Month: June 2023

FedNow “early adopter” list contains no blockchains, but some may integrate later

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The Federal Reserve’s upcoming instant payment system, FedNow, released its list of certified “early adopters” on June 29. The organizations on the list have been certified as ready to connect with the platform when it launches in late July. No blockchain networks are on the list, despite at least two having previously announced that they would connect to the instant payment system. The FedNow service stated that some organizations not on the list may be integrated later, and Metal Blockchain said it still intends to connect with the platform once…

Crypto ATM firm Bitcoin Depot will go public on Nasdaq starting July 3

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Bitcoin Depot, one of the largest cryptocurrency ATM firms in the United States, has announced the closing of a merger deal allowing the company to go public. In a June 30 announcement, fintech firm GSR II Meteora Acquisition Corporation said its stockholders had approved the merger for the firm to act as a special purpose acquisition company for Bitcoin Depot. The deal, first reported in August 2022, cost $885 million and is expected to allow investors exposure to Bitcoin Depot on the Nasdaq starting July 3. $GSRM & Bitcoin Depot…

Azuki Is Rebuilding After Its Elementals Mint Mishap, Candy Digital and Palm NFT Studio Merge

What: Generative artist Vera Molnár, who is credited by many scholars as the first female digital artist, is releasing her first-and-only on-chain generative art project through art auction house Sotheby’s. Her work, which began integrating computer art in the 1960s, is regularly cited as an influence for modern generative artists such as Dmitri Cherniak and Tyler Hobbs. The 500-edition collection, formulated around three letters that have heavily influenced digital art, is a reflection of her career and how the practice has changed with the integration of NFTs. Source

Binance’s chaotic June, miners gear up for halving, Bitfinex’s Latam expansion

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June was a tough month for Binance, as it faced stress tests worldwide after the United States Securities and Exchange Commission (SEC) filed a lawsuit against the crypto exchange and its leadership. In a nutshell, over the past 30 days, the Belgian financial regulator ordered Binance to cease all crypto services, the exchange failed to obtain a license in the Netherlands, Binance’s Brazil head has been subpoenaed to appear before Congress concerning a Ponzi scheme investigation, and just a few days ago, another ongoing investigation in France became public. And…

Harry Styles Fans Offered Web3 Rewards Through Concert App

“Brands can tap into our APIs to deliver these experiences without understanding Web3 or how to deploy smart contracts,” she said. “Similarly, from the fan’s perspective, the Web3 elements, such as spinning up a wallet, seed phrases and paying gas fees, are all kept under the hood – offering an optimized user experience.” Source

Millennials are embracing crypto and meme coins like Alex The Doge 

The generational shift in financial preferences has never been more evident. Younger demographics, especially millennials, are embracing digital assets like Bitcoin and meme coins like Alex The Doge. This enthusiasm for decentralized finance (DeFi) and digital assets is not a passing trend but a significant economic shift that could change the financial landscape. >>>>Buy ALEX presale now<<<< Bitcoin: a break from traditional finance Bitcoin is often seen as the gold standard of the crypto market. Its decentralized and non-governmental nature, which provides freedom from financial institutions and traditional monetary systems, appeals…

$656M lost from crypto hacks, scams and rug pulls in H1 2023: Report

According to a June 30 report by Web3 security firm Beosin, the total value of cryptocurrencies lost in scams, hacks and rug pulls amounted to $656 million during the first half of 2023. This includes the loss of $471.43 million in 108 protocol attacks, $108 million in various phishing scams and $75.87 million over 110 rug pulls. For hacks, the amount represented a significant decrease over H1 2022 and H2 2022, where $1.91 billion and $1.69 billion were lost, respectively. In addition, Beosin analysts wrote: “Approximately $215 million of stolen…

$656M lost from crypto hacks, scams, and rug pulls in H12023: Report

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According to a June 30 report by Web3 security firm Beosin, the total value of cryptocurrencies lost in scams, hacks, and rug pulls amounted to $656 million during the first quarter of 2023. This includes the loss of $471.43 million in 108 protocol attacks, $108 million in various phishing scams, and $75.87 million over 110 rug pulls. For hacks, the amount represented a significant decrease over H1 2022 and H2 2022, where $1.91 billion and $1.69 billion were lost, respectively. In addition, Beosin analysts wrote: “Approximately $215 million of stolen…