Nexus Mutual Founder Loses $8 Million After MetaMask Hack
The personal wallet of Nexus Mutual founder Hugh Karp was hacked yesterday with over $8 million worth of tokens stolen through his hardware wallet. Karp, who founded DeFi platform Nexus Mutual in 2017, fell victim to the hacker who managed to install a compromised version of the popular MetaMask wallet onto his computer and generate a transaction containing 370,000 NXM tokens to their own wallet. Karp has since congratulated the hacker and offered them a $300,000 reward in return for the tokens which he says will be hard to liquidate.
The Bitcoin world has a lot of hidden moving parts to ensure it continues working, with a lot of us taking this for granted. One of the most overlooked parts of Bitcoin is the mining process and just how vital it is to the cryptocurrency. Mining provides the network with a foundation through its decentralized structure and it’s this structure that keeps Bitcoin so safe. Without the huge network of miners, Bitcoin would be a token with no value at all – a bit like an online game ten years after launch when the developers have stopped maintaining it.
Read the full article at FullyCrypto: https://fullycrypto.com/back-to-basics-the-bitcoin-mining-process
In this episode of the FullyCrypto Podcast, Mark and Alex discuss the incredible antics of TRON founder Justin Sun and debate the merits of the world’s first blockchain-powered security camera.
Music - Summer Starts Here by Elliot Middleton (https://bit.ly/2Ft7UjV)
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Craig Wright, the self-proclaimed Bitcoin creator, has labelled himself “the punishment of God in cryptocurrency” as he threatened to take down more copies of the Bitcoin whitepaper. In a series of messages on a private Slack channel that illustrated just how far Wright is pushing the boundaries of his mental stability, he also stated his desire to “burn Cryptocurrency into non existence and have the US government collect the ashes” if Bitcoin developers continue to use the Bitcoin name in their work.
Read the full article at FullyCrypto: https://fullycrypto.com/craig-punishment-of-god-wright-threatens-armageddon
This week Mark and Alex discuss Craig Wright’s attempted Bitcoin whitepaper hijack and Alex has an announcement…
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Uniswap has taken the cryptocurrency world by storm this year, which is incredible given how backward the entire is experience is compared to modern centralized exchanges. However, its completely decentralized nature, plus the huge amounts of money being made on it, will ensure that it remains a key player in the space for some time. There is no denying that it needs updating however, and cryptocurrency entrepreneur Jason Smith today posted a Twitter thread that pulls together recent comments from Uniswap founder Hayden Adams which allows us to piece together how Uniswap V3 might look and when it could launch.
Read the full article at FullyCrypto: https://fullycrypto.com/uniswap-v3-what-does-the-unicorn-have-up-its-hoof
Esteemed investment advice service The Motley Fool has performed an astonishing U-turn and purchased $5 million worth of Bitcoin with the intention of seeing it through until it goes 10x. The site, which has savaged Bitcoin on a regular basis for years, announced the shock news yesterday in a move that is so uncharacteristic that this author had to check it wasn’t April Fool’s Day.
Read the full article at FullyCrypto: https://fullycrypto.com/motley-fool-buys-5-million-in-bitcoin-in-shock-u-turn
The outgoing Securities and Exchange Commission (SEC) chair Jay Clayton has said that more regulation is coming in the cryptocurrency space as he prepares to step down from his role. Clayton, who is due to leave his post at the end of the year after four years in charge of the SEC, made the comments to CNBC’s Squawk Box show yesterday, where he also said that Bitcoin represents “stored value” and that its popularity has been driven by inefficiencies in the traditional payments system.
Read the full article at FullyCrypto: https://fullycrypto.com/outgoing-sec-chairman-more-regulation-coming
Pump and dumps are back, Lightning Network gets its chance, and we catch up with META 1 Coin
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BBVA, Spain’s second biggest bank, is to launch cryptocurrency services next year in another sign that institutional adoption is on the increase. CoinDesk reported yesterday that the bank, which has assets amounting to almost €700 billion ($840 billion), will become the latest institutional body to offer cryptocurrency trading facilities to its customers, following in the footsteps of trailblazers like Fidelity Digital Assets.
Read the full article at FullyCrypto: https://fullycrypto.com/bbva-to-offer-cryptocurrency-services-in-2021