PRESS RELEASE. Leading personal financial services’ evaluator, the Ascent, named KuCoin crypto exchange the best cryptocurrency app of 2022. The Ascent is a flagship product of world-renowned private financial and investing advice company, The Motley Fool. Ascent rated KuCoin Exchange based on factors like fees, selection of coins, customer reviews, KYC rules, security features and […]

Trader Nicholas Merten called the metaverse sector the most promising direction of the crypto market in 2022. According to the analyst, altcoins from this sector have been the leaders in terms of returns for the past few months. Metaverse tokens will be able to show similar dynamics in the next year, Merten believes. The concept of metaverse has been around for a long time, but before its popularity was hindered by two factors: a weak technological base and distrust of the online environment. From a “trend” metaverse started to turn into “real life” and the needs of users began to grow with an incredible speed. The familiar 2D pictures and lack of user uniqueness became more and more of a problem. The solution to improve metaverse came from the MetaBody, forming a new market of realistic and creative avatars behind it, and some companies are already making progress in mastering it. The MetaBody is a project that provides ultra-realistic 3D avatars for use in the meta-universe and beyond. The MetaBody was established to develop high-end custom avatars, communities and tools to accompany holders in their metaverse experience. “The development of the metaverse directly depends on the quality and realism of the avatar. Unique metaverse characters, moreover with the possibility to create a custom image, is a new stage of metaverse development which really feels like real life”, – comments MetaBody Studios. The first thing one wants to see in a metaverse is a new level of quality and the universe as close to real-life as possible. The main use of the MetaBody in the metaverse. Avatars can be integrated into existing and emerging virtual worlds. However, this is not the only use, in the future, the MetaBody can be used to perform at virtual events. Avatars can hold a VR concert on their own or participate in the show of a new digital clothing collection, It is also worth noting being rendered in any surroundings and having their own social media: examples of practical use can be found on the Instagram page of user Anelie Godar. In the future, the MetaBody Studio plans to add more file formats to ensure seamless integration into emerging metaverse and other virtual worlds. A limited set of avatars will be custom and made according to client’s wishes. The MetaBody allows you to be anything you want. The MetaBody is not a trend that should take root in the realm of the metaverse. It is a step toward perfect quality unique avatars for metaverse users. The MetaBody is quickly becoming a cornerstone of Web-3.0 development and integration into future business processes, it is clear that related markets serving such traction will flourish. The MetaBody project intends to offer its users some of the most versatile and exclusive avatar collections on the market, highlighting the uniqueness and individuality of its owners.

Cryptocurrencies such as Bitcoin and Ethereum are traded on hundreds of various exchanges globally, and the price of a cryptocurrency on one exchange may differ from that on another exchange. Cryptocurrency arbitrage is a method in which traders purchase a cryptocurrency on one exchange and quickly sell that cryptocurrency for a higher price on another exchange.  This is where the old Wall Street tactic of ‘arbitrage’ comes into play. ‘Capturing the arb’ refers to profiting from the fact that an asset is selling for a low price in one exchange but a greater price in another. Traders use crypto arbitrage to take advantage of cryptocurrency’s lower price on one exchange by buying and selling it instantly for a higher price on another exchange.  Why are the Prices of Cryptocurrencies on Crypto Exchanges so Different? Centralized Exchanges The first thing to understand is that cryptocurrency pricing on centralized exchanges is determined by the order book’s most recent bid-ask matched order. So, the most recent price at which a trader buys or sells a digital asset on an exchange is termed the exchange’s real-time price. For example, if the most recently matched market order on an exchange is to buy bitcoin for $40,000, this price becomes the platform’s newest bitcoin price. The next matching order will determine the cryptocurrency price after that. Therefore, price discovery on exchanges is a constant process of deciding a cryptocurrency market price based on its most recent selling price. Decentralized Exchanges On the other hand, decentralized crypto exchanges utilize a different approach to price crypto assets. This is referred to as an ‘Automatic Market Maker’ approach since it relies on crypto arbitrage traders to keep prices consistent across exchanges. Decentral exchanges use liquidity pools rather than using an order book system to match buyers and sellers to trade cryptocurrencies at a specific price and volume. A separate pool must be set up for each cryptocurrency trading pair. What Are Different Types of Cryptocurrency Arbitrages? The most popular cryptocurrency arbitrage techniques used by crypto traders are discussed below: Deterministic Arbitrage This is the most common arbitrage technique. It entails traders purchasing and selling a digital asset on two exchanges at the same time to profit from market inefficiencies. The trader finds arbitrage opportunities on two different exchanges, buys the asset on the lower-priced platform, then sells the asset at a higher price on the higher-priced platform. Triangular Arbitrage It is also possible to profit from the uncorrelated pricing of three cryptocurrency pairs on an exchange, particularly if one of the cryptocurrencies is underpriced on the platform at the time. A trader may, for example, exchange BTC for ETH, convert ETH to SOL, and then trade SOL back to BTC. To summarise, this procedure entails shifting funds between BTC/ETH, ETH/SOL, and SOL/BTC combinations to accumulate more BTC. Decentralized Arbitration Traders use this approach to perform arbitrage trades on decentralized exchanges (DEXs) like Uniswap, Balancer, and Curve. Arbitrageurs can buy and sell pooled digital assets undervalued or overvalued on these various DEX platforms. These activities inevitably lead to price uniformity across Dexes like centralized crypto exchanges.   Statistical Arbitrage   This entails leveraging quantitative data models and algorithms to profit from large-scale arbitrage possibilities. Because the process is automated, an arbitrageur can make hundreds of deals in a matter of minutes, significantly increasing his or her profit potential.    Risks involved in Cryptocurrency Arbitrage  Losses   To be successful in crypto arbitrage, traders must execute trades fast so that they can profit from cryptocurrency price disparities across exchanges while they are still profitable.   A trader must be careful not to boost the buying price and decrease the selling price of a token by their own trades, especially in the thinly traded types of crypto that provide the widest spreads. Volume All crypto exchanges work similarly, and the pricing of crypto depends on the exchange’s most recent trade. It is important to remember that all trades are not made equal. Some trades happen with massive amounts of money, while others don’t trade with larger amounts. The trading volume on each influences the liquidity and accessible prices on a given exchange. Low volume could indicate that the exchange cannot execute a large enough trade to generate an investor’s profit. Low volume could also indicate that the trade is doable but will take too long to execute. Costs of Transactions Simultaneously, traders must watch the transaction fees associated with buying cryptocurrencies on different trading platforms. These fees will continue to fluctuate as the cryptocurrency markets develop, changing from exchange to exchange. Hacks & Fraud The cryptocurrency industry is mainly unregulated. There are also more chances of hacking, fraud, and monetary collapse. As a result, storing cryptocurrency safely is a hot topic among investors.

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Angel investors select six companies in healthtech, spirits, diagnostics, veterinary therapeutics, and cleantech to vie for estimated $1 million fund SAN DIEGO–(BUSINESS WIRE)–#AI—San Diego Angel Conference (SDAC), a University of San Diego (USD) Knauss School of Business program that activates accredited angel investors and engages promising early-stage companies that drive the innovation ecosystem, announces six […]

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Using cryptocurrencies instead of US dollars would be a violation of sanction agreements

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Bitcoin could be banned in the European Union from early 2025 if the European Parliament fails to scrap an amendment to the Markets in Crypto-Assets (MiCA) framework. MiCA is the increasingly anticipated crypto regulatory framework for the European Union. According to a report released by German cryptocurrency media outlet BTC-ECHO, there is a provision forbidding […]

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Binance Coin was created by one of the leading crypto exchanges, Binance, and is already making a name for itself in the gambling scene. Let's take a look at the best Binance Coin casinos.

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HitBTC, the popular bitcoin and crypto exchange platform, announced today that its long-awaited staking function is now available for all exchange users. Staking is the process of holding cryptocurrency to verify transactions and support the operations of a proof-of-stake blockchain network. Simply, staking is the act of holding cryptocurrencies to receive rewards and the payout […]

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The way we communicate is changing. Nowhere is this more starkly shown than in the rise of instant messaging platforms, which have seen exponential growth in recent years. Picking up the phone to talk to someone is becoming increasingly rare, as more and more people use instant messaging apps to chat and share content. Phone […]

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Image source It's not to be missed: If you happen to have $280,000 to spare right now, you can buy a bored ape – and...

22Bet has an offer where you can get a bonus even when you are losing, while betting on 22Bet sportsbook. This offer is available for accumulator bets with at least seven different selections. If you almost win and only one of your selections in your accumulator bet loses, you will be rewarded with bonus points. […]

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Not that long ago, it was banks acquiring fintechs. Now, a fintech has bought a bank: BM Technologies plans to buy Seattle’s First Sound Bank for $23 million. Whether this is the start of a major trend depends on the resilience of financial institutions. Banks need to be fighting fit to compete with disruptive, agile […]