Ivy Blocks’ offerings will also include an asset management platform. The company’s asset management division would make “liquidity investments”. Exchange of digital assets Huobi Global has launched a new investment arm focusing on decentralized finance (DeFi) and Web3 initiatives, demonstrating venture capitalists’ growing interest in the blockchain economy. Much Needed
June 11, 2022 1 min read
Abra and American Express announced a collaboration at Consensus, a crypto conference in Austin, this week that will see the launch of American Express’s first-ever crypto rewards credit card. More than 60 million American Express cardholders were estimated earlier this year. Now, the network is bringing in crypto benefits for
June 11, 2022 1 min read
A well-known lawyer, James Filan, tweeted about this filing on June 10. Defendant requested that Judge Netburn investigate OIEA and FinHub’s enquiries. Every day, new documents have been filed in the lawsuit between the SEC and Ripple, a San Francisco-based fintech company. However, the Plaintiff’s (U.S. SEC) efforts to prolong
June 10, 2022 2 mins read
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