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Ethereum Supply Faces Inflationary Phase Due to Dencun Upgrade

It seems that the Dencun upgrade to the Ethereum blockchain in March is to blame for the longest inflationary phase in the quantity of fresh Ether since the Merge in 2022. Since April 14, the total supply of Ethereum (ETH) has increased by more than 112,000 ETH, as reported by

June 26, 2024 2 mins read

Repeated Phishing Attack on Wallet Transfers $600K USDC to Bybit

In a concerning repeat of past events, a wallet labeled “Fake_Phishing189983” has transferred 600,000 USDC to the cryptocurrency exchange Bybit. This same wallet fell victim to a phishing attack 62 days ago, resulting in the loss of $1.58 million, also sent to Bybit. The recurrence of such incidents highlights the

June 21, 2024 1 min read

Binance Completes Tether (USDT) Integration on TON Blockchain

Today, the world’s largest crypto exchange, Binance, announced that Tether (USDT) on the TON blockchain is now live on its platform. This integration allows users to engage in deposit and withdrawal operations using USDT on the TON network. USD₮ on @ton_blockchain is now live on @binance pic.twitter.com/tsYCxybDKx — Tether (@Tether_to)

June 21, 2024 1 min read

Indian Rupee Hits Record Low as Tether Faces Potential Collapse

The Indian rupee dived 0.2% to an all-time low of 83.6512 against the U.S. dollar, surpassing the early low of 83.5750 hit in April, according to the Bloomberg-compiled prices.  The current low was amid continuous foreign fund outflows in the equity market and the strengthening of the greenback. This decline

June 20, 2024 2 mins read

Polygon Launches Governance Hub to Boost Decentralization Objective

With the launch of the Polygon Governance Hub, Ethereum Layer 2 Polygon has made a significant stride in enhancing community ownership and governance. The Aragon Project, a well-known DAO developer, developed the Polygon Community’s governance hub. A community-driven hub and protocol governance contracts makeup Aragon Project’s end-to-end governance solution, according

June 14, 2024 2 mins read

Indian Court Rules Positive for Crypto Trading Amid Regulatory Debates

The Orissa High Court in India recently stated in a Ponzi scheme accusation case, that crypto trading is not illegal. The announcement has pronounced the country’s stand on cryptocurrency amidst recent regulations discussions. According to sources, the case included two individuals who were accused of defrauding people through a Ponzi or

June 14, 2024 2 mins read

UwU Lend Suffers Second Exploit in a Week, Losing $3.7 Million

Beosin and Blocksec, two blockchain security companies, say that $3.7 million was stolen from the decentralized lending protocol UwU Lend today. Security researchers have linked this assault to the same hacker, making it the second flash loan breach of UwU Lend this week. The attacker now has $3.7 million worth

June 13, 2024 1 min read