Day: April 28, 2022

Cardano (ADA) Real Volume Suggests Downtrend Is Far From Over

Cardano (ADA) has been one of the worst-hit cryptocurrencies in the market. The digital asset which had seen a high of $3.10 now lives on past glory as it is now trading below the $1 mark. This has been going on for a while which has convinced some investors that the end of this onslaught is coming to an end. However, on-chain metrics suggest that this is far from the case and in fact, the downtrend is not close to ending anytime soon. On-Chain Metrics Are Bad One thing that…

Buenos Aires to accept crypto for tax payments, launch DLT-backed citizen profiles

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The capital of Argentina and an agglomeration with more than 12 million citizens, Buenos Aires will make blockchain a vital part of its digitalization drive. Specifically, the city will accept public financial transactions in crypto.  As the city mayor Horacio Rodríguez Larreta revealed in his Steve Jobs-styled presentation on April 25, the 12-step development plan titled “Buenos Aires +” envisions a significant increase in crypto and blockchain adoption. Con Buenos Aires + vamos a dar un paso más en el camino hacia un Estado facilitador que desburocratice y agilice los…

🟢BREAKING: Taxes on Crypto Latest Update | Cryptocurrency Bill India Latest Update | Crypto news

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Jaime Rogozinski: Why WallStreetBets Took Off

The man who founded WallStreetBets, Jaime Rogozinski, didn’t love trading stocks. At least not at first. In the mid-2000s, as a side hustle, Rogozinski could afford to plunk around $1,000 in shares of Google. It cost him a $30 commission to buy and a $30 commission to sell, meaning that fees gobbled up 6% of the trade. “I’m like, wow, this sucks,” says Rogozinski. “Clearly, it works if you have a ton of money but it doesn’t work if you have $1,000 bucks.” Source

STEPN GMT Remains Close to Record Highs, as GRT and CAKE Trade Higher – Market Updates Bitcoin News

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Following a short-lived move above $4.50 on Wednesday, GMT was once again higher, and traded up by over 20% in today’s session. GRT was another big gainer in Thursday’s session, as it moved to a multi-week high, whilst CAKE rebounded after recent losses. The Graph (GRT) Newly formed GMT was undoubtedly today’s top gainer, climbing by over 20%, however due to its infancy in the markets, there is not enough history to support a true technical view of its price movement. However, another token with similar initials also conjured up…

“DeFi is not decentralized at all,” says former Blockstream executive

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Samson Mow, former chief strategy officer at Blokstream and founder of JAN3, is convinced that most decentralized finance protocols can’t compete with Bitcoin when it comes to providing an effective monetary network because of their lack of decentralization.  As Mow pointed out, DeFi projects are governed by entities that can modify the protocol at will. “At the fundamental level, money should be immutable,” explained Mow. “If you can change it at will, then you’re no better than a fiat currency governed by the Fed.” Bitcoin’s decentralization makes it very difficult…