Over 12 Billion LUNC Burnt by Community To Boost Burn Rate
On January 9, Terra Casino tweeted that it has burned more than 8M LUNC tokens.More than 4M LUNC tokens were burnt by the validator LUNC DAO in the last 24…
Crypto Payments Platform Wyre Imposes 90% Withdrawal Cap.
Wyre has changed its withdrawal policy to allow for the withdrawal of up to 90%.MetaMask has asked its users to refrain from using Wyre on the mobile aggregator.Just days after…
Ferrari Terminates Collaboration With Crypto Sponsors.
Ferrari lost $55M after terminating collaboration arrangements with Velas Blockchain.The team was not in accordance with the provisions that allow Velas to produce NFT.The Ferrari racing division, known as Scuderia…
Mycelium Liquidity Pool Suffers Loss Due to Issues With Price Feed.
The IP address of the protocol was blacklisted by the Binance API component.The Bitfinex API began publishing very fluctuating prices for the ETH/USDT pair.Mycelium, a Web3 ecosystem comprised of many…
NFT Marketplace SuperRare Lays Off Staff After Over Hiring
SuperRare CEO John Crain claims they made the mistake of overhired.SuperRare collected over $250M in digital art and $3M in artist royalties paid.SuperRare, a Non-Fungible Token (NFT) marketplace, has declared…
Blockchain Association in Singapore Disagrees With Ban on Lending Tokens.
The Blockchain Association has spoken out against this idea, calling it “overly restrictive.”Individuals would be unable to get loans to fund the purchase of tokens if act is enacted.The Central…
Researchers in China claim 48-bit encryption was cracked with quantum computing.
In a scientific paper titled “Factoring integers with sublinear resources on a superconducting quantum processor,” a group of Chinese researchers claimed that they could crack RSA encryptions on phones, data…
Genesis a Crypto Lending Firm to Sack Staffs and File for Bankruptcy.
Embattled crypto lending firm Genesis is reportedly considering filing for bankruptcy. According to a Jan. 5 report by the WSJ citing ‘people familiar with the matter,’ Genesis is mulling a…
Bank of France Governor Demands Compulsory Licensing for Crypto Firms.
François Villeroy demanded stricter licensing standards for crypto firms operating in France.France’s central bank head also highlighted the present turmoil in the cryptocurrency market.François Villeroy de Galhau, the Governor of…
UK’s National Crime Agency Announces New Cryptocurrency Crime Unit.
The inaugural squad would consist of five officers working out of the NCCU.If hired, applicants may anticipate receiving a salary of $48,200 to $52,400 per year.The National Cyber Crime Unit…