Month: August 2023

InQubeta finds support, QUBE can flip BTC, BNB, and XRP

InQubeta is popular in the crypto market and getting support for its fundamentals and growth potential. Industry experts predict InQubeta’s utility token, QUBE, to outgrow established coins like Bitcoin (BTC), Binance Coin (BNB), and XRP.  This article examines InQubeta’s features and why it is garnering market-wide support. InQubeta has market-wide support InQubeta is a crowdfunding platform for crypto artificial intelligence (AI) startups aiming to capture the attention and imagination of investors.  Its token presale has raised over $1.9 million, intending to create a mutually beneficial ecosystem where AI startups can raise funds…

Zero Transfer scammer steals $20M USDT, gets blacklisted by Tether

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A scammer using zero transfer phishing attack managed to steal $20 million worth of USDT stablecoin on Aug. 1, before getting blacklisted by the stablecoin issuer Tether. According to an update from on-chain analytic firm Peckshield, A zero transfer scammer grabbed 20 million USDT from the victim address 0x4071…9Cbc. The intended address that the victim planned to send money to was 0xa7B4BAC8f0f9692e56750aEFB5f6cB5516E90570, however, it was sent to a phishing Address: 0xa7Bf48749D2E4aA29e3209879956b9bAa9E90570. The zero transfer phishing scam. Source: Etherscan The victim’s wallet address first received 10 million USD from a Binance…

Curve Finance founder’s $100M debt could trigger a DeFi implosion: Report

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While Curve Finance is still weathering the aftermath of a recent $47-million hack, another issue concerning holders of the decentralized finance (DeFi) protocol’s token has surfaced on the internet, sparking theories on how a massive dump can potentially happen.  On Aug. 1, crypto research firm Delphi Digital published a Twitter thread detailing the loans taken by Curve Finance founder Michael Egorov that are backed by 47% of the circulating supply of Curve DAO (CRV). According to the research firm, Egorov has around $100 million in loans across various lending protocols…

Curve’s New Liquidity Pool Could Prevent Liquidation of CRV Token

“He [Erogov] borrowed FRAX using CRV as collateral on Fraxlend. However, because people are withdrawing FRAX from the pool, fearing bad debt in the event of CRV liquidation, the APY has significantly increased,” Ignas explained. “He now needs more FRAX deposited to that CRV/FRAX lending pool. That’s why the introduction of a new pool on Curve, equipped with CRV incentives.” Source

Laser Digital, Nomura’s Crypto Arm, Receives Operating License From Dubai’s VARA

CryptoX – Cryptocurrency Analysis and News Portal Laser Digital, the digital asset asset subsidiary of financial services giant Nomura, has received an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA), the final stage of the licensing process, the company said in a statement Tuesday. Original Source The post Laser Digital, Nomura’s Crypto Arm, Receives Operating License From Dubai’s VARA appeared first on CryptoX. CryptoX Portal

Dogecoin vs Bitcoin: Key Differences and Similarities

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What is Dogecoin? Dogecoin is an alternative coin — more commonly known as an Altcoin — that was established by co-founders Jackson Palmer and Billy Markus in 2013. It was initially created as a joke — based on the well-known “Doge” meme. Each coin has its own blockchain infrastructure and operating system. Dogecoin runs on the same blockchain infrastructure and uses similar proof-of-work operating systems — a mathematical security system used to verify transactions and approve task execution — as Litecoin and Ethereum, with small modifications. How is Dogecoin different…

Nigeria’s SEC warns against trading on Binance

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The Nigerian Securities and Exchange Commission (SEC) has warned local investors against using one of the world’s largest crypto exchanges, Binance. It refers to the previous circular issued against a fraudulent company illegally using the Binance brand. On July 28, the SEC issued a warning against investing with Binance. The agency insists that the platform doesn’t have a license to work in the country and that its operation is illegal. It also reminds the public about the high level of risk and potential total loss of investments: “Any member of…

New meme coin raises over $6.5 million and could dethrone Shiba Inu

DigiToads, a new meme coin project, has raised over $6.5 million in its ongoing presale, drawing the attention of investors and enthusiasts.  Its non-fungible token (NFT) staking platform and trading competitions set it apart from other meme coins. For this reason, investors can explore the project as they diversify their portfolios. Experts predict DigiToads’ gaming technology will likely continue supporting prices in 2023, even dethroning Shiba Inu (SHIB). DigiToads presale surpassing expectations DigiToads has raised over $6.5 million in its presale.  The platform is gaining traction as a potential rival to…