January 15, 2024
Bitcoin ETFs have been approved: What you need to know
TL;DR A Bitcoin exchange-traded fund (ETF) is a financial instrument that represents one’s Bitcoin holdings and which can be traded in the stock market instead of on a cryptocurrency platform. Bitcoin ETFs allow investors to own and trade bitcoin, without needing to store and secure the assets themselves, allowing for greater access, convenience, and adoption […]
January 2, 2024
PDAXScope: BTC breaches USD 45K amid approaching ETF approval
(January 2) Analysts are now setting their eyes on Bitcoin as BTC breaks USD 45K amid looming ETF approval. Bitcoin blockchain sets new record in NFT sales. Check out other fresh news in the crypto world in today’s issue of the PDAXScope. 📰 Crypto news -> Bitcoin clears USD 45K key date for ETF approval […]
May 8, 2023
What you need to know about the GALA v2 upgrade
Gala Games (GALA) is launching its GALA v2 token upgrade this May which will introduce a newer version of the GALA token to support its gaming ecosystem. To accommodate this, PDAX will be suspending all GALA transactions on its platform beginning May 14, 12:00 p.m PHT until the upgrade has been successfully completed. The GALA […]
April 12, 2023
0x (ZRX) –a lot of DEXs in one place
Many crypto users value the use of decentralized exchanges (DEXs) for carrying out trades without needing to turn over their private keys to custodial wallets. The common problem, however, is they encounter issues concerning available liquidity, often resulting in transaction delays and slippage. This is just one of the problems associated with DEXs that 0x […]
April 12, 2023
Dai (DAI)–the ‘unbiased’ stablecoin
As an up-and-coming technology, cryptocurrencies still come with plenty of volatility as prices fluctuate along with demand and user adoption. This is why stablecoins were created to give users a more reliable way for transacting value exchanges through the blockchain. Stablecoins are cryptocurrencies that are pegged to a real-world currency (often the US dollar) and […]
February 23, 2023
Cryptocurrencies you can trade on PDAX
With 37 cryptocurrencies and counting, PDAX offers one of the widest token offerings you can trade directly with Philippine pesos. Here’s a rundown of what we have available on both the PDAX mobile app and on web.pdax.ph. Take note that some cryptocurrencies are paired with PHP while some are paired with PHPT. PHP is used […]
February 20, 2023
Aave (AAVE) – a decentralized market maker protocol
After Bitcoin introduced the concept of a decentralized ledger system that requires no third party to run it, it was logical that the next developments would be to take many of our traditional financial instruments such as borrowing and lending–and figure out a way to execute them on a blockchain without having to resort to […]
February 14, 2023
What you need to know about Axie Infinity Shards (AXS)
To date, Axie Infinity remains the household name when it comes to play-to-earn games, arguably setting the blueprint for how a blockchain network can establish its own in-app economy sustained by a community of gamers. Developed by Sky Mavis and launched in 2019, Axie Infinity built on the idea pioneered by a previous project, CryptoKitties. […]
January 24, 2023
Smooth Love Potion (SLP)–play to earn in the Axie Infinity Metaverse
To date, no one can argue that among play-to-earn games, only Axie Infinity has been able to achieve mainstream popularity. At its height in 2021, there were over 2.7 million active monthly players globally, with the majority of network traffic coming from countries like the Philippines, where it became a viable means of earning alternative […]
January 18, 2023
Chainlink (LINK) – the oracle network guarding our smart contract data
For most Layer-1 blockchains, the data being managed and secured consists mostly of ledger entries–or rather, records for keeping track of who has how many tokens at any particular time. This is what preoccupies the validators for Proof-of-Work (PoW) and Proof-of-Stake (PoS) blockchains, who are essentially in charge of authenticating token transfers from one wallet […]