Episode Details

27th June: Crypto & Coffee at 8
🚨 Bitstamp drops Tether- MICA rules 🟣 Cardano repels network attack ⚡ Nubank collaborates with Lightspark 🔵 Italy’s New Crypto Decree 🤘🏻 Metallica Solana Scam

🚨 Bitstamp drops Tether.io’s Euro Stablecoin Due to New MiCA Rules. Official blog here https://lnkd.in/dHe8BFej states that EUR-denominated stablecoin EURT, will be delisted in advance of the June 30 deadline. The changes are in accord with MiCA regulations. Bitstamp will also not list any new EMTs that don’t meet MiCA requirements, nor will it engage in any marketing of them.

🚨 On 25th June , Cardano repelled a spam attack with minimal impact, demonstrating its robust security. Intersect formed a task force to prevent future attacks. The network experienced only minor slowdowns. Despite this resilience, Cardano’s market cap still lags behind other layer 1 networks. The incident also led to social media memes and the brief creation of a meme coin, DDoS. Info via DailyCoin here https://lnkd.in/d-7KjdTt Philip Disarro, CEO & founder of Anastasia Labs, noted the attack was ineffective and low-cost, with the attacker spending only 155 ADA ($61). Check out Blockchain DXB podcast we share our commentary on this.

⚡ Lightning Network
💡 Nubank partners with Lightspark to integrate the Bitcoin Lightning Network. This collaboration aims to utilize Lightspark’s expertise to improve Nu Holdings’ financial services, focusing initially on integration, mapping, and potential product development. The partnership is expected to provide Nu customers with a more efficient, secure, and cost-effective transaction environment in the future. More info via Finance Magnates here https://lnkd.in/deC4M8DK

🔵 Italy plans to implement measures to enhance surveillance of cryptoasset risks, including imposing substantial fines for market manipulation, according to a draft decree reviewed by Reuters on Thursday. The decree, due to be approved by cabinet later on Thursday, lays out fines of between 5,000 and 5 million euros ($5,400-$5.4 million) for insider trading, unlawful disclosure of inside information or market manipulation. Info here https://lnkd.in/dQNeuFhv 

🤘🏻 Metallica’s Twitter account was hacked to promote a Solana meme coin, part of a trend exploiting celebrities for pump-and-dump scams. Despite tweets being deleted after 90 minutes, the METAL token saw over $10 million in trading volum