Monthly Archives: April 2021

Finance Redefined: Puff, puff, pump on 4/20! April 16-21st

A new generation of crypto investors get taken for a ride as Aave makes some puzzling moves. Loyal Finance Redefined readers: Hi, I’m Andrew. My inestimable colleague Andrey, the previous compiler of this newsletter, is stepping away from Cointelegraph in order to build [REDACTED], leaving me to take over lettering the news. While I’m thrilled he’ll be keeping around the DeFi ecosystem, I’m also infuriated that there’ll be yet another gigabrain trading against me.  Also: journalists quitting their jobs to do DeFi stuff. Talk about top signals. […]

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Sale of MTI Bitcoins in South Africa Briefly Wipes out Premium Buyers

The premium or arbitrage gap on bitcoin in South Africa recently turned negative following the offloading of coins worth over $75 million by liquidators of MTI. As a result of the temporary supply glut, buying bitcoins on local South African exchanges briefly became cheaper than buying on overseas exchanges. The Impact of the MTI Liquidators’ BTC Sales However, following the conclusion of the liquidators’ sale nearly two weeks ago, the arbitrage gap has now turned positive. As one South African media report notes, the premium of BTC […]

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Coinbase allocating 10% to innovation plays

The cryptocurrency exchange is looking to create a “culture of repeatable innovation” following the successful launch of its public offering last week. United States cryptocurrency exchange Coinbase has announced a new project aimed at increasing innovation in the nascent blockchain industry.  Project 10 Percent will see Coinbase divert 10% of its resources to supporting innovative ideas within the company. The project aligns with the exchange’s philosophy that “70% of our time should be focused on core work, 20% on strategic bets, and 10% on innovative experimentation,” the […]

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Syntropy (NOIA) price rallies 65% after announcing SpaceX partnership

Syntrophy price lifted off after the satellite internet-focused project announced a partnership with Elon Musk’s SpaceX. In the frenzy of a bull market where new projects are popping up daily and social media users scour their feeds to try and catch the next moon coin before it pumps and dumps, it can be a challenge to find projects with long term viability that also have significant upside potential.  One token that has undergone several significant price breakouts in 2021 is Syntropy (NOIA), a project focused on transforming […]

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German stock exchanges will delist Coinbase shares, citing ‘missing reference data’

Deutsche Boerse said “the only way for Coinbase to resume trading” is for the company to apply for a Legal Entity Identifier code. The Deutsche Boerse Group has said it will delist Coinbase’s stock listing on its Xetra digital stock exchange as well as the Frankfurt Stock Exchange. According to Reuters, Deutsche Boerse said it would delist Coinbase Global from the two exchanges due to “missing reference data” for the shares. The group said someone involved in listing the Coinbase shares used an incorrect Legal Entity Identifier, […]

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Beyond Finance Listing On Ascendex

PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the Beyond Finance Token (BYN) under the pair USDT/BYN on April 20 at 1:00 p.m. UTC. Beyond Finance is a synthetic asset trading platform that brings investment opportunities in traditional financial assets to everyone with a permissionless financial service ecosystem leveraging blockchain infrastructure. Aiming to be a leading exchange, Beyond Finance seeks to deliver a seamless and user-friendly service with a competitive UI/UX with […]

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Bit Digital, Compute North Partner To Drive Sustainable Bitcoin Mining

Bit Digital will be colocating in Compute North facilities to leverage its renewable-energy-focused design for bitcoin mining. Bit Digital, one of the largest bitcoin mining companies in North America by hash rate, is expanding its operations by colocating in Compute North facilities, adding an additional 40 megawatts of hashing power with 13,000 new ASIC miners to its arsenal, according to a press release. Nasdaq-listed Bit Digital (BTBT), headquartered in New York, positioned the partnership as one that ups its ability to meet increasing demand from investors for […]

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Weekly Decentralized Exchange Volumes Near $20B, Uniswap Captures Lion’s Share, Pancakeswap Trading Climbs

On Tuesday, the founder of the decentralized exchange (dex) Uniswap tweeted about the trading platform passing $10 billion in weekly trade volume for the first time. Decentralized trading volumes have grown massively, as dex platforms built on Ethereum have seen more than $18 billion in volume during the last week. Meanwhile, the dex Pancakeswap, an app that uses the Binance Smart Chain, has seen trade volumes skyrocket. Uniswap’s 7-Day Stats Capture $10 Billion in Global Trade Volume Decentralized finance (defi) has exploded during the last 12 months, […]

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Bitcoin And The Changing Definition Of CPI

The constant adjustments to the measuring stick of inflation mislead and confuse those looking for a sound store of value. Below is the definition of the Consumer Price Index (CPI) by the U.S. Bureau of Labor Statistics: “The CPI represents changes in prices of all goods and services purchased for consumption by urban households. User fees (such as water and sewer service) and sales and excise taxes paid by the consumer are also included. Income taxes and investment items (like stocks, bonds, and life insurance) are not […]

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Price analysis 4/21: BTC, ETH, BNB, XRP, DOGE, ADA, DOT, UNI, LTC, BCH

Although Bitcoin is struggling to recover from its recent crash, Ethereum is pushing toward a new high and prompting several altcoins to rally. JPMorgan strategist Nikolaos Panigirtzoglou believes that if Bitcoin (BTC) does not break above $60,000 within the next few days, the momentum signals could weaken “for several months, given their still-elevated level.”  Another bearish voice was that of Guggenheim chief investment officer Scott Minerd who said in an interview with CNBC on April 20 that Bitcoin looked frothy and was at risk of a correction […]

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