Hackers Steal $12 Million in ETH and USDC from Ronin Network
The Ronin Network suffered a $12 million Ethereum and USDC theft, following a previous $600 million hack in March 2022. The blockchain bridge has been reportedly hacked, dealing a substantial setback to the Ronin Network. It has led to the seizure of approximately $12 million in USD Coin (USDC) and Ethereum (ETH). The Ronin bridge […]
Breaking: India Slams Binance With $86M Tax Bill
India has sent Binance a $86 million tax bill, accusing the exchange of failing to register under India’s GST regime. Binance, the world’s largest crypto exchange, has experienced another dip in India. The Indian authorities have issued a staggering $86 million tax bill to the Titan Exchange in response to non-compliance issues. India Issues Tax Bill On […]
Bitcoin Hits Extreme Fear on Aug. 5 with $168M ETF Outflow
This significant decline was triggered by Bitcoin and Ether’s sharp value drops and broader market turmoil. On August 5, US spot Bitcoin exchange-traded funds reported outflows of $168.4 million in trading, causing the Crypto Fear & Greed Index to just dip into the “Extreme Fear” zone for the first time in two years. Bitcoin Hits […]
CleanSpark Finalizes Bitcoin Site Acquisition
Bitcoin miner CleanSpark claimed to have secured 75 MW in Wyoming despite prior worries about national security. After overcoming earlier national security concerns expressed by the White House, American Bitcoin mining company CleanSpark Inc. announced the successful acquisition of a Bitcoin mining site in Wyoming. In a July operating report that was released on August […]
US Recession Fears Ease as Services PMI Hits 51.4%
The Institute for Supply Management (ISM) reported that the U.S. Services Index rose to 51.4% in July. Recent increases in a few market indices have instilled renewed optimism in the discussion surrounding the US Recession, especially during the period when the stock market had been declining. To be more specific, the Institute for Supply Management […]