Markets

Having received a grant from the OAX Foundation, OpenSwap is dedicated to offering solutions to DeFi and providing an answer to the dilemma surrounding liquidity in the DeFi landscape.It is important to understand the power of not just liquidity, but also the unique positions markets are placed in when there is a concentration of it. Without liquidity, there is no market. This doesn’t just apply in the world of cryptocurrencies, but rather all markets around the world. In this article, we...

Garlicoin has a max supply of 69 million GRLC and no inflation. All the coins are unlocked by miners, and the rewards are halved every 690,000 blocks.From a cryptocurrency valued under 1 penny, Garlicoin is running toward 1 dollar and more, and almost nobody knows where it came from. At least not yet.Believe it or not, Garlicoin is a memecoin started in 2018. It is as much of a memecoin as Dogecoin is. A community of Reddit users thought it would be funny to create a cryptocurrency inspired...

A media industry based on the blockchain industry will mean more autonomy for content creators to create content as they like without restrictions from intermediaries who control the market.It’s no longer news that blockchain technology is disrupting the way most traditional businesses are run even as it keeps creating a massive impact on the global economy. It has given rise to new, productive, and efficient business models that are cost-efficient, more profitable, and more beneficial for...

Bitcoin has been hit hard over the past two months. Despite trading at a new all-time high of roughly $64,000 per unit in mid-April, the currency has tanked and is currently trading for around $35,000, knocking nearly $30K off its price from two months ago. For some investors, however, the present circumstances are no big deal, and they are continuing to see their bitcoin earnings grow. One of these investors is Adam Traidman, the CEO and co-founder of the popular crypto...

CipherTrace’s intention is to expand its operations next one year while capitalizing on the growing cryptocurrency market.According to CoinDesk, CipherTrace has just closed a Series B Funding round that was spearheaded by Dan Loeb’s firm, Third Point Ventures. Other companies involved in the funding round included Neotribe, Seraph, and Ascrew Capital. A spokesperson for Third Point Ventures emailed CoinDesk confirming the company’s participation in the funding round. Investment companies...

GameStop, which was previously on the brink of bankruptcy, was catapulted to record-breaking all-time highs on the stock market earlier this year.The stock of the gaming retailer GameStop Corp (NYSE: GME) soared after it was announced that 5 million additional shares had been sold. The sale, which brought in close to $1.13B, was to raise capital for stimulating growth and maintaining a strong balance sheet.The stock surged by about 12.7% on Tuesday. This was after the original meme-stock had...

McDermott, who has spent fifteen years at Goldman Sachs, claims that the blockchain evolution was a massive bonus to the repo market, presently estimated at over $4.6 trillion.Goldman Sachs Group Inc united with JPMorgan Chase & Co’s independent blockchain-based network for repo trades market that utilizes digitized currency to conduct cross-border payments.One June the 17th, the American multinational investment bank conducted its first trade, when it exchanged a tokenized rendition of a...

Tron price traded below the $0.0500 zone before it started a decent recovery against the US Dollar. TRX price is now trading well below $0.0600 and the 55 simple moving average (4-hours). There is a connecting bearish trend line forming with resistance near $0.0580 on the 4-hours chart (data feed via Bitfinex). The pair could start a major recovery if there is a clear break above $0.0580 and $0.0600. TRON price is slowly recovering above $0.0500 against the US Dollar,...

Bitcoin price extended its decline below the $30,000 support and tested $28,800 against the US Dollar. The price is now trading below the $35,000 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $34,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must clear the trend line and $34,500 to move into a positive zone in the near term. Bitcoin price is recovering higher above...

Blockchain Capital remains a major tech backer in the DLT space with investments in numerous crypto and DLT projects. Fund V with $300M Funding According to a press release published on Monday (June 22, 2021), Blockchain Capital has closed funding for its Fund V LP. The capital raise reportedly drew participation from several high-profile backers including global payment giants Visa and PayPal. Capped at $300 million, Blockchain Capital’s latest fund was oversubscribed likely...