Plus, Twitter phishing has gotten out of control
| Part of  Network | |
 |
The Terra Ecosystem's founder, Do Kwon, claims that once the company completes its $10B bitcoin buy, it will be the largest single Bitcoin holder after Satoshi. He also said that the failure of UST would essentially translate to the failure of crypto. More: - The Terra wallet belonging to Luna Foundation Guard has already amassed $1.5B in bitcoin.
- LFG has been routinely making $100M+ bitcoin buys since Jan.21, 2022.
- Terra announced that it would begin integrating bitcoin reserves for its UST stablecoin in congruence with LUNA.
| |
Twitter phishing attacks are to blame for the theft of at least 35 NFTs this week. Several verified Twitter accounts have been hacked to elicit scam ApeCoin Airdrops. How it works: - A verified Twitter account (some with 50,000+ followers) is hacked, then tweets a link to a URL impersonating an ApeCoin airdrop site.
- Victims click the link and are immediately prompted to connect their wallets.
- Many believe this is a browser-based attack because some victims claim that they never connected their wallets but still had NFTs stolen.
- Some of the NFTs stolen include high-priced Bored Apes and Gutter Cats.
| |
The crypto market has been treading water ever since it reached all-time highs back in Nov. 2021. With pretty much every cryptocurrency up double digits the last few weeks, is the bear market over? More: - Over the last three months, bitcoin tested the $35,000 (50% off the highs) level 3 separate times.
- ETH held $2,300 (53% off highs) twice.
- If both ETH and BTC returned to the top of their respective channels, that would mean $75,000 BTC and $5,500 ETH by July.
- Coincidentally, the ETH merge is expected to take place in June-July.
- If ETH/BTC followed the channel and reached 0.095, then a $75,000 bitcoin would translate to a $7,125 ETH.
| |
The meme-coin Shiba Inu is selling 100,000 plots of land for its upcoming metaverse. The plots are expected to be priced at 0.2-1 ETH each. More: - The Shiba devs decided to use ETH as the metaverse's underlying cryptocurrency because using SHIB could present downside risk.
- Users can burn SHIB to rename their land plots.
- Land buyers will supposedly be able to generate passive income.
| |
| |
QUICK HITS - Quality custom NIGHT GUARDS & TEETH WHITENING KITS for 80% less than the dentist. Use exclusive code INSIDE33 for 33% off your order.*
- Here are all 26 crypto startups heading to Y-Combinator.
- Argentines are beginning to use play-to-earn games for income as inflation erodes their currency.
- Opera, the web browser with 300 million users, will soon support Polygon and Solana.
- Seed Club Demo Day this Friday.
- Ted Cruz introduced a new bill to prohibit the government from introducing a retail CBDC.
- Give your recruiting team an unfair advantage with Trinsly. Start your 21-day free trial.*
*This is sponsored content.
| |
| |
 |  | Trevor Grant is an entrepreneur, investor, and writer based out of Chicago, Illinois. His primary area of interest is web3 venture capital, social tokens, and infrastructure. Other pursuits include screenwriting, yoga, and traveling. He holds a BS in biomedical engineering. Connect with him on Twitter @trevorisonline |   | | 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. | |
| 767 Bryant St. #203, San Francisco, CA 94107
Copyright © 2022 Inside.com | |
| |
