Analysis Crypto by Thebittimes.Com

As the crypto market faces a downturn, four standout tokens—Aelf, Golem, Algorand, and Flow—defy the trend with impressive gains. Aelf’s multi-chain tech, Golem’s decentralized computing, Algorand’s eco-friendly approach, and Flow’s consumer-focused blockchain are catching the attention of investors eager for resilience in a volatile market. Moreover, these projects are proving their strength with rising prices and steady momentum. Not only do they offer short-term opportunities, but they also promise long-term value. As a result, they stand out as key assets for savvy investors looking to navigate the crypto dip and seize emerging market shifts.   Biggest Crypto Gainers Today – Top List Aelf stands out with its strong 8.39% price surge in the last 24 hours, showing renewed investor confidence in its scalable and innovative blockchain technology. Meanwhile, Golem showcases consistent growth with a 47% annual increase, reflecting the ongoi...

The latest victim of a cryptocurrency hack has emerged as MyAlgo , an Algorand blockchain wallet. The cryptocurrency space has witnessed some of the largest cryptocurrency hacks in 2022. The year proved to be the biggest in terms of the number of hacks and the losses incurred. The recent attack on MyAlgo was identified by the team, and they sent out a warning to the users. The team also cautioned the users to withdraw all funds from the mnemonic wallet that was stored in MyAlgo. Also read: Crypto and SEC: Here’s How the SEC Brought its Crackdown Game in February 2023 IMPORTANT: ⚠️We strongly advise all users to withdraw any funds from Mnemonic wallets that were stored in MyAlgo . As we still don't know the root cause of recent hacks, we encourage everyone to take precautionary measures to protect their assets. Thank you for your understanding. — MyAlgo (@myalgo_) February 27, 2023 MyAlgo hasn’t been able to identify the root cause Th...

Smart contacts capable of handling complex computations, while ensuring a level of privacy are the future for enterprise adoption. Decentralized finance (DeFi) markets may have cooled down over the past year, but the technology powering these applications continues to advance. In particular, smart contract platforms that enable transactions to take place across DeFi applications are maturing to meet enterprise requirements.  While it’s notable that enterprises have previously shown interest in DeFi use cases, smart contract limitations have hampered adoption. A report published by Grayscale Research in March puts this in perspective, noting that “Despite handling millions of transactions per day, smart contract platforms in their current state would be incapable of handling even 10% of the worlds’ internet traffic.” This notion is particularly troublesome considering the market opportunity behind DeFi. For instance, Grayscale Research’s report mentions that DeFi and Metaverse applica...