Mastercard, Nexo launch crypto-backed payment card
Crypto lender Nexo has partnered with global payments company Mastercard to launch the world’s first “crypto-backed” payment card. The card allows users to spend without having to sell their digital assets (such as Bitcoin), which are used as collateral to back the credit granted. The card is linked to a Nexo-provided, crypto-backed credit line. It can be used at 92 million merchants worldwide where Mastercard is accepted.
Crypto prices today: Bitcoin falls 3.2%, ETH down 4%
Bitcoin is currently trading at $39,021.2, a 3.25% decline over the previous day. Ethereum is down 4.14% over the last 24 hours to $2,917.5. Solana fell 4.9% to $97, while Cardano is trading lower by 7% at $0.88. Avalanche (AVAX) is down 5.5% to $73.4. The global crypto market cap stands at $1.81 trillion, a 3.76% decline over the previous day.
NBA Teases Ethereum NFTs for Playoffs After Launching Discord Server
The US National Basketball Association (NBA) has officially launched a new Twitter feed called NBAxNFT. The league plans to showcase all things intersecting basketball and Web3, including NFTs, gaming, and the metaverse. As part of that initiative, the NBA has established a Discord server, which already has more than 30,000 members. It also announced plans to release Ethereum NFTs tied to the current season’s playoffs.
Attacker drains $182M from Beanstalk Stablecoin Protocol
Beanstalk Farms, an Ethereum-based stablecoin protocol, was exploited for $182 million on Sunday. The attack was flagged on Twitter by blockchain security firm PeckShield. The market for Beanstalk’s BEAN stablecoin collapsed as a result of the attack. This flash-loan attack is the second nine-figure DeFi exploit in a month.
RocketX integrates 1inch and Binance to help users get best rates for tokens
RocketX Exchange has simplified crypto trading with the integration of Binance and 1inch, which supports 7 networks— Ethereum, BNB Chain (BSC), Polygon (Matic), Avalanche (AVAX), Gnosis, Arbitrum, and Optimism. This move will help users get the best rates for any token across 150+ exchanges on a single platform.