Archive for September 8th, 2020

Dave Portnoy shrugs off $700K stock loss, weeks after crying over $25k Bitcoin dump

September 8, 2020 | By | Reply | 12 Readers More
Dave Portnoy shrugs off $700K stock loss, weeks after crying over $25k Bitcoin dump

Dave Portnoy, Barstool Sports’ founder, admitted he lost $700,000 trading stocks on Sept. 8, expressing the importance of “strong hands.” “To steal a line from my crypto friends — you can’t have weak hands,” Portnoy said in a Sept. 8 Twitter video. “If you have weak hands, this game is not for you.”  Weak hands […]

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If You Can’t Stand the DeFi Heat

September 8, 2020 | By | Reply | 21 Readers More
If You Can’t Stand the DeFi Heat

Source: Adobe/IVASHstudio Jay Hao. Source: Twitter Jay Hao is the CEO of crypto exchange OKEx.__________ We saw a lot of action over the weekend in what played out as one of those adrenaline-packed high-drama movies the likes of which crypto hasn’t witnessed in recent times. We all watched on popcorn in hand as [decentralized finance] […]

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Data Shows Whales Are Loading Up On Bitcoin, But Why?

September 8, 2020 | By | Reply | 14 Readers More
Data Shows Whales Are Loading Up On Bitcoin, But Why?

Bitcoin price is falling and the market is already fearful of a repeat of Black Thursday. But if massive “high net worth” whales have anything to say about it, another such plummet is extremely improbable. Why? Because since that day, these same whales have amassed a substantial amount of the BTC supply. But what is […]

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Flash Loan Primer: Flash Loans for the Uninitiated

September 8, 2020 | By | Reply | 13 Readers More
Flash Loan Primer: Flash Loans for the Uninitiated

The concept of flash loans gained a lot of attention earlier this year, first with the bZx “attack” in February and then afterward with Aave protocol introducing flash loans as a specific feature on their platform. Many newcomers to DeFi read news articles about flash loans and understandably are curious and even eager to take […]

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What Is Yield Farming? DeFi’s Hottest Trend Explained

September 8, 2020 | By | Reply | 13 Readers More
What Is Yield Farming? DeFi’s Hottest Trend Explained

Yield farming is a popular topic in the DeFi space for some time now. We know you may have many questions regarding yield farming – What is it? Why is it generating so much buzz? Let’s start with a simple statistic. In 2020, the DeFi space is so far growing at a rate of 150% […]

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Balancing Security, Decentralization & Scalability in Blockchain

September 8, 2020 | By | Reply | 14 Readers More
Balancing Security, Decentralization & Scalability in Blockchain

Source: Adobe/Barry Sherbeck Marie Tatibouet is the Chief Marketing Officer at crypto exchange Gate.io. ______ It was a quantum leap for Bitcoin (BTC) when its block size got close to 1 MB in 2017. However, the BTC blockchain is still only allowed to tackle seven transactions per second, many times fewer than the actual demand. […]

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Crypto Art In Decline As Ethereum Gas Fees Skyrocket

September 8, 2020 | By | Reply | 13 Readers More
Crypto Art In Decline As Ethereum Gas Fees Skyrocket

In one of my previous articles with Cryptos.com, we talked about how Ethereum became a victim of its own success, mainly due to the excessive increase of gas fees used to promote various on-chain transactions, before concluding to the fact Crypto Art and NFTs, in general, are the biggest losers during such times and for […]

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Bullish Sign? Current Bitcoin Price Correction Is Typical Compared To 2017 Bull-Run

September 8, 2020 | By | Reply | 10 Readers More
Bullish Sign? Current Bitcoin Price Correction Is Typical Compared To 2017 Bull-Run

A popular cryptocurrency analyst pointed out that Bitcoin tested the 20-week moving average (MA) on its recent move down from $12,000 to $10,000. This could turn out to be a bullish sign for BTC, as identical price developments have pumped it higher during the last bull market in 2017. Bitcoin’s Recent Price Drops After dumping […]

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Why Asia is the Epicenter of Blockchain Growth

September 8, 2020 | By | Reply | 12 Readers More
Why Asia is the Epicenter of Blockchain Growth

In the last few years, the blockchain industry has shifted from being a rather niche market mostly comprised of experimental technologies and fledging protocols, to a multi-billion dollar industry full of fintech unicorns and novel platforms that promise to disrupt traditional finance and practically every other industry. Although many countries have been racing to position […]

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Centralized Exchanges Hurt as Chinese Investors Chase DeFi Gems

September 8, 2020 | By | Reply | 13 Readers More
Centralized Exchanges Hurt as Chinese Investors Chase DeFi Gems

According to a recent publication, Chinese investors are using a lot of the ETH they buy on centralized exchanges to pursue DeFi opportunities. This essentially reduces liquidity, and exchanges are forced to limit or even suspend withdrawals. DeFi Growth In China Causes Issues For Exchanges The DeFi craze exploded earlier this year. Projects began surfacing […]

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