Crypto News
Wormhole Loses $320M in Second-Largest DeFi Hack Ever
Wormhole, a popular cross-chain bridge between Solana and other DeFi-based blockchain networks has been hacked for about 120,000 wETH (wrapped Ether) worth $320 million, making it the second-largest DeFi hack to date.
cryptoknowmics.com
Court victory precedent: IRS may not tax staking rewards until sold
A Nashville couple’s lawsuit over taxes they paid on unclaimed and unsold Tezos staking rewards is coming to an end with the Internal Revenue Service (IRS) agreeing to issue them a refund.
cointelegraph.com
Activity on Tezos ($XTZ) Network Explodes After Number of Smart Contracts Triples
Activity on the Tezos ($XTZ) network has exploded over the last few months as non-fungible tokens (NFTs) on it gain adoption and after the number of smart contracts within it tripled last year from about 200 to over 600.
cryptoglobe.com
Grammy-winner John Legend launches new music and art NFT platform
American singer-songwriter John Legend is solidifying his position among the ranks of celebrities flocking to the world of nonfungible tokens (NFTs), helping to launch a new NFT platform for musicians and other entertainers.
cointelegraph.com
This Recently Released Metaverse Crypto Coin Gained 50% In 1 Hour
After a crypto bear market in January, this month is starting on a good note, with many Metaverse crypto coins seeing significant price gains in the past couple of days. Today, we’re looking at a recently released Metaverse crypto coin on CoinMarketCap that gained over 50% in the past 24 hours.
nulltx.com
Crypto Index Tracker – Big Jump in Metaverse Index
Broader risk markets, including tech stocks, have bounced recently as markets appear to have priced a hawkish Fed. But the spillover to crypto markets has not been uniform.
dailyhodl.com
China Designates 15 National Pilot Zones and 164 Entities for Blockchain Projects
The Chinese government has established 15 pilot zones and 164 entities for blockchain projects. “Projects will be carried out in various fields such as manufacturing, energy, government and tax services, law, education, health, trade and finance, and cross border finance.”
bitcoin.com
Aussie billionaire sues Facebook over crypto scams with AG's consent
Australian billionaire Andrew “Twiggy” Forrest is taking Facebook to court over scammy cryptocurrency ads that he alleges used his name to defraud victims.
cointelegraph.com
Thailand Relaxes Tax Rules for Crypto Investors, Scrapping 15% Withholding Tax
Thailand has relaxed tax rules for cryptocurrency investors, scrapping its planned 15% withholding tax. “The revenue department did a lot of homework and reached out to crypto operators as well to get feedback … It is much more friendly to both investors and the industry,” said the CEO of a crypto exchange.
bitcoin.com