Yuga Labs Comes Under Investigation by The SEC for Securities Violations
An investigation is underway against Yuga Labs as a result of its sale of Bored Ape NFTs and distribution of ApeCoins.
Gas Fees For Ethereum Transactions Rockets 80%
A proof-of-stake blockchain was introduced 26 days ago, replacing Ethereum’s previous proof-of-work network. The fees for the upgraded network remained low after that change.
Warning: Hackers use Fake Solana Security Update to Access Crypto Wallets
Password-stealing malware is being spread through NFT airdrops claiming to be Solana Phantom security upgrades, when in fact it is password-stealing malware.
CEO of Banking Giant JPMorgan Warns of a 20% Stock Market Drop
Jamie Dimon, CEO of JPMorgan Global Investment Bank, warned that the U.S. could be in recession within six to nine months. The executive stated that “this is serious stuff” and added that the stock market could fall 20%.
Bitcoin Mining Firm TeraWulf Looks to Expand With Fresh $17 Million in Funding
TeraWulf, a bitcoin miner, raised $9.5 million equity and borrowed an additional $7.5 million from an existing loan. The bitcoin miner recently activated the first 50-megawatt New York building, reaching 1.6 EH/s total operational capacity.
Portugal to Impose Heavy Crypto Taxes on Profits in 2023
After the end of the year, Portugal may cease to be a tax haven for crypto investors as it will no longer be a tax haven.
Hacker Gets Paid Nearly $700k for Returning $2.75 Million
Transit Swap Attack: The main hacker responsible for the attack on Transit Swap has now returned $2.75 Million in stolen funds and received a substantial bounty.
Mining Difficulty for Bitcoin Rockets Reaching a New ATH
Bitcoin’s mining difficulty hit an all-time high on 10.10.2022, making it more difficult than ever to mine the most popular crypto asset.
South Korean Crypto Firm Blockwater Technologies Misses Payment on DeFi Loan
A South Korean investment company received a notice of default on a loan it took on TrueFi, a collateral-free lending platform. The default was non-payment of a due date.
India’s Reserve Bank Set to Test Digital Rupee in Latest CBDC Expansion
There are plans for the Indian central bank to facilitate the test launch of the national cryptocurrency in a pilot program.
