NFT News by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage LinksDAO, a decentralized autonomous organization (DAO) that caters to golf enthusiasts, announced that it has moved one step closer to purchasing a Scottish golf course. The DAO and the proprietor of the 18-hole Spey Bay Golf Club, which is located on Scotland’s northern coast, have an exclusivity agreement in place. After conducting due diligence and assuming everything goes according to plan, the property will transfer to the collective within the following three to four weeks. According to Jim Daily, CEO of LinksDAO, who expressed excitement over the development, the community hopes to complete the transaction within the month. LinksDAO cited that the transaction has not yet been fully closed as the reason for declining to disclose the offer’s value. According to the property listing, the seller of Spey Bay Golf Club had set a listing price of $905,000 for their home. Although no precise sum...

The NFT project doodles is looking to go beyond being an NFT project, with plans to become a "leading media franchise." Identity crisis: Cofounder of doodles says it’s not an NFT project One of the co-founders of nonfungible token (NFT) project doodles says it is going to pivot away from being an “ NFT project ” to becoming a “leading Media franchise.” In a March 18 post on the project’s Discord, one of the doodle’s founders, Jordan Castro — who goes by the pseudonym “poopie” online — said it wanted to move away from financial speculators. “We’re trying to go from a startup to a leading media franchise. We are no longer an ‘NFT project,’” said Castro. Castro’s Discord post explaining doodles move to be a media franchise. Source: Discord Doodles was launched in October 2021 and has grown to reach a $704 million valuation according to a September 2022 funding round. The collection also boasts iconic musician Pharrell Williams as its chief brand officer. Going forward, Castro ...

Cathie Wood said the ongoing baking crisis is a total Fed policy failure and could have been averted with crypto’s decentralized solutions. Amid all the chaos around multiple bank runs in the United States, Cathie Wood, CEO of asset management firm Ark Invest, said Cryptocurrencies acted as safe haven amid the ongoing banking crisis in the US. She blamed the recent downfall of the likes of Silicon Valley Bank (SVB), Signature and others on the Fed’s policy failure.  Cryptocurrency prices shot up in double digits, with Bitcoin (BTC) and Ether (ETH) touching new multi-month highs amid the US banking crisis. In a Tweet thread on March 16, Wood criticized the Federal Reserve’s inability to avert bank runs despite all the signs being there. She said she was “baffled that banks and regulators could not convince the Fed that disaster loomed.” She argued that the Fed policy was the primary culprit for the ongoing banking crisis since there was a venture capital funding drought. Crypto did...

The banking realm has taken many punches, as three prominent banks have already collapsed in 2023. The whole financial market is in turmoil as a result of the ongoing banking crisis. On March 15, after its biggest shareholder, the Saudi National Bank, declined to give the company more financial support, shares of Credit Suisse fell to a new record low. However, Credit Suisse Bank CEO Ulrich Koerner recently stated that their liquidity base is strong. Also read: Ripple: Deaton Predicts Case May Reach Supreme Court Before Congressional Action JUST IN: $578 billion-asset bank Credit Suisse CEO says their "liquidity base is strong." — Watcher.Guru (@WatcherGuru) March 15, 2023 Credit Suisse Bank CEO says material weakness in report has no financial results impact Koerner also mentioned that the material weakness mentioned in the report had no impact on the financial results. He also added that the material weakness refers just to the financial reporting...

SEC vs. Ripple is a well-known dispute that has been going on for more than two years. The SEC charged Ripple with marketing XRP as a sec urity, burdening XRP’s potential for long-term price growth. It is one of the most well-known court battles in the history of cryptocurrencies and a crucial development for industry regulatory worries. A crucial summary decision in the case of Ripple v. SEC is imminent because of fresh developments that could change the outcome. Also read: MetaMask Resolves Privacy Flaw That Allowed Account Linking CryptoLaw’s founder and attorney recently stated in a tweet that Ripple could reach the US Supreme Court before it reaches Congress . I’ve said for 2 years: Clarity comes from the Courts – not Congress – and not the SEC. It’s not the way it should be but it’s the way it is and the way it’s going to be. Hell, the Ripple case could be heard by the Supreme Court before Congress acts. We must fight in the Courts. https://t.co/9KZxhI7IFN — Jo...

Dogecoin, Zcash and Litecoin have already patched the “critical” vulnerability, but hundreds of others may not have, risking billions' worth of crypto. 280 or more blockchain networks are estimated to be at risk of “zero-day” exploits that could put at least $25 billion worth of crypto at risk, according to cyber Security firm Halborn. In a Mar. 13 blog, Halborn warned of the vulnerability it dubbed “Rab13s” — adding it has already worked with some blockchains, such as Dogecoin, Litecoin and Zcash, to institute a fix for it. Halborn discovered massive #ZeroDay impacting Dogecoin and 280+ networks including Litecoin and Zcash, putting over $25 Billion of digital assets at risk! ... — Halborn (@HalbornSecurity) March 13, 2023 Halborn was contracted by Dogecoin in March 2022 to conduct a security review of its codebase and found “several critical and exploitable vulnerabilities.” It later determined those same vulnerabilities “affected over 280 other networks” that risked billi...

Euler Finance became the victim of a flash loan attack where the exploiter managed to drain hundreds of millions worth of decentralized stablecoins and synthetic ERC-20 tokens. Ethereum-based non-custodial lending protocol Eurler finance faced a flash loan attack on March 13, with the attack er managing to steal millions in DAI, USDC, staked Ether (StETH) and wrapped Bitcoin (WBTC). According to on-chain data, the exploiter carried out multiple transactions stealing nearly $196 million as per the last update. On-chain data analytic firm Certik data indicates the exploiter has stolen nearly 43 million in decentralized stablecoin DAI and nearly 93,800 in wrapped Ether (wETH). The ongoing attack has already become the largest hack of 2023.  The breakdown of stolen funds are as follows: Funds stolen from Euler Finance. Source: BlockSec. According to another crypto analytic firm Meta Seluth, the attack er is correlated with the deflation attack that occurred one month ago. The attack e...