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July 2022

Hacker drains .08M from Audius following passing of malicious proposal

Hacker drains $1.08M from Audius following passing of malicious proposal

A malicious governance proposal (Proposal #85) requesting the transfer of 18 million Audius’ in-house AUDIO tokens worth $6.1 million was approved via an exploit. Proposals in crypto help communities make consensus-based decisions. However, for decentralized music platform Auduis, the passing of a malicious governance proposal resulted in the transfer of tokens worth $6.1 million, with […]

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Market Wrap: Bitcoin Finishes the Week in Positive Territory Again

Market Wrap: Bitcoin Finishes the Week in Positive Territory Again

Bitcoin finishes strong, sees correlations with traditional markets narrow to prior levels. Hi, I’m Glenn Williams Jr., here to take you through the day’s crypto market highlights and news. Bitcoin (BTC) advanced slightly on Friday to trade just over $23,000, recently up 0.6% over the past 24 hours. Friday’s performance resulted in a 14% increase

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Netflix’s earnings results mark pivot point for streaming giant, for better or worse

Netflix’s earnings results mark pivot point for streaming giant, for better or worse

KEY POINTS Netflix’s second-quarter results could turn out to be a pivot point for the company. The results may have set a floor for Netflix’s subscriber losses, leading to a new period of sustained gains. It’s also possible its maneuvers to restart growth will prove ineffective, and the second quarter will mark the end of

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Taiwan Moves to Ban the use of Credit Cards to Acquire Cryptocurrency

Taiwan Moves to Ban the use of Credit Cards to Acquire Cryptocurrency

Taiwan through its Financial Supervisory Commission (FSC) has moved to ban the use of credit cards in purchasing cryptocurrencies. As per reports from local media, the FSC in a letter to the local banking association earlier in the month instructed credit card operators to sever ties with crypto firms. According to the FSC, credit cards

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Finland Sells 1,889 Seized Bitcoins for  Million — Proceeds Going to Ukraine

Finland Sells 1,889 Seized Bitcoins for $47 Million — Proceeds Going to Ukraine

Finland has sold 1,889 bitcoins seized in narcotic cases for 46.5 million euros ($47.4 million). The country’s finance minister previously said that the bitcoin sale proceeds will go to Ukraine for humanitarian aid and reconstruction as its war with Russia continues. Finland Sells Bitcoin Seized From Narcotic Offenses Finnish Customs (aka Tulli), the customs service

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NFTs are coming for the loyalty perks programs at brands like Budweiser

NFTs are coming for the loyalty perks programs at brands like Budweiser

KEY POINTS NFTs, or non-fungible tokens, have come for just about every corner of the internet and every business willing to throw money at what’s been dubbed “Web3” — a hypothetical, future version of the net based on blockchain technology. Hang, a new B2B startup in the fledgling space backed by investors including Allbirds, Warby

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Taiwan Set to Ban Crypto Purchases Using Credit Cards: Report

Taiwan Set to Ban Crypto Purchases Using Credit Cards: Report

The country’s financial regulator sent a letter to the banking association asking credit card companies to stop taking on crypto firms as merchants. Taiwan’s Financial Supervisory Commission (FSC) is looking to stop the use of credit cards for crypto purchases, according to local media reports. The FSC told Forkast News on Friday that it had issued a letter

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Fans seek trust and better understanding of sports NFT market: Research

Fans seek trust and better understanding of sports NFT market: Research

The prolonged crypto winter razed off the inflated floor prices across the NFT ecosystem, inadvertently changing investor sentiment and forcing users to rethink their long-term investment strategies. The heavy involvement of the sports ecosystem is what expedited nonfungible tokens’ (NFT) mainstream adoption as the teams and players leveraged the technology for fan engagement. However, sports fans revealed

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Campaigners In California Can Now Receive Donations in Cryptocurrency

Campaigners In California Can Now Receive Donations in Cryptocurrency

California campaigners may now receive donations through Bitcoin (BTC) and other cryptocurrencies. The candidates for both local and state offices in the state can now breathe a sigh of relief as the state’s campaign regulator has lifted a four-year ban on crypto donations and contributions. According to the regulation document, there should be plans to

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Biggest Movers: DOGE Drops Towards alt=

Biggest Movers: DOGE Drops Towards $0.05900 Support Level Despite Elon Musk Comments

Dogecoin was down for a third straight session, despite Elon Musk stating earlier this week that Tesla was still holding the token. Polygon was also down, falling by almost 10% to start the weekend, as cryptocurrencies fell back into the red on Saturday. As of writing, the global crypto market cap is trading 4.81% lower.

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