The fines will reportedly triple compared to current rates, while repeated violations will lead to jail time. The Iranian government will increase penalties for the use of subsidized energy in crypto mining. The move marks another step in the tightening of mining regulation in the country that had faced energy shortages in recent years.  On...Continue Reading

Despite its promise to cater to the needs of individual developers, the latest wave of sanctions has forced the open-source platform to even block former employees of sanctioned firms. Major developer platform Github has reportedly blocked more than a dozen accounts of Russian developer’s associated with organizations sanctioned by the United States government.  The sanctioned accounts...Continue Reading

American astronaut Scott Kelly recognizes that blockchain has a lot of potential and believes that it will someday contribute to space development. After celebrities, athletes and politicians jumped into the nonfungible token (NFT) mania, the growing industry has pulled in a veteran astronaut to share his time in space through NFTs. In a Cointelegraph interview,...Continue Reading

The average BTC transaction fee saw a steady decline from an all-time high of $62.788 in April 2021 before coming down. The average transaction fee per Bitcoin (BTC) transaction made a complete 360-degree over nearly two years to settle down at $1.039, a number which was last recorded back in June 2020.  The BTC transaction...Continue Reading

USD runs the show behind the scenes as the Easter weekend sparks pain for Bitcoin bulls. Bitcoin (BTC) starts a new week with all quiet on traditional markets but a storm brewing in crypto. As the Easter long weekend continues for the United States and much of Europe, traders are keenly eyeing whether Bitcoin can...Continue Reading

UST market cap has surged to flip BUSD, however, its trading volumes are still only around one-fifth worth of the Binance digital dollar. The Terra (LUNA) blockchain’s algorithmic stablecoin Terra USD (UST) has flipped Binance USD (BUSD) to become the third-largest stablecoin on the market. UST is a USD-pegged stablecoin that was launched in September...Continue Reading

Hyundai also gave cryptic clues to a possible Metaverse in line with its earlier concept for robots to bridge the real and virtual worlds to enhance mobility. South Korean automobile manufacturer Hyundai announced today, April 18th, that it has partnered with the Meta Kongz NFT project to create a limited collection of 30 NFTs launching...Continue Reading

The firm warned that If an Apple user has enabled automatic iCloud backups of their MetaMask wallet data, their seed phrase is being stored online. ConsenSys-owned crypto wallet provider MetaMask has sent out a warning to the community regarding Apple iCloud phishing attacks. The security issue for iPhone, Mac, and iPad users is related to default...Continue Reading

The stablecoin protocol saw its own governance proposal system exploited enabling the malicious actors to extract all of its $182 million in collateral. Credit-based stablecoin protocol Beanstalk Farms lost all of its $182 million collateral from a security breach caused by two sinister governance proposals and a flash loan attack. The problem for the protocol...Continue Reading

The simultaneous purchase and sale of crypto assets is called wash trading. Read this guide to understand the purpose of a wash trade. Why is wash trading a problem for the NFT space? NFT wash trading is a problem for investors, the global community, collectors and traders because these participants use less liquid nonfungible tokens...Continue Reading