06 May: OpenSea Discord HACKED!


“Every success story is a tale of constant adaption, revision and change.”
-Richard Branson

--NO TAX ON CRYPTO PROFITS!-- 

Happy Friday Folks! Well it might not be so happy for some, the most covered news this morning is the OpenSea Discord server hack and used to promote a scam NFT pass. The crypto market isn't as happy as well as it continue to drop lower. Assets covered today is $ADA, $APE, $AXS, $TRX, and newcomer $GAL. While it's not getting a lot of press, JUNO team sent $36M to the wrong address; OUCH! Check out the Podcast below and watch Data Dash to see his analysis on the market. 

MOST COVERED

CRYPTO MARKET WATCH

  • Crypto market slumps to 2-month low as bulls fail to sustain the rally (Finbold)

BITCOIN

  • Bank of America Proves Bitcoin Is Not Portfolio Diversifier (UToday | BIC)
  • Bitcoin Risks $28k Bottom After Worst Plunge In 2 Months — BTC Sell-Off Takes Unexpected Turn (ZyCrypto)
  • Six Weeks of Red, is the Bitcoin Cycle Happening? (Trustnodes)

ALTCOINS

CBDCs/STABLECOINS

  • 90% of surveyed central banks are exploring CBDCs — BIS (Cointelegraph)
  • Cardano and IOST Announce Plans to Launch Algorithmic Stablecoins (EWN)

AIRDROP

  • Ethereum bridge Hop Protocol unveils token and airdrop for early users (TB)

ANALYST'S CORNER

  • Mike McGlone: Bitcoin's rocky road to becoming a risk-off asset: analysts investigate (Cointelegraph)
  • Guy: Cardano Adoption Is Surging, According to Coin Bureau – Here’s Its Forecast on the Future of the Ethereum Competitor (TDH)
  • Coinmarketcap: Crypto expert panel projects Ethereum to peak above $5,700 by end of 2022 (Finbold)
  • Coinmarketcap: Crypto community projects over 40% upside for VeChain by May 31, 2022 - $0.06589 (Finbold)
  • Jason Goepfert: ‘Someone is blowing up’ — Bitcoin sees 2022 volume record amid hopes capitulation is over (Cointelegraph)
  • David Gokhshtein: "SHIB Has a Great Model," Believes Next 12 Months Might Be Key for Shiba Inu (UToday)

NOTABLE VOICES

  • Bill Lee: $DOGE Wallet Founder Makes ‘Largest Commercial Dogecoin Transaction’ in History (Cryptoglobe)
  • Philip Davis: 'Regulations are in place to help crypto businesses understand operations,' says The Bahamas PM (Cointelegraph)
  • Charles Hoskinson: On How Cardano Could Have 3rd Largest DeFi TVL (Bitcoinist)
  • Dan Held: Kraken’s Dan Held Says Bitcoin (BTC) Supercycle Still in Play As Fundamental Factors Have Never Been So Bullish (TDH)
  • Peter Schiff: Gold Bug Still Bemoans Bitcoin Mining, But Against an Outright Ban (BIC)
  • Ran Neuner: Crypto Influencer Says Cardano Has ‘No Working DEX’, Charles Hoskinson Disagrees (Cryptoglobe)

PEOPLE ON THE MOVE

  • NFT project Doodles appoints former Billboard executive as new CEO (TB | Decrypt)
  • Latest in Crypto Hiring: 21Shares Nabs State Street Exec (Blockworks)
  • Revolut's new crypto head departs as it gears up for digital assets push (TB)
  • Marshall Wace makes new hire for digital assets team: Bloomberg (TB)
  • Ledger CEO Meets Jamie Dimon (Trustnodes)

ACCEPTANCE/ADOPTION

  • 10 Million Cash App Accounts Have Purchased Bitcoin, Jack Dorsey’s Block Brags (Blockworks
  • El Salvador’s central bank accepts Qredo's registration to provide crypto services (Cointelegraph)

WEB3

  • Are Tokenized A.I. Pets Sustainable in the Metaverse? (BIC)
  • Google is building a web3-focused team (TB | Cointelegraph)
  • Spotify Builds Own Island In The Metaverse With Roblox (Bitcoinist)
  • There’s more to NFTs than just PFPs — 5 ways nonfungible tokens will transform industry (Cointelegraph)
  • Multicoin Capital down 95% on its 8-figure investment in NFT project Loot (TB)
  • Ready Games will help developers upgrade their games to Web3 (Cointelegraph)

ETFs

  • SEC Greenlights Valkyrie Bitcoin Futures ETF, but No Sign of Spot Yet (BIC | Cointelegraph)
  • Coinbase Loses $593,000,000 in Bitcoin (BTC) in Less Than a Day As BTC ETF Inflows See Massive Spike (TDH)
  • Grayscale’s GBTC and ETHE products now available on Robinhood (Cointelegraph | EWN)

CEFI/DEFI

  • Finance Redefined: DeFi protocols lost $1.6B, EU to rethink DeFi approach and more (Cointelegraph)
  • Curve Dethroned as Largest DeFi by TVL: See New Leader (UToday)

EXCHANGES/BANKS

  • Is Dubai the New Crypto Hub? Binance Success Leads to Further Crypto Expansion (BIC)

BLOCKCHAIN

  • Eager to work: Bitcoin switch to proof-of-stake remains unlikely (Cointelegraph)
  • Blockchain technology to power De Beers’ diamond production (Cointelegraph)
  • $ADA: IOG Launches ‘Essential Cardano’ in Open Beta (Cryptoglobe)
  • Transfer Error Worth $36 Million in Crypto Sent to Ether Blockchain (UToday | Coindesk)

MINING

  • Controlling 17% of BTC hash rate: Report on publicly listed mining firms (Cointelegraph)
  • New York environmental committee will not consider Bitcoin mining ban bill (Finbold)
  • GPU maker NVIDIA settles with the SEC over crypto mining disclosure issues (TB | Blockworks)
  • Test: Here’s how much you can earn monthly with cheap $600 crypto miner (Finbold)

LEGISLATION/REGULATION

  • Crypto mixer sanctioned by US Treasury for role in Axie Infinity hack (Cointelegraph)
  • Colorado lawmakers advance bill to study use of security tokens for raising state capital (TB)
  • Court Hits BitMEX Co-founders With $30M in Civil Monetary Penalties (CryptoPotato | Bitcoinist)
  • China’s Crypto Stance Takes A Hit As Shanghai’s Top Court Upholds Bitcoin As Property (ZyCrypto)

FOLLOW DAT MONEY

  • Amber Group is raising again after securing $200 million in February (TB)
  • What Does Binance’s Investment in Twitter Mean for the Social Network’s Future? (Blockworks)

MISC

  • The Popularity of Crypto Online Gambling in Canada (NewsBTC)
  • Africa’s top golfers to shoot for Bitcoin prize on Sunshine Tour (Cointelegraph)

ATTACKS/HACKS/SCAMS

  • Crypto Scammers Using Deepfakes To Trap Victims: NortonLifeLock (Bitcoinist)

PODCASTS

 

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TheCryptoCurator
TheCryptoCurator

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post. If you want to sign up for SMS alerts - text CRYPTO to +1 (214) 380-2013.


The Crypto Curator
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