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Author: CryptoPress

YTD (Year to date)

Year to Date (YTD) is a term that refers to the time period that runs from the beginning day of the current calendar year, or fiscal year, to the present day. YTD data is important for examining financial and business patterns over time, as well as comparing performance statistics across investments in the same or other sectors. The word is most often employed in the conventional investment business, but it may also be used in blockchain...

Cryptocurrencies, Glossary

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Yield Farming

Yield farming is a way for cryptocurrency projects to create tokenized incentives for users. Because these projects do not depend on a centralized market facilitator, many decentralized finance (Defi) initiatives employ yield farming to encourage users to contribute to the network’s liquidity and stability. Staking or locking up cryptocurrency inside a blockchain system to create tokenized incentives is known as yield...

DeFi, Glossary

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Zero-Knowledge Proof

A zero-knowledge proof is a method of authenticating a transaction without revealing any information about the transaction, providing privacy for the transaction while maintaining its legitimacy. Zero-knowledge proofs were developed by MIT professor Shafi Goldwasser in 1987. They were used to construct an encryption scheme that allowed two parties to communicate over an insecure channel without revealing any information about their...

Glossary

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christine lagarde

Christine Lagarde thinks crypto assets are worthless but her son invests in crypto

Christine Lagarde, president of the European Central Bank (ECB), has stated that crypto-assets should be regulated and are worthless but has admitted that her son is a crypto-investor. Speaking at an event, Lagarde said: “I am not a big fan of Bitcoin and other cryptocurrencies. I believe in the potential of blockchain technology and its ability to support financial inclusion and expand access to financial services for many people...

Bitcoin, Crypto adoption, Cryptocurrencies, Front page, Main, News

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tether

Tether Announces Reduction In Commercial Paper Reserves

Tether’s commercial paper holdings have been reduced by 17% as the company seeks to improve the quality of its reserves. In its Consolidated Reserves Report released Thursday, the company indicated that it had reduced its commercial paper holdings from USD $24.2 billion to USD $20 billion during the first quarter of 2021. As of March 31, the end of the first quarter, Tether’s reserves were USD $82 billion of which 86% consisted of...

Altcoins, Cryptocurrencies, Front page, News

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