April 21, 2022

NBA Pauses Minting of The Association NFT Collections After Spotting Serious Vunerability

The National Basketball Association (NBA) revealed pausing minting of its new non-fungible token collection, dubbed – The Association – after a major loophole was detected by BlockSec. Less than a day after the league announced the minting of its Ethereum-based non-fungible token (NFT), it recognized the issues with the smart contract that triggered the “Allow...
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Binance Hires Former FCA and FINRA Regulators to Strengthen Global Compliance Efforts

World-leading crypto exchange Binance has announced the hiring of former Financial Conduct Authority (FCA) and Financial Industry Regulatory Authority (FINRA) members to its team. The two are intended to help the exchange enhance its regulatory compliance with jurisdictions around the globe. According to a press release shared with CryptoPotato, Steven McWhirter (FCA) will join the...
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Terra Users Lose $4.3M in Crypto to Phishing Scam Over 10 Days

SlowMist – a blockchain security firm – has identified dozens of crypto addresses that have appeared to fall victim to a phishing scam on the Terra network since April 12th. The scammer’s address has reportedly reeled in $4.31M in assets up until the time of writing. According SlowMist’s explanation on Twitter, $4.31 million in assets...
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Snoop Dogg Will Introduce Digital Cannabis Farms in the Form of NFTs

American rapper Snoop Dogg and his son Cordell Broadus (aka “ChampMedici”), in collaboration with MOBLAND, will create digital cannabis farms in the metaverse project. 🚨#420szn Announcement🚨 .@SnoopDogg & @champmedici are joining MOBLAND to farm digital weed 🌱🧑‍🌾 🔥Limited collection of Snoop Dogg digital weed farms🔥Exclusive content from Champ Medici Join Snoop & Champ 👉 https://t.co/DB5rTE0y1q...
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What are Bridges? Illicit use of bridges

By Heidi Wilder, Special Investigations Manager & Tammy Yang, Blockchain Researcher Part 1: What are Bridges? Bridge Basics, Facts, and Stats Illicit actors are often attracted to the newest forms of technology, and bridges are unfortunately no exception to that rule. Illicit actors are defined as individuals or groups conducting illicit activity, such as scams,...
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Michael Saylor: MicroStrategy Is the Closest to Investing in Bitcoin Spot ETF

Michael Saylor – CEO of the software platform MicroStrategy – said investing in his company is almost like allocating funds in the still nonexistent in the USA – Bitcoin spot ETF. His organization is known as one of the most prominent BTC HODLers as it owns over $5.5 billion worth of the primary cryptocurrency. MicroStrategy...
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Space Marvel Announces Its Launch – A Time-Based NFT Game To Debut In Summer Of 2022

Hanoi, Vietnam – Space Marvel is proud to announce Its Launch recently. Many people think the hype of blockchain gaming is slowly fading out, but in reality, blockchain games have become so popular that they are just moving into a different category and no longer the “new kid in town”. And Space Marvel is one...
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Coinbase Ventures Q1 recap and market outlook

Around the Block from Coinbase Ventures sheds light on key trends in crypto. Written by Connor Dempsey TLDR: Despite the market downturn, Q1 was another highly active quarter for crypto venture funding. On the infrastructure side, we’re seeing a ton of activity within cross-chain solutions and DAO tooling. New layer-1s are still being incubated. Familiar...
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Coinbase to Acquire Turkish Crypto Platform BtcTurk for $3.2 Billion (Report)

The leading US-based cryptocurrency exchange – Coinbase – has reportedly put Turkey’s digital asset platform – BtcTurk – on its radar, planning to purchase it for approximately $3.2 billion. As reported by Turkish media outlets, Coinbase could soon acquire BtcTurk in a deal worth over $3 billion. Sources close to the matter disclosed that the...
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American Idol NFTs Dropping on Theta on April 22nd

To celebrate American Idol’s 20th season, the legendary TV series partnered with Theta Marketplace to release a series of NFTs come April 22nd @ 1 PM PST. The upcoming release marks the first-ever fully licensed and authenticated American Idol NFTs. American Idol 20th Season NFT Drop The upcoming American Idol NFT drop will feature four...
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EOS Launches EVM Support in Attempt to Revitalize Platform

The web 3.0 dapp platform EOS has finished the work needed to bring the Ethereum Virtual Machine (EVM) to the network. That means developers will be able to build and transfer more blockchain applications to the network using familiar tools and coding language. EVM Meets EOS EVM is the software platform used to create decentralized...
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Bitcoin Fake Breakout To $42k, BTC Price Might Drop To $37K Again. Here’s Why

The Bitcoin price has now wiped out all the crashes that the flagship currency had experienced before Monday, April 18. The world’s first cryptocurrency even jumped a ten-day high hitting above $42,000.  After facing a bearish pull for a few weeks, Bitcoin’s first retracement towards a bull run began from $40,000 and then $41,000 level...
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Crypto Elite’s Battlegrounds Launch Initial Genesis NFT Offering on KuCoin IGO on April 25

[PRESS RELEASE – Please Read Disclaimer] The KuCoin Ventures-backed blockchain game, Crypto Elite’s Battlegrounds (CEBG), is pleased to announce that it will launch IGO on KuCoin platform on 25th April. CEBG, Beyond the Game CEBG is an online multiplayer battle royale game with an anime aesthetic. In the game, players land in the war zone,...
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Huobi Ventures Releases Annual Outlook Report, Marking a Transformative Year for the Blockchain Industry

[PRESS RELEASE – Please Read Disclaimer] Huobi Ventures, the global investment arm of Huobi Group, today announced the release of its Annual Summary and Outlook Report. The report commemorates one year since Huobi Group consolidated its various investment businesses into Huobi Ventures and established a US$100 million fund for early-stage blockchain and decentralized finance (DeFi)...
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DeFi Giant Uniswap Sweeps 50% Market Share on Polygon

Prominent decentralized exchange Uniswap accounts for almost 50% of the market share on the Ethereum layer 2 aggregator – Polygon. It managed to achieve this feat only three months after its deployment on the Polygon network. Uniswap – Market Leader on Polygon Uniswap Labs, the company behind the popular DeFi protocol, tweeted, referring to data...
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Golden Ark to Debut its World’s First Metaverse on 4/20

[PRESS RELEASE – Los Angeles, USA/California, 20th April 2022] Golden Ark is launching the first-ever Alpha Version of Metaverse platform targeting the crypto community. The platform aims to bring to the participants everything they want and need to do. From social networking to social gaming, finding different dispensaries in Ark City, and obtaining wearable 420-related...
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SBF Calls the New BNB Burn Formula “Interesting”

FTX’s CEO Sam Bankman-Fried (SBF) posted a thread of tweets where he examined the BNB burning mechanism – shortly after Binance’s cryptocurrency went through its 19th scheduled burn. The 30-year-old CEO concluded that the “burn doesn’t drive price,” but “price drives burn.” CryptoPotato reported earlier this week the latest burning of BNB, in which more than $740...
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US Sanctions Its First Cryptocurrency Mining Company —And It Is From Russia

The U.S. government has just sanctioned the first cryptocurrency mining company, which also happens to be from Russia. This comes a day after the IMF warned that Russia could potentially evade economic sanctions by mining cryptocurrencies. On April 20, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned BitRiver, a cryptocurrency mining company...
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Korea’s Largest Crypto Exchange Could Face Stricter Regulations: Report

The Korea Fair Trade Commission (KFTC) is reportedly ready to impose tougher regulations on Dunama – the parent company of the country’s largest crypto exchange, Upbit – by classifying it as a “large enterprise.” The authority deems firms with more than 5 trillion won ($4.03 billion) assets subject to stricter regulatory scrutiny, requiring them to...
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