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🚀Kevin The Crypto Shark Doo Doo Doo🦈
🚀Kevin The Crypto Shark Doo Doo Doo🦈
| We hope your Thursday goes well, Geckos! Poly Network reported that the hackers behind the crypto heist had returned $260 million of the stolen $613 million, with the remainder on Ethereum (ETH) and Polygon (MATIC) chain.
The individual claiming responsibility for the breach stated they did it "for fun," intended to "expose the vulnerability" before others could exploit it, and planned to return the tokens, according to communications published by crypto tracking firms Elliptic and Chainalysis.
According to CipherTrace, the $600 million Poly Network exploit significantly outstripped the sum of $474 million in criminal losses recorded by the whole DeFi sector between January and July.
In today's news, the senate has passed the infrastructure bill, Kevin O'Leary partners with FTX, and Coinbase removes the promise of USDC's cash backing. Read on! | | |
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| | Our cute Analyst, Erina, wrote an article on decentralized crypto domains, featuring four naming protocols (ENS, UD, HNS and YAT).
She believes these naming protocols will serve as the gateway to web3 and internet identity will be big. Read more here.
Or you can check out her summary here! | | | What are your inspirations?
As an artist, Reva's inspiration comes from math! Her previous experience in science, technology, and mathematics plus autonomous system simulation gives her an entirely new perspective in creating her art.
For our collaboration, she has created three beautiful pieces that depict the Gecko with her own magical touch. To learn more about Reva, click here.
Introducing the common art! This piece combines the elements of Gecko and gem stones to create a captivating colour changing art piece. Get your Candies ready for the drop in our Rewards section at 8AM EST on 13th August!
Next up, Reva has created the GemGecko Rare. Imagine looking at the infinite horizon of twirling rainbow-coloured Geckos. Beware, staring at it brings you to magical places! Join the lucky draw and stand a chance to be one of five owners of this NFT.
Looking for something astounding? Introducing this one of a kind by Reva, the GemGecko Legendary. The Gecko spins and splashes rainbows, acting as a reminder to focus on the positives around us. The 24 hour auction will begin at 8AM EST on 19th August. See you there! | | Senate Greenlights Infrastructure Bill The Senate has passed the infrastructure bill, paving the door for a $1.2 trillion investment in the country's public works with a vote of 69 to 30.
The law expands current tax reporting obligations for corporations that function as cryptocurrency "brokers," which may potentially include crypto miners, validators, and software developers.
The House of Representatives will review the infrastructure package in the fall before being mandated as law.
Decrypt | | Kevin the Crypto Shark Kevin O'Leary, the host of Shark Tank, has signed on as an official spokesperson for crypto exchange FTX and will be compensated in cryptocurrency as part of the agreement.
O'Leary stated in the announcement that institutional investors are hesitant to engage in crypto assets owing to compliance issues and that he teamed with FTX to find his own "rigorous compliance standards."
In January, O'Leary referred to Bitcoin (BTC) as a "giant nothing-burger" due to its inconsistent regulatory frameworks. Cointelegraph | | Coinbase Drops Promise Major crypto exchange Coinbase made a significant update to the USD Coin (USDC) page on its website following an audit that revealed that not all USDC's reserves were backed by cash.
Since its launch, USDC has grown in popularity as a stablecoin entirely backed by US dollars, which ran contrary to tax advisory firm Grant Horton's audit last month.
Coinbase visitors are now greeted with a message stating that USDC is backed by 100% "reserved assets" when they enter the USDC webpage. Cointelegraph |
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REVV Racing's Alpha Inaugural event has started - join now for $150k in prizes!
It is the second day of the Alpha Inaugural racing competition in the new REVV Racing blockchain game by Animoca Brands! If you have not joined yet, it's not too late to get started and compete for a prize pool of US$150,000!
Event runs through 17 August. You will need one REVV racing car NFT to play this skill-based arcade simulation game.
Get your car and head to revvracing.com!
| | | Proof of Work (PoW)
An algorithm that rewards the first person that solves a computational problem (i.e. mining) to achieve distributed consensus. Miners compete to solve difficult cryptographic puzzles in order to add the next block on the blockchain. It prevents spam and cyber attacks such as DDoS as it requires work (i.e. processing time) from the service requester. Learn about other Crypto terms here | | | | | |
D0p3 R1D3r
Gallery: Opensea
D0p3 R1D3r is a psychedelic space journey into the unknown and what space journey is complete without a trusty sidekick for cute pets. 2400 X 2400 pixels of psychedelic goodness. Edition of 20.
Check out other NFTs on CoinGecko ___________________________________________________________________
Submit your favorite NFTs here for a chance to be featured as our NFT of the Day! ____________________________________________________________________________________ |
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