The week of 31/10 in short – The news about Bitcoin and cryptocurrencies is constantly boiling. It can happen that crucial information gets lost in the daily information flow and that you miss important points. This format is there to remedy that. We return to thenews from the past week‘Crypto Weekly to keep you informed about the current situation of cryptocurrencies.
Crypto news in brief
▶ Christine Lagarde says inflation ‘came out of nowhere’. A surprising statement to say the least in view of the monetary policy conducted by the ECB.
▶ The Lightning Network victim of a critical flaw. Thus, a bug was discovered in the LND client. Fortunately, this one could be corrected before a hacker could exploit it.
▶ MakerDAO at the heart of the debates over the End Game update. Indeed, although it has been approved by the governance, the decentralization of the vote is questioned.
▶ Elrond Network becomes MultiversX. Thus, on the occasion of the X Day conference, the Elrond project announced its rebranding.
▶ NFT Art Globbers project ignites the NFT ecosystem. Thus, the project co-founded by one of the creators of Rick & Morty recorded a significant volume upon its release. However, the project is already facing significant FUD.
▶ Huobi Global gives up on its NFT. Indeed, the centralized exchange platform has announced the abandonment of its HUSD NFT project. A major victory for its competitors USDT and USDC.
▶ Binance wants to play in the big leagues. Thus, Changpeng Zhao has revealed its ambition to acquire a traditional bank to obtain the licenses that go with it.
▶ Cryptocurrency markets experienced renewed vitality this week. Back on the different movements with Coin Trading.
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The 5 metrics of the week
➤ 99.9%it’s about the drop in consumption recorded by Ethereum. Indeed, this decrease is the consequence of the transition from Proof of Work to Proof of Stake.
➤ $190 millionit is the amount that was lost by the Hodlnaut platform following the fall of Terra Luna. A disaster from which the company is struggling to recover.
➤ 98%it’s about the increase recorded by DogeCoin in 7 days. This rise follows the takeover of Twitter by Elon Musk, known to be a fervent defender of the same corner.
➤ $7 millionit’s here amount that was returned by the Team Finance hacker. After negotiation with the protocol teams, the latter returned the stolen funds. Nevertheless, he still kept 10% of the stolen funds as a reward.
➤ $3 millionit’s about amount stolen from the DeFi Skyward Finance platform. The attacker managed to find a verification flaw in one of the smart contracts of the protocol.
Tweet of the week
Tweet of the week goes to HIT9PROJECT and its alert about the fake OlympioCrypto account, known to share good airdrop plans.
Have a nice week on the Journal du Coin! 🙂
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