TikTok star Khaby Lame has said that he jumped at the offer of becoming Binance’s brand ambassador, adding another feather to his hat. The social media celebrity will be busting myths around crypto and Web 3 sectors and create awareness about them. Binance is taking this measure aiming to drive mass level Web 3 adoption.

RBI Governor Shaktikanta Das described cryptocurrencies as a ‘clear danger’ on Thursday. Warning about the risks of cryptocurrencies yet again, the central bank governor stated that “anything that derives value based on make believe”, without any underlying value, is simply “speculation under a sophisticated name”. The RBI’s warning comes amid global unc…

MicroStrategy has announced it has acquired an additional 480 Bitcoin (BTC) worth about $10 million (roughly Rs. 79 crore). According to a filing released on Wednesday, the company affirmed that it now has approximately BTC 129,699 in its reserve.

As per a firm that tracks stolen cryptocurrency, North Korean hackers known as the Lazarus Group are suspected to be behind the recent $100 million (roughly Rs. 734 crore) heist on Harmony protocol.

Coinbase will now allow Solana investors to stake their tokens on the company’s network to generate rewards. Coinbase will deduct 25 percent from the rewards as a commission fee and distribute these rewards every three to four days. Staking is a process that involves depositing crypto assets to support a blockchain network and validate transactions.

Samsung is reportedly ready to start the trial production of its special Bitcoin mining chip. Chinese firm called PanSemi will reportedly be the first customer of Samsung’s to be purchasing these chips. Qualcomm has also expressed interest in taking advantage of Samsung’s crypto mining offering, tha launch date of which remains unclear.

The crypto market saw more losses than profits on the last day of June 2022. Along with BTC, ETH, and SOL, stablecoins such as Tether, USD Coin, and Binance USD saw losses too. Surprisingly, Shiba Inu and Dogecoin managed to bring greens to the otherwise red crypto price chart.

Crypto hedge fund Three Arrows Capital (3AC) has reportedly entered liquidation. 3AC is one of the higher profile crypto investors to have run into difficulties following the sharp sell-off in the market for digital currencies seen in recent months. Earlier, Bitcoin plunged some 37 percent in June, trading around $20,000 (nearly Rs. 16 lakh) on Wednesday.

stETH stands for staked Ethereum, on the Ethereum staking platform Lido – when people stake ETH on Lido they receive a synthetic, derivate version of it, known as stETH. The amount of stETH should therefore trade at a 1:1 peg to ETH itself.

Cryptocurrencies and digital assets issuers in Russia may no longer have to worry about Value Added Tax (VATs) payments moving forward, all thanks to the proposed draft law that has seen approval from the State Duma.