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July Is Worst Month For Crypto Hacks and Exploits This Year, Costing Traders $303M: CertiK
Crypto traders lost over $300 million in exploits and hacks in July, according to security audit firm CertiK. The report comes after roughly $52 million was drained from Curve Finance. CertiK CEO and co-founder Ronghui Gu discusses the state of crypto attacks and the vulnerabilities of open finance, sharing insights into the future of the DeFi ecosystem.
Kraken to Place NFTs on Formula 1 Team’s Cars at the Grand Prix
Crypto exchange Kraken will place non-fungible tokens (NFTs) on the back of British F1 team Williams Racing's cars competing in the U.S. Grand Prix this October. Kraken CMO Mayur Gupta shares insights into the ongoing partnership and the state of crypto marketing amid crypto winter.
July Was a 'Dark Month' for the Blockchain Industry: CertiK CEO
Crypto investors suffered $303 million of losses from exploits and hacks last month, according to CertiK. Ronghui Gu, CEO and co-founder of CertiK, said July was a really "dark month" for the blockchain industry.
Kenya Suspends Worldcoin Activity Over Financial Security, Privacy Concerns
Kenya's Ministry of the Interior suspended the operations of Worldcoin, the identity crypto protocol co-founded by OpenAI's Sam Altman, citing the legitimacy and privacy concerns of the project. "First Mover" hosts discuss the suspension and European countries' investigations into the Worldcoin project.
MicroStrategy Reports Q2 Earnings, Shares Rise 15% in Past Month
Shares of Microstrategy (MSTR) have risen 15% in the past month. This comes as Microstrategy reported quarterly earnings last night with an impairment charge of $24.1 million on its bitcoin holdings in the second quarter.
China Is Binance’s Largest Market: WSJ
A new report from the Wall Street Journal says Binance users traded $90 billion of crypto-related assets in China in just one month, making the country Binance's largest market by far. CoinDesk Executive Director of Global Content Emily Parker unpacks the details, shedding light on China's role in the global crypto scene.
Microstrategy Takes $24M Q2 Charge on Multibillion-Dollar Bitcoin Haul
Microstrategy's latest earnings report reveals the software company posted an impairment charge of $24.1 million on its bitcoin holdings in the second quarter. ProChain Capital President David Tawil discusses the implications for the crypto markets. Plus, Tawil's outlook for the ETF landscape.
Justin Sun Says He's 'Excited' to Assist Curve; DeSantis Accuses Biden of 'War on Bitcoin'
"CoinDesk Daily" breaks down some of the top headlines from the world of crypto, including Justin Sun's efforts to help DeFi giant Curve after a recent exploit. There could be a path forward to reboot FTX, but the revamped exchange would only be available to offshore customers. And, a closer look at what Presidential candidate Ron DeSantis is promising for the future of crypto, if he wins the race to the White House.
SEC Says Hex Founder Misappropriated 'Millions of Dollars of Investor Funds,' Bought Rare Black Diamond
The U.S. Securities and Exchange Commission (SEC) sued internet marketer Richard Schueler, known online as Richard Heart, and his projects Hex, PulseChain and PulseX, alleging he raised over $1 billion across three different unregistered securities offerings beginning in 2019. "The Hash" panel breaks down the regulator's allegations, including claims of luxury shopping sprees.
X Faces New Competition From Suku on Crypto Payment Adoption Plans
Web3 wallet Suku recently teamed up with Polygon to release a free open-edition NFT collection. Within the 48-hour mint period, users minted over 50,000 NFTs directly on X, formerly known as Twitter. Lucas Henning, Suku’s Chief Technology Officer and co-founder, joins "The Hash" to discuss the partnership with Polygon and the future of transactions over social media platforms.