Cardano's DeFi ecosystem is posting some shocking figures that point to rapid growth.

California City, USA, 5th March, 2022, Chainwire Within 5 hours of the launch, $1.4 million worth of assets were locked ...

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Osmosis launched a new staking service for Cosmos.

Safety is one of the most important topics of the crypto sphere, and with good reason. Even the most significant self-custody platforms, such as OpenSea, are vulnerable to malicious behavior and attacks. Read on to find out why security should be your number one priority, and learn from a recent, serious phishing attempt on OpenSea. What does self-custody mean? Essentially, self-custody in crypto refers to holders’ sole responsibility to handle and store their information data such as private keys. Consequently, a self-custody platform does not keep any kind of record of private keys, and thus delegates the task of safeguarding them to key owners. About the OpenSea phishing attack Phishing is a type of malicious activity that manipulates the victim into sharing confidential credentials or information, mostly by fake communication. Phishing is a serious threat even today, and it’s also one of the hardest attacks to discover, as it’s disguised as ordinary messaging. To demonstrate how real this issue is, here’s the recent case of OpenSea, one of the most important Non-Fungible Token (NFT) marketplaces of its time. According to official sources, the phishing attack influenced 32 platform users, who actually suffered damages to their holdings because of the event. The company’s CEO, David Finzer, highlighted that the attack is likely not directly connected to OpenSea’s platform, and users signed the malicious action elements somewhere else, which just underlines the significance of keeping your sensitive data safe when using a self-custody platform. Overall, while some rumors said that the stolen value was somewhere in the $200M range, David Finzer mentioned that the address, which they believe to be the hacker’s, has $1.7M to its name, which is still an outstandingly high figure. Why should safety be a priority? With the advancement of technology came the progress of hacks as well, and so nowadays, it’s more important than ever to take all the necessary precautions that aim to prevent such events. This is especially true when using self-custody platforms, since it’s the users’ responsibility to safeguard their private information, including their private keys. The reason why safety should come first is quite straightforward: the more one accumulates, the better the target for hackers, and if security is neglected, all those hard-earned funds can permanently disappear, faster than one would think. Implications of safety while trading Safety is also vital when it comes to trading cryptocurrencies, be it on a centralized exchange (CEX), or a decentralized exchange (DEX). Unfortunately, there are very few platforms out there that actually put sufficient emphasis on the topic. A great example of a DEX that ticks the box of high-level security is FOMODex, which is a multichain automated market maker (AMM), supporting Binance Smart Chain (BSC), Ethereum (ETH), and Polygon (MATIC). The platform recognized that without proper safety measures, everything else is basically useless, as results are only as good as their protection. Therefore, its team reportedly created FOMODex to be one of the most secure DEXs, despite its multichain environment and high volume of transactions. To further emphasize this, FOMODex launched as the first DEX that is regulated in the U.S., which means users’ protection is elevated, and grounds are provided for legal cases, should fraud occur. This is a remarkable achievement, as U.S. regulators are notoriously hard to get approval from. Final thoughts As demonstrated by both theory and real-world events, safety is truly one of the most overlooked, yet extremely vital aspects of dealing with cryptocurrencies. However, with next-generation platforms and users recognizing its importance, proper security will become the number one feature users look for when choosing where to conduct business in the near future.

After years of fine-tuning its technology, Cardano has finally launched its first DEX on January 20, called SundaeSwap. On the day of its launch, its TVL reached $4.3 million. Cardano’s token, ADA, rose 10% the previous week in anticipation.

The WAVES coin price action shows a double bottom breakout that may lead to a potential trend reversal and reach the $15 mark. Waves is an all-purpose blockchain platform that can be used for a variety of purposes, including apps that are decentralized (DApps) and smart contracts.  The first DEX aggregator Puzzle Swap launches on Waves blockchain, causing investors to purchase Waves. This launch is a thrilling possibility to the community, given it is known that DEX aggregators are extremely sought-after as the adoption of crypto continues to grow. This suggests an increasing demand for the service, making the present a good opportunity to invest in the token. Let us move ahead to read about Waves technical analysis. Past Performance of WAVES WAVES coin price forms a double bottom pattern near the $8 mark after the downfall of almost 75% in the past four months. The correction phase started with the rejection near the $36 mark. However, the recent double bottom breakout brings a recovery of 50% from $8 resulting in a potential trend reversal.  WAVES/USD Daily Chart WAVES Technical Analysis The WAVES coin price breaks above the neckline of a double bottom at $10.5 and continues to approach the $12.5 mark. However, the price struggles to rise above the $12.5 mark as the sellers attempt to undermine the bullish recovery. The crucial Exponential Moving Averages (50,100, and 200) show a bearish alignment in the daily chart with the 50-day average providing dynamic resistance. The breakout of this average can lead to a price jump to the 200-day average at $17. The MACD indicator shows rising fast and slow lines after the bullish crossover in the negative territory. Moreover, the bullish trend in histograms showcases a rise in buying pressure. The RSI indicator shows the slope crossing above the 50% mark into the nearly overbought zone after the bullish crossover with the 14-day SMA. Hence, the indicator showcases growth of bullish interest in the WAVES token.  In a nutshell, the technical indicator showcases an increase in the buying pressure which continues to fuel the uptrend. Upcoming Trend The WAVES coin price shows the double bottom breakout near $8 that marks the potential trend reversal. However, the 0.236 Fibonacci retracement level at $14.5 acts as the first line of bearish defense. The crucial upcoming resistance levels are at $14.50 and $17 after the 50-day EMA. On the opposite end, the support levels are at $10 and $8.

The post WAVES Technical Analysis: Pattern Breakout Brings Bullish Reversal  appeared first on Cryptoknowmics-Crypto News and Media Platform.

Oasis, a protocol that aims to secure user privacy information, has seen volatile price action in the past month, rising and falling by 183% in just four days.

Dfinity’s internet computer blockchain welcomed its first decentralized exchange named Sonic as we can see more today in our latest blockchain news. The first decentralized exchange on Dfinity’s Internet Computer blockchain went live this week after a recent release on the new whitepaper. According to the information shared online, there are two other exchanges in […]

AstroSwap, a high-profile DEX, just launched on the Velas mainnet today, January 28th 2022. According to details of a recent press release, AstroSwap’s ASTRO will likely continue its exemplary performance of the past few months. Traders and ASTRO holders have already experienced, first hand, how fast prices can move, explaining the thrill ahead of the...

The post AstroSwap Launching on Velas Mainnet, why ASTRO will Crush BTC in 2022 appeared first on Live Bitcoin News.

Many projects have claimed to generate a market akin to being the next Bitcoin. AstroSwap is the one platform that ...

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The post Right Time to buy Cardano? Here’s The Target Levels ADA Price Might Hit This Weekend! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The crypto-space is correcting once again after a slight upswing for the past couple of days. While the other crypto assets are utilizing all their resources to reach out and sustain above their immediate resistance levels, ADA appears to be content by trading above $1. Bitcoin price had at least attempted to surpass $39,000, but …

Cardano (ADA) is a third-generation blockchain. What does that mean? In a nutshell, it builds on all the lessons learned from other coins to create a layered and distributed computing platform that places a special emphasis on security and engineering rigour. Cardano was officially launched in September 2017 under the so-called ‘Byron’ bootstrap phase. It […]

The post Cardano Deep Dive: Info you NEED about Cardano and ADA appeared first on Coin Bureau.