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Dec 13th LuckyHash Weekend News

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Dec 13th LuckyHash Weekend News

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1. Binance Singapore Drops Crypto License Plans in City-State

Binance’s Singapore entity plans to withdraw its application for a crypto license in the city-state, and will expel local users by Feb. 13, 2022, the exchange said on Monday.

2. Only 10% BTC Left to Be Mined

According to Coingecko statistics, the current volume of Bitcoin market circulation is about 18.9 million, accounting for about 90% of the total Bitcoin supply (21 million). This means only 10% of the total BTC is to be mined.

3. Ascendex Hacked — Exchange Loses $77 Million in ERC20, BSC, Polygon Tokens

Ascendex, a cryptocurrency exchange, suffered a security breach that allowed hackers to take control of some of the wallets of the exchange. The attack focused on hot wallets, where funds are kept as a buffer to tend to customers’ withdrawals. The company announced that it would reimburse these funds to any affected user. Peckshield, a security and auditing company estimated losses of around $77 million. Cold wallets were unaffected

4. BitPay and Newegg Accept SHIB Payment

On December 10th, the world's largest bitcoin and cryptocurrency payment service provider BitPay and Online software retail giant Newegg announced that they accept SHIB for payment. Shop owners on BitPay can accept SHIB payment immediately. Consumers can purchase, store and exchange SHIB in BitPay wallet app.

5. Misoperation Caused Bored Ape Yacht Club NFT Worth 75ETH to Be Sold for 0.75ETH

That's when people make a trade online for the wrong thing, or for the wrong amount. Here the owner, real name Max or username maxnaut, meant to list his Bored Ape for 75 ether, or around $300,000, but accidentally listed it for 0.75. One hundredth the intended price. It was bought instantaneously. The buyer paid an extra $34,000 to speed up the transaction, ensuring no one could snap it up before them. The Bored Ape was then promptly listed for $248,000.

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