Seasoned cryptocurrency traders saw it coming a few weeks ago. A few of them even sounded the alarm, but not everyone paid attention. What ended up happening was not as bad as some expected, but in the end we ended up with a massive sell off that eroded the markets…
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Bitcoin's Bear Market Causes Interesting Patterns to Emerge in Stablecoins
With Bitcoin going through a bear market that has caused it to plunge near the $30,000 level, analysts have noticed an interesting pattern forming with regard to stablecoins. Over the last five days, the trading volume of stablecoins, those digital currency tokens pegged to the value of fiat money…
This is Why the CELO Token Has Been Appreciating Lately
Decentralized finance technology projects continue to dominate news headlines related to the cryptocurrency markets, and the latest development in this regard is known as Celo, a platform that allows smartphone users to conduct certain blockchain transactions. Similar to other DeFi projects, Celo is a side chain ecosystem that supports ERC-20…
Can Para Chains Improve Blockchain Network Capacity and Reduce Congestion?
The decentralized finance projects that have caught the most attention from the cryptocurrency community are side chains that seek to augment or compete against the Ethereum network, but the dynamic nature of DeFi is now giving way to a new type of project called para chain. The DeFi platform known…
Be Careful When Using Leverage to Trade Digital Currencies
With Bitcoin and other major cryptocurrencies enjoying a bull market that does not seem to end, traders are starting to see more offers enticing them to take a chance on derivative instruments similar to options and futures contracts. Almost invariably, these offers will be accompanied by a suggestion to apply…
DeFi Emerges As Major Economic Force
When the working group that envisioned the idea of a Bitcoin blockchain released its seminal white paper, the possibility of developing apps on cryptocurrency networks was mentioned, but it is difficult to say that the BTC founders would have seen the rise of Decentralized Finance technology and its profound economic…