LensLinks: Issue 61

Today in LensLinks:

• Fidelity has plans for the metaverse

• Anonymous Twitter User Leaks 3Commas API Database

• VR headset sales shrank in 2022

• SBF Downfall Decimated Solana

• Kraken shutters ops in Japan

• 101: How to build a DeFi yield farming app

• Still investing in Crypto? Some people explain why they are.

• Crypto vols at Multi-Year low

• RETRO: A History of Bitcoin Hacks

• And Much, Much, More...

An anonymous Twitter user has obtained around 100,000 API keys belonging to users of the crypto trading service 3Commas. The leaker published over 10,000 of the keys on Wednesday and says the rest “will be published full [sic] randomly in the upcoming days.”

3Commas CEO Yuriy Sorokin confirmed the authenticity of the leak in a tweet on Wednesday, adding that "as an immediate action, we have asked that Binance, Kucoin, and other supported exchanges revoke all the [API] keys that were connected to 3Commas."

KEY POINTS

Sales of virtual reality headsets in the U.S. declined 2% year over year to $1.1 billion as of early December, according to NPD Group.

Worldwide shipments of VR headsets as well as augmented reality devices dropped more than 12% to 9.6 million in 2022.

Apple’s potential entry into the VR market is one of the big developments to look for in 2023.

Debate has accelerated in recent days over the future prospects of Solana, a layer 1 smart-contract blockchain that in some respects competes with Ethereum. The chain grew rapidly and saw immense hype during the 2020-2021 bull market, particularly from venture capitalists. But the recent departure of major projects to other chains and a massive drop in total value on the Solana chain have raised questions about its future prospects.

KEY POINTS

Crypto exchange Kraken said Wednesday that it will stop operations in Japan next month, blaming a “weak crypto market globally.”

The company will deregister from Japan’s Financial Services Agency on Jan. 31, 2023.

Kraken has been in cost-cutting mode lately. On Nov. 30, the firm slashed 1,100 jobs, or 30% of its workforce.

Metaverse & Gaming - A Little More...

Blockchain, Tokens & Defi - A Little More...

Crypto Trading - A Little More...

Sometimes it seems like not a week goes by without news of some bitcoin service getting hacked and losing everything.

Thankfully, such attacks are rarer than that. But given the size of the bitcoin economy, they are still far, far more common than they have any right to be. A look at the history of bitcoin hacks is a look at the history of bitcoin itself, from its beginnings all the way to the genesis of the professionalised second generation of firms we’re seeing now.

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Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports. It is not an investment recommendation or solicitation for any investment. The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates. Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.