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Crypto Investment Giant Pantera Eyes This New DeFi Project

Major crypto investment firm Pantera Capital unveils that it is expanding its decentralized finance (DeFi) portfolio. The firm is backing Risk Harbor, a risk management marketplace for DeFi that was founded this year. It utilizes an automated, transparent and impartial claims process to protect liquidity providers and stakers against smart contract hacks and attacks.  In […]

The post Crypto Investment Giant Pantera Eyes This New DeFi Project appeared first on The Daily Hodl.

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Major crypto investment firm Pantera Capital unveils that it is expanding its decentralized finance (DeFi) portfolio.

The firm is backing Risk Harbor, a risk management marketplace for DeFi that was founded this year. It utilizes an automated, transparent and impartial claims process to protect liquidity providers and stakers against smart contract hacks and attacks. 

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In a new article, Pantera’s Tina Chen discusses DeFi’s explosive growth and what that means for the role of insurance in the nascent crypto sector. 

“Roughly $50 billion worth of assets are locked up in decentralized finance (DeFi), a fourfold increase since the start of this year. These deposits are mostly uninsured…

The good news is DeFi projects are experiencing explosive growth, and that growth shows no signs of slowing down. Bad news? This rise in hacks is likely to accelerate as DeFi continues to grow, further exposing liquidity providers and stakers to acute risks of loss.”

In 2020, $129 million worth of crypto assets were lost to DeFi hacks and attacks, according to CipherTrace.com. In the first five months of this year, the blockchain analytics firm highlights that DeFi hacks have already surpassed last year’s figures, amounting to $156 million in stolen funds. 

“The hacks in the last year have made clear that, as the DeFi ecosystem grows and becomes more complex, malicious attacks are unfortunately inevitable. This creates a widespread need for risk management products that protect against hacks and attacks and mitigate the risks and losses they bring about.

We believe strong risk management solutions will be critical for mainstream DeFi adoption, helping retail investors and institutions to feel safer putting their capital to work.”

On Thursday, Risk Harbor announced their mainnet launch, which was funded by a $3.25 million seed round co-led by Pantera and venture capital fund Framework Ventures alongside asset management firm Bain Capital Ventures, crypto venture capital giant Digital Currency Group, investment firm Coinbase Ventures, and blockchain venture capital Nima Capital.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Source: https://dailyhodl.com/2021/06/26/crypto-investment-giant-pantera-invests-in-this-new-defi-insurance-project/

Blockchain

Understand the different types of cryptocurrencies

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When Bitcoin first launched in 2009, it didn’t have much – or no – competition in the newly created space of digital currency. However, new types of cryptocurrencies began to emerge in 2011 when competitors took over the blockchain technology on which Bitcoin is based to launch their own platforms and currencies. Suddenly the race to create more cryptocurrencies began.
Today there are thousands of different types of cryptocurrencies, and while each of them offers a new property or function, most of them are based on principles similar to those that established Bitcoin:
• Cryptocurrencies are not issued, regulated or secured by a central authority such as a bank.
• They are created using a distributed ledger (blockchain) and peer-to-peer review.
• Bitcoin and other coins are encrypted (secured) using a special computer code called cryptography.
• As assets, cryptocurrencies are usually stored in digital wallets, usually in a blockchain wallet that allows users to manage and trade their coins.
As of September 2021, estimates of the different types of cryptocurrencies you can trade range from nearly 6,000 to over 10,000 coins with a total market cap of nearly $ 2 trillion.

What are the different types of cryptocurrencies?

The different types of cryptocurrencies generally fall into one of two categories:
• Coins, which can include Bitcoin and Altcoins (non-Bitcoin cryptocurrencies)
• Tokens, which are programmable assets that live within the blockchain of a particular platform.

Although many people use the terms crypto, coins, and tokens interchangeably, it is important to understand how they differ from each other in order to have a basic understanding of cryptocurrencies.

Crypto Coins vs. Tokens

Coins and tokens are considered forms of cryptocurrencies, but they offer different functions. Coins are based on their own blockchain and are intended as a form of currency. Ether (ETH), for example, is the cryptocurrency based on the Ethereum blockchain.
In general, any non-bitcoin blockchain-based cryptocurrency is referred to as an altcoin (more on this below).
Tokens are also based on an existing blockchain, but are not considered a currency, but rather a programmable asset that enables the creation and execution of unique smart contracts. These contracts can establish ownership of assets outside of the blockchain network. Tokens can represent units of value – including real-world items such as electricity, money, points, coins, digital assets, and more – and can be sent and received.
The BAT (Basic Attention Token), for example, is based on the Ethereum platform and is used in digital advertising.

What are altcoins?
The name “Altcoin” was originally an abbreviation for “Alternative for Bitcoins”, and most Altcoins were introduced to improve Bitcoin in some way. Some examples of altcoins are: Namecoin, Litecoin, Peercoin, Ethereum and USD Coin.
As with Bitcoin, some cryptocurrencies have a limited supply of coins, which increases demand and increases perceived value. For example, there is a fixed number of bitcoins that can be created – 21 million as determined by the creators of bitcoin.
Although most altcoins are built on the same framework as Bitcoin and share some of its characteristics, each of them offers something different to investors. Some altcoins use a different method for creating and validating transaction blocks. Some offer new features, such as B. smart contracts, or an advantage such as lower price volatility.
Token
Tokens are usually created and issued as part of an Initial Coin Offering (ICO), similar to a stock offering. They can be represented as:
• tokens (like bitcoins)

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Blockchain

Cryptocurrency: It Is Your Property

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Despite the initial scepticism against cryptocurrencies, given their unregulated nature, they were able to battle against the odds and emerge victoriously . It took several years for Bitcoin to claim its rightful place as an investment unit more than a mere medium of exchange. And now it is good to know that cryptocurrencies as intangible assets are associated with property rights.

Subject to ownership

Cryptocurrencies, like any other property, can be owned. You can obtain crypto coins either by mining or procurement through crypto exchanges such as the bitiq app.  Mining would require reliable software as much as hardware to be able to successfully secure new coins. On the other hand, you can always buy these coins less the hassle and the trouble of figuring out computer puzzles. Whichever way you prefer to gather coins, you can rest assured that these assets are all yours.

As an owner of these digital coins, you can exercise full management and control of your assets. No one has the right of dominion over your property unless you have given authorization for someone else to handle your account. Crypto trading platforms have developed ways to make sure that only you can access your account via the so-called two-factor authentication. Only you could cede the access code to another person by giving away the one-time pin.

Since properties can be subject to theft, you better make sure that yours is tucked away in a safe and secure place. Your crypto coins have to be stored in a cold wallet to ensure utmost security from hackers that may sweep them away. In case of theft, you can always report the incident to authorities. Feel free to notify the crypto exchange representative to take the necessary measures in securing your account.

Object of transfer

Crypto coins, as a property, can be transferred from one account to another. This is made possible by trading platforms that facilitate the real-time conveyance of this form of a digital asset. All it takes is to enter the destination account and the amount before hitting the button to be able to finalize the transaction. And, you will have to pay for the transaction cost, if any.

What is astonishing about cryptocurrencies is the ease of doing financial transactions. Most of them are developed in a way that would be convenient for users, such as those featuring impressive transaction-per-second ratings. Ethereum is among the ones associated with fast transaction processing, although Bitcoin is about to catch up with its latest upgrade. With efficient security functions, investors can expect that there would be no problem in transferring coins.

In the transfer of crypto coins, there is a   notorious error called double- spending. It is an attack carried out by scammers that trick the system into using the same coins multiple times. The reason behind this vulnerability is the fact that crypto coins can be easily replicated. Like money, it can be an object of counterfeiting, although there is always the serial number expected to save the day.

Susceptible of disposal

Anytime you intend to cash out your investment, you can always opt to sell your coins. The important thing is to observe the prices before doing so. It would help you assess whether it is the right time to withdraw your funds. You can always look at the historical data accessible in crypto exchanges to weigh your options and extend the holdover period for a little while.

There is no pressure in disposing of your property. Remember that the decision is yours to make upon careful evaluation of the situation. Should there be a sense of urgency, you can retrieve your money for a few gains. Besides, you can always wait for another buying season to start another round of investment when you have spare cash on hand.

The thing about using crypto trading platforms is that you need to abide by their rules and regulations. Some are imposing withdrawal limits at a given period, so you might want to know the details to avoid issues regarding this matter in the future. You can readily find the information on the website, or you can simply call a customer service representative for assistance.

Conclusion

Hopefully, you were able to learn about your property rights such as ownership, transfer and disposal when it comes to your cryptocurrencies.

Source: Plato Data Intelligence

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Blockchain

Understand the different types of cryptocurrencies

Published

on

When Bitcoin first launched in 2009, it didn’t have much – or no – competition in the newly created space of digital currency. However, new types of cryptocurrencies began to emerge in 2011 when competitors took over the blockchain technology on which Bitcoin is based to launch their own platforms and currencies. Suddenly the race to create more cryptocurrencies began.

Today there are thousands of different types of cryptocurrencies, and while each of them offers a new property or function, most of them are based on principles similar to those that established Bitcoin:
• Cryptocurrencies are not issued, regulated or secured by a central authority such as a bank.
• They are created using a distributed ledger (blockchain) and peer-to-peer review.
• Bitcoin and other coins are encrypted (secured) using a special computer code called cryptography.
• As assets, cryptocurrencies are usually stored in digital wallets, usually in a blockchain wallet that allows users to manage and trade their coins.
As of September 2021, estimates of the different types of cryptocurrencies you can trade range from nearly 6,000 to over 10,000 coins with a total market cap of nearly $ 2 trillion.

What are the different types of cryptocurrencies?
The different types of cryptocurrencies generally fall into one of two categories:
• Coins, which can include Bitcoin and Altcoins (non-Bitcoin cryptocurrencies)
• Tokens, which are programmable assets that live within the blockchain of a particular platform.
Although many people use the terms crypto, coins, and tokens interchangeably, it is important to understand how they differ from each other in order to have a basic understanding of cryptocurrencies.

Crypto Coins vs. Tokens
Coins and tokens are considered forms of cryptocurrencies, but they offer different functions. Coins are based on their own blockchain and are intended as a form of currency. Ether (ETH), for example, is the cryptocurrency based on the Ethereum blockchain.
In general, any non-bitcoin blockchain-based cryptocurrency is referred to as an altcoin (more on this below).
Tokens are also based on an existing blockchain, but are not considered a currency, but rather a programmable asset that enables the creation and execution of unique smart contracts. These contracts can establish ownership of assets outside of the blockchain network. Tokens can represent units of value – including real-world items such as electricity, money, points, coins, digital assets, and more – and can be sent and received.
The BAT (Basic Attention Token), for example, is based on the Ethereum platform and is used in digital advertising.

What are altcoins?
The name “Altcoin” was originally an abbreviation for “Alternative for Bitcoins”, and most Altcoins were introduced to improve Bitcoin in some way. Some examples of altcoins are: Namecoin, Litecoin, Peercoin, Ethereum and USD Coin.
As with Bitcoin, some cryptocurrencies have a limited supply of coins, which increases demand and increases perceived value. For example, there is a fixed number of bitcoins that can be created – 21 million as determined by the creators of bitcoin.
Although most altcoins are built on the same framework as Bitcoin and share some of its characteristics, each of them offers something different to investors. Some altcoins use a different method for creating and validating transaction blocks. Some offer new features, such as B. smart contracts, or an advantage such as lower price volatility.

Token
Tokens are usually created and issued as part of an Initial Coin Offering (ICO), similar to a stock offering. They can be represented as:
• tokens (like bitcoins)
• Security tokens (which are similar to stocks)
• Utility tokens (for specific purposes)
Like American dollars, tokens represent value but are not really valuable themselves, just as a paper dollar is not necessarily worth $ 1. But tokens can be used in transactions for other things.
A token differs from a coin in the way it is constructed within the blockchain of an existing coin such as Bitcoin or Ethereum.
The bottom line
While Bitcoin sparked the cryptocurrency madness a little over a decade ago, today there are thousands of different cryptocurrencies that investors are looking to up on bitcoin about

Source: Plato Data Intelligence

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Blockchain

FOMO Can Be Real, This Time with AMP

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If you were one of those apologists when it comes to missing out on the Bitcoin opportunity, you better not fall over the same misconception this time around with AMP. It would be better to start your investment early with the promising returns of the latest player in the crypto industry. Learn the many reasons why you cannot afford to miss out on this one.

Fear is there but get real

There is no denying that the crypto market can be risky. The environment is risky since the prices are not guaranteed by any financial institution. It will all depend on market behaviour, so you cannot claim a win unless you have realised actual gains. And this concept especially applies to newcomers in the playing field like AMP.

Despite the unpredictable nature of cryptocurrencies, you may want to take your chances on this one. Risks can be controlled with proper diversification strategies. You can start small and see where the prices are going. Feel free to maximise your investment returns by gradually increasing your capital from time to time. Still, you have to be mindful of the prices and costs in doing so.

Remember that you should buy when prices are low. You can always check out the price history for your guidance. This will minimise the costs of your purchase since you have got to pay for the transaction fees, too. It is for this reason that you have to be careful in making decisions when you engage in trading. Otherwise, you may end up cancelling your gains after all.

Missing out on the latest is no exciting feat

Perhaps it is worthy to note that experts have already given their two cents on the matter. A holdover period of five years would be enough to reap reasonable returns from AMP. Trend analysis of Cryptona experts’ predicts that the AMP coins will reach the price of $1 by 2025. It might be a bold prediction, but you cannot simply ignore what the numbers are saying.

By all means, you may want to go back from the time AMP was launched in September 2020. Prices have increased by 178% over six months this year which would tell you how much you could have earned in a short span of time. And you cannot afford to miss out on the chance of getting a share of the pie.

There is a good chance that the earning streak will continue toward the end of the year. It is expected to repeat the same milestones in the second half of 2021. For this reason alone, you should be able to test the waters to see for yourself. You would not want to go chasing the ship after it has already left the dock.

Out with the old, in with the new

So you might be hesitating to invest in a newcomer. That is a valid response to a newbie in the market, considering the lack of a track record. But you should know that this idea may not suit the narrative for AMP. While it is a new name, it is only an enhanced version of an old player that you might recognise in the name of Flexacoin.

Flexa coin was launched in 2018. It is a cryptocurrency described as a collateral token that would come in handy not only for typical investors but especially for merchants and corporate entities.  The idea of making collateral tokens has been useful in forging loan agreements. Yes, you can now use your crypto coins as collateral to guarantee payment of your obligations.

Now AMP is the enhanced version of the Flexa coin. That means you can anticipate better operations with the Flexa Network and Ethereum blockchain. Rest assured that transactions would be efficient, particularly in terms of confirmation time.

An opportunity just like Bitcoin

Although you can forget about those chances you have missed out on Bitcoin, you cannot go into the same path once again with AMP. You may want to seize the opportunity by investing this year to be able to receive gains early on. There is no need to wait until these coins are valued at $1.

With its 100-billion AMP ready for issuance, you can always get your fair share of these coins. It only implies that there would be enough for everyone to get a chance of earning more than 100% of their capital this year. That is, if the trend stays the same without major changes in market behaviour.

It would be a refreshing option for crypto investors amid the pandemic. As national economies struggle to stabilise the local flow of money, it might be high time to divert your investment into cryptocurrencies.  It is an independent market beyond the grip of government regulations.  This novelty introduced by Bitcoin is now shared by almost all players in the crypto industry.

Conclusion

The fear of missing out on opportunity can be real. It was real with Bitcoin, and it can be real with AMP. This is why you should make a decision as early as now. Be that as it may, you should be ready to handle risks along the way.

Source: Plato Data Intelligence

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