We hope that you're having an upbeat Wednesday! Here are your daily stories about an optimistic forecast for BNB price, Coinbase's NFT movie, and the latest scams plaguing the crypto industry. Read on!
BNB, the native token of the Binance exchange, is forecast to end the year priced at USD 274, and potentially hit USD 781 by 2025, and USD 1,814 by the end of 2030, according to a recent survey by personal finance comparison site Finder.com.
Funding rates in the market for bitcoin (BTC) and ethereum (ETH) perpetual futures contracts reveal that most crypto derivatives traders continue to lean bullish, despite falling spot prices over the past 24 hours, shows the data from Coinglass.
Coinbase has released the first part of its Bored Ape Yacht Club (BAYC)-featured movie called "The Degen Trilogy." Meanwhile, the company's shares continue to tumble as the US Securities and Exchange Commission (SEC) launched a probe into whether the exchange has listed unregistered securities.
Layer-1 blockchain Harmony has proposed to mint billions of its ONE tokens in order to reimburse the victims of the Horizon bridge hack that saw around USD 100m of user funds stolen.
An analysis of recent hacks targeting non-fungible token (NFT) projects carried out through the social media platform Discord shows that many of them are part of a larger string of attacks, according to blockchain intelligence company TRM Labs.
An emerging and rather complex form of investment scam known as âpig butchering,â wherein flirtatious strangers convince unsuspecting users to invest in crypto trading platforms that eventually seize funds when victims try to cash out, has reportedly robbed victims of millions of dollars worth of cryptoassets.
Kraken is under investigation as it is suspected of violating US sanctions by allowing users in Iran and elsewhere to buy and sell crypto, the New York Times reported.
Unstoppable Domains has closed USD 65m in Series A funding led by Pantera Capital at a USD 1bn valuation.
AntPool confirmed that it invested USD 10m to support the Ethereum Classic (ETC) ecosystem and plans to continue investing more.
In the first half of 2022, venture capitalists invested USD 17.5bn in crypto and blockchain firms, per Reuters, citing data from market data provider PitchBook. That puts investment on course to top the record USD 26.9bn raised last year, it added.
Cronos(CRO) announced the nine participants selected for the first cohort of its flagship USD 100m-backed Cronos Accelerator Program. Five of them are Web3 Gaming projects, two are in the Infrastructure Analytics Genre, one is a Social Fi project, and one is a DeFi project.
Cybersecurity network that utilizes blockchain technology Naoris Protocol has raised USD 11.5m from investors worldwide as it prepares to launch a minimal viable product by the end of 2022 and release the full product in mid-2023.
Micro-video social platform Coub.com announced the launch of a Watch-to-Earn (W2E) content monetization model and its first NFT marketplace in Q3, 2022.
Coca-Cola announced that it is gifting exclusive digital collectibles to owners of Coca-Cola collectibles in celebration of International Friendship Day (July 30). The collectible features a design inspired by the bubbles in Coke bottles, and when it's shared with a friend, the unique artwork will be revealed to both holders, they said.
Crypto exchange OKCoinannounced that their risk team has recently stopped a multi-million scam targeting the elderly, recovering USD 1m from a total of around USD 4.1m that was stolen. The scam dubbed the 'Tech Support Scam' involves scammers impersonating well-known tech companies and offering to fix non-existent technology issues or renew fraudulent software or security subscriptions, they said.
Tether (USDT) said that its portfolio holds no Chinese commercial paper. Additionally, its total commercial paper exposure has been again reduced to around USD 3.7bn (from USD 30bn in July 2021), with plans to further decrease to USD 200m by the end of August 2022 and to zero by the end of October/early November 2022, they added.
Flare Network announced its first decentralized exchange (DEX), Pangolin Exchange, which will launch on the Flare mainnet as soon as the mainnet itself goes live. The launch will be accompanied by an airdrop of 2% of Flare Pangolin tokens to all existing Pangolin DEX users, they added.
Bitcoin (BTC) miner Core Scientific has entered into a colocation agreement to increase its hosting business by 75MW, which they say will generate approximately USD 50m in annual revenue when the ASIC servers are fully deployed.