Last week, it was Moody’s, the credit ratings agency. This week, yet another major financial entity shunned Bukele’s grand Bitcoin experiment. grimacecoin (Polygon) +898% /AaLo7a8FF3Įl Salvador’s Bitcoin-pumping president Nayib Bukele is a permanent fixture in this roundup. There is currently an exploit on letting someone buy your NFTs for old listing prices. NFT creator was the first to alert the NFT crowd: “Everyone head to and make sure all of your old listings are cancelled. Suffice to say, the exploit was widely discussed on Twitter. OpenSea has framed the issue as “not an exploit or a bug,” but an issue caused by “the nature of the blockchain,” but whatever the company wants to call it, OpenSea clearly acknowledged it’s a problem by refunding $1.8 million in Ethereum to affected users. This week saw widespread panic among OpenSea users when an exploit allowed people to buy high-priced NFTs like Bored Apes at well below the floor price thanks to old inactive listings that users hadn’t cancelled (either because they didn’t want to pay the gas fees to cancel or, in more cases, had no idea the old listings remained active). Read on to find out how many pots they stirred this week. This week two of our regulars returned: Tesla CEO Elon Musk and El Salvador President Nayib Bukele. Thank goodness then for Crypto Twitter, an endless source of diversion. The past week has looked like the start of a full recovery, but you can never be sure with crypto. In the third week, Bitcoin and Ethereum crashed to their lowest prices since last summer. The first week of 2022 was really quite bad. We’ve reached the end of the first month of January, and the crypto markets have been topsy-turvy in the new year, to say the least. Illustration by Mitchell Preffer for Decrypt
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