Written by: ( October 18, 2022 )
In 1992, the Metaverse made its debut in the tech scene with Neal Stephenson’s Snow Crash. This virtual world concept has become reality, growing to become a multi-billion-dollar industry. It is slowly gaining interest from major corporations around the globe, including from Dubai police. Gitex Technology Week was a landmark event when Dubai’s Ajman Police […]
Written by: ( October 13, 2022 )
Cryptocurrency exchange Binance has claimed that $100 million was likely to have been stolen in connection with a hack of its Binance Smart Chain Network. However, the real figure could be more than $500 million. Binance confirmed the hack before the affected blockchain was paused for almost eight hours. The exchange revealed later that the […]
Written by: ( October 11, 2022 )
Portugal is a popular destination for cryptocurrency investors due to its zero tax on cryptocurrency. The government plans to change the policy and remove the protection for individuals who trade cryptocurrencies in the country. Fernando Medina, Portugal’s Finance Minister, presented Monday a draft to tax cryptocurrency gains owned by individuals in the country. This bill […]
Written by: ( October 4, 2022 )
Yesterday, Binance announced that it had begun to burn LUNC (Luna Classic). All LUNC tokens that were collected from trading fees have been destroyed by the exchange, turning $1.8 million worth of the digital currency into rubbish. Luna Classic is the new name given to the Luna cryptocurrency following the implosion and birth of the […]
Written by: ( October 3, 2022 )
Alex Mashinsky, the founder and former CEO of Celsius Network, reportedly took $10 million out of the platform just weeks before the company filed for bankruptcy and froze customer funds. According to the Financial Times, the ex-owner of the cryptocurrency lending company took out the funds in “mid-to-late May” before shutting off customer withdrawals on […]
Written by: ( September 29, 2022 )
The Ministry of Economy of the United Arab Emirates (UAE) has declared the addition of another address in a virtual universe towards its drive into the Metaverse. The third office of the government agency will offer an immersive experience for governments and global enterprises as well as general people to communicate and collaborate, according to […]
Written by: ( September 27, 2022 )
Recently, authorities in China’s Hunan Province busted a criminal group using cryptocurrency to launder $5.6 billion as part of a larger illegal gambling operation. The country has a long-standing ban on all forms of gambling, except in its special administrative region of Macau. It also banned cryptocurrency trading a year ago. Police in Hengyang, located […]
Written by: ( September 23, 2022 )
With the support of the Brazilian tax authority and the Federal Police of Brazil on September 22, the Brazilian Federal Police have launched Operation Colossus’ final stage. This investigation has more than four years of historical background. The authorities have executed over 100 court orders targeting six cryptocurrency exchanges and four forex operators, as well […]
Written by: ( September 19, 2022 )
In the first half of 2022, the number of domains used for cryptocurrency scams has increased by fivefold. Group-IB, an online security company based in Singapore, reported that the number of domains used to welcome YouTube scammers has increased fivefold over the past half-year. These domains have been registered more than 2,000 times. Most of […]
Written by: ( September 16, 2022 )
After a long wait, the Ethereum Merge was completed on Thursday morning. It took place at the Terminal Total Difficulty of 58750000000000000000000, finally moving the network from a proof-of-work (PoW) to a proof-of-stake (PoS) mechanism. Naturally, the community was thrilled about the upgrade. Vitalik Buterin, Ethereum founder, took to Twitter to celebrate the milestone. Since […]