Staff Picks - June 2022
DeFi App Sells $830,000 in NFTs to Fight $10 Lawsuit Guy
PoolTogether has raised over $830,000 to crowdfund its legal defense in a case with potentially far-reaching consequences for the entire industry.
South Korea ramps up crypto investigations and regulations
South Korea announced Digital Assets Committee, launched an investigation and met with Asia-Pacific financial authorities.
Total crypto market cap risks a dip below $1 trillion if these 3 metrics don’t improve
Declining demand for Tether, negative futures premiums for altcoins and the lack of inflow to the crypto sector are all signs that a rocky road is ahead.
‘Pig slaughtering’ crypto scams reap millions on Silicon Valley dating apps
“I never thought it could happen to me because I use tech. I’ve written software,” a victim of the pig slaughtering scam noted.
Luna Classic pricing error leads to Mirror Protocol exploit
An error on the pricing oracle software for Terra Classic validators opened the door for an exploiter to drain four synthetic asset pools from the Mirror Protocol.
NFT flipping not so profitable for more than half of buyers: Survey
Though a majority are down on their NFT purchases, there are signs which point to a healthy and robust market in the long term.
What are Bitcoin improvement proposals (BIPs), and how do they work?
What are Bitcoin improvement proposals (BIPs), and how do they work?
Optimism Attacker Returns 17M Stolen OP Tokens
The attacker was rewarded with 2 million of the tokens as a bounty.
Crypto Lending Service Celsius Pauses Withdrawals, Citing 'Extreme Market Conditions'
The company will also pause its swap and transfer products, according to a blog post.
PayPal Adds Cryptocurrency Withdrawals and Deposits
Users can now move crypto to and from their personal wallets.
Crypto prices continue to tank, lawsuit takes aim at Binance.US, and Celsius moves $320M worth of digital assets: Hodler’s Digest, June 12-18
The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link!
Sweeping layoffs, hiring and firing as crypto prices take a massive downturn
Brutal economic conditions coupled with dramatically falling crypto prices have led to massive layoffs within the blockchain industry.
Elon Musk gets hit with ‘ridiculous’ $258B Dogecoin lawsuit
The class-action lawsuit has raised many eyebrows in the crypto community, with many confident the suit will not be successful.
Vitalik Buterin shares his thoughts on non-financial use-cases for blockchain
Essential goals like “trust and censorship resistance” can be aided by distributed ledger technology, said Buterin.
Nifty Newsletter: Mastercard to enable direct NFT purchase, NFT floor prices collapse and more
Last week, Apocalyptic Apes founder Bill Starkov told Cointelegraph that NFT holders can earn millions by licensing their NFTs.
Chainalysis launches reporting service for businesses targeted in crypto-related cyberattacks
The firm said it was starting a "Crypto Incident Response" hotline to "help bring bad actors to justice and demonstrate that crypto is not the asset class of anonymity and crime.”
Cloudflare outage affects multiple crypto exchanges
Users attempting to visit certain websites were met with a “500 Internal Server Error” notice due to a Cloudflare outage.
Breaking: Harmony’s Horizon Bridge hacked for $100M
The layer-1 blockchain’s main bridge between Ethereum, Binance Chain and Bitcoin has been exploited for nine figures but says its BTC bridge has not been affected.
Stablecoin Supply Decreases Over Quarter for First Time in History
The Terra collapse may still be having an impact on market participants’ perception of stablecoins.
Celsius Has Hired Advisors in Case of Bankruptcy: WSJ
The crypto lending firm has brought in a second group of legal consultants.