🌙 Yuga Labs and Magic Eden Unite

A new NFT marketplace to protect creator royalties is set to launch by year-end.

Author

Mike Gavela
November 05, 2023

Crypto Roundup - Nov 5

Yuga Labs has joined forces with Magic Eden to create an NFT marketplace designed to secure creator royalties, anticipating a launch by the year's end. This venture comes amidst broader industry concerns, highlighted by the delay in the trial of Avi Eisenberg for a major Mango Markets exploit, the introduction of ProShares' short Ether futures ETF, and a minor security breach at Bitfinex. Compounding the industry's challenges, around $588,000 in Bitcoin was stolen through a fake Ledger Live app on Microsoft's App Store, raising issues of platform liability for hosting such deceptive applications. Concurrently, Aave has temporarily halted some operations on its V2 platform on Ethereum and frozen specific assets on its V3 platform due to an undisclosed issue, ensuring users that no funds are at risk and promising a detailed report post-resolution.

Top Stories:

  • Yuga Labs and Magic Eden Collaborate: A new NFT marketplace to protect creator royalties is set to launch by year-end.

  • Fake Ledger App Scam: Scammers stole $588,000 in Bitcoin through a counterfeit Ledger app in Microsoft's App Store.

  • Aave Protocol Precautions: Aave has temporarily paused parts of its V2 and V3 services due to a reported problem, affecting certain assets with the promise of no funds at risk.

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TOP STORIES

Yuga Labs, Magic Eden team up on new NFT marketplace to ensure creator royalties

The two companies emphasised the importance of supporting NFT creators to strengthen the digital collectibles ecosystem.

www.dlnews.com/articles/snapshot/yuga-labs-partners-with-magic-eden-on-new-nft-marketplace

Fake Ledger Live app sneaks into Microsoft’s app store, $588K stolen

A scammer has managed to steal $588,000 in Bitcoin from users downloading a fake Ledger Live app on Microsoft’s app store, according to on-chain analyst ZachXBT.

cointelegraph.com/news/fake-ledger-live-app-sneaks-into-microsoft-app-store-as-victims-lose-half-a-million

Aave pauses several markets after reports of feature issue

DeFi protocol Aave paused a number of markets on Nov. 4 after receiving reports of an issue affecting “a certain feature.”

cointelegraph.com/news/aave-pauses-several-markets-feature-issue

FUNDRAISES

OTHER HEADLINES

DEX aggregator CoW Swap's core team has proposed adding fees in six-month test

The draft proposal would see Ethereum's second-biggest DEX aggregator trial different fees with the aim of generating sustainable revenue.

www.theblock.co/post/261547/dex-aggregator-cow-swaps-core-team-has-proposed-adding-fees-in-six-month-test

Blockchain adoption continues unabated — Bloomberg analyst

In the past few years, blockchain adoption has continued unabated despite market conditions, according to Bloomberg analyst Jamie Coutts.

cointelegraph.com/news/blockchain-adoption-unabated-bloomberg-analyst

ARK’s Cathie Wood says Bitcoin is ‘digital gold’ as hedge against deflation

Wood says she would bet on Bitcoin rather than gold or cash to hedge against potential deflation in the coming decade.

www.dlnews.com/articles/snapshot/cathie-wood-says-bitcoin-best-hedge-against-deflation

OpenSea lays off 50% of staff with severance in preparation for version 2.0 launch

Nonfungible token marketplace OpenSea announced the layoff of around half its staff on Nov. 3 in the face of a continuing lull in demand.

cointelegraph.com/news/opensea-lays-off-staff-severance-version-2-0-launch

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