Thu, September 3

3 Blockchain Projects Contains DEX Functionalities

According to CMC, Uniswap has a $5 billion Market Cap. Solana has a $12 billion Market cap as per Coinmarket cap. Platforms for decentralized exchanges (DEXs) are among the essential components of the DeFi ecosystem and are gaining popularity among cryptocurrency users. Uniswap (UNI), Solana (SOL), HUH Network (HUH) are

August 25, 2022 2 mins read

Malaysian Investment Bank Plans to Release All in One Trading App

Kenanga Investment Bank Berhad and China’s Ant Group have agreed to collaborate. This collaboration will allow Kenanga to use mPaaS, a mobile development network. Recent years have seen a meteoric rise in the use of cryptocurrencies. Malaysia is now in the process of developing a super app that incorporates cryptocurrency

August 24, 2022 1 min read

Sullivan Bank and Bakkt Collaborate To Provide Crypto Trading

Bakkt stores its clients’ cryptocurrency in a combination of hot and cold wallets. Founded in 1895, Sullivan Bank is among the nation’s oldest financial institutions. A press release from Bakkt Holdings Inc., a digital asset service provider, and Sullivan Bank announced their partnership to provide bitcoin and other cryptocurrencies to

August 24, 2022 1 min read

Crypto Is Moving More Toward Asia’s Equities, IMF Suggests Regulation

Relationship between the Asian equity market and cryptos has increased, as per IMF. IMF suggests regulatory frameworks to protect the investors. According to a recent blog post from the International Monetary Fund (IMF), the interconnection between the Asian equity market and cryptocurrencies has nearly tenfold increased since the Covid-19 pandemic.

August 23, 2022 2 mins read

 Will US Recession Lead To  Crypto Stagnation?

3% of respondents think a recession in the American economy would never happen. Elon Musk recently predicted, the next recession might last up to 18 months. The findings of a study on the status of the US economy performed by Stifel Financial Corp. (NYSE: SF) last week were released. Between

August 23, 2022 1 min read

Average Transaction Fees of Bitcoin (BTC) Drops Below $1

The three-month decline in network difficulty ended in August. Bitcoin’s average transaction costs dropped to $0.825 on Monday. For the first time in more than two years, Bitcoin (BTC) blockchain transaction fees have dropped below $1.00, further bolstering its use case as a viable mainstream financial system. Having to pay

August 22, 2022 1 min read

South Korea Levies Significant Gift Tax on Crypto Air Drops

Free transfer of assets is considered a “gift” under the Inheritance and Gift Tax Act. In South Korea, a gift tax must be paid on any asset with a monetary value. A new gift tax on airdrops for crypto assets is reportedly being considered by the Ministry of Strategy and

August 22, 2022 2 mins read

Hackers Target Bitcoin ATMs Using Zero Day Exploit

The corporation has urged ATM operators to update their software immediately. The CAS admin interface should be accessible only from trusted IP addresses. On Thursday, hackers used a zero-day exploit to gain access to the servers of Bitcoin ATM maker General Bytes, changing the default administrators to themselves and resetting

August 22, 2022 2 mins read

New Australian Government Opens Up on Crypto Regulations

The token mapping effort aims to be completed by the end of the year. The Treasury will also begin working on some of the other recommendations soon. The Australian Labor Party (ALP) has finally spoken out on its plans for crypto legislation three months after coming into office.”Australia as a

August 22, 2022 2 mins read

Attackers on Ronin Bridge Made Off  $625M Switch Money to Bitcoin

The assets taken from Ethereum have been transferred by Ronin hackers . Most of the stolen funds were first converted to ETH and sent to Tornado Cash. The Ethereum assets that were taken by Ronin hackers have been moved to the Bitcoin network. The hackers who carried out the $625

August 22, 2022 2 mins read