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95% of Crypto Futures Volume Originates From Asian Exchanges

According to a new report by Blockchain Valley Ventures, the majority of crypto futures volume is in Asia. BitMEX has been surpassed by the Binance, OKEx, and Huobi in terms of spot and derivative exchange volumes. From Q1 to Q2, futures volume have also seen a jump of $60 billion. The report also predicts that there will be several acquisitions […]

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Defi Has A Dark Side

DeFi tokens continue to flood the markets as developers are minting new coins and listing them on Uniswap every day. While this might present an earning opportunity for some, the number of the so-called ‘rug pulls’ is also on the rise. Investors need to be extremely careful and selective when it comes to the tokens […]

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Police Seize South Korean Crypto Exchange Coinbit for Allegedly Inflating Trading Volumes

The Seoul Metropolitan Police Agency has reportedly seized local crypto exchange Coinbit for allegedly inflating trading volumes. The exchange is accused of using multiple “ghost accounts” to inflate trading volumes. About 99% of Coinbit’s trading volume is said to have been manipulated in recent months, which resulted in “unfair profits” of at least 100 billion […]

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Software Startup Puts 40% of Cash Reserves Into Bitcoin

Canadian-based Snappa announced that it’ll move a significant amount of its cash reserves into bitcoin (BTC), citing concerns of inflation and global economic uncertainty. In a personal blog post, co-founder Chris Gimmer explained his company’s belief that traditional savings accounts are inferior to other options for growing cash reserves. The company did not mention the number of bitcoin it currently […]

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Bitcoin Ad Appears On The Cover Of Popular Newspaper

A Bitcoin (BTC) ad has appeared on the cover of Apple Daily, a popular Hong Kong-based newspaper.  In the ad, the phrase “Bitcoin will never ditch you” is written in English, and this is accompanied by “Banks, you’re not ditching me today – I’m ditching you.” in Cantonese.  The front-page ad doesn’t seem to be promoting anything […]

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Binance Announces DeFi Staking

Binance has announced its DeFi staking program, allowing users to earn staking rewards on select assets. At the moment, users are able to stake Kava (KAVA) & Dai (DAI) on the exchange in order to earn rewards.  WazirX – a subsidiary of Binance, also recently announced it was developing a DeFi product known as an automated market maker in collaboration with Matic (MATIC). Stake […]

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What is A (DAG)?

Directed Acyclic Graph (DAG) refers to a data structure that is built in one single direction, yet branches out and never repeats. Directed = Connections between two points (nodes) have directions such that A -> B is not the same as B -> A. Acyclic = Opposite of cyclic where you’ll end up where you started […]

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Aave Set To Bring Home Mortgages To DeFi

Defi Home Mortgages Are Coming. Aave will partner with real estate tokenization firm RealT to bring home mortgages to its platform. Details are rather scarce at the moment, though this feature is expected to be included in version two of the protocol.  On top of that, Aave also plan to include transaction fee optimisations in […]

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What Is RaaS?

There is now such as thing as “Ransomware-As-A-Service” (RaaS). A new ransomware- Avaddon, offers revenue-sharing for anyone who successfully deploy the software on unsuspecting victims. “RaaS allows hackers to focus their efforts on malware development, rather than finding new places to deploy their attacks” according to cyber intelligence firm, DomainTools. Another interesting point to note also […]

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Crypto Scam Protection

MyCrypto has released a new feature designed to prevent anyone sending money to scam Ethereum (ETH) addresses – dubbed Protected Transactions.  “Protected Transactions provides a layer of validation for everyone and is way to remove that fear [of sending to scammers] from the equation.” – Founder and CEO Taylor Monahan said. The feature announcement also comes with MyCrypto’s […]