Why is the St. Louis Fed Tracking the Price of Eggs in Bitcoin?

The Fed tracks the price of eggs in Bitcoin to get an idea of inflation. When the St Louis Fed tried to find out how many eggs you could buy with Bitcoin, the answer was more than...

The UK Actions Plan to Become Crypto Hub

The UK are going to test blockchain technology in traditional finance operations, from stock trading to bond settlement. Their goal is to establish the UK as a major crypto hub. Ac...

Binance Fires Back at Reuters' Money Laundering Allegations

Binance has responded to reports that it is being investigated for money laundering. Binance has denied Reuters' allegations, calling them false and created by people with ulterior...

Indonesian Crypto Exchange Pintu Raises $113M in funding

Indonesian exchange Pintu has raised $113M in funding to meet the growing demand for crypto in Indonesian crypto exchange Pintu raised $113m in a Series B funding round. It was led...

The Draft Crypto Bill Unveiled

The draft bill will be out on the 7th of June in 2022. The bill is designed to make crypto regulations more clear, while also providing a globally accepted classification of digita...

Gold Coast Mayor Could Accept Cryptocurrency For Tax Payments

A mayor of Australia's Gold Coast has suggested that crypto could be used as a payment option for taxes. Although the price of Bitcoin and other cryptocurrencies is volatile, Gold...

New Japanese Law Could Allow Seizing of Stolen Cryptocurrencies

A new law may allow police to seize stolen Bitcoins. The current law doesn't have a procedure for law enforcement to seize illegally obtained crypto from criminal organizations. Ja...

The Layer 1 Elrond Network Got Hacked

Over $1.65 million worth of tokens were stolen from the Layer 1 Elrond network and then dumped on the market. This caused the price of EGLD to crash by 95%. The attack was reported...

Maiar Decentralized Crypto Exchange Taken Offline

The Maiar Exchange, a decentralized exchange (DEX) was taken offline after an attacker used an exploit to steal $113 million worth of Elrond eGold ( EGLD ). Mincu took the DEX offl...

This Week in Crypto—Stack Roundup

Terra 2.0 Launch and the Investigation of Its CEO, Do Kwon Luna Classic (LUNC) and Terra Classic USD (USTC) holders were issued 70% of LUNA 2.0 with varying vesting and cliffs, dep...

Quickswap Market Analysis: Is Now a Good Time to Invest?

In Brief The price of Quickswap [OLD] (QUICK) has waned to $67.43, down by -7% over the past week. The broader market is down by -0.6% in comparison. 10 past occurrences of t...

Cryptocurrency Hacking - The Lazarus Group

Eterbase, a cryptocurrency trading platform based in Slovakia, had some of it's funds stolen recently. The hackers opened some anonymous accounts on Binance, so the exchange wasn't...

Indian Terra Investors Face 30% Tax on LUNA 2.0 Airdrop

Indian investors in Terra are being taxed 30% on the LUNA 2.0 airdrop, even though they have made losses. Due to the crypto tax policy in India, those who received the LUNA 2.0 tok...

IOVLabs to Introduce "Everyday DeFi" Initiative on Consensus 2022

IOVLabs is going to unveil a new initiative designed to speed up the adoption of DeFi solutions globally, according to an official announcement. The current solutions for DeFi are...

Solana: Why is SOL Having Such a Bad Time?

Solana: Why is SOL having such a tough time, from network outages to the bear run? The Solana Network was supposed to be an "Ethereum killer". This is because it offers f...

Ant Group Launches New Neobank in Singapore

Ant Group, the company behind Alipay, has launched a neobank in Singapore. Anext Bank has been formed to target small and medium enterprises (SMEs), as stated in a release today. T...

MetaBrewSociety to Offer Voting Rights Over a Brewery Using NFTs

MetaBrewSociety will let investors vote on a brewery via NFTs and DAO The MBS is a group that was formed this year in February by a bunch of NFT investors that also love beer. They...

Remote Roles in Blockchain Offer Flexibility for Women

The co-founder of Alien Worlds believes that remote roles in blockchain offer flexibility for women. McKenna said that blockchain communities are “extremely diverse”, and there are...

Bermuda Could Emerge As a Crypto Hub

The Minister of Economy in Bermuda has said that the island could become a hub for crypto. The decline of crypto could actually help Bermuda's goal of becoming a global hub for dig...

Chipotle Embraces Crypto Payments

American fast food chain Chipotle has recently announced that it will start accepting payments in crypto. American customers of the Mexican restaurant chain Chipotle can now settle...

CBDC to alter monetary policy?

If central banks adopt digital currencies and stablecoins, it could have a big impact on how they deliver monetary policy and the size and composition of their assets and liabiliti...

Abu Dhabi to Provide All Women Living in City Free Crypto Domains

All women living in the city of Abu Dhabi will be provided with a free crypto domain. Abu Dhabi and the Abu Dhabi Investment Office (ADIO) partnered with web3 identity platform and...

32 NFTs Stolen as BAYC and OtherSide Discord Servers Are Compromised

The Discord servers of the Bored Ape Yacht Club (BAYC) and OtherSide were hacked and 32 NFTs were stolen in the process. The community manager going by the Twitter handle @BorisVag...

Could this be the end for Bitcoin (BTC) Mining in New York?

Bitcoin mining in New York could be coming to an end. The New York State Senate approved a bill that includes a two-year ban on certain cryptocurrency Proof-of-Work (PoW) mining op...