Unlike bills and coins, cryptocurrency doesn’t physically exist. However, it derives value from its users through supply and demand. Most cryptocurrencies have stringent monetary policies, including having a fixed number of tokens that can be created, or restrictions on the number of new tokens th...
Chartalism can be contrasted with mainstream theories of money, which argue that money originally derives its value from its usefulness as a medium of exchange. The early-20th-century GermaneconomistGeorg Friedrich Knapp first developed the theory of chartalism, defining money as a unit of account w...
When it comes to cryptocurrency trading fees, KuCoin charges just 0.10%. This puts it on par with the likes of Binance. Similarly, KuCoin is also behind its own digital token – KuCoin Shares (KCS). By owning and storing KCS tokens, you will benefit from discounted trading fees, as well...
Generally, fiat money derives its value from the decisions of central banks, rather than through reserves of assets such as gold. Some people, however, use the term fiat currency to describe any money issued by a government and used as legal tender. Today, the term fiat currency is commonly...
“lost” trades. In order to ensure smooth and efficient trading Bybit derives its index prices by taking data from three exchanges, namely Coinbase Pro, Bitstamp, andKraken(33.3% each) and also makes use of an insurance fund that keeps users’ funds protected even if a number of adverse ...
DerivativeA contract that derives its value from the performance of an underlying entity (such as a digital asset or a stock). DEX (Decentralized Exchange)An exchange that does not rely on a third party to hold the customer's funds. Trades occur directly on the blockchain using an automated...
First off Clive, I know close to zero about this event. The Falklands War only rung a bell because I have heard it mentioned here and there on this blog. I really didn’t know if you would find this of any interest or what its value was. ...
The Bitcoin dominance is displayed as function of time with the red dashed line showing the asymptotic dominance derived from Zipf’s exponent. Note how the dominance fluctuates around its theoretical estimated value. The inset shows a comparison between the empirical dominance of the first \(M=1...
Peer-to-peer lendingaccounts for about half of the DeFi market in dollar value. It also drives one of its most alluring selling points: higher yields for the savers whose deposits get converted into loans. DeFi interest derives from a combination of token accrual and passive income from lending...
While descriptive in nature, our results paint a picture of the adoption of cryptocurrencies as being related to its usefulness as a complement to traditional financial services. Such usefulness derives on the one hand from inefficiencies and failings (e.g., inflation crises) of traditional economic...