Everything web3, crypto, defi, degen
At the heart of every blockchain is a set of programmatic rules which define how a global network of participants validate transactions and maintain consensus regarding the state of the network. One of the most crucial components of these rules is the blockchain’s Sybil resistance mechanism, which protects the network against spam nodes, 51% attacks…
The crypto industry faced headwinds in recent months as May’s collapse of the Terra ecosystem took its toll. In June and July, major crypto lending platforms (including Celsius, BlockFi, Voyager and Vauld) took drastic measures in the wake of “extreme market conditions.” June’s leverage-related fallout for crypto lenders continued into July but did not extend…
After months of price declines across cryptoassets, July 2022 brought signs of recovery. All sectors saw positive monthly returns — gaining a minimum of 8% — led by DeFi (52%) and metaverse (35%). Prices of BTC (19%) and ETH (59%) increased after three months of negative returns. Uncertainty lingered in July following several months of…
Any sound money satisfies three important conditions: Preserves and stores value over time Serves as a widely accepted unit of account in a given market Functions as a practical medium of exchange for transfers of any size Bitcoin’s predictable, disinflationary supply growth rate continues to drive its utility as a store of value. As Bitcoin’s…
June 7, 2022 | Kraken Intelligence The non-fungible token (NFT) boom of 2021 not only brought mainstream attention to digital art investment, it also catalyzed increased development of the crypto metaverse. The metaverse — a previously esoteric term first used in the 1992 science fiction novel Snow Crash by Neal Stephenson — has emerged as…
March 3, 2022 | Kraken Intelligence Although crypto markets experienced high volatility throughout February, nearly all sectors closed the month with positive returns. Privacy coins and BTC led the recovery, while the DeFi sector posted losses for yet another month. Kraken Intelligence’s latest report, Moving Sideways, takes a closer look at how the crypto industry…
Earning passive rewards on your money in traditional finance is, well, not so rewarding these days. But, crypto offers participants a novel opportunity to receive rewards through a process known as staking. As participation in Proof-of-Stake networks grows and users continue to accumulate crypto rewards, few have stopped to consider the associated risks. Kraken Intelligence’s…
February 10, 2022 | Kraken Intelligence The past few years have seen crypto impact just about every industry in one way or another, but one innovation in particular is using blockchain technology to fundamentally disrupt how organizations are structured, codified and governed. In Kraken Intelligence’s latest deep dive, the team takes a closer look at…
February 7, 2022 | Kraken Intelligence 2021 was a year of rapid growth for the digital asset industry. January 2022 however, saw a broad market sell-off and underwhelming performance, with DeFi tokens ending the month down between -4% and -79%. Despite market weakness early this year, the NFT and GameFi industries have picked up momentum…
February 2, 2022 | Kraken Intelligence Cardano (ADA) initially rose to fame in 2017 as one of the more anticipated Initial Coin Offerings (ICO) of the year. Over time, the project persisted through a daunting crypto winter to earn its place among the top crypto assets by market capitalization. In Kraken Intelligence’s latest deep dive,…
