Ease – Coin Network News https://coinnetworknews.com If it's coin, it's news. Fri, 01 Mar 2024 00:23:45 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 Report: Election Concerns Halt South Korea’s Crypto and ETF Regulation Ease https://coinnetworknews.com/report-election-concerns-halt-south-koreas-crypto-and-etf-regulation-ease/ https://coinnetworknews.com/report-election-concerns-halt-south-koreas-crypto-and-etf-regulation-ease/#respond Fri, 01 Mar 2024 00:23:45 +0000 https://coinnetworknews.com/report-election-concerns-halt-south-koreas-crypto-and-etf-regulation-ease/ Report: Election Strategy Halts South Korea's Crypto and ETF Regulation EaseSouth Korea has delayed its efforts to relax its crypto regulations and the prohibition on spot bitcoin exchange-traded funds (ETFs). This development follows closely behind the People Power Party’s contemplation of removing certain regulations and the ETF ban before the commencement of South Korea’s general election. South Korea Holds Back on Crypto Regulation and Reported […]

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SBINFT’s Jangdeok Ko Links the Surge in NFT Piracy to the Ease of Token Minting https://coinnetworknews.com/sbinfts-jangdeok-ko-links-the-surge-in-nft-piracy-to-the-ease-of-token-minting/ https://coinnetworknews.com/sbinfts-jangdeok-ko-links-the-surge-in-nft-piracy-to-the-ease-of-token-minting/#respond Sun, 25 Feb 2024 08:56:38 +0000 https://coinnetworknews.com/sbinfts-jangdeok-ko-links-the-surge-in-nft-piracy-to-the-ease-of-token-minting/ SBINFT’s Jangdeok Ko Links the Surge in NFT Piracy to the Ease of Token MintingSince Japan designated Web3 as a “national strategy,” an increasing number of traditional companies in the country have either merged or are contemplating integrating their businesses with Web3, Jangdeok Ko, the CEO of the non-fungible token (NFT) marketplace SBINFT, has said. Ko conceded however that many of these companies are still in the “trial-and-error stage,” […]

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Nigeria-China Currency Swap Agreement Fails to Ease Pressure on the Naira – Africa Bitcoin News https://coinnetworknews.com/nigeria-china-currency-swap-agreement-fails-to-ease-pressure-on-the-naira-africa-bitcoin-news/ https://coinnetworknews.com/nigeria-china-currency-swap-agreement-fails-to-ease-pressure-on-the-naira-africa-bitcoin-news/#respond Sun, 16 Apr 2023 09:50:30 +0000 https://coinnetworknews.com/nigeria-china-currency-swap-agreement-fails-to-ease-pressure-on-the-naira-africa-bitcoin-news/

Nigerian economic experts have said the country’s five-year-old currency swap agreement with China has not eased the pressure against the Nigerian currency. According to one expert, implementation of the swap arrangement is being held back by the size of the trade imbalance between Nigeria and China

Easing Pressure on the Naira

According to experts on the Nigerian economy, the country’s five-year-old currency swap agreement with China has failed to ease the pressure on the naira. Signed between the Central Bank of Nigeria (CBN) and the People’s Bank of China (PBOC), the agreement was also intended to reduce pressure on Nigeria’s external reserves and to ensure foreign exchange stability.

However, since the signing of the swap arrangement in 2018, the Nigerian currency has depreciated versus the dollar from N305:$1 in 2018 to over N460:$1 in the first week of April 2023. Against the yuan, the Nigerian currency slid from the 2018 exchange rate of N48:CNY1 to N66.70:CNY1 on April 6, 2023. On the foreign exchange parallel market, a key source of the greenback for many Nigerian businesses and individuals, the naira/dollar exchange rate reportedly stood at over N730:$1.

Reports of the currency swap arrangement’s failures came at a time when several countries have or are seeking to establish similar arrangements with China.

Explaining why the currency swap arrangement with China is seemingly failing to halt the naira’s decline, Taiwo Oyedele, the head of tax and corporate advisory services at PWC Nigeria, pointed to the trade imbalance between the two nations.

“The implementation has so far been a challenge due essentially to the trade imbalance between Nigeria and China. While we import so much from China, we do not export nearly as much, which in fact has been on the decline in addition to the relative instability in the value of the naira,” Oyedele reportedly said.

According to Oyedele, Nigeria can still remedy this situation by substituting or promoting locally produced alternatives to imports.

What are your thoughts on this story? Let us know what you think in the comments section below.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.














Image Credits: Shutterstock, Pixabay, Wiki Commons



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CoinEx Launches Auto-Invest Plan to Help Prudent Investors and Beginners Invest in Crypto With Ease – Press release Bitcoin News https://coinnetworknews.com/coinex-launches-auto-invest-plan-to-help-prudent-investors-and-beginners-invest-in-crypto-with-ease-press-release-bitcoin-news/ https://coinnetworknews.com/coinex-launches-auto-invest-plan-to-help-prudent-investors-and-beginners-invest-in-crypto-with-ease-press-release-bitcoin-news/#respond Wed, 01 Mar 2023 08:19:26 +0000 https://coinnetworknews.com/coinex-launches-auto-invest-plan-to-help-prudent-investors-and-beginners-invest-in-crypto-with-ease-press-release-bitcoin-news/

PRESS RELEASE. Crypto investors have access to a wide range of investment methods, including short-term and long-term trading, wealth management, and auto-invest, among others. As investors differ from each other in terms of risk appetite and expected return, it’s crucial to identify an investment strategy that suits one’s unique circumstances. For crypto beginners or prudent investors, “lazy” investment strategies such as auto-invest are always a good choice.

So, what is auto-invest?

Auto-invest is a process of automatically investing a fixed amount of money with regular cycles. This investment strategy consists of two key components: fixed cycles and fixed amounts. The former means that investments are made at fixed intervals, while the latter represents the sum of money used to purchase the investment target every time is predefined. Many auto-invest methods are available, and the simplest one involves users investing a fixed amount of money at fixed intervals. When employing this approach, investors should define three parameters: the investment price, the investment time, and the amount for each investment. To be more specific, the investment price helps investors control the risks of a crypto project, and investors set different investment prices based on their own risk appetites and expectations.

Overall, auto-invest is a defensive investment strategy that particularly suits prudent investors and crypto beginners. Since crypto exchanges differ in terms of crypto prices and the calculation of returns, auto-invest might be a better choice for beginner investors looking to invest in a crypto project over the long term.

For prudent investors, buying cryptos at regular intervals diversifies the cost, as auto-invest features multiple entry/exit points. From the perspective of long-term investment, auto-invest lowers investment costs, spreads risks, and saves investors analyzing entry points or purchase prices. Furthermore, with auto-invest, investors no longer have to adjust their long-term investment plans due to short-term market swings.

In February 2023, CoinEx, a world-renowned crypto exchange, introduced a new feature called Auto-Invest Plan, helping its users invest in crypto with greater ease.

Aiming to make crypto investment easier, CoinEx Auto-Invest Plan is a crypto trading strategy that helps users automatically accumulate cryptos via pre-set investment and recurring cycles. The most prominent feature of the new function is that users can easily choose the right trading strategy and earn profits by making regular crypto investments with predefined amounts and cycles, without having to worry about the specific timing.

Furthermore, CoinEx Auto-Invest Plan comes with two highlights:

First, with easy-to-use procedures, CoinEx Auto-Invest Plan is designed to help users buy crypto via automatic investment plans using idle funds. With the new feature, CoinEx users only have to enter the amount and cycle, without having to worry about the specific timing. As such, CoinEx Auto-Invest Plan enables investors to diversify costs and spread risks and to accumulate assets regularly.

Second, CoinEx Auto-Invest Plan features easy operations. On CoinEx, users just have to create a plan and set the relevant parameters, and investments will be made automatically according to the predefined amounts and cycles, which minimizes manual operations.

So, how can we create an Auto-Invest Plan on CoinEx?

1.Visit CoinEx’s official website (https://www.coinex.com), log in to your account, and select [Strategic Trading] under [Finance] in the top navigation bar;

  1. Find [Auto-Invest Plan] on the [Strategy Trading] webpage, and click on [Create Strategy];

3.Select the market, and set the [Recurring Cycle], [Repeats on local time], [Investment per Cycle], and other parameters to create a strategy. An Auto-Invest Plan will be created upon clicking [Create]-[Confirm].

On CoinEx, investors can create an Auto-Invest Plan in three simple steps. According to the exchange’s official website, CoinEx allows users to create multiple trading strategies, including the Auto-Invest Plan and spot grid, and each CoinEx user can create up to 20 effective (including suspended) strategies.

CoinEx Auto-Invest now features 10 markets, i.e. BTC/USDT, ETH/USDT, SOL/USDT, ATOM/USDT, MATIC/USDT, FTM/USDT, XRP/USDT, ADA/USDT, DOGE/USDT, and SHIB/USDT, with more new markets to be added. Moreover, according to its official announcement, the exchange is preparing for the launch of Spot Grid, an exciting function for crypto investors.

Disclaimer: The article offers no financial advice; investors should rely on their own insights when investing in crypto.

 

 

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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