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Coinbase has just fixed a 'potentially market-nuking flaw'

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coinmarketcap.com

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news@coinmarketcap.com

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Mon, Feb 21, 2022 04:41 PM

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The Ukraine crisis is weighing heavily on the markets. ‌ ‌ ‌ ‌ ‌ ‌ â?

The Ukraine crisis is weighing heavily on the markets. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $1.70T (-1.95%) 24 Hour Volume 72.41B (+11.67%) Notable Movers[(QNT) $112.90]( (+6.41%) Notable Movers (DeFi)[(TIME) $148.98]( (+8.50%) Bitcoin Dominance 41.71 %[(-0.08)]( Bitcoin Price[(BTC) $37,520.21 (-1.97%)]( Ethereum Price[(ETH) $2,604.25 (-1.15%)]( Cardano Price[(ADA) $0,91 (-2.36%)]( Editor's Note Can a DAO Ever Buy Anything? We all remember the failed ConstitutionDAO — they raised all that money, got everyone’s hopes up…and they didn’t actually manage to buy the Constitution. There have been a few DAOs since then that have actually succeeded in getting what they wanted — AssangeDAO managed to buy that NFT in support of Assange’s defense, for one. Other DAOs have failed spectacularly — SuperDAO only raised $20,000 for a $6.5 million crypto ad during the Super Bowl. Now, a new DAO is in the mix, and it has even higher expectations than all these other DAOs combined. BuyTheBroncosDAO wants to buy an entire football team. If you think that a football team is very expensive for crowdfunding, you would be right. BuyTheBroncosDAO needs to raise $4 billion to purchase the sports team… The real question is — are you in, or are you out? Do you want to own a bit of Denver’s most popular (we assume) football team? Today’s Top Stories Check out [CoinMarketCap Alexandria]( for tech deep dives, analysis, daily news and easy-to-understand guides on how crypto works! [Today’s Top Stories ] recovers slightly after fall to $38,000]( Bitcoin has recovered slightly after a bruising weekend that saw the world's biggest cryptocurrency plunge to lows of $38,112. Global markets have faced increasing uncertainty in recent weeks amid growing tensions between Russia and the West — with the U.S. claiming it has intelligence that Moscow is planning an imminent invasion of Ukraine. Investor sentiment may have received a boost on Monday after Joe Biden and Vladimir Putin agreed in principle to a summit on the crisis. fixes 'potentially market-nuking' flaw]( An engineer has been given a bug bounty of $250,000 after spotting a "potentially market-nuking flaw" in Coinbase's advanced trading feature. Tree of Alpha said the exploit meant someone could have sold vast amounts of Bitcoin without owning it. The engineer praised the exchange for acting speedily to patch the vulnerability. But on Crypto Twitter, Coinbase is facing calls to up the reward — given the impact it could have had if a malicious actor had discovered the bug first. 'phishing attack' sparks chaos]( There's confusion and chaos after OpenSea was hit by a suspected phishing attack — with non-fungible tokens stolen from dozens of users. The world's biggest NFT marketplace is in the process of upgrading its smart contract, but this may have prompted opportunistic fraudsters to deceive victims by sending out bogus emails that pretend to be from the platform. Over the weekend, co-founder Devin Finzer said an investigation has begun, and estimates suggest 32 people were affected. ups fees on small crypto transactions]( PayPal and Venmo have announced that they plan to increase the fees charged on small crypto transactions. The changes, which come into effect on March 21, will effectively double how much it costs to buy $10 worth of BTC, LTC, BCH or ETH. However, the new fee structure will benefit those who buy or sell between $125 and $200 of crypto. Fees associated with bigger transactions of more than $200 remain unaffected. for Dogecoin as top developer leaves]( One of Dogecoin's best-known developers has announced that he is taking a step back from the project. Ross Nicoll described the stress involved with steering the memecoin forward was "overwhelming" — and that he needed to take time to focus on himself. He added: "There is a further complication that my employer for my day job is moving into the blockchain space, leading to a risk of conflict of interest if I remain as a director." Nicoll will remain as an advisor for now to aid a smooth transition. Thanks for reading! Have a great day — more news tomorrow! What is the Metaverse? The Immersive, NFT-Powered Future Internet In the wake of Facebook's rebrand to Meta, everyone’s talking about the metaverse—but what is it? Here’s what you need to know. [Learn More]( [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, Promotions and Events and Prices [App Store]( [Google Play]( [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2022 CoinMarketCap [Update Settings]( | [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States

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