Sun, October 4

Creditors of Voyager Digital File Petition Over Retention Proposal

Voyager Digital filed an application with the United States Bankruptcy Court. The creditors of the exchange, however, did not agree with the plan. The Unsecured Creditors Committee of Voyager Digital Holdings has filed a petition objecting to the business’s plan to retain its workers by offering them financial incentives to

August 22, 2022 2 mins read

Samsung Securities Plans To Open Crypto Exchange in South Korea

Only two of the seven companies were uncovered by the research. Mirae Asset Securities has launched a new division under its sister firm. From rapidly sketching up a structure controlling the market to exploring a number of different platforms. Several conventional brokerages in South Korea were apparently getting ready to

August 22, 2022 2 mins read

Highly Anticipated Ethereum Merge Would Not Lower Gas Prices

Following the Merge, there will be no discernible increase in transaction speed.  The Merge will render energy-intensive mining obsolete. In a statement published on Wednesday, the Ethereum Foundation made it clear that the planned proof-of-stake transitional update to the network, known as the “Merge,” would not result in lower gas

August 22, 2022 2 mins read

Lending Protocol BendDAO Under Pressure Over NFT Massacre

There are just 15 WETH in the contract at the time of writing. An estimated 15,000 ETH (Ethereum) remains to be paid to lenders. It has been discovered that the Wrapped Ether (wETH) contract used by the lending protocol BendDAO has exhausted its supply. There are just 15 WETH in

August 22, 2022 2 mins 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

Binance CEO CZ Speaks About Trading Jitters on Exchanges

The crypto community on Twitter concluded that CZ was making a jab at FTX. SBF said he would be willing to collaborate with the FDIC in the future. When Binance’s CEO, Changpeng “CZ,” Zhao, heard about the widely publicized problem of trading jitters on other cryptocurrency exchanges, he expressed worry

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

Cardano CEO Kept Strong Passion Despite the Testnet’s Failure

Charles Hoskinson said that Cardano is his greatest passion and that he is not quitting. The CEO stated that they were actively trying to fix the issue. We are all aware that Cardano’s Blockchain testnet is broken and that a significant procedure is underway to fix it. On August 21,

August 22, 2022 2 mins read

Top 5 Cryptocurrency Gainers of the Day

Top 5 cryptocurrencies by an increase in price are EOS, SNX, LDO, AAVE, and NEXO. EOS increased around 17% in the last 7 days. The whole cryptocurrency market experienced a massive crash as a result the top cryptocurrencies fell into the gloomy market. However, the crypto market recovering from more

August 22, 2022 3 mins read