#Cryptocurrency Market

#Cryptocurrency Market
Best iOS Apps for Trading Crypto in 2022

Recently, the software development industry has fleshed out well enough to accommodate crypto trading. Currently, you can trade your crypto assets using both desktop computers and mobile phones. The iOS ecosystem is particularly suited for this task, so you use one or more crypto trading apps on your iPad and iPhone.


1# Coinbase


Determining what the best apps for trading crypto are depends on how compatible it is with your trading objectives and portfolio. Coinbase is one of the most popular crypto trading platforms and its iOS app is just as popular among iOS users. The app is fitted with a practical (and gorgeous) interface and features that get to the heart of trading. The app holds some of the advantages of using Coinbase as an exchange platform, including the ability to trade in Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.


Coinbase is also very easy to use, especially as a tool for tracking market trends and trader portfolios. The app is available for free download on Apple Store and has no in-app purchases.


2# FTX


The FTX iOS app is the mobile app for crypto traders on the FTX (formerly Blockfolio) crypto trading platform. It is one of the best trading apps for crypto traders that prefer iOS apps over the Android alternative. Moreover, the app inherited the robust feature base of the FTX platform, so it probably has the best collection of enabling attributes for crypto traders, including a relatable and easy-to-use interface.


The FTX iOS app lets you do everything on your iPhone or iPad that you can do on the web version of the FTX. So, it is a suitable app for portfolio tracking and P&L charts, with a dark theme for a contrasting effect on trading visuals. The app is also available for free download in the Apple Store.


3# Kyrrex


Kyrrex offers one of the best apps for crypto trading in the iOS ecosystem. Much like the crypto trading platform itself, the Kyrrex iOS app is ingenious, flexible, and very practical for buying and selling crypto assets, tracking portfolios, liquidating assets, and protecting them with high levels of software security. The app has all the best features of the native Kyrrex web platform, including trading instruments, and features for liquidity, security, and others that bolster trading for beginner and experienced crypto traders.


The main objective of the Kyrrex iOS app is to help you access everything related to your crypto assets and trading activities. Thus, if your plan for using an iOS app for your crypto trading revolves around having total control over buying and selling cryptos, tracking trends and portfolios, and forecasting possible dips and uphill activity in the crypto market, then the Kyrrex app is your best bet.


Its API is particularly noteworthy as it comprises practical protocols for the effective trading of cryptocurrencies and assets.


You can download the Kyrrex iOS app for free here on your iPhone or iPod touch (with iOS 12.0 or later).


4# Delta


Delta is undoubtedly one of the best crypto trading apps for iOS users who happen to be active crypto traders. The biggest difference between the Delta Investment Tracker app and other iOS apps for crypto trading is that you can easily manually enter needed information into the app. As such, the app design is well-thought-out and fleshed out in a way that indicates that the software developers have the best interests of crypto traders at heart.


Like the other apps earlier highlighted, the Delta iOS app is available for free download on the Apple Store, although it has some in-app purchases.


5# Cash App


Unlike most of the iOS apps on this list, the Cash App is not a traditional crypto trading app. Instead, it is more popularly known for sending and receiving money from other people. Thus, the biggest advantage to using the app is that so many other people are already using it for paying friends and employees or receiving from friends and employers. Thus, even though Cash App users can only buy Bitcoin and no other cryptocurrency (at the moment), the app’s user base is continually growing.


Added to the crypto-related feature on Cash App that lets you buy Bitcoin, you can also enable notifications for news about Bitcoin prices within a specific user-defined period. Moreover, the app is also available for free download on the Apple Store.


6# CryptoTrader


CryptoTrader is another iOS app that doubles as the original platform’s provision for crypto traders that don’t want to use Android. Because of its universality in connection with the number of crypto coins (including Bitcoin, Ethereum, Ethereum Classic, Litecoin, Monero, Dash, ZCash, etc.) that the CryptoTrader platform supports, the iOS app is recognized as one of the best apps for day trading crypto.


With CryptoTrader, you can expect to get a highly interactive interface with robust features and real-time charts. The app is one of the best there is among iOS crypto trading apps for keeping up with market trends.


The app can be downloaded for free on the Apple Store and is still compatible with iPhones, iPads, and iPod touches that can only run iOS 10.0.


7# CoinTelegraph Markets Pro


CoinTelegraph Markets Pro is very different from all the other top crypto trading apps. This particular app is not enabled to help you buy and sell cryptocurrencies and crypto assets. However, there is arguably no better iOS app for information about crypto news and developments in the blockchain industry. So, CoinTelegraph Market Pro is an app for solely keeping track of market trends and coin prices.


The CoinTelegraph Market Pro is particularly helpful for crypto traders that are just getting into the trading industry. It is not fitted with too many features, but it offers a profound reading and learning experience for whoever is interested in knowing the whats, whens, and hows of the crypto trading market and industry.


The CoinTelegraph Market Pro iOS app is also available for free download on the Apple Store.


Concluding


Ultimately, iOS apps for trading crypto can provide enormous help to serious traders. Some of the apps listed in this article are especially suitable for this exercise and can smoothly enable you to meet your trading goals, including making more money and gaining more experience.

#Cryptocurrency Market
Best Android Apps for Trading Crypto in 2022

Crypto trading has gone beyond hunching over a desktop and punching numbers into calculators. Savvy traders use different software applications and platforms. As such, they are able to maximize profits by diversifying crypto exchange activities. And yet, this is only one of the benefits of using the best crypto trading apps.


In this article, we want to list out some of these top crypto trading apps on the mobile Android operating system and outline their foremost characteristics and advantages.


1# Kraken


With its modern and interactive design, Kraken offers one of the best apps for crypto trading on Android. The Kraken Android option borrows its popularity from the fact that Android is a mobile system used by more than half of the world’s online population, and the Kraken platform for crypto trading is just as well known for its wide range of tradable cryptos, offline deposit security scheme, and low transaction fees.


The Kraken Android app allows you to do everything available to users on the web platform. This includes trading cryptos, tracking trader portfolios and market prices, and getting notifications on the latest ups and downs of different cryptocurrencies.


The Kraken Android app is available for free download from Google Play Store.


2# Coinbase


While Kraken charges significantly lower transaction fees compared to Coinbase, the latter’s Android app has a better interface that is both interactive and easier to use. Thus, the app has a high appeal for beginner crypto traders, especially with the presence of access links to online materials about cryptos in general, trading them, and the dynamics of the trading market.


The Coinbase Android app also lets you use the 100+ array of cryptocurrencies supported by the exchange platform, including all of the major ones such as Ethereum, BNB, Binance USD, and Tether. Consequently, the Coinbase offering for Android devices is one of the best apps for trading crypto, and it is suitable for both beginners and accomplished traders who want to spread their trading domain.


The Coinbase Android app is also available for free download on the Google Play Store.


3# Kyrrex


Compared to the other Android apps for crypto trading on this list, the Kyrrex offering is positively radical. Like the others, the app is designed to offer the majority of the services available on the web platform. Unlike the others, the Kyrrex Android app was designed to empower trader activity and is fitted with an uncomplicated, intuitive, and interactive interface. The app’s background colors are equally crisp and warm, and shoulder essential features for on-the-go trading.


Kyrrex keeps a close eye on user reviews, so there are regular updates relating to bug fixing and user demands. Recently, Kyrrex develops added the platform’s primary token to the app, affording users the ability to stake and pay fees in KRRX. The app is also very secure, and, with its regular news update feature, is one of the best apps for day trading cryptos.


The Kyrrex Android app can be downloaded for free from here.


4# Bitstamp


The biggest advantage that the Bitstamp Android app brings to the crypto trading table is its high-level integration of chart-type analytics. Because the average crypto trader pays a lot of attention to price trends and market updates on the fluctuating values of cryptos, the developers of the Bitstamp Android app polished its interface to boost this charting property.


But if that was all there is in the Bitstamp Android app, it wouldn’t be known as one of the best trading apps for crypto. Outside of letting you send and receive crypto assets, not to mention invest and hold them, the app also lets you use QR codes for your trading activities. In other words, you can send Bitcoin and Ethereum units to someone else by scanning their QR codes.


Thus, the Bitstamp Android app is suitable for beginners and sophisticated traders, especially those who prefer to fund their trading wallets directly through bank transfers, credit and debit cards, and other traditional funding methods.


5# Gemini


Gemini is almost always mentioned as a leading cryptocurrency exchange platform. This is not only because the platform is one of the earliest to be regulated by the government (and thus thought to be reliable), but also because it promotes easy and flexible crypto trading while supporting more than 100 cryptocurrencies. Its offering for crypto traders with Android devices covers the same characteristics, so the app allows its users to trade cryptos, fund wallets via bank transfers and cryptos, and even has a marketplace for collectibles.


Gemini’s Android interface is likely one of the simplest and most practical out there. Nevertheless, the features are well-fitted for expert traders and crypto investors, with chart capabilities and trend tracking. Consequently, the Gemini Android app is popular and a reliable app for trading cryptos anytime and anywhere.


6# Bisq


One of the main bites of the blockchain revolution is peer-to-peer exchange, and this is the leading characteristic of all Bisq platforms, web or mobile. The existence of this peer-to-peer exchange feature is the main reason many crypto traders with Android devices participate in regular trading as the Bisq app follows the decentralized crypto trading model.


The Bisq Android app is not perfect, can be slow, and is most effective for small trading volumes. But it has a versatile funding portfolio, letting users engage in fiat-crypto trades. This also means that Android users can fund their crypto wallets via AliPay, Perfect Money, OK Pay, and Zele. The diversity thus brings the app closer to home and makes it crucial for crypto trading.


7# Robinhood


The Robinhood Android app is a lot like the Bisq app. It is also one of the best out there for crypto traders who are usually only involved with small volumes and prefer instant access to their deposits anytime and anywhere. But the app was particularly designed to benefit beginner investors, so the app interface and features appeal to this crop of crypto traders more than any other.


The Robinhood Android app also allows commission-free trading and users generally have a great deal of control over their crypto assets and investments. This is why the app has a large user base with around 10 million accounts.


Summing up


All of these Android apps for trading cryptos can help consolidate your trading potential and even augment automated trading. The trick is finding the most suitable, so you have to choose between a time-tested option like Kraken or an innovative and novel option like Kyrrex android app for trading crypto.

#Cryptocurrency Market
HODL! Crypto HODLers Stay Upbeat Amid Market Plunge

In recent times, the crypto market has tumbled faster than a crashing rocket. Industry darling bitcoin has shelved two-thirds of its value this year and every other major cryptocurrency has followed suit. Grand predictions that digital currencies would take over the world are looking more like a distant dream. Amid soaring global inflation and worldwide supply disruptions, a general sense of pessimism pervades the climate. 


The global cryptocurrency market is now worth around $1.1 trillion, according to CoinMarketCap. Compared to the all-time high of $3 trillion, it's clear there's been a massive sell-off. Triggered by the collapse of Luna, which wiped off $20 billion in an instant, and troubles with platforms like Celsius, many investors have walked away with their money. 


And yet a core group of crypto diehards remain—the HODLers. They are motivated by different purposes but united by a common belief in the staying power and long-term profitability of cryptocurrencies. 


What is Hodl?


"HODL" is the popular term in cryptocurrency investment circles for the buy-and-hold trading strategy. The strategy encourages investors to ignore volatility in the near term with a belief that a token will appreciate in value over a longer time frame. 


Many crypto HODLers have witnessed past bear markets that lasted months and years. Confidence similarly tanked like now and many skeptics sang requiems for crypto. But they stayed calm, kept believing and managed to multiply the value of their holdings when fresh investments poured into the market. 


They see similar opportunities in the current financial crisis, the worst in more than a decade, and have been advocating patience in anticipation of a long-term bullish future. 


Crypto evangelists like Michael Saylor have kept playing drums of optimism despite the general doom and gloom. The MicroStrategy CEO remains a firm believer in bitcoin's current viability and future potential despite losing almost $5bn in notional value due to the market downturn. 


#Cryptocurrency Market
Crypto.com fires 260 employees, everyone blames Matt Damon

A few months ago, the cryptocurrency landscape shone bright green, major coins soared in value, and Matt Damon was cast as the poster boy of exciting risktaking with the tagline: "Fortune favors the brave". 


Now with the cryptoscape looking decidedly desolate and every major digital asset in freefall, the Hollywood superstar has become a punching bag for online users for his role as face of Crypto.com in the infamous advert


The commercial had premiered in October 2021 and was soundly panned by critics for comparing investing in crypto-assets to historical feats like traveling to space. With the recent news of layoffs at Crypto.com, the Oscar-winning actor has come in for another round of criticism for promoting a volatile class of assets. 


Users across social media explained that everyone that bought tokens based on Damon's appearance in the ad is currently down on their luck. 

#Cryptocurrency Market
Celsius Stops Withdrawals, Worsening Widespread Panic

The widespread panic in the crypto industry took another turn this week as top DeFi platform Celsius paused withdrawals, citing a need to "stabilize liquidity and operations". 


Celsius previously rode on promises of high interest rates to attract customers. However, it was forced to activate protective measures following the ongoing recession which triggered a liquidity crisis at the crypto staking and lending platform. 


In a Medium post addressed to community members, the company defended its unpopular move as a "necessary action for the benefit of our entire community in order to stabilize liquidity and operations while we take steps to preserve and protect assets."


"Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations," read the statement, which has been the subject of hot debate on social media. 


Analysts across the board suggested that the bear market is poised to claim its next victim. Celsius is just the latest high profile crypto platform to run into troubled waters since the current dip began. Its apparent impending collapse will no doubt fuel crypto skeptics in their beliefs that the entire industry runs an unsustainable model. 


“The tide has gone out in crypto, and we’re seeing that many of these businesses and platforms rested on shaky and unsustainable foundations,” said Lee Reiners, a former Federal Reserve official while speaking to the New York Times. Most crypto businesses operate without official supervision and cook up all kinds of fantastical offers to entice users. Exceptions are the major centralized exchanges, and growing ones like Kyrrex that take the initiative to meet regulatory approval. 


Before its current troubles, Celsius operated like a traditional bank, but for cryptocurrencies. It accepted deposits, mostly in bitcoin and Ethereum, from crypto holders and offered APRs of up to 18%. The company claimed it had 1.7m unique wallets/users and managed total assets of close to $12 billion. 


In 2018, the company launched CEL, its own native token, to raise money for expansion. The digital asset fell almost 100% after Monday's shock announcement but surged back to trade around $0.6 on Wednesday, 


But this seems like a brief respite for Celsius, in particular, and the crypto market in general. The platform's freeze of customer money had sent prices tumbling industrywide. Bitcoin fell to 52-week lows and most major altcoins weren't spared from the massive selling pressure. 


Some small good news: The people at Celsius seem determined to fight to the bitter end instead of taking the easy way out and declaring bankruptcy. The Wall Street Journal reported on Tuesday that the crypto lender has hired a legal team to advise on how best to resolve its liquidity issues. 


How this plays out remains anyone's guess. But this is surely another negative incident in a year full of them for crypto. In May, the algorithmic stablecoin TerraUSD (UST) lost its peg to the dollar, unleashing a vicious chain of transactions that wiped away $60 billion of investors' funds.


While Celsius fights for its life, and with the fall of the Terra Network as a cautionary tale, many people have grown pessimistic about crypto as reality sets in. For other crypto platforms, especially DeFi, there is fear of being caught in the crossfire. Some CEOs of leading platforms are wary of a backlash from users who start withdrawing their funds, either converting them into stabecoins or removing them from the crypto market entirely. 


"Their potential insolvency matters to all crypto investors because they were a major player who had assets deployed on multiple DeFi protocols on different blockchains. If it is forced into full-on liquidation, then the withdrawal of those assets may begin a chain reaction of falling prices and forced liquidations for other DeFi users," Omar Malekan, an adjunct professor, explained while speaking to Forbes. 


But there is also a lesson to learn and a potential way forward. The sobering incidents with Terra and Celsius have shown the dangers of offering unrealistic benefits to attract customers. Be it a centralized exchange or a DeFi platform, modest interest rates that don't put too much pressure on liquidity in times of downtrend is the way forward. 


Any platform that doesn't heed the warning is likely to learn the hard way. 

#Cryptocurrency Market
USDC is available on Kyrrex with lucrative savings interest rates

USDC joins us this week! 🎉


We’re excited to announce that Kyrrex now supports USD Coin.


USD Coin (USDC) is the stablecoin pegged to the US dollar regarding market capitalization and usage. It launched in September 2018 as a collaborative effort between Circle and Coinbase. Like Tether (USDT), USDC is a significant participant in the stablecoin market, facilitating money flow and use cases. 


Kyrrex’s users can now make deposits, withdrawals, and trade for USDC/USDT pair. We also offer favorable USDC interest rates for various periods, which will help securely grow your savings.


Moreover, in June, we'll add an extra 0.5% to the Earn program for USDT and USDC stablecoins.


APY for USDT in June:


  • 30 days - 6.7%
  • 90 days - 8.0%
  • 180 days - 9.3%
  • 360 days - 10.5%


APY for USDC in June:


  • 30 days - 4.7%
  • 90 days - 6.0%
  • 180 days - 7.3%
  • 360 days - 8.5%


Stay tuned for more updates!

Your Kyrrex 💚

#Technology
#Cryptocurrency Market
Best Crypto Trading Bots of 2022

Automated trading is the spice of life for some of the most experienced and professional traders. This is because bot trading allows professional traders to better monitor their trading strategies and decisions while increasing their trading efficiency and value productivity.


But automated trading is also marketed to newbie traders. Bot trading on this front increases the speed at which the beginner can grasp the ebbs and flows of the trading floor, differentiate between stock investments and crypto investments, and consolidate this knowledge with observable practice. Bot trading also reduces the risks of the beginner losing their investments all in one go, with some platforms offering demo trading options so that the trader can get used to the market before putting money in.


So, although there are a few drawbacks to using bot trading, it is generally advisable for newbies to rely on trading bots before getting their feet wet in the often perilous currents of trading.

Thus, we have compiled a list of trading bots that is useful to both newbie traders and professionals. These are some of the best crypto trading bots of 2022, so you are not missing out on relevance or application.


1. CryptoHopper


#Cryptocurrency Market
Top 10 Innovative Tokens on the Binance Smart Chain

Blockchain technology is the crystallization of Satoshi Nakamoto’s finance decentralization dream. It is on account of this technology that the concept of distributed public ledgers for efficient and transparent financial transactions has come to fruition.


But there are many blockchains around now, each with its standard tokenization, approach, infrastructure, and design. Faced with this variety, what would you choose? Would you pick out efficiency and diversity, for example, over innovativeness and emerging popularity? If you are the majority of sharp crypto traders, investors, and enthusiasts, you would decide on a blockchain that has everything to offer, including a host of innovative tokens. This is what the Binance Smart Chain (BSC) is all about.


BSC is one of the newest blockchain networks on the block. The network’s architecture is innovative and flexible, so it accommodates a massive data storage infrastructure and allows transactions to run at the highest speed possible.


BSC is popular not only because it is innovative but also because it supports smart contracts. The governance of the network is also community-based, so it uses the proof-of-staked-authority model to drive operations and transactions.


Quite a number of valuable tokens can be found on BSC. These include the LOTT token (which serves as both the blockchain-traditional transaction token and a gaming token), the BSC-native BNB token (which is one of the top BEP-20 tokens), and many others.


So, we have written this article on the top 10 innovative tokens that were built on BSC and therefore utilize the blockchain’s network features with optimized precision.


1. BNB (Binance Coin)


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