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Nifty News: Total BAYC thefts crack $18.5 million, “Ape Now, Pay Later” loans come for NFTs and more

The total value of stolen BAYC NFTs has cracked $18.5 million, BNPL comes for NFT buyers and Australia makes big moves in the non-fungible space. A Dune analytics platform user has found that more than $18.5 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) Nonfungible tokens (NFTs) have been…
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Former Tiktok Gaming Boss Launches Metao, a ‘Blockchain Agnostic’ Gaming Company

Jason Fung, former head of gaming at Tiktok, the video-based social media, is launching a blockchain-based gaming startup. The company, called Metao, will focus on providing “blockchain-agnostic” solutions that will allow Web3 game creators to expand their reach and not be limited to just a chain and an ecosystem tied to a certain token. …
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Colombia Issues Guide for Implementing Blockchain for Public Projects in the Country

The Ministry of Information Technologies and Communications of Colombia, Mintic, has issued a guide that describes the steps to implement blockchain in projects directed at the state level. The document defines blockchain and its basic elements, and also describes the guidelines that some projects should follow, depending on the needs of each project. Colombia…
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South Korean MP Wants to Launch a Fund to Help Struggling Crypto Investors

A South Korean politician wants the government to create a special fund to help crypto investors who have suffered losses in the markets – and says that crypto exchanges should foot the bill. News1 reported that Kim Byung-wook, an MP for the opposition Democratic Party, told a group of blockchain industry leaders and financial regulators…
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FDIC reportedly scrutinizing Voyager Digital marketing; complex SBF ties come to light

Some Voyager Digital customers did not understand the scope of FDIC protection for their deposits, leading to questions about the firm’s marketing. Some Voyager Digital account holders were surprised when they discovered that their deposits did not have the protection they thought they did after the crypto brokerage and lender filed for bankruptcy Tuesday. This…
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Bitcoin price surges to $21.8K, but analysts warn that the move could be a fakeout

Traders rejoice after BTC price spikes 7% to $21,800, but analysts say the macro downtrend is likely to prevail for the foreseeable future. Hope springs eternal for many crypto investors after the market saw positive price movement on July 7, alongside gains in the traditional market.  Daily cryptocurrency market performance. Source: Coin360 The green day…
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VC firm Konvoy launches new $150M fund, eyes blockchain-based games

Gaming venture capital firm Konvoy launches new $150 million fund, with a portion set to be invested in cryptocurrency and blockchain-based games. Venture capital firm Konvoy Ventures is set to fork out at least $30 million to back various cryptocurrency and blockchain-based games. The American firm announced the launch of Konvoy Fund III, with $150…
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US Treasury issues framework addressing engagement on crypto with foreign regulators

The Treasury report was required under President Joe Biden’s executive order on digital assets issued in March. The United States Department of the Treasury has delivered to President Joe Biden a framework on crypto for U.S. government agencies to work with their foreign counterparts. In a Thursday announcement, the U.S. Treasury said it had reported…
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Reddit announces new blockchain-backed ‘Collectible Avatars’

The company said that the project is set to utilize the Polygon (MATIC) blockchain for decentralized trading and third-party sales. Content aggregation, ranking, and discussion website Reddit announced a new blockchain-backed avatar system on Thursday. Though no official date was revealed, the company suggested that the avatars will be available to the general public in…
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Lucky Player Wins A Second 5,000x Jackpot on Bitcoin.com’s Crypto Casino, Bags Another 3 BTC

Book of Aztec unleashes the power of luck, and dishes out a massive 5,000x multiplier! A 3 Bitcoin Jackpot Was Awarded From a Small Bet of 0.0006 Bitcoin When it rains, it pours – but it’s pouring money, or more precisely bitcoin (BTC), for this lucky player on our crypto casino! We reported earlier in…
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