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Oxygen Protocol to list OXY tokens on BitMax

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BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the joint primary listing  of the Oxygen token (OXY) with auction facilitation for its platform users.

The auction will begin on Bitmax on March 11 at 9:00 a.m. EST and the listing will go live on March 16 at 9:00 a.m. EST.

Oxygen Protocol is an on-chain, decentralized, non-custodial prime brokerage built on the Serum DEX and ecosystem, running on fast Solana public blockchain, and seeded by the Maps.me 2.0’s massive userbase. Oxygen will start with a borrow-lending protocol before moving to recreate quasi-marketplace- business units that are typically part of investment banks and making them accessible to everyone.

Oxygen is built upon a pools-based infrastructure, wherein users can create a pool by depositing their assets and marking which ones to lend. The clearing price for Oxygen’s borrow-lending is market-based through on-chain order-book matching using Serum DEX, instead of a pre-set, manually adjusted market model.

Users can generate yield on their portfolio while borrowing other assets at the same time (multiple use of same collateral), maximize utility of their portfolio as collateral when borrowing, and interact with the Serum ecosystem and DEXes directly from their pools with streamlined in-pool trading.

Oxygen Protocol is order-book based, allowing users to get a fair price for borrowing/lending. Oxygen also enables multiple uses of the same collateral and the post of all your portfolio as collateral to borrow (meaning lower portfolio liquidation risk).

To drive the platform growth, Oxygen will be seeded with the 140M registered users from Maps.me’s userbase who will generate yield from their embedded wallets, jump-starting Oxygen as one of the largest fintech applications.

Oxygen is also built on Solana blockchain, which can support over 50,000 TPS, with block times of 400ms and transaction costs of approx.  $0.00001, indicating that Oxygen has scalability as a completely on-chain P2P borrow-lending and prime brokerage protocol.

Oxygen Protocol will use 100% of net revenue for the benefit of OXY token holders. Token

holders can decide on how exactly to direct the net revenue of Oxygen Protocol plus community fund

in terms of whether to buy, burn, offer staking yield or anything else.

About BitMax.io 

Launched in August 2018, BitMax.io is a leading digital asset trading platform with a broad range of financial products and services for both retail and institutional clients, with robust and innovative design ranging from cash to margin trading, derivatives trading, staking products, and other investment solutions.

For more information and updates, please visit:

Website Twitter Telegram Medium

About Oxygen Protocol

Oxygen Protocol is an on-chain, decentralized, non-custodial prime brokerage built on the Serum DEX and ecosystem, running on Solana, and seeded by the Maps.me 2.0’s massive userbase. 

For more information and updates, please visit:

Website: https://oxygen.trade/

Twitter: https://twitter.com/oxygen_trade

Telegram: https://t.co/dOTnuwRzWA?amp=1

Disclaimer: This article is a paid post and must not be considered as news/advice. 


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Source: https://ambcrypto.com/oxygen-protocol-to-list-oxy-tokens-on-bitmax/

Amb Crypto

XRP, Klaytn, Crypto.com Coin Price Analysis: 31 March

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XRP was projected to slip below its press time support level and head towards the $0.509-level. Klaytn’s on-chain metrics hinted at a deeper correction, while CRO’s bulls need to defend the $0.205-support over the next few trading sessions to avoid a breakdown.

XRP

Source: XRP/USD, TradingView

Over the last few days, XRP has traded largely within the levels of $0.58 and $0.54, with the market remaining in equilibrium between the buyers and sellers. However, that might change as the indicators pointed to a bearish short-term outcome. The Awesome Oscillator’s red bars moved below the half-line, while the MACD witnessed a bearish crossover. Significant trading volumes of over $4.4 billion suggested that investors were offloading the cryptocurrency, having taken advantage of the most recent price pump.

The next few sessions would add more clarity to the trajectory of XRP. If the press time support level is maintained, a bullish scenario could be possible over the short-term. With regards to the ongoing Ripple-SEC lawsuit, the XRP community welcomed a huge win after the court allowed Attorney John Deaton to file a motion to intervene in the lawsuit on behalf of XRP holders.

Klaytn [KLAY]

Source: KLAY/USDT, TradingView

With gains of nearly 180% in the month of March, Klaytn asserted itself as a dominant force in the crypto-market, even capturing the 14th spot on CoinMarketCap’s cryptocurrency rankings. At the time of writing, KLAY was trading at $3.8 with a market cap of slightly below $10 Billion. However, on the 4-hour timeframe, the price noted exhaustion as it reversed its trajectory from record levels.

The MACD witnessed a bearish crossover, while the Awesome Oscillator registered a series of red bars as momentum remained strong among the sellers. A breakdown from the press time support could lead to additional losses towards the next line of defense at $3.32, but the bulls can be expected to overturn this situation considering an overall bullish trajectory.

Crypto.com Coin [CRO]

Source: CRO/USD, TradingView

At press time, Crypto.com Coin just about held on to the $0.205-support after the price dropped by 5.5% in the last 24 hours. The RSI stabilized at 44 and suggested that the bulls could defend the present line of defense, but a bearish crossover in the MACD favored an opposite outcome. In the case of extended losses, the support levels could be found at $0.193 and $0.177.

For a recovery towards record highs, the market bulls need to reclaim the zone above the $0.229-resistance.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://eng.ambcrypto.com/xrp-klaytn-crypto-com-coin-price-analysis-31-march/

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Tron, Ontology, Dogecoin Price Analysis: 30 March

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Tron can be projected to break above its $0.067-resistance on the back of strong trading volumes and a bullish MACD. Ontology could retrace towards $1.47, but its uptrend was expected to remain intact. Finally, the technicals for Dogecoin reflected a balanced market since the price was trading between $0.056 and $0.052 on the charts.

Tron [TRX]

Source: TRX/USD, TradingView

Since a breakout above the $0.053-level, Tron has seen high volatility in the market. Huge swings carried the price towards its upper ceiling at $0.067, while the $0.053-support cushioned losses in the event of a southbound move.

At the time of writing, Tron had settled within a tight channel as volatility escaped the market, according to the Bollinger Bands. Nevertheless, trading volumes were just shy of the $2 billion-mark and a northbound breakout seemed possible over the next few sessions.  The MACD closed in on a bullish crossover and backed a favorable short-term outcome.

Ontology [ONT]

Source: ONT/USD, TradingView

The altcoin’s gains over the last 30 days amounted to over 90.2% as Ontology registered a strong uptrend since a comeback from late-February levels. However, the market did show some signs of exhaustion. The 24-hour trading volumes had dropped by 13%, while the indicators pointed towards a reversal.

The MACD witnessed a bearish crossover and the RSI continued its southbound trajectory from the upper zone. While a dip below $1.59 seemed unlikely, additional support levels could be found at $1.47 and $1.39 in a bearish scenario.

Dogecoin [DOGE]

Source: DOGE/USD, TradingView

The ADX on Dogecoin noted a reading of 13 as the price moved between $0.056 and $0.052. This underlined a weak trend in the market and sharp price movements were unlikely going forward. If the price does dip towards $0.05, then some buying opportunities can be presented. A hike above $0.06 would likely be matched by selling pressure, but stabilization at the aforementioned level would lead to bullish movement over the long run.

The Awesome Oscillator was bullish-neutral, with weak momentum in the market. A pickup in the same could signal a breakout, but the price was still dependent on cues from the broader market.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://eng.ambcrypto.com/tron-ontology-dogecoin-price-analysis-30-march/

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Chainalysis raises $100 million in latest funding round; company’s valuation crosses $2 billion

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Crypto and on-chain analysis company Chainalysis announced today that it raised $100 million in a Series D funding round with increased the company’s valuation to more than $2 billion.

Crypto investment company Paradigm led the latest funding round along with TIME Ventures, the investment fund of Marc Benioff. Other participants included Addition and Ribbit Capital, the companies that participated in Chainalysis’ earlier Series C and B rounds. 

According to data from CrunchBase, Chainalysis has so far raised a total of $266.6 million across eight funding rounds. A previous one took place on 23 November last year where the company raised $100 million in a Series C round. The company is funded by roughly 14 investors which also includes 9Yards Capital and Accel.

The analysis firm planned to use the new funds to “accelerate” its business growth, and “expand” its product portfolio. According to the company, the funds will allow them to continue their “mission to build trust in blockchains.”

The company described its future plans and stated that it intends to empower the regulatory infrastructure of the crypto industry. Chainalysis team is also building crypto-focused solutions for financial services providers and companies that offer crypto-related services. Asset managers and financial institutions, as well as government agencies, are on their agenda to help them “connect on-chain activity to other data sets.” 

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://eng.ambcrypto.com/chainalysis-raises-100-million-in-latest-funding-round-companys-valuation-crosses-2-billion/

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Head of Fidelity says wealth managers are in Bitcoin ‘education mode’

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As Bitcoin grows in popularity among mainstream adopters, Head of Fidelity Investments’ Mike Durbin offered a new counter-argument to the trend. According to him, a vast majority of companies are still in the “education mode,” when it came to cryptocurrencies. In an interview with Reuters Digital Assets Week, he said:

They know what they are doing, and more importantly, their end investor base also knows what they are doing – but the vast majority are still in the education mode

In addition, Durbin stated that the growth rate of Bitcoin or digital assets “will follow in that wake of broader alternative investments” and said: 

There’s still work to be done there to help advisors understand portfolio construction with these kinds of expressions. 

Late October last year, Fidelity Digital Asset Services (FDAS), the crypto subsidiary of Fidelity Investments partnered with the regulated Singapore-based investment manager, Stack Funds, to facilitate the increasing demand in cryptocurrencies among Asian investors with Stack Funds providing its clients with access to custody services at FDAS. 

In the same year, president and director of digital funds at Fidelity, Peter Jubber filed paperwork with the US Securities and Exchange Commission to plan to launch a new Bitcoin-focused fund. 

The group is often known as one of the earliest mainstream institutional adopters of Bitcoin, with its support for the crypto going all the way back to 2017. A year later, CEO of Fidelity, Abigail Johnson officially admitted that she had been mining the crypto asset, following which, the company began to prepare the launch of its Digital Assets wing.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://eng.ambcrypto.com/head-of-fidelity-says-wealth-managers-are-in-bitcoin-education-mode/

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