Trader fears $200m in Ethereum collected by a new crypto Ponzi could cause a “disaster”BTC $10,211 (-0.8%) • ETH $347 (-1.8%) • XRP $0.24 (-0.7%)
In 2019, one of the biggest narratives in the crypto market was the PlusToken pyramid scheme. For those unaware, PlusToken was a Bitcoin wallet pyramid scheme operating in Asia that managed to garner over $2 billion worth of deposits over the course of half a year. The scam’s operators attempted to obfuscate the funds they secured when the pyramid collapsed. But, it has been said by analysts and blockchain analytics firm that persistent selling of the coins likely caused the crypto market crash towards the end of 2019. Some, in fact, have said that PlusToken’s rise actually triggered Bitcoin’s and Ethereum’s 2019 rally. Unfortunately, another large crypto scam is on the scene. Analysts fear that its collapse could result in another correction in this nascent market. 📈 Trending … DeFi Tokens • Oracle Tokens • Biggest Gainers • Stablecoins More news ⏬The perks of centralization: Tether to return $1M USDT lost in Swerve
After a user mistakenly sent $1 million worth of USDT to Swerve’s token contract, Tether’s CTO Paolo Ardoino reached out to the community saying that the company would be able to recover the funds were ERC-20 USDT stuck in an Ethereum address. User who turned $200 in Ethereum into $250k due to altcoin bug comes clean
Last week, a coin attempting to leech off the success of Yearn.finance (YFI) launched. Top DeFi coins — Chainlink, Sushi, Band, and others — face severe drop
It’s been a tough past week for the crypto market, with coins from Bitcoin to the smallest altcoins plunging lower. Top Bitcoin analyst flips bullish after predicting the 20% retracement last week
Since peaking at local highs of $12,075 last week, Bitcoin has experienced a strong drawdown as depicted in the chart below. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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