Author: Crypto Insider

Pulse, an emerging SocialFi platform, seamlessly integrates trading and social experiences on Ethereum layer 2, providing advanced security while evangelizing community engagement. Navigating Web2 social platforms has been nothing short of a battlefield for users and content creators alike. Centralized entities wield absolute decision-making power, resulting in changes that often neglect the broader community’s needs….

Binance-founded layer-1 blockchain BNB Chain has introduced a new layer-2 chain that it hopes will address its “scalability challenge.” On June 19, BNB Chain unveiled opBNB, which has launched as a testnet. The new layer-2 scaling solution is based on the Optimism OP Stack, which it says will add additional security and scalability to the Binance blockchain…

A phishing scammer has suddenly returned nearly $9.3 million to a victim after stealing $24 million from them in a phishing attack last September. First noticed by Scam Sniffer on July 13, the scammer used Dai stablecoin to return the funds across two transactions last week. The first transfer saw $5.23 million returned on July 8,…

South Korea’s ruling party, the People’s Power Party, officially proposed delaying the implementation of the country’s tax on crypto trading profits. On July 12, the party submitted the proposal and noted that current sentiment toward crypto assets was deteriorating. The description stated that rapidly imposing taxes on virtual assets is “not advisable at this time.” Furthermore, the…

During a recent CNBC interview, the CEO of BlackRock, Larry Fink, said he was “wrong” about Bitcoin before calling the decentralized asset “digital gold” and a “legitimate” financial instrument. The head of the $10.6-trillion asset management firm told CNBC’s Jim Cramer, “I was a skeptic, a proud skeptic,” before studying the nascent asset and changing…

The price of Bitcoin has reclaimed ground above the $62,000 mark, and analysts say the worst of the selling could be over with German BTC sales over and Mt. Gox payments all but priced in. Bitcoin has rallied 5.2% in the last 24 hours, bouncing off two-month lows of $53,500 on July 4, and is currently…