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Where to buy Mercor Finance: MRCR spikes after a strong consolidation

The Mercor Finance token is currently trading at $0.04 after bulls managed to regain control and the coin could rally further if the current price trend continues for the next month. The token has delivered returns of 14% in the past 24 hours and the price seems to be on a strong uptrend. How &…

The Mercor Finance token is currently trading at $0.04 after bulls managed to regain control and the coin could rally further if the current price trend continues for the next month. The token has delivered returns of 14% in the past 24 hours and the price seems to be on a strong uptrend.

How & where to buy Mercor Finance in the UK and elsewhere

If you are looking to invest in cryptocurrencies, then  you will need to create a trading account on a broker/exchange site. The registration process is easy and all you need to do is submit your full name, address and email ID. As per the Know Your Customer (KYC) rules, you will also need to verify the account by submitting proof of identity and address. This can be achieved by providing a driving license and a utility bill. Once the verification step is completed, fund your account and start trading. 

Avoid using decentralised exchanges (DEXs) as they are unregulated. For your convenience, we have handpicked two of the best sites where you can open an account quickly and start trading. 

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.


Buy MRCR with eToro today

Coin Kong Trader

Coin Kong facilitates rapid buying and selling of cryptocurrencies. Robust security, transparent fee charges and excellent customer support make this a great option for newcomers.


Buy MRCR with Coin Kong Trader today

What is Mercor Finance and why is it rallying?

The Mercor Finance network aims to provide the benefit of algorithmic trading to retail investors. Currently, the use of AI-driven trading is limited largely to institutional investors as the cost of these softwares is highly expensive and beyond the reach of a common retail investor. Mercor Finance plans to change this by allowing users easy access to algorithmic tools. It will also accept payments in the form of MRCR tokens. 

The platform is going to launch the beta phase soon and this might explain the sudden surge in the price of the MRCR token. 

Should I buy MRCR today?

The MRCR token has a strong use case and Mercor Finance could prove to be a game-changer if it can provide competitive fees and ensure the development of better algorithm tools. The team plans to launch an online academy to provide educational resources to all its users. Reportedly, a social trading platform is also in the works. 

The MRCR token could reward its early adopters with handsome gains in the future. 

This article is informational only—none of the contents should be construed as financial or investment advice.

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Bitcoin

Former Coinbase Business Developer: ‘There Wasn’t a Long-Term Case for Bitcoin Payments’

Nick Tomaino, a former business developer and marketing lead at Coinbase, explained how the idea of bitcoin for payments gradually lost its relevance in the market. Tomaino detailed that Coinbase rode this premise back in 2014 to raise $125 million in two funding rounds, but it was quickly clear that there was not a case [……
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Japanese Corporation Metaplanet Acquires More Bitcoin, Stock Price Soars

Metaplanet, a publicly traded corporation on the Tokyo Stock Exchange, has announced an investment of 23.351 bitcoins, with an average purchase price of 10,706,180 yen per BTC, totaling 250 million yen ($1.6 million). The company now holds 141.0727 bitcoins, with an average purchase price of 10,278,391 yen per BTC…
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Bitcoin

BTC slips amid poor debut for Hong Kong spot ETFs

Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading. Data showed trading volumes hit just over $11 million, against expectations of over $3oo million. Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading…


  • Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading.
  • Data showed trading volumes hit just over $11 million, against expectations of over $3oo million.

Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading for much hyped spot Bitcoin and Ethereum ETFs in Hong Kong.

BTC was down about 1.4% at the time of writing, having touched lows of $61,587 across major crypto exchanges.

The benchmark cryptocurrency, which has struggled to reclaim key levels since its recent halving event, was seeing a 24-hour trading volume of $28.4 billion.

Bitcoin price and Hong Kong spot ETFs debut

Earlier, Bitcoin price surged to above $64,000 as the six spot Bitcoin and spot Ethereum ETFs went live in Hong Kong.

The flagship cryptocurrency rose to over $64,727 on US-based crypto exchange Coinbase. BTC also soared after reports Hong Kong approved the listing of the ETFs.

NEW: 🇭🇰 Opening ceremony of Hong Kong spot #Bitcoin ETFs 👏 pic.twitter.com/ux1eb5PqRn

— Bitcoin Magazine (@BitcoinMagazine) April 30, 2024

However, as data streamed in showing disappointing trading volumes and inflows, Bitcoin price took a hit. According to details of the six ETFs’s debut day, total trading volume reached just $11 million, not impressive given projections were much higher at over $300 million.

Bitcoin ETFs saw about $8.5 million while Ethereum ETFs recorded just $2.5 million on the first day. Ethereum price fell to $3,040.

Notably, the figures from Hong Kong are way lower compared to those recorded amid the enthusiasm that greeted the launch of spot Bitcoin ETFs in the US in January. On their debut, the US spot BTC ETFs raked in over $4.6 billion in trading volume.

The start to trading for the ETFs has not helped BTC price and BTC could face a slide under the $60k level if sentiment flips negative. On the upside, resistance at $65k remains critical and a breakout could see the bellwether digital asset soar towards its recent peak.


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