The Complete Guide to Cryptocurrency-Related Rug Pulls and How to Spot Them

Decentralized Finance, or DeFi, refers to Peer-to-peer (P2P) financial instruments created on top of a blockchain system (most DeFi coins use the Ethereum blockchain network) that don’t rely on central intermediaries (Banks and other financial facilitators). According to Coingecko, the DeFi space will be worth more than $100 billion in 2021. The influx of money combined with lack of legal governance, risk management, and compliance has made DeFi space a popular target for gamblers and fraudsters. The ‘Zero-sum game’ nature of these transactions means someone must lose money in order for someone else to profit. Often people get caught to rug pulls and end up funneling lot of money to small group of insider traders. In this article we examine how exit scams are performed, as well as how a vigilant investor may track and investigate such behavior in the crypto space.

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What Are Non-Fungible Tokens (NFTs) and How to invest in them as Someone Living Outside the USA

The Non-Fungible Tokens (NFTs) market is developing at a rapid rate. NFTs can disrupt all sorts of industries, including gaming, gambling, and even the real estate industry. Some NFTs are already worth millions of dollars! Jack Dorsey, the CEO of Twitter, has said in a series of talks that NFTs will be bigger than Bitcoin. In fact, Jack Himself auctioned his first tweet in March 2021 for millions of dollars when he converted the proceeds to Bitcoin and donated them to charity. This article will explore what NFTs are and everything you need to know to get started with them.

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