Author: bitcrypto.io
What is a futures contract? A futures contract is an agreement to buy or sell a commodity, currency, or another instrument at a predetermined price at a specified time in the future. Unlike a traditional spot market, in a futures market, the trades are not ‘settled’ instantly. Instead, two counterparties will trade a contract, that defines the settlement at a future date. Also, a futures market doesn’t allow users to directly purchase or sell the commodity or digital asset. Instead, they are trading a contract representation of those, and the actual trading of assets (or cash) will happen in the…
With the anarcho-capitalist and libertarian leader Javier Milei taking power in Argentina in December 2023, many felt that his plans to rebuild the national economy and dollarize it would help BitcoinBTC 0.0% and cryptocurrencies adoption in the country. But after a few months of his government, more regulation is coming. In late March, the Comisión Nacional de Valores in Argentina announced a new mandatory Registry of Virtual Asset Service Providers for those operating with crypto assets in the country. Companies and individuals doing that activity now will be asked to comply with the registration approved on March 14 by the…
Base, the Ethereum layer-2 network developed by Coinbase, has surpassed $1 billion in trading volume on decentralized exchanges (DEX) within a 24-hour period. On March 30, Base recorded a trading volume of $1.21 billion, marking a 25% increase compared to the previous day’s volume of $959.63 million. The majority of the trading activity took place on Uniswap, which accounted for 64.3% of the volume. Other significant contributors were Aerodrome Finance with 9.7% and SharkSwap with 7.8% of the volume. In addition to the surge in trading volume, Base also experienced a rise in daily active users (DAU), increasing by approximately…
The FTX bankruptcy estate has announced the sale of 41 million locked Solana (SOL) tokens for $7.5 billion. The token sales are being facilitated by Galaxy Asset Management, an affiliate of Galaxy Digital Holdings. Interestingly, Galaxy Trading, another affiliate, is reportedly making a bid for the estate’s locked SOL holdings. Meanwhile, Canadian crypto infrastructure firm Neptune Digital has publicly disclosed their acquisition of 26,964 SOL tokens at a price of $64 per token. This purchase represents a significant 67% discount to the market value of SOL at the time. Neptune Digital plans to release 20% of these tokens in March…
Tokenization stands out as a fascinating facet of the blockchain ecosystem, representing the conversion of assets or utilities into digital tokens. Real world assets (RWA) involve the tokenization of tangible assets with clear monetary value, such as gold, real estate, and carbon credits, into tradable digital formats. RWAs have found immense utility in the decentralized finance (DeFi) sector. The integration of RWA in DeFi is often lauded as one of the best examples of traditional finance assets blending with DeFi. How Do RWAs Work? Before jumping into RWA’s utility in DeFi, let’s look at how they work. Specifically, how do…
The exploiter responsible for the $11.6 million exploit of decentralized finance (DeFi) protocol Prisma Finance has reached out to the project, claiming the attack was a “whitehat rescue” and expressing a desire to return the funds. The hacker sent a message on-chain stating, “Hi, this is a whitehat rescue, who can I contact to refund,” from the address associated with the attack. Prisma Finance responded by providing contact information for negotiations. A white hat hacker refers to an individual who discovers vulnerabilities in software code and typically informs the creators rather than exploiting the vulnerabilities themselves. However, in the cryptocurrency…
In a federal court hearing on March 28, former FTX CEO Sam “SBF” Bankman-Fried was sentenced to 25 years in prison after being convicted on seven felony charges. The sentencing, delivered by Judge Lewis Kaplan of the United States District Court for the Southern District of New York, marked the first instance of someone associated with FTX and Alameda Research facing imprisonment following the exchange’s collapse in November 2022. Judge Kaplan found Bankman-Fried guilty of witness tampering related to the revocation of his bail in August 2023, as well as perjury based on his trial testimony regarding FTX user funds.…
Breaking news, TA is hard! If you’ve been trading for at least a little while, you’ll know that making mistakes is part of the game. In fact, losses are impossible to avoid for any trader – even experienced ones who make fewer errors. With that said, there are some trivial mistakes that almost every beginner makes when starting out. The best traders always remain open-minded, rational, calm. They understand their gameplan, and simply keep reading what the market is telling them. This is what you also need to do if you want to succeed! If you develop these qualities, you…
Distributed Validation Technology addresses the centralization issue in Ethereum staking, building a more resilient, secure, and decentralized ecosystem as we head into a new bull cycle. In the rapidly evolving world of blockchain and cryptocurrency, Ethereum stands at a critical juncture. The need for a more decentralized, secure, and equitable staking ecosystem has never been more apparent as the network underwent significant changes, like its transition to Proof of Stake (PoS) and the Dencun upgrade. This is where Distributed Validation Technology (DVT) can help create a more decentralized, secure, and inclusive Ethereum ecosystem. Today, the concentration of staking power among…
While the overall cryptocurrency market remains flat, meme coins have emerged as the standout performers, with Dogwifhat (WIFE) taking the lead. This popular memecoin on the Solana network achieved a new all-time high earlier today. Dogwifhat, a memecoin that debuted on the Solana ecosystem in November last year, has quickly gained recognition in the fiercely competitive meme coin market. WIF surged from $2.98 to reach an all-time high of $3.97, gaining over 28% in the past 24 hours. At the time of writing, it is currently trading at $3.80. This remarkable performance marks Dogwifhat’s best daily showing since its launch.…
