The DeFi hype opened a more useful understanding of DLT power. But while everybody is hyping around lending money, there is a huge leap forward happening in the trading industry in parallel. The technical part with charting, alerts, indicators, and strategies is long covered by industry leader TradingView. However, we need to add 2 more crucial parts of the landscape into the equation to cover the full specter of services that used to be exclusively covered by brokerage houses: different types of trade executions and customer representation in the capital market.
It is well-known that an investor no longer needs a brokerage house to be able to access exchanges and execute trades on crypto markets. Yet, not so long ago, there were other pro-level trading services still absent from the crypto market. What is replacing the brokerage houses in crypto space today? Who is creating the crypto trading industry guidelines? And, is there something left for brokerage houses in crypto? …
DeFi, or Decentralized finance, is a relatively new construct but if you’ve had even half an eye on the cryptocurrency space in 2020, then you can’t have missed the surge of news stories and emerging projects around DeFi.
DeFi offers smart contracts that use the blockchain technology commonly used with cryptocurrency in order to establish smart contracts without the use of traditional banking establishments. …
When it comes to getting started with cryptocurrency and trading you want to make sure you’re using one of the best possible options. You want to make sure that you have a great service that will help you trade, buy and sell all of the top cryptocurrencies. But how do you know which platform is the best way to go?
Well, you’re going to want to take a look at plenty of different options. And one of those options you should look at is the OKEx Exchange.
First of all, you have to DYOR about the exchange background. OKEx Exchange is actually one of the top-ten cryptocurrency exchanges in the world according to daily volume. They do approximately $1.68 million in exchanges throughout the course of a single day. Plus, they have everything you need all in one, including crypto-to-fiat trading, wallet options and futures trading. Those are all things you would normally need to reach out to different services to combine, but you can get all of it and more with this one exchange. That makes things a whole lot easier for you to get started and to carry out all of your processes. …
Europol confirmed the previously published media information about the exposure of the counterfeiters network in Italy. The department noted that the criminal group is probably the largest in the history of the euro.
On Thursday, July 16, a French police representative, reported the exposure of the mafia network of counterfeiters, 44 arrests and confiscated property worth 8 million euros.
“The criminal network exposed in Italy produced 25% of all counterfeit euro banknotes found in circulation. This network is perhaps the largest network ever to have operated since the introduction of the euro,” Europol said in a press release.
Law enforcement officers from Italy, Belgium and France took part in the special operation. Europol helped with information exchange, coordination and analytical work. The investigation began back in October 2017, when a large batch of counterfeit €50 banknotes was seized in Benevento, Italy. …
Walt Disney has significantly reduced advertising costs on Facebook and Instagram.
According to the Wall Street Journal’s own sources, the Walt Disney Company in the first half of the year was the leader in advertising costs on Facebook and ranked second in 2019.
Presumably, in the first six months of 2020, the Walt Disney Company spent about $210 million on advertising for the Disney + streaming service.
Recall that human rights organizations called on businesses to stop advertising on Facebook. After that, several corporations announced the suspension of advertising. Among such corporations are Coca-Cola, Adidas, Ford, Unilever.
Author: Marko Vidrih
Featured image credit: Unsplash
China is going to collapse world oil prices, which would lead to problems in the market, Bloomberg reports.
According to the agency, the country bought large volumes of cheap oil in the spring. Now, as the OPEC + countries are preparing to ramp up energy production, Shanghai has begun selling oil from its storage facilities. About 1 million barrels went to buyers, who tend to buy energy in the Middle East or Africa.
As the agency notes, China did not plan to become a regional oil supplier. The launch of futures trading through the Shanghai International Energy Exchange was needed to popularize the yuan. Selling oil to the world’s largest importer points to the extreme fragility of the recovery in energy demand, Bloomberg writes.
Author: Marko Vidrih
Featured image credit: Unsplash
Deputy Governor of the Bank of Thailand, Vachira Arromdee, said that the bank has moved to a new phase of testing the state digital currency.
According to Arromdi, earlier the Central Bank of Thailand (BoT) began to test digital currency with large financial institutions, and in September plans to test it together with the Hong Kong Monetary Authority (HKMA). At this stage, the Central Bank of Thailand is testing stablecoin with small firms.
BoT expects that its digital currency will be able to be used not only by government agencies or large financial companies, but also by ordinary people. However, before the large-scale launch of the national cryptocurrency, it is necessary to conduct its comprehensive analysis and weigh the pros and cons. …
A New Yorker is accused of tricking investors into transferring the equivalent of $4.5 million cryptocurrencies that he used to bet on offshore gambling platforms.
According to a criminal case brought by U.S. prosecutors, Douglas Jae Woo Kim in New York fraudulently received over $4.5 million worth of BTC and ETH from three investors.
The Department of Justice claims that Kim pretended to be a cryptocurrency trader and asked for loans for low-risk investments, in which, he said, he had already invested from $300,000 to $400,000.
According to the prosecutor’s statement, after receiving the funds, Kim sent either all of them or a substantial amount to the offshore cryptocurrency-supporting gambling sites Nitrogen Sports and Fairlay. …
Waves Enterprise and the Russian office of Microsoft have agreed on strategic cooperation in the field of creating enterprise solutions based on blockchain and cloud technologies.
Waves Enterprise announces the signing of a five-year memorandum with Microsoft Russia on joint work on corporate solutions based on the blockchain. Although the terms of cooperation have yet been approved, Waves says that both sides want to use the blockchain for new solutions in the supply chain, as well as for “tokenizing industrial assets”.
An industrial asset is a comprehensive term that can refer to everything from heavy equipment to basic office equipment. Microsoft Russia CEO Kristina Tikhonova said that partnership is the first step in order for the business in the country to begin implementing…
Singapore’s economy contracted by 41.2 percent in the second quarter of this year compared with the first due to the effects of the coronavirus pandemic. Such data was published by the Ministry of Trade and Industry of the country.
This was the second quarterly drop in a row, which means a technical recession. In the first quarter, GDP fell by 3.3 percent. In annual terms, the economy of one of the richest countries in the world experienced a record drop of 12.6 percent — the largest since Singapore declared independence in 1965.
Production decreased by 23.1 percent, construction volume fell by 95.6 percent in quarterly terms, and the decline in services amounted to 37.7 percent. At the end of the year, Singapore’s GDP may sink by 4–7 percent, which will be the largest reduction in state history. …