Rainbow on FI

I have been thinking of getting a ".com" domain for my blog for a long while. What puts me off from action was the exorbitant price of my previous blog name's domain. As hilarious as it seems, any domain that ends with "coin" these days are being auctioned at crazy prices (you can google that to verify) due to the crypto popularity up rise. Since I am not ICO-ing or earning crazy bucks for blogging, I don't see a point to bid for it. So I finally decided to go ahead with a domain but ditch the "coin" and brain-storm for an alternative blog name - one that will not risk much of an identity loss to my original. Birth of my new domain It takes a bit of trial-and-error before I settled for rainbowonfi.com , which contains the same number of letters as my previous blog name. I find it quite catchy and easy to remember. Google it and it straight away appears at the top of the list. I designed my logo with a logo-making app in 3 steps, so it may not be th...

A non-crypto related video from a crypto Youtuber that I chanced upon known as Techlead. He brought up this notion of viewing being a housewife / househusband as a job... interesting concept. The part about "perfect" housewife / househusband graduates really cracked me up. Any opinion on this from those who are married? In this video, he mentioned  The Four Horsemen of the Apocalypse for relationships - a concept that I have not came across before. It is a guide showing us how to manage conflicts effectively (criticism, contempt, defensiveness and stonewalling). At the end of the day, "rules are rules, and theories are theories". In real life, every couple's relationship and emotional dynamics may be different and it is sometimes difficult to frame with them. Photo by Mayur Gala on Unsplash (I don't advocate his crypto shillings.) -- Alright, a quick update on my crypto portfolio. I shall be taking a short blog break from crypto posts. Nope, I didn't g...

Ever heard of Hegic, Opyn, FinNexus ?  They are all Defi options trading apps. Not exactly new nor wildly popular, I have only just come to know about them being a crypto laggard. Option is not a simple derivative to offer (for market makers) and definitely not an easy instrument for noob retail investors to grasp. Just thought it's interesting to see how these new unicorns innovate and conceptualize options trading in the decentralized space without a traditional order book mechanism. Below are a couple of articles which I have read to satiate my curiosity and some information worth highlighting tagged with my comments in blue below.  Cryptocurrency options competition: What are the characteristics of FinNexus’s liquidity aggregation solution? "Unlike spot or futures, the liquidity of options is more difficult to obtain. For spot, there is only one category, and for futures, there are at most several categories. For options, because there are different expiration dates, ...

Endnotes on 2020: Crypto and Beyond by Vitalik Buterin (writing from Singapore Dec 2020) "People are motivated not just by earning as much money as possible in the work and extracting enjoyment from their money in their family lives; even at work we are motivated by social status, honor, altruism, reciprocity, a feeling of contribution, different social conceptions of what is good and valuable, and much more."

Low commission trading experience Gemini Exchange, founded in 2014, is a centralized exchange platform for trading of cryptocurrencies. It is available in web and mobile interfaces, and supports many common fiat currencies for crypto trading. Setting up the account is quite a breeze but have to go through the usual KYC. I set up my account about three years ago.  Funding your trading account The account can be easily funded by fiat or cryptocurrencies. If you do not have USD, simply deposit in SGD to trade by  linking up your SGD bank account . The transfer (in/ out) is done via FAST through Xfers so it is fast! Do note that a maximum of 20,000 SGD can be sent per deposit transaction. Each account holder has a unique bank account number assigned, so be sure to input that correctly under Transfer details.  If you prefer to trade in USD, you can link up a multi-currency account and remit USD which takes about 1-2 working days to be reflected when you make a deposit or withd...

Celsius network is a financial technology (fintech) platform that offers interest-bearing savings accounts, borrowing, and payments with digital and fiat assets. Something like Blockfi which I have previously mentioned. It offers more than 35 tokens on platform for deposits. It also offers loan. If you are considering opening a Celsius account to earn interest on your cryptocurrencies, read on. Due to the attractive sign up rewards, promotions and recommendations, I decided to give it a try. I was previously using Blockfi for earning stablecoins interest as they were running a 10% APY promo till end of July. Celsius offers a clean and easy-to-navigate app platform interface and now has a web app as well. My only gripe is the jumping of hoops to gather all the rewards on signing up and I kind of failed my hoop-jump attempt.  To save new users from some angst, I will share how to juice the sign up rewards correctly below. Celsius will always update their active promo codes frequen...

Decentralized finance (DeFi) has demonstrated that banking and financial services can be displaced automated by making use of blockchains, and function seamlessly though not without limitations . Such services include depositing, lending, borrowing, accounting of money and trading of currencies / derivatives. DeFi communities and economies are not limited by a central power of control, thus things can faster and rewards can be bigger (risks are also much higher). Sharing another enlightening video from Finematics.