Blockchain Intel Tuesday #4
December 21, 2021 - It has been a relatively quiet week. Is it the calm of Christmas Eve or something else is at work?
The National Credit Union Administration (NCUA) provided new guidance allowing FICUs to partner with Crypto Providers to support the buying and selling of cryptocurrencies.
NFT forgeries are abundant within the current NFT ecosystem. Several artists reported their artworks have been taken and converted into NFTs on OpenSea.
Lawsuit filed against Coinbase claiming the company stole the work of a blockchain startup for a rival project under the guise of a potential investment.
Grayscale Bitcoin Trust (GBTC) fund is trading at a record discount to current price. Is it a buy?
Microstrategy, the largest public corporate holder of BTC, floated the idea of potential ways to 'generate yield' from the company's Bitcoin holdings.
Hacks and Scams
Grim Finance announced that a reentrancy attack was executed on its Grim Vault contract allowing the attacker to mint shares of the vaults, dilute the pools, and stole funds by exploiting the depositFor() function. Total lost is approximately $30M in FANTOM, ICE, SPIRIT and other tokens.