The digital token market continued to trade lower to begin the week amid rising tensions between Russia-Ukraine and continued inflationary fears. Bitcoin fell below the $39,000 (roughly Rs. 29 lakh) mark as investors remain cautious of prevailing volatility.
Bitcoin Prices Fall While Solana Surges as Crypto Market Continues to Reel From Investor Uncertainty
OpenSea Loses NFTs Worth $1.7 Million in Phishing Attack, Investigation Underway
At least 32 users of OpenSea NFT marketplace lost their holdings to a phishing attack over the weekend. The company claims that the attack happened from outside the website, where attackers lured in users to malicious agreements. An investigation has been launched in the case
Cryptocurrency Investment Fraud: 7 More Held in Nagpur
The number of arrests in a Rs. 40-crore cryptocurrency fraud in Nagpur in which over 2,000 investors were duped reached 11, a day after the main accused, his wife, and two associates were held from Lonavala in Pune, police said.
The Myth of Crypto Decentralisation: Bitcoin, Ether, Tether, More
In reference to blockchain, decentralisation refers to the transfer of control and decision-making from a centralised entity to a distributed network, but things aren’t as black and white in the case crypto, even though they should be.
Fidelity Launches Its First Bitcoin Exchange-Traded Product in Europe
British Investment firm Fidelity International has introduced its first investment product that tracks Bitcoin in Europe called the Fidelity Physical Bitcoin ETP.
Universal Music Group Partners With Curio to Work on NFT Fan Collections Featuring Its Record Labels, Artists
Leading global music company, Universal Music Group has entered a partnership with NFT platform Curio to develop non-fungible token (NFT) collections for its record labels and artists.
YouTuber ‘Coffeezilla’ Exposes Alleged NFT Project Scam Worth $20 Million
Youtuber Coffeezilla published a video showing how an alleged NFT scam worth $20 million (roughly Rs. 150 crore) was thwarted before it went to market. The Squiggles NFT project had 230,000 followers on Twitter before being accused of being a scheme perpetrated by serial scam artists.
SelfWealth to Become Australia’s First Brokerage Firm With Crypto Offerings
Australian online share trading platform SelfWealth is set to offer crypto-related services to its base of over 100,000 users. The company is currently waiting for approvals from Australian financial watchdog AUSTRAC. In its initial phase, SelfWealth will allow users to trade in five cryptocurrencies.
Intel CEO Pat Gelsinger Calls Bitcoin ‘Climate Crisis’, Says Upcoming Blockchain Chip Will Help Curb It
Intel is working on a blockchain chip that is claimed to reduce the environmental impact Bitcoin mining. Intel CEO Pat Gelsinger says that this crypto mining chip, currently under development, will be energy efficient. Intel claims the chip to be 1000 times better in per watt performance than mainstream GPUs for SHA-256 based mining.
Fraudulent Metaverse Token on Uniswap Shows Up as Animoca Brands: Here’s What We Know
Animoca Brands, the play-to-earn and blockchain investment company with one of the largest portfolios in the space, has issued a warning around abuse of its brand. The company behind The Sandbox warned about attempted sales of a fake token bearing a misleading name and logo.