Category: Cryptocurrency News

Optimism is still rampant despite intraday losses accelerating on BTC/USD, which is targeting giant buyer support at $36,000.

Binance Pay users will be able to pay across merchants of Alchemy Pay’s partners, including e-commerce giant Shopify and software technology firm Arcadier.

On August 2, West Realm Shire Services Inc., the owner and operator of FTX.US, revealed the company has partnered with film and television production company Dolphin Entertainment. According to the announcement, FTX and Dolphin will be launching a non-fungible token (NFT) marketplace dedicated to sports and entertainment brands. Dolphin Entertainment Partners With FTX.US While non-fungible […]

According to CryptoQuant data, OTC trading volume yesterday was 99% and overall exchange volume was just 1%. This usually means some very big players are taking positions. Make of that what you will. This is happening at the same time exchange balances are at all-time lows. Fund flow ratio is the ratio of BTC trading…
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I've seen this headline thrown a lot in some crypto subs. The reality is much diferent however. The proponent of the bill is the right wing party (Partido Popular), and has the same chance of passing of Shiba hitting 1$. Unfortunately this proposal is being used as an attack to the party in power (PSOE)…
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Can't tell you how relieved I feel today. I guess only people who were in debt for a long time can relate to this! I had a long term loan running since last few years due to purchase of a car I couldn't afford at the time but could pay in installments. I am not…
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Synthetic assets are different DeFi platform tokens that digitally represent real-life derivatives like futures and options. They are created via smart contracts on a distributed and globally accessible blockchain network. Horizon Protocol Horizon Protocol is a DeFi platform for creating on-chain synthetic assets (zAssets) based on real-life financial assets. The protocol is a fork from the liquidity derivatives protocol, Synthetix. Therefore, instead of reinventing the wheel, Horizon improves the interoperability, scalability, speed, and affordability of on-chain derivatives trading. It introduces the trade of more derivative products on blockchains than the existing synthetic assets-based DeFi protocols. Horizon Protocol and other DeFi platforms Horizon Protocol is an improvement on the established DeFi synthetic asset-trading platform. First, it forks from Synthetix, thereby advancing on this existent liquidity derivative protocol. Second, it seeks to expand the current asset range with more options from the traditional finance market and NFTs from the crypto market through the partnership with Phoenix Oracles. In the future, it will expand the number of trading tools. It even aims to expand the trading options. Moreover, it is optimized with the Binance Smart Chain. Creation of zAssets at Horizon Exchange The utility token for the Horizon Protocol platform is HZN. It serves as the collateral for the trading of synthetic assets (zAssets). HZN holders receive incentives to stake in Horizon Protocol from transaction fees on Horizon Exchange being redirected to the reward pool for HZN stakers and the Horizon Protocol inflation policy that was designed to stimulate growth in the early stages of development. On Horizon Exchange, zAssets are assigned a value based on the real-world asset’s price received by an oracle. Horizon protocol uses Phoenix Oracle, Chainlink and Band that links real-world financial and crypto assets with Horizon Exchange. HZN holders provide collateral at a predefined collateralization ratio of 800% to safeguard against market volatility. Fluctuation in the HZN price will require the benefactor to reset their collateralization ratio by burning or creating more zAssets to reclaim their HZN. This collateralization ratio is subject to change based on community governance and further testing. Which synthetic assets will trade on Horizon Exchange? Horizon Exchange will offer trading tools like limit orders and stop losses. It will expand its functioning to options, leverage, and margin trading. The tradable zAssets on the Horizon Exchange include: Equities Shareholders hold the equity in a company. It is the value of the company’s total assets after deducting the total liabilities. Commodities These refer to the tradable raw products. Hard commodities include mostly natural resources like oil, while soft commodities refer to agricultural or livestock products like coffee. Market Indices Derivatives can be based on market indices like S&P 500. The value of such futures or options varies with the value of the underlying stock index. Corporate assets These refer to the financial assets of a business. Vehicles, equipment, and property are examples of corporate assets. Physical assets These are tangible assets of commercial and financial value. Equipment fitted in an apartment building, such as a fire fighting system, are physical assets. Crypto assets Short, long, and unique crypto assets from various blockchains can unite on the Binance Smart Chain via Horizon Protocol. Some unique versions slated to be in Horizon Protocol’s synthetic asset range are NFTs and fractionalized NFTs. In the future, the Horizon Protocol DAO will vote for assets they wish to see. Conclusion Synthetic asset-based trading without an intermediary is a tremendous achievement for DeFi. You can digitally trade in a highly secure environment based on asset price fluctuations in the global finance market. Horizon Exchange offers the ability to trade a host of synthetic assets ranging from real-world economy assets to synthetic crypto assets on the same platform. You can learn more about Horizon Protocol on Twitter and Telegram here.  

Aspen Digital aims for the Europe, Asia and Middle Eastern markets, leading the initiative by establishing headquarters in London and Singapore.

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