Mining, Staking, Liquidity Pools, and Yield Farming; What’s The Difference Between These Investing Strategies and How Can You Use Them?
In this post, you’ll learn how to use actual coins and tokens you already own to earn more. There are also many ways to do that. But to make it easy we’ll cover four different methods: mining, staking, liquidity pools and yield farming. You’re about to learn that and get comfortable with understanding how you can use each of the above methods as part of your overall cryptocurrency investing strategy.
The Biggest Crypto Hack in History. How It Happened, Why the Hacker Returned All $770 Million, and Why It’s a Great Reminder for Crypto Investors
A hacker, or group of hackers, stole $610 million USD from a project called Poly Network. That’s $770 million Canadian, marking the largest crypto hack in the history of the industry. The most mind-blowing part of it all? The hacker (or group of hackers) have already returned all the stolen funds. Both the amount stolen in the hack, and the fact that it’s all willingly returned makes this one of the most monumental stories in all of crypto history, and definitely one of the top stories of 2021.
Crypto News: Redditors Are Buying Bitcoin Together, Crypto Firm Predicts Huge Price Appreciation Next Year, and MasterCard Makes More Moves
This edition of Netcoins news features major news regarding broader crypto adoption around the world. We get started with Redditors coming together to buy large amounts of Bitcoin in celebration of El Salvador officially granting the cryptocurrency status as legal tender in the country. MasterCard tries to enhance its crypto capabilities as well. And a major research firm in the United States is predicting that the price of Bitcoin will double by early next year.
In early June, the President of El Salvador Nayib Bukele announced that his country would be the first ever to call Bitcoin legal tender and allow businesses to take it as payment. Bukele’s announcement took the crypto world by storm as we now have taken yet another major step forward in the adoption of cryptocurrencies. Today we’ll dig deeper into what El Salvador’s plans around bitcoin mean for the country, bitcoin, and you, the investor.
Crypto News: Crypto Taxes Are Coming to America, Eye Hacker Is Returning $610 Million, Public Companies Are Stacking More Bitcoin, And More
At the time of this writing, crypto prices are dipping. There is good news this week, however. The largest hack in the history of crypto isn’t going to cost anybody any money and publicly traded companies continue to stock up on bitcoin.
Studying the tokenomics of a project is a form of fundamental analysis that can help you find undervalued cryptocurrencies. If you can sink your teeth into a thorough understanding of economic design principles related to cryptocurrencies, you can couple that knowledge with both on-chain analysis and technical analysis to truly get an overall picture of whether or not it’s worth investing in a particular crypto project.