Solana Network Suffers Widespread Hack Draining Thousands of Hot Wallets
On Tuesday night, Solana suffered a significant hack that drained nearly 8,000 wallets. Solana marketplaces like Magic Eden quickly went to Twitter to warn users to disconnect from suspicious sites, but the attack remains unclear. The official Solana Foundation @SolanaStatus page tweeted, “Engineers from multiple ecosystems, with the help of several security firms, are investigating drained wallets […]
Gucci Now Accepting Payments in Apecoin at Select Boutiques
Luxury fashion house Gucci announced today that it would start accepting ApeCoin ($APE) at select stores in the U.S. via Bitpay. In a post on Twitter, Gucci wrote, “Now accepting ApeCoin ( @apecoindao ) payments via BitPay ( @bitpay ) at select Gucci boutiques in the USA, expanding the range of cryptocurrencies available for in-store purchases, yet another step […]
Tiffany & Co. Set to Launch NFT Collection and Pendant Exclusive to CryptoPunk Holders for 30 ETH Each
Luxury jewelry & fashion powerhouse Tiffany & Co. ( @tiffanyandco ) announced today that they plan to launch a new NFT collection & accompanying custom-designed pendant on the Chain ( @chain ) protocol exclusive to CryptoPunk holders dubbed NFTiff. According to the website, which features a countdown to launch, “NFTiffs represent a collection of 250 digital passes, offered by […]
Chipotle is Giving Away $200k in Crypto With New Game “Buy the Dip”
On Monday, Chipotle (@chipotle) announced a new online game that will give customers the chance to win more than $200,000 in crypto. A Chipotle spokesperson said that “through July 31st, fans would be able to play its “Buy The Dip” game using their rewards accounts.” The prize pool features $200,000 of rewards in Ethereum, Bitcoin, […]
Ex-Coinbase Product Manager Charged With Insider Trading
On Thursday, the Southern District of New York announced the unsealing of an Indictment charging a former product manager at Coinbase, along with his brother and close friend, with wire fraud conspiracy and wire fraud in connection with a scheme to commit insider trading in cryptocurrency assets by using confidential Coinbase information about which crypto […]
Minecraft Announces Ban on NFTs and Blockchain Integrations
Yesterday, gaming giant Minecraft (@minecraft) announced that integrations of NFTs and blockchain technologies would no longer be supported or allowed on the platform. In a post, Mojang Studios, which Microsoft owns, wrote that “NFTs can create models of scarcity and exclusion that conflict with our guidelines and the spirit of Minecraft. To ensure that Minecraft […]
Polygon Launches New EVM Compatible ZK Scaling Solution
Ethereum Layer 2 scaling solution Polygon (formerly Matic) announced today the launch of a new Zero Knowledge Proof scaling solution dubbed zkEVM. zkEVM inherits the security of Ethereum while increasing throughput and radically reducing fees. EVM-equivalence means that any smart contract or dev tool that you can use on Ethereum can be used on Polygon […]
NFT Marketplace Opensea Lays Off 20% of its Staff
Today, co-founder and CEO of NFT marketplace giant Opensea, Devin Finzer, announced that the company would be laying off roughly 20% of its current workforce. The news comes only a few months after OpenSea received an additional $300 million in funding, putting its valuation at a whopping 13.3 billion dollars. Finzer wrote in a note […]
Elon Musk Bails on $44 Billion Dollars Twitter Acquisition
On Friday, billionaire Elon musk announced plans to terminate his $44 billion dollar deal to acquire Twitter. News comes more than 3 months after Elon originally expressed interest in acquiring the social media giant. Twitter says it plans to pursue legal action to enforce the agreement. “The Twitter Board is committed to closing the transaction […]
Reddit Launches New NFT Avatar Marketplace on Polygon Network
Today, Reddit announced the launch of its new NFT marketplace that allows you to purchase blockchain-based avatars for a fixed rate. No need for a crypto wallet to start – a credit or debit card will allow you to join the social networks latest venture in just a few clicks. The limited-edition avatars, which can […]