As cryptocurrency markets continue their retreat, DeFi tokens are getting hit particularly hard and investors are growing wary of a rising trend of ‘rug pulls’. In essence, a rug pull is similar to a pump and dump. Tokens are artificially inflated by hype and spurious liquidity, only to be sold off or dumped at a
As the crypto market is at the edge of a euphoric phase, endorsements of blockchain projects seem to be back in trend. BitMEX CEO, Arthur Hayes, made the news with a Tweet of joining the DeFi bull run beginning with the yield farming of YFI (yearn.finance) token. This tweet took from him the markets on
Maker (MKR) became the latest cryptocurrency to soar on a Coinbase announcement after soaring over 500% in the past 24 hours, crossing the psychological resistance at $500. The Coinbase effect*, a phenomenon coined back in the 2017 bull market, is returning to the market giving an alt-season feel. However, tokens that have experienced the “Coinbase
What is cryptocurrency? It is a decentralized and distributed public ledger that is available to view for everyone. Chainlink [LINK], one of the best performing cryptocurrencies of 2019 has been alleged of “pump and dump” trading by Blockchain research firm AnChain. According to their report, a small number of addresses conducted vast volumes of trading.