FLUF World and Snoop Dogg give back to Auckland charity, Adidas Originals and Prada call on fans to contribute to NFT project, UNICEF celebrates 75 years with an NFT collection and WAX to carry out largest NFT airdrop. There was so much Nifty News this week that a second round-up...
Bitcoin records all-time high network difficulty amid price fluctuations
Data from BTC.com estimates that the network will continue to grow stronger by attaining another ATH in the next 12 days — with a network difficulty of 26.70 trillion. The Bitcoin (BTC) network has recorded a new all-time high mining difficulty of 26.643 trillion with an average hash rate of...
Decentralized and traditional finance tried to destroy each other but failed
Crypto to prevail over the traditional financial system, instead, competing industries started to adopt each other's technologies and cooperate. The year 2022 is here, and banks and the traditional banking system remain alive despite decades of threatening predictions made by crypto enthusiasts. The only endgame that happened— a new Ethereum...
Bearish chart pattern hints at $70 Solana (SOL) price before a possible oversold bounce
A confirmed head and shoulders pattern on SOL’s daily chart points toward a drop to $70. Solana (SOL) price may fall to $70 a token in the coming weeks as a head and shoulders setup emerged on the daily timeframe and possibly points toward a 45%+ decline.The chart below shows...
Animoca Brands doubles valuation to $5B, OpenSea tops $3.5B in January volume, Microsoft eyes Metaverse gaming: Hodler’s Digest, Jan. 16-22
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekNFT-focused Animoca Brands valued at $5B following $358M...
What are flash loans in DeFi?
Flash loans, though relatively new, are quickly rising in popularity. Learn more about these uncollateralized-type loans in crypto in the article below. How can DeFi systems protect themselves from flash loan attacks?A large majority of DeFi hacks are flash loan attacks. Since the technology is new, vulnerabilities are not readily...
3 possible reasons why Polkadot is playing second fiddle in the L1 race
The timing of parachain auctions and the lack of interoperability with Ethereum may have impacted Polkadot’s token price and its competitiveness against other layer-1 protocols. 2021 was a sort of "coming-of-age" for many layer-one (L1) blockchain protocols because the growth of decentralized finance (DeFi) and nonfungible tokens (NFTs) forced users...
How should DeFi be regulated? A European approach to decentralization
The question for DeFi regulation: Is there an "owner" of the platform who can be held accountable for complying with the regulations? Decentralized finance, known as DeFi, is a new use of blockchain technology that is growing rapidly, with over $237 billion in value locked up in DeFi projects as...
Finance Redefined: Secret’s $400M fund, and 1inch expanding, Jan. 14–21
Secret Network launched a $400 million DeFi fund and 1inch integrated Avalanche and Gnosis protocols — all coming to you in this week’s Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.Following a bearish decline for many of the leading decentralized finance (DeFi) tokens, it is within...
Buyback-and-burn: What does it mean in crypto?
When considering price volatility in digital marketplaces, buyback-and-burn strategies in crypto offer long-term price stability and token value growth. Are buybacks the way forward?Self-investment by businesses is not new and has long been a standard tool for price stabilization (or inflation) in the traditional financial market.Binance, Nexo and others are...