Binance-backed blockchain booking service Travala will add the native token of the 1inch Network DeFi project as a means of payment. This is stated in a press release received by ForkLog. 1INCH holders will be able to book more than 2.2 million hotels and apartments on the platform, flights from over 600 airlines, as well as tickets to about 400,000 events in 230 countries. Travala.com supports payment in over 50 digital assets, including Bitcoin, Ethereum and AVA, the service's native token.

Asset manager ARK Invest and cryptocurrency ETP provider 21Shares have filed a new joint application to launch an exchange-traded fund (ETF) based on the first cryptocurrency. It takes into account the latest SEC comments. A decision or extension of the term for consideration of the application is expected on July 9. The commission has not yet approved any application to launch a spot bitcoin ETF, including from ARK Invest and 21 Shares, which partners submitted on May 20, 2021. As with other similar proposals, the SEC then cited non-compliance with requirements to curb fraudulent or manipulative practices and protect investors. The regulator also pointed to the lack of a market of sufficient size for the underlying asset. However, this did not prevent the agency from allowing the launch of exchange-traded funds based on futures for the first cryptocurrency from VanEck, Valkyrie Investments and ProShares. Grayscale Investments admitted that the Commission violated the law when app ... Read more »

The Beacon Chain network of the Ethereum 2.0 platform has undergone a reorganization to a depth of seven blocks. “Unfortunately, this demonstrates that the analysis of Georgios Constantopoulos and Vitalik Buterin was overly optimistic when they argued in the paper that reorganizational stability would improve in Proof-of-Stake versus Proof-of-Work. We haven’t seen a seven block reorganization in Ethereum for many years,” wrote Gnosis co-founder Martin Koppelmann. As a result of the May 25 incident, blocks #3,887,075 - #3,887,081 were reorganized. According to developer Preston Van Loon, the team believes the failure was due to a "non-trivial segmentation" of new and old client software. “We suspect this is due to the fact that the Proposer Boost fork was not fully implemented in the network,” he noted. Ethereum co-founder Vitalik Buterin called it a “good hypothesis.” Another lead developer, Terence Cao, confirmed that the reorganization was possible due to different timing of c ... Read more »

Twitter shareholders are suing Elon Musk and the social network itself because of the "chaotic process" of the company's takeover. They claim that the head of Tesla violated the law and manipulated the market, writes CNBC. According to the plaintiffs, the entrepreneur benefited financially by delaying the disclosure of his stake on Twitter and temporarily hiding his plan to become a board member of the social network. The lawsuit also alleges that Musk bought shares in the company with insider information. Shareholders believe that the head of Tesla violated the laws of the state of California, "sowing doubt" in closing the deal. The initiators of the lawsuit believe that the suspension of the purchase of the company due to the possible high proportion of fake Twitter accounts was part of the scheme. In their opinion, in this way Musk wanted to get better conditions or disrupt the deal. Shareholders are confident that the tweets and statements of the entrepreneur were aimed at redu ... Read more »

Members of the Solana NFT community created a trap for the hacker and successfully returned 25 stolen collectible tokens.

The story began with the hacking of the Discord server of the Uncharted NFT game development studio. 109 users were affected, and 150 SOL (~$6420) and 25 tokens from the World of Solana (WOS) collection became the attacker's prey. Among the latter were three rare NFTs from the top hundred of the MoonRank rating.

In total, the collection includes 2222 unique images of female avatars. Over the past 24 hours, the average sale price was 3 SOL (~$128.4). The most expensive WOS #1874 token for sale is priced at 123 SOL or around ~$5264.

The WOS team came up with a plan to recover the stolen NFTs. She contacted development partner CyberFrogsNFT and asked him to set the token royalty rate at 98% versus the usual 5%.

“He set a trap, and we asked our community to keep an eye on [the marketplace] Magic Eden,” WOS said.< ... Read more »

Bitcoin exchange Coinbase co-founders Brian Armstrong and Fred Ersam, as well as its top managers Emily Choi and Surojit Chatterjee, sold $1.2 billion in total shares between the IPO and February of this year. The calculations were carried out in the Wall Street Journal.

Journalists analyzed reporting for the SEC. The largest share of sales fell on the first day of trading. Market entry was carried out through a direct listing, which directly involves the sale of shares by its founders and team.

The sale of securities took place in the range from $189 to $422. The opening price on the day of the IPO was $381. On May 26, trading in Coinbase stock ended at $69.87.

“Coinbase executives maintain large stakes in securities, reflecting their commitment to our long-term capabilities,” a Coinbase spokesperson said.

Brian Armstrong holds 59.5% of the voting shares. It generated $292 million during the period under review. Emily Choi and Surojit Cha ... Read more »

The lower house of the Parliament of Paraguay approved a bill regulating the mining and trading of cryptocurrencies. This was announced by Congressman Carlos Rehala.

40 votes were cast for the document, 12 were against. In the future, it will be sent to the Senate for consideration.

According to CoinDesk, the current bill requires miners to obtain licenses and permits for industrial consumption of electricity. The initiative also provides for the creation of a registry for an individual or legal entity that provides services for trading or storing cryptocurrencies.

In June 2021, Rehala announced a bill regarding Bitcoin. Later, the congressman clarified that Paraguay does not plan to give digital gold the status of legal tender, but is going to develop "effective" regulation of cryptocurrencies.