Bitcoin has fallen since peaking at $25,211 on August 12 and is struggling to hold the $20,000 mark at the time of writing. Ethereum has also fallen to $1500 after recently breaking through the $2000 mark.
The U.S. Treasury Department has sanctioned cryptocurrency mixer Tornado Cash. Its founder Alexey Pertsev was arrested in the Netherlands, which has raised many questions and concerns in the crypto industry, as Tornado Cash was open-source software.
Could this be the beginning of arrests of open source developers because their code could be used for illegal purposes? We hope not!
Index vaults have seen a drop in ROI this week, which is to be expected as all tokens follow Bitcoin and the market, but overall they are still delivering positive growth.
We are pleased to have a new index vault that is managed by DC Academy. DC Academy helps its members learn how to navigate and profit from the crypto markets by offering various trading courses and educational videos.
The DC Value Index consists of five assets: BTC, ETH, LINK, ADA, and BNB, which makes it a package comparable to an ETF.
We hope you will support DC Academy, and we look forward to working with them on several vaults. You can learn more about DC Academy here.
Eralp Buyukaslan, one of our verified traders, has started his own index vault that tracks a total of 10 assets, which are listed below.
Eralp was a senior financial executive at an engineering firm for five years before becoming a full-time trader. He lives in Turkey and specializes in fundamental and technical analysis. He is also a director at Cryptosocy, an educational company specializing in cryptocurrency trading. Learn more about Eralp here.
We recently added a new auto-rebalancing vault, called ‘ORBS/BUSD - AR Vault’. This vault contains a 50/50 split between BUSD/ORBS and is rebalanced once per week. The vault is now open to all users who want to make a deposit. The Orbs Network is an open, decentralized and public blockchain infrastructure run by permissionless validators using Proof-of-Stake (PoS) consensus.
If you're an Orbs fan, you can take a look at the AR vault here.
Trader vaults: DC Swing Vault New AR Vaults: ORBS/BUSD New Index vaults: BNB/BUSD, DC Academy index, and Eralpbuyukaslan Index
Currently we have 14 trader vaults open, six of which are verified by a blue check mark. This mark indicates that the trader has passed the FNDZ verification process and a proven trading record.
We welcome all new traders and hope you enjoy using the FNDZ platform.
Have you always wanted to prove you’re a good trader? Now is your chance to WIN BIG and earn praise from the FNDZ community. We are hosting a trader competition for all who want to prove their skills and win a share of $10,000 in FNDZ tokens!
We’re hosting a big referral race to give back to our supporters!
That’s right, you can win your share of $5,000 in FNDZ tokens when you refer your friends to a FNDZ vault of your choice. The more you refer, the higher your score.
To see how much you can win, check out the announcement.
We’re continuing to approach crypto companies with the option to start their own AR vault for their community or traders who want to share their success with their followers. Feel free to reach out to the team if you know of any traders or companies that could benefit from launching a FNDZ vault.
And don't forget to spread the word and tell your friends about FNDZ – The Home of Copy Trading!