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Day: April 25, 2022
Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus – Exchanges Bitcoin News
Exmo, a U.K.-based crypto exchange with extensive presence in Eastern Europe, is pulling out of Russia, Belarus and Kazakhstan. The trading platform, Exmo.com, says it’s making the move to avoid jeopardizing its expansion in other regions by operating in high-risk markets like these. The business has been sold to a Russian vendor, alongside rights to the Exmo.me domain and branding. Crypto Exchange Exmo Transfers Russia Operations to Local Entity Major Eastern European exchange Exmo announced earlier this week it’s selling its digital asset business in Russia and Belarus. The company…
SeatlabNFT Announces IDO Starting 24th May 2022 – Press release Bitcoin News
press release PRESS RELEASE. SeatlabNFT has announced the date for their IDO, with full details available via their website. The 24th of May 2022 is the first opportunity people around the globe will have to invest in the innovative NFT ticketing platform’s native token $SEAT. SeatlabNFT is a revolutionary event ticketing platform built on the climate-neutral NEAR Protocol blockchain, designed to create an immersive, more connected experience for everyone involved in live events. Minting tickets as NFTs and leveraging the transparent, irrefutable ledger provided by the blockchain will eliminate fraud…
First Mover Asia: The Metaverse Is Subject to Earth’s Boring Old Rules
CryptoX – Cryptocurrency Analysis and News Portal GameFi adoption has been hitting obstacles worldwide, including China and Korea, because of laws about converting in-game tokens to currency; major cryptos drop. Source The post First Mover Asia: The Metaverse Is Subject to Earth’s Boring Old Rules appeared first on CryptoX. CryptoX Portal
What is impermanent loss and how to avoid it?
The difference between the LP tokens’ value and the underlying tokens’ theoretical value if they hadn’t been paired leads to IL. Let’s look at a hypothetical situation to see how impermanent/temporary loss occurs. Suppose a liquidity provider with 10 ETH wants to offer liquidity to a 50/50 ETH/USDT pool. They’ll need to deposit 10 ETH and 10,000 USDT in this scenario (assuming 1ETH = 1,000 USDT). If the pool they commit to has a total asset value of 100,000 USDT (50 ETH and 50,000 USDT), their share will be equivalent…