Innovation is endless in the crypto space. We've seen how play-to-earn has transformed the world of gaming, while move-to-earn rewards enthusiasts for staying active. And now, an exchange is exploring a whole new category: wear-to-earn. Tidex's new collection consists of 10,000 NFT T-shirts — each with unique features. While these garments are primarily virtual, lucky owners can also order a T-shirt that can be worn in the real world. Not only are they made of the highest quality, but 10 "super cool prints" are available — with deliveries available across the globe. As you can see, Tidex is capitalizing on …

Systems built on blockchain are enhanced by the security and efficiency afforded by distributed ledger technology. Transactions and events are immutably encrypted into successive blocks enabling perpetual validation thereafter. These are also inherently protected from tampering due to the distributed nature of the networks. So far, there have been several different ways that new systems are utilizing these advantages. For example, supply chains would naturally benefit from these features, given their clear transactional schema and due to their interconnected complexity. Blockchain technology even enables new disruptive forms of exchange in the form of cryptocurrencies, which ensures even further disruption of …

As on-chain activities slow down during the crypto winter, usage of cryptocurrency mixers has doubled in 2022, with addresses classified as “illicit” being the top contributor. Cryptocurrency mixers, also called “tumblers,” provide anonymity to transactions, making the sender or receiver of the transaction completely unidentified. While this has a valid use case for everyday users, hackers have used it to hide from authorities. In a report by analytics firm Chainalysis, data shows that the 30-day moving average of the total daily value received by crypto mixers reached a new all-time high of $51.8 million in April 2022. The amount is …

Cred Protocol, a decentralized credit scoring startup has unveiled the results of its first automated credit scoring system for users of decentralized finance (DeFi). Cred Protocol CEO Julian Gay outlined the results in a Twitter thread, which showed how Cred successfully utilized past transaction behavior on the Aave protocol to assess the creditworthiness of future borrowers based on on-chain behavior in the DeFi space. 1/ Over the last few months, we've been working to build one of the first credit scores for DeFi. Today, we're excited to share the results of our first credit score with the world! Read more …

Despite the decentralized finance (DeFi) market suffering a 74.6% market cap decline in Q2, user activity has remained relatively resilient, says CoinGecko. In a report published by the crypto data aggregator on Wednesday, CoinGecko reported that the overall DeFi market cap fell from $142 million to $36 million over the second quarter, due mainly to the collapse of Terra and its stablecoin TerraUSD Classic (USTC) in May. CoinGecko also noted a rise in DeFi exploits in the quarter contributed to the fall, including Inverse Finance and Rari, which suffered hacks of $1.2 million and $11 million, respectively: “These attacks have …

Crypto investors found cause for celebration on July 14 as the market experienced a positive trading session just one day after the Consumer Price Index (CPI) posted a June print of 9.1%, its highest level since 1981. The move higher in the market wasn’t entirely unexpected for seasoned traders who have become familiar with a one to two-day bounce in asset prices following the most recent CPI prints. These traders also know there’s nothing to get too excited about, as the bounces have typically been followed by more downside once people realize that the high inflation print is a negative …

Unlike bull markets where traders can basically throw a dart at a list of coins to pick one that will go up, bear markets require much more effort to find projects that could perform well over the long-run. One project that has continued to show signs of mainstream adoption despite the onset of a crypto winter is Polygon (MATIC), a layer-2 scaling solution for the Ethereum (ETH) network that is looking to build a sustainable Web3 infrastructure on the top smart contract platform. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.316 on June …

For most crypto investors, there is nothing more important than making a return on their investment. Thanks to the volatility, this can be done quickly or it can be a hugely difficult task. That's why crypto airdrops are an inexpensive way to make additional returns on your portfolio. After all, airdrop tokens are free and never hurt, right? Almost daily there are new crypto airdrops, with some easier to obtain than others. Not every airdrop is equally reliable. Crypto airdrops always seem very lucrative at first, but they can also cause problems. To make sure you can profit from crypto …

BNB Chain has launched a new platform, DappBay, to discover new Web3 projects. DappBay is equipped with a novel feature called Red Alarm, which assesses project risk levels in real-time and alerts users of potentially risky decentralized applications (DApps), according to a Thursday announcement. Red Alarm is a contract risk scanning tool offered by DappBay that helps users identify high-risk projects to protect their investments from rug pulls and scams. Users can check if a contract address has logical flaws or fraud risks by entering it into the Red Alarm feature. Gwendolyn Regina, an investment director at BNB Chain, said …

The principle of “same risk, same regulation” for crypto received further confirmation with the release Wednesday of new guidance on stablecoin arrangements (SAs). The guidance, issued by the Bank for International Settlements (BIS) Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities Commissions (IOSCO), applies the Principles for Financial Market Infrastructures (PFMI) for payment, clearing and settlement systems to systemically important SAs that transfer stablecoins. The document is intended for use by SA designers and operators and extends the PFMI standards to SAs without establishing new standards. It notes: “An SA may need to make changes to …

The high degree of penetration and adoption of crypto in Saudi Arabia makes it an important market for digital currencies, demonstrating the potential for expansion in the Middle East and North (MENA) region. According to a survey conducted by crypto exchange KuCoin, around 3 million Saudi Arabians (or 14% of the adult population aged 18 to 60) have become crypto investors who, as of May 2022, either currently own cryptocurrencies or have traded in the past six months. Another 17% of respondents are labeled crypto-curious and are likely to invest in cryptocurrencies in the next six months. As per the …

Bear markets often result in investors showing extreme fear in tools that measure the market’s sentiments. However, despite the uncertainties during a crypto winter, some prefer to focus on the opportunities that it can bring. Alex Tapscott, managing director at Ninepoint Digital Asset Group, told Cointelegraph that the bear market is a time to focus on building. Tapscott highlighted that it’s essential to look beyond the market’s prices and see the foundations that are being laid. Tapscott explained that: “Crypto winters are always the best time to drill down on these core concepts, do the work and build for the …