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

USD/CAD is Majorly Affected Due to the Fiasco of WTI Crude Oil
  • 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

Kucoin Celebrates Its New Era With You

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

IOST Completes One Year and Celebrates on Binance Network

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

Sensorium (SENSO) gets listed on KuCoin Platform

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

SWFT Blockchain Releases OTC, Red Packet and Pay 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

TokenInsight Partners 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.

4th APAC Annual Blockchain Conference Canceled Owing to COVID-19 Outbreak

APAC Blockchain Conference Got Canceled

As Covid-19 virus races all across the world, most of the conference organizers are taking this crucial step to cancel, postpone, or even are going to the extent of virtualizing their meetings or summits. For example, the Paris Blockchain Week Summit was postponed till December 10th, or the Consensus in New York has been made completely virtual. Joining the list of conferences that stand canceled, Blockchain Australia also announced to postpone its 4th annual Asia-Pacific (APAC) blockchain conference 2020, which was scheduled to be held between 28th and 30th April in Melbourne, for an indefinite period until this Corona fear subsides.

The second annual blockchain industry awards named the “Blockies,” which was also supposed to be held with the APAC blockchain conference, also stands canceled. A representative from Blockchain Australia said in regard to this,

It was a difficult but necessary decision to maintain the quality of our events and protect the health and welfare of the participants. Applications that have been received to date will be preserved along with any applications finalized by the original closing date of 29 March. A further application window will also be provided.

You Can Now Stake XTZ and EOS on Pool-X

You Can Now Stake XTZ and EOS on Pool-X

Pool-X staking platform powered by KuCoin will be starting another time-limited Staking Campaign on March 20, 2020 at 14:00:00 p.m (UTC+8). The available projects in the third batch are EOS-30 and XTZ-30.

While the staking period goes on, in addition to the staking benefits of each project the users can share mining rewards of 250,000 POL every day. 

The subscription period will go on from March 20th, 2020 from 14:00:00 (UTC+8) to 23:59:59 (UTC+8) on March 20th, 2020. For the product details users can visit the Pool-X website.

To participate in the campaign the KuCoin users can go on the ‘Staking’ page of the Pool-X website and choose the product of their choice to stake. 

Here’s the tutorial link for the subscription procedure:

https://pool-x.zendesk.com/hc/en-us/articles/900000070043-How-to-stake-in-the-Pool-X-  

The users need to be a registered user on KuCoin before joining the Staking activity. On going ahead with the procedure, the users hereby confirm that they haven’t been forced by the KuCoin Group to join the campaign, or have been influenced in any manner.

While the Staking period goes on, the users cannot redeem in advance before the deadline of the staking period. The final clarification of this activity depends on the KuCoin group. 

Justin Sun Highlights Features of TRC10 and TRC20 Tokens

Justin Sun Throws Light on TRC10 and TRC20 Tokens

The Founder and CEO of TRON, Justin Sun today highlighted the benefits of TRC10 and TRC20 tokens through a recent tweet.

TRON (TRX) is a blockchain-based platform for decentralized applications commonly known as DApps. Similar to other platforms like Ethereum, TRON enables its users to create or issue tokens on its blockchain. These tokens can be used as Dapp’s currency or its usage depends on the user’s choice. 

The two tokens that are issued by TRON are TRC10 and TRC20. 

The TRC10 Tokens

The TRC10 tokens became available after TRON’s mainnet launch when it moved to its own blockchain from Ethereum. Since these tokens are easy to create, mostly the TRON-based tokens are TRC10 tokens.

The TRC10 tokens are used in high profile projects like BitTorrent Token (BTT) which enable faster downloads on BitTorrent, which is the largest decentralized protocol for file sharing with 100 million users. 

The TRC20 Tokens

The TRC20 provides these TRON-based tokens with better functionality, as it is used in smart contracts. For instance, a project based on TRON can automatically issue more TRC20 tokens for users making an early purchase by programming for an early purchase bonus into the token’s smart contract.   

But since the issuing of TRC20 tokens is quite a complex procedure with the addition of functionality and possibilities of customization, the TRC10 tokens are more commonly used. 

TRON is one of the most ambitious projects which aims to establish a completely decentralized internet and infrastructure. The TRON Protocol is one of the largest blockchain-based operating systems that offer public blockchain support of high throughput, high scalability and provides maximum availability of all Decentralized Applications (DApps) in the TRON ecosystem.

DoDreamChain Signs a Business Contract With HAECHI LABS

DoDreamChain Signs a Contract With HAECHI LABS

The blockchain-based audit giant Dream Chain, based out in Korea, is planning to accelerate the graph of growth for the Korean projects. Haechi Labs offer security audits with the help of static as well as run-time analysis and it also offers reviews for the code of your contract along with the gas optimization. They have top security experts in place who have been the winners of the Ethereum Foundation Grant.

The blockchain network Dain Leaders, based on international scholars, declared that it has entered into an agreement with HAECHI LABS to introduce a crypto-based wallet known as ‘Henesis.’ The news came out on March 17.

Dreamchain is one of the blockchain stalwarts who is helping companies to implement blockchain technology with full-fledged technological projects. It boasts of over 1,500 projects via technical developments, the identity of the brand, exchanges enlisting, and fundraising.

Dreamchain also features a platform that enables the sharing of information about international students proven by blockchain technology. It offers matching employment assistance amongst stakeholders like universities, foreign students, agencies, as well as companies.

The inspirational information and the current data regarding Korean study programs are endorsed until the point that is reimbursed on the basis of the participation as well as an activity over the platform. The points accumulated can be changed into ‘DRM Token.’