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All You Need to Know About Price Impact on Decentralized ExchangesThe phenomenon known as price impact is a constant pain for traders who are familiar with high-frequency trading or have ever traded on cryptocurrency exchanges. When the effects of a price impact take place, traders are at a loss, bringing about frustration and financial setback. What Is Price Impact? The phenomenon of price impact can be best explained by the sudden change in the price of an asset as a result of the processing and execution of the transaction related to it. The price impact itself is calculated in the form of the size of the order being traded in relation to the amount of liquidity currently available. The relation
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The Most Common Types of Crypto ScamsThe cryptocurrency space is still teeming with all manner of fraudsters, scammers, hackers and neβer-do-wells, all seeking to profit illegally in an industry that is still suffering from lack of proper law enforcement. The year 2023 has seen a considerable decline in crypto-related crimes, according to a report by Chainalysis, largely due to the overall slump in liquidity volumes on the market, making it less attractive for criminals. Still, crime still runs rampant throughout the crypto industry and the following is a list of the most common types of fraudulent schemes encountered by users in the market in 2023. The Investment Manager
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The Perils of AI-Assisted TradingThe advent of artificial intelligence heralded a new era in both data processing and the utter diminishment of human critical thinking and information analysis. The ability of AI to process vast amounts of information makes it an ideal instrument for the identification of possibly beneficial grains of data that can be used to derive insights and trends. However, the forecasting abilities of AI are extremely limited, since they rely on the information that the machine is provided with. Considering that the AI is devoid of the ability to apply critical thinking and distinguish truth and facts from garbage data, the reliability of the derivation
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Blockchain as a Streamliner of FinanceBlockchain technology was initially developed as an alternative for the traditional financial industry. Considering the many limitations of such gateways as VISA, MasterCard, and traditional banks, Bitcoin β the original cryptocurrency β leveraged blockchain as a means of accelerating transactions and eliminating intermediaries from the chain of operations. By making payments faster, more transparent, and more affordable, blockchain was conceived as an ideal alternative to international gateways and the financial infrastructure as a whole to facilitate cross-border monetary transactions. As time passed and the blockchain and cryptocurrency
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Uses of AI in Web3 and Web3.0The use of Artificial Intelligence, or AI, is slowly spreading, with new applications being discovered for the technology, and some previous ones β discarded. And while some are questioning the real-life applications of AI, others are stressing the vital role it will play in the formation of the internet of the future, or Web3. However, there are still some misconceptions about Web3, or to be more specific β about the differences between Web3 and Web3.0. The fact of the matter is that both of these technologies have some aspects in common, but are rather different, with AI being the major factor uniting them under the banner of the interne
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Web3 and Trading β The MergerWeb3 is the next stage of the Internet, as described by most tech enthusiasts and experts alike. The decentralized version of the web is predicted to be much faster, more intuitive, reliable, transparent and user-oriented than its Web2 counterpart that we are all using today. Most importantly, Web3 is supposed to be based on blockchain technology, meaning that it will be entirely decentralized and will eliminate the need for any intermediaries, thus greatly expanding the liberties of users and ensuring the security of their personal data. Web3 will be using artificial intelligence and machine learning as a basis for many of its services, t