Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
Balancer is an automated market maker (AMM) for multiple tokens. It enables portfolio owners to create Balancer Pools where traders can then trade against these pools. Balancer is still a relatively new liquidity provider (LP) in the decentralized finance (DeFi) space. It only launched in March 2020.
Exchanges, whether they be centralized (CEX) or decentralized (DEX), exist to fulfill buy and sell orders. Their role is to find matches for a wide variety of orders from buyers and sellers so their orders can be executed. Traders rarely find the perfect match on the other side of a trade, so compromises have to be made. Hence, the need for market makers.
A traditional market maker is an individual or member firm of an exchange that buys and sells securities with the primary goal of profiting on the spread. Investopedia describes it this way: “Many market makers are brokerage houses that provide trading services for investors to keep financial markets...
July of 2020 was a pivotal month for the advent of greater cryptocurrency adoption. Several significant announcements in the blockchain space recently point towards increased adoption of cryptocurrency on a global scale. However, the type of adoption in question varies in its appeal and has sparked questions about the future of cryptocurrency and the contrast between its roots and the future uses of the technology.
According to a survey released by HSB in January, at least a third of small-medium sized businesses in the United States accept cryptocurrency as payment for services and goods. The report also indicates that newer companies could be up to twice as likely to accept crypto as payment.
There is a definite shift in how cryptocurrencies are perceived by businesses today from how they have been viewed historically, reflecting the number of merchant services that have recently entered the market. Even fast-food giants such as Subway, Burger King,...
People often turn to Bitcoin and cryptocurrency when they are in need of financial security, but this can be a recipe for emotional investing. Often, this can lead people to become the victim of a Bitcoin scam.
In this article, we will clear up the confusion around whether or not Bitcoin and crypto is a scam. We'll also take a look at the different types of Bitcoin scam formats, how to stop Bitcoin scam emails, and how to tell if you're about to be caught out by a Bitcoin scam or not.
So, is Bitcoin a scam? No, no it is not. Bitcoin is a relatively new technology that serves as a purely transparent, decentralized, and open-source currency. This means that Bitcoin can not be controlled, owned, or manipulated by any governing body or central entity.
Bitcoin is borderless and can be used by anyone in the world with an internet connection.
Due to the strength of the Bitcoin network and the cost to any potential attacker, it would be practically impossible for someone...
Prediction markets use the “wisdom of the crowd” philosophy to make decisions on future events or outcomes. The events predicted can be extremely diverse, such as - elections, sales of a company, price fluctuations of commodities, etc. In this article, we will talk about DeFi prediction markets. These are prediction markets that use the advent of decentralized finance to drive the prediction systems.
So, first thing’s first….
DeFi stands for decentralized finance. It’s a movement that aims to utilize protocols like smart contracts to create decentralized versions of traditional financial products and instruments. A DeFi can be anything from a digital asset, decentralized applications (DApps), financial smart contracts, and protocols that run on top of public blockchains. Some features of these DeFi applications are as follows:
Crypto debit cards seem to be appearing left, right, and center. Each of these offer a bridge between the crypto assets and the traditional financial system, along with various perks and features. In this article we'll take a look at the top five crypto debit cards available, and how they are helping to bring cryptocurrencies to the mainstream.
Currently, there are only a few retailers and merchants that accept Bitcoin or other cryptocurrencies as payment. Though we are still in the very early stages of adoption, traditional financial institutions who have previously dismissed Bitcoin as a scam are now seeking partnerships with cryptocurrency firms to cater to a changing financial landscape.
PayPal, Visa, and MasterCard have come to their senses this year with their decision to make the transition between fiat currency and cryptocurrency smoother. In doing so, they are partnering up with several major crypto players. This aims to offer a...
Blockchain technology is many times hailed as a massively disruptive innovation across industries. As such, blockchain is often linked to the advent of the ”fourth industrial revolution”, or Industry 4.0. Nevertheless, the notion of blockchain technology being a cutting-edge technology means that some people assume it is a novel technology only being explored by blockchain startups.
In reality, however, nothing could be further from the truth. Despite what some mainstream news outlets would lead one to believe, well-known billion-dollar companies are already seriously exploring blockchain. How companies use blockchain technology differs depending on their respective industries, but one thing is clear - blockchain isn’t a gimmick.
As such, this article looks at how some companies use blockchain and how they differ in their implementations. Understanding what companies invest in blockchain technology and showing that large corporations are actively pursuing the...
Blockchain technology first came about with the launch of Bitcoin in 2008 and the technology has, over the years, predominantly been associated with cryptocurrency, ICOs (initial coin offerings), and, more recently, decentralized finance.
The nature of the technology boasts apparent advantages to the traditional financial sector; however, now other industries are beginning to recognize the uses and applications of blockchain, they too are starting to integrate this technology.
Many businesses are finding benefits with the technology's use cases across different sectors. In this article, we will discuss a variety of business models using blockchain in various industries, and how these help shape the fourth industrial revolution, a.k.a. "Industry 4.0".
Blockchain technology, sometimes known as distributed ledger technology (DLT), is a relatively new form of a database for transaction information, stored in a decentralized and transparent manner.
Aave is a decentralized money market protocol that enables users to lend and borrow cryptocurrencies in a trustless manner. There is a wide variety of cryptocurrencies to choose from, and Aave offers both stable and variable interest rates to its users.
We’re looking closer at Aave today because it is quickly establishing itself as a market leader in the lending and borrowing sector of decentralized finance (DeFi). Like other DeFi protocols, there are no lengthy registrations to contend with, nor any KYC (Know Your Customer) or AML (Anti Money Laundering) documents required.
To transact on Aave, lenders must deposit funds into liquidity pools, and users can then borrow from these pools. Each pool sets assets aside as reserves to hedge against volatility. These reserves also help ensure that lenders can withdraw their funds when they’re ready to exit the protocol.
Aave has close to 20 different cryptocurrencies available for...
Altcoins have been stirring up a lot of noise within the crypto community lately. Alts appear to be setting the scene for this coming bull market, with Bitcoin recently pumping back up to its highest price seen since 2017.
In this article, we're going to explore the different types of altcoins on the market, but more importantly, key factors to help you learn what makes an altcoin valuable, including tips and strategies commonly used to yield high returns on altcoin investments. Firstly, let's start with the basics:
Simply put, an altcoin is an umbrella term for any alternative coin to Bitcoin.
You may see or hear coins being referenced by another category name such as tokens, stablecoins, scamcoins, or shitcoins, but fundamentally they are all different types of altcoins.
Bitcoin was the original cryptocurrency created using blockchain technology. Although the protocol is uniquely valuable, some people thought that Bitcoin was too slow...
Derivatives are one of the most sophisticated and mature instruments in the financial market. One of the most exciting things about DeFi is that it allows developers to recreate traditional financial instruments in a decentralized context. The DeFi derivatives market has garnered a lot of steam.
As per DeFi Pulse, DeFi derivatives applications have >$500 million locked up, with Synthetix being the clear market leader. If properly executed, DeFi derivatives can bring a whole new class of investors and institutions. But before we do so, let’s look into the definition of financial derivatives.
In finance, a derivative is a contract that derives its value from an underlying entity's performance. The contract specifies the exact conditions under which two parties can transact with each other. These conditions include: