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The Consumer Federation of America reported that cryptocurrency scams and cybercrimes resulted in estimated losses of $80.7 billion, with investment fraud being the largest category at $8.6 billion. The FBI's complaint center recorded over 1 million complaints, totaling $20.9 billion in losses.
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Solana Mobile will release the Seeker phone on August 4, featuring the SKR ecosystem token. The decentralized Solana Mobile ecosystem aims to provide a secure Web3 experience for users and attract more manufacturers through its architecture.
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Millions of dollars are being wagered on Bitcoin's future price, with predictions ranging from hitting $110,000 by the end of May to surpassing $200,000. Various platforms like Polymarket and Kalshi are hosting these bets, indicating different probabilities for Bitcoin's price milestones.
Blockworks
VOYA Games, a crypto gaming startup, secured $5 million in funding to develop Craft World, a pixelated game set in a post-apocalyptic world where humans coexist with dinosaurs. The game features NFT items and a shared player economy.
Coindesk
World Network's WLD token raised $135 million in a private sale to a16z and Bain Capital Crypto for network expansion. The token surged 14% on the news, with a market cap of $1.87 billion and a 55% increase in the last month.
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Dogecoin, the eighth-largest cryptocurrency by market cap, surged 6% to over $0.23 in the last 24 hours, outpacing Bitcoin's 4% rise. The SEC's delay on a DOGE-based ETF proposal by Grayscale may have contributed to the altcoin's recent gains.
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Coinbase reported a data breach affecting over 69,000 users, with 217 from Maine, involving sensitive information accessed by cyber criminals. The breach was discovered in May, months after abnormal behavior was noticed among customer service representatives.
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Bitcoin reached a new all-time high above $109,000, driven by recent positive market conditions and increased institutional interest. The cryptocurrency has surged nearly 25% in the last month, with growing optimism about its long-term potential as a macro asset.
Blockworks
VanEck plans to launch the PurposeBuilt fund focusing on Avalanche, managed by the Digital Assets Alpha Fund. The fund will invest in liquid tokens and projects across various sectors, with a long-term outcomes strategy.
Decrypt
Festo Ivaibi, founder of Mitroplus Labs, was abducted in Uganda by armed individuals posing as security operatives, who forced him to transfer $500,000 in crypto to their controlled wallet. The incident is part of a series of coordinated attacks targeting crypto holders.
www.bleepingcomputer.com
A recent data breach at crypto exchange Coinbase affected 69,461 customers, according to a filing with the Office of Maine's Attorney General. Exposed data included names, dates of birth, and masked bank account numbers, though access to funds was not affected. The breach involved overseas support staff accessing customer data, prompting concerns about potential social engineering attacks.