No vacation for the hacker; Black rock joins forces with Coinbase; They crypto startups they have already got up 30 billion dollars; the volatility from BTC seduced the institutional; They NFT panic the sector luxury… L’news of the week.
The pirate don’t take your time off, unlike many cybersecurity experts. They are therefore particularly active and attacks remain numerous during the summer. And in a universe that is still very immature in terms of practices, they can win big. That is a weakness the cryptocurrency industry it should be resolved collectively.
The bridge between blockchains therefore remain particularly problematic. chain analysis appreciated That Token worth 2 billion dollars were stolen via the cross-chain bridges in 2022. Presumably safe, Nomadic he took for his rank with a token theft up to $ 200 million.
The cryptocurrency stock market ZB.com stopped withdrawals. Would she have been the victim of a hack .. or an exit scam? No news since July 2nd. The biggest scare, however, came from the Solana ecosystem.
Solana and its users victims of a vulnerable wallet
Heat stroke this week in the world of Solana blockchain. No, the network has not suffered congestion due to aa hyperactivity of the bot in order to NFT. The fault lies with a mobile wallet that is sensitive to IT security and basic rulescomputer hygiene.
The alert has been triggered after hacking of several thousand Solana addresses, emptied of their tokens. Quickly, the toll rose to 5,000 casualty addresses, before reaching the 8000. Who was responsible? Investigations were quick to identify the cause and the “culprit”. Solana was quickly cleared of any responsibility. The the fault lies with Slope Financeof which the Portfolio slope forwards the users’ passphrase to a central server, where it is stored in the clear. A gross negligence of security.
The NFT, a luxury product par excellence
The activity on the NFT markets declines, as has the price of cryptocurrencies in recent months. This does not mean, however, that the uses do not exist. The potential is considered to be considerable in many areas. To the point that the domain name NFTs.com was robbed for the nonsense of 15 million dollars. At this price, we can without hesitation talk about a luxury product.
The luxury industry is passionate about NFT and more generally about Web 3.0. Gucci, for example, has already launched several NFT collections and joined The Sandbox. The prestigious brand now also accepts ApeCoin as a means of payment. The jeweler Tiffany is very interested in the license CryptoPunk – owned by Yuga Labs as BAYC. The company offers holders of these NFTs give yourself a luxury necklace in their avatar image – and the accompanying NFT.
Billions are pouring into cryptocurrencies
The cryptocurrency market is in trouble since the start of the year. This is even more true in the second quarter due to a liquidity crisis and a bear market cycle. If the business financing Slows, however, it does not dry completely. According to MessariThey are more than 30 billion dollars that were invested in companies in the cryptocurrency sector during the first half of 2022. This is more than in the whole of last year.
The funds themselves raise considerable sums to finance projects. These are mainly crypto funds. GPs are also active. By way of illustration, Aglae Ventures it would be in the process of raising 100 million euros for the benefit of Web startups3. Ledgerthe French unicorn, would aim to breed at least an equivalent amount. The crisis is not experienced in the same way by everyone. It also represents chance.
Institutional lurking on Bitcoin
A price drop is an opportunity to acquire tokens at a more attractive price than a bull run. Uncertainty and volatility increase risk, but with it comes greater earning potential as well. In Europe, CME wants to offer institutional investors the opportunity to invest Bitcoin and Ethereum futures contracts denominated in euros.
To satisfy this same institutional clientele, the global asset management giant, Black rocksimplifies their access to cryptocurrencies, starting with Bitcoin. The company wants to make it easier for them to manage their investments on its platform Aladdin thanks to an alliance with Coinbase and its Prime service. US stockholders are appreciating and the stock has regained ground after months of scarcity.
Also not to be missed:
Every Sunday morning on Coins.fr, find ” the Summary of cryptocurrencies “, A section that collects the main cryptographic news of the week.