“If you look at financial structures in history, everything worked out because of collaboration.” Jack Lu, 23, was struck by the idea for his new DeFi platform Bounce while working on his thesis on game theory and cryptocurrency at Reed College in California. “It took me quite a long time to think of it,” Lu […]
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His doom and gloom comments continue to roll in for global currencies. Using the analogy of a Hi/Lo poker game — a variety of poker which crowns the highest and lowest hands as victors — broadcaster Max Keiser explained citizens will ultimately lose when it comes to holding government-issued currencies. “Unless you’re a country, that […]
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There ain’t no such thing as a free lunch, however. Bancor is updating its protocol once more to defeat the insidious issue of impermanent loss, which it earlier called “DeFi’s dirty little secret.” Impermanent loss, also called divergence loss, affects exchanges based on automated market makers like Bancor or Uniswap. It happens when the prices of […]
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Decentralized community governance isn’t always so decentralized. This week, one bit of news really grabbed my attention: Dharma getting criticized for allegedly trying to capture Uniswap governance. Dharma is the company behind a crypto payments and exchange app, a sort of Ethereum-based cousin of Square’s Cash App. Or at least that’s what I previously used […]
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Lawyers argued the complaint was “based on a man in Wisconsin using an exchange in Singapore to purchase tokens issued by a Swiss entity.” The legal team for a crypto firm facing possible securities law violations is asking for the case to be dismissed on geographical grounds. According to court records filed Oct. 13 in […]
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Bitcoin and most major altcoins are sustaining above their immediate support levels, increasing the possibility that the uptrend will resume. The bond yields across most developed economies have dropped sharply since the central banks unleashed a slew of measures to counter the economic crisis caused by the COVID-19 pandemic. This could pose a challenge to […]
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Bitcoin’s strength above the $11,500 multi-year resistance is also pulling many altcoin prices higher. U.S. equity markets are nearing all-time highs on the hopes that Democrats and Republican will break their current stalemate and strike a deal to release another round of stimulus for American citizens and the small businesses they operate. While these monetary […]
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Losses due to crypto scams are on the rise in Belgium. Belgium’s financial watchdog has reported scammers stole up to $12 million from investor in the country using fraudulent ads. In an Oct. 5 warning from the Financial Services and Markets Authority (FSMA), the watchdog estimated that investors in Belgium had lost at least 10 […]
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Bitcoin price could achieve a new 2020 high if bulls hold the price above the key multi-year resistance at $11.5K. In the past three years the U.S. Securities and Exchange Commission has shot down several applications for a Bitcoin (BTC) exchange-traded fund. This dashed hopes of many investors who believed Bitcoin price would rally higher […]
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Bitcoin and select altcoins have broken out of their bullish setups, hinting that further upside could occur through the weekend. Payments giant, Square, has become the second listed company after MicroStrategy to buy Bitcoin (BTC). Although Square’s purchase of 4,709 Bitcoin is much smaller than MicroStrategy’s haul of 38,250 Bitcoin, many investors feel that this […]
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