Day: July 4, 2023

Azuki proposes to recover 20k ETH from its founder

AzukiDAO has launched a proposal called “Hire a lawyer” to recover 20,000 ETH from Azuki founder Zagabond. AzukiDAO has launched a proposal to hire a lawyer to help file a lawsuit against the founder of the Azuki project for alleged misconduct. The move will help AzukiDAO retrieve 20,000 ETH from the team, promote the entire Azuki community, and reward and incentivize the artists. In addition, the fund will go into organizing a research team for the lawsuit. AzukiDAO is launching a proposal called “Hire a lawyer to help the community…

NFT thefts decreased in June, data shows 

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied PeckShieldAlert data shows that approximately $2.27 million worth of non-fungible tokens (NFTs) were stolen by bad actors in June, representing a 23% decrease compared to May. Blur, the world’s number-one NFT marketplace, was the preferred dumping ground for 86% of the stolen digital collectibles, followed by OpenSea with 13.76%. #PeckShieldAlert In June 2023, ~$2.27M worth of #NFTs were stolen, marking a 23% decrease compared to the previous month. Within a span of 160 minutes, half of…

Crypto firms won’t leave US despite apparent hostility: Merkle Science CEO

boss

Despite recent narratives suggesting differently, the United States won’t be losing its allure as a crypto hub, according to the CEO of blockchain analytics firm Merkle Science. A swathe of hostile regulatory actions leveled at crypto firms in the United States in recent months has led many top crypto executives to turn their gaze elsewhere. Despite this, Mriganka Pattnaik, the co-founder and CEO of Merkle Science believes that crypto activity will remain in the country for at least the medium term. “My opinion is a little bit contrarian here, but I…

Winklevoss slams DCG’s Silbert — Not even SBF was ‘capable of such delusion’

boss

Crypto exchange Gemini founder and CEO Cameron Winklevoss is again threatening to sue Digital Currency Group and its CEO Barry Silbert over delays in the resolution of Genesis for its Earn customers while slamming the CEOfor allegedly trying to play the victim card. In the July 3 “Open Letter to Barry Silbert,” Winklevoss alleged the DCG enterprise had engaged in “fraudulent behavior” via a “culture of lies and deceit” — which have come at the expense of Gemini’s 232,000 Earn users. Earn Update: An Open Letter to @BarrySilbert pic.twitter.com/ErsYpcEjQD —…

Mastercard says its Multi-Token Network (MTN) will drive mainstream blockchain adoption

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Mastercard’s chief digital officer, Jorn Lambert, has stated that the payment giant’s newly launched Multi-Token Network (MTN) has all it takes to unlock the intrinsic value of blockchain technology and accelerate mainstream adoption. Mastercard continues development While the market capitalization of the global crypto space still stands above the $1 trillion mark despite the turbulence it has experienced over the past 12 months, Mastercard, a leading payments processor, says the actual value of blockchain technology is…

Blue chip NFT prices wobble, Credit Suisse tries tokens and more

boss

‘Blue chip’ floor prices near two-year lows The largest nonfungible token (NFT) collections by market capitalization are in a sea of red as the cheapest NFTs in their collections took dives over the past week with some hitting near two-year lows. Yuga Labs’ flagship Bored Ape Yacht Club (BAYC) collection — the second largest by market cap according to CoinGecko — hit a floor price of 27.7 Ether (ETH), or $54,200 on July 3, a level not seen since September 2021. The largest 12 NFT collections floor prices are in…

Thai SEC says bank customer crypto assets off-limits for lending and investment purposes

Thailand’s Securities and Exchange Commission (SEC) introduced new regulations aimed at digital assets.  The guidelines mandate that digital asset service providers must provide comprehensive risk warnings to ensure awareness of the potential risks involved in cryptocurrency trading. Enhance investor protection On July 3, the Securities and Exchange Commission (SEC) of Thailand unveiled new rules regarding digital asset trading and services, with the details published in the Royal Gazette.  The key highlights include a mandatory risk disclosure for cryptocurrency trading and a ban on deposit-taking and lending services. Starting from July 31, 2023,…

Bitcoin remains ‘primary focus’ for investors amid year highs: CoinShares

boss

Bitcoin (BTC) has been the “primary focus” for institutional investors over the last two weeks, according to Coinshares, as the cryptocurrency continues to hit new prihighs for 2023. In a July 3 report from CoinShares’ Head of Research James Butterfill, the analyst noted that Bitcoin-related products saw $310.6 million of inflows over the last two weeks, representing the vast majority of crypto product inflows. “Bitcoin remained the primary focus of investors […] with the last 2 weeks inflows representing 98% of all digital asset flows,” said Butterfill. Bitcoin weekly inflows.…

Kyle Davies to donate future OPNX earnings to 3AC creditors for ‘karma’

boss

The co-founders of collapsed crypto hedge fund Three Arrows Capital (3AC) have pledged to donate a portion of earnings from their newest crypto venture to creditors who lost money in the fund’s 2022 collapse. In a July 3 Twitter Space, 3AC co-founder Kyle Davies said it would be “good karma” to “donate” the potential earnings from Open Exchange (OPNX) to 3AC’s creditors. https://t.co/BLA0u9ZoAJ — Mario Nawfal (@MarioNawfal) July 3, 2023 Davies described the proposed payback scheme as a “shadow recovery process,” which would be independent of the official liquidation process…