Major crypto exchanges delist LUNA as price tanked 100%
After nearly 90% loss within a week, several crypto exchanges have begun to delist Terra (LUNA). Binance and Bybit have delisted LUNA trading pairs, and now top Indian exchanges, WazirX and CoinDCX, are beginning to follow suit. LUNA delisted from Indian crypto exchanges Luna, which was trading at around $80 per token as recently as […]
Nearly 400,000 traders lost $1.2 billion after Bitcoin dropped below $27,000
The value of cryptocurrencies lost in the past 24 hours as a result of liquidation skyrocketed to more than $1.2 billion, following the extending downtrend in Bitcoin and the cryptocurrency market in general. Crypto traders lost $1.2B in liquidation Traders are liquidated when over-leveraged and cannot meet margin call requirements due to insufficient balance. Data […]
Korean exchanges warn users against trading LUNA amid price slump
Since this year, Terra (LUNA) has drawn worldwide attention for its status as one of the most powerful cryptocurrencies globally, with its market capitalization growing to become the world’s seventh-largest in March. However, following the crypto’s present downtrend, several of South Korea’s major exchanges have issued cautions about trading LUNA. LUNA’s fall spooks Korean crypto […]
Shiba Inu army burns 324.7 million SHIB
A total of 324,735,210 Shiba Inu (SHIB) tokens were destroyed in the past 24 hours in just about 27 transactions. The idea of burning SHIB simply means the tokens are being taken from the circulation supply and locked in a dead wallet, which is supposed to create somewhat scarcity for the second-largest meme cryptocurrency. Over […]
Polkadot price analysis: DOT faces severe sell-off as price heads to break below $10.8
Polkadot price analysis continues to show bearish signs that only intensified over the past 24 hours. The price is down 12.16 percent over the last day and is now trading just above $10.8.This sell-off comes after a period of consolidation that saw DOT prices trade in a tight range between $12 and $13. However, the […]
Shiba Inu (SHIB) attracts thousands of new holders despite price losses
The number of holders and overall Interest in Shiba Inu (SHIB) has been soaring lately, despite the cryptocurrency market being dragged into a bearish trend this week, with all of the major assets falling. Data from Coinmarketcap showed that SHIB holders have increased over 1.39% over the past 30 days. As of 10th April, the […]
Binance halts UST and LUNA token withdrawals
The price of the Terra (LUNA) cryptocurrency fell 60%, under $25 for the first time since September 2021, as of press time. Following these developments, crypto exchange Binance announced that it was temporarily halting the withdrawal of LUNA and UST, algorithmic US dollar stablecoin. Binance blames network congestion In a statement today, Binance explained: On […]
UST falls to $0.65: Luna’s market capitalization plummets 44%
In less than 48 hours, the USD stablecoin TerraUSD (UST) has lost its dollar peg for the second time. The market price for TerraUSD fell to as low as $0.65 on Monday, losing $0.35. The price of LUNA, its sister token, has fallen by 44% in the past 24 hours, ending at $35. The UST, […]
India plans to impose a 28% Good and Services Tax on cryptocurrency
At the next Good and Services Tax (GST) Council meeting, officials in India are anticipated to look into implementing a 28% tax on crypto-related transactions and services. The top decision-making body on indirect taxes, GST, is scheduled to discuss the future of indirect taxes in their next meeting regarding cryptocurrencies. The council’s legal committee proposed […]
Binance initiates legal actions against fake ads promoters in Turkey
It’s no news that Turkey sees a notable increase in interest in digital currencies. However, this has also drawn the attention of scammers to the local market. Scammers in Turkey have been found to launch numerous billboards advertising fake Binance-themed offerings in an attempt to profit off the exchange’s reputation in the country and at […]
Stellar price analysis: Bullish momentum pushes XLM past $0.37 barrier
TL;DR Breakdown Green candlesticks are dominating the charts in today’s analysis. Stellar price analysis shows a resistance of $0.38. Considerable amount of support is detected at $0.317. As per the latest Stellar price analysis, the bullish uptrend is ruling the market, with a greater number of green candlesticks seen on the chart. Although the past […]
OpenSea confirms phishing attack on its Discord server
A Discord server operated by OpenSea was hacked to promote fraud, according to tweets from individuals and security firm PeckShield. We are currently looking into a potential Discord flaw, so please do not click on any links in the Discord. OpenSea It appears that the access was used to promote a scam NFT mint. The […]
Argentina’s central bank blocks crypto trading from the country’s biggest banks
Argentina’s central bank has blocked the offer of two of Argentina’s biggest banks just a few days after they were permitted to begin crypto trading. The central bank of Argentina (BCRA) has declared a ban on financial firms solely offering crypto trading just days after two of the country’s largest banks announced their intentions to […]
Hackers already bagged $1.57B, more than 2021 record
Crypto investors may be crying losses from their investments amid the general downtrend in the market. However, hackers are winning in the present market condition, as blockchain security firm PeckShield recently reported that the value of cryptocurrencies stolen so far in 2022 has already surpassed last year’s record. $1.57 billion lost to hackers since 2022 […]
Bitcoin SV network suffers 51 percent attack followed by a 5 percent price crash
TL;DR Breakdown In an attempt to destroy the cryptocurrency, a 51 percent attack was attempted on the Bitcoin SV network. The attack was caused a 5 percent crash in the price of the coin. An overwhelming hashing power was released into the network today to gain control. 51 percent attacks are one of the biggest […]
Increasing cryptocurrency thefts call for interference from the police
According to the latest reports, the number of crypto scams and thefts is increasing rapidly. As much as this industry is gaining global acceptance and recognition, more illicit factors are also marking their entry into the industry. Over the course of last year, several million-dollar crypto scams have been reported on different networks and protocols. […]
Crypto scam: Idaho warns traders over new investments
Crypto scam is now one of the most prevalent illicit activities across the financial market as malicious actors continue to take advantage of traders. Although some can be recognized from a distance, other scams would have occurred before knowing it. However, the latest statement from the finance department of Idaho has warned traders to be […]
Saddle Finance suffers a $10 million hack
Scammers and hackers have continued with their onslaught as many platforms continue to suffer from their actions. Analysts have advised major security measures. However, these malicious actors consistently devise new methods to carry out their operations. The recent one saw Ronin network lose more than $600 million in a bridge attack. However, the latest hack […]
South Korean police arrest man who stole $165,000 from CatSle NFT
TL;DR Breakdown A 26-year-old man who allegedly defrauded nine investors of $165k arrested Two South Korean nationals have been arrested for allegedly stealing military secrets. Law enforcement officers in South Korea have reportedly arrested a 26-year-old man who is accused of defrauding at least nine investors of 210 million Korea Won (i.e., US$165,798). In November […]
Indian government to clarify crypto TDS regulation in two months
TL; DR Breakdown Indian government wants to clarify its TDS regulation for crypto traders in two months. TDS mechanism is employed to deter tax invasion and track transactions According to two individuals familiar with the situation, the Indian government will provide clarity on tax deducted at source (TDS) in approximately two months. India to clarity […]
Ronin Network upgrades security following hack
TL; DR Breakdown Ronin Network improves security after hack The hack has been tied to the Lazarus group The firm breaks down the attack Ronin Network, in conjunction with Sky Mavis, has announced that they will be taking initiatives to ensure the security on the platforms is beefed up. This latest announcement is coming off […]
DeFi projects continue their massive growth as markets remain flat
TL;DR Breakdown DeFi projects have seen continued growth in recent times. The top 20 crypto assets have seen a drop in their value recently. DeFi projects have continued their recent bull run while top crypto assets in the industry have recorded a second straight day of losses. According to available data, most of the crypto […]
Fantom’s Deus Finance hacked again for over $13 million
TL;DR Breakdown: Deus Finance has suffered another flash loan attack. At least, $13 million in crypto was drained from the pool. The crypto industry has lost over $650 million so far in 2022. Deus Finance, a decentralized derivatives protocol based on Fantom, has suffered another flash loan attack, just weeks after it lost about $3 […]
New York passes bill to block crypto mining using carbon-energy
Environmentalists won a small victory in New York on Tuesday when the State Assembly passed a bill that seeks to crack down on cryptocurrency mining activities in the state. The Assembly has passed the cryptocurrency mining moratorium bill sponsored by Democrat Anna Kelles. The bill seems to prohibit new permits and expansions for proof-of-work (PoW) […]
On-chain sleuth uncovers hackers behind majority of NFT Discord hacks
TL;DR Breakdown An on-chain sleuth may have found the actors behind the majority of NFT Discord hacks. About 18 hacking incidents in the Ethereum ecosystem resulted in a total loss of $636 million. Thefts through NFT Discord hacks are becoming prevalent in the market. The rise of NFTs has brought with it a new wave […]
Scammers hijacked BAYC’s Instagram page to steal $2.5 million in NFTs
TL;DR Breakdown: BAYC’s Instagram was temporarily hacked by a scammer for a phishing attack on investors. About $2.5 million was reportedly lost in the attack. The Instagram page has been recovered, and Yuga Labs asked to contact affected users. Popular Ethereum NFT project Bored Ape Yacht Club (BAYC) temporarily lost control of its Instagram page […]
Akutar NFT contract permanently locks $34 million
TL;DR Breakdown A single-line of code error led to a permanent lock of $34 million. The Akutar team ignored a red flag from a security specialist. Some critics picked the issue and condemned the team. Akutar held a dutch auction for their NFT drop, but a bug in the smart contract blocked off the minting […]
Senator proposes criminalization of crypto frauds in New York
TL; DR Breakdown Senator wants to criminalize crypto frauds in New York Senator Thomas wants a clear and strict guideline The bill is undergoing review The prevalence rate of fraud in the crypto market is now at a scary pace, pushing all concerned individuals to seek solutions. Some weeks ago, the Ronin bridge was hit […]
Ronin Network hackers have cashed over 28k Ether (ETH)
TL; DR Breakdown Ronin Network was hacked in March 2022 and over $615 million worth of ETH stolen The hackers have cashed in over 28,000 ETH so far. Over a month ago, hackers exploited the Ronin Network, the sidechain created to scale Axie Infinity, and stole over $615 million worth of ETH. The hackers has […]
Ripple’s progress in ongoing SEC case boosts their confidence in winning
TL;DR Breakdown Ripple’s progress so far in the case against SEC boosts their confidence in winning the regulator. A win for Ripple is a win for the crypto industry. The CEO of Ripple, Brad Garlinghouse has given a powerful impression with the ongoing case that was presented in court against the US Security and Exchange […]
No DOGE payment: McDonald teases crypto investors over market dip?
Brisbane-based crypto exchange Swyftx has penned a major three-year sponsorship deal with the Australian National Rugby League (NRL). Swyftx is registered in Australia and New Zealand and offers trading services for around 300 digital assets. The firm was founded in 2018 and the NRL deal marks another major milestone for promoting the local crypto and […]
HP servers hijacked to mine $110,000 worth of cryptocurrency
TL; DR Breakdown A set of HP nodes were hijacked and used for Raptoreum crypto mining. The thieves mined up to $110000 of Raptoreum during the heist. Cyberpunks broke into a collection of HP systems belonging to an unnamed enterprise. They seized command of the gear, redirecting it to generate virtual currency. Besides, the cybercriminals […]
Credit card introduced by Gemini crypto exchange in the United States: Venturing into digital currency ecosystem
TL;DR Breakdown Gemini Credit Card may earn users rewards in Bitcoin, Ethereum, and other cryptocurrencies. Access to the digital currency ecosystem. A credit card service that may be used to purchase and store cryptocurrencies has been launched in the United States by Gemini, a cryptocurrency exchange established by the Winklevoss twins and operated by the […]
Ronin Network hacker moves over 25,000 ETH to Tornado Cash
TL;DR Breakdown: Ronin Network hacker has moved another batch of stolen ETH to Tornado Cash. The hacker currently has a balance of 147k ETH. Sky Mavis raised $150 million to refund affected users. The latest transaction on the wallet address involved in Ronin Network attack shows that the hacker has moved yet another set of […]
Chainlink price analysis: LINK/USD enters a bullish breakout above $14.0
TL;DR Breakdown Chainlink price analysis shows a bullish trend LINK prices are facing resistance at $14.30 Support for LINK prices is present at $13.0 Chainlink price analysis for today shows a positive market sentiment that has been witnessed after LINK prices opened the daily trading chart trading at $13.04 and closed at $14.19. There has […]
Chainlink price analysis: LINK prices sink to lows of $13.79 as bears tighten control
TL;DR Breakdown Chainlink price analysis is bearish for today LINK prices have sought support at the $13.5 Chainlink prices have dropped by 7.58 percent Chainlink price analysis for today shows LINK prices have been on a downtrend over the past few days as sellers have tightened their grip on the market. LINK/USD fell to lows […]
Terra collaborates with the Avalanche Foundation to grow its crypto reserves
TL;DR Breakdown Terra’s Luna Foundation Guard (LFG) completes the buying of AVAX worth $100 million through UST stable coins. Terraform Labs acquires another $100 million in LUNA for AVAX. The LFG extends and diversifies its crypto reserves Blockchain protocols and organizations tend to make different collaborations and partnerships to expand their reach. This increases their […]
India’s Sushil Kumar Modi calls for 50% tax increase on cryptocurrency returns
TL; DR Breakdown India’s parliament member Modi called for a 50% tax increase on crypto profits. The government recently imposed a 30% tax on crypto returns, which is already affecting the market. Sushil Kumar Modi, a member of India’s upper house of parliament and a member of the governing Bharatiya Janata Party (BJP), called for […]
Sky Mavis looks into Ronin Network’s $650 million crypto theft
TL;DR breakdown Sky Mavis says it is investigating the recent crypto theft on Ronin Network. Over $600 million was reportedly drained from Ronin by hackers. Sky Mavis, the Vietnamese company behind the popular Axie Infinity blockchain game, announced last week that it is investigating a security breach in the game’s blockchain network (Ronin Network) that […]
Bored Ape Yacht Club suffers a phishing attack
TL;DR Breakdown Bored Ape Yacht Club’s Discord account has been hacked, some users’ money stolen, and the token is already on the market. The Bored Ape Yacht Club has also issued a stern warning to its users, urging them not to remove anything from the official Discord channel. Taiwanese musician Jay Chou has lost more […]
