Category Archive: Cryptocurrency, No picture
Inside the War Room: How Indexed Finance Traced Its $16M Hacker
Key Takeaways Indexed Finance, a DeFi protocol for crypto-based indices, was exploited for $16 million last month. The attacker executed an elaborate flash loan attack to exploit the functional logic of one of the project’s smart contracts. This is the story of how Laurence Day and Dillon Kellar, two core members of the Indexed Finance […]
NFT Project Spotlight: ThorGuards, the Avatars With Utility in THORChain
Key Takeaways ThorGuards is an upcoming project of 9,999 NFT avatars on the Ethereum blockchain. The ThorGuards NFTs will provide several perks and benefits when using apps in the THORChain ecosystem. The project is set to mint on Nov. 9. ThorGuards is a collection of 9,999 NFT characters with art inspired by the THORChain ecosystem, […]
DeFi Project Spotlight: Yield Guild Games, GameFi’s DAO Titan
Key Takeaways Yield Guild Games is the biggest play-to-earn gaming guild in crypto, with over 87,000 guild members. It’s structured as a DAO that invests in revenue-generating in-game NFT assets. It purchases in-game NFT assets and rents them out to players for a percentage share of the revenue earned from playing crypto games. Yield Guild […]
Beginner’s Guide: How to Hedge Your Crypto Portfolio
Key Takeaways Cryptocurrencies are volatile, which presents risks when investing. Employing hedging strategies can minimize the risk of investing in crypto. Earning yield, allocating to larger projects, and storing assets safely can reduce the risks associated with crypto investing. Crypto investors can employ a number of strategies to minimize the risks associated with participating in […]
The Top Bridges for Interoperability With Ethereum
Key Takeaways Cross-chain bridges on Ethereum have taken off with the rise of the multi-chain era. There are already multiple bridge services offering a way to migrate tokens between Ethereum and other networks. As bridges develop, cross-chain interoperability is likely to become an important theme in crypto. This news was brought to you by ANKR, […]
How Decentralized Is Solana?
Key Takeaways Compared to other Layer 1 chains, Solana is often viewed as more centralized due to its reliance on the Solana Foundation. However, when measuring Solana using the Nakamoto Coefficient, it scores higher in decentralization than Bitcoin and Ethereum. Despite this, other factors such as Solana’s token distribution show that the network is currently […]
DeFi Project Spotlight: Abracadabra.Money, DeFi’s Magic Money Spell Book
Key Takeaways Abracadabra.Money is a lending protocol that lets users deposit interest-bearing assets to mint a multi-chain stablecoin called Magic Internet Money. Its lending engine allows for leveraged yield farming by unlocking stranded capital to turn what would’ve otherwise been illiquid assets liquid. The fully-collateralized and decentralized stablecoin MIM can be found on all decentralized […]
Beginner’s Guide: Perpetual Trading on dYdX
Key Takeaways dYdX is a decentralized exchange built on Ethereum. It’s powered by the Layer 2 solution StarkWare. dYdX allows perpetual trading on a wide variety of crypto assets. Our guide details how to open a long position, set limit orders, and place stop losses. This Exchange News was brought to you by OKCoin, our […]
Five Play-to-Earn Crypto Games to Look Out For
Key Takeaways NFT-powered play-to-earn games have quickly risen to become the fastest-growing sector of the crypto economy. The play-to-earn model has stolen the spotlight from traditional games because of the built-in incentives that shift power from game publishers and toward players. With more than 3.2 billion gamers around the world, blockchain games are set to […]
Beginner’s Guide: Getting Started With Solana
Key Takeaways While Solana is still early in its development, it already has a lot to offer users. Wallets like Phantom and Solflare make it easy to interact with the network. Solana’s central limit order book Serum provides one of the best decentralized trading experiences. Launched in March 2020, Solana aims to address the scalability […]
