😎 The Rainbow Bridge hack over the weekend saw funds returned in 31 seconds with no harm to users, but the attackers lost 5 Ethereum in the process.
https://decrypt.co/108015/nears-rainbow-bridge-blocks-another-attack-costing-hackers-5-ethereum
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https://decrypt.co/108015/nears-rainbow-bridge-blocks-another-attack-costing-hackers-5-ethereum
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Decrypt
Near’s Rainbow Bridge Blocks Another Attack, Costing Hackers 5 Ethereum - Decrypt
The Rainbow Bridge hack over the weekend saw funds returned in 31 seconds with no harm to users, but the attackers lost 5 Ethereum in the process.
👀 AMM protocol SudoRare disappears from the internet with 519 ETH.
https://cointelegraph.com/news/amm-protocol-sudorare-disappears-from-the-internet-with-519-eth
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https://cointelegraph.com/news/amm-protocol-sudorare-disappears-from-the-internet-with-519-eth
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Cointelegraph
AMM protocol SudoRare disappears from the internet with 519 ETH
A crypto community member was first to point out a suspicious transaction that drained substantial funds off SudoRare using LOOKS and USDC tokens.
👣 DeFi Kingdoms to leave Harmony for metaverse-focused blockchain Klaytn.
https://www.theblock.co/post/164497/defi-kingdoms-to-leave-harmony-for-metaverse-focused-blockchain?utm_source=telegram1&utm_medium=social
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https://www.theblock.co/post/164497/defi-kingdoms-to-leave-harmony-for-metaverse-focused-blockchain?utm_source=telegram1&utm_medium=social
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The Block
DeFi Kingdoms to leave Harmony for metaverse-focused blockchain
Blockchain-based game DeFi Kingdoms (DFK) has found a new home for the Serendale-based part of its game on the metaverse-focused blockchain Klaytn.
🪫 Digital asset market lost $1B in the week of Aug 15.
https://cryptoslate.com/digital-asset-market-lost-1b-in-the-week-of-aug-15/
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https://cryptoslate.com/digital-asset-market-lost-1b-in-the-week-of-aug-15/
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CryptoSlate
Digital asset market lost $1B in the week of Aug. 15
The digital asset market saw outflows totaling $1 billion. The current market size is 55% smaller than the year average.
👻 ‘Witcher’ Animator Launches DRKVRS Game, NFTs to Bridge Cyberpunk With Horror.
https://decrypt.co/107971/witcher-animator-launches-nft-game-drkvrs-to-bridge-cyberpunk-with-horror
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https://decrypt.co/107971/witcher-animator-launches-nft-game-drkvrs-to-bridge-cyberpunk-with-horror
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Decrypt
‘Witcher’ Animator Launches DRKVRS Game, NFTs to Bridge Cyberpunk With Horror - Decrypt
The new project with Aleph Zero aims to bring elements of Cyberpunk 2077 into an R-rated cosmic horror experience.
👆🏼 Pudgy Penguins Ethereum NFTs pump 83% as Meta, Nansen execs join advisory board.
https://decrypt.co/107974/pudgy-penguins-ethereum-nfts-pump-83-as-meta-nansen-execs-join-advisory-board
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https://decrypt.co/107974/pudgy-penguins-ethereum-nfts-pump-83-as-meta-nansen-execs-join-advisory-board
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Decrypt
Pudgy Penguins Ethereum NFTs Pump 83% As Meta, Nansen Execs Join Advisory Board - Decrypt
The Pudgy Penguins Ethereum NFTs are seeing big gains as the rarest NFT in the collection sold for over $600,000 Monday.
👤 Javier Milei, Argentina’s eccentric Bitcoiner presidential candidate, is being sued for allegedly promoting a crypto ponzi scheme.
https://decrypt.co/107990/argentine-presidential-candidate-sued-over-alleged-crypto-ponzi-scheme
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https://decrypt.co/107990/argentine-presidential-candidate-sued-over-alleged-crypto-ponzi-scheme
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Decrypt
Argentine Presidential Candidate Sued Over Alleged Crypto Ponzi Scheme - Decrypt
Javier Milei, who wants to be the next president of Argentina, promoted CoinX on Instagram last year. Now would-be investors want to sue.
◽️ Crypto exchange FTX is set to make the best buyout deal this year when it finalizes terms to acquire BlockFi.
The sale price ($15 million) is a far cry from the $3 billion value BlockFi obtained during a March investment round wherein the company secured $350 million.
Sources added that FTX US would pay $25 million more if BlockFi wins an important regulatory clearance from the U.S. Securities and Exchange Commission by December 31 for BlockFi Yield. Moreover, if BlockFi’s client assets reach a minimum of $10 billion by October 2023, FTX US will pay an additional $100 million.
https://bitcoinist.com/ftx-could-buy-out-blockfi/
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The sale price ($15 million) is a far cry from the $3 billion value BlockFi obtained during a March investment round wherein the company secured $350 million.
Sources added that FTX US would pay $25 million more if BlockFi wins an important regulatory clearance from the U.S. Securities and Exchange Commission by December 31 for BlockFi Yield. Moreover, if BlockFi’s client assets reach a minimum of $10 billion by October 2023, FTX US will pay an additional $100 million.
https://bitcoinist.com/ftx-could-buy-out-blockfi/
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🛡 Crypto.com gets data privacy boost with SOC 2 Type II certification.
https://watcher.guru/news/crypto-com-gets-data-privacy-boost-with-soc-2-type-ii-certification
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https://watcher.guru/news/crypto-com-gets-data-privacy-boost-with-soc-2-type-ii-certification
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Watcher Guru
Crypto.com gets data privacy boost with SOC 2 Type II certification
To avoid any such occurrences, prominent crypto exchange, Crypto.com went on to complete the Service Organization...
💬 Billionaire investor Mark Cuban has lambasted the U.S. Securities and Exchange Commission (SEC) chair Gary Gensler for the agency’s unclear regulations.
https://decrypt.co/108019/mark-cuban-slams-sec-chair-genslers-stance-on-crypto
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https://decrypt.co/108019/mark-cuban-slams-sec-chair-genslers-stance-on-crypto
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Decrypt
Mark Cuban Slams SEC Chair Gensler's Stance on Crypto - Decrypt
Billionaire investor Mark Cuban took aim at SEC chair Gary Gensler, urging him to publish 'bright line guidelines' for crypto firms to follow.
Coins ( ₿ )
🔲 NFT lender BendDAO begins vote to change protocol amid liquidity crisis. https://www.theblock.co/post/164828/nft-lender-benddao-begins-vote-to-change-protocol-amid-liquidity-crisis?utm_source=telegram1&utm_medium=social 📍 Follow @Coins for the hottest…
🤔 BendDAO’s new liquidation mechanism could see popular NFTs like Bored Apes available for sale at discount prices.
https://www.theblock.co/post/164987/benddao-fixing-nft-liquidations-could-lead-to-bored-apes-selling-at-a-discount?utm_source=telegram1&utm_medium=social
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https://www.theblock.co/post/164987/benddao-fixing-nft-liquidations-could-lead-to-bored-apes-selling-at-a-discount?utm_source=telegram1&utm_medium=social
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The Block
BendDAO fixing NFT liquidations could lead to Bored Apes selling at a discount
A vote has passed that will enable BendDAO to carry out major protocol changes, incentivizing healthy NFT liquidation auctions.
⚖️ A Coinbase user is suing the exchange for $5 million for failure to provide the secure crypto wallet access that it advertises.
https://www.theblock.co/post/165003/coinbase-faces-class-action-for-crashing-during-volatility-listing-securities?utm_source=telegram1&utm_medium=social
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https://www.theblock.co/post/165003/coinbase-faces-class-action-for-crashing-during-volatility-listing-securities?utm_source=telegram1&utm_medium=social
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The Block
Coinbase faces class action for crashing during volatility, listing securities
A new class-action lawsuit is asking for $5 million in damages from Coinbase over the exchange's habit of crashing during market volatility.
🔶 Binance will introduce zero-fee trading for the ETH/BUSD spot trading pair at 2022-08-26 00:00 (UTC).
https://www.binancezh.jp/en/support/announcement/5d8f9c0a68e24b82bff743a342dfa9b9
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https://www.binancezh.jp/en/support/announcement/5d8f9c0a68e24b82bff743a342dfa9b9
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www.binancezh.jp
Binance Launches ETH/BUSD Zero-Fee Trading | Binance Support
Fellow Binancians, Binance will introduce zero-fee trading for the ETH/BUSD spot trading pair at 2022-08-26 00:00 (UTC). Validity Period : 2022-08-26 00:00 (UTC) until 2022-09-26 00:00 (UTC). Al...
▪️ Malaysian regulators add Huobi to investor alert list.
https://cointelegraph.com/news/malaysian-regulators-add-huobi-to-investor-alert-list
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https://cointelegraph.com/news/malaysian-regulators-add-huobi-to-investor-alert-list
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Cointelegraph
Malaysian regulators add Huobi to investor alert list
The local regulatory authorities tweeted that exchanges are risky because they are left unchecked and losses can’t be resolved legally.
🧐 Bitcoin mining to cost less than 0.5% of global energy if BTC hits $2M: Arcane
https://arcane.no/research/how-much-energy-will-bitcoin-consume-in-the-future
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https://arcane.no/research/how-much-energy-will-bitcoin-consume-in-the-future
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k33.com/research
How much energy will Bitcoin consume in the future?
This article estimates the development in Bitcoin's energy usage towards 2040. Will it become so massive that Bitcoin will be unable to scale, or will it be too low to secure the system? Or maybe somewhere in the middle? Let's find out.
✔️ 3AC Liquidators Granted Approval to Probe Financial Records in Singapore
https://cryptopotato.com/3ac-liquidators-granted-approval-to-probe-financial-records-in-singapore/
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https://cryptopotato.com/3ac-liquidators-granted-approval-to-probe-financial-records-in-singapore/
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CryptoPotato
3AC Liquidators Granted Approval to Probe Financial Records in Singapore
The BVI-appointed liquidator Teneo had earlier filed a petition with the Singapore High Court to liquidate 3AC’s assets in the city-state.
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👀 Uniswap eyes NFT financialization, in talks with lending protocols
https://twitter.com/Scott_eth/status/1562075758885244928
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https://twitter.com/Scott_eth/status/1562075758885244928
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🏛 Crypto whale Cobie donates $100,000 to YouTuber sued by BitBoy
https://twitter.com/cobie/status/1562220965253218304
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https://twitter.com/cobie/status/1562220965253218304
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Twitter
@koreanjewcrypto @atozy ill send 100k or somethin later when at pc
🌐 Huobi Tech Obtained MSB License in Canada Further Expanding Regulated Business Globally.
https://www.huobitech.com/about-us/news/press-releases/huobitech_obtained_msb_license_in_canada.html
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https://www.huobitech.com/about-us/news/press-releases/huobitech_obtained_msb_license_in_canada.html
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🔄 THORSwap has integrated own full-featured Ethereum DEX Aggregator to swap thousands of ERC-20 tokens across 8+ L1 blockchains in a single transaction, right from your own self-custody wallet.
https://twitter.com/THORSwap/status/1562080383398645763?s=20&t=iHnkkCZQZ9x5LRqsFdb1KA
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https://twitter.com/THORSwap/status/1562080383398645763?s=20&t=iHnkkCZQZ9x5LRqsFdb1KA
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