The scary reality of cryptocurrency scams on Instagram

Twenty-five-year-old Preksha Kasbe, a scholar based mostly in Pune woke as much as a DM on Instagram from her buddy Sonali who she knew from college.  Excited, she responded to her message chatting about life on the whole as pals do. “But then Sonali switched the dialog to crypto investments and the way it modified … Read more

Google now displays a countdown clock on searching ‘Ethereum Merge’

Google has added a countdown clock displaying the variety of hours left for Ethereum Merge to happen. The Merge is an occasion that goals to modify Ethereum’s community from Proof-of-Work (PoW) to the Proof-of-Stake (PoS) algorithm. It is all set to vary the working of the blockchain, with the goal to make the Ethereum blockchain … Read more

What happens to your cryptos when the internet goes down?

The internet has change into a vital a part of our lives. We use it for work, pleasure, communication and extra. The World Wide Web has modified the world in some ways. It has made data simpler to discover and share, opened up new alternatives for business and training, and introduced folks collectively who would … Read more

Nearly 15 per cent of Indians traded in cryptocurrency in last six months: KuCoin Survey

Over 115 million crypto traders in (*15*) both maintain crypto or have traded crypto in the previous six months, accounting for 15 per cent of the Indian inhabitants aged 18 to 60 years, as per a brand new survey by KuCoin, one of the world’s largest cryptocurrency change. The survey titled ‘Into the Cryptoverse, (*15*)’ … Read more

Ethereum overhaul risks creating a new class of kingpins

The much-anticipated improve of Ethereum will create new members known as builders within the blockchain ecosystem, a transfer that risks altering the facility construction of what’s arguably probably the most commercially vital cryptocurrency community. Under the present system, networks of computer systems often called miners pluck transactions out of a particular knowledge pool, and prepare … Read more

Tornado Cash: What are coin mixers? Why are privacy advocates against their ban?

The US Department of Treasure has banned the usage of Tornado Cash crypto mixer stating that it has been used to launder greater than $7 billion value of cryptocurrency since its creation in 2019. The banning of mixers has resulted in large outrage against the US authorities. Privacy advocates name it a software for ‘anonymity’ … Read more

Bengaluru-based startup GoSats is rewarding Indians in Bitcoin for online purchases

Every time you order meals or purchase clothes on an e-commerce platform, receiving rewards in both the type of cashback or low cost makes you content. It is a easy win-win situation for all of the events concerned, the retailers see a rise in gross sales once they supply cashback, and the consumer will get … Read more

Losses from crypto hacks surged 60% to $1.9 billion from January to July, Chainalysis says

Chainalysis famous that the development is just not doubtless to reverse any time quickly, given the $190 million hacking of cross-chain bridge Nomad and $5 million hacking of a number of Solana wallets already within the first week of August. “DeFi protocols are uniquely susceptible to hacking, as their open supply code could be studied … Read more

Tether labels Ethereum’s Merge, as ‘most significant second’ in blockchain history

Tether, one of many largest stablecoin has labelled Ethereum’s transition from Proof-of-Work (PoW) algorithm to Proof-of-Stake (PoW) as essentially the most significant second in blockchain history.  This comes a day after USDC stablecoin issuer Circle stated that it backs ‘The Merge’. Ethereum’s Merge will quickly lower the blockchain’s power utilization by 99 per cent. This … Read more

‘No affiliations, unaware about purpose of transactions’, WazirX on latest ED probe

Days after the Enforcement Directorate (ED) probed WazirX, India’s largest cryptocurrency change, the corporate stated that it has no affiliation with any customers who take pleasure in illicit actions. This comes after the ED on Friday stated it has seized Rs 65 crore after it discovered proof towards the corporate whereas investigating non-banking monetary corporations … Read more