We’re happy to announce that we have added seven new NFT collections to Kraken NFT for our clients to explore, collect and trade. After revealing dozens of NFT collections over the past few weeks, we carefully selected these new collections so you can continue to build the NFT collection of your dreams with zero gas fees.* We will continue to…
Month: April 2023
Etherscan hides zero-value token transfers to deter address poisoning attacks
According to an Apr. 10 post from Etherscan, the blockchain explorer has disabled the display of zero-value token transfers on its website by default. From now on, users must manually switch on the display from the website’s setting page. Etherscan says it made the update to deter “address poisoning” attacks that have phished and spammed unsuspecting users. “Preventing scams and…
Coinbase Chief Legal Officer: The Problem With SEC’s Howey Test Isn’t Its Age
Coinbase Chief Legal Officer: The Problem With SEC’s Howey Test Isn’t Its Age Coinbase Chief Legal Officer Paul Grewal discussed the “Howey Test,” which the SEC uses as its yard stick for whether a crypto asset should be regulated as a security, and told Decrypt’s Stacy Elliott and Dan Roberts the issue with it isn’t that it’s old (the case…
South Korean crypto exchange GDAC hacked for nearly $14M
South Korean crypto exchange GDAC has been hacked for approximately $13.9 million worth of crypto. The exchange has halted all deposits and withdrawals and is performing emergency server maintenance in response to the attack, according to an April 10 announcement from GDAC CEO Han Seunghwan. Notice on #GDAC Exchange Hack Alert⚠️ GDAC Exchange has officially announced that it has experienced…
Biggest Movers: DOGE, SHIB Consolidate to Start the Week – Market Updates Bitcoin News
Dogecoin was consolidating in today’s session, following a volatile few days of trading last week. The meme coin rose by nearly 30% last Monday, before losing these gains as the week matured. Shiba inu was largely unchanged. Dogecoin (DOGE) Dogecoin (DOGE) moved marginally higher on Monday, as prices began to settle following recent volatility. Last Monday saw the meme coin…
‘Don’t Mess with Texas Innovation’ — advocates criticize bill removing crypto mining incentives
Three crypto advocacy groups have launched a campaign in response to proposed legislation that would remove many incentives for miners operating in Texas. In an April 10 announcement, the Texas Blockchain Council, Chamber of Digital Commerce, and Satoshi Action Fund called on Texas residents to reach out to lawmakers in opposition to the state’s Senate Bill 1751. The legislation, if…
Bitcoin proponents respond to New York Times’ BTC mining report
Bitcoin proponents accused The New York Times of overstating mining companies’ emissions and omitting facts about the growing adoption of renewable energy sourc… Source: https://cointelegraph.com/public/index.php/news/bitcoin-proponents-respond-to-new-york-times-btc-mining-report
Every Crypto Project Must Reckon With the SEC’s Howey Test
Nearly five years ago, SEC official Bill Himan stood on stage at a Yahoo Finance crypto summit in San Francisco and delivered a prepared speech that concluded that Ethereum (ETH) is not a security. A footnote on the SEC’s website clarified that the speech “expresses the author’s views and does not necessarily reflect those of the Commission,” but it was…
Crypto exchange Huobi returns to profitability in Q1 after restructuring
According to an Apr. 10 post by Justin Sun, the de facto owner of cryptocurrency exchange Huobi Global, the firm recognized $150 million in revenue during Q1 2023 compared to $120 million in expenditures, resulting in a net income of $30 million. Sun says that “a large number of measures were taken to reduce costs and increase efficiency” during the…
Hackers Rob South Korean Exchange of $13M in Bitcoin, Ethereum, Other Assets
Hackers made off with roughly $13 million across a variety of cryptocurrencies after raiding the South Korean crypto exchange GDAC. The incident occurred around on April 9, with the hackers targeting the exchange’s hot wallet. The stolen assets represent roughly 23% of GDAC’s total holdings, and included 60.8 Bitcoin (BTC), 350.5 Ethereum (ETH), 10 million WEMIX tokens, and 220,000 in…