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North Korean Hackers Implicated in Axie Infinity Heist
US Identifies North Korean Hackers in the Axie Infinity Theft The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has flagged the address that received the stolen crypto from the Ronin network. The address has been sanctioned, and the Federal...
Cryptocurrencies Face Challenges Amid Fed Policies and Inflation
What Caused the Decline? While cryptocurrencies were traditionally considered immune to traditional economic factors, recent trends suggest otherwise. Financial experts attribute the latest downturn to a mix of: High Inflation: U.S. inflation reached 7% in December...
EU Crypto Leaders Push Back Against Restrictive Policies
Crypto Business Leaders’ Open Letter to the EU In an effort to reduce the impact felt by the crypto industry in Europe, over forty crypto business leaders have urged the European Union to reconsider the requirement for crypto platforms, exchanges, and brokers to...
Cardano’s Transaction Activity Surpasses Bitcoin
Cardano (ADA): A Scalable and Energy-Efficient Blockchain Solution As of February 13th, 2022, Cardano recorded a transaction volume of $17.56 billion, outperforming both Bitcoin ($10.65 billion) and Ethereum ($5.77 billion), according to blockchain analytics firm...
BlockApps Raises $41 Million in Series A Funding
BlockApps Funding Details BlockApps will also use the funds to "expand its associate program and include more real assets to STRATO, the company’s leading enterprise blockchain platform." Similar to other blockchain networks, an enterprise blockchain is a...
Warren Buffett Invests in BTC Assets as Whales Sell ETH
Whales That Bought More Crypto Warren Buffet Dumps Visa and MasterCard, Invests $1B in Bitcoin Warren Buffet, also known as the "Oracle of Omaha," recently reduced his holdings in Visa and MasterCard to acquire $1 billion in Nubank, Brazil's largest FinTech firm...
Portugal Grants First Bank Crypto License
The Impact of This Development on the Crypto Industry This move by Portuguese regulators signals a positive future for cryptocurrency. It could encourage more banks and financial institutions worldwide to engage with crypto assets. Furthermore, this action may lend...
North Korea’s Sanctions Evasion Leads to U.S. Crypto Developer’s Arrest
Support for Griffith During His Trial Friends, family, and former colleagues of Griffith have submitted letters to the U.S. judge in an effort to portray him in a positive light. These letters aim to highlight Griffith’s good character and reduce the severity of...
Ethereum 2.0 Rebranded as the Consensus Layer
ETH 2.0 is among the most awaited crypto upgrades at the moment. This upgrade, expected to deliver lower gas fees and improved scalability, is highly anticipated as demand continues to strain the network. Ethereum’s IT team has been working diligently for over two...
Betting on the 2024 US Election: Your Guide to the Race
A KYC-Free Casino for Crypto Players One of the most appealing features of Niyvi Casino is that most players won’t need to undergo KYC (Know Your Customer) verification. When registering, only a username, password, and valid email address are required. This makes...
Steve Aoki Earns More from NFTs Than His Music Career
The Musician Claims He Makes More from NFTs than in the Music Industry Steve Aoki, a prominent DJ, musician, and producer, is a strong advocate for NFTs. During his February 10th, 2022 speech at a gala event in Inglewood, California, Aoki stated that his NFT...
ICHI Token Loses 99% in Shocking DeFi Collapse
What Led to the ICHI Token Crash? The exact cause of the crash remains unclear, but it appears that the HI-ROAD smart contract was exploited. This allowed the attacker to mint unlimited ICHI tokens, which were then sold on the open market. Consequently, the token's...
Justin Bieber Buys Bored Ape NFT for $470K: Smart Move or Overpriced?
Why Did Justin Bieber Spend $470,000 on a Monkey NFT? Bieber recently bought Bored Ape #3850 for 166 ETH, around $470,000. This wasn’t a one-off splurge; just a week earlier, he purchased Bored Ape #3001 for 500 ETH—approximately $1.3 million, paying 300% above its...
Binance Leads $600M Axie Infinity Bailout for Users
Binance Steps in to Support Axie Infinity Recovery Sky Mavis has committed to reimbursing affected users by combining its own resources with a $150 million funding round led by Binance and other investors, including Andreessen Horowitz (a16z). This effort aims to...
Global Crypto Adoption: Surprising Insights and Trends
Top 10 Countries Where Most People Own Cryptocurrencies Thailand Thailand leads the list with 20.1% of its population owning cryptocurrencies. While the country is crypto-friendly, it has banned NFTs and meme coins. Additionally, a 15% capital gains tax on crypto...
Coinbase Stops UPI Payments Due to New Tax Regulations
Coinbase’s Response to the Situation Reports indicate that Coinbase reached out to UPI operators for clarification on the issue. The company later affirmed its commitment to complying with local regulations and aligning its operations with regulatory requirements....
Top 10 Cryptocurrencies to Watch in
Polygon (MATIC) Polygon, which issues MATIC coins, was created to address Ethereum’s challenges, such as high costs and slow speeds. While Ethereum’s average transaction fee is $25, it increases during network congestion. Polygon enhances Ethereum’s network...
Ethereum Merge’s Impact on the Crypto Mining Industry
The Current Role of Miners in Ethereum’s Proof of Work System Cryptocurrency networks like Ethereum require substantial energy to maintain security and process transactions through mining. Mining not only controls the supply of new coins but also verifies and...
India Introduces 30% Crypto Tax Starting April
Can You Offset Crypto Losses Against Profits? The new tax rules impose a strict 30% taxation on cryptocurrency income. However, losses from transferring digital assets cannot be deducted from other profits. This approach differs from current tax laws, which allow...
Pudgy Penguins NFT Collection Sells for $2.5M
Market Reactions to the Pudgy Penguins Sale The sale of the Pudgy Penguins sparked a wave of trading activity on OpenSea. Prior to the announcement, the floor price fluctuated between 0.7 and 1.4 ETH, but it climbed to 2.5 ETH after the news broke. As of today, the...
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