Investors lose $20.7 million in Bored Bunny NFT promoted by multiple celebrities

Popular blockchain detective Zachbxt has revealed details about a possible rug pull that occurred on the Bored Bunny NFT collection, leading to the loss of around $20.7 million. According to Zachbxt, the project is a clear rug pull. His investigations reveal that the team behind it has been involved in other shady NFT projects in …

Mytopsporstbook: Metaverse Takeover – Companies Like Nike, Ralph Lauren and the NFL Leading the Way

press release PRESS RELEASE. March 2022 – MyTopSportsbooks.com publishes their METAVERSE article showing just how parallel this virtual universe is to our reality. Mainstream Companies Take Their Cut With several traditional companies on the fence about this traditionally intangible virtual world, other big brands are taking the leap into the virtual abyss. Ralph Lauren reported …

US Bond Markets Signal Economic Downturn, Trend Forecaster Says if War Ensues ‘Odds of Recession Increase’

As Americans continue to deal with rising inflation, on Tuesday the spread between 2-year and 10-year Treasury yields inverted, signaling the U.S. economy may be headed for a recession. This week, a myriad of financial reports have noted that the U.S. dollar’s reserve currency status could be undermined. Moreover, there’s also the possibility of crude …

Bitcoin, Ethereum Technical Analysis: BTC Falls to 5-Day Low, as Nonfarm Payrolls Are Marginally Lower

Bitcoin fell to its lowest level this week, following Friday’s nonfarm payrolls report, which came in marginally below expectations. 431,000 jobs were added to the U.S. economy versus forecasts for an addition of 490,000. ETH also reacted to the news, finally moving below $3,400. Bitcoin BTC fell for the third consecutive session on Friday, as …

EU Lawmakers Back Regulation Threatening Unhosted Crypto Wallets, Defi Space

Members of the European Parliament have approved a controversial regulation that could undermine the decentralized finance (defi) sector in the EU. Some of its provisions, which are yet to be coordinated with other European institutions, aim to introduce restrictive measures for transactions involving privately managed crypto wallets. EU Parliament Moves to Introduce Verification for Defi …

LBank Exchange Will List Lilly Finance (LY) on April 2, 2022

press release PRESS RELEASE. INTERNET CITY, DUBAI, April 1, 2022 – LBank Exchange, a global digital asset trading platform, will list Lilly Finance (LY) on April 2, 2022. For all users of LBank Exchange, the LY/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on April 2, 2022. Inspired by Lillian Bay, …

Law Project Presented in Argentinian Senate Proposes to Tax Undeclared Cryptocurrency Held Outside the Country

A new law project presented in the Argentinian Senate is seeking to start a fund to pay for part of the debt the country has with the International Monetary Fund (IMF). The project, which is being pushed by members of the ruling party, would establish that Argentinian citizens have to pay taxes for certain assets …

Bored Ape Yacht Club Discord hacked, MAYC #8662 stolen

Update: The stolen Mutant Ape Yacht Club #8662 apparently belonged to the Taiwanese pop superstar Jay Chou, which seems confirmed by himself via a post on Instagram. Chou lost NFTs in the phishing attack at a total value of $550,000, including the aforementioned MAYC, a Bored Ape Yacht Club ape that was gifted to him …

Zilliqa’s breakout: A look behind the numbers

Last week’s 210% swing to the upside saw renewed interest in Zilliqa. Since peaking at $0.26 last May, a prolonged drawdown followed. To read the rest of this article, sign in or join CryptoSlate Edge. Get an Edge on the Crypto Asset Market Even though the crypto market is fast-moving and often confusing, CryptoSlate Edge …

China Jails Kidnappers That Demanded ‘Hundreds of Bitcoins’ as Ransom Payment

Chinese authorities have jailed four individuals that were accused of kidnapping one person and demanding “hundreds of bitcoins” as a ransom payment. While the alleged kidnapping is reported to have occurred in the Philippines, the cooperation between the two countries eventually led to the arrest and eventual sentencing of the Chinese kidnappers. A Ransom Demand …

Japan Considers Stricter Crypto Regulations in Light of Russia Sanctions

Authorities in Japan are planning to introduce tougher new rules for crypto operators as part of efforts to prevent Russia from using cryptocurrencies to evade sanctions. The legislative initiative comes after Tokyo asked digital asset exchanges to strengthen transactions monitoring this month. Government of Japan to Close Loopholes for Russians in Crypto Space Amid concerns …

IMF Warns Russia Sanctions Threaten to Undermine US Dollar Dominance

Financial sanctions imposed on Russia over its invasion of Ukraine may result in reduced dominance of the U.S. currency, according to a high-ranking official at the International Monetary Fund (IMF). The confrontation could lead to fragmentation of the world’s current monetary system, the top representative warned. New Currency Blocs May Emerge Amid Mounting Restrictions on …

This leading Polkadot DeFi project hit $1 billion in total value locked

Having recently won the third parachain auction slot and going live on the Polkadot mainnet this year, , Cosmos, and all major layer 1 blockchains. It offers a range of technology solutions and financial incentives via its Build2Earn and Astar Incubation Program for Web3 developers to build on top of a secure, scalable and interoperable …

This unique NFT Artwork was designed to raise money for Ukrainian Children

As an interactive NFT, Mariupol is a living piece of art. It consists of 13 different layers, with each layer having between two to four unique states. The master owner of Mariupol can choose the final appearance from amongst these states. Mariupol NFT made by 38 artists Mariupol will be available for 14 collectors; one …

BNY Mellon to become primary custodian for Circle’s USDC stablecoin reserves

Peer-to-peer payments processor Circle Internet Financial today announced that it has chosen the Bank of New York Mellon Corporation, also known as BNY Mellon, to become a primary custodian for its USD Coin (USDC) reserves. In the press release, Circle CEO and co-founder Jeremy Allaire noted: “As we continue to see exponential growth in USDC, …

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