American investment management company BlackRock is adding Bitcoin trading and custody services for its institutional clients. This and more news in this practical summary daily so that you are always informedwith events most latest that occur within the crypto world.
BlackRock offers financial services in Bitcoin
📍The investment manager BlackRock, considered the largest globally, has added Bitcoin to its service offering. BlackRock has reported that its institutional clients will now be able to access Bitcoin trading and custody through its Aladdin management and operations platform.
The New York-based investment management company has pointed to the high demand of its investors for cryptoassets as the reason for adding Bitcoin to its products and services.
As this media reported in February, the American company had already implied that would integrate crypto custody and Bitcoin trading services into its Aladdin platform, to open the doors of the crypto world to its clients and investors.
In mid-June, BlackRock's global fixed income chief investment officer, Rick Rieder, had also commented that Bitcoin and cryptocurrencies were durable assets, so he was confident in their long-term usefulness.
FLOW soars with the arrival of NFTs on Instagram
📍Meta's social network Instagram has added support for Flow NFTs. The price of FLOW, the native cryptocurrency of the Flow network, a blockchain focused on the development of NFTs and GameFi, has risen more than 40% this Thursday, following Instagram's announcement that it will add support for NFT tokens on its platform.
According to data from CoinMarketCap, the price of FLOW has increased by 34% at the time of writing. The NFT blockchain cryptocurrency is trading above $2,53 per unit, following the bullish push given by Instagram's NFT adoption.
This Thursday, the social network announced that its content creators, from 100 countries around the world, can now display NFTs developed on the Flow blockchain from their platform.
Source: CoinMarketCap
New data on the massive hack in Solana
📍Researchers point to a vulnerability in Solana's Slope wallet as the cause of this week's massive hack. More than 9.200 Solana, Slope Finance and Phantom wallets were drained this week in a massive hack that shocked the crypto community.
Although the exploited vulnerability that allowed this hack was unknown, researchers pointed out the possibility that a bug in Slope Finance was the main cause of the attack. This was confirmed by the project's developers on Twitter, who reported a bug in their online wallets, which allowed users' private keys to be inadvertently leaked to an application monitoring service.
In total, the attacker managed to drain more than $4 million from the thousands of wallets of affected users.
Investigations into the Solana ecosystem continue to uncover any additional attack vectors on the network, the researchers note. Both the industry's cryptocurrency exchange platforms and police authorities are investigating the hack, to find the hacker's whereabouts and recover user funds.
Nomad recovers part of its stolen funds
📍Nomad recovers about $17 million of the almost $200 million that was stolen from it this week. The blockchain bridge has received $17 million back in a fund recovery address, which was enabled by Anchorage Digital, after agreeing to the return with the hackers involved in the exploit.
As reported by this media, a vulnerability in the Nomad smart contract allowed several hackers to drain funds from the blockchain protocol. However, Nomad developers have reported on Twitter that some of the funds extracted from the protocol were taken by white-collar hackers and security researchers, “who acted proactively and are safeguarding the funds.”
Other hackers and entities that were involved in the Nomad exploit are expected to return funds to the enabled recovery address in the coming days.
Continue reading: Bit2Me will integrate Polygon to offer more features to its users
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