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DYP Lists Across Coinbase and Huobi Ahead of Metaverse Platform Launch

Defi Yield Protocol (DYP) announced its listing across multiple leading exchanges including Coinbase, Huobi, and MEXC last month. It also recently provided details on its upcoming Metaverse platform, which will feature interactivity with Cats and Watches Society (CAWS) NFTs. Coinbase revealed the listing of DYP on June 21st, while trading started one day later. Next, MEXC announced it will start listing of DYP for the first time on July 19th. Huobi then added DYP to its platform on July 27th. …

LykaCoin – All-in-One Blockchain Ecosystem

LykaCoin is a multi-chain blockchain ecosystem similar to Polkadot and Avalanche but promising to be more competitive. Its goal is to add innovations, progressive views, and a different vision to the newly-built meta universe with the projects it will do and develop. Notably, it aims to attract them with zero gas fees and potentially unprecedented scalability. This LykaCoin review looks closer at one of the fastest developing blockchain projects in the industry. Read on to discover its features, tokenomics, and…

Get Top Notch Smart Contract Audit and KYC Services for your Crypto Project with Solidproof

Solidproof is one of the top auditors in the crypto industry with an increasing offer of smart contract auditing, KYC, and marketing services. The German company has developed quickly since its inception in 2021, building a vast portfolio of prestigious and successful clients. The DeFi space is a nourishing environment for crypto and decentralized finance projects. However, it is also a breeding ground for scammers, multi-million hacks, fraud, and money laundering. Protocols running on faulty codes risk exposure to cybercriminal…

How Does KYC Work in the DeFi Space?

Decentralized finance (DeFi) has the potential to reach mainstream adoption and empower people worldwide financially. However, without regulations and identity control, it can easily become a platform for scams, fraud, and money laundering. The paradox is that by introducing stricter control on who can access DeFi products, the industry loses its "decentralization" factor. After all, this is what set it apart from traditional centralized finance (CeFi) in the first place. This is where KYC (Know Your Customer) standards come in…

The Importance of Smart Contract Auditing

Smart contracts are the innovation that propelled blockchain technology to where it is today. This invention fulfills the agreement between all the parties in a deal without the need for intermediaries. As a result, it boosts the security and immutability of a blockchain network, allowing numerous and diverse applications to develop. Unfortunately, smart contracts are not flawless and could lead to million-dollar losses if hackers can exploit their tinniest loopholes. For example, some famous attacks on smart contract code glitches…

Volt Inu Set to Launch the Volted Dragons Sailors Club NFTs on the Market

Volt Inu has proudly announced that their Volted Dragons Sailors Club NFT collection is coming to the market. The upcoming mint will have several features, as the team explained.  The Volted Dragons Sailors Club NFT collection is crucial because it offers a new and unique experience for NFT investors. The collection has several features that will appeal to investors. The team mentioned the opportunity to buy into the mint during the first three rounds. Anticipating the Minting Rounds The Volted…

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…

NFT Rug Pulls – What Are They and How to Avoid Them?

A rug-and-pull is a typical fraudulent method of luring investors to a financial enterprise only to abandon the project and run away with the raised funds. This scam has become increasingly popular in crypto. And with the emergence of non-fungible tokens (NFTs), the risk of NFT rug pulls has become real. This article looks at what rug pulls work with NFTs and how to avoid them. What Are NFT Rug Pulls? An NFT rug pull happens when the developers of…

How Social Leaders on Shrimpy help Investors Maximize Profits from Crypto Trading

The emerging trend of social trading allows millions of investors to interact with their peers and learn from accomplished traders in the crypto market. Every market participant wants to become a profitable crypto trader and maximize earnings from the ongoing crypto boom. Unfortunately, navigating the highly volatile space while grasping the complex learning curve that involves fundamental/technical analysis can be rather daunting. Becoming successful in the crypto market requires time to develop a working strategy that empowers investors to execute…

Houston Texans Begins Accepting Bitcoin for Single-Game NFL Suites

The Houston Texans – a professional American football team – have entered into an exclusive partnership with the Houston-based cryptocurrency company, BitWallet. The partnership will allow the team to begin accepting crypto as payment for single-game NFL suites.  Effective immediately, BitWallet will act as an intermediary for crypto payments to the Texans. This allows digital assets to immediately be converted into U.S. dollars.  The first to purchase a suite using digital currency was EWR Digital, a digital marketing agency.  "We…

Mock Manchester Tokens Spike 3000% After Elon Musk Jokes About Buying Team

Some fake football tokens suddenly spiked on Wednesday after billionaire CEO Elon Musk announced in a tweet that he intends to buy Manchester United FC. However, when questioned on the authenticity of his announcement, the entrepreneur tagged it as a long-running joke. Musk Resucitates Defunct Coin With a Tweet On August 17, Tesla CEO Elon Musk made a tweet where he announced that he intended to purchase the soccer team Manchester United. Hours later, the MUFC token, a previously dead…

DYP Lists Across Coinbase and Huobi Ahead of Metaverse Platform Launch

Defi Yield Protocol (DYP) announced its listing across multiple leading exchanges including Coinbase, Huobi, and MEXC last month. It also recently provided details on its upcoming Metaverse platform, which will feature interactivity with Cats and Watches Society (CAWS) NFTs. Coinbase revealed the listing of DYP on June 21st, while trading started one day later. Next, MEXC announced it will start listing of DYP for the first time on July 19th. Huobi then added DYP to its platform on July 27th. …

LykaCoin – All-in-One Blockchain Ecosystem

LykaCoin is a multi-chain blockchain ecosystem similar to Polkadot and Avalanche but promising to be more competitive. Its goal is to add innovations, progressive views, and a different vision to the newly-built meta universe with the projects it will do and develop. Notably, it aims to attract them with zero gas fees and potentially unprecedented scalability. This LykaCoin review looks closer at one of the fastest developing blockchain projects in the industry. Read on to discover its features, tokenomics, and…

Real Yield: The Top DeFi Tokens for Generating Actual Revenue

This year’s brutal bear market has claimed a sizable batch of crypto startups and nascent coins. To weather the volatility, the long-term believers in decentralized finance (DeFi) are in search of one thing: “Real Yield.” The term has grown in popularity among those looking for hidden gems in the market for decentralized finance applications. More importantly, it marks an appetite for responsible crypto investment opportunities that can outlast a turbulent market cycle.  So what exactly is “real yield” in the…

Get Top Notch Smart Contract Audit and KYC Services for your Crypto Project with Solidproof

Solidproof is one of the top auditors in the crypto industry with an increasing offer of smart contract auditing, KYC, and marketing services. The German company has developed quickly since its inception in 2021, building a vast portfolio of prestigious and successful clients. The DeFi space is a nourishing environment for crypto and decentralized finance projects. However, it is also a breeding ground for scammers, multi-million hacks, fraud, and money laundering. Protocols running on faulty codes risk exposure to cybercriminal…

New Chinese Education Program Features e-CNY Smart Contracts

State-owned institution Bank of China has just rolled out an educational program that incorporates the nation’s digital Yuan and smart contracts. The Bank of China hopes the new feature could help mirror the possibility of using smart contracts in payments. The central bank's announcement emerged on Tuesday, August 16 via local news outlet Sohu.com. The Longquan Education and Training Program According to the report, the country's decision to leverage smart contract technology in the education sector is the latest in…

Celsius CEO Seized Control of Trading Operations Months Before Bankruptcy: Report

Celsius boss Alex Mashinsky may be largely responsible for many of the firm’s unprofitable trades leading up to its bankruptcy.  A new report from the Financial Times (FT) suggests that the CEO may have taken over trading operations back in January. He then took actions with company funds that overruled the decisions of other executives with multiple years of finance experience.  Mashinsky’s Massive Trades The latest info is according to multiple people familiar with the matter – though the information…

NFT Domains Platform Unstoppable Raises $65M Series A at $1B Valuation

Unstoppable Domains, the leading non-fungible token (NFT) domains platform, announced the closing of a $65 million Series A funding round at a valuation of $1 billion. The company said it will use the capital for developing new products and collaborations within the Web3.0 industry. It’s a big step for the platform, which saw prestigious investors joining this funding round. Among them were Pantera Capital, Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, and CoinGecko. Other big…

Crypto Lender Holdnaut Opts for Judicial Protection Amidst Troubles 

Earlier today, Singapore-based lending platform Holdnaut shared its plans to stay afloat during its ongoing liquidity crisis amidst the crypto winter. The company has filed an application for judicial management with the Singapore High Court. Liquidity Issues Holdnaut is yet another platform that felt the widespread impact of the Terra collapse. On-chain data and other reports indicate that the crypto lender may have owned USTC worth $150M at one point.  The company halted all operations, including deposits and withdrawals on…

Binance Jumps into NFT Ticketing After UEFA Champions League Fiasco

Binance is looking into solutions to the escalating fraud in the traditional ticketing system for sports events. To this end, it launched a series of NFT tickets in collaboration with the Italian football club S.S. Lazio. This partnership will allow fans to buy season tickets for the team’s home games in the form of non-fungible tokens (NFTs). Why the Traditional Ticketing System is Failing In May, the UEFA Champions League Final in Paris was marred by chaos when multiple fake…

KuCoin Crypto Exchange Debuts USDT-Dominated NFT ETF

KuCoin, one of the most popular crypto exchanges, has launched an exchange-traded fund (ETF) to increase liquidity for NFT collections like Bored Ape Yacht Club (BAYC). This new service should help investors access non-fungible tokens and boost the assets’ widespread availability. The Seychelles-based exchange partnered with NFT infrastructure provider Fracton Protocol to ensure the project’s feasibility. A USDT-Dominated ETF The KuCoin NFT ETF is using Tether (USDT) as the crypto reference for its trading operations, including five different funds. The…

Norwegian Miners Seek Cheaper Green Energy Beyond the Arctic Circle

According to a recent report, Kryptovault AS, a large-scale, Norway-based crypto mining company is set to relocate North of the Arctic circle. The company’s plans to switch base stem from surging electricity prices in Norway, a phenomenon that seems confined to the region. Norway a Mining Hub Over the past couple of years, Norway has evolved into one of Europe’s biggest mining hubs. In a recent study, analysis firm Arcane Research noted that Norway is responsible for about 1% of…

Celsius Debts Far More Than Earlier Reported, Nears $3B

According to a coin report from Sunday, crypto lending platform Celsius is in debt to the tune of $2.85 billion, contrary to its previous reports. The recent reveal could spell greater trouble for the bankrupt firm seeing as their chapter 11 filing had claimed a different figure. Contrasting Deficit Balances Celsius was one of several platforms that crumbled in the wake of the Terra crash. The company also felt the pressure from the ongoing crypto slump and filed for bankruptcy…

WMA: Bitcoin Tests $25,000, Ethereum Merge Gets Closer, and Altcoins Thrive

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,175 trillion. Bitcoin has increased by over 6% this week. Ethereum gained almost 17% over the past seven days. XRP is up by nearly 3% this past week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector increased the total value protocols (TVL) to around $44 billion. Crypto…

Tornado Cash DAO Goes Offline Following Blacklist

The DAO website for sanctioned crypto mixer Tornado Cash appears to no longer be operational. According to social media reports, this is also true for the platform’s Discord server. DAO Website Stops Going Through Earlier this week, the United States Treasury Department’s Office of Foreign Asset Control imposed a sanction on the Ethereum-based protocol. Since then, the platform has seen some of its resources become inaccessible. Additionally, various entities have begun distancing themselves from Tornado Cash’s services. Hence, the platform’s…

P2E Axie Infinity Cancels SLP Rewards On Classic Game Mode

Axie Infinity (AXS) has announced that its play-to-earn (P2E) platform will no longer offer token rewards on its classic game mode. The development team hopes its decision will help nudge users to its new game mode. Players will now have to use the newly launched Origin update to earn the game’s native currency, Smooth Love Potion (SLP). AXS to Balance SLP Economy Origin is the latest expansion in the Axie Infinity gaming ecosystem also known as Axie Battles v3. The…

Strike Announces ‘Visa Card’ Feature Letting Users Pay Anywhere With Bitcoin

The Bitcoin payments company Strike has partnered with Visa to integrate a ‘Visa card’ into its wallet app. This will allow Strike users to pay for goods and services in Bitcoin with any Visa-accepting merchant.  In a tweet on Thursday, Strike revealed its new Visa card, which it called the “Strike Card.” “You can now take Strike anywhere and earn rewards on everyday spending,” explained the company. The card rewards users with incentives for every purchase and charges no added…

Authorities Arrest Developer With Ties to Tornado Cash

Earlier this week, Netherlands’ financial watchdog the Fiscal Information and Investigation Service (FIOD) took a 29-year-old developer into custody. The FIOD carried out the arrest in Amsterdam due to suspicions of his involvement in money laundering operations using crypto mixer Tornado Cash. Tornado Cash Facilitating Crypto Crimes The arrest comes shortly after the US Department of Treasury announced sanctions against the privacy protocol. In a release, the Treasury cited Tornado Cash’s role in various crypto crimes since its inception in…

Brazilian Football Club Welcomes First Argentinean Crypto Signing Amid Economic Downturn

Harsh economic restrictions in Argentina have pushed the country’s football clubs towards cryptocurrencies. Recently, the first transfer of a football player via crypto instead of fiat occurred, marking a new era in football finances. Earlier this month, Sao Paulo Futebol Clube from Brazil paid $6-$8 million worth of USDC to Banfield’s Athletic Club for midfielder Giuliano Galoppo. The oscillating gap reflects the tempestuous value fluctuations between the US Dollar and the Argentinean Peso. The First Football Cryptocurrency Signing Galoppo's transfer…

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