Crypto News You May Or May Not Have Heard About — Issue #6

As we see more large brands/companies enter the crypto space, it is always an excellent sign for the future of cryptocurrency. That being said, this will be a weekly series that accumulates a variety of crypto and NFT related news that you may or may not have heard about. Let’s get started!

Record CryptoPunk Sale

On February 12th, 2022 CryptoPunk #5822 sold for a record-breaking 8000ETH (roughly $23.7million at the time). This punk was purchased by none other than Deepak.eth, CEO of Chain.

L’OREAL Entering the Metaverse and NFTs

The huge cosemetic company, L’oreal has recently filed for 17 virtual goods-related trademarks hinting at what many thinks is an upcoming project from them. Perhaps they may be the makeup pioneers in the metaverse, who knows!

Most Recent NFT Exploit Yielded Hacker Millions in Stolen NFTS

Yesterday was an all hands on deck moment for the Opensea team. After a hacker began sweeping wallets leaving many collectors out of their NFTs, everyone was revoking access to their NFTs to make sure their NFTs were not swept. Originally, it was believed that this exploit was a result of the new Opensea contract migration, or the X2Y2 contract. As of now the answer is still not clear, however, it seems like there has been a consensus that it was a phishing attack from several weeks ago which the attacker is now exploiting because all the listings expire from the contract migration.

Donald Trump NFT

In honor of Presidents Day, Melania Trump is selling even more NFTs. This collection she calls the “POTUS TRUMP NFT Collection” and will be held on the Solana blockchain and sold for $50 with a 10,000 token supply. These NFTs will feature iconic moments from Trumps presidency. Will you be purchasing one on President’s Day?

ConocoPhilips in Support of BTC Mining

In the recent months we have seen a huge decline in BTC and ETH mining, as well as a lot of negative press with mining in other countries. Major oil and gas company, ConocoPhilips, has been supplying a Bitcoin mining project with natural gas in North Dakota. The technique they’re implementing is called flaring and this should help lower CO2 emissions!

We are seeing lots of exciting news in the crypto space, hope to see you guys in next weeks issue!

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