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Crypto Stories

Crypto Stories

The latest news and opinions on the cryptocurrency and blockchain space

LUNA's Crash Serves As A Reminder To Diversify Our Portfolios

13 May 2022 3 minute read 1 comment Brennan

The Terra (LUNA/UST) blockchain project suffered what appears to be a coordinated attack this week, causing the UST stablecoin to lose its peg to the dollar, and the LUNA token to enter into a collapsing "death spiral" over the course of a couple of...

THORChain Battled-Tested and Hardened by $7 Million Dollar Hack

18 Jul 2021 4 minute read 4 comments Brennan

On July 15th, a hacker exploited a vulnerability in THORChain's cross-chain decentralized exchange, causing the loss of around 4000 ETH (7 million USD). The exchange was halted by the node operators and the price of its native token RUNE fell by near...

Axie Infinity Migration to Ronin Sidechain Signals Gaming Exodus From Ethereum

4 Feb 2021 2 minute read 5 comments Brennan

Axie Infinity is the latest game to initiate a migration away from the Ethereum blockchain. The team announced that players could start transferring their land and items from the Loom sidechain to Ronin earlier this month, with the functionality to m...

Central Bank Digital Currencies vs. Cryptocurrencies

25 Oct 2020 6 minute read 2 comments Brennan

One after another, countries around the world have been announcing plans to launch their own Central Bank Digital Currency (CBDC). China is already in the lead with the launch of their digital yuan earlier this year. In a test run, 50,000 Chinese cit...

Topps GPK Trading Cards Quickly Sell Out on WAX Leaving Some Users Empty Handed

15 Jul 2020 2 minute read 0 comments Brennan

Earlier today WAX announced that they had sold out of their "GPK Goes Exotic" trading cards shortly after the sale went live: 7,000 Mega packs worth $139,930 sold out in 24 minutes 13,000 Standard Packs worth $64,870 sold out in 67 minutes While th...

U.S. Government Issues Order To Freeze $100,000 On Ethereum

10 Jul 2020 2 minute read 9 comments Brennan

On June 16th, an Ethereum account holding $100,000 USD worth of USDC was blacklisted by Circle, after receiving a request from the U.S. government to have it suspended. The news marks the first time an account has been frozen by Circle since the Gold...

KyberDAO Goes Live On The Ethereum Mainnet

8 Jul 2020 1 minute read 0 comments Brennan

As per a post on Kyber Network's official blog, the KyberDAO has gone live on the Ethereum mainnet. KNC holders can now stake their tokens, participate in governance, and collect trading fees. KNC holders who stake their tokens will have the ability...

Lessons To Take From The Ravencoin Inflation Attack

7 Jul 2020 2 minute read 1 comment Brennan

Ravencoin, a project listed in the top 100 on CoinMarketCap, was the latest cryptocurrency to suffer an attack on its network. A hacker managed to successfully exploit a vulnerability in the project's source code to increase the supply by roughly 1.5...

Blockchain-Based Social Media Platform Voice Opens Up To Worldwide Users

4 Jul 2020 2 minute read 0 comments Brennan

As per a blog post from their CEO, the blockchain-based social media platform Voice will be open to worldwide users from August 15th. Additionally, starting July 4th, people worldwide will be able to read posts on Voice with or without an account. Un...

xToken Project Launches The xKNC Token to Simplify Kyber DAO Staking

4 Jul 2020 1 minute read 0 comments Brennan

On July 2nd, the xToken project announced in a Medium post their intention to combine staking, governance, and the claiming of Kyber Network trading fees into a single ERC-20 token. Starting from July 7th, investors will be able to enjoy passive inco...