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Bitcoin failed to break through the $20,000 mark after the Fed chairman’s speech, Pavel Durov announced a TON-based domain marketplace, Hodlnaut announced a $193 million “hole” due to
Bitcoin failed to break through the $20,000 mark after the Fed chairman’s speech, Pavel Durov announced a TON-based domain marketplace, Hodlnaut announced a $193 million “hole” due to Terra’s collapse and other events going on. week.
August 26 episode fed Jerome Powell said the central bank should keep interest rates high for a while to control inflation. Bitcoin reacted to the official’s speech by falling below $21,000 and then failing at $20,000.
At the time of writing, the first cryptocurrency is trading near the above psychological mark.
The flagship has traditionally followed the rest of the market – all cryptocurrencies in the top 10 by capitalization closed the week in the red zone. Solana (-9%) and Dogecoin (-7.6%) showed the worst dynamics.
The total capitalization of the cryptocurrency market has reached $1.01 trillion. Bitcoin Domination Index dropped to 37.9%.
Telegram founder Pavel Durov announced the possible launch of a TON blockchain-based marketplace for selling usernames, links to channels and groups on messenger.
He noted that he was “impressed” by the recent auctions for the sale of domain names by the TON team. Later, other elements of the ecosystem, including channels, emojis, and stickers, may also appear on the messenger’s market.
According to bankruptcy court documents in Singapore, as of August 8, 2022, the Hodlnaut crypto lending platform had a capital shortfall of $193 million. The company’s creditors are 17,513 people.
The platform converted $317 million into the crashed TerraUSD stablecoin to achieve high yields through the Anchor protocol, resulting in a loss.
Alex Shevchenko, CEO of Aurora Labs, said the Rainbow Bridge cross-chain bridge successfully repulsed an attack from an unknown hacker. According to him, after 31 seconds, the system automatically rejected the fabricated NEAR block that required a deposit of 5 ETH.
Fashion brands Dolce & Gabbana, Tiffany, Gucci, Adidas and Nike collectively earned $260 million from their token sales.
Half of Nike’s $185.3 million NFT revenue was received as royalties from the $1.29 billion secondary token turnover. The other half of the revenue was from primary sales. CloneX and MNLTH top the list of Nike NFT collections with the highest royalties, with $39.9 million and $24.2 million, respectively.
A judge in the Netherlands has arrested Alexey Pertsev, the developer of Tornado Cash, and set a 90-day deadline for the first hearing to take place. The meeting was held behind closed doors on August 24. Pertsev’s lawyers failed to secure Pertsev’s release on bail. According to the post, the developer has not yet been formally charged.
Kharon researchers said that Pertsev was arrested for his collaboration with the Russian company Tsifrovaya Bezopasnost LLC. The company allegedly provides logistical support to the FSB of the Russian Federation, and Pertsev is an information security expert and smart contract developer.
This week, Cardano founder Charles Hoskinson expressed his support for the project. According to him, developers cannot always control open source code and how users interact with it.
Tether, which issues the USDT stablecoin, has refused to freeze addresses associated with its Tornado Cash transaction mixing service without proper requests from law enforcement.
Blocking addresses unilaterally within the company is considered a “reckless and destructive” measure.
The hackers behind the March hack of the Ronin sidechain (for the Axie Infinity game) turned most of the $625 million stolen into bitcoin. The attackers used a wrapped version of RenBTC bitcoin alongside the ChipMixer and Blender mixers to hide the tracks.
The Singapore Supreme Court has granted Teneo, a group of creditors affiliated with Three Arrows Capital, to review the hedge fund’s assets in its jurisdiction.
The consulting firm was able to request all data of a financial nature, including information about bank accounts, cryptocurrencies, shares in companies, and real estate.
Elliptic has found that in the 12 months since July 2021, attackers have stolen more than $100 million in NFTs for fraudulent purposes. May was the most productive – $24 million.
In terms of collectibles, hackers’ attention is riveted to the NFT series Bored Ape Yacht Club – the $43.6 million Mutant Apes, Azuki, Otherside and CloneX are also among the most popular among hackers.
23% of stolen NFTs were obtained by attackers by compromising and phishing social networks (mostly Discord). Other methods included the creation of malicious websites, email exploits, and wallet hacks.
More than half of Bitcoin transactions carried out on centralized platforms do not make economic sense and are fictitious. This was noted in a study by Forbes analysts.
C concluded that as of June 14, 2022, the daily global trading volume for bitcoin pairs was $128 billion. This is 51% less than the $262 billion that could be obtained by adding up the values reported by the platforms themselves.
Major German hosting provider Hetzner said that using its servers to run cryptocurrency mining software violates company policies.
“Our products are not allowed to be used for any mining-related application, even remotely. Including Ethereum. […] Even if you only run one node, we will consider it a violation of our rules,” the official representative of the cloud provider said in a message.
Also on ForkLog:
As the merger approaches, the possible price action by the capitalization of the second-largest cryptocurrency, the viability of a potential ETHW fork, and expectations for Ethereum Classic are flaming with renewed vigor in the community. We found out if the update could reboot the market to new heights.
The tutorials explained what the Ethereum Classic, VeChain and Pewell multiplier is. They also explained what causes price drift when trading cryptocurrencies and how NFT staking works.
We published a new special report on Ethereum’s biggest update, The Merge. The guest of the issue is co-founder and CTO 1inch Anton Bukov.
Read ForkLog bitcoin news in our Telegram – cryptocurrency news, courses and analysis.
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.
