Building an interoperable network of blockchains dedicated to a specific purpose appears to be a viable alternative to layer-2 scalability solutions.
How to keep your crypto safe in 2023: a few tips from an analyst
Lead on-chain analyst at Glassnode, James Check, explains why taking self-custody of your private keys has become more important than ever and how to do it in a few simple steps.
DeFi-type projects received the highest number of attacks in 2022: Report
A new Web3 security report from Beosin revealed that of the 167 major security exploits DeFi projects saw the most, at 113 attacks.
Using blockchain technology to combat retail theft
Blockchain technology may be a solution when it comes to anti-theft measures for retailers.
Polkadot (DOT) Inks 10% Rally In Last 7 Days, Makes Case As ‘Non-Security’ Asset
Polkadot (DOT) is riding a solid bullish momentum that enabled it to stay in the green for the past 24 hours and maintain significant gains in the last seven days.
According to tracking from Coingecko, at the time of writing, DOT is changing hands at $4.69, tallying a weekly hike of 10%.
Moreover, the 13th largest cryptocurrency in terms of market cap has managed to trim its 30-day losses down to just 11.4% although it is still several miles away from its all-time high value of $54.98%.
Holders, though, need to be cautious as some of its technical indicators show that Polkadot’s surge might be short-lived.
DOT might soon experience strong selling pressure as indicated by its Relative Strength Index (RSI) which is currently hovering at the 50% region.
DOT No Longer A Security
Although there’s a lot of uncertainty in DOT’s future as far as trading price is concerned, it would seem that the crypto asset has put itself in a very good position to avoid being choked by strict regulations that threatens the broader crypto space.
Following the collapse of the FTX exchange platform that made investors lost a lot of money and the continued proliferation of crypto scams, analysts expect that international governments will soon bring the hammer down to better regulate ownership, selling, buying, trading and use of cryptocurrencies.
Polkadot, however, could be safe from this looming threat as according to Web3 Foundation, the altcoin is no longer considered as a security but more like a software.
In addition, the team behind the project have been proactively working with the U.S. Securities and Exchange Commission (SEC) for a more sensible regulation. In doing so, DOT might have just saved itself from this market landscape-changing development.
Polkadot Price Forecast
As there is no clear timetable yet for the enforcement of additional regulations for the crypto space, DOT investors need to turn their focus first on what awaits the digital asset in the days to come.
According to Coincodex, Polkadot’s price is poised slightly increase within the next five days as the digital currency is forecasted to change hands at $4.73.
The 30-day forecast for the altcoin is also bullish as it is predicted to make a significant jump from its current trading value all the way up to $6.26.
-Featured image: Coin Guru
Crypto companies aim to build trust within future products and services
Companies are taking new approaches to building trust within Web3 and crypto products.
Balancer warns some LPs to remove liquidity ASAP because of a ‘related issue’
The team did not disclose what the issue is, but stated that it “cannot be mitigated by the emergency DAO.”
Indonesia to launch national crypto exchange in 2023: Report
The platform comes as a part of the plan to shift the regulatory oversight from the commodities agency to the securities authority.
Sam Bankman-Fried’s Alameda Research troubles predate FTX: Report
SBF had claimed that the operations of FTX and Alameda were independent, but the recent lawsuit has revealed that both firms worked in conjecture from day one.
BitKeep exploiter used phishing sites to lure in users: Report
The attacker appears to be attempting to cash out funds using Binance and Changenow.
1inch launches Fusion upgrade to improve swap security and profitability
As a decentralized trading and matching system, the 1inch Swap Engine connects DeFi users and provides liquidity for crypto trades through professional market makers.
LastPass attacker stole password vault data, showing Web2’s limitations
LastPass users with weak master passwords may need to change the individual passwords they stored with the service.
Crypto on-chain crime drama sees the good guys finally win
Security firm Harpie managed to avert a crypto robbery by simply paying a higher gas fee than the exploiter.
Bringing community-based solutions to crypto lending can solve trust issues
The crypto lending space is plagued with trust and security concerns, but crypto lending platform BNPL Pay offers an innovative community-based lending solution.
Identity in the metaverse at risk, says former Windows architect
As metaverse adoption climbs and users join digital reality, they put themselves at risk of identity theft in new ways, including minors who engage in metaverse games.
Opera launches security tools to protect users against malicious Web3 actors
The browser also features the ability to enable HTTPS everywhere, bringing an extra layer of protection and making sure the websites people visit use proper encryption protocols.
Gensler’s approach toward crypto appears skewed as criticisms mount
While the SEC chairman has promised to make crypto safer for everyone, the recent slew of company collapses seems to suggest otherwise.
How do crypto hardware wallet firms make money?
All the companies that are involved in producing hardware crypto wallets have multiple revenue streams, either directly or indirectly.
‘Father of the iPod’ helps Ledger create new cold crypto wallet
Tony Fadell, the man behind the iPod, iPhone and Nest Thermostat, collaborates with major crypto wallet firm Ledger to build a new cold wallet.
Digital identity platform integrates with zkSync for on-chain KYC
RNS.ID’s on-chain KYC solution is designed on a “privacy engine” to encrypt users’ data.