Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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UMAUMA’s Data Verification Mechanism – All You Need to Know
We talked before about Universal Market Access (UMA) and its revolutionary mission to provide access to all-known assets to anyone in the world. If the project powered by Risk Labs had your investor's sense tingling with joyous expectation, you would be glad to know that today we dive deeper into UMA and explain its Data Verification Mechanism (DVM) in detail. Why DVM is Necessary UMA is an ambitious initiative. However, the plan to drag legacy financial markets, especially derivatives, onto…
5 years ago
Investing in UMA – Everything You Need to Know
The DeFi ecosystem is rapidly evolving and spurring new and fascinating projects that the cryptocurrency space did not even imagine a few years ago. The Universal Market Access or UMA is among them and one of the most innovative financial instruments deriving from blockchain technology. If you have ever wanted to invest in any asset on any market in the world, UMA might be the solution for you. This beginner’s guide to UMA should help you understand better one of…
5 years ago
Synthetic Assets – Why Crypto Investors Should Consider them
Synthetic assets have been a standard fixture in the traditional financial market. However, with the financial world shifting to a digital approach, it is no surprise that synthetic crypto assets are also cropping up. Like many other investment vehicles, synthetic crypto assets are similar to those in the traditional market. This article will delve into the details of synth assets and how they work. But before we get into the nitty-gritty details of synthetic assets, how about a short recap…
5 years ago