Cryptocurrency Exchanges

The SEC Will Not Ban Crypto, That Would Be Up To Congress, Says Gary Gensler

The Securities and Exchange Commission’s Chairman, Gary Gensler, told Congress that the SEC will not ban cryptocurrencies. This is a huge relief, even though Gensler then said “that would be up to Congress.” The SEC Chairman is in the middle of quite a press tour, spreading his opinions on crypto around. Those had a lot of people worried, but today Gensler specifically said an outright ban isn’t on the cards. Related Reading | SEC’s Gary Gensler Crumbles When Asked If Ethereum Is A Security SEC Chair: No interest in a

Here’s how Tether is bringing stiff competition to the US Dollar

Tether has become more mainstream than ever. It ranks third with a market capitalization of $13.7 B with its market dominance having increased by 2.9% since August 31, 2020.Source: CoinMarketCapHowever, this level of dominance and explosive growth makes it an outlier in stablecoins. Tether was introduced as the ‘digital dollar’ for facilitating entry into cryptocurrency markets and trading. However, it has become more instrumental to liquidity on exchanges.The Tether inflow to cryptocurrency exchanges has increased in the past 30 days. Source: ChainalysisThus it is instrumental in generating liquidity to absorb demand

Binance Looking to Mimic DeFi Liquidity Pools with Centralized AMM

Following the DeFi craze that lured participants in with Automated Market Maker (AMM) systems, centralized exchanges like Binance are now eager to follow suit. One of the largest centralized cryptocurrency exchanges around, Binance has launched its own AMM liquidity swap on Sep 4. The Trend in Market Making Earning fees as a liquidity provider has been a possibility for some time, ever since the first decentralized exchanges were launched. With a lot of progress being made on providing liquidity in decentralized markets, AMM systems came into the limelight recently when

Latin America sends a ton of crypto to Asia, and vice versa

New York-based blockchain analytics firm Chainalysis has published new research highlighting there have been up to 200,000 crypto transactions in the past year, worth more than $1 billion between Latin America and Asia.The study Latin America Mitigates Economic Turbulence with Cryptocurrency, analyzed crypto trends in Latin America between July 2019, and June 2020, and shows that banking access issues and the need for remittances are driving unique patterns of cryptocurrency usage, especially in crossborder commercial-related transactions.While North America and Western Europe are the biggest source of fiat remittances to Latin

What is YFII? A Guide to the Decentralized Mining Pool

YFII is a DeFi protocol that facilitates yield aggregation and uses a token halving model to ensure equitable distribution of tokens. It is a fork of YFI. Decentralized lending is the driving force behind decentralized finance (DeFi) projects. Those who provide liquidity to these projects earn interest through yield farming or liquidity mining. Some DeFi networks have their own token that increases rewards to yield farmers. Others like YFII have been forked from other protocols to prevent a reduction in pool liquidity through a scheduled halving model. In the Chinese

What is Sushiswap? A Complete Guide to $SUSHI

Does the mention of Sushi remind you of Japan? Well, now it should remind you of something else, decentralized finance (DeFi). Just as Sushi is popular in Japan, SushiSwap is popular in the DeFi world. Part of its popularity comes from the fact that $250 million was locked in its smart contract within 24 hours of its release. This mirrors another DeFi protocol, YAM, which has gained a lot of hype but was later destroyed by errors in its smart contract and nearly faded from existence in a few days.

To Do Crypto or Forex Trading? Here are Major Differences, Pros and Cons for Each

Crypto and forex or foreign exchange trading are similar in multiple ways: they both involve trading and exchanging of currencies. If you were looking into which one to do, we got an entire list of things you can consider, the challenges, benefits and drawbacks for engaging in each. Forex is still a considerable choice for those willing to invest in regulated currencies, hedge against international currency and interest rate risk, to speculate on geopolitical events, and to diversify portfolios, and other styles. Managers, commercial banks, central banks, money managers and