Ransomware attacks fall

IMF admits selloffs haven’t hurt economy. Market Activity Total Market Cap 990.46B (+3.31%) 24 Hour Volume 63.79B (-19.39%) Notable Movers[(MATIC) $0.8098]( (+9.31%) Notable Movers (DeFi)[(LDO) $1.58]( (+16.41%) Bitcoin Dominance 41,40%[(-0.30%)]( Bitcoin Price[(BTC) 21,451.36 (+2.70%)]( Ethereum Price[(ETH) $1,1488.89 (+7.56%)]( Cardano Price[(ADA) $0,4731 (+3.97%)]( Editor's Note Are Cryptopunks the Holy Grail? Yesterday, yet another Cryptopunk was sold for a price in the millions. $3.1 million, to be exact. This isn’t a total anomaly — while many Punks sell for numbers in the low six figures, one of the early Punks sold earlier this month for $2.6 million. But this latest million dollar Punk purchase came along with a 21-tweet-long thread about the ethos of the Punk community, and their overarching belief system and goals. As Punk owner Nick Tomaino writes (tweets): Punks has emerged as its own digital nation state where people are aligned by shared beliefs and economic incentives rather than physical location Punks community members believe in authenticity, creative empowerment and the 8 bit pixel artwork […] it’s the grail PFP. And while he tweets on about how the NFT market is bringing in a new way of creative freedom, removing gatekeepers and building art communities that will rival those that admire Da Vinci and Picasso, it’s somewhat fitting that the very first comment on this diatribe is from a troll who has already changed his PFP…to a JPEG of the selfsame $3.1 million Punk. As the troll writes: Here it is for free. I'll even make it my profile picture and mint it as an NFT. Whose side are you on? The digital nation state of 8-bit lovers with hundreds of thousands (if not millions) of JPEGs on their side, or our troll with his new Punk PFP and 15 Twitter followers? 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 ] 'under investigation']( 👀 Kraken has reportedly been under investigation for three years over alleged sanctions violations. According to The New York Times, the crypto exchange has allowed users in Iran to buy and sell crypto. Multiple sources say the U.S. Treasury Department is expected to impose a fine. Awkwardly, Kraken was against banning all Russian users after the invasion in Ukraine — and instead said trading fees collected from these accounts would be donated to those displaced by the conflict. Internal conversations obtained by the Times suggest Kraken's chief executive was prepared to break the law if the benefits to the company would outweigh fines. Kraken says it "closely monitors compliance with sanctions laws." dumps Coinbase stock]( 📉 Cathie Wood has dumped Coinbase stock for the first time this year. Overall, Ark Invest sold 1.41 million COIN shares, which had been distributed across three funds. They were worth roughly $75 million. Her investment firm was, at one point, the third-biggest shareholder in the company — and the selloffs mark a big change in strategy for Wood. But the mood music has been changing, with a former Coinbase employee recently charged with the insider trading of cryptocurrencies. Earlier this week, reports also suggested that the U.S. Securities and Exchange Commission has launched an investigation into the exchange. selloffs haven't hit economy]( ❄️ Dramatic selloffs in crypto have not affected the traditional markets, the International Monetary Fund has admitted. That comes despite repeated warnings from the IMF that a bear market in digital assets could send shockwaves through the global economy. In its latest World Economic Outlook, the world bank confirmed that investment vehicles and crypto-focused hedge funds have suffered large losses — but the impact has been largely contained. Similar sentiments have been made by the Bank of England, but economists have stressed that there is still a threat this could happen in future. attacks are falling]( 🚨 Ransomware attacks fell substantially in the first half of 2022 — but according to a new report, cybercriminals are now turning their attention to other strategies. The cybersecurity firm SonicWall says incidents of cryptojacking have surged by 30%, and experts believe this is a sign that some ransomware operators "are ready for a quieter life." Cryptojacking attacks involve infecting a victim's computer with malware that's designed to mine cryptocurrencies — and more often than not, it's deployed through web browsers. Attacks on the retail industry have surged by 63% so far this year, with incidents in the financial sector up 269%. 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, Promotions and Events and Prices [App Store]( [Google Play]( [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2022 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States