Money Lost to Crypto Scams Soars 📈

Solana Labs distances itself from Melania Trump's NFTs. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $2.16T (-4.69%) 24 Hour Volume $90.54B (-23.25%) Notable Movers[(WAVES) $19.09]( (+5.33%) Notable Movers (DeFi)[(CVX) $33.35]( (+11.33%) Bitcoin Dominance 40.98 %[(+0.34)]( Bitcoin Price[(BTC) $46,855.07 (-3.91%)]( Ethereum Price[(ETH) $3,774.86 (-7.07%)]( Cardano Price[(ADA) $1,21 (-7.79%)]( Introduce the Best Decentralised Exchange - ApolloX DEX ApolloX is the world's first CEX-DEX hybrid exchange, with deep liquidity, stable system and up to 100x leverage. [Check it out!]( Editor's Note Can You Control Who Builds on Your Blockchain? You can’t. The team behind the Solana blockchain was forced to face this lesson today, when former first lady Melania Trump announced a line of her own personal NFTs on Solana. Solana was quick to give a comment to crypto outlet Decrypt, in case anyone thought even for a second that Solana was in any way behind this collection — "her choice to use the Solana blockchain was completely organic." Ouch. The permissionless, decentralized nature of blockchain means just that — it is permissionless. Controversial former first ladies of twice impeached former U.S. presidents don’t have to ask permission to use your blockchain to mint a painting of their own eyes. They don’t even have to ask permission if their NFT collectibles platform is sponsored by far-right slash extremist-oriented social media platform Parler. Did I mention that an unclarified amount of the money goes to "assist children aging out of the foster care system" from the sale of these NFTs, created by a woman who once wore a jacket saying "I really don’t care, do you?" on her way to visit a shelter for the children of illegal migrants. The first NFT, "Melania’s Vision," also contains an audio message: "My vision is: look forward with inspiration, strength and courage." I wonder which former world leader’s spouse will create an NFT of their vision for the future next. Maybe former Kazakh president Nazarbayev’s wife Sara? Or perhaps Russia’s Dmitry Medvedev’s spouse Svetlana will give it a go? Stake XYM to Earn Up to 8% APY Get more bang for your crypto assets. Stake XYM to earn up to 8% APY. Changed your mind? Unstake your tokens anytime. [Get Started Now!]( Today's Top Stories [Macro News] United eyes English football club]( A group of American investors have revealed they're planning to buy an English football team using cryptocurrency — and it's fair to say many fans aren't impressed. WAGMI United are reportedly eyeing Bradford City AFC, a League Two team in the country's north. The group plans to embrace NFTs as a source of revenue and outspend opponents so the club can enter top-flight football. But fans and journalists are against the idea, and it seems WAGMI United haven't done much research. Trump NFTs spark backlash]( Melania Trump has suffered a backlash after announcing she is launching her own range of non-fungible tokens. The former first lady is launching the NFTs on the Solana blockchain, and says the collection "embodies her passion for the arts." Her first NFT is known as "Melania's Vision" — a watercolor artwork that features her "cobalt blue eyes, providing the collector with an amulet to inspire." But in an unusual move, Solana Labs has distanced itself from the drop. Bitcoin hit Bukele's poll numbers?]( El Salvador's President Nayib Bukele commands an approval rating of 85.1%, according to a poll in a national newspaper. La Prensa Grafica's research indicates just 11.7% of adults disapprove of his work so far, while the remaining 3.2% aren't sure. The newspaper went on to claim that voters appear to see the introduction of Bitcoin as legal tender as one of Bukele's failures — "but this is not taking its toll on the president or at least it does not weigh as much as his achievements." billion lost to crypto scams in 2021]( It's been another blockbuster year for crypto scams, according to new figures released by Chainalysis. More than $7.7 billion in cryptocurrencies has been taken from victims in 2021 — that's an 81% increase compared with the year before. The surge has been fueled by a rise in so-called "rug pulls" — predominantly found in the world of decentralized finance — where the founders of a project "abandon it unexpectedly, taking users' funds with them." Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Written by [Molly Zuckerman]( and [Connor Sephton]( Was this email forwarded to you? [Sign up here](. -WANT MORE CRYPTO BITES? - [Sign up here]( for Daily Newsletters. [App Store]( [Google Play]( [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2021 CoinMarketCap [Update Settings]( | [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States