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PayPal Stablecoin Scammers Are Ripping Off Investors Left And Right - Here's How
Tuesday, August 8, 2023 - 9:19am | 552Fraudsters are exploiting the recent introduction of PayPal's (NASDAQ: PYPL) dollar-backed stablecoin. More than 66 imitation tokens had emerged on platforms including Ethereum (CRYPTO: ETH), BNB Chain (CRYPTO: BNB), and Base (CRYPTO: BASE), Coindesk reported citing DEXTools data. Ethereum, the...
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Ethereum Sidechain Gnosis Launches Revolutionary Crypto Payment Network And Visa-Linked Debit Card
Monday, July 17, 2023 - 8:55am | 510Blockchain network Gnosis, a sidechain to Ethereum (CRYPTO: ETH), has announced the launch of Gnosis Pay and Gnosis Card, marking a significant step towards integrating cryptocurrency with traditional payment systems. Gnosis Pay is the first decentralized payment network that allows web3 developers...
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Decentralized Finance On The Global Stage: France's AMF Advocates For Unified Rules
Monday, June 19, 2023 - 1:30pm | 529France's premier financial market authority, the Autorité des Marchés Financiers (AMF), has voiced its support for internationally harmonized regulations governing decentralized finance (DeFi). In a discussion paper, the AMF revealed its initial conclusions regarding the...
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EXCLUSIVE: Blockchain Could Be 'Particularly Beneficial' For Government Transparency, Says Tezos Co-Founder Arthur Breitman
Monday, June 19, 2023 - 11:18am | 523With governments and public institutions eyeing blockchain technology as a means to enhance transparency, accountability and efficiency, Arthur Breitman, co-founder of Tezos blockchain, has highlighted blockchain's potential in emerging markets, touched upon the unique capabilities of...
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Trading Bot Uses $200M Flash Loan To Conduct Deals, Ends Up With Paltry $3 Profit
Wednesday, June 14, 2023 - 1:12pm | 601An automated trading bot recently performed a complex series of transactions on the Ethereum (CRYPTO: ETH) blockchain. According to The Block, the transactions involved a flash loan of $200 million and yielded a minuscule net profit of $3.24. Flash loans are essentially loans without...
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Uniswap's V4 Sneak Peek: A New Chapter In Decentralized Exchanges With The Introduction Of 'Hooks'
Tuesday, June 13, 2023 - 4:36pm | 453Uniswap Labs (CRYPTO: UNI) has unveiled a sneak peek into the draft code of Uniswap V4, which brings to the table an innovative feature called “hooks” or plugins, which empower developers with the ability to design tailor-made liquidity pools. Renowned as the globe’s biggest...
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Unleashing The Dynamic Potential Of Non-Fungible Tokens (NFTs): Insights Into The Expanding Utility
Tuesday, May 30, 2023 - 4:10pm | 598As an entrepreneur who has been immersed in the world of Non-fungible tokens (NFTs), I am truly captivated by their transformative potential. These digital assets have become a catalyst for reshaping the way we perceive ownership, transparency, and commerce. In this article, I would like to...
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Ethereum Enters Uncharted Territory With Lockup Skyrocketing
Thursday, May 11, 2023 - 12:35pm | 234Ethereum (CRYPTO: ETH) has reached a fresh record, with 19,375,242 ETH now locked away, amounting to a total value locked (TVL) of $27.7 billion. This achievement comes despite recent minor withdrawals. It also has significant implications for Ethereum and its investors, particularly...
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DeFi A Grave Threat To US Security: Treasury Department Points To Two Huge Risks
Thursday, April 6, 2023 - 2:38pm | 489Decentralized finance (DeFi) services are increasingly becoming a national security concern in the U.S. due to their vulnerability to large-scale thefts and cyberattacks, according to the U.S. Department of the Treasury. A combination of factors, including the aggregation of funds, lack of...
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Smart Contracts: Taking Back Control Of Our Data And Privacy
Friday, March 24, 2023 - 1:04pm | 1286By Jessica Billingsley In a now infamous study, 543 college students unknowingly agreed to give away their firstborn children in exchange for access to a new app, highlighting that truly, no one reads the terms of service without clicking. It’s clear we need an alternative, but this has...
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US Banking Turmoil Is Good News For Crypto, But Short-Term Challenges Exist: Coinbase
Monday, March 20, 2023 - 10:37am | 386Coinbase (NASDAQ: COIN) has released a report stating that the recent turmoil in the U.S. banking industry has strengthened the medium to long-term outlook for the cryptocurrency market. According to David Duong, head of institutional research at Coinbase, cryptocurrencies have demonstrated...
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Four Founders Of Forsage Indicted For Running A $340M Ponzi Scheme
Thursday, February 23, 2023 - 6:06pm | 455A federal grand jury in the District of Oregon has charged four founders of Forsage, a purportedly decentralized finance (DeFi) cryptocurrency investment platform, with running Ponzi and pyramid scheme that raised approximately $340 million from victim investors. What Happened: The...
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20M Uniswap Members Say 'Yes' To Binance Move: What The 'Temperature Check' Means
Monday, January 23, 2023 - 12:51pm | 431A significant majority of UNI token holders, approximately 80%, voted in favor of moving Uniswap's V3 protocol to Binance's BNB (CRYPTO: BNB) Chain, according to a recent survey. Plasma Labs, the company that proposed the move, stated that 20 million tokens were cast in favor of the...
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NFT Photography: History, Growth & Future Capabilities
Tuesday, May 3, 2022 - 2:35pm | 1266By John Smith If someone said that a digital picture (in JPEG format) was sold for around 70 million dollars a few years back, would you believe them? Probably not! You will surely laugh! But ever since 2017, there has been a lot of hype in the NFT industry. NBA players sell collectibles, artists...
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The Current And Future State Of Crypto And Why Decentralized Finance Should be More Accessible
Tuesday, April 26, 2022 - 5:25pm | 939By Yubo Ruan, Founder of Parallel Finance. Cryptocurrency began in 2009 with Bitcoin (CRYPTO: BTC). In the first few years of its existence, user experience was a far cry from what it is today. Most people who had purchased Bitcoin typically possessed strong technical skills. The goal of...