bored ape yacht club Archives

Coinbase confirms ‘Crypto Winter’

Crypto exchange Coinbase has announced new cost-saving measures. These include an indefinite suspension of hiring. The firm will also rescind certain job offers made to candidates. Looking at the recent decisions announced by big firms in the crypto space, a “crypto winter” will continue for several more weeks.

The last episode of “crypto winter” lasted from 2018 to late 2020 before prices rebounded and soared to record highs in 2021.

Crypto prices today: Bitcoin, ETH up 5%

Bitcoin is currently trading at $31,298.65, an increase of 5.05% over the previous day. Ethereum rose 5.23% over the last 24 hours to $1,889.13. Solana jumped 10.4% to $43.29, while Cardano is trading higher by 12.65% at $0.635. Avalanche (AVAX) surged 9.7% to $27.36. The global crypto market cap stands at $1.28 trillion, a 4.68% increase over the previous day.

Bored Apes co-founder criticizes Discord after NFTs worth 200 ETH snatched in exploit

Gordon Goner, co-founder of Bored Ape Yacht Club (BAYC) NFT collection, criticized Discord after its server was exploited and NFTs worth 200 Ethereum ($358,962) were stolen from users. He said the chat app is not working for Web3 communities. BAYC acknowledged the exploit on Twitter, adding, “The team caught and addressed it quickly.”

Terra’s Luna 2.0 sees dull start after failed crypto relaunch

The relaunch of Terra’s new LUNA 2.0 token has witnessed a dull start and failed to impress investors. The original Terra Chain has been rebranded as Terra Classic. Moreover, Terra was relaunched as Terra 2.0 as developers behind failed stablecoin TerraUSD voted to abandon the token in favor of creating a new blockchain and digital asset.

Russians liquidating crypto in UAE as they seek safe havens

According to a Reuters report, crypto firms in the United Arab Emirates (UAE) are being flooded with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes. Some clients are using crypto to invest in real estate in the UAE. Others want to use firms there to turn their virtual money into hard currency and stash it elsewhere. Russian clients are afraid Switzerland will freeze their assets.

Crypto prices today: Bitcoin falls 1%, ETH down 0.3%

Bitcoin is currently trading at $39,770.6, a 0.97% decline over the previous day. Ethereum is down 0.36% over the last 24 hours to $2,578.12. Solana fell 2.4% to $80.4, while Cardano is up 1% to $0.804. Meanwhile, Terra (LUNA) jumped 3% to $90.13. The global crypto market cap stands at $1.73 trillion, a 1.12% decline over the previous day.

Crypto among Ukraine’s best weapons against Russia: Ethereum co-founder

Crypto has proven a powerful weapon for Ukraine in its battle against Russia, said Ethereum co-founder Joe Lubin. He added that the crisis in Eastern Europe is becoming “a point of no return” for crypto’s steady integration into global markets. Nearly $60 million in cryptocurrency has been channeled into Ukraine as donations so far.

Bored Ape Yacht Club slammed by crypto fans for new KYC project

Creators of Bored Ape Yacht Club (BAYC) have faced backlash from its fans after the company’s latest collaboration with Animoca Brands. The project requires users to undergo know-your-customer (KYC) verification. The ape community will need to reveal their photo identities and government documents to take part in BAYC’s latest project. BAYC had tweeted out a link to a website where fans can apply.

Asking for personal information underlines the whole purpose of crypto that offers anonymity to the collectors.

Binance discusses crypto license with Dubai WTC

Binance is in discussions with Dubai World Trade Centre free zone for a virtual asset service provider license. The move comes off the back of Bahrain giving Binance an in-principal approval to be a crypto-asset service provider in the country. The global crypto exchange will support Dubai’s ambition to drive economic prosperity through digital innovation.