Bitcoin-pegged tokens
The large-scale development of the cryptocurrency industry allowed the use of Bitcoin outside of its own blockchain. At the moment of writing, the volume of blocked Bitcoins in the Lightning network is 1100 coins, and 2600 coins are locked in the Liquid Network. With the growing popularity of decentralized finance, the demand for Bitcoins on other platforms also increased.
In today’s article, we will talk about Bitcoin-backed tokens, their interaction with DeFi infrastructure, design, and future prospects.
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The large-scale development of the cryptocurrency industry allowed the use of Bitcoin outside of its own blockchain. At the moment of writing, the volume of blocked Bitcoins in the Lightning network is 1100 coins, and 2600 coins are locked in the Liquid Network. With the growing popularity of decentralized finance, the demand for Bitcoins on other platforms also increased.
In today’s article, we will talk about Bitcoin-backed tokens, their interaction with DeFi infrastructure, design, and future prospects.
Read article
Here's our digest with the hottest news:
Capitalization: $335 billion
Trading Volume (24h): $104 billion
BTC Dominance: 58.6%
BTC: $10,628 (-1.2%)
🔹The creator of McAfee antivirus and crypto enthusiast, John Macafee, was arrested in Spain. He faces extradition to the United States and a fraud and tax evasion trial.
🔹Google Cloud has announced its intention to become a candidate for the EOS block producer.
🔹The UK Financial Conduct Authority (FCA) bans the sale of crypto-derivatives to retail consumers. The ban comes into force on January 6, 2021.
🔹The number of active MetaMask users has exceeded 1 million against the background of the DeFi sector's popularity. The most active users of the application are the USA, India, Nigeria, and Philippines residents.
🔹On October 5, ZilSwap platform, which allows exchanging tokens and creating own pools in Zilliqa blockchain, was launched.
#3C_digest
Capitalization: $335 billion
Trading Volume (24h): $104 billion
BTC Dominance: 58.6%
BTC: $10,628 (-1.2%)
🔹The creator of McAfee antivirus and crypto enthusiast, John Macafee, was arrested in Spain. He faces extradition to the United States and a fraud and tax evasion trial.
🔹Google Cloud has announced its intention to become a candidate for the EOS block producer.
🔹The UK Financial Conduct Authority (FCA) bans the sale of crypto-derivatives to retail consumers. The ban comes into force on January 6, 2021.
🔹The number of active MetaMask users has exceeded 1 million against the background of the DeFi sector's popularity. The most active users of the application are the USA, India, Nigeria, and Philippines residents.
🔹On October 5, ZilSwap platform, which allows exchanging tokens and creating own pools in Zilliqa blockchain, was launched.
#3C_digest
Big Announcement!🎉
3Commas Academy launches two new courses for advanced traders in partnership with The Better Traders: "The Smarter Trader" and "Mastering Passive Income".
📣The Smarter Trader
This course takes a deeper dive into all features and aspects of the 3Commas Smart Trade terminal, showing how to use it for active trading in both bull and bear markets. This course also covers leveraged trading principles and comes with one-on-one coaching, free access to a private Discord server, free signals for trading opportunities, and so much more.
📣Mastering Passive Income
This course focuses on 3Commas’ powerful DCA bots and how to master them to generate passive profits in any market. Moonin Papa breaks down every element of DCA bots and how to profit with them while you sleep, work your day job, or travel. He also shares his exclusive “Golden Ratio” technique, which is used in his Top 10 marketplace signals, one of the most popular paid signals on the 3Commas Marketplace. This course also comes with one-on-one coaching, free access to a private Discord server, the TBO Switch hands-free bot strategy, and so much more.
Visit 3Commas Academy
3Commas Academy launches two new courses for advanced traders in partnership with The Better Traders: "The Smarter Trader" and "Mastering Passive Income".
📣The Smarter Trader
This course takes a deeper dive into all features and aspects of the 3Commas Smart Trade terminal, showing how to use it for active trading in both bull and bear markets. This course also covers leveraged trading principles and comes with one-on-one coaching, free access to a private Discord server, free signals for trading opportunities, and so much more.
📣Mastering Passive Income
This course focuses on 3Commas’ powerful DCA bots and how to master them to generate passive profits in any market. Moonin Papa breaks down every element of DCA bots and how to profit with them while you sleep, work your day job, or travel. He also shares his exclusive “Golden Ratio” technique, which is used in his Top 10 marketplace signals, one of the most popular paid signals on the 3Commas Marketplace. This course also comes with one-on-one coaching, free access to a private Discord server, the TBO Switch hands-free bot strategy, and so much more.
Visit 3Commas Academy
Smart stablecoins and their evolving stack
The compound nature of Ethereum generates a multi-level structure of primitives and DeFi assets. One clear but usually underestimated example of this are smart stablecoins. Despite the fact that Yield Farming is a growing trend at the moment, by digging a little deeper, we can see the extended consequences of using native stablecoins in various smart contracts.
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The compound nature of Ethereum generates a multi-level structure of primitives and DeFi assets. One clear but usually underestimated example of this are smart stablecoins. Despite the fact that Yield Farming is a growing trend at the moment, by digging a little deeper, we can see the extended consequences of using native stablecoins in various smart contracts.
Read article
Here's our digest with the hottest news:
Capitalization: $335 billion
Trading Volume (24h): $121 billion
BTC Dominance: 58.7%
BTC: $10,864 (+2.2%)
🔹After the Bitmex exchange conflict with the US Department of Justice and the CFTC, serious changes in the management of the crypto exchange took place. Arthur Hayes (CEO), Samuel Reed (CTO) and Ben Delo (Co-founder), will no longer hold executive positions in the 100x Group, the parent company of BitMEX.
🔹Given BitMEX's problems with the U.S. regulatory environment, Chainalysis has informed its clients that BitMEX is a "high risk" exchange.
🔹Square Payment Company, owned by Jack Dorsey, acquired 4,709 BTC ($50 million) as part of its investment strategy. Management considers cryptocurrencies to be an "instrument of economic development".
🔹According to Glassnode, Bitcoin hashrate reached a new absolute maximum of 170 EH/s. Since halving, the network computing capacity has increased by 40%.
🔹There was a sharp increase in Bitcoin Options volume at the Chicago Mercantile Exchange (CME). The figures grew by 300% from the beginning of the week to $12 million.
#3C_digest
Capitalization: $335 billion
Trading Volume (24h): $121 billion
BTC Dominance: 58.7%
BTC: $10,864 (+2.2%)
🔹After the Bitmex exchange conflict with the US Department of Justice and the CFTC, serious changes in the management of the crypto exchange took place. Arthur Hayes (CEO), Samuel Reed (CTO) and Ben Delo (Co-founder), will no longer hold executive positions in the 100x Group, the parent company of BitMEX.
🔹Given BitMEX's problems with the U.S. regulatory environment, Chainalysis has informed its clients that BitMEX is a "high risk" exchange.
🔹Square Payment Company, owned by Jack Dorsey, acquired 4,709 BTC ($50 million) as part of its investment strategy. Management considers cryptocurrencies to be an "instrument of economic development".
🔹According to Glassnode, Bitcoin hashrate reached a new absolute maximum of 170 EH/s. Since halving, the network computing capacity has increased by 40%.
🔹There was a sharp increase in Bitcoin Options volume at the Chicago Mercantile Exchange (CME). The figures grew by 300% from the beginning of the week to $12 million.
#3C_digest
Knowledge DeFi’cit: here we go again
The DeFi hype that started last year seems to be coming to an end, but we still get a lot of questions from our users about what it is and how it works. That’s why we decided to take a step by step approach to finding out what DeFi is and answer all the questions in simple terms. For this purpose, we are launching a new series of short educational articles about DeFi – “Knowledge DeFi’cit.”
Read article
The DeFi hype that started last year seems to be coming to an end, but we still get a lot of questions from our users about what it is and how it works. That’s why we decided to take a step by step approach to finding out what DeFi is and answer all the questions in simple terms. For this purpose, we are launching a new series of short educational articles about DeFi – “Knowledge DeFi’cit.”
Read article
👏1
The Binance Futures tournament is over!
The large-scale Binance Futures tournament has ended!
Now It's time to take stock.
According to the results of trading, the 3Commas team of traders achieved excellent results:
🔷 6th place in terms of trading performance
🔷 42nd place in the overall ranking among teams
🔷 10th place by the number of active participants in the team
We thank all the team members for participating in the tournament!
The large-scale Binance Futures tournament has ended!
Now It's time to take stock.
According to the results of trading, the 3Commas team of traders achieved excellent results:
🔷 6th place in terms of trading performance
🔷 42nd place in the overall ranking among teams
🔷 10th place by the number of active participants in the team
We thank all the team members for participating in the tournament!
Robots, Artificial Intelligence and Blockchain
Today, distributed ledger technologies have penetrated deeply into many areas of our lives. Despite their young age, blockchains are already seen as an alternative to many older systems or processes, and the pace of transition to digital society is accelerating.
In today’s article, we will talk about the implementation of the blockchain in the sphere of robotics, the interaction of the blockchain with artificial intelligence, and discuss the role of distributed systems in robotization processes.
Read article
Today, distributed ledger technologies have penetrated deeply into many areas of our lives. Despite their young age, blockchains are already seen as an alternative to many older systems or processes, and the pace of transition to digital society is accelerating.
In today’s article, we will talk about the implementation of the blockchain in the sphere of robotics, the interaction of the blockchain with artificial intelligence, and discuss the role of distributed systems in robotization processes.
Read article
Here's our digest with the hottest news:
Capitalization: $362 billion
Trading Volume (24h): $72 billion
BTC Dominance: 58.3%
BTC: $11,419 (-0.98%)
🔹Tether captures the cryptocurrency market; according to Larry Cermack, USDT trading market share grew from 5% to 70% in the past three years. Meanwhile, BTC's share fell by about 15%.
🔹A new ETH futures trading record was set this September; the volumes increased to $172 billion.
🔹According to bitcointreasuries.org, 15 publicly traded companies own a total of almost 600,000 BTC (2.85% of all bitcoins), which is approximately $6.9 billion at the current exchange rate.
🔹Goldman Sachs analysts stated the dollar could fall to a low of 2018 due to the growing likelihood of Joe Biden winning the U.S. election and current progress in developing a coronavirus vaccine. Will that lead to new bitcoin's ATH?
🔹A thousand bitcoins that have been assumed to be lost for over a decade have recently moved.
🔹Binance has announced the 16th project on Binance Launchpad - Injective Protocol (INJ).
#3C_digest
Capitalization: $362 billion
Trading Volume (24h): $72 billion
BTC Dominance: 58.3%
BTC: $11,419 (-0.98%)
🔹Tether captures the cryptocurrency market; according to Larry Cermack, USDT trading market share grew from 5% to 70% in the past three years. Meanwhile, BTC's share fell by about 15%.
🔹A new ETH futures trading record was set this September; the volumes increased to $172 billion.
🔹According to bitcointreasuries.org, 15 publicly traded companies own a total of almost 600,000 BTC (2.85% of all bitcoins), which is approximately $6.9 billion at the current exchange rate.
🔹Goldman Sachs analysts stated the dollar could fall to a low of 2018 due to the growing likelihood of Joe Biden winning the U.S. election and current progress in developing a coronavirus vaccine. Will that lead to new bitcoin's ATH?
🔹A thousand bitcoins that have been assumed to be lost for over a decade have recently moved.
🔹Binance has announced the 16th project on Binance Launchpad - Injective Protocol (INJ).
#3C_digest
3Commas Announces New Collaboration With PlotX
PlotX is a non-custodial prediction market directly built on the Ethereum blockchain and lets users not only liquidity mine, but also be rewarded for predicting prices in diverse timeframes.
PlotX is a non-custodial prediction market directly built on the Ethereum blockchain and lets users not only liquidity mine, but also be rewarded for predicting prices in diverse timeframes.
Passive crypto income ideas
Recently, yield farming has started gaining popularity. This type of income attracts inexperienced investors as it does not require much involvement, provides high profitability, and is by far less risky. However, it is difficult to classify farming as a truly passive income. In this article, we will look at different ways of passively increasing cryptocurrency positions.
Read article
Recently, yield farming has started gaining popularity. This type of income attracts inexperienced investors as it does not require much involvement, provides high profitability, and is by far less risky. However, it is difficult to classify farming as a truly passive income. In this article, we will look at different ways of passively increasing cryptocurrency positions.
Read article
Here's our digest with the hottest news:
Capitalization: $356 billion
Trading Volume (24h): $87 billion
BTC Dominance: 58.9%
BTC: $11,331 (-0.62%)
🔹Distribution of recovered Bitcoins, from the infamous Mt. Gox exchange hack, has been postponed until mid-December. Once again.
🔹Grayscale reported its largest-ever quarterly inflows, over $1 billion in 3Q20, making it the third consecutive record-breaking quarter. Grayscale's total AUM now equates to $6.3 billion.
🔹You can now chart the Uniswap top 100 tokens by volume on Tradingview.
🔹According to data published by Chain.info, roughly 10.6% of Bitcoin (BTC) circulating supply is currently held on just five centralized exchanges. Those are Coinbase, Huobi, Binance, OKEx, and Kraken.
🔹Glassnode stated that 60% of all Ethereum tokens have not moved for more than a year. The founder of EthHub, Anthony Sassano, is wondering whether this ratio will change with the launch of ETH 2.0 stacking.
Capitalization: $356 billion
Trading Volume (24h): $87 billion
BTC Dominance: 58.9%
BTC: $11,331 (-0.62%)
🔹Distribution of recovered Bitcoins, from the infamous Mt. Gox exchange hack, has been postponed until mid-December. Once again.
🔹Grayscale reported its largest-ever quarterly inflows, over $1 billion in 3Q20, making it the third consecutive record-breaking quarter. Grayscale's total AUM now equates to $6.3 billion.
🔹You can now chart the Uniswap top 100 tokens by volume on Tradingview.
🔹According to data published by Chain.info, roughly 10.6% of Bitcoin (BTC) circulating supply is currently held on just five centralized exchanges. Those are Coinbase, Huobi, Binance, OKEx, and Kraken.
🔹Glassnode stated that 60% of all Ethereum tokens have not moved for more than a year. The founder of EthHub, Anthony Sassano, is wondering whether this ratio will change with the launch of ETH 2.0 stacking.
Knowledge DeFi’cit: credit without a credit history, deposit without intermediaries.
Jurisdiction restrictions, volume restrictions, trust limits, high cost of services are just some of the troubles faced by those who want to take a loan or deposit with banks around the world. In this "Knowledge DeFi'cit” article, we will tell you in simple words how to use DeFi tools to take a loan without geographical limitations, credit history, as well as how to place a deposit on more favorable terms and without intermediaries.
Read article
Jurisdiction restrictions, volume restrictions, trust limits, high cost of services are just some of the troubles faced by those who want to take a loan or deposit with banks around the world. In this "Knowledge DeFi'cit” article, we will tell you in simple words how to use DeFi tools to take a loan without geographical limitations, credit history, as well as how to place a deposit on more favorable terms and without intermediaries.
Read article
Dear users!
We are happy to inform you that, by popular demand, trading courses are now available to every 3Commas user for free!
Trading courses from the 3Commas team are equally suitable for both beginners and experienced traders. We will help you to understand cryptocurrency in detail and teach you how to make money using automated trading with 3Commas bots!
The courses are presented in the format of online self-traning and consist of video tutorials and articles on technical analysis.
The course is available on our Traders Community platform - choose the topic that suits you or take the full training course right now
We are happy to inform you that, by popular demand, trading courses are now available to every 3Commas user for free!
Trading courses from the 3Commas team are equally suitable for both beginners and experienced traders. We will help you to understand cryptocurrency in detail and teach you how to make money using automated trading with 3Commas bots!
The courses are presented in the format of online self-traning and consist of video tutorials and articles on technical analysis.
The course is available on our Traders Community platform - choose the topic that suits you or take the full training course right now
⚠️⚠️⚠️
Dear traders!
There are some technical issues with the Binance.
Sorry for the inconvenience.
Dear traders!
There are some technical issues with the Binance.
Sorry for the inconvenience.
✅✅✅
Dear Traders!
Binance is working normally now!
Dear Traders!
Binance is working normally now!
For our new update, a huge amount of work has gone into optimizing the 3Commas interface based on your feedback:
- We have created a uniform design style for all buttons, controls and fields, thereby strengthening consistency and unifying the interface that we’ve developed over the last few years
- We optimized light and dark themes, making them easier on the eye. The dark theme will never blind you with a bright button again!
- We have made the interface more compact so it can fit more information on screen, this will reduce the amount of scrolling in the Smart Trade terminal and on the new bot creation page.
- All icons were updated, with some new ones added. We believe you will like them and they will be more intuitive and quickly adopted by the community.
- Visual bugs were fixed and some elements that were distracting for traders have been removed.
- We have created a uniform design style for all buttons, controls and fields, thereby strengthening consistency and unifying the interface that we’ve developed over the last few years
- We optimized light and dark themes, making them easier on the eye. The dark theme will never blind you with a bright button again!
- We have made the interface more compact so it can fit more information on screen, this will reduce the amount of scrolling in the Smart Trade terminal and on the new bot creation page.
- All icons were updated, with some new ones added. We believe you will like them and they will be more intuitive and quickly adopted by the community.
- Visual bugs were fixed and some elements that were distracting for traders have been removed.
DeFi & Privacy
Building decentralized financial institutions and an independent financial system is a truly revolutionary idea. Blockchain, smart contracts, and the ability to create dApps allow each participant to fully control their funds. Decentralized finance is designed to provide access to financial services and operations such as lending, borrowing, liquidity mining, trading, issuing assets and allows you to transact in a trustless manner.
When it comes to finance, you should not forget to keep your identity and your funds confidential. In this article, we will talk about the solutions that are being developed to help improve data privacy in DeFi transactions.
Read article
Building decentralized financial institutions and an independent financial system is a truly revolutionary idea. Blockchain, smart contracts, and the ability to create dApps allow each participant to fully control their funds. Decentralized finance is designed to provide access to financial services and operations such as lending, borrowing, liquidity mining, trading, issuing assets and allows you to transact in a trustless manner.
When it comes to finance, you should not forget to keep your identity and your funds confidential. In this article, we will talk about the solutions that are being developed to help improve data privacy in DeFi transactions.
Read article
Here's our digest with the hottest news:
Capitalization: $374 billion
Trading Volume (24h): $103 billion
BTC Dominance: 60.6%
BTC: $12,247 (+4.3%)
🔹Due to miner Hash Rates remaining high since the Halving, Bitcoin’s mining difficulty has adjusted and increased by 3.62% to 20 trillion hashes, reaching yet another ATH.
🔹The number of Bitcoin addresses exceeding 100 BTC has reached a six-month high!
🔹Coinbase exchange continues to expand its custodial services with new tokens, they announced that more than 35 candidates are being considered at the moment.
🔹The five largest Filecoin miners have disconnected their equipment in protest against the project's "unfair" economic model, which requires a significant number of FIL tokens to start mining. Since its listing on the exchanges, the FIL token has collapsed from $200 to $30.
🔹Crypto exchange Binance hit an all-time high spot trading volume in the third quarter of 2020. Binance's spot trading grew 110% to a high of $306.6 billion compared to $146.3 billion in the previous quarter.
#3C_digest
Capitalization: $374 billion
Trading Volume (24h): $103 billion
BTC Dominance: 60.6%
BTC: $12,247 (+4.3%)
🔹Due to miner Hash Rates remaining high since the Halving, Bitcoin’s mining difficulty has adjusted and increased by 3.62% to 20 trillion hashes, reaching yet another ATH.
🔹The number of Bitcoin addresses exceeding 100 BTC has reached a six-month high!
🔹Coinbase exchange continues to expand its custodial services with new tokens, they announced that more than 35 candidates are being considered at the moment.
🔹The five largest Filecoin miners have disconnected their equipment in protest against the project's "unfair" economic model, which requires a significant number of FIL tokens to start mining. Since its listing on the exchanges, the FIL token has collapsed from $200 to $30.
🔹Crypto exchange Binance hit an all-time high spot trading volume in the third quarter of 2020. Binance's spot trading grew 110% to a high of $306.6 billion compared to $146.3 billion in the previous quarter.
#3C_digest
Dear traders!
Please, pay attention: Notice of Removal of Trading Pairs - 2020/10/23 from Binance!
Please, pay attention: Notice of Removal of Trading Pairs - 2020/10/23 from Binance!
Binance
Notice of Removal of Trading Pairs - 2020/10/23
Fellow Binancians, Binance will remove and cease trading on the followin...
Passive crypto income ideas: DeFi-staking
Blockchain technology growth has an undeniable effect on the evolution of crypto-mining. The first algorithm used in cryptocurrencies was Proof-of-Work (PoW) that requires computing power to secure the network and reach consensus. It was replaced by Proof-of-Stake (PoS) and its modifications: DPoS, APoS, and others. They required large amounts of tokens to run the node but delegated staking allowed receiving rewards even with minor investments. But with the development of the DeFi ecosystem, mining reached a new level: the profitability rose dramatically without a need for large investments.
Last week we already looked at different ways of passively increasing cryptocurrency positions.
In today’s article, we will look into how DeFi-staking differs from PoS and similar consensus algorithms while describing the pros and cons of each approach.
Read article
Blockchain technology growth has an undeniable effect on the evolution of crypto-mining. The first algorithm used in cryptocurrencies was Proof-of-Work (PoW) that requires computing power to secure the network and reach consensus. It was replaced by Proof-of-Stake (PoS) and its modifications: DPoS, APoS, and others. They required large amounts of tokens to run the node but delegated staking allowed receiving rewards even with minor investments. But with the development of the DeFi ecosystem, mining reached a new level: the profitability rose dramatically without a need for large investments.
Last week we already looked at different ways of passively increasing cryptocurrency positions.
In today’s article, we will look into how DeFi-staking differs from PoS and similar consensus algorithms while describing the pros and cons of each approach.
Read article