My thoughts on various topics
7 Feb 2021 3 minute read 2 comments paragism
Cryptocurrency is often condemned due to its extreme volatility. The green candles of the chart turn into red very quickly. Volatility can be a trading opportunity but using cryptocurrency as a medium of payment is often problematic due to this reaso...
5 Feb 2021 3 minute read 19 comments paragism
Bitcoin price has been hovering above $33,000 since the past 2-3 days. The market capitalization is $600B+ now and Bitcoin has stayed above this level only 27 days till now. The number one cryptocurrency broke all records and created new ATHs continu...
1 Feb 2021 4 minute read 10 comments paragism
Decentralized finance or DeFi is the latest crypto buzzword. People are really liking the idea of lending and borrowing activity without the intervention of any third party or custodian. Being your own bank is easy nowadays with the help of DeFi. New...
30 Jan 2021 3 minute read 7 comments paragism
#dogecoininto1dollar is trending on Twitter. I looked at the price of DOGE. It is up 200%! Has DOGE ever been to a dollar? No, but this price demand keeps on resurfacing. DOGE, a meme coin with no use case created in 2013 by Billy Markus and Jackson...
29 Jan 2021 3 minute read 10 comments paragism
CryptoPunks, launched in June 2017, paved the way for digital art on the blockchain. These are 24x24 pixel art images generated by an algorithm. Punks can be male or female. Some rare punks are ‘Apes’, ‘Zombies’ and ‘Aliens’. These punks were the pri...
25 Jan 2021 3 minute read 6 comments paragism
Uniswap V2 was launched in May 2020. The upgrade brought significant structural improvement to Uniswap and the platform started to compete with the leading centralized exchanges (CEXs) as per trade volume. Uniswap charges 0.3% fee on every trade and...
22 Jan 2021 3 minute read 1 comment paragism
WAX (Worldwide Asset eXchange) describes itself as ‘the world’s leading decentralized video game and entertainment network’. The founders of OPSkins, one of the top marketplaces for online gaming virtual assets, developed the platform. WAX was purpos...
19 Jan 2021 3 minute read 12 comments paragism
The ever-changing blockchain technology and cryptocurrency field are complicated and an end-user really has no need to understand the deep insights of the technology. From an end-user perspective, the use case is most important. Yes, using cryptocurr...
16 Jan 2021 4 minute read 7 comments paragism
Jamie Dimon, CEO of JP Morgan, shocked the world by calling Bitcoin a fraud in 2017. He said at that time that, “It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed.” Time really changes many things. Very recently, a JP Mor...
13 Jan 2021 3 minute read 0 comments paragism
CBDC or ‘central bank digital currency’ is a buzzword today. It is a new type of currency that central banks around the world are experimenting with. To simplify the term, we can call it a digital form of fiat currency with some differences. The conc...
