Discount on Grayscale’s GBTC Plunges to New Record Low as Competition From Emerging Rivals Intensifies

The premium on Grayscale Investment’s GBTC, which turned negative for the first time on February 23, is continuing its downward slide. As the latest Glassnode data shows, the GBTC was trading at a record low discount of -11.92% on March 4, 2021. According to the same data, this new low is a significant reversal from … Read more

Decentralized Exchanges That Use Automated Market Makers Now Represent 93% of the Market

A recent report by Consensys says the surge in decentralized exchange (DEX) volumes in Q3 of 2020 is down to their adoption of the automated market maker (AMM). According to the report, DEXs that use AMM, a software that algorithmically creates token trading pairs, now represent 93% of the market. The good side of AMMs … Read more

Bitcoin.com Exchange Now Supports Reserve’s Stablecoin RSV and the Utility Token RSR

Bitcoin.com’s Exchange continues to grow and during the last few months, the platform has added support for a number of well known tokens. This week, the trading platform has added support for the Reserve stablecoin (RSV) and the project’s utility token (RSR). Bitcoin.com Exchange users will be able to trade RSV and RSR with trading … Read more

Traders Flock to Tether, USDC, PAX – Stablecoins See Great Demand After Crypto Market Havoc

Stablecoins have seen massive volume and growth this month especially after the market carnage on March 12. Per usual, tether has been the king of stablecoins following the market downturn, but the 4.6 billion USDT wasn’t enough for all the liquidity needed to shield the storm. Other tokens pegged to the U.S. dollar like USDC, … Read more

Arbitrage Trading – a Reality Check

Arbitrage trading has taken off in recent years on the cryptocurrency market. Of course, the concept of arbitrage trading has always existed in finance. Simply put, arbitrage involves taking advantage of price differences that are inherent in financial markets. In a perfect market – in an efficient market – the same asset would be trading … Read more

The Struggle to Buy Bitcoin in Crypto-Starved Botswana

The rise of Bitcoin has coincided with improvements in technology allowing anyone to trade online. Meanwhile, in landlocked Botswana, geographical constraints have done little to prevent BTC from being traded locally, even in the absence of an established locally-operated cryptocurrency exchange. News.Bitcoin.com spoke to a number of bitcoiners in the southern African nation to determine … Read more