Mintlayer announced that around 40% of the total supply of the Launchpool platform’s utility token ($LPOOL) was staked to gain access to a share of the Mintlayer allocation on offer. That is about 3.9 million $LPOOL tokens with a value of $15.3 million staked for access to the $600,000 allocation of Mintlayer ($MLT) presale. That’s…
Ethereum was the first generalist blockchain to popularize Decentralize Finance (DeFI) through its use of smart contracts. In turn, they created a rich ecosystem of dApps as web interfaces to the blockchain’s smart contract, so far accounting for 3,778 dApps across 6,730 smart contracts. Such dApps have recreated virtually the entire financial system – borrowing,…
The following is a guest post from Sebastian Quinn, the co-founder of Yieldly. While some have come close, none have quite managed to overthrow the incumbent — neither in user adoption nor market share. However, as time goes on and scalability and efficiency qualms grow stronger, so too do Ethereum’s contenders. When it comes to…
Crypto scams are becoming increasingly hard to spot. With scammers using glossy websites and spoofed endorsements, even sharp investors can get caught out when trying to invest. Even if you haven’t been a victim, but you know about crime or fraud involving crypto, you should still report it as you could earn you a whistleblower…
Choosing the right auditor is not easy. In this post, I will give you some tips from my own experience on how to tell a good smart contract audit company from a not very good one. How to do the initial selection? The quickest way to filter off the audit companies that will not be…
When given a choice between making a profit through DeFi or accruing value via staking, most investors would opt for the former — and sneer at any who chose otherwise. This dismissive attitude isn’t difficult to justify; after all, DeFi has long been considered the only source for good yields. Consider the numbers — in…
NFTs are non-fungible crypto tokens that lack the fungibility of their digital counterparts, hence the name. Unlike cryptocurrencies, each NFT token is unique and can be held only in a single wallet. They are not interchangeable; meaning they cannot be exchanged like dollars or Bitcoin because each NFT represents a unique digital item and price…
Yes, Bitcoin mining does consume a lot of energy — about 110 terawatt hours per year, the energy equivalent of a small country. Considering that a single Bitcoin mining farm might be running hundreds or thousands of mining rigs (roughly the equivalent of running a space heater) all day, every day, it’s easy to see…
In this article, we will explore the indicators behind the positioning of BTC investors and its psychological effect, the large increase in institutional activity, and the possible supply shortage on centralized exchanges. 97% of BTC investors are making money The In/Out of the Money Around Price indicators show the distribution of addresses that have bought…
Through central banking, the U.S. government has already demonstrated it has access to infinity money printing. If it launches a CBDC – central bank digital currency – what would that mean for the value of crypto assets? Why Would a Digital Dollar Be Useful? Have you ever wondered why you can make bank transfers via…