The week of 07/11 in short – News about Bitcoin and cryptocurrencies is always bubbling. It can happen that you lose important information in the daily flow of information and that you forget important points. This form exists to solve that. We went back tonews from last week‘Crypto Weekly to keep you informed about the current state of cryptocurrencies.
Crypto news in brief
▶ Vitalik Buterin unveiled the new Ethereum map. Therefore, the evolution of Ethereum will take place through 6 stages aimed at improving the performance and decentralization of the network.
▶ Tornado Cash once again in the sights of OFAC. Therefore, it reclassified Tornado Cash and now accuses the protocol of helping to develop North Korea’s nuclear program.
▶ Justin Sun to the rescue of FTX users. Therefore, the founder of Tron announced that he reached an agreement with FTX to save the holders of tokens specific to the Tron ecosystem.
▶ UnionBank offers its customers BTC and ETH. In fact, the bank in the Philippines now offers a cryptocurrency storage and trading service.
▶ The vote on the MiCa law was postponed. As a reminder, MiCa is a piece of legislation aimed at regulating cryptocurrencies within the European Union.
▶ pNetwork protocol teams face their incompetence. Therefore, the Gala hack by pNetwork was caused by the publication of the project’s GitHub private keys.
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The 5 metrics of the week
➤ 39it’s about number of Pick n Pay outlets accepting BTC in South Africa. Therefore, the company has extended its pilot project and should roll it out to all 1,600 establishments in the coming months.
➤ 0.003%, this is the deflation rate of ETH. In fact, the issuance of Ether has become deflationary since the transition to Proof of Stake.
➤ $657 millionit’s about amount of losses recorded during the October DeFi hack. A sad record, which will make 2022 the year that witnessed the most DeFi hacks.
➤ 47%it’s about reduction recorded in the SOL token within 24 hours. This decline follows the turmoil encountered by the company FTX and its subsidiary Alameda Research.
➤ $30 millionit’s about amount belonging to the CoinShare company blocked by the FTX platform. In fact, individuals are not the only ones affected by the fall of FTX and Alameda Research.
Tweet of the week
Tweet of the week goes to @_Cryptic and his thread on a crazy theory: Sam Bankman-Fried will be ChefNomi, the founder of SushiSwap.
Have a great week at Journal du Coin! 🙂
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