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5 Things You Should Know About Cryptocurrency

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Have you ever considered investing in cryptocurrency? It’s important to understand what you’re investing in before you, well, invest. You wouldn’t just put your money in any kind of stock; you’d want to research the best stocks to invest in before committing, and the same goes for cryptocurrency. Doing research is important when it comes to cryptocurrency. It can be a little tricky getting into it and understanding all the ins and outs of the industry. However, many people that have invested in cryptocurrency have seen a positive outcome for themselves and their cash and enjoy the extra money it Source: https://bitcoinsinireland.com/5-things-you-should-know-about-cryptocurrency/

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Emerging Tech Summit AIBC Europe Announces New Conference Dates

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Malta-based tech show will shift dates from November 2020 to February 2021

SiGMA Group has announced the postponement of its tech and gaming focussed Europe summit, which was planned to be held in Malta on November 18–19, 2020. The 4th edition of AIBC Summit will now open its doors early next year in February, running from the 17th–18th, making it the first event to headline the 2021 tech and gaming calendar.

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Several shows on it became evident that opportunities, particularly in investment and development, were emerging as a result of cross-pollination between the gaming and emerging tech sectors. As such, the company has decided to merge these two main brands under one roof, bringing AIBC into the SiGMA family with the launch of one super show in February 2021.

AIBC Europe will also embrace key brands and individuals from the converging sectors of AI, blockchain, IoT, quantum tech, and other emerging technologies to discuss and shape the future.

“I look forward to the new dates and I look forward to welcoming you all with arms wide open.” SiGMA founder, Eman Pulis.

The decision, which was taken following recent, unforeseen developments of the global health crisis, COVID-19, is in line with advice from Malta’s health authorities and aims to ensure the safety and well being of AIBC attendees.

SiGMA Group Founder, Eman Pulis, said, “AIBC 2020 was due to take place this November, the show was sold out and we were extremely excited for this edition to take place. However, COVID-19 had other plans and therefore, we have decided to postpone the show for another three months. I must send my gratitude to all the exhibitors who agreed to move their participation at the event with us. I look forward to the new dates and I look forward to welcoming you all with arms wide open.”

SiGMA Group’s priority is the health and welfare of its guests, speakers, exhibitors, and employees. As such, they have taken the decision to move the event to 2021—in line with upcoming inaugural events launching across Asia and the Americas.

SiGMA’s much anticipated digital excursion into the emerging LatAm markets will still go ahead this September, running from 22–24 September, in addition to summits later in October, exploring the growing Med Tech and Med Cann industries.

AIBC Europe (February), which will now occur alongside AIBC Asia (May 2021), AIBC Americas (September 2021), and SiGMA Europe in November 2021, will open its doors to the industry in Ta’ Qali, with the original venue, the MFCC, still confirmed. Thanks to regulatory bodies, such as the MGA and the MDIA, Malta is Europe’s premier location for tech and iGaming, maintaining its reputation as an iGaming hub and offering undisputed benefits to gaming companies looking to establish a base in this forward-thinking jurisdiction.

Combining an expo floor for world-class exhibitors, a start-up village for new businesses, and a hugely popular conferences and workshops agenda, the summit offers a platform to the tech industry as it shapes the future of the sector.

Should you have any queries about the event, kindly reach-out to Sophie Crouzet.

Source: https://www.cryptonewsz.com/emerging-tech-summit-aibc-europe-announces-new-conference-dates/

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We Are Still Very Early in DeFi Market Investment: Analyst

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Decentralized finance and crypto markets may have slumped this week, but zooming out to look at the bigger picture suggests that we are still at very early stages of investment.

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Crypto investor Andrew Kang has taken a deep dive into the state of decentralized finance markets and concluded that things are currently somewhere between the first selloff and bear trap.

This chart is reminiscent of the one in 2017 for cryptocurrencies when there were a number of pullbacks before the huge parabolic spike at the end of the year. Of course, we all know what came next, a long painful bear market that lasted 18 months. 

DeFi Market Pullback 

Kang delved into the technicals first noting that there has been a 50% retrace, wiping out a month’s worth of price action in terms of DeFi index perpetual futures. 

The Messari DeFi asset index confirms this reporting a current total market capitalization of $5.2 billion for all DeFi related coins. At its peak, this figure exceeded $12 billion. 

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He added that short interest in DeFi coins, using LINK as an example, continues to grow on the way down as Open Interest increases indicating a return is imminent. Larger traders have taken off their DeFi exposure by now which has reduced prices to a fairer value. 

Kang also noted that many ‘degens’, or degenerate farmers as they’re known in the industry, are still fully deployed in liquidity pools and retail traders have yet to enter. 

“True retail doesn’t seem to have entered much yet, and I’m still debating whether/how that happens this cycle.”

Innovation in the space is advancing at ‘blistering pace’, he added, and this can be evidenced by the rush to deploy Layer 2 scaling solutions by major DeFi protocols such as Uniswap, Yearn Finance, Aave, and Synthetix. 

DeFi TVL Still Strong

Taking total value locked, which is a measure of dollar equivalent crypto collateral, into consideration reveals that it has continued to advance parabolically despite this week’s market pullback.

Figures from Defipulse.com state that there is $9.3 billion locked across DeFi protocols, which is a gain of 1840% since the same time last year. 

DeFi TVL
DeFi TVL – defipulse.com

The crypto ecosystem has pivoted fully into DeFi in 2020 as terms like blockchain, ICO, and altcoin, are replaced with these; 

To get the daily price analysis, Follow us on TradingView

Author: Martin Young




Martin has been writing on cyber security and infotech for two decades. He has previous forex trading experience and has been covering the blockchain and crypto industry since 2017.

Source: https://coingape.com/analyst-we-are-still-very-early-in-defi-market-investment/

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Crypto exchange Gemini receives an electronic money license from the U.K. financial regulator.

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According to the Bloomberg report, cryptocurrency exchange Gemini Trust Company LLC is expanding into the U.K. after being granted an electronic money license from the Financial Conduct Authority. The New York-based firm was founded by famous twins, Tyler and Cameron Winklevoss, who, after claiming Mark Zuckerberg took their idea for a social-networking website to start Facebook Inc., moved on to become entrepreneurs in the crypto industry. Gemini will now let U.K. consumers buy products with the leading cryptocurrency Bitcoin using regular debit cards as a funding source.

“Gemini will be secure, and offer protection against fraud.” 

Investors in cryptocurrency will similarly be able to fund digital wallets via bank payments such as CHAPS, without having to pay foreign exchange fees. Tyler Winklevoss said, “London is one of the birthplaces of modern finance, and has a rich tradition of regulation, but also fosters an environment of innovation,” adding that regulation and trust are central to the operation of crypto exchange like Gemini for consumers. The company said in a statement that Gemini will be secure and offer protection against fraud and money laundering with new regulations in place. 

Crypto exchanges operating in the U.K. have to register by Jan. 10, 2021. 

According to the report, Gemini will have to compete against a slew of players in Europe, some of them regulated by the Financial Conduct Authority as well. Earlier, the U.K. regulator also approved Archax, an exchange that is due to launch in the fourth quarter. The FCC said that all crypto exchanges operating in the country have to register by Jan. 10, 2021. But for now, Gemini is in a select club of registered firms, and it’s also already operational. Gemini is also in the licensing process in Singapore, the company revealed. 

Source: https://coinnounce.com/crypto-exchange-gemini-receives-an-electronic-money-license-from-fcc/

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