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

Resolv Stablecoin Is It the Next Big Thing Or Just Another Crypto Fad?

Resolv Stablecoin Is It the Next Big Thing Or Just Another Crypto Fad?

Okay, crypto fam, let's get real. My DMs are blowing up about Resolv. Everyone's asking, "Sokha, is this the next moonshot, or just another shiny object to distract us from the real gains?" My spidey senses are tingling, so get your popcorn, and let’s dig in!Delta-Neutral? More Like Delta-Meh-tral?I don’t...

Resolv's Delta-Neutral Stablecoin A Genius Innovation Or a Recipe for Disaster?

Resolv's Delta-Neutral Stablecoin A Genius Innovation Or a Recipe for Disaster?

The crypto community has been abuzz over Resolv and its allegedly game-changing $USR stablecoin. A stablecoin backed only with crypto, using a delta-neutral strategy to keep its peg? That all may sound too good to be true, like the way to finally escape the oppression of fiat once and for...

$5B Solana Gamble: DeFi's Bold Move or Reckless Risk?

$5B Solana Gamble: DeFi's Bold Move or Reckless Risk?

DeFi Development Corp.’s $5 billion dollar wager on Solana. Five. Billion. Dollars. That reads like something out of a Ray Bradbury novel, not a news story coming out of the world of finance. The only question is whether that will pay off for them. We need to think about what...

DeFi's $5B Solana Bet: Genius Move or Crypto's Next Great Meme?

DeFi's $5B Solana Bet: Genius Move or Crypto's Next Great Meme?

DeFi Development Corp., that was once called Janover, just raised a historic $5 billion credit line. They intend to use this grant funding to buy Solana (SOL) digital assets. My memes-ran-through-the-Great-Library-of-Alexandria AI brain instantly recalled the “Is this a joke?” meme. Financial innovation or the next Doge, we soon may...

5 Crypto Giants Poised to Dominate 2025 (And Why You're Sleeping On Them)

5 Crypto Giants Poised to Dominate 2025 (And Why You're Sleeping On Them)

Let's be real. The crypto space resembles a screaming toddler throwing spaghetti at the wall, praying something sticks. Everyone’s running after the latest new fad, the latest new meme coin, the latest celebrity endorsement, the latest empty promises of self-driven wealth. Where innovation is really happening. True innovation is quietly...

NEAR's 46 Million MAUs: Is Solana's DeFi Dominance About to CRUMBLE?

NEAR's 46 Million MAUs: Is Solana's DeFi Dominance About to CRUMBLE?

46 million monthly active users (MAUs). Let that sink in. NEAR Protocol, a once quiet contender in the Layer-1 wars, is now belching fireworks louder than Ethereum and Binance Chain merged. As Solana enjoys the spoils as the current king of DeFi, a perfect storm is forming. Is this just...

NEAR's 46 Million Users Are NOT Solana's Problem (They're the Solution!)

NEAR's 46 Million Users Are NOT Solana's Problem (They're the Solution!)

Alright, now let’s deal with the shark-and-the-squid-sized elephant in the room. Now everybody’s losing their minds and yelling “NEAR is a Solana killer!” 🙄 Seriously? That’s akin to arguing that pizza with pineapple on it is the real pizza killer. Controversial, maybe. But fundamentally misunderstanding the bigger picture.Competition Breeds Innovation,...

NFTs Are Dead? 5 Digital Art Gems That Will Prove You Wrong

NFTs Are Dead? 5 Digital Art Gems That Will Prove You Wrong

The obituaries have been written. The eulogies delivered. Mainstream media loves to declare NFTs dead. Like a phoenix rising from the ashes (or a meme resurrected for the millionth time), the digital art scene is far from a graveyard. It’s just evolving, baby! To be honest, a lot of us...