πŸ¦ŽπŸš€ It's a Penguin Takeover πŸ§πŸ”«

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    πŸ¦ŽπŸš€ It's a Penguin Takeover πŸ§πŸ”«

    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!

    A wonderful Tuesday awaits, Geckos!

     

    Lympo, a sports NFT minting platform and an Animoca Brands subsidiary, has experienced a hot wallet security breach and lost 165.2 million LYM tokens worth $18.7 million.


    According to the report, the hack compromised 10 separate project wallets.


    The price of LMT fell 92% after hackers transferred and then sold funds from the project's hot wallets.


    In today's news, Bitfarms acquires 1,000 BTC, Pudgy Penguins' community votes out founders, and Pakistan government contacts Binance over a $100M scam investigation.


    Read on!

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    Imagine a world where you can buy coins to support the city you live in... Well, today's article will be covering how a project such as CityCoins can potentially be a solution for city government and local funding!

     

    Enter the world of CityCoins πŸŒ†πŸ’°

    A Massive Stockpile Of BTC

     

    Canadian Bitcoin miner Bitfarms has added 1,000 BTC to its bitcoin holdings for a total investment of $43.2 million.


    The acquisition comes just a fortnight after Bitfarms received a $100 million loan from Galaxy Digital Holdings.


    Bitfarms has stocked up on BTC as the region's businesses benefited from the East-West shift in hashrate dominance.

     

    TheBlockCrypto

    Pakistan To Investigate Binance For Fraud

     

    Pakistan's Federal Investigation Agency (FIA) has issued an inquiry to Binance as a criminal investigation into crypto fraud.


    Binance wallets and integrated applications were reportedly exploited in the scheme to swindle roughly $100 million from Pakistani users.


    The scammers instructed Pakistani users to open a Binance account and transfer funds from their Binance wallet to the application.

     

    TheBlockCrypto

    Pudgy Penguin Ousts Founders

     

    The founders of the NFT project Pudgy Penguins were voted out after they reportedly failed to deliver on stated goals and emptied the project's treasury.


    Last September, Pudgy Penguins co-founder Cole Thereum promised a game, a token, an educational book on NFTs, and more to the community.


    Some prominent stakeholders have proposed decentralizing the project by relocating the community to a new project called Wrapped Penguins.

     

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    1. CityCoins: Can it be a Solution for City Government and Local Funding? πŸŒ† https://gcko.io/laj7mox

    2. How to Read Candlestick Charts (Beginner's Guide)
      πŸ•―οΈ https://gcko.io/wu9nvgo


    Have a read of our other guides and articles here

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