Your completely free resource hub designed to boost your knowledge of cryptocurrencies
Your completely free resource hub designed to boost your knowledge of cryptocurrencies
Hi guys, lets get you up to speed with all the latest developments in the world of crypto over the last 24 hours. We have stablecoin issuer Tether, launching an open-source Bitcoin mining operation. We also heard from Strategy’s Michael Saylor who is putting up a brave front and guarding its Bitcoin reserve despite the price drop. And finally, we also saw a token crash in STEP which nosedived 90% because of a reported exploit in the Solana-based DeFi project. Tether releases open-source operating system for Bitcoin mining Tether, the company that issues the USDT stablecoin, has launched a new […]
Step Finance has confirmed a security breach which impacted multiple treasury wallets and resulted in more than 27 million dollars worth of SOL being transferred to the blockchain. The incident caused an immediate market reaction which resulted in the project’s STEP token losing more than 90% of its value within one day. The Solana-based DeFi platform said the breach happened during APAC hours and was executed through a commonly recognized attack method. The team reported that they have completed security fixes but they have not yet shared complete technical information about the situation. Treasury wallets compromised, losses still under review […]
The start of February ushers in a modest flow of token unlocks in the cryptocurrency industry, with Official Trump (TRUMP) leading through daily releases totaling almost $20 million. Trump Token To Have Daily Unlocks Official Trump will unlock 909,465 TRUMP tokens daily from February 2 to 6, with each day’s release worth around $3.83 million. Each unlock is 0.41% of the token’s market cap, and it could increase the selling pressure throughout the week. Trump is a memecoin launched in January 2025 by President Donald Trump, branded as the “only official Trump meme” and pushed through his social media channels. […]
Strategy which currently holds its Bitcoin assets at near break-even status after Bitcoin prices dropped to the upper $70,000 range. The recent data indicates that the company will reach its first unrealized losses when the Bitcoin market value exceeds their average buying price by 1.8 percent. Executive Chairman Michael Saylor maintains that the company will face no forced liquidation danger because the current market conditions show only a minimal gap between assets and liabilities. The company declared its intention to maintain its Bitcoin holdings while also purchasing more Bitcoin during times when prices experience major drops. Strategy’s Bitcoin holdings in […]
The Union Budget 2026 handed India’s crypto industry a double whammy: no respite from heavy-handed taxation and tougher penalties for platforms that mess up their compliance paperwork. Finance Minister Nirmala Sitharaman’s budget left the contentious tax structure untouched while proposing to impose exchanges with Rs 200 daily fines for late transaction reporting—a clear signal that the government wants the digital asset industry on a much shorter leash. From April 2026 onward, under Section 509 of the Income Tax Act, crypto exchanges and intermediaries are required to submit periodic statements detailing crypto-asset transactions to the Income Tax Department. Although this obligation […]
Officials at the U.S. Treasury Department made history with an announcement that breaks new ground in America’s long-running standoff with Iran. For the first time, Washington has gone after cryptocurrency exchanges as part of its sanctions toolkit, targeting digital platforms that authorities say have funneled billions to Tehran’s military apparatus. The Treasury’s Office of Foreign Assets Control (OFAC) hit Zedcex Exchange and Zedxion Exchange with penalties, marking a shift in how the US pursues financial pressure campaigns. Both firms, despite holding UK registrations, allegedly served as conduits for Iran’s Islamic Revolutionary Guard Corps to move money beyond the reach of […]
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