Some $7 million flowed out of digital asset funds in the week through April 22, according to CoinShares. Source
Crypto Funds Saw Minor Outflows Last Week
Month: April 2022
How to Buy the Tiger King (COIN) using Coinbase Wallet
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2 Europeans Charged With Conspiracy in Virgil Griffith North Korea Crypto Sanctions Case
2 Europeans Charged With Conspiracy in Virgil Griffith North Korea Crypto Sanctions Case Source
Liquidations Surpass $300 Million As Bitcoin Touches 40-Day Lows
Crypto liquidations have been ramping up coming out of the weekend. The market had recorded a number of dips that saw more than $80 billion shaved off the crypto market. This had meant that bitcoin had declined to the $38,000 territory and had taken the rest of the market with it. However, contrary to expectations that the digital asset would record the most liquidations, that title had been claimed by the second-largest cryptocurrency, Ethereum. Bitcoin, Ethereum Lead Liquidations Bitcoin liquidations were no doubt one of the highest in the space.…
Bored Ape Yacht Club NFTs stolen in Instagram phishing attack
As told by Bored Ape Yacht Club (BAYC) developers on Monday, hackers breached the popular nonfungible token (NFT) collection’s official Instagram page and shared links to a fake airdrop with the project’s followers. Crypto enthusiasts who connected their MetaMask wallets to the scam website were subsequently drained of their Ape NFTs. It appears that the attack was planned to coincide with the one-year anniversary of the launch of the BAYC collection, thus increasing the “perceived credibility” of the phishing link. Unconfirmed reports on social media indicate that approximately 100 NFTs…
OpenSea top-10 NFT projects soar as new liquidity enters the market
Spring is here and with it came a new found awakening for nonfungible tokens (NFTs). In the last week of March, total sales volume rallied to $20 billion, but this metric took a dive from mid April to $17.6 billion. However, on April 16, the newly landed Moonbirds NFT, pumped over $280 million worth of liquidity into the market and this, compounded with rumors of Yuga Labs’ Otherside land drop, sent the total volume sales for NFTs into a steady upward trend. NFT 30-day market cap / volume. Source: NFTgo.io…
Uncollateralized Lending Platform Truefi Reveals $100 Million Single-Borrower Pool Designed for Blockchain.com – Bitcoin News
The crypto firm Blockchain.com has revealed it has secured up to $100 million in liquidity from Truefi’s single-borrower pool. The pool will be initially capped at $100 million over the first year and Blockchain.com aims to use the funds to bolster its own “liquidity pools, leverage trading support, and book of lending services.” Blockchain.com Leverages Truefi’s Single Borrower Pool The leading digital asset services and exchange company Blockchain.com has announced it has secured $100 million in liquidity from the uncollateralized borrowing and lending platform Truefi. Essentially, the decentralized finance (defi)…
ECB needs ‘globally coordinated regulatory action’ on crypto, says official
European Central Bank executive board member Fabio Panetta said lawmakers across the world must decide how to regulate cryptocurrencies based on potential risks. In a written statement for a speech to Columbia University on Monday, Panetta said global policymakers had made some progress in addressing regulatory frameworks on digital assets, but “not swiftly enough to keep pace with the emerging challenges.” According to the ECB official, the world needs crypto regulated based on Anti-Money Laundering and Countering the Financing of Terrorism rules of the Financial Action Task Force, strengthening public…
Cryptocurrency could be part of your financial future: Here’s how it works
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Biggest Movers: DOGE up on Twitter News, WAVES Deep in the Red – Market Updates Bitcoin News
DOGE rallied on Monday, as traders reacted to the news that Elon Musk was possibly nearing a takeover of Twitter. While DOGE surged, AXS and WAVES were also big movers, however they were mainly in the red, as recent losses extended. Dogecoin (DOGE) DOGE was trading higher to start the week, as markets reacted to the news that Elon Musk’s bid to acquire Twitter was being considered by the board. Musk previously stated that he could see DOGE used as a payment or tipping method on the platform, should his…