IBC Group, NFT Tech, Faith Tribe to launch fashion-focused launchpad
Venhuizen, Netherlands, June 6, 2022 — Web3 and cryptocurrency incubators NFT Tech and International Blockchain Consulting (IBC) Group have partnered with the open-source fashion design platform Faith Tribe to launch Fashion DAO — a fashion-focused launchpad for fashion brands and creators looking to make a breakthrough in the Web3 arena. The launchpad lets fashion-focused companies tokenize and enter the nonfungible token (NFT) space to participate in a growing Web3 ecosystem and connect wit...
A brief history of Bitcoin crashes and bear markets: 2009–2022
Bitcoin (BTC) experienced one of its most brutal crashes ever in 2022, with the BTC price plummeting below $20,000 in June after peaking at $68,000 in 2021. June 2022 has become the worst month for Bitcoin since September 2011, as its monthly losses mounted to 40%. The cryptocurrency also posted its heaviest quarterly losses in 11 years. However, the current market sell-off doesn’t make Bitcoin crashes and bear markets exclusive to 2022. In fact, Bitcoin has survived its fair share of crypto ...
Innovation will drive NFT adoption despite mainstream presence: NFTGo founder
The presence of big players in the nonfungible tokens market might evangelize newbies, but they do not lead to mass adoption or innovation, claimed Tony Ling, co-founder of NFTGo in a conversation with Cointelegraph. Major developments, such as Adobe's acquisition of Figma, would potentially impact creators per the combination of both the companies' features. Adobe, for example, owns Behance, a creative showcase platform that allows users to connect crypto wallets and NFTs to their ...
BitcoinBSV
IBC Group, NFT Tech, Faith Tribe to launch fashion-focused launchpad
Venhuizen, Netherlands, June 6, 2022 — Web3 and cryptocurrency incubators NFT Tech and International Blockchain Consulting (IBC) Group have partnered with the open-source fashion design platform Faith Tribe to launch Fashion DAO — a fashion-focused launchpad for fashion brands and creators looking to make a breakthrough in the Web3 arena. The launchpad lets fashion-focused companies tokenize and enter the nonfungible token (NFT) space to participate in a growing Web3 ecosystem and connect wit...
A brief history of Bitcoin crashes and bear markets: 2009–2022
Bitcoin (BTC) experienced one of its most brutal crashes ever in 2022, with the BTC price plummeting below $20,000 in June after peaking at $68,000 in 2021. June 2022 has become the worst month for Bitcoin since September 2011, as its monthly losses mounted to 40%. The cryptocurrency also posted its heaviest quarterly losses in 11 years. However, the current market sell-off doesn’t make Bitcoin crashes and bear markets exclusive to 2022. In fact, Bitcoin has survived its fair share of crypto ...
Innovation will drive NFT adoption despite mainstream presence: NFTGo founder
The presence of big players in the nonfungible tokens market might evangelize newbies, but they do not lead to mass adoption or innovation, claimed Tony Ling, co-founder of NFTGo in a conversation with Cointelegraph. Major developments, such as Adobe's acquisition of Figma, would potentially impact creators per the combination of both the companies' features. Adobe, for example, owns Behance, a creative showcase platform that allows users to connect crypto wallets and NFTs to their ...
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ored Ape Yacht Club (BAYC) creator Yuga Labs has warned there may soon be a “coordinated attack” targeting multiple non-fungible token (NFT) communities.
The NFT company told its Twitter followers on July 19 that its security team has been tracking a “persistent threat group” targeting the NFT community through compromised social media accounts, urging followers to be on the lookout.
This isn’t the first time the company has warned its community of a possible social media-led attack by hackers.
In June, Gordon Goner, pseudonymous co-founder of Yuga Labs, issued a warning of a possible incoming attack on its Twitter social media accounts.
Soon after the warning, Twitter officials began monitoring activity on the accounts and fortified their existing security. Goner told investors that the company would never conduct surprise mints, a popular method attackers use to lure victims.
The month also saw two official Discord groups linked to BAYC and OtherSide NFTs were compromised, allowing scammers to share various phishing links into the official BAYC, Mutant Ape Yacht Club, and OtherSide groups on discord.
Cointelegraph asked Yuga Labs for more details about the “persistent threat group” and the potential attack but did not receive an immediate response.
Yuga Labs' new warning comes only days after threat actors hacked popular NFT platform Premint NFT, stealing approximately 314 NFTs and $375,000 in Ethereum (ETH), making it one of the largest NFT hacks in 2022.
Premint is an NFT whitelisting service that helps NFT artists access a large number of verified NFT collectors quickly, whitelisting them for new NFT projects. The NFT services platform touts more than 12,000 NFT projects and a database of more than 2.4 million collectors.
According to blockchain security firm Certik, the thefts occurred on Sunday after hackers inserted malicious code into Premint’s website.
The code created a pop-up that prompted users to verify their wallet ownership but instead gave hackers the permissions necessary for them to transfer NFTs from their victim’s wallets.
Related: NFT, DeFi and crypto hacks abound — Here’s how to double up on wallet security
Six wallets have been identified as falling victim to the attack, containing NFTs, including Bored Ape Yacht Club, Otherside, Oddities, and Goblintown.
Premint said it would continue to “dig into the incident” and reminded users that they would never be asked to sign any kind of transaction on the platform.
The platform has also changed in light of the attack, allowing users to log in without their wallets — which they claim will be safer and more convenient.
ored Ape Yacht Club (BAYC) creator Yuga Labs has warned there may soon be a “coordinated attack” targeting multiple non-fungible token (NFT) communities.
The NFT company told its Twitter followers on July 19 that its security team has been tracking a “persistent threat group” targeting the NFT community through compromised social media accounts, urging followers to be on the lookout.
This isn’t the first time the company has warned its community of a possible social media-led attack by hackers.
In June, Gordon Goner, pseudonymous co-founder of Yuga Labs, issued a warning of a possible incoming attack on its Twitter social media accounts.
Soon after the warning, Twitter officials began monitoring activity on the accounts and fortified their existing security. Goner told investors that the company would never conduct surprise mints, a popular method attackers use to lure victims.
The month also saw two official Discord groups linked to BAYC and OtherSide NFTs were compromised, allowing scammers to share various phishing links into the official BAYC, Mutant Ape Yacht Club, and OtherSide groups on discord.
Cointelegraph asked Yuga Labs for more details about the “persistent threat group” and the potential attack but did not receive an immediate response.
Yuga Labs' new warning comes only days after threat actors hacked popular NFT platform Premint NFT, stealing approximately 314 NFTs and $375,000 in Ethereum (ETH), making it one of the largest NFT hacks in 2022.
Premint is an NFT whitelisting service that helps NFT artists access a large number of verified NFT collectors quickly, whitelisting them for new NFT projects. The NFT services platform touts more than 12,000 NFT projects and a database of more than 2.4 million collectors.
According to blockchain security firm Certik, the thefts occurred on Sunday after hackers inserted malicious code into Premint’s website.
The code created a pop-up that prompted users to verify their wallet ownership but instead gave hackers the permissions necessary for them to transfer NFTs from their victim’s wallets.
Related: NFT, DeFi and crypto hacks abound — Here’s how to double up on wallet security
Six wallets have been identified as falling victim to the attack, containing NFTs, including Bored Ape Yacht Club, Otherside, Oddities, and Goblintown.
Premint said it would continue to “dig into the incident” and reminded users that they would never be asked to sign any kind of transaction on the platform.
The platform has also changed in light of the attack, allowing users to log in without their wallets — which they claim will be safer and more convenient.
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