Cardano Vasil Upgrade Finally Launched

Cardano (ADA) is presently the eighth largest cryptocurrency based on market capitalization. Cardano's much-awaited and anticipated Cardano Vasil hard fork has finally gone live. The latest hard fork of Cardano is the blockchain’s most significant update that would help to fix security loopholes in its protocol and improve contract functionality.

Why Crypto Tax Evaders Should Worry About The IRS

The cryptocurrency market has grown in popularity and become mainstream throughout the years. Consequently, as the crypto community grows larger, trading volumes increase to new highs and with the growing acceptance of cryptocurrency as a  mode of payment,  the United States is also making more effort to ensure that the Internal Revenue Service (IRS) can properly collect crypto tax on digital assets.

Court Orders Tether USDT To Prove Its Backing

Tether has been ordered by New York Judge Katherine Polk Failla, to come forward with documents proving their Tether USDT backing. The lawsuit claims this unbacked cryptocurrency was used for price manipulation in Bitcoin (BTC) currently valued at $370 billion according to the Coinmarketcap data which caused no less than $1.4 trillion damage to crypto markets as well.

White Hat Hacker Finds Arbitrum Bug And Saves the Day

Riptide, a white hat hacker, revealed a critical Arbitrum bug on the Ethereum scaling solution and claimed a reward of 400 ETH. He carefully scanned the contract, and after rescanning it, he confirmed that an inbox sequencer bug allowed a crucial vulnerability in the contract that would have allowed hackers to obtain millions of dollars. This can be achieved by diverting the incoming ETH deposits from the L1 to the L2 bridge into the attacker's wallet before they are detected.

Nasdaq Opens Crypto Custody Service To Institutions

Nasdaq, a major financial services company, announced on September 20, 2022 that it would be creating a new division to focus specifically on the cryptocurrency industry. Nasdaq Digital Assets is working to make it easier for more institutional investors to participate in the growing crypto markets. Nasdaq Inc.

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