Wednesday 1 February 2023
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Price analysis 7/29: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX

Bitcoin (BTC) hit a six-week high above $24,000 on July 29, extending its rally that picked up momentum after the United States Federal Reserve hiked rates by 75 basis points on July 27. If the rally sustains for the next two days, Bitcoin could be on target to close the month of July with gains of more than 20%, according to data from Coinglass. It is not only the crypto markets that have seen a post-Federal Open Market Committee (FOMC) rally. The U.S. equities markets are on track for big monthly gains in July. The S&P 500 and the Nasdaq Composite are up about 8.8% and 12% in July, on track to their best monthly gains since November 2020. Daily cryptocurrency market performance. Source: Coin360The crypto and equities markets have risen in the expectation that the pace of rate hikes by the Fed will slow down in the future. Arthur Hayes, ex-CEO of derivatives platform BitMEX, believes that the Fed will not increase rates further and may eventually return to an accommodative monetary po..

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Solana and Ethereum smart contract audits, explained

Smart contract audits involve scrutinizing the code of crypto projects — highlighting security vulnerabilities. Smart contracts are a crucial cog of the crypto ecosystem — and they've unlocked a plethora of use cases for blockchain technology. But for developers who are furiously writing code, safety needs to be a number one priority. Smart contract exploits can put user funds at risk, and we've all seen headlines of high-profile hacks where eye-watering sums of money were lost. An audit allows an independent organization to kick the tires of a smart contract, and detect vulnerabilities before they're spotted by malicious actors. This can help crypto projects to achieve credibility, all while giving users peace of mind. Audits are typically done before smart contracts are deployed, as they can be difficult to fix once uploaded to a network. Smart contracts are commonly found on blockchains including Ethereum and Solana. The best security firms will put c..

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