Author: 100cryptoblock

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Borrow Against Your Crypto: The Benefits and Risks

Cryptocurrency has been gaining popularity in recent years as an investment option, with many people holding onto their digital assets as a long-term investment. But what if you need cash for something unexpected or to fund a new project? Selling your crypto may not be the best option, as it could result in significant losses if the market crashes. Fortunately, borrowing against your crypto is becoming an increasingly popular alternative. In this article, we’ll discuss the benefits and risks of borrowing against your crypto and provide some guidance on how to approach it safely.

How to Borrow Against Your Crypto

The first step in borrowing against your crypto is to find a lender. There are many different lenders available, including both centralized and decentralized options. Centralized lenders are typically traditional financial institutions that have added cryptocurrency loans to their offerings. Decentralized lenders, on the other hand, are blockchain-based platforms that allow individuals to lend and borrow funds directly with each other.

When it comes to choosing the right crypto to borrow against, there are a few factors to consider. Stability is key, as cryptocurrencies with high volatility may be too risky for lenders. Liquidity is also important, as more liquid assets are easier to sell in the event of default. Finally, loan-to-value ratios should be taken into account to determine how much collateral will be required to secure the loan.

Once you’ve found a lender and chosen the right crypto, you’ll need to apply for a loan. The loan application process will vary depending on the lender, but typically you’ll need to provide some personal identification and collateral details. The amount of collateral required will depend on the loan-to-value ratio and the lender’s risk tolerance.

Benefits of Borrowing Against Your Crypto

One of the biggest benefits of borrowing against your crypto is the ability to access cash without selling your assets. This can be particularly valuable if you believe that your crypto holdings will appreciate in value in the future. Borrowing against your crypto also typically comes with lower interest rates than other forms of lending, such as credit cards or personal loans. This can make it a cost-effective way to access cash.

Borrowing against your crypto can also be used for a variety of purposes, such as funding a new business, buying a home, or paying for education expenses. This flexibility can make it a valuable tool for investors looking to put their crypto to work.

Risks of Borrowing Against Your Crypto

While there are certainly benefits to borrowing against your crypto, there are also risks to consider. The biggest risk is the potential for liquidation and loss of collateral. If the value of your crypto drops significantly, you may be required to put up additional collateral or risk having your assets liquidated to pay off the loan. This can result in significant losses if you’ve borrowed more than you can afford to lose.

To mitigate these risks, it’s important to set appropriate collateral levels and understand the loan terms. It’s also important to choose a reputable lender that has a strong track record of fair lending practices.

Conclusion

Borrowing against your crypto can be a valuable tool for investors looking to access cash without selling their assets. However, it’s important to approach it with caution and understand the risks involved. By choosing the right lender, the right crypto, and setting appropriate collateral levels, investors can use borrowing against their crypto to fund a variety of projects and investments while protecting their assets.

Posted on and Updated on by 100cryptoblock

Get Rich Quick: The Revolutionary Crypto-Backed Loan That Changes Everything!

Crypto-backed loans are a revolutionary new way to access liquidity without having to sell off your hard-earned assets. This rapidly growing financial technology makes it easier than ever to capitalize on your digital assets while preserving their long-term value.

Crypto-backed loans are different from traditional loans in that they are non-recourse, meaning the loan is not secured against any real estate or collateral. Instead, borrowers use their crypto holdings as collateral for a loan, providing lenders (like coinloan) with a safe and secure asset to lend against. The borrower agrees to repay the loan with interest over an agreed upon period of time, often with flexible payment terms and options available. If the borrower defaults, the lender retains possession of the collateralized asset until repayment is made.

The process of obtaining a crypto-backed loan is fairly straightforward. Borrowers must first provide evidence that they have sufficient funds in their account (in the form of cryptocurrencies) to cover the full amount of the loan request. They must then complete an application form and agree to payback over a specified period at an agreed interest rate. Once this is done, lenders will assess the application and release funds once approved.

An important factor when considering a crypto-backed loan is understanding how much security you need in order to get approval from lenders. Since crypto-assets are highly volatile, lenders require borrowers to provide additional coverage in order to minimize risk exposure which could lead to nonpayment or default on their part. This could include offering additional collateral such as real estate or other valuable assets that can be used as security should the market value of your cryptocurrency holdings fall below its initial value when you took out the loan.

Another important factor when considering taking out a crypto-backed loan is determining whether lending platforms offer competitive rates compared to other types of financing options like traditional banks or credit cards. Lending platforms typically offer lower rates since they do not take on as much risk as banks or credit card companies would for issuing consumer debt; however, it’s important for borrowers to compare offers carefully before taking out a loan since there may be hidden fees associated with some products on certain platforms and varying levels of customer service support too depending on which platform you choose.

It’s also important for potential borrowers who may be applying for larger amounts or those who don’t have enough liquid assets in their accounts upfront (i.e., cash) look into payment plans offered by lending platforms so they aren’t stuck paying back large sums all at once which could create significant financial strain if not managed appropriately over time.

In summary, crypto-backed loans are an innovative way to access liquidity while preserving the value of your digital assets. Before applying for a loan, it is important to weigh all options available and consider how much security you need, what interest rate and repayment terms you can afford, and if payment plans are offered by lending platforms in order to spread out payments over time without incurring additional fees. Doing this will help ensure that your borrowing experience is as smooth and stress-free as possible.

Crypto-backed loans offer many advantages when compared to traditional financing options since they are typically faster, more flexible and accessible with competitive rates. However, there are some key considerations to keep in mind before taking out this type of loan and borrowers should always do their research to make sure they are getting the best deal possible. With the right knowledge, taking out a crypto-backed loan can be an efficient way to help you achieve your financial goals.

Posted on and Updated on by 100cryptoblock

How does bitcoin help you make money?

The world is increasingly going digital. Banks are issuing cryptocurrency cards, governments are legalizing cryptocurrencies, and some are even making their official means of payment. In the world of cryptocurrencies, you can find all the same services that traditional banks offer – transferring funds, paying for goods, deposits, and loan usdt – for a long time. In essence, these services are similar but in practice have several differences. Let’s understand can bitcoin earn interest?

Taking credit from a bank is not only unprofitable, but it is also often not given. Especially investors and traders who cannot prove their wealth in the form of investment assets often face this problem. Conveniently, with cryptocurrencies, there is no need to make sacrifices and sell crypto to get fiat.

Another important advantage in this situation is the ability to regulate terms and payments on a schedule that is convenient for you. Banks don’t provide enough flexibility, with them, you can’t choose which payment to give monthly, whether you need interest or amortized type of loan, and which interest rate is most comfortable. Traveling or, say, repairs are expensive activities, but crypto investors have advantages here, too: having kept their investments, they will more than repay all their investments when the rate of cryptocurrency grows.

So, secured cryptocurrency loans offer the following advantages to borrowers:

  • The loan is processed online and very quickly, no need to sit in queues at the bank.
  • Almost 100% approval – the solvency of the client is confirmed not by checking credit history but by the presence of collateral of the right amount. The only thing – the collateral must be larger than the loan, often even double.
  • In most cases, the repayment schedule is free or even prolongation of the agreement subject to the accrual of additional interest. Lack of penalties for early repayment.
  • Prompt receipt of fiat money to your card, bank account, or e-wallet.
  • Saving on exchange operations. When selling cryptocurrency, up to 14% of funds can be spent on commissions. It is unwise to spend such an amount of money in case you are not going to exit the asset forever.
  • If the cryptocurrency rises during the loan period, the client is even at a profit when he returns his collateral.
  • The terms offered by platforms are becoming more and more flexible and loyal, thanks to growing competition.
  • There are platforms that accept not only Bitcoin as collateral but also other cryptocurrencies, as well as Stablecoins. In addition, many services issue loans in cryptocurrency, which in certain cases is also convenient.
  • It is necessary to pledge cryptocurrency, not an apartment or other property. It is, in any case, less risky.

It is always important for a trader to have the maximum possible turnover of funds. possible turnover of funds, which has a positive effect on their earnings. That is why traders often invest in ICO projects, mining, and new coins. Loans secured by cryptocurrency assets make these processes more profitable and secure.

Traditional loans vs. cryptocurrency loans

The main disadvantage of cryptocurrency loans compared to traditional loans is the high volatility. If a coin drops in value, you’ll have to pay more back. But, firstly, it often, on the contrary, plays into the client’s hands because the coin can grow. And secondly, in the crypto world, there are stablecoins whose price is attached to fiat currencies, such as the dollar. Therefore, the volatility factor can be mitigated.

The second disadvantage of cryptocurrency loans is cybercrime because crypto creditors are not subject to the same level of control as traditional banks. Therefore, if you lose money due to a security breach, you could lose everything. But even this risk can be mitigated by choosing an exchange with a good reputation. Otherwise, cryptocurrency loans prevail over traditional loans. In short, cryptocurrency loans provide instant access to funds at low-interest rates with no credit check.

Binance Savings

Binance Savings offers floating and fixed-rate savings deposits. In the first case, the deposit will be 7 days, and profits are calculated daily. In the second, you need to select an asset for fixed-rate investment and invest the deposit for a period of 7 to 60 days. Fixed-rate deposits bring less profit but are more reliable. If the price of a token or coin decreases at the end of the term, you risk earning less than you planned or even losing money.

Binance now offers 9 fixed-rate savings assets, including BTC at 7% APR and USDT at 4.24%. For some currencies, the term of savings can be chosen – from 7 to 60 days. With a floating rate of only 116 deposits with a yield of up to 5% per day.

To participate in Binance Savings, you need to fund your wallet and then on the savings deposits page to transfer funds into assets by clicking “transfer assets”. AAX Saving offers investments in two areas – Fixed and Flexible. Here you can also store assets at a fixed rate of 7 days, but the rate is higher – 20% per annum for the same BTC, ETH, USDT, and USDC.

The exchange has a large selection of USDT and USDC stablecoins and cryptocurrencies – Solana, XRP, Polkadot, and others. Accruals occur every minute. Deposits are deposited and withdrawn without loss of interest instantly – this is an advantage compared to “irrevocable” deposits of banks. To make savings on one of the assets, it is enough to transfer funds from the spot account to Saving. Interest begins to accrue on the savings account immediately.

For some assets, you can choose the storage period, and the exchange determines the amount of the minimum deposit. After the registration of the deposit, the accrual on it is made the next day at 00.00. For example, OKEx Earn offers savings deposits on more than 120 assets. The list also includes BTC, ETH, and USDT with an average annual rate of 0.9%, and tokens TRON, WAVES, Bittorent, etc., for which the rate is higher – from 1.4% per annum.

In addition to savings deposits, the cryptocurrency exchange offers asset storage in a P2P-loan format, staking with higher dividends – up to 45.5% and other terms. To find out the exact interest rate of the OKEx savings account system, you need to open the “savings” tab opposite the desired asset. For example, BTC can be stored at 0.89% per annum. However, this is an example of a single platform, other resources may be different.

Advantages of the loan service

Speed and flexibility: you can get a loan instantly, with flexible repayment terms from 7 to 180 days. Early repayment: you can repay the loan at any time before the due date without penalty. If you repay the loan amount, the crypto-exchange charges interest only for the actual number of hours you use it.

High loan-to-value ratio: cryptocurrencies have a high LTV compared to other platforms. With such services, you can borrow up to 100% of the value of your crypto assets. Low-interest rates: interest rates on cryptocurrencies are lower compared to other platforms – the hourly interest rate is from 0.0002%.

Ability to use wherever you need: borrowed funds can be used anywhere in the ecosystem, including making trades or using services such as spot trading, derivatives trading, and staking in Earn products.

How to use crypto-assets

Cryptoassets borrowed against a loan can be used however you want:

  • With funds from a cryptocurrency loan, you can reduce your risk in leveraged trading by increasing your available margin.
  • You can also use the loan to increase your deposits or get free tokens by streaming them to Launchpool projects.
  • The loan can even be taken out to lend to others through DeFi protocols to generate high returns with rates that can be as high as 100% on an annualized basis.

Crypto exchanges with Savings

While many of the big players in the crypto market offer savings products, you should be careful in selecting a platform to deposit on.

Take into account the current operating status of the crypto-exchange in the world and the news background. For example, Binance has recently been receiving warnings and operating bans from regulators in some countries. Recently, the Securities Commission of Malaysia (SC) accused the exchange of operating illegally in the country and also obliged to shut down the website and mobile application in the region. Earlier, the UK banned Binance from trading cryptocurrency in its country, and in the U.S., the exchange is under active inspection by the tax authorities.

Opening a savings account for the cryptocurrency exchange can be called a test of its strength. Coinbase also decided to launch Savings in 2021 with a yield of up to 4% and raised questions from regulators. Now the crypto-exchange is being audited.

Conclusion

CoinLoan offers customers strong protection and favorable terms. Licensed cryptocurrency exchanger with exchange functions supports bank cards and fiat currencies, cryptocurrency loans and deposits are available on the platform. It is CoinLoan that gives a clear answer can bitcoin earn interest?

Posted on and Updated on by 100cryptoblock

How to earn interest on crypto?

Cryptocurrency has become an increasingly popular asset class among investors, and with it comes the opportunity to earn interest on crypto holdings. There are a number of ways for investors to get started, ranging from traditional banking products to new crypto services. In this article, we’ll explore what’s out there and how you can start earning interest on your cryptocurrency holdings today.

One way to earn interest on crypto is through traditional banking products such as certificates of deposit (CDs). CDs are deposits held at banks that offer a fixed rate of return over a specific period of time. Many banks now offer CDs that allow holders to earn returns based on the value of cryptocurrencies like Bitcoin or Ethereum. These CDs typically have terms ranging from 1 month up to 5 years, with the longer-term CDs paying higher rates of interest than the shorter-term ones. This type of investment is relatively low risk, as the funds are FDIC insured and backed by a bank’s balance sheet.

Another option for earning interest on crypto is through loan programs offered by some exchanges or digital asset custodians. These platforms allow users to borrow money against their cryptocurrency holdings in order to generate income off those assets without having to sell them. All lenders require borrowers to collateralize their loans with more than enough cryptocurrency assets, so there is virtually no risk involved in this type of investment. Interest rates vary depending on the platform but are typically much higher than what one would expect from their bank account or CD investments.

In addition, some platforms now offer staking rewards for depositing certain types of cryptocurrencies into their wallets or accounts. Staking is similar to holding a “share” in a company where users receive rewards based upon the performance of a project or network they help support by holding tokens in their wallets or accounts. The amount earned depends upon how much is staked and how long it is held; however, most networks will pay out regular dividends while also offering additional bonuses and incentives based upon performance and other metrics determined by the network itself.

Finally, there are now numerous crypto savings accounts that allow users to earn passive income by simply depositing crypto into their accounts and earning yield from activities such as lending or trading within the platform’s ecosystem. These services often provide significantly higher yields than traditional banking products with minimal risk due to insurance policies provided either directly by the platform itself or through third-party providers like Aon Corp and Marsh & McLennan Companies (MMC). Many also provide users with additional incentive programs like referral bonuses or loyalty rewards that can further boost returns over time when managed properly.

Overall, there are many options available for investors looking to earn interest on their cryptocurrency holdings without having to take on too much risk in the process. Traditional banking products like certificates of deposit remain popular among conservative investors while newer offerings like loan programs and staking rewards appeal more towards those who want higher yields but don’t want to tie up all their capital in one place for extended periods of time. Crypto savings accounts provide yet another avenue for generating passive income while diversifying across different networks and projects within an individual’s portfolio; however, due diligence should always be done before entering into any new agreement or product offering in order to ensure that one’s capital remains safe at all times throughout any given transaction cycle. Regardless which route an investor chooses, there are plenty of opportunities out there for anyone looking for ways to put idle Crypto assets back into motion and start earning an attractive return today!

Posted on and Updated on by 100cryptoblock

5 Notable Bain Capital Investments

Bain Capital is an alternative investment firm located in Boston, MA. The company was established in 1984 and since then has invested (and divested) a considerable amount of money into various businesses ranging from DocuSign to SurveyMonkey.

The company has two private equity subsidiaries, Bain Capital Private Equity and Bain Capital Ventures, which as of June 2020 manage a total of $105 billion in assets.

Private equity and venture firms, such as Bain Capital, usually aim to sell portfolio companies four to six years after investing in them. Here are five of the company’s notable holdings as of June 2020.

 

Acorns

Acorns is a robo-advisor that seeks to remove common barriers preventing people from investing. By allowing users to invest small amounts and spare change through micro-investing on its digital platform, Acorns makes investing more approachable. The Irvine, Calif.–based company has expanded since it was founded in 2014, now offering retirement savings accounts and debit cards in addition to its original product.

In Jan. 2019, Bain Capital invested $105 million in Acorns as part of a Series E funding round. This gave Acorns a valuation of $860 million and moved it ahead of competitor Betterment, which was valued at $800 million during its last round of funding in July 2017.

 

Brillio

In January 2019, Bain Capital signs a deal to acquire an undisclosed majority stake in this digital technology consulting and solutions company.

 

Santa Clara, California-based Brillio was founded in 2014 with the focus of helping companies manage and execute “digital transformation” by way of upgrading to more modernized solutions. This includes user experience design, digital applications, big data analytics, cloud technology, security solutions, and digital engineering.7 Notable clients include Move Inc., Eventbrite and Verizon

Lionbridge Capital

In 2014, Bain Capital bought a majority ownership position in Lionbridge Capital. Although the company was worth an estimated $157 million at the time, no information on how much money Bain paid has been released. Lionbridge is Chinese and focuses on providing financing to small to mid-size enterprises that have liquidity issues. The industries it covers are logistics, medical machinery, agricultural equipment, and heavy manufacturing.

SigFig

SigFig, founded in 2007, is a robo-advisor and wealth management solution based in San Francisco. It strives to improve the retail investment industry by providing investment platforms that mix automation with human expertise. These are available for both individual and enterprise customers.

In 2013, SigFig raised $15 million in a Series B funding round from three venture capital firms, including Bain Capital. Since then, SigFig has gone on to raise more money, including $50 million in equity financing in June 2018.

Venminder

If you work in the financial industry, Venminder can help you manage risk by vetting vendors, collecting documents, reviewing contracts, and providing cybersecurity and compliance monitoring. Its clients include banks, credit unions, brokerage firms, securities firms…etc.

Bain Capital has invested in Venminder, Elizabethtown, Ky.-based company since 2013 with rounds of funding in 2016, 2018 and 2019. The initial investment funded the company’s launch as well as further market research.

Posted on and Updated on by 100cryptoblock

How to Recession-Proof Your Portfolio: Oryen Network, Cardano And Fantom

Although it has been challenging for many to make money in the cryptocurrency market, there are still opportunities available for those who invest wisely.

The Oryen project, Cardano, and Fantom have all been identified as good investments with the potential to improve your portfolio.

Fantom (FTM)

Fantom created its decentralized platform for smart contracts with a focus on dApps and digital currencies as an alternative to Ethereum. The project has succeeded in offering a more scalable and secure solution that is still decentralized.

Oryen (ORY)

Oryen users see a guaranteed return on their investment of 90% each year, which puts ORY high up on the list of best cryptocurrency investments for the year.

The ORY token is ideal for investors who want to buy and hold because the Autostaking Technic of the project (OAT) automatically stakes and auto-compunds rewards directly from wallets. Consequently, Oryen’s Buy-Hold-Earn model provides great returns for all types of investors.

Oryen is an up-and-coming decentralized finance project that has been gain popularity among YouTube and Reddit users who are interested in cryptocurrencies.

The ORY token is being sold in its 7th presale round at a discounted price of $0.21. Once the project launches, however, the token’s price will return to its original value of $0.35 according to this presale schedule:

Presale Phase   Date   Price Increase   ORY Price   Purchase Bonus

Presale 7   09 Dec — 16 Dec   320%   $0.21   5%

Presale 8   16 Dec — 23 Dec   400%   $0.25   5%

Presale 9   23 Dec — 27 Dec   500%   $0.3   0%

 

Cardano (ADA)

investors have increasingly been attracted to the ADA cryptocurrency that is native to Cardano’s decentralized blockchain. Charles Hoskinson, one of Ethereum’s co-founders, open-sourced the project in 2017. Today, Cardano stands as one of the world’s largest cryptocurrency ecosystems.

Conclusion

Adding Oryen, Cardano, and Fantom to your investment portfolio is a solid choice for anyone looking to make some quick gains. Oryen specifically offers all its ICO buyers an equal chance at success because it doesn’t have vesting, is automatically airdropped to holder wallets, and has a launch price of $0.35.

Posted on and Updated on by 100cryptoblock

The Evolution of Decentralized Exchanges

This article looks at how the DEX landscape has changed since its early days.

DEXes are vital for decentralized finance operations.

Cryptocurrency trading platforms that let users trade permissionlessly and peer-to-peer have revolutionized the cryptocurrency industry.

Although contemporary DEXes boast a plethora of features and are straightforward for users, they have progressed tremendously since their early days.

DEXes have come a long way in recent years, and here’s a look at how they’ve progressed.

Decentralized exchanges first arose in 2016.

Around this time, platforms such as IDEX, EtherDelta, and ForkDelta began to crop up. These allowed users to trade cryptocurrencies with one another directly, reducing the need for OTC groups and eliminating the need for trust between parties.

However, these first-generation platforms had the same problems:

Slow, clunky UX

Limited liquidity

Partially centralized order books

Although non-custodial, many first-generation DEXes weren’t entirely decentralized and could be better classified as hybrid platforms. Consequently, they were more likely to regulatory attacks, leaving some platforms with no choice but to restrict IPs from particular regions and put into place KYC/AML policies.

The main issue, however, was their complicated user interfaces that most often needed users to transfer their tokens to the smart contracts of the platform or set up an account merely to establish limit orders. To make matters worse, the platforms were very slow too which made it challenging to trade without any hitches.

Automated market maker (AMM) exchanges have adapted and evolved to address the issues that first-generation DEXes struggled with.

The DEX space began rapidly gaining popularity in November 2018 with the release of the first major AMM, Uniswap.

This platform totally changed how people think about peer-to-peer trading by introducing decentralized liquidity pools and pricing curves.

Uniswap allowed users to deposit their assets into two-sided liquidity pools that determined the relative value of each asset by using a mathematical formula (most likely the constant product formula). Not only did this help with the liquidity problem, but Uniswap also efficiently priced newer and more speculative assets. This helped create an explosion of ERC-20 assets.

AMM became quickly popular after its development and is now employed by the great majority of decentralized exchanges. In contrast, only a small number can be considered order book DEXes. Many well-known DeFiblockchains have their own AMMs(or various types), which can be seen as Uniswap clones or offshoots. A few examples are PancakeSwap DEX (connected to BNB Chain), SpiritSwap (for Fantom network usage), and Pangolin (offshoot of Avalanche).

DEXes, or decentralized exchanges, have become popular among cryptocurrency investors for their ability to trade assets without the need for a third party. Most DEXes also offer additional features such as yield farms, decentralized lending services and launchpads.

The introduction of these new features not only resulted in a higher yield, but also opened up decentralized lending protocols like Euler and revenue-sharing permissionless liquidity pools. This allowed users to get the most out of their capital.

The majority of decentralized exchanges today don’t favor any particular asset, meaning that users can trade whatever they want as long as there’s a corresponding liquidity pool.

Recently, a new generation of DEXes has surfaced that are more platform-specific. These platforms usually have one purpose and allow users to trade aLimited number of assets within the ecosystem.

Named after the Japanese Sword, Katana is a DEX built on Ronin Chain that’s available to Axie Infinity users. It lets them trade in-house assets such as Smooth Love Potion (SLP) and AXS for other popular cryptocurrencies like Ronin (RON) and USD Coin (USDC).

XCAD Network is also developing a DEX focused on creator tokens. Users of the platform will be able to trade various permissionless creator tokens against stablecoins, providing a closed trading atmosphere for XCAD users.

Although some DApps boast millions of active users, platform-specific DEXes still rack up an impressive trading volume. The Katana DEX, for example – which only caters to Axie Infinity players – has frequently achieved $100M+ in daily trading volume and averages over $2M/day.

Most of today’s DEXes either operate on a single chain or an independent version of the DApp is available on multiple chains with no cross-chain trading capabilities. Thanks to recent advances in cross-chain technologies like bridges and atomic swaps, though, the first generation of cross-chain DEXes are now operational. These include Atlas DEX, Swappery, SushiXSwap, THORswap and several others.

Most platforms that offer cross-chain swaps use a mix of bridges and decentralized liquidity pools, while others get their liquidity from DEXes on different blockchains. These usually utilize bridges to move tokens between chains.

Cosmos features many cross-chain DEXes too, like Osmosis and Crescent; however, these are limited to the Cosmos ecosystem and cannot connect assets from non-Cosmos SDK blockchains.

While a few atomic swap DEXes, like Atomex, exist currently, none has been adopted by the majority.

The digital currency exchange (DEX) industry is rapidly innovating and can be considered one of the fastest-moving sectors of the decentralized finance (DeFi) space.

In a little more than half a decade, the number of decentralized exchanges has exploded. Some of these newer options are starting to stack up against centralized platforms when it comes to liquidity, features and user-friendliness.

A new generation of DEXes is being created as we speak, and Sudoswap is leading the way. They just launched sudoAMM, a DEX that uses AMM-like bonding curves to change how users buy and sell NFTs. With this innovative approach, Sudoswap is paving the way for a new era of decentralized exchanges.

A tokenized equity DEX called Nasdex was recently launched, which allows users to trade tokenized equities over the blockchain. In addition, the Terra-based DeFi hub Mirror Protocol enables users to trade synthetic equities including AMZN, AMD, and COIN. Furthermore, central bank digital currencies (CBDCs) might get their own DEX treatment in the future.

A regulated CBDC DEX is currently being explored by central banks in more than 100 regions worldwide, and there is a small chance that a permissionless DEX will be launched— since most CBDCs are likely to launch on permissioned blockchains.

However, this will take several years at the earliest.

Posted on by 100cryptoblock

How FTX Saga can affect Twitter’s crypto features?

Anyhow of all the news that’s been overlooked in the crypto market as the FTX Saga has held our gaze, the headlines related to Twitter are arguably the most important.

That’s because new Twitter owner Elon Musk recently warned that the social media platform could go bankrupt.

If Twitter does go bankrupt it would be very bad news for crypto simply because the algorithmic bubble that is known as Crypto Twitter provides the most up-to-date info about the crypto market.

A person could possibly get it would also mean no crypto integrations on the platform either.

Luckily Twitter seems to be in a good position as its number of daily active users recently hit an all-time high of over 45 million.

According to Elon this number has been rising ever since he announced his intention to acquire the platform in mid-April.

In theory this makes it the perfect time to introduce verification for all users at a low cost of eight dollars a month which is arguably worth it just for the entertainment it is provided on the platform these past few weeks.

In practice however this means that there are more people looking to game the Twitter system than ever before.

Low and behold this is exactly what happened when Twitter allowed anyone to buy a blue tick.

It didn’t take long for impersonators to start popping up not surprisingly Twitter’s decision to put an official label in gray on real accounts didn’t really stick out to users.

This is why I personally think Twitter should have kept the blue tick mark process as is and introduced a new verification mechanism instead.

I suppose it’s a bit too late for that now because the botched rollout of Twitter’s verification has done its damage.

Lots of famous people were impersonated including former heads of state and while it was amusing it was equally concerning the most famous case was an account that pretended to be a pharmaceutical company promised free medication for all and caused the stock of the actual company to crash.

Unfortunately Twitter’s attempts to ban these impersonator accounts were unsuccessful and the platform was forced to pause its new verification features until further notice, this means that Twitter is losing out on much needed revenue but so far it continues to stay afloat.

Posted on and Updated on by 100cryptoblock

Blockchain Education Review

Blockchain Education is a Cryptocurrency trading service and educational programme which they devote to teaching you how to trade Cryptocurrency. Here at BRG we have been a member at Blockchain Education since the very beginning and we highly recommend it to anyone who is interested in trading Cryptocurrency.

Blockchain Education – real time calls and auto trading

Get real-time calls for Cryptocurrency trades from professionals who have a proven track record. 24/7 technical analysis. There is always someone available via their chat system to advise you on your trades. Ask questions and discuss via their active chat system where you can meet similar people interested in making a profit from cryptocurrencies (who isn’t?) as well as ask questions to their helpful community. Watch their training programme which has over 100 hours of videos to teach you what to look for when trading. BRG is a big fan of Blockchain Education.

Their most recent addition is auto trading which has really taken things to the next level. Using your Binance API you can get automatically entered into their calls. You set your desired % profit you are looking for and the trade will be automatically sell at this %.

In just over one year and six months, they have done over 2700 live calls. They now have over 5 successful traders available making calls and are available to you to help you learn to trade for yourself.

They even have a practice exchange which is great for learning purposes where you can trade but not risk any money. If you are new to trading we suggest you always start with the practice mode.

They give you the tools you need to be a successful trader or alternatively they give you a passive income through their auto trading.
Best thing about Blockchain Education: Best thing is the calls system. They give you calls from professional traders which have a very impressive proven track record.

Worse thing about Blockchain Education: Due to the high price this service is not for those on a small budget.

 

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3-Minute Bitcoin Guides: Understanding Bitcoin Fees and How to Cut Them Down

As Bitcoin’s value continues to increase, so do the transaction fees. You can reduce your BTC fees by consolidating data packets, transacting during off-peak periods, and using SegWit.

Since Bitcoin and other cryptocurrencies began to rise in 2020, the fees associated with Bitcoin transactions have been under greater scrutiny. As prices reached new all-time highs throughout 2021, this only increased the amount of attention paid to these fees. The reason for this is that when a BTC user has a higher value transaction, they also have to pay a higher fee.

There are four primary elements that affect how much you pay in transaction fees for Bitcoin: the number of inputs, the number of outputs, script complexity and multi-signature capability.

When BTC users initiate transactions, they include different bits of information. As more inputs are added to a transaction, the size of the data packet increases. Since Bitcoin blocks are limited to 4 MB, large transactions limit the number of BTC transactions that can be included in a block. Consequently, large BTC transactions will have higher fees than smaller ones.

BTC users who start transactions are also charged for the outputs. The outputs refer to what is sent to both the transaction initiators and recipients after miners have processed the transaction. Those who initiate BTC transactions must pay beforehand for the required outputs that need to be generated and sent to various BTC user account addresses.

If a BTC transaction uses script complexity to reduce the size of a data packet, increase the security of the transaction, or for some other reason, there will most likely be a fee assessed for the ‘privilege’ of using the complex script.

The multi-signature feature lowers the cost of smart contracts and BTC payments by requiring a specific number of signatures before a transaction can be completed on a platform. For using the multi-signature option, platforms charge high transaction fees to Bitcoin users. The multi-signature functionality saves BTC smart contract users money but increases their costs in transaction charges.

Try to limit the size of data packets sent for processing on the blockchain. If possible, use shortcuts or special features that can help make your transactions quicker and take up less space.

When fewer people are using the platform, transaction fees are lower and transactions processed quicker. So, it’s advantageous to process your transactions during these times.

By utilizing SegWit, you can essentially shrink the size of your data packet. The result? You guessed it- lower transaction fees and a quicker processing time for your transaction.

The Lightning Network allows you to process your transactions on a side-chain and then have the results of the transaction sent to the main blockchain. You can also process a string of transactions and then consolidate them on the Lightning Network. This will help reduce your transaction fees, speed up your transactions, and ensure that the results are recorded on the blockchain’s ledger.

Choose your cryptocurrency exchange depending on which services are most important to you, the fees they charge, and how well they fit other key criteria such as security or available payment methods.

If you want to avoid high transaction fees, choose bank transfer as your payment method. PayPal and credit/debit cards tend to have the highest fees. But before sending a transaction to the mempool, think about which payment method you’ll use and how it will affect the cost of your transaction.

You are charged less per transaction when you send one large transaction rather than multiple small ones.

Make sure you’re aware of all of the costs you may incur when using that platform before deciding on a platform to execute your transactions. You should compare numerous platforms and select the ones that assess you the least money for processing your transactions while still being efficient.

Use these methods the next time you do a Bitcoin transaction to help lower fees!