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GBP/USD Get Preyed Within a Choppy Market at 1.187

Marisol Contreras
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GBP/USD Get Preyed Within a Choppy Market at 1.187

GBP/USD took a candlestick above 1.195 in yesterday’s session after a week of downward correction wherein, the pair hit the lowest at 1.140. Since the start of the trading session today, the trend of the Great Britain Pound against the greenback appears flat. The Pound is experienced a bearish volatile move as the US Dollar turning up to be the most demanded avenue due to the ongoing assumptions about liquidity crunch amid the global crisis.

GBP Analysis

Analyzing the above GBP/USD trend over the past 7 days, we see that the Pound is losing the traction against the American Dollar as the Wall Street’s equity market ramps up. Although, the pair is seen drawing a slight uptrend until it is hit by another volatile move, which is likely to lead to a price accumulation or a choppy market. The pair was a prey of a choppy market around the previous week’s end when it tested the support around 1.4096.

However, GBP is likely to be volatile as the current momentum in the choppy market and a further break below 1.1400 I likely to hit the bearish zone. Having said this, a further break happens to hold the least probability as the pair retains support from the 50-day and 200-day daily MA. A daily movement amidst the said market with continuous oscillations is an acceptable change as per the current economic crash of the forex market.

The technicals appear quite subtle as the RSI remains grounded at 55 and holds no extremities for the currency with a price accumulation and a flat movement of the pair as confirmed by the MACD.

TCS to Give Free Access of TCS iON Digital Glass Room Amid Corona Crisis

Felicia Learned
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TCS to Give Free Access of TCS iON Digital Glass Room Amid Corona Crisis

Not just the healthcare sector, but all the industrial zones have been badly affected by the pandemic outbreak followed by the remedial lockdowns in different parts of the world. Business operations, trading activities, financial operations, tourism, transportation, etc. have come to a standstill because of the COVID-19 attack. Undoubtedly, the lockdowns imposed by governments have forced people to stay back at home. Where the adults are restrained from visiting their offices, the youngsters and the children are stopped from going to schools.

The closure of schools, colleges, and coaching institutes has given a major jolt to the education sector. The exams are being postponed for an indefinite period of time as well as the onset of the new sessions had to be canceled or delayed by the school authorities to ensure the safety of the students and the teaching staff. In such dire situations, online education portals and virtual class platforms can play a significant role in keeping up with the syllabus requirements of the students. An array of online platforms are helping students in continuing with their usual study schedule by arranging for online classes, video lessons, and online quizzes. These help the learners to be in touch with studies irrespective of the outside circumstances.

As a significant move, the Indian tech giant, Tata Consultancy Services, has announced to allow the students to access its interactive TCS iON Digital Glass Room platform free of cost.

The platform will work as a link between educators and the students by providing them with a secure, safe, virtual environment. The participants will be able to enjoy an amazing experience where knowledge preaching will be transitioned from classrooms to interactive glass rooms. The mobile and web application allows educators to share lessons, videos, worksheets, assignments, and assessments using polls, debates, quizzes, surveys, and other tools. It also has a live classroom tool that helps students to have live classroom teaching experience.

Venguswamy Ramaswamy, Global Head, TCS iON stated that

These are unprecedented times. With schools and colleges shut down across the country, we want to empower these institutions and help them switch to a virtual mode, so students’ learning journeys can continue uninterrupted on our platform.

The platform is available to all types of institutes irrespective of the language, Board/University affiliation, or size. The interested schools and organizations need to get themselves registered on the official portal to get access. It is likely to help students in their studies who are struggling in this COVID-19 crisis.

EUR/USD Analysis: EUR/USD Pulls Back Yet Manages to Toll Above 1.080

David Pender
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EUR/USD Analysis: EUR/USD Pulls Back Yet Manages to Toll Above 1.080

EUR/USD strengthens against the greenback in today’s trading session after testing support at 1.07464 on Tuesday, March 24, 2020. Impressively, the pair rose around the weekly major resistance at $1.08874, yesterday but was unable to sustain.EUR AnalysisAnalyzing the above EUR/USD movement over the past 24 hours, we see that the fiscal stimulus package is likely to weigh over the dollar. Fed’s open-ended QE is waiting for its approval as the situations worsen. The American’s greenback is under pressure as the Asian stocks gains moderate momentum in the day’s trading session, today.

EUR/USD is keeping its ground above 1.08, at the press time. However, a dip is feared below 1.08 as the forward-looking German IFO Expectations Index for March prints well below the expected figure of 82, ramping the ongoing recession that has been instigated due to the pandemic outbreak. Moreover, the Wall Street is also accelerating as the government injects liquidity amidst the global crisis due to Coronavirus.

However, EUR/USD is below Monday’s trading high which was marked at 1.088 and has retained strong support at 1.080, below which there will be a bearish breakdown around previous monthly low and below 38.20% Fib Retracement Level.

Binance Announces Launch of Latest Phase of Its Lending Products

Timmy Murphy
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Binance Announces Launch of Latest Phase of Its Lending Products

Binance has decided to launch the 18th phase of Binance Lending Products beginning from March 24, 2020, at 12 noon. Binance will make available the 30-day fixed-term lending products.

The format for subscription will be the first-come-first-served basis. The subscription period will begin from March 20, 2020, at 12 PM and will last till March 25, 2020, till 12 PM.

The interest calculation tenure will begin from March 25, 2020, at 12 PM and last till April 24, 2020, till 12 PM. The interest payout time will be instantly after the loan term gets matured.

Here are lending product details. The name of the digital asset is ARPA and the term to maturity is 30 days. The total subscription cap is 10,000,000 ARPA and the individual cap is 500,000 ARPA. The annualized interest rate is 15 percent. The lot size is 20,000 ARPA. And, interest per lot at maturity is 246.575342 ARPA.

Meanwhile, the amount subscribed to Binance lending products won’t get their equivalent staking rewards.

Binance is a leading global cryptocurrency exchange that offers an ideal platform for trading of over 100 cryptocurrencies. Binance is now considered as one of the biggest cryptocurrency exchanges all across the globe as far as trading volume is concerned.

The goal of Binance is to boost the freedom of money all over the world. And, the company thinks that by spreading this freedom it will help in improving lives world over.

USD/CAD Analysis: Canadian Dollar Trades Around Levels Last Seen in January 2016

Robert Hill
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USD/CAD Analysis: Canadian Dollar Trades Around Levels Last Seen in January 2016
  • USD/CAD hovers around the trading levels which were last seen in January 2016, forming a “Double Top”
  • USD/CAD beats for bulls around the immediate rising support zone to 1.465, with a green candlestick hitting around 2016 price
  • WTI crude oil price crash happens to be the major fiasco for the pair—USD/CAD along with the impact of public health due to global crisis on Canadian economy

Canada’s economy like the economies around the world is likely to be a serious prey of the recession that has broken due to the outbreak of pandemic. As per the stats, around 5,00,000 workers have applied for their employment insurance until now and the number is likely to increase as the spread of virus accelerates. Moreover, the further impact can be as distressing as a job-loss, as per the current situations hint at.

CAD Analysis

The Double Top around 1.465 by USD/CAD is totally a risk for the near-term as the Canadian Dollar weakens against the US Dollar. The US Dollar is believed to be the most demanded asset as the liquidity happens to be the priority. The brief high hit by the pair today,1. has a strict resistance awaiting at 1.4674 and 1.4800. However, in order to see the further resistance being breached, we should have a brief check on the price of WTI crude oil which happens to be the major influencer for the pair to behave in a certain way. The RSI of the pair is in its overbought region as the US Dollar continues to spike against the Loonie and many other currencies of the world. The current retreat is not helping to suffice the bearish sentiment as the economic uncertainty outweighs due to ascending cases of Coronavirus all around the world.

Kucoin Celebrates Its New Era With Mega Offers

Ray Buckler
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Kucoin Celebrates Its New Era With Mega Offers

Leading cryptocurrency exchange KuCoin Spot trading platform is all set to launch “KuCoin Celebrates Its New Era with You.” The renowned exchange has decided to campaign together with the Pool-X mining pool, KuMEX contract trading platform, and Suterusu (SUTER) project. There will be several stunning mega offers that are waiting for you to win.

In the first activity, you can lock USDT and earn greater interest. The activity is taking place to celebrate the upgrade of KuCoin structure and policy. The scheduled activity is slated to begin at 8 pm on March 23, 2020. There are certain rules that participants need to adhere to. The users must have a registered KuCoin account. There will be a lock up time that users must be aware of. The Lock Time will last for a period of 28 days, beginning from March 27, 2020. The Value Date will begin from March 27, 2020. The Lockup Format will be based on First-come, first-served basis.  And, the principle and revenue shall be returned 24 hours after the 28 days of lockup.

In Activity 2, users will be able to borrow with ultra-low interest for leverage and win USDT. The activity period will begin from March 26, 2020, and last till March 30, 2020. Participants who have borrowed crypto barring USDT shall enjoy a 0 percent interest and a share of 5000 USDT. KuCoin is also slated to lend 2,000,000 USDT at 0.03 percent.

In Activity 3, there will be a Suterusu (SUTER) Lockup and cashback program. You can earn 60 percent APR. The activity period will begin from March 26, 2020, and last till April 1, 2020. Users will be able to lock SUTER for 30 days and earn an APR of 60 percent.

In Activity 4, there will be a simplex transaction fee discount offer. The campaign period will begin from March 25, 2020, and last till April 25, 2020. Users from European regions using Simplex service on KuCoin will be able to enjoy a transaction fee rate of 2.5 percent.

And, in Activity 5, participants can purchase Crypto with Banxa at zero transaction fees. The campaign period will begin from April 6 and last till May 3, 2020.

IOST Mainnet Completes 1 Year; Announces Celebration Event on Binance

Marisol Contreras
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IOST Mainnet Completes 1 Year; Announces Celebration Event on Binance

On February 25, 2020, the IOST mainnet completed an auspicious one-year in the crypto community by serving customers as a leading stablecoin project. The news was announced in the crypto arena through an official tweet by the IOST team on their social media handle. With a view, to celebrate the victory, the IOST network has planned to surprise the IOST token holders on Binance exchange with lucrative rewards. The event shall begin at 10:00 (UTC+8) on March 23, 2020, and will continue till 23:59 (UTC+8) on March 29, 2020.

According to the official announcement, as part of the celebrations, IOST has decided to bestow the customers with 10,000 USDT and over 500,000 IOST tokens through an airdrop initiative on the exchange platform. Apart from this, the firm will also enrich the customers with a significant discount on trading fees on Binance exchange. The event is limited to IOST community members only. The airdrops will follow the first-come-first-served methodology. The winners will receive their rewards within seven days after the closure of the event.

The Three Promotional Events

Promotion 1- Binance New Users Rewards

The new users will enjoy an airdrop of 500,000 IOST along with a 20% discount on spot transaction fee charges. The 20% benefit will be given to the Binance users who will create the account the IOST exclusive link. While the users who will create the account through the IOST link and will also purchase over 10,000 IOST will get a gift of 1,000 IOST. The airdrop will be based on a first-come-first-served basis.

Promotion 2- Binance Futures Contracts

The new Binance investors who will create an account through the IOST link will get a 10% discount on the transaction fee in the first month. The users who will use the IOST link for account generation and complete the processing of first-order will get a gift of 10,000USDT Futures voucher. The voucher will be given on a first-come-first-served basis.

Promotion 3- Rewards on Twitter

IOST will give 28,000 IOST giveaway on Twitter during the event period. The names of two lucky winners who will get 2000 IOST (each) airdropped will be announced on IOST Twitter handle daily. The customers need to follow @IOStoken and @binance on the social media platform and leave a screenshot of their futures contract rewards on Binance in the comments section. Then, they need to tag their three friends along with hashtag #iost #binance #giveaway #promotion #happybirthdayIOSTmainnet.

Partnership Between Sensorium Corporation (SENSO) and KuCoin Crypto Exchange Announced

Felicia Learned
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Partnership Between Sensorium Corporation (SENSO) and KuCoin Crypto Exchange Announced

KuCoin, one of the more secure and advanced IDG backed cryptocurrency exchanges that has over 5 million users all across the world, has announced its partnership with Sensorium (SENSO) in its twitter handle. As a result of this partnership, Sensorium gets listed on the KuCoin platform to drive the global cryptocurrency markets.

Sensorium corporation has launched an in-game digital currency on the Sensorium Galaxy platform, named ‘Senso token,’ which is developed on the Ethereum platform, for which the trading will begin at 18.00 Singapore time, on the KuCoin platform on March 20th. The token will be used for making any gaming-related purchases by the users and also exchange any game content. Third-party companies that are involved in Sensorium Galaxy can also use the Senso Tokens for arranging customized events as well as for purchasing any gaming content. The listing will consist of over 1 billion tokens that will be available for a single time issue, exclusively for the closed round investors. After the token listing gets completed, the withdrawal and sale of the tokens will also commence at 18.00 Singapore time, on March 22nd. There will also be a token ‘give-away’ sessions for the current users of the KuCoin exchange.

The Head of External Communications at Sensorium Corporation, Brian Kean said in regard to this partnership,

Our partnership with KuCoin is the coming together of two advanced future technologies; our virtual social reality platform and an industry-leading blockchain platform for cryptocurrencies. As user numbers for Sensorium Galaxy build momentum, millions of users will become new cryptocurrency users, and as such, both Sensorium and KuCoin will make significant contributions, and take to a new level, the cryptocurrency market.

SWFT Blockchain Decides to Release OTC, Red Packet and Other Vital Features for YOYOW

David Pender
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SWFT Blockchain Decides to Release OTC, Red Packet and Other Vital Features for YOYOW

SWFT Blockchain has decided to release the OTC, Red Packet, and Pay features for YOYOW. Earlier last month, SWFT Blockchain had announced an official alliance with YOYOW. Now users will be able to directly purchase YOYO tokens with just one click by using fiat currency via the OTC channel. The SWFT OTC fiat channel will extend support to one-click trading of YOYOW which is hassle-free, convenient and safe.

According to the report, the SWFT Red Packet feature will provide support to over 200 cryptocurrencies. Users will be able to share the YOYOW red packets straight away into the SWFT platform and derive benefits of all the SWFT traffic. Meanwhile, the red packet link will be allowed to be shared directly to any social media handle including the WeChat group, Facebook, Twitter, Sina Weibo, Telegra, WeChat Moments, etc.

It is worth noting that the SWFT Wallet has been supporting various features of saving, deposit, and transfer of over 200 cryptocurrencies. Users will be able to transfer their YOYOW to other SWFT users via the transfer feature and real-time transfers to the account can also be accomplished.

Additionally, SWFT blockchain also provides support to over 200 cryptocurrencies and offers support to two methods of collection. The one method is QR code and another method is a link. Users will be able to start the YOYOW collection and payment with SWFT at any point in time. SWFT has also offered support to guaranteed payment and you may also get the guaranteed time customized. Soon after the guaranteed time is accomplished, SWFT will send YOYOW to the payee’s SWFT account.

SWFT Blockchain has emerged as one of the largest cryptocurrency swap platforms and does not require any registration for decentralized swaps. 

TokenInsight Teams Up with CoinMarketCap

Timmy Murphy
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TokenInsight Teams Up with CoinMarketCap

TokenInsight, the globally reputed data and tech-powered financial platform, has announced the news about its strategic partnership with CoinmarketCap, the one-stop online portal designed for analysis of crypto market statistics. The renowned firm has partnered with CoinMarketCap to lubricate and popularize its comprehensive token data analysis practices to more and more customers. The news was circulated in the crypto industry through a tweet on the official Twitter handle of CoinBene Global.

According to the official announcement, CoinMarketCap will integrate TokenInsight’s highly efficient rating, analysis, and research attributes to its leading market data platform. The team-up between the two entities will compel them to emphasize channelizing steps for promoting TokenInsight’s revolutionary token data analysis tools to global market participants. The collaboration will aim to provide diversified content on CoinMarketCap to cater to the requirements of the users’ experience.

Carylyne Chan, Chief Strategy Officer, CoinMarketCap stated that

Our mission is to make crypto markets more efficient and discoverable. As unveiled during our keynote at The Capital by CoinMarketCap conference last November, we are excited to launch our partners’ content on our site to complement our users’ experience on CoinMarketCap.

Wayne Zhao, who serves as a Partner of TokenInsight portal quoted that

As an independent third-party organization, TokenInsight has committed to providing users with comprehensive, accurate and objective ratings and research services. It is a natural fit for us to partner with the industry leader such as CoinMarketCap. The unique cooperation enables us to serve users on a global scale, helping them to thoroughly evaluate project quality, track development, and effectively control the risks faced by many individuals and institutions. We are extremely honoured to be able to form a strategic partnership with CoinMarketCap, TokenInsight will continue its journey to Find, Create, and Spread Value in Blockchain.

TokenInsight boasts of a whopping base of more than 200 professional clients hailing from over 20 countries across four continents. It takes pride in being the curator of the first comprehensive blockchain industry classification network. The platform has been the processor of more than 1,600 projects in the market space and has been a publisher of over 300 rating reports in seven languages. Its revolutionary industry research system covers significant industrial domains such as crypto exchanges, mining, DeFi, wallets, etc. The reputed platform has published more than 60 industry research reports.

Taking pride in being the premier crypto price-tracking website, CoinMarketCap is a one-stop solution for a wide global population, including users, institutions, and media. The accurate, unbiased, and prudent information provided by the CoinMarketCap platform, allowing users to make informed crypto trading decisions.

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