Crypto

Hebdo Crypto #204 – Bitcoin & Crypto News of the Week

Briefly about the week of August 15. News related to bitcoin and cryptocurrencies is constantly boiling. It can happen that important information gets lost in the daily information flow and you miss important moments. This format is meant to fix that. We return to last week’s Hebdo Crypto news to keep you up to date with the current situation with cryptocurrencies.

Briefly about the news of cryptography

▶ Resistance is organized in the Tornado Cash case. Since the US Treasury has been targeted, the Tornado Cash protocol has been hit with a slew of sanctions. Now Coin Center is joining the cause to protect the protocol.

▶ No, the merger will not lower fees on Ethereum. Thus, the Ethereum Foundation is trying to dispel this myth about the transition to Proof of Stake.

▶ Attack on aUSD by Acala. The flaw in the pool allowed the attackers to create billions of aUSD tokens from scratch. Fortunately, the situation was brought under control.

▶ New hard fork for Monero. In practice, this update allows the protocol to once again increase the reliability of the confidentiality of its transactions.

▶ Slope is cited as the culprit behind the Solana ecosystem hack. Thus, a wallet flaw would allow an attacker to siphon over 10,400 user wallets.

▶ During the PICS Summit, Benoit was able to interview Axel Sabban in a video format rich in tax information.

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5 indicators of the week

➤ 37,000 is the number of decentralized applications deployed on the Polygon network. With these applications, Polygon ranks 5th among DeFi blockchains in terms of total value locked in its ecosystem.

➤ $350,000 is the amount stolen from Velodrome Finance. A team member used one of the multi-signatures before being identified and removed from the project.

➤ $155 million is the amount lost by the Caisse depot et Placement du Québec in the Celsius case. Moreover, she even wrote off these investments from her balance sheet, reasoning that they would never pay off.

➤ $32 million – amount allegedly stolen from the Brazilian marketplace BlueBenx. An amazing situation that leaves users bewildered. Some even scream lies.

➤ $1.5 billion is the amount Alphabet, the parent company of Google, has invested in the blockchain ecosystem. This makes the company the largest investor in this ecosystem.

Tweet of the week

The tweet of the week is from @Oak_fr and his Tornado Cash thread.

Have a great week at Journal du Coin! 🙂

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