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Crypto.com Hack Dominates Attention as Nets Head Into the ‘Netaverse’

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Crypto.com faced a hack, Rhodium filed to go public and the Nets headed to the “Netaverse.” Watch Ross Mac of Maconomics break down the latest cryptocurrency news on TheStreet’s ‘Crypto Minute’ on Tuesday, January 18.

Transcript:

Things are getting pretty ugly for 1 crypto trading marketplace, while we have the first ever professional sports team embracing virtual reality broadcasting.

It’s your boy Ross Mac and these are the biggest stories in cryptocurrency on Tuesday, January 18.

Crypto.com has suffered a hack, and paused withdrawals due to suspicious activity. However, CEO Kris Marszalek tweeted that no customer funds were lost. Blockchain security firm Peckshield, however, tweeted that at least $15 million was stolen. Oh, and the suspicious activity that led to the halt was noticed by Billy Markus, the founder of Dogecoin...Is now the time to take your crypto off these marketplaces and onto a ledger?

Rhodium, a Bitcoin mining company, is gearing up to go public via Nasdaq this year. The company filed to sell around 7.6 million shares priced from $12 to $14 each on the Nasdaq. Rhodium is a crypto tech company that uses self-cooling and proprietary technology to self-mine BTC. This space is heating up as it will be competing with the likes of other publicly traded bitcoin miners like RIOT and MARA.

Are you ready for the Netaverse? YES Network teased the Netaverse, not to be confused with the entire Metaverse, on Twitter. The video on Twitter claims that it's like a "video game come to life." and that's due to over 100 high-resolution cameras placed around the court, which allow fans to see various aspects of the court. The Nets are the first sports team to have this technology where viewers will be able to see 3D renderings of their favorite players.

I’m Ross Mac and that was the Crypto Minute on TheStreet. 

TheStreet's Crypto Minute is brought to you by Blockchain.com.

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