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The developers “resurrected” the Terra 2.0 project, the Ethereum 2.0 platform’s Beacon Chain network was reworked, the complexity of bitcoin mining fell by more than 4%, and other
The developers “resurrected” the Terra 2.0 project, the Ethereum 2.0 platform’s Beacon Chain network was reworked, the complexity of bitcoin mining fell by more than 4%, and other events of the outgoing week.
On May 28, mainnet Terra 2.0 was launched, which received the Phoenix-1 identifier. LUNA airdrop participants received the promised tokens.
The Bybit exchange was one of the first to list the existence of the updated project. The price of the latter initially rose from $0.5 to $30 and then dropped significantly.
LUNA has also been featured on other exchanges that have previously signaled support for the “reborn from the ashes” token, including Huobi, Bitfinex, Bitrue, Gate.io.
Binance, the largest platform in terms of trading volume, will begin trading in the asset on May 31 at 09:00 (Kyiv / Moscow time).
According to CoinGecko, at the time of writing, the LUNA is trading around $5.8.
It is noteworthy that those in don’t deserve LUNA tokens are automatically staked. Users can choose an authenticator by reauthorization or delegation. In the latter case, you will have to wait 21 days.
Only on the eve of the launch, the developers announced that the project’s “revival plan” does not include forking the existing network, but creating a new one. In addition, the release timing of Terra 2.0 should have been slightly shifted.
On May 26, the Terra Classic community approved the proposal to burn TerraUSD (UST) in the community pool and stablecoins issued as part of the latest phase of liquidity stimulation on the Ethereum blockchain.
Shortly before the release of Terra 2.0, an analyst at FatManTerra suspected Terraform Labs CEO Do Kwon was cheating on the Mirror protocol.
The Ethereum 2.0 platform’s Beacon Chain network has been reworked to a depth of seven blocks (#3,887,075 – #3,887,081).
According to developer Preston Van Loon, the failure was caused by “non-trivial segmentation” of new and old client software.
“We suspect this is due to the Proposer Boost fork not being fully implemented in the network,” he said.
Terence Cao, another lead developer, confirmed that the refactoring is possible due to the different timing of customer software updates.
It turned out the other day that the internal clock of the Solana blockchain is lagging about 30 minutes behind real time.
However, the developers emphasized that the issue does not affect network performance.
“While this does not affect network performance or performance, the amount of time reported to browsers and dappsmay not be displayed correctly, ”wrote representatives of the project.
Coinbase bitcoin exchange co-founders Brian Armstrong and Fred Ersam, as well as senior executives Emily Choi and Surojit Chatterjee, have since sold a total of $1.2 billion worth of shares. public offering until February of this year.
Sales of securities amounted to between $189 and $422.
In the above period, Brian Armstrong raised $292 million, Emily Choi and Surojit Chatterjee sold $226 million and $110 million worth of shares, respectively.
Fred Ehrsam, who left Coinbase, became approximately $0.5 billion richer and bought $75 million of Coinbase shares on behalf of Paradigm, the venture capital firm he led.
As a result of another recalculation on May 25, the difficulty of mining the first cryptocurrency decreased by 4.33% to 29.9 T.
The drop was the biggest since July 2021.
Over the nearly two-week period since the previous difficulty correction, the average hashrate was 214 EH/s, again down 4.3% from its high.
Binance exchange announced a partnership with Foxtrot, a network of Ukrainian electronics and appliances stores.
Network customers will be able to pay for their purchases through the Binance Pay crypto transfer service. The technology allows exchange users to make payments, send and receive digital assets, and supports more than 40 cryptocurrencies.
For purchases made through the Foxtrot online store, you need to select Binance Pay among the payment methods, and at retail outlets you need to confirm the transfer in the Binance application – you need to get a QR code from the sales assistant.
According to the statement by the head of the department, Dmitry Gora, the Belarusian Investigative Committee is actively seizing cryptocurrencies.
According to him, investigators were faced with the need to seize crypto assets against the background of their use in various types of crimes:
“What is a cryptocurrency? As my advanced subordinates said – digital garbage. Based on this, I set the task: Our state needs money to compensate for its damage, let’s think about how to make money from garbage. I won’t go into details, but we learned how to do it.”
He noted that both government agencies and commercial organizations are involved in this process.
Gora said that as a result of the ministry’s actions, the UK already has more than one hundred million rubles in “regular money” in its accounts.
Optimism developers have reduced the expected airdrop participant list by 17,000 addresses next month. About 14 million local tokens were intended, which were presented as the organizers of the Sibyl attack.
The 14 million OPs released from potential participants in “airdrop farming” will be proportionally distributed by the project among those not caught in this practice.
Weak on-chain metrics and the prevalence of concerns in the derivatives market are hampering Bitcoin’s recovery after a wave of price drops since late March, experts say.
According to their observations, the open sell and call rate in bitcoin increased from 50% to 70%. This indicates an increased desire by investors to protect positions from ongoing negative dynamics.
US State Department spokesman Ned Price said Russia should continue to have access to the internet. This is necessary so that residents of the country receive information from independent sources.
Price also noted that the United States would support journalists in Russia, whose work became more difficult after the start of the war.
In Russia, they developed a system of covert screening of people in public places, designed to assess “the degree of danger of a person to others.”
Yuri Anoshko, head of the Radio Engineering Institute named after Academician Mint, said that the security forces are already interested in the complex.
“We have developed basic profiling tools based on their online activity on TikTok, YouTube, VKontakte, Facebook, Yandex and other service platforms. The system allows you to create a profile of a person and assess the degree of threat to people with a combination of characteristics during the transition from the control complex.”
The State Duma has registered an updated bill “On Mining in the Russian Federation”. The previous document was withdrawn.
Provisions for registration of mining participants and “amnesty” for miners were excluded from the new bill.
South Korea’s leading crypto exchanges Bithumb and Upbit have issued warnings to users about Litecoin after the MimbleWimble Extension Block update, which includes improved scaling and increased privacy.
Exchanges emphasized that they operate in accordance with local legislation. It requires the implementation of measures to combat money laundering and terrorist financing.
The Wormhole project team paid $10 million to a white-hat hacker who discovered a critical vulnerability in a cross-chain protocol.
On February 24, 2022, an expert under the pseudonym satya0x discovered a vulnerability in the underlying smart contract of the Wormhole bridge next to the Ethereum blockchain. Abuse can potentially lead to users’ funds being blocked.
For the bug discovered, satya0x received the maximum reward allowed under the bounty program.
Also on ForkLog:
In a special article, ForkLog talked about grouping, as well as how Segregated Witness, Lightning Network and Taproot technologies reduce fees for bitcoin transactions.
We have published a series of educational cards: about Grayscale Investments, Helium project, ApeCoin cryptocurrency, Tor browser, bitcoin-ETF.
In traditional recaps, we’ve rounded up the week’s main events in the areas of cybersecurity and artificial intelligence.
Blockchain technology remains one of the hottest trends among financial, government and commercial organizations worldwide. An overview of the most interesting startups is in the ForkLog review.
Live ForkLog LIVE celebrated the traditional Bitcoin Pizza Day. Guests were ForkLog resident Vladimir Understanding and Unix/Network expert Alex Petrov.
The second part of the special report from the international forum Blockchain Life 2022 has been published on the channel.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
