Crypto is ripe for manipulation and fraud without proper regulation: Actor Ben McKenzie
Actor Ben McKenzie and Jacob Silverman, The New Republic, join ‘Crypto Night in America’ to discuss why celebrities promoting … source
Cross-Chain Crypto Platform Hacked for Staggering $320,000,000 Worth of Ethereum (ETH)
A Solana-based blockchain bridge has been hacked to the tune of $320,000,000 worth of leading altcoin Ethereum (ETH). Wormhole, a cross-chain platform that allows users to transfer crypto assets between different blockchains, took to Twitter to confirm the hack to its 41,000 subscribers. “The Wormhole Network was exploited for 120,000 Wrapped Ethereum (wETH). ETH will
Jump Crypto replenishes funds from $320M Wormhole hack in largest-ever DeFi ‘bailout’
On Thursday, Jump Crypto, a crypto venture capital firm that owns Certus One, the developer of the Wormhole token bridge, announced it had deposited 120 thousand Ether (ETH) into a Solana-Ethereum bridge that suffered a devastating exploit. The day prior, hackers fraudulently minted 120 thousand wrapped Ether (wETH) worth $321 million on the Solana (SOL)
Immutable X (IMX) price soars after GameStop partnership and new project launches
Nonfungible tokens (NFTs) continue to be one of the hottest sectors of the cryptocurrency market in 2022 despite the overall multi-month weakness seen in Bitcoin (BTC) and other large-cap crypto assets. One project that has benefited from the persistent bullishness in the NFT space is ImmutableX (IMX), a layer-2 scaling solution for NFTs on the
Gamestop partners with Immutable X for NFT marketplace, announces $100M grant for creators
On Thursday, iconic brick-and-mortar video game retailer GameStop announced a partnership with layer-2 nonfungible tokens, or NFTs, Ethereum (ETH) scaling solution Immutable X to develop GameStop’s upcoming NFT marketplace. GameStop will utilize Immutable’s technology for trading and minting NFTs. We’re thrilled to announce that @Immutable is taking another leap forward in the gaming & blockchain
OpenSea monthly volumes top $5B as NFTs continue to mainstream
In the last two weeks, Azuki, Bored Ape Yacht Club, CloneX and Mutant Ape Yacht Club have seen significant increases in floor prices and total sales volume. Over the last seven days alone, all four projects have generated an estimated $365.9 million in value, according to data from OpenSea. While the crypto market is steadily
Extreme weather conditions forces crypto miners to halt operations
Bitcoin miners in Texas are downing tools for some days due to the anticipated extreme weather conditions expected to hit the state this week. Miners in Texas shut power According to a Bloomberg report, one of the biggest crypto miners in Texas, Riot Blockchain, has revealed that its data center facility in Rockdale has been
IRS signals tax case retreat on staking, but the rules haven’t changed for everyone else
In 2019 Joshua Jarrett earned block rewards on proof-of-stake networks, paid taxes as if those rewards were income, and in line with IRS’ limited guidance on how block rewards should be taxed. However, Jarrett also asked for a refund, arguing that the rewards should be treated as newly created property and therefore shouldn’t be taxed
Web3 developer growth hits an all-time high as ecosystem matures
“Web3” may be one of the biggest buzzwords of 2022, but the idea of creating an entirely decentralized platform to host decentralized applications has long been a vision of the crypto community. While it’s notable that some blockchain companies began building out Web3 applications four or five years ago, the Web3 space has only started
Report: Bitcoin mining carbon emissions contribute nearly 0.08% globally
The new CoinShares report underlines the network’s recent carbon emissions, which amount to nearly 0.08% globally, are insignificant numbers compared to emissions released by other industries and domains. CoinShares’ report also revealed the latest statistics using an estimate from Galaxy Digital that claims Bitcoin mining’s energy consumption is far less than other financial systems such