Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics recorded this past weekend show that bitcoin’s average cost of production has been a lot higher than bitcoin’s USD value recorded on spot market exchanges.
On Sunday, Bitcoin.com reported on Bitcoin’s difficulty rising by 0.51% at block height 764,064, and the increase pushed the difficulty to an all-time high at 36.95 trillion. After that difficulty transition, data shows the overall global hashrate dropped from 317 exahash per second (EH/s) to 233 EH/s.
The hashrate is currently coasting along at 250.59 EH/s, according to records from coinwarz.com. At the same time, BTC’s fiat value dropped a great deal after FTX collapsed and filed for bankruptcy protection.
Statistics on Nov. 21, 2022, show that the cost of bitcoin production is much higher than BTC’s current USD spot market value. The metrics recorded by macromicro.me indicate that the average mining cost is $19,662 today, while the USD value of BTC is recorded at 16,120 nominal U.S. dollars per unit.
The macromicro.me statistics indicate that bitcoin’s price in comparison to the cost of BTC production has been lower since Oct. 6, 2022. Macromicro.me says that the web portal uses data collected from Cambridge University in order to “find out the average mining costs of bitcoin.”
“When mining costs are lower than bitcoin’s market value, more miners will join,” the macromicro.me website details. “When mining costs are higher than miner’s revenue, [the] number of miners will decrease.”
In addition to the metrics showcased on macromicro.me, Glassnode’s hash price chart indicates that the hash price is at an all-time low. The chart highlights a “metric for estimating daily miner incomes, relative to their estimated contribution to network hash-power,” Glassnode’s description notes.
Analytics from braiins.com also indicate that the current hash value is lower than the current hash price. Similar to macromicro.me’s stats, braiins.com metrics show the change occurred around Oct. 6, 2022. If bitcoin prices don’t increase or if they drop lower, a number of BTC Mining operations will face a squeeze out of the industry if they are not facing this situation already.
What do you think about bitcoin’s spot market value dropping below the crypto asset’s cost of production? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics recorded this past weekend show that bitcoin’s average cost of production has been a lot higher than bitcoin’s USD value recorded on spot market exchanges.
On Sunday, Bitcoin.com reported on Bitcoin’s difficulty rising by 0.51% at block height 764,064, and the increase pushed the difficulty to an all-time high at 36.95 trillion. After that difficulty transition, data shows the overall global hashrate dropped from 317 exahash per second (EH/s) to 233 EH/s.
The hashrate is currently coasting along at 250.59 EH/s, according to records from coinwarz.com. At the same time, BTC’s fiat value dropped a great deal after FTX collapsed and filed for bankruptcy protection.
Statistics on Nov. 21, 2022, show that the cost of bitcoin production is much higher than BTC’s current USD spot market value. The metrics recorded by macromicro.me indicate that the average mining cost is $19,662 today, while the USD value of BTC is recorded at 16,120 nominal U.S. dollars per unit.
The macromicro.me statistics indicate that bitcoin’s price in comparison to the cost of BTC production has been lower since Oct. 6, 2022. Macromicro.me says that the web portal uses data collected from Cambridge University in order to “find out the average mining costs of bitcoin.”
“When mining costs are lower than bitcoin’s market value, more miners will join,” the macromicro.me website details. “When mining costs are higher than miner’s revenue, [the] number of miners will decrease.”
In addition to the metrics showcased on macromicro.me, Glassnode’s hash price chart indicates that the hash price is at an all-time low. The chart highlights a “metric for estimating daily miner incomes, relative to their estimated contribution to network hash-power,” Glassnode’s description notes.
Analytics from braiins.com also indicate that the current hash value is lower than the current hash price. Similar to macromicro.me’s stats, braiins.com metrics show the change occurred around Oct. 6, 2022. If bitcoin prices don’t increase or if they drop lower, a number of BTC Mining operations will face a squeeze out of the industry if they are not facing this situation already.
What do you think about bitcoin’s spot market value dropping below the crypto asset’s cost of production? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
Near protocol fell to its lowest level in over sixteen months, as bearish pressure intensified on Nov. 21. Overall, cryptocurrencies started the week trading lower, following increased speculation on a prolonged market crash. Algorand was another notable token to fall, dropping by over 11% today.
Near protocol (NEAR) dropped to its lowest level in over one year, as the token extended recent declines.
NEAR/USD fell to a low of $1.50 on Monday, slipping for a sixth straight session in the process.
This drop in price has seen NEAR move to its weakest point since July 20 last year, and it has since settled on its floor of $1.50.
Looking at the chart, prices have since rebounded from the point of support, and as of writing the token is trading at $1.55.
On the other hand, the 14-day relative strength index (RSI) was unable to remain above its floor of 24.50, and is currently tracking at 22.85.
In order for NEAR to move further away from the $1.50 point, we will likely need to see the index climb closer to a reading of 25.00.
Algorand (ALGO) was another notable mover to start the week, with prices dropping by over 11% in today’s session.
Following a high of $0.2855 over the weekend, ALGO/USD moved to an intraday low of $0.2452 on Monday.
The move saw the token fall below a key support point of $0.25, as bears seem to be pushing price to a floor of $0.24.
Looking at the chart, the RSI is hovering at a floor of its own at 38.20, which seems to be helping prevent further declines in price.
However, should a breakout occur, this will likely push bears to intensify market pressure, potentially sending the token to the target mentioned above.
As of writing, ALGO is trading at $0.2496, which is almost 12% lower than yesterday’s high.
Register your email here to get weekly price analysis updates sent to your inbox:
What is behind Monday’s increased market volatility? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.
Image Credits: Shutterstock, Pixabay, Wiki Commons, photo_gonzo / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
Near protocol fell to its lowest level in over sixteen months, as bearish pressure intensified on Nov. 21. Overall, cryptocurrencies started the week trading lower, following increased speculation on a prolonged market crash. Algorand was another notable token to fall, dropping by over 11% today.
Near protocol (NEAR) dropped to its lowest level in over one year, as the token extended recent declines.
NEAR/USD fell to a low of $1.50 on Monday, slipping for a sixth straight session in the process.
This drop in price has seen NEAR move to its weakest point since July 20 last year, and it has since settled on its floor of $1.50.
Looking at the chart, prices have since rebounded from the point of support, and as of writing the token is trading at $1.55.
On the other hand, the 14-day relative strength index (RSI) was unable to remain above its floor of 24.50, and is currently tracking at 22.85.
In order for NEAR to move further away from the $1.50 point, we will likely need to see the index climb closer to a reading of 25.00.
Algorand (ALGO) was another notable mover to start the week, with prices dropping by over 11% in today’s session.
Following a high of $0.2855 over the weekend, ALGO/USD moved to an intraday low of $0.2452 on Monday.
The move saw the token fall below a key support point of $0.25, as bears seem to be pushing price to a floor of $0.24.
Looking at the chart, the RSI is hovering at a floor of its own at 38.20, which seems to be helping prevent further declines in price.
However, should a breakout occur, this will likely push bears to intensify market pressure, potentially sending the token to the target mentioned above.
As of writing, ALGO is trading at $0.2496, which is almost 12% lower than yesterday’s high.
Register your email here to get weekly price analysis updates sent to your inbox:
What is behind Monday’s increased market volatility? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.
Image Credits: Shutterstock, Pixabay, Wiki Commons, photo_gonzo / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
PRESS RELEASE. Delhi, India, 21st November, 2022, Chainwire:
Incentivizing greater student and teacher participation within EdTech with Coins for College
Tuition Coin, a novel Crystal Chain product, is the newest Teach to Earn project on the Cardano blockchain. Designed to incentivize further participation in educational technology, Tuition Coin powers a new system that will benefit both teachers and students.
Teachers, while forming an essential component of society, are often underpaid and overworked. By creating a cryptocurrency reward for contributions to the wider educational space, Tuition Coin ensures that teachers can thrive within the growing EdTech space.
Teachers from all over the world can earn Tuition Coins by registering on the Coins For College platform. After the sign-up and KYC process are approved, Educational content creators can start earning cryptocurrency in exchange for sharing knowledge. Those with existing content and lesson plans on the internet can also participate and contribute to the internet’s open information sphere.
Educational resources created by teachers will be available to students for free on the Coins For College platform. With a vision of ensuring that every child has access to high-quality educational material, Coins For College fills educational gaps irrespective of whether their school can provide it.
Students can complete lessons and assessments on the platform to earn Scholarship Points that form a standardized means by which progress and effort can be measured. Implementing a new, accessible standardized system is an important requirement for global education because of the waning influence of the SAT.
Tuition Coin (TUIT) works as an incentive for educational content creators. Teachers can supplement their income by earning TUIT in exchange for lessons, study plans and other learning resources. Abiding by Standards Correlation, the content can be shared in the knowledge that students will be able to access lessons that are age-appropriate as per their countries’ educational requirements.
60% of the 100 billion TUIT tokens that will ever be in circulation are reserved for educators, and can only be earned by contributing to the global educational ecosystem. Teachers will be offered the same incentives for content whether they create it afresh or import it from existing platforms. All content on the platform will meet the standards set by 1EdTech, a non-profit focused on making remote learning more standardized and accessible.
Visit the Tuition Coin website to learn more about how you as an educator can get involved in shaping the future of generations to come.
Join the community on Facebook, Twitter and Instagram for the latest updates within the TUIT and Coins For College ecosystem.
About Tuition Coin
Tuition Coin is the cryptocurrency that powers the Coins For College platform. Created by Crystal Chain, Tuition Coin forms a key part of the reward mechanism for teachers creating content and lesson plans.
Students can access the content for free using the Coins For College platform and will be awarded Scholarship Points upon completing modules and assessments. These Scholarship Points will serve as a measurement tool to identify promising and deserving students who desire to pursue further education, but may lack the financial resources to do so.
Visit the Tuition Coin website to learn more about how you as an educator can get involved in shaping the future of generations to come. Join the community on Facebook, Twitter and Instagram for the latest updates within the TUIT and Coins For College ecosystem
Aman Kumar
info@crystalchain.org
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
PRESS RELEASE. Delhi, India, 21st November, 2022, Chainwire:
Incentivizing greater student and teacher participation within EdTech with Coins for College
Tuition Coin, a novel Crystal Chain product, is the newest Teach to Earn project on the Cardano blockchain. Designed to incentivize further participation in educational technology, Tuition Coin powers a new system that will benefit both teachers and students.
Teachers, while forming an essential component of society, are often underpaid and overworked. By creating a cryptocurrency reward for contributions to the wider educational space, Tuition Coin ensures that teachers can thrive within the growing EdTech space.
Teachers from all over the world can earn Tuition Coins by registering on the Coins For College platform. After the sign-up and KYC process are approved, Educational content creators can start earning cryptocurrency in exchange for sharing knowledge. Those with existing content and lesson plans on the internet can also participate and contribute to the internet’s open information sphere.
Educational resources created by teachers will be available to students for free on the Coins For College platform. With a vision of ensuring that every child has access to high-quality educational material, Coins For College fills educational gaps irrespective of whether their school can provide it.
Students can complete lessons and assessments on the platform to earn Scholarship Points that form a standardized means by which progress and effort can be measured. Implementing a new, accessible standardized system is an important requirement for global education because of the waning influence of the SAT.
Tuition Coin (TUIT) works as an incentive for educational content creators. Teachers can supplement their income by earning TUIT in exchange for lessons, study plans and other learning resources. Abiding by Standards Correlation, the content can be shared in the knowledge that students will be able to access lessons that are age-appropriate as per their countries’ educational requirements.
60% of the 100 billion TUIT tokens that will ever be in circulation are reserved for educators, and can only be earned by contributing to the global educational ecosystem. Teachers will be offered the same incentives for content whether they create it afresh or import it from existing platforms. All content on the platform will meet the standards set by 1EdTech, a non-profit focused on making remote learning more standardized and accessible.
Visit the Tuition Coin website to learn more about how you as an educator can get involved in shaping the future of generations to come.
Join the community on Facebook, Twitter and Instagram for the latest updates within the TUIT and Coins For College ecosystem.
About Tuition Coin
Tuition Coin is the cryptocurrency that powers the Coins For College platform. Created by Crystal Chain, Tuition Coin forms a key part of the reward mechanism for teachers creating content and lesson plans.
Students can access the content for free using the Coins For College platform and will be awarded Scholarship Points upon completing modules and assessments. These Scholarship Points will serve as a measurement tool to identify promising and deserving students who desire to pursue further education, but may lack the financial resources to do so.
Visit the Tuition Coin website to learn more about how you as an educator can get involved in shaping the future of generations to come. Join the community on Facebook, Twitter and Instagram for the latest updates within the TUIT and Coins For College ecosystem
Aman Kumar
info@crystalchain.org
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
PRESS RELEASE. Token 2049 London, a packed crypto event in Europe, continues to accept applications from foreseeable projects. Over the past two weeks, a large number of attendees have gathered here to hear the latest statements from Web3 leaders. Shorter Finance’s CPO, Stan Wells, was invited to speak at the conference.
Stan, who is regarded as a gifted trader, pushed the atmosphere to a climax with his powerful remarks. In contrast to other wordy presentations, Stan summarized what an orderly and healthy decentralized financial hierarchy should look like and what users should learn from the chaos caused by SBF’s infamous inappropriate use of deposits for irrational gambling.
Considering the collapse of FTX and the rise of the DeFi sector, Stan firmly stated, “The players’ desire for a transparent transaction process is inevitably leading this industry in the right direction.” It is antithetical to the nature of blockchain that users hand over their assets to someone. Blockchain originalism clarifies that users should only trust the code, which is the major premise to dictate their asset flows.” Add to that, he cited FTX-ish centralized exchanges, “the order of the financial markets on the blockchain hasn’t been erected for long enough, too many problems are blurred by noise when markets are spoiled.”
FTX’s string of pseudo moves is reportedly tearing the vast majority of projects stuck in this dilemma apart. Exploiting users’ unconditional trust to dispose of funds in a centralized manner is a common feature these projects share. It is difficult to gauge how many individuals and institutions were devastated to death in this financial crisis, watching helplessly as their assets tumbled to the ground.
Once a user’s assets enter blind spots, a thoroughly trackable process of transactions and disposition is essential to ensuring safety. That means all fund flows and reserves must be able to be identified in wallets or blockchain browsers.
Aiming to aid insecure investors in surviving this cruel bear market, Shorter Finance is constantly committed to sparing users’ exposure to threats from product design and the trading process.
Single-sided token farming
Using Shorter, users are able to stake up to one token in the protocol in one go and absorb interest earned by the auto-run procedure. Those who stake their coins can deposit their idle tokens directly for revenue without having to sacrifice their altcoin for a stablecoin. Blockchain-based infrastructures take over users’ funds, significantly improving financial efficiency. By being in users’ hands, funds will never be corrupted by unaccountable centralized entities, and the scheme can increase fund efficiency to new heights.
Trader-centric margin trading
Scandals involving users’ deposits repeatedly occurred between centralized exchanges. Shorter Finance grants users the ability to engage in a secure transaction process simply by interacting with a set of smart contracts via their wallets without losing transparency and flexibility. By using algorithms and unstoppable mechanisms, traders can be spontaneously motivated to mitigate potential risks, execute trading strategies, and contain unexpected risks in a small room.
Centralized exchanges’ unfair liquidation rules for margin trading, born with the flaws of high centralization and low transparency, have been doing traders’ financial disservices for years. In contrast, users can perform margin trading on Shorter entirely with the help of smart contracts. All of these decentralized mechanisms running on the Shorter protocol ensure that users maintain their right to dispose of their positions throughout the transaction process.
Continuing on the theme of the FTX tumble, Matt Huang, the Co-Founder of Paradigm, told reporters that one of the critical things for the company was to figure out what sort of partnership Shorter could offer. Huang emphasized with reporters again that decentralized derivatives trading products like Shorter will be the wave generators in the next mega-trend after experiencing a loss during the FTX saga.
Website: https://stanford-blockchain.com/
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
PRESS RELEASE. Token 2049 London, a packed crypto event in Europe, continues to accept applications from foreseeable projects. Over the past two weeks, a large number of attendees have gathered here to hear the latest statements from Web3 leaders. Shorter Finance’s CPO, Stan Wells, was invited to speak at the conference.
Stan, who is regarded as a gifted trader, pushed the atmosphere to a climax with his powerful remarks. In contrast to other wordy presentations, Stan summarized what an orderly and healthy decentralized financial hierarchy should look like and what users should learn from the chaos caused by SBF’s infamous inappropriate use of deposits for irrational gambling.
Considering the collapse of FTX and the rise of the DeFi sector, Stan firmly stated, “The players’ desire for a transparent transaction process is inevitably leading this industry in the right direction.” It is antithetical to the nature of blockchain that users hand over their assets to someone. Blockchain originalism clarifies that users should only trust the code, which is the major premise to dictate their asset flows.” Add to that, he cited FTX-ish centralized exchanges, “the order of the financial markets on the blockchain hasn’t been erected for long enough, too many problems are blurred by noise when markets are spoiled.”
FTX’s string of pseudo moves is reportedly tearing the vast majority of projects stuck in this dilemma apart. Exploiting users’ unconditional trust to dispose of funds in a centralized manner is a common feature these projects share. It is difficult to gauge how many individuals and institutions were devastated to death in this financial crisis, watching helplessly as their assets tumbled to the ground.
Once a user’s assets enter blind spots, a thoroughly trackable process of transactions and disposition is essential to ensuring safety. That means all fund flows and reserves must be able to be identified in wallets or blockchain browsers.
Aiming to aid insecure investors in surviving this cruel bear market, Shorter Finance is constantly committed to sparing users’ exposure to threats from product design and the trading process.
Single-sided token farming
Using Shorter, users are able to stake up to one token in the protocol in one go and absorb interest earned by the auto-run procedure. Those who stake their coins can deposit their idle tokens directly for revenue without having to sacrifice their altcoin for a stablecoin. Blockchain-based infrastructures take over users’ funds, significantly improving financial efficiency. By being in users’ hands, funds will never be corrupted by unaccountable centralized entities, and the scheme can increase fund efficiency to new heights.
Trader-centric margin trading
Scandals involving users’ deposits repeatedly occurred between centralized exchanges. Shorter Finance grants users the ability to engage in a secure transaction process simply by interacting with a set of smart contracts via their wallets without losing transparency and flexibility. By using algorithms and unstoppable mechanisms, traders can be spontaneously motivated to mitigate potential risks, execute trading strategies, and contain unexpected risks in a small room.
Centralized exchanges’ unfair liquidation rules for margin trading, born with the flaws of high centralization and low transparency, have been doing traders’ financial disservices for years. In contrast, users can perform margin trading on Shorter entirely with the help of smart contracts. All of these decentralized mechanisms running on the Shorter protocol ensure that users maintain their right to dispose of their positions throughout the transaction process.
Continuing on the theme of the FTX tumble, Matt Huang, the Co-Founder of Paradigm, told reporters that one of the critical things for the company was to figure out what sort of partnership Shorter could offer. Huang emphasized with reporters again that decentralized derivatives trading products like Shorter will be the wave generators in the next mega-trend after experiencing a loss during the FTX saga.
Website: https://stanford-blockchain.com/
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
PRESS RELEASE. Ever since the crypto industry really came into its own, there has been an increasing demand for tokenization. Realizing this, the OSIS team set forth on a financial revolution that is bringing the world closer to a tokenized economy through education, tokenization, and a slew of user-friendly products that make Web3 accessible to the average person.
What does OSIS do?
OSIS is a feature-rich platform co-founded by Jalal Ibrahimi and Chris Goma. It focuses on providing users with all of the tools they need to begin their Web3 journey. These tools include the OSIS Core, the OSIS Exchange, the OSIS Tokenizer, and OSIS University. OSIS also has more than 120,000 members and has active communities across a variety of platforms including Telegram, Twitter, OpenSea, Discord, Instagram, Medium, YouTube, and more.
OSIS Core Wallet equips the everyday user with the necessary resources to interact with the blockchain world. Crypto wallets are a critical component to Web3, but are difficult to use and unsafe for non-technical people. With the OSIS Core wallet you now have a safer, faster, and simpler way to navigate Web3.
OSIS Exchange is a decentralized exchange (DEX) for trading and exchanging cryptocurrency coins and tokens, entirely curated by its community via votes using OSIS and MetaBadges. OSIS Tokenizer is the world’s first no-code tokenization platform, allowing anyone to create a token (currency) or NFT collection in minutes. Last but not least, OSIS University provides educational resources about Web3 and all it entails.
What value does OSIS provide?
‘OSIS‘ is a utility token and the first platform to use tokenization in all of its operations on a large scale. It is hence the utility token that powers the education, tokenization, and exchange ecosystems, allowing users to create their own NFTs and tokens.
As this is a platform that allows users to create tokens without writing any code, OSIS also acts as the official currency which underpins an exchange that the team is developing for those who want to tokenize their business. As a result, OSIS makes it easier for anyone to enter and monetize the Web3 space.
OSIS has so far raised $1.2 million, with the next fundraising target set at $10 million which will be used to issue a crypto debit card that will allow users to build their credit in partnership with VISA & CoinCare Group. In addition, the $10 million will be used to launch the OSIS Exchange, which will host all tokenized projects from the platform. The platform also generated over a million dollars in a private round from the community and was even featured in Forbes.
Moreover, the team plans to expand OSIS Launchpad, which is the tokenization platform, to become a global standard and disrupt all Web2 industries which will lead to Web3 being adopted by the masses.
Why does this matter?
Given that fiat currencies are actively failing, having the ability to easily and effectively tokenize one’s assets would be a great fit in any bearish or bullish market. To that end, OSIS has previously collaborated with a leading crypto consultancy firm known as The Crypto Launchpad, as well as Bitmart, Galileo, Metropolitan Commercial Bank of New York, and Ethos.
Furthermore, as part of a collaboration with Unstoppable Domains, OSIS intends to offer Web3 domain names. Web3 domains are human-readable, censorship-resistant, and enable users to send and receive cryptocurrency instead of a standard crypto address.
The integration of OSIS with CoinCare will allow users to buy products and services in both fiat and digital currencies. OSIS’ sister company, CoinCare Group, is owned by the same founders.
Overall, OSIS intends to democratize today’s centralized socio-economic global infrastructure by providing users with the tools they need to begin building on Web3, an ecosystem that eliminates the need for intermediaries and centralized corporations and concentrates on providing what is best for the user, which is the core essence of DeFi.
About OSIS
OSIS is a decentralized blockchain launchpad which empowers anyone to transition from Web2 to Web3. It is the first platform that allows users to tokenize anything at scale, including businesses, brands, and even careers. Its primary goal is to not only make Web3 increasingly accessible to everyone, but to also educate people about the topic. With OSIS, users have the fastest, easiest, cheapest and most accessible tokenization platform in the world which can empower anyone to tokenize their assets or business in minutes.
So far, over 2,000 MetaBadge NFTs, which are premium memberships in the OSIS ecosystem, have been sold by OSIS. It is also a significant sponsor of the BlockchainLand Conference. Future goals include public listings on top tier exchanges in 2023, launching the OSIS Core Wallet and the OSIS Exchange.
Put simply, the OSIS ecosystem thus contains everything one may need to begin their Web3 journey and capitalize on the tokenization revolution. Be sure to check out the official website, whitepaper, and the aforementioned socials for more information and regular updates.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
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Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments
The National Securities Commission (CNV), which is the Argentinian securities watchdog, recently launched an innovation hub with the goal of advancing conversations about cryptocurrency and fintech investments. This organization will serve as a link between private entities and the institution, ... read more.
PRESS RELEASE. Ever since the crypto industry really came into its own, there has been an increasing demand for tokenization. Realizing this, the OSIS team set forth on a financial revolution that is bringing the world closer to a tokenized economy through education, tokenization, and a slew of user-friendly products that make Web3 accessible to the average person.
What does OSIS do?
OSIS is a feature-rich platform co-founded by Jalal Ibrahimi and Chris Goma. It focuses on providing users with all of the tools they need to begin their Web3 journey. These tools include the OSIS Core, the OSIS Exchange, the OSIS Tokenizer, and OSIS University. OSIS also has more than 120,000 members and has active communities across a variety of platforms including Telegram, Twitter, OpenSea, Discord, Instagram, Medium, YouTube, and more.
OSIS Core Wallet equips the everyday user with the necessary resources to interact with the blockchain world. Crypto wallets are a critical component to Web3, but are difficult to use and unsafe for non-technical people. With the OSIS Core wallet you now have a safer, faster, and simpler way to navigate Web3.
OSIS Exchange is a decentralized exchange (DEX) for trading and exchanging cryptocurrency coins and tokens, entirely curated by its community via votes using OSIS and MetaBadges. OSIS Tokenizer is the world’s first no-code tokenization platform, allowing anyone to create a token (currency) or NFT collection in minutes. Last but not least, OSIS University provides educational resources about Web3 and all it entails.
What value does OSIS provide?
‘OSIS‘ is a utility token and the first platform to use tokenization in all of its operations on a large scale. It is hence the utility token that powers the education, tokenization, and exchange ecosystems, allowing users to create their own NFTs and tokens.
As this is a platform that allows users to create tokens without writing any code, OSIS also acts as the official currency which underpins an exchange that the team is developing for those who want to tokenize their business. As a result, OSIS makes it easier for anyone to enter and monetize the Web3 space.
OSIS has so far raised $1.2 million, with the next fundraising target set at $10 million which will be used to issue a crypto debit card that will allow users to build their credit in partnership with VISA & CoinCare Group. In addition, the $10 million will be used to launch the OSIS Exchange, which will host all tokenized projects from the platform. The platform also generated over a million dollars in a private round from the community and was even featured in Forbes.
Moreover, the team plans to expand OSIS Launchpad, which is the tokenization platform, to become a global standard and disrupt all Web2 industries which will lead to Web3 being adopted by the masses.
Why does this matter?
Given that fiat currencies are actively failing, having the ability to easily and effectively tokenize one’s assets would be a great fit in any bearish or bullish market. To that end, OSIS has previously collaborated with a leading crypto consultancy firm known as The Crypto Launchpad, as well as Bitmart, Galileo, Metropolitan Commercial Bank of New York, and Ethos.
Furthermore, as part of a collaboration with Unstoppable Domains, OSIS intends to offer Web3 domain names. Web3 domains are human-readable, censorship-resistant, and enable users to send and receive cryptocurrency instead of a standard crypto address.
The integration of OSIS with CoinCare will allow users to buy products and services in both fiat and digital currencies. OSIS’ sister company, CoinCare Group, is owned by the same founders.
Overall, OSIS intends to democratize today’s centralized socio-economic global infrastructure by providing users with the tools they need to begin building on Web3, an ecosystem that eliminates the need for intermediaries and centralized corporations and concentrates on providing what is best for the user, which is the core essence of DeFi.
About OSIS
OSIS is a decentralized blockchain launchpad which empowers anyone to transition from Web2 to Web3. It is the first platform that allows users to tokenize anything at scale, including businesses, brands, and even careers. Its primary goal is to not only make Web3 increasingly accessible to everyone, but to also educate people about the topic. With OSIS, users have the fastest, easiest, cheapest and most accessible tokenization platform in the world which can empower anyone to tokenize their assets or business in minutes.
So far, over 2,000 MetaBadge NFTs, which are premium memberships in the OSIS ecosystem, have been sold by OSIS. It is also a significant sponsor of the BlockchainLand Conference. Future goals include public listings on top tier exchanges in 2023, launching the OSIS Core Wallet and the OSIS Exchange.
Put simply, the OSIS ecosystem thus contains everything one may need to begin their Web3 journey and capitalize on the tokenization revolution. Be sure to check out the official website, whitepaper, and the aforementioned socials for more information and regular updates.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
Bitcoin.com announced the creation of a program that will reward people affected by centralized crypto company insolvencies while encouraging the adoption of decentralized finance and self-custody. The CEX Education Program will draw its resources from Bitcoin.com’s wallet token VERSE, which is launching in December. Five percent of the total VERSE token supply is dedicated to the program.
Victims of FTX, Blockfi, Celsius, Voyager, and other failed centralized entities will be eligible to claim a reward from the CEX Education Program by signing up at getverse.com. In the future, Bitcoin.com will continue to use the program to assist victims and incentivize them to onboard to self-custodial products.
“With slick UX, logos on sports stadiums, Matt Damon commercials, Tom Brady endorsements, and big ‘guaranteed’ returns, the lure of CeFi is strong. But as we’ve seen, lack of transparency in the centralized model, whether it be in crypto or tradfi, is an enabler for the gross mismanagement of customer funds and, in some cases, blatant fraud,” said Bitcoin.com CEO Dennis Jarvis.
“Centralized companies masquerade as ‘crypto,’ but in reality their business model relies on separating users from their coins, which is antithetical to the entire proposition of crypto. Bitcoin and decentralized finance are transformative precisely because they empower people to take custody of their assets while at the same time enforcing radical transparency in the underlying financial infrastructure. The CEX Education Program is an effort to provide the incentives needed to encourage the transition away from risky centralized exchanges to self-custody, where the real benefits of this technology lie.”
Bitcoin.com has a long track record of being a vocal supporter of self-custody. The Bitcoin.com Wallet, which provides a safe and easy-to-use self-custodial experience, has served as the gateway for millions of newcomers to the space. Users hold their own private keys, which means they are not at risk of fraud or mismanagement of their funds — as they are when they forfeit management of their cryptoassets to centralized entities.
Now, with more than 35 million wallets created across five blockchains — including Ethereum, Avalanche, and Polygon — the Bitcoin.com Wallet constitutes an important retail gateway to DeFi. Bitcoin.com’s commitment to DeFi is bolstered by VERSE, which will reward participants for buying, selling, storing, using, and learning about cryptocurrency while supporting those who are seeking accessible onboarding into the self-custodial model.
The implosion of FTX and Alameda strengthened the Bitcoin.com team’s resolve in their mission to help create economic freedom by building the tools people need to safely engage in decentralized finance.
“Despite this and other implosions occurring in CeFi (not DeFi), it’s nevertheless a black eye for the whole industry. Many who got burned will leave, and many more still on the sidelines will view it as a reason to stay away – and that’s a real shame because decentralized finance is a force for good. Bitcoin.com has decided to do something about this situation that will extend some sort of recompense, promote the foundational tenets of self-custody and DeFi, and help build back this industry stronger than ever.”
Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
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