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Ashfaq

A devoted content writer having 3 years of crypto trading experience. Loves cooking and swimming. Stays up to date with the latest developments on blockchain technology.

Posts by Ashfaq

Tether (USDT) Network Attacked Using DDoS Resulting in 8M Requests/Min

Tether (USDT) Network Attacked Using DDoS Resulting in 8M Requests/Min

The request significantly differs from the daily average of 2k requests/5min. The company had received a ransom demand from the hackers. On June 18, a major denial-of-service assault targeted Tether, one of the world’s biggest cryptocurrencies, by market capitalization. Tether’s Chief Technical Officer, Paolo Ardoino, tweeted that the company had

June 19, 2022 2 mins read
Indian Crypto

Indian Exchange CoinDCX Halts Crypto Withdrawals Citing Wallet Maintenance

Banks are reluctant to accept crypto transactions because of regulatory uncertainties. Trading volumes at CoinDCX have dropped 40% since the UPI ban. CoinDCX’s chief operating officer, Mridul Gupta, had joined the crypto exchange CoinDCX last year, where he hopes “to drive growth for CoinDCX business and build India’s leadership in

June 19, 2022 2 mins read
Tether (USDT) Network Attacked Using DDoS Resulting in 8M Requests/Min

Inverse Finance Yet Again Exploited of $1.2 Million by Hackers

Flash loans are a sort of crypto loan often obtained and reimbursed in a single transaction. The attackers could convert 99,976 USDT and 53.2 wBTC into ETH. For the second time in two months, Inverse Finance has been the victim of a pricing oracle manipulation scam that resulted in the

June 17, 2022 2 mins read
How Are Cryptocurrencies Analogy To Online Gambling?

Celsius Surrounded by 4 Separate Jurisdiction Regulators Amid Insolvency

The Securities and Exchange Commission was also in contact with Celsius. The firm has temporarily suspended Customer withdrawals, swaps, and transfers. State authorities are investigating Celsius in four separate jurisdictions for blocking consumer accounts due to solvency issues. As a result of Celsius’ decision to restrict client money withdrawals, regulators

June 17, 2022 1 min read
Tron’s Native Stablecoin USDD Depegs, Now Trading at $0.97

TRON’s Stablecoin USDD Fails To Maintain $1 Parity, Trading at $0.97

This week, $2 billion was injected into Binance to combat the negative shorting rate. Wednesday saw the USD tumble below its one-dollar trough, tumbling as low as $0.955. Justin Sun, the founder of the Tron Foundation, has become more optimistic about the USDD, but the community is not. The Decentralized

June 15, 2022 1 min read
Ethereum Network Successfully Completes Gray Glacier Hard Fork Update

Ethereum L2 Scaling Solution Optimism Announces Addition of Ankr as an RPC Provider

For Ethereum blockchain users, Ankr, a rapidly expanding supplier of Web3 infrastructure, is proud to announce that it is now an RPC (Remote Procedure Call) provider for Optimism, a lightning-fast, and inexpensive Layer-2 scaling solution. Ankr is now an RPC provider for 17 blockchains, including Ethereum, BNB Chain, Solana, and

June 15, 2022 2 mins read

Around 2,000 Terra Investors File Lawsuit Against Binance’s U.S. Subsidiary

The matter is apparently being handled by Roche Freedman LLP. Binance is accused of misleading investors about Terra in a 72-page complaint. UST and LUNA, two of Terra’s assets, went bust last month, causing major market harm. Cryptocurrency exchanges have to pay the price for monitoring and investigating everyone involved

June 13, 2022 1 min read