Polkadot Stands Out, Regulation, Bitcoin Down, Solana Up

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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.

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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.

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

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

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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.

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

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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.

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

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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.

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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.

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

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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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Swipe Up To Read More about Polkadot Stands Out, Regulation, Bitcoin Down, Solana Up

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