Music in the Metaverse creates social and immersive experiences for users
Music is becoming a key feature in the Metaverse, but will challenges hamper adoption? Go to Source Powered by WPeMatico
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$4K Ethereum by July? ETH price posts fastest recovery to date from 50% drawdown
ETH price may have bottomed in January following its sharpest rebound to date in a bear market. Go to Source Powered by WPeMatico
No precedent: IRS court settlement doesn’t clarify crypto staking taxes
There is yet to be a conclusive court ruling regarding the taxation of staked crypto rewards; however, a recent case demonstrates industry progression. Go to Source Powered by WPeMatico
Is Shiba Inu overheating after SHIB price gains 75% in two weeks?
One analyst suggests shorting the ongoing SHIB price rally brings “excellent opportunities.” Go to Source Powered by WPeMatico
Chainalysis report finds most NFT wash traders unprofitable
Findings from Chainalysis shows the NFT space to be prone to wash trading, but most traders are not profiting. Go to Source Powered by WPeMatico
Jump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit
On February 2, 2022, the Wormhole Network’s ethereum ↔ solana bridge was exploited for 120,000 WETH (wrapped ethereum) worth $320 million and the following day, the team explained that “all funds have been restored and Wormhole is back up.” The team has also said a “detailed incident report” will be published soon. Wormhole Network Returns, … Read more
Web3 developer growth hits an all-time high as ecosystem matures
Web3 developer growth hit an all-time high in 2021, yet challenges lie ahead for new developers flooding the space. Go to Source Powered by WPeMatico
The US Federal Reserve is making some analysts bullish on Bitcoin again
Recent U.S. economic data could spoil the Fed’s hawkish plans for 2022. Go to Source Powered by WPeMatico
Wormhole Network’s Cross-Chain Bridge Exploited for Over $250 Million in Ethereum
Reports indicate that the Wormhole Network’s ethereum ↔ solana bi-directional bridge has been exploited by an attacker for 93,750 ether or more than $250 million using today’s ethereum exchange rates. The developers behind the Wormhole Network have told the public the network is “down for maintenance,” as the team “looks into a potential exploit.” Wormhole … Read more
Major crypto exchanges eye Asian market amid growing regulatory clarity
Crypto adoption is expanding apace across Asia, with major global exchanges inking partnerships and making acquisitions on the continent. Go to Source Powered by WPeMatico
