DeFi: Top 10 List of Crypto Rug Pulls
Defi and Cryptocurrencies are two of the most significant fintech breakthroughs of the twenty-first century, and they have had a significant influence on the world’s financial sector and equally led to several crypto rug pulls. DeFi (Decentralized Finance) utilizes the blockchain technology in order to get access to financial services without being constrained in the […]
DeFi Banking Firm Scallop Gets Added By Global Council To Help In Payment Data Security
Scallop aims to further strengthen PCI security standards. DeFi banking corporation has been added by the traditional finance giants American Express, Discover, Visa, and Mastercard to its participating organizations, which will help improve payment data security around the world. Scallop, a regulated DeFi banking app, has joined the PCI Security Standards Council (PCI SSC), a […]
Stablecoins: A General Overview Of What They Are, How They Work, And How To Buy Them
Stablecoins are created to remove price fluctuation associated with other kinds of cryptocurrency. They provide crypto users with more benefits, in terms of less volatility. Stablecoins are kinds of cryptocurrencies whose values are pegged to the value of real assets like the US dollar. These coins were developed as a tool of response to the […]
Aave launches a decentralized Social Media platform on Polygon Network dubbed Lens Protocol
Decentralized finance (DeFi) platform Aave launches Lens Protocol, a decentralized social networking platform on Ethereum’s layer 2 scaling network Polygon. The open-source “Web3, smart contracts-based social graph” is based on an ecosystem of dynamic non-fungible tokens (NFTs) and is named after lens culinaris, a plant that has a symbiotic interaction with soil microorganisms. Users build […]
Polygon native stablecoin project Qi Dao faces exploit of about $13M on Superfluid vested contract
The Superfluid vesting contract on Polygon’s native stablecoin protocol, Qi Dao, was exploited, resulting in a 65% reduction in the price of the governance token Qi Dao (QI) dropped from $1.24 to $0.18. On Tuesday, Qi Dao acknowledged the Superfluid vesting contract exploits on Twitter but assured users that their assets were safe and that […]