In A Nutshell The Bored Ape Yacht Club (BAYC), a leading name in the Non-Fungible Token (NFT) realm, has witnessed its floor price plummet to an all-time low since August 2021. Currently, the price stands at 11.1 Ether (ETH), marking a 90% drop from its peak. This decline is reflective of a larger trend affecting…
In A Nutshell Trust Wallet, a notable crypto wallet provider, has issued an urgent advisory for Apple users to disable iMessage. This action comes in response to “credible intel” regarding a zero-day exploit being marketed on the Dark Web for $2 million. The exploit purportedly enables hackers to gain control of iPhones without any interaction…
In A Nutshell The Bank for International Settlements (BIS) has laid out a comprehensive vision for a global financial system of the future, dubbed as “Finternet,” that leverages unified ledger technology. This innovative framework aims to address and rectify many of the inefficiencies present in the current financial system by streamlining transactions, enhancing compliance, and…
In A Nutshell The Filecoin Foundation is actively investigating the detainment of Filecoin Liquid Staking (STFIL) team members by local Chinese police. This follows a significant disruption in the STFIL protocol, where $23 million worth of Filecoin (FIL) tokens were unexpectedly transferred, leading to the suspension of withdrawals. The foundation has engaged a legal representative…
In A Nutshell The Bitcoin community is on the verge of experiencing one of its most significant events — the 2024 halving. This event, which slashes the reward for mining new blocks in half approximately every four years, is anticipated to have profound implications for both the mining sector and Bitcoin’s market value. As the…
In A Nutshell The Reserve Bank of Fiji (RBF) has recently issued a stark warning against the use of cryptocurrencies as a form of payment or investment, marking a significant turn from the Fijian prime minister’s earlier perceived openness towards integrating Bitcoin into the economy. This announcement has cast a shadow over the hopes for…
In A Nutshell The Grand Base (GB), a protocol facilitating the tokenization of real-world assets on Coinbase’s native layer-2 blockchain, recently reported a significant security breach leading to a loss of $1.7 million. The incident, caused by a private key leak, has resulted in the theft of tokens from its liquidity pools and a subsequent…
In A Nutshell Cryptocurrency exchange OKX has officially unveiled its Ethereum-based layer-2 network, known as X Layer, to the public. Launched on April 15, this innovative network aims to offer lower transaction fees and enhanced interoperability among decentralized applications (DApps). By leveraging Polygon’s chain development kit (CDK) for its infrastructure, X Layer utilizes zero-knowledge proofs…
In A Nutshell VALR, a South African cryptocurrency exchange, has achieved a significant regulatory milestone by securing two crypto asset service provider (CASP) licenses from the Financial Sector Conduct Authority (FSCA). This development positions VALR as one of the first cryptocurrency firms in the country to be awarded both Category I and II licenses, marking…
In A Nutshell The Solana Foundation has launched an update for its mainnet beta, version 1.17.31, aimed at addressing the recent issues of network congestion. This update, which integrates several improvements, was deployed on April 12 and is now advised for all mainnet beta validators after a successful three-day testing period. These enhancements are expected…