🖼️ UK government plans to create NFTs
Along with regulating stablecoins
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Hey Waivly Crew! 🌊 The U.K. government has announced various initiatives toward becoming a global centre for crypto technology and investments. NFT project Pudgy Penguins has been sold to Luca Netz for 750 ETH ($2.5 million).
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UK aims to become global crypto hub
The United Kingdom’s Economic and Finance Ministry has announced plans to regulate stablecoins that are used as means of payment.
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In a report released Monday, HM Treasury said certain stablecoins have the potential to become a “widespread means of payment” for retail customers in the United Kingdom in the near future.
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To back its prediction, the treasury plans to “take the necessary legislative steps” to bring stablecoins into its regulatory framework, primarily by “amending existing electronic money and payments legislation.”
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This is just one of the U.K.’s many recent steps to become a global hub for crypto. Yesterday the U.K’s Finance Minister Rishi Sunak also asked the Royal Mint to create an NFT to be issued by the summer.
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“This decision shows the the forward-looking approach we are determined to take towards cryptoassets in the UK,” the Treasury shared on Twitter.⠀
Pudgy Penguins sold to Luca Netz for $2.5M
Pudgy Penguins, a collection of 8,888 penguins on the Ethereum blockchain that launched in July 2021, is now under new ownership.
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On Sunday, the team behind Pudgy Penguins tweeted that the project is now under new management. Luca Netz of Netz Capital purchased the collection for 750 ETH (around $2.5 million.)
Pudgy Penguins @pudgypenguins
The blizzard has passed, and the snow is settling. The Huddle has shown its resilience. It's time to waddle to the promised land. We’re ready to announce the worst kept secret in Web3. Our next chapter has begun: new team, new roadmap, new heights. Penguins, our time is #NOW 🐧 https://t.co/IqcG697ULW⠀
Now that Netz is the new leader of "the huddle," his team will have complete control over the project as well as its royalties from its four co-founders. This will allow them to launch a token, conduct airdrops to Pudgy Penguin holders, and other rights.
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The deal comes just a few months after the project’s holders voted out co-founder Cole Villemain, also known as ColeThereum after he falsely promised a game, a token, an educational book on NFTs, and more to the community.
The Waves
📚 Ledger partners with The Sandbox
💻 Coinbase to hire 1,000 people in India
🐦 Elon Musk buys $2.9B stake in Twitter
👀 Diving Into The Past Week of NFT's
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Hackers breach Mailchimp to target crypto wallets
Mailchimp, a popular email marketing platform, recently confirmed that its service had a data breach.
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The hackers that breached the platform used an internal platform tool to steal the data of more than a hundred clients to conduct a phishing attack on clients that use cryptocurrency services.
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Siobhan Smyth, Mailchimp’s CISO, told TechCrunch that “the company became aware of the breach on March 26 after it identified a malicious actor accessing a tool used by the company’s customer support and account administration team.” After learning about the breach Mailchimp has deactivated the compromised employee account.
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The hacker was able to view about 300 Mailchimp user accounts as well as obtain audience data from 102 users. Smyth has apologized to the Mailchimp users that were affected by the data breach. Smyth has acknowledged that the company takes pride in the security measures that they have in place to protect their users’ and clients’ data to prevent future data breach incidents.
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The use of the internal tool was only one part of how hackers were able to breach Mailchimp’s data. Bleeping Computer reports that the hackers used one of the stolen email lists to send fake data breach notifications to customers of Trezor (a cryptocurrency hardware wallet), which prompts them to download a new version of the desktop version of Trezor Suite. The email that was sent to Trezor users led them to a phishing site that hosted a fake version of the Trezor Suite desktop app.
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The fake Trevor Suite desktop application that Trezor users had to download was programmed to steal the seed phrase that would allow the hackers to gain control over the user’s crypto wallet. Trezor users have been advised by the company to report any new phishing attempts directly to the email: security@trezor.io. Mailchimp has informed the users who were affected by the data breach.
Own and secure your crypto with Ledger
If you’re into cryptocurrency and own crypto assets, you need a secure place to store your coins and tokens. You probably already know that you shouldn’t store your crypto on an exchange due to potential hacks, not being solely in control of your crypto’s private keys, and for other reasons, and so a hardware wallet is the way to go and the best option to protect your private keys, therefore, you should make the move to a Ledger wallet.
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The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.
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