Have you ever heard of Goldman Sachs before? I'm sure you have because they are one of or if not the largest investment banking firms in the world and now they are looking to splash some cash in the #crypto market after the #FTX crash...
2- As we all know the #FTX crash brought down the price of many #cryptocurrencies if not all of them and those with eyes will see an opportunity...
3- In this case, #GoldmanSachs have spotted a major opportunity within the #crypto markets. However, we do not know which #cryptocurrencies they have their eyes on and will we notice the pumps in the #crypto they choose to invest in?
4-The head of digital finance at #GoldmanSachs believes in the future of #crypto, and also stated that many major banks (that weren't mentioned) also have the same idea.
Could one of the tokens be $XRP as its mission is to shake up the banking industry?
5- It is clear that there is a bright future for #crypto and the #blockchain world, we just need to ride out the #bearmarket.
Long-term is obviously the correct play, so #DCA (dollar-cost averaging) through the bear market will set you up nicely!
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This crypto guide as well as other free guides & project reviews can be read more clear on my website: altcryptotalk.com/crypto-guides/
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2- The whole #Crypto#DeFi community believes in a decentralised space with no centralised entities governing their finances. Users in the #DeFi world have complete control over their #crypto but do they have control over the future of the protocols they've invested in?
3- In some cases, yes! It is called a #DAO, which stands for 'Decentralised Autonomous Organisation'. A #DAO allows the community to make every future decision regarding the protocol through proposals and voting!
This project review as well as other reviews & free crypto guides can be read more clearly on my website: 🔽 altcryptotalk.com/crypto-guides/
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2- @Klaytn_Official is a hybrid open-source blockchain that launched in 2019, with a mission to shake the #gamefi and #metaverse space. The creators of #Klaytn are behind South Korea's largest internet company, #Kakao!
3- The #Klaytn#blockchain works differently from other major networks like #BNBChain, #Polygon or #Ethereum as they generally use one main consensus mechanism such as Proof-of-Work (PoW) or Proof-of-Stake (PoS).
@Zilliqa first launched in 2017, as they saw other blockchains struggling with one major problem, scalability. That is where 'Sharding' comes into play...
#Zilliqa's very own engineering team also created a programming language, 'Scilla' which is supposed to guarantee the safety of smart contracts by limiting the exposure to attacks on the blockchain.
Here are the most important events that happened in the past week in #Crypto, all summarized!
If you're aware of these events, you're absolutely UP TO DATE with #crypto!
Let's get started!
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2/ - Ethereum merge to proof-of-stake occurred successfully on 15th September.
- Opera crypto browser integrates MetaMask ahead of Ethereum merge.
- Starbucks offers an NFT-base loyalty program using Polygon's Blockchain Technology.
3/ - Major Ethereum mining pools like F2Pool, Poolin, BTC.com and Nanopool will support EthereumPoW after the merge.
- Bahrain central bank set to test Bitcoin payment processing solution.
- Bitcoin price falls $1K in few minutes as US CPI inflation overshoots.
Hedging is an advanced financial strategy that tries to limit risks in financial assets.
Hedging consists of taking an offsetting or opposite position in a related security/assets/crypto.
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There is a risk-reward inherent in hedging, while it reduces potential risk by offsetting the position, it also chips away the potential gains.
Generally, investors use hedging practices to reduce and control their exposure to risks.
For Example: Say Mr. X opened a long position in $BNB (Crypto) at a limit/market price of $280, but the price of $BNB starts falling due to certain market conditions so in this case,