Archive for May 2022
South Korea Sets Up Digital Asset Committee, Fast Tracks Crypto Regulation Efforts
South Korea aims to form a digital asset watchdog by June, according to local media sources. The committee will oversee regulation of the space until the government is able to draft basic laws on digital assets. South Korea Launch Crypto Watchdog The committee will be unveiled during the last week of June, according to a…
Read MoreGlassnode: Bitcoin Market Behavior Has Now Returned To Strong Accumulation
Latest data from Glassnode shows investors in the Bitcoin market have shown strong accumulation behavior recently. Bitcoin Holders Show Strong Accumulation For First Time In Months As per the latest weekly report from Glassnode, the BTC accumulation trend score has shown a value of more than 0.9 in the past couple of weeks. The “accumulation…
Read MoreTezos Generative NFTs Features At Art Basel Hong Kong 2022
International Art fair staged by Art Basel Hong-Kong stay ahead supporting the digital art of work. In Its 2022’s exhibition, held from May 27 to 29, the event mainly brought Non-fungible tokens (NFT) and generative art forms to light. The collection of digital artwork was minted on energy innovation blockchain, Tezos. The exhibition named ‘NFTs…
Read MoreIndia Is Working With IMF On The Crypto Regulation Paper
The Indian Government reportedly will decide and finalise the crypto consultation paper. This consultation paper will comprise inputs from other stakeholders and institutions such as The World Bank and The International Monetary Fund. This will then be sent to the federal government. The idea or the motive behind establishing the document is to ensure that…
Read MoreDeFi Built On Terra Succumbed To A $90 Million Exploit, Goes Unnoticed For Seven Months
Mirror Protocol, a DeFi application built on the old Terra blockchain, was attacked by a $90 million exploit in October 2021, and it remained entirely undiscovered until last week. The attacker was able to unlock collateral from the protocol multiple times while just paying a little fee each time. Terra’s DeFi Attacked Seven Months Ago…
Read MoreDogecoin Co-Creator Slams Elon Musk, Calls Him A ‘Grifter’ Who Can’t Code
Many people might be smitten with Elon Musk on Twitter, but one of the co-founders of Dogecoin is not. Jackson Palmer criticized the Tesla and SpaceX big boss, who has frequently endorsed the meme currency on social media, resulting in a large increase in its value in recent months. In an interview with media outlet Crikey, the…
Read MoreChina Plans To Airdrop Digital Yuan To Boost Its Pandemic Hit Economy
China’s City of Shenzhen has decided to airdrop 30 million digital Chinese Yuan (e-CNY) in red envelops with the help of a lotter program. This move will be introduced in order to revive consumer spending amidst a pandemic hit economy. This airdrop will be directed towards the local residents in attempts to revive economic conditions…
Read MoreEthereum Transaction Fees Near One-Year Lows, Good News For Price?
Ethereum still boasts one of the highest transaction volumes in the crypto space but recently, the blockchain has been seeing a decline in its transaction fees. The fees decline significantly which has been a welcome development for users of the network. However, this decline has sparked concerns regarding what types of effects it could have…
Read MoreBitcoin Breaks Past $30K As Crypto Market Cap Sees $60-B Inflow In 24 Hours
Since November 2021, when it reached a record peak, the market capitalization of all cryptocurrencies has decreased by more more than $1.5 trillion, with Bitcoin shedding more than 60 percent of its value in just six months. According to data from CoinMarketCap, the Bitcoin price increased by more than 10 percent in the last 24…
Read MoreHackers’ Phishing Attack Cuts Off Moonbirds NFTs Worth $1.5 Million
Despite the place of security in the crypto space, there have been some hacking events once in a while. One of the newly victimized assets is the Moonbirds NFTs. Cybercriminals recently use phishing attacks as their portable weapon to reap off their victims. They always mask the links and messages they send to their innocent…
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