Blockchain Traceability. The financial services industry has seen blockchain, a digital distributed ledger technology, as a major game-changer. Also, blockchain’s potential uses in supply chain management have brought the technology’s traceability to the forefront. A blockchain is a decentralized ledger or digital system that securely records transactions between several parties in an immutable, verifiable, and transparent way. It may be possible to keep tabs on each step of a commercial transaction using the transaction record. Despite the growing interest in blockchain-based traceability, many potential applications are still in the early phases of research. With the technical foundations laid out in…
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Web3 Security and Blockchain. The value of web3 assets is increasing constantly, making security a primary priority for the web3 ecosystem. Web3 security best practices are vital to know since annual losses from web3 security breaches are growing alarmingly. Blockchain technology, an integral part of web3, can potentially improve web3’s security in and of itself. Distributed ledger technology has provided an excellent foundation for building the web3 landscape. Decentralized technology is essential to web3, which includes smart contracts, cryptocurrencies, and NFTs. Given the significant security issues that the web3 ecosystem has faced, one may question the value and function of…
Top NFT Collections. Statistics reveal that the Non-Fungible Token (NFT) industry is soaring, with a predicted total revenue of $3.369 billion by 2028 and a compound annual growth rate (CAGR) of 9.10% from 2024 to 2028. Multiple NFT collections are doing double-digit growth in market capitalization and providing game-changing innovations that are reshaping the sector. For example, Notcoin (NOT) has caused a stir in the cryptocurrency market with its novel approach to NFT vouchers; owners were allowed to trade NOT with special vouchers before the coin’s release, which piqued many people’s curiosity. This article delves into various NFT collections that…
Web3 Funding. The venture capital scene surrounding Bitcoin has changed tremendously in the last several years. As a result of the evolving funding sources enabling Web3 businesses, an ever-changing and fiercely competitive landscape has emerged. The increasing interest and confidence in this field is reflected in the substantial funding that Web3 businesses have received in recent years. Some notable examples are the $250 million raised by Dapper Labs, the $300 million secured by OpenSea, and the $450 million attracted by Polygon through a private token sale. Sorare also managed to raise $680 million, Alchemy $250 million, and Consensys $450 million.…
Web3 Games. Today’s most popular web3 games use blockchain technology to facilitate genuine ownership of in-game goods. They let users trade NFTs that stand for various things, including land, player gear, collectibles, and more. Traditional games, on the other hand, keep in-game assets on the platform, which restricts usage rights. Web3 gaming has expanded its offerings beyond collector NFT pets. Dive into virtual worlds and play fast-paced RPGs, race cars, or strategic games. For your convenience, we have compiled a list of the top web3 games so that you can choose one to play next. Find out what gamers have…
Germany Holds $2.2B in Bitcoin. Germany is home to a sizable portion of Bitcoin, which continues to highlight its significance in the cryptocurrency industry. Arkham Intelligence research indicates that the largest Eurozone economy still has 39,826 Bitcoin worth over $2.2 billion. This stockpile of pending coins represents about 9% of the $25.3 billion in the 24-hour trading volume of Bitcoin. Such a large sum can cause the market to experience more price volatility. Germany’s Bitcoin Stash The nation’s sizable Bitcoin hoard, estimated to be worth $3 billion, was taken from the movie piracy website Movie2k.to. According to a press release,…
Spot Cryptocurrency Scams. Con artists, hackers, and fraudsters have taken to the Bitcoin market in droves due to its decentralized structure and the influx of wealth into the business. If you put your money into a new project or trade coins on an exchange, you risk becoming a victim of one of the many scams around cryptocurrencies. This detailed guide will teach you how to spot and avoid the most common Bitcoin frauds. Telltale Signs of Cryptocurrency Scams It would be best to familiarize yourself with the commonalities shared by Spot Cryptocurrency Scams before it’s too late. But before we…
Invest in Web3. The third and final stage of the World Wide Web is Web3. With an emphasis on inclusivity and decentralization, web3 integrates new ideas and technology, including gamification, metaverses, blockchain, artificial intelligence, decentralization of identity, and decentralized financial infrastructure. Keep reading to discover the downsides, how to invest in Web3, and which tech stories provide the best chances of success. What Is Web3? The term “Web3” is being used to describe a potential new Internet protocol. The first stage, Web1, kicked off in the 1990s and encompassed the earliest days of internet access when devices like 56k dial-up…
Crypto Market Trends. Even though the cryptocurrency sector is one of the most creative in the world, keeping up with the latest trends can be a bit of a challenge. With the addition of each new block to the blockchain, what’s popular can suddenly become old news. Here, we will look at the most recent trends in the cryptocurrency market to help you identify the finest chances. With soaring meme currencies on L2 networks, we will travel to the moon and explore the intersection of artificial intelligence and cryptocurrency. Additionally, we will investigate the current state of the market for…
Honeypot Crypto Scam. There are two methods by which honeypot cryptocurrency scams operate, but the result is always the same: if you fall victim to one of these schemes, you will lose your money. The more widely used term “honeypot cryptocurrency” refers to non-transferable tokens. Transferring tokens to a con artist’s wallet is a more manual approach. In the end, it is impossible to remove the tokens. In this tutorial, Coinindesk overviews the two honeypot cryptocurrency scams and gives tips on being safe and not ending up like one of these statistics. Now, let’s get started. Understanding Honeypot Crypto Scam…