South Korea labels mass-produced NFTs as virtual assets
NFTs considered as virtual assets are eligible to receive interest when deposited to exchanges according to the FSC’s guidelines published in 2023. Go to Source
Month: June 2024
Bitcoin ETFs sucked up 2 months of BTC mining supply last week
In the first full trading week of June, U.S. Bitcoin ETFs acquired almost as much Bitcoin as they did in the entire month of May. Go to Source
Inflation Explained: What It Is and Why It Happens
While many are familiar with inflation, which indicates a decline in currency purchasing power alongside a general rise in the cost of goods and services in an economy, there is a common misconception that inflation is natural. In reality, it is largely driven by an increased money supply, manipulation of interest rates, and quantitative easing … Read more
Base TVL surges to $8B just days after overtaking OP Mainnet
Base has topped Ethereum layer 2 leaderboards by transaction count and has been the most profitable Ethereum scaler for three consecutive months. Go to Source
Orbit Chain hacker moves $48M to Tornado Cash after months of ‘silence’
The cross-chain bridge was exploited for $82 million over New Year’s Eve, with the funds sitting dormant since Jan. 1. Go to Source
Memecoin Mania Not Slowing Down! As Floki, Dog (Runes) And Raboo Continue To Surge!
The memecoin market is experiencing a resurgence, fueled by the rapid rise of tokens like Floki, Dog (Runes), and Raboo. Raboo, in particular, garnered significant attention with its successful presale, raising over $1.6 Million. Analysts predict Raboo has the potential for a 100x surge in 2024, reflecting the growing investor interest in this dynamic sector. … Read more
Weekend Wrap: Loopring $5M exploit, Bitcoin NFT weekly sales bump and more
An attacker exploited Loopring’s 2FA service and made off with over $5 million and the NFT market saw sales rise on the week led by Bitcoin Ordinals. Go to Source
30 Countries Seek to Join BRICS, Russian Ambassador to China Says
Russian Ambassador to China Igor Morgulov disclosed that approximately 30 countries are interested in joining the BRICS economic bloc in an opinion piece published by the South China Morning Post last week. BRICS welcomed five new members in January: Egypt, Iran, the United Arab Emirates (UAE), Saudi Arabia, and Ethiopia. Last week, Russian Presidential Spokesman … Read more
BDAG’s Surge to $30? AVAX Challenges & FIL Growth
Will BlockDAG Soar to $30? BDAG Price Forecast Takes Center Stage as AVAX Targets Resistance Breakthrough & FIL Ecosystem Grows Avalanche (AVAX) is causing a stir as it pushes to overcome key resistance levels, while Filecoin (FIL) is broadening its horizons with the innovative FilOz team at the helm. Concurrently, BlockDAG (BDAG) is garnering significant … Read more
Bitcoin Core’s Latest Optech Newsletter Urges Upgrade to Version 25.0, Discusses New Vulnerability Disclosure Policy
Bitcoin Core’s Optech Newsletter #306 is recommending users to, “to upgrade to Bitcoin Core 25.0 or higher within the next two weeks, with the latest version being 27.0.” A new policy was discussed by several Bitcoin Core project members concerning disclosures of vulnerabilities. Low-severity vulnerabilities will be disclosed about two weeks after a new version … Read more