Ethereum blockchain records lowest gas fees in 7months
Gas fees for Ethereum blockchain transactions have been dropping rapidly since the start of the year and have recently decreased to their lowest levels since August 2021. Despite the reduction, they are, however, not cheap. According to Coin Metrics data published by CryptoRank Platform, the seven-day moving average cost of an Ethereum transaction was $11.14 […]
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 […]
Another DeFi Hack: DEGO Finance loses over $10M to Attack
With the newest breach on Dego Finance, the incidence of DeFi assaults is becoming more concerning. On February 10, Dego Finance was hacked. Soon after, it partnered with well-known cryptocurrency exchanges including Binance, Kucoin, and Gate.io to close deposits for DEGO, its native governance and equity token. The protocol also advised Uniswap, Poloniex, PancakeSwap, WazirX, and other exchanges to follow suit in order to reduce losses. Dego Urges users to […]
DeFi (Decentralized Finance) explained
DeFi (short for “decentralized finance”) refers to financial services provided by public blockchains, most notably Ethereum. You can earn interest, borrow, lend, purchase insurance, trade derivatives, exchange assets, and more with DeFi, but it’s faster and doesn’t involve paperwork or a third party. DeFi is global, peer-to-peer (directly between two people, not through a centralized […]
Wonderland project shuts down due to recent scandal
Following the recent scandal last week involving the co-founder of Wonderland, the DeFi protocol has come to a final conclusion of shutting down. According to co-founder Daniele Sestagalli, the controversial decentralized finance proto col Wonderland has shut down. The Wonderland (TIME) token’s price has dropped by 10.43% in the last 24 hours. From its all-time […]