Coins
Crypto Exchange WazirX Halts Open Orders, Cites Ongoing Issues Involving Indian Rupee
Published
3 months agoon
By
adminIndia’s crypto exchange WazirX said Wednesday it has canceled all outstanding open orders on its platform as part of “ongoing efforts” to resolve issues involving the Indian rupee and crypto balances.
“Any INR and crypto assets blocked in these open orders will be added to your respective balances,” WazirX said in a post to X.
It follows the exchange’s $230 million hack in July, which saw hackers make off with $102 million worth of Shibu Inu tokens, $52 million in Ethereum, and $11.2 million worth of Polygon’s native token Matic.
Other tokens lost in the theft included Pepe, USDT, and gaming blockchain Gala’s native token of the same name. The hackers then attempted to sell the stolen tokens on the open market, according to third-party blockchain explorer Lookonchain.
At the time of its hack, the exchange said a cyber attack had occurred in one of its multi-sig wallets utilizing the services of digital asset custody and wallet infrastructure provider Liminal.
It’s unclear whether the cancelation on Wednesday was part of issues pertaining to the theft in July. WazirX confirmed to Decrypt it was still working to resolve the issue.
The exchange did not respond to a request for comment on whether the incident on Wednesday and its July hack are linked.
The Mumbai-based firm touts itself as one of India’s largest and fastest-growing crypto exchanges. It also claims to be the country’s “most trusted Bitcoin and cryptocurrency exchange,” according to its website.
Despite those reassurances, the exchange’s native token, WazirX (WRX), has fallen 97% from its April 2021 all-time high of $5.88, CoinGecko data shows.
The token is trading 1.2% higher on the day despite Wednesday’s developments and follows a 25% slump on July 19, from $0.16 to around $0.12, right around the time of the hack.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
Source link
You may like
Australia seeking advice on crypto taxation to OECD
Crypto Trader Records $2.5M Profit With This Token, Here’s All
Trump taps crypto bros to be in charge: What’s at stake?
Charles Schwab Looking at Spot Crypto Trading Following Regulation Shift: Report
Here’s Why XRP Price Will Hit $20
3 cryptos under $0.5 that experts believe could deliver 1500% returns
Coins
Magic Eden Token Airdrop Date Set as Pre-Market Value Hits $562 Million
Published
2 days agoon
November 22, 2024By
adminThe ME Foundation will launch its Solana-based ecosystem token—ME, which is aligned with leading NFT marketplace Magic Eden—on December 10, a representative told Decrypt.
The airdrop, which traders anticipate may be worth more than $500 million based on pre-market trading prices, will reward users of Magic Eden’s Bitcoin exchange and cross-chain NFT marketplace. The token will be claimable exclusively through the Magic Eden Wallet app.
Specifics regarding the conversion of Magic Eden Diamonds, the platform’s existing rewards program, to the ME token have not been revealed. However, the spokesperson said that allocations are expected to be based on factors such as “organic” trading activity, cross-chain trading, and “loyalty” or historical use of eligible platforms.
While users will not find out their allocations until December 10, they will be able to check their eligibility for the airdrop in the days before the claim using a tool that will be released by the ME Foundation.
When the claim officially opens on December 10, 12.5% of the total 1 billion ME supply (125 million tokens) will be immediately unlocked and offered to eligible Magic Eden users to claim. An additional 22.5% of the supply, or 225 million ME tokens, will be set aside to incentivize future use of ME Foundation protocols and related platforms.
The ME token has jumped up to $4.50 in pre-market trading via Whales Market, though trading volume has subsided since additional token details were announced on Monday. At that price, the ME airdrop would reward users with over $562 million on claim day. Coinbase’s pre-market trading platform puts the price lower at $3.41, however.
Magic Eden started as a Solana NFT marketplace, but has since grown to become the leading Bitcoin Runes and NFT exchange while maintaining the highest market share among all NFT marketplaces in the last six months according to data from Tiexo.
Edited by Andrew Hayward
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
Source link
Coins
Justin Sun Goes Bananas: Snags Controversial “Comedian” Artwork for $6.4 Million
Published
4 days agoon
November 21, 2024By
adminWhat’s worth millions, taped to a wall, and destined to rot? Hint: It’s art you can’t hang for long.
Maurizio Cattelan’s infamous duct-taped banana art piece, Comedian, fetched an eye-popping $6.24 million, including fees, at Sotheby’s contemporary art auction in New York on Wednesday night.
The sale saw six bidders battle it out before Jen Hua, deputy chairman of Sotheby’s and chairman of Sotheby’s China, placed the winning bid on Tron founder Justin Sun’s behalf.
The artwork shattered its $1.5 million pre-sale estimate and became its place as one of the most expensive—and controversial—art pieces (or should we say fruit) ever.
Sotheby’s accepted crypto payments for this sale as the market is seeing new heights following Donald Trump’s re-election, with Bitcoin (BTC) soaring to $97,000 on Wednesday.
The crypto entrepreneur, Sun, claimed the artwork in a heated five-minute bidding war that involved six other participants.
After over 6 minutes of heated bidding, Deputy Chairman of Sotheby’s and Chairman of Sotheby’s China, Jen Hua, placed the winning bid for ‘Comedian’ on behalf of @justinsuntron, Chinese collector and founder of cryptocurrency platform TRON. https://t.co/Vf6kMoHfOQ
— Sotheby’s (@Sothebys) November 21, 2024
“This is not just an artwork; it represents a cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community,” Sun wrote on X, sharing his “banana” experience.
He announced plans to eat the banana in the coming days as part of what he described as “honoring its place in both art history and popular culture.”
The artwork comprises a real banana affixed to a wall with duct tape, accompanied by a certificate of authenticity and instructions for replacing the fruit as it inevitably decays.
During the heated auction, Sotheby’s auctioneer Oliver Barker quipped, “These are the words I never thought I’d say, ‘$5 million for a banana.’”
The banana’s rise to infamy in the art scene began in 2019 when one sold for $120,000 at Art Basel. The work became a viral sensation after performance artist David Datuna ate the banana, dubbing his act “Hungry Artist.”
Since then, Comedian has sparked conversations about the absurdity and subjectivity of art valuation.
Justin Sun founded the blockchain platform Tron in 2017. In December 2021, he stepped down as CEO of the Tron Foundation, claiming he had transferred control of the project to Tron DAO, a non-profit decentralized autonomous organization.
Edited by Sebastian Sinclair
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
Source link
Coins
McDonald’s Reveals Doodles Collab for Coffee and Collectibles
Published
1 week agoon
November 14, 2024By
adminThe golden arches are getting a pastel makeover for the holiday season.
Fast food giant McDonald’s and Web3-native brand Doodles revealed a collaboration Thursday, featuring custom cups that showcase the Ethereum NFT collection’s colorful, hand drawn style. On top of that, customers can unlock digital collectibles and content, as well as access co-branded physical merchandise.
Dubbed the “GM Spread Joy” campaign, the marketing initiative is being billed as an immersive experience that pays homage to the Crypto Twitter mantra. Available to customers in the U.S., the promotion can be accessed at participating stores among McDonald’s 13,500 restaurants.
The limited-edition cups, emblazoned with pinks and blues amid holiday-themed tableaus, allow customers to access a “pack ripping” experience, McDonald’s said in a press release.
Dovetailing with Doodles’ digital avatars, they contain accessories and apparel for Doodles characters, among other goodies, like access to music videos and Doodles’ animated series. In addition to the original Ethereum NFT collection, Doodles has launched an avatar creation “Stoodio” app on Ethereum layer-2 network Base, where the digital items can be used.
Outside the U.S., where NFT projects haven’t faced intense regulatory scrutiny, the burger chain has used NFTs to promote its purple icon Grimace and launched a metaverse game called My Happy Place. What’s more, McDonald’s tapped The Sandbox, an Ethereum-based metaverse game, to pay tribute to its chicken nuggets.
McDonald’s collaboration with Doodles may represent its biggest step into the NFT space since its American division unveiled McRib-inspired NFTs in 2021. Effectively, McDonald’s was an early adopter of using digital assets as a way to reward customers and cultivate brand loyalty.
Earlier this year, Doodles teamed up with the sportswear powerhouse Adidas, introducing virtual swag packs that let buyers claim exclusive physical apparel. As Doodles’ Chief Brand Officer, some collectibles paid homage to a song created with musician Pharrell Williams.
As part of its holiday promotion, McDonald’s customers can access a track produced by Williams called “Good Mornin,” sung by artist Marley Bleu. Williams, who once worked at McDonald’s, was inspired by internet culture and “viral ‘GM’ memes,” McDonald’s said.
Comprising 10,000 generative profile pictures (PFPs), Doodles features art by Scott “Burnt Toast” Martin. The collection is currently valued at 20,296 ETH ($64 million), according to CoinGecko, with the cheapest NFT from the collection listed for 2 ETH ($6,300) on secondary markets.
Known as the collection’s floor price, the figure climbed as high as 2.7 ETH ($8,500) earlier this week after McDonald’s teased the collaboration on Twitter (aka X).
Edited by Andrew Hayward
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
Source link
Australia seeking advice on crypto taxation to OECD
Crypto Trader Records $2.5M Profit With This Token, Here’s All
Trump taps crypto bros to be in charge: What’s at stake?
Charles Schwab Looking at Spot Crypto Trading Following Regulation Shift: Report
Here’s Why XRP Price Will Hit $20
3 cryptos under $0.5 that experts believe could deliver 1500% returns
Gemini’s Cameron Winklevoss Demands Fresh Probe Into SBF
Dogecoin Jumps to 3-Year High Price—Before Bitcoin Cools and Meme Coins Plunge
Crypto cops record $8.2b in financial remedies for investors: SEC
Stellar Price Skyrockets Over 80%, XLM Rally to $1 Imminent?
Elon Musk Tweet of Joe Rogan Profile Sends DOGE Price Higher
Survival of the healthiest: Creating a successful crypto
Cardano Hydra Unveils Gamified Test Campaign, ADA Price Reacts
The DeFi duo with potential to multiply a crypto portfolio
Bitcoin Rally Benefits From US Buyers
182267361726451435
Why Did Trump Change His Mind on Bitcoin?
Top Crypto News Headlines of The Week
New U.S. president must bring clarity to crypto regulation, analyst says
Ethereum, Solana touch key levels as Bitcoin spikes
Bitcoin Open-Source Development Takes The Stage In Nashville
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
Ethereum Crash A Buying Opportunity? This Whale Thinks So
Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction
‘Hamster Kombat’ Airdrop Delayed as Pre-Market Trading for Telegram Game Expands
Washington financial watchdog warns of scam involving fake crypto ‘professors’
Citigroup Executive Steps Down To Explore Crypto
Mostbet Güvenilir Mi – Casino Bonus 2024
Bitcoin flashes indicator that often precedes higher prices: CryptoQuant
Trending
- 2 months ago
182267361726451435
- Donald Trump4 months ago
Why Did Trump Change His Mind on Bitcoin?
- 24/7 Cryptocurrency News3 months ago
Top Crypto News Headlines of The Week
- News3 months ago
New U.S. president must bring clarity to crypto regulation, analyst says
- Bitcoin4 months ago
Ethereum, Solana touch key levels as Bitcoin spikes
- Opinion4 months ago
Bitcoin Open-Source Development Takes The Stage In Nashville
- Price analysis4 months ago
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
- Bitcoin4 months ago
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential