Tag: ponzi scheme

Loopscale's $5.8M Hack Proves DeFi is Just a Ponzi Scheme

Loopscale's $5.8M Hack Proves DeFi is Just a Ponzi Scheme

So, there you have it, another day, another DeFi platform goes kaput. This time it’s Loopscale, previously known as Bridgesplit – ring any bells? The new lending app, incubated by Solana Labs and Coinbase Ventures to disrupt the future of lending. All of this they are accomplishing with their new...

Further Reading

Solaxy's Solana Bridge: A Savior, Or Just Another Crypto Pipe Dream?

Solaxy's Solana Bridge: A Savior, Or Just Another Crypto Pipe Dream?

We know, let’s face it, the crypto space is saturated with "solutions" built on lofty promises. Solaxy’s Solana Layer 2 bridge, recently posted everywhere on crypto news sites, is the first to come get out with this song. They’re delivering improved transaction speeds, reduced transaction costs and interoperability connecting Solana...

Solaxy's $SOLX: Next Moonshot, Or Rug Pull?

Solaxy's $SOLX: Next Moonshot, Or Rug Pull?

Ah, meme coins. The digital Wild West in which fortunes are made and lost faster than you can say to the moon! And the newest challenger entering the ring? Solaxy's $SOLX. The presale numbers are indeed eye watering, almost $48 million already raised. Forty-eight million! And that’s enough to make...

Solana's $5B Bet: Genius Move or Risky Gamble?

Solana's $5B Bet: Genius Move or Risky Gamble?

DFDV’s $5 billion dollar foray into Solana ($SOL) is raising eyebrows, and not just in a positive way. It's a bold move, no doubt. Or perhaps a crypto industry stroke of genius that will push Solana further into the stratosphere. Or is it an irresponsible wager that might blow up...

Shibarium's Rollups: A Scalability Savior or Just Another Crypto Mirage?

Shibarium's Rollups: A Scalability Savior or Just Another Crypto Mirage?

Are rollups really the answer, or just the crypto world’s equivalent of constructing a high-speed train to nowhere? Shibarium’s recent foray into the RaaS (Rollups-as-a-Service) competitive landscape with “Shib Rollups,” facilitated by the “Shib Alpha Layer,” has been making waves. They claim to have scalability, customizable gas fees, and the...

Shibarium's Rollups: Will Custom Blockchains Spark the Next NFT Revolution?

Shibarium's Rollups: Will Custom Blockchains Spark the Next NFT Revolution?

Now picture a world where those creative constraints—Ethereum’s gas fees—are a thing of the past. A world where artists aren't priced out of their own creations, and innovation isn't stifled by network congestion. Shibarium’s recently launched Rollups-as-a-Service (RaaS) platform is looking to begin an NFT revolution. This unique provision would...

Solaxy: Solana's Savior or Just Another Crypto Meme Coin?

Solaxy: Solana's Savior or Just Another Crypto Meme Coin?

Solana's network right now? It’s akin to trying to get a parking space at Disneyland on Christmas Day. Absolute chaos. Transactions failing left and right. It’s like you’re just tossing your SOL into the void and crossing your fingers that something comes back. But then, unexpectedly, here comes Solaxy ($SOLX)...

Is Ethereum About to Eat Bitcoin's Lunch? A Pragmatic Altcoin Season Guide

Is Ethereum About to Eat Bitcoin's Lunch? A Pragmatic Altcoin Season Guide

Bitcoin's recent breather around $107,000 shouldn't be viewed as a sign of doom, but rather as fertile ground for the next wave of crypto innovation. Think of it like this: Bitcoin is the established king, but Ethereum? Ethereum might be recreating that kingdom – a new one built on smart...

NFTs Are Dead? Think Again! 6 Crypto Ecosystems Sparking a Digital Renaissance

NFTs Are Dead? Think Again! 6 Crypto Ecosystems Sparking a Digital Renaissance

Forget the obituaries! The chorus of “NFTs are dead!” is, quite honestly, getting old. They're dead wrong. Yes, the hype cycle peaked. No, JPEGs aren’t worth more than my last avocado toast. To non-fungible tokens (NFTs), NFTs are already living proof that they’re not just a vehicle for speculation. Instead,...