SMBC, a Japanese bank, Plans to Enter the NFT and Web3 Markets | Curated CoinCodeCap #27 July 2022
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SMBC, a Japanese bank, Plans to Enter the NFT and Web3 Markets
The Japanese banking colossal Sumitomo Mitsui Banking Corporation (SMBC), which has over 463 branches worldwide and $2.1 trillion in assets, previously announced its intention to join the realm with Web3 and NFT projects as many traditional banking organizations around the world are thinking about joining the digital assets industry. Keep Reading »
NFT Minting Scams Through Compromised Discord Servers Linked to Same Hackers: Report
With the NFT Boom, Cyber Attacks against NFTs(Non-Fungible Token) have been on a surge in recent days. The latest report by TRM labs reveals that the NFT community lost over $22 million in May alone owing to these attacks. Keep Reading »
Kraken Faces Investigation for Violating US Sanctions by Servicing Users in Iran
Crypto Exchanges Kraken reportedly is facing an investigation by the U.S. Treasury Department for allowing users in Iran to buy, and sell digital tokens in violation of federal sanctions. According to New York Times, The Treasury Department’s Office of Foreign Assets Control (O.F.A.C.) has been investigating Kraken since 2019 and is expected to impose a fine. Keep Reading »
Lido DAO Rejected a $14m Deal with Dragonfly Capital
In accordance with the liquid staking protocol, the Lido Finance community proposed selling 10 million LDO (Lido DAO) tokens to the cryptocurrency investment firm Dragonfly Capital for $14.5 million. However, the DAO rejected the idea with 66.61 percent of the vote. Keep Reading »
Stablecoin Supply is Down by $35 Billion, as per Arcane Research
According to Arcane research, The total supply of stablecoins decreased globally by 18.8 percent at the end of the second quarter of 2022 as the equities markets, and risky assets experienced volatile times owing to increasing inflation and other macroeconomic reasons. After Terra’s UST unexpectedly collapsed, the stability of stablecoins has become the biggest debate in the cryptocurrency space. Keep Reading »
CoinCodeCap's Weekly Issue 13
Cryptocurrency exchange CoinFLEX is facing a huge crisis as one of its users, Roger Ver owes them $47 million. However, further investigation reveals that the investor holds the Flex coin of the exchange in collateral. Therefore, the total amount that Roger owes to CoinFLEX is $84 million. Keep Reading »
Market Updates
KLAY Price Analysis July 2022
KLAY is a token of the platform Klaytn. Its current price is around $0.2448 by the time of writing, with a low of $0.2144, and has a market cap of 719 million dollars. Keep Reading »
LRC Price Analysis July 2022
LRC is a token of platform Loopring. Its current price is around $0.4316 by the time of writing, with a low of $0.2013, and has a market cap of 570 million dollars. Keep Reading »
NEO Price Analysis July 2022
NEO is a coin of the platform Neo. Its current price is around $9.95 by the time of writing, with a low of $7.83, and has a market cap of 700 million dollars. Keep Reading »
GMT Price Analysis July 2022
GMT is a token of the platform Stepn. Its current price is around $1.00 by the time of writing, with a low of $0.1003, and has a market cap of 600 million dollars. Keep Reading »
Crypto to Look Out for this Week: BTC, ETH, BSV, ICX, NEO
The price of cryptocurrencies has dropped by 60% in the last few months. This has made it hard to deny that we are in a bear market. The prices for smaller assets such as ZCash also decreased by over 80%, and other significant drops were noted across the board. Keep Reading »
Top 3 Metaverse Crypto to Look Out for in June 2022: ONT, APE, MANA
ONT is the cryptocurrency of Ontology, a distributed ledger technology that uses consensus protocols and verifiable rules to ensure security & integrity. The price of Ontology will most likely increase in the future and is expected to be a good investment. ONT is built on the Ontology Blockchain. It is a high-speed, low-cost public chain that provides decentralized identity and data solutions to other chains in Web3. Keep Reading »
Crypto Gambling Coins to Look Out for This Week
Crypto gambling has exploded in recent years as more and more people around the world are continuing to take advantage of the many benefits that can be enjoyed when virtual currency is used. Keep Reading »
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