Cryptocurrency Analysis and News Portal
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.May was a month filled with exit scams in the DeFi world, with over $45 million lost to exit scams, while exploits on
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The amount of cryptocurrency lost to "rug pull" or "exit scams" — where founders suddenly up and leave with investors’ money — had outpaced the amount stolen from decentralized finance (DeFi) projects in May, a blockchain security firm has revealed.A June 1 report from Beosin said in May total losses
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Memecoins, or meme cryptocurrencies, started as a cultural phenomenon with the launch of Dogecoin (DOGE) in 2013, inspired by an internet meme and a critique of the wild crypto market at the time. Dogecoin was developed by software developers Billy Markus and Jackson Palmer as a joke to mock what many
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The 13th anniversary of the first bitcoin transaction has taken a nefarious turn with meme coin issuers profiting over $200,000 from pizza-related rug pulls. Original Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On Friday, May 12, Binance announced its departure from the Canadian markets. Posting on Twitter, the world’s largest exchange by client count, attributed its decision to Canada’s new stablecoin guidance and investor limits for crypto exchanges. A
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Swiss-based firm Aragon Association has abandoned plans to grant voting rights to native Aragon (ANT) token holders over various aspects of the organization’s operation, including its $200 million treasury. The latest development has significantly impacted the DAO-centric
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Following a calm week, there were more regulatory actions, especially in the United States. Meanwhile, more hacks and rug-pull spilled over from the previous week. The buzz surrounding meme coins, fueled by the success of PEPE, created an opening for malicious actors who sought to exploit investor enthusiasm. Crypto mining regulations On
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Crypto exchange KuCoin confirmed that the address allegedly responsible for launching thousands of memecoin scams belongs to one of its users. However, the exchange will not freeze the user’s assets without any official notice from law enforcement. On April 26, a Twitter user identified a wallet address that launched two to
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There are different segments in the market with different performance outlooks and while the payments ecosystem took a slight hit, the earnings in the banking sector have been mixed across the board. The ongoing American earning season has pulled the mainstream stock indices lower as investors digested performances that show a
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied There is a pin bar on the daily bitcoin (BTC) daily chart on a day when prices soared to reach new Q2 2023 highs of $31,000. Bitcoin pin bar forms in the daily chart Per bitcoin’s candlestick arrangement
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