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The biggest hack in DeFi history

The biggest hack in DeFi history

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This week, hackers stole about $600 million worth of cryptocurrency from a Decentralized Finances (DeFi) network that specialized in enabling users to move digital assets linked to one blockchain to another. PolyNetwork, a multi-chain interoperability technology, is at the heart of one of the largest hacking attacks in history. PolyNetwork connects several of the world’s leading digital ledgers and blockchains, but it revealed on...

Cryptocurrencies, DeFi, Featured, Main, News

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What are NFT avatars?

What are NFT Avatars?

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The most common kind of asset created on the Ethereum blockchain network is non-fungible tokens (NFTs). ERC stands for “Ethereum request for comment” and refers to the network’s many phases of development. The most widely used standard is ERC20, which was adopted in 2015. USDT (USDT), USDC (USDC), Basic Attention Token (BAT), and Dai (DAI) are just a few of the well-known digital currencies that utilize the ERC-20...

Blockchain, Featured, Main, NFTs

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London Fork

London Fork

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Cryptocurrency investors may be aware of the “London hard fork,” a significant Ethereum update. London’s hard fork occurred nearly exactly on time at 12:33 p.m. UTC on Thursday, during the height of the 12,965,000 block, bringing in EIP 1559. The ‘London hard fork’ is a forerunner to Ethereum 2.0 and introduces significant changes to the network, including how mining will be done in the future and the...

Ethereum, Featured, Main

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GBTC unlock, where is the price of BTC going

GBTC unlock. Where is the price of Bitcoin going?

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A portion of Grayscale Bitcoin Trust’s shares worth almost 40,000 bitcoins will become available in July as part of the world’s biggest bitcoin fund’s much-anticipated lockup expiry.  A pivotal month for GBTC’s market effect is about to begin, with BTC price action continuing to “do everything right” to maintain support. The Grayscale Bitcoin Fund (GBTC) is scheduled to release more than 40,000 BTC...

Bitcoin, Featured, Main, News

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number go up - to the moon

What is Bitcoin’s Number Go Up technology?

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The ‘Number Go Up’ has an interesting origin from the world of Bitcoin memes and Twitter discussion, where it is often referred to as NgU technology. Number Go Up technology refers to Bitcoin’s difficulty setting feature and strictly limited supply of 21,000,000 (twenty-one million units). Given the extreme scarcity of Bitcoin and the inability to copy it, this causes the price of Bitcoin to go up. When did the...

Bitcoin, Cryptocurrencies, Featured, Main

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