The firm reported that although the market downturn had caused the value of NFTs to “slump”, scammers stole an estimated 4,647 of the tokens in July 2022. Cryptocurrency risk management firm Elliptic has released a report suggesting that scammers stole more than $100 million worth of nonfungible tokens, or NFTs, starting in 2021. In its...Continue Reading

On August 26, $1.27 billion in ETH options expire and data signals that the price is likely to stay pinned under $2,000 until the Merge. Since failing to close above the $2,000 mark, Ether (ETH) price has faced a steep 16.8% correction, but this was not enough to give bears an edge in the August...Continue Reading

“In our dealings with law enforcement we are sometimes specifically instructed not to freeze addresses as this could alert suspects,” says Tether. On Wednesday, U.S. dollar stablecoin issuer Tether (USDT) said that it would not freeze smart contract addresses sanctioned by the U.S. Office of Foreign Assets (OFAC) Control’s Specially Designated Nationals and Blocked Persons...Continue Reading

Crypto traders expect a range expansion once the Jackson Hole symposium is complete and the Fed’s perspectives on inflation, interest rate hikes and the health of the economy are made public. Bitcoin (BTC) and several major cryptocurrencies have been trading sideways as traders avoid taking large bets before the United States Federal Reserve’s Jackson Hole...Continue Reading

New research show that developments in the Metaverse will become a catalyst to broader adoption of NFTs. In this week’s newsletter, read about how the Metaverse is a catalyst for nonfungible token (NFT) adoption. Check out how GameStop’s NFT marketplace revenue dropped and how MTV added a metaverse award at the VMAs. In other news,...Continue Reading

According to the Ethereum Foundation, identifying “critical bugs” — those that have a high impact or likelihood of a high impact on the blockchain — will be worth up to $1 million. The Ethereum Foundation has announced it will be increasing the network’s bug bounty payouts fourfold ahead of the blockchain’s transition to proof-of-stake. In...Continue Reading

Here’s where cryptocurrency firms have received the most regulatory approvals and licenses over the past few weeks. Cryptocurrency companies have been moving to improve compliance worldwide amid the bear market of 2022, with many platforms increasingly securing licenses and approvals.  As one may find it difficult to track all global regulatory milestones in crypto, Cointelegraph...Continue Reading

Bitcoin’s Lightning Network has been growing at a slow pace. What’s keeping it behind, given its high transaction throughput? Bitcoin (BTC) changed the world as a decentralized and non-governmental form of currency that can facilitate peer-to-peer (P2P) transactions that transcend national borders.  But, despite this functionality, Bitcoin’s role as a payment mechanism has been called...Continue Reading

Order book data shows bids and asks narrowing as stocks inch higher and the U.S. dollar bounces back from a previous slip. Bitcoin (BTC) stayed strictly rangebound on Aug. 24 as buyers and sellers attempted to spark a breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Spot price squeeze on the cards Data from Cointelegraph...Continue Reading

Art curators are “unframing” contemporary art to create interactive experiences for metaverse goers that more closely emulate IRL experiences. In Decentraland’s third annual Metaverse Art Week held on Aug. 24–28, curators turned to new ways to utilize digital space to bring more interactive and true-to-life experiences of art.  The metaverse world modeled its latest virtual...Continue Reading