Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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Apple Store Gunman Demanding €200 Million in Crypto Confirmed Dead
The robber caused a stir when it started a hostage situation in an Amsterdam-based Apple store, before demanding more than 200 million euros in crypto. Robber Takes Hostage, Demands Crypto Ransom An armed man, dressed in camouflage, reportedly took over an Apple store in Leidseplein and held one person at gunpoint. The armed man afterward gave an ultimatum of 200 million euros to be paid in crypto or the hostage's life. The suspect, only later identified by a local newspaper…
3 years ago
Magic Eden Implements Stringent KYC Procedures Following Scams
NFT creators on Solana marketplace Magic Eden will now be subject to stricter procedures. The company announced a new doxing policy for creators who want to drop their collections on the marketplace. This policy would ensure stringent safety and project quality checks that would protect the interest of minters. The recent development unfolds against a backdrop of rug pull scams that saw minters lose thousands of dollars on Magic Eden. Minters lost $58,000 (645 SOL) in the first scam because…
3 years ago
Canadian Trucker Gets $8000 in BTC During Livestreamed Protest
A live recording of the ongoing protest against Canadian Corona protocols caught a Canadian trucker benefiting from a crypto fundraiser. Donors are turning to non-custodian crypto exchanges to fund the ongoing trucker protests. Amidst the recent events in Canada, a moment of joy prevailed when a Canadian trucker received $8000 in Bitcoin out of the +$900,000 raised for the Freedom Convoy 2022 campaign. A witness revealed how the incident unfolded play-by-play. According to Tim Pastoor, the trucker received an…
3 years ago
1inch Introduces “Spot Price Aggregator” Tool To Fetch Price Data For Display In DApps
The popular decentralized exchange aggregator “1inch” has dropped another useful tool for Web 3 and Defi developers. This time, it's the “spot price aggregator” – a tool that extracts price data for tokens traded on multiple DEXs right from the blockchain. This data can be incorporated right into any person’s project, using publicly available smart contract addresses and source code on Github. What is the Spot Price Aggregator? According to a press release shared with CryptoAdventure, the new tool works…
3 years ago
North Korea Accused of Funding Nuclear Programs with Crypto-focused Cyberattacks
According to reports, the United Nations claims North Korea might funnel crypto obtained via coordinated cyberattacks on exchange platforms towards its weapons programs. North Korea’s military is suspected of having generated about $2 billion from crypto hacks since 2019. UN Reports on Attacks By DPRK Cyberactors The information was initially sourced from a UN report where a member state alleged that cyber actors from the Democratic People’s Republic of Korea (DPRK) had made off with virtual currency worth over $50m.…
3 years ago
Cashing Out ETH at Market Peak – Another Good Call by the Ethereum Foundation
Although a non-profit organization, the Ethereum Foundation appears to have a good insight into generating money. After a significant drop in prices in the crypto market, some wondered if such a decline was foreseeable. The answer appears to be yes, as the Ethereum Foundation has managed to sell ETH at the market peak. But, of course, every investor's dream is to guess the optimal moments of opening and closing a trade perfectly. This article will provide more information about the…
3 years ago
Russian Finance Minister Says Crypto Could Bring In $2.3 Billion In Taxes
Key Russian financial authorities have radically different views on crypto regulation. On Wednesday, Finance Minister Anton Siluanov voiced his opposition to the Bank of Russia's harsh stance on crypto. In a letter to Prime Minister Mikhail Mishustin, said that the country should regulate, rather than ban cryptos. He also said that crypto regulation would bring in an additional $2.3 billion in taxes to Russia. To make regulation more effective, he suggested allowing banks to provide exchange services. This would allow licensed…
3 years ago
1inch Launches “Earn” Service For Obtaining APY On Stablecoin Liquidity
1inch – a popular decentralized exchange aggregator – has now launched “Earn”, an investment product offering APY for liquidity providers. The first pool features a USDC/USDT stablecoin pair. This is meant to provide reliable yield at a time of intense volatility in the crypto market, while preventing slippage. An Extra-Efficient AMM According to a press release shared with CryptoAdventure, Earn – previously “Trading Strategies” – is a hyper-efficient AMM pool. It’s design is similar to Uniswap V3’s range orders, which…
3 years ago
REKT: $326M Hacked From Popular Ethereum-Solana Bridge
Yet another multi-million dollar hack has impacted the crypto ecosystem. This time, it's against Wormhole – a famous cross-chain bridge to bring non-native cryptocurrencies to other blockchain networks. Over $300 million worth of wETH were unfairly generated through a protocol exploit. This comes a month after Vitalik warned the crypto-community of the security flaws inherent with cross-chain protocols and intermediaries. Hours ago, Wormhole warned the community of a potential protocol to exploit over Twitter. The team put the network under…
3 years ago