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π Another Week Another Hack
π Another Week Another Hack
| It's Monday, Geckos!
Jack Dorsey, CEO of Square and Twitter, has tweeted that Square's new division is planning to build a decentralized bitcoin exchange.
The new division, also known as TDB, is planning to achieve this by building an open developer platform to make it easy to fund a non-custodial wallet anywhere in the world.
Mike Brock, who was named to lead the initiative, has tweeted that, "We'd love for this to be Bitcoin-native, top to bottom."
In today's news, the Apes get infected, Bilaxy faced a hack, and OpenSea makes new waves in the NFT space.
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The Play-to-Earn (P2E) movement led by Axie Infinity has blossomed as the number of scholarships grew exponentially, allowing players to earn money just by playing the game.
This leads us to an interesting question; will a similar structure work for other P2E games, and more importantly, will they be able to capture the level of hype and attention that has been achieved by Axie thus far.
Our analyst, Win Win, dives in and explores other games such as Cryptoblades (SKILL)and Cometh (MUST) to see whether a scholarship program would also make sense.
Read it here! | | 24h Hot Searches Worldwide π | |
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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!
Our line-up of industry leaders is growing by the day, as we are eager to bring you the best minds and voices of the NFT space to enlighten you on the now and future of all things NFT.
With the likes of AsyncArt, Hashmask, Showtime, and World of Women in the field of Art alone, we are working with other top industry names to empower your NFT knowledge.
For a limited time only, you can still get your hands on our Early Bird Tickets at 70% Off! Don't wait, grab your tickets here! | | Bored Apes Go Mutant
The NFT project, Bored Ape Yacht Club, has raised $96 million in a public sale of 10,000 Mutant Apes in a single hour.
A further 10,000 vials of mutant serum were airdropped to let existing holders mint new apes for free.
The Mutant Apes have generated about $88.4 million in trading volume since launching, according to data from OpenSea.
Decrypt | | Bilaxy Exchange Hacked
Bilaxy Exchange reported earlier on Sunday that it has been hacked. Initially, the exchange announced via its Telegram channel that it would be pausing its services for maintenance. However, this was followed up by a tweet reporting the hack of its hot wallet.
According to Bilaxy, about 295 ERC20 tokens were stolen by the attacker. The amount stolen has yet to be confirmed, with some estimates of it being around $450 million.
CryptoPotato | | OpenSea Bursts Through $1 Billion In Trading Volume
OpenSea has been on a roll! The NFT marketplace has surpassed $1.14 billion in weekly trading volume, representing a new high.
The NFT industry is dominated by OpenSea, with 98% of trading volume occurring on the exchange.
This frenzy of trading volume can be attributed to the surge in popularity of projects such as CryptoPunks, Pudgy Penguins, Bored Ape Yacht Club, and more.
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| | | Gas
A unit of measurement of the computational effort in conducting transactions or smart contracts on Ethereum blockchain. It is equivalent to 'fuel' - how much fuel (gas) does it take to conduct the requested transaction on Ethereum network.
Learn about other Crypto terms here | | | | | |
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Gallery: Creature World
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