Polkadot is an open-source sharding multichain protocol that facilitates the cross-chain transfer of any data or asset types making a wide range of blockchains interoperable with each other. On January 21, 2021 Polkadot price was $16.06 USD with a 24-hour trading volume of $4,741,368,823 USD. Polkadot was up 2.88% in the previous 24 hours.

What is Polkadot?

The Polkadot protocol connects public and private chains, permissionless networks, oracles and future technologies as well. This allows independent blochains to trustlessly share information and transactions through the Polkadot relay chain. …


Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform. Compound price on January 20th is $218.20 USD with a 24-hour trading volume of $218,568,181 USD. Compound was down 3.68% in the previous 24 hours.

What is Compound?

Compound is a DeFi lending protocol. It allows its users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform. …


Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity. On January 14th, 2021, Curve DAO Token price was $0.688297 USD with a 24-hour trading volume of $47,691,036 USD.

What Is Curve?

Curve, or CRV is a decentralized exchange for stablecoins. To manage liquidity, they use an automated market maker (AMM). Curve is now synonymous with the decentralized finance (DeFi) phenomenon, and has seen significant growth in the second half of 2020, in spite the fact they only launched in January 2020.

In August 2020, Curve launched a decentralized autonomous organization (DAO), that uses Ethereum-based creation…


The University of Cambridge found that the number of cryptoasset users worldwide has exceeded 101 million — this was unveiled in their 3rd Global Cryptoasset Benchmarking Study that collated date from entities operating in four main segments of the industry: exchange, payments, custody and mining.

The growth for crypto

The number above is almost three times that number of cryptocurrency investors that were active in 2018; at that time, there were around 35 million of them. Since then, there has been a growing inclination towards crypto assets like Bitcoin — as reported by the Cambridge Centre for Alternative Finance researchers. Their findings correlate with…


A Beginner’s Guide

DeFi supporters have warmed up to the farming metaphor and memed into existence “yield farmers” — the weapon of choice for folks who measure yield as the amount of interest that’s grown atop underlying crypto assets when they’re in use in DeFi platforms like Compound.

Even if you are new to the crypto community, you’ve probably heard the term DeFi. Put simply, DeFi is a set of standard financial tools. These tools all have their foundation on the Ethereum blockchain. Since it is based on the blockchain, there is a level of anonymity that remains in each transaction. …


Mt. Gox, a bitcoin exchange based in Shibuya, Tokyo, Japan. By 2013 and into 2014 it was handling over 70% of all bitcoin (BTC) transactions worldwide and went bankrupt in 2004 due to an exchange hack.

The disappearance of $460 million, apparently stolen by hackers, and another $27.4 million missing from its bank accounts — came as little surprise to people who had knowledge of the Tokyo-based company’s inner workings. after a leaked corporate document said that hackers had raided the Mt. …


Robert Farkas, also known as “RJ,” the founder of cryptocurrency firm Centra Tech was accused of conspiring to commit securities and wire fraud and ordered a sentence between 70 to 87 months and a fine of up to $250,000.

Representatives of Centra Tech, a crypto project that at one time garnered A-list celebrity endorsements but was later labeled a scam in court, pleaded guilty for conspiring to commit securities and wire fraud. …


Compound is the latest means in the line of decentralized finance. There are a number of reasons for its increased demand and factors that need to be taken into consideration — is it a new bubble, or is it a force to be reckoned with?

Maker, the leader of decentralized finance protocols was recently overtaken by Compound, which has surged in popularity since mid-June. It was partially connected to the launch of its governance token, COMP, the distribution of which began on June 16. …


This one has the dubious honor of being the first ever criminal fraud case in the U.S. involving cryptocurrency — Trendon Shavers was sent to jail for sixteen month in addition to having to pay $1.23m in restitution. The judge on the case clearly stated that his whole operation was just a class Ponzi scheme and that he “defrauded innocent people” for personal gains.

What happened exactly?

Between September 2011 and September 2012, Shavers’ Bitcoin Savings & Trust (BTCST) allegedly raised 764,000 bitcoins, worth roughly $4.5 million at the time (and over half a billion USD at current Bitcoin exchange rates), from clients…


Scams are all too common in the cryptocurrency world — in addition to the monetary losses sustained by affected individuals, scams paint a negative picture of the industry and may scare off potential participants as well. However, in the case of one notable 2019 scam, the consequences may go beyond the direct victims. It seems that 2019 will also be remembered as the year of the uncovering of PlusToken, a cryptocurrency Ponzi scheme that allegedly took roughly $2.9 billion from investors.

What is the PlusToken and how did it work?

“Plus Token” was a cryptocurrency Ponzi scheme disguised as a high-yield investment program. Based in China, PlusToken presented itself…

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