Results of the week: crypto services followed the EU sanctions against citizens of the Russian Federation, and Justin San denied the purchase of Huobi
Cryptocurrency platforms followed the EU sanctions against citizens of the Russian Federation, Justin San denied the purchase of Huobi, but called himself one of the largest HT holders, Google will begin to accept crypto payments for cloud services and other events of the outgoing week.
Bitcoin tested a level below $ 18,200, but recovered
On Thursday, October 13, the US Federal Labor Statistics Bureau published inflation data for September. The indicator amounted to 8.2% (previous value is 8.3%). The basic level of inflation per month has increased to 6.6% (the last indicator 6.3%), which is the highest value since 1982.
Bitcoin reacted with a fall below the level of $ 18,200. By the evening, the quotes not only returned to the previous level, but also continued to grow. On Friday, the first cryptocurrency approached $ 20,000.
At the time of writing, the asset is traded near $ 19 140.
Glassnode analysts noted that behavioral patterns, market structure and hens-indicators indicate signs of the formation of the bottom of the Bitcoin price.
At the same time, all digital assets from the TOP-10 on capitalization were in the red zone. The worst dynamics was shown by Cardano (-13.6%), Solana (-8.4%) and XRP (-8%).
The total capitalization of the cryptocurrency market amounted to $ 955.98 billion. Bitcoin dominance index increased to 38.4%.
Localbitcoins, Blockchain.COM and other services will stop servicing citizens of the Russian Federation
Russian users of the Localbitcoins P2P platform, Crypto exchanges.COM, operator of cryptocurrency wallets Blockchain.COM and a number of other services received notifications of termination of the provision of services in connection with the introduction of new EU sanctions.
Blockchain.COM provided the possibility of withdrawing deposits until October 27, after which it will block accounts. On Crypto.COM Solution entered into force after the publication of the announcement.
Google cloud platform announced the receipt of payments via Coinbase. The search engine began to display Ethereum Balances
Google technological giant will allow customers to pay cloud services with cryptocurrencies through Coinbase. As part of the partnership, the Exchange will use Google Cloud instead of Amazon Web Services to process blockchain data.
The terms of the transaction are not disclosed. According to the Vice President of the Business Development Exchange, Jim Migdal, Coinbase will receive a percentage of ongoing transactions.
The Google search engine began to directly provide data on the balance of the Ethereum-Kselovs when entering the address into the search line. Information is assembled from the Etherscan observer. The function is still available to a limited number of users.
The media called Justin San a buyer Huobi. The founder of Tron denied rumors
Chinese journalist Colin Wu, with reference to several sources, said that the final beneficiary of the ABOUT CAPATAL ManAGEMENT Foundation, who bought a control package of the Huobi exchange, can be the founder of Tron Foundation Justin San.
This week, San indicated in the Twitter profile a link to the exchange website, and after that he published an open letter to customers and employees in which he announced the upcoming changes in the company and activity with a native token Huobi Token (HT). The price of the latter in a week increased by more than 80%, and the founder of Tron called himself “one of the world’s largest asset holder”.
Representatives of Huobi said that San entered the advisory council of exchanges.
CEO FTX announced a new version of the exchange and a possible move to the United States
On November 21, the FTX cryptocurrency exchange will be updated to the second version, CEO Sam Bankman-Fried told it. The release includes a “completely new” mechanism for comparing orders aimed at increasing the speed of their execution and reducing delays. The update is also designed to improve the operation of the API and “many other functions”.
Later, Bankman-Fried allowed the transfer of headquarters of the exchange from the Bahamas to the United States. According to him, the company will consider such an opportunity after registration with the securities and exchanges commission. If successful in the region will move up to 75% of the platform employees.
Kazakhstan approved the regulation of cryptocurrencies and mining in the first reading
On October 12, the Mazhilis of Kazakhstan (lower house of parliament) approved in the first reading five bills regulating the issue and circulation of cryptocurrencies in the country. The details of each of them can be found by the link.
The difficulty of Bitcoin mining updated the maximum
On October 10, as a result https://gagarin.news/news/arrest-warrant-for-nelson-mandela-sold-for-130-000-in-nft/ of the next recalculation, the difficulty of mining of the first cryptocurrency set a new maximum at the mark of 35.61 T. The increase by 13.55% immediately became the largest since May 2021. The average hashrate of the network also updated the historical maximum, exceeding 260 eh/s.
What to discuss with friends?
- The Metaplex NFT-project token collapsed after the cadl.
- Bittrex exchange was fined $ 29 million for violation of Aml Procedure and Sanction Policy.
- Chainalysis appreciated the dynamics of cryptocurrency translations in Ukraine and the Russian Federation since the beginning of the war.
- Tether completely abandoned commercial securities in providing USDT.
October updated the anti -record for damage from hackers
According to Chainalysis, October has become a record month in terms of cryptocurrencies stolen by hackers in 2022. The losses of Defi protocols since the beginning of the month as a result of 11 attacks amounted to $ 718 million.
On October 10, the decentralized cross-turbage cross, the Transit Swap, who was subjected to a hacker attack, reported that the cracker agreed to return 10,000 BNB to the victims of the exploit. The developers allowed the hacker to leave themselves 2500 BNB ($ 686,000) as a reward for the discovered vulnerability.
On October 11, the unknown took advantage of the error in the smart contract of the Defi project of the Templedao Defi project and stole 1831 ETH (~ $ 2.3 million) in one of the stake storage facilities. The team promised to return funds to the victims as a result of an attack by users.
On the same day, another attacker hacked the contract of the QANPLATFORM cross-bridge of the platform and displayed QANX tokens worth more than $ 1 million. The price of the coin has collapsed by almost 94%. Hacker used the vulnerability of the Profanity tool.
On October 12, the hacker withdrew about $ 116 million from the Mango Markets DEFI platform based on SOLANA. The attacker used a deposit in the amount of 5 million USDC for manipulations with the price of a native MNGO token through the opening of a large margin in the unlimited swap.
Due to low liquidity in the spot market, the price of the asset briefly jumped from $ 0.03 to $ 0.91. Unknown funds used the proceeds for a large loan.
On October 15, the Mango Markets community voted in favor of the agreement with the hacker. He will return $ 69 million and leave himself the remaining $ 47 million as a reward.
This week, the BNB Chain team conducted a hard fork after hacking $ 100 million. It is designed to restore the internal cross-infrastructure between the BNB Beacon Chain blockchain and the BNB Smart Chain consensus level.
Polygon launched the twist ZKEVM, and ZKSYNC developers announced L3-solution
Polygon publicly available test network scales Ethereum and reduces transaction costs without compromising security and EVM-evivalence. The AAVE and Uniswap protocols, Web3-platform Lens Protocol and the Midnight Society Gaming Studio will join the functionality testing. Full -scale launch of a new decision was scheduled for the beginning of 2023.
ZKSYNC developers have announced the launch of the L3-mode of the Pathfinder L3 in early 2023. The EVM-compatible network is built on the protocol evidence with zero disclosure and uses ZK-Rollups technology. It will provide an order of magnitude greater speed processing, safety and reduce costs in “geometric progression”.
The Yam Finance community proposed to close the project
The Yam Finance Defi Protocol TAO issued a proposal for the distribution of treasury funds between users and closing the project. The author of the initiative noted that the community has not seen progress in the creation and development of the stated decisions for a long time. At the same time, the main team of developers monthly receives funding.
From the moment the maximum of the quotes of Yam, more than 99% reached the maximum. The initiator believes that there is still the opportunity to “save some cost” preserved by Yam token.
Also on FORKLOG:
- NFT-collection of Anthony Hopkins was bought in 10 minutes.
- WSJ: BNY Mellon customers will be able to store bitcoin and Ethereum.
- Opensea added Avalanche NFT support.
- Elliptic has analyzed competitors of the Tornado Cash cryptocurrency mixer.
What else to read?
In new educational cards, they talked about the principles of the work of the Brave web browser and BAT cryptocurrency, the sensational project Aptos and the Alien Worlds P2e games. They also explained that such a ratio of risk and profit in the sale of cryptocurrency.
In traditional digestes, the main events were collected for a week in the areas of cybersecurity and artificial intelligence.
The cryptocurrency industry is attracted by an increasing number of institutional players. This is evidenced by new investments in infrastructure and more close attention, which companies show to bitcoin as a class of assets. The most important events of the last weeks are in the FORKLOG review.
Read the FORKLOG Bitcoin News in our Telegram-cryptocurrency news, courses and analytics.