For the first time in recorded history, the cryptocurrency crossed $2 Trillion market capitalization last week. Since the surge, the global cryptocurrency market cap stands at 1.97 Trillion Dollars at the time of this writing.

The crypto analyst, researcher and investor @Secrets of crypto had predicted in January that the altcoin season was starting.

But, what’s interesting to witness is the repeated failed efforts of Bitcoin to breakthrough $60,000 resistance, paralleled with industry’s latest leg-up from surge in crypto market value to $2T . The events indicating the possibility that the altcoin season is on the rise.

Evidence of past…

It all starts from a public or a private blockchain. The first concern is related to the user’s privacy. A blockchain should hide the voter’s cast. This process is achievable by using zero-knowledge proofs or encryption methods.

Secondly, each citizen must register and prove their identity. The voter needs to have a unique identification ID. Voters can submit a passport or biometrics like a fingerprint. After that, the identity is recorded on the blockchain associated with that user’s private key and public key.

Instead of a ballot box to cast a vote, a voting token and a smart contract can…

A piece of exciting news comes for the cryptocurrency community. In a recent announcement, Paypal introduced a new way for customers to pay for their purchases and businesses to receive payments. “Check out with crypto” a feature in Paypal enables Paypal customers in the US to check out their purchases using cryptos. The move will add great utility to cryptocurrency use.

CEO of Paypal, Dan Schulman shared the company’s vision with cryptos saying “Enabling cryptocurrencies to make purchases at businesses around the world is the next chapter in driving the ubiquity and mass acceptance of digital currencies.’’ The launch of…

Crypto world is growing day by day. We create XcelToken Plus for convenient and safe use.

XcelToken Plus is a digital Decentralized Digital Assets, general-purpose utility token based on the ERC20 Ethereum protocol. It helps hotels, restaurants and marketing partners earn while participating, while travelers enjoy the benefits of a learner eco-system.

But some historical facts can show the revolution of money and digital currency. In 1661, banking institutions and their own state-sponsored banknotes were created in Sweden. Then a bank was created in England. Special laws and policies were created to prevent counterfeiting and various types of fraud. …

The trading market is brutal, but there is nothing as brutal as a strategy to inflict maximum pain on one’s trading counterparty. There is even a word for it, they call it “max pain”. The much-anticipated $6 Billion Bitcoin options contract expiry is going to inject some volatility into the market. Nevertheless, by the end of the week potential downward pressure may no longer exist.

Max-Pain Theory explains the phenomenon of maximum pain price. It is a price point or strike price (K) at which the underlying asset ( stock or Bitcoin) will cause the greatest financial loss for the…

According to a report by local news publication Today Ng, the Central Bank of Nigeria (CBN) has clarified its stance towards bitcoin (BTC) and other cryptocurrencies, making it clear that crypto traders in the country are free to carry out their operations on a peer-to-peer basis, as its ban did not outlaw the use of cryptos, but it’s rather an effort to protect lenders under its purview.

Earlier in February 2021, the CBN sent out a statement to financial institutions under its purview, reminding them that they are not allowed to service exchanges and bitcoin.

“The CBN circular of January…

Cryptocurrencies both Bitcoin and Altcoins have gained immense popularity in recent times. With the Market Capitalization standing close to 1.7 Trillion Dollars, investing in cryptocurrency has become as valuable as investing in any Big-Tech like Apple, Google, or Facebook. As more traders join the cryptocurrency industry, they look to grasp concepts that can help them analyze the prices of cryptocurrency. One such trading concept is Support and Resistance.

Among other things, Support and Resistance are technical indicators that can be used to analyze price movement and make buying or selling decisions at certain price points.

Support Support is a price…

Blockchain technology has endless possibilities which opened many doors across many industries in its application to improve processes. Payment processing and money transfers are cheaper. Transactions are more secure and contracts are made smarter. Its adoption is widespread, so it’s not surprising that Blockchain technology becomes commonplace in everyday processes you encounter on a daily basis.

XCELLAB has created XcelToken Plus a crypto asset to fuel crypto adoption across multiple platforms & drive crypto usage into the mainstream ecosystem. …

Altcoins are cryptocurrencies that are considered as alternatives to Bitcoin. They provide investors with unique opportunities to diversify their risk. In this article, we will provide tips to trade in Altcoins.

Broadly speaking, Altcoins trading strategies can be categorized into long-term and short-term strategies.

Short-Term Trading Strategy

Traders following this strategy hold their cryptocurrencies for a few minutes, hours, or weeks.

In this trading strategy, traders buy altcoins assuming that the price of altcoin will rise within a short time, and by selling-off their altcoins, traders can make profits.

Because Altcoins experience quick swings, traders have the opportunity to make…

J.P. Morgan Cryptocurrency Exposure Basket, the incoming debt instrument, is long on MicroStrategy (20%) Square (18%), Riot Blockchain (15%) and chipmaker NVIDIA (15%) with positions in 11 companies total. It does not invest directly in cryptos, according to the prospectus.

Just weeks after JPMorgan Chase published a report warning that traditional financial companies are at risk of falling behind in digital finance, the largest U.S. bank is looking to issue debt linked to cryptocurrency-focused companies.

The basket companies “operate businesses that we believe to be, directly or indirectly, related to cryptocurrencies or other digital assets, including as a result of…

XcelToken Plus

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store