TurtleDex, a decentralized Binance Smart Chain protocol, went through a rug pull. The protocol drained 9000 BNB, approximately $2.5 million. The owners immediately deleted TurtleDex’s telegram, the official website, and the Twitter page. A “rug pull” is a popular term in the DeFi space. In essence, the team behind the project pulls out the liquidity...Read More
Coinbase’s plans to go public, touted as one of the most significant events in the entire cryptocurrency industry, has been delayed until April, reads a recent Bloomberg report. Interestingly, this comes shortly after the company agreed to pay $6.5 million to the CFTC following an investigation regarding wash trading schemes. CryptoPotato reported in late 2020...Read More
On the flip side of growing bitcoin adoption, the digital asset is being used to elude taxes in Korea. The intensified effort of the country’s tax agency towards curbing the menace is yielding results, according to a recent report. Nothing is Hidden Under The Chain Last month, the Korean government finalized its decision to levy...Read More
Although Q1 2021 has a few more weeks left, it has already broken the record in terms of the most substantial inflows in cryptocurrency assets with over $4.2 billion, informed a report from CoinShares. Interestingly, Ethereum has skyrocketed in popularity among investors as it has garnered roughly 50% of the total flows in recent weeks....Read More
Just before its direct listing, Coinbase has agreed to a 6,5 million-dollar fine after the CFTC found that the exchange engaged in illegal wash trading practices. The CFTC found that Coinbase could be engaged in trading practices that provided misleading information to services like Coinmarketcap and the CME Bitcoin Real Time Index. This happened via...Read More
