Illiquid supply 'going up relentlessly' — 5 things to watch in Bitcoin this week
It may have dropped to six-month lows, but Bitcoin is still the subject of an increasing supply squeeze.
It may have dropped to six-month lows, but Bitcoin is still the subject of an increasing supply squeeze.
It's just fascinating that this sub, an actual sub that should support crypto, is always putting in the biggest bearish sentiment and FUD. Anytime the prices go down everyone here panics and starts their "I told you so". And put in targets of 10k. This sub is actually the place the most pessimistic about crypto…
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Hey folks, me and my team just came out finalist at NFT Hack 2022 (organized by Eth global) with the project Duomint. With Duomint you can easily onboard your friends to the web3 space and get rewarded with cool NFTs. Right now we are trying to understand more deeply how the onboarding dynamics works, such…
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Pavel Durov, founder of the messaging app Telegram, has criticized Bank of Russia’s proposal to impose a blanket ban on a range of crypto-related activities. Such move would stifle high-tech development and chase away blockchain specialists, Durov says. Durov Speaks Out Against Bank of Russia Push for Crypto Ban The cryptocurrency ban proposed by the […]
In a world where money is power, power is centralized in the hands of those who control money. Dependent on them, the people of the world suffer, slowly watching their financial opportunities vanish. If individuals are to determine their own financial futures – and thus their lives – power must be decentralized and returned to them. Failures of Fintech and Traditional Finance In a panic to uphold their economies, world governments printed tens of trillions of dollars during the COVID-19 pandemic, consequently diluting the buying power of citizens globally. Now, inflation is on the rise – 6.8% in the United States, 4.48% in India, and 3.8% in the UK. World governments have made it very clear that they can print as much money as they like, regardless of the cost. People are tired of their fates being dependent on the state’s policies – money printing, bank bailouts, trade wars, and business subsidies – policies that rob them of financial opportunities. Fintech does as much to reduce access to financial services as it does to increase it. Inhumane automated systems determine insurance rates, big players on Wall Street manipulate the markets, financial institutions harvest people for their data, and governments take a piece of every dollar that citizens earn before they’re even paid. But that’s only for those lucky enough to have access to financial services in the first place. While bank accounts and loans are common in Western countries, many people have no financial access at all. To the unbanked, college loans, homeownership, insurance coverage, investing opportunities, and stable pay are all unfamiliar privileges. A New Financial System DeFi stands for Decentralized Finance, a new type of financial system in which individuals use cryptocurrency technologies to provide financial services to each other, without the need for centralized authorities or middlemen (like banks and escrow services). DeFi is powered by blockchains, decentralized records of transactions; smart contracts, bits of software that run on decentralized computers and enforce agreements in cyberspace. Together, blockchains and smart contracts enable trustless financial cooperation, in which all financial agreements are automatically enforced. This eliminated the need for banks, credit agencies, loan officers, and escrow accounts. Blockchain and smart contracts replace them all, removing middlemen, making finance more efficient, and lowering barriers to entry. Because DeFi is decentralized, nobody can prevent others from joining. Anybody can visit a DeFi platform in their browser and instantly gain access to cryptocurrency trading, Peer-to-Peer loans, and high-yield saving programs. Here are some additional benefits of DeFi: The unbanked can use DeFi to bank themselves. DeFi allows individuals to earn passive income by providing services to others. There are no credit scores, meaning that all people have equal access. Growing DeFi ecosystems themselves act as major investment opportunities. So then, why hasn’t DeFi caught on? The truth is that DeFi is new, and some of the kinks are yet to be worked out. While the engineering behind DeFi platforms is safe and secure, most are difficult to understand and use. This is where DeFiChain, a people-oriented DeFi platform, can help. DeFiChain believes in empowering individuals and understands the needs of users. This pushes them to create fast, intelligent and transparent decentralized financial services that are accessible to everyone. Let’s look at a few things they’re working on that make DeFi easy: A secure platform built on Bitcoins principles A thorough learning platform with easy-to-understand DeFi guides and educational videos. A fully-fledged mobile app that can be used to exchange tokens and liquidity mine for up to 200%+ APR rewards. An innovative platform for users to mint stock-based tokens, providing users with exposure to securities. Little Victories of DeFi While it hasn’t hit mass adoption quite yet, DeFi is making waves and generating buzz. Brands like Adidas, Coca-Cola, and several others entered the DeFi NFT space. Bitcoin ETFs have seen a few successful launches around the world. Homes are selling through the blockchain. Sports teams score sponsorships from cryptocurrency projects. And El Salvador adopted Blockchain as legal tender. DeFi victories pop up everywhere, and the world slowly becomes a freer place.
Hi, I'm currently trying to send some coins to an address and manually entered in the Gas price and Gas limit to make the transaction go faster (of course I paid more eth). Is there a Gas price/limit calculator where I can put in the correct values so the blockchain can recognize my transaction? Thanks…
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submitted by /u/cdnkevin [link] [comments]
Hi all, I am trying to understand liquidity a lot more these days for the sake of being able to find undervalued coins on my own and really what I'm trying to find out is what constitutes as a good amount of liquidity. For starters, I use ETC and BTC as benchmarks because obviously they…
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Telegram CEO Pavel Durov wrote that the proposed ban on crypto would “destroy a number of sectors of the high-tech economy” in a recent post on his massaging platform.
Mercadolibre, one of the biggest Latam-based unicorns, has announced strategic investments in two cryptocurrency exchanges: Paxos and Mercado Bitcoin. With these investments, the platform gets closer to cryptocurrency, having already bought bitcoin as a direct investment for its treasury, and offering the possibility of investing in crypto for its users in several countries in Latam. […]