Crypto News Daily – Feb 11, 2022

Last Updated on February 11, 2022

BTC Hashrate Surge:

Hackers target DEGO Finance, draining over $10M:
According to the blockchain security and analytics company Peckshield, exploiters ran away with more than $10 million from DEGO Finance as well as from GameFi Incubator Cocos-BCX. Around 13 addresses were drained of funds, with some belonging to Binance Smart Chain (BSC), Ethereum, and Cronos. Attacker’s address obtained assets worth more than $2.4 million on BSC and more than $4.9 million on ETH. The network stated:

Cardano Milestone Upcoming:

BitLicense Issued By New York Department of Financial Services (NYDFS):

YouTube Pledges To Make NFTs Safer:

Coinbase Removes Suspect Links:

Truckers Raise BTC, Elon Endorses:

BTC Surge:

Gucci has joined Nike, McDonalds, and many others in spending millions for plots of land on the virtual world of metaverse. According to a February 9 report by Vogue Business:
“Gucci will launch its own virtual world on digital real estate platform The Sandbox, as it expands its presence in the metaverse for its Gen Z-focused platform Gucci Vault.”

EL Salvador News:
One of the “big three” credit rating agencies demoted El Salvador’s IDR to ‘CCC’ from ‘B-’. The downgrade comes primarily as a repercussion to El Salvador’s Bitcoin bet as the country had adopted the crypto as legal tender last year. According to the report, “weakening institutions and concentrating power in the presidency have increased the unpredictability of public policies.”