3 things every crypto trader should know about derivatives exchanges

In the past two years futures contracts have become widely popular among cryptocurrency traders and this became more evident as the total open interest on derivatives more than doubled in three months. Additional proof of their popularity came as futures turnover surpassed gold, which is a well-established market with $107 billion in daily volume. However, each exchange has its own orderbook, index calculation, leverage limits and rules for cross and isolated margin. These differences might seem superficial at first, but they can make a huge difference depending a traders’ needs.…

Lending giant Aave set to launch liquidity mining program

With a liquidity mining program set to launch on Monday, Aave could be on the cusp of becoming the dominant decentralized finance (DeFi) ledning protocol.  Earlier today, Aave Improvement Proposal (AIP) 16 reached quorum, meaning that starting on Monday, 4/26 liquidity providers and borrowers in Aave’s USDC, DAI, USDT, GUSD, ETH, and WBTC pools will earn stAAVE rewards in addition to their standard interest yield. Per AIP 16, providers and borrowers in these pools will split 2,200 stAAVE tokens per day from the protocol’s current 2.9 million AAVE Ecosystem Reserve,…

DEX volumes continue to surge even as Bitcoin and altcoins correct

Decentralized finance (DeFi) started 2021 by taking the cryptocurrency sector by storm and helping to kick the bull market cycle into high gear as traders capitalized on ways to easily trade cryptocurrencies and earn high yields on their hodl stacks.  Eventually, high fees on the Ethereum (ETH) network and a few sharp market sell-offs helped contribute to a pullback in token prices and DeFi transactions beginning in late February, but that trend appears to have reversed over the past week as activity on decentralized exchanges is once again on the…

Is the bull run over? BTC loses $50,000 as transaction fees surge

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin tumbles 10% in 12 hours and falls below $50,000 for first time since March Things were looking markedly bearish for Bitcoin following last weekend’s swift and sudden correction, which caused Bitcoin to crash by 20% in a single hour. Within minutes last Sunday, $60,000…

6 Questions for Denelle Dixon of the Stellar Development Foundation – Cointelegraph Magazine

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Denelle Dixon, CEO and executive director of the Stellar Development Foundation. Denelle Dixon is the CEO and executive director of the Stellar Development Foundation, a nonprofit organization using blockchain to unlock the world’s economic potential by making money more fluid, markets more open and people more empowered. Before joining Stellar, Denelle served…

New altcoin era? Dogecoin liquidations briefly surpass Bitcoin

Dogecoin (DOGE) saw more liquidations than Bitcoin (BTC) at one point on April 24. This shows there is a significantly high demand for trading the meme cryptocurrency even as Bitcoin and Ether (ETH) struggle to recover. Various trends and metrics, such as social volume, trading volume, and liquidations in the futures market indicate that DOGE remains one of the most frequently traded cryptocurrencies in the global market. DOGE/USDT 15-minute price chart (Binance). Source: Tradingview.com Large liquidations mean DOGE is seeing genuinely high demand Although some metrics, like the daily volume…

Four arrested after Turkish exchange Vebitcoin closes its doors

As a countrywide cryptocurrency ban looms, multiple Turkish exchanges have now come under investigation with four employees of the recently-shuttered Vebitcoin exchange arrested this morning for allegations of fraud. Last night, Vebitcoin announced it would be ceasing operations in a short statement posted on its website, claiming that unspecified financial strain led to the decision — possibly caused by an unusually high number of withdrawals leading up to Turkey’s forthcoming cryptocurrency ban. “We have decided to cease our activities in order to fulfill all regulations and claims,” the announcement read…

wNews: Biden’s Tax Plan Shines Spotlight on Bitcoin Borrowing Services

Key Takeaways Biden’s proposed tax law has spooked all markets, not just crypto. Experts suggest, however, that the pull back will be short-lived. After last weekend’s flash crash, both Bitcoin and Ethereum have traded sideways until finally revisiting new lows on Thursday. This week’s to-do list shows users three ways to stake and earn lucrative returns on ETH 2.0 with minimal capital. Share this article This week’s wNews unpacks the implications of Biden’s aggressive tax proposal.  Like any politician worth their polyester suit, they’re master negotiators. And rarely do negotiators…

NFTs and US taxes: What you should know

Seems like we now all have stories starting with, “What I did during the pandemic…” Most begin with cleaning out the closet and, hey, guess what? That’s where my story starts, but I bet you can’t guess where it ends! Let’s start with what I found in that closet: family photos before the days of digital. I know — memories of boring trips with the kids and people who I either owe money to or who don’t talk to me anymore! And all of these are nicely arranged in photo…

A new way to own collectibles or an asset bubble?

Unique items have long been attracting collectors who are willing to pay top dollar to get them. Paintings, baseball cards, stamps, vintage cards and rare coins have all been sold at huge premiums to collectors in the past. Now, these items are moving into the digital realm, thanks to the use of blockchain technology. These items are now represented on several different blockchain networks as “unique” digital assets known as nonfungible tokens. The use of blockchain technology means that authenticity and ownership are easily verifiable, especially in a world where…