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Trading futures in the US. Is it really banned?



Trading futures

Every professional trader strictly adheres to the trading strategy, calculates the risk-profit ratio, and carefully analyzes all the opportunities the market provides. He buys assets, engages in margin trading and gradually develops, approaching one of the most lucrative and profitable areas – futures contracts.

Futures really occupies the best place in every trader’s wallet, because he gets many attractive advantages of this type of trading:

  • Access to a wide range of cryptocurrencies without having to own them.
  • The ability to buy or sell at a pre-planned price at a pre-arranged time.
  • Hedging the risks associated with constant changes in the price and market situation.
  • The ability to profit from changes in the price of an asset (isn’t it the main point of trading?).
  • Huge leverage (up to x125), allowing you to increase your profit many times.
  • Low commissions when trading altcoins (note for scalpers).

After such an analysis of all the advantages of futures contracts, of course, the trader puts them on his agenda, analyzing the market and adapting his strategy. But next he encounters a major problem – he is in the United States.

The U.S. is a country of opportunity for many, especially for crypto traders, because it is a state where both cryptocurrency is legalized and the country guarantees complete security for this sector. And in this case, regulators decided that security is first and foremost about reducing risk, so exchanges offering derivatives trading are banned and remain without a license. Unfortunately, this step provoked popular exchanges to leave the region or limit the number of offered products.

But any respectful trader will not be able to give up the leverage х125, the possibility to implement their strategy to the maximum and do trading taking into account all possibilities of this sphere. Therefore, we will tell and show you how to enter the futures market, with a few steps and a couple of secrets.

  1. Evaluate the crypto futures market, identify projects that are interesting to you.
  2. Study the principles of market capitalization, adjust your trading plan, and learn the experience of knowledgeable traders.
  3. Think about risk management.

After this proceed with registration on the exchange. Follow this link to find a detailed explanation of all registration steps to help you use the exchange from ANY part of the world. BikoTrading has been engaged in professional trading for 8 years, knows all the secrets of this industry and is ready to share experience in proper selection, connection and setting up of the exchange. Check the article and in a couple of minutes you will enjoy trading in futures even if you are in the US. This little instruction will help you quickly connect and set up an exchange on your phone and computer.

Despite U.S. restrictions and bans, it’s a safe and effective way to use futures trading. More than 6 million traders are registered on this exchange, actively trading, using low commissions and increasing their deposit several times over. So why pass up such a chance?

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Crypto Investors intend to have FTX arrested through protests



founder of FTX

Members of the crypto community intend to have FTX founder Sam Bankman-Fried arrested. Crypto trader and youtuber Ben Armstrong addressed this initiative to the crypto industry.

“If Sam [Bankman-Friede] is not arrested by the end of December, I will gather a large group (probably over a hundred people) who lost money [amid the collapse of] FTX. We will go to the Bahamas and protest outside the government building, the Albany Resort [where Bankman-Fried supposedly has real estate] and other [Bankman-Fried] properties until he is arrested,” Ben Armstrong wrote on his microblog asking subscribers who would like to join the initiative to check in under the post.

FTX arrested?

Many members of the crypto community responded to the trader’s call. For example, the initiative was supported by popular youtuber Dusty BC Crypto. The irony is that earlier Ben Armstrong himself, as a crypto blogger with a million audience, advertised the FTX crypto exchange and its native FTT token.

Some of the subscribers noted that it was time to file regulatory complaints against the crypto blogger himself, as he was involved in attracting investors to FTX. All of these events increase volatility in the cryptocurrency market, so it makes sense for an investor to consider the AMD price chart today.

This isn’t the first time members of the cryptocurrency community have raised the issue that FTX’s creator should be in jail. Some online users speculate that Sam Bankman-Fried could literally buy his freedom. Recall, it was previously revealed that the entrepreneur donated large sums of money to political parties.

Earlier we reported that Binance bought Sakura Exchange BitCoin in Japan.

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Hackers stole cryptocurrency worth $3.37 billion since the beginning of the year



how hackers steal cryptocurrency

In the 11 months since the beginning of the year, hackers stole $3.37 billion worth of cryptocurrency. According to PeckShield, cryptocurrency companies lost $1.3 billion to fraud in the fall alone.

Thus, in September there were 17 hacks, which resulted in losses of $171 million. Marketmaker Wintermute incurred losses of $160 million.

How do hackers steal cryptocurrency?

In October, hackers stole $760.2 million worth of cryptocurrency because of 44 hacking attacks. Then BNB Chain was hacked for $544 million, but the fraudsters could withdraw only $100 million of it – the other part of the funds were blocked by the developers. Then a hacker stole $1 million from the BitKeep cryptocurrency wallet by hacking it through a swap feature. Another hack came on Team Finance’s launchpad, which lost $14.5 million due to a smart contract migration feature bug.

There were 29 hacks in November that stole $391 million in various digital assets. Another $3 million was stolen from Skyward Finance based on the NEAR Protocol. An unknown hacker could “empty the reserves” of the project through a vulnerability in the smart contract. Note that due to global problems in the cryptocurrency market and the high cost of mining, even the NVIDIA price chart went down.

It was also reported that crypto exchange Coinsquare was hacked, but representatives of the company assured that customers’ assets “are safely stored in cold storage and are not at risk.”

Meanwhile, over the three months of the summer, cryptocurrencies suffered about $446 million in hacks. In June, the loss from 21 attacks was $227.76 million; in July, companies suffered losses from 12 hacks worth $10.2 million; and in August there were 18 attacks, which resulted in the loss of $208.5 million.

Earlier we reported that Terra Classic developers are launching an LUNC wallet.

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Largest bitcoin miners owe banks $4 billion



largest bitcoin miners

Now the largest bitcoin miners can’t pay back loans and give creditors hundreds of thousands of devices as collateral. This is reported by Bloomberg.

After the collapse of FTX crypto exchange, many companies that provided loans to largest bitcoin miners, including New York Digital Investment Group (NYDIG), Celsius Network, BlockFi Inc, Galaxy Digital, and the Foundry (a division of Digital Currency Group) are facing problems due to non-payment of loans.

Loans backed by mining equipment have become one of the most popular financing tools in the industry. Now, however, mining companies are having trouble making payments because of the drop in the bitcoin exchange rate and don’t have the funds to pay back the loans. Lenders cannot seize any assets from them other than cryptocurrency mining devices, the value of which has fallen 85% since last November. Even the Tesla price chart has gone down from that drop.

“We continue to take a cautious approach to risk-based financing in the mining industry. For example, in the third quarter, Galaxy’s mining division closed three existing leases totaling about $8 million,” said Michael Wursthorn, a Galaxy spokesperson.

Lenders are already paying attention to the surplus of mining equipment received after the loans are paid off. They are having to sell the equipment at a big discount or find data centers to mine bitcoins on their own. This surplus means that lenders could face further losses, given how saturated the market for mining equipment already is.

In November, mining company Iris Energy said it would not repay the loan it took out against the equipment and would prefer to develop other business operations instead. It said its two units registered to buy the equipment secured against it were not generating enough cash flow to service the line of credit.

Earlier, we reported that support for OpenSea Binance’s smart chain had appeared.

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