Token Burn Event: Binance Removes Almost $500 Million Worth of BNB from Circulation
The Binance Smart Chain (BNB) left the cryptocurrency community astounded when it decided to carry out the regular bun of nearly 1.99 million of its native BNB tokens. The burned…
Coinbase Stops Staking Services in Four US States Due to Regulations
Coinbase, a well-known US cryptocurrency exchange, has taken the decision to temporarily pause its staking services in four states. This move is in response to legal actions taken by regulators…
History of Money: Bartering; Fiat to Cryptocurrencies
Money, an ancient and momentous creation of human civilization, holds the distinction of being one of the earliest and most impactful inventions ever conceived. The money that we hold today…
Synthetix Revolutionizes Derivatives Trading with Infinex, Mitigating Counterparty Risks
Synthetix, a decentralised cryptocurrency platform, is taking a significant step to address counterparty risks with its latest initiative, the Infinex derivatives exchange. This new exchange aims to provide a solution…
Celo Blockchain to Transition to Ethereum Layer-2
Celo, a platform focused on devices, is considering a shift to Ethereum Layer 2. This move would enable Celo to take advantage of Ethereum’s security and scalability features while preserving…
Lacoste’s Digital Revolution via The Mission Amalgamates Fashion NFTs and Gaming
Lacoste, the renowned Parisian fashion powerhouse, is embracing the digital revolution by introducing an innovative and immersive gaming experience called “The Mission.” This new venture aims to reshape the interaction…
Arcadia Defi protocol hacked on Ethereum and optimism for $455K
There has been another hack on the Ethereum platform, and this is the third time this year that the Ethereum platform has been hacked. The first being in April 2023,…
Shiba Memu, the new AI-powered cryptocurrency, is the rising star of cryptoverse
Shiba Memu is a new cryptocurrency on the market that has already gained the attention of multiple investors. The reason behind this is that it is the first of its…
SEC claims that Coinbase was aware of the violations of the law
Coinbase was sued by the U.S. Securities and Exchange Commission (SEC) for misconduct for not registering its company as an exchange, broker, and clearing agent on June 6, 2023. According…
Kitboga joins forces with Kraken to defraud the scammers
The number of frauds in cryptocurrency has been rising along with the widespread expansion of the cryptocurrency world. Since cryptocurrency blockchain platforms are decentralized and anonymous, it is easy for…
Ethereum’s new standard to Combat hacks- ERC-7265
As we all know, Ethereum is a blockchain platform that runs smart contracts and due to this, the Ethereum platform is more prone to hacking and other cybercriminal activity. The…
New Crypto bill will be beneficial for foreign residents in Israel
A new bill has been passed in Israel that will exempt foreigners from crypto-taxes. The foreigners residing in Israel could get an exemption on taxes from the sale of cryptocurrencies….
OpenAI’s new team to Tackle ‘Superintelligent’ AI systems
OpenAI, one of the largest Artificial intelligence platforms, has decided to set up a team to tackle artificial intelligence systems that can cause harm to users. OpenAI, the founder of…
NFT’s can now be bought through Twitter’s Inspect Browser Extension
NFT, also known as Non-fungible tokens are a kind of cryptocurrency that enables the holder to identify their ownership of real or digital items. These intangible assets include plots of…
Coinbase returns crypto worth thousands to a stranger
As the saying goes, goodwill is the only asset that competition cannot undersell or destroy. The same thing happened with the cryptocurrency exchange, Coinbase. Coinbase, one of the largest cryptocurrency…
DBS Bank rolls out a new tool for digital yuan users
DBS Bank will be rolling out a set of new solutions for its digital yuan users in China. Also called e-CNY, the digital yuan is China’s central bank digital currency…
Binance hits pause on support to tokens minted on multi-chain project
Leading cryptocurrency exchange Binance seems to be courting controversy yet again after it announced that it was suspending support for withdrawing and depositing many cross-chain tokens that are linked to…
AzukiDAO Votes for “Reclaim” following the Elemental NFT launch
A group of token holders of Azuki Non-fungible coins has voted to return 20,000 ether this week. This was because of the recent Elementals NFT mint that did not go…
Australian regulators conduct searches at the office of Binance Australia
The Binance office in Australia was searched on Tuesday by Australia’s Security and Investment Commission. This recent cryptocurrency news comes as governments worldwide are becoming more and more cautious about…
MicroStrategy Increases Bitcoin Holdings, Controlling 0.726% of Total Supply
MicroStrategy, a prominent publicly traded company and leader in Bitcoin holdings, has once again demonstrated its assertive approach to acquiring Bitcoin. The corporation just disclosed the acquisition of a further 12,333…