Poly Network hacker held AMA session / Messi to get a mess of PSG fan tokens / Fresh funding

Plus: London upgrade to Ethereum network saw $100M in ETH burned in first week.

Inside.com Part of   Network August 12, 2021

Presented by

The global crypto market cap is $1.85T 4.64%▼  with a 24-hour market volume of $125.77B 4.74%▲. Bitcoin's dominance is currently 45.05% 0.09%▲. CURRENT PRICES BY MARKET CAP # Name Price 24h % 1 Bitcoin BTC $44,353.18 4.28% ▼ 2 Ethereum ETH $3,048.46 5.58% ▼ 3 Binance Coin BNB $382.84 3.59% ▼ 4 Cardano ADA $1.76 5.95% ▼ 5 XRP XRP $0.9649 0.65% ▼ *Prices as of 2:30 p.m. ET.

The hacker responsible for the largest DeFi hack on Poly Network held an AMA answering questions about the hack. The hacker said he wanted to “teach a lesson” and plans to return all $600M of the stolen funds. More: The hacker stated the attack was “for fun :)” and targeted Poly Network because “cross-chain hacking is hot.” DeFi platform ChainSwap suffered from a $2M cross-chain hack a month before Poly Network. The hacker will continue returning funds slowly to Poly Network to give the team “rest” and maintain their anonymity.

Linoel Messi will receive a “large number” of PSG fan tokens (PSG) as part of his two-year deal with PSG. PSG tokens are made available through the Chiliz (CHZ) blockchain. More: Messi is the first soccer player to receive fan tokens as part of their financial package. Chiliz is a sister company of Socios, which offers over 50 fan tokens for clubs like FC Barcelona, Juventus, Manchester City, and others. The total amount of PSG tokens is unclear, but Messi’s total financial package is reportedly valued at around $47M.

A message from LIVESTORM Generate more attendees in your next online event Livestorm enables powerful, yet pain-free video engagements at scale.  Our end-to-end Video Engagement Platform requires no download and facilitates easy collaboration while capturing actionable insights—all in one place. With a browser-based platform, Livestom doesn't require any download or setup.  As a result, Livestorm generates 53% more attendees compared to any other solution. Livestorm is the first Video Engagement Platform that allows you to manage your event from start to finish in one place. Create registration pages  Send follow-up emails Measure your events with powerful analytics and more. Easily integrate Livestorm with other platforms like Pipedrive and Intercom to manage your insights with the tools you use every day. Try Livestorm for free and discover a new way to host your meetings, webinars, and events. Try Livestorm for free

▲ TOP GAINERS # Name Price 24h % 1 IoTeX IOTX $0.1264 54.46% ▲ 2 XinFin Network XDC $0.1238 24.95% ▲ 3 Nano NANO $6.46 11.41% ▲ 4 NEAR Protocol NEAR $3.25 8.88% ▲ 5 Axie Infinity AXS $69.07 5.84% ▲ ▼  TOP LOSERS # Name Price 24h % 1 Ravencoin RVN $0.1451 10.22%▼ 2 THETA THETA $6.73 9.94%▼ 3 Internet Computer ICP $63.59 9.45%▼ 4 DigiByte DGB $0.05941 8.81%▼ 5 Synthetix SNX $10.32 8.68%▼ *Limited to cryptocurrencies in the Top 100. Prices as of 2:30 p.m. ET.

🍋Fresh Funding🍋 Dune, Crypto Analytics: $8M ⮕ The Series A funding round was led by Union Square Ventures and participated in by Redpoint Ventures, Dragonfly Capital, and Multicoin Capital. More: Dune is a crypto data analytics startup that supports data for Ethereum, Polygon, Optimism, and xDAI blockchains. The startup will use its fresh funding to expand its team, launch a new data platform, and support additional blockchains. Dune’s platform currently offers a free tier and a premium subscription starting at $390 per month. TaxBit, Crypto Tax Services: $130M ⮕ IVP and Insight Partners led the Series B funding round with participation from Tiger Global, Paradigm, Paradigm, Sapphire Ventures, and others. More: TaxBit previously raised $100M in a Series A funding round back in March. The Utah-based accounting firm and crypto tax software provider reached a post-round valuation of $1.33M. TaxBit was awarded $1M from the IRS in May to provide information and assistance on crypto tax collection.

Crowdfunding platform DAO Maker suffered an exploit for $7M in USDC. The incident was revealed in a post-mortem report from DAO Maker. More: The attack may have resulted from a “dumb bug” in a smart contract that may have given the hacker privileges to transfer funds out. All deposits sent to the suspected smart contract have been deactivated. The incident affected over 5,000 users, with each affected user averaging a loss of $1,250.

A message from REPLICATED Multi-Prem Software Delivery and Management Takes off with $50M Series C Funding Round Multi-prem software delivery and management helps software vendors package their cloud-native applications for multiple customer environments, including on-premises, private clouds, and air-gapped servers.  Why Multi-Prem: Increase total addressable market (TAM) - Easily offer Kubernetes applications to any customer environment, even those not using Kubernetes. Modernize apps without losing existing customers - Take advantage of containerized architecture and software development pipelines. Deliver modernized apps to customer-controlled environments, at scale, using a single architecture. Seeing is believing - Replicated’s customers include HashiCorp, Puppet, UiPath, Rocket, Chat, CircleCI, PluralSight, and Tripwire. More than half of the Fortune 100 uses Replicated to manage applications. Learn why multi-prem is the future of software delivery and management. Take your app to new places

QUICK HITS Freelance marketing is now fully mainstream! Read how business leaders structure marketing teams with both full-timers and freelancers.* Galaxy Digital hired former SIX Digital Exchange CEO Tim Grant to run Galaxy Digital Europe. DBS Bank’s crypto exchange was granted regulatory approval in Singapore to allow institutional investors to trade bitcoin (BTC). A week after the London upgrade, the Ethereum network has burned over 32,000 ETH (~$100M). The DHS and ICE plan to utilize computer forensics tools developed by Coinbase for boarder enforcement. The Remitano network, a blockchain aimed to facilitate fast transactions with low gas fees, launched its first native token, RENEC. Let go of your boomer tech. Contractbook unlocks all the business intelligence in your contracts and enables you to build automated workflows.* * Sponsored Content

Upcoming Events August 17 to 19 - Ai4 2021: Explore the top use cases of artificial intelligence for enterprise (Register Here)* August 18 - AMA with Lolita Taub, GP at The Community Fund (Register Here) August 24 - Growth Marketing Jam Session with Jenny Bryan and Craig Zingerline (Register Here) August 26 - DAOs: Disrupting with Code (Register Here) September 15 - Psychedelic Medicine: Fad or Phenom (Register Here) October 26-27 - Meet our Fund Fall '21 Cohort (Register Here) Want to see all of our upcoming events? Visit us at https://events.inside.com DID YOU KNOW WE'RE HIRING? We have multiple positions open for 100% remote, full-time analysts. Apply or refer someone. *This is a sponsored event posting

Griffin McShane is a J.D. candidate currently living in Portland, Maine. He is a graduate of Providence College, where he studied both computer science and business. Griffin aspires one day to go to the moon and bring some of his altcoins along for the ride. Editor Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford.

With Livestorm, host any meeting, webinar or event from end-to-end.

Enabling software vendors to deliver and manage Kubernetes applications on-premises. Get a demo.

Click to Share ➞

767 Bryant St. #203, San Francisco, CA 94107 Copyright © 2021 Inside.com

Did someone forward this email to you? Head over to inside.com to get your very own free subscription! You received this email because you subscribed to Inside Cryptocurrency . Click here to unsubscribe from Inside Cryptocurrency list or manage your subscriptions.