The authorities of South Korea confiscated the cryptocurrency holdings of 12,000 people. The locals received charges of tax evasion, and 53 billion won or $47 million worth of BTC, ETH, and other digital assets were seized from them. The Largest Crypto Seizure for Back Taxes in Korean History Following a months-long investigation, the officials in...Read More
The institutional liquid staking provider StakeHound alleged the cryptocurrency security company Fireblocks of failing to protect its wallets. According to the accusations, about $77 million worth of ether was irrevocably lost. The Disappearance of $70M Worth of ETH: Disaster and Damage The Israeli publication Calcalist reported that StakeHound filed a lawsuit against Fireblocks for losing...Read More
Polkadot has now clocked up a year of live mainnet operations, but this summer will mark one of the most significant milestones on its roadmap to date. The Polkadot parachain slot auctions will mark the first time that projects will be able to connect to Polkadot’s central Relay chain, completing its journey to a live...Read More
The effects of the Chinese crackdown on Bitcoin mining continue to harm the network as the hash rate has dumped to its yearly low of below 90 Ehash/sec. This comes just days before the next difficulty adjustment, which is expected to be one of the largest in BTC’s history. Bitcoin Hash Rate Drops to Yearly...Read More
El Salvador has proven to be a pro-crypto country by being the first country to adopt Bitcoin as a legal tender. The question now is, is the country open to various altcoins as well? If so, which altcoin will it choose next. Recently, the founder of Cardano Charles Hoskinson has expressed his interest in bringing...Read More
Cardano, like all other cryptocurrencies, plunged in the aftermath of Bitcoin’s decline to a low of USD 1.00 on May 19. The ADA price surged by 40% to the north as a result of this support before the bears retaliated. Now the bulls must show that the countermovement was not merely technical, but that they...Read More
In the middle of another volatile weekend for Bitcoin, the primary cryptocurrency is up by 11% from the $30K low that was recorded yesterday, and is now facing resistance above $33K. On Friday, bitcoin saw a sharp drop from the $35k price area until finding support at $30k on Saturday. Looking at the following short-term...Read More
Last year turned out to be a record-breaking one in terms of blocked computer cryptojacking attempts for cryptocurrency mining, reported the Russian cybersecurity giant Kaspersky. Although the firm noted it had stopped millions of cases, it also warned people about the potential threats. Cryptojacking in 2020 When an attacker gains unauthorized access to a computer...Read More
After the Saturday bloodbath in which bitcoin dipped to just over $30,000, the cryptocurrency has bounced off and recovered more than $3,000 of value. Most altcoins have also reacted well, with ETH surging to nearly $1,900, and the market cap has reclaimed $100 billion in a day. Bitcoin Spikes Above $33K As it happened during...Read More
If Bitcoin’s fall grom $62,000 to the perilous $30,000 mark seems scary, then buckle up: Some analysts believe it could get even worse… And if conditions remain the same, that is very likely to be the case. The sharp drop from $60,000, the arrival of the infamous death cross, the bad news coming out of...Read More
