altcoins
The most recent in a series of DeFi hacks happened less than 36 hours ago to the Nomad project. The ambitious dApp promised cross-chain interoperability with “increased safety“, giving developers the option to “securely build cross-chain applications (or xApps) and bridge assets between chains”. It was namely this feature that got exploited, letting hackers and allegedly random users on public Discord servers drain over $190 million worth of cryptocurrencies through the project’s bridging Smart Contract in what is dubbed as the “First Decentralized Robbery“. Q2 2022 hedge fund letters, confere...
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When RiskHedge chief analyst Stephen McBride told me he was launching a crypto service, my first thought was… Q3 2021 hedge fund letters, conferences and more The timing could not be more perfect. The Crypto Market Is Sitting On The LaunchpadAs I’ll show you today, the charts tell me the entire crypto market is sitting on the launchpad. The crypto space hasn’t looked this primed to surge in a long, long time. If you’re new to RiskHedge, I’m a professional trader. I use price, volume, and other “charting” indicators to identify assets before they take off. Today, let’s look at the crypto market...
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As the most popular cryptocurrency by far, Bitcoin is often assumed to represent the entire ecosystem. So when critics point out the amount of energy that is being used by the “Proof of Work” network, the market as a whole is affected. Q2 2021 hedge fund letters, conferences and more In reality, many cryptocurrencies use a different technology to secure and operate their networks called Proof of Stake, which does not require the electrical load of Bitcoin. The comparatively negligible environmental impact of Proof of Stake based cryptos is an important advantage, but the opportunity is much la...
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Ethereum’s the new ‘silver’ of the crypto market, but it’s imperative to have solid asset backing, says Crypto expert Q1 2021 hedge fund letters, conferences and more Ethereum Is Becoming The New SilverGregory Klumov, CEO of STASIS, EXANTE’s sister company, has said that Ethereum is vastly becoming the new silver of the crypto market, however, he’s compared the crypto industry to a casino, with everyone piling in to try and make a quick profit. He says that this could be dangerous and therefore investors need to protect themselves with a solid asset backing. Gregory says: “The cryptocurrency i...
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Altcoin or alternative coin is a generic term used to describe all forms of cryptocurrency that came after Bitcoin. In the cryptocurrency world, Bitcoin enjoyed a monopoly for about two years before the first altcoin was introduced. Bitcoin being the first and most popular cryptocurrency is now out of the reach of many investors because of its high price, which is over $19,000 for one coin. So, those interested in investing in crypto go for altcoins that are popular but aren’t as expensive as Bitcoin. If you also have similar plans, then detailed below are the top ten alt coins by market cap.Q...
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