Move-To-Earn App Stepn Under DDOS Attacks After Upgrade
Stepn is also working to make its platform less accessible to people in mainland China. This is in addition to its efforts to stop cheating and bots. Solana-based move-to-earn application Stepn has reported multiple denial-of-service (DDoS) attacks following the platform’s major anti-cheating upgrade. On June 5, Stepn took to Twitter to report that the platform […]
Goldman Sachs Survey Reveals Insurers Are Preparing For Bitcoin And Cryptocurrency
According to a Goldman Sachs survey, many of the crypto insurers are from the United States. Goldman Sachs, the Wall Street banking giant, recently released data from its annual insurance survey. Surprisingly, the survey included a view on cryptocurrencies for the first time. According to a survey of nearly 328 top executives from insurance firms, […]
Japan Regulates Stablecoin Issuance To Banks And Trust Companies
In the wake of the Terra collapse, the Japanese government is rushing to implement new stablecoin laws. Japan is moving forward with legislation to allow the issuance of stablecoins, which are digital assets whose value is pegged to fiat currencies or stabilized by an algorithm. According to the local news agency Nikkei, Japan’s parliament passed […]
New York Government Bans Crypto Mining In The State
The move for the crypto mining ban in New York is to reduce greenhouse gases that are being emitted through the proof-of-work mechanism. New York Senate has voted to ban crypto mining in the state. This legislation came after New York Attorney General Letitia James has advised investors to dissuade from trading in the crypto […]
‘Pig Slaughtering’ Crypto Scam Make Millions Of Dollar On Silicon Valley Dating Apps
According to a victim of the pig slaughtering scam, “I never thought it could happen to me because I use tech. I’ve written software.” Silicon Valley’s lonely hearts are reportedly falling victim to a wave of “pig slaughtering” crypto scams via dating apps. An investigator for the cybersecurity firm Sift discovered that one out of […]