After detecting the breaches, Marszalek said the firm quickly paused withdrawals, fixed the issue and was “back online in about 13 to 14 hours.” He added that the same day, “all of the accounts that were affected were reimbursed so there was no loss of customer funds.” Source
On Wednesday, the Secret Network announced the launch of a $400 million fund in order to expand the application layer and provide grants to ecosystem participants that accelerate user adoption. The market capitalization for the network’s native token SCRT is the third-largest privacy-centric crypto asset market today with a $1.4 billion market cap. SCRT Labs Launches $400 Million Fund, SCRT Jumps Over 47% During the Last Week At the time of writing, there is over $11 billion worth of privacy-centric crypto assets today, according to coingecko.com’s “top privacy coins by…
The most popular show in Netflix history, “Squid Game,” earned an estimated $900 million for the streaming company. And the producers are not stopping there. They are gearing up for even more revenue as they look towards season two and have secured more than two dozen trademarks for the property as they tee up a range of merchandising and licensing deals. Sam Ewen is the head of CoinDesk Studios. What the company did not approve of in their effort to grow their bags were the non-fungible token (NFT) collections for…
Cryptocurrency mining has become a hot topic of conversation over the past couple of years due to its lucrative nature and the impact the industry has on the environment. The emergence of Web3 and the increased presence of Internet of Things (IoT) devices has led to a new class of low-cost mining protocols with low-power network technology. These include LPWAN or LoRaWAN which are designed to transmit low bit rate data over long distances. One such protocol that has been gaining traction in recent months is MXC, a Web3 infrastructure…
More than a year after a Canada-based Middle Eastern restaurant chain converted its fiat cash reserves into Bitcoin, the owner reported the move helped save the business during the pandemic. According to a Tuesday report from Canadian news outlet Toronto Star, when Tahini’s restaurant owners Aly and Omar Hamam and their cousin Ahmed decided to convert the company’s savings into Bitcoin (BTC) in August 2020 because it offered “a much better alternative to saving cash,” the price of the crypto asset was roughly $12,000. Aly Hamam reported the business had…
In a press release yesterday, the federal agency stated that crypto kiosks, or cryptocurrency ATMs, played a major role in the increasing crimes. The United States GAO (Government Accountability Office) blames crypto kiosks for increasing drug trafficking and human trafficking. Their reason, however, was that cryptocurrency ATMs aren’t as restricted as crypto exchanges, making their transactions harder to track. The GAO projects that it can be more difficult to curtail illegal transactions as crypto kiosks are becoming more and more popular in the U.S. and worldwide. Related Reading | Altcoins Are…
press release PRESS RELEASE. Dvision Network is currently live on Polygon Mainnet, further solidifying their position as the definitive multichain metaverse protocol. It must be noted that Dvision Network recently had their first primary and de facto biggest LAND Sale on BSC (Binance Smart Chain), selling out in a matter of minutes across three platforms which included Binance NFT and NFTb. The addition of Polygon Network support foreshadows the imminent second round of the LAND NFT Sale for the Dvision Metaverse, which will reportedly take place in the first quarter…
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The trading volume, for now, rivals that of Dapper Labs’ NBA Top Shot, which has seen roughly $2 million in sales each day of January, a representative told CoinDesk. The sales figures offer another glimpse at an NFT market that has weathered a general downturn in crypto prices from 2021’s frothy highs. NFT marketplace OpenSea, for example, has seen its highest volume month ever so far in January while ETH, the native token of the Ethereum blockchain, has sagged 15% over the same time period. Source
Candy Digital, which started selling Major League Baseball (MLB) NFTs in the fall, finally launched its trading venue on Jan. 15. And the appetite for sales was fairly robust. The Galaxy Digital-backed non-fungible token marketplace, which announced its partnership with the MLB in June, posted $2.7 million in weekend sales, passing $1 million in trade volume within the platform’s first eight hours of launch. The trading volume, for now, rivals that of Dapper Labs’ NBA Top Shot, which has seen roughly $2 million in sales each day of January, a…