On the back of LUNA and UST’s collapse in May, hacktivist collective Anonymous has vowed to “make sure” Terra Co-founder Do Kwon is “brought to justice as soon as feasible.” On Sunday, a video allegedly made by the hacker collective Anonymous rehashed a long list of Kwon’s alleged wrongdoings. This includes withdrawing $80 million perContinue reading “Anonymous threatens Terra’s Do Kwon with ‘justice’ in new video”

The decentralized Ethereum scaling platform ticked off its first sustainability milestone by achieving carbon neutrality this week. By investing $400,000 in carbon credits, Polygon is now one step closer to becoming carbon negative. With credits equivalent to 104.794 tons of greenhouse gases, the network has successfully settled its CO2 debt since inception. Triggered by thisContinue reading “Carbon neutrality takes Polygon’s MATIC to the green”

Binance.US, following in the footsteps of Robinhood, which launched no-commission cryptocurrency trading in 2018, has eliminated trading costs for Bitcoin spot market deals. According to Brian Shroder, CEO of Binance.US, the decision makes it the first cryptocurrency exchange in the United States to do away with spot trading fees for Bitcoin for all users, regardlessContinue reading “Could Binance’s fee-free Bitcoin trading update just be the beginning?”

Despite facing the music over the Terra fiasco, Do Kwon seems to be quite optimistic about the future. The CEO of Terraform Labs recently expressed “great confidence” in rebuilding the empire that crashed last month. Notwithstanding the crypto-market’s recent bearish trajectory. Despite running into trouble with furious investors in loss and multiple government investigations, DoContinue reading “Do Kwon roots for a ‘stronger’ Terra comeback despite…”

According to a recent report by blockchain analytics company Elliptic, Dogecoin is becoming more and more linked to illegal activity. This includes Ponzi schemes, terrorism funding, and child sex abuse material (CSAM). According to the report, the meme coin has become increasingly popular as a means for payment. The crypto-asset has grown significantly in popularityContinue reading “Why a hike in Dogecoin [DOGE] adoption doesn’t tell us the whole story”

The first week of June saw the start of a sell-off phase in the cryptocurrency market, with most cryptocurrencies seeing a 4-year low. The deteriorating market conditions have also harmed the profitability of Bitcoin mining, prompting miners to sell their BTC holdings. According to recent statistics from Arcane Research, public Bitcoin mining companies sold allContinue reading “Here’s how Bitcoin miners are really dealing with market pressure”

Canadian cryptocurrency mining business Bitfarms has sold more than $62 million in Bitcoin in June, using the proceeds to settle its debt. About 3,000 Bitcoins, or roughly 47% of Bitfarms’ total holdings of about 6,349 BTC, have been sold in the preceding seven days, according to a statement released on Tuesday.  According to the company,Continue reading “Bitcoin: The cost of maintaining this firm’s HODL strategy? 3K BTCs…”

Iranian authorities have announced that crypto-miners operating in the country will be cut off from electricity by 22 June. According to a report in the Tehran Times, the government has decided to ensure that citizens have enough electricity. Mostafa Rajabi Mashhadi, a spokesman for the Iranian Energy Ministry, indicated that the Asian country expects aContinue reading “Crypto-miners in Iran face blackout fears after latest diktat”

MicroStrategy’s bank account now holds 129,218 Bitcoins. In fact, some believe the firm may be obliged to liquidate or pledge a significant portion of its Bitcoin reserves as collateral as a result of Bitcoin’s price fall. Microstrategy’s CEO Michael Saylor claimed on Tuesday that the company does not expect to get a margin call. HeContinue reading “MicroStrategy pushes away Margin Call rumours”

The volume of NFT trades has increased over the last 24 hours as crypto-markets plummeted. With the floor prices of several prominent NFT collections falling too, investors have been snapping them up on the cheap. Top NFT projects such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Crypto Punks, and Sorare haveContinue reading “A new kind of hike for NFTs over the last 24 hours”

While it is one of the world’s biggest crypto-exchanges, it would seem that Coinbase is not immune to the market’s downturn either. According to a blog shared by CEO Brian Armstrong, the exchange will be taking the “difficult decision” to slash the workforce by 18%. Citing “rapidly changing economic conditions” and the “need to controlContinue reading “After BlockFi, Coinbase cuts workforce by 18% as CEO admits to over-hiring”

On 2 May, ApeCoin DAO, a governance system that protects ApeCoin holders’ democratic rights — a digital asset linked to the Bored Ape Yacht Club ecosystem — published an official proposal. It discussed whether the asset should stay on Ethereum, migrate to a layer-2 alternative, or consider chain migration. The final findings suggest that 53.59%Continue reading “To Ethereum or not? Here’s what the ApeCoin community is deciding”