Polkadot Stands Out, Regulation, Bitcoin Down, Solana Up

If you’re a beginner investor, the markets are tough are the moment so the best you can do is manage your risk and keep track of what you’re doing.

Polkadot was one of the main cryptocurrencies to watch in 2021 after experiencing impressive growth throughout the year, and last week it launched its first set of parachains.

These parachains are Polkadot’s pioneering innovation — they connect different blockchains and allow them to exchange data, making the crypto sphere more volatile.

The first five to launch are called Acala, Astar, Moonbeam, Clover, and Parallel Finance.

Another positive story for the wake is the collaboration between ConsenSys and Mastercard to build ConsenSys Rollups, which will expand Ethereum to provide privacy capabilities via a private chain that will also work faster.

This could be a great environment for the launch of central bank digital currencies and decentralized exchanges.

The Ethereum-powered privacy startup Aztec raised $17 million in a funding round last week from investors that include Scalar Capital, A. Capital Ventures, and others.

Aztec’s primary aim is to allow users to access blockchains privately while also offering faster transactions and lower fees than Ethereum.

The company plans to use the funding to develop products, offer developer grants, and fuel legal research about the regulatory implications of private blockchain transactions.

Crypto regulation has been a huge topic this year, and the Bank of England has been one of the entities trying to research how cryptocurrencies could threaten existing financial institutions.

On the other side of the Atlantic, the US has expressed concerns about risks related to cryptocurrencies and stablecoins.

A Chainalysis report about cryptocurrency scams revealed that $2.8 billion worth of crypto was lost to one type of scam alone: rug pulls. While most cryptocurrency scams take the shape of either fake giveaways or tricks involving hacking, rug pulls take place when a legitimate project is launched and its tokens are sold, attracting attention from investors, but then everything disappears.

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