Topic
EthereumBeginnerEthereum co-founder Vitalik Buterin has thrown his weight behind a new proposal aimed at accelerating transaction speeds on the Ethereum blockchain. This Ethereum Improvement Proposal (EIP), dubbed EIP-7732, has sparked hope among users frustrated by the network’s current limitations. The core…
#crypto#defi#tokens
The popular two-factor authentication (2FA) app Authy was leaked. The developer of Authy, Twilio, confirmed the incident on July 1st. According to Twilio, hackers were able to exploit a vulnerability in an unauthenticated endpoint, allowing them to identify data linked to Authy accounts. This data…
#crypto#hackers#security
SolanaBeginnerA Nigerian cryptocurrency trader’s act of honesty has gone viral, restoring faith in the crypto community and challenging negative stereotypes. Femi Akinola, the Nigerian trader in question, returned 90 Solana tokens (SOL) worth roughly $14,000 that were mistakenly sent to him by an overseas…
#crypto#nigeria
BitcoinBeginnerBitcoin mining company CleanSpark has reported a successful June, exceeding both its production and hash rate goals. They mined 445 Bitcoin in June, a 6.7% increase compared to the previous month. This uptick comes alongside surpassing their mid-year target for operational hash rate, achieving a…
#crypto#mining#united-states
GeneralBeginnerThe U.S. Department of the Treasury and Internal Revenue Service (IRS) finalized regulations on June 28th, 2024, requiring cryptocurrency brokers to report customer transactions to the IRS. This aims to improve tax collection and crack down on crypto-related tax evasion. Key points: Overall, this…
#crypto#defi#nfts
GeneralBeginnerThe Philippines has taken a leap into the world of cryptocurrency by allowing citizens to pay their social security contributions using Tether’s USDT stablecoin. This marks a significant development in integrating cryptocurrencies into mainstream financial systems. Tether, the world’s largest…
#crypto#tether
BitcoinBeginnerCrypto hacks saw a significant decline in June 2024, with losses dropping over 50% compared to the previous month. According to data from PeckShield, a crypto analytics firm, roughly 20 hacking incidents were reported in June, resulting in a net loss of nearly $176 million. This represents a…
#crypto#defi#hackers
BitcoinBeginnerThe Hawaii Department of Commerce and Consumer Affairs (DCCA) recently announced that cryptocurrency firms are no longer required to obtain a Money Transmitter License (MTL) to operate within the state. This decision comes after the conclusion of the DCCA’s collaborative research project, the…
#crypto
BitcoinBeginnerThe Nigerian cryptocurrency space: adopt crypto regulations inspired by Europe. This recommendation comes from Nigerian data and policy analyst Obinna Uzoije, highlighting the need for clear guidelines in this rapidly evolving market. The Nigerian landscape for cryptocurrency is currently…
#crypto#government#law
SolanaBeginnerCryptocurrency project Floki Inu has issued a warning to its community and the wider crypto world about a scam involving fake tokens impersonating their brand. These fraudulent tokens have been discovered on the Solana and Base blockchains, potentially misleading investors. Floki Inu made the…
#crypto#scam#tokens
BitcoinBeginnerBitcoin mining company Bitfarms has announced the appointment of a new board member. This strategic addition comes amid a hostile takeover bid from rival miner Riot Platforms. Riot Platforms, already Bitfarms’ largest shareholder with a 14.9% stake, recently made a $950 million unsolicited offer…
#crypto#mining
