BIG Drop in BTC Dominance
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In today’s newsletter:
Price Point: Bitcoin dominance falls further, eth in red….
Hacker Steals Bill Murray’s Crypto After $185K NFT Charity Auction
Thailand Follows India In Dealing With Misleading Crypto Ads, Publishes New regulations.
Price Point:
Bitcoin has slipped 0.6% in the past 24 hours to trade at $19,809.65. It is 1.3% lower than the week before.
The second most popular token, Ethereum, has dropped 0.6% from yesterday to trade at $1,556.72. It has climbed 4.1% from last week.
BNB is trading at $278.56, which is 0.6% up from yesterday and a 0.3% rise from last week. Cardano and Dogecoin are trading at $0.44 (up 4.6%) and $0.066 (up 1.7%), respectively.
Solana, Shiba Inu, and Polygon are currently trading at $31.47 (up 1.2%), $0.000011 (up 1.5%), and $0.88 (up 1.3%), respectively.
Based on the weekly chart, Solana is down 0.5%, while Polka Dot has risen by 3.7%. Shiba Inu is up 1.4% in the last seven days, whereas Polygon has gained 9.6%
Hacker Steals Bill Murray’s Crypto After $185K NFT Charity Auction
Hackers stole Ethereum worth $185,000 from Bill Murray on Thursday after an NFT charity auction. The actor was auctioning a "Beer with Bill Murray" NFT, with a hacker stealing the proceeds.
Hours after the closing of Bill Murray’s NFT auction that raised 119.2 ETH (around $185,000) for charity Thursday, a hacker stole the funds.
The hacker started to drain Murray’s personal wallet at around 7:00 p.m. ET on Thursday. The unknown individual also attempted to take non-fungible tokens from the actor’s personal collection.
Murray’s team says it’s filed a police report and is working with crypto analytics firm Chainalysis to bring the attacker to justice
The wallet safety is very important, see a related article on the wallet and its safety by Crypto Jargon :
Thailand Follows India In Dealing With Misleading Crypto Ads, Publishes New regulations.
The Thailand Securities and Exchange Commission (SEC) has published amended regulations related to advertisements associated with cryptocurrencies after it came to light that some crypto ads were showing only the positive aspect of crypto and not properly disclosing the risks associated with it.
The Thailand SEC said that the new rules formed recently must clearly show investment risks in crypto advertisements, and also provide a balanced view of the potential risk and returns
Incidentally, the Advertising Standards Council of India (ASCI), too had come out with guidelines on crypto advertisements earlier this year.
The ASCI guidelines say that since cryptos are a risky category, celebrities or prominent personalities who appear in VDA(virtual digital assets) advertisements must take special care to ensure that they have done their due diligence about the statements and claims made in the advertisement, so that they do not mislead consumers.