Digest

• Elon Musk confirms that there is no investment in, SHIB Falls From ATH
• There are a lot of hacks in the world: CoinMarketCap Data Leaks; Polygon Evades $850 M Catastrophe
• Valkyrie’s ETF Debuts on Nasdaq With $78 Million Traded on Opening Day
• Blockchain Startup: Free Crypto for Eye Scans: Already 130k people involved

Elon Musk confirms that there is no investment in Shiba Inu. SHIB falls from ATH

Thanks to Tesla CEO Elon Musk and SpaceX CEO Elon Schumus, the doge-killer Shiba Iu (SHIB), has become one of the most discussed cryptos. SHIB saw a significant rally thanks to Musk’s tweets, which led to an all-time high of $1.24 on October 24.

After supporting the meme coin with Tweets, the Tesla chief has clarified that he doesn’t have an investment in Shiba Inu (SHIB). Musk said that he didn’t have any SHIB, when asked about how much he owned.

Hi @elonmusk, How much $Shib are you holding?Please!

— Shiba Inu (@ShibaInuHodler) October 24, 2021

SHIB (Shiba Inu) plunged 16.3% since October 24th, when it hit its ATH at $0.0000444242. SHIB is now trading at $0.00003911, 13% lower than its ATH.

Flipsider

• After rumors surfaced that Shiba inu (NASDAQ:) would soon be listed on Robinhood, there were hopes for a rebound.

Why you should care

Musk said that he only holds three cryptos: Ether and. Musk clarified that while he had invested in DOGE, he did not own any assets related to the Dogecoin Foundation.

There are a lot of hacks in the world: CoinMarketCap Data Leaks; Polygon Evades $850 M Catastrophe

CoinMarketCap, the world’s most-referenced crypto price tracker, is on the receiving end of a data leak. Leaked email addresses, which do not contain passwords or any other information, were belonging to over 3.1 million CMC customers.

Data was leaked first in August, but it was resurfaced in the past few days. Details about the infamous attacker who caused this data breach are still unknown as of today’s writing.

DeFi’s leading bug bounty platform, Immunefi, has announced that a researcher named Gerhard Wagner was paid $2 million for his help in identifying a bug that would have cost Polygon an estimated $850 million.

It was in the Polygon-Blockchain bridge that the vulnerability was discovered. The bug in Polygon’s Plasma Bridge, which has now been fixed, allowed deposits of ETH to be withdrawn as Polygon (POLY) up to 223 times.

Flipsider

• CoinMarketCap maintains that no data breach has been discovered despite the leakage of user information

What you should care about

An increasing number of hackers has raised security concerns.

Valkyrie’s ETF Debuts on Nasdaq with $78 Million Traded on Opening Day

The launch of the second Bitcoin-based ETF (ETF), was a significant milestone for crypto-industry. It came just days after ProShares Bitcoin ETF launched on the New York Stock Exchange.

Valkyrie also launched the Bitcoin Strategy ETF via the Nasdaq exchange in the same week that the ProShares Bitcoin ETF was made public. Valkyrie’s ETF, “BTFD,” scored an opening day trade volume of $78 million on Nasdaq.

According to the CEO of Valkyrie, Leah Wald, the demand for Bitcoin is so strong that they are looking at bringing “two or three” new ETFs to market. However, Valkyrie’s ETF began trading at $25.52 per share and fell to a low of $24 by Friday’s close.

Flipsider

• Valkyrie’s ETF was outshined by the ProShares ETF, which hit $1 billion in trades on its first day on the NYSE.

Why you should care

The debut of Bitcoin ETFs helped in Bitcoin’s push to a new ATH. With the addition of additional EFTs, Bitcoin is expected to surge further.

Blockchain Startup: Free Crypto for Eye Scans: Already 130k people involved

There are many unique uses for cryptocurrency. One startup in Silicon Valley recently gave away free crypto to people who scanned their eyes. Worldcoin, their cryptocurrency of choice, is the payment.

Worldcoin describes itself as “a new, collectively owned global currency that will be distributed fairly to as many people as possible.” Worldcoin has a fixed supply of 10 billion tokens with 20% utilised to fund the production of Orb iris-scanner devices and initial protocol development.

Sam Altman is a tech millionaire who was previously the head of Y Combinator. He’s now the mastermind behind Worldcoin. The project hopes to gather eye scans of people as biometric authentication to ensure that individuals don’t get multiple allocations.

According to its data, it has collected over 130,000 registrations, and its user accounts aren’t associated with any of the biometric data. Worldcoin will scan the eyes and retinas of one billion people by year end.

Flipsider

• The project is funded by $25 million in sponsorships, which includes A16z. Worldcoin has yet to launch.

Why you should care

Worldcoin is an asset owned by the entire community. It aims to spread cryptocurrency adoption as widely as possible and distribute it as evenly as possible. Currently, only 3% of the world’s population hold a cryptocurrency.

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