‘Market Battleship’: Why It’s Rigged and How DeFi Can Help
Individual investors, even when operating in a swarm, are destined to lose. How do I know? I helped design the game.
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The chart pointing out artificial price floors on MtGox via The Bitcoin Channel. In the Bitcoin Channel's latest episode of The Bitcoin Report, the possibility of MtGox having a rigged market is heavily discussed. While the episode steers clear of claiming MtGox is insolvent, it definitely insinuates that there is some form of price fixing going on behind the scenes. When looking at the recent charts for BTC/USD trades on MtGox, you can clearly see an artificial floor on the price of bitcoins. This has happened multiple times over the past week or so, and it clearly indicates that someone....
The majority of Americans think the economy is rigged in favor of certain sectors at the expense of others. Meanwhile, the economy could be on the verge of another recession. Time to switch to Bitcoin to protect your wealth. According to a survey conducted in the US, a full 71% of responses indicated that they believe the economic system is skewed in favor of certain groups. In response to which came closer to their opinion on the US economy, three choices were presented: The economic system is rigged in favor of certain groups The economy system is fair to all Americans Don't know The....
Ethereum maintains the largest market share of the decentralized finance (DeFi) market. DeFi has boomed through 2021 and market crashes have not slowed down the space. DeFi protocols have seen a high rate of adoption among users. With networks like Solana and Cardano unveiling capabilities to enable them to compete with the top DeFi platform, […]
For decades, the financial system has been rigged against Blacks. Today, there is an alternative that removes barriers to wealth creation.
Could the DeFi market be a bubble as both market capitalization and indices crash? The decentralized finance market seems to be deflating after the DeFi summer craze when tokenized versions of Bitcoin and protocols, such as Uniswap and SushiSwap, outperformed the rest of the market. Earlier in October, the two main DeFi indices, Binance’s DeFi Composite Index and TokenSet’s DeFi Pulse Index Set lost more than 60% and 50% of their value, respectively. Meanwhile, total value locked in DeFi projects has been inching closer to its all-time high of $11.2 billion since late September.DeFi....