Navigating Volatile Markets: Strategies for Crypto Account Managers with PlusTraders.net 127

In the fast-evolving world of cryptocurrency, the volatility of markets can be both an opportunity and a challenge. Crypto account managers, who are responsible for overseeing and executing trading strategies, must navigate these volatile markets with precision and expertise. This is where platforms like PlusTraders.net come into play, offering the tools and resources necessary to manage risks and maximize profits effectively.

Understanding Volatility in Cryptocurrency Markets

Volatility is a defining characteristic of the cryptocurrency market. Prices can swing dramatically within a short period due to factors like market sentiment, regulatory news, technological developments, and macroeconomic trends. For account managers, this volatility presents both opportunities for profit and risks of significant losses.

To manage these challenges, account managers must employ a variety of strategies, including:

  1. Diversification: Spreading investments across different cryptocurrencies can reduce the risk associated with the price movement of a single asset. By diversifying, managers can mitigate losses from any one underperforming asset.
  2. Risk Management: Setting stop-loss orders, limiting leverage, and using options or futures contracts are crucial to protecting portfolios from excessive losses during sharp market downturns.
  3. Technical Analysis: Analyzing historical price data and chart patterns helps predict future price movements. Tools such as moving averages, relative strength index (RSI), and Bollinger Bands are essential for making informed decisions.
  4. Staying Informed: The crypto market is heavily influenced by news and events. Account managers need to stay updated on market news, regulatory changes, and technological advancements to make timely decisions.

How PlusTraders.net Supports Crypto Account Managers

PlusTraders.net is a leading platform designed to assist crypto account managers in navigating these volatile markets. Here’s how it can help:

  1. Advanced Trading Tools: PlusTraders.net offers a suite of advanced trading tools that help account managers analyze market trends, execute trades, and manage portfolios effectively. These tools include real-time market data, charting tools, and customizable trading strategies.
  2. Automated Trading: The platform supports automated trading strategies, allowing managers to implement algorithmic trading systems. This reduces the emotional aspect of trading and ensures that strategies are executed consistently, even in rapidly changing markets.
  3. Risk Management Features: PlusTraders.net provides robust risk management features, such as stop-loss orders and margin controls, which are essential for protecting portfolios in volatile markets. These tools enable managers to set predefined risk levels and minimize potential losses.
  4. Educational Resources: To stay ahead in the crypto market, continuous learning is crucial. PlusTraders.net offers a wealth of educational resources, including webinars, tutorials, and market analysis reports, helping account managers enhance their knowledge and refine their trading strategies.
  5. Customizable Dashboards: The platform’s customizable dashboards allow account managers to track multiple assets and strategies simultaneously. This feature ensures that managers have all the necessary information at their fingertips, enabling them to make quick, informed decisions.
  6. 24/7 Customer Support: Cryptocurrency markets operate around the clock, and so does PlusTraders.net’s customer support. The platform offers 24/7 assistance to ensure that account managers can resolve any issues or queries promptly, regardless of the time zone.

Conclusion

In the highly volatile world of cryptocurrency, having the right tools and strategies is essential for success. PlusTraders.net provides crypto account managers with the resources and support they need to navigate these challenging markets effectively. By leveraging its advanced trading tools, risk management features, and educational resources, account managers can confidently manage portfolios, mitigate risks, and capitalize on market opportunities.

As the cryptocurrency market continues to evolve, platforms like PlusTraders.net will remain indispensable for those looking to thrive in this dynamic environment.

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Core Foundation Announces LstBTC, a Liquid Staking Token on the Core Blockchain 47

The Core Foundation, a group dedicated to sponsoring ecosystem development on Core’s Bitcoin-powered blockchain, has announced LstBTC, an ERC-20 liquid staking token pegged 1:1 with Bitcoin (BTC). This innovation enables BTC holders to earn daily rewards in CORE tokens while maintaining the liquidity of their Bitcoin—a solution to the longstanding challenge of choosing between staking and liquidity in the DeFi space.

Addressing the Liquidity Challenge

For Bitcoin holders, the choice between staking their assets for rewards and keeping them liquid for DeFi participation has always been a difficult one. Traditional BTC staking often requires locking up assets, making them unavailable for other uses. LstBTC eliminates this trade-off by preserving Bitcoin’s value while offering the benefits of staking. Holders can now keep their BTC liquid and participate fully in the evolving BTCfi ecosystem.

How LstBTC Works

Each LstBTC token is fully pegged to one BTC, ensuring that its value remains stable. Unlike standard staking, LstBTC allows holders to retain full liquidity, meaning their Bitcoin can still be used for lending, transferring and swapping like any other ERC-20 token. This flexibility is a game-changer for those who want to maximize their returns without compromising their ability to engage in DeFi activities.

Enhanced Security with Multisig Setup

LstBTC is issued on the Core blockchain and features a Multisig setup on the Bitcoin network. While this requires a slight increase in trust, the Multisig setup is managed by reputable entities, a practice widely adopted in many established protocols. The Multisig wallets undergo rigorous security audits, ensuring that users’ assets are well-protected, while still allowing them to benefit from the liquidity and rewards offered by LstBTC.

Expanding the BTCfi Ecosystem

LstBTC will further expand Core’s already comprehensive BTCfi ecosystem, which includes lending, borrowing, restaking, DEXs, perpetual futures, and NFT platforms. By bridging the gap between staking and liquidity, LstBTC offers BTC holders greater flexibility in managing their assets.

“Bitcoin holders have long faced a difficult choice between staking their assets and keeping them liquid for participation in the DeFi ecosystem,” said Rich Rines, Initial Contributor at Core. “LstBTC changes that by allowing users to earn staking rewards in Core while keeping their Bitcoin liquid and active in the ecosystem.”

A Solution That Meets Market Needs

LstBTC is designed for BTC holders who want to maintain their asset liquidity while still earning staking rewards. The Multisig wallet setup, backed by reputable entities and rigorous audits, ensures that security is not compromised, making LstBTC a reliable choice for those looking to engage more fully in the BTCfi ecosystem.

See more on LstBTC in this explainer video: https://youtu.be/ipyT_ih_G-g?si=nUs8HlMBct_J1Dbq. For more information about the Core Foundation and Core blockchain, please visit https://coredao.org.

About Core

Core serves as the Proof of Stake layer for Bitcoin as the first enabler of Non-Custodial Bitcoin Staking, which secures a fully EVM-compatible BTCfi ecosystem. Since April 2024, over 5,000 BTC valued at more than $300 million have been staked with Core, enhancing Bitcoin’s utility and security.

Core is the most Bitcoin-aligned EVM blockchain with ~55% of Bitcoin mining hash power contributing to the network’s security. This breakthrough has amassed millions of Core adopters – over 20M unique addresses, 275M+ transactions, and over 295M TVL since its mainnet launch in January 2023.

COCA Announces the Launch of its Groundbreaking 3rd Point System and Token Airdrop, Paving the Way for the Future of Web3 48

COCA, the next-generation Web3 crypto super app, has announced the introduction of its innovative 3rd Point System and a highly anticipated Token Airdrop ahead of its official platform launch. Designed to revolutionize user engagement and reward participation in decentralized finance, these features are set to strengthen COCA’s position as a leader in the self-custodial wallet space.

The 3rd Point System encourages active user involvement through:

  • Trade & Bridge Bonuses, rewarding users for asset swaps.
  • Hold & Earn programs, incentivizing long-term asset holding.
  • Referral Rewards for expanding the COCA community.
  • Spend & Score benefits tied to COCA debit card transactions.

“We’re focused on driving user engagement and giving back to our community through innovative rewards systems,” said Mila Kryvko, CMO. “The 3rd Point System is just the beginning, with the upcoming token airdrop marking a milestone in our mission to create a seamless and secure crypto experience.”

How to participate

  • Log into the app
  • Navigate to Profile > Contest
  • Earn Points to Receive Future Airdrop

COCA’s Token Airdrop offers a chance for early users to own a part of the platform, with further details to be revealed in the coming weeks.

About COCA

COCA is an advanced crypto wallet platform that merges decentralized finance with traditional banking services, offering users a secure and intuitive experience. With features like Multi-Party Computation (MPC) for robust security, an on-ramp aggregator for seamless asset management, and a universal gas token for gasless transactions, COCA is at the forefront of Web3 innovation.

Thera Finanzen Emerges as the Top EU Crypto Trading Platform for German Speakers in 2024 74

Thera Finanzen has been recognized as the leading crypto trading platform for German-speaking users across the European Union in 2024. This recognition comes as a result of the platform’s innovative features, user-centric design, and unparalleled performance in the volatile crypto market, setting new benchmarks for excellence in the industry.

Thera Finanzen’s rise to the top is a testament to its commitment to providing a robust and reliable trading environment tailored specifically for the German-speaking community. As crypto trading continues to gain momentum in Europe, Thera Finanzen stands out by offering a platform that not only meets the demands of experienced traders but also serves as an accessible gateway for newcomers.

“Crypto trading has seen exponential growth in Europe, and our goal has always been to lead this wave by offering a platform that resonates with German speakers,” stated the CEO of Thera Finanzen. “Our success in 2024 is driven by our unwavering focus on delivering a seamless trading experience that combines cutting-edge technology with a deep understanding of our users’ needs.”

One of the key factors behind Thera Finanzen’s success is its state-of-the-art trading tools, designed to provide users with comprehensive insights and data to make informed decisions. The platform’s advanced AI algorithms, coupled with real-time analytics, ensure that traders have access to the latest market trends, allowing them to maximize their investments with confidence.

Moreover, Thera Finanzen’s security protocols are among the most stringent in the industry, offering users peace of mind when managing their assets. With a multi-layered security framework, the platform ensures that all transactions are protected, reinforcing its reputation as a trustworthy partner in the crypto trading space.

In addition to its technical prowess, Thera Finanzen places a strong emphasis on customer support, recognizing the importance of having a reliable team available to assist traders at any time. The platform offers 24/7 customer service in German, ensuring that users can receive timely assistance in their native language.

Thera Finanzen’s achievement as the top EU crypto trading platform for German speakers is also attributed to its active engagement with the community. Through educational resources, webinars, and regular updates, the platform empowers users to stay informed and make strategic trading decisions. This commitment to user education has been instrumental in building a loyal and knowledgeable user base.

As the crypto market continues to evolve, Thera Finanzen is poised to maintain its leadership position by constantly innovating and adapting to the changing needs of its users. The platform’s future plans include the introduction of new features and tools that will further enhance the trading experience, solidifying its status as the go-to platform for German-speaking traders in the EU.

For those looking to join the crypto revolution, Thera Finanzen offers an unparalleled opportunity to engage with the market through a platform that has been recognized for its excellence. With its combination of advanced technology, top-notch security, and user-focused services, Thera Finanzen is the preferred choice for German speakers who are serious about crypto trading.

Portal and Immutable Announce Partnership To Drive Web3 Gaming Distribution and Monetization 65

Portal, the leader in solving Web3 distribution, is thrilled to announce a groundbreaking partnership with Immutable, one of the most prominent players in the Web3 gaming industry. The partnership, officially unveiled today at Korean Blockchain Week during an Immutable and Portal co-sponsored event, marks a significant leap forward for web3 gaming, with far-reaching implications for developers, players, and the broader gaming landscape.

The collaboration between Portal and Immutable is poised to redefine how Web3 games are distributed, monetized, and experienced. By combining Portal’s unparalleled expertise in user acquisition, rewards, payments, and ecosystem liquidity improvements, with Immutable’s robust platform for game development and distribution, the partnership ensures that players worldwide gain easy and rewarding access to the best Web3 games. This alliance not only enhances the growth potential of Web3 gaming but also increases the chances of more web3 games finding traction with mainstream audiences.

“This partnership represents a pivotal moment in the evolution of both Web3 gaming and gaming overall,” said Ezra Strauss, Head of Partnerships at Portal. “I’m thrilled to be reunited in this work with my talented former teammates at Immutable to push the boundaries of what’s possible in this space. Together, we’re not just enhancing game distribution and monetization—we’re setting the stage for the future of gaming, where players around the world can access and enjoy the best that Web3 has to offer.”

Key Elements of the Partnership:

Enhanced Distribution and Monetization: Immutable will leverage Portal and its innovative Portal Pay solution to drive distribution and monetization across its ecosystem of games. This collaboration is set to boost the overall growth of the Immutable ecosystem by making it easier for developers to reach new audiences and for players to engage with the latest Web3 games.

Platform Integration: Immutable chains will be fully integrated into the Portal platform, including Portal Pay. This integration will streamline payments, rewards, and transactions across Immutable’s network of games, creating a seamless experience for developers and players alike.

Ecosystem Liquidity Improvements: The partnership will introduce new levels of liquidity to the Immutable ecosystem, empowering developers with enhanced tools for game/dApp monetization and offering players more rewarding experiences as they play Immutable games via the Portal product suite. Portal’s cross-chain tech stack brings players from across every chain to Immutable games, allowing devs to rapidly access and monetize new audiences.

This partnership represents a highly synergistic relationship between two of the biggest players in Web3 gaming. While Portal continues to pave the way into the Web3 gaming space by connecting games with players through its cutting-edge distribution solutions, Immutable remains focused on enabling developers to build and deploy great games. Together, they are set to accelerate the growth of Web3 gaming and contribute to its potential to become a dominant force in the global gaming industry.

About Portal

Portal is building the distribution layer for Web3 and beyond. An ecosystem that’s bringing together users from every chain and connecting them with the best dApps in the space – starting with gaming. Via frictionless products, a pioneering liquidity layer and a world-class network, Portal is helping Web3 solve distribution – aggregating users into a single, vibrant ecosystem in the process. Builders of top-level games and dApps can now focus on creating AAA experiences on any chain – Portal is connecting them to users from around the world. Portal’s advisors include Jamie King, Rockstar Games Co-Founder, Russell Hanson, former CSO of Consensys, Matt Dixon, former Head of BD, EA Games, and John Yao, CEO Team Secret eSports. Portal is proudly represented by WME.

For more information, users can follow Portal on X: https://x.com/Portalcoin

About Immutable

Immutable is a global leader in gaming on a mission to bring digital ownership to every player by making it safe and easy to build great web3 games.

The Immutable gaming platform makes it easy for game studios and independent developers to safely and confidently build and launch successful games on Ethereum. The product suite includes pre-built solutions, optimized for usability, that help developers get to market faster without sacrificing security or player experience. Builders get personalized web3 guidance, live support for their communities, and access to the largest ecosystem in gaming.

Immutable was the first gaming platform to deliver a zero-knowledge (zk) scaling solution to the Ethereum community and provides developers with multiple zk-based scaling options, including Immutable X, a rollup based on StarkWare technology, and Immutable zkEVM, powered by Polygon.

Immutable’s in-house gaming capabilities means they know how to build great games first-hand through Immutable Games, a global leader in web3 game development and publishing. Backed by a world-class team who have proven track records of bringing games to millions of players, Immutable Games has pioneered the world’s first blockbuster NFT trading-card game Gods Unchained and is currently building the highly anticipated mobile RPG Guild of Guardians.

For more information, users can visit: https://www.immutable.com/

BitcoinCitadel.Club Launches a Global Web3 Community for Bitcoin Enthusiasts 60

The BitcoinCitadel.Club team has recently unveiled their new community platform exclusively designed for Bitcoin enthusiasts across the globe. The project targets people interested in Bitcoin and interested to see it succeed in the long run.

BitcoinCitadel.Club emerges as a fortress for Bitcoin HODLers, providing members with exclusive access to private, blockchain-verified groups and a dedicated social space to connect and collaborate. As decentralized finance rises, this community serves as a haven for those who believe in Bitcoin’s potential to drive financial sovereignty. Rooted in the values of Satoshi Nakamoto, the Bitcoin Citadel Club fosters a supportive environment where members share knowledge, build trust, and unite in their commitment to the future of Bitcoin.

The Launch of a Stronghold for Web3 Enthusiasts Aligned with Satoshi Nakamoto’s Vision

The team behind BitcoinCitadel.Club, led by Sayuri Nakamara, is making remarkable strides toward the launch of its official website, creating a global community for Bitcoin enthusiasts. Leveraging Web3 technology, the platform will offer a space where HODLers can connect, learn, and collaborate.

Inspired by Satoshi Nakamoto’s vision, the project emphasizes the value of holding strong, a lesson Sayuri learned through overcoming challenges in the crypto world. BitcoinCitadel.Club aims to be a digital bastion for decentralized finance, embodying resilience and commitment to Bitcoin’s future.
This is when the Bitcoin Citadel Club came in and brought forth a new community of true believers in Bitcoin: HODLers who want to secure the future for the next generation.

The Club is the safe place for all those Web3 enthusiasts to connect with others. On this platform, crypto fans can support each other in their hustles while the digital currency landscape grows.

With Sayuri leading the project, the team has designed the ultimate refuge for those who understand what Bitcoin holds. This is a great place for anyone determined to be a part of BTC’s journey toward global adoption.

The Club features a newsletter about the inside news and updates regarding the project and Bitcoin. The founder, Sayuri Nakamara, officially welcomes digital enthusiasts to join the Club.

About BitcoinCitadel.Club

BitcoinCitadel.Club is a pioneering project designed to connect and empower Bitcoin enthusiasts globally, under the leadership of Sayuri Nakamara. This community offers a unique space for HODLers to exchange knowledge, share insights, and support each other, all while adhering to the core principles of Bitcoin as envisioned by Satoshi Nakamoto.

With a commitment to knowledge advancement in Bitcoin and driving Decentralized Finance, the team has a clear roadmap in mind. The project’s features unique to the Bitcoin Citadel Club include exclusive access to private, blockchain-verified groups and a dedicated social space to connect and collaborate.

The recent launch of a Bitcoin Dashboard adds real-time updates on the cryptocurrency’s price and block height. Therefore, this team invites every crypto enthusiast out there to join its community and participate in the Bitcoin journey toward mass adoption.

As Sayuri Nakamara says, holding is the key to success in the crypto sector. Everybody curious to learn more can visit the links below to the project website, social pages, and Sayuri Nakamara’s mission.

IDA, a Hong Kong-based Fiat-referenced Stablecoin Issuer, Raised USD6 Million Seed Round Led by CMCC Global and Hashed 64

IDA, a premier Hong Kong-based digital asset company, has raised USD6 million in a seed funding round led by prominent blockchain investors CMCC Global, under its Titan Fund, and Hashed. This capital injection will enable IDA to advance the development and launch of its first fiat-referenced stablecoin, HKDA, which is designed to be regulated in Hong Kong.

Additional participants in this round also include Hack VC, Anagram, GSR, Protagonist, Brinc, Chorus One, Kenetic, SNZ, and Yolo Investments as well as notable angel investors, such as Raj Gokal, Co-founder of Solana. Aside from providing funding, leading blockchain foundations of Solana, Polygon, Aptos, and Mantra are also IDA’s strategic blockchain partners to foster HKDA’s interoperability, accessibility, resilience, and liquidity.

“With the current total stablecoins market cap around USD170 billion, we expect stablecoins to grow over USD3 trillion in the next 5 years. This exponential growth will underscore the increasing significance of stablecoins in the broader digital currency landscapes. Thus, IDA’s mission is to facilitate more effective and efficient cross-border trades through the blockchain for everyone,” said Lawrence Chu, Co-founder and CEO of IDA.

Sean Lee, Co-founder and CSO of IDA added, “the first goal of IDA is to enable mass adoption and empower businesses to seamlessly integrate between Web2 and Web3. To achieve this, IDA has begun active engagements with the Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB), as well as domestic partners in the ecosystem, to issue regulated stablecoins in Hong Kong. HKDA, our first fiat-referenced stablecoin built on public blockchains, will shortly be heading onto testnet. We intend for our mainnet launch before the end of this year and achieve regulatory clarity in early 2025.”

CMCC Global, one of Asia’s first VC funds focused purely on blockchain and cryptocurrency, is thrilled to lead this funding round and partner with IDA to push the boundaries in Web3 space. “As a Hong Kong-based company, we are excited to support innovative Web3 companies like IDA that are leveraging blockchain finance and stablecoins to create solutions addressing real-world challenges,” said Martin Baumann, Co-founder and Managing Partner of CMCC Global.

Hashed, a global early-stage venture fund focused on backing founders who are pioneering the future of blockchain and cryptocurrency, also shares the same vision as IDA. “We anticipate wider mainstream adoption of stablecoins in real-world trades and settlements. With Hong Kong’s position as Asia’s financial hub and its recent push for a stablecoin legislative framework, we expect IDA to spearhead the coming changes. Their unique blend of expertise in traditional finance and blockchain technology positions them perfectly to bridge conventional and digital financial systems, potentially reshaping finance across Asia and beyond,” said Ryan Kim, Founding Partner at Hashed.

Starting initially in Hong Kong, IDA will leverage the forefront of fintech and Web3 to reach other countries whose currency is also pegged to the USD. Over time, IDA aims to share their innovations and grow their business to other nations along the Belt and Road and Global South initiatives. More exciting partnerships will be announced to unlock a more inclusive and connected global marketplace.

Note: The current total stablecoins market cap is based on the data provided by defillama.com at 18:00 HKT on 2024-08-26.

About IDA Finance Hong Kong Limited (IDA)

IDA is the premier digital asset technology company to spearhead the widespread adoption of blockchain finance and to empower businesses to seamlessly integrate between Web2 and Web3.

HKDA, a fiat-referenced stablecoin built on public blockchain protocols, will be the first product launched by IDA. HKDA is designed to drive enhanced digital connectivity for seamless commerce and payments between Hong Kong and global markets, 24/7/365. To maintain the highest level of security and stability, all circulating HKDA will always be fully backed by at least 100% reserve assets in regulated Hong Kong based authorized institutions.

To maximize the network effect of HKDA for domestic and cross-border usage, IDA is partnering with key industry players to facilitate the minting, redemption and widespread acceptance of HKDA as a payment and settlement digital currency. In subsequent phases, IDA will also launch key products denominated in other US Dollar (USD) pegged currencies with ecosystem partners across regulated financial institutions and Web3 platforms.

More information can be found at www.idafi.xyz

About CMCC Global & Titan Fund

CMCC Global is one of Asia’s first venture capital companies focused solely on blockchain and Web3 investments. CMCC Global has an enviable record of investing early in leading projects such as Ethereum (ETH) at USD7, Solana (SOL) at USD0.20 and Cosmos (ATOM) at USD0.10. CMCC Global has reached assets under management (AUM) of over USD500 million across its funds and is known as a high-conviction investor. Today the company has offices in Asia, North America and Europe and operates several funds with different strategies including the CMCC Global Digital Asset Fund, the Titan Fund and its two funds of quantitative trading hedge funds Crest and SYZCrest.

More information can be found at www.cmcc.vc

Titan Fund offers accredited investors exposure to attractive growth opportunities within the blockchain ecosystem through a traditional equity venture capital investment strategy focusing on seed to series A/B along the key investment verticals of Infrastructure, Fintech and Consumer Applications. The Titan Fund is CMCC Global’s latest fund strategy and complements its Digital Asset Funds, which have been investing directly into protocols and digital assets since 2016, and its Crest family of funds that invests into crypto and quant funds.

More information can be found at www.titan.fund

About Hashed

Founded by a team of serial entrepreneurs and engineers in 2017, Hashed is the preeminent blockchain firm in Asia with a portfolio that spans the globe. We started Hashed because we saw an opportunity for blockchain to not only reinvent the global financial system, but the very fabric of the internet itself. This is one of the most consequential moments in human history — an opportunity to overlay the power of digital networks onto human ones, and to usher in a future where technology empowers individuals, and not the other way around.

More information can be found at www.hashed.com