Targeted phishing scam nets $438K in crypto and NFTs from hacked Beeple account

Links posted to a fake Louis Vuitton non-fungible token (NFT) raffle were made to capitalize on a recent real collaboration between Beeple and the luxury fashion brand. 1704 Total views 38 Total shares Digital artist and popular non-fungible token (NFT) creator Mike Winkelmann, more commonly known as Beeple, had his Twitter account hacked on Sunday,…

Swiss Watchmaker TAG Heuer Now Accepts Cryptocurrency in US

Luxury watch manufacturer TAG Heuer announced it’s introducing online cryptocurrency payments for customers in the United States. The Swiss company provides the new payment option through a partnership with crypto payment processor Bitpay. Tag Heuer Partners With Bitpay to Offer US Clients Bitcoin Payments Designer and maker of luxury timepieces TAG Heuer is now accepting…

Bitcoin Pizza Day rewind: A homage to weird and wonderful BTC purchases

Happy Bitcoin Pizza Day! Before you dial for a Margherita to commemorate the world’s first real-world Bitcoin transaction, here’s a slice of trivia:What do a family holiday to Japan, a 50 Cent album, a steak dinner, and a framed cat photo all have in common? They were all paid for with Bitcoin (BTC) by members of…

Sony Announces Metaverse Push in Latest Annual Corporate Strategy Meeting

Sony, the global electronics giant, has announced it will take a more focused approach when it comes to metaverse experiences as part of its entertainment strategy. The company that owns the Playstation brand revealed that prior investments in Epic, makers of the Fortnite game, and Bungie, another gaming studio, are part of this new push.…

Bitcoin ends week ‘on the edge’ as S&P 500 officially enters bear market

Down 20% from its latest peak, the S&P 500 now meets the definition of bear market territory in a warning sign for risk assets everywhere. 2666 Total views 16 Total shares Bitcoin (BTC) struggled to recover its latest losses on May 21 after Wall Street trading provided zero respite.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC…

Ethereum’s Merge is Due in August, Barring Any Problems

The LUNA crash, the Terra disruption, and the ongoing market instability have all impacted the way people are thinking about blockchain.Despite market uncertainty, one thing is certain: Ethereum’s full upgrade to Proof-of-Stake is still in the works, and the Merge is expected to take place in August if everything goes as planned.Ethereum is Getting ReadyPreston…

Survey Shows 87% of Americans Are Stressed About Inflation and Rising Costs of Everyday Goods

As the consumer price index (CPI), a measure of prices for goods and services, hit another all-time high in April reaching 8.3%, Americans are stressed out more than ever about inflation and money. A recent survey published by the American Psychological Association shows that 87% of U.S. residents say inflation on everyday items has driven…

Terra’s amended revival plan would decrease the allocation for post-attack UST holders

Terra posted three new revisions to its revival plan. This included increasing genesis liquidity, introducing a new liquidity profile and decreasing allocation for some holders. 2975 Total views 37 Total shares After a grueling two weeks for the Terra community, the team behind the project announced revisions to their proposed revival plan for Terra (LUNA)…

My Permissionless presentation on how Coinbase is building for web3

by Surojit Chatterjee, Chief Product Officer, CoinbaseTl;dr: This week I presented our vision for building for web3 at the Permissionless conference by Blockworks. Sharing my full presentation here.

Lens: Aave Launches Decentralized Social Media Protocol Built on Polygon

Aave, one of the most prominent DeFi lending protocols, announced today the introduction of the mainet for Lens, an NFT-powered social networking protocol built on Polygon.Lens is seen as a completely user-controlled technology stack in which users have full control over their data, content, and social graph.While Lens Protocol is easily comparable to big social…