The seasoned trader might see parallels to previous market movements where assets were trading sideways for weeks before breaking out.
Despite the sideways market, news came out that the Digital Currency Group, the parent company of Grayscale - the institution known for its Bitcoin ETF - was planning to invest $50 million into the Greyscale Ethereum Classic Trust. Unquestionably, throughout their Due Diligence process, they must have come across the fact that ETC has experienced three 51% attacks.
51% attacks are attacks on blockchain networks during which hackers take over more than 50% of the mining power. With more than half of the networks' computing power, they can manipulate transactions. This enables them to double-spend and steal high amounts of crypto.
Fortunately, many projects actively work on improving the security of blockchain networks and smart contracts. We listed one of them recently, Callisto Network, who have audited more than 320 projects and counting. You can read more about them on our blog.
Traders who worry about their privacy when sharing content online but unwilling to stop using social media altogether can benefit from Mask. The privacy bridge between Web 2.0 and Web 3.0 lets users encrypt tweets and share them only with specified recipients. The native MASK token is now live on our exchange.
MDX is the exchange token of one of the few decentralized exchanges built on the Huobi Exchange platform. The token is used to pay transactions and for governance. Trade MDX now with BTC and USDT pairs.
When staying home last year suddenly turned into a heroic act, Netflix and other streaming services turned into a significant source of entertainment. However, delivering video content can be expensive and inefficient.
Livepeer leverages a decentralized network to get video content to users fast and at a lower cost. The utility token LPT is now trading on our exchange with BTC and USDT pair.
AGIX is fuelling the SingularityNet platform. SingularityNet is a blockchain company based in the Netherlands and offering AI developers a platform to monetize and publish their AI algorithms.
Initially issued as an ERC20 token called AGI, the team recently conducted a swap to AGIX compatible with Cardano. AGIX is live on our platform with BTC pair.