Day: February 23, 2023

Simple trading strategies with Cryptomom — Watch Market Talks live

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In this week’s episode of Market Talks, Cointelegraph welcomes Brenda Gentry, or as she’s known on Twitter, Cryptomom. Gentry has over 15 years of experience in traditional banking. She started researching and investing in cryptocurrencies during the 2020 lockdowns and made substantial returns in 2021 after which she launched Gentry Media Productions. She is currently on a mission to introduce more women and minorities to Web3, decentralized finance (DeFi) and nonfungible tokens (NFTs). We kick things off with a report from the Bank of International Settlements, which found that the median retail investor…

Blockchain DEXs Onchain and Camelot part ways over IFO spat

In a dispute that originated Feb. 22, decentralized exchanges (DEXs) Onchain Trade and Camelot terminated an agreement for the former’s initial fair offering (IFO), with both firms alleging that the opposing counterparty acted in bad faith. An IFO, whilst still an emerging concept, typically involves promises made by developers consisting of no venture capitalist involvement, no whitelist, no presale, and vast majority of income going to token holders, on top of a traditional initial coin offering.  As told by Onchain, developers began negotiations with Camelot for an IFO, for which…

Arbitrum’s Daily Transaction Count Surpasses Ethereum for the First Time Ever – Bitcoin News

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According to statistics recorded this week on Tuesday and Wednesday, the layer two scaling project Arbitrum’s transaction count has surpassed Ethereum’s. On Wednesday, Arbitrum processed 1,090,510 transactions, compared to Ethereum’s 1,080,839 transfer count. L2 Scaling Solution Arbitrum’s Daily Transfers Skyrocket Layer two (L2) scaling networks have become popular over the last two years as secondary chains allow users to transact faster and pay fewer fees. Thirty-nine days ago, in mid-January 2023, the combined daily transaction count from L2 networks Optimism and Arbitrum surpassed Ethereum’s daily transaction count. However, the transaction…

‘Stupid money’ Ethereum investor loses over $2M in six months — 3 lessons to learn

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An anonymous Ethereum investor has lost more than $2 million trading Ether (ETH) since Sep. 9, 2022, on-chain data shows. Buying Ethereum high, selling low Spotted by on-chain monitoring resource Lookonchain, the “stupid money” trader spent $12.5 million in stablecoins to buy 7,135 ETH after it rallied 10% to $1,790 in September 2022. But a subsequent correction forced the trader to sell the entire stash for $10.51 million.  Ethereum investor’s transaction history from September 2022. Source: Lookonchain As a result, the trader lost nearly $1.75 million. Interestingly, waiting and selling…

How to teach cryptocurrency to your children

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Teaching cryptocurrency to children can be a great way to introduce them to the world of finance and technology. Here are some interactive ways one can utilize to teach cryptocurrency to children: Start with the basics and use analogies Start by defining and describing the nature of money. Inform your kids about the various types of money and the function of banks. It is also important to teach them the origin of money and how it got involved, from paper money to digital money. Related: What is cryptocurrency? A beginner’s guide to…

Grab Records Impressive Performance in Q4 2022 as It Revamps Expectation

With its impressive performance for both the fourth quarter and the full fiscal year, Grab has shared a positive projection for the current quarter and for 2023. Singapore-based ride-hailing and food delivery service provider, Grab Holdings Ltd (NASDAQ: GRAB) has seen an uptick in its shares in the pre-market as it unveils a better-than-expected Q4 revenue. While the firm’s stock is currently pegged at $3.63 atop a 3.71% growth, it recorded an upsurge as high as 6% hours earlier. The company, which has maintained dominance as the biggest food delivery…

Galaxy Digital Completes $44M Acquisition of Celsius Self-Custody Asset GK8

Following the GK8 acquisition, Galaxy Digital plans to integrate the service with its GalaxyOne prime brokerage platform.  According to reports, Galaxy Digital has completed the $44 million acquisition of GK8, an institutional self-custody platform. The GK8 acquisition comes more than two months after Galaxy Digital secured the rights to buy the then-Celsius asset. Following the acquisition, GK8 solutions would still be accessible to the market. However, Galaxy Digital plans to integrate the self-custody platform’s tech with its own incoming prime brokerage platform, GalaxyOne. Potential Benefits of Galaxy Digital GK8 Acquisition By building…