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
Polywhale Finance exit scam worth over $1 million. The Polywhale Finance official Telegram group closed permanently. The treasury wallet had reduced to just 1.6 million. A leading yield farm on the Polygon network is Polywhale Finance. The developers of Polywhale Finance have abandoned the project in which appears to be
Rapper Raftaar Accepts Cryptocurrency for Performance Fee He thanked his manager for making the necessary arrangements. Raftaar did not reveal which cryptocurrency he will be paid in. Rapper Raftaar becomes the first Indian artist in accepting cryptocurrency for his performance fee for an upcoming performance in Canada. Moreover, Raftaar said,
Next-generation IDO launchpad Scaleswap (built on Ethereum layer 2, powered by Polygon) has announced major details about its much anticipated IDO. The IDO follows the heavily oversubscribed funding round, where Scaleswap raised USD 2.5 million from prominent VCs in the blockchain space. Scaleswap IDO Set for June 25 Scaleswap revealed
One of the world’s biggest Crypto Kiosk providers is Coin Cloud, which has been expanding vigorously over the past year. The company has partnered up with a lot of large realtors. Texas based grocery chain H-E-B has been a long term partner of the company. The company which is headquartered
Digital currency asset manager Grayscale initiates to add 13 more new tokens under the consideration of decentralized finance (DeFi). Grayscale, the world’s largest crypto- asset manager explores the investments introducing newly potential products. The firm seeks to create additional investment products which help them to fly forward in their professional
Mark Cuban invested in TITAN which crashed to near zero. He asks for DeFi and stablecoin regulation. Other Twitter users commented that “one should be careful when investing”. TITAN is owned by Iron Finance, it began bridging to Polygon’s chain on May 18 to benefit from Polygon’s performance and low
TITAN drops to near zero from Wednesday’s high. Whales started to sell TITAN tokens which flooded in excess coins in the market. As TITAN began to fall precipitously, so did the pegged value of IRON. The Iron Titanium token (TITAN), the share token of once-multibillion-dollar decentralized finance (DeFi) protocol, has
Bitcoin price somehow traced back slowly to its $40k stand amidst the recent market crash. Yet this was short-lived as the Bitcoin price fell drastically to $37k, a decrease of over $3k. This in reflex drowned down the entire market cap by $100 Billion in just a day. The Fall
XinFin (XDC) and Ethereum are two names that stand out as prominent in the circle of smart blockchain contracts. Both top the charts in the blockchain biome. But in recent times the majority of the crowd turns towards XinFin because its tops the chart On transaction with 2000TPS. This is
