Blockchain

Mark Cuban thinks Wall Street stands no chance against digital natives

Published

8 months ago

February 1, 2021

Entrepreneur and Dallas Mavericks owner Mark Cuban has weighed in on the recent clash between Wall Street and the r/Wallstreetbets Reddit community.

In a Jan. 31 blog post, Cuban suggested that the old-school investment community is currently taking a kicking from what he describes as the “Store of Value Generation.”

These millennials have developed a greater understanding of the value of digital assets, having been brought up in a world where music was more often shared as a digital file than a physical object.

Blockchain technology, nonfungible tokens and smart contracts now allow any asset which can be represented digitally to act as a store of value, with provable scarcity and without many of the downsides of physical collectibles:

“This generation knows that a smart contract and the digital good it reflects or a CryptoAsset are a better investment than old school see, touch or feel uses.”

Cuban goes on to point out that a stock is just another digital store of value, and that the new generation has simply found and taken advantage of the inefficiencies in the legacy stock market system.

They have realized that by working together they minimize Wall Street’s power, and exposed the hypocrisy of hedge funds and brokerages putting out buy notes to millions of clients while crying foul when a subreddit does the same thing:

“Fat and happy Wall Street has become slow, stale and set in their ways, which makes them an easier than anyone would expect target.”

This year, Cuban has come out as a bigger crypto follower than he has previously let on, even recently minting some limited edition NFTs on Rarible.

Source: https://cointelegraph.com/news/mark-cuban-thinks-wall-street-stands-no-chance-against-digital-natives

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Blockchain

GIBX Swap: Sky is the Limit for the Best Decentralized Exchange Platform

The era of decentralized exchanges has come with the maturity and application of digital technologies.

Published

30 mins ago

September 20, 2021

Republished by Plato

The value of GIBX Swap, which focuses on mainstream cryptocurrencies, is predicted to continue growing, shortly after its recent launch, and its price has the potential to reach record heights.

The first and leading decentralized exchange platform in the world has been launched on Sep.14,2021. Two days later, it is announced that GIBX Swap has started trading.

Meanwhile, due to its reputation, it has officially been listed on CoinMarketCap, the world’s most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space.

Decentralized tech and business

DeFi, shortened for Decentralized Finance, has been catching on since 2020. GIBX Swap holds the view that being decentralized is prerequisite to DEX. Traditional exchanges tend to be centralized.

On the one hand, it serves as information intermediaries, solving the issue of asymmetry of information to some extent; on the other hand, it create a new information asymmetry in favor of itself by the monopoly and manipulation of information, sometimes at the cost of the legitimate interests of clients.

No matter how the stock market performs, centralized exchanges can rely on charges and fees to guarantee their revenues.

As far as GIBX SWAP is concerned, the era of decentralized exchanges has come with the maturity and application of digital technologies. As a new type of exchange, the decentralized exchange makes the fullest use of the decentralization of blockchain, building peer-to-peer trust and transactions, with no intermediary.

The transaction links are all on the chain and performed directly by the open-source smart contract. As long as the user has and keeps the private key, he/she doesn’t have to worry about property security.

GIBX Swap features decentralized technologies with its brand-new block chain trading underlying platform, new generation of trading contract and cross-chain decentralized exchange, and complete business model with asset safety, market liquidity, trading fairness, ecological openness and transaction experience.

It aims to become the benchmark for DEX platforms and the leading DEX platform for token swaps.

GIBX Swap is an automated market maker (AMM) that allows a user to exchange two tokens. The liquidity provided to the exchange comes from Liquidity Providers (“LPs”) who stake their tokens in Liquidity Pools. In exchange, a user gets LP tokens that can also be staked to earn X tokens in the “Pool”.

Blockchain security protection from inside and outside

GIBX Swap puts emphasis on blockchain security protection. For one thing, it strengthens its own security from inside; for another thing, it has its smart contract technology code audited. Certik, the world’s leading block chain security audit institution has provided an audit for the project.

Established by the research team from Yale University and Columbia University with a decade of research, Certik has been providing code security audit services for blockchain applications and smart contracts, and the highest level of code security solution.

It is announced that GIBX Swap has passed the Certik security audit, which is carried out in a comprehensive review from Static Analysis, On-chain Monitoring, Social Sentiment, Governance & Autonomy, Market Volatility and Safety Assessment in search of potential safety hazards and possible production vulnerabilities.

It is confirmed once again after the audit by Certik that the technical code delivered by GIBX Swap is at a very high level of security, and GIBX Swap has the initiative to perform security tests.

Price predicted to reach new high

GIBX Swap is highly committed to the supplier of true value, fairness, and innovation to decentralized finance through high-quality products and services.

It aims to become a benchmark for DEX platforms and take up the mantle of becoming the leading DEX platform on the market for token swaps. GIBX Swap is fast, secure no which anyone can swap and earn tokens.

A growing number of people has been paid attention to GIBX Swap ever since its launch. There have been over 46,000 followers in twitter, and more than 90,000 members in its TG.

GIBX Swap has shown strong potential lately and this could be a good chance to invest. Its value is expected to continue to expand, as shortage tends to encourage price rise.

In terms of price, GIBX Swap has an outstanding potential to reach new heights. X is forecast to increase in value. GIBX Swap can hit the highest price of $23.62 till 2030.

GIBX Swap is affiliated to GIBX, an international comprehensive Internet brokerage firm created by GIB Global Investment Bank & Capital Trust and a digital asset trading platform covering forex functions. GIBX has teamed up with world-renowned cryptocurrency platforms and top liquidity providers, including but not limited to: CoinMarketCap, CoinGecko, JPMorgan Chase, Goldman Sachs etc. in order to provide users a more transparent and convenient trading experience. As a financial trading platform regulated by international authorities such as FCA, ASIC, NFA, GIBX strictly follows all rules and regulations and uses reliable risk management solutions to ensure the safety of users’ capital.

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Source: https://www.financemagnates.com/thought-leadership/gibx-swap-sky-is-the-limit-for-the-best-decentralized-exchange-platform/

Blockchain

Solana, Polkadot, Algorand: What is the Bitcoin effect on these altcoins

Published

1 hour ago

September 20, 2021

Republished by Plato

With the market trading in red today pretty much all coins including Bitcoin and Ethereum are falling. However, there are some coins that made excellent gains in the last 2 months which are now facing huge price falls as well.

Which alts though?

Solana, Polkadot, and Algorand were three altcoins that successfully rallied between July and August. Polkadot rose from $12.34 all the way to $34.45 registering a 214.33% growth. Similar gains were observed for Algorand as the coin breached $2 and marked a 230.26% rise.

The most gains were seen by Solana holders though mainly because the altcoin shot up 713.94%. An increase this high was the result of the NFT hype which took it up from $26.68 to $191.07

Solana’s 713% rise | Source: TradingView – AMBCrypto

In fact, Solana and Algorand even registered new all-time highs during this time period. But each of these coins is now observing significant price falls as well.

In the last 24 hours ALGO fell by 15.26%, DOT came down by 14.37% and SOL lost 16.8% of its price as of press time.

A huge reason behind this fall is also their exhausted momentum since even after the September 7 fall, DOT and ALGO witnessed another price rise before they finally hit a slowdown.

Algorand’s 15.26% drop | Source: TradingView – AMBCrypto

Owing to this investors are possibly getting rid of their holdings in both spot and derivatives markets. Sell volumes at the time of this report have increased and liquidations rose to millions for all 3 altcoins. Since SOL gained the most, it lost the most as well and its liquidations touched $25 million.

Solana liquidations at $25 million | Source: Coinalyze – AMBCrypto

Can Bitcoin save them?

Well since Bitcoin’s price movement commands the market’s movement it is obvious that BTC needs to reduce losses first. But more importantly, these assets’ correlation to Bitcoin will determine how much they will be affected by BTC. Right now Algorand is at the lowest at 0.57, followed by Solana at 0.7, and at the highest is Polkadot (0.88)

However, surprisingly, investors are most positive about Algorand of all three hoping for a recovery soon.

Investor sentiment | Source: Santiment – AMBCrypto

Once Bitcoin and Ethereum change their movement, other coins would follow suit. And that’s when some recovery can be expected.

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Source: https://ambcrypto.com/solana-poladot-algorand-what-is-the-bitcoin-effect-on-these-altcoins

Blockchain

Kraken Daily Market Report for September 19 2021

Published

2 hours ago

September 20, 2021

Republished by Plato

Overview

Total spot trading volume at $598.4 million, the 30-day average is $1.36 billion.
Total futures notional at $223.4 million.
The most traded coins were, respectively, Bitcoin (-2.2%), Ethereum (-3.1%), Tether (0%), Solana (-9.9%), and Cosmos (+8.8%).
Cosmos continues its hot streak, up 8.8%. Also strong returns from OMG (+10%).

September 19, 2021 $598.4M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD
BTC $47237. ↓2.2% $159.9M	ETH $3328.3 ↓3.1% $112.5M	USDT $1.0001 ↓0.01% $66.5M	SOL $152.62 ↓9.9% $39.4M	ATOM $44.205 ↑8.8% $34.8M
ADA $2.2816 ↓3.7% $33.9M	DOT $33.828 ↓2.9% $28.0M	USDC $1.0 ↓0.01% $19.8M	ALGO $1.975 ↓4.8% $16.0M	XTZ $6.5085 ↑1.1% $16.0M
XRP $1.0480 ↓2.5% $11.6M	LINK $27.364 ↓3.3% $8.56M	DOGE $0.2329 ↓3.3% $7.51M	LTC $181.89 ↑0.24% $7.26M	OMG $9.6562 ↑10% $6.8M
KSM $400.45 ↓4.2% $6.65M	EOS $4.912 ↓9.9% $4.86M	CRV $3.0345 ↑5.8% $4.84M	BCH $610.63 ↓3.2% $4.79M	DYDX $14.288 ↓12% $4.55M
MATIC $1.3112 ↓4.1% $4.14M	XLM $0.3134 ↓2.7% $3.04M	MOVR $387.12 ↓2.1% $2.95M	MINA $5.38 ↑1.7% $2.88M	ZEC $133.55 ↓3.8% $2.77M
TRX $0.1037 ↓2.0% $2.4M	AAVE $339.02 ↓4.5% $2.29M	SC $0.0180 ↓5.1% $2.02M	XMR $260.10 ↓4.2% $1.99M	FLOW $20.114 ↓2.9% $1.93M
DAI $1.0002 ↑0.01% $1.85M	ANT $5.9664 ↓3.2% $1.76M	MLN $123.19 ↑2.4% $1.72M	SNX $12.82 ↑1.7% $1.47M	DASH $192.81 ↓3.6% $1.32M
NANO $5.5184 ↓0.9% $1.31M	OXT $0.3665 ↓2.7% $1.29M	ETC $55.316 ↓2.8% $1.26M	SRM $9.8570 ↓8.9% $1.23M	KAVA $6.0120 ↓4.3% $1.09M
CQT $1.193 ↓2.6% $907K	ICX $1.7976 ↓6.7% $837K	SDN $5.84 ↓2.7% $819K	KEEP $0.4473 ↓6.4% $809K	UNI $23.906 ↓2.3% $807K
WAVES $27.5 ↓5.1% $798K	KAR $9.941 ↓11% $790K	FIL $83.437 ↓1.0% $725K	YFI $32933. ↓2.6% $649K	COMP $392.7 ↓2.1% $599K
QTUM $12.145 ↓3.3% $577K	OCEAN $0.7578 ↓5.7% $577K	SUSHI $12.017 ↓5.3% $513K	REN $0.8905 ↓5.9% $501K	GRT $0.8017 ↓3.4% $429K
RARI $19.69 ↓7.9% $406K	KNC $1.7345 ↓3.5% $339K	STORJ $1.3421 ↓3.9% $318K	PAXG $1763.7 ↓0.21% $305K	BAT $0.7403 ↓1.3% $269K
CTSI $0.6513 ↓3.6% $268K	AXS $63.35 ↓2.2% $245K	ENJ $1.5619 ↓4.9% $220K	LSK $3.6100 ↓0.6% $216K	ZRX $1.047 ↓5.4% $207K
EWT $10.199 ↓4.7% $197K	BAL $24.71 ↓3.9% $191K	MIR $3.6362 ↓3.0% $177K	CHZ $0.3165 ↓3.6% $156K	1INCH $2.9619 ↓4.3% $142K
GNO $265.44 ↓5.0% $141K	PERP $14.055 ↓5.7% $139K	MANA $0.7986 ↓2.8% $136K	BADGER $20.576 ↓8.8% $136K	OGN $1.0027 ↓5.0% $125K
MKR $2730.0 ↓2.9% $115K	INJ $10.950 ↑2.0% $99.1K	REP $25.857 ↓1.8% $95.5K	LPT $18.11 ↓4.2% $89.2K	ANKR $0.0947 ↓0.3% $76.3K
LRC $0.4531 ↓1.5% $71.4K	GHST $1.6867 ↓1.2% $56.2K	BAND $8.852 ↓4.2% $48.2K	SAND $0.7381 ↓4.7% $43.9K	TBTC $48240. ↓3.4% $32.5K
REPV2 $25.234 ↓3.7% $27.3K	BNT $3.923 ↓1.3% $15.5K	WBTC $47699. ↓0.4% $12.3K

#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset

The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (September 20 2021)

Figure 2: Mid-size trading assets: (measured in USD) (September 20 2021)

###########. Daily Returns. #################################################

Daily Returns %

Figure 3: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (September 20 2021)

###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.