Following the invasion of Russian forces into Ukraine, several countries (i.e., the United States and a number of EU members) have imposed strict economic sanctions on Russia which, among other things, will preclude some local banks from accessing the Society for Worldwide Interbank Financial Telecommunications (SWIFT).
What will happen with cannabis trademarks after federal legalization? This question comes up regularly, but unfortunately lacks a clear answer (or even an unclear answer). On the one hand, with cannabis no longer unlawful at the federal level, USPTO will be able to register trademarks for cannabis products. But beyond that, nothing is clear. Whose
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.
Terra (LUNA) price continued to perform exceptionally well since February 21 despite Thursday’s rout. However, the price remains pressured near the session’s high. LUNA was among the largest crypto market gainers for two years as demand for decentralized financial services picked up among retail traders. Terra (LUNA) price edges higher on Saturday. Luna has outperformed
A man who was deported from Norway for offenses including the illegal sale of honey and then threatened to "destroy the entire audiobook industry" in retaliation is said to be plaguing the industry once again from overseas. Nikita Volgin was previously ordered to remove pirated content from his websites but according to police, new ones keep appearing with slightly changed domains.
From: TF, for the latest news on copyright battles, piracy and more.
Ripple’s (XRP) price could not sustain the previous session’s gains on Saturday. XRP bounce back strongly on Friday after the Russia-led war on Ukraine send shockwaves across global markets on Thursday. But the price finds it difficult to move beyond the 50-day EMA (Exponential Moving Average) as it hovers near the crucial barrier. Ripple (XRP)
Flickto is a Cardano-powered media project incubator aiming to decentralize the media industry through tackling media financing models. Bazooka Bunny and Flickto have partnered to achieve this vision through co-productions and rescue projects to provide creators an opportunity to avoid Hollywood culture in the ambition to realize their creative dreams. The rise of MMA as […]
Ertha Metaverse, one of blockchain gaming’s most talked about metaverses has today announced the listing of the ERTHA token on another of the crypto industry’s top exchanges – ByBit. With over 5 million registered users across the globe, ByBit is a fantastic fit for Ertha. In addition to being one of the fastest-growing cryptocurrency derivatives […]