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Showing posts from December, 2020

DeFi Yield Protocol (DYP) launches its staking and governance DApp

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DeFi Yield Protocol (DYP) aims to offer impressive returns to users with minimal risk, DeFi Yield Protocol (DYP) goes into staking. This new adventure for the protocol has been made possible with the creation of a DAPP that should improve the earning potential of its users. In order to convince the latter, the protocol decided to add some unique features.   Anti-price manipulation functions of the DYP With its new betting platform, anyone who wishes to do so will now be able to provide liquidity to DYP. The platform has been designed to provide users with unprecedented token price stability and security. All this will now be possible with the integration of anti-handling functions in the new DApp. This is a mechanism triggered by a smart contract that converts all rewards from the liquidity pool into Ether. By using ETH for the distribution of rewards, the anti-handling function reduces the risks associated with the volatility of DYP prices. This mechanism is executed every da...

Bitcoin Options (BTC) volume surpasses $1 billion for the first time

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Bitcoin (BTC) is like a high performance athlete in pole vaulting, continually striving to reach higher and higher bars. BTC has recently reached a new ATH above $24,000 USD. BTC derivatives are also recording significant increases. Exchanges and a Bitcoin close to a billion dollars According to a tweet published by Skew on December 17, 2020, the volume of BTC options surpassed the billion dollar mark on December 16, 2020. The industry-leading Deribit exchange had the largest volume of BTC options at $879 million. Bit.com, the derivatives exchange belonging to the Bitmain-supported Matrixport service platform, took second place with a volume of $84 million. OKEx completes this podium with a volume of 62 million dollars. Bitcoin's options market experienced strong growth throughout the year. The significant increase in volume coincides with the increase in open interest on BTC options. Skew statistics show that open interest on BTC options is approaching $6 billion on December 16, 2...

Goldman Sachs, Bitcoin (BTC) is not a threat to gold

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The battle of opinions between gold and Bitcoin (BTC) is far from having reached a verdict with supporters on both sides constantly throwing spades at each other. While the safe-haven function of both assets is often mentioned, Bitcoin supporters believe that cryptography will eventually wipe gold off the radar. The opposite camp, represented this time by the head of raw materials research at Goldman Sachs, does not share this opinion. The latter notably qualified cryptomoney as a hedge against inflation and compares it to copper. Bitcoin seems very similar to copper Jeff Currie, Commodity Manager at Goldman Sachs, spoke on the battle between gold and Bitcoin. Looking at how the price of cryptomoney has evolved in recent months, he said that it is very similar to copper. Asked by Bloomberg Markets to provide an explanation for his comments he said: "They are both indicators of growth and risk, and I would say that Bitcoin is a hedge against inflation in the retail sector". Wh...

Buy cryptomoney via Apple Pay without KYC: With the Lumi wallet, it's possible

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Apple will certainly not create cryptos like Facebook, but it does not stay away from the cryptosphere. Apple Pay makes its entry on Lumi. Lumi users have an additional payment method to buy cryptos. Low ceilings for Apple users The Lumi multi-cryptos wallet, which allows to buy, store and exchange cryptomoney, has added Apple Pay to its list of payment methods. Since December 11, 2020, with the release of the latest version of the application, this payment option has been available to Apple users. The process of purchasing cryptomoney is even simpler since it does not require KYC verification, for those who already have an account with the Apple Pay wallet. The daily and weekly limits are quite low. For American citizens, they are set at 500 USD per day; the annual limit is 5,000 USD. For non-US citizens, the weekly and daily limits are $1,000; the annual limit is $7,500. Simplicity, functionality, efficiency According to Lumi's team, the integration of multiple payment methods in...

After the 23,000 dollars, Bitcoin is heading towards 100,000 dollars

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One unit of Bitcoin (BTC) equals 100,000 dollars by the end of the year 2021? This is the forecast that Anthony Pompliano claims today as BTC continues to surpass its historical high today with a price that has surpassed $23,000.  Anthony Pompliano, better known as "Pomp" is one of the most important figures in the crypto ecosystem. And the "Pomp" as he is now called is not just anyone. Indeed, after working for tech giants like Facebook and Snapchat, he created an investment fund called "Morgan Creek Digital Assets". This investment fund allows institutional investors and "family offices" to access cryptoactives, especially Bitcoin.  What are the fundamentals that make it possible to tell Anthony Pompliano that Bitcoin will reach $100,000 by 2021? According to him, there are many elements to explain the recent explosion in the price of Bitcoin: investors who are more educated on the subject of cryptomoney, a complicated economic situation, but a...