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A Crypto Venture Fund Bought the Most Tokens at MakerDAO’s Debt Auction

Source Node: https://cointelegraph.com/news/a-crypto-venture-fund-bought-the-most-tokens-at-makerdaos-debt-auction
Time Stamp: April 1, 2020 2:21 PM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

An auction to recapitalize MakerDAO (MKR) after the mid-March market turmoil successfully concluded on March 28, bringing in over $5 million worth of DAI. Crypto venture fund Paradigm Capital revealed in a March 31 tweet that it won approximately 68% of the auctioned tokens.The company had previously pledged to join a “backstop syndicate” and cover the entire system shortfall if necessary. Acting as a so-called “backstop,” the group would act as the buyer of last resort by purchasing the MKR tokens if their price fell to $100. (The auction’s starting

Evolution of‘Payments’ Will Bolster Next-Generation Businesses

Source Node: https://medium.com/datadriveninvestor/evolution-of-payments-will-bolster-next-generation-businesses-f670ff793f80?source=rss-------8-----------------cryptocurrency
Time Stamp: April 1, 2020 9:36 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

Humans have always been on a developmental journey. When we are born into thousands of years of inventions and improvements, it’s easy to take for granted what’s around us— as if they always existed. We seldom think about the changes it took to get to where we are.Take for example, the creation of language and how that opened up a new course in human history. How it led to communication, collaboration, communities and organizations. From there, people organized a set of doctrines and came up with story-telling, a precursor to

How to Trade Bitcoin Using Leverage and Not Worry About Liquidation

Source Node: https://cointelegraph.com/news/how-to-trade-bitcoin-using-leverage-and-not-worry-about-liquidation
Time Stamp: April 1, 2020 2:41 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

Institutional traders have long known the benefits of derivatives trading, including leverage and hedging. By trading options markets, one can predetermine maximum gains and losses, even with volatile assets like Bitcoin (BTC). Despite being far more complex, such instruments allow traders to generate gains independent of what happens over the next weeks or even months, which is essential for traders’ peace of mind to achieve optimal performance.Retail traders have only recently begun using derivatives, although they have focused almost exclusively on futures contracts offered by BitMEX, OKEx, Binance and so many