project

More Than $600K Vanishes From DeFi Project Blur Finance as Developers Disappear

The move is a textbook rug pull, a scam carried out by developers who launch a working decentralized finance (DeFi) application and carry out social media marketing to popularize it before issuing a token and listing it on a decentralized exchange (DEX). After investors have purchased the tokens in the hopes of a positive return, …

More Than $600K Vanishes From DeFi Project Blur Finance as Developers Disappear Read More »

Project launches curation ecosystem on Avalanche

With play-to-earn (P2E) gaming rising in 2021 through Axie Infinity (AXS) and an offshoot called move-to-earn (M2E) gaining fame through STEPN (GMT), another variation of the “to-earn” model launches in an attempt to bring Web3 elements to existing Web2 frameworks.  In an announcement, the CurateDAO team told Cointelegraph that they’ve launched a Pinterest-like database platform …

Project launches curation ecosystem on Avalanche Read More »

Korean Blockchain Project Klaytn Commits $20M to Asian Universities for Blockchain Research

Klaytn, introduced by messaging app Kakao’s blockchain arm Ground X, went live in 2019 and now has “millions of users in Korea,” it said. Its KLAY token has over $880 million market cap, CoinGecko data show, making it the 66th largest cryptocurrency. Its governing body at launch included electronics giant LG, with crypto exchange Binance …

Korean Blockchain Project Klaytn Commits $20M to Asian Universities for Blockchain Research Read More »

Dave Portnoy’s SafeMoon position is down 94%, claims he’s being sued by project

Barstool Sports founder Dave Portnoy has watched his investment in SafeMoon (SAFEMOON) crash by over 94%, proving to crypto enthusiasts that he is, in fact, capable of hodling during the bear market.  The stock trader and media personality took to Twitter Monday to lament his $40,000 investment in the meme coin, which has fallen to …

Dave Portnoy’s SafeMoon position is down 94%, claims he’s being sued by project Read More »

Polygon gains 83% in a month, but data show project has been losing traction

Polygon (MATIC) had a promising July, gaining an impressive 83% in 30 days. The smart contract platform uses layer-2 scaling and aims to become an essential Web3 infrastructure solution. However, investors question whether the recovery is sustainable, considering lackluster deposits and active addresses data. MATIC/USD on FTX. Source: TradingView According to Cointelegraph, Polygon rallied after …

Polygon gains 83% in a month, but data show project has been losing traction Read More »