Crypto.com gives woman $10m by accident

Will El Salvador's Bitcoin bonds ever launch? ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $993.72B (+0.29%) 24 Hour Volume $76.63B (+15.73%) Notable Movers[(NEXO) $1.11]( (+12.40%) Notable Movers (DeFi)[(LDO) $1.99]( (+5.17%) Bitcoin Dominance 39,16%[(-0.19%)]( Bitcoin Price[(BTC) $20,334.82 (-0.18%)]( Ethereum Price[(ETH) $1,594.29 (+1.25%)]( Cardano Price[(ADA) $0,461 (+1.05%)]( Editor's Note Keeping Up With the Bored Ape Yacht Club? This week, Bored Ape Yacht Club got some big spotlights. One: Snoop Dogg and Eminem literally rapped with their Bored Ape avatars on stage at the MTV VMAs. Two: a Real World metaverse parody show featuring Bored Apes, Cool Cats and Doodles will soon go live, with funding from Reddit co-founder Alexis Ohanian (and with his own Bored Ape as a main character). Is this enough to make Bored Apes mainstream? On the one hand, with 10,000 different Ape NFTs out there, this isn’t one of those incredibly rare NFT collections of 100 or less. On the other hand, with a floor price of almost 80 ETH (~$120,000), those 10,000 Ape holders have to fit into a certain tax bracket. Naysayers against the Ape movement have been quite loud this week, as we [wrote]( on Monday. But our favorite Bored Ape parody moment of this week doesn't come from Reddit or from any VMAs clips or even from a BAYC parody show, it comes from non-profit Coincenter’s head of comms on Twitter. How many people do you think read this tweet and thought, even for a second, that this was serious? My 5yo daughter is a huge Snoop and Eminem fan. After seeing their Apes at the VMAs she asked if one day she could join the BAYC. I was saving this money for her college but I think owning a piece of The Metaverse will create more opportunities in the long run Meet her new ape. Probably too many. CMC-Community Spotlight of the Day BNB Chain Project Stars in August]( In today’s CMC Community Spotlight, BNB Chain highlights eight projects that have made an impact in the past month. 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 ] Salvador's Bitcoin bonds suffer setback]( 😑 El Salvador's Bitcoin bonds have suffered yet another setback — with a top Tether executive confirming that its launch has been pushed back until later this year. The Central American nation is hoping to raise $1 billion through the so-called "Volcano bonds." Half would be invested into Bitcoin, with the remainder spent on infrastructure. The bonds were meant to go on sale in March, but the rollout was delayed because of weak market conditions. According to Fortune, there is speculation over whether the volcano bonds will ever launch at all — potentially affecting President Nayib Bukele's plans to build "Bitcoin City" at the base of a volcano. Next week marks one year since El Salvador adopted BTC as legal tender. made a huuuuuuuge mistake]( 👀 A woman who was owed a $100 refund from Crypto.com ended up receiving $10.5 million by accident — and went on a huge spending spree. Clearly emboldened by the mantra "fortune favors the brave," she sent cash to her family and friends... and bought a five-bedroom house in Melbourne. It took the exchange seven months to realize that a colossal error had been made — and for most of this year, Crypto.com's been battling to get the funds back. A court in Australia has now ruled the mansion must be sold and the cash must be repaid with interest. But the exchange's lawyers are facing an uphill struggle to get all of the money back. A large chunk was sent to her sister in Malaysia, and she isn't replying to emails from solicitors. faces extradition over OneCoin scam]( 🚨 A British man is set to be extradited to the U.S. — where he's wanted in connection with the OneCoin scam. Christopher Hamilton's accused of laundering $105 million that was linked to "one of the largest Ponzi schemes in history." Overall, $4 billion was lost by investors around the world. A judge ruled another suspect, Robert McDonald, should not be extradited because he's caring for his extremely ill wife. OneCoin launched back in 2014 — and wooed investors around the world with bold promises of being a "Bitcoin killer." The woman who allegedly operated the pyramid scheme, Ruja Ignatova, has been on the run since 2017. She's one of the FBI's 10 most-wanted fugitives — and a $100,000 reward is being offered for information. slams Wall Street Journal]( The Wall Street Journal has written an article about Tether — and the stablecoin issuer is furious. Reporters claim that USDT is in real danger of becoming technically insolvent. The newspaper cited figures from the stablecoin issuer's own website that showed it had $67.7 billion in reported assets — and $67.5 billion in liabilities. This means that — if the value of these assets fell by just 0.3% — it wouldn't have enough cash to back all of the USDT in circulation. Responding to the report, Tether accused the newspaper of making "a series of unsubstantiated conclusions" — and claimed it has "an agenda" to hurt its reputation. "Tether's disclosures have been the most honest and transparent in the market," the statement added. 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 [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2022 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States