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dYdX Full Guide: A DeFi Margin DEX

Source Node: https://www.asiacryptotoday.com/dydx-guide/
Time Stamp: August 5, 2020 6:52 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

DeFi protocol dYdX might seem like another trading and lending platform based on Ethereum, but that’ only the tip of the iceberg. Probing further, you’ll find out that this protocol is challenging the status quo to take Decentralized Finance to new heights. Margin trading, derivatives, and options are the relevant tools that power traders use. Unfortunately, in the crypto space, these tools are mostly available only on centralized exchanges like Binance, Huobi, and Kraken. With dYdX, the entire traditional trading spectacle is now built in a permissionless and decentralized mechanism. Table

mStable DeFi Guide: Ultimate Stablecoin Solution

Source Node: https://www.asiacryptotoday.com/mstable/
Time Stamp: August 4, 2020 10:44 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

mStable is a newly launched DeFi protocol aimed at streamlining the application of stablecoins in a unified ecosystem it aims to create. There are many projects that seek to increase the adoption of cryptos by linking them to traditional financial systems. Stablecoins, for one, have been created to do just that. Using blockchain and smart contracts, the crypto community has devised a way to make digital asset representation of fiat currencies. But even behind the recent developments surrounding stablecoins, a concern still remains: the assets that back the number of

Weekend Market Action Signals DeFi-Driven Bull Market Has Arrived

Source Node: https://beincrypto.com/weekend-market-action-signals-defi-driven-bull-market-has-arrived/
Time Stamp: August 3, 2020 4:01 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

This weekend’s epic crypto market momentum has been a remnant of the volatile action witnessed in late 2017. Ethereum has been in the driver’s seat, but instead of the ICO-saturated market of yesteryear, DeFi platforms are now dominating the sector in 2020. Cryptocurrency markets have reached their highest levels this year in terms of total market capitalization. Trouncing February’s highs of $300 billion, the total market cap surged to $360 billion this past Sunday. The figure has yet to top the 2019 peak in mid-June when the total cap exceeded

Apple gained the same value on Friday as Bitcoin’s entire market cap

Source Node: https://cryptoslate.com/apple-gained-the-same-value-on-friday-as-bitcoins-entire-market-cap/
Time Stamp: August 1, 2020 9:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

While Bitcoin has rallied millions of percent since its launch in 2008, the asset remains relatively small on a macro scale. This much was made clear on Friday, Jul. 31, when the shares of Apple (AAPL) surged on the back of extremely strong revenue numbers.Apple stock surges 11% on Friday to gain more value than BTC’s market capAt a market capitalization of just over $200 billion, Bitcoin has reached a size where it is being noticed by Wall Street and Main Street alike. JPMorgan is now servicing cryptocurrency companies, blockchain is

Is Bitcoin Becoming A Safe Haven After All?

Source Node: https://medium.com/@thecryptoconsultant/is-bitcoin-becoming-a-safe-haven-after-all-1be6a61f1175?source=rss-------8-----------------cryptocurrency
Time Stamp: April 9, 2020 3:27 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Questions are raising, after central banks flood markets with rescue money.Central banks in the US and EU are putting together rescue packages to deal with the corona crisis that is currently infecting stock markets around the world with panic. While the measures largely fizzle out, Bitcoin is recovering without any help at all. Was it too early to write off Bitcoin as a lifeboat?Is the big wave still coming? (Photo by Jeremy Bishop on Unsplash)If you have already dealt with Bitcoin, you certainly know: the maximum number of Bitcoins is

Bitcoin Price Rallies Higher but Must Hit $8K to Start a Bull Market

Source Node: https://cointelegraph.com/news/bitcoin-price-rallies-higher-but-must-hit-8k-to-start-a-bull-market
Time Stamp: April 6, 2020 6:27 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin (BTC) closed the week up 15.4% at $6,775 and has started the day with a further 6% move to the upside, breaching the $7,000 handle and making highs at $7,300. Looking at performance relative to its peers, Ether (ETH) and EOS have posted an impressive 16% gain over the last 24 hours. As a result, Bitcoin dominance is down 1.5% at 65%.Crypto market daily price chart. Source: Coin360The total cryptocurrency market capitalization breached the $200 billion level, breaking from the diagonal resistance dating back to February when the total market

Ethereum Creator Picks Two Worst Bull and Bear BTC Predictions Ever Made

Source Node: https://cointelegraph.com/news/ethereum-creator-picks-two-worst-bull-and-bear-btc-predictions-ever-made
Time Stamp: April 6, 2020 3:59 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

As the world’s biggest cryptocurrency, Bitcoin (BTC) is highly volatile, once surging from $1,000 to $20,000 in the span of just over a year. The coin has become the subject of infinite price predictions. Both optimistic and negative, some of these predictions have turned out to be extremely inaccurate.Vitalik Buterin, the well-known co-creator of the Ethereum network and its native cryptocurrency Ether (ETH), highlighted the two worst Bitcoin price predictions ever made since the digital currency was introduced back in 2009.In an April 6 tweet, Buterin emphasized that price predictions

PlanB: Bitcoin Needs Only $200M Monthly to Stay Above $7k Level After Halving

Source Node: https://coinfomania.com/bitcoin-needs-only-200m-monthly-to-stay-above-7k/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-needs-only-200m-monthly-to-stay-above-7k
Time Stamp: April 6, 2020 9:43 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

100trillionusd, the anonymous creator of the Bitcoin stock-to-flow model has provided new evidence to support the popular opinion that the price of Bitcoin will surge in the months after its historic third halving that is now less than three weeks away. The latest research puts into perspective the amount of cash inflow that Bitcoin has needed to stay above the $7000 level since October 2017, the reward paid out to miners for verifying a block of transactions, and the total number of transactions added to the Bitcoin blockchain monthly. To

Pandemic Is Changing Bitcoin Usage in ‘Unexpected Ways,’ Says Chainalysis

Source Node: https://cointelegraph.com/news/pandemic-is-changing-bitcoin-usage-in-unexpected-ways-says-chainalysis
Time Stamp: April 2, 2020 6:05 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

Leading blockchain intelligence firm Chainalysis has found that the COVID-19 pandemic and global economic contraction is affecting Bitcoin (BTC) consumer habits in surprising ways.In a new report published on March 30, Chainalysis details how Bitcoin spending trends in three areas — merchant services, gambling and darknet marketplaces — have changed, or even reversed. Weakening correlation could be a boon for Bitcoin merchant services, says reportChainalysis reported that one such change in trend shows resilience among Bitcoin merchant services in the current economic crisis. For example, the firm’s data for Bitcoin spending using

A Crypto Venture Fund Bought the Most Tokens at MakerDAO’s Debt Auction

Source Node: https://cointelegraph.com/news/a-crypto-venture-fund-bought-the-most-tokens-at-makerdaos-debt-auction
Time Stamp: April 1, 2020 2:21 PM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

An auction to recapitalize MakerDAO (MKR) after the mid-March market turmoil successfully concluded on March 28, bringing in over $5 million worth of DAI. Crypto venture fund Paradigm Capital revealed in a March 31 tweet that it won approximately 68% of the auctioned tokens.The company had previously pledged to join a “backstop syndicate” and cover the entire system shortfall if necessary. Acting as a so-called “backstop,” the group would act as the buyer of last resort by purchasing the MKR tokens if their price fell to $100. (The auction’s starting