Crypto Currency Markets Google Play integrates Bitcoin payments as BTC marches to new all-time high |
- Google Play integrates Bitcoin payments as BTC marches to new all-time high
- Coinbase to launch NFT marketplace - are they taking on OpenSea?
- Crypto as an Option to Pay for an Airline Ticket in Venezuela
- Bullish signals for Adult Cryptos, Onlyfans is no longer the leader in the adult content atmosphere.
- Bitcoin Reaches $57,500| Venezuela’s Airport to Accept Bitcoin| Bitcoin News
- Crypto as an Option to Pay for an Airline Ticket in Venezuela
- SHIB has been a top gainer for 7 days in a row
- Coinbase is entering the NFT world and will launch its NFT platform soon | Bitcoin News 13/10/21
- Russia is not Going to Follow the Footsteps of China
- Coinbase Joining the NFT World, Soon to Launch its NFT Platform
- Russia is not Going to Follow the Footsteps of China
- Crypto Price Alerts for Traders -- cryptosight.com
- NFT ticketing - an introduction to GET
- Bitcoin Reaches $57,500| Venezuela’s Airport to Accept Bitcoin| Bitcoin News
- TikTok's first NFT auction, for Curtis Roach's 'Bored in the House', has started. Running on Ethereum L2 platform ImmutableX
- Polygon, BSC, Ethereum Nodes API for dApps: Next Big Thing?
- Crypto101/DeFi101: Why DeFi Is More Than A Ponzi Scam
- Cardano Is In Accumulation Phase Right Now! ADA Will Explode!
- EVERGRANDE’S SAGA IS A WAKE UP CALL FOR INVESTORS TO CONSIDER DECENTRALIZED MARKETS
- Nigerian Vice President Says Current Naira Exchange Rate ‘Artificially Low’
- Analysis of Top 100 Cryptocurrencies (12 Oct 2021)
- UniSync: a port of Uniswap V2 on the zkEVM
- Nigerian Vice President Says Current Naira Exchange Rate ‘Artificially Low’
- Sifchain is Another Up and Comer - But How Are APYs so High?
Google Play integrates Bitcoin payments as BTC marches to new all-time high Posted: 12 Oct 2021 09:13 AM PDT | ||
Coinbase to launch NFT marketplace - are they taking on OpenSea? Posted: 12 Oct 2021 10:46 AM PDT
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Crypto as an Option to Pay for an Airline Ticket in Venezuela Posted: 12 Oct 2021 08:56 AM PDT
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Bullish signals for Adult Cryptos, Onlyfans is no longer the leader in the adult content atmosphere. Posted: 12 Oct 2021 10:17 AM PDT
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Bitcoin Reaches $57,500| Venezuela’s Airport to Accept Bitcoin| Bitcoin News Posted: 12 Oct 2021 10:33 AM PDT
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Crypto as an Option to Pay for an Airline Ticket in Venezuela Posted: 12 Oct 2021 08:43 AM PDT
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SHIB has been a top gainer for 7 days in a row Posted: 12 Oct 2021 11:52 AM PDT
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Coinbase is entering the NFT world and will launch its NFT platform soon | Bitcoin News 13/10/21 Posted: 12 Oct 2021 09:53 PM PDT
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Russia is not Going to Follow the Footsteps of China Posted: 12 Oct 2021 09:51 PM PDT
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Coinbase Joining the NFT World, Soon to Launch its NFT Platform Posted: 12 Oct 2021 11:56 AM PDT
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Russia is not Going to Follow the Footsteps of China Posted: 12 Oct 2021 09:33 PM PDT
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Crypto Price Alerts for Traders -- cryptosight.com Posted: 12 Oct 2021 11:24 AM PDT Built a real-time crypto price alert site for crypto traders and developers. You can customize alerts based on Exchange price, Trade quantity, Liquidation, Funding rate, Open interest, new listing, and Technical Analysis. Once your alert condition is reached, you can receive notifications via Popup, Email, Telegram, Web push notification, and Webhook callback. If you are a developer, try REST API and WebSocket to get real-time data to supercharge your bot or app. The site is still under development and needs a lot of work. I will be adding more new features in upcoming updates. If you have any questions or feedback, please let me know. Technical Analysis
High Low Alert
Condition Alert
Exchange Alert
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NFT ticketing - an introduction to GET Posted: 12 Oct 2021 12:09 AM PDT
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Bitcoin Reaches $57,500| Venezuela’s Airport to Accept Bitcoin| Bitcoin News Posted: 12 Oct 2021 10:56 AM PDT
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Posted: 12 Oct 2021 08:30 PM PDT | ||
Polygon, BSC, Ethereum Nodes API for dApps: Next Big Thing? Posted: 12 Oct 2021 07:58 AM PDT
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Crypto101/DeFi101: Why DeFi Is More Than A Ponzi Scam Posted: 12 Oct 2021 04:22 PM PDT We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile) TLDR: DeFi is still in its early stages and it is still risky. There are scams here and there. But we should not use a few black sheep to define the space as a ponzi scam. DeFi will develop further in the future with better testing. And it is clear that its potential will develop very quickly later. DeFi is innovating fast. We should analyse and exploit the strengths. Scam projects will still emerge. Our continuous education and knowledge will help reduce that. Get smart: DeFi is not exactly a Ponzi Scam, it is still evolving and will have limitations in it. Get smarter: The growth potential of DeFi is huge, we see the traditional financial system, the governance system is very ineffective. Thing resources are under-utilised and expensive. DeFi is trying this problem and if it succeeds it will be revolutionary. General ConclusionSome people claim that DeFi is a scam ponzi because there are a lot of pumps and dumps. Everything on Twitter is shilling all kinds of different projects. Now there are a lot of risks involved, and the projects are not fully audited. So a lot of people are wondering this is a ponzi scam of part of the innovation cycle. In this article, we will tell why DeFi is more than just a ponzi scam. We cover 3 things today:
When talking about DeFi here, we are referring to the general ecosystem and not a single project, because the ecosystem is doing quite well in general. Sure, there are some systems around the world with plenty of scams. This includes traditional financial market. But you cannot discredit the entire system because of a few black sheep. DeFi is a new system and industry. There will be a few scams coming out but you cannot define this for the entire ecosystem, which is doing a lot of good and interesting things. DeFi and PonziIf you google the keyword "DeFi and Ponzi", you can see a lot of articles saying that DeFi is like Ponzi, just another name called, DeFi is basically ICO 2.0 where people are pumping and dumping, whale manipulation, etc. What it feels like: Everything is just memes and a joke. Is this even serious? Why do I have to join? How is this legal and how can people make money? Projects with 100% APY; where does the money come from and why is it valuable? People just swapping or trading tokens together, but it was in a circle, a pyramid scheme. What it actually is: Liquidity Mining (Synthetix) and Yield Farming (Compound) are ways to bootstrap growth and to reward a decentralised community to take ownership of the protocol. High rewards for risk takers in the early days is rationally sound. And when payout for the risk takers happen all at once, it feels like the APY is insanely high. Why DeFi is not Ponzi1. Grow the Pie Answer the above question briefly: this is not necessarily true. If you look at the distribution of the entire economic value as a pie, a ponzi scam is where you are extracting value every time someone is coming in. This means that the pie doesn't change much, you give your money to someone else to receive new tokens. DeFi is like the pie, that keeps growing. There are many projects/protocols under construction, such as lending protocol, Dex protocol, portfolio asset management protocol, etc. They're in beta testing in this early stage and they do not try to capitalise on the entire financial market which is a big field. Each DeFI tries to do well with a specific purpose, they are like small lego blocks, combined together to create various different products. This is composability, the protocols can interact with each other and make the pie grows. Just like in order to make a delicious pie, we have to add more kinds of fillings. This is why it is so interesting and exciting. On the protocol side, the protocols with all these little ecosystems and applications whose own community can grow by interacting together. With the platform which is pretty neutral because they are technology, the added value from connecting buyers and sellers. If we look at economics, this is supply and demand, and they only make sense when there is equilibrium and interacting together. The protocols/applications are trying to build to the playing field, from which suppliers and buyers can come to interact with each other. The more interactions, the more economic value added is created and the pie keeps growing. 2. Experimenting with New Business Models According to the economics perspective, if you observe the previous business models, it is usually one-sided. Going back to the above example, if I make a cake, you go to a bakery and buy it, there is nothing more I can do like asking a few people to try a new or similar flavour. Supply and demand are still very dependent. However, when we look back about 10 years ago, a new business model emerged called the platform. We have Amazon, AirBnb, Uber, etc. which provide the technology to connect the two sides of the ecosystem together to transact. This creates a lot of economic value. Suppose I am an economist, the question is: how to quantify the economic value created? We can then calculate metrics like GDP, because it represents the growth of a platform. With these values, you can calculate the value-added with all of these transaction fees. But there is a lot of intangible value being created in the ecosystem, which is connecting two sides of the platforms together for easier interaction. By reducing transaction costs, it increases economic value. This is what an economist observes and we are working on it. Specialities focus on the digital economy and how to compute them. I realised that what we are doing with native tokens is considering how valuable they are to the ecosystem. Tokens can have a lot of utility and represent value. More specifically, these tokens are representing the value of some ecosystem. That way, we are assigning a monetary policy value to the economies that the system is creating. And we can calculate metrics, like GDP. All of the above gets interesting. 3. New P2P Incentive Models We are developing new p2p incentive models. One thing about decentralised finance as a whole is the complete elimination of middlemen. Instead of centralised power in one person/place, they are distributed equally to everyone. Now, we have more money to be distributed, instead of sending them to intermediaries. In traditional finance, for example, a public initially listed on a stock exchange must go through banks and pay them an expensive fee, but these are eliminated in decentralised finance, where those companies can list their tokens on dexes, provide liquidity, and lots of other incentives. This is very interesting. We are phasing out intermediaries that are stealing a lot of money. But the bad thing is we have a lot of money not distributed: how do we allocate them? How do we reward the right types of people? I would say that these will keep moving forward because we realise that capitalism does not work so much anymore and is not going to be sustainable in the long-term. That makes us look forward to new paradigms of capitalism, like social capitalism kind of thing. We need to have lots of new p2p incentive models and the best place to test is DeFi which has liquidity farming, yield farming, etc. For these interesting mining and incentive mechanisms, we are trying to try many different incentive mechanisms and create many interesting future mechanisms. Future of DeFiThere are two things that we see in DeFi's future:
ConcludeHere is a quick summary of the Ponzi Scam and DeFi and I would say that not all DeFi platforms are Ponzi Scam. One of them could be a scam and you need to check it out carefully. For non-scam projects, they are fun experiences. We need to learn to understand how it works and explore what kind of experiments capital allocation and governance system that could be. Honestly, I am going to tell you that there is so much economics literature out there, talking about the technical and the academic aspects of all these experiments, but we never really had a chance to explore them. There are a lot of interesting monetary policy mechanisms in academic papers, but we don't really use them. We have a lot of dynamic variables in DeFi space and we can test these experiences. In fact, in the economics space, a lot of people are experimenting with many different theories on DeFi and if it works which will lead to a huge change and bring DeFi even more powerful. Their users also become part of DeFi's future development. An example of a testnet is the experiments of crypto and crypto itself is the experiments of the off-chain world. This is super fascinating and now one of the best times to be. [link] [comments] | ||
Cardano Is In Accumulation Phase Right Now! ADA Will Explode! Posted: 12 Oct 2021 01:56 AM PDT
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EVERGRANDE’S SAGA IS A WAKE UP CALL FOR INVESTORS TO CONSIDER DECENTRALIZED MARKETS Posted: 12 Oct 2021 07:55 AM PDT | ||
Nigerian Vice President Says Current Naira Exchange Rate ‘Artificially Low’ Posted: 12 Oct 2021 08:26 AM PDT
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Analysis of Top 100 Cryptocurrencies (12 Oct 2021) Posted: 12 Oct 2021 09:56 AM PDT
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UniSync: a port of Uniswap V2 on the zkEVM Posted: 12 Oct 2021 07:39 PM PDT
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Nigerian Vice President Says Current Naira Exchange Rate ‘Artificially Low’ Posted: 12 Oct 2021 08:18 AM PDT
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Sifchain is Another Up and Comer - But How Are APYs so High? Posted: 12 Oct 2021 01:36 AM PDT One protocol I haven't really been watching till recently is Sifchain.Sifchain is one of the easiest and most seamless ways to transfer crypto from one EVM chain to another, or from Cosmos to Ethereum and vice versa. No one else can do this yet! And it's super easy to use too, relatively. But they are offering something around 800% APY to 5000% APY from what I've seen...how is that possible? Definitely going to start staking now that their rewards are online. (Learn more here: https://twitter.com/Sifchain/status/1441942487036137473?s=20 ) The rewards are good and definitely more stable, imo. But does anyone have insights to why pooling provides such amazing APYs with them? [link] [comments] |
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