Blockchain Press Releases
Major Upgrade to Auto-Invest Bot: Portfolio Set to Begin a New Chapter
SINGAPORE, Sept. 14, 2023 /PRNewswire/ — Recently, the Bitget team upgraded the auto-invest bot and introduced a brand new Portfolio mode. Bitget adheres to the principle of “Trade smarter”, aiming to create a more convenient, efficient, and intelligent trading environment for users. Helping users to make smarter and more professional investments or trading decisions, which offers them the potential for greater profit.
1. What is Portfolio?
Portfolios are smart recommendations that can be found in Bitget’s auto-invest bot section. Portfolios are composed of a variety of leading tokens in a particular domain or sector, each with a specified weight. The weight proportion of a token represents its importance within the portfolio or within that particular sector. Projects are generally evaluated and ranked comprehensively on a number of dimensions, including growth prospects, technology, popularity, and innovation. Bitget is committed to recommending the highest-quality investment portfolios to users.
Portfolios combine different assets within a particular domain or sector, and instead of investing in a single coin, users are investing in an entire sector or multiple domains. Portfolios achieve investment diversification while effectively mitigating the risk associated with individual positions, helping users guard against and balance significant market fluctuations. For example, if you want to generate stable high returns in the crypto market, you can buy several different tokens so that you have a diversified portfolio. If some of the tokens experience major fluctuations or other issues, your entire Portfolio will not be greatly affected, as the performance of other tokens will offset your overall losses.
Understanding and using a Portfolio is of utmost importance for the average user who is seeking gains in the ever-changing crypto market. However, with the constant proliferation of various projects, trading has become more challenging, and the complexity of distinguishing between projects has also increased. Only by continuously improving one’s comprehensive capabilities can you select high-quality projects and build top-notch portfolios. Recognizing this market phenomenon, Bitget has launched a user-friendly smart Portfolio mode to help users navigate the crypto market with ease.
2. Characteristics of Bitget Portfolios
- More Professional: The coins and their weight proportions in the Portfolio are carefully assessed and rigorously selected through a comprehensive evaluation, strict screening, and historical data analysis by Bitget’s team.
- Simple Settings, Intuitive Activation: Users can select their favorite Portfolio based on returns and the number of users, and by simply filling in the investment amount, they can initiate the auto-invest portfolio with a single click.
- Diversified Risk Appetites: Users have different risk appetites, and Bitget offers Portfolios with different risk levels to cater to users with different risk profiles. They are categorized into three main types: low risk, medium risk, and high risk, with investment returns ranging from low to high depending on the risk level. Whether you are a conservative user or an aggressive user, you can find the right Portfolio for you.
- Comprehensiveness and Richness: Portfolio recommendations encompass a collection of assets from a single or multiple domains, providing users with diversified choices. Bitget will continue to introduce more bots in response to market fluctuations.
3. Portfolio Recommendation
The core of a high-quality Portfolio lies in the correlation and risk between each asset within the Portfolio, rather than just a simple combination of different assets.
3.1 Selection of Investment Targets
In the ever-changing crypto market, selecting the right investment targets is not an easy task, but there is a solution to every challenge. Users can perform an initial screening in the following two ways.
- Relying on market capitalization
The larger the market capitalization, the relatively safer the tokens.
The larger the market capitalization, the better the liquidity.
- Selecting leading projects within a sector
For average users, it is advisable to refrain from investing in seemingly bullish but unfamiliar projects, since we can not anticipate the hidden factors
behind the sudden surge of the project, which may lead to unnecessary losses. Choosing the leading project within a particular sector is the simplest and safest approach. The coming years will continue to be an era of competition for existing resources, which applies to various sectors, with high-quality resources tending to favor leading projects. Leading projects typically outshine other unknown ones in terms of brand advantage, market channels, cost advantages, R&D capabilities, and talent resources. The strong will continue to grow stronger, while the weak will find it increasingly harder to survive.
3.2 Asset Allocation
Asset allocation is a critical concept in Portfolio theory, referring to how assets are allocated based on their characteristics, such as risk, return, liquidity, and more. The purpose of asset allocation is to achieve investment targets while minimizing risk.
Typically, different types of assets carry varying risks and rewards, so asset allocation requires considering these factors comprehensively to achieve optimal investment returns and risk control.
3.3 Diversified Investment
Diversified investment is a key concept in Portfolio theory, which refers to spreading assets across different tokens or sectors, reducing the investment weight of a single token or sector to mitigate overall risk. This is because a single token or a particular sector is typically influenced by various economic and market factors. If users allocate all their assets to the same token or sector, in the event of a significant impact on that token or sector, their entire investment may incur irreparable losses.
It is important to note that Portfolio theory does not guarantee a return on investment, as markets involve uncertainty and risks. However, through proper asset allocation and Portfolio management, you can enhance risk control and get the best possible return on your investment. At the same time, regularly evaluating and adjusting your Portfolio ensures that your investment strategy is always in line with your investment targets and risk appetite.
4. How to Create a Portfolio strategy? (Web)
4.1 Log in to your Bitget account. Head to Homepage > Bots, and click on Spot Auto-invest to trade.
4.2 Head to Recommended Portfolio, and select the corresponding recommended card based on the Portfolio profile information and ROI. Click on Select to view the specific cryptocurrency composition and the corresponding weight proportions. (Recommended Portfolio mode is more suitable for novice users)
Friendly reminder:
4.3 If you are an experienced trader, you can use Manual mode to periodically adjust your Portfolio based on market conditions and investment targets. For example, if an asset is performing well, you might consider increasing its weight; if an asset is not performing well, you might consider decreasing its weight or cutting its holdings.
4.4 Select the investment frequency. The investment intervals can be hourly or monthly. The calculation will be based on the local time of your current device. All asset prices will reflect the market price at the time of your selection.
4.5 Enter the amount, which is the total value you want to invest (currently in USDT). Ensure that your spot account has a sufficient balance. Otherwise, the bot may be forced to terminate suddenly. You can still adjust the amount after the bot has been activated.
4.6 Check the box below if you want the bot to be automatically terminated when your spot account balance is insufficient. You can reactivate the bot at any time.
Note: To learn more about the relevant parameters, view Spot auto-invest parameters explained.
4.7 View bot performance
Go to the bottom of the Trading bots page to see your current bots. You can also view the Bot Details or choose Terminate.
5. Crypto price Today
How can I predict cryptocurrency prices?
What are the top crypto coins right now?
What drives cryptocurrency prices?
How to read cryptocurrency prices?
Come to Bitget Crypto Price, you can see more than 12,000 crypto real-time prices, Watchlist, All crypto
TrendingATH, 52 weeks high and 52 weeks low
6. Crypto Calculator
Bitget real-time crypto calculator assists you in converting prices online between two currencies. Stay updated on popular cryptocurrency exchange rates like Bitcoin, Ethereum, Cardano, Solana, and Dogecoin with the latest conversion rates.
Keep track of the latest news and pricing by signing up with Bitget today. Check out our guides that cover how to convert and buy crypto, including How to buy Bitcoin and How to buy Ethereum.
Disclaimer
Portfolio is a trading tool. The abovementioned information should not be regarded as financial or investment advice provided by Bitget. Portfolio returns may be impacted by one-sided market conditions or improper price interval settings. You can adjust your Portfolio strategy according to market conditions. Your use of this tool is subject to your unconditional acceptance of all the Terms and Conditions of Bitget. You should be fully aware of the risks associated with cryptocurrency investments and proceed with caution. You agree that all investments conducted on Bitget.com reflect your genuine investment intent, and you unconditionally accept the potential risks and gains of your investment decisions.
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Blockchain Press Releases
KuCoin Cares Extends up to 10,000 KCS Humanitarian Aid to Typhoon Yagi Victims in Vietnam
VICTORIA, Seychelles, Sept. 14, 2024 /PRNewswire/ — In a prompt response to the devastating impact of Typhoon Yagi in Northern Vietnam, KuCoin is committed to airdropping up to 10,000 KCS to support the communities affected by the disaster. This donation is designed to provide immediate aid and support the recovery efforts of those impacted.
KuCoin will use backend access logs to identify users in the affected regions. Vietnamese KYC3/KYB users who engaged in trading on the KuCoin platform between August 1, 2024, 00:00 (UTC+8) and September 12, 2024, 23:59 (UTC+8), will be eligible to receive this compassionate donation. Each eligible user will have an equivalent of US$20 in KCS airdropped into their KuCoin accounts starting from September 18, 2024.
This philanthropic effort underscores KuCoin’s commitment to delivering timely assistance. The initial distribution is set to begin shortly, ensuring that aid reaches those in need without delay. In KuCoin’s announcement stated, “Our thoughts and concerns are with the people of Vietnam during this challenging time. Through our donation, we aim to provide relief and stand in solidarity with the communities as they rebuild and recover.”
This initiative is part of KuCoin’s ongoing commitment to support global communities in times of crisis. More detailed information regarding this humanitarian aid can be found in KuCoin’s official announcement.
KuCoin encourages the global community to come together to support the recovery efforts and thanks its users and partners for their continued trust and support.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 5 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June & September 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2023 & 2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
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Blockchain Press Releases
HTX Ventures: Bitcoin Scripting Advances Unlock Potential for Secure and Scalable BTCFI
SINGAPORE, Sept. 12, 2024 /PRNewswire/ — HTX Ventures, the global investment division of HTX, today released its latest research analysing Bitcoin’s potential and challenges in the field of Bitcoin decentralized finance (BTCFI). The report, titled Exploring the BTCFI Rabbit Hole from the Perspective of Bitcoin’s Programmability, aims to help readers understand the BTCFI sector better, by exploring the evolutionary path of Bitcoin programming, delving into how Bitcoin programming can support various BTCFI applications, showcasing the current real-world BTCFI implementation scenarios, and explaining the underlying logic of BTCFI’s future growth and adoption.
HTX Ventures has been contributing to BTCFI for a long time. As stated in its 2024 Half-Year Investment Report, BTCFI is highlighted as one of HTX Ventures’ six key investment directions in 2024. Some of HTX Ventures’ portfolio companies in the BTCFI sector include Babylon, BounceBit, COREx, and more.
The new report once again shows HTX Ventures’ interest in BTCFI. It begins with the foundations of the Bitcoin contracts, which were laid fourteen years ago by Satoshi. Understanding the basics of Bitcoin programming involves several concepts, including Transaction Outputs (TXO), Unspent Transaction Output (UTXO), scriptSig, and Opcodes. “Bitcoin script programming is about programming money and enabling a specific amount of money to respond to particular input data. By designing the scriptPubKey, opcodes, and the interaction process between users, we can offer cryptographic guarantees for the key state transitions of Bitcoin contracts, ensuring the contracts’ proper execution,” the report points out.
There are some mechanisms to be used to enable the implementation of different types of transactions, including MultiSig, Timelocks, Hashlocks, Flow Control, and SIGHASH. The report explains, “the basic model of Bitcoin programming is where UTXO locking scripts specify verification conditions, unlocking scripts provide data, and opcodes in locking scripts indicate the verification program. The funds can be spent once the verification program is passed.”
There are some core limitations, however, such as only a few verification programs being available, Bitcoin scripts having no computational power, and UTXO unlocking conditions being completely independent.
Unlike the computation-based Ethereum contracts, Bitcoin contracts are verification-based, which has brought many challenges in developing BTCFI products. Despite the difficulties, “over the ten years of developing Bitcoin contracts, the ingenious use of cryptographic algorithms and signatures has significantly enhanced privacy, efficiency, and decentralization, making BTCFI products possible,” the report states, and starts introducing Bitcoin programming milestones. Innovative tools, such as the Discreet Log Contract (DLC), Partially Signed Bitcoin Transactions (PSBT), and MuSig2 bring new solutions to the problems in Bitcoin programming, driving the development of BTCFI.
The Taproot upgrade activated in November 2021 was revolutionary for the Bitcoin ecosystem, allowing Bitcoin to hold in custody large-scale smart contracts with tens of thousands of signatories while concealing all participants and maintaining the size of a single-signature transaction. This makes more complex on-chain BTCFI operations possible and significantly improves privacy and transaction efficiency.
Such technological innovations pave the way for BTCFI’s further development. Then in January 2023, Ordinals were proposed, which aimed to assign each sat a unique identifier and attribute, so as to transform it into a unique NFT. The creation and trading of Bitcoin NFTs were realized, not only expanding the uses of Bitcoin but also allowing users to directly create and trade digital assets on the Bitcoin blockchain. This led to the introduction of BRC-20, a token system for on-chain recording and off-chain processing that uses JSON data’s ordinal inscriptions to deploy token contracts, mint tokens, and transfer them.
The naissance of Ordinals and BRC-20 created trading demand and blue-chip assets for BTCFI. More importantly, they offered many BTCFI projects new ideas based on indexer programming that enhanced Bitcoin’s contract capabilities.
Bitcoin’s programmability has come a long way and made great progress, forming a thriving BTCFI ecosystem with more and more application scenarios of BTCFI arising. The report lastly lists some notable BTCFI implementations, including BTC staking provider Babylon, asset issuance platforms Unisat and Magic Eden, lending protocol Liquidium, BTCFI scaling solution Fractal Bitcoin, and more.
The emergence of BTCFI applications indicates that its market potential is becoming evident. With Bitcoin becoming more and more mainstream, the market demand for BTCFI use cases will also increase, fostering a new financial ecosystem centered around Bitcoin. “The formation of this ecosystem will propel Bitcoin further beyond the ‘digital gold’ narrative, establishing it as an indispensable decentralized financial infrastructure in the global economic system,” the report concludes.
To read the full report, please visit: https://square.htx.com/htx-ventures-exploring-the-btcfi-rabbit-hole-from-the-perspective-of-bitcoins-programmability/
About HTX Ventures
HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With more than a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.
HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active FOF (Fund of Funds) funds, HTX Ventures invests in 30 top global funds and collaborates with leading blockchain funds such as Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca, and Hack VC to jointly build a blockchain ecosystem. Visit us here.
Feel free to contact us for investment and collaboration at [email protected]
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Blockchain Press Releases
HTX Announces Strategic Partnership with IBEX to Jointly Promote Global Bitcoin and Lightning Network Applications
SINGAPORE, Sept. 12, 2024 /PRNewswire/ — HTX, a global leading platform for digital assets, recently announced a strategic partnership with IBEX, a Fintech at the forefront of Bitcoin Lightning Network innovation that leverages the Bitcoin and Lightning Network protocols to offer global settlement solutions. Through the deep integration of Lightning Network technology, this collaboration aims to enhance the payments efficiency, reduce transaction costs on the HTX platform, explore emerging markets together and provide users with more diverse financial services.
IBEX Has Become a Key Advocate in Bitcoin Transactions
As a company dedicated to providing fintech solutions on the Bitcoin Lightning Network, IBEX focuses on reshaping the global payment ecosystem with its innovative crossborder instant settlement capabilities. Founded in 2018, IBEX aims to offer fast, secure, and low-cost settlement solutions through the technological advantages of the Bitcoin Lightning Network. Its platform provides modular API, helping enterprises easily integrate Bitcoin and Lightning Network functions to connect to the global financial network.
Its core advantages include:
- Instant settlement: IBEX’s Lightning settlement system allows global transactions to be completed within seconds, significantly reducing the confirmation time compared with tradfi and defi transactions. For this reason, it is particularly suitable for scenarios requiring instant payments, such as online shopping and international remittances.
- Low transaction fees: Through the Lightning Network, IBEX can substantially lower transaction costs, thus avoiding the high fees associated with traditional blockchain networks. This saves costs for both merchants and consumers.
- High security: IBEX employs advanced encryption technology and multi-factor authentication measures in its system to ensure transaction security and protect user data.
IBEX pays utmost attention to security, reliability, and compliance, offering one-stop solutions for companies operating under various legal frameworks. As the Lightning Network continues to evolve, IBEX has become a key partner for crossborder settlement solutions.
Lightning Network Integration: A New Upgrade for the HTX Platform
As part of the partnership, HTX will integrate IBEX’s Lightning Network technology into its platform, which has entered the testing phase. The Lightning Network is a second-layer protocol designed for Bitcoin, aiming to increase the speed and scalability of Bitcoin transactions. Through this integration, users on the HTX platform will enjoy faster transaction confirmations and lower fees, so user experience and platform competitiveness will be remarkably enhanced.
Apart from technical collaboration, HTX and IBEX will jointly explore various application scenarios, including payments, transfers, and settlements. They also plan to offer deposit/withdrawal services for IBEX on the HTX platform. Both parties will gradually expand into other business areas, thus deepening and broadening their collaboration.
Both parties will also work closely in brand building, social media, campaigns, and marketing. In the future, HTX and IBEX will co-host various marketing campaigns, such as AMA events, press conferences, and other promotional activities to increase brand awareness and attract more users. The two parties will support each other in their respective advantageous markets, thus expanding their market influence globally.
Forge Powerful Alliance to Jointly Explore Emerging Markets
HTX and IBEX will jointly expand global markets, especially the Asian Latin American, and African markets which promise great potential. HTX will leverage its market penetration in these regions and combine it with IBEX’s Lightning settlement system so as to popularize cryptocurrency payments among local merchants and consumers. This will benefit both merchants and consumers with more convenient payment solutions and lower transaction costs.
Strategically, this collaboration between HTX and IBEX will focus on the application of the Lightning Network within HTX and its ecosystem. IBEX will support HTX in exploring the potential of the Latin American and African markets, particularly in areas like deposit/withdrawal channels, local exchange partners, and Opinion Leaders. In addition, HTX will assist IBEX in brand and business expansion in the Asian market, further increasing its global influence.
An HTX spokesperson stated, “Through this strategic partnership, HTX and IBEX will jointly promote the application and popularization of Bitcoin and Lightning Network technology worldwide, providing users with more efficient, secure, and convenient digital asset trading services.”
Ry Sterling, Head of New Markets, EMEA for IBEX also said “The partnership between HTX and IBEX is the first step to connecting the Global South and Asia via the Lightning Network. We look forward to expanding HTX’s LN features as well as opening channels to new markets and to local IBEX LN partners across Asia, Latin America and Africa.”
About IBEX
IBEX offers fintech solutions on the Bitcoin Lightning Network, focusing on real-time global settlement, scalability and regulatory compliance. Their platform provides modular APIs for integrating Bitcoin and Lightning functionalities, allowing businesses to connect to a global financial network. They emphasize security, reliability, and regulatory features, making their services suitable for companies operating under various legal frameworks. The site also highlights the growing adoption and capacity of the Lightning Network, reflecting its increasing role in Bitcoin transactions.
For more details, visit IBEX
About HTX
Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3.
Contact Details
Ruder Finn Asia
[email protected]
Company Website
https://www.htx.com
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