Finance
In a startling revelation on March 26, 2024, the gaming platform Munchables became the target of a sophisticated hack, leading to a staggering loss of 17,500 ETH, equivalent to $62.5 million. The breach was rooted in the innovative L2 (Layer 2) solution known as Blast, on which Munchables
Finance
South American gold mining company Nilam Resources has declared its intention to purchase a substantial amount of Bitcoin, totaling 24,800 BTC. This ambitious move, indicative of the company’s strategic pivot towards digital assets, reflects a significant investment exceeding $1.7 billion at current market prices. Nilam Resources has
IT
In a noticeable shift within the social media landscape, members of the cryptocurrency community have recently vocalized their desire for Ethereum co-founder Vitalik Buterin to resume active participation on Platform X, formerly known as Twitter. The appeal came after the account owner of Autism Capital highlighted a downturn in Buterin&
Finance
In the bustling city of Taipei, during the ETHTaipei 2024 event, a critical discussion emerged around the potential centralization of Ethereum staking, highlighted by none other than Ethereum's co-founder, Vitalik Buterin. Addressing the audience, Buterin shed light on the emerging issue of 'lazy stakers' who lean
Finance
In a significant development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has intensified its legal efforts to classify Ethereum, the second most popular cryptocurrency, as a security. This move has sparked a flurry of legal actions against various companies, marking another chapter in the ongoing
Finance
In a significant move toward enhancing the regulatory framework around the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has formally requested an additional $158 million in funding for its 2025 budget. This request, aimed at addressing a range of issues, underscores the agency's commitment to
Finance
In a surprising turn of events, the founder of Slerf has incinerated all tokens initially allocated for airdrop purposes, leaving the crypto community in shock. This drastic move came to light through an announcement on X (formerly known as Twitter), where the developer detailed the unfortunate mishap that led to
Finance
Four years ago, on March 16, 2020, the Solana network mined its genesis block, marking the inception of a blockchain that was set to revolutionize the way we think about digital asset speed and security. Since that pivotal moment, Solana has not only generated over 254 million blocks but has
Finance
Berachain, a pioneering blockchain platform, has successfully secured a significant $69 million in funding, achieving a remarkable valuation of $1.5 billion. This investment round saw the participation of leading firms Brevan Howard Digital and Framework Ventures, marking a significant endorsement of Berachain's potential and vision. According to
Finance
The Dutch Central Bank (DNB) announced on March 13th the imposition of a $3.1 million fine on Crypto.com for conducting business without the requisite license. The regulatory authority penalized the cryptocurrency exchange for its unauthorized operations, highlighting the stringent oversight within the Netherlands' financial landscape. Crypto.com,
Finance
In a move that has stirred significant debate within the cryptocurrency sector, the Biden administration has proposed a 30% tax on the electricity consumption of bitcoin mining operations. If approved, these new regulations would come into effect on January 1, 2025, marking a significant shift in the U.S. government&
Finance
In a recent statement that caught the attention of both the financial and political worlds, Donald Trump has articulated his position against the idea of banning bitcoin. Trump, looking ahead to the possibility of reclaiming the presidency, shared his vision for a future where the cryptoasset industry flourishes free from