عريف يحيى
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Price movements on cryptocurrency exchanges are very volatile and very susceptible to global issues. The rapid rise and fall of crypto prices is one of the attractions for some crypto investors to trade and make quick profits. However, on the one hand, the volatility of crypto prices makes it difficult to use as a store of value.
Stablecoins were created to overcome this problem. It combines the advantages of crypto assets and fiat currencies. Namely, fast transaction processing and security/privacy of crypto assets, but with a stable value. USDT and USDC are stablecoins that are widely used on cryptocurrency exchanges today. To find out what the differences are between USDT and USDC, you can read the following article.
Article Summary
USDT and USDC are crypto assets whose value is equivalent to the US dollar. In other words, the value of 1 USDT or 1 USDC is equal to 1 US dollar. Both have a stable value compared to other crypto assets, so they are categorized as stablecoins.
USDT was launched in 2014 and issued by Tether Limited, while USDC was launched in 2018 by Centre, a partnership between Circle and Coinbase.
USDT and USDC are the most popular stablecoins and are often used on various cryptocurrency exchanges in the world. Both have the largest circulating supply as stablecoins at the time of writing (10/10) ranked third and fourth respectively based on data from Coinmarketcap.$USDC
Stablecoins were created to overcome this problem. It combines the advantages of crypto assets and fiat currencies. Namely, fast transaction processing and security/privacy of crypto assets, but with a stable value. USDT and USDC are stablecoins that are widely used on cryptocurrency exchanges today. To find out what the differences are between USDT and USDC, you can read the following article.
Article Summary
USDT and USDC are crypto assets whose value is equivalent to the US dollar. In other words, the value of 1 USDT or 1 USDC is equal to 1 US dollar. Both have a stable value compared to other crypto assets, so they are categorized as stablecoins.
USDT was launched in 2014 and issued by Tether Limited, while USDC was launched in 2018 by Centre, a partnership between Circle and Coinbase.
USDT and USDC are the most popular stablecoins and are often used on various cryptocurrency exchanges in the world. Both have the largest circulating supply as stablecoins at the time of writing (10/10) ranked third and fourth respectively based on data from Coinmarketcap.$USDC
#BigTechStablecoin Growing momentum for United States stablecoin regulation is reportedly pushing major tech firms like Apple, X, and Airbnb to explore digital token integration
According to a June 6 report from Fortune, at least four tech companies, including Apple, X, Airbnb and Google, are exploring stablecoins as a means to lower fees and improve cross-border payments. Each company is in a different stage of implementation, with Google perhaps the farthest ahead, having facilitated two stablecoin payments already.
Payment infrastructure companies are playing a role. For example, Airbnb has been talking with Worldpay about using stablecoins, seeking to cut fees from credit card payment processors like Visa and Mastercard.
Social platform X has been talking with crypto companies about integrating stablecoins into its X Money app, the report says. Elon Musk has previously stated that he wants to broaden X's reach to allow users to send and receive money. The company has already pursued money transmitter licenses across the US.
A spokesperson for Google Cloud told Cointelegraph that the company is “focused on responding to customer demand for efficient, 24/7 payments” and is “evaluating stablecoins that allow us to provide that in a safe and sound manner.” The tech giant is also helping its customers to explore stablecoins by offering its ledger technology.
Stablecoins have become one of crypto's most popular use cases. The market capitalization for such assets has risen to $249.3 billion from $131.3 billion since January 2024, a jump of 90%.
According to a June 6 report from Fortune, at least four tech companies, including Apple, X, Airbnb and Google, are exploring stablecoins as a means to lower fees and improve cross-border payments. Each company is in a different stage of implementation, with Google perhaps the farthest ahead, having facilitated two stablecoin payments already.
Payment infrastructure companies are playing a role. For example, Airbnb has been talking with Worldpay about using stablecoins, seeking to cut fees from credit card payment processors like Visa and Mastercard.
Social platform X has been talking with crypto companies about integrating stablecoins into its X Money app, the report says. Elon Musk has previously stated that he wants to broaden X's reach to allow users to send and receive money. The company has already pursued money transmitter licenses across the US.
A spokesperson for Google Cloud told Cointelegraph that the company is “focused on responding to customer demand for efficient, 24/7 payments” and is “evaluating stablecoins that allow us to provide that in a safe and sound manner.” The tech giant is also helping its customers to explore stablecoins by offering its ledger technology.
Stablecoins have become one of crypto's most popular use cases. The market capitalization for such assets has risen to $249.3 billion from $131.3 billion since January 2024, a jump of 90%.
#CryptoFees101 Crypto fees, in the context of “Crypto 101,” generally refer to the fees charged when making a transaction or trading cryptocurrency. These fees can vary depending on several factors, such as the type of transaction, the platform used, and the type of crypto being traded.
Here are some common types of fees in crypto:
Transaction Fees:
A fee charged by the blockchain network when processing a transaction. These fees are often referred to as “gas fees” or “network fees.”
Trading Fees:
A fee charged by an exchange or trading platform when you buy or sell crypto. These fees can be a percentage or a flat fee.
Withdrawal Fees:
A fee charged when you withdraw crypto from an exchange or wallet to another wallet.
Factors Affecting Crypto Fees:
Transaction Type:
More complex or large transactions may incur higher fees.
Platform Used:
Some platforms may charge higher fees than others.
Crypto Types:
Some cryptos may have higher transaction fees due to the network they use.
Blockchain Networks:
Crowdier networks or networks with high transaction volumes may charge higher transaction fees.
Market Conditions:
When the market is busy, transaction fees may increase due to high demand.
Fee Examples:
Bitcoin:
Bitcoin transaction fees can range from a few cents to a few dollars, depending on network conditions.
Ether:
Ether transaction fees (gas fees) also vary, but are generally lower than Bitcoin.
Crypto Apps:
Some crypto apps charge a low percentage fee for transactions, such as 0.1% to 1%.
Tips for Minimizing Crypto Fees:
Choose a Platform with Low Fees:
Look for a trading platform that charges low fees or has a transparent fee system.
Wait for a Quieter Market:
Avoid trading during busy market hours, as transaction fees may increase.
Choosing the Right Crypto Type:
Some crypto types may have lower transaction fees than others.
Looking for Alternatives for Withdrawals:
Some platforms offer cheaper or free withdrawal methods.
Here are some common types of fees in crypto:
Transaction Fees:
A fee charged by the blockchain network when processing a transaction. These fees are often referred to as “gas fees” or “network fees.”
Trading Fees:
A fee charged by an exchange or trading platform when you buy or sell crypto. These fees can be a percentage or a flat fee.
Withdrawal Fees:
A fee charged when you withdraw crypto from an exchange or wallet to another wallet.
Factors Affecting Crypto Fees:
Transaction Type:
More complex or large transactions may incur higher fees.
Platform Used:
Some platforms may charge higher fees than others.
Crypto Types:
Some cryptos may have higher transaction fees due to the network they use.
Blockchain Networks:
Crowdier networks or networks with high transaction volumes may charge higher transaction fees.
Market Conditions:
When the market is busy, transaction fees may increase due to high demand.
Fee Examples:
Bitcoin:
Bitcoin transaction fees can range from a few cents to a few dollars, depending on network conditions.
Ether:
Ether transaction fees (gas fees) also vary, but are generally lower than Bitcoin.
Crypto Apps:
Some crypto apps charge a low percentage fee for transactions, such as 0.1% to 1%.
Tips for Minimizing Crypto Fees:
Choose a Platform with Low Fees:
Look for a trading platform that charges low fees or has a transparent fee system.
Wait for a Quieter Market:
Avoid trading during busy market hours, as transaction fees may increase.
Choosing the Right Crypto Type:
Some crypto types may have lower transaction fees than others.
Looking for Alternatives for Withdrawals:
Some platforms offer cheaper or free withdrawal methods.
#CryptoSecurity101 Crypto security, or crypto security 101, is all about protecting digital assets and transactions in the cryptocurrency world. It involves understanding threats, such as hacks, and implementing precautions to safeguard users’ funds and privacy.
Key Aspects of Crypto Security:
Understanding Threats:
Hack: A code or error check on a crypto platform that can be exploited by an attacker.
Phishing: A scam that attempts to obtain a user’s personal information or private keys.
Wallet Security: Safeguarding the wallet’s private keys, which allow access to crypto assets.
Scam: A scam that takes advantage of a user’s excitement or anticipation for cryptocurrencies.
Precautions:
Using a Safe Wallet: Choosing a wallet that is proven to be safe and well-known, and understanding its security features.
Securing Private Keys: Storing private keys safely and not sharing them with anyone.
Using Strong Passwords: Using unique, strong passwords and avoiding easy-to-guess passwords.
Phishing Prevention: Be wary of suspicious links or requests, and never enter personal information or private keys into unsecured sites.
Platform Security Monitoring: Ensure that the crypto platform you are using is reputable and has taken adequate security measures.
Key Aspects of Crypto Security:
Understanding Threats:
Hack: A code or error check on a crypto platform that can be exploited by an attacker.
Phishing: A scam that attempts to obtain a user’s personal information or private keys.
Wallet Security: Safeguarding the wallet’s private keys, which allow access to crypto assets.
Scam: A scam that takes advantage of a user’s excitement or anticipation for cryptocurrencies.
Precautions:
Using a Safe Wallet: Choosing a wallet that is proven to be safe and well-known, and understanding its security features.
Securing Private Keys: Storing private keys safely and not sharing them with anyone.
Using Strong Passwords: Using unique, strong passwords and avoiding easy-to-guess passwords.
Phishing Prevention: Be wary of suspicious links or requests, and never enter personal information or private keys into unsecured sites.
Platform Security Monitoring: Ensure that the crypto platform you are using is reputable and has taken adequate security measures.
Crypto security, or crypto security 101, is all about protecting digital assets and transactions in the cryptocurrency world. It involves understanding threats, such as hacks, and implementing precautions to safeguard users’ funds and privacy.
Key Aspects of Crypto Security:
Understanding Threats:
Hack: A code or error check on a crypto platform that can be exploited by an attacker.
Phishing: A scam that attempts to obtain a user’s personal information or private keys.
Wallet Security: Safeguarding the wallet’s private keys, which allow access to crypto assets.
Scam: A scam that takes advantage of a user’s excitement or anticipation for cryptocurrencies.
Precautions:
Using a Safe Wallet: Choosing a wallet that is proven to be safe and well-known, and understanding its security features.
Securing Private Keys: Storing private keys safely and not sharing them with anyone.
Using Strong Passwords: Using unique, strong passwords and avoiding easy-to-guess passwords.
Phishing Prevention: Be wary of suspicious links or requests, and never enter personal information or private keys into unsecured sites.
Platform Security Monitoring: Ensure that the crypto platform you are using is reputable and has taken adequate security measures.
#cryptosecurity101
Key Aspects of Crypto Security:
Understanding Threats:
Hack: A code or error check on a crypto platform that can be exploited by an attacker.
Phishing: A scam that attempts to obtain a user’s personal information or private keys.
Wallet Security: Safeguarding the wallet’s private keys, which allow access to crypto assets.
Scam: A scam that takes advantage of a user’s excitement or anticipation for cryptocurrencies.
Precautions:
Using a Safe Wallet: Choosing a wallet that is proven to be safe and well-known, and understanding its security features.
Securing Private Keys: Storing private keys safely and not sharing them with anyone.
Using Strong Passwords: Using unique, strong passwords and avoiding easy-to-guess passwords.
Phishing Prevention: Be wary of suspicious links or requests, and never enter personal information or private keys into unsecured sites.
Platform Security Monitoring: Ensure that the crypto platform you are using is reputable and has taken adequate security measures.
#cryptosecurity101
#TrumpVsMusk It Was Predictable
Many observers have suggested the rift was only a matter of time. Both men have big egos, aggressive communication styles, and a penchant for direct messaging on social media. But the escalation is remarkable, considering that just six days ago, Trump and Musk appeared together at the White House for a press conference in which they praised each other.
Musk previously served as head of the Department of Government Efficiency, a strategic position he used to push for federal spending cuts and bureaucratic red tape. But his policies have sparked clashes with a number of cabinet ministers and damaged internal relationships.
"Look, Elon and I have a great relationship. But I don't know if that's still the case," Trump told reporters.
The rift escalated when Musk sharply criticized Trump's proposed tax and spending bill, calling it a "disgusting bill" that could add between $2.4 trillion and $5 trillion to the national debt.
Trump accused Musk of being angry because the bill eliminated tax incentives for electric vehicles. "He's just upset that he's losing the benefits of the electric car tax credit," Trump said.
Musk denied the move, saying he didn't mind the elimination of incentives as long as the "mountain of waste" was also eliminated. He even conducted a poll for his 220 million followers: "Is it time for a new political party that represents the 80% of the people in the middle?"
Many observers have suggested the rift was only a matter of time. Both men have big egos, aggressive communication styles, and a penchant for direct messaging on social media. But the escalation is remarkable, considering that just six days ago, Trump and Musk appeared together at the White House for a press conference in which they praised each other.
Musk previously served as head of the Department of Government Efficiency, a strategic position he used to push for federal spending cuts and bureaucratic red tape. But his policies have sparked clashes with a number of cabinet ministers and damaged internal relationships.
"Look, Elon and I have a great relationship. But I don't know if that's still the case," Trump told reporters.
The rift escalated when Musk sharply criticized Trump's proposed tax and spending bill, calling it a "disgusting bill" that could add between $2.4 trillion and $5 trillion to the national debt.
Trump accused Musk of being angry because the bill eliminated tax incentives for electric vehicles. "He's just upset that he's losing the benefits of the electric car tax credit," Trump said.
Musk denied the move, saying he didn't mind the elimination of incentives as long as the "mountain of waste" was also eliminated. He even conducted a poll for his 220 million followers: "Is it time for a new political party that represents the 80% of the people in the middle?"
BITCOIN TODAY
The price of Bitcoin (BTC) is under pressure, although not too much, in trading this Friday. Based on the latest data from CoinMarketCap, on Friday (6/6/2025) afternoon, the price of Bitcoin was recorded at around USD 102,637.66 per coin or around IDR 1.668 billion (assuming an exchange rate of IDR 16,275 per US dollar).
In the last 24 hours, Bitcoin has weakened by 2.50%. Meanwhile, if calculated over the past week, the price of the world's largest crypto asset has fallen by 3.28%.
Bitcoin's daily trading volume was recorded at USD 59.44 billion, while the market capitalization touched USD 2.03 trillion. With this figure, Bitcoin remains firmly in the top position as the crypto with the largest market capitalization.
Bitcoin hit its highest price on May 23, 2025 at USD 111,936.17 per coin. Bitcoin's supply is set at a maximum of 21 million, while the current circulating supply has reached 19.87 million.
Bitcoin is the world's first digital currency (cryptocurrency) created in 2009 by a person or group of people under the pseudonym Satoshi Nakamoto.
British multinational bank Standard Chartered has again rocked the crypto world with its latest prediction. According to Standard Chartered, the price of Bitcoin could reach USD 500,000 or equivalent to IDR 8.1 billion (assuming an exchange rate of IDR 16,294 per US dollar) before Donald Trump ends his second term as President of the United States.
Reporting from Coinmarketcap, Friday (6/6/2025), this bold prediction emerged after Bitcoin broke through USD 111,000 or equivalent to IDR 1.8 billion, which made market sentiment excited again. Many analysts have begun to speculate about the potential for a price spike in the future, and Standard Chartered is among the most optimistic.
According to Standard Chartered's calculations, if Donald Trump is indeed re-elected and inaugurated on January 20, 2025, his term of office will last until January 20, 2029. In the four-year period, the bank estimates that the price of Bitcoin could rise by more than 358,000%, reaching half a million US dollars per BTC.
Head of Global Digital Asset Research at Standard Chartered, Geoffrey Kendrick explained that the biggest driver of this price spike came from increasing institutional interest.
“The 13F data from the U.S. Securities and Exchange Commission supports our core thesis that Bitcoin will hit $500,000 before Trump leaves office. Bitcoin is attracting a lot of institutional players.” Geoffrey Kendrick$BTC
In the last 24 hours, Bitcoin has weakened by 2.50%. Meanwhile, if calculated over the past week, the price of the world's largest crypto asset has fallen by 3.28%.
Bitcoin's daily trading volume was recorded at USD 59.44 billion, while the market capitalization touched USD 2.03 trillion. With this figure, Bitcoin remains firmly in the top position as the crypto with the largest market capitalization.
Bitcoin hit its highest price on May 23, 2025 at USD 111,936.17 per coin. Bitcoin's supply is set at a maximum of 21 million, while the current circulating supply has reached 19.87 million.
Bitcoin is the world's first digital currency (cryptocurrency) created in 2009 by a person or group of people under the pseudonym Satoshi Nakamoto.
British multinational bank Standard Chartered has again rocked the crypto world with its latest prediction. According to Standard Chartered, the price of Bitcoin could reach USD 500,000 or equivalent to IDR 8.1 billion (assuming an exchange rate of IDR 16,294 per US dollar) before Donald Trump ends his second term as President of the United States.
Reporting from Coinmarketcap, Friday (6/6/2025), this bold prediction emerged after Bitcoin broke through USD 111,000 or equivalent to IDR 1.8 billion, which made market sentiment excited again. Many analysts have begun to speculate about the potential for a price spike in the future, and Standard Chartered is among the most optimistic.
According to Standard Chartered's calculations, if Donald Trump is indeed re-elected and inaugurated on January 20, 2025, his term of office will last until January 20, 2029. In the four-year period, the bank estimates that the price of Bitcoin could rise by more than 358,000%, reaching half a million US dollars per BTC.
Head of Global Digital Asset Research at Standard Chartered, Geoffrey Kendrick explained that the biggest driver of this price spike came from increasing institutional interest.
“The 13F data from the U.S. Securities and Exchange Commission supports our core thesis that Bitcoin will hit $500,000 before Trump leaves office. Bitcoin is attracting a lot of institutional players.” Geoffrey Kendrick$BTC
Market Cap Drops $13 Billion: Sign of Weakness or Waiting Phase?
The global crypto market has shown significant weakness in the past 24 hours. Total market capitalization (TOTAL) has shrunk by $13 billion, dropping to $3.25 trillion (5/6).
This decline is not a reflection of panic, but rather a signal that the market is in a consolidation phase, a situation where investors tend to be passive while waiting for a stronger directional signal.
TOTAL itself is trapped in a narrow range of $3.21 trillion–$3.31 trillion. This reflects that there is no major selling pressure, but there is also no significant buying pressure.
Trading volume tends to be thin, reinforcing the assumption that market players are currently choosing to wait.$BTC
The global crypto market has shown significant weakness in the past 24 hours. Total market capitalization (TOTAL) has shrunk by $13 billion, dropping to $3.25 trillion (5/6).
This decline is not a reflection of panic, but rather a signal that the market is in a consolidation phase, a situation where investors tend to be passive while waiting for a stronger directional signal.
TOTAL itself is trapped in a narrow range of $3.21 trillion–$3.31 trillion. This reflects that there is no major selling pressure, but there is also no significant buying pressure.
Trading volume tends to be thin, reinforcing the assumption that market players are currently choosing to wait.$BTC
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#CircleIPO ffUSDC or USD Coin is a stablecoin whose value is pegged 1:1 to the US dollar or can be said to be a digital dollar. Stablecoin is a crypto asset that has the same value as a certain asset, such as currency and gold. USDC is issued by the Centre Consortium, a collaboration between Circle Internet Financial and Coinbase. USDC is the most liquid stablecoin because its entire asset reserves are 100% cash (US dollars) and short-term US government bonds. The funds are also managed by leading US companies such as Blackrock and BNY Mellon.
#TradingPairs101 In the context of trading, a "pair" refers to two assets that are traded against each other in the financial markets. The term is most often used in forex (currency) and cryptocurrency trading, but can also be applied to other assets.
Here's a more detailed explanation:
Forex Trading:
In forex trading, a "pair" is a pair of currencies being traded, such as EUR/USD (Euro/US Dollar) or GBP/JPY (Pound Sterling/Japanese Yen). When you buy or sell a currency pair, you are actually trading on the change in the exchange rate between the two currencies.
Cryptocurrency Trading:
In cryptocurrency trading, a "pair" is a combination of two digital assets being traded, such as BTC/ETH (Bitcoin/Ethereum) or ETH/USD (Ethereum/US Dollar). You can use one digital asset to buy another digital asset, or with fiat currency (such as dollars, euros, or rupiah).
Pairs Trading:
This is an investment strategy that focuses on the price differences between two similar securities. Traders will look for opportunities when the prices of the two securities deviate from their historical averages, and then bet on a reversal of the price comparison.
Examples of Pair Types in Forex:
Major Pair: A currency pair involving major currencies, such as USD, EUR, GBP, and JPY. Major pairs are usually very liquid and volatile.
Cross Pair: A currency pair that does not involve the USD, such as EUR/GBP or EUR/JPY.
Exotic Pair: A currency pair involving currencies from countries with less strong or less liquid economies.
Here's a more detailed explanation:
Forex Trading:
In forex trading, a "pair" is a pair of currencies being traded, such as EUR/USD (Euro/US Dollar) or GBP/JPY (Pound Sterling/Japanese Yen). When you buy or sell a currency pair, you are actually trading on the change in the exchange rate between the two currencies.
Cryptocurrency Trading:
In cryptocurrency trading, a "pair" is a combination of two digital assets being traded, such as BTC/ETH (Bitcoin/Ethereum) or ETH/USD (Ethereum/US Dollar). You can use one digital asset to buy another digital asset, or with fiat currency (such as dollars, euros, or rupiah).
Pairs Trading:
This is an investment strategy that focuses on the price differences between two similar securities. Traders will look for opportunities when the prices of the two securities deviate from their historical averages, and then bet on a reversal of the price comparison.
Examples of Pair Types in Forex:
Major Pair: A currency pair involving major currencies, such as USD, EUR, GBP, and JPY. Major pairs are usually very liquid and volatile.
Cross Pair: A currency pair that does not involve the USD, such as EUR/GBP or EUR/JPY.
Exotic Pair: A currency pair involving currencies from countries with less strong or less liquid economies.
#Liquidity101 What Is Liquidity?
When an asset can be efficiently converted into ready cash without affecting its market value, it is considered a liquid asset. The ability to convert it quickly and efficiently is called liquidity. Consequently, the availability of cash to make such conversions is the biggest influence on whether a market can move efficiently.
The more liquid an asset is, the easier and more efficient it is to turn it back into cash. Less liquid assets take more time and may have a higher cost.
When an asset can be efficiently converted into ready cash without affecting its market value, it is considered a liquid asset. The ability to convert it quickly and efficiently is called liquidity. Consequently, the availability of cash to make such conversions is the biggest influence on whether a market can move efficiently.
The more liquid an asset is, the easier and more efficient it is to turn it back into cash. Less liquid assets take more time and may have a higher cost.
#OrderTypes101 What are order types? In the world of stock trading and financial markets, order types are instructions given by investors to their brokers or trading platforms on how to execute a trade. These instructions dictate the price, timing, and conditions under which a trade should be carried out. Understanding the different order types is crucial for effective trading strategies and can significantly impact your investment outcomes.
Importance of using different order types. Utilising various order types allows traders to have greater control over their trade execution. Different order types can help manage risks, optimise entry and exit points, and adapt to market conditions. Whether you're a beginner or an experienced trader, knowing when and how to use these orders can enhance your trading performance.
Importance of using different order types. Utilising various order types allows traders to have greater control over their trade execution. Different order types can help manage risks, optimise entry and exit points, and adapt to market conditions. Whether you're a beginner or an experienced trader, knowing when and how to use these orders can enhance your trading performance.
#CEXvsDEX101 What is a market pair in the crypto world?
INDODAX
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Digital Assets
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In the cryptocurrency world, the term "market pair" refers to two digital assets that are traded against each other on an exchange. This pair allows users to buy one type of digital asset with another digital asset or with fiat currency (such as US dollars, euros, or rupiah). Understanding market pairs is key for traders looking to maximize their investment opportunities in the dynamic crypto market.
Market Pair Example
Market pairs are written in the format [Base Currency]/[Quote Currency]. For example:
BTC/IDR: Bitcoin (BTC) is traded for IDR (Indonesian Rupiah).
In the BTC/IDR example, BTC is the base digital asset and IDR is the quote currency. This means you are using IDR to buy BTC or selling BTC to get IDR.
The Importance of Market Pairs
Diversification:
Market pairs allow traders to diversify their investments. Instead of investing in just one type of cryptocurrency, traders can switch between different pairs based on market conditions and their strategies.
Trading Strategies:
Market pairs allow for the implementation of various trading strategies, such as short-term trading (day trading), long-term trading (swing trading), or even algorithmic trading based on the chosen pair.
Conclusion
Market pairs are a fundamental component in digital asset trading that allows the exchange of two currencies. Understanding how market pairs work, as well as the factors that influence the selection of the right pair, can help traders make more informed and strategic investment decisions in the fast-changing crypto world.
INDODAX
Information
Digital Assets
Explore
In the cryptocurrency world, the term "market pair" refers to two digital assets that are traded against each other on an exchange. This pair allows users to buy one type of digital asset with another digital asset or with fiat currency (such as US dollars, euros, or rupiah). Understanding market pairs is key for traders looking to maximize their investment opportunities in the dynamic crypto market.
Market Pair Example
Market pairs are written in the format [Base Currency]/[Quote Currency]. For example:
BTC/IDR: Bitcoin (BTC) is traded for IDR (Indonesian Rupiah).
In the BTC/IDR example, BTC is the base digital asset and IDR is the quote currency. This means you are using IDR to buy BTC or selling BTC to get IDR.
The Importance of Market Pairs
Diversification:
Market pairs allow traders to diversify their investments. Instead of investing in just one type of cryptocurrency, traders can switch between different pairs based on market conditions and their strategies.
Trading Strategies:
Market pairs allow for the implementation of various trading strategies, such as short-term trading (day trading), long-term trading (swing trading), or even algorithmic trading based on the chosen pair.
Conclusion
Market pairs are a fundamental component in digital asset trading that allows the exchange of two currencies. Understanding how market pairs work, as well as the factors that influence the selection of the right pair, can help traders make more informed and strategic investment decisions in the fast-changing crypto world.
#TradingTypes101 Trading, in simple terms, is the process of buying and selling assets such as stocks, currencies (forex), or commodities in the financial market to make a profit. There are several common types of trading, including stock trading, forex, cryptocurrency, and commodities. In addition, there are various trading strategies that can be applied, such as day trading, swing trading, and scalping.
Elaboration:
1. Types of Trading:
Stock Trading: Buying and selling company shares on the stock exchange.
Forex Trading: Buying and selling foreign currencies on the currency market.
Cryptocurrency Trading: Buying and selling digital assets such as Bitcoin and Ethereum.
Commodity Trading: Buying and selling commodities such as gold, oil, or agricultural products.
2. Trading Strategies:
Day Trading: Buying and selling stocks on the same day.
Swing Trading: Holding a stock position for several days to several weeks.
Scalping: Buying and selling stocks quickly to make small profits.
Trend Following: Buying stocks during an uptrend and selling during a downtrend.
Breakout Trading: Buying stocks when prices break through resistance levels or selling when prices break through support levels.
Momentum Trading: Buying stocks that are experiencing positive momentum.
Buy on Weakness (BoW): Buying stocks when prices are falling.
3. The Importance of Research and Training:
Trading success requires continuous preparation and practice.
Traders need to test their trading strategies over a period of time before investing large amounts.
4. The Importance of Risk Management:
Trading involves the risk of potential financial loss.
Traders need to understand and manage their risk carefully, including the use of stop-losses and position management.
5. Basic Terms in Stock Trading:
Technical Analysis: A technique for observing stock price movements based on historical data.
Support and Resistance: Price levels at which stock prices tend to find support or resistance.
Elaboration:
1. Types of Trading:
Stock Trading: Buying and selling company shares on the stock exchange.
Forex Trading: Buying and selling foreign currencies on the currency market.
Cryptocurrency Trading: Buying and selling digital assets such as Bitcoin and Ethereum.
Commodity Trading: Buying and selling commodities such as gold, oil, or agricultural products.
2. Trading Strategies:
Day Trading: Buying and selling stocks on the same day.
Swing Trading: Holding a stock position for several days to several weeks.
Scalping: Buying and selling stocks quickly to make small profits.
Trend Following: Buying stocks during an uptrend and selling during a downtrend.
Breakout Trading: Buying stocks when prices break through resistance levels or selling when prices break through support levels.
Momentum Trading: Buying stocks that are experiencing positive momentum.
Buy on Weakness (BoW): Buying stocks when prices are falling.
3. The Importance of Research and Training:
Trading success requires continuous preparation and practice.
Traders need to test their trading strategies over a period of time before investing large amounts.
4. The Importance of Risk Management:
Trading involves the risk of potential financial loss.
Traders need to understand and manage their risk carefully, including the use of stop-losses and position management.
5. Basic Terms in Stock Trading:
Technical Analysis: A technique for observing stock price movements based on historical data.
Support and Resistance: Price levels at which stock prices tend to find support or resistance.
#AltcoinETFsPostponed
SEC Delays Approval of Multiple Cryptocurrency Spot ETFs Again! What Are the Chances.
TradingKey - The SEC has delayed decisions on several altcoin spot ETFs. However, the market generally believes approval will come in 2025.
On April 29, Eastern Time, the SEC postponed decisions on multiple cryptocurrency spot ETFs. This includes SOL, XRP, HBAR, and DOGE. Recently, the SEC also delayed a decision on DOT.
Bloomberg ETF analyst James Seyffart commented, "This was expected. Most of these applications have final deadlines in October 2025 or later."
Despite the delays, Nate Geraci, president of The ETF Store, remains optimistic. He stated, "These products will be approved this year."
Currently, the market believes there is a high chance the SEC will approve spot ETFs for altcoins by 2025. Data shows that the approval rate for the SOL spot ETF is 85%, making it the highest. Following SOL are XRP, LTC, DOGE, and ADA.
SEC Delays Approval of Multiple Cryptocurrency Spot ETFs Again! What Are the Chances.
TradingKey - The SEC has delayed decisions on several altcoin spot ETFs. However, the market generally believes approval will come in 2025.
On April 29, Eastern Time, the SEC postponed decisions on multiple cryptocurrency spot ETFs. This includes SOL, XRP, HBAR, and DOGE. Recently, the SEC also delayed a decision on DOT.
Bloomberg ETF analyst James Seyffart commented, "This was expected. Most of these applications have final deadlines in October 2025 or later."
Despite the delays, Nate Geraci, president of The ETF Store, remains optimistic. He stated, "These products will be approved this year."
Currently, the market believes there is a high chance the SEC will approve spot ETFs for altcoins by 2025. Data shows that the approval rate for the SOL spot ETF is 85%, making it the highest. Following SOL are XRP, LTC, DOGE, and ADA.
#AirdropSafetyGuide Best Practices for Safe Airdrop Participation
Now that you know the scams to watch out for, here are the best practices to ensure you stay safe while claiming crypto airdrops:
1. Verify the Source
Always double-check the legitimacy of an airdrop campaign before participating. Visit the official project’s website or social media channels to confirm details. Avoid relying solely on third-party announcements.
Use trusted platforms like FreeCoins24 or CoinMarketCap to find legitimate airdrops.
Cross-reference project links with official announcements on verified social media accounts.
2. Never Share Your Private Keys
Your wallet’s private keys are the most sensitive piece of information in crypto. No legitimate airdrop will ever ask for your private keys or seed phrase. If an airdrop requests this information, it’s a scam.
Keep your private keys stored offline and secure.
Use wallets like MetaMask or Trust Wallet, which allow you to connect without revealing private keys.
3. Use a Separate Wallet for Airdrops
Consider creating a separate wallet specifically for participating in airdrops. This helps minimize the risk to your primary funds if a scam does occur.
Use free wallets like MetaMask or Phantom Wallet to create an additional address.
Transfer claimed tokens to your main wallet only after verifying their legitimacy.
4. Avoid Paying to Participate
Legitimate airdrops are free and never require upfront payments. If a campaign asks you to pay for participation or send crypto to “unlock” tokens, it’s a scam.
Watch out for terms like “deposit fees” or “unlocking charges.”
Stick to campaigns listed on trusted platforms to avoid questionable requirements.
5. Review Wallet Permissions Regularly
After participating in an airdrop, review your wallet permissions to ensure you haven’t unknowingly granted malicious access.
Use tools like Revoke.cash to manage and remove unnecessary wallet approvals.
Check your wallet settings frequently to stay secure.
Now that you know the scams to watch out for, here are the best practices to ensure you stay safe while claiming crypto airdrops:
1. Verify the Source
Always double-check the legitimacy of an airdrop campaign before participating. Visit the official project’s website or social media channels to confirm details. Avoid relying solely on third-party announcements.
Use trusted platforms like FreeCoins24 or CoinMarketCap to find legitimate airdrops.
Cross-reference project links with official announcements on verified social media accounts.
2. Never Share Your Private Keys
Your wallet’s private keys are the most sensitive piece of information in crypto. No legitimate airdrop will ever ask for your private keys or seed phrase. If an airdrop requests this information, it’s a scam.
Keep your private keys stored offline and secure.
Use wallets like MetaMask or Trust Wallet, which allow you to connect without revealing private keys.
3. Use a Separate Wallet for Airdrops
Consider creating a separate wallet specifically for participating in airdrops. This helps minimize the risk to your primary funds if a scam does occur.
Use free wallets like MetaMask or Phantom Wallet to create an additional address.
Transfer claimed tokens to your main wallet only after verifying their legitimacy.
4. Avoid Paying to Participate
Legitimate airdrops are free and never require upfront payments. If a campaign asks you to pay for participation or send crypto to “unlock” tokens, it’s a scam.
Watch out for terms like “deposit fees” or “unlocking charges.”
Stick to campaigns listed on trusted platforms to avoid questionable requirements.
5. Review Wallet Permissions Regularly
After participating in an airdrop, review your wallet permissions to ensure you haven’t unknowingly granted malicious access.
Use tools like Revoke.cash to manage and remove unnecessary wallet approvals.
Check your wallet settings frequently to stay secure.
#ArizonaBTCReserve The Arizona House of Representatives has approved two bills proposing different methods states could use to create cryptocurrency reserves.
Arizona House lawmakers have passed two bills that would allow states to adopt reserves using Bitcoin
In third reading on April 28 of Senate Bill 1025 (SB1025), a proposal to change Arizona law to allow for a strategic BTC reserve, 31 Arizona House members voted in favor of the bill, with 25 against. A similar bill, SB1373, to establish a statewide digital asset reserve, passed with 37 lawmakers in favor and 19 against.
“This bill essentially takes an approach that maybe 15 other states are considering similar legislation nationwide that would allow state treasurers to invest up to 10%, probably primarily in Bitcoin but also in other things,” State Representative Jeff Weninger said on SB1025.
Arizona House lawmakers have passed two bills that would allow states to adopt reserves using Bitcoin
In third reading on April 28 of Senate Bill 1025 (SB1025), a proposal to change Arizona law to allow for a strategic BTC reserve, 31 Arizona House members voted in favor of the bill, with 25 against. A similar bill, SB1373, to establish a statewide digital asset reserve, passed with 37 lawmakers in favor and 19 against.
“This bill essentially takes an approach that maybe 15 other states are considering similar legislation nationwide that would allow state treasurers to invest up to 10%, probably primarily in Bitcoin but also in other things,” State Representative Jeff Weninger said on SB1025.
#AbuDhabiStablecoin Three major institutions in Abu Dhabi, ADQ (sovereign wealth fund), International Holding Company (IHC), and First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates (UAE) by assets, announced the launch of a new stablecoin fully backed by the UAE's official currency, the dirham.
This stablecoin will be under the full supervision and regulation of the UAE Central Bank, and is expected to bring stability to digital transactions that have tended to be volatile.
Stablecoin is a cryptocurrency whose value is stable because it is pegged to certain assets such as the US dollar (US$), gold, or even a collection of other assets
This project will use ADI blockchain technology, a digital infrastructure developed by the ADI Foundation and has collaborated with more than 20 countries.
According to a joint official statement, quoted by criptonews, Tuesday (29/4), this digital currency will be issued by FAB and its use includes consumers, businesses, and institutions.
The stablecoin also supports future applications such as machine-to-machine transactions and artificial intelligence-based processes.
FAB Group CEO Hana Al Rostamani called the launch a “transformational step” that will revolutionize the way transactions are conducted in the UAE, using trusted blockchain technology.
ADQ CEO Mohamed Alsuwaidi added that the project is an important step in strengthening the country’s digital infrastructure, offering a secure, efficient and scalable solution.
Stablecoins are generally digital assets whose value is pegged to a fiat currency, such as the dirham, providing greater stability than cryptocurrencies such as Bitcoin.
This makes them an attractive alternative for large-scale digital transactions.
The move is also in line with the UAE’s national digital strategy, including the “Digital Dirham” initiative launched by the Central Bank in March 2023. The UAE has introduced specific regulations for stablecoins and an official symbol for the Digital Dirham,
This stablecoin will be under the full supervision and regulation of the UAE Central Bank, and is expected to bring stability to digital transactions that have tended to be volatile.
Stablecoin is a cryptocurrency whose value is stable because it is pegged to certain assets such as the US dollar (US$), gold, or even a collection of other assets
This project will use ADI blockchain technology, a digital infrastructure developed by the ADI Foundation and has collaborated with more than 20 countries.
According to a joint official statement, quoted by criptonews, Tuesday (29/4), this digital currency will be issued by FAB and its use includes consumers, businesses, and institutions.
The stablecoin also supports future applications such as machine-to-machine transactions and artificial intelligence-based processes.
FAB Group CEO Hana Al Rostamani called the launch a “transformational step” that will revolutionize the way transactions are conducted in the UAE, using trusted blockchain technology.
ADQ CEO Mohamed Alsuwaidi added that the project is an important step in strengthening the country’s digital infrastructure, offering a secure, efficient and scalable solution.
Stablecoins are generally digital assets whose value is pegged to a fiat currency, such as the dirham, providing greater stability than cryptocurrencies such as Bitcoin.
This makes them an attractive alternative for large-scale digital transactions.
The move is also in line with the UAE’s national digital strategy, including the “Digital Dirham” initiative launched by the Central Bank in March 2023. The UAE has introduced specific regulations for stablecoins and an official symbol for the Digital Dirham,
#AirdropStepByStep An airdrop is a way for a crypto project to distribute free tokens or coins to users who meet certain criteria. Typically, airdrops are done to promote a new currency, attract more users, or incentivize a community.
Here are the general steps in an airdrop:
Airdrop Announcement: The project announces the airdrop through their official channels (website, social media, community, etc.).
Recipient Criteria: The project determines the criteria for airdrop recipients, such as users who hold a certain token, users who are active in the community, or those who complete certain tasks.
Registration/Participation: Interested participants register for the airdrop by providing their crypto wallet addresses and following other requirements.
Verification: The project verifies the eligibility of participants and the validity of the wallet addresses.
Token Distribution: Tokens are airdropped to eligible participants’ wallets.
Token Usage: Participants can use the airdrop tokens according to the project’s terms and conditions, such as for trading, staking, or voting.
Here are the general steps in an airdrop:
Airdrop Announcement: The project announces the airdrop through their official channels (website, social media, community, etc.).
Recipient Criteria: The project determines the criteria for airdrop recipients, such as users who hold a certain token, users who are active in the community, or those who complete certain tasks.
Registration/Participation: Interested participants register for the airdrop by providing their crypto wallet addresses and following other requirements.
Verification: The project verifies the eligibility of participants and the validity of the wallet addresses.
Token Distribution: Tokens are airdropped to eligible participants’ wallets.
Token Usage: Participants can use the airdrop tokens according to the project’s terms and conditions, such as for trading, staking, or voting.
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