Guides

A rug-and-pull is a typical fraudulent method of luring investors to a financial enterprise only to abandon the project and run away with the raised funds. Unfortunately, this scam has become increasingly popular in crypto. And with the emergence of non-fungible tokens (NFTs), the risk of NFT rug pulls becomes real. This article examines how rug pulls work with NFTs and how to avoid them. What Are NFT Rug Pulls? An NFT rug pull happens when the developers of an…

The decentralized finance (DeFi) space has developed substantially in the past three years. However, the threat of hacks and scams still looms on the horizon, leading to FUD (fear, uncertainty, and doubt) in users and projects. Fortunately, smart contract audit and KYC services can tilt the balance towards this sector's secure, more lucrative future. Auditing companies ensure that investors get behind real and feasible projects. Moreover, KYC standards guarantee the reliability of development teams and reduce malicious participants. These are…

In crypto, there’s no shortage of imposters and thieves phishing for unsuspecting victims’ private keys over the internet. A ‘private key’ is a cryptographic signature encoded within a 12-word passphrase that gives users access to funds within their blockchain addresses. But have you ever received an unsolicited message being given another’s private key without a second thought? What could a scammer possibly have to gain from revealing such info to another person? A lot, apparently. The ‘Here’s My Private Key’…

The proposal to implement Bitcoin covenants has spurred a fiery debate in the Bitcoin community, dividing people on the subject. On the one hand, covenants could make Bitcoin safer and more scalable. But conversely, others see it as an attack on the network’s decentralized, anonymous, and censorship-free nature. While experts unravel the implications of covenants for Bitcoin, we look closer at the proposal and how it could work. This guide to Bitcoin covenants should help clear the air if you…

Bored Ape Yacht Club (BAYC) NFTs hit the market in April 2021 and instantly gained massive popularity. Moreover, it lit up the PFP NFT market, now emerging as one of the most exciting and profitable digital asset investment sectors. This article looks at the 5 BAYC-like NFT projects that hope to mimic the same success. But first, we dive deeper into the world of PFP non-fungible tokens to discover what makes them so popular and desirable. What Are PFP NFTs?…

Playing with crypto at an online casino is an increasingly popular pastime for many cryptocurrency holders or casual players. These web-based platforms function similarly to traditional web-based casinos. However, they allow you to deposit, gain, and withdraw crypto at numerous games, including Blackjack, Roulette, Poker, slots, etc. Some players have problems choosing the best cryptocurrency for an online crypto casino games. As you may know, the crypto market is prone to intense volatility and unexpected turns of events. This means…

On June 10th, Jack Dorsey announced a new project being built by Block’s bitcoin-focused business unit, TBD. That project is known as “Web 5” – a so-called “extra decentralized web” that “puts you in control of your data and identity.” What could the Block Head have in mind with this new creation? Also, what happened to Web 3? A Decentralized Data Storage Solution When Jack Dorsey announced Web 5 over Twitter, he said it would be Block’s “most important contribution…

An active cryptocurrency trader can only do this with the support of a crypto portfolio tracker. They may want to be successful at trading or investing. A crypto portfolio tracker is an app enabling you to monitor the amount and value of your crypto assets across all wallets, exchanges, platforms, and blockchain networks in real-time. It allows you to track historical transactions, live crypto prices, gains, and losses. Above all, it helps you manage your portfolio while getting the best…

Many traders are optimistic about the blockchain's development potential and recognize that volatility is inevitable with new technology. As a result, some ask how to invest in digital assets while maintaining stability. A relevant part of investors frequently mentions stablecoins as a valid investment alternative. Anchoring the value of crypto to a fiat currency can undoubtedly sound appealing. However, fiat money depreciates as inflation increases, making stablecoins less valuable. In this particular context, the crypto market is offering a relatively…