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Ray Youssef, announcing ether's (ETH) removal from the marketplace Paxful he founded and runs. Among the reasons for the move noted by Youssef was the Ethereum network's switch to proof-of-stake validation from proof-of-work.
"Proof-of-work is the innovation that makes bitcoin (BTC) the only honest money there is, whereas proof-of-stake has rendered ETH essentially a digital form of fiat," he claimed.
More info: https://bit.ly/3PRfZyX
Crypto startup Ankr says a former employee instigated the $5 million theft from its platform earlier this month. A malicious hacker exploited a smart contract for one of Ankr’s staking rewards tokens, aBNBc, on Dec. 2. They’d manipulated a bug in its code that enabled unlimited minting of the token, deployed to Binance-branded BNB Chain.
More info: https://bit.ly/3BNS1i7
Decentralized exchange (DEX) Uniswap now allows users to purchase crypto on its web app via debit cards, credit cards, and bank transfers. This is made possible for Uniswap thanks to a partnership with fintech company MoonPay. The bank transfer option is available to users within most US states, Brazil, the UK, and the Single Euro Payments Area. They need to observe MoonPay’s KYC/AML policy to be able to buy crypto using a card or bank account.
More info: https://bit.ly/3PNeiT5
NBA Hall of Famer Scottie Pippen’s NFT collection has broken the OpenSeas sales record previously set by actor Anthony Hopkins, after his digital-asset collection sold out in less than one-and-a-half minutes.
Pippen’s 1,000-piece NFT collection sold out in a mere 77 seconds on Tuesday, according to Orange Comet, the company responsible for producing both the former NBA legend's and Hopkins' NFT collections.
More info: https://bit.ly/3GaHHU6
The Cardano blockchain gears up to see the launch of one of its most anticipated stablecoin projects, Djed. Shahaf Bar-Geffen, the head of COTI Network, reiterated during an interview that the algorithm stablecoin would launch on the mainnet in January.
More info: https://bit.ly/3G51Ytd
Art auction house Christie’s sold 87 NFTs for a total of $5.9 million in 2022, down 96% compared to 2021. Christie's sold 87 NFTs in 2022 for a total of $5.9 million. In 2021, the art auction house sold over 100 NFTs worth more than $150 million — one of them being Beeple's "Everydays: The First 5000 Days" NFT for $69.4 million. Christie's NFT sales fell 96% between 2021 and 2022.
More info: https://bit.ly/3Vfcwv0
The listing of Sango, the Central African Republic's national cryptocurrency, has been delayed until the first quarter of 2023. Market conditions and seasonal factors such as the holiday season were cited as reasons for the delay by moderators of the project's Telegram channel.
More info: https://bit.ly/3YDgYGR
Visa has proposed a blockchain account design that could allow Ethereum users to arrange auto-payments from a self-custodied wallet.
More info: https://bit.ly/3v9g5s0
The defunct crypto platform – Voyager – announced that Binance US has won the bid to acquire its assets. The crypto platform stated that Binance US was also its “highest and best bid”. The deal was worth nearly $1.022 billion, and it “aims to return crypto to customers”. Notably, the bid was initially won by FTX US, but the deal fell through after the crypto exchange‘s recent collapse.
More info: https://bit.ly/3C9EqSP
The latest update from the exchange OKX confirmed that deposits and withdrawals have resumed for Bitcoin (BTC), Ethereum (ETH), Tron (TRX), USDT, USDC, and other ERC-20 and TRC-20 tokens after it suffered a downtime for several hours on Dec. 18. In contrast, support for other cryptocurrencies would be available by 9:00 am UTC.
More info: https://bit.ly/3FCcgAF
Cryptocurrency exchange CoinDCX, India’s first crypto unicorn, published its complete proof of reserves (PoR) on Monday detailing its USDT liabilities and reserves. CoinDCX has about US$155 million of liabilities in USDT and over US$157 million of total reserves, also in USDT, as of Dec. 15. Its PoR report, published with crypto research firm Coingabbar, is available to the public.
More info: https://bit.ly/3YwIxBQ
A local Nigerian newspaper has reported that Babangida Ibrahim, chairman of the House of Representatives Committee on Capital Market and Institutions of Nigeria, claimed the country will soon pass a law making the usage of bitcoin and cryptocurrencies legal. The bill would amend the 2007 Investments and Securities Act and would recognize bitcoin as legal capital for investment.
More info: https://bit.ly/3WnugoY
A 45,000 item NFT trading card collection created by the former U.S. president Donald Trump sold out within hours and has already racked up more than 648 ETH, or about $785,000, in trading volume, according to OpenSea data.
More info: https://bit.ly/3UYMps9
Speaking with Bloomberg ahead of the Federal Reserve’s interest rate announcement on Wednesday, Guggenheim Partners Chief Investment Officer (CIO) Scott Minerd called the crypto industry a “crazy” thing that came out of the period of easy money. But now that the period has ended, the industry will face an uphill battle, he said.
More info: https://bit.ly/3FWT2He
Blockchain analytics provider CryptoQuant has released a report analyzing the recently released proof-of-reserves audit of the world’s largest crypto exchange, Binance. A report by CryptoQuant released on Dec. 14 says its analysis confirms that Binance's reserves are accounted for.
More info: https://bit.ly/3WkSwbx
The company's new leadership asked a federal bankruptcy judge for permission to sell off parts of the failed crypto empire’s business early next year — while those subsidiaries of FTX are still valuable.
Lawyers representing FTX filed a motion to begin an auction process for digital currency derivatives platform LedgerX, stock trading service Embed, as well as FTX Japan and FTX Europe.
More info: https://bit.ly/3FZpgBW
Institutions in Bermuda will soon be able to trade real-time settlements using a stablecoin with a 1:1 peg to the United States dollar. Called Jewel USD (JUSD), the first stablecoin to be released in the territory is powered by the Polygon blockchain.
More info: https://bit.ly/3WorqjS
Blockchain firm OpenZeppelin has announced the launch of its metaverse security service with The Sandbox, a gaming virtual world and a subsidiary of Animoca Brands, becoming the first to sign up. OpenZeppelin aims to provide a comprehensive security analysis of metaverse-based applications.
More info: https://bit.ly/3FUYKt9