XRP20, a decentralized exchange (DEX) token, has been trading on Uniswap since August 22. Despite the general crypto market weakness, its price has been resilient. Today, the XRP20 team announced that 5% of the total token supply will be burned, reducing the total supply and creating greater scarcity. This burn event is in addition to […]
Sonik Coin is the latest meme coin sensation that is backed by a strong following in the crypto community. Its goal is to move early investors to profit at the speed of light, with a total supply of approximately 299.79 billion tokens. 50% of the tokens are dedicated to the presale, 40% for staking rewards, […]
A controversy has emerged this week surrounding Russian banks and Binance, one of the world’s largest cryptocurrency exchanges. According to the Wall Street Journal, Binance has continued to allow peer-to-peer trading involving the Russian banks in question. The implications of this news are yet to be seen, but it could have a significant impact on […]
Vauld, a Singapore-based cryptocurrency lending platform, has announced several changes, including the appointment of a new CEO. The bear market has had a significant impact on the company, leading to layoffs and the suspension of withdrawals and deposits. In July, Vauld filed for protection against creditors and the Singaporean magistrate has approved the company’s scheme […]
The U.S. Drug Enforcement Administration (DEA) was recently tricked by a crypto scammer, resulting in a loss of over $50,000 in USDT. The scammer used a technique known as address poisoning, which involves sending transactions of no value to a victim’s account from a similar address. The DEA had seized approximately $500,000 in Tether from […]
This week in DeFi saw developers behind Base and Optimism protocols join forces to create a revenue and governance sharing framework. Additionally, the $1.5 billion Multichain hack has seen some new evidence, and blockchain security provider Quantstamp has introduced a new DeFi tool to detect flash loan attack vulnerabilities in several protocols. Shiba Inu’s Ethereum […]
Binance, a crypto exchange, has removed two payment options from its peer-to-peer service after being criticized for using code words to represent sanctioned Russian banks. The payment options were listed on the exchange’s message board, which allows users to buy and sell cryptocurrency. The payment options were removed after Binance learned that account holders were […]
Num Finance, a stablecoin issuer focused on the Latin America market, has launched a new stablecoin pegged to the Colombian Peso. The new stablecoin is dubbed nCOP and will be issued on the Polygon network, Num Finance’s blockchain partner, and is designed to bring the benefits of borderless transactions to the Colombian remittances market. Num […]
Aswath Damodaran, a professor of finance at Stern School of Business at New York University, has recently expressed skepticism regarding bitcoin’s potential and current status. He views it as a currency that nobody uses and a “collectible that doesn’t behave like a collectible.” He also opposed the theory that bitcoin could serve as a hedge […]
Jeremy Cahen, the founder of Not Larva Labs, has revealed Zachary Testa as the alleged founder of the PEPE meme coin. This news has caused a 19% drop in the coin’s price within the last 24 hours.The speculation was further fueled by the movement of 16 trillion tokens from a multi-sig wallet linked to the […]
