POKKET: Crypto Market Update (Dec 1)

cryptocurrency news

24-Hour Crypto Prices:

BTC – $56,937.15 -0.7% πŸ“‰

ETH – $4,694.84 +4.8% πŸ“ˆ

BNB – $629.46 +0.8% πŸ“ˆ

SOL – $212.41 +3.7% πŸ“ˆ

DOT – $37.86 +3.0% πŸ“ˆ

AVAX – $124.06 +2.5% πŸ“ˆ

Liquidity pool DeFi platform MonoX has been hacked for $31 million. The attacker used artificially boosted MONO tokens to purchase the assets in the pools at much cheaper rates. The majority of funds stolen were Wrapped Ether, Polygon and Wrapped Bitcoin across two blockchains, Ethereum and Polygon.

Bitcoin and stocks dipped today as FED Chair Jerome Powell warned that inflation is no longer just a “transitory” issue. The decision to emphasize inflation as a long-term threat has been a common concern among traders and crypto advocates.

Coinbase continues its buying spree with the most recent acquisition of Unbound Security, an Israeli crypto custody infrastructure firm focusing on multiparty computation technology. MPC technology offers the best of both offline storage and online wallets to offer better usability for cryptocurrencies.Β Β Β Β Β 

“This technology is critical in making NFTs, DeFi and other Web3 applications possible as it negates the need for offline storage,” a Coinbase spokesperson told The Block. 

New NFT platform Sloika is focused on bringing photography to the Ethereum NFT space.Β Sloika will give photographers full control over NFT rights and royalties. Sloika announced a $2 million seed round led by 1confirmation.

The Central Bank of Indonesia is considering launching a CBDC to disrupt cryptocurrency growth. β€œA CBDC would be one of the tools to fight crypto. We assume that people would find CBDC more credible than crypto. CBDC would be part of an effort to address the use of crypto in financial transactions,” said Bank of Indonesia assistant governor Juda Agung.

In a press release, P2E game SolChicks announces major accomplishments for its IDO. The IDO launched simultaneously on over 30 launchpads across multiple blockchains. SolChicks highlighted that the price of SolChicks NFTs have risen from 1.9 SOL to 17 SOL making the cheapest NFT around $3,500 (as of 29/11).

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