2021-12-06

Daily Digest – December 6th

• Weekend sell-off ignites extreme fear, Dow futures jump 250 points.

• Terra (LUNA) spikes to new all-time high while market slumps.

• Stolen private key behind $196 million Bitmart hack,

• Metaverse land tops NFT sales, BSC, and Animoca Brands launch $200 million GameFi funds.

• Binance to relaunch in the U.K. within 12 months, trading volume of DEXes reach new all-time high.

Joe Biden’s Government is Mining Bitcoin, Says White House Adviser

Cryptocurrency expert and White House adviser Whit Gibbs disclosed that Joe Biden’s government has been mining bitcoin. Gibbs, who is also the CEO of Compass Mining, made the reveal during an interview on Anthony Pompliano’s “Best Business Show” on Wednesday, December 1st. During a conversation about the countries that are currently mining bitcoin, the United States came up by accident. The interview also spoke about the mining activities being carried out by El Salvador as well as by the Venezuelan government...

Twitter War Erupts Between Nayib Bukele and Gold Bug Peter Schiff After El Salvador Buys Bitcoin Dip

This weekend saw a double drop in many cryptocurrencies, which several analysts and economists are attributing to the increased incidence of the Omicron COVID-19 variant globally and the uncertainty whether the existing arsenal of COVID-19 vaccines and treatments will be enough to counter it...

Fear & Greed Index Shows Crypto Sector Currently in “Extreme Fear”

The more than 20% drop across the cryptocurrency space over the past 72 hours has caused tens of billions of dollars in both realized and unrealized losses.

Bitmart Crypto Exchange Confirms $150M Hack

Late Saturday night, cryptocurrency exchange – BitMart – announced that it had suffered a hack attack that resulted in more than $150 million U.S. equivalent stolen from one of its Ethereum and Binance Smart Chain (BSC) hot wallets. Bitmart CEO and founder Sheldon Xia confirmed the exfiltration occurred in this series of three messages posted to his Twitter account...

We chat to Carnomaly, a new project utilising blockchain technology and cryptocurrency to benefit every car owner and potential car owner out there. The new service will assist in finding auto loans, selling your car and more, with all the perks of blockchain solutions. 

That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,Tadas