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Shido, the layer-1 blockchain platform, witnessed a staggering 94% drop in its native token’s value within just 30 minutes, plunging from $0.007985 to $0.0002967. The tragic collapse came in the wake of a severe exploit detected in its Ethereum-based staking contract. The security firm PeckShield raised the alarm on Thursday
Project SEED, an innovative blockchain gaming ecosystem poised to revolutionize the mobile gaming industry, is set to launch its groundbreaking mobile game ‘Outland Odyssey this August, alongside ‘SEED: GROW’ and ‘SEED: Staking’. With an approach that combines blockchain technology, Free-To-Play & Own mechanics, and community-driven governance, Project SEED aims to
In the ever-evolving landscape of finance and investments, BG Trade has emerged as a trailblazing platform that reshapes real-world assets (RWA) issuance and trading. The company’s innovative approach introduces a groundbreaking concept known as the “Meta-Asset Bridge,” a revolutionary gateway that unifies an array of assets, including stocks, bonds, commodities,
According to a recent ruling from the United States’ highest tax body, cryptocurrency holders are required to include staking rewards in their gross income for the year they were earned. Internal Revenue Service Revenue Ruling 2023-14 was released on July 31. It clarified the tax treatment of profits from staking
In a statement on Tuesday, the Sui Foundation, the organization spearheading the development of the Sui crypto network, clarified that it had not carried out any sales of staking rewards on the Binance cryptocurrency exchange. The purpose of this communication is to share information regarding the tokenomics of the Sui
A recent report by Justin Drake, an Ethereum Foundation researcher, raised an alarming issue. He stated that Ethereum staking exposes users’ IP address information, potentially compromising privacy and security. Drake explained that metadata is utilized to keep track of a wide range of information related to transactions. He emphasized that
Post the Ethereum Shanghai Upgrade, the second-largest cryptocurrency crossed the $2,100 level. Amid this ETH hustle, RPL, the native DeFi token of the Ethereum staking protocol Rocket Pool, spiked 20% in just 12 hours. According to data from TradingView, the RPL/USDT spot hit $53.95 on the largest crypto exchange Binance
The anticipation of Ethereum’s Shapella Upgrade – the simultaneous occurrence of Shanghai and Capella – in a week led to notable 24H price surges in ETH and altcoins related to DeFi staking. Remarkably, ETH crossed the $1,900 level and hit its 8-month-high of $1,920. It spurred the community’s hype to
Following the regulator’s probe into Kraken, the crypto exchange had agreed to settle charges with U.S. Securities and Exchange Commission (SEC) and shut down its on-chain cryptocurrency staking service. The U.S SEC announced on Thursday that, the two Kraken entities ‘Payward Ventures and Payward Trading’ accept to pay $30 million
