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π The Cuban Missile Crisis has created a lot of salt π§
π The Cuban Missile Crisis has created a lot of salt π§
| The weekend is here, Geckos! Iron Finance's IRON Titanium Token (TITAN) and Iron (IRON) spectacular crash have left many with a sour taste, including Mark Cuban.
The famed DeFi enthusiast has called for increased stablecoin regulation after experiencing his first "rug pull".
Although Cuban admitted to being "lazy" and "not doing the math," he remained adamant about requiring better regulations on what constitutes acceptable collateral.
In response, Kraken CEO Jesse Powell slammed Cuban for acting irresponsibly through Twitter:
"Not doing your own research and YOLOing into a terrible investment because your time was worth more than your money is your problem."
We all have to pop the cherry at some point, Mark.
In today's news, Grayscale explores new crypto products, Ledger users face more convincing scams, and a piece of digital land sells for $913,000.
Read on! | | | | |
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Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk. | | Grayscale is Hunting for More Grayscale is exploring 13 new DeFi investment products, including Polgyon (MATIC) and Solana (SOL).
Since February, Grayscale has been actively considering 31 assets but has said that it takes time before approval because of both internal controls and regulations.
Grayscale has more than $34 billion in client assets which makes it the largest crypto asset manager in the world. TheBlockCrypto | | Ledger Users, BEWARE Scammers have become more resourceful since the 2020 data breach of the hardware wallet company Ledger.
Users whose data has been leaked would receive very realistic fake hardware wallets designed to steal their assets.
Ledger has since explained that the scam, which appeared around May, includes a fake letter that reiterates the "need to replace your existing hardware wallet to secure your funds" for Ledger Nanos.
CoinDesk | | Metaverses Set Record Sale
A piece of virtual land on the Decentraland (MANA) metaverse recently sold for $913,000 or 1,295,000 MANA.
Land in Decentraland (and all other metaverses) are denoted by NFTs which act as deeds of ownership.
Although this has been the record sale to date in terms of US dollars, there has been a purchase in 2018 for 2,772,000 MANA but at a lower dollar value ($211,000 at the time).
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| | ASIC Resistant Typically used within the crypto world to describe the proof-of-work protocols that aim to prevent the use of ASICs for mining. This is achieved by making certain adjustments so that an ASIC will not have any competitive advantage over consumer hardware or the inclusion of many various algorithms that make it difficult for ASICs to have an edge against regular hardware. ASIC-resistant algorithms usually aim to avoid the centralization of mining that typically occurs with ASIC machines. Learn about other Crypto terms here | | |
Tokenizing future yield may not seem like much work, but it actually involves incredibly complex mechanisms. Check out our latest report by our analyst, Win Win, on the innovations and the mechanisms involved in this space. The protocols discussed include Pendle (PENDLE), APWine (APW), Element, and Alchemix (ALCX). | | | Here are the top trending coins for this week! | | | | | | | Hey there Geckos! We would really appreciate it if you could share your feedback for our newsletter to improve ourselves better. The survey only has two questions and should take less than 2 minutes.
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