July Crypto Hacks Result in $266mn in Losses, WazirX Hit Hardest
By Anjali Kochhar In July, the cryptocurrency sector faced a staggering $266 million in losses due to 16 separate hacking incidents, with Indian exchange WazirX suffering the most significant blow. The hack, which occurred on July 18, resulted in WazirX losing over $230 million—accounting for 86.4% of the total crypto losses for the month. The […]
BTC Tumbles to 52-Week Low, El Salvador Minister Unperturbed
BTC fell to a low of $20,950 in the early hours of Tuesday morning but quickly recovered to trade around $22,200 levels, down around 7% in the day
Photojournalist tackles climate change with debut NFTs
Pulitzer Prize-winner Lynsey Addario is using NFTs to raise awareness about climate change. through her debut photo collection, ‘From the Flames.’
Carbon credit standard-setter Verra prohibits blockchain and crypto tokenization
Standard-setting organization Verra announced its intended approach to crypto instruments and tokens that are associated with carbon credits from its flagship Verified Carbon Standard (VCS) Program, the world’s largest carbon crediting program.
JPMorgan sees significant upside in Bitcoin prices, calls cryptos preferred alternative asset
JPMorgan has launched a blockchain network, Liink, that allows institutions to exchange payment-related information and a token, JPM Coin, that enables clients to transfer their dollar deposits despite its CEO’s high-pitched skepticism of cryptocurrencies.
Dubai’s Museum of the Future partners with Binance to launch their first-ever NFT collection
The museum, which launched only a few weeks ago, is already making a significant impact with visitors, with tickets and Museum Future Talks series sold out days in advance.
US Treasury imposes first-ever sanctions on North Korean crypto mixer
The latest development comes two weeks after the FBI issued a statement saying that the cyber actors APT38, also known as Lazarus Group, associated with the DPRK, were behind the Ronin Bridge attack.
NFT Activity ‘Stabilizing’ in 2022: Report
Experts say the stabilization of the NFT activity is a positive sign, that the market is maturing and transitioning from speculation to real application development.
Defi comes under taxman’s lens as govt. sets to levy additional taxes: Report
The government recently introduced a 30% tax slab on returns or profits made from virtual digital assets. From April this year, 1% TDS is also applicable on every transaction.
Q&A: Lucy Gazmararian, Founder and Managing Director of crypto investment firm Token Bay Capital
While bitcoin brought crypto and blockchain to the world, the ecosystem has exploded since 2008 and there are many other ways for individuals, corporations and governments to engage with the digital assets ecosystem.