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🚀 Egyptian Dogs Get Phished

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! Happy November, Geckos!   AnubisDAO, a newly launched DeFi project that raised $60 million in a single day, has reportedly lost the funds in a phishing attack. The project was pitched as a fork of OlympusDAO (OHM), a cryptocurrency backed by its treasury holdings. The liquidity in the pool was removed around 20 hours into the fundraising, and $60 million worth of Ethereum invested in the token sale was transferred to a separate address. In today's news, Amazon Web Services intends to drive crypto settlement, the Bank for International Settlements raises concerns about stablecoins, and Ardana secures $10M in a funding round. Read on!

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AWS To Foster Crypto Settlement   According to a recent job offering, Amazon Web Services (AWS) is looking for a specialist to foster digital asset underwriting, transaction processing, and custody in the cloud. The recruited Financial Services Specialist will engage with major financial institutions and emerging fintechs to transform how they transact crypto, stablecoins, CBDCs and NFTs. Based on past job posts, Amazon's much-anticipated entrance into digital assets is expected to involve some form of payment token, dubbed as "Amazon coin." CoinDesk BIS: No Love For CBDCs   According to a Bank for International Settlements (BIS) report, stablecoins and central bank digital currencies (CBDC) may cause challenges in these markets while failing to address concerns that other fintech technologies are addressing. The authors question if stablecoins can provide permanent competitive advantages against rapidly evolving digital payment systems, such as digital ID, e-money, and mobile banking. They also argue that stablecoins might introduce new risks related to governance, payment process efficiency, consumer protection, and data privacy. CoinDesk Crypto Alchemist Scores $250M Series C   Ardana, Cardano-based (ADA) decentralized finance (DeFi) technology, has raised $10 million in a strategic funding round. The round was co-led by Three Arrows Capital and Ascensive Assets, with participation from cFund, Morningstar Ventures, Mechanism Capital, Kronos Research, FMFW, MGNR, Selini Capital, Skynet Trading, and Portico Ventures. According to the CEO, the new funds will be used to assist in building and expanding the protocol, which is currently developing two core products: a stablecoin called dUSD and decentralized exchange (DEX) dubbed Danaswap. TheBlockCrypto

You've certainly heard about crypto… but what you may not know about yet is crypto staking. Staking is a great way to benefit from simply owning cryptoassets, regardless of whether their value goes up or down! With eToro's dedicated staking service, you can enjoy simple, secure and hassle-free growth on your crypto investment. Learn more about crypto staking Cryptoassets are unregulated in some EU countries and in the UK. No consumer protection. Your capital is at risk. Off-chain   It refers to transactions occuring outside the blockchain and executed instantly. There are number of methods to do off-chain transactions. For example, two interested parties do a transfer agreement. Next, a third party faciliatete the transaction by become the guarantor in it.    Learn about other Crypto terms here NFT of the Day 🖼️ Skull Snapper Artist: Matik Gallery: MakersPlace   "I'm the one that's got to die when it's time for me to die, so let me live my life the way I want to. " Jimi Hendrix   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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