Algorand-based decentralized finance (DeFi) protocol, Algofi, has announced winding down its operations. In a statement, Algofi cited a “confluence of events” as the reason behind its decision that has rendered it no longer viable to […]
The Portuguese soccer megastar Cristiano Ronaldo launched a new NFT collection called “Forever CR7: The GOAT.” The digital items are live on Binance NFT Marketplace and depict historic goalscoring moments from his career. Ronaldo’s memorable […]
A nonfungible token (NFT) collector shared the story of how a decentralized finance (DeFi) loan was collateralized through a luxury watch and was facilitated with an NFT representing the asset. On July 11, pseudonymous DeFi […]
Four major crypto drainers have emerged to fill the vacuum left by the notorious wallet sweeper Monkey Drainer, with thousands of victims targeted and millions in crypto stolen already this year. The crypto drainers — […]
Regulatory heat on the crypto industry intensified in the previous quarter. Facing the brunt are several sectors, including the DeFi and NFT, that demonstrated a troubling state. The blockchain gaming sector, on the other hand, […]
NFTs continue to attract not only more users but also capture the eyes of fraudulent entities. Web3 threat actors have set their sights on digital collectibles, with millions of funds being lost through different scams […]
The investigative work of independent blockchain sleuth ZachXBT has been cited in a class action lawsuit in Canada against Boneheads, an alleged $3.1 million nonfungible token rug pull. Tweeting on July 7, ZachXBT highlighted that […]
Via a July 6 announcement, decentralized social media protocol DeSo has issued a $1 million bounty for building a competitor to Reddit using its native blockchain. In supporting the decision, developers wrote: “Reddit recently sparked […]
A new Aave proposal took place to decide the fate of $3 million in the protocol’s treasury. The holders of the Aave tokens will be voting on a governance proposal on whether 1,600 Ether, worth […]
Nonfungible tokens (NFTs) have not recovered anywhere near the levels that crypto markets have. Even the largest collections in the industry, such as Yuga Labs’ Bored Ape Yacht Club, are heavily discounted. On July 3, […]
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