User loses $32 million spWETH in a sophisticated phishing attack
According to crypto security firm Scam Sniffer, 9,145 users were victims of phishing attacks during August 2024, losing funds as a result.
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CBDCs won’t entirely replace cash if the US Fed gets its way
The U.S. does not want cash to go extinct in the presence of a CBDC, according to the Fed’s chairman. 2537 Total views 20 Total shares Many expect that a time could soon come when central bank digital currencies, or CBDCs, replace physical dollars once and for all. Comments from United States Federal Reserve Chairman…

‘Buy Bitcoin’ Says Expert as Argentina Imposes $10K Limit for Citizens
Argentina has reimposed capital controls, limiting citizens’ and businesses’ freedom to buy foreign currency.As Bloomberg reported on Sep. 1, the increasingly troubled South American nation took the step as the Argentine peso (ARS) suffers overwhelming losses against major fiat currencies such as the U.S. dollar.Argentina puts $10K limit on dollar accessArgentina has shown an affinity…

Industry confident in NFTs amid FTX collapse: Nifty Newsletter, Nov. 16–22
In this week’s newsletter, read about how a nonfungible token (NFT) protocol was affected by the FTX collapse leading to layoffs. Despite the effects of the FTX collapse, industry players within the NFT space are still confident in the recovery of NFTs. Meanwhile, Disney brought back metaverse-backer Bob Iger as its CEO, and check out…

Swiss Stock Exchange SIX Lists Tezos-Based ETP With ‘Baking’
Switzerland’s main stock exchange SIX has listed a Tezos-based exchange-traded product (ETP) that enables investors to generate passive income.Traded under the symbol AXTZ, the product is issued by fintech Amun AG in partnership with the Tezos Foundation. It went live for trading on Nov. 5.Passive yieldAccording to an overview of the instrument, the ETP’s investment…

MakerDAO slashes stability fees as stablecoin demand wanes
Maker hopes to reignite demand for its DAI stablecoin through the fee reduction. Decentralized finance lending and stablecoin protocol MakerDAO has adjusted stability fees across a wide range of crypto assets used as collateral on the platform.The move comes as the demand for DAI and other stablecoins has cooled amid the recent crypto market retracement,…

Bitcoin price rally at risk as gold and US dollar show signs of recovery
Analysts warn that a recovery in gold and the U.S. dollar index could negatively impact Bitcoin’s bullish momentum. 329 Total views 5 Total shares Dan Tapiero, the co-founder of 10T Holdings, said weak hands have been shaken out in the gold market. This raises the probability of a gold rally in the near term, especially…

Square’s earnings 2.5X expectations, Bitcoin revenue up 1000% in 12 months
Square’s quarterly earnings beat out expectations by more than double thanks to Bitcoin’s dramatic rally. 2607 Total views 22 Total shares U.S.-based financial services firm, Square Inc, reports that its quarterly earnings doubled analyst expectations amid booming demand for crypto assets.Global financial data provider Refinitiv had predicted Square would see earnings of 16 cents per…

Hyperledger Onboards 12 New Members Including Alibaba Cloud, Deutsche Telekom and Citi
Hyperledger has onboarded 12 new members, including such major firms as Alibaba Cloud, Citi, and Deutsche Telekom, according to an announcement published on Dec. 11.Launched in 2016, Hyperledger is an open source project created by the Linux Foundation and created to support the development of blockchain-based distributed ledgers.The new members were announced at the Hyperledger…