How SolidProof Ensures Transparency and Security through Audit and KYC Systems

Solidproof is among the most trusted blockchain security and smart contract auditing companies in the crypto market today. The Germany-based company has its objectives to fix the security and transparency issues smothering the crypto space. Unfortunately, as the industry attains more progress, so do the opportunities for bad actors to victimize honest investors. According to a yearly report on crypto crimes by Chainalysis, $14 billion of all transactions in crypto in 2021 were associated with scams or money laundering. These…

Top 10 DeFi Tokens To Invest In 2022

DeFi or decentralized finance tokens continue to be the center of attention in the crypto realm. Many individuals have started to make the most out of DeFi coins. After all, DeFi coins make it possible to address outdated issues in the financial sector. The truth is that DeFi coins have had consistent demand, and this trend continues to head in an upward direction. But once you’re interested in investing in decentralized finance, the key is to choose the “right” DeFi…

Understanding Doxxing in the Crypto World

When experts claim “data is the new oil”, it may be hard to understand all the statement's implications. But, in short, information and data are receiving a higher valuation on the market year after year. A few decades ago, Wall Street saw energy-related companies among those with the highest market cap. Today, the attention has moved towards data-based companies, such as social networks. Of course, the other side of the data-coin is that information online is becoming more sensitive. Unfortunately,…

Undercollateralized vs. Collateralized Loans in DeFi

The debate on undercollateralized vs. collateralized loans continues as investors look for the best ways to make money in cryptocurrency. Decentralized Finance (DeFi) has taken the crypto industry by storm in 2020. Since then, the sector has spurred numerous lending tools that blew the doors wide open to cryptocurrencies for everyone. Suddenly, newbie and expert investors could access crypto funds with minimum investment. Today, loans in DeFi are accessible to anyone willing to borrow or lend. They only need to…

A Guide to Collateralized Loans in DeFi

Hodling is the favorite sport of long-term crypto investors. However, keeping your assets in a crypto wallet for years can have negative consequences. Firstly, unless their value increases, you do not accrue any profits. Secondly, it limits market liquidity and, therefore, hinders its growth. Fortunately, you can help solve both problems with collateralized loans. This short guide to crypto lending discusses how collateralized loans work in decentralized finance. Read on to discover how to use this DeFi tool in your…

Top 5 Smart Contract Auditing Companies

Deploying a smart contract on the blockchain without auditing can quickly spell "suicide" for most projects. Nowadays, hackers are constantly looking for potential code errors and vulnerabilities. Furthermore, most users have the necessary experience to know they cannot trust unaudited DeFi and crypto protocols. Fortunately, no project has to launch unaudited, especially with the abundance of professional auditors in the industry. These experts can check smart contracts in-depth, detect errors or vulnerabilities, and suggest fixes. Simply put, they increase a…

DeFi on Bitcoin? An Introduction to SOVRYN

Here's a look at SOVYRN – the project that is quietly revolutionizing the Bitcoin network with once-incompatible functionality: decentralized finance. With time, it may fully correct Bitcoin's limitation on programmability, rendering various altcoins obsolete. The Present Crypto Divide As things stand, Bitcoin is still the most valuable cryptocurrency on the market. After recently breaking its all-time high, the digital asset now has a $1.1 trillion+ market cap. Next to the total crypto market cap of $2.7 trillion, Bitcoin's market dominance…

Earliest Cryptocurrencies with DeFi-like Characteristics

A recent Chainalysis report shows how Europe accounts for 25% of the world's cryptocurrency transactions. The news came as a surprise to many. However, Decentralized Finance (DeFi) is the center of these crypto transactions. So, it takes about 50% of the total amount from the region's trades. DeFi is an innovative niche that many enthusiasts still have not explored fully. Nevertheless, numerous smaller crypto assets with similar characteristics to DeFi tokens already exist. Binance Chain, PancakeSwap, and Uniswap are examples…

Best DeFi Tools That Every Crypto Enthusiast Should Know

Decentralized Finance is one of the fastest evolving and most lucrative fields in the crypto world. It is deploying financial software and applications on the blockchain. DeFi can enable a new banking approach and offer all banking services. Today, there are 200+ DeFi projects. It is not easy for rookies to make the right investment decision. DeFi platforms offer tools for analyzing and investing in DeFi and decentralized exchanges. Additionally, some venues have unique tools that analyze various markets and…

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