The 12% above are loving it; the 23% wish they bought more gold and silver, and the 65% keep hodling while beating their way through the onslaught of hungry bears.

After a solid bull run markets correct in one of two ways,

1: they correct by price, meaning we see a dump in the price
or
2: they correct by time, meaning the market just moves sideways in a boring tight pendulum for a while.

Now that we have had the dump I'm hoping to see a time based correction just bouncing between 51K and 46K for a couple of weeks. Time based corrections are fun to trade because they are fairly predictable shock wave type patterns.

VAULTORO UPDATES THIS WEEK
🍀 [BUG FIX] History is now sortable by time (SAFARI)
🍀 [Security] Rate Limit API Key Generation
🍀 [BUG FIX] Ethereum Gold Pair Euro Value now displaying in the order book
🍀[BUG FIX] Fixed that orders with 0 quantity are filled with 0 value trades
🍀 [BUG FIX] Cancelled orders now do not create 0 value trades
🍀[VISUAL] Login screen directly appears now. no flashing of nil portfolio if not logged in
🍀[BACKEND] Add /v1/private/orders/{referenceId} endpoint for coinigy
🍀 [BUG FIX] Ethereum order book was not refreshing
🍀 [BUG FIX] Daily Balances did not show Ethereum
🍀[FEATURE RELEASE] Notification boxes can now show detailed posts
🍀 [BACKEND FEATURE RELEASE] Internal Ledger (!) epic for accounting, statements and everything coming up.

We also restructured the entire blog and v-academy to be under the menu LEARN.
There are a heap of interesting articles that you can filter from beginner to advanced. About everything from DEFI, proof of work vs proof of stake and hundreds more.
If you have an idea for an article, please let us know.

Yesterday, Bitcoin pumped above the hourly ascending channel and set a new ATH at 61,500 USD. Now, it looks like BTC is retesting the upper limits and I wouldn't be surprised to see BTC set a new ATH if it manages to bounce. However, if the bears manage to push BTC under 59,500, I think it could retest the 56,000 - 58,000 buck range.

A must read, find out what is happening in the wider markets to make good choices in your niche investments.
https://www.midastouch-consulting.com/precious-metals-analysis-13032021-silver-next-attack-on-the-resistance

Well it tested even lower than I anticipated. Looks like it will bounce between 55 and 60 giving the market time to establish a new normal around here

The volume on Vaultoro direct (our easy OTC desk for bitcoin and gold) went insane this week with millions of euros of gold and silver being purchased. Then bitcoin dipped a solid chunk. Now people are buying back bitcoin. I tip my hat to our users, very switched on traders.

We should start publishing OTC volume because it's a great pointer to when a top or bottom is in.

If you haven't checked out the new Vaultoro direct feature be sure to log in to https://vaultoro.com and check it out.

Sorry have not done these for a while, a lot of features have been released
[Feature] Portfolio now shows balance changes since last login
[Feature] Portfolio has a chart that shows your portfolio value over time
[Feature] Portfolio Page has market insights into different assets (Percentage changes over time)
[Feature] People can reset their own two factor now
[Feature] Ledger is available in history tab for every user
[Feature] New checkboxes before file upload to improve pictures that are uploaded by customers
[Improvement] Removed most limits in OTC Trading
[A lot of Minor bugfixes] with frontend.

Bitcoin managed to trade above 50k but it's still in a bearish trend. there is a solid red Ichimoku Cloud that the bulls need to push past. Lets see what happens.

In testing, a whole lot of new tokens. ;)

A little heads up; We have a massive project brewing and all Vaultoro members will have access to the pre-distribution.
Will release more info soon. 👀

Dear Vaultoro VIP’s,

We are proud to announce to you our new partnership with “The Standard”, a DeFi infrastructure project that will add a unique use case to your asset holdings on Vaultoro.

Vaultoro’s mission has always been to enable people to save in rare assets that are in full reserve with total transparency and the highest security measures for the exchange while securing the privacy of our users. As we progress, we also realize the massive potential of new DeFi technologies where users can utilize their own hard assets for many more purposes than securing value.
For many years our users have asked us to tokenize gold but we decided not to, for one major reason: The simple gold backed stablecoins are not sustainable as storage, insurance, and auditing fees cannot be deducted automatically.

Crypto is a bearer based asset, and so we can not take the storage fees from token holders. This is especially impacting the stability of the token when token holders lose their private keys and the gold token issuers are stuck with paying the insurance, auditing and vaulting fees indefinitely. Our analysis has unveiled that the current gold token projects on the market do not solve the problem, and therefore those projects can be compared to Ponzi schemes. Like in all Ponzi schemes, gold token issuers are constantly looking for new buyers to cover all storage costs.

The Standard is the solution!

The team consisting of former and current Vaultoro executives has finally solved this conundrum! The Standard Protocol is a decentralized finance (DeFi) infrastructure project that enables users to generate stable cryptocurrencies by utilizing asset-backed loans without intermediaries. The project focuses on physical and crypto-assets as collateral and will be entirely managed by the community of Standard Token holders.
Tokenized gold on The Standard is directly locked up in a smart contract called a Smart Vault. If a user loses their private keys then the smart vault will continue to pay the storage fees every month.

Here is where it gets interesting!
Users who choose to tokenize gold in a Smart Vault, will be able to use that as collateral to generate fiat pegged stablecoins by borrowing against their gold holdings. This means users can borrow from themselves!

The benefits include:

🎯 You can use your Vaultoro assets as collateral to generate fiat pegged stablecoins
🎯 Fiat currency inflation effectively pays off the loan you issued yourself
🎯 Use your hard assets to participate in the growing DeFi space to earn a yield
🎯 Use your assets’ value to create instant liquidity without selling them
🎯 By borrowing instead of selling, asset holders can optimize their capital gain’s tax

We don’t need to wait for governments to create a gold standard, that’s why Vaultoro is helping to build a system that lets you create your own. A fiat pegged stablecoin provably over collateralized by gold and crypto!

Vaultoro and Bar9 will be the first hard asset custodians to plug into the Standard Protocol with many more to join the protocol in the future.
The Standard is Co-Founded by myself (Joshua Scigala), as I am now the Chief Innovation Officer at Vaultoro. My Co-Founder of Vaultoro, Philip Scigala has taken over the position as CEO as of June 2021. Philip will focus on increasing the portfolio of traded assets on Vaultoro, further improving the user experience, and enhance the growth of the exchange through new partnerships.

As a thank you to our awesome Vaultoro community and the support we have received from you over the past years, the early pre-market token distribution of The Standard governance token will soon be held exclusively on Vaultoro.com. Share the info about the distribution with your friends, and use your affiliate link for extra bonuses.

Today, The Standard website officially goes LIVE!
You can find out more on https://TheStandard.io

Make sure to follow The Standard official Telegram channel https://t.me/TheStandard_io any latest news!

Let's make history together!

The Standard DAO Pre-Sale will be taking place exclusively for Vaultoro users from tomorrow the 25th Aug 1pm CEST.

Simply log into vaultoro and click The Standard tab in the navigation.

We are extremely excited about this project. We don’t need to wait for governments to create a gold standard, we are creating a protocol that lets anyone back a fiat pegged stablecoin with their own hard and soft assets.

This is one of the most ambitious DeFi infrastructure projects out there and vaultoro members are the first to contribute.

To find out more please visit TheStandard.io

Read the white paper and if you have any questions you can ask them over on the community channel t.me/TheStandard_io

Even if you don’t want to contribute I would recommend reading about it because it’s super interesting.

Imagine building a network that become similar to the SEPA or SWIFT networks but for vaulting facilities, now imagine that this network also has logic gates and enables people to lock up assets, borrow against them by generating a stablecoin pegged to their local currency.

Epic.

I just want to let everyone know that there was a mistake in the last Vaultoro newsletter. Silver/BTC pair is NOT being removed from Vaultoro.com.

We are live with an AMA for Vaultoro and The standard come and join us