Recently, scammers have started to launch Pump and dump groups on social media as a front to trick their victims into depositing crypto assets into fake exchanges. Pump and Dumps explained Pump and dumps are one of the oldest and most common fraudulent investment schemes within the cryptoeconomy. The initiators of these schemes launch social media channels, most commonly on Telegram...
There are many ways to bet on roulette online, but can you use cryptocurrencies? Join us as we explain all.
Three Arrows Capital (3AC) seems to have become the next victim of this year’s bear market, after defaulting on a 660 million USD loan. https://twitter.com/FatManTerra/status/1539974901464895490 More reports of degen gambling Reportedly, the 3AC fund was severely affected by the Terra/Luna meltdown in May. Via Twitter, Terra Researcher and serial whistleblower FatMan reports that 3AC’s problems kept getting worse when a leveraged long...
Wealth management has always been a thing for the rich with enough money to invest. It's one of the reasons the rich keep getting richer while the rest are barely getting by. But the disruptive effects of technology are getting to the financial sector. Independent wealth managers are leveraging technology to provide middle-income users and those who are not part...
Claims that the popular Bored Apes Yacht Club NFT collection contains hidden racist imagery have resurfaced. But what is really behind the allegations? How it started First suspicions that Yuga Labs’ Bored Apes may have racist undertones came up as early as November 2021, as the base character of the NFT collection is in fact an ape, which can also be...
The crypto markets have suffered another flash crash after the custodial service provider Celsius announced to put all withdrawals on hold. https://twitter.com/jonwu_/status/1536476104986267648 Insolvency worries grow On Monday, Celsius pushed an announcement via email, notifying account holders that they will be temporarily unable to withdraw, swap, or transfer assets held on the custodial staking and lending platform, citing “extreme market conditions”. This became...
Beanstalk has launched a last-ditch effort to recoup the 77 million USD lost in April’s flashloan exploit. Barn Raise kicks off with a 500% “interest rate” In the first hour of the Beanstalk Barn Raise, 5.5 million USD have been collected. The Beanstalk community is willing to pay a hefty price in order to rescue their algorithmic stablecoin protocol. As such,...
Anticipation rises as the Ethereum Foundation prepares for the most important network upgrade in web3 history. The Merge will happen in August, says Buterin Earlier this month, Ethereum co-founder Vitalik Buterin confirmed that the long-awaited transition to Proof of Stake will go down in August, while speaking at ETH Shanghai. If successful, The Merge will make the energy-intensive mining on the...
LUNA holders are discussing how to rescue the network after the token crashed to near-zero. How did it come to the Lunar Crash? At the centerpiece of the LUNA bubble was the lending protocol Anchor on the Terra blockchain. Anchor offered a stable APY of 20%, which attracted investors to deposit the algorithmic stablecoin, TerraUSD (UST), which is entirely backed by...
Bancor has released a major protocol upgrade that allows liquidity providers to receive instant, impermanent loss protection. What’s in store? Bancor v3 was initially announced in November 2021. With the upgrade now released, Bancor launched the Omnipool architecture, which places all of the liquidity for the protocol’s BNT utility token into a common pool, instead of spreading it out across multiple...
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