Market
Regulation
IMF releases financial stability report, identifies risks of crypto and calls for uniform regulations
IMF noted that countries with excess energy sources can monetize it through mining of the flagship digital asset, Bitcoin.
Crime
US Secret Service has seized over $100 million worth of crypto since 2015
An assistant director of the US agency revealed that the federal agency tracks Bitcoin transactions on blockchain.
Stablecoins
Gold-backed digital assets outperform Bitcoin, Ethereum
PAXG has risen by 7.4% in 2022, while its closest competitor, XAUT, has increased by 8.5% within the same period.
Crime
Zachxbt’s investigation of Project Shura’s $1.7M rug pull leads to public wallet
Project Shura developers reportedly made over $1 million from their collections and then disappeared, leaving investors high and dry.
Exchanges
Blockchain.com aiming for IPO in 2022
Blockchain.com is looking to conduct an initial public offering and could become the latest crypto firm to go public.
Merge
Report: Ethereum foundation $1.6 billion fund is 80% ETH
Ethereum’s foundation ETH holdings presently account for almost 0.3% of the total Ether supply.
Stablecoins
Terra’s UST is now the third most valuable stablecoin
Terra’s UST trading volume pales significantly against its other rivals in the space.
Hacks
MetaMask warns Apple users of ‘phishing attack’ after scammer steals $650K in NFTs, ApeCoin from iPhone user
MetaMask advised people with Apple devices to turn off iCloud storage after an iPhone user was scammed out of $650,000 worth of NFTs and ApeCoin.
Hacks
DeFi protocol Beanstalk loses $180M in exploit, hacker gains $80M
Beanstalk, a DeFi protocol, has confirmed that it was hacked of over $180 billion via a flash loan attack yesterday.
Culture
Cardano’s Charles Hoskinson offers to help build a decentralized Twitter
Members of the crypto community have derided Hoskinson’s offer saying that it could take as long as five years for him to complete the project.
NFTs
Emirates airline launches NFT as it flies into the Metaverse
Emirates airline has revealed that it is going to convert its pavilion at the Expo 2020 in Dubai into a Web3, NFTs, and Metaverse projects center.
DEX
Uniswap launches website integration in web3 domination bid
Uniswap's new "swap widget" will allow users to swap tokens directly on any website with the widget without having to visit the Uniswap platform.