[ad_1] Thieves stole over $100 million worth of non-fungible tokens in the year to July, blockchain research firm Elliptic said on Wednesday, as the fast-emerging digital asset became a new front in crypto’s hacking problem. NFTs are blockchain-based assets that represent digital files such as images, video or text. The market surged in 2021 as […]
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[ad_1] Over 115 million crypto investors in India either hold crypto or have traded crypto in the past six months, accounting for 15 per cent of the Indian population aged 18 to 60 years, as per a new survey by KuCoin, one of the world’s largest cryptocurrency exchange. The survey titled ‘Into the Cryptoverse, India’ […]
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[ad_1] The much-anticipated upgrade of Ethereum will create new participants called builders in the blockchain ecosystem, a move that risks altering the power structure of what is arguably the most commercially important cryptocurrency network. Under the current system, networks of computers known as miners pluck transactions out of a special data pool, and arrange them […]
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[ad_1] The US Department of Treasure has banned the use of Tornado Cash crypto mixer stating that it has been used to launder more than $7 billion worth of cryptocurrency since its creation in 2019. The banning of mixers has resulted in wide outrage against the US government. Privacy advocates call it a tool for […]
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[ad_1] Every time you order food or buy clothing on an e-commerce platform, receiving rewards in either the form of cashback or discount makes you happy. It is a simple win-win scenario for all the parties involved, the merchants see an increase in sales when they offer cashback, and the user gets a cashback in […]
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[ad_1] Chainalysis noted that the trend is not likely to reverse any time soon, given the $190 million hacking of cross-chain bridge Nomad and $5 million hacking of several Solana wallets already in the first week of August. “DeFi protocols are uniquely vulnerable to hacking, as their open source code can be studied ad nauseum […]
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[ad_1] Tether, one of the largest stablecoin has labelled Ethereum’s transition from Proof-of-Work (PoW) algorithm to Proof-of-Stake (PoW) as the most significant moment in blockchain history. This comes a day after USDC stablecoin issuer Circle said that it backs ‘The Merge’. Ethereum’s Merge will soon decrease the blockchain’s energy usage by 99 per cent. This […]
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[ad_1] Days after the Enforcement Directorate (ED) probed WazirX, India’s largest cryptocurrency exchange, the company said that it has no affiliation with any users who indulge in illicit activities. This comes after the ED on Friday said it has seized Rs 65 crore after it found evidence against the company while investigating non-banking financial companies […]
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[ad_1] Hodlnaut, a Singapore-based crypto currency lender and borrower, has suspended withdrawals, swaps and deposits, the company said on Monday, the latest sign of stress in the cryptocurrency industry. The crypto lender also said it would withdraw its application for a licence from the Monetary Authority of Singapore (MAS) to provide digital token payment services, […]
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[ad_1] The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Tuesday banned the popular virtual currency mixer Tornado Cash which, the US government says, has been used to launder more than $7 billion worth of cryptocurrency since its creation in 2019. Tornado Cash (Tornado) is a cryptocurrency mixer that works on […]
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