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As we emerge from last years extended bear market, crypto owners are starting to consider fresh investment approaches. In the current climate, the most popular strategy by far is arbitrage, due to its effortlessness, its exceptionally low risk and potentially huge returns.

Crypto arbitrage is an investment strategy that profits from brief windows in which a digital currency is available across exchanges at different prices simultaneously.

Temporary price differences can have a variety of causes, such as disparities in trading volume and liquidity between bigger exchanges and smaller ones.

In essence, arbitrage involves buying a product for the cheapest available price in one marketplace and then selling it for a higher price elsewhere. This can be done manually, but in the case of crypto arbitrage your best bet is a bot.

An algorithm integrated with multiple exchanges, will simultaneously track hundreds of cryptocurrencies, 24/7, looking for price differences. When it finds a disparity, it will buy the coin on the exchanges where the price is lowest and then, within a split-second, sell it on the exchange where the price is highest to make a profit.

These bots are able to work top speed executing a huge volume of arbitrage trades at once, on your behalf, to optimize your revenue potential.

When compared with other types of trading strategies crypto arbitrage is considered exceptionally low risk, primarily because you are not opening positions on exchanges, as you would if, for example, you were swing trading. Whichever direction prices are moving, you can still make money from price disparities.

Also, in contrast to simply HODLing, with arbitrage, in a downturn, you neednt wait for the market to recover but can earn a profit from day one, potentially reaching well over 100% a year.

The upside of arbitrage

High profits and airtight security are by far the most important factors when picking a service provider and in both these areas, one crypto arbitrage platform stands out from the crowd. ArbiSmart, launched in 2019, is a leading financial services hub, operating with full EU authorization that has a stellar reputation as a trusted, transparent custodian of crypto capital.

ArbiSmart supports 30 different FIAT and cryptocurrencies, from Euro and USD to Bitcoin and Dogecoin, and has a vast selection of arbitrage investment plans, where funds are locked and used to trade crypto arbitrage on your behalf. The plan contracts can be for brief periods of just one month or 3 months, or for longer periods of 18 months, 2, 3, or 5 years, with a higher profit percentage, the longer the time frame for the plan.

ArbiSmart generates the highest profits of any legitimate competitor in the arbitrage space, of up to 147% a year, regardless of market conditions. The precise amount you earn will depend on your account level, which is based on how much RBIS, the native token you hold. So, more RBIS means a higher arbitrage profit on investment plan balances USD, XRP, ETH or any other supported currency. You can choose to open a balance in RBIS for an even higher APY.

For those who want low risk, low effort investing for a sky-high, reliable return in 2023, arbitrage might be the ultimate investing strategy.

Want to start earning, beginning today? Open an arbitrage investment plan now!

Notice:this article was not written by the BeInCrypto team and should not be considered investment advice.

Any third-party hyperlinks and banners dont constitute an endorsement, guarantee, endorsement, warranty, or recommendation by BeInCrypto. Cryptocurrencies are highly volatile. Do Your Own Research before using any third-party services or considering any financial action.

Originally posted here:

How Arbitrage Trading Can Double Your Bitcoin And Ether? - BeInCrypto

Bitcoins (BTC) hash rate spiked to all-time highs of 398 terahashes per second (TH/s) on March 23, with analysts speculating miners are starting to turn their rigs back on as BTCs price rises.

According to data aggregator YCharts, the Bitcoin network hash rate dropped to 344.63 TH/s as of March 27, an increase from 335.32 TH/s on March 26, but still up from 178.77 TH/s one year ago.

In a March 26 post, Sam Wouters, a research analyst at Bitcoinfinancial service provider River Financial, speculated that the spike in hash rate is connected to unused mining inventory coming online, new facilities going live and entrepreneurs finding cheap sources of mining.

While Bitcoins price was so low and as much inventory as possible was brought online last year, at some point, maximum capacity of what the network could handle was reached, he said.

Now that the price has been rising again and some time has passed, more of this inventory has been able to go online, Wouters added.

In addition, Wouters says that Hydro models are starting to get into the market with 250+ TH/s per machine, which adds tremendous hash rate.

A March 20 analysis from investment banking company Stifel shared a similar sentiment, speculating that the recent spike could be connected to miners bringing hardware back online.

Speaking to Cointelegraph, Nazar Khan from Bitcoin mining company TeraWulf, explained the company is currently maximizing the hash rate of all its rigs and has recently brought more online at its new Nautilus Cryptomine facility.

Wulf has the opportunity to add 80 MW of capacity at LMD and 50 MW at Nautilus. The recent price movement is an indication of the long-term value of the ability to expand at low-cost energy sites, Khan said.

According to Khan, while some have speculated the lower prices forced miners to shut down their rigs and wait for the BTC price to improve, TeraWulf was able to continue mining Bitcoin at lower price levels because of their lost cost from efficient mining fleets."

Related: Crypto miner explains how Bitcoin mining stabilizes grids

However, regardless of the reason for the spike, Khan says TeraWulf is not expecting the network hash rate to continue to increase through the first half of the year, irrespective of the BTC price.

There is a lag between when investment decisions are made, and when that capacity comes online, Khan explained.

Magazine: Best and worst countries for crypto taxes plus crypto tax tips

See original here:

Bitcoin hash rate spikes as analysts say miners coming back online - Cointelegraph

Bitcoin (BTC) has maintained its position as the top digital asset since the inception of cryptocurrencies, achieving massive success in price growth and adoption despite phases of volatility. This success has led to other assets seeking to emulate the maiden crypto, with investors also on the lookout for the next big thing in the market.

In this regard, there are several cryptocurrencies that stand out as having strong potential for growth in the future. Therefore, here are five cryptocurrencies that could be poised for massive growth in 2023:

XRP has been gaining traction in recent weeks, and 2023 is considered one of the most monumental periods for the token on the grounds of adoption and regulatory development. The digital currency has seen a rise in adoption, with major financial institutions and banks starting to use the Ripple network for cross-border payments.

Meanwhile, the ongoing legal battle between Ripple and the Securities Exchange Commission (SEC) has been touted to define the future of XRP. If the case is ruled in favor of Ripple, the move is expected to be bullish for the token.

By press time, XRP was trading at $0.48, continuing its weeklong gains. On the daily chart, XRP is up over 3%, while the token is up almost 25% in the last seven days.

Cardano (ADA) is positioning itself as an ecosystem for the future, aiming to establish itself in the decentralized finance (DeFi) world and take on entities such as Ethereum (ETH). In this line, the asset has witnessed increased on-chain development that is projected to impact the price of ADA positively.

The significance of the development is highlighted by the number of GitHub activities involving Cardano. For instance, as of March 2, Cardano ranked as the second cryptocurrency with the highest development activity on GitHub. At the same time, launching the Djed stablecoin on the network is considered a bullish element for Cardano. ADA is changing hands at $0.35 with daily losses of about 2%.

GRT is among the cryptocurrencies benefiting from the hype around artificial intelligence following the initial success of the chat-based tool ChatGPT. The interest has seen cryptocurrencies centered around the technology benefiting immensely with projections of continued gains as AI technology becomes engraved in daily life.

Besides building on the AI hype, GRT, which ranks among the top 100 cryptocurrencies by market cap, also offers a new approach to organizing and accessing blockchain data and can be leveraged for staking, payments, and earning fees for depositing it into a bonding curve and delegating to indexers.

The Graph network is also aiming to benefit from strategic partnerships such as the one established with Polygon (MATIC). Under the collaboration, The Graph integrated with Polygons ecosystem and selected it as the foundation for a new billing system.

The Graph is trading at $0.14 with weekly losses of about 10%.

Decentraland (MANA) is among the metaverse cryptocurrencies that gained momentum at the start of 2023, with investors showing a keen interest in these assets. Indeed, metaverse cryptos are unique in that they are coupled with decentralized blockchain virtual realities, where users can shape the environment and control how things are done. This feature is highly attractive to investors, as it allows them to participate in a virtual world that is user-driven, with decentralized governance and control.

As the metaverse scene evolves, MANA, as a pioneer digital asset in the space, is positioned to gain having unique attributes such as an existing virtual community. This capability gives Decentraland an advantage over other digital companies seeking to benefit from the virtual world.

Currently, MANA is trading at $0.58, having lost its value by over 2% in the last 24 hours. On the weekly chart, MANA is down 7%, with a market capitalization of $1.07 billion.

The meme cryptocurrency has gained investor interest despite the initial criticism of lacking utility. SHIBs potential lies in the fact that the community has rolled out initiatives aiming to make the token compete with established assets. One approach the Shiba Inu developers undertake is accelerating token burning and upgrading the network with a layer-2 scaling solution dubbed Shibarium, touted as a game-changer.

Shibariums innovative layer-2 solution has the potential to transform transaction processing by making it faster and more cost-effective. Once released, Shibarium is viewed to be a significant achievement for the Shiba Inu community and the broader cryptocurrency industry.

By press time, SHIB was trading at $0.00001072 with daily gains of over 1%.

Overall, the ability of the highlighted cryptocurrencies depends on other external factors, such as the general market movement and elements like regulations.

Disclaimer:The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Here is the original post:

The next Bitcoin? 5 cryptocurrencies poised for massive growth in 2023 - Finbold - Finance in Bold

Bitcoin (BTC) users will soon be able to use zero-knowledge proofs (ZK-proofs) to expedite the process of verifying individual blocks and, eventually, the entire blockchain.

ZeroSync Association, a Swiss-based nonprofit, is developing tooling which allows users to validate the state of the Bitcoin network without having to download the blockchain or trust a third party for verification.

ZeroSync was formed to develop and maintain open-source software that enables succinct ZK-proofs on the Bitcoin blockchain. The group uses StarkWares proprietary Zero-Knowledge Scalable Transparent Argument of Knowledge (zk-STARK) validity proofs to generate ZK-proofs for the Bitcoin network.

The tool promises to overhaul the process of verifying the Bitcoin blockchain, which still requires node operators to download a large amount of data to synchronize the correct state of the Bitcoin network.

ZeroSync is using ZK-proofs to eventually generate valid proof and verify the latest state of the blockchain almost instantaneously.

ZK-proofs have been a revelation for the Ethereum ecosystem, with various proof methods powering several layer-2 scaling platforms, including Polygon, Arbitrum, Optimism and StarkNet.

Related: Polygons holy grail Ethereum-scaling zkEVM beta hits mainnet

An announcement from the ZeroSync Association highlights the promise of ZK-proofs for blockchain scalability and privacy by providing almost-fixed-size proofs verifying large computations.

The projects work pioneers the application of ZK-proofs for the Bitcoin network, with the organization describes Bitcoins relative simplicity and the Unspent Transaction Output (UTXO) model as a unique value proposition for applying recursive proofs.

ZeroSync notes that the ZK-Proof tools do not require consensus changes or additional trust assumptions for the Bitcoin network and its users. The organization is building a software development kit that will allow developers to generate custom validity proof for specific use cases without needing indepth domain expertise.

ZeroSync is in the process of building a client for fast initial block download as well as implementing the first complete proof of Bitcoin consensus. The client will allow users to sync a full node without making code changes to Bitcoin core.

ZeroSync is using the Cairo programming language, pioneered by StarkWare, to create STARK-provable programs for computations.

ZeroSyncs tool is currently in a prototype state but has the ability to prove the validity of individual assumed valid blocks, which verify all Bitcoin rules except for scripts. The team also has a working in-browser demo verifier for STARK proofs of Bitcoin blocks.

The ZeroSync Association was initially funded by Geometry and StarkWare but is establishing a nonprofit entity to enable ongoing development and maintenance from stakeholders within the Bitcoin community.

A statement from StarkWare president and co-founder Eli Ben-Sasson, who co-invented zk-STARKS, summed up the magnitude of ZK-proofs coming to the Bitcoin ecosystem:

Lightning Labs, the team behind the Bitcoin layer-2 Lightning Network payment system,is a contributing partner to ZeroSyncs project.

The firm intends to use ZeroSync to power compressed transaction history proofs for its Taproot Asset Representation Overlay (Taro) protocol, which aims to power the issuance of digital assets on the Bitcoin blockchain.

Read the original:

Zero-knowledge proofs coming to Bitcoin, overhauling network state validation - Cointelegraph

BitcoinBTC and ethereumthe two largest cryptocurrencies have rocketed so far this year as hyperinflation fears sweep Silicon Valley.

Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster

The bitcoin price is up around 70% since the beginning of January, triggering a surge of bullish bitcoin price predictions. The ethereum price has added a similar amount, adding around $200 billion to the combined crypto market.

Now, after BlackRock's chief executive revealed the world's largest asset manager is "exploring the digital assets ecosystem," a new report has found almost $300 trillion in private assets could be tokenized on blockchains.

It's at the beginning of a bull run you need up-to-date information the most! Sign up now for the free CryptoCodexA daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the market

"Tokenisation could open worlds not imagined yet to private assets in a similar way to how the internet and e-commerce transformed many industries over the last two decades," the report by crypto infrastructure provider Taurus read.

Real-world assets such as equity shares, investment funds and private markets that include private equity, venture capital, real estate, and art could all be "tokenized" on a blockchain, according to the report, with "mostly paper-based" private markets potentially having more to gain from tokenization than their already electronic public counterparts.

Tokenizing securities could ease trading, enable instant settlement, create liquidity and price discovery, and lower costs, Taurus researchers found.

"Tokenization opens the door to a broad universe of new possibilities, which the financial industry is only starting to comprehend and embrace," Jacques Iffland, partner at Lenz & Staehelin and chair of the Capital Markets and Technology Association (CMTA), wrote in the report's foreword, adding blockchain technology represents a "quantum leap" for trading.

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"Private funds are very restricted in terms of liquidity options, and by natively issuing shares on chain, they can then open up marketplaces to give investors the opportunity to exit," Morgan McKenney, the chief executive of Provenance Blockchain Foundation, told DL News.

I am a journalist with significant experience covering technology, finance, economics, and business around the world. As the founding editor of Verdict.co.uk I reported on how technology is changing business, political trends, and the latest culture and lifestyle. I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself. I have worked and written for CityAM, the Financial Times, and the New Statesman, amongst others. Follow me on Twitter @billybambrough or email me on billyATbillybambrough.com.Disclosure: I occasionally hold some small amount of bitcoin and other cryptocurrencies.

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Looming $300 Trillion Crypto Quantum Leap Revealed Amid Huge Bitcoin And Ethereum Price Pump - Forbes