The R Roundup: OpenSea Exploitation — Issue #24
As previously highlighted in a prior issue, the issues of society as a whole transfer into the crypto market allowing opportunists to attempt to capitalise of loopholes and benefit at other peoples peril.
There has been many rumours circulating that OpenSea was on the receiving end of a major phishing attack which corresponded with a smart-contract migration which led to users having their NFTs compromised.
CEO & Founder of OpenSea Dfinzer.eth has reassured users who have had their assets compromised stating that they will be narrowing down a set of common websites that they may have interacted with which can help reveal the origin of the attack.
Despite rumours of the attack being associated with the migration coding, OpenSea have provided an update to users suggesting they will continue their ongoing investigation.
Make sure you always are wary of using links that have been sent to you as they can be malicious and can lead to a loss of funds.
SuperBowl Pumps Crypto App Downloads By 279% 🏈
Faster than ever, we have seen the sporting industry welcome the potential of crypto currencies and one of the worlds largest sporting events The SuperBowl had a total of 4 crypto ads leading to a 279% increase in downloads for crypto apps like Coinbase, eToro and FTX.
Mainstream adoption comes from taking initiative and introducing a wider retail audience to the new digital asset class by advertising products to 112 million viewers!
Ukraine →₿itcoin 🇺🇦
Many countries have already automatically written off the possibility of accepting what crypto can do however the appreciation of crypto has by no means been undermined by Ukraine.
With undisclosed pressure for states to create a direct response to crypto it is no surprise that we have seen an updated bill which has been approved in final reading by the Ukraine parliament legalising Bitcoin.
Despite not making Bitcoin legal tender like El Salvador, Ukraine have identified potential for business development by allowing the legal operation of crypto in compliance with their digital transformation aims.
Ukraine are not strangers to crypto with them not having the budget to create a regulatory body for crypto however it’s evident that the levels of importance for crypto has increased leading to an incorporation and amendment to the bill proposed.
Kanye Has A Message For You👀
The Garden Of Moscow Coming Soon… WAGMI
First NFT Record Label? BY SNOOP DOG? 🐶
Snoop Dog is well-known for his advocacy for the potential and the creative culture around NFTs.
Music has been a mainstay in social currency and there are no doubts there will be intergrations with NFTs and Snoop Dog has identified the potential and plans to turn Death Row Records into an NFT label.
Snoop made the following comments:
“We will be putting out artists through the metaverse and through a whole ‘nother chain of music, Just like when we broke the industry when we were the first independent to be major, I want to be the first major in the metaverse.”
After revealing his $17million NFT collection, there is no doubt Snoop Dog will aim to lead the revolution of music through the wild west of crypto.
As a reminder this is not a trading signal, it is an opinion and each trader/investor should know and understand the risks attached with trading. At no point should this be regarded as financial advice.
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