The Bandit Project – How to Earn Passive Income by Staking NFTs

The Bandit Project is a new DeFi protocol aiming to empower NFT holders with passive income opportunities. Moreover, the initiative allows users to own a part of the project and share the revenue with the developers by providing liquidity. It’s worth noting this project is still in its early development stages. Nevertheless, it is advancing relatively fast, with the public presale for its $BANDIT token just around the corner. The much-anticipated event will take place on August 11 at 11…

SolidProof Officially Verifies their Social Channels; Continues to Protect the Crypto Space with Audit and KYC

Solidproof, one of the crypto industry’s top auditors, has recently verified its social channels, including Twitter, YouTube, and Telegram. It is an important step in the German company’s development and mission to provide complete transparency. Meanwhile, Solidproof continues to audit the smart contracts of new projects and perform KYC verifications on their development teams. The company provides constant updates on all its audits on the official website. This way, it ensures crypto users have an accurate image of the projects…

Integrity Coin – A Wealth-Generating Bridge between Crypto and Fiat

Integrity Coin is a hyper-deflationary token on BNB Chain aiming to reward its holders with BUSD reflections while bridging crypto and fiat. The crypto market has come under intense criticism over the years, partly because it fails to distribute wealth proportionally among its many users. Moreover, the increasing number of scams is a growing concern, convincing many potential investors to stay out of the industry. Lastly, the lack of utility of many crypto tokens makes them undesirable for fiat traders…

Celsius Users May Lose Their Funds Permanently, Says Economist

Even after the Celsius Network’s chapter 11 bankruptcy filing, the debacle surrounding its collapse continues to deepen. Frances Coppola, a well-known economist has asserted that the platform’s users are unlikely to recover their missing funds. Celsius a Shadow Bank? Earlier this month, the crypto lender collapsed amidst fraud allegations and liquidity problems that caused it to halt withdrawals. Later on, the network announced that it had applied for Chapter 11 bankruptcy in New York. At the time, the claim was…

MEGASET – A Next-Gen Project Working to Simplify DeFi

There's no doubt that DeFi is one of the hottest trends in crypto right now. But what does the future hold for this burgeoning sector? A few key factors will play a role in shaping the future of DeFi.  First, there's the continued rise of crypto assets. As more and more people invest in crypto, the demand for DeFi products and services has the potential to grow.  Additionally, the increasing regulation of the crypto space will create more opportunities for…

How Smart Contract Audit and KYC Secures the DeFi Space

The decentralized finance (DeFi) space has developed substantially in the past three years. However, the threat of hacks and scams still looms large on the horizon, leading to FUD (fear, uncertainty, and doubt) in users and projects. Fortunately, smart contract audit and KYC services can tilt the balance towards a secure, more lucrative future for this sector. Auditing companies ensure that investors get behind real and feasible projects. Moreover, KYC standards guarantee the reliability of development teams and reduce malicious…

ChangeX – The App that Turns Traditional Bank Customers into DeFi Participants

ChangeX is an innovative app bridging the fiat and crypto worlds to create a hybrid system of CeFi and DeFi elements. Its goal is to make it easier for everyone to access the benefits of cryptocurrencies and traditional banking from a single, user-friendly mobile point. A team of industry veterans has been building the app since late 2021. Now, the project is reaching one of its biggest milestones - the DEX Liquidity Event for its native $CHANGE token, which will…

Solana Liquidity Protocol Hacked for $8.7 Million

Crema Finance – a concentrated liquidity market maker protocol on Solana – has frozen operations following an $8.7 million exploit. The hacker has since transferred the funds to another platform, but he and his gains are still being tracked. Manipulating the Data Crema published a Twitter thread on Sunday explaining the technicals of the situation. Saturday’s hack was possible by creating a fake ‘tick’ account – an account that stores price tick data in Crema. Crema's design allows an owner…

Cango Review – A Modern Aggregator for Easy Cross-Chain Swaps

Cango.fi is a user-driven protocol enabling cross-chain swaps of native tokens, stablecoins, and other cryptocurrencies across different networks. The project operates as a decentralized ‘super’ aggregator with low fees and an easy-to-use interface. DeFi project launches are few and far between during one of the worst bear markets in history. Nevertheless, ambitious new protocols continue their development with an outlook toward the future. One such project is Cango, one of the first aggregators in the cross-chain space. This review looks…

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