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Watch Dogs: Legion features crypto as in-game currency

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Ubisoft’s Watch Dogs: Legion is the latest media property to prominently feature cryptocurrencies. The upcoming game will depict a post-Brexit version of London where crypto has replaced GBP.

Watch Dogs: Legion is the third game in the franchise, which allows players to roam around a dynamic GTA-style open-world environment. In previous entries, the protagonist was a member of a hacker organization similar to Anonymous, known as DedSec. This latest game allows players to take control of almost any character in the world. 

Creative director Clint Hocking told The Verge that the game depicts London during a “time of massive social change”. In an interview with Game Informer, design director Kent Hudson said that the city “is seeing her downfall. It’s a time of social crisis: AI is devastating the economy, the pound has collapsed and is being replaced by cryptocurrency, organized crime has taken a resurgence.”

It’s unclear exactly what role crypto will have in the gameplay, but this is definitely a good chance for a huge new audience to be informed (or reminded) of its potential benefits. Towards the start of 2019, online gaming phenomenon Fortnite briefly enabled gamers to pay for rewards with crypto, but this feature was quickly removed. Ethereum (ETH) also gained some positive sci-fi exposure back in April, with its featuring as a plot point in Netflix’s The OA.

Source :ambcrypto

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Amun Launches Exchange-Traded Product Using Bitwise Crypto Index

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Swiss-based fintech firm Amun AG has released plans to launch a new exchange-traded product (ETP) that will use the Bitwise 10 Select Large Cap Crypto Index as a benchmark. This is the fifth ETP the Swiss SIX Exchange has permitted.

Bitwise Index Services, a subsidiary of Bitwise Asset Management, licenced its index for the first physically replicated crypto index product. The Amun Bitwise Select 10 Large Cap Crypto ETP is available to anyone outside the U.S., and will trade with the ticker symbol KEYS.

“We are thrilled to partner with Bitwise to bring the most broadly diversified crypto ETP to investors in Switzerland,” said Hany Rashwan, CEO of Amun. “Bitwise is the global leader in crypto indexing, and we are excited to launch a product that builds on their expertise.”

Bitwise develops, calculates, disseminates, and licenses cryptocurrency indexes and conducts research in the area of cryptocurrency investing. Its parent company Bitwise Asset Management created the first crypto index fund in 2017.

The Bitwise 10 Select Large Cap Crypto Index is designed to track the performance of up to 10 of the largest crypto assets in the world, as measured and weighted by free-float and inflation-adjusted market capitalization. Though it excludes privacy coins and Platform Dependent Tokens on third-party blockchains.

Constituent securities must meet a variety of criteria to qualify for the Index, including rules related to security, liquidity and institutional support, according to the press release. The Index is rebalanced and reconstituted on a monthly basis.

As of a rebalancing on May 31, the index is weighted with Bitcoin comprising 67.8 percent, Ethereum 11.5 percent, Ripple 8.33 percent, and Bitcoin Cash, Litecoin, and EOS comprising around 3 percent. Stellar and Cardano represent around 1 percent of the basket.

To serve as the underlying assets of the ETP, the index must be approved by SIX and must be both supported by appropriate market makers and available for custody at leading institutional custodians. Currently only eight cryptos make all the requirements.

However, “SIX is a forward-thinking regulator, however, and as the space matures, we expect to see more assets qualify,” said Matthew Hougan, Global Head of Research at Bitwise.

Coinbase Custody and Kingdom Trust currently serve as custodians, though the market makers have not been disclosed yet.

Amun previously released a number of crypto ETPs on the Swiss national market, including one holding the top five cryptocurrencies in a basket (HODL), and ones holding Bitcoin (ABTC), Ethereum (AETH), and Ripple (AXRP).

“Crypto is moving forward on its journey to becoming a mainstream, regulated financial asset,” said Hougan. “Nasdaq Nordic has also allowed crypto ETPs to launch, and regulators are deeply engaged in the US, Europe, and Canada. This is just the next step in that development.”

source:.coindesk.

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Crypto Trading Tools: What is The Big Deal?

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Mechanics are not defined by their toolboxes, which means that any person has to learn and perfect their skills to become successful. Nonetheless, any reasonable person will agree that some tools are useful to perform some crafts. This statement is also true when it comes to trading: even though you need to learn all the basics to achieve profitability and consistency, crypto trading tools can help you out during your journey.

This is sponsored content.

CHARTING TOOLS FOR TECHNICAL ANALYSIS

Even though some market participants lean solely on the fundamentals, most traders prefer to take a look at the price action before making a move. To do so, they usually pick a charting software and become familiar with it. As CryptoCoinTrade points it out, “charts provide precise information about price fluctuations of a certain currency over a specific time period. It is an essential tool for all traders and those in the crypto community are not an exception.” Here are two examples of two very powerful Crypto Trading Tools:

TradingView is one of the best charting software for cryptocurrencies. Source of Image: Facebook.

TradingView.
 This online software is an excellent tool both for beginners and savvy traders. It comprises most of the preferred technical drawing tools, such as trend lines, horizontal and vertical lines, channels, geometrical figures, pitchforks, Fibonacci tools, and even chart pattern drawing tools. It also offers multiple technical indicators such as moving averages, RSI, MACD, Stochastic, and Bollinger Bands. Furthermore, TradingView allows premium members to work with multiple charts and indicators at the same time while providing an alert system. Thanks to this feature, traders can receive a signal through email or SMS when specific conditions are met. For instance, a user could decide set an alert to be informed by TradingView when Bitcoin (BTC) breaks a support or resistance zone. Indeed, TradingView can be very useful if used properly.

Coinigy. Coinigy is another online service that is providing charting services to the crypto trading community. In addition to encompassing most of TradingView’s features, Coinigy also has access to a wide variety of exchange feeds. Although this is not relevant for traders who focus on the largest cryptocurrencies, Coinigy can be an asset for traders who are looking to benefit from the larger volatility on digital coins that have a smaller market capitalization. Moreover, the platform offers an API service which lets users connect all their exchange accounts directly to Coinigy and ultimately makes a trader’s life more manageable!

GENERAL INFORMATION ABOUT THE CRYPTO MARKET

In order to get a solid grasp on the market, it is essential to use some tools that specifically provide general data about the market. Otherwise, you will, sooner or later, make a mistake or miss a very important piece of information that would have changed your trading plan. Here are some tools that can help you while you try to keep the bigger picture in mind.

CoinMarketApp. This app is a mobile replica of CoinMarketCap, a website that is very popular among crypto-enthusiasts. Having said that, CoinMarketApp provides data about all coins listed on significant exchanges, including but not limited to trading volume, price fluctuations, market capitalization, Bitcoin dominance compared to the rest of the market. It also displays a very frequently updated newsfeed, which can be very useful if you are looking to stay informed about the overall crypto market.

Avoiding the herd mentality can help you to become a successful trader. Source of image: Pexels.  

Crypto Fear & Greed Index.
 Although every virtual token has its own price action, most cryptocurrencies are still following the lead of BTC. For that reason, it can be quite useful to know whether the crowd is either looking to buy or sell Bitcoin. The Crypto Fear & Greed Index, which is part of Alternative.me, is nothing more than a very comprehensive sentiment analysis tool. Thanks to a gauge that goes from 0 to 100, this index informs the user whether market participants are currently fearful or greedy. The closer it gets to 100, the greedier people are, which is a sell signal. It is relevant to point out that sentiment tends to be used as a contrarian indicator because most of the time, the crowd is wrong.

Conclusion

Traders have higher chances to improve their game and to become profitable once they learn how to use basic but yet essential tools. Even though each individual has its own preference, all successful investors have a system and follow a precise trading plan. To respect their rules, they need to maintain a consistent approach and therefore use the same tools over and over. Although we do not claim that we covered every potentially helpful tool, we are pretty confident that you have enough material to get started.

Disclaimer: This article is sponsored content. Chepicap has not written this article, nor do we endorse any content within the article. It should be clear for readers this is not investment advice. As always, do your own research.

Source.chepicap

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Crypto-mining firm GAW Miners LLC’s investors given Class status by U.S District Court

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Less than a year ago, Homero Joshua Garza was sentenced to 21 months imprisonment, followed by three years of supervised release. He was also ordered to pay restitution of over $9 million by the U.S. Attorney’s Office of the District of Connecticut. The Founder and CEO of GAW Miners LLC, Garza, was prosecuted for defrauding victims out of their money, in connection with the illegal procurement of cryptocurrencies on the firm’s behalf.

The case in question is in the news again after Bloomberg reported that investors in the controversial GAW Miners LLC’s cryptocurrency mining products can “pursue securities fraud claims” against the firm’s co-owner as a class.

The US District Court judge, Michael P. Shea, ruled that a company making misrepresentations about its computing capacity is a common issue to all class members. Over 212,000 users who executed 33 million transactions with the company were defrauded of the money they had invested in.

Investors had alleged that the mining firm did not use the profits generated from mining digital currencies for any of the mining pools’ computing power. According to the lawsuit filed against GAW Miners LLC, the company was involved in a Ponzi scheme wherein money was poured into the pockets of existing clients by new clients the company brought in, which was a clear violation of the U.S Securities and Exchange Act.

According to the report, the U.S District Court gave the concerned parties until July 5 of this year to raise any doubts about the modified class action, in an attempt to avoid standing problems.

Source :ambcrypto

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