South Korean authorities have seized virtual assets worth KRW 260 billion ($182 million) from tax offenders. This, according to a report by Maekyung, a local news outlet. The crackdown is part of the coordinated efforts of the South Korean government to enforce tax compliance in regard to cryptocurrency and other virtual assets. The data submitted byContinue reading “South Korea seizes crypto-assets worth $180M from tax evaders”

Circle, the parent company of USDC, which is the second largest stablecoin in terms of market capitalization, reduced its stablecoins supply by 10%. Will the reduction in the supply have a negative impact on USDT’s future. Or, would this act as a bump in the road for USDC’s race to the top? A glance overContinue reading “USDC running in ‘Circle’s: Is the stablecoin losing out on its top spot “

One crypto-sleuth has claimed that the $160 million hack on algorithmic market maker Wintermute last week was an “inside job.” Needless to say, this has now sparked a brand-new crypto-conspiracy theory across crypto-circles.  On September 20, a hacker used a flaw in a Wintermute smart contract to steal over 70 different tokens, including $61.4 millionContinue reading “Is Wintermute’s $160M exploit an inside job? This sleuth says…”

According to data from analytics platform Santiment, Solana [SOL] reached 1.65 million in NFT sales as of 26 September. This was the highest it stood at in September. However, can Solana’s growth in the NFT space keep SOL afloat? As can be seen from the image below, Solana’s NFT’s volume has been growing steadily overContinue reading “Reasons why Solana NFTs may have something more in store this bear season “

Ethereum [ETH] whales are usually known to invest a significant amount on popular memcoin  Shiba Inu [SHIB]. However, this time around, whales have doubled down their exposure by investing heavily in their DeFI protocol (Bone). Whale tracking website, WhaleStats tweeted on 25 September that Shiba Inu’s BONE was one of the most used smart contracts.Continue reading “Have ETH whales altered their palate to the likes of SHIB’s ‘BONE’s”

Polkadot [DOT] did not have the best of its time last week as it registered only 2.5% seven-day gains. However, the growth was still promising as the entire crypto market struggled to go green. Several positive developments have happened in the DOT ecosystem lately, which might have fueled this increase. One of which is theContinue reading “Assessing the odds of Polkadot’s [DOT] rally this week”

BNB has been one of the top gainers this week in the list of top cryptos in terms of market capitalization. The alt registered 5% weekly gains. Well, the growth also sparked excitement in the crypto community as BNB was among the top five cryptos in terms of the number of searches, as per LunarCrush.Continue reading “BNB’s price and its metrics have an interesting tale for traders”

On 26 September, as per Glassnode, a crypto analytics company, the Coin Days Destroyed(CCD) metric of BTC was at an all-time low. This statistic implied that despite the bearish movement of BTC, long-time holders were staying put and were HODLing their supply. Evidently, long-term HODLers of Bitcoin have renewed faith in the king coin, andContinue reading “Are Bitcoin HODLers, retailers at crossroads over BTC’s future growth”

As the nation increases measures to curb illegal financial flows, Chinese police have dismantled a huge criminal organization reportedly responsible for a 40 billion yuan (US$5.6 billion) crypto money laundering case. In a nationwide law enforcement operation known as “Hundred-day Action,” police in the Hunan province of southern China said on Monday that they hadContinue reading “Chinese police arrest crypto criminals for laundering over $5B”

Since graphics cards can no longer be used to mine a cryptocurrency, Ethereum’s long-awaited switch to proof-of-stake has had an even greater impact on the industry. Following the Ethereum Merge earlier this month, prices for graphics processing units (GPUs) have dropped to their “lowest level ever” in China. According to the SCMP, vendors of graphicsContinue reading “Ethereum Merge impacted this sector the most in China”

Avalanche [AVAX] has been making some noise in the crypto industry as several valuable developments have happened in its network lately. This has grabbed the attention of many traders. For instance, it was recently revealed that AVAX’s transaction count reached an all-time high of 3,916,369 transactions, including all subnets.  Moreover, the amount of gas usedContinue reading “Is Avalanche [AVAX] bull-rally imminent? Here are the possibilities”

Do Kwon, the co-founder of Terraform Labs, is purportedly the subject of a “Red Notice” from Interpol to law enforcement agencies all around the world. In response to charges Kwon is facing in South Korea for the demise of the Terra environment, the international policing group issued the warning, according to South Korean prosecutors inContinue reading “South Korea’s Interpol issues ‘Red Notice’ for Do Kwon- Details inside”