A rug pull is a type of scam that occurs in the cryptocurrency market, particularly within the Decentralised Finance (DeFi) sector. It involves developers abandoning a project and running away with investors’ funds, leaving the token value to plummet to zero. How Rug Pulls Happen in DeFi? Rug pulls typically occur when developers create a… Continue reading Understanding Rug Pulls in Cryptocurrency
Category: Security
What are Layer 1 Blockchains? A Comprehensive Overview of the Top Layer 1 Protocols
Blockchain technology has witnessed rapid development in recent years, leading to the emergence of various layer 1 blockchains. Layer 1 refers to the foundational layer of a blockchain network, responsible for consensus, transaction validation, and overall security. In this article, we will explore the concept of layer 1 blockchains and provide a concise overview of… Continue reading What are Layer 1 Blockchains? A Comprehensive Overview of the Top Layer 1 Protocols
10 Common Bitcoin Scams and How to Avoid Them
Bitcoin, as a leading cryptocurrency, is highly sought after. This popularity, however, also makes it a prime target for scammers. This article lists 10 common Bitcoin scams and provides practical tips on how to avoid falling into their traps. Conclusion Scammers are becoming increasingly sophisticated, but being aware of common Bitcoin scams can significantly reduce… Continue reading 10 Common Bitcoin Scams and How to Avoid Them
Fortify Your Crypto Assets: The Ultimate Guide to Securing Your Wallets
Securing Your Crypto – Hardware & Software Wallet Explained In the world of cryptocurrencies, securing your digital assets is of utmost importance. One crucial aspect of this is choosing the right crypto wallet. In this article, we will explore different types of wallets, including hot wallets and cold wallets, and provide detailed information on securing… Continue reading Fortify Your Crypto Assets: The Ultimate Guide to Securing Your Wallets
6 Tips to Avoid Crypto Scams
As the popularity of cryptocurrencies continues to rise, so does the risk of falling victim to crypto scams. The allure of substantial profits and the decentralised nature of digital currencies have attracted both legitimate investors and opportunistic fraudsters alike. It’s crucial for individuals entering the world of cryptocurrency to be aware of the potential dangers… Continue reading 6 Tips to Avoid Crypto Scams