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An airdrop is an unsolicited distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses. Airdrops are often associated with the launch of a new cryptocurrency or a DeFi protocol, primarily as a way of gaining attention and new followers, resulting in a larger user base and a wider disbursement of coins. [1]
The price of the meme coin spiked following Milei's promotion but then suffered a severe price drop, leading to allegations of a rug pull scam and $250 million in losses for investors. [1] This scandal has been dubbed Cryptogate. [2] [3] [4] The Economist called it the "first big scandal" of Milei's presidency. [5]
He added, "Now anyone in world can essentially deposit money into bank account of President of USA with a couple clicks." [22] [19] Brendan Fischer, the deputy executive director at Documented, an investigative news outlet, said, "The timing of this launch cannot be a coincidence. It comes just after Trump’s campaign ended, and just before he ...
President Joe Biden on Friday announced that the U.S. will begin airdropping sorely needed humanitarian assistance into Gaza amid the ongoing Israel-Hamas war. Here's what you need to know: WHEN ...
A pig butchering scam (in Chinese sha zhu pan [116] or shazhupan, [117] (Chinese: 杀猪盘), translated as killing pig game) [115] is a type of long-term scam, which usually but not always combines the various forms of romance scams and investment frauds, in which the victim is gradually lured into making increasing contributions, usually in ...
MobileCoin claims to focus on transactional anonymity (fungibility), ease of use, transaction speed, low environmental impact and low fees. [18]MobileCoin's mechanics build on Stellar (for consensus) and Monero (for privacy), using CryptoNote alongside zero-knowledge proofs to hide details of users' transactions.
Bitconnect was released in 2016 to allow users to lend the value of Bitconnect Coin in return for interest payments. The marquee program was the so-called lending platform where users traded Bitcoin for Bitconnect Coin and could lock in the instantaneous value of the coin for a set period of time while earning interest calculated daily.
JPM Coin is a dollar-backed cryptocurrency from the bank JP Morgan Chase, announced in February 2019 as an institution-to-institution service. [1] [2] [3]JPM Coin is intended to serve as a value token on the Quorum consortium blockchain, using software (called "Quorum") also built by JPMorgan Chase, and is used to facilitate interbank payments on the Interbank Information Network (IIN).