On July 7, the Bank for International Settlements (BIS), a financial institution owned by constituent central banks, published a framework for defending central bank digital currencies (CBDCs) against cybersecurity threats. The BIS wrote: “Recent examples of smart contract hacks, which have led to the loss of a significant amount of value in DeFi, serve as an example of the potential…
Ryan Wyatt will be stepping down as president of Polygon Labs and into an advisory role after more than a year at the firm. In a July 7 announcement, Wyatt said he planned to leave Polygon at the end of July but would be staying in the crypto space by continuing to advise the firm. Polygon’s chief legal officer (CLO)…
Bitcoin and select altcoins are finding buyers at lower levels, indicating a pick-up in positive sentiment. Source: https://cointelegraph.com/news/price-analysis-7-7-btc-eth-bnb-xrp-ada-doge-sol-ltc-matic-dot
On today’s Macro Markets show, veteran stock market and Cointelegraph analyst Marcel Pechman starts by analyzing Argentina’s 150% inflation, which proves that people continue to work and consume (somehow) even if their local currency loses its value. What is the lesson here? For starters, everyone wants free money. That explains why altcoins and airdrops continue to attract attention, regardless of…
Ryan Wyatt, president of Polygon Labs, has announced he will be stepping down from his position at the end of the month. He will be replaced by the project’s Chief Legal Officer, Marc Boiron. Wyatt, who comes from a gaming and esports past, first took the position of Chief Executive Officer at Polygon Studios in February 2022. He later transitioned…
A possible approval of a spot Bitcoin exchange-traded fund (ETF) won’t be a game changer for crypto markets, although it might benefit the leading cryptocurrency, according to a report by JPMorgan managing director Nikolaos Panigirtzoglou. Based in London, Panigirtzoglou is part of JPMorgan’s global market strategy team. He believes that a Bitcoin ETF in the United States would have a…
K33 Research, a division of the crypto brokerage firm by the same name, found that 30% of all crypto workers reside in the U.S., according to a new jobs report. And Andrews Helseth, vice president of K33 Research, said he expects it to stay that way. The report starts by sketching out the industry, which K33 says is comprised of…
Six months after launching a protocol that lets people mint NFT-like media assets on the Bitcoin blockchain, the Ordinals space is rapidly evolving. Not only are new products springing up one after another, but the Ordinals-based BRC-20 tokens are now expanding onto none other than Ethereum, the dominant NFT and token ecosystem. Two of the largest BRC-20 tokens on the…
From 2012 to present, over $30 billion in crypto has been hacked in 1,101 documented incidents, a July 7 report from SlowMist has revealed. According to the blockchain security firm, the top-five most common hacks include smart contract vulnerabilities, rug pulls, flash loan attacks, scams, and private key leaks. The losses represent roughly 2.5% of the current market capitalization of…
Zora, the NFT minting platform that recently launched its own Ethereum layer-2 scaling network to facilitate faster and cheaper minting of on-chain artwork, will now be supported by NFT marketplace OpenSea, both companies announced Friday. The news means that art pieces minted on Zora’s network can now be bought and sold on OpenSea, and that OpenSea’s suite of NFT-related tools…
