The upcoming menace in decentralized finance (DeFi) is Soft rug. The malicious maneuver in the crypto industry, known as rug pull. The Defiant reported on another claimed soft rug involving Swipe. The many known scams that have tortured the decentralized finance (DeFi) and exploit for some time along with another
DogeCoin seems to be losing interest amongst many of its backers, after being the darling crypto of 2021. The crypto outperformed bitcoin this year and reached an all time high. The growth was fuelled by social media posts by Elon Musk and a community of redditors. The crypto has gained
AscendEX, formerly BitMax, a global cryptocurrency financial platform with a comprehensive product suite, is excited to announce the launch of the Hummingbot Liquidity Mining Portal. AscendEX users will be able to access tools and upside that were previously only available to a small circle of sophisticated market makers. In celebration
Hong Kong online brokerage Futu halts their crypto services for futures contract-based trading. It is due to some regulatory concerns which were raised recently. Futu Halts Futures Trading Futu securities is recognized as Asia’s top-ranked online broker, providing one-stop online investing services & experience. The customer support of Futu securities
The Mobility Open Blockchain Initiative (Mobi) which comprises more than hundreds of companies and the world’s greatest automobile makers altogether is set to solve a variety of issues in the automotive industry. This altogether would be based purely on blockchain technology. It is all set to measure the carbon dioxide
A group of crypto users has raised a complaint against Coinbase. Coinbase has frozen its user’s accounts. The group demands $5 million as a settlement for damages. Six Coinbase users have accused the company of freezing their accounts without a valid reason for months. The group has also demanded $5
The case filed against YouTube last year regarding the Bitcoin scam by former Apple co-founder, Steve Wozniak is now discharged. Court now asks Steve Wozniak to amend his complaint to proceed further on the case. History of Bitcoin Scam case On July 22, last year the co-founder of Apple, Steve
ProtonMail, the highly secured mail platform refuses to sell off its Bitcoins amidst the complete market slump. Bitcoin (BTC) reached the price of about $30,000 just 2 days back. Among this complete fuzz and buzz in the market, many sold off their crypto holdings. Along with BTC, all other altcoins
Coinbase is in the process of acquiring Osprey Funds. The talks are at a high level and informal at this stage. Coinbase is the custodian for Osprey’s fund. The online secure cryptocurrency exchange platform Coinbase is in the process of acquiring asset management firm Osprey Funds, citing two people with
Being the second-largest American bank, the Bank of America has incorporated explicit use of blockchain technology for its services. They have made a pact with one of the top regulated blockchain infrastructure platforms, the Paxos. Bank of America’s operations through Blockchain The news came out officially only on Monday through
