The Federal Reserve is expected to raise the interest rate by 50 basis points. The Terra ecosystem crash caused a ripple effect across the market. The Consumer Price Index (CPI) rose by one percent between May and June, bringing its year-over-year gain to 8.6 percent, while the crypto sector continues
June 10, 2022 2 mins read
The L1 multisig contract had already been deployed to the identical address on L2. A bad actor was able to take possession of the contract on the L2. The Optimism layer-2 scaling solution’s positive phase was shattered when a smart contract vulnerability resulted in the loss of 20 million OP
June 9, 2022 1 min read
On top of Ethereum, Optimism (OP) is a layer-two blockchain. Terra Classic has been up 24.22% in the last 24 hours. Let us look at the top 3 trending searches on CoinGecko as per CryptoDep. SUKU (SUKU) Blockchain-based Web3 solutions are at the heart of the SUKU ecosystem, which aims
June 9, 2022 1 min read
Binance has suspended all withdrawal and deposit functions of the Elrond (EGLD) network on its platform after a hacker attack. According to a report on CoinQuora, the perpetrator made away with $1.65 million worth of EGLD tokens. The declaration happened on the morning of January 8, 2022, through the exchange’s
June 8, 2022 2 mins read
Several cryptocurrency platforms and investors took to social media to debate the issue. As of July 1, 2022, a 1% TDS will be applied to virtual digital assets. Tax Deductible at Source (TDS) for virtual digital assets has been reaffirmed at 1 percent, as indicated in the Union Budget for
June 8, 2022 2 mins read
According to reports, this theft happened in May 2021. The South Korean authorities are looking into Do Kwon’s tax evasion. Reports from South Korea claim that a Terra employee is under investigation for allegedly embezzling Luna and Terra’s corporate funds. According to reports, this theft happened in May 2021. The
June 7, 2022 2 mins read
Polygon is up 4.00% in the last 24 hours. It is estimated that at least 134,078 ETH wallets contain more than 100 MATIC tokens. Polygon (MATIC) has fallen by more than 60% from its all-time high of $2.92 set on December 27th, 2021. In the midst of a bigger crypto
June 6, 2022 2 mins read
Langlois sold $20 million worth of artwork in only 24 hours in April of this year. For the Nifty Gateway marketplace, this was the third-largest sale of NFTs ever. Victor Langlois, a 19-year-old transgender artist, has made $50 million in less than a year selling his NFT artwork. NFTs and
June 6, 2022 1 min read
According to James, the crypto market is “extremely unpredictable.” Bitcoin is now trading at under $30k at the time of this writing. On Thursday, New York Attorney General Letitia James issued a warning concerning cryptocurrency investments. Attorney General (AG) reiterated the view taken by other U.S. government authorities, including Attorney
June 4, 2022 2 mins read
The commentators have predicted that the current bear market will persist for longer. The price of BTC might fall between $22K and $24K. The Bitcoin (BTC) price has fallen below the $30k threshold yet again. The price of Bitcoin (BTC) recently had crossed the $32K mark. On the other hand,
June 4, 2022 2 mins read
