Hong Kong’s SFC cautions of nonfungible token risks
The Securities and Futures Commission (SFC) of Hong Kong issued a statement on Monday cautioning investors about the dangers of nonfungible tokens (NFTs.) According to the governing organization, “As with other virtual assets, NFTs are exposed to heightened risks, including illiquid secondary markets, volatility, opaque pricing, hacking and fraud. Investors should be mindful of these […]
CertiK gives security tips after BAYC’s third hack in 2022
Bored Ape Yacht Club (BAYC) was hacked for the third time this year on June 4th, leading to the loss of about $250,000 worth of NFTs. The sad event prompted Certik to give a few security tips. Hackers obtained access to a BAYC community manager’s Discord account and uploaded a message with a link to […]
Bitcoin (BTC) Dominance Extends To 47%, Is This Good For Market?
Bitcoin (BTC) seems to be taking a major part of the crypto market’s recent recovery when it accounts for 47% of the market. Bitcoin has gained more than 6% in the last 24 hours, reclaiming the $31,000 mark. Given that the token has been held at $30,000 for over a month, the focus now is […]
Here’s Why Cardano (ADA) Will Continue Bullish Run After Surging 14%
Cardano’s (ADA) witnessed a prolonged rally after a surge in NFT trading on the blockchain and positive crypto sentiment prompted further ADA purchases. ADA has increased by 14% in the last 24 hours to $0.624, taking its weekly gains to approximately 22%. The token has outperformed its major crypto peers in the past week amid […]
New York Community Opposes Crypto Mining Ban By Its Government
Lawyer Jake Chervinsky tweeted that he hoped the governor would veto the bill “for the sake of New York” in a statement that was widely circulated. As the state of New York advances legislation that, if passed, will prohibit proof-of-work (PoW) mining, members of the crypto community express their displeasure on social media. Jake Chervinsky, […]