Connect with us

Crypto Exchange

Rick and Morty-Themed Crypto Art Sells for $290,000 on NFT Marketplace

Published

on

 

A piece of crypto artwork created by Justin Roiland, co-creator of the animated series Rick and Morty, has sold for $290,000.

Labeled “The Smintons,” the piece was featured in a silent auction on non-fungible token (NFT) marketplace Nifty Gateway, with the winning bid worth $290,100.

Advertisement

The piece is part of a crypto art collection created by Roiland and dubbed “The Best I Could Do.” The collection features multiple pieces inspired by Rick and Morty as well as other iconic animated series, including The Simpsons.

The platform originally announced it would be featuring Roiland’s work as the “first ever” crypto art release in a tweet published January 13. In total, Roiland raised over $1 million selling NFT art.

Nifty Gateway, one of the world’s leading NFT marketplaces, is owned by Tyler and Cameron Winklevoss’ exchange Gemini. The platform made headlines last December following the sale of a Star Wars-themed piece of art on a last-second bid of $777,777.

Advertisement

Tim Kang, the bidder that won one of the art pieces, praised artist beeple at the time for his attention to detail across the “physical and digital spectrum.”

Advertisement

News Source

Binance

Binance’s Trading Volume Hits $100 Billion in Just One Day

Published

on

Binance continues to see unprecedent trading activity while attempting to sail through regulatory hurdles

Binance’s daily volume hit an eye-popping $100 billion on Oct. 20, according to a tweet by CEO Changpeng Zhao.

Advertisement

The leading crypto exchange recorded this crucial milestone on the day Bitcoin, the largest cryptocurrency, reached a new all-time high of $67,276.

Despite introducing stricter measures for users due to severe regulatory scrutiny, Binance enjoys a comfortable lead over other crypto exchanges in both spot and derivatives trading, according to data provided by CoinMarketCap.

Eerier this month, the trading platform also announced a $1 billion ecosystem fund.         

Meanwhile, the decentralized finance sector is catching up with centralized behemoths. The total value locked in DeFi protocols has hit $100 billion for the first time.

Advertisement

News Source

Continue Reading

Crypto Exchange

Binance Smart Chain DeFi protocol PancakeHunny suffers flash loan attack

Published

on

As the users argue “what’s better,” Ethereum or Binance Smart Chain, the latter saw another decentralized protocol being exploited. PancakeHunny on BSC was attacked by a flashloan and no, this wasn’t a first for the protocol.

Blockchain security and data analytics company Peckshield Inc. announced the attack on Twitter.

Advertisement

The last time that this protocol was exploited, was in June, wherein the team had noted the creation of a smart contract to exploit the Hunny Minter Smart Contract. The contract was subsequently executed 91 times, as per the team.

The team took a long time to respond to the hack this time but assured the users that their funds were safe. The team added in a preliminary report,

“On 20 October 2021, at 0920 UTC. A smart contract was created to exploit the Hunny TUSD vault. The Contract was subsequently executed 26 times.”

PeckShield provided some details about the same noting,

Advertisement

According to the agency, this hack was possible due to a profit inflation bug, which converts the relatively small amount of harvested ALPACA, to a large amount of TUSD for staking. PeckShield added,

“These converted TUSDs are then counted as profit, now inflated to mint large amount of $HUNNY!”

Source: Twitter

Actions taken by the team

The PancakeHunny team has stopped the minting process for the TUSD vault while assuring that funds in Hives were all SAFE. The exploit did not affect other Hives and Vaults but the price of HUNNY.

Advertisement

They added that the issue has been identified and the team will change its rooting to higher liquidity pools to prevent the aftereffects of price manipulation of LP pools.

News Source

Advertisement
Continue Reading

Coinbase

NBA Makes Coinbase Its Exclusive Crypto Partner

Published

on

Coinbase has joined FTX in scoring major partnerships in the sports industry     

The National Basketball Association has announced a multi-year deal with Coinbase, America’s biggest crypto trading platform in an Oct. 19 press release.   

Coinbase will act as the exclusive partner of the NBA, NBA G League, Women’s National Basketball Association (WNBA), and other leagues. 

Advertisement

As part of the deal, the exchange will have a brand presence during televised games as well as unique content and activations that are meant to boost crypto awareness.  

Kate Rouch, Coinbase’s chief marketing officer, says that the company is proud of joining forces with the NBA:

The freedom to participate and benefit from the things you believe in is at the heart of Coinbase’s mission.  Nobody believes this more than NBA and WNBA fans. We’re proud to become the Leagues’ official cryptocurrency partner.

Advertisement

The shares of Coinbase are up roughly 3% at press time. 

News Source

Advertisement
Continue Reading