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Roskomnadzor blocked ForkLog in the Russian Federation – the publication continues to work, Elon Musk offered Twitter shareholders to buy the company for 43 billion dollars, Luna Foundation
Roskomnadzor blocked ForkLog in the Russian Federation – the publication continues to work, Elon Musk offered Twitter shareholders to buy the company for 43 billion dollars, Luna Foundation Guard received 6762 BTC to secure the UST stable coin and other events of the outgoing week.
On Monday, April 11, the price of digital gold fell more than 6% – currently quotes (on Binance) are down below $39,530. At the time of writing, Bitcoin is trading around $40,400.
The flagship has traditionally taken the rest of the market with it. Nearly all digital assets in the top 10 by capitalization were in the red zone. The exception is XRP (+2.2%).
The worst performers were LUNA (-15.4%), ADA (-8.6%) and Avalanche (-7.1%).
According to the CoinCodex service, the price of the native token of the DigitalBits blockchain platform increased the most among mid-cap digital assets during the week. The price of XDB increased by 48%.
Crypto lending platform Celsius Network’s token has dropped more in price than any other. The price of CEL has dropped almost 25%. Previously, the company suspended interest payments to users from the United States.
The total capitalization of the cryptocurrency market has reached $1.99 trillion. Bitcoin Domination Index dropped to 38.7%.
On April 11, Roskomnadzor restricted access to the ForkLog website from the territory of the Russian Federation without prior notice. This happened shortly after the publication of our editorial statement on events in Ukraine. We’ve put together a set of suggestions to stay in touch.
In addition to being blocked by Roskomnadzor, ForkLog and its individual employees were subject to a number of restrictions, both from the Russian state and from Western countries. The founder of the magazine, Anatoly Kaplan, made a statement condemning the practice.
The Ethereum development team implemented a “shadow fork” of the mainnet to stress-test the blockchain consolidation process as part of the transition to the Proof-of-Stake consensus algorithm.
Tim Beiko, one of the main experts of the Ethereum team, described the result as “extremely positive” and then announced the approximate time frame for the consolidation of networks based on PoW and PoS algorithms. The process is expected to be completed in the third quarter of 2022. Beiko also urged miners not to invest in new Ethereum mining hardware.
Non-profit organization Luna Foundation Guard (LFG) bought 4,129 BTC worth $176 million on Monday. On Wednesday, LFG bought 2,509 BTC and on Friday – 124 BTC. LFG’s total balance reached 42,530 BTC ($1.72 billion).
This week, Terraform Labs donated an additional 10 million LUNA worth ~$880 million to LFG. The funds can also be used to invest in bitcoin to stabilize the Terra USD (UST) algorithmic stablecoin.
The billionaire, after buying a 9.2% stake in the company, SEC Documents where he announced his readiness to repurchase 100% of the shares at a fixed price of $54.2. The billionaire described the offer as “best and ultimate” and hinted that he was prepared to get rid of the securities if shareholders rejected it.
He made his proposal with the intention of making Twitter a free speech platform, not a desire to make money.
In response, the board of the social platform announced the unanimous adoption of a plan to protect the rights of shareholders. The initiative aims to realize the full value of investors’ investments in Twitter and protect the company from unwanted takeovers.
The Ministry of Energy of the Russian Federation supported the proposal to legalize cryptocurrency mining. The agency is also working with the Ministry of Finance on the taxation of mining.
The Department of Energy believes that miners should consume electricity for “other” consumers, not at population rate.
At the same time, Anatoly Aksakov, chairman of the State Duma Committee on the financial market, proposed legalizing mining only for legal entities, and the Ministry of Economic Development of the Russian Federation proposed imposing restrictions on electricity for miners.
Belarus-based cryptocurrency exchange Currency.com will stop serving users from Russia – from April 12, residents will not be able to replenish their accounts, and from April 26 they will lose the opportunity to make new transactions.
The owner of the company, Viktor Prokopenya, emphasized that after the restrictive measures were announced, the platform was exposed to a large-scale DDoS attack and that Russian hackers were behind the incident.
BlackRock ($10 trillion), the world’s largest asset manager, is exploring cryptocurrencies, stablecoins, blockchain technologies and tokenization opportunities due to the growing demand for such products from customers.
Additionally, BlackRock plans to become the main reserve manager of stablecoin issuer USDC Circle. Circle has announced its intention to apply for a US crypto bank license in the “near future.”
Circle also announced talks to raise $400 million involving BlackRock, Fidelity Management and Research, Marshall Wace and Fin Capital. The transaction is expected to close in the second quarter of 2022.
Meta Corporation has begun testing monetization in the Horizon Worlds metadatabase. Some users will be able to sell virtual items.
According to the long-term strategy, in the future Meta’s virtual reality users will be able to “earn a living” by selling digital goods and services.
CNBC has learned that Meta plans to charge a 47.5% commission on the sale of such products. The reward structure includes a 30% fee for Meta Quest Store and 17.5% for Horizon Worlds for VR headsets.
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has placed an Ethereum address on the sanctions list allegedly linked to the hacker group Lazarus. Flagged in connection with the attack on the Ronin sidechain. By the end of the week, around 30,000 ETH was sent to the Tornado Cash transaction mixing service.
Sky Mavis, the company behind blockchain game Axie Infinity, hopes to return at least some of the cryptocurrency stolen by cybercriminals for around $600 million, but the project team acknowledged that the process will take up to two years.
This week, Sky Mavis launched a bounty program to find vulnerabilities in the ecosystem. The size of the reward for bugs found in the blockchain and smart contracts will range from $1,000 to $1 million, depending on their severity. The company will pay between $50 and $15,000 for vulnerabilities in the interfaces of the website and application.
Ethereum mixer Tornado Cash announced that cryptocurrencies that fall under OFAC sanctions are blocked. To do this, the service uses the Chainalysis oracle.
Roman Semenov, co-founder of Tornado Cash, noted that address blocking is provided at the application front-end level. According to him, the service’s smart contracts are “immutable”.
Some community members were skeptical of the announcement. They stated that the restriction can be bypassed directly using smart contracts.
Binance has received in principle approval from the Abu Dhabi Global Market Financial Services Authority to operate as a virtual asset broker-dealer.
Payments giant Mastercard has filed 15 trademark applications related to the metaverse and cryptocurrencies. The documents talk about “a media-enabled NFT, digital goods marketplace and payment transaction processing and e-commerce software in a media data warehouse.”
Crypto loan platform Nexo has announced the launch of Nexo Card, based on the Mastercard payment system for the European market, with a nominal line of credit secured with cryptocurrencies (no need to sell).
The MetaMask unattended wallet team has announced support for bitcoin in a Web3 app. The option is implemented using the Snaps developer tool, which can be used to integrate other networks.
Also on ForkLog:
In the example of the Alchemix landing platform, we understood the features of the next generation DeFi protocols, where debt obligations are self-repayable and not liquidated.
2022 is fast becoming the year of censorship. ForkLog has learned that we can protect privacy and why Telegram would absolutely not help with that.
In their tutorial, ForkLog mentioned bitcoin creator Satoshi Nakamato and also explained what scams and airdrop tokens are.
ForkLog AI gathered the most important news from the world of AI last week.
Blockchain technology remains one of the hottest trends among financial, government and commercial organizations worldwide. ForkLog provides an overview of the most exciting new ventures.
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.
