In a developing story, a hacker reportedly exploited an inadequate signing process to make off with more than $600 Million in various cryptocurrencies from cross-chain DeFi. Those included in the attack are Ethereum, Polygon, and BSC. If the amount is accurate, the theft marks one of the largest cryptocurrency thefts in history. What We Know On Tuesday,[Read more…]
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It was a crazy weekend at ApeSwap. The latest Initial Ape Offering (IAO) was an unprecedented resounding success. Dragonary is the latest GameFi product to hit the Binance Smart Chain and has been touted as THE CryptoBlades replacement or even Axie Infinity as a Play-to-Earn offering. One of the main differences of Dragonary is it’s approach to being Free-to-Play.[Read more…]
Three months into the job, Brian Brooks, CEO of Binance.us, announced his resignation. His Twitter announcement stated he and his peers had “differences over strategic direction.” Prior to joining Binance.us, Brooks worked in the Office of the Comptroller of the Currency. This federal branch regulates all national banks. During his time as comptroller, Brooks advocated[Read more…]
StonkInu merges two of the most known memes on the internet into one, Stonks + Inu StonkInu is a community-driven, DeFi token. Having very advanced buyback mechanics and token functions in place, StonkInu is and will always remain deflationary. Other than most meme coins, StonkInu actually has a real utility and a very unique game coming[Read more…]
China has recently began tightening restrictions on Bitcoin miners, restricting local bitcoin mining and trading by, among other limitations, ordering power companies not to sell them power.. This crackdown has resulted in Chinese Bitcoin miners to turn elsewhere, even to small towns in rural America. Texas has seen a boom in interest for Bitcoin miners seeking new[Read more…]
U.S. Commodity Futures Trading Commission (CFTC) Commissioner Brian Quintenz, in response to a claim made by U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, said that the SEC does not have authority over pure commodities, which is the category crypto assets belong to. Quintenz tweeted: “Just so we’re all clear here, the SEC has[Read more…]
2021 is considered as the year of decentralized finance in the crypto ecosystem. Truly, the space has witnessed unprecedented growth since its inception even as it broaches the terrain of the mainstream sector. However, this growth has not been without the contribution of solid projects, including DeFi protocols launched across various blockchains. DalmatianInu aims to join[Read more…]
Many financial institutions offer free money for consumers. For example, credit card companies offer cash back on transactions and bank accounts offer interest. Now, you might be able to get this free cash offered in cryptocurrency. Using these methods for free crypto might not be a challenge for those who already have a crypto investment[Read more…]
Cryptocurrency organizations have asked Congress to reconsider the $28 billion tax plan proposed in the Senate as they see this tax as an “imminent threat” to the crypto community. President Biden has proposed a $1.2 infrastructure package to upgrade America’s roads, railways, power grids, and broadband access. Within this package, $28 billion is allotted to[Read more…]
Polygon Network Fun Fact: Polygon scales the entire chain infrastructure by transacting 65,000 TPS via a side chain. Ethereum’s “Internet of Blockchain,” Polygon (Matic), has been the talk of the crypto (blockchain networks) town of late. Projects joining its ecosystem are soaring, thanks to its acclaimed Layer 2 security protocol. Users and developers are increasingly voicing their[Read more…]
