The funding rate for MATIC and AAVE is currently rewarding traders who are leveraged longs, but it might not last for long. Data shows that AAVE and Polygon (MATIC) traders are currently being paid up to 4.3% per week to long future contracts. In the crypto markets, traders are usually bullish, or at least the majority …
Continue reading “Negative funding rates incentivize traders to long Polygon (MATIC) and AAVE”
The Ethereum-based scaling solution recently appeared on the Mark Cuban Companies website, seemingly affirming his investment in the project. Billionaire investor Mark Cuban has thrown his weight behind Polygon, according to a new disclosure on one of his websites, offering further evidence that wealthy investors are tapping into the digital asset market despite the recent …
ETH ETH Price Index The Ethereum price has bounced from last week’s selling and is now aiming at the highs once more. The number two coin in the crypto market now has a market cap of $290 billion and hit another new record high last week even as Bitcoin struggled. The announcement of more institutional …
Continue reading “Ethereum Aims for the Highs Again, SOL Shines Bright, CELO, Apr. 26”
So what is DeFi exactly? Will this be just a passing trend or will ignite a “new revolution” in the global market? All will be revealed in the following article. So let’s dive in! What Exactly Is DeFi? DeFi stands for Decentralized Finance. This is the term used to refer to financial applications built on …
Continue reading “Things You Need to know About Decentralized Finance”
The popular U.S.-based cryptocurrency exchange Coinbase successfully ran its IPO last week, becoming one of the first crypto companies to do so. Its success means that other crypto exchanges could follow suit. Here are the stances of various exchanges. Coinbase Coinbase carried out its IPO on Wednesday, April 15. On that day the company’s Class …
Continue reading “Crypto Exchange IPOs: Will Coinbase’s Stock Market Listing Set a Trend?”
Between strict capital controls and regulations, Korea’s cryptocurrency industry is so closed off that Bitcoin commands a steep premium and DeFi is in its infancy. On a day in which Bitcoin crashed briefly to $30,000 in a rampant bear market, the leading cryptocurrency never got anywhere close to that on Korean exchanges. The so-called “kimchi …
Continue reading “Korea’s crypto market is among the strongest — and the strangest — in the world”
The best traders keep a sharp eye on an asset’s momentum. Here’s why the RSI and moving averages are the perfect indicators for this task. Technical analysis, the study of chart patterns, is a tool that helps traders increase their edge over others. This is done by keeping the trader on the right side of …
Continue reading “Here are 2 key price indicators every crypto trader should know”
White House officials are believed to be examining existing rules around cryptocurrencies and whether new restrictions are needed to protect investors from massive drawdowns like we saw last week. Officials within the Biden administration are reportedly studying “gaps” in cryptocurrency regulations following the latest bout of volatility in the market, sending a signal that new …
Continue reading “Biden administration is reportedly reviewing ‘gaps’ in crypto regulation”
Airtm is aiming to solve a myriad of financial challenges in Latin America tied to last-mile remittance, affordability and equitable access to the global banking system. Airtm, a Mexico City-based digital wallet and exchange operator, has received $15 million in funding from the Stellar Development Foundation, or SDF, as it seeks to expand financial services …
Continue reading “Stellar Development Foundation invests $15M in Mexico crypto exchange”
The year 2020 was a year of boom for industries adopting cryptocurrency payments, most especially Bitcoin. For instance, in the latter part of 2020, the renowned Payment system, Paypal made an announcement that it was going to incorporate Bitcoin into its array of products. Blockchain technology is steadily taking over various industries in the world, …
Continue reading “Eight Major Cryptocurrencies Accepted by Crypto Sportsbooks”
ETH Ethereum has continued its relentless charge with the coin blasting above the $3,600 level and then $4,000. As of Monday morning, ETH trades around the $4,188 level. ETH Price Index It’s no coincidence that Bitcoin has toiled this week as the coin came close to $60k but is not seeing the flows of early-2021. …
Continue reading “Ethereum and Litecoin Hit New Record Highs, ETC Plays Catch Up, SHIB, May. 10”
People buy Litecoins and Bitcoins not only for trading but for placing bets on the 22Bet sportsbook or traveling. Want to familiarize yourself with cryptocurrencies? Use these platforms. TradingView TradingView is one of the most popular platforms allowing traders to share their market forecasts and make accurate technical analysis. The main advantage of the service are …
Continue reading “The Eight Best Platforms for Cryptocurrency Users”
Although many people still do not know all the crypto market’s intricacies, most of us understand its basic concept. Most people know that it involves trading, like all the other currencies in the world, however, some aspects connected with Bitcoin and other cryptocurrencies make it look more like an investment or gambling. Here is what …
Continue reading “Is Trading Cryptocurrencies the Same as Online Gambling?”
After banning crypto payments back in 2017, Indonesia is looking to allow payments in a digital rupiah currency. The Bank of Indonesia is one of the latest global central banks to announce state digital currency plans amid a major spike in the country’s digital payments. Governor Perry Warjiyo said Tuesday that Indonesia’s central bank is …
Continue reading “Bank of Indonesia joins central bank digital currency race”
Elon Musk, here we go again: It is not the first time his reckless tweeting has caused serious problems, but this time they’re for crypto. Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint …
