Why NFT scams are on the rise — and how to stop them
‘Lazy minting’ may seem affordable but heightens the risk of NFT theft, writes Anthem Blanchard of Herasoft. Is storing NFTs on-chain the solution?
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NFT startup Immutable valued at $2.5 billion in Temasek-led financing
Australian non-fungible tokens (NFTs) startup Immutable has raised fresh funding in a round led by Singapore’s Temasek, bringing its valuation to US$2.5 billion, the company said in a statement on Monday. See related article: Jump in NFT demand reflects crypto prices, right? Wrong Fast facts Immutable raised US$200 million in a Series C funding led…
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Coinbase blocks 25,000 Russian crypto wallet addresses
Nasdaq-listed Coinbase has blocked over 25,000 crypto wallet addresses believed to be associated with Russian individuals and entities engaging in illicit activities. See related article: US asks crypto exchanges to comply with Russian sanctions: report Fast facts Coinbase, the largest U.S. crypto exchange, said it will not impose a blanket ban on all Russian wallet…
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Aid for Ukraine: why a stranded founder turned to DAO and crypto
Stranded away from home, Web 3.0 company Everstake founder Sergey Vasylchuck realized he could still help his war-torn homeland Ukraine by raising funds through a DAO.
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Burned out on crypto? Pro tips on finding calm in a bear market
The crypto market never sleeps, but you should take a breather, advises Ben Armstrong, aka BitBoy Crypto. Here’s how to recharge and fill your cup.
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DeFi wizard Cronje’s departure sends TVL sinking
Decentralized finance (DeFi) total value locked (TVL) is taking a significant dip after pioneer and founder of Yearn Finance Andre Cronje quit crypto with his colleague and senior developer at the Fantom Foundation, Anton Nell, who announced their farewell on Sunday. See related article: Fantom overtakes Binance Smart Chain in DeFi TVL Fast facts The…
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S.Korean presidential candidate issues over 22,000 NFTs
The conservative candidate for South Korea’s March 9 presidential election, Yoon Suk-yeol, issued non-fungible tokens (NFTs) featuring images and videos of himself on Monday in an attempt to sway younger voters at the final stages of his campaign. See related article: Crypto investors are being wooed in South Korea’s tight presidential election Fast facts Yoon…
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PBOC branch chief seeks clarity on digital yuan as legal tender
People’s Bank of China (PBOC) Nanjing branch president Guo Xinming proposed amendments to the administrative law to clarify the digital yuan’s status as legal tender at China’s annual plenary session on Saturday. See related article: Digital yuan scams emerge across China as central bank readies e-CNY Fast facts See related article: Zhejiang urges its cities…
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Russian banks turn to China’s UnionPay as Visa, Mastercard pull plug
Russian banks may begin issuing credit cards with China’s UnionPay after Visa and Mastercard announced the suspension of their Russian operations due to the invasion of Ukraine, according to media reports citing the Russian central bank. See related article: Four more South Korean crypto exchanges block Russian IPs Fast facts Russian banks are also leaning…