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Zort Automated Trading Platform comes online powered by the platform’s cryptocurrency

Suppose you haven’t heard about ZORT (or Zort Coin), a new cryptocurrency issued by the Zort project to empower its automated trading platform. In that case, you’re about to hear it mentioned very oft

The post Zort Automated Trading Platform comes online powered by the platform’s cryptocurrency appeared first on AMBCrypto.

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Suppose you haven’t heard about ZORT (or Zort Coin), a new cryptocurrency issued by the Zort project to empower its automated trading platform. In that case, you’re about to hear it mentioned very often.

Making a living as a daily trader in the world’s traditional financial markets (stock exchange, Forex, commodities, etc.) is quite hard. You need to be a specialist, know your technical analysis, be updated with the specialized news, know how to use the relevant online platforms, etc. It’s a full-time career. Mistakes are paid instantly with your own money. And we are talking about markets that have been around for centuries. The principles are supposedly well understood, and they have excellent liquidity.

And the cryptocurrency market is even more complicated than that. First of all, the assets in crypto are such that very few people really understand them. But the worse problem is that crypto’s liquidity remains much lower than, say, Forex.

That’s the total market capitalization, but the “local” liquidities — those of each individual trading platform — are even smaller. The result is that prices in cryptocurrencies typically fluctuate significantly very quickly. That’s a professional trader’s worst nightmare. That’s why we haven’t seen the first generation of cryptocurrency billionaires appear in the world. It’s not just hard. It’s very nearly impossible.

The Zort project knows how hard life can be in the cryptoverse. Yet, they think that every cryptonaut should profit in the cryptocurrency trade in an autonomous, secured way, which is also very simple. That’s what the new Zort trading platform is all about.

The idea in Zort is for users to create a new account, purchase a subscription, bring some money in, upload their wallet keys and let their automated blockchain AI system trade on their behalf. Then the user sits back and waits for the money to start rolling in.

Yes, really, it’s that simple.

The whole thing is made possible by the platform’s automated trading technology, which is constantly processing the cryptoverse’s market information in real-time and using it to make trading decisions for the platform’s customers.

But there’s another critical ingredient: ZORT. ZORT is a cryptocurrency issued by the project; powered by Zort technology, which is as secure as blockchain tech is believed to be. At first glance, it seems no different from any other cryptocurrency: you can hold it, buy it sell it. But first glances can deceive you.

The Zort coin (ZORT) is also the fuel that powers the trading platform as a utility currency. And it offers many exciting advantages for those who own some of it.

Suppose you have ZORT in your wallet, all your trading fees in the platform decrease by 50%. Consider that Zort’s bot is going to be trading on your behalf. That means that it will be trading pairs all the time, and each trade causes a fee to be collected.

Fees make it slower for you to gain profits. Having your trading costs cut by half accelerates considerably your account’s ability to go into the green zone. This feature alone is worth owning some ZORT if you are trading on the platform.

But there is more. ZORT pays 8% annual interest to its holders, no locks, and it’s paid monthly. So owning some coins drives your costs down and also gives you passive income. That’s all on top of the profits the Zort automated trading will acquire for you.

There’s something else to take into account. Services such as Zort’s are available in the traditional financial markets. But they are accessible only to the most prominent institutional players, so even if they are there, you can’t use them as an individual retail trader. Zort’s approach is innovative in this sense, too, because everybody can sign up for an account and use the platform. It’s a more egalitarian way of doing business.

Take a moment to think about what Zort intends to do for you. You don’t need to keep current on cryptocurrency news, study technical analysis, be a seasoned trader in any market, or have any previous experience as a cryptonaut.

You don’t even need to be much of a computer user because Zort’s platform is designed with maximal simplicity in mind, so you can have all your business set up with just a few clicks. You don’t need to be checking how your account is doing every few hours or even daily. You just allow Zort’s AI to do what it does best, fueled by ZORT at every step of the way.

In other words: your Zort account will turn the world’s riskiest and most erratic market in the world (cryptocurrencies) and will transform it into a source of passive income for you. All you need to take advantage of it is to join.

The Zort platform is about to go online in the next few days. It will bring a degree of automation never before seen in the cryptosphere –yes, there are other trading bots, but they perform rather sketchily; and just as importantly, it will bring ZORT to the trading pairs of the world.

Disclaimer: This is a paid post and should not be treated as news/advice. 

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Source: https://ambcrypto.com/zort-automated-trading-platform-comes-online-powered-by-the-platforms-cryptocurrency

Blockchain

Amazon Wants to Hire A Blockchain Executive Lead

Amazon has posted a job advertising on its website for a digital currency and blockchain executive lead, signalling potential crypto integration.

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Amazon has placed a job advertisement for a digital currency and blockchain executive lead on its website, indicating future crypto integration.

Amazon Posts A Position For A Blockchain Executive Lead

The job description seeks for someone to “own the vision and strategy for Amazon’s Digital Currency and Blockchain strategy and product roadmap,” as well as someone with a “Deep grasp of the digital / cryptocurrency ecosystem and associated technologies.”

The position would be located inside Amazon’s Payments Acceptance & Experience team and would “create Amazon’s Digital Currency and Blockchain strategy and product roadmap.”

While this appears to be a key position within the firm, it is not the only one based on blockchain. A job search for ‘blockchain’ on Amazon’s job board yields 73 results for various blockchain specialist and development positions.

“We believe that the future will be built on new technologies that enable modern, rapid, and inexpensive payments, and we intend to offer that future to Amazon customers as quickly as possible,” the company declared, according to Business Insider’s Eugene Kim.

Amazon Does Not Accept Cryptocurrency As Payment For Its Items

Amazon Web Services, the company’s cloud-computing division, provides a managed blockchain solution. 

However, Amazon does not accept cryptocurrency as payment for its items. Amazon CEO Andy Jassy (then CEO of AWS) stated in 2017 that the business was not especially focused on blockchain technology, while he admitted that Amazon was “watching it closely.”

Bitcoin and other digital currencies have gained in popularity in recent years, leading to increased institutional use. Facebook, which has funded a digital currency initiative called Diem, is another example of a technology company warming up to cryptocurrencies. 

In May, Apple said that it was seeking for a lead negotiator to form agreements with “alternative payments” partners, with cryptocurrencies listed as one possible area of competence.

READ  CRC’s Ratings Good News For BAT, IOTA; Not For Ripple

#Amazon #Amazon AWS #Amazon jobs #Amazon’s Digital Currency and Blockchain strategy #Amazon’s Payments Acceptance & Experience team #Andy Jassy #Blockchain #Crypto integration #Diem Digital Currency #Eugene Kim

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Source: https://www.cryptoknowmics.com/news/amazon-wants-to-hire-a-blockchain-executive-lead

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Canadian Border Town Halts Crypto Mining to Draw Up Regulations

Massena, a small New York town along the Canadian border has put the brakes on its crypto mining operations with a 90-day moratorium on new miners.

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Massena, a small New York town along the Canadian border has put the brakes on its crypto mining operations. The town has imposed a 90-day moratorium on new crypto miners, during which it will draw up fresh regulations to ensure that mining facilities and rigs are prevented from littering areas.

Canadian Border Town Suspends Crypto Mining Operations

As per a report published by the Associated Press, Massena has suspended all new mining operations for Bitcoin and other cryptocurrencies for 90 days. The town’s supervisor Steve O’Shaughnessy said that the decision was taken after trailers filled with mining equipment started popping up on the main road.

“We don’t want Massena to be filled up with these sea boxes throughout the town,” he asserted. “We don’t want it littered with these trailers that are pumping out Bitcoin.”

Town officials are planning to leverage the 90-day restriction to formulate rules that keep Massena’s roadsides uncluttered and make mining facilities more “presentable.” 

“We just want to make sure if they’re going to come here, that it’s a nice presentable building,” O’Shaughnessy stated.

Meanwhile, the town’s power supplier Massena Electric is in negotiations with three crypto miners. According to a WWNY report, the company is making sure that any deal it makes with these businesses protects its customers, who will also benefit from the increased sales. The energy supplier also has its own moratorium on working with new mining firms.

China’s Crypto Crackdown Brings Opportunities for Massena

Like many other North American towns, Massena has seen an influx of crypto miners ever since China banned mining operations in many of its provinces. Ousted companies scouring for greener pastures look towards the region for cheap electricity and legal support.

This bodes well for border communities that were hammered by job losses in factories for nearly a decade. The emergence of Bitcoin and other crypto mining companies indicates that new jobs are coming out and industrial activity is regaining its lost momentum in places like Massena.

As reported earlier, North America’s contribution to the global Bitcoin mining share is steadily increasing. The United States is now the second-largest hub for crypto mining with 17% of the world’s BTC miners. That is a staggering increase of 151% from last year’s mining rates in September. With more crypto miners flocking to the region, it’ll become easier for the industry to seek the support of regulators to continue their expansion in the future.

READ  Peter Schiff Says Tether Could Surpass ETH, Become 2nd Largest Crypto

#China Crypto Crackdown #Crypto Mining #Massena #North America

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Source: https://www.cryptoknowmics.com/news/canadian-border-town-halts-crypto-mining-to-draw-up-regulations

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Uniswap Labs Restricts Access to Some Tokenized Stocks and Derivatives on Protocol Interface

Uniswap Labs revealed in a blog posting that it is restricting access to tokenized stocks and derivatives on its supporting protocol interface.

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Uniswap Labs, the software development studio, revealed in a blog posting on Friday that it is restricting access to some tokens involving tokenized stocks and derivatives on its supporting protocol interface. The news came after the announcement by the regulators of the United States that they are going to increasingly watch out for these types of products.

Uniswap Labs Restricts Access to Tokenized Stocks and Derivatives

While explaining the decision of restricting the tokens following the announcement made by the US regulators, they mentioned the evolving regulatory scenario. The blog entry said:

“Consistent with actions taken by other Defi interfaces, we have taken the decision to restrict access to certain tokens through app.uniswap.org.”

Along with this, other crypto firms have canceled their tokenized stock products in recent weeks, and one such example is Binance. Though it should be noticed that Uniswap, unlike Binance, is a decentralized exchange and it is restricting access through its own interface. 

Gary Gensler, the Chairperson of the Securities and Exchange Commission said in a speech on Tuesday in front of the Bar Association that stock tokens on both centralized and decentralized platforms are required to be registered with the regulator.

Limited Access to over 100 Tokens

As stated by the Uniswap Labs, the statement read:

“Today, consistent with actions taken by other Defi interfaces, we have taken the decision to restrict access to certain tokens through app.uniswap.org. Importantly, the Uniswap Protocol — unlike the interface — is a set of autonomous, decentralized, and immutable smart contracts. It provides unrestricted access to anyone with an Internet connection.”

The SEC and CFTC have similarly led authoritative incursions into the token market and have targetted certain asset classes for possible fraud and illegal activities.

The Github repository has the list of all the tokens that are now going to become unsupported on the Uniswap web app and it was published by the Uniswap Labs. 

READ  Tokenized Stocks of Tesla, Facebook, Google Launched on Solana Blockchain

#Derivatives #Tokenized Stocks #Uniswap Labs

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Source: https://www.cryptoknowmics.com/news/uniswap-labs-restricts-access-to-some-tokenized-stocks-and-derivatives-on-protocol-interface

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Is London Hardfork Delayed Again? How Well Will Ethereum Price Hold Up?

eth rally

The post Is London Hardfork Delayed Again? How Well Will Ethereum Price Hold Up? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Elon Musks’ revelation that he holds Ethereum gave it the much-needed nudge to break above the $2000 psychological level, Since then ETH has been trading in green. However, ETH should now hold up well to continue the uptrend or a sideways action will bloom again. ETH has been trading in the $2,007.48 – $2,156.63 range, …

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Elon Musks’ revelation that he holds Ethereum gave it the much-needed nudge to break above the $2000 psychological level, Since then ETH has been trading in green. However, ETH should now hold up well to continue the uptrend or a sideways action will bloom again.

ETH has been trading in the $2,007.48 – $2,156.63 range, After opening the day at $2039 it has continued to rise and is trading at $2152 up by 4.1% in the last 24 hours. The weekly trend also looks good as it has risen 14.9% in the last 7 days. 

Popular Analyst and trader Rekt Capital has charted key levels for ETH to hold over the weekend. According to him, ETH should have a weekly candle close above $2058 to reclaim its multi-month higher low. 

While this is for the short term, making a long-term ultra bullish case for ETH is analyst Crypto Wolf on Twitter. The analyst says ETH will hit $4k in the next 6 months. When this scenario plays out ETH hitting $10K will be an obvious possibility.

London Hardfork to be delayed?

The much-awaited deployment of London Hardfork which was scheduled for Aug 4 can now be tentatively postponed. According to the ETH2 developers, the team will consider the optimal solution for network security, and any delay in the hard fork will be due to security concerns.

Prior to the London hard fork, the ETH2 developer team addressed the concerns of miners and traders. The team discovered and addressed a flaw in the code. However, if there are any more security issues, the hard fork may be postponed.

On the next AllCoreDevs call, the developers will debate the best technique for securing the Ethereum network.

With a possibility of delay in London Hardfork, ETH could fall short of a strong catalyst to uphold its price action. Hence, it is to be watched out for how ETH performs alongside the support of the broader crypto market.

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Source: https://coinpedia.org/ethereum/london-hardfork-delayed-again-will-ethereum-price-hold-up/

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