Technology

Hebdo Crypto #208 – Bitcoin & Crypto News of the Week

In a nutshell about the week of September 12, news about bitcoin and cryptocurrencies is in constant turmoil. 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

▶ Closing of Coinbase insider trading case. Thus, Ishan Wahi pleaded guilty to fraud and insider trading.

▶ Merger officially activated on Ethereum. On Thursday, September 15 at 8:43 AM, the Ethereum network completed the transition from Proof of Work to Proof of Stake. A historic event that shook society.

▶ The Terra Labs boss is confused. For example, South Korea issued an arrest warrant for Do Kwon, co-founder of Terra Labs. This mandate follows the collapse of the Terra Luna ecosystem.

▶ Starbucks is heading into Web3. Indeed, the company has announced that it is exploring use cases for blockchain, specifically to create a loyalty model.

▶ Solana and NFT, great love story. On September 7, the channel set a record by minting over 300,000 NFTs in 24 hours.

▶ This week Sami and Benoit had the pleasure of hosting Damir from Massa Network.

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5 indicators of the week

➤ $2.5 million, which is exactly the amount in BTC that the CoinBerry exchange mistakenly distributed. Two years after that, he is suing users who did not return the funds.

➤ 36 ETH is the amount spent by the user to create the first Ethereum NFT in Proof of Stake. A historic NFT that will be worth the modest amount of $55,000.

➤ 64% is the share of validators managed by 5 staking pools. Centralization around certain participants, which can be detrimental to the network.

➤ $500,000 is the amount received from the DAO Maker hack and sent to Tornado Cash. Thus, a little more than a month after the facts, the hacker begins to launder the fruits of his theft.

➤ 310 TH/s, this is the new hashrate of the Ethereum Classic ATH network. Indeed, after the abandonment of Proof of Work on Ethereum (ETH), many miners migrated to the ETC network.

Ethereum Classic (ETC) is regaining interest after the merger. ETH miners turned to the ETC proof-of-work blockchain, which led to an increase in hashrate.

Tweet of the week

The tweet of the week is by Vitalik Buterin announcing the successful deployment of The Merge.

Have a great week at Journal du Coin! 🙂

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