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HomeOpenseaCrypto Flipsider News – Ronin $625 Million Hack; Microstrategy Obtains $205M Loan...

Crypto Flipsider News – Ronin $625 Million Hack; Microstrategy Obtains $205M Loan to Buy BTC, Terra Hits New ATH; MetaMask Integrates Apple Pay Support; OpenSea to List Solana’s NFT in April, Visa Launches New NFT Program

Crypto Flipsider News – Ronin $ 625 Million Hack; Microstrategy gets a $ 205 million loan to buy BTC and Terra hits a new ATH. MetaMask integrates Apple Pay support. OpenSea lists Solana’s NFTs in April and Visa launches new NFT program

Read the digest:

  • Axie Infinity’s Ronin suffers from a $ 625 million exploit in a massive DeFi hack.
  • MicroStrategy gets a $ 205 million loan to buy BTC and buys $ 135 million as it approaches a historic moment.
  • MetaMask integrates Apple (NASDAQ 🙂 Pay support, allowing users to buy ciphers on their cards.
  • OpenSea will list Solana’s NFTs in April, and Visa (NYSE 🙂 will launch a new NFT program.

Axie Infinity’s Ronin suffers from a $ 625 million exploit in a massive DeFi hack

Ronin, the network behind the popular NFT game Axie Infinity, is suffering from a $ 625 million exploit in one of the biggest “distributed finance” hacks to date.

Ronin confirmed the report in a blog post and stated that the attackers stole $ 625 million in wrapped Ethereum (173,600 Ethereum) and USDC (25.5 million).

Ronin explained that the attacker “forged a fake withdrawal using a hacked private key” from the Ronin bridge over two transactions.

The Ronin sidechain requires 5 out of 9 validators for withdrawals. However, the blog post states that “an attacker found a backdoor through a gas-free RPC (NYSE 🙂 node and abused it to obtain the signature of the Axie DAO validator.”

Flip Cider:

  • RON, the native token of the Ronin network, has experienced a major plunge since the news was reported, dropping from $ 2.3 to $ 1.822 per coin at the time of this writing.

Ronin (RON) 24-hour price chart. Source: Tradingview

Why you need to care

Ronin’s hacks have re-exposed the underlying vulnerabilities in the DeFi bridge network and revived the demand for improved security in DeFi spaces.

MicroStrategy gets a $ 205 million loan to buy BTC, Terra buys $ 135 million as Bitcoin approaches a historic moment

Bitcoin’s largest institutional investor, MicroStrategy, has acquired a $ 205 million loan to purchase more of its key assets. The interest-only term loan was approved by Silvergate Bank through a subsidiary.

Microstrategy (NASDAQ 🙂 has revealed that the loan is secured by “a specific Bitcoin held in Macrostrategy’s collateral account”. In addition to buying Bitcoin, MicroStrategy uses a loan to pay all fees, interest, and expenses associated with the transaction.

Terra is another foundation that has recently swallowed Bitcoin. On Monday, Terra announced the purchase of $ 135 million worth of Bitcoin, a total of over $ 1 billion since January. With this news, Terra (LUNA) has become a new ATH of $ 109.66.

Terra (LUNA) 7-day price chart. Source: Tradingview

Bitcoin participates in Terra when setting up a new ATH, but is the total number of addresses holding the cipher. According to data from IntoTheBlocks, the number of non-zero Bitcoin addresses reached a record high of 40.25 million on March 25.

Flip Cider:

  • Some market analysts have warned that the Fed’s tightening of policies could cause Bitcoin prices to skyrocket to $ 10,000.

Why you need to care

The increasing support received by Bitcoin and the increasing number of addresses holding assets have heightened bullish sentiment towards the world’s largest crypto.

MetaMask integrates Apple Pay support, allowing users to buy ciphers with their cards

The popular crypto wallet service MetaMask has announced that it will extend its service to include the Apple ecosystem. After the integration, Apple Pay users will be able to purchase cryptocurrencies using credit and debit cards.

On March 29th, MetaMask announced the release of mobile version 4.3.1. There have been many changes to the update, but it was most important that Apple Pay was included. Apple does not support Crypto payments, so it processes transactions via “Wyre”.

The current deposit limit for Apple Pay users using Visa or Mastercard and the Wyre API is fixed at $ 400. Further updates have introduced gasless transactions to MetaMask users.

Flip Cider:

  • Due to its growing popularity, cybersecurity company ESET recently discovered a scheme for distributing counterfeit products. MetaMask wallet.

Why you need to care

After the update, users can now purchase cryptocurrencies using their debit or credit cards without having to send ETH to the app in advance.

OpenSea lists Solana’s NFTs in April and Visa launches new NFT program

After a long wait, NFTs may soon be available on OpenSea, the world’s largest NFT marketplace. Market leaders have hinted that they will begin supporting irreplaceable tokens from the Solana chain in April.

“Wen Solana?” In a video released on March 29, OpenSea teased the addition of April, but withheld the exact date that Solana NFTs will be available in the major NFT markets.

To help creatives build their businesses with non-fungible tokens, Visa has launched a new program called the “Visa Creator Program.” This initiative is aimed at entrepreneurs working in the arts, music, fashion and film industries.

The one-year NFT Immersion Visa Creator Program supports creators through technology and product mentorship, community building, access to thought leaders, exposure to Visa clients and partners, and one-off scholarships. To do.

Flip Cider:

  • Many experts argue that many NFT projects cannot withstand the challenges of time due to rising prices, despite increasing adoption and use cases.

Why you need to care

There is growing interest in NFTs as Creative recognizes its potential as a promoter of the creator economy.

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