Journalism graduate who loves to write and Karate. And I love exploring new concepts and that brought me into the fascinating crypto and blockchain technology…
The previous few days have seen the burning of more than 1.5 billion LUNC tokens by an entirely new Terra Classic project, DFLunc that was introduced in April.As part of its monthly LUNC burn process, Binance burned 1.27 billion LUNC on May 1. After Binance, the total LUNC burn was
May 11, 2023 1 min read
The Bittrex Crypto Exchange officially filed for bankruptcy. This occurs just over a month after the Security Exchange Commission (SEC) charged Bittrex with repeatedly breaking security regulations. In a filing submitted on May 8 to the United States Bankruptcy Court for the District of Delaware, Bittrex reported that it has
May 9, 2023 1 min read
Cryptocurrency exchange Binance restarted bitcoin withdrawals on Monday after stopping them for the second time in a day due to high volume. Binance had stopped withdrawals earlier in the day for approximately one hour, alleging a significant delay in pending withdrawal requests as the reason. $BTC withdrawals are now resumed
May 8, 2023 1 min read
Israeli authorities have seized over 190 Binance crypto accounts connected to terrorist organizations since 2021. It mentioned a report from Israel’s National Bureau for Counter Terror Financing (NBCTF) that showed two accounts connected to ISIS that had been confiscated to “thwart the activity” of terrorist organizations. These records state that
May 5, 2023 1 min read
Optimism, an Ethereum-based layer 2 companion blockchain, is going to utilize the Ethereum Attestation Service (EAS). The Ethereum Attestation Service (EAS) is an on-chain attestation system. That enables users to assess the integrity of the platform’s users and vouch for whether anything transpired on the blockchain. The Ethereum Attestation Service
May 5, 2023 1 min read
Due to a substantial decrease in burns from the day before, the Shiba Inu (SHIB) burn rate has decreased by up to 99% in the last 24 hours. According to data 1,993,024 SHIB tokens were sent to dead wallets in total. On May 2, there was a single transaction of
May 4, 2023 1 min read
To prevent fraud, the United Kingdom is planning to outlaw cold calling for financial items, such as insurance and cryptocurrencies. According to the National Crime Agency, fraud costs the nation approximately £7 billion ($8.7 billion) yearly. The UK offered 400 new jobs as a component of its new fraud strategy
May 3, 2023 1 min read
Balaji Srinivasan, the former CTO of Coinbase, revealed that he settled a notable Bitcoin bet made in March by contributing $1.5 million of his own money. When Srinivasan initially made his $1 million bet public in March, he claimed that because the world economy is about to experience an enormous
May 3, 2023 1 min read
Sui Network has gained attention as the first permissionless Layer 1 blockchain. As a result of Arbitrum’s successful airdrops, it is one of the projects that people are most interested in receiving this year. Sui is a proof-of-stake blockchain with horizontal scalability and storage that is completely decentralized. It aims
May 2, 2023 1 min read
MicroStrategy, the enterprise analytics platform disclosed its financial results for the first quarter of 2023. The company stated that its net income for the first quarter was $461.2 million, or $31.79 per diluted share. Comparatively, it reported a net loss of $130.8 million in the first quarter of 2022. MicroStrategy
May 2, 2023 1 min read
