A $1.1 million crypto card hack crashed a neobank's token 49%
The exploit caused the neobank’s AVICI token to drop 49% from a 24-hour high, hitting a record low before paring some of the losses. Source link
Bitcoin
Crypto
NFT sales fall 44.7% to $63.3M as Ethereum leads
NFT sales volume fell 44.70% to $63.33 million over the past seven days, even as the number of buyer and seller addresses increased sharply across the market. Summary NFT sales fell 44.70% to $63.33 million, while transactions declined 14.13% to 802,330. Buyer addresses rose 30.48% to 227,316, while seller addresses climbed 54.64% to 247,373. Ethereum
Bitcoin
Your New & Improved Rewards Center Awaits
We’ve just supercharged the Rewards Center in your Bitcoin.com Wallet app! Here’s what’s new: ✅ All-new quests to stack crypto faster. ✅ Clearer leveling system so you always know what’s next. ✅ Invite-a-Friend rewards to bring your crew along for the ride. ✅ Dynamic prizes that keep things fresh and exciting. The best part? It’s easier than ever to use
Crypto
SEC proposes $75M crypto token sale rule that the market has outgrown
Eight years after the ICO boom, the regulator is offering a path that the market already abandoned. The capital it is trying to regulate now flows through channels the proposal does not touch. Summary The SEC proposed a framework allowing crypto projects to raise up to $75 million annually through public token sales without full
Crypto
Tokenized deposits could drain $580B from U.S. bank lending
A research paper published this week quantifies what happens when bank deposits move at blockchain speed. The number is large enough to reshape how banks fund the economy, and the crypto industry is building the pipes without acknowledging the consequences. Summary A research paper published on August 25 found that tokenized deposits could reduce U.S.
Bitcoin
Bitcoin’s Moment Has Come For The Far East: Metaplanet CEO
Bitcoin’s time has come in Asia — especially with a changing regulatory landscape — and its people and companies should take advantage. That was the message Metaplanet CEO Simon Gerovich gave at this year’s Bitcoin Asia conference, where on Friday he spoke of how his company went from failing to the third biggest bitcoin treasury
Crypto
Russia blacklists 2,600 crypto wallets while using crypto to dodge sanctions
The Bank of Russia is building a surveillance apparatus for digital assets at the same time the Russian state relies on those assets to circumvent Western financial restrictions. The contradiction reveals how governments actually think about crypto. Summary The Bank of Russia added 2,600 crypto wallets to a monitoring system used by banks and law
Bitcoin
Kraken Locks Accounts in 12,000-Transfer Dust Attack
Nearly 12,000 tiny HTX-linked transfers triggered compliance reviews at Kraken. Kraken restored affected accounts but continues holding disputed sanctioned funds. HTX denies responsibility, leaving the wallet attribution and sender unresolved. Kraken temporarily restricted some customer accounts after nearly 12,000 tiny crypto transfers triggered compliance reviews across its platform. The transfers occurred between August 17 and
Crypto
XRP ETFs gain ground in two US fund filings
Two U.S. fund filings dated Aug. 27 and Aug. 28 have listed three XRP-linked ETFs, adding fresh evidence of the token’s growing presence across regulated investment products. Summary ProShares’ filing lists its unlevered XRP ETF and the 2x leveraged Ultra XRP ETF. Morningstar Funds Trust’s amendment includes a live fund combining S&P 500 stocks with
Bitcoin
MSCI Review Puts the Microstrategy Bitcoin Funding Model Under Pressure
In MicroStrategy Bitcoin news, MSCI is considering rules that could remove Strategy Inc. from its global equity indexes, potentially adding strain to the financing model behind the company’s Bitcoin holdings. The proposal is not specific to Bitcoin: it focuses on whether companies are primarily engaged in accumulating assets rather than operating businesses, according to Bloomberg.