Crema Finance, a Solana blockchain-based liquidity protocol has lost $8.78 million (roughly Rs. 69 crore) in a hack attack. The hacker swapped the stolen fund into SOL 69422.9 and USDCet 6,497,738 via Jupiter, a swap aggregator on Solana. For now, Crema Finance has located the stolen funds and is closely monitoring its movement.

Celsius Network, a US-based crypto lending platform, has reportedly fired 25 percent of its work force. The company is trying to sustain its operations amid the ongoing crypto slowdown. As of now, Celsius has neither accepted nor declined reports around its staff lay-off move.

Crypto lending and trading platform Vauld has said that it would suspend withdrawals and trading and seek new investors, the latest sign of stress in the embattled crypto industry.

The YouTube and Twitter accounts of the British army were breached on Sunday, and used to promote cryptocurrency and non fungible tokens (NFTs). The British army confirmed that it was aware of the accounts and said an investigation was underway. It currently has 362,000 followers on Twitter, while the YouTube channel has 177,000 subscribers. The YouTube account had be…

The remnants of Meta’s once-ambitious cryptocurrency project are fading away. According to a notification on its website, a pilot program for Novi, the social networking giant’s money-transfer service using its own cryptocurrency digital wallet, will suspend operations on 1st September.

Coca-Cola is celebrating its 136th year of business by launching a NFT series, celebrating the LGBTQ+ community. The project is being based of the Polygon blockchain. The capital collection from the sale of these Pride-themed NFTs will be donated to OUT, an LGBTQ+ charity.

As per international exchanges like Binance and CoinMarketCap, Bitcoin values were around $19,101 (roughly Rs. 15.08 lakh) on Monday, July 4 after incurring small dips. Ether, Biance Coin, Polkadot, and Polygon also tumbled down the price charts, following BTC. Surprisingly, Dogecoin reeled-in gains, small but significant. Shiba Inu and other altcoins like Solana and …

The Income Tax Department has come out with detailed disclosure requirements for TDS deductions for virtual digital assets, under which date of transfer and mode of payment will have to be specified. The 2022-23 Budget has brought in clarity with regard to levy of income tax on crypto assets. From April 1, a 30 percent I-T plus cess and surcharges, is being levied on …

Crypto lender Voyager Digital announced the suspension of withdrawals, trading and deposits to its platform. The move is said to be in terms with the firm exploring strategic alternatives to preserve the value of its platform.

Tether, the world’s largest stablecoin, has announced on Friday to cut its commercial paper holdings by around 58 percent as part of an earlier commitment to reduce its exposure to riskier assets. The company aims to reduce its commercial paper holdings to zero in near future.