Author: Editorial team -CoinShastra
Polygon’s Co-Founder Praises Reddit’s NFT Strategy and Community Engagement
Reddit, the popular social media platform, has been hailed as the only major tech company that has successfully embraced and popularized non-fungible tokens (NFTs). According to Sandeep Nailwal, the co-founder…
Beware of Fake Trezor App: Thousands of Users Potentially Scammed
A US crypto lawyer, Rafael Yakobi, has issued a warning to crypto users about a malicious app that steals funds by tricking users into providing their keyphrase. The app, named…
Malaysia Halts Huobi Global’s Operations as Cryptocurrency Exchange Fails to Obtain Regulatory Approval
The Securities Commission Malaysia (SCM) has instructed Huobi Global, a cryptocurrency exchange, to suspend its operations in Malaysia. This decision was made due to Huobi Global’s failure to register as…
Gate Group Launches Crypto Trading Platform in Hong Kong, Expanding Market Presence
Gate Group, the company behind the popular cryptocurrency exchange Gate.io, has successfully launched a new cryptocurrency trading platform in Hong Kong. This move comes after the company announced its plans…
Bitcoin Is Becoming Illiquid, Signaling Steady Accumulation
The cryptocurrency market has been witnessing unprecedented growth in recent years, with Bitcoin leading the charge. In a recent development, Bitcoin has been showing signs of illiquidity where more and…
El Salvador Engages ‘The Bitcoin Standard’ Author for Economic Strategy Consultation
The National Bitcoin Office of El Salvador has appointed Dr. Saifedean Ammous, renowned author of “The Bitcoin Standard,” to provide consultancy on economic policies. Dr. Ammous’s book, published in April…
European Central Bank Completes Digital Euro Prototypes Ahead of Development Decision
The European Central Bank (ECB) has reached a significant milestone in its exploration of a digital euro by finalizing prototypes and is now poised to make a decision later this…
CoinEx and Huobi HK Enter Hong Kong Market with New Crypto Trading Platforms
CoinEx, a well-established cryptocurrency exchange platform, has launched a new trading platform called BitHK specifically catering to users in Hong Kong. BitHK aims to provide a range of crypto services…
Coinbase Presses Court to Compel SEC’s Regulation of Cryptocurrency Market
Coinbase, a prominent cryptocurrency exchange, has taken an unprecedented step in its conflict with the U.S. Securities and Exchange Commission (SEC) by filing a writ of mandamus in federal court….
Engagement Surge Expected as Sweat Economy Lets Users Decide on Inactive Token Disposition
Sweat Economy, a pioneering move-to-earn project, has initiated a new governance vote through its Sweat Wallet application to address the fate of 2.5 billion idle SWEAT tokens held in inactive…
Coinbase Embraces Canada’s Clear Crypto Guidelines Amidst U.S. Regulatory Challenges
In a recent interview, Coinbase’s VP of International and Business Development, Nana Murugesan, expressed appreciation for Canada’s proactive approach to crypto regulation. As the cryptocurrency exchange giant faces regulatory challenges…
Chinese Television Spot Propels Floki Inu Over 10% Price Increase
Floki Inu, a meme coin, has gained significant attention in China after being featured on the Chinese state television channel CCTV-5 during the broadcast of the World Table Tennis Championship…
Binance Requests Gary Gensler’s Recusal from SEC Lawsuit, Citing Prior Relationship
In a recent development, Binance, the popular cryptocurrency exchange, has called for Gary Gensler, the chair of the United States Securities and Exchange Commission (SEC), to recuse himself from the…
Binance Removes PEPE from Borrowable Assets on Flexible Loan Network
Binance, the leading cryptocurrency exchange, has announced the delisting of PEPE from its Flexible Loan network. As of June 21, 2023, users will no longer be able to access the…
Shiba Inu’s Shibarium Hits 10 Million Transactions: Community Adoption and Token Burn Activities Increase
Shiba Inu’s Layer2 network, Shibarium, has achieved a significant milestone by surpassing 10 million in transaction volume. This milestone reflects the growing adoption and usage of Shibarium among community members…
Navigating DeFi Risks: $21 Million Lost in Hacking Attacks on Platforms
The month of February proved to be a challenging period for decentralized finance (DeFi) platforms, as a series of hacking incidents resulted in losses exceeding $21 million. DeFiLlama, a reputable…
Unveiling the NFT Auction Phenomenon: Bankrupt 3AC Raises $2.5M with Sotheby’s
Non-Fungible Tokens (NFTs) have emerged as a revolutionary concept in the world of digital assets and blockchain technology. NFTs are unique digital tokens that represent ownership or proof of authenticity…
Russia Shifts Strategy, Abandons State-Run Crypto Exchange for Cross-Border Transactions
Russia has reportedly abandoned its plans to create a state-run cryptocurrency exchange and is now considering the use of existing cryptocurrency exchanges to facilitate cross-border transactions. Anatoly Aksakov, the head…
Cathie Wood Bullish on Crypto: ARK Invest Adds to Coinbase and Block Inc. Holdings
Cathie Wood, the CEO of ARK Invest, has continued to invest in cryptocurrency despite recent regulatory actions. After purchasing $21 million worth of Coinbase shares, Wood has now acquired $19.9…
BNB Chain’s ‘Luban’ Upgrade Scheduled for June: Enhancements to Improve Speed and Security
BNB Chain, the main blockchain network of Binance, is set to undergo a significant upgrade known as the “Luban” hard fork. This upgrade, expected to occur at block height 29,020,050…