Quick weekly news:
- DRAWDOWN: The amount of Ether (ETH) on exchanges is at its lowest point in the past two years after 5 mln tokens were withdrawn since March.
- PAPER FREE: Last Wednesday, the German government passed the legislation allowing all-electronic securities to be recorded with the blockchain technology.
- PRIVATE DEALINGS: Pornhub added Monero payments after Mastercard and Visa cut ties with the adult-content website.
Other notable events include:
- Hugh Karp is out $8M worth of NXM tokens because of a wily attacker
- New York-based Quontic Bank has become the first FDIC-insured financial institution to launch a Bitcoin rewards checking program.
Nexus Mutual CEO hacked
CEO of DeFi Insurer Nexus Mutual, Hugh Karp, is out $8 mln worth of its NXM tokens thanks to a wily attacker. Karp is being gracious about it, though. “If you return the NXM in full, we will drop all investigations and I will grant you a $300K bounty,” he told his unknown assailant on Twitter.
Crypto checking
New York-based Quontic Bank has become the first FDIC-insured financial institution to launch a Bitcoin rewards checking program. Joining a long line of crypto rewards cards, this is the first one to be overseen by the U.S. Office of the Comptroller of the Currency (OCC). Acting Comptroller Brian Brooks has hinted at more “good” actions on crypto by the end of President Trump’s term.
Also, be sure to check out top altcoin gainers and losers of the week:
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