Wormhole Suffers $326 Million Loss in DeFi Exploit

DeFi exploit dominated 2021, and 2022 is already following in its footsteps. This year has recorded a number of crypto hacks  already, and the latest platform to be exploited is cross-chain protocol Wormhole. Yesterday, Wormhole tweeted about a potential crypto hack in their platform, leading to a temporary network shutdown.   The Wormhole team later confirmed … Read more

MicroStrategy Purchases BTC Worth $25M

When Bitcoin was launched many years ago, only few people saw its prospects and bought some coins. Others who bought did so to try their luck. When the price of the cryptocurrency exploded, many people became millionaires overnight. As a result, it became common for people to buy BTC whenever there is a price drop … Read more

Record High OpenSea NFT Transactions Stirs $1 Billion Worth of ETH Burning

Value from NFTs More than $1.096 billion in Ethereum value was burned in the first month of this year, according to data released by Nansen Analytics on Tuesday. A portion of the fees paid is removed from circulation for each transaction carried out on the Ethereum blockchain network, with the EIP-1559 introduced in August 2021. … Read more

Former BoJ Official Advises Regarding Finance Sector Usage of Digital Yen

Hiromi Yamaoka, a retired Bank of Japan (BoJ) worker, is the present leader of a confidential forum of seventy-four corporations working on the establishment of a confidential digital currency. Ex Bank of Japan Official Advice on the Use of Digital Yen  A retired BOJ employee purportedly in charge of the digital currency studies reportedly advises … Read more

Cathie Wood’s Ark Invest Purchases 2.5M Robinhood Stocks

Based on the news published by the BTT account, Cathie Wood’s investments vehicle, ARK Invest, purchased a massive 2,447,100 stocks of the renowned stockbroker as they fell 3.1 percent. As a result, the investment funds boosted its stake in Robinhood, having previously purchased shares. Robinhood’s Stock Plummeted Because of Its Refusal to List Shiba Inu … Read more

Fractally DAO Introduced to Deliver EOS’ 2017 Vision

Renowned software developer and the co-founder of Steem, BitShares, and EOS network, Mr. Daniel Larimer, has unveiled the rebranding of his DAO business. A New Vision is Born In a recent press briefing shared with the media, Larimer made it known that his new venture, which he called “Fractally”, is designed to execute the initial … Read more

$AVAX: Coin Bureau Discusses Why It Went Bullish on ETH Competitor Avalanche

The results of market analysis and cryptocurrency comments are as follows: According to Coin Bureau, an ETH rival is on the verge of breaking into the leading 5 by market valuation. Avalanche’s Token $AVAX, the original cryptocurrency of smart contracts ecosystem Avalanche, possesses a possibility to contend with $ETH becoming a leading 5 cryptocurrency by … Read more

Lawmakers In The US Senate Purchase Cryptocurrencies BTC, ETH, ADA

Globally, society has accepted cryptocurrencies after it was launched several years ago. Currently, crypto is accepted as a means of payment on several platforms and even in some countries.  Reason For Possible Regulation In the United States, there is no regulation guiding crypto usage. The members of the Senate have shown no interest in regulating … Read more