DeFI News by Thebittimes.Com

Binance co-founder Yi He has unveiled a new program, promising rewards of $10,000 to $5 million to those who can ‘verify that Binance team members are corrupt .’ In an X thread on Feb. 5, He said Binance is encouraging “all reports involving currency listings and other corruption,” adding that insiders who could “verify that Binance team members are corrupt” will get a “security vulnerability bonus” ranging between $10,000 and $5 million. However, He did not provide details regarding the criteria for determining the reward amount. “It is much easier and more profitable than the rat warehouse.” Yi He You might also like: Binance comments on leak in its security system He’s announcement follows controversy surrounding the price of Ronin (RON) token, which experienced a 30% drop shortly after being listed on Binance, prompting speculation about potential insider information leaks within the exchange. As of p...

The teams for crypto exchange Bitget and Web3 protocol Floki blamed each other for allegedly misleading investors. The teams behind the Floki protocol and Bitget crypto exchange have accused each other of market manipulation after the protocol’s token, TokenFi (TOKEN), was listed and delisted by Bitget. This is according to an October 31 social media post from the Floki team and a blog post from Bitget.  The Floki team claimed that Bitget listed the token before it was launched, referring to the Bitget listing as a “fake token,” while Bitget claimed that the Floki team was “suspected of market manipulation by maliciously controlling the initial liquidity.” Bitget statement on TokenFi delisting. Source: Bitget. The Floki team said it submitted a proposal on October 18 to the Floki decentralized autonomous organization (DAO) to launch a staking program with a reward token that would “target a trillion-dollar industry with strong potential.” Meanwhile, the team was talking with centrali...

The community has been questioning Gemini for not listing Cardano [ ADA ], despite it being a top ten token. Rick McCracken, the Project Manager at DripDropz—a token delivery platform built on the Cardano blockchain—asked the founders of the exchange, Tyler and Cameron Winklevoss, their reason for not listing ADA , despite having the native tokens of other Proof of Stake protocols. Cardano Founder Charles Hoskinson replied back to the same and said that not listing the ADA token was “pretty tightly correlated with bankruptcy and risky behavior.” At this point, not listing ada is pretty tightly correlated with bankruptcy and risky behavior. Makes you think… https://t.co/VS4UI2sg9K — Charles Hoskinson (@IOHK_Charles) December 4, 2022 The macro state of affairs Companies from the crypto space are currently trying to find their feet and stand up post the FTX episode. Crypto exchange Gemini, on its part, is reportedly trying to recover ...

Shiba Inu’s (SHIB) Shibrium layer-2 is one of the most anticipated launches from the project. The network aims to lower transaction costs while increasing transaction speeds. Moreover, with the upgrade, SHIB will become an independent ecosystem rather than an ERC-20 token on Ethereum (ETH). As the Shiba Inu team revealed, BONE will play a central role in the upcoming layer 2. When released, Bone will be used as gas in the Shibarium network. Lately, Bone’s official Twitter handle has been teasing Shibarium’s launch quite a bit. This morning, the page posted a video of a volcano with the caption “bone before shibarium.” #Bone #BoneArmy #Shib #ShibArmy #Leash #Binance #Netherlands #China #earthquake #Saitarealty #Shiba #BoneShiba #Layer2 #Mainnet #Testnet #GasFee #Fee #Gas #Bitcoin #Ethereum $bone before # Shibarium 🔥🚀🌅🍖✊ pic.twitter.com/XwPcsGvT3q — BoneShibaSwap (@BoneShiba) December 1, 2022 A few da...