CEX vs DEX. Centralized cryptocurrency exchanges versus decentralized ones. Pros and cons of using.
You can trade cryptoassets on different platforms, but more often they use centralized (CEX) or decentralized (DEX) cryptocurrency exchanges. The first type is more user-friendly in terms of interface, intuitive, has a wide range of functionality, tools, and a choice of cryptoassets, and the latter is completely anonymous and allows transactions directly between participants,[...]
Fobs’ comment on Black Wednesday events 20/05/21
Today, May 19, 2021, the crypto community has already managed to call the "Black Wednesday". Due to two exchange rate squeezes during the day - first a short rate drops from $43,500 to $29,000, and then a reverse long rate increase to 40,000. The total volume of liquidations on cryptocurrency exchanges around the world[...]
DeFi is a Promising Direction in the Blockchain
DeFi is the current trend in the field of cryptocurrencies. At the heart of the Ethereum blockchain technology. Includes various financial instruments, services, and applications. Covers almost all areas in the field of financial services - lending, loans, deposits. Peer-to-peer or decentralized applications are used to access the DeFi system and asset management. Since[...]
An Interest of financial giants to cryptocurrencies
Cryptocurrency has firmly entered our life. Interest in it is growing, both from large businesses, financial and banking institutions. It would be foolish to ignore a large market that competes successfully with traditional payment systems. For example, the volume of transactions only in Bitcoin exceeded the volume of transactions of the whole Western Union[...]
Read cryptocurrency between the lines
First of all, you learn basic concepts, categories, and rules of a subject when you acquiring new knowledge. The same way is right for cryptocurrencies. Before learning the dynamics of the movement of pairs, it is necessary to understand the basic concepts. What are cryptocurrencies, what are they for, etc? This knowledge of fundamental[...]
NFT – trend of 2021
Blockchain technology regularly surprises society with its use cases. In 2021, NFT is trending - a technology that can affect the interaction of the real and digital worlds. Moreover, NFT contributes to the dissemination of blockchain ideas, their introduction to a wide range of users. The truth of this statement is confirmed by the[...]