Where crypto meets modern finance.
In an Unchained interview today with Laura Shin, Kain Warwick, Founder of Synthetix, had an interesting answer about new features on the exchange. He described upcoming Synthetix futures products as being comparable to BitMEX leveraged perpetual swaps. “Essentially it (Synthetix) will be a decentralized BitMEX or Derebit or any futures exchange. You’ll be able to
Within the past few months, one company opened a bitcoin mining facility in Texas and another announced they were building one. People are confused because one of the biggest cost factors in mining is heat, which Texas has an excess of. Leo Zhang, Research Lead at Iterative Capital, an investment managing and cryptocurrency mining company
I am in my early 20s, bad at saving, have an average credit score and am about to begin paying off my debt from college. For a while, I didn’t really know what was in store for the future, so I didn’t care much about planning on it. Suddenly, I heard about DeFi and became
Creating a trading bot in Crypto is particularly difficult because most exchanges have proprietary API, meaning the programming is different for each. Mudrex created possibly the only product enabling non-programmers to into backtest and automating trades on exchanges like Coinbase, BitMEX, Binance and Deribit. With this app, no coding experience is needed. How does a
In a tweet today, Binance announced some user base statistics including that a whopping 21% of exchange participants use 125x leverage on average. Using leverage is essentially taking out a loan for a trade, meaning that users have 125 times their buying power. $100 in this case could scale to $12,500. The catch is that
The theme of Coinbase’s Winter 2019 Hackathon was “Bring DeFi to the World” which is kind of crazy considering they are one of the most centralized entities in crypto. Coinbase is a centralized exchange that abides by tight regulation and operates a centrally backed stablecoin, USDC, with Circle. The hacking continues on day two of
The Cash App card has many features such as discounts while shopping, direct deposits and instant transfers, but is there any way to spend that bit of profit your Bitcoin investment made? The answer is: “sort of.” Cash App puts American users closer to spending their Bitcoin at stores than any other onboarding platform or
BlockFi is a wealth management platform that allows people to earn interest on and borrow crypto assets. Today, BlockFi received a Money Transmitter License from the state of Washington, making them the only regulated crypto lending service in the area. There are tons of ways to lock up your crypto to earn interest in the decentralized
Cash App is one of the most accessible crypto on-ramps for American citizens, and many others throughout the world. Right now, as long as you are willing to give Cash App your personal information, they will allow you to purchase a significant amount of Bitcoin with reasonable fees. This has Ethereum enthusiasts wondering when they’ll
Yesterday, Matic, an Ethereum side-chain protocol, saw around a 80% decrease in price after about a month of upside. Afterwards, anonymous traders on crypto Twitter couldn’t help but express racism towards Indians due to the ethnicity of Matic’s leadership. Racist jokes towards Matic’s Indian leadership The most noticeable thread where users were stereotyping was on
Earlier today, the price of $MATIC dropped around 80% within 24 hours. People are now investigating as to why there was such a huge dump, and some think EtherScan records hold the answer. Samuel JJ Gosling, Founder of Validity Crypto, posted a link to the Matic Foundation’s records, where they sent around $10 million (calculated
Matic, a proof-of-stake based side chain network to Ethereum saw massive increases in price throughout the past month, then in 1 day, reverses all progress. People were under the impression that alt-season might once again have been in fruition with coins like RVN, FETCH and MATIC at least tripling in worth since November. Unfortunately for
Alex Gladstein, CSO of the Human Rights Foundation, posted a picture of the back of Blockchain: The Insights You Need from Harvard Business Review. The Harvard Business Review text was pretty dismissive of Bitcoin and clearly favored other blockchain uses. “While the world is transfixed by Bitcoin mania, your competitors are tuning out the noise and
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