Key Takeaways: The founder of Terra plans to relaunch the network in a new form. The plan is the last shot of the network towards survival. After the recent crash of Luna, the founder of the algod stablecoin, Do Kwon, came up with a revival plan to give the ecosystem the necessary boost. The ecosystem…
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Key Takeaways: South Korea to implement the “Digital Asset Basic Act” in 2024 after the Luna fiasco. The country also has other plans to strengthen policies and adopt strategies to protect the crypto market there. The whole crypto space is familiar with the Luna fiasco. Authorities are alarmed and are in talks to gain control…
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Key Takeaways During a working session on Friday, Finance Minister Fernando Medina affirmed that crypto assets will be taxed in the near future. The Portuguese tax authorities are actively studying situations from other nations in order to make regulatory recommendations. Currently, Portugal considers cryptocurrencies to be a currency rather than an asset, which means that…
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Key Takeaways Bored Ape Yacht Club NFTs are one of the most expensive collections out there. This Bored Ape Yacht Club NFT was mistakenly sold for $200, despite its value of over $200,000. The sale offer was accepted within 3 minutes. A BAYC NFT holder just sold his Ape for USDC 200. But, if you’re…
Key Takeaways The Grayscale Future of Finance UCITS ETF will be listed on the London Stock Exchange, the Deutsche Börse and Borsa Italiana, Trading in the ETF is set to start on May 17. Grayscale Investments, one of the leading digital currency asset manager, announced its first exchange-traded fund (ETF) in Europe. The Grayscale Future…
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Key Takeaways HoneySwap’s FrontEnd was hacked, which has caused transactions to lead to a malicious address. HoneySwap Team identified this problem on May 10th, 2022. Below is a quick overview of this project. Honeyswap is a Multichain DEX and Liquidity Aggregator built by 1hiveorg Bees. It is currently supporting Gnosis Chain and Polygon. How did the Attack occur?…
Key Takeaways Luna DAO project on BNBChain has seen a sharp price drop of more than 99.8% on May 13th,2022. Token Price Crashes According to the information provided by PeckShield, Luna has been rugged after 2,045.6 BNB was transferred into Tornado Cash from LunaDao Scammers, which included 1,500 BNB they used to add liquidity. Below…
Key Takeaways The President announced on Twitter that 32 central banks and 12 financial authorities will Meet In El Salvador on 16th May The meeting will involve discussions on digital economy, financial inclusion, banking the unbanked, El Salvador’s Bitcoin rollout and its benefits in the country. El Salvador President Nayib Bukele took to Twitter to…
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Key Takeaways: The global regulatory community considers creating a joint body to coordinate crypto rules. According to the IOSCO chair, cryptocurrency “has moved up the agenda”. The global regulatory community is now considering creating a joint body to coordinate crypto rules as reported by Bitcoin News. The International Organization of Securities Commissions (IOSCO) met to…
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Key Takeaways: Alan Howard’s crypto startup, Elwood Technologies, announced a $70 million Series A investment headed by Goldman Sachs and Dawn Capital this morning. Fintech firms, asset managers, and other institutional investors use Elwood’s crypto-focused market access and trading platform. It provides a number of services, including API connectivity to a variety of trading venues,…
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Key Takeaways: The Louisiana bill would allow Banks to have custody of Bitcoin and digital assets. Louisiana passed Chapter 22 of Title 6 of the Louisiana Revised Statutes. In 2020, it became the second state, after New York, to pass the Virtual Currency Business Act. To operate in the state, crypto firms must get a…
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The pulse of all authoritative public blockchains like Fetch.ai and Ethereum is smart contract capability. It is an innovation that anchors NFTs, DeFi, Tokenization, gaming, and any other implementation reliant on the distribution and success of the base layer. Yet, in essence, though automated and trustless, smart contracts need to be thoroughly checked before deployment….
Read More “DeFi Protocols Need Thorough Smart Contract Auditing – Here’s Why” »
