FTX is of the opinion that Bitcoin as a Payments Network
The most popular cryptocurrency uses a lot of energy. The number of machines involved in Bitcoin mining has constantly increased. According to FTX CEO Sam Bankman-Fried, Bitcoin is not an…
Vitalik Buterin Donates $1M Worth Ethereum To Back Dogecoin
Dogecoin slid down to its ATL at the $0.07 zone. Elon Musk calls Dogecoin a “potential currency”. Dogecoin and Shiba Inu are entering into dreadful red zones following the LUNA…
DeFi Lending firm Sees Investor Exit Amid Market Meltdown
The fallout from one of the worst weeks for the crypto industry has yet to be fully realized and the DeFi sector has suffered some of the heaviest losses.Industry analytics…
United Kingdom Court pegged NFTs as ‘Private Property’
Private property status does not extend to what NFT represents. NFTs are treated as property by the Internal Revenue Service in the United States. At the beginning of May, a…
Coinbase Sued by Customers Who Lost Millions to unpopular Crypto Project.
Top US crypto exchange Coinbase is reportedly being hit with a lawsuit for providing trading for GYEN, a coin meant to act as a stablecoin pegged to the Japanese yen.…
Michael Owen attacked for Claims That His Legacy NFT Collection Can’t Lose Value
The former English footballer was heavily criticized for claiming that his new Legacy NFT collection cannot lose value. Earlier this week, former English football star Michael Owen, alongside his business…
About 97% of Cryptocurrency Hacks Were Against DeFi Projects
A big portion of the criminal funds circulated on the DeFi space is linked to North Korea-backed organizations, the report found.Blockchain analyst firm Chainalysis published a new report focused on…
Shiba Inu joins Block Forest For FIFA World Cup 2022 NFT Series
Ethereum whales have emerged as one of the major investors of Shiba Inu. The FIFA World Cup Qatar 2022 Official Sponsor has been revealed as Crypto.com. To commemorate the FIFA…
Zerodha Co-founder Warns Indian Investors of Coinbase
The cryptocurrency market as a whole is experiencing a bad week. The outcome was yet another jab at the crypto sector from Nithin Kamath. Co-founder of Zerodha Nithin Kamath has…
Crypto Trader Sentenced to Three and half Years in Prison for $5 Million Scam
The Coin Signals trader will spend the next 3.5 years in prison for running a fraudulent crypto scheme that solicited more than $5 million from investors.The United States Department of…