Sun, October 4

2X Price Surge in Terra Classic (LUNC) Within a Week

Terra Classic (LUNC) has increased more than 70% during the past week. LUNC is currently trading around $0.0003183. The Terra Classic (LUNC) witnessed a significant price surge in the past few days, following the recent announcement from the Binance exchange, regarding the Terra Classic burn mechanism. In the last week,

October 3, 2022 2 mins read

Coinbase Users With U.S Bank Accounts Face Major Outage

Coinbase has labelled the problem with U.S. bank accounts as a “Major Outage.” The corporation has acknowledged the problem and says a remedy is on the way. Transaction issues plagued Coinbase users on Sunday morning who had linked U.S. bank accounts. The corporation has acknowledged a problem with “ACH withdrawals,

October 2, 2022 2 mins read

Nexo Clarifies Over $153M Worth Wrapped BTC Withdrawal

Earlier, officials in Kentucky claimed that Nexo was insolvent. Nexo created three loans and sent $530 million to MakerDao. A cryptocurrency wallet address identified as NEXO 0x8fd withdrew 7,758.8 Wrapped Bitcoin (wBTC) from MakerDAO. At the time equivalent to almost $153 million. This is only days after market experts forecast

October 2, 2022 1 min read

Crypto Exchange WazirX Lays Off Roughly 40% Staff

According to sources, 50-70 of WazirX’s 150 workers were let off. The whole public policy and communication staff had been terminated. As a result of the global economic slowdown, the cryptocurrency exchange WazirX in India has had to lay off roughly 40% of its workers. According to sources, 50-70 of

October 2, 2022 1 min read

VeChain Q2 Financial Report Reveals $535M in Crypto Reserves

There are $535 million in $BTC, $ETH, $VET, and stablecoins in VeChain’s vaults. VeChain has expanded its network to include UCO Network and TruTrace. The second quarter financial report for 2022 has been released by the VeChain Foundation. There are a total of $535 million in $BTC, $ETH, $VET, and

October 2, 2022 1 min read

Hackers Steal $21 Million From DeX Aggregator Transit Swap

Peckshield provided a flowchart to illustrate the movement of the stolen assets. Transit Swap thanks its customers for their patience and faith. About $21 million was stolen from the multi-chain decentralized exchange (DEX) aggregator Transit Swap after a hacker took advantage of a flaw in a swap contract. The company

October 2, 2022 1 min read

U.S Senator Opposes CBDC Introduces ‘No Digital Dollar Act’

Powell indicated this week that it would be at least two years for CBDC. The Senator spoke in favor of hard currency. Many governments across the globe are turning towards CBDC, otherwise known as Digital currency. On Thursday, a Republican senator from Oklahoma, James Lankford, announced that he introduced legislation

October 2, 2022 1 min read

Monthly Fees Mandated on Crypto Firms in Uzbekistan

The law by the country’s primary crypto regulating authority is now in effect. The lowest cost, $135, will go to the custodial service providers. Uzbekistan authorities recently passed a bill mandating cryptocurrency corporations pay into a separate fund. The law, proposed by the country’s primary crypto regulating authority, is now

October 2, 2022 2 mins read

Kazakhstan’s Crypto Miners to Acquire Electricity From Russia

Mining companies in Kazakhstan will allow using the Russian power supply for their activities. Due to electricity shortage, almost 200 firms were shut down in Kazakhstan last year. Russia is prepared to provide Kazakhstan with the extra electricity needed to operate the nation’s crypto mining plants. With the assistance of

October 2, 2022 2 mins read

NFT Marketplace OpenSea Relists Azuki NFTs After Delisting

OpenSea had to cope with an email data breach and the delisting of BAYC NFTs in June. Azuki’s floor price hardly budged from the time of the delisting fiasco. Many of the Azuki NFTs that were delisted yesterday on the leading NFT marketplace OpenSea have been reinstated. After the marketplace

October 1, 2022 1 min read