The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
On-chain metrics suggest Cardano is due a reversal of fortunes
Despite waning price, on-chain metrics show massive growth for the Cardano network. Is it a matter of time before price follows?
IRS signals tax case retreat on staking, but the rules haven’t changed for everyone else
The IRS may be backing down from a law suite around tax refund for block rewards, but this does not mean the rules have changed, as reported by other media outlets. Lawyers say the IRS may continue to tax rewards as income.
Extreme weather conditions force crypto miners to halt operations
Riot Blockchain’s data center in Texas has been powered down to help the state.
Report: Bitcoin mining carbon emissions contribute nearly 0.08% globally
CoinShares report claims that the global carbon emissions contributed via Bitcoin mining are far less and are "inconsequential" compared to other industries.
Breakdown: How the hacker stole 80k ETH from the Solana Wormhole bridge
On Wednesday, a hacker managed to steal 80,000 ether (ETH) out of Solana through the Solana-Ethereum bridge Wormhole. Here’s how the hacker pulled it off.
Coachella Festival offers Lifetime Passes with new NFT marketplace
Coachella has teamed up with FTX US to build an environmentally friendly NFT marketplace on the Solana Blockchain.
Beware! A new malware “Mars Stealer” can steal your crypto
A new malware, known as "Mars Stealer" is targeting crypto wallets that work as a browser extension to steal crypto stored by the users.
Here’s why OpenSea users are buying more NFTs on Polygon
NFT activity on marketplace OpenSea over the Polygon network has soared the past months. As NFT activity shifts to Polygon, users save hundreds of millions in Ethereum gas fees.
Cardano proceeds with important updates to eliminate congestion issues
Cardano continues with optimization and announces scheduled updates that will hopefully rid the network of congestion issues.
Public backlash forces “Worms” game NFT to be canceled
Community backlash has forced Team 17 to withdraw its plan to integrate NFT features into its game.
McDonald’s celebrate Chinese New Year in the metaverse
McDonald’s is celebrating the Chinese New Year in the metaverse.
More than 10% of global working-age internet users own crypto
The findings of a broad global survey of internet users aged 16-64 revealed cryptocurrencies are more than just “catching on.”
Ethereum community bemoans Vitalik Buterin’s role as Dogecoin advisor
With so many issues to tackle, Ethereum supporters call on Buterin to focus his efforts on Ethereum rather than Dogecoin.
Solana’s Wormhole bridge gets hacked for $200 million (80K ETH)
While cross-chain bridging solutions are popular, many users do not realize the full risks associated with using them.
Blockchain experts explain the philosophy behind Bitcoin
This week Cryptonites rolled out Part 3 of the edutainment channel’s documentary that explores the social impact, technology, and economics of Bitcoin.