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Market

Crypto Market Highlights April 25, 2022

April 25, 2022 - Around 3 mins mins to read
crypto market

Crypto Market Highlights: General News

  • The board of directors of Twitter is discussing letting Elon Musk take the entire firm, with the discussion between the two sides taking place on April 24. Furthermore, Musk’s bid deal could be finalized this week. A deadline for closing any potential deal is being discussed, as are any fees that would be paid if an agreement was signed and then fell apart.
  • Nissan and Toyota, two Asian automakers, enter the metaverse, setting up new virtual offices and events for the community. Both firms are attempting to innovate in the Metaverse by utilizing virtual reality (VR) to provide immersive displays of their vehicles, owing to their collaborations with the video game developer startup VRChat. Customers will be the cornerstone of Nissan’s virtual reality rooms. Toyota, on the other hand, will focus on remote working conditions, constructing offices for its employees to explore technical breakthroughs using their avatars.
  • Shiba Inu released its long-awaited ‘SHIB Burn portal,’ allowing anybody to ‘burn’ the tokens. Over 10 billion SHIB tokens have been ‘burned’ and withdrawn from circulation in just three days. One mystery individual stands out among the transactions for ‘burning’ a stunning 1 billion SHIB tokens in a single transaction. The cost of removing 1 billion tokens from circulation is estimated to be roughly $23,370.
  • Vitalik Buterin, the founder of Ethereum, feels his influence on the ETH has decreased in recent years. Buterin acknowledged in a recent interview that there are many people in the Ethereum community that even he has to “convince to push in a particular direction.” Because of the numerous stakeholders that have a role in the decision-making process, Vitalik Buterin said in the interview that implementing major changes to the Ethereum protocol is getting more difficult. Today, protocol choices “tend to be done” through a bi-weekly call known as the “all-core devs call,” in which everyone must agree to move forward with a proposal.
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  • PeckShield Alert has announced that there is a bath of STEPN phishing sites. “They insert a false Metamask browser extension leading to stealing your seed phrase or prompt you to connect your wallets or “Claim” giveaway,” the blockchain security company wrote on its Twitter. The leading move to earn app STEPN has only one official website. Please DO NOT access or connect your wallet to any other forged website.
  • Since 2015, the US Secret Service (USSS) has confiscated more than $102 million in cryptocurrencies during criminal and fraud investigations, according to David Smith, Assistant Director of Investigations. With 161 offices and over 3,000 staff, Smith supervises the USSS’s global investigation wing. During that time, the Secret Service investigated 254 cryptocurrency-related incidents, according to the Secret Service Officer.
  • Over 11,500 Ethereum AkuDreams worth approximately $33 million were locked permanently under a smart contract, unreachable even to the development team, in the highly anticipated NFT project Akutars AkuDreams over the weekend due to both an exploit and a glitch. The exploit, on the other hand, was carried out by someone attempting to expose a flaw in the project rather than steal funds through a hack.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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