An interesting year has come to an end for the crypto industry in Germany. Although blockchain technology and cryptocurrencies have not yet found wide acceptance in the country, more and more domestic institutions and investors are becoming interested in the crypto world thanks to legal clarity.Here, we’ll look back at the most important developments in the German blockchain … [Read more...] about New regulations, the digital euro and NFTs on the rise
NFTs
OpenSea Bug Allows Attacker to Get Massive Discount on Popular NFTs
A bug on the non-fungible tokens (NFT) marketplace OpenSea has allowed an attacker to get away with massive discounts on several NFTs and make huge profit.The bug, which was discovered as early as Dec. 31, 2021, allowed the attacker to buy NFTs at older, lower prices, and sell them for a hefty profit. The attacker's wallet holds 347 ether ($770,000) at the time of writing. An … [Read more...] about OpenSea Bug Allows Attacker to Get Massive Discount on Popular NFTs
Crypto and NFTs meet regulation as Turkey takes on the digital future
In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.Turkey — the cradle of civilization — is quietly digitizing despite its high-inflation economy, … [Read more...] about Crypto and NFTs meet regulation as Turkey takes on the digital future
Can NFTs Be Issued at Scale?
And that’s before NFTs even enter the picture. Creating an NFT, as with any transaction on Ethereum, is both cost-intensive and bad for the environment. Let’s not forget that, whatever Vitalik Buterin’s utopian plans might have been, his brainchild still runs on a proof-of-work protocol, so minting 10 million NFTs right now would cost $331,200,000 – much of that going into … [Read more...] about Can NFTs Be Issued at Scale?
NFTs and DeFi overturn a banker’s generational curse of poverty in 2 years
Brenda Gentry, a former USAA mortgage underwriter from Texas, believes that the cryptocurrency ecosystem offers a fighting chance to overcome the generational curse of poverty. Gentry, a.k.a. MsCryptoMom, left her decade-long job as a banker to pursue a full-time crypto career as her initial investments from early 2020 confirmed the “unprecedented opportunities offered by … [Read more...] about NFTs and DeFi overturn a banker’s generational curse of poverty in 2 years