There are several clear signs that investors can watch out for to protect themselves from rug pulls such as the liquidity not being locked and no external audit having been conducted. The following are six signs users should watch out for to protect their assets from crypto rug pulls. Unknown or anonymous developers Investors should consider the credibility of the … [Read more...] about What is a rug pull in crypto and 6 ways to spot it
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NFT philanthropy demonstrates new ways of giving back
NFTs, or nonfungible tokens, have created a wealth of opportunities over the last year. Data from market tracker DappRadar found that NFT sales reached $25 billion in 2021. Artwork NFTs in particular have seen impressive growth. Financial services firm FinancePR recently determined that 257 artists generated at least $1 million in the past 30 days from selling NFT artwork. It’s … [Read more...] about NFT philanthropy demonstrates new ways of giving back
3 ways blockchain technology could further mainstream in 2022
2021 was a breakout year for the cryptocurrency sector and this year is expected to see an extension of the “mass adoption” trend.Public awareness of blockchain technology is on the rise and a new cohort of projects designed to fill more niche roles in society are likely to emerge in the coming months. Three sectors that have the potential to see significant growth in 2022 are … [Read more...] about 3 ways blockchain technology could further mainstream in 2022
5 ways derivatives could change the cryptocurrency sector in 2022
We‘ve all heard stories of billion-dollar future contracts liquidations being the cause of 25% intraday price crashes in Bitcoin (BTC) and Ether (ETH) but the truth is, the industry has been plagued by 100x leverage instruments since BitMEX launched its perpetual futures contract in May 2016.The derivatives industry goes far beyond these retail-driven instruments, as … [Read more...] about 5 ways derivatives could change the cryptocurrency sector in 2022
5 Ways Bitcoin’s Lightning Network Advanced in 2021
But even anchor inputs don’t solve the whole problem of closing fees. When a Lightning Network’s closing transaction fee gets bumped up, there’s a possible security issue. By way of a fee-bumping technique known as “Child Pays For Parent” (CPFP), a so-called “child” transaction pays too little for a fee, and so a “parent” transaction spends the same coins as the child it’s … [Read more...] about 5 Ways Bitcoin’s Lightning Network Advanced in 2021