Day: March 6, 2023

Understanding the concept of Crypto trading – An ultimate guide for startups

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Over the past few years, there has been a notable increase in the inclusion of cryptocurrencies in the portfolios of financial institutions. Cryptocurrencies are the foremost digital assets to be incorporated into investment portfolios by asset managers. While they share some similarities with conventional assets, they possess unique characteristics that set them apart. The process of buying and selling cryptocurrencies with the goal of earning a profit is known as cryptocurrency trading. This practice can be defined by three key aspects: operating mode, object, and trading strategy. The mode of…

Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment

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The Frax community recently approved a proposal to make its FEI stablecoin fully backed by USD equivalents, rather than maintaining a partially backed and semi algorithmic stablecoin. With Frax’s decision, the days of experimentation with algorithmic stablecoins could finally be behind us. The decentralized stablecoin space has only proved effective with ETH, USDC and BTC backed stablecoins. The failure of algorithmic stablecoins (like UST) and depegging of overleveraged stablecoins (like MIM) has become one of the primary reasons for loss of confidence in decentralized stablecoins. The decentralized stablecoin space is…

Terawulf erects first nuclear bitcoin mine in USA

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To promote the use of clean energy in crypto, the bitcoin (BTC) mining company Terrawulf has put its name in the history books as one of the first builders of a nuclear-powered nuclear mining facility in the U.S. Terrawulf to use clean energy for mining operations Maryland-based zero-carbon bitcoin mining company, Terrawulf has launched its nuclear-powered bitcoin mining hub in Pennsylvania, USA. The mining facility called Nautilus is the first bitcoin mining facility in the country run on nuclear energy. First announced in 2021, the Nautilus Cryptomine facility currently houses…

GBTC Discount Narrows to 42% Ahead of Grayscale’s ETF Hearing Tuesday

Laurent Kssis, a crypto trading adviser at CEC Capital, said that with GBTC trading at such a discount it makes sense to hold some of the shares, however, traders must be brave if bitcoin’s price continues to slide. Kssis said that he is not hearing of investors buying more GBTC shares today ahead of tomorrow’s hearing, but he is seeing most investors hedging against a possible drop in bitcoin’s price. Source

Alvey Chain Introduces world’s first Next-Generation Virtual Reality Multiverse Exchange – Press release Bitcoin News

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press release PRESS RELEASE. London – Alvey Chain, a decentralized Layer 2 Blockchain built on Ethereum Chain, also a leading provider of blockchain technology solutions, is proud to announce the launch of its next-generation Virtual Reality Multiverse Exchange. The new platform offers a secure, reliable, and scalable solution for users. They can trade, open as many as 50 charts, use various indicators, manage their wallets all while having an immersive experience. The Alvey Chain platform is built on a highly scalable architecture that can handle thousands of transactions per second,…

Nigerians’ Rejection of Their CBDC Is a Cautionary Tale for Other Countries

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Elizabeth Warren Demands Answers From Binance CEO Changpeng Zhao Regarding Crypto Exchange Finances

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US Senator Elizabeth Warren is probing crypto exchange Binance and its American arm Binance.US over the companies’ finances and operations. In a new open letter addressed to Binance CEO Changpeng Zhao and Binance.US CEO Brian Shroder, Warren asks the two executives a series of questions, saying that retail investors deserve a “full, unobstructed view of relevant operations of the companies they entrust with their assets.” Says the letter, “Your companies’ apparent attempts at evading the enforcement of anti-money laundering laws, securities laws, information reporting requirements, and other financial regulations cast…