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WAVES Wipeout: $500M Lost in Rug-Pull

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Following its delisting from Binance, WAVES, a multi-purpose blockchain platform is gaining interest among traders. However, the sentiment is leaning towards mostly bearish, per market analysts. While Binance did not offer any explanations for removing the token, there have been accusations of fraud against its Ukrainian founder Alexander Ivanov [also known as Sasha Ivanov] since 2023.

Onchain sleuths accused Ivanov of orchestrating a scheme involving borrowing stablecoins like USDT and USDC against USDN [ a stablecoin collateralized by Waves] to artificially inflate the Waves coin price. This was accomplished by buying the token on exchanges, thereby pumping its price. The borrowed stablecoins were then sent to Vires Finance to purchase more stablecoins, offering attractive yields due to near-full utilization.

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WAVES Wipeout: $500M Lost in Rug-Pull 2

Soon, Waves coin plummeted by 93%, resulting in losses of $500 million for users in mid-June last year. However, the incident gained less media attention, which could have prompted Ivanov to continue pursuing his plan, and this time he went one step ahead. The founder proposed liquidating everyone shorting Waves and USDN on-chain forcing users to deposit more funds into the scheme or risk losing their assets.

WAVES Scandal Nightmare For FTX Creditors?

Although the proposal failed to pass, Ivanov injected liquidity into the scheme, leading to a temporary pump in Waves value. Additionally, changes were made to the governance structure, granting the team complete control over protocol changes. The most serious allegations against WAVES are that its founder embezzled $90 million from Alameda Research, a cause of concern for FTX creditors.

Overall, Ivanov’s actions highlight the risks associated with decentralized finance and the importance of thorough due diligence when participating in such platforms. The controversial founder responded to Binance’s delisting by saying that the platform is moving forward with new products and working on new governance protocols and DExs. He didn’t respond to the fraud allegations.

The end of an era. New dawn, new beginnings. WAVES is moving forward, launching new products, and working on new governance protocols. A new generation of DEXs will be able to onboard Web2 users to the Web3 world as well as CEXs, and I’ll try to participate in the process. We will, of course, collaborate with all centralized exchanges that want to work with us because blockchain is essentially about collaboration.

Ripple (XRP) to face multiple legal battles, Waves (WAVES) to unveil its Undepeggable stablecoin, while TMS Network (TMSN) is all set to give trading a futuristic upgrade

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The cryptocurrency market is witnessing a confluence of exciting events. Ripple (XRP) finds itself at the center of a legal storm as the SEC seeks to determine the nature of its XRP offerings. However, amidst this legal turbulence, Waves (WAVES) is blazing a trail with its innovative unpeggable stablecoin, poised to transform the stablecoin market.

In the meantime, TMS Network (TMSN) is on the cusp of revolutionizing the trading experience with its new, innovative platform, prioritizing security and efficiency. In this article, we will tour you through these breathtaking developments of the dynamic and ever-changing cryptocurrency landscape.

Ripple’s (XRP) legal troubles continue to mount

The cryptocurrency giant, Ripple (XRP), is facing multiple legal battles as the Securities and Exchange Commission (SEC) filed a lawsuit against the company in December 2020. The lawsuit alleges that Ripple (XRP) raised over $1.3 billion through the sale of unregistered securities in the form of XRP, violating securities laws. Additionally, SEC has filed another lawsuit against Ripple (XRP), which is similar to the one filed in December 2020. The legal battle has already had a significant impact on Ripple (XRP). Many exchanges and trading platforms have delisted Ripple (XRP) from their platforms. However, Ripple (XRP) is fighting back against the SEC’s allegations, arguing that XRP is a digital asset and not a security. With the addition of a new ally, lawyer John Deaton, who has filed an amicus brief to join the case, it remains to be seen how this will impact the outcome of the case.

As of now, Ripple (XRP) is trading at $0.3829, which represents a significant drop of 90.04% from its peak value of $3.84.

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Ripple (XRP) to face multiple legal battles, Waves (WAVES) to unveil its Undepeggable stablecoin, while TMS Network (TMSN) is all set to give trading a futuristic upgrade 5

Waves (WAVES) founder announces the launch of a Undepeggable stablecoin

Waves (WAVES) CEO, Sasha Ivanov, has announced the development of a new stablecoin amid the ongoing depreciation of Waves-backed stablecoin, Neutrino USD (USDN). Ivanov took to Twitter to confirm the development of the new stablecoin, which he claims will be “Undepeggable” and based on a hybrid between an algorithmic stablecoin, and the decentralized autonomous organization model. Waves (WAVES) CEO acknowledged the flaws of the USDN model, stating that it is not attuned to the current market conditions. However, Waves (WAVES) does not plan to abandon USDN. Additionally, Ivanov assured the public that stabilizing USDN remains a priority for the Waves (WAVES) team.

Despite the challenges faced by USDN, Waves (WAVES) remains confident in its vision for stablecoins. The company believes that over collateralization and adaptive algorithms can help create “un-depeggable assets,” which can provide stability and security to the cryptocurrency market. As of writing this article, Waves (WAVES) is trading at $2.40. Waves (WAVES) has witnessed a rise of 4.75% in the last 24 hours.

TMS Network (TMSN): a Game-Changer in the Trading World

TMS Network (TMSN) is a cutting-edge trading platform that utilizes blockchain technology to ensure secure and transparent trades in stocks, CFDs, cryptocurrency, and Forex. TMS Network’s (TMS) user-friendly and easy-to-use ecosystem is designed to cater to traders of all levels, from novice to professional.  TMS Network (TMSN) tends to eliminate the problems associated with centralized trading platforms, including slow transaction times, high fees, and a lack of transparency.

One of the unique features of  TMS Network (TMSN) is the commission revenue model that allows holders to earn a portion of the fees, generated from transactions on  TMS Network (TMSN). As the network becomes more active, TMS holders can potentially earn more.

What’s even more remarkable is that TMS Network (TMSN) offers a low minimum investment of just $0.0047, making it accessible to traders and investors who may have been previously excluded from such opportunities.

  Join the TMS Network revolution today and witness a new world of possibilities in the future of trading.

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Ripple (XRP) to face multiple legal battles, Waves (WAVES) to unveil its Undepeggable stablecoin, while TMS Network (TMSN) is all set to give trading a futuristic upgrade 6

  Conclusion

Despite the stringent laws of regulatory bodies, blockchain projects like Ripple (XRP) and Waves (WAVES) continue to see exponential growth. Similarly, new platforms like TMS Network (TMSN) are set to explode in popularity as it becomes the pinnacle of innovation in the financial trading and investment landscape.

Presale: https://presale.tmsnetwork.io

Website: https://tmsnetwork.io

Telegram: https://t.me/tmsnetwork

  Twitter: https://twitter.com/tmsnetworkio

Kitsoonay (KITS), Bitcoin (BTC), and Waves (WAVES) Could Provide You with the Gains That You Crave!

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Cryptocurrencies have been all over the news lately, with Bitcoin (BTC) prices reaching new heights and then crashing down. While some people are cautious about investing in cryptocurrencies, others see great potential in them. In this blog post, we’ll take a look at three different currencies: Kitsoonay (KITS), Bitcoin (BTC), and Waves (WAVES). We’ll explore what each currency is used for and how it works, and we’ll also discuss the pros and cons of investing in each one. By the end of this post, you should better understand how these currencies work and whether or not they might be right for you.

Screenshot 20220908 043746 01 1
Kitsoonay (KITS), Bitcoin (BTC), and Waves (WAVES) Could Provide You with the Gains That You Crave! 9

Kitsoonay (KITS) Is A Great Meme Coin!

Kitsoonay (KITS) is a meme coin launched on Binance Smart Chain (BSC). The project focuses on DeFi (decentralized finance), and the team has created a KITS token and DAO (decentralized autonomous organization) to help with this. The team is working on getting it listed on exchanges. The project has a lot of potential, and we believe it is a good investment. Kitsoonay (KITS) is still in its early stages, but I think it has much potential to grow. 

The team is actively working on development, and I believe they are committed to making the project successful. We believe Kitsoonay (KITS) is a good investment because the project has a lot of potential. If you are considering investing in Kitsoonay (KITS), we suggest doing your research and due diligence first.

Bitcoin (BTC) is “The Gold of The Crypto Market” with its Scarcity and Divisibility

Bitcoin (BTC) is a cryptocurrency that was created in 2009. Unlike traditional currencies, which central banks issue, Bitcoin is created and held electronically. Bitcoin is different from other currencies because it is decentralized, meaning it is not subject to government or financial institution control. The system that creates Bitcoin is known as Proof-of-Work, and it is ensured that there is a finite supply of Bitcoin in circulation, 21 million units to be precise. Furthermore, Proof-of-Work makes Bitcoin very difficult to counterfeit. Another unique feature of Bitcoin is its divisibility. Each Bitcoin can be divided into 100 million units, making it easy to transact small amounts of the currency. The combination of scarcity and divisibility makes Bitcoin an attractive investment for those looking for an alternative to traditional fiat currencies. If you want more insight into Bitcoin (BTC), you can always visit the article here.

Waves (WAVES) Is A Different Take on Web 3!

Waves (WAVES) is a decentralized platform that allows anyone to launch their own crypto token. Its purpose is to make it easy for businesses and individuals to create and issue their own blockchain-based assets. Waves also allows users to trade these assets on a decentralized exchange. The platform is built on top of the web3 protocol and can be used to develop decentralized applications (dapps). Waves tokens (WAVES) are used to pay transaction fees on the platform and can be staked to earn interest. 

Screenshot 20220908 043907 01 1
Kitsoonay (KITS), Bitcoin (BTC), and Waves (WAVES) Could Provide You with the Gains That You Crave! 10

Overall, Waves is a good investment for those who want to get involved in the world of cryptocurrency and blockchain technology. Waves is a good investment for those who want to get involved in the world of cryptocurrency and blockchain technology. For more information, here is an article.

Conclusion

KITS, BTC, and WAVES are all good investments. Over the next few years, each of these currencies will likely see significant value increases as they become more widely accepted. If you’re looking for a long-term investment that has the potential to provide serious returns, look into investing in any of these three currencies. With careful research and due diligence, you can decide which currency will be the best fit for your portfolio.

Presale: https://soon.kitsoonay.io/register 

Website: https://kitsoonay.io 

Telegram: https://t.me/KitsoonayOfficial 

Kitsoonay (KITS), Bitcoin (BTC), and Waves (WAVES) Could Provide You with the Gains That You Crave!

by

Cryptocurrencies have been all over the news lately, with Bitcoin (BTC) prices reaching new heights and then crashing down. While some people are cautious about investing in cryptocurrencies, others see great potential in them. In this blog post, we’ll take a look at three different currencies: Kitsoonay (KITS), Bitcoin (BTC), and Waves (WAVES). We’ll explore what each currency is used for and how it works, and we’ll also discuss the pros and cons of investing in each one. By the end of this post, you should better understand how these currencies work and whether or not they might be right for you.

Screenshot 20220908 043746 01
Kitsoonay (KITS), Bitcoin (BTC), and Waves (WAVES) Could Provide You with the Gains That You Crave! 13

Kitsoonay (KITS) Is A Great Meme Coin!

Kitsoonay (KITS) is a meme coin launched on Binance Smart Chain (BSC). The project focuses on DeFi (decentralized finance), and the team has created a KITS token and DAO (decentralized autonomous organization) to help with this. The team is working on getting it listed on exchanges. The project has a lot of potential, and we believe it is a good investment. Kitsoonay (KITS) is still in its early stages, but I think it has much potential to grow. 

The team is actively working on development, and I believe they are committed to making the project successful. We believe Kitsoonay (KITS) is a good investment because the project has a lot of potential. If you are considering investing in Kitsoonay (KITS), we suggest doing your research and due diligence first.

Bitcoin (BTC) is “The Gold of The Crypto Market” with its Scarcity and Divisibility

Bitcoin (BTC) is a cryptocurrency that was created in 2009. Unlike traditional currencies, which central banks issue, Bitcoin is created and held electronically. Bitcoin is different from other currencies because it is decentralized, meaning it is not subject to government or financial institution control. The system that creates Bitcoin is known as Proof-of-Work, and it is ensured that there is a finite supply of Bitcoin in circulation, 21 million units to be precise. Furthermore, Proof-of-Work makes Bitcoin very difficult to counterfeit. Another unique feature of Bitcoin is its divisibility. Each Bitcoin can be divided into 100 million units, making it easy to transact small amounts of the currency. The combination of scarcity and divisibility makes Bitcoin an attractive investment for those looking for an alternative to traditional fiat currencies. If you want more insight into Bitcoin (BTC), you can always visit the article here.

Waves (WAVES) Is A Different Take on Web 3!

Waves (WAVES) is a decentralized platform that allows anyone to launch their own crypto token. Its purpose is to make it easy for businesses and individuals to create and issue their own blockchain-based assets. Waves also allows users to trade these assets on a decentralized exchange. The platform is built on top of the web3 protocol and can be used to develop decentralized applications (dapps). Waves tokens (WAVES) are used to pay transaction fees on the platform and can be staked to earn interest. 

Screenshot 20220908 043907 01
Kitsoonay (KITS), Bitcoin (BTC), and Waves (WAVES) Could Provide You with the Gains That You Crave! 14

Overall, Waves is a good investment for those who want to get involved in the world of cryptocurrency and blockchain technology. Waves is a good investment for those who want to get involved in the world of cryptocurrency and blockchain technology. For more information, here is an article.

Conclusion

KITS, BTC, and WAVES are all good investments. Over the next few years, each of these currencies will likely see significant value increases as they become more widely accepted. If you’re looking for a long-term investment that has the potential to provide serious returns, look into investing in any of these three currencies. With careful research and due diligence, you can decide which currency will be the best fit for your portfolio.

Presale: https://soon.kitsoonay.io/register 

Website: https://kitsoonay.io 

Telegram: https://t.me/KitsoonayOfficial 

Upbit Urge Caution On Investment In Tron & Waves’ stablecoins

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South Korea’s largest crypto exchange Upbit warns of possible risks to TRON [TRX] and WAVES after the duo’s algorithmic stablecoins projects- USDD and USDN started de-pegging. The TRON’s USDD has headed towards its all-time low at $0.57.

WAVES’ Neutrino USD too followed suit to stand at 95 cents, at press time. In the notice issued, the trading platform stated,

There is a concern that the pegging of USDN and USDD is not going well. As a result, the possibility of price fluctuations of WAVES and TRON [TRX] associated with each of the above stable coins may increase, so please be careful about investing in WAVES and TRON [TRX].

Upbit, further said it will continue to monitor these algorithmic stable coins or related digital assets, and urged members to be aware of increased price volatility if the de-pegging phenomenon escalates in the future.

Following the TerraLuna meltdown, stablecoins have been bearing the brunt and are on the brink of annihilation. Attention has been particularly shifted to Tron’s USDD as it continues to fall, with founder Justin Sun vowing to deploy $2 billion to prop up.

Amidst the current market mayhem, regulators around the world including South Korea have been putting up guardrails.

Upbit Removes Litecoin Over Privacy Function Concerns

A day ago, five South Korean cryptocurrency exchanges including Upbit announced to collectively delist Litecoin citing the crypto asset’s Mimblewimble Extension Blocks [MWEB] upgrade violates the country’s laws.

Three days back, South Korea’s Financial Supervisory Service [FSS] began an investigation into payment gateway services that focuses on digital assets. The FSS is the nation’s financial watchdog that operates under the Financial Services Commission [FSC], both of which are government institutions.

As per a local source, the FSS had recently demanded reports from 157 payment gateways about any service related to crypto, its plans for the future, and the disclosure of digital assets. But, an FSS report stated that only six held any digital assets.

The country’s authorities on May 31, 2022, announced that it is planning to launch a Digital Assets Committee which is deemed as a temporary solution to bring structure to the virtual asset industry following the Terra fiasco.

The proposed committee would bring forth new guidelines including screening criteria for newly-listed assets, market monitoring, trade monitoring, a level of disclosure, and other investor protections.