Mon, October 5

Offchain Labs Developer of Arbitrum Acquires Prysmatic Labs

For validating Ethereum transactions, Prysm is used by 41.5% of all node validators. Arbitrum is now the most popular rollup solution on Ethereum. On Wednesday, Offchain Labs, developer of Arbitrum announced that it has acquired Prysmatic Labs. The latter is one of the major software development teams responsible for maintaining,

October 13, 2022 1 min read

Terra (LUNA) Price Surged by Over 20% in 24 Hours

The native coin of the Terra ecosystem, Terra (LUNA), witnessed a more than 20% price surge in the last 24 hours. After attaining an all-time low at the end of August, LUNA’s price increased by over 88% today. Terra (LUNA) was airdropped on May 28 in anticipation of Terra Classic

October 13, 2022 2 mins read

Coin Center Sues OFAC Over Tornado Cash Sanction

Coin Center sees the action filed today as crucial to the protection of users’ privacy. Coinbase filed a federal lawsuit against the US Treasury last month. Crypto policy-focused non-profit ‘Coin Center’ on Wednesday sued the US Treasury Department’s Office of Foreign Asset Control (OFAC), alleging that OFAC exceeded its power

October 13, 2022 2 mins read

Kazakhstan Mandates Licenses For Crypto Miners

The measure was presented in the lower house of Kazakhstan’s parliament. With the new license system comes a new taxation mechanism for crypto miners. One of the most popular places for cryptocurrency miners to set up shop is Kazakhstan, which is why the government there is considering making mining licenses

October 13, 2022 2 mins read

French Cops Use Twitter Crypto Spy To Nab NFT Suspects

According to reports, French police used research by pseudonymous blockchain analyst ZachXBT. To prosecute five persons for stealing $2.5 million in Non Fungible tokens (NFTs) via online fraud. In an AFP story posted by Barron’s on Oct. 12, the suspect fraudsters create a website that tried to portray a service

October 13, 2022 2 mins read

Best Performing Crypto Gainers for the Day

The crypto market volume increased by over 447% in the last 24 hours. Huobi Token surged over 75% within the last 7 days. Following the prolonged bear market and the more than 70% of losses, currently, the global cryptocurrency market is witnessing some recovery. Early today, cryptocurrencies were trading in

October 13, 2022 2 mins read

Sovryn Raises $5.4 Million to Accelerate Building a Global Financial Ecosystem

Sovryn, a company aiming to provide individuals all across the world financial independence and self-determination, has just announced that it has raised $5.42 million in a round of investment headed by General Catalyst. Collider Ventures, Bering Waters, Bollinger Investment Group, and Balaji Srinivasan also participated in the round as investors.

October 12, 2022 4 mins read

UK GDP Shrinks by 0.3% Raising Economic Downturn Concerns

Concerns over a potential economic downturn are sure to rise in light of these figures. According to the World Bank, a severe recession in the global economy is possible. The GDP in the UK has contracted by 0.3%, which is a surprising result. The Office of National Statistics’ monthly estimates

October 12, 2022 2 mins read

Shiba Inu Community Seizes Control of the SHIB Burn Portal

The Shiba Inu team takes over SHIB burn portal operations. Shiba Inu terminated its cooperation with the Ryoshi Vision team. Shiba Inu (SHIB), one of the leading meme-currencies has announced that it has completely taken over the SHIB burn portal and terminated its affiliation with the Ryoshi Vision (RYOSHI) team,

October 12, 2022 2 mins read

Microsoft Teamed With Meta to Initiate New Quest Pro

Microsoft software is currently made available in Meta’s VR. Meta’s Quest is a newly unveil Quest pro-VR headset that enables boardroom connections virtually. Meta platform has collaborated with Microsoft to integrate Microsoft Office 365 into Meta’s virtual reality (VR). On October 11, at Meta’s Connect 2022 event, Microsoft CEO Satya

October 12, 2022 1 min read