CoinsPaid hacked $7.5M 👤, BlackRock layoffs 💣, MangoFarmSOL drained 💧

📌 Daily Crypto, Blockchain & Web3 Update 2024-01-08

CRYPTOCURRENCY

SEC reissues crypto ‘FOMO’ warning amid hope for spot Bitcoin ETFs (3 min read)

Social media users have pointed out that the regulator's “no go to FOMO” warning comes amid heightened anticipation over spot Bitcoin ETF approvals.

Wallet developer offers ‘on-chain bounty’ daring hackers to take $430K BTC (3 min read)

Zengo Wallet will reveal a wallet address containing up to 10 BTC and will also disclose two out of the three security factors used to create it.

BlackRock to slash 3% of workforce ahead of Bitcoin ETF deadline: Report (2 min read)

BlackRock is reportedly set to break the news to 600 employees in the coming days amid hopes for the approval of its spot Bitcoin ETF application.

Crypto gateway CoinsPaid hacked over $7.5M — Cyvers (2 min read)

CoinsPaid has experienced its second security breach in six months, according to Web3 security firm Cyvers.

QUICK LINKS

Bitcoin ETFs will solve unit bias psychology, says VanEck adviser (2 min read)

Gabor Gurbacs, an adviser at VanEck, highlights the psychology that makes investors feel more satisfied when owning an entire asset rather than just a fraction, particularly with Bitcoin.

Honduras special zone officially recognizes Bitcoin as a unit of account (3 min read)

Próspera’s tax commissioner, Jorge Colindres, said the development would expand the financial and monetary freedom for individuals in the area.

Nigeria’s CBDC wavers: Stakeholders analyze prospects of cNGN stablecoin (2 min read)

According to the Finna Protocol, a Nigerian multi-utility stablecoin ecosystem, including “heavyweights” in the cNGN consortium, signals that many businesses will support it once it goes live.

Funds on MangoFarmSOL drained, community alleges rug pull (2 min read)

MangoFarmSOL’s social media and website have been deactivated. Its Telegram channel with over 1,000 subscribers no longer accepts new members.