Everyone knows that if you stake 32 or more Ethereum, you get staking rewards. Some cryptocurrency exchanges also allow you to do that. Due to new US laws, Bitstamp exchange has announced that it will stop giving Ethereum staking rewards to its users starting September 25th 2023.
This might sound a bit ridiculous but someone has launched a token called Drink Pee that rewards users for drinking their own piss with $7000 worth of ethereum. It is certainly a unique or rather nasty way of promoting a project.
ExplainThisBOB, Bob is here to explain, has been banned by Twitter’s new owner, Elon Musk. People often used to tag ExplainThisBOB to explain articles or complex tweets in simple words.
If you need a prime example of how early we are in world of cryptocurrency, take a look at all the naïve crypto users who sent fake Jared 81+ Ethereum that is more than $151,000 right now.
Developers of Multichain, previously known as Anyswap have made an announcement that certain cross chain routes are not available due to uncertain reasons.
The burgeoning intersection between technology and creativity has ushered in a new era, the ‘creator economy.’ In this economy, independent creators, artists, and innovators are using digital platforms to monetize their talents directly. However, there’s a new tech wave on the horizon, one that promises to be even more transformative—Web3.
(more…)Ethereum holder just lost all of his ETH to a phishing website after holding it for whopping 5 years. At time of writing of this article, the Ethereum amount is about $1.04 million. In the past five years, he did not interact with anything, not even decentralized exchanges like Uniswap.
Vela is a derivative cryptocurrency exchange that recently came to light for not giving the user his profit. He started his ETH / USD Perpetual long x29.9 at $1431, but the exchange forcefully closed his long at $1999.99, which gave him a whopping 1543.11 percent profit.
We have some more bad news about SushiSwap. Today, the SushiSwap’s RouterProcessor2 contract was hacked for about 1800 Ethereum which is about 3.3M dollars at current ETH’s price. The hacker exploited the approve related bug.
Arbitrum Foundation has made it clear that the 10M ARM tokens that they sold recently were done to fund pre existing contracts and cover near-term operating costs. One such cost was to cover $3.5M setup costs. Since the DAO organization was established and intended to involve users, the traditional thinking of small team decision-making in companies should be changed. After all, web3 projects come from users and grow with the support of users.
