Crypto

Crypto Weekly # 176 – Bitcoin and cryptocurrency news of the week

The week of 12/20 in a nutshell: Bitcoin and crypto news are in constant turmoil. It can happen that vital information gets lost in the daily news stream and you miss important points.

This format is there to remedy that. We go back to last week’s news in Crypto Weekly to keep you posted on the current cryptocurrency situation.

Brief notices

▶ Uniswap sets sail on Polygon (MATIC). The decentralized exchange platform is preparing to roll out its version 3 contracts on the Polygon blockchain. As a reminder, this one offers much lower fees than those charged on Ethereum.

▶ The Tornado Cash protocol is being revamped. The latter announced the launch of Nova, a new type of more anonymous pool. This allows, among other things, to make transfers, without having to withdraw funds from the protocol.

▶ The Burmese government uses USDT to bypass restrictions. The military government resulting from a coup has used the stable currency and wants to convert it into its national currency.

▶ Adidas embarks on the NFT race. The brand has announced its entry into the metaverse through partnerships with the NFT Bored Ape Yacht Club, GMoney and PUNKS Comic projects.

▶ Parachutes have been implemented on the Polkadot mainnet. 5 projects that won the parachain auctions were deployed on the network. This marks the great launch of Polkadot.

The 5 metrics of the week

➤ 321 is the old BTC number that just woke up. These bitcoins, inactive since 2013, have just been moved by their owner. In practice, its owner has seen his investment multiplied by around 2,300 in the space of 8 years.

➤ $ 30 million is the amount stolen from the Grim Finance protocol hosted on the Fantom blockchain. In fact, the attack lasted 6 long hours. Project teams have already announced a compensation plan.

Grim Finance Post – Source: Twitter

122,000 ➤ is the number of BTC held by the MicroStrategy company. You have just announced that you want to get a return on these funds, in particular by proposing to use them as collateral to benefit from long-term debt.

➤ $ 4.9 billion is the amount destroyed in ETH since the deployment of EIP 1559. More than 1.2 million ETH has been destroyed. This amount is expected to reach $ 5 billion in the next few days.

Evolution of ether destruction since EIP 1559

➤ 3 weeks, this is how long the attack on the Bent Finance protocol lasted before being identified. In total, the attacker extracted $ 1.75 million from the protocol pools.

Have a nice week and happy holidays at the Journal du Coin! 🙂

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