The newly launched Polygon play-to-earn cryptocurrency project, Dragoma, has been allegedly rug pulled just a few days after launching. This announcement was made by a high-profile blockchain security company, PeckShield, via its verified Twitter handle. Dragoma Investors Lost Over $1 Million To Rug Pull Crypto enthusiasts have again fallen victims of rug pull via Web3…
An account was created on the micro-blogging platform (Twitter) impersonated as DOGE blockchain company customer support. The Cyber criminals presented themselves as an authentic branch of the blockchain company, functioning mainly to help the blockchain users and holders with technical bugs. DOGE Denies Affiliation with Fake Support On Twitter Following the news that made rounds…
WazirX crypto exchange platform has been tangled in the web of the Enforcement Directorate. The Indian crypto platform was acquired by high-profile exchange platform, Binance a few years ago. However, the exchange platform was raided a few days ago; its assets were seized and frozen by the ED over alleged money laundering charges. The federal…
There are reports that the US SEC has launched a probe into Binance and all crypto exchanges in the United States. The regulator decided to increase the tempo of its oversight functions of the digital assets sector recently. Exchanges Under the Radar A staff member in the office of Senator Cynthia Lummis said the SEC…
Bank of Thailand (BOT) is about to join the list of countries adopting and supporting the use of digital currencies by its citizens. The Central BOT Governor stated that the currency aims to be an alternate way of making and processing payments by its citizen. Launching Thailand CBDC (Central Bank Digital Currency) is a move…
A Senator in the United States, Elizabeth Warren, has shown her opposition towards the digital currency space again. She proposed that the senators should place restrictions on banks related to crypto. Elizabeth has always taken her anti-crypto stance, which she shows at any opportunity. Elizabeth Warren To Severe Banks And Cryptocurrency Relationship The growing and…
Following the reclamation in the cryptocurrency markets in the outgone month, July, cryptocurrencies are embarking on a bullish trend movement. Ethereum Gathering Momentum For A Strong Rebound The leading cryptocurrency by market options, Ethereum, has been predicted to be gathering momentum for a strong rebound in the markets. Ethereum charts and analysis have shown a…
Tiffany and Co., a high profiled jewelry-making company have made its entry into the cryptocurrency space via non-fungible tokens. The company revealed that the necklace and pendant will be based on NFT and the jewelry will be produced in a limited edition. Tiffany’s entry and infusion of jewelry, pendants, and others into the cryptocurrency and…
As the market had anticipated, the Federal Reserve announced a 75 bps interest rate increase. Though some think it might not work. The announcement was made at the meeting of the FOMC on Wednesday. The Seriousness of the Current Inflation It became the largest rate increase by the Feds since 2019. It shows how serious…
Binance liquidity swap is one of the pools with the highest trading volume in the cryptocurrency markets globally. The pool was created in late 2020, and the platform has risen to one of the biggest globally. Binance liquidity swapping platforms offer crypto exchange users the ability to trade and swap their tokens. The clients and…
After months of consultations, research, and review, the United Kingdom law commission has finally put together a framework. The proposed framework has been published by the commission, waiting to be debated and disputed. U.K. Propose Law to Regulate Crypto Property Acquisition The United Kingdom law commission is bent on regulating its cryptocurrency sector, protecting innocent…
The Chief Executive Officer of Facebook, Mark Zuckerberg, announced the renaming of it’s social media platform to Meta in late 2021. He declared his intention of going into Metaverse virtual space and his company would be working on making the virtual world come to reality. The Metaverse space is a virtual world where people can…
