Ethereum Classic (CRYPTO: ETC) was skyrocketing over 18% during Sunday’s 24-hour trading session, in continuation after soaring over 14% higher during Saturday’s session.
According to a recent study by Web 3 security firm Beosin, over $718 million were lost to Web 3-related schemes during the second quarter of 2022.
The report says 48 major “attacks” were responsible for the losses incurred. Each accounted for over $100 million in losses, with 28 incurring losses of $1 million to $10 million.
The Paraguayan government has re-approved a cryptocurrency bill which will now regulate crypto mining and trading in the country.
The bill was previously approved on December 21, 2021. However, the Chamber of Deputies modified it and later approved it in May 2022.
With the crypto markets in a clear consolidation phase and prices of leading cryptocurrencies correcting significantly from their all-time highs (ATH), many long-term crypto investors are looking at earning additional revenue from their crypto holdings.