Guides

As the blockchain industry grows, we see an increase in the imagination of hackers. The first scams in the sector appeared somewhat naive. Today, we are witnessing the emergence of increasingly complex techniques. With the refinement of hacking methodology, it is increasingly more work for users to avoid cybersecurity traps. This article will discuss eclipse attacks and criminal mechanisms that attack blockchains. The direct victim of the attack is not, in this case, the end-user. However, as we will explain,…

The growth in popularity of cryptocurrencies is now evident to everyone, enthusiasts, and skeptics. However, among the many consequences of this phenomenon are aspects related to criminal activity. Several reports demonstrate the increase in crypto-related criminal activity in 2022. Among the many operations criminals use, the so-called "honey pot" is one of the most widespread. After a necessary premise on smart contracts, this article will explain how a honeypot works. But, more importantly, we will see how the world is…

When the world first learned about cryptocurrencies, we discovered the Proof-of-Work (PoW) protocol. Over time, superior technologies have introduced greater efficiency in this area. An example of such growth comes from the increased use of the Proof-of-Stake (PoS) protocol. The evolution of this system leads to the birth of more eco-friendly cryptocurrencies with faster transactions. Those who have dared to explore ways other than PoW have launched a new trend in the sector. Today many blockchains are trying to put…

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, 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,…

Crypto backtesting involves running and applying a specific trading strategy to historical market data to evaluate how it would have performed. The analytical method delivers a clear overview of qualified strategies that can be applied in a real-world environment using real capital. The mathematical simulation provided by crypto backtesting is an essential component that traders use to analyze past market data and ultimately develop an effective trading system. The process can empower investors to pick out a crypto strategy that…

Short-term Bitcoin traders have an acute interest in how they can dodge paying taxes on their Bitcoin, especially on capital gains. Others see it as a tool for evading taxation, including income tax. These strategies are usually quite difficult in practice and, therefore, NOT recommended. However, a more interesting question – relevant to law-abiders and long-term HODLers – is how we can use our Bitcoin to help pay our taxes. Directly. This prospect is essential for people who store most…

In 2022, crypto trading will continue to become more mainstream. However, there is often a lot of confusion around the “best” mobile wallet to safely store your currency. The truth is that the available range of mobile wallets can overwhelm users. A crypto wallet works just like a physical wallet in a modern sense. But instead of paper-based currency, it holds digital cash with proof of security. Understanding that a crypto wallet can be an online site, an app, a…

It’s 2023, and Bitcoin continues to maintain its universal recognition. The popularity of Bitcoin is at an all-time high and garners more attraction from crypto investors than ever. One of the best aspects of using Bitcoin is moving coins from a particular crypto exchange platform and storing them in an external hardware wallet. Interestingly, the best hardware wallets for Bitcoin are often the simplest ones. Hardware wallets are perfect for storing and managing your Bitcoin holdings with complete transparency and…

The debate on undercollateralized vs. collateralized loans continues as investors look for the best ways to make money in cryptocurrency. Decentralized Finance (DeFi) took 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, newbies 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 decide…