Mon, June 29

OKX Saves Users From LUNA/UST Crash

OKX saves millions for its users. OKX risk protection system comes into action. Promotes as the only crypto exchange to do so. The still persistent market crash not only brought the Bitcoin (BTC) to lows, but a tragic event, witnessing the dead fall of the LUNA and the Terra UST.

May 23, 2022 2 mins read

Will the US Take a Strong Stance on Bitcoin Regulation?

Tech industry contributes 9.3% to the US economy.   33257 Bitcoin (BTC) ATMs are installed in the nation. The United States is the largest base for numerous tech companies, making the nation the giant tech base. As per the report from CompTIA, an American trade association, the US tech industry raised

May 23, 2022 2 mins read

Terra Co-founder Mentions Sending Token to Burn Wallet is Not a Good Idea

The whole system’s failure has wiped out the ecology and shattered its trustworthiness. A situation where no multisig is involved is strange and hazardous. Theory, loss and response are only some of the reactions to Terra’s extinction. Because of the failure, many thought that this one was doomed. Tether’s Chief

May 23, 2022 2 mins read

Russian Prison Officials Running Crypto Mining Seized

Many Russians are turning to subsidized and even unauthorized power. Machines used over 8,400 kW of power paid for by the government. The Butyrskaya jail in central Moscow’s Tverskoy District is under scrutiny for a high-ranking prison official’s crypto mining farm. The oldest Russian jail, also known as Butyrka, was

May 23, 2022 1 min read

Controversial Entrepreneur Martin Shkreli Claims Using Uniswap in Prison

Martin Shkreli spoke to Twitter only a few hours after he was released. Responses poured in, including one from Uniswap’s founder. The controversial entrepreneur Martin Shkreli spoke to a group of crypto fans on a Saturday morning about his views on the future of Bitcoin and DeFi. According to Shkreli,

May 23, 2022 1 min read

Dubai Government Announces Dedicated Digital Economy Task Force Group

The task force hopes to create virtual equivalents for 42,000 positions. Dubai aims to raise its GDP by 1% by banking on the metaverse potential. The Dubai government has announced the creation of a task group to monitor the most recent advances in the digital economy and to take advantage

May 22, 2022 1 min read

Crypto Enthusiasts Celebrate Bitcoin Pizza Day All Over the World

Bitcoin with pizza? That’s an odd mix, to say the least. Despite this, each event has been given a whole day to commemorate. All of this is being done to honor the world-changing advancements that crypto has brought forth. As a result of their widespread use, cryptocurrencies have taken over

May 22, 2022 1 min read

Brazilian Exchange Nox Bitcoin Reimburses Money To Users

Nox Bitcoin reimburses the money to UST holders who lost in the crash. Crypto users have queried whether Binance will follow suit. Nox promises to refund all UST holders at $1 rate despite the current price being low. The concerted attack in the crypto market is the significant crash of

May 21, 2022 2 mins read

BitMEX Co-founder Sentenced 2 Years’ Probation and 6 Months House Arrest

In June, there will be a hearing for Hayes co-founders who admitted guilt with Hayes. Hayes, Delo, and Reed have each been fined $10 million. After being convicted of breaking the US Bank Secrecy Act, Arthur Hayes has been sentenced to two years of probation and six months of home

May 21, 2022 1 min read