Voyage of the DeFi universe: decentralized marketplaces
If you look at the DeFi ecosystem through a wider lens, you can see that decentralized finance projects are working and developing in roughly twelve directions. Attempting to shift to a decentralized form of almost everything related to the traditional financial system also means trying to move as quickly as possible to new types of interactions with financial instruments and decentralization of these interactions.
This is the first article in a series, looking at promising projects in each of these areas, talking about the advantages and disadvantages of these projects, and reflecting on their prospects and opportunities.
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If you look at the DeFi ecosystem through a wider lens, you can see that decentralized finance projects are working and developing in roughly twelve directions. Attempting to shift to a decentralized form of almost everything related to the traditional financial system also means trying to move as quickly as possible to new types of interactions with financial instruments and decentralization of these interactions.
This is the first article in a series, looking at promising projects in each of these areas, talking about the advantages and disadvantages of these projects, and reflecting on their prospects and opportunities.
Read article
Forwarded from Binance Announcements
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Binance Will Delist MCO (MCO) on 2020/11/02
https://www.binance.com/en/support/announcement/d037df42aac64b388750c006aeedb8be
https://www.binance.com/en/support/announcement/d037df42aac64b388750c006aeedb8be
Here's our digest with the hottest news:
Capitalization: $407 billion
Trading Volume (24h): $103 billion
BTC Dominance: 62.5%
BTC: $13,724 (+4.75%)
🔹Representatives of one of the world's largest banks, JP Morgan, stated that "Bitcoin has significant potential for long-term growth," as "moderate displacement of gold as an alternative currency, in the long run, will double or triple the price of Bitcoin.
🔹Mike Novogratz, CEO of Galaxy Investment, believes that after support for Bitcoin, and several other cryptocurrencies, was announced and is implemented by PayPal, such giants of the market as Visa, Mastercard, and American Express will follow its example in the future.
🔹According to Glassnode, the number of addresses with more than $1 million in BTC has exceeded 20,000, which is the highest figure since January 2018.
🔹The average transaction fee in the Ethereum network has dropped by 92% since the beginning of September to $1. Last month, network users were paying between $10 and $15 due to the popularity of DeFi protocols.
🔹The largest transfer in the BTC network has been recorded. On Monday, 88,857 BTC worth more than $1.15 billion were transferred in a single transaction. The recipient of one of the largest Bitcoin transfers in history remains unknown. The transaction fee was only 0.00027847 BTC or $3.65.
#3C_digest
Capitalization: $407 billion
Trading Volume (24h): $103 billion
BTC Dominance: 62.5%
BTC: $13,724 (+4.75%)
🔹Representatives of one of the world's largest banks, JP Morgan, stated that "Bitcoin has significant potential for long-term growth," as "moderate displacement of gold as an alternative currency, in the long run, will double or triple the price of Bitcoin.
🔹Mike Novogratz, CEO of Galaxy Investment, believes that after support for Bitcoin, and several other cryptocurrencies, was announced and is implemented by PayPal, such giants of the market as Visa, Mastercard, and American Express will follow its example in the future.
🔹According to Glassnode, the number of addresses with more than $1 million in BTC has exceeded 20,000, which is the highest figure since January 2018.
🔹The average transaction fee in the Ethereum network has dropped by 92% since the beginning of September to $1. Last month, network users were paying between $10 and $15 due to the popularity of DeFi protocols.
🔹The largest transfer in the BTC network has been recorded. On Monday, 88,857 BTC worth more than $1.15 billion were transferred in a single transaction. The recipient of one of the largest Bitcoin transfers in history remains unknown. The transaction fee was only 0.00027847 BTC or $3.65.
#3C_digest
Blockchain bridges as an alternative to waiting for Ethereum 2.0
Although blockchain has brought much-needed decentralization and broken the stereotypes, it probably holds some problems that require introspection in every existing area. One of them is the lack of blockchain intercompatibility. This means that if a dApp is built on Ethereum, it can only take advantage of the Ethereum blockchain and not any other network, which can cause concern as Ethereum has its own inherent problems, such as poor scalability.
Blockchain bridges have been created to solve the problem of incompatibility. Let’s look at what blockchain bridges are, how they work, and what benefits they provide.
Read article
Although blockchain has brought much-needed decentralization and broken the stereotypes, it probably holds some problems that require introspection in every existing area. One of them is the lack of blockchain intercompatibility. This means that if a dApp is built on Ethereum, it can only take advantage of the Ethereum blockchain and not any other network, which can cause concern as Ethereum has its own inherent problems, such as poor scalability.
Blockchain bridges have been created to solve the problem of incompatibility. Let’s look at what blockchain bridges are, how they work, and what benefits they provide.
Read article
Here's our digest with the hottest news:
Capitalization: $388 billion
Trading Volume (24h): $95 billion
BTC Dominance: 63.0%
BTC: $13,207 (-0.53%)
🔹The average Bitcoin network transaction fee has increased from $3.5 to $10. The increase was due to the recent bitcoin price growth.
🔹Coinbase cryptocurrency exchange has announced the issuance of its cryptocurrency Visa debit card in the United States. U.S. citizens will be able to pay with the Coinbase Card online or in stores, withdraw cash from ATMs and receive a 1% BTC or 4% XLM cashback.
🔹According to the latest Grayscale report, 55% of U.S. investors are ready to invest in BTC in 2020. As compared to 2019, the interest in cryptocurrency investments rose by 36%.
🔹The derivatives crypto exchange, FTX, launches the world's first tokenized stocks - TSLA, AAPL, AMZN, and many others.
🔹Peter Schiff criticized Bitcoin once again. According to Schiff, Bitcoin HODLers are even more certain to fail than the Dotcom and real estate buyers during the 2000's and the housing bubble.
#3C_digest
Capitalization: $388 billion
Trading Volume (24h): $95 billion
BTC Dominance: 63.0%
BTC: $13,207 (-0.53%)
🔹The average Bitcoin network transaction fee has increased from $3.5 to $10. The increase was due to the recent bitcoin price growth.
🔹Coinbase cryptocurrency exchange has announced the issuance of its cryptocurrency Visa debit card in the United States. U.S. citizens will be able to pay with the Coinbase Card online or in stores, withdraw cash from ATMs and receive a 1% BTC or 4% XLM cashback.
🔹According to the latest Grayscale report, 55% of U.S. investors are ready to invest in BTC in 2020. As compared to 2019, the interest in cryptocurrency investments rose by 36%.
🔹The derivatives crypto exchange, FTX, launches the world's first tokenized stocks - TSLA, AAPL, AMZN, and many others.
🔹Peter Schiff criticized Bitcoin once again. According to Schiff, Bitcoin HODLers are even more certain to fail than the Dotcom and real estate buyers during the 2000's and the housing bubble.
#3C_digest
Knowledge DeFi’cit: Preventing financial losses
Due to the hacker attack on the bZx DeFi service in February this year, investor funds amounting to more than $1 million were jeopardized. However, 6 participants of this incident had Nexus Mutual insurance for this smart contract for the total amount of about $87,000, and all of them received payments on compensation claims.
In this article, we’ll look at how DeFi insurance can guarantee your funds’ security in the case of insured events.
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Due to the hacker attack on the bZx DeFi service in February this year, investor funds amounting to more than $1 million were jeopardized. However, 6 participants of this incident had Nexus Mutual insurance for this smart contract for the total amount of about $87,000, and all of them received payments on compensation claims.
In this article, we’ll look at how DeFi insurance can guarantee your funds’ security in the case of insured events.
Read article
Dear traders,
We know first hand how important it is to keep abreast of announcements. That’s why we started weekly digests about the work done by the 3Commas team.
Today is Monday and here’s what the progress the 3Commas team has made for you over the past week:
🔹 Added the ability to filter DCA bots by name or pair
🔹 Fixed minor bugs
We know first hand how important it is to keep abreast of announcements. That’s why we started weekly digests about the work done by the 3Commas team.
Today is Monday and here’s what the progress the 3Commas team has made for you over the past week:
🔹 Added the ability to filter DCA bots by name or pair
🔹 Fixed minor bugs
🤗1
📣 Hot news!
Sam Bankman-Fried’s Alameda Research has invested $3 million in trading platform 3Commas.
More
Sam Bankman-Fried’s Alameda Research has invested $3 million in trading platform 3Commas.
More
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NEW: @SBF_Alameda’s Alameda Research has invested $3 million in trading platform @3commas_io. @doreenjwang reports https://t.co/vCyUoiSZit
Voyage of the DeFi universe: prediction markets
If you look at the DeFi ecosystem through a wider lens, you can see that decentralized finance projects are working and developing in roughly twelve directions. Attempting to shift to a decentralized form of almost everything related to the traditional financial system also means trying to move as quickly as possible to new types of interactions with financial instruments and decentralization of these interactions.
In today’s article, we will address the area of finance known as “prediction markets”. We will describe projects that develop platforms to not only speculate on the outcome of real events but also hedge risks and collect valuable information about events that may occur in the future.
Read article
If you look at the DeFi ecosystem through a wider lens, you can see that decentralized finance projects are working and developing in roughly twelve directions. Attempting to shift to a decentralized form of almost everything related to the traditional financial system also means trying to move as quickly as possible to new types of interactions with financial instruments and decentralization of these interactions.
In today’s article, we will address the area of finance known as “prediction markets”. We will describe projects that develop platforms to not only speculate on the outcome of real events but also hedge risks and collect valuable information about events that may occur in the future.
Read article
Forwarded from Binance Announcements
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Announcement Regarding the Upcoming Bitcoin Cash Hard Fork
https://www.binance.com/en/support/announcement/ade106fd65974a9982fc5a32e063d0b0
https://www.binance.com/en/support/announcement/ade106fd65974a9982fc5a32e063d0b0
Here's our digest with the hottest news:
Capitalization: $393 billion
Trading Volume (24h): $86 billion
BTC Dominance: 64.2%
BTC: $13,650 (+1.52%)
🔹Amid high user demand PayPal has increased weekly cryptocurrency purchase limits from $10,000 to $15,000.
🔹As a result of another Bitcoin mining difficulty adjustment, which takes place roughly every 14 days, the figures have fallen by 16.05% to 16.78 trillion hashes. This is the largest decrease over the past nine years, additionally the difficulty rate to create new blocks has decreased accordingly.
🔹Bitcoin traded above current levels for only 110 days in its history. It rose above $19,000 for only two days. One had to try hard and buy near the highs to be at a loss now.
🔹Gemini Exchange CEO Tyler Winklevoss commented on the current US elections. He believes that both political parties are addicted to the Fed's money printer, so regardless of who wins the election, the only real, long-term winner will be Bitcoin.
🔹The Huobi exchange has denied claims about the arrest of their Chief Operating Officer on the back of the decline in USDT deposits and uptick in BTC withdrawals.
#3C_digest
Capitalization: $393 billion
Trading Volume (24h): $86 billion
BTC Dominance: 64.2%
BTC: $13,650 (+1.52%)
🔹Amid high user demand PayPal has increased weekly cryptocurrency purchase limits from $10,000 to $15,000.
🔹As a result of another Bitcoin mining difficulty adjustment, which takes place roughly every 14 days, the figures have fallen by 16.05% to 16.78 trillion hashes. This is the largest decrease over the past nine years, additionally the difficulty rate to create new blocks has decreased accordingly.
🔹Bitcoin traded above current levels for only 110 days in its history. It rose above $19,000 for only two days. One had to try hard and buy near the highs to be at a loss now.
🔹Gemini Exchange CEO Tyler Winklevoss commented on the current US elections. He believes that both political parties are addicted to the Fed's money printer, so regardless of who wins the election, the only real, long-term winner will be Bitcoin.
🔹The Huobi exchange has denied claims about the arrest of their Chief Operating Officer on the back of the decline in USDT deposits and uptick in BTC withdrawals.
#3C_digest
Forwarded from Binance Announcements
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Binance Will Delist POE & TNT on 2020/11/12
https://www.binance.com/en/support/announcement/725a176f230542c6be7704339a011030
https://www.binance.com/en/support/announcement/725a176f230542c6be7704339a011030
Blockchain Telecom or how technology changes the rules
Blockchain technology pushes the whole world forward. It has the potential to disrupt business models in virtually every industry. According to a recent report by a leading market research company, the telecommunications market is expected to grow to $993.8 million by 2023 at a Compound Annual Growth Rate (CAGR) of 84.4% over the forecasted period. One of the challenges telecom companies face is the need to innovate in a highly competitive market while reducing costs to keep their services within an affordable price range.
Today, let’s talk about how the application of blockchain in telecommunications will bring new opportunities to this enormous market.
Read article
Blockchain technology pushes the whole world forward. It has the potential to disrupt business models in virtually every industry. According to a recent report by a leading market research company, the telecommunications market is expected to grow to $993.8 million by 2023 at a Compound Annual Growth Rate (CAGR) of 84.4% over the forecasted period. One of the challenges telecom companies face is the need to innovate in a highly competitive market while reducing costs to keep their services within an affordable price range.
Today, let’s talk about how the application of blockchain in telecommunications will bring new opportunities to this enormous market.
Read article
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Here's our digest with the hottest news:
Capitalization: $445 billion
Trading Volume (24h): $209 billion
BTC Dominance: 65.5%
BTC: $13,725 (+9.84%)
🔹Ethereum 2.0 launch requires users to stake 524,288 ETH ($210 million). To date, more than 20,000 ETH ($8 million) have been contributed.
🔹Ahead of US 2020 Election Night, the number of large reportable CME Bitcoin futures traders hit an all-time high. Trading volume for the session amounted to 6,700 contracts or 33,500 BTC, which exceeds the annual average by 75%.
🔹There will be at least 500,000 BTCs managed by Grayscale by the end of the year. By the end of 2020, the Fund will control about 2.7% of the total Bitcoin market supply.
🔹On November 15, Bitcoin Cash (BCH) will be hard-forked. Binance announced the support and distribution of new tokens to BCH token holders.
🔹Funds from one of the largest wallets, 69,370 BTC ($960 million), were transferred to another address. The wallet was not active since 2015. It is not known whether the owner made the transfer or the wallet was hacked.
#3C_digest
Capitalization: $445 billion
Trading Volume (24h): $209 billion
BTC Dominance: 65.5%
BTC: $13,725 (+9.84%)
🔹Ethereum 2.0 launch requires users to stake 524,288 ETH ($210 million). To date, more than 20,000 ETH ($8 million) have been contributed.
🔹Ahead of US 2020 Election Night, the number of large reportable CME Bitcoin futures traders hit an all-time high. Trading volume for the session amounted to 6,700 contracts or 33,500 BTC, which exceeds the annual average by 75%.
🔹There will be at least 500,000 BTCs managed by Grayscale by the end of the year. By the end of 2020, the Fund will control about 2.7% of the total Bitcoin market supply.
🔹On November 15, Bitcoin Cash (BCH) will be hard-forked. Binance announced the support and distribution of new tokens to BCH token holders.
🔹Funds from one of the largest wallets, 69,370 BTC ($960 million), were transferred to another address. The wallet was not active since 2015. It is not known whether the owner made the transfer or the wallet was hacked.
#3C_digest
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What is liquidity mining, and how does it work?
Before the emergence of decentralized finance and DeFi platforms, users could only access liquidity by exchanging some assets for others. But DEX-exchanges presented crypto-holders with a new way to generate revenue by adding their cryptocurrencies to the common pool.
In this article, we will explain what liquidity mining is, how it works, how it allows users to make money, and take a close look at the risks of this new scheme.
Read article
Before the emergence of decentralized finance and DeFi platforms, users could only access liquidity by exchanging some assets for others. But DEX-exchanges presented crypto-holders with a new way to generate revenue by adding their cryptocurrencies to the common pool.
In this article, we will explain what liquidity mining is, how it works, how it allows users to make money, and take a close look at the risks of this new scheme.
Read article
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Forwarded from Binance Announcements
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Notice of Removal of Trading Pairs - 2020/11/10
https://www.binance.com/en/support/announcement/dcb2722913ee4dec9a8be29da9e3aeb0
https://www.binance.com/en/support/announcement/dcb2722913ee4dec9a8be29da9e3aeb0
Hey! Today is Monday and it means that it’s time to review the past week and tell you the progress that the 3Commas team has made!
🔹Added GRID Bot for Coinbase;
🔹Meet the updated 3Commas app for Android;
🔹Button “Create new” has renamed to “Create Trade”;
🔹Small bugs fixed.
🔹Added GRID Bot for Coinbase;
🔹Meet the updated 3Commas app for Android;
🔹Button “Create new” has renamed to “Create Trade”;
🔹Small bugs fixed.
⚠️ ⚠️⚠️
Dear traders!
Pay attention: Deribit is undergoing maintenance at the moment.
Dear traders!
Pay attention: Deribit is undergoing maintenance at the moment.
Forwarded from Binance Announcements
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Stratis (STRAT) Token Swap to STRAX Will Be Supported on Binance
https://www.binance.com/en/support/announcement/1937b7781c5043efa66c07141be3bdc2
https://www.binance.com/en/support/announcement/1937b7781c5043efa66c07141be3bdc2