Polygon Secures $450Million in Its Latest Token Sale

Reports from sources have revealed that Ethereum-based Polygon has collected around $450Milion in its latest privately hosted token sale event. Following a recent private token sale led by many popular groups, Polygon has managed to accumulate $450Million in the bag. Sources have revealed that many of the players participating in the event, have apparently been … Read more

Football Club Manchester United’s Former Players Create A DAO To Push Sports Investment

The former players of the prominent football club named Manchester United are constructing a DAO (decentralized autonomous organization) to enhance sports investment.  According to a recent declaration, Paul Scholes and Gray Neville will collaborate with Kiat Lim and Paul Lim (the Singaporean business tycoons) to construct the CO92 DAO. The partnership would be targeted toward … Read more

MATIC, GALA, Decentraland Price Analysis

MANA, GALA, and MATIC saw oversold conditions on the 4hr Relative Strength Index as the global sentiment worsened over the past 24 hours. However, Decentraland needed to overcome the $2.6-level to confront the supply region while Polygon struggled to gain momentum to flip the $1.5-mark. Polygon (MATIC) MATIC recorded a 54.25% drop after touching its … Read more

Chainalysis Warns Users About Murky Trading Activities In the Cryptocurrency Space

The latest data from Chainalysis – a crypto intelligence company – discloses that artificial inflation may be occurring in the value of NFTs (non-fungible tokens) due to wash-trading. In an exclusive report, even though a majority of the 262 wash traders detected by them were witnessing losses, a profit of up to $8.5M had also … Read more

Thailand Withholds Its Decision To Tax Transactions At 15%

­­Thailand has quitted its strategy for taxing 15% over the crypto transactions following a pushback on the behalf of the investors, a step that astounded the native industry habituated to the vigilant regulations. Previously, the revenue department of the country published the rulebook thereof which markedly eliminated the proposed withholding tax over the crypto holdings. … Read more

A Petition to Reduce Crypto Tax In India Gets More Than 52k Signatures Within a Few Hours

Indian investors filed a petition to push the government to minimize the amount of tax implemented on crypto with more than 52,000 signatures received just in a few hours. The respective petition recommends some modifications to the proposed regulation, stating that the laws in their current state would be harmful to the economy as well … Read more

Vitalik Buterin Plan To Use $100 Million Worth Of USDC In Different Crypto Projects

The founder of Ethereum – the second-biggest blockchain network across the globe – Vitalik Buterin, will utilize $100 million worth in USDC to be invested in several projects of high reward and risk in the market of cryptocurrency. The decision has been taken that the donation for the CryptoRelief fund for COVID-19 would be returned … Read more

Binance’s Eastern European Director Says They Plan To Expand Into Russia

The world’s prominent exchange of cryptocurrency – Binance – pursues the extension of its operations in Russia notwithstanding the country’s latest proposed prohibition over cryptocurrencies. As per the Eastern European Director of the exchange – Gleb Kostarev – the entrance of the exchange into the country is strategically significant for the development of the company. … Read more

A Developer Introduces A Tool For Twitter Users Who Want To Block NFT People

As the NFT field is showing remarkable progress and a majority of the community is participating in the new space, this is additionally making the NFT-haters take considerable measures to confront this situation. In this continuous fight, where the tech-enthusiasts and gamers make fun of the NFTs’, crypto enthusiasts are maintaining their confidence in this … Read more