Zabu token price flatlines after $3.2M attack on Avalanche blockchain

Zabu Finance, a DeFi application on the Avalanche blockchain, has reportedly been exploited for crypto tokens worth $3.2 million. The removal of a large number of tokens eventually reduced the value of Zabu tokens to zero. Zabu Finance announced the exploit by asking for help from Avalanche and popular Avalanche-hosted decentralized exchanges such as Pangolin Zabu token price flatlines after $3.2M attack on Avalanche blockchain

How to be a better hodler, explained

Hodling is by no means easy, but there are ways to ensure you don’t act impulsively and let your crypto do the hard work for you. Source link

India’s Income Tax Department may soon target crypto trades and ecosystem

As the Income Tax Department of India reportedly considers taxing crypto traders and crypto exchanges soon, experts believe investors should rest assured. According to ET Now’s report, the tax department, which operates under India’s Ministry of Finance, has signaled interest to tax crypto earnings through trade and exchanges. However, the sources claim that the move India’s Income Tax Department may soon target crypto trades and ecosystem

Bitcoin technicals: Incoming ‘golden cross’ presents potential bottom for BTC price

Bitcoin (BTC) and the cryptocurrency market had a shakeout this week as the fake news surrounding Litecoin (LTC) caused a spike in volatility. However, the structure of the market didn’t change. In fact, Bitcoin’s price might be bottoming out as a golden cross is starting to form. Next to that, the exchange reserves are hitting Bitcoin technicals: Incoming ‘golden cross’ presents potential bottom for BTC price

Evolve or die: How smart contracts are shifting the crypto sector’s balance of power

One of the familiar themes seen in previous crypto market cycles is the shifting market caps, popularity and ranking of the top 10 projects that see significant gains during bull phases, only to fade into obscurity during the bear markets. For many of these projects, they follow a recognizable boom-to-bust cycle and never return to Evolve or die: How smart contracts are shifting the crypto sector’s balance of power

Immutable raises $60M for its carbon-conscious NFT platform

Immutable, a layer-two nonfungible token (NFT) protocol built on the Ethereum blockchain, has announced a $60 million Series B funding raise from a multitude of corporate venture firms, including Sam Bankman-Fried’s Alameda Research and Gary Vaynerchuk’s VaynerFund. The funding round was co-led by gaming investment platform Bitkraft Ventures and venture firm King River Capital. The Immutable raises $60M for its carbon-conscious NFT platform