Digital Currency Revolution Series: US Customs Enforcement Includes ‘Venezuelan Petro Mastermind’ For Most-Wanted List For $5Mln
Digital Currency Revolution Series: Argentina Soccer Federation Unveils Native-Crypto To Assist Esports Venture
Cryptocurrency Derivatives Series: Block-Halving & Open Interest Factors Drive Bitcoin Price To $10k Trajectory, Long Hedges Intact
Cryptocurrency Derivatives Series: Bitcoin Reclaims $10k, Uphold Long Hedges As CME Data And Engulfing Pattern Indicate Uptrend Continuation
Crypto-Technicals: Bitcoin Bulls Shrug-Off Double Top As May’20 Extends 3-Months’ Rallies – Uphold Long Hedges
Crypto-Technical Series: Bitcoin Staged For 8th Consecutive Weeks’ Rallies, Long Hedges As BTC Reclaims $10k With Resounding Engulfing
Digital Currency Revolution Series: Bank of France Successfully Pilots Blockchain-Driven Digital Euro
Cryptocurrency Derivatives Series: Bitcoin Disrupts Double Top Formation & Rebounded To 9.5k – Uphold Long Hedges
Crypto-Technicals: BTC/USD Forms Double Top Pattern, 100-DMA Acts As Neckline Support Ahead of CME F&O Expiry Season
Blockchain Revolution Series: Tencent Holdings To Invest Huge For Tech-Infra Including Blockchain, AI & Cyber Security
Bitcoin Exchange Zaif Launches Zaif Coin Reserve
Japanese Bitcoin exchange Zaif has announced the launch of “Zaif coin reserve” that will allow automatic purchases of cryptocurrency.
The service will automatically deduct the amount set aside by users from their linked bank account each month. Once debited from the bank account, funds are automatically converted into cryptocurrency at the current exchange rate. Users can change the reserve amount freely at any time.
Zaif believes that this service will help in reducing the investors’ emotional distress associated with the volatility of Bitcoin.
The strategy, however, is not new and is quite well-known among traditional investors – “dollar-cost averaging" (the DCA) – the only difference in Zaif’s approach from the traditional strategy is that investments are made in Bitcoin.
Forklog noted that under this strategy, users are not required to predict the price cryptocurrency as the purchase takes place in a strictly specified time on the average rate, enabling users to reach the maximum efficiency of investments in the long term.
Currently, Zaif has set the minimum limit for reserve amount at 1,000 yen and can be set up to 1 million yen.
Tech Bureau, the operator of Zaif cryptocurrency exchange, recently announced that it has raised $6.2 million through a third party allocation as part of the Series A round.