Crypto funds have enjoyed an uptick in popularity over recent years. Managed by professional traders with compelling strategies, they can help consumers enjoy exposure to digital currencies without owning the underlying assets themselves. As demand for crypto funds continues to rise, how much do you know about how they work? Put your knowledge to the test in this special quiz brought to you by Tokenbox. Original
Day: August 29, 2020
Sovos’ Walker Says Tax Havens Won’t be Around for Too Long
Only last year, the IRS disclosed they had a meeting with four other states in an effort to partner to fight cross-border tax evasion stemming from digital currency users. Last week in the U.S., the IRS released the draft 2020 tax form, with a crypto tax question smack in the middle of the front page. With COVID-19 stretching budgets thin and witnessing cryptocurrency rising in popularity and valuations, tax agencies around the world are starting to put a significant amount of resources into fighting tax evasion or simple negligence and…
TRON Smart Contract- Based MLM Development
What Is a TRON Smart Contract? Smart Contracts- Ensures decentralization in any blockchain application, Just like Bitcoin, Ethereum, and every other blockchain, TRON is also having its own smart contract protocol. Tron Smart Contract is the most preferred smart contract solution for decentralized MLM Business in recent days over Ethereum Smart Contract. We Bitdeal Leading TRON Dapp Development Company offers all kinds of development solutions by leveraging the TRON Blockchain network. We develop and deploy TRON Dapps for all kinds of business verticals with more attractive features and plugins, TRON…
Dubai’s Free Zone to Bridge the UAE-India Agriculture Trade Gap with Blockchain
Dubai Multi Commodities Centre (DMCC), a free zone intended to boost global commodities trade, has established a blockchain-based agri-commodity trading and sourcing platform dubbed Agriota E-Marketplace to link millions of Indian rural farmers with the UAE food sector. Indian farmers given an upper hand Some of the ways of giving farmers a competitive edge entail the timely access of the marketplace and the elimination of intermediaries. The blockchain-powered Agriota platform aims at achieving this by directly connecting Indian farmers with stakeholders in the UAE food industry like wholesalers, traders, and…
TikTok Could Be Walmart Big Ticket to Online Advertising Market
If the TikTok deal goes through, it can give a massive boost to Walmart’s online advertisement and e-commerce business. Besides, Walmart will have a strong footprint in the social media world competing directly against giants like Facebook, Amazon, and Alphabet. The U.S. retail giant Walmart Inc (NYSE: WMT) has been the recent entrant in a bid for TikTok. On Thursday, Walmart confirmed that it will partner with tech giant Microsoft for the TikTok bid. Walmart share price has surged by over 7% in the last two trading sessions. On Friday…
Elon Musk with His Neuralink Presents ‘Fitbit for Your Skull’
According to Elon Musk, the main goal of his Nueralink company is to make an incredibly powerful brain-machine interface, a device with the power to handle lots of data that can be inserted in a relatively simple surgery. At a Friday event, Tesla Inc (NASDAQ: TSLA) CEO Elon Musk revealed more details about his neuroscience startup Neuralink and its plans to connect computers to human brains. During the presentation, Musk showed his second version of a small, robotic device that through the tiny electrode threads is connecting to the skull…
History shows Bitcoin price may take 3-12 months to finally break $20K
Bitcoin (BTC) has had four market cycles since its inception in 2009, from a bottom to a new peak. The cycles ranged from over 600 days to around 1,050 days. The most recent cycle has just surpassed 300 days, which suggests it could last 3-12 more months. If Bitcoin’s price remains stable for several months to potentially a year, it could achieve two things. First, it could strengthen the fundamental ground of the next explosive rally as seen between 2016 and 2017. Second, it could cause other cryptocurrencies, or altcoins,…
TRON Teams Up with Social Trading Giant HedgeTrade
With two companies joining forces, HedgeTrade’s traders will now be able to publish and monetize predictions for TRX trading pairs by creating the aforementioned Blueprints. TRON has announced a partnership with blockchain-based social trading platform HedgeTrade, giving TRON users a way to gauge market sentiment on TRX. The native currency of the TRON ecosystem will be integrated into Singapore-based HedgeTrade’s popular predictions platform, where traders post predictions into smart contract-powered Blueprints users can purchase and unlock. The TRX Blueprint The platform’s traders are incentivized by the prospect of earning HEDG tokens,…
On-Chain Analysis Suggests There Are Few Bitcoin Sellers Preventing a Rally
Bitcoin has seemingly entered no man’s land, with the price ping-ponging between $11,000 and $12,000. A top analyst has corroborated this sentiment, recently noting that neither his bull nor bear case has been confirmed. Chances are that this consolidation will resolve upward, though, according to a new analysis. This analysis suggests that there is little on-chain resistance stopping BTC from rallying to new local highs and beyond. Related Reading: Crypto Tidbits: MicroStrategy’s $250m Bitcoin Purchase, ETH DeFi Boom, BitMEX KYC Bitcoin Could Be Buoyed as Few Sellers Remain According to recent…
Uniswap and automated market makers, explained
Bugs, improper pricing and impermanent loss Despite some positive qualities, AMMs present certain risks and limitations. Hacks and vulnerabilities have already affected exchanges such as Uniswap and Balancer, where some liquidity providers saw their money stolen due to complex smart contract interactions. On the other hand, traders are exposing their strategy for the world to see, enabling front-runners to get their orders in first and exploit legitimate users. Related: Figuring Out Who’s to Blame for DeFi’s Persistent Security Issues Automated market makers also cannot exist without traditional order book exchanges…