Ethereum Devs debunk warning made by JPMorgan about the end of DeFi dominance
Ethereum developers and contributors claim that the network’s emphasis on security provides a solid foundation for future growth. Ethereum popularized decentralized finance, which has now grown into a $250 billion industry thanks to the network’s app developers. However, by 2022, its share of the pie may have shrunk. JPMorgan Chase’s investment bank has a team […]
Cryptocurrency scams: scammers took a record of $14B in 2021
According to fresh data from blockchain analytics firm Chainalysis, scammers amassed a record of $14B in cryptocurrency in 2021. Theft and scams drove a 79% increase in losses from crypto-related crime compared to the previous year. In 2021, the most common type of cryptocurrency-related crime was scumming, which was followed by theft, the majority of which […]
Liquidity providing platform Woo Network raises $12M from funding led by Binance Labs
Binance labs lead a $12M Series A funding round for Woo Network, a decentralized finance (DeFi) providing liquidity to platforms such as DYdX, Matcha, ParaSwap, 1inch, and Dodo. Woo Network, which was founded by Kronos Research, a leader in quantitative trading , has received a $12 million strategic investment in a Series A+ funding round […]
Crypto Street Restaurant Florida accepts all kinds of crypto assets for food payment
The Crypto-themed Restaurant boasts of menu dishes such as the Dogedog, Crypto Cuban, DeFi Caesar Salad, SHIBA Shrimp Cocktail and the Bitcoinana Split to name a few and accepts cryptocurrency for food payment. When the “Crypto Street Restaurant” opened this month, it had a big party for the public. The menu has a lot of […]
$3.2 Million ETH Stolen Via MetaDAO DeFi Protocol Rugpull
With millions being stolen in the DeFi scam series, $3.2 million in ETH was once again stolen via MetaDAO’s DeFi Protocol Rugpull. A series of DeFi hacks, scams, and rugpulls has continued as some industry developers decide to abandon ship after the market shows signs of correction. A total of $3.8 million in user funds was […]