Earlier today, Indian Prime Minister Narendra Modi’s Twitter account “announced” that the country had adopted Bitcoin as legal tender. Now, while there was some surprise and joy in some quarters, as expected, it soon turned out that the PM’s account had in fact been hacked. At around 2:00 am on 12 December, PM Modi “tweeted”Continue reading “India: PM Modi’s ‘briefly compromised’ Twitter account talks about ‘adopting Bitcoin’”

In one of the costliest heists that the cryptocurrency industry has ever seen, a phishing attack had cost the BadgerDAO tokens worth millions of dollars earlier this week. The protocol has now released a detailed analysis of the unauthorized transactions that had resulted in this huge loss of funds. In a ‘Technical Post Mortem’ publishedContinue reading “BadgerDAO reveals cause behind exploit, details recovery plan”

The meme-coin saga that began with the OG Dogecoin long back, took the cryptocurrency industry by storm only this year, with several rival meme- tokens like Shiba Inu now giving Doge a run for its money. However, they have not been able to wane the interest in the king, as a new all-time revenue recordContinue reading “Despite price stagnation, Dogecoin miners surpass $1 billion in revenue”

India’s ongoing regulatory uncertainty regarding cryptocurrencies, has led to widespread FUD in the sector. However, another side of the regulatory narrative has come to the fore amid these circumstances. The Confederation of Indian Industries (CII) proposed that cryptocurrencies and other digital assets be designated as ‘securities of a special class,’ according to local media. The specialContinue reading “India trade association, CII wants crypto to be considered ‘securities of a special class’”

After over a year of infighting among developers, popular decentralized exchange SushiSwap’s CTO Joseph Delong has finally tendered his resignation, according to a tweet by the exec. In the interest of the Sushi Community I am resigning as CTO effective immediately. I very much enjoyed the things that we built together and will look backContinue reading “SushiSwap CTO Delong quits as DEX is ‘imperiled within and without’”

Africa for long has been a significant contributor towards innovation and adoption in the cryptocurrency sector. With several African countries ranking high on adoption indexes, digital assets have emerged as a financial solution for many that had earlier felt left out. Now as the industry evolves within the continent, financial experts are devising what theContinue reading “Africa: Experts believe a common crypto can boost trade & aid economic recovery”

The industry was sent into a dizzy on 4 December when the market recorded a flash crash, one that resulted in many cryptos tanking. While most have resumed recovery since, Ethereum has been especially quick in regaining its losses, far outpacing Bitcoin‘s growth. However, with the altcoin still stuck below $5000, the ultimate goal ofContinue reading “This analyst sees a near 200% upside for Ethereum by year-end”

As the day for SundaeSwap’s much anticipated public testnet launch on Cardano came and went on 5 December, enthusiastic users were greeted with… nothing! Instead, the decentralized exchange’s team informed its followers that the launch has been delayed due to previously unrecognized technical issues, and it should be expected to take place on 6 December,Continue reading “Much-awaited SundaeSwap public testnet launch postponed over technical snafu”

India’s regulatory woes pertaining to cryptos now seem to be easing a little, despite the absence of a clear consensus. Regardless, the threat of private cryptocurrencies being banned has stalled for now, with the banking sector already opening its doors to the crypto-community. In fact, according to a local media report, the country’s Kotak BankContinue reading “India’s WazirX opens account with country’s third-largest pvt. sector bank”

The gold standard was shrugged off by the United States a long time ago. However, the precious metal has remained a primary hedge, not just for personal investors, but also for sovereign funds. While the United States dollar has acted as an exchange standard for most countries since, a depreciation in its value due toContinue reading “How the govt. can ‘hedge against a world where there’s a Bitcoin standard’”

Cardano‘s DeFi ecosystem is slowly starting to take shape, thanks to the network’s Alonzo hard fork earlier this year. The hard fork paved the way for smart contract integration. In fact, its first decentralized exchange, SundaeSwap is all set for its testnet launch later today. These developments have led to an increased interest in Cardano,Continue reading “Despite stagnant prices, Cardano reaches the 1 million wallets staked milestone”

The industry woke up today to the news of Bitmart exchange being exploited to the tune of nearly $200 million in stolen funds through Ethereum and Binance Smart Chain. With exploits becoming commoner and hackers coming up with ingenious ways to install malware, caution is absolutely necessary. Worth noting, however, that mining campaigns are providingContinue reading “Security researchers detect new variant of Monero mining exploit Tor2Mine”