Beanstalk Farms offered a whitehat bounty to exploiters and outlined its plans moving forward should it be unsuccessful in its plea. Beanstalk Farms, a credit-based stablecoin protocol exploited for around $76 million in crypto on April 18, has offered a bounty of 10% if the attackers return the funds.  The offer was posted on the...Continue Reading

Several Indian cryptocurrency projects are planning to move their bases to more crypto-friendly jurisdictions. India’s 30% crypto tax came into law on March 31 and was effective April 1, despite warnings from several stakeholders about its possible ill impact on the budding crypto industry.  As predicted, within just a couple of weeks of the new...Continue Reading

The Aura FAT SPAC listed on Nasdaq and ended its IPO with $115 million in funds after finishing an over-allotment round. Aura FAT Projects Acquisition Corp. (AFARU), a special purpose acquisition company (SPAC), has closed its IPO on Nasdaq and raised $115 million, with a focus on crypto industry assets. The Cayman Islands-incorporated SPAC raised...Continue Reading

Australian investors will be able to trade its first Bitcoin spot ETF starting next week when the Cosmos Asset Management Bitcoin ETF launches on ASX Clear. Financial regulators have greenlit Australia’s first Bitcoin ETF to begin trading on April 27 and the Australian Financial Review reports it could see up to $1 billion in inflows....Continue Reading

“We’re nearing the end of a chapter and the beginning of the next — one driven by community ownership and governance,” noted Optimism. The native token prices from multiple projects that employ Ethereum Layer 2 scaling solution Optimism have spiked around 20% amid rumors that the network will soon launch a token and airdrop it...Continue Reading

A surge in ransomware in 2021 has also resulted in a surge in Monero usage as the method of payment as more criminal groups want only XMR. A new report by blockchain analytics firm CipherTrace highlights the growing role that privacy-focused cryptocurrencies such as Monero are playing in the rising tide of ransomware. “Current Trends...Continue Reading

The U.S. Secret Service says the immutable and transparent aspect of the blockchain ledger allows the agency to track transactions made by criminals easier than cash in some cases. A top official from the U.S. Secret Service (USSS) says the agency can track the flow of Bitcoin and other cryptocurrencies in a similar manner to...Continue Reading

The streaming service’s stock price took a major hit after releasing disappointing user numbers, making some in the crypto community cry foul at the volatility. The stock market has once again made crypto look stable by comparison with the Netflix (NFLX) stock price dropping 25% in after-hours trading tod. The news that sparked the dramatic...Continue Reading

The number of ADA wallets has increased by 100,000 since March 22, with the total figure standing at 3.268 million as of April 19. Activity on the Cardano (ADA) blockchain is starting to heat up, with 400 new projects in the works, along with 100,000 new wallets being created over the past month. According to...Continue Reading

Like DeFi in 2020, gaming is considered by many to be the next major growth play for the blockchain industry in 2022. Crypto-focused venture firm Framework Ventures has raised $400 million in new funding to invest in early-stage companies across the Web3, blockchain gaming and decentralized finance (DeFi) industries.  The completed raise will go towards...Continue Reading