Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Best (ideally simple) way to hedge possible ETH bear market using DeFi

I'm sure I'm not the only one interested in this but overwhelmed by the choices. Used to use deribit but that's not for US peeps anymore I'd prefer something where I just buy a perpetual future (with deep liquidity) or maybe a long dated option. Don't wanna manage stuff or have to acquire a bunch…
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Ether is my favorite coin, is there any truth to this post?

This was written by someone in r/btc, although heavily biased wanted to see if anyone had counter arguments. Ether is all I want in my life, so please tell me you do lol "Click here and listen to a few minutes of Bitcoin developer Jimmy Song talk about Ethereum and Vitalik. Jimmy worked directly with…
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Komodo Reformed Amid Market Gloom

Despite a nearly global market dip, the Komodo token’s price jumped as news broke that the project would soon add support for more than a dozen blockchains. The company has plans to launch a new collection of NFTs. With cross-chain bridges, we can communicate between blockchains more efficiently. However, this creates vulnerabilities that need to be addressed for them not to pose any harm or exploitations on the networks they link up with.  The hack of Wormhole Bridge linking Ethereum and Solana is one example of a vulnerability because it didn’t take care of its security measures when connecting two different platforms. There were no precautions put into place whatsoever, which led directly to disaster later down the line. Related Reading | Solana Price Soars 10% As $325 Million Reinstated on Wormhole Komodo is a project with an innovative approach to interoperability attracting growing interest. The network supports non-custodial trading and includes 13 blockchains while maintaining privacy at its core values. The innovative platform is one of few decentralized exchange (DEX) platforms that can support networks outside those supported by Ethereum’s Virtual Machine (EVM). As long as the network shares Bitcoin’s source code, this DEX will work with them seamlessly and efficiently. The new cross-chain swap technology allows users to trade one asset for another without having custody of either cryptocurrency. As a result, we do not need smart contracts anymore, making them safer and more efficient than ever before. Komodos NFT Collection Launch News Making Hipe Komodo announced that they are launching Cyber Komodos, a collection of 777 NFTs. After the news release, the token saw an increase in activity. Each item will have unique features with varying rarity levels- from common to rare. Related Reading | Where Do NFTs Get Their Value From? With Komodo’s tokens launching nearly here on 15th March, it’s no surprise that price has been on an upward trajectory. At $0.69 (up from $0.45), investors can expect a bump in their investment portfolios soon enough. Furthermore, with our technical analysis for a wide selection of digital coins like Komodo, you may find that KMD could be a profitable investment option. Therefore, if one is looking to invest in virtual currencies that offer a good return on their investments over time, I would recommend buying KMD worth now and seeing how it goes up from there. Buying Komodo at 0.543 USD for a 100 dollar investment today will get you 184 KMD. According to our forecasts, we are looking for long-term increases in price over five years with an expected talent growth rate of +91%. So your $100 investment may be worth up to nearly 192 dollars in 2027. About Komodo Komodo is a leading blockchain solution built with security, scalability, and adaptability in mind. Komodos provides an architecture that allows users to create their unique chains or “tokens” on the platform without affecting other parts of this system. Komodo’s cutting-edge technology offers developers various tools to create blockchain applications. With this, you can build custom blockchain applications and integrate them with other blockchains. In addition, the platform is powered by an open API that allows developers to create their own modules for the Smart Chain Library – making it one of a kind in its class. Featured image from Pixabay, chart from TradingView.com

Luna Foundation Guard raises $1B to form UST reserve denominated in Bitcoin

Terra said it chose to denominate the Forex Reserve in Bitcoin because it considered the crypto asset “less correlated to the Terra ecosystem.”

Bitcoin wallet maker gets order from Canada to “freeze” wallets

The situation in Canada is interesting for the crypto community. Namely, it shows how a government deals with cryptocurrencies like bitcoin (BTC) in a situation where it is trying to seize financial resources. And in recent days it became clear that Canadian authorities are not so sure what to do with it! ​ Canada is…
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Ravencoin is now available to 3,000,000+ @AtomicWallet users.

submitted by /u/Funkoma [link] [comments]

The DAO hack, as told by someone who was in the thick of it when it happened.

The DAO was one of the first and most ambitious projects launched on Ethereum. Imagine a fully decentralized fund where tokenholders could invest in exciting new ventures together. It was supposed to be an 'unhackable pile of money'. $250 million worth of Ether, about 16% of the available Ether supply was locked in the DAO.…
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Cardano Looks Ready to Crash to $0.50

submitted by /u/ChemicalGreek [link] [comments]

What is your goal from investing in Crypto?

We all have different reasons for investing into Crypto. Some of us want to become rich, some want financial security. Some people simply enjoy the tech and want to build and code different things using blockchains and newer cryptography tech. I hope you can use this post as a little self-reflection moment on why you…
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