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| Have a great day ahead, Geckos!
A Poly Network team member revealed yesterday that the hacker who exploited $610 million from the network had shared a private key with access to the remaining funds.
The team has used the key to retrieve the remaining $141 million in cryptocurrency, which consisted of 28,953 Ethereum (ETH) and 1,032 Wrapped Bitcoin (WBTC).
Poly Network has stated that it will "gradually resume cross-chain functionality for all the assets, along with other functions, subject to full security confirmation."
In today's news, MicroStrategy increased Bitcoin holdings, the Philippines is taxing play-to-earn profits, and Alethea AI raises $16M in a private token sale.
Read on! | | |
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People have been likening the past few weeks to 2020's DeFi Summer; except this time, Non-Fungible Tokens (NFTs) are the new hot thang.
If you are interested to learn more, check out our new article as our analyst, Benjamin explores the world of avatar-based NFTs in this new cultural paradigm.
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| | Join us, as we count down to the NFT conference of the year!
GeckoCon - NFTs Gone Wild will cover a kaleidoscope of themes ranging from art, music, collectibles, gaming, sports, the metaverse, monetization, utilities and more!
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Meetup #15 is all about the Terra Ecosystem!
We'll be talking about how DeFi has led to a need for a decentralized stablecoin that is capable of scaling and how this Tendermint-based blockchain is maintaining a steady value for UST and its derivatives. Join us for a thrilling conversation with Do Kwon (Co-founder and CEO of Terraform Labs), Vol Pigrukh (Core contributor at Orion Money), and Jose Maria Macedo (Partner at Delphi Digital) this 26th August at 9AM EST. We're also throwing an AfterParty in collaboration with DAOrecords! This time we've got DR Datamosh, DJ SxO, and alongside DJ SpazeCraft to play us some music, so join the fun and vibe with us!
Secure your seats here!
| | MicroStrategy Wants More BTC
MicroStrategy has raised their Bitcoin (BTC) holdings by 3,907 BTC between July 1 and August 23, according to a Form 8-K filing with the U.S. SEC issued on Tuesday.
According to the SEC filing, MicroStrategy spent an average of $45,294 per BTC to purchase the extra Bitcoin.
With Bitcoin trading at $49,000, the company's total Bitcoin holdings of 108,992 BTC are valued at more than $5.3 billion.
Cointelegraph | | Axie Infinity is now a Job?
The Philippines Department of Finance has made clear that it would tax the profits earned by playing Axie Infinity and other play-to-earn (P2E) games amid the tremendous success of Axie Infinity in the Philippines.
However, authorities have yet to determine if Axie's in-game NFTs, Smooth Love Potion (SLP), and Axie Infinity Shards (AXS) are considered securities or currencies.
Sky Mavis, the Vietnamese gaming company that created Axie Infinity, is not currently registered with the Philippine Bureau of Revenue despite generating income in the Philippines.
Cointelegraph | | NFTs may soon take over the world
Alethea AI, the creator of the world's first "intelligent NFT," has just raised $16 million in a private token sale to support creating a metaverse populated by its bots.
According to a statement from Alethea, the token sale was participated by NFT fund Metapurse, Crypto.com Capital, Mark Cuban, Dapper Labs, BITKRAFT, Galaxy Interactive, Sfermion, and LD Capital.
Alethea's goal is to transform NFT into "fully interactive, engaging and autonomous agents that can learn and evolve from the environment," otherwise known as iNFTs.
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The Lost Ethereum
Artist: Graphicshot Gallery: Async Art
An adventurer tries to solve the mystery of the Lost Ethereum. Check out other NFTs on CoinGecko ___________________________________________________________________
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