After at least 9 days with reported outages so far in 2022, the price of solana (SOL), the 7th largest cryptoasset by market capitalization, does not appear overly affected by the network troubles, with prices for the most part staying rangebound between USD 80 and USD 120 since late January.
The multiple outages on the Solana network came back in focus again just this weekend, after an outage last Saturday and Sunday that was reportedly caused by bots trying to trade non-fungible tokens (NFTs) on the network.
Police in Norway have issued a warning to crypto owners, saying they should take measures to ensure their own security with things like multi-signature (multisig) solutions and alarm systems. The warning comes after a couple in Sweden in late April were assaulted and forced to hand over crypto worth a “significant” amount of money.
The incident took place on April 21 in the Swedish city of Norrköping. According to local newspaper Aftonbladet, the couple was sleeping in their bed when armed strangers broke into their home, tied them up, and forced the couple to transfer unspecified cryptocurrency to the robbers.
The couple did suffer injuries as a result of the robbery, and were taken to hospital after they managed to alert the police, the report confirmed.
A massively popular sale of virtual land by BAYC creator Yuga Labs over the weekend nearly brought the Ethereum (ETH) blockchain to its knees, as the firm was raising USD 320m through the sale of virtual land related to its metaverse project. Several Twitter users reported instances of Ethereum transaction fees in the thousands of US dollars, including one user who said a USD 3,800 fee was necessary in order to purchase an NFT worth USD 270. According to data from BitInfoCharts, average Ethereum transaction fees remained significantly lower than that, although still high by objective standards at USD 197 on Sunday as a result of the flurry of activity surrounding the land sale.
Crypto.com said on Sunday that rewards with its own CRO token will no longer be offered to Jade Green, Royal Indigo, Frosted Rose Gold, Icy White, and Obsidian cardholders from June 1.
The Central African Republic, which in late April adopted bitcoin as legal tender, did not inform the central bank in charge of its fiat currency about the decision, Bloomberg reported.
The luxury health club Equinox will start accepting crypto payments for membership fees, becoming the first gym in New York City to do so. The payments will be processed using BitPay.
The Swiss National Bank is opposed to buying and holding bitcoin (BTC) as part of its reserves, Chairman Thomas Jordan has said.
Crypto projects Rari Capital and Fei Protocol have suffered a USD 77m hack during the weekend, and Fei Protocol is now offering a USD 10m bounty to the hackers if they return the funds.
Coinbase is changing its asset listing process. From now on, information about a listing will only be published once a decision to list has been made, rather than once an asset is under consideration for listing, as has been the case until now, CEO Brian Armstrong wrote.
Samsung Asset Management is set to list a crypto and blockchain-focused exchange-traded fund (ETF) in Hong Kong in the first half of this year, making it the first crypto ETF to be listed in Asia.
The Joint Chiefs of Global Tax Enforcement (J5), a five-member group of global tax collection agencies, released a list of red flags relating to non-fungible token (NFT) marketplaces.