Crypto futures markets are continuously growing and gaining more popularity, contributing billions of dollars in trading volumes daily.
Bitcoin and other altcoins are volatile in nature. Many traders attempt to manage their risk simply by buying an asset when the price drops or selling it when the price goes up. A key benefit of futures trading is that you can hedge existing spot positions without additional crypto — allowing you to be agile and prepared for any market environment.
Trading through futures offers several advantages over spot trading, namely the ability to both long or short and get access to…
Launched in 2017, Cardano is a third-generation blockchain and utilizes DPoS consensus (decentralized proof-of-stake). It is one of the closest competitors to Ethereum and the recent Alonzo hard fork upgrade strengthens its claim.
In the pursuit of becoming a sustainable blockchain platform, Cardano is working tirelessly to become the most preferred DeFi ecosystem. The Alonzo upgrade kicks-off its smart contract implementation (available for developments in the next phase or ‘era’). As expected, it is accelerating the adoption of DeFi solutions more than what we thought and predicted.
While we are at it, esteemed organizations such as the Ethiopian Ministry of…
Over the last few months, NFT sales have been through the roof. According to nonfungible.com, during the first week of August, the total USD value transferred over 7 leading NFT marketplaces has crossed a total of $356 million. It’s evident from the graphs below that the NFT sales skyrocketed in the first week of August and the trend continued.
The COVID-19 crisis led to a massive collapse of our medical systems, global supply chains, financial setups, and more. It actually revealed that all these systems, especially the global supply chains lack connectivity and data exchange. Revival from the COVID-19 inflicted impact is very challenging and for developing future resiliency we need to depend on systems that are transparent, interoperable and connected. That is where blockchain technology is making a very strong use case and even global organizations have started to recognize blockchain as a panacea to challenges we are facing in the post-COVID 19 era.
Social media has evolved but the technology that enables it has not transformed the way it should have. Initially, social media found its use just as a platform to connect with people. However, over time it has evolved as a medium of business marketing, news propagation, eCommerce, and more. All this has exposed social media users to issues like digital privacy, identity frauds, data breaches, and more.
All this is happening because the existing setup of social media platforms is centralized. That means social media platforms like Facebook, Instagram store all the user data in a central server. Because of…
The popularity of NFTs (non-fungible tokens) has exploded even in the music industry. Big music brands and music personalities are getting on the NFT action. That is because Music NFT auctions and sales offer musicians an exciting opportunity to monetize their artworks.
Recently, electronic musician 3LAU sold his NFT collection for $11.6 million. But how are musicians making money from NFTs?
What is a music NFT and how can you create one?
An NFT is a non-fungible token and it represents ownership of a digital asset on a blockchain. For musicians, it represents a song or an audio file that is in high-quality formats like MP3, WAV, and OGA.
The advantage…
Ethereum, the second-largest cryptocurrency by market cap is fundamentally very different from Bitcoin. Bitcoin enables the anonymous transfer of value from one user to another without a central entity like a bank. On the other hand, Ethereum is a general-purpose blockchain. Its primary purpose is to support limitless functions using smart contracts. These programmable contracts enable the use of blockchain to create self-governed applications and are an integral part of the Ethereum ecosystem.
In short, what Bitcoin did to fiat, Ethereum is capable of doing that to the entire financial system. …
Believe it or not but Americans spent over $80 billion on traditional lottery tickets and electronic lottery games in 2016. That’s a huge sum especially when you have some pretty long odds. To state an example, the odds of winning a recent Powerball drawing were 1 in 292.2 million.
Of course, if there is a draw, someone will win the lottery. Unfortunately, a lottery system is designed in a way that there is an independent probability of winning just like a coin toss. Simply put, winning is completely independent of the number of times you participate in a lottery. …
The world’s major central banks are now proactively considering the issuance of their digital currencies that are known as Central Bank Digital Currencies (CBDCs). Undeniably, CBDCs have stepped into the limelight recently and are here to stay. The PwC CBDC Global Index April 2021 report which monitors the ongoing transformation going on in the CBDCs space globally strongly supports the last statement.
PwC is closely monitoring the ongoing trends around CBDCs. According to their latest reports, over 60 Central Banks across the globe are exploring CBDCs. Interestingly; many CBDC projects have now entered the implementation phase.
DeFi or decentralized finance took the crypto world by storm in the summer of 2020. Not only did it open up opportunities like lending and borrowing to everyone but it also changed the staking game. Just like centralized staking, DeFi staking software enables users to earn interest on their crypto holdings. The DeFi staking platform uses smart contracts for managing the staking and distribution of rewards.
Staking on DeFi protocols is popularly known as liquidity mining or yield farming. This is a win-win opportunity for both DeFi token holders as well as the protocol operators. That’s because while the token…
