DeFi rug pull surge reveals more complex crypto scam strategies

Bitcoin price has been flat for nearly a month but on-chain data shows a bullish surge in new participants joining the network. The price of Bitcoin (BTC) has remained relatively flat for September and the strong decline in altcoin and DeFi token prices seems to be making the situation worse for many investors. Despite this lack…

After over two years, CMC’s chief strategy officer Carylyne Chan is leaving the site. 2480 Total views 11 Total shares CoinMarketCap’s chief strategy officer and acting CEO Carylyne Chan is leaving the well-known crypto market data site — together with two of her colleagues, Jeremy Seow and Spencer Yang. Chan, who has worked at CMC since…

The United States Department of Energy (DOE) has awarded a grant worth $1.05 million to organizations working to commercialize a blockchain-based energy transaction platform.From energy management to energy exchangeThe news comes from an August 9 press release shared by energy company ComEd, one of the grant’s four reported recipient organizations. The others are the University…

The crypto exchange added that "all customer accounts and funds remain completely secure." 2477 Total views 14 Total shares Major U.S.-based cryptocurrency exchange Gemini has experienced two service disruptions today and is now reporting degraded performance in its mobile app, web interface, and application programming interface.According to an update on the Gemini status page, the…

Blockchain startups RepuX and JoyToken have reportedly pulled a joint initial coin offering (ICO) exit scam, according to an exposé by Hard Fork of The Next Web (TNW) on May 16.RepuX and JoyToken reportedly ran their ICO promotions during March and April of 2018, and are now walking away with $4.7 million and $3.3 million,…

Former SEC branch chief Lisa Braganca warned the public of the legal consequences of using the emojis. 126 Total views 5 Total shares Own this piece of history Collect this article as an NFTA judge from the United States District Court of the Southern District of New York ruled that emojis like the rocket ship,…

Russia may soon have a Blockchain-powered railway if Sergey Vinogradov gets his way. An advisor to Russian Railways, the country’s national rail operator, praised the rise of blockchain technology and hinted that it could be implemented as part of the country’s rail network.According to Vgudok, Sergey Vinogradov, the general director of the Scientific Research Institute…

The prestigious State Tretyakov Gallery in Moscow, Russia, is launching a blockchain-based art patronage scheme, Russian news agency TASS reports Nov. 15.The project, dubbed “My Tretyakov,” allows individuals or enterprises to make a private donation to contribute to the digitization of an item from the gallery’s collection, thereby become the artwork’s patron.The system, developed with…

Terra (LUNA) faces the prospects of hitting $100 in the coming weeks as it paints a classic bull pennant structure.In detail, bull pennants appear as the price trends inside a triangle pattern after a strong move upside. Many analysts see it as a sign of bullish continuation, i.e., they think the instrument would eventually break above…