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
The country’s Virtual Assets Regulatory Authority (VARA), was founded in March. Many other crypto exchanges have relocated their headquarters to Dubai. The authorities in Dubai have granted provisional approval for the operation of Crypto.com, one of the fastest-growing exchange platforms in the crypto business. The country’s Virtual Assets Regulatory Authority
June 4, 2022 1 min read