A Twitter user with the handle, @zachxbt recently helped a cryptocurrency investor recover $50,000 out of $240,000 worth of stolen funds. Zachxbt a self-named crypto ‘detective’ has become popular for...
Tag: altcoin news
India Plans to Impose 20% Tax on DeFi Transactions
India’s Central Board of Direct Taxes (CBDT) is planning on levying a 20% tax on interest earned from investing in decentralized finance (DeFi). Local news agency, the Economic Times, reported the dev...
Self-Named Satoshi Craig Wright Sues Coinbase and Kraken Over IP Claims
Self-proclaimed Bitcoin creator Craig Wright has filed a petition against two major cryptocurrency exchanges, Coinbase and Kraken. The petition over intellectual property claims was filed on 29 April ...
One Billion People Will Use Crypto Within the Next 10 Years
Brian Armstrong, the CEO of popular cryptocurrency exchange Coinbase, said at the ongoing Milken Institute Global Conference on Monday that one billion people would have used or attempted to use crypt...
T.E.A.M DAO Raises $5M Series a Round Led by Krust Universe and Animoca Brands
T.E.A.M DAO (TEAM), the metaverse’s first Guild 3.0, announced today that it has raised $5 million in a Series A round of funding co-led by Krust Universe and Animoca Brands, with participation from G...
CryptoCom Takes U-Turn on Card Staking Rewards Following Complaints From Aggrieved Users
Popular cryptocurrency exchange CryptoCom has taken a u-turn to readjust the CRO rewards on its visa card after receiving a severe backlash from aggrieved customers. The exchange had previously announ...
ETH Layer-2 Fees Must Get to $0.05 to be Acceptable
Vitalik Buterin, the founder of Ethereum, has recently opined that the gas fee charged on Layer-2 solutions has to be reasonably low to be acceptable. Buterin made his statement in reply to a tweet by...
“Hard Not to Bullish on Crypto”
Legendary American billionaire hedge fund manager Paul Tudor Jones is backing the cryptocurrency industry to succeed in the long-term despite growing macroeconomic tensions. In a Tuesday CNBC appearan...
Algorand Will Become the Official Blockchain Sponsor of FIFA World Cup 2022
Blockchain technology company Algorand has inked a sponsorship and technical deal with Fédération Internationale de Football Association (FIFA), the international governing body of association footbal...
How Do Cryptocurrency Exchanges Work?
Buyers and sellers can trade crypto assets on a cryptocurrency exchange. If you want to trade crypto, you’ll have to do so through a crypto trading platform because, for the time being, just a few tra...
Video Startup Angel Studios Discloses $10.6M Bitcoin Investment
The community-driven movie streaming platform, Angel Studios, has recently revealed in a filing with the U.S. Securities and Exchange Commission (SEC) that it purchased Bitcoin worth more than $10.6 m...
Ethereum Name Service (ENS) Crosses One Million Registered Domain Names
The Ethereum Name Service (ENS) has just crossed one million registered domain names, which is a significant milestone for the company. ENS domain names enable users to represent traditional addresses...
Nexo Co-Founder Confident $30,000 is Bitcoin’s Floor Price
In an interview with CNBC on Monday, Antonio Trenchev, the co-founder and managing director of cryptocurrency lending platform Nexo, said he is confident that Bitcoin (BTC) will not go below the $30,0...
Price Analysis 5/1: BTC, ETH, BNB, SOL
The previous intraweek session was referred to as “unfruitful” as BTC and other cryptocurrencies failed to record any significant increases. The market closed almost the same way it opened, leading to...
Why Is Solana Down? Network Suffers Second Major Outage
The Solana blockchain network suffered a major outage in the hours leading up to press time. The current downtime is attributable to a known issue of increased bot usage, a plague that has afflicted t...
What is Solana (SOL)? Go From Newbie to Expert in Minutes
Solana is an open source blockchain network with smart contract functionality that allows developers to create decentralized applications (dApps). It is a third-generation blockchain network powered b...
Ethereum Domain Name Sold as NFT for $160,000
A three numeric Ethereum Name Service (ENS) domain dubbed 555.eth has just been sold for 55.5 ETH worth over $160,000. It now holds the record for the most expensive ENS domain ever sold. Ethereum Na...
DeFi Lender Fei Protocol Suffers $80M Security Breach
Fei protocol, an Ethereum-based decentralized exchange, has suffered an extensive security breach a year after it merged with RAri Capital, a lending and borrowing protocol, smart contract analysis fi...
Swiss National Bank Deliberates on Bitcoin as Reserve Currency
The Swiss National Bank (SNB) disclosed at the central bank’s annual meeting on Friday that it does not consider Bitcoin ideal as a reserve currency. This deliberation, while not positive at this time...
French Biotech Company HCS Pharma Set to Raise $7.3M Through STO
French biotechnological company HCS Pharma announced today that it is set to raise $7.3 million through a security token offering (STO). HCS Pharma to Raise $7.3M Via STO In an interview with Clinical...
South Korea Arrests Two Men Paid in Crypto to Spy for North Korea
South Korean police have arrested two men, an army captain and a businessman who runs a digital asset company, for allegedly stealing military secrets for a suspected Pyongyang spy who paid them in cr...
Wall Street Powerhouse Goldman Sachs Offers Its First Bitcoin-Backed Loan
Wall Street powerhouse Goldman Sachs has offered its first ever Bitcoin-backed loan to a client. According to a Bloomberg report on Thursday, the banking giant’s secure lending facility allowed a borr...
A New Way to Maximize the APR in the DeFi Yield Market
OneStake Finance, a DeFi yield aggregator, claims to be the first TVL-as-a-Service protocol that offers the highest APR possible on single staking. The project aims to provide solutions for casual and...
Solana’s DeGods NFT Project Acquires Professional Basketball Team
DeGods, the biggest NFT project on the Solana network by market cap, confirmed today that it has acquired one of the basketball teams in Big3, a professional basketball league founded by rapper and ac...
Binance Coin Stable Above $400 as APE Continues to Surge
Binance coin and most cryptocurrencies are rising. The crypto market as well has resumed its uptrends and is seeing a greater increase in valuation. It has returned above $1.8 trillion after dipping a...
How to Minimize Costs While Investing in Cryptocurrencies
Irrespective of what you desire to invest in, buying and holding can be a good long-term investment strategy. This is true for cryptocurrencies just as much as it is true for any other tradable asset...
Deus Finance Hacked For Over $13M Via Flash Loan Exploit
DeFi protocol, Deus Finance has recently been exploited with hackers siphoning off $13.4 million in crypto, blockchain security firm PeckShield alerted via Twitter in the early hours of Thursday. Peck...
Former Google CEO Eric Schmidt Is Bullish on Web3
Former Google CEO Eric Schmidt recently opined that he has invested a little in cryptocurrencies, but he’s bullish on Web3. Schmidt Bullish on Web3 According to a CNBC report, Schmidt said the most fa...
Former Coinbase Engineer Donates $1M to Fund Bitcoin Development
Brink, an independent non-profit organization, has received $1 million from a former Coinbase engineer, Craig Hammell, to support Bitcoin development. Announcing the donation in a tweet, Brink noted t...
Dragonfly Capital Announces $650M Raise for Third Crypto Fund
According to a recent update from Haseeb Qureshi, the firm’s managing partner, crypto-centered investment firm Dragonfly Capital, just launched a new fund with $650 million worth of capital. Dragonfly...
U.S. Rep. Madison Cawthorn Accused of LGBCoin Pump-and-Dump Scheme
U.S. representative Madison Cawthorn may have defied federal insider trading laws after his alleged involvement in a crypto pump-and-dump scheme. Several watchdog groups allege that the North Carolina...
DeFiChain Launches Decentralized Bridge to Connect With BNB Chain
DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial (DeFi) applications and services to everyone, officially announces the launch of DeFiCha...