GEX: Georgian Crypto Exchange Expands to Regional Markets

Place/Date: Georgia, Tbilisi – September 14th, 2020 at 6:45 pm UTC · 2 min read Contact: GEX, Source: GEX Tbilisi-based GEX.exchange announced its successful launch this summer as the highest liquidity exchange in Georgia. With consistently high daily trade volumes, GEX is now bringing in customers from neighboring countries, such as Armenia, Azerbaijan, and Turkey. GEX allows customers to buy or sell bitcoin and other cryptocurrencies locally via credit card and bank transfer or internationally via wire transfer. GEX customers can easily execute transactions with the click of a button…

Crypto markets ‘between a rock and a hard place,’ Peter Brandt says

Peter Brandt, long-time trader and CEO of proprietary trading firm Factor LLC, recently gave his thoughts on the current crypto market, describing the price action stuck between two difficult giants.  “Bitcoin and Ethereum — those really, for me, is where the game is played,” Brandt told Cointelegraph in a Sept. 9 interview when asked about his thoughts on Bitcoin for the days and months ahead. As the two largest market cap assets in the crypto space, BTC and ETH each hold a large following, with their actions indicative of market…

NFT market’s RARI token sees 100% gain after CoinFund investment

New York-based crypto investment firm CoinFund has made an undisclosed investment into the digital art-focused non-fungible token (NFT) marketplace, Rarible. According to a September 8 announcement from Rarible, funds from the pre-seed round will be used to develop a “community-governed” NFT marketplace. The Rarible platform launched earlier this year and began issuing its RARI governance token this week — with RARI doubling in price since trade commenced on Uniswap 24 hours ago. Rarible predicts that the NFT sector will see a 50% growth in capitalization to tag a $315 million…

Bitfinex Leads Investment Round in Lightning Network-based LN Markets

With support from big players in the industry, LN Markets can guarantee its customers top-notch trading capabilities. LN Markets, a trading platform that is built on top of the Lightning Network, has concluded a pre-seed funding round for an undisclosed amount led by crypto exchange Bitfinex among other investors. LN Markets leverages the Lightning Network hence solving issues on the scalability layer on top of Bitcoin, which enables instant and cost-efficient transactions. Win for Bitcoin, Bitfinex, LN Markets and Other Stakeholders With the ever-increasing gas fee every time there is…

Public companies, private markets, crypto offerings and you, Aug. 28–Sept. 4

Editor’s note It is a cruel twist of fate that during the first hiatus week in Law Decoded’s existence, the SEC put out long-awaited updates to accredited investor qualifications. Upon reading the news, your faithful and ever-vigilant policy editor put down his phone, cast a wistful eye upon the sun’s reflection dancing in the midground of the Atlantic Ocean. Bracing himself with a deep quaff of Corona, he thought ‘Not today.’ Before the sorrow of not being the one to bring the news to you could overwhelm him, he grabbed…

New DeFi alliance to connect Eastern and Western DeFi markets

Amid the ongoing craze around decentralized finance, or DeFi, a blockchain startup in China is launching a global DeFi initiative. Conflux Network, a permissionless blockchain startup, has launched a new DeFi-focused association focused on international cooperation of major industry players. Called “Open DeFi,” the new alliance aims to connect Eastern and Western DeFi markets, uniting China-based blockchain leaders and global DeFi startups to streamline cross-border market growth, sustainability and innovation.  According to a Sept. 3 announcement, the new alliance is supported by the Chinese government through the Shanghai Science and…

Binance’s Bitcoin ‘Bid-Ask Spreads’ Tighten as Cryptocurrency Markets Mature

Getting in and out of a large bitcoin trade on cryptocurrency exchanges like Binance or BitMEX isn’t costing as much as it used to. That might be a healthy sign that digital-asset markets are maturing.  At Binance, the world’s biggest cryptocurrency exchange by trading volume, the daily average spread between buy and sell orders on bitcoin futures for $10 million quote size declined to a record low of 0.25% on Monday, according to data provided by research firm Skew. The spread, which typically narrows as an exchange’s order book depth…

Is 2020’s “DeFi mania” the next evolution of financial markets?

Crypto eras are often defined by their yearly trends: the meteoric bull run of 2017, the crypto winter and ICO boom of 2018, and the resurgent crypto spring of 2019. Will 2020’s explosive DeFi growth usher in a new era of crypto? Join Shapeshift head of trading Clark Read and Hxro CEO Dan Gunsberg as they examine how the evolution of financial markets paved the way for the coming of decentralized finance. During the show, don’t forget to write any questions you might have in the chat. We’ll pick the…

Looks Like DeFi is Coming to Prediction Markets

PlotX seeks to create robust prediction markets for the burgeoning DeFi space by taking a slightly different approach than Augur and other similar projects. Its founder Ish Goel told Cointelegrpah that his company follows in Uniswap’s footsteps: What Uniswap did for exchanges, PlotX essentially is planning to do that with prediction markets. Unlike many of its competitors, PlotX generates markets automatically and focuses on short-term predictions instead of trying to cover all durations. For every trading pair that gets added to the platform, the algorithm automatically creates hourly trading pairs…