The first step to successful trading is the identification of medium- and short-term trends. Traders who remain on the right side of the trend and use risk management principles usually end up earning profits. An equally important activity in the trading process is calculating the entry. Many times, traders are afraid to pull the trigger in the optimal moment and end up missing a large part of the rally. As they see the markets move higher from the sidelines, the urge to buy keeps increasing, and many times, they end up buying near the top. To avoid such mistakes, it …

Among the many complications associated with cryptocurrencies like Bitcoin (BTC), a lack of knowledge and understanding of crypto is the biggest obstacle for wider adoption, according to a new survey. The Economist Intelligence Unit, the research and analysis division of the Economist Group, released a new report called “Digimentality 2021.” The study was commissioned by major payment and cryptocurrency platform Crypto.com and contains a consumer survey of 3,053 people conducted from February to March 2021. According to survey results, 51% of respondents said a lack of knowledge is the main barrier to the adoption of open-source cryptocurrencies like Bitcoin and …

The tech industry is notorious for its male-dominated culture, and unfortunately, the blockchain space may still be exhibiting this, at least for the time being. Although female cryptocurrency investors are on the rise, men still make up the majority of job positions within the blockchain sector. This could be due to a number of reasons, such as a lack of funding for female-led blockchain companies or the ever-present gender wage gap in tech. According to recent data collected by AI-driven marketplace Hired, female candidates for tech jobs received wages that were 3% lower than their male counterparts. While discouraging, women …

Technical analysis, the study of chart patterns, is a tool that helps traders increase their edge over others. This is done by keeping the trader on the right side of the trend and providing warnings when the trend is about to reverse. There are many indicators and patterns that can accomplish this task but there is no one particular indicator that fits the bill for all market conditions. Therefore, traders prefer to use a combination of indicators, which come in handy both during trending and range-bound markets. However, this does not mean the trader should clutter every chart with all …

The University of Pennsylvania received a $5 million donation in Bitcoin, which it has reportedly already exchanged for fiat. According to the university, an anonymous benefactor gifted UPenn’s Wharton School of Business $5 million in Bitcoin (BTC) — roughly 118.46 BTC at the time of publication — which will be used to support the Stevens Center for Innovation in Finance. However, UPenn senior vice president of development and alumni relations John Zeller told MarketWatch that the university immediately liquidates all crypto donations, large and small. “We sell it the moment it’s received,” said Zeller, adding that the university still had …

While it’s encouraging to see that the number of female crypto investors is on the rise, women participation within the blockchain technology sector remains low. This was recently confirmed in a report from the World Economic Forum, which found that the COVID-19 pandemic has pushed back gender parity by an entire generation. Vesselina Ratcheva, new economy and society lead for the World Economic Forum, further told Cointelegraph that women indeed remain a minority in the blockchain industry. Funding of women-led blockchain projects Fortunately, a number of new funding initiatives are being offered to drive female participation within the blockchain sector. …

One of the original allures of cryptocurrency is the narrative that using them provides the sender or recipient anonymously, but this is a common misconception within the sector. In reality, Bitcoin (BTC) and many other cryptocurrencies are easily traceable. Proof of this came earlier this week when on April 27, U.S. authorities arrested the mastermind of Bitcoin Fog, a darknet-based BTC mixing service. Authorities were able to capture the operator after analyzing ten years of blockchain data. One doesn't need to be a forensic analyst to know that every single transaction is tied up to addresses on the blockchain and …

Input Output Hong Kong, or IOHK, is helping the government of Ethiopia leverage blockchain technology to overhaul its education system. The research and development arm behind Cardano is deploying its expertise to provide Ethiopian authorities with a new system for student and teacher identification, digital grade verification and the remote monitoring of school performance. IOHK’s Atala PRISM ID will allow authorities to create a tamper-proof record of educational performance for five million students across 3,500 schools. It will also enable the Ethiopian government to narrow down locations and causes of educational under-achievement. John O’Connor, the director of IOHK’s Africa Operations …

Momentum trading driven by retail investors seems to have taken on a new life since the onset of the global standstill occasioned by the ongoing coronavirus pandemic. Where celebrity challenges used to dominate viral trends on social media, issues relating to personal finance and investments seem to be as popular these days. This increasing interest in the financial markets from workaday folks has also spread to the crypto space as digital currencies posted sharp price recoveries from the slumps that characterized the Black Thursday crash of March 12, 2020. While interest is palpable, some gatekeepers question whether the new generation …

Blockchain associations from Australia and five Southeast Asian nations are joining forces to promote blockchain development and education. Blockchain organizations from Australia, Singapore, Malaysia, Thailand, Indonesia and the Philippines signed a memorandum of understanding Thursday to promote blockchain collaboration in the Asia Pacific, Business Times reports. Initiated by Blockchain Association Singapore, or BAS, the MoU aims to engage with regulators to ensure legal compliance alongside raising industry awareness and education through a new blockchain consortium called the ASEAN Blockchain Consortium, or ABC. The ABC includes BAS, Blockchain Australia, Distributed Ledger Technology Association of the Philippines, Malaysia’s Labuan International Business and …

United Kingdom-based crypto exchange TeraBlock announced the completion of a funding round that will reportedly provide an on-ramp for new crypto users. In an announcement on Monday, TeraBlock said it secured $2.4 million in funding from major investors including AU21 Capital, Blockchain.com, Blocksync Ventures, BTX Capital, CryptoDormFund and others. The platform was reportedly developed with newbies in mind, providing automation tools that allow users to buy and sell crypto when they’re unfamiliar with the space. “We believe there is pent-up demand for a more comprehensive and easy to use solution for onboarding users to the cryptocurrency ecosystem,” said TeraBlock chief …

Kevin McCarthy, the minority leader in the United States House of Representatives, hinted that both the current secretary of the treasury and the chair of the Federal Reserve may need to reevaluate their positions on crypto. Speaking on CNBC's Squawk Box this morning, host Joe Kernen asked the Republican lawmaker whether either Treasury Secretary Janet Yellen or Fed Chair Jerome Powell had a “good understand of digital currencies or Bitcoin.” In regards to Bitcoin (BTC), McCarthy claimed that both the officials had “tried to ignore it to make it go away,” while urging those in government to see the potential …