in this work acquires it for the local currency Tron (TRX). However, users should remember that it is impossible to purchase this or that product on this resource using fiat money (dollar, euro, rubles, etc.). The system has its own cryptocurrency , which must be purchased at exchangers or exchanges in order to complete a transaction.
  3. As soon as the interested user has acquired the result of intellectual work, the amount indicated by him is transferred to the author’s account. The author can use the tokens at his discretion – purchase a work from another author, simply save money in his account, or exchange it for another cryptocurrency or fiat funds.

About what TRX is, initially interested in all users who are just starting their activities on the site. This resource uses several types of tokens for different purposes:

  • Tron (TRX) . This is the main currency of the system. For this currency you can buy or sell the results of your intellectual work. If necessary, the owner of a certain amount in this currency can exchange it for fiat money or other cryptocurrency.
  • Tron Power It is impossible to purchase or exchange other money for a given currency. The only way to get them is to secure the TRX currency on the site platform. In this case, they are converted to TR. The presence of such tokens gives advantages to their owner. For example, the holder of a TR has the right to vote for one or another change in the system, or to oppose them.
  • TRON 20 . Coins owned by developers. With the help of them, they create new full-fledged blockchains with new tokens.

The TRON cryptocurrency issue is limited, 100 billion coins have been issued at present. However, it is worth considering another point – starting in 2018, tokens begin to be burned (they are meant to be forwarded to an address known only to developers). The last major burn was in June last year, but how often such procedures will be carried out is currently unknown.

project team

The team of this project has on its side professionals working in various fields. The founder of the platform and the creator of TRX Coin is Justin Sun , who also created a social network with an audience of 10 million people. In 2017, Forbes magazine included Justin on his list as one of the most successful entrepreneurs, who was not yet 30 years old.

The technical director of the project is Lucien Chen , who has extensive experience in working for large Internet companies. He is perfectly versed in blockchains and the principles of functioning of cryptocurrencies.

Deus Yu , responsible for quality control, has been working in the computer games industry for a long time. According to Justin Sun, the experience of Deus will come in handy a little later, when the platform gains even greater popularity.

Charles Zhang , an adviser who is well versed in a business not related to cryptocurrencies and blockchains. He has repeatedly lectured on the basics of entrepreneurship, with which he was invited to many universities. Charles made a huge contribution to the promotion of the platform at the initial stage.

Blockchain Browser

Block Explorer is a search tool that allows you to view the addresses of wallets involved in the system, blocks, as well as data of transactions completed or committed. It can be compared with standard browsers, with the help of which an ordinary user searches for the information he needs on the Internet.

For each cryptocurrency, a personal Block Explorer is created that shows the network status for a given period of time. For the Tron cryptocurrency, such a Block Explorer is called TRONSCAN , where users can get all the information they need ( ).

How to mine Tron?

The developers of the platform did not provide for mining the Tron cryptocurrency , since they had already created all the necessary coins. In addition, the creators talked about the scheme according to which their cryptocurrency will work:

  1. 40% of the total number of coins will go on sale to enable the project to develop further.
  2. 15% of the remaining amount is allocated for acquisition by investors. Investors are players who, after the main sale of coins, will be ready to purchase tokens further.
  3. The remaining funds are “frozen” and remain in the accounts of the company owners.

Justin Sun explained that perhaps mining will be provided in the future when the company gains the necessary popularity.

TRX Token Wallets

The user can choose one of two options for storing Tron coins (TRX):

  • Storage of tokens on the exchange;
  • Creating your own crypto wallet.

With proper use, wallets provide a higher level of security. All types of wallets for Tron (TRX) are described in detail in this review .

Buying and selling TRX coins

You can buy a Tron on popular crypto exchanges , we recommend that you use the first 15 exchanges, and do not forget to install additional account protection. On the selected exchange, you must go through the registration procedure, after which you will be given a personal wallet, as well as its address.

The most popular and safe exchangers where you can buy and sell Tron:

The exchange rate of the Tron cryptocurrency against the ruble as of October 28, 2019 is 1.29 rubles per 1 coin. For a detailed analysis of the course and chart of coins, we recommend that you look at the Coinmarketcap website.

Development Perspectives and Company Roadmap

A distinctive feature of the project is its roadmap, which is scheduled until 2027. It is divided into several stages:

  1. Exodus It lasts from 2017 to 2018 and is considered officially completed. During this period, information about the project was actively disseminated, as well as developers were engaged in improving tools for using the site.
  2. Odyssey . Accounted for 2019-2020. During this time, developers will pay special attention to the economic development of the platform.
  3. Great Voyage . Captures July 2020 and ends in July 2021. Implementation of a personal ICO system, and third-party developers will have the opportunity to launch their own ICOs.
  4. Apollo It lasts from March 2021 to March 2023. Creating a decentralized exchange platform.
  5. Star Trek . It begins in April 2023 and ends in September 2025. Creation of a decentralized platform for the development of any computer games.
  6. Eternity . It starts in September 2025 and ends in September 2027. Platform users will have the opportunity to create their own playgrounds.

The developers mentioned that if these plans are implemented, a new roadmap will be created in the future, which will begin in 2028.

When analyzing the active nodes of the Tron cryptocurrency, you can notice the scale of the development of the project, where the majority of servers are located in the USA, China and Germany.

The forecast for Tron cryptocurrency from leading analysts suggests that, taking into account the current features of the crypto asset, in the future the project can absorb the entertainment market. And this means that in 2020 the value of one coin is able to stand on one level with the dollar.

Main competitors Tron

The project has two main competitors – Qtum and Ethereum . Each competing company has its own advantages, for example, the first has a more advanced platform in terms of technology, and the second wins due to smart contracts and fame.

Analysts are confident that the Tron platform will still have to fight for its users, since the developers are aimed at a specific audience. However, the Throne does not have special advantages that would distinguish the project from its competitors, which could become a serious problem in the future.


Tronix cryptocurrency has good prospects for further development, since the project itself is one of the most ambitious among others. However, at present it is not in demand. Investing in such a project will bring quite large risks, however, long-term investments can bring the investor good profit.

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The largest exchange Binance has the opportunity to deposit / withdraw deposits in rubles



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The Binance cryptocurrency exchange this Wednesday activated the possibility of making deposits in Russian rubles.

According to the instructions provided on the website, deposit / withdrawal of funds is carried out through the AdvCash payment system , including using bank cards. The commission for the deposit in this case is 3%, for the withdrawal – 2.5% plus 50 rubles.

To deposit / withdraw assets in rubles, you need to go to the “Buy cryptocurrencies” tab in the upper control panel or select the “RUB” currency in the user's wallet, then indicate the desired direction of payment and other necessary data.

Trading pairs for exchanging the ruble for cryptocurrencies on the Binance platform have not yet been presented.

Earlier today, CoinDesk published excerpts from a conversation with Binance CEO Changpen Zhao during his visit to Moscow last week.

“We are always looking for partners in any community, especially in Russia. Russia is a key market for us, it is one of the most active markets in the global blockchain space, ” he said then.

Zhao also confirmed that Russia is included in the Venus project, in which Binance intends to launch several regional stablecoins.

“We are working with potential issuers of stablecoin tied to fiat currency. We do this in all jurisdictions, in Russia in particular, we are looking for partners, ” he added.

Last week, Binance listed its first cryptocurrency pairs on its main platform, starting with Nigerian naira. The exchange also supports fiat trading at selected sites in Uganda, Singapore, the United States and Jersey.

Publication date 10/30/2019
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Name Price24H (%)
Bitcoin (BTC)
Ethereum (ETH)
Bitcoin Cash (BCH)
Stellar (XLM)
Litecoin (LTC)
Cardano (ADA)
Tether (USDT)
Monero (XMR)


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