On-Chain Experiment Or Rug Pull? Base Faces Backlash After Unofficial Memecoi...
Coinbase’s Layer-2 (L2) Network, Base, has faced intense backlash over rug-pull allegations after it promoted an unofficial memecoin that crashed by over 90%, sparking a debate about the future of memecoins and on-chain content. Related Reading: Aptos (APT) To Continue Moving In ‘No Man’s Land’ – Can It Reclaim $5? The Rise And Fall Of Base’s Unofficial Memecoin On Wednesday, Base’s official X account posted an image with the text “Base is for everyone.” Moments later, they shared a link to the on-chain social protocol Zora and the caption “Coined it,” sparking a speculative....
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Amid the market volatility, Bitcoin (BTC) has been unable to reclaim the $85,000-$86,000 zone despite its weekly performance. However, some analysts suggest that a breakout from the key resistance level might be around the corner. Related Reading: On-Chain Experiment Or Rug Pull? Base Faces Backlash After Unofficial Memecoin Crashes 90% Bitcoin To Resume Its Bullish Rally? Over the past week, Bitcoin has traded between the $83,000-$86,000 price range, recovering from the sub-$80,000 correction at the start of the month. Notably, the flagship crypto experienced significant volatility last....
Magnate Finance, a DeFi lending protocol on the Ethereum layer-2 network Base, is reported to have conducted a rug pull, robbing its users of $6.4 million worth of assets. This event represents the latest troubling incident on the Base network in merely a month of its official mainnet launch. Related Reading: BALD Deployer Moves Proceeds Of The Rug From Base To Ethereum 3 Rug Pulls, $16.7 Million Lost – Who’s Responsible? On Friday, August 25, blockchain security intelligence Peckshield confirmed Magnate Finance’s rug pull, stating that the project developers manipulated the....
An unofficial referendum pursued by the Venezuelan opposition leader Juan Guaidó took place over the weekend in Venezuela powered by a blockchain platform, while at the same time, parliamentary elections called by the president Nicolás Maduro also had its scenario in a widely criticized, qualified by many countries as a “fraud.” Venezuela’s Guaidó Orchestrated Parallel Referendum via Blockchain Platform According to Spanish media outlet ABC, over 6.5 million Venezuelans cast their votes via Voatz, a U.S. blockchain-powered platform used for....
The bitcoin exchange isn't receiving the regulatory approval it expected for its Lend product, citing a lack of clarity from the SEC.
The Internet’s detective, Coffeezilla, faces his most unbelievable adversary yet. SafeMoon’s story is so ridiculous that it defies all logic. In his “I Uncovered A Billion-Dollar Fraud” video, Coffeezilla and a group of researchers do their best to figure out exactly what happened in this curious case. Is SafeMoon a rug pull or is it […]