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One-stop DeFi ecosystem Spike Inu Goes Live on Coinmarketcap



One-stop DeFi ecosystem Spike Inu Goes Live on Coinmarketcap
One-stop DeFi ecosystem Spike Inu Goes Live on Coinmarketcap

Decentralized finance platform, Spike Inu, finally goes live on Coinmarketcap, shortly after listing on Coingecko early this month. The project offers a one-stop ecosystem that includes DeFi apps, NFT marketplaces, and a multichain wallet. The platform also features a decentralized exchange, or DEX, that allows users to easily swap ERC-20 tokens across multiple blockchains.

Announced Thursday, Spike Inu is the latest project to gain a listing on two of the top data aggregators – Coinmarketcap and Coingecko. The listing aims to help the project boost adoption and gain user engagement across crypto communities.

Spike Inu launched in May 2021 providing crypto users with new and trending next-generation applications in the DeFi space. The platform allows users to trade cryptocurrencies across different networks without the need for intermediaries. Via its cross-chain platform, users can trade multiple cryptocurrencies on , , Fantom, BSC, NEAR Protocol, Polygon, and other blockchains. The platform maintains secure, fast, and cheap transactions across the blockchains.

Additionally, Spike Inu also has a native token, Spike Token ($SPKI), an ERC20 meme token that promotes decentralization on the platform. Holders of the token also get specific rewards linked to the transactions involving decentralized wallets on the platform.

Spike Inu aims to revolutionize the DeFi ecosystem

As alluded to, Spike Inu is a one-stop shop for everything DeFi. The platform features its decentralized exchange, Spike DEX, which combines the value of centralized and decentralized architectures to improve user experience and make the platform easy to use. The DEX employs a multichain structure allowing users to trade across Binance Smart Chain, Ethereum, , Polygon, Near Protocol, and Fantom. This means users can swiftly swap tokens on one platform without high gas costs incurred. Additionally, the platform offers users high liquidity to trade high volumes and complete multiple trades. In the future, Spike Inu plans to introduce decentralized leveraged trading with 20X leverage for all platforms.

The platform also includes a decentralized NFT marketplace allowing users to mint, buy, and sell non-fungible tokens (NFTs) freely. Spike Inu’s NFT marketplace aims to revolutionize the NFT ecosystem by allowing users to exchange NFTs for other NFTs and crypto. Users can also use this avenue to trade their metaverse products. For new users in the space, Spike Inu introduced a special tool that helps users mint and create NFTs without the complexities of learning how to code.

Spike Inu provides non-custodial services and requires users to connect their Metamask wallets to swap, stake, and earn from the platform. Users can also buy Spike Inu token ($SPKI), native to the platform, by connecting their wallet and swapping with Ethereum (ETH) on .

Apart from diversification of products and multichain ability, the platform has a strategy for raising money for charity. It plans to maximize on different events such as auctions, marketplace events, votes, and NFT creativity contents, and use that revenue for charity.

Finally, Spike Inu also includes a non-custodial wallet that features multiple security layers and an intuitive user interface to store, send, swap, buy and trade their cryptos efficiently. The wallet is made with a high-security mechanism with biometric security and a private key to secure users’ data. Additionally, the wallet allows users to directly swap ERC20 tokens and DApp integration allowing users to participate on any DeFi app.

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Crypto Investors intend to have FTX arrested through protests



founder of FTX

Members of the crypto community intend to have FTX founder Sam Bankman-Fried arrested. Crypto trader and youtuber Ben Armstrong addressed this initiative to the crypto industry.

“If Sam [Bankman-Friede] is not arrested by the end of December, I will gather a large group (probably over a hundred people) who lost money [amid the collapse of] FTX. We will go to the Bahamas and protest outside the government building, the Albany Resort [where Bankman-Fried supposedly has real estate] and other [Bankman-Fried] properties until he is arrested,” Ben Armstrong wrote on his microblog asking subscribers who would like to join the initiative to check in under the post.

FTX arrested?

Many members of the crypto community responded to the trader’s call. For example, the initiative was supported by popular youtuber Dusty BC Crypto. The irony is that earlier Ben Armstrong himself, as a crypto blogger with a million audience, advertised the FTX crypto exchange and its native FTT token.

Some of the subscribers noted that it was time to file regulatory complaints against the crypto blogger himself, as he was involved in attracting investors to FTX. All of these events increase volatility in the cryptocurrency market, so it makes sense for an investor to consider the AMD price chart today.

This isn’t the first time members of the cryptocurrency community have raised the issue that FTX’s creator should be in jail. Some online users speculate that Sam Bankman-Fried could literally buy his freedom. Recall, it was previously revealed that the entrepreneur donated large sums of money to political parties.

Earlier we reported that Binance bought Sakura Exchange BitCoin in Japan.

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Hackers stole cryptocurrency worth $3.37 billion since the beginning of the year



how hackers steal cryptocurrency

In the 11 months since the beginning of the year, hackers stole $3.37 billion worth of cryptocurrency. According to PeckShield, cryptocurrency companies lost $1.3 billion to fraud in the fall alone.

Thus, in September there were 17 hacks, which resulted in losses of $171 million. Marketmaker Wintermute incurred losses of $160 million.

How do hackers steal cryptocurrency?

In October, hackers stole $760.2 million worth of cryptocurrency because of 44 hacking attacks. Then BNB Chain was hacked for $544 million, but the fraudsters could withdraw only $100 million of it – the other part of the funds were blocked by the developers. Then a hacker stole $1 million from the BitKeep cryptocurrency wallet by hacking it through a swap feature. Another hack came on Team Finance’s launchpad, which lost $14.5 million due to a smart contract migration feature bug.

There were 29 hacks in November that stole $391 million in various digital assets. Another $3 million was stolen from Skyward Finance based on the NEAR Protocol. An unknown hacker could “empty the reserves” of the project through a vulnerability in the smart contract. Note that due to global problems in the cryptocurrency market and the high cost of mining, even the NVIDIA price chart went down.

It was also reported that crypto exchange Coinsquare was hacked, but representatives of the company assured that customers’ assets “are safely stored in cold storage and are not at risk.”

Meanwhile, over the three months of the summer, cryptocurrencies suffered about $446 million in hacks. In June, the loss from 21 attacks was $227.76 million; in July, companies suffered losses from 12 hacks worth $10.2 million; and in August there were 18 attacks, which resulted in the loss of $208.5 million.

Earlier we reported that Terra Classic developers are launching an LUNC wallet.

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Largest bitcoin miners owe banks $4 billion



largest bitcoin miners

Now the largest bitcoin miners can’t pay back loans and give creditors hundreds of thousands of devices as collateral. This is reported by Bloomberg.

After the collapse of FTX crypto exchange, many companies that provided loans to largest bitcoin miners, including New York Digital Investment Group (NYDIG), Celsius Network, BlockFi Inc, Galaxy Digital, and the Foundry (a division of Digital Currency Group) are facing problems due to non-payment of loans.

Loans backed by mining equipment have become one of the most popular financing tools in the industry. Now, however, mining companies are having trouble making payments because of the drop in the bitcoin exchange rate and don’t have the funds to pay back the loans. Lenders cannot seize any assets from them other than cryptocurrency mining devices, the value of which has fallen 85% since last November. Even the Tesla price chart has gone down from that drop.

“We continue to take a cautious approach to risk-based financing in the mining industry. For example, in the third quarter, Galaxy’s mining division closed three existing leases totaling about $8 million,” said Michael Wursthorn, a Galaxy spokesperson.

Lenders are already paying attention to the surplus of mining equipment received after the loans are paid off. They are having to sell the equipment at a big discount or find data centers to mine bitcoins on their own. This surplus means that lenders could face further losses, given how saturated the market for mining equipment already is.

In November, mining company Iris Energy said it would not repay the loan it took out against the equipment and would prefer to develop other business operations instead. It said its two units registered to buy the equipment secured against it were not generating enough cash flow to service the line of credit.

Earlier, we reported that support for OpenSea Binance’s smart chain had appeared.

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