One of the main questions on people’s minds these days is how high can the price of Bitcoin go.
Which factors should we take into account?
There are news events that get people excited about the future of Bitcoin.
On October 9, 2020, Square announced that they had purchased 4,709 Bitcoins for $50 million, which is about 1% of their total assets.
On October 21, 2020, PayPal announced that they launched a service enabling their 300 million users to buy, hold, and sell cryptocurrencies. …
The past two presidential elections have been some of the most divisive elections in US history. The country is split almost in half between Republicans and Democrats. So there is serious tension when a winner is declared by the Associated Press, which has accurately called the presidential election since 1848.
Trump’s campaign spent $3 million for a manual recount of the votes in Milwaukee and Dane County. The end result was an additional 87 votes for Joe Biden, thus increasing Biden’s lead in those two counties. …
It’s safe to say that American democracy is not doing so well. Accusations of voter fraud, a prevalent fear with incredible reach due to social media and more, are leading to both distrust in the current system and calls for the upheaval of democracy as we know it. Although “Political memes” aren’t all to blame, those in positions of power are also putting democracy to the test. While certainly unfounded, the voter fraud debate was, at least at some level, foreseeable. After all, 3 out of 5 Americans don’t believe our elections are legitimate, and on some level, they’re not…
Ethereum, the leader of altcoins, seems to have surpassed the definition itself. One aspect of Ethereum’s ecosystem is the ERC20 token standard, and it has shaped the crypto-world in unimaginable ways. With the ICO boom and now the DeFi craze, more and more ERC20 tokens are minted every day. But every year or so, there’s a new ERC token in town. It’s always rumored to be the token that usurps the ERC20, and it always fails to do so. Time and time again, ERC20 outperforms other token standards in scalability, interoperability, simplicity of formulation, and ease of deployment.
They’ve been talking about Ethereum 2.0 for so long that we started to think they were pulling our leg!
But with the rise of Proof-of-Stake and DeFi, it’s finally here — or at the very least on the horizon. Joseph Lubin, co-founder of Ethereum and founder of Consensys, said this on the Baseline Protocol YouTube channel of the highly anticipated launch:
“Ethereum 2.0 is coming. We are now in the middle of what we believe to be the final testnet. We had many smooth operations on the testnet among a lot of Ethereum 2.0 clients built by different teams.”
The 2020 twitter bitcoin hack or “Bit-Con” was a scary example of what a lack of cybersecurity can do. Lawmakers, who are by and large not big fans of cryptocurrency, blame Twitter for the hiccup. (Although, that isn’t surprising when you consider Washington’s antagonistic relationship with Twitter as of late.)
Regardless, it seems like every week, massive crypto exchange hacks are happening. Okay, maybe not every week. Though 2019 witnessed a record 12 crypto exchange hacks, some three times in the same month. Unfortunately, as a result, $292,665,886 worth of digital assets and 510,000 user logins were stolen this year.
Decentralized finance (DeFi) has proven to be a major player in cryptocurrency, especially as of late. With projects like UniSwap, Compound, and MakerDao, decentralized finance has established itself as more than the surface-level ICO disaster of 2017––whose focus was token sales and crowdfunding rather than genuine, altruistic innovation.
DeFi has a lot going for it, there’s no denying that. Lending protocols, swapping capabilities, autonomous transactions, all through the execution of a permissionless smart contract. …
Is it a bubble? Is it a revolutionary solution to age-old problems? Is it a bunch of Ponzi schemes teaming up to scam the good folk of the crypto industry? We’re here to (hopefully) answer those questions and maybe delve into why crypto treats DeFi with scrutiny equivalent to that of the ICO craze. We’ll also try to explain why ICOs and DeFi are correlated, and why ultimately, the comparisons aren’t fair to the complex nature of decentralized finance.
Don’t believe the non-believers, there is a reason DeFi is trending right now. Of course, some of the more popular projects you’ve probably heard about are a tad overblown, but we won’t go into that (yet).
The fact is, people are excited about DeFi because of the resourcefulness, and most of all, the innovative solutions to long standing problems in both traditional finance and cryptocurrency. It seems like each new project takes it one step further, solving age-old problems with new solutions. Of course, one reason for its popularity is that any average user has the ability to make a…
Market makers and liquidity providers offer essentially the same service — which is, you guessed it, liquidity. Liquidity itself is a multi-faceted concept but is nonetheless essential to the strength of a financial market.
Liquidity boils down to volume on an exchange. If there is enough volume to fill orders quickly and at an asset’s intrinsic market price, then that venue has high liquidity. Generally, this equals a flourishing market with a healthy amount of buyers and sellers available to purchase or sell assets, whenever.
Exchanges without a lot of liquidity (also called illiquid markets) make it difficult to purchase…
Stake Swan tokens. Earn 20% interest per year. Celebrate.