Category: Meltem Demirors

Chainlink [LINK] Pumps on Reverse Psychology? Over $50 Million in Shorts Liquidated

Chainlink [LINK] Pumps on Reverse Psychology? Over $50 Million in Shorts Liquidated

On 15th July, Zeus Capital LLC, published a research report titled, ‘The Chainlink Fraud Exposed.’ The allegations against SmartContract, the developer of the protocol includes illegal security offering, centralized governance and control, fake marketing, bogus partnership announcement and what not.  Logic would demand a steep fall in prices after such a revelation. However, after running […]

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Is Unequal Distribution of DeFi Tokens Threatening to its Security?

Is Unequal Distribution of DeFi Tokens Threatening to its Security?

The essential component of cryptocurrency or DeFi, especially, is non-custodial management and security of value. However, while decentralized governance systems are in place, the reality of the degree of control in DeFi is far from it.  In an analysis of yearn.finance (YFI) governance and decentralization, Hasu (alias), market researcher of Deribit Exchange notes that, … […]

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