Kelly Criterion Betting. Bet sizes were optimized for long-term wealth maximization using the Kelly criterion, a mathematical method that transformed gambling and investing. Adjustments for transaction costs and psychological aspects are necessary for the formula’s practical implementation in volatile markets, such as cryptocurrency, where optimal bet sizes are calculated based on winning probabilities. This article will define the Kelly Criterion Betting, describe its operation, discuss its potential applications in cryptocurrency trading, compare it to the Black-Scholes model, and outline its advantages and disadvantages. What is Kelly’s Criterion for Betting? Mathematically, the Kelly criterion determines the optimal size of a series…
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Trump’s Crypto Platform. The Republican National Convention has approved President Donald Trump’s revised Republican Party program. Except for a crypto policy that promotes innovation, the rest is typical Republican fare. While it’s great that Trump has pledged to protect Americans’ rights to mine Bitcoin, self-custody digital assets, and transact freely, the platform severely lacks one component. That was an oath to shield decentralized project creators from judicial meddling and possible criminal charges. Biden Administration Hostile Ripple and Coinbase are only two examples of the crypto firms that have faced hostility from the Biden administration. The creators of privacy-preserving technology have…
Compound Finance Hacked. Compound Finance, a decentralized finance (DeFi) lending platform that experienced a meteoric rise in popularity during the 2021 crypto market bull run has compromised its official website and is now displaying a malicious phishing link. The attack was initially brought to light by blockchain investigator ZachXBT, who cautioned crypto community members to avoid visiting the site temporarily. ThZachXBT was there to announce the hijack on his official Telegram channel. At the moment, investors’ money is being stolen via a newly registered phishing site that replaces the genuine Compound Finance website. It is quite interesting that a team…
Genesis Trading Sells Bitcoin. Genesis Trading, a significant player in the market presently going through the process of filing for bankruptcy, is continuing to liquidate substantially more Bitcoin assets. The corporation has transferred 600 Bitcoin (BTC) to Coinbase, estimated to be worth around $37.72 million. This action has garnered the attention of investors as well as analysts. Bitcoin’s recovery is being called into doubt due to this most recent transaction, which is part of a bigger trend seen over the past month. This pattern has raised concerns about potential market implications. Genesis Trading’s Bitcoin Liquidation It has been reported that…
Biggest Bitcoin Debate. Mt. Gox has been in the spotlight because it has returned $9 billion worth of Bitcoin transactions to its customers. These transactions were not a gift reward but a return of the customers’ stolen items. Mount Gox, the largest Bitcoin cryptocurrency exchange at the time, experienced a security breach that resulted in the largest cryptocurrency theft ever, resulting in the loss of 850,000 Bitcoin. This occurred more than a decade ago. While it was valued at over $470 million, it is now worth $53.3 billion. The difference is a significant amount. Thousands of holders have been harmed…
Bitcoin (BTC) Donations to Germany. The participants in the cryptocurrency ecosystem are responding unusually to Germany’s implementation of a Bitcoin (BTC) price drop. The wallet that Arkham Intelligence is tracking has begun accepting donations in Bitcoin less than twenty-four hours after the Saxony government emptied its final batch of Bitcoin on Trader Flows and 139Pon. The Reasons Behind the Unsolicited Bitcoin Donation It may be said that those who advocate for cryptocurrency have an infectious mindset. The German government’s wallet address currently has more than sixteen dollars worth of Bitcoin. A couple of donors provided the money, with the highest…
Blockchain in Finance. Financial services, supply chain management, and healthcare were just a few sectors rocked by the revolutionary new trends brought about by blockchain technology. About two or three years ago, blockchain startups first gained widespread attention. Almost every contemporary business is now exploring blockchain technology for potential opportunities. Blockchain is a distributed ledger system that operates independently of any central authority. In 2009, it managed to capture the attention of the general public. Thus, conventional wisdom was that blockchain technology could only be useful in the financial sector. According to its features, blockchain technology has the ability to…
Mirror Trading in Crypto. Trading cryptocurrencies, especially for those without experience, is fraught with danger because of how unpredictable the market is. Mirror trading and copy trading are two trading tactics that might help you lower your risk by mimicking the actions of successful traders in the market. Here, we’ll examine mirror trading and how it relates to cryptocurrency in great depth. What Is Mirror Trading? To achieve the same level of success as a famous trader, you can use a technique called “mirror trading,” in which you mimic their every move in the market in real-time. This trading method…
Mt. Gox Repayment. Finally, after a protracted period of silence, the much-maligned Bitcoin exchange Mt. Gox has begun paying back its creditors. This conclusion to a well-publicized issue in the cryptocurrency industry is doing more than just putting an end to a low point for Bitcoin; it is also having an immediate impact on the asset’s market dynamics. The rehabilitation trustee for Mt. Gox, Nobuaki Kobayashi, said on July 5 that creditors would begin to receive repayments in Bitcoin BTC $57,861 and Bitcoin Cash BCH $342. The repayments are made possible through an intricate web of transactions, where every entity…
Benefit from Bitcoin Mining. Beyond ensuring the safety of networks, Bitcoin mining has several other applications, such as powering machine learning and massive gaming rigs with graphics processing units (GPUs). Supporting sustainable grids and renewable electricity generation is the mission of Bitcoin Policy UK, an advocacy organization established in the United Kingdom. Bitcoin is now valued at $57,831. Bitcoin Mining FTW The research that the organization conducted on July 10 suggests that the Bitcoin mining business, a significant consumer of electricity, maybe the key to making the intermittent power supply of renewable grids “robust and viable.” According to the study’s…