The Rocket Pool X account, linked to the fifth-largest Ethereum DApp, was hijacked by unknown perpetrators on January 17. The attackers disseminated false alerts about a breach in the platform’s smart contracts, misleading users and creating unwarranted panic. Misleading Messages Spur User Confusion The incident unfolded over several hours, and the Rocket Pool X account […]

Co-founder of Polkadot Gavin Wood, took to X earlier on Thursday to tease the release of the Join-Accumulate Machine (JAM) upgrade. This proposal is designed to revolutionize the future of Polkadot.  JAM To Replace Relay Chain Wood unveiled the JAM Gray Paper at the Token2049 crypto conference underway in Dubai, where he provided details about […]

The US regulators’ stringent regulatory actions and intense scrutiny over cryptocurrencies and crypto exchanges have shattered crypto growth and adoption. However, experts believe that the Supreme Court overruling the Chevron doctrine is almost here and will have far-reaching implications for the crypto industry as judges could end or limit the doctrine. John Deaton, an attorney […]

While Tether has been making solid progress with its USDT stablecoin capturing a huge market share, there have been several questions regarding its treasury reserves. Over the last week itself, Tether has flushed the market with an additional $2 billion in USDT coins. Amid the rising demand for the auditing of its reserves, Tether CEO […]

Samson Mow, a prominent figure in the cryptocurrency community, has recently responded to Jamie Dimon, CEO of JPMorgan, regarding Dimon’s critical remarks about Bitcoin. Dimon, a well-respected figure in traditional finance, has described Bitcoin as a vehicle predominantly used for fraudulent activities and money laundering. This statement has led to a significant debate among experts […]

Investors are closely monitoring the Cardano (ADA) price as it navigates recent turbulence in the crypto market. Today, as broader crypto assets show signs of recovery, the Cardano price has also surged following the trend and reflecting growing investor confidence.  Notably, amid this, prominent crypto analyst Ali Martinez has provided an optimistic forecast for ADA, […]

Bitcoin mining has taken a severe hit in the state of Texas as it grapples with extreme weather conditions. A drop in temperature has resulted in mining centers not being able to use enough power for a significant level of hash rate. Texas sees Bitcoin mining slow down amid power crunch The hash rate of […]

The rise in United States debt has spurred inflow into Bitcoin (BTC) and Gold as investors look to hedge against inflation and macro factors. A new Reuters report shows concern about the country’s fiscal path leading to an increase in the price of Bitcoin. The debt ratio coupled with interest rate payments has taken a […]

In the Union Budget 2022, the Indian Government announced new tax policies for interacting with virtual digital assets or cryptocurrencies in the country. The Central Board of Direct Taxes (CBDT) issued a circular in June 2022, which included various guidelines outlining the tax rules for digital currencies. The “1% TDS on crypto” is the tax […]

Barely one month after talking about the introduction of the world’s first blockchain-based Artificial Intelligence (AI) represented on a smart contract, Internet Computer (ICP) has now hinted at a major evolution in the pursuit. Internet Computer Is Advancing AI Smart Contract Capabilities In an X post, ICP founder Dominic Williams highlighted a massive acceleration of […]