News Archives - Blockcrunch

Shanghai Commercial hub of China launches $1.5B investing in Metaverse

The biggest financial and commercial hub of China, Shanghai has announced a $1.5 billion allocation to the Metaverse industry for better economic growth of the country. Shanghai plans to allocate the fund to encourage 10 paramount companies and 100 small-sized firms in the metaverse and technological sector. These organizations are said to launch at least… Continue reading Shanghai Commercial hub of China launches $1.5B investing in Metaverse

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After XRP, Solana SOL is in trouble- Lawsuit claims ‘Highly Centralized’

One of the Solana investors Mark Young has sued Solana Foundation and other Solana-related ventures for selling unregistered securities token SOL from March 24, 2020, onwards. On behalf of the plaintiff, the class action lawsuit was filed by Roche Freedman LLP and Schneider Wallace Cottrell Konecky on July 1 in the district court of Northern… Continue reading After XRP, Solana SOL is in trouble- Lawsuit claims ‘Highly Centralized’

Celsius Network kickstarts a new month with MakerDAO debt payments

The Celsius Network has kick-started the month of July with some repayments of its debts. Recently the U.S- based cryptocurrency loan company has paid over $142 million towards MakerDAO loans. Further, it is paying off its debts to Aave and Compound also. A sum of $67 million has been paid to both parties for their… Continue reading Celsius Network kickstarts a new month with MakerDAO debt payments

Samsung will produce 3nm Bitcoin Mining chip

The world’s largest tech giant Samsung has started to produce 3-nanometer semiconductors technology for Bitcoin mining. The South Korea-based company is making huge progress in creating the chipset that can help in Bitcoin mining. Samsung is presumed to launch the mass production of its new 3nm semiconductors by the second half of 2022. The launch… Continue reading Samsung will produce 3nm Bitcoin Mining chip

Elliptic suspects Lazarus Group for Harmony $100M Crypto hack

According to Elliptic report, North Korean Lazarus group is behind the Harmony $100M crypto exploit. The notorious hacking group has picked up its pace again in hacking and stealing funds after the biggest game played by them against Axie Infinity hack. Elliptic reports suggest strongly that the strategies employed for the Harmony hack are corresponding… Continue reading Elliptic suspects Lazarus Group for Harmony $100M Crypto hack

Harmony begins the Global Manhunt for Horizon Bridge Hack

Harmony has offered a $10 million bounty to the hacker behind the latest Horizon Bridge hack and has begun a ‘global manhunt’ for the hacker. The hack reportedly took place on June 23rd where Hamony realized the breach on June 24th morning. The digital assets which included mix of various cryptocurrencies disappeared from its cross-chain… Continue reading Harmony begins the Global Manhunt for Horizon Bridge Hack

Cypherpunk liquidates all of the BTC and ETH treasury

Cypherpunk Holdings (HODL) has announced that it has liquidated all of its Bitcoins (BTC) and Ethereum’s ETH treasury due to current market risks. The Canada-based investment firm sold 205.8209 Ether (ETH) for 227,000 USD. Whereas it was holding 214.7203 Bitcoin (BTC) which is sold for 4.7 million USD. Cypherpunk now has acquired a total of… Continue reading Cypherpunk liquidates all of the BTC and ETH treasury

Crypto.com removes DOGE, SHIB, XTZ & FLOW from the reward program

Crypto.com has announced to remove 15 cryptocurrencies including Dogecoin (DOGE), Shiba Inu (SHIB) and Tezox (XTZ) from its rewards program. Moreover, it will add some new crypto tokens in its rewards program that involves Ziliga (ZIL), Fantom (FTM), and Near Protocol’s NEAR sooner. However, the reward rates for popular and biggest cryptocurrencies Bitcoin (BTC), Ethereum… Continue reading Crypto.com removes DOGE, SHIB, XTZ & FLOW from the reward program

Goldman Sachs lists Coinbase shares to sell from neutral

Coinbase Global Inc. is facing a high downtrend in the market and in the crypto industry. America’s number one global investment bank Goldman Sachs has listed Coinbase shares to sell from neutral. The shares have plummeted to a significant level that now the bank is compelled to target them as ‘sell’ with as low a… Continue reading Goldman Sachs lists Coinbase shares to sell from neutral

Know Everything on New Crypto-TDS Guidelines by Income Tax Dpt, India

Crypto-tax-india

According to the latest guidelines issued by the Income Tax Department, Government of India, 1% TDS will be enforced from July 1. The Finance Ministry has already regulated a 30% tax on the net profit gained by selling crypto assets. From April 1, 2022, this tax was regulated across all centralized crypto exchange platforms in… Continue reading Know Everything on New Crypto-TDS Guidelines by Income Tax Dpt, India