Social Navigation

Today in Crypto: Cryptocurrency is ‘inevitable’, two hacks, OKCoin suspends USD deposits, Beatport and Polkadot music platform, Alchemy Notify custom webhooks


Today in Crypto: Cryptocurrency is ‘inevitable’, two hacks, OKCoin suspends USD deposits, Beatport and Polkadot music platform, Alchemy Notify custom webhooks

Source: Adobe Stock / master1305

Get your daily digest of crypto-asset and blockchain-related news – by investigating stories that fly under the radar in today’s crypto news.

Payments News

  • A survey conducted by the Global Payments Network Mercureo found that 40% of consumers in the UK and US own crypto; 65% are men, 35% women; 68% want to be able to use crypto the same way they use other currencies in their daily lives; and 55% of businesses believe crypto payments could significantly improve the payment experience and reduce costs. “The adoption of crypto payments will continue to increase over the next few years, even though people have lost faith in the industry due to the unexpected events of the past year. The majority perceive cryptocurrency as inevitable. we can already see that the audience for crypto is growing as it becomes more appealing to older generations Women also make up 35% of crypto holders, a significant increase from the 22% share in 2019,” Petr Kozyakov, co-founder and CEO of Mercuryo, said.
  • THE Association of payments, a community for all payments businesses, has set out seven clear findings in a new report to help shape the debate on the UK’s future for digital currencies. According to an announcement, the association points to “increasing regulatory action, the explosion of business use cases, the closing of the gap between conventional payment systems and new systems, and how payments are heart of this new paradigm shift for the UK”.

Security news

  • PeopleDAOa group formed to buy a copy of the US Constitution, lost 76.5 ETH to a social engineering hack on March 6. By team, “PeopleDAO collects monthly information about contributor rewards via Google form. The accounting manager mistakenly shared a link with edit access in a public channel in Discord. The hacker got the editing role through the link. The funds used were deposited in HitBTC And Binancethey added.
  • loan protocol Euler Finance suffered a flash loan attack, resulting in a loss of $197 million, according to security companies BlockSec And PeckShield. The attacker drained $136 million from staked ether (stETH), $34 million from USDC, $19 million from wrapped bitcoin (WBTC) and $8.7 million from DAI, BlockSec said. “The hacking is made possible thanks to the imperfect logic of its donation and its liquidation. Specifically, the donateToReserves must ensure that the donor is always over-guaranteed. And liquidation must ensure the *correct* conversion rate of loan to collateral asset,” PeckShield writing.

Exchange news

  • OKCoin temporarily suspended USD deposits following the failure of Signature Bank. “USD deposit via Wire Transfer and ACH has been suspended immediately. We don’t want your deposit blocked. Over-the-counter services will also be temporarily suspended (aka Quick Buy and Recurring Buy),” tweeted CEO of OKCoin and OKX Chairman Hong Fang.

Web3 News

  • Beatport is in partnership with Peas throw, a digital collectible marketplace “bringing electronic music culture to Web3,” said a press release. Developed and designed in partnership with Define will launch on Aventus, a web3 solution provider for businesses and parachain in the Polkadot ecosystem. The platform will allow record labels and artists to create and sell unique digital assets. Beatport and Polkadot will also collaborate on 10 major music and Web3 events over the next 18 months, celebrating the launch of a new NFT collection accessible through Polkadot-integrated wallets, he added.
  • Web3 development platform Alchemy announcement Alchemy Notify Custom Webhooks, allowing users to access real-time notifications for any on-chain event. A restricted list of “infinite data” users can be instantly updated on include Uniswap token pair deployments, OpenSea Achievements of NFT exchanges, Ethereum high gas charges detected, Aave staked tokens, one CryptoPunk is approved for transfer, etc.

Joanna Swanson

Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.