Automated order books eliminate DeFi costs and match CEX capability
DeFi may eliminate the middleman, but this was often at the expense of costly transactions and reduced functionality. The decentralized finance (DeFi) industry continues to reach unprecedented highs, with daily volume of transactions increasing on a regular basis. Unfortunately, in spite of the billions of funds currently being crossed back and forth, decentralized exchanges (DEXs) are filled with apparent and invisible costs that are a hindrance to market activity.Consequently, the future of DeFi requires eliminating the high transaction costs and limited functionality often associated....
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Netagio, the first British Bitcoin, gold & Sterling exchange, announced the launch of its Application Programming Interface (API). Investors can now program and fully automate their trading on the exchange. Also read: Bitcoin Exchange Netagio and WalPay Prepare For Future Card Transactions. The Netagio API enables investors to trade Bitcoins for GBP or gold, view open orders, cancel orders and view Netagio's order book on a continuous and fully automated basis. It facilitates real time depth of book price quotations and market data, automated trade executions and order and trade....
Indian bitcoin exchange Unocoin recently announced its over-the-counter (OTC) marketplace. The company, founded in 2013, has over 90 thousand customers and a growth rate of 10-20% per month. Unocoin says it is continuing its mission to bring cryptocurrency feature services to the citizens of India. Unocoin Launches OTC Marketplace. Unocoin has launched....
A recent Solana hackathon generated unique ideas leveraging the blockchain's architecture. Solana and Serum announced the winners of a recent two-week hackathon focusing on building decentralized finance projects on the Solana blockchain. A total of nine projects were eligible for the hackathon’s official prize pool, with an additional project winning a community prize.The winning projects are primarily new DeFi protocols, though some infrastructure and tooling solutions also made the cut.The two first-place winners, Mango Markets and PsyOptions, won $50,000 in USDC-SPL, or USD Coin (USDC)....
There are four primary ways to track whale activities, which include monitoring known whale addresses, order books, sudden changes in market capitalization and trades on crypto exchanges. Whales are held responsible for sudden price fluctuations in the crypto and traditional markets every so often. Given their capability to manipulate market prices, it becomes paramount for the general Bitcoin (BTC) investors to understand the nuances that make one a whale and their overall impact on trading.Wallet addresses that contain large amounts of BTC are identified as Bitcoin whales. Dumping or....