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Ripple and Ava Labs leaders have been accused of putting pressure on projects through the courts, MakerDAO’s co-founder has proposed separating DAI from the dollar, IOHK has announced
Ripple and Ava Labs leaders have been accused of putting pressure on projects through the courts, MakerDAO’s co-founder has proposed separating DAI from the dollar, IOHK has announced the exact date for Vasil’s activation on the Cardano network and other events. week going.
During the week, the prices of the first cryptocurrency tested $20,000 several times, but failed to gain ground above that level. At the time of writing, the asset is trading around $19,850.
Most of the top 10 assets by market cap closed the week in red. The exceptions were Cardano (+11%), Ethereum (+4.4%) and Solana (+0.5%).
The total capitalization of the cryptocurrency market has reached $1.01 trillion. Bitcoin Domination Index dropped to 37.1%.
CryptoLeaks has released a series of videos in which attorney Kyle Roche of the American firm Roche Freedman claims that Ava Labs CEO Emin Gun Sirer is secretly working to put pressure on competitors in exchange for AVAX tokens and shares of the crypto company. It was alleged that lawsuits were used for this.
The videos also mention Ripple CEO Brad Garlinghouse. Both executives denied the accusations, calling them nonsense.
Roche later stated that the videos were taken out of context and edited. According to her, the recordings were made as part of a meeting with Norwegian investor Kristen Ager-Hansen, who acted at the behest of Dfinity founder Dominic Williams to discredit her. The latter is allegedly the defendant in a high-profile securities fraud and insider trading lawsuit initiated by Roche Freedman.
The founder of the law firm Tether withdrew from lawsuits against Bitfinex, Tron, and HDR Global Trading.
Rune Christensen, co-founder of DeFi platform MakerDAO, made the announcement amid ongoing concerns about a possible asset freeze in securing USDC stablecoin Circle, a sanctioned issuer.
Maker believes it is worth drastically reducing the volume of risk-weighted assets (RWA), as it cannot create and adhere to a blacklist. Thus, it allowed USD to DAI to fluctuate freely and offered various tools that could compensate users for their losses.
From September 3, Bitmain-affiliated AntPool mining pool will stop supporting Ethereum due to the cryptocurrency’s imminent transition to the Proof-of-Stake (PoS) consensus algorithm. Before this date, the service recommended that users add an ETH wallet address to their account to receive the mined coins.
Ethermine, the largest mining pool on the Ethereum network, has launched a staking service for the second largest cryptocurrency with a capital letter as an alternative to the end of the PoW mining phase. The minimum investment amount is 0.1 ETH.
Binance will suspend deposits and withdrawals in Ethereum and ERC-20 tokens during Consolidation. Tentatively, we are talking about September 6 at 14:00 (Kyiv / Moscow time) and September 15 at 03:00 (Kyiv / Moscow time).
Leading NFT marketplace OpenSea has announced that it only supports PoS-based tokens.
On August 29, 10,000 BTC was moved for the first time since 2013. According to the GFiS Telegram channel, each of the transaction chains associated with both withdrawals appears to be the same wallet that received 134,000 BTC from Mt. The founders of the later BTC-e platform and its successor WEX were suspected of organizing the hack.
Analyst firm Elliptic has found that mixing service Tornado Cash is the source of $137.6 million in crypto assets processed by NFT markets. With his help, 52% of the proceeds from illegal operations with non-tradable tokens were laundered.
At the same time, Immunefi experts found that the value of 143 coins from the Bored Ape Yacht Club NFT collection, which was marked by the OpenSea market with suspicious activity, was $13.58 million.
FBI It has issued a warning about the most common vulnerabilities used by cybercriminals to attack DeFi platforms. Between them:
The agency recommended scrutinizing platforms, protocols and smart contracts for independent auditing and assessing the potential risks of investing in the DeFi segment.
Check Point Research claimed that Nitrokod’s covert mining campaign infected thousands of computers in 11 countries with malware. The attackers injected utilities into free apps based on popular services like Google Translate or YouTube Music.
The Solana-based OptiFi DeFi protocol team accidentally shut down its mainnet and blocked $661,000 of user funds in USDC. The developers guaranteed that they would reimburse all the funds to the victims – 95% of the amount was provided by the project worker.
Compound has temporarily frozen operations with the cETH loan pool due to an error in the protocol update – price oracle has stopped providing up-to-date offers. Due to the peculiarities of the voting mechanism, the decision can only be revoked after one week.
The team stated that there is no risk to user funds. The protocol still allows for collateral to be added, including Ethereum.
With the increasing capitalization of the cryptocurrency market, the DeFi sector may pose long-term risks to financial stability. This was stated by the experts of the research group. fed.
According to analysts, the threat is related to the lack of clear rules for regulating decentralized applications. They stressed that the sector has not yet become “systematically important” but that government departments should pay more attention to it.
The Fed also published a separate study on the impact of digital assets on financial stability. Experts noted the need for tighter control over crypto companies working with client funds.
The developers from IOHK have announced the activation date of the Vasil hard fork on the Cardano mainnet as September 22.
Vasil is Cardano’s biggest update that should increase network bandwidth, lower transaction costs and improve security.
The hard fork will also add new features to the Plutus system for app developers.
The team expects a smooth technical transition with no downtime or interruption to hinder production. Users do not need to take any action.
Also on ForkLog:
In a new special article, ForkLog learned about bitcoin’s share in the global energy consumption pattern and the prospects for its long-term growth.
The tutorials collected everything an ordinary user needs to know before updating The Merge on the Ethereum network. They also talked about the Tron cryptocurrency, MicroStrategy founder Michael Saylor, the Proof-of-Work algorithm, and the Ethereum Virtual Machine computing environment.
The traditional summary collected the main events of the week in the field of artificial intelligence.
The cryptocurrency industry is attracting an increasing number of institutional players. This is evidenced by new investments in infrastructure and the growing interest of companies in bitcoin as an asset class. The most important events of the last weeks are in the ForkLog review.
In the new information issue of ForkLog, they talked about the features of L2 protocols, why such solutions were released and how they work.
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.
