CAT Financial News

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Kevin Rose, the co-founder of Moonbirds non-fungible tokens (NFTs) and the CEO of Proof Collective, has fallen victim to a phishing attack due to which he lost about $1.1 million worth of tokens.Some of the stolen NFTs include The Currency artwork by popular British artist Damien Hirst, one Autoglyph, 25 Art Blocks, one Cool Cat, as well as nine OnChainMonkey tokens, among others. "I was just hacked, stay tuned for details - please avoid buying any squiggles until we get them flagged (just lost 25) + a few other NFTs (an autoglyph)," the entrepreneur said in a tweet. In a thread retweeted by Rose, Arran Schlosberg, the vice president of Proof Collective, provides his take on how the hacker managed to seize control over the businessman’s NFT collection. On the evening of January 25, Rose "was phished into signing a malicious signature that allowed the hacker to transfer a large number of high-value tokens. Here is a breakdown of what happened, our immediate response, and our ongoing efforts," Schlosberg said.

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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

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The pound’s spike on 20 October after UK prime minister Liz Truss’ exit turned out to be a dead cat bounce, as the currency dropped below pre-resignation levels the following day.

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OpenSea has adopted OpenRarity — a scarcity tracking tool that allows buyers to check the rarity of a specific non-fungible token (NFT).

A piece of proposed legislation in the House of Representatives would put a two-year moratorium on creating algorithmic stablecoins. According to Bloomberg’s latest version of the legislation, it would be illegal to create or issue new “endogenously collateralized stablecoins.” 

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A study by the UK-based market research firm Juniper Research recently analyzed the trajectory of the non-fungible token (NFT) market over the next five years. It has predicted that the number of global NFT transactions will hit the 40 million-mark by 2027.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

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It is no secret that NFTs have taken the crypto world by storm. From fads to outright scams, NFTs have been pretty much-called everything. However, the NFT craze has given the world works of digital art that have been sold for million with pieces featuring the famous “Bored Ape Yacht Club”, a collection of cat images called CryptoKitties.

Bitcoin [BTC] looked like it was headed for more downside last week, especially on 26 May when it threatened to dip below $28,000. Fast forward today and Bitcoin has bounced back to 30,600 at press time.

Solana’s price is preparing for a quick run-up to significant resistance levels. While this rally might cause many traders to get euphoric, it will be nothing but a dead cat bounce. One that will likely catch many investors off-guard. 

The entire crypto market is trying to recover from the recent crash. However, in the case of the Polkadot token, after breaking out of a symmetrical triangle pattern on 17 May and trading above the $10 level, the bears appeared to have spotted the coin.

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Zoom launches Avatars to enter the metaverse