Results of the week: Bitcoin was fixed above $ 21,000, and the head of Binance commented on possible restrictions for Russians
Bitcoin quotes broke $ 21,000, Deribit was hacked by $ 28 million, Chanpen Zhao commented on possible restrictions for Russians and other events of the outgoing week.
Bitcoin was fixed above $ 21,000
Against the backdrop of the waiting for the Federal Reserve for the key exchange rate of bitcoin quotes, they opened a week with a decrease. On Wednesday, November 2, the regulator increased the target range by 75 basic points at once – up to 3.75–4% per annum.
The first cryptocurrency reacted to tightening the Fed’s policy with a slight fall, but the very next day the quotes began to grow and on Friday pierced the level of $ 21,000.
At the time of writing, the asset is traded near $ 21,250.
According to the results of the week, all digital assets from the TOP-10 on market capitalization were in the “Green Zone”. The best dynamics was shown by Binance Coin (BNB) – the price of token increased by 16.5%.
The total capitalization of the cryptocurrency market was $ 1.1 trillion. Bitcoin dominance index decreased to 37.1%.
Filled 14 years since the publication of White Paper Bitcoin
October 31, 2008 Satoshi Nakamoto published White Paper Bitcoin. The technical document described the principle of operation of a one -rat payment system, which subsequently revolutionized financial technologies in the world.
Bitcoin’s launch of the network took place in January 2009. Two years later, Satoshi Nakamoto disappeared, and the public could not find out who wrote a document underlying the multi -billion dollar industry.
Chanpeng Zhao discussed the prospects of Twitter under the “unpredictable” Ilon Masca and made several statements
Chanpen Zhao, during the web sammit in Lisbon, called Ilon Mask “unpredictable guy”. The head of Binance expects that under the guidance of a billionaire, the speed of deployment of new functions in the social network will be much higher, even if “not all of them take root”. Zhao added that he would enter the board of directors of the social network if such an offer came from the mask.
CEO exchange also commented on possible restrictions for Russians, saying that he has no final answer yet. He noted that Binance licensed companies in Europe will definitely not be able to serve citizens of the Russian Federation, but there is no unequivocal decision in relation to other jurisdictions:
“We communicate with regulators about whether we can serve Russian users. We are waiting for expert recommendations. This is a difficult situation “.
Another statement concerned potential absorptions. Zhao said that Binance is considering the possibility of buying banks to overcome the gap between traditional finances and crypto industry. According to the head of the company, she is ready both for the purchase of minority shares in banks, and for the complete acquisition.
Media: the authorities of South Korea received evidence against Kvon
The South Korean prosecutor’s office received evidence that CEO TerRaform Labs was manipulated by Kwon at the cost of Luna, local media reported. Law enforcement officers allegedly received a correspondence between Kwon and a certain employee of his company.
The day before it became known about the collective claim for Terraform Labs and CEO for $ 57 million, filed on behalf of more than 350 investors. The hearing will be held early on November in the Singapore Court.
The Deribit cryptoderivat exchange was hacked by $ 28 million
On November 1, unknown people hacked the hot wallet of the Deribit cryptocurrency derivatives exchange and withdrew $ 28 million – ~ 9080 ETH ($ 14.2 million) and ~ 691 BTC ($ 14.1 million). The stock exchange managed to maintain assets due to the features of distinguishing between its own and client funds-99% of the latter are stored in a cold wallet.
What to discuss with friends?
- In Puerto Rico, the co-founder of Makerdao Nikolai Mukhyan died. The day before, he announced the intention of the CIA and Mossad “torture him to death”.
- FTM token grew by 20% amid rumors about the return of Andre Kronya to Fantom Foundation.
- 1inch and Revolut launched a training course for beginners in Defi with encouragement in 1inch tokens.
- Gala Games token collapsed 25% due to fears of multimillion-dollar hacking.
Experts calculated the benefits of Microstrategy from investing in Ethereum instead of bitcoin
Instead of a loss of $ 1.3 billion, Microstrategy could earn $ 1.6 billion, if instead of bitcoin invested in Ethereum, the authors of the Blockchain Center resource calculated.
According to analysts, given the income from stakeing, the company’s reserves would now be 3,781,691 ETH ($ 5.9 billion). The current value of the structure of the structure is estimated at about $ 2.66 billion.
Instagram users will be able to create and sell NFT on the Polygon blockchain
META Corporation announced the possibility of creating its own NFT on Instagram. Initially, the option will be available on the Polygon blockchain. https://gagarin.news/ Arweave platform acted as a castodial partner. Both assets showed rapid growth against the background of the announcement.
META tests an option with a small group of authors in the USA. According to the statement, the social network will support video format. At the same time, Instagram added SOLANA blockchain support and Phantom wallet.
Fragment sold the first username Telegram
On November 2, the first user of Telegram-@auto was sold at the Fragment blockchain auctions-@auto. The total cost of Nick amounted to 900,000 Toncoin (about $ 1.4 million).
Hong Kong softened the regulation of the crypto industry and revised the position on bitcoin -etf
The financial regulator of Hong Kong published a statement on the mitigation of restrictions on cryptocurrencies and willingness to interact with the suppliers of virtual assets services.
Hong Kong is also open for exchange funds (ETF) based on cryptocurrencies, and promised to provide appropriate regulatory mechanisms and protection of investors. Now the city authorities are discussing a new licensing regime for suppliers of virtual assets services.
Previously, the former CEO BitMEX Arthur Hayes allowed China to return to crypto industry through Hong Kong.
Vitalik Buterin introduced an updated Ethereum Road Map
Vitalik Buterin published an updated Ethereum roadmar. The project team intends to solve “MEV problems” and fully integrate ZK-Snark technology into blockchain .
According to him, the updated diagram specizes the steps of the implementation of each phase of development of Ethereum and emphasizes the role of quantum stability for the future blockchain.
Also on FORKLOG:
- The media learned about Bybit’s decision regarding sanctions against Russians.
- Hetzner provider has blocked access to servers with SOLANA NODS.
- Allianz economist excluded the growth of bitcoin above $ 100,000.
- Dogecoin price exceeded $ 0.15 for the first time since April.
What else to read?
In the analytical report, Forklog talked about the main changes in the industry for October.
In the exclusive material, FORKLOG analyzed the most relevant onchain-indicators, collected interesting opinions and found out when to wait for the price of the first cryptocurrency price.
The new educational cards explained what Ethereum is and how the Rollaps technology helps to scale the blockchain of the second in capitalization of cryptocurrency.
The main events in the field of cybersecurity were collected in the traditional digest.
The decentralized finance sector (Defi) continues to attract increased attention of cryptocurrency investors. FORKLOG collected the most important events and news of the last weeks in digest.
Read the FORKLOG Bitcoin News in our Telegram-cryptocurrency news, courses and analytics.