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Here are today’s market moves:
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Solana is turning into the McDonald’s ice-cream machine of the crypto world
It seems like the only people who are making money are scammers and hackers! In the past few months, the Solana network has had server issues, a DDOS attack, and now it got hacked. And it was a huge hack!
Wormhole, a protocol that allows users to move their tokens and NFTs between Solana and Ethereum, has confirmed that it suffered an exploit of 120,000 Wrapped Ethereum, worth over $320 million—higher than the $250 million originally suspected. The price of Solana tumbles 10% after the hack.
We found a Twitter thread that tells us how the hack was executed, including references to the code that was exploited.
PlayStation welcomes Bungie
Within the span of one month, three major video game companies made seismic acquisitions that are changing the shape of the industry.
Take-Two Interactive buys Zynga, for $12.7 billion.
Microsoft buys Activision Blizzard for a whopping $68.7 billion.
Sony buys Destiny and Halo developer Bungie, for $3.6 billion.
Sony had to react to what Microsoft did a few weeks ago. Otherwise it would be a sitting duck in the crypto space.
Both have been rivals in the gaming space for over a decade now, with their own gaming devices: PlayStation and Xbox.
Looking for a crypto job? Disney is hiring a NFT expert!
To lead its efforts in the NFT space, Disney has put out a job opening with the following requirements: You will help lead Disney’s efforts in the NFT space including monitoring the evolving marketplace, setting category strategy, and managing key partners.
There are 4 NFT-related jobs on Disney’s website.
How big does a quantum computer need to be in order to break bitcoin?
The UK and the Netherlands decided to research two very different quantum problems: breaking the encryption of Bitcoin (a digital currency) and simulating the molecule responsible for biological nitrogen fixation.
Find more on the research here.
Check this out
Want daily nuggets of information on BTC and ETH?
We recommend following @DocumentingBTC and @DocumentEther on Twitter. The two accounts are amazing at posting important events, updates and past trivia about the two networks.
Did you hear?
The NFL is giving Super Bowl attendees free NFTs that commemorate their tickets and serve as digital keepsakes. Each spectator will receive a token that is unique to their respective section, row and seat.
Sales of real estate in the metaverse topped $500 million last year and could double this year, according to MetaMetric Solutions.
Crypto lingo of the day
Initial Coin Offering (ICO):
A way that funds are raised for a new cryptocurrency project similar to IPO in the stock market. Popular in 2017 and a legendary for some big disappointments.
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