Market
Legal
Canada’s “frozen” Bitcoin on the move despite draconian measures
Available data shows that the protesters frozen Bitcoin ended up in crypto exchanges like Coinbase and Crypto.com.
NFTs
One NFT trader paid $500,000 to mint 1000 Tubby Cats NFT
There are speculations that the NFT trader who paid over $500,000 in gas fees on the Ethereum network could be in profit already judging by the floor price of the collection.
NFTs
Recent “phishing attack” drops OpenSea numbers
OpenSea disagrees with the data from DappRadar, says data on Dune Analytics are more correct.
Stablecoins
Tether latest reserve attestation shows slash in commercial paper
Tether’s treasury bills and money market allocation increased significantly by 77.6% and 200%, respectively.
Analysis
Bitcoin’s TVL on Lightning Network now worth over $130 million
The adoption of Lightning Network by Twitter, El Salvador, and others have helped push its growth.
Metaverse
Manchester City new football stadium to be built in the metaverse
Manchester City believes that building a metaverse stadium could help increase its revenue.
Adoption
Is Canada planning to make the financial surveillance act permanent?
Canadians have been withdrawing their funds from traditional banks due to the financial surveillance regulations.
Crime
Report: North Korea’s “Lazarus Group” becoming more sophisticated
North Korea’s Lazarus group sits on $170 million worth of stolen and unlaundered crypto assets.
Hacks
OpenSea suffers “phishing” attack, users lose NFTs worth millions
OpenSea is still struggling to determine what happened and stated that investigations are ongoing.
Regulation
No crypto and stock investments for Feds senior officials
Fed senior officials interested in investing in either crypto and other securities would have to first inform the authorities.
NFTs
After blistering January, NFT sales decline by 30%
The cumulative sales of NFTs on LooksRare in the last seven days is over $1 billion.
Mining
Despite Bitcoin’s price falling, its mining difficulty rises to new ATH
Available data shows that there is increased competition amongst Bitcoin miners for mining new blocks.