Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
NFT Scam
Twitter Scammers Hack Zeneca’s Account to Push NFT Scam
Twitter scammers compromised the account of NFT influencer Zeneca on July 19. The hackers also compromised Zeneca’s Discord account. After hacking the accounts, the bad actors shared a link to a fake airdrop of the Zen Academy Founders Pass. Reportedly, the hackers tricked unwitting NFT collectors into connecting their wallets to a phishing site. One of the tweets read: Hey everyone wanted to do something special for the community so here I go! I would like to announce the official…
3 years ago
NFT Rug Pulls – What Are They and How to Avoid Them?
A rug-and-pull is a typical fraudulent method of luring investors to a financial enterprise only to abandon the project and run away with the raised funds. Unfortunately, this scam has become increasingly popular in crypto. And with the emergence of non-fungible tokens (NFTs), the risk of NFT rug pulls becomes real. This article examines how rug pulls work with NFTs and how to avoid them. What Are NFT Rug Pulls? An NFT rug pull happens when the developers of an…
3 years ago