About $820,000 worth of ether and other cryptocurrencies were taken in the incident. The platform’s website and Twitter page vanished soon after the heist. Many users on Crypto Twitter expressed concern that SudoRare was a fraud, and now the exchange’s developers have apparently pulled the plug. About $820,000 worth of
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.
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
The Ethereum community is publishing a quick application to maintain an advanced security for its Smart contract. So the team connects with ImmuneBytes, one of the leading security consulting companies to upgrade the standards providing credible security auditing solutions! Over recent years, Ethereum network is observing a wide range of
A tragic storm of wild crashes, insolvency crises, scams, lawsuits, and regulatory threats has had a baneful effect on the entire crypto and DeFi space since early 2022. These events shook the crypto community with terror. Sadly, there is no reset button or a forgetfulness potion to wipe those off
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
Bitcoin is now trading at roughly $21,485, down 8.2% on the day. With $201.3M, Bitcoin is the most liquidated asset, followed by Ethereum with $132.7M. Today, the leading cryptocurrency, Bitcoin (BTC), dropped to a new weekly low of $21,344, according to data from CMC, continuing a three-day trend of unfavorable
Ethereum’s much-awaited ‘merge’ is set for around mid-September. In the upcoming days, the ETH price may experience severe short-term volatility. The most widely used blockchain platform, Ethereum, is currently going through a significant transformation. Ethereum’s much-awaited ‘merge’ is set for around mid-September, and will shift from PoW (proof-of-work) to PoS
JP Morgan estimates Coinbase to generate an annual staking revenue of $650M. Coinbase will pause new ETH deposits and withdrawals during the Merge. The Merge, Ethereum’s transition from PoW to PoS, is just around the corner. Thus, the whole DeFi space is gearing up for this upgrade that is scheduled
Currently, over two million users registered for name and lookup services. There have been 2,008,833 ENS names. A new record was made by the Ethereum Name Service. Over two million people have registered for name and lookup services. 2m ENS names created!! 🎉 it took 5 years to get to
