Decentralized Finance - The Explosive Future of Cryptocurrency Investing
Decentralized Finance - The Explosive Future of Cryptocurrency Investing Crash or ☄ Clash?" - The emerging shift to DeFi Do Not Miss Mondays The females take control of the Cryptocurrency Convo. An all-woman take on the Crypto space. Bees.Social will be the go-to platform where all the up-and-coming companies will release their coins and we have a couple of launching quickly! As always if you have a Crypto Question we have Crypto Answers. https://bees.social/bees-social-for-beginners/ Subscribe to BEES.Social Youtube channel https://www.youtube.com/c/BeesSocialTV/ Watch Yield Farming Crypto Guide https://www.youtube.com/watch?v=FQw2QzEv0MY Watch Video Decentralized Finance - The Explosive Future of Cryptocurrency Investing was originally published here https://topnewsscoop.blogspot.com/2021/06/decentralized-finance-explosive-future.html Decentralized Finance - The Explosive Future of Cryptocurrency Investing was originally published here https://tracyslowik.blogspot.com/2021/06/decentralized-finance-explosive-future.html
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What Can You Do With Yield Farming?
Users can earn indigenous tokens from Protocols like yEarn and Compound after providing liquidity to the pools. When the pool has much less quantity, the incentive rate often tends to be greater and hence attracts a growing number of "farmers". Well what are liquidity pools?, there are many ways users can start farming new protocol tokens. The craze began with Compound when users could merely transform their USDT to cUSDT and then placed it on Balancer to support the Automatic Market Maker for traders. Nonetheless, in the past couple of months, protocols are innovating brand-new ways to make the most of yield for their users. What Is Yield Farming Crypto? Beginners HandbookBlunders during the learning process can also lead to substantial transaction fees, making liquidity mining ineffective or unlucrative. RedditGifts is a program that provides gift exchanges throughout the year. The fan-made RedditGifts website was produced in 2009 for a Secret Santa exchange amongst Reddit users, which has because DeFi yield farming guide become the world's largest and also set a Guinness World record. For the 2010 holiday season, 92 nations were associated with the secret Santa program. There were 17,543 participants, and also $662,907.60 was collectively invested in present acquisitions and delivery costs. For example, a 2014 research study showed how subreddits can sustain role-based group recommendations or provide analysis towards team security as well as growth. Another research stimulated a link in between cognitive and also interest characteristics and the usage of on-line social peer manufacturing platforms, including the results of deterioration of user efficiency. There is additionally work that researched impact of Reddit post on appeal of Wikipedia material. Read more about DeFi yield farming here. Uniswap incentivizes liquidity providers to down payment into its pools by paying rewards from transactions utilizing those pools. If you're already aware of the idea of betting as well as earning staking rewards, after that you'll enjoy to know that yield farming is more or less the very same thing.Is yield farming the same as staking?
Staking and yield farming are two entirely different worlds that have different goals and purposes. While yield farming focuses on gaining the highest yield possible, staking focuses on helping a blockchain network stay secure while earning rewards at the same time.
The information given here is for referral and informational purposes only. This information is not meant as financial advice and viewers understand that all dangers associated yield farming crypto guide with DeFi and also yield farming are handled by the user themselves. Money market platform Aave uses customers the ability to choose a stable rate of interest. What Can You Do With Yield Farming? was originally published here https://tracyslowik.blogspot.com/2021/05/what-can-you-do-with-yield-farming.html
Guide to DeFi Yield Farming
Guide to DeFi Yield Farming What is yield farming crypto? Vince Wicker from the BEES.Social crypto community lays it out in simple terms how decentralized finance works, the reason for liquidity pools and liquidity providers, and finally how yield farmers earn money. To join our cryptocurrency community go to https://BEES.Social and sign up daily news and updates. Exactly How Popular Is Yield Farming Crypto? DeFi Yield Farming Chapter Index 00:00:03 Introduction to DeFi Yield Farming Terminology 00:00:48 What is DeFi (Decentralized Finance)? 00:03:17 Smart Contracts on the Ethereum Network 00:04:00 What are Liquidity Pools 00:06:23 Who Are Liquidity Providers and Trading Fees 00:07:00 Automated Market Makers in the Smart Contracts 00:08:10 How DeFi Yield Farming Works 00:09:49 Balancer Liquidity Pools 00:10:15 Staking in BEES.Social Liquidity Pools - Yielding Tokens 00:11:20 Three Ways Yield Farmers Make Money For more videos about DeFi Yield Farming and strategies watch this playlist: https://www.youtube.com/playlist?list=PLT3ArNsa9k19UeQ5RLppkhkhHCKFOKZyV Please subscribe to the BEES.Social channel for updates and news BeesSocialTV - https://www.youtube.com/c/BeesSocialTV/ Follow the BEES.Social Crypto Community Online: https://www.youtube.com/c/BeesSocialTV/ https://twitter.com/Crypto_Swarm https://www.linkedin.com/company/cryptoswarm/ https://vimeo.com/beessocial https://podcasts.apple.com/us/podcast/the-swarm-unplugged/id1563240346 https://medium.com/opes-dot-finance https://independent.academia.edu/defiyieldfarming You can also watch this entire DeFi Yield Farming video series in 3 parts Part 1 - What is DeFi? https://www.academia.edu/47790730/What_is_DeFi_Decentralized_Finance_Yield_Farming_Part_1 https://vimeopro.com/beessocial/yield-farming/video/524025857 Part 2 - Liquidity Pools & Liquidity Providers https://www.academia.edu/47791357/DeFi_Yield_Farming_Liquidity_Pools_and_Liquidity_Providers https://vimeopro.com/beessocial/yield-farming/video/524518979 Part 3 - What is Yield Farming? How do Yield Farmers Make Money? https://www.academia.edu/47791963/What_is_Yield_Farming_Crypto_and_How_Do_Yield_Farmers_Make_Money https://vimeopro.com/beessocial/yield-farming/video/530441914 The user after that risks the DEX's liquidity provider token on the project website, and receives interest in the kind of the new token with time. If everyone buys from the LP, your LP token value will increase, when gauged in USD. And also what you enter return is a token that you can utilize for various other capital development. In BEES.Social that capital growth opportunity is continuous. Watch Video Guide to DeFi Yield Farming was originally published here https://topnewsscoop.blogspot.com/2021/05/guide-to-defi-yield-farming.html Guide to DeFi Yield Farming was originally published here https://tracyslowik.blogspot.com/2021/05/guide-to-defi-yield-farming.html
Yield Farming In Decentralized Finance
Yield Farming In Decentralized Finance Jersey based exchange offers fiat-to-cryptocurrency sets, including the Euro as well as the British extra pound. As you would certainly picture, because of the abundance of stablecoins in the yield farming scene, Curve pools are a key part of the facilities. Curve Finance is a decentralized exchange protocol especially created for effective stablecoin swaps. Unlike other similar protocols like Uniswap, Curve enables users to make high-value stablecoin swaps with fairly low slippage. https://BEES.Social http://decentralized-finance.vc/ Your returns depend upon just how much you spend and what regulations the protocol is based on. In recent years we have actually been witnessing how the previously unknown as well as strange crypto space has formed virtually every aspect of our lives and caused a change in our state of minds. Those who used to regard bitcoin as a come-and-go pattern currently seem to be bitterly being sorry for denying it previously. On the other hand, those luckies that handled to get bitcoin at a practical price are anxiously waiting for its value to increase every single day. Currency exchange rate can likewise affect the viability of a position in DeFi. This can give you a basic concept regarding the existing state of yield farming. While it really did not create yield farming, the COMP launch provided this sort of token distribution model a boost in appeal. Since then, various other DeFi projects have developed cutting-edge plans to bring in liquidity to their environments. In return for providing liquidity to the pool, LPs get a benefit. Upon clicking a switch, each user was given one "circle" that they might turn over to others with the circle's password key to unlock as well as sign up with the circle. While each user obtained one personal circle, they can join or betray any other user circles. Those who had betrayed one more user's circle have a null indication (" ∅") alongside their numbered flair. Please 'like' the YT video to help your friends looking for yield farming protocols or the best yield farming pools :) Just How Popular Is Yield Farming Cryptocurrency? What is DeFi (Decentralized Finance) https://vimeopro.com/beessocial/yield-farming/video/524025857 What Are Liquidity Pools? https://vimeopro.com/beessocial/yield-farming/video/524518979 How do Yield Farmers Make Money? https://vimeopro.com/beessocial/yield-farming/video/530441914 For more videos watch this playlist: BeesSocialTV https://www.youtube.com/playlist?list=PLT3ArNsa9k19YcQ8G-2Y6y0fq8OYb5ld5 Please subscribe to this channel: BeesSocialTV https://www.youtube.com/channel/UCfQoY9QU7bsgb94NuTf_DwA Watch Video Yield Farming In Decentralized Finance was originally published here https://topnewsscoop.blogspot.com/2021/05/yield-farming-in-decentralized-finance.html Yield Farming In Decentralized Finance was originally published here https://tracyslowik.blogspot.com/2021/05/yield-farming-in-decentralized-finance.html
A Newcomer's Guide To Yield Farming
A Newcomer's Guide To Yield Farming Yield Farming In DefiThis gauges the amount of crypto locked in DeFi lending along with various other money markets. It's also crucial to remember that both of them entail mining pools. However, liquidity providers come from the yield farming process only. First of all, it deserves noting that to operate, yield farming requires liquidity providers as well as liquidity pools. Errors throughout the knowing process can likewise cause substantial transaction fees, making liquidity mining ineffective or unlucrative. RedditGifts is a program that uses gift exchanges throughout the year. The fan-made RedditGifts site was produced in 2009 for a Secret Santa exchange amongst Reddit users, which has actually given yield farming that ended up being the globe's largest and also set a Guinness World record. For the 2010 holiday season, 92 nations were involved in the secret Santa program. There were 17,543 individuals, and also $662,907.60 was jointly spent on present purchases and also shipping expenses. What means yield?
1 : to give way to pressure or influence : submit to urging, persuasion, or entreaty. 2 : to give up and cease resistance or contention : submit, succumb facing an enemy who would not yield yielding to temptation. 3 : to relinquish the floor of a legislative assembly.
A few of the DeFi protocols will incentivize the farmer even more by allowing them to stake their liquidity provider or LP tokens representing their participation in a liquidity pool. It obtains a bit more made complex below, as well as it deserves reviewing this even more in-depth tutorial on staking to understand how it functions. A yield farming strategy aims to produce a high yield on capital. The steps will certainly entail lending, loaning, supplying capital to liquidity pools, or betting LP tokens. Yield farmers want to take high threats to hit dual or three-way digits APY returns. The financings they take are overcollateralized and vulnerable to liquidation if it goes down listed below a particular collateralization ratio threshold. There are additionally risks with the smart contract, such as pests as well as platform changes or strikes that try to drain pipes liquidity pools. For the starters, financial institutions also have a great deal of money, and yet they borrow even more to run their day-to-day operations, to invest, and so forth. Although the ongoing yield farming insane started with COMP, this has belonged of DeFi also before that. The current stars of the DeFi space are the liquidity providers. Compound, Curve Finance, as well as Balancer are amongst the leading names. Yield farming is certainly the hottest subject within the cryptocurrency community as the DeFi craze proceeds with full force. Is yield farming the same as staking?
Staking and yield farming are two entirely different worlds that have different goals and purposes. While yield farming focuses on gaining the highest yield possible, staking focuses on helping a blockchain network stay secure while earning rewards at the same time.
In exchange for lending your ETH, Rari pays you 21.15% APY in RGT. That's why we have created a COMPLIMENTARY beginners guide to yield farming yield farming guide for newbies. A Newcomer's Guide To Yield Farming was originally published here https://topnewsscoop.blogspot.com/2021/04/a-newcomers-guide-to-yield-farming.html A Newcomer's Guide To Yield Farming was originally published here https://tracyslowik.blogspot.com/2021/04/a-newcomers-guide-to-yield-farming.html
Increasing stock market volatility drags Bitcoin and altcoin prices lower
Increasing stock market volatility drags Bitcoin and altcoin prices lower Increasing stock market volatility drags Bitcoin and altcoin prices lower The cryptocurrency market faced another day of downward pressure as the unease in the traditional markets continues to spread following the recent interest rate spike on the 10-year U.S. Treasury bond. Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin (BTC) fell to a low at $44,710 late on Feb. 25 before buying at the key support returned to help the digital asset recover back above $46,500 but generally, analysts are looking for $50,000 to become an established support before expecting bullish continuation.
Despite major BTC purchases by MicroStrategy, Tesla and MassMutual, a majority of institutional investors still have security and tax treatment concerns that prevent them from investing in Bitcoin, according to Galaxy Digital co-president Damien Vanderwilt. Institutional investment has been a significant source of optimism in the cryptocurrency sector in 2021, but its influence in helping BTC reach a market cap of $1 trillion may be overstated as recent analysis shows that stablecoin whales and retail traders still hold the most buying power. Interest rate increase puts pressure on GBTCOn Feb. 25, the interest rate for the 10-year U.S. Treasury spiked to 1.52%, its highest level in over a year. According to Chad Steinglass, Head of Trading at CrossTower, the move led to market-wide pressure that pushed the “GBTC premium down as low as negative 6% and it closed around negative 2% today.” The analyst sees interest rate volatility as a major source of market volatility, as the long end of the curve steepens while the U.S. dollar is pushed lower.
Cryptocurrencies fell under increased pressures as equity markets deteriorated throughout the day, possibly due to a “scramble for liquidity” resulting from traders “pushing up against margin calls and needing to free up cash.” Steinglass said: “I interpret the GBTC premium collapse as a sign that either retail is dumping to free liquidity, or large fund holders like ARKW are seeing outflows, which causes them to sell GBTC along with everything else.” Traditional markets are still choppyThe 10-year Treasury yield pulled back .0582 basis points to 1.46 on Feb. 26, marking a 3.82% decrease from its high on the previous day. This leadi to a choppy day in the markets which saw the major indices close mixed. The NASDAQ finished the day up 0.56%, recovering some of its losses from the 3.5% drop on Feb. 25. Meanwhile, the S&P 500 and DOW finished the day in the red, down 0.48% and 1.51% respectively. A majority of the top cryptocurrencies also took on sharp losses on Friday, with the exception of Cardano (ADA), which became the third-ranked cryptocurrency by market cap after its price broke out to a new all-time high at $1.29. The current excitement for the altcoin appears to be connected to the upcoming ‘Mary’ mainnet launch scheduled for March 1.
Basic Attention Token (BAT) has also battled back against the market sell-off to post a 6.43% gain following the Feb. 23 announcement of the upcoming Brave Decentralized Exchange (DEX). Ether (ETH) price is down 7.19% and trading below $1,500, while Binance Coin (BNB) has dropped 8.36% to $224.14 The overall cryptocurrency market cap now stands at $1.533 trillion and Bitcoin’s dominance rate is 61.3%. Title: Increasing stock market volatility drags Bitcoin and altcoin prices lower
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Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together Increasing stock market volatility drags Bitcoin and altcoin prices lower Increasing stock market volatility drags Bitcoin and altcoin prices lower was originally published here https://topnewsscoop.blogspot.com/2021/02/increasing-stock-market-volatility.html Increasing stock market volatility drags Bitcoin and altcoin prices lower was originally published here https://tracyslowik.blogspot.com/2021/02/increasing-stock-market-volatility.html
Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here
Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here Bitcoin (BTC) bears thinking that $58,000 was this cycle’s top will be sorely disappointed, fresh investment data from past bull markets shows. Compiled by on-chain analytics resource Whalemap, statistics covering BTC buys of between $5 million and $7 million conclude that even at recent all-time highs, Bitcoin was far from a “macro top.” “No FOMO in sight” for BTCDuring the 2017 and shorter 2019 bull market, Bitcoin saw mass buy-ins of a similar size — $5-7 million. When investments of that amount hit a peak, price action began to reverse, signalling the start of consolidation or a heavier retracement. According to Whalemap, cash injections in that area have been far from their previous peaks this year, indicating that the current correction will likely be temporary and on par with BTC’s typical corrections during a bull run. “Previous macro tops have occurred when thousands of transactions worth 5 to 7 million dollars each were flooding the blockchain. True FOMO,” researchers tweeted on Feb. 25. “Currently, no such FOMO in sight for BTC.” The expectation of further buy-ins supports existing data that came to light this week, notably from Coinbase Pro, which has seen multiple tranches of over 10,000 BTC leave its books for private or custody wallets. The first negative premium on the Grayscale Bitcoin Trust (GBTC) since early 2017 may also point to the conclusion that the 2021 bull cycle still has a lot more room to run. “Another significant Coinbase outflows at 48k. US institutional investors are still buying $BTC,” Ki Young Ju, CEO of fellow monitoring resource CryptoQuant, tweeted on Friday. “I think the major reason for this drop is the jittering macro environment like the 10-year Treasury note, not whale deposits, miner selling, and lack of institutional demand.” Liquidity grab?The start of the turnaround maybe sooner than many think. In his latest analysis, pseudonymous cryptocurrency trader Rekt Capital eyed the 4-hour BTC/USD chart for proof of a turnaround. “Pulls back but still holds the wick-to-wick Higher Low. Turn $46720 in to support (black) and BTC will move higher. Strong bullish divergences on the 4HR are appearing as well,” he commented alongside an annotated screenshot of the chart.
Speaking to Cointelegraph, the Whalemap team noted that short-term the spent output profit ratio (SOPR) — which tracks overall market profit and loss — was indicating that a deeper sell-off is off the cards, at least for now. “Hourly SOPR shows potential for at least a short term bounce,” they said.
Friday further sees a major expiry event on Bitcoin options, something which has dictated temporary downward pressure on BTC in the past. The day’s low of $44,150, some say, was merely an attempt to suck up liquidity before the next leg higher. “Yes, market dumped after ‘mega-whales’ sold into the rally (as warned), but since then, they have been buying dips!” the creator of exchange orderbook data analysis service Material Indicators observed. “With stonks uncertainty, I don’t know how many more dips there will be, but they’re being bought!” That “uncertainty” is being exacerbated by concerning trends in bond yields, Cointelegraph reported this week, with behavior seen as similar to before the Global Financial Crisis of 2008. Title: Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here
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Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here was originally published here https://topnewsscoop.blogspot.com/2021/02/bitcoin-price-macro-top-not-so-fast.html Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here was originally published here https://tracyslowik.blogspot.com/2021/02/bitcoin-price-macro-top-not-so-fast.html
Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries
Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries Since the start of 2021, Bitcoin (BTC) price has been chasing new highs on a weekly and daily basis. On Feb. 21, BTC reached a new all-time high at $58,300. However, an interesting phenomenon is that even with many global cryptocurrency exchanges in existence, BTC’s price can still vary greatly depending on geography. This raises an intriguing question. How can Bitcoin price simultaneously trade at $53,047 in Malaysia, $49,727 in Singapore, $51,133 in India, and over $86,000 in Nigeria? Is the reason simply a temporary imbalance between buyers and sellers, taxes, regulations? Or is there something else at play? As shown in the chart below, there really isn’t a set price for BTC as nearly every country has its own digital asset valuation.
At any given time, cryptocurrency prices will differ between countries, even after adjusting the currency rate. Indeed, some additional buying or selling pressure could create discrepancies, but that should not be continuous and steady. What’s causing the huge BTC price discrepancies?This phenomenon isn’t something new or exclusive to cryptocurrencies, however. Exxon Mobil stocks, for example, are traded in the United States, Russia, Argentina, Germany, Mexico, and Switzerland markets. While there may be different reasons for the friction including bureaucracy and nation-specific laws, they’re basically the same asset. Nevertheless, their prices usually differ after adjusting for currency exchange rates. Unlike stocks, however, transferring cryptocurrencies usually takes less than an hour, and it doesn’t depend on custodians and depositary receipt administrators. Therefore, bureaucracy can not be the reason for the big price differences for Bitcoin, which is borderless. On the other hand, suppose one just bought BTC in the U.S. or Europe and is willing to sell it in Argentina to profit from the 6.5% difference. Even if there were no trading fees involved, the result would be the local currency, Argentine Pesos ARS. Things get more complicated though, as one will need to convert this fiat money back to USD or EUR. There might be domestic restrictions, taxes, or even worse, a different currency rate for foreigners. Moreover, traditional currency remittances don’t take place on weekends and usually take one or two business days.
Not surprisingly, the countries with the highest BTC valuations consistently score low on investment and financial freedom global rankings. Barriers and taxes created by strict government controls translate into additional risks and costs for the fiat conversion and remittance. This all contributes to the premium seen versus the remaining countries. Government action might create extreme situationsExtreme capital control situations such as the Nigeria Central Bank recently shutting down all cryptocurrency-related bank accounts could be behind the current 70% premium versus global BTC markets. But Nigeria likely has the highest premium in the world because this country, in particular, is also the leader when it comes to Bitcoin adoption, based on the latest data. #Bitcoin Price is now $80,000 in Nigeria – a 60% premium. That’s what happens when you try to ban something people want. — Bitcoin Archive (@BTC_Archive) February 18, 2021 Eventually, arbitrage traders will find a solution to bypass sanctions, and the price gap should tighten. But right now, there is no effective way to “profit” from the arbitrage. For those wondering what would cause Bitcoin to trade below most liquid markets such as the U.S., there is no definitive answer. It is most likely some regulatory hurdle for depositing fiat money on local exchanges, thus creating an imbalance favoring the sell-side. The negative premium is less common, however, and stablecoins could be used to mitigate this effect. Meanwhile, when a hefty premium is seen in local fiat currency, it does not justify a similar price gap for dollar-denominated stablecoin trading. Thus, such differences in pricing across various countries represent the risks, red tape, taxes, and inefficiencies of converting fiat between currencies and sending fiat money across borders. author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Title: Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries
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Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries was originally published here https://topnewsscoop.blogspot.com/2021/02/why-is-bitcoin-86k-in-nigeria-heres-why.html Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries was originally published here https://tracyslowik.blogspot.com/2021/02/why-is-bitcoin-86k-in-nigeria-heres-why.html
6M noobs have bought coins on Robinhood Crypto already in 2021
6M noobs have bought coins on Robinhood Crypto already in 2021 6M noobs have bought coins on Robinhood Crypto already in 2021 Retail-focused trading app Robinhood has revealed the number of new monthly customers buying from its crypto platform this year is 15 times the 2020 average. According to the company’s new report, “Crypto Goes Mainstream,”more than three million new users purchased from Robinhood Crypto in January, with more than 2.9 million new users having bought crypto during February so far. As such, Robinhood Crypto’s user base has expanded by 6 million in 2021 so far. By contrast, the platform revealed the largest number of new users transacting on Robinhood Crypto last year was 401,000 in July — when trade activity surged in the lead-up to Bitcoin’s third block reward halving. The average number of monthly new crypto traders on Robinhood was roughly 200,000 last year. The report also notes an average transaction size of roughly $500 on the platform, an 100% increase when compared to the first three quarters of 2020. The report concluded: “The numbers are clear: 2021 has started with a crypto bang.” Robinhood is looking to further expand its crypto services, revealing plans to offer deposits and withdrawals for crypto assets in a Tweet last week. This year has been an explosive one for Robinhood, with the platform finding itself at the center of controversy after suspending trade in both Dogecoin and stocks that were being pumped by the now infamous Reddit group, r/WallStreetBets, during January. Last week’s congressional hearings on the incident saw representatives of the U.S. House Financial Services Committee scrutinize Robinhood’s business model — with the platform’s move to suspend trading in GME shares apparently prompted by the platform falling short of its collateral requirements by $3 billion amid the orchestrated pump. However, Robinhood CEO Vlad Tenev has blamed its collateralization issues with U.S. Securities and Exchange Commission regulations mandating a two-day settlement period after trades are executed. Title: 6M noobs have bought coins on Robinhood Crypto already in 2021
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Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together 6M noobs have bought coins on Robinhood Crypto already in 2021 6M noobs have bought coins on Robinhood Crypto already in 2021 was originally published here https://topnewsscoop.blogspot.com/2021/02/6m-noobs-have-bought-coins-on-robinhood.html 6M noobs have bought coins on Robinhood Crypto already in 2021 was originally published here https://tracyslowik.blogspot.com/2021/02/6m-noobs-have-bought-coins-on-robinhood.html
Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high
Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high Nonfungible tokens (NFTs) are rapidly becoming a focal point of the cryptocurrency market, as evidenced by stories of millions of dollars being raised in minutes for one-of-a-kind tokenized art pieces and rare collectibles that traders rush to get their hands on. One project that has been benefiting greatly from the resurgence of NFTs is Enjin Coin (ENJ), which broke out to a new all-time high of $0.67 on Feb. 25 following its listing on the Crypto.com exchange as well as the launch of spot and perpetual futures trading on FTX. Data from Cointelegraph Markets and TradingView shows that ENJ rose 52% from a low of $0.438 on Feb. 24 to a new high of $0.67 before experiencing a pullback to its current price of $0.611.
A scroll through the project’s Twitter feed details numerous recent partnerships and integrations that have helped fuel Enjin Coin’s price rise. Minecraft is one of the most notable integrations for the Enjin ecosystem, and users are able to earn special NFTs that unlock secret games inside the video game series. The platform has also benefited from joining forces with the growing ecosystem of the Binance Smart Chain (BSC), which has launched an NFT educational campaign that Enjin will be part of. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ENJ on Feb. 24, several hours before today’s price rise. The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of the historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
As seen on the chart above, the VORTECS™ score for ENJ reached a high of 70 on Feb. 24, shortly before the price began to spike to a new all-time high on Feb. 25. The growing popularity of the NFT space, along with numerous big-name partnerships has Enjin well-positioned as the current bull market cycle progresses into 2021. Its recent integration with BSC provides a way to escape high fees on the Ethereum network and could bring a new wave of activity to the Enjin ecosystem. Title: Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high
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Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high was originally published here https://topnewsscoop.blogspot.com/2021/02/exchange-listings-and-nft-boom-back.html Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high was originally published here https://tracyslowik.blogspot.com/2021/02/exchange-listings-and-nft-boom-back.html |
Tracy SlowikI am Tracy Slowik, I have done my bachelor’s in English literature, and further on I did my master’s in Medicines. My most preferred genre of writing is health and biotech. I have been writing from the past 6 years about articles, web content, and blogs. In my career and education, I like to play along with work. I have also been a teacher in the past for 2 years. I use to teach business and technical writing in a very famous university. However, most recently I am working as an instructor, designer, and training writer. I enjoy socializing a lot. I am a very big extrovert when it comes to nature. A part from all this I enjoy exploring the world and traveling makes me happy. ArchivesNo Archives Categories |