Writing a book on decentralized finance is a bit like describing a riddle, wrapped in a mystery inside an enigma, to borrow from Winston Churchill. First, one must summarize the origins of modern decentralized finance, then the mechanics of the blockchain technology that provides the sector’s backbone, and only then do you arrive at DeFi’s …
Continue reading “DeFi resolving the five flaws of traditional finance, book review”
When an attacker targets a network’s user, there is usually a deeper motive for doing so. Typically, eclipse attacks can serve as gateways for more complex attacks and disruptions. 0-confirmation double spends A user is at risk of a double-spend if they accept a transaction with no confirmations. By principle, although the transaction has already …
As regulatory uncertainty continues to plague the global digital asset ecosystem, there are many anti-crypto proponents who continue to harp on the fact that the industry as a whole has a long way to go when it comes to securing itself in a manner that is anywhere comparable to the traditional finance system. Now, with …
Continue reading “Bitmart pledges to reimburse hack victims as crypto community voices support”
The nonfungible token (NFT) market is hot right now, and the future forecasts that it will only be getting hotter. The creation of the Metaverse opens the gateway for NFT luxury brands to reach $56 billion by 2030. As the production of NFTs continues to create new forms of fashion consumption, more and more premium …
Continue reading “Metaverse opens the gateway for luxury NFTs to become a multi-billion market”
The International Monetary Fund (IMF) is calling for sweeping and synchronized crypto regulations across the globe. In a new blog post, IMF officials warn that the nearly $2.5 trillion crypto market is becoming more interlinked with the traditional financial system and could pose systemic financial stability risks in certain countries. “Some emerging markets and developing …
A low-cap Ethereum token has printed massive gains this week after being listed by top US crypto exchange Coinbase. Coinbase Pro listed the altcoin Circuits of Value (COVAL) on Monday. The exchange then added retail support for COVAL on Coinbase.com and its mobile apps on Thursday. COVAL is the Ethereum token behind the Emblem platform, …
The Financial Action Task Force (FATF) released its long-awaited guidance on virtual assets, laying out standards that have the potential to reshape the crypto industry in the United States and around the world. The guidance addresses one of the most important challenges for the crypto industry: To convince regulators, legislators and the public that it …
Continue reading “FATF guidance on virtual assets: NFTs win, DeFi loses, rest remains unchanged”
Cardano (ADA) developer Input Output Hong Kong (IOHK) is announcing the successful launch of a test network (testnet) to allow Ethereum-based tokens to migrate to the Cardano blockchain. IOHK says that it is initially partnering with decentralized artificial intelligence network SingularityNET (AGIX) in the initiative. “In this initial testnet version, users can move SingularityNET’s AGIX …
The fan token market has been growing in value this year, surging around $157 million in terms of total market capitalization since June. According to data from major fan token website FanMarketCap, the market cap of all fan tokens is estimated to amount to slightly over $417 million at the time of writing. This is …
Continue reading “Fan token market cap surged over 60% since June: Data”
HodlX Guest Post Submit Your Post The internet has been a catalyst for radical change throughout its evolutionary journey, touching every aspect of our lives. Web 2.0, for one, has introduced several unprecedented avenues for financial innovation globally. Gig economies have been one of its most significant contributions. From cab booking, to at-home massages, to …
Continue reading “Analyzing GameFi’s Potential in the Southeast Asian Market”
The long-standing mayor of Miami Francis Suarez has now announced plans to take a part of his 401(k) payout in Bitcoin (BTC) just a month after he started receiving salary in BTC. Soon after becoming the first United States lawmaker to accept a part of his salary in Bitcoin, Suarez wants to dedicate a part …
Continue reading “Reelected Miami mayor to take 401k retirement savings partly in Bitcoin”
On Monday, it was determined by a Miami court that Craig Wright, the alleged creation of Bitcoin, would pay $100 million in damages to David Kleiman, Wright’s partner. The case had dragged on for about a year and finally came to an end with this judgment. This time, Wright did not appeal the judgment as …
Scaling solution Polygon has stepped up its Zero-Knowledge (ZK) proof ambitions. According to an official post, a startup called Mir will collaborate with Polygon and has invested a staggering amount of $400 million. Related Reading | Polygon: Ethereum’s Friend Is Looking To Make Big Strides Mir and its team of experts will join the scaling …
Continue reading “How Polygon Sealed A $400M Deal To Get Ahead In The Ethereum ZK Rollup Race”
Bitcoin’s utility as an inflation hedge has been a big push for the adoption of the cryptocurrency by investors. Ethereum on the other hand is fast-rising to become the preferred crypto for hedging against inflation for investors. The digital asset’s performance over the past couple of years has proven that it is a strong contender …
Continue reading “Galaxy Digital CEO Explains Why Ethereum Is Outperforming Bitcoin”
On-chain data shows Bitcoin miner reserve is growing as miners are accumulating BTC. The Puell Multiple confirms that miners don’t want to sell at the current price level. Bitcoin Miner Reserves Grow To Highest Value For The Year As pointed out by a CryptoQuant post, BTC miner reserve has been going up as miners seem …
Continue reading “Bitcoin Miners Hold Off On Selling As Their Reserves Reach 2021 High”
