The week of 31/10 In short – Bitcoin and cryptocurrency news is constantly boiling. It can happen that crucial information gets lost in the daily flow of information and that important points are missed. This format is there to remedy. Let’s go back tonews last week‘Crypto Weekly to keep you informed about the current situation of cryptocurrencies.
Cryptocurrency News in Brief
▶ Christine Lagarde says inflation “came out of nowhere”. A surprising statement to say the least given the monetary policy conducted by the ECB.
▶ The Lightning Network victim of a critical flaw. Therefore, a bug was found in the LND client. Fortunately, this could be fixed before a hacker can exploit it.
▶ MakerDAO at the center of the End Game update debates. In fact, 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.
▶ The NFT Art Globbers project lights up the NFT ecosystem. Therefore, the project co-founded by one of the creators of Rick & Morty recorded significant volume upon its release. However, the project is already facing significant FUD.
▶ Huobi Global renounces its NFT. The centralized exchange platform has in fact announced the abandonment of its HUSD NFT project. A major win for its USDT and USDC competitors.
▶ Binance wants to play in the big leagues. Thus, Changpeng Zhao revealed his ambition to acquire a traditional bank to obtain the accompanying licenses.
▶ The cryptocurrency markets experienced renewed vitality this week. Go back to the different movements with Coin Trading.
The 5 metrics of the week
➤ 99.9%it is the drop in consumption recorded by Ethereum. In fact, this decrease is the consequence of switching from Proof of work to Proof of stake.
➤ $ 190 millionthis is the amount lost by the Hodlnaut platform following the fall of Terra Luna. A disaster from which the company struggles to recover.
➤ 98%it is the increase registered by DogeCoin in 7 days. This rise follows the acquisition of Twitter by Elon Musk, known for being a fervent defender of the same corner.
➤ 7 million dollarsit’s here amount that was returned by the Team Finance hacker. After negotiations with the protocol teams, they returned the stolen funds. However, he still kept 10% of the stolen funds as a reward.
➤ 3 million dollarsit concerns 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 PROJECT HIT9 and its warning about the fake OlympioCrypto account, known for sharing good airdrop plans.
Have a good week in the Journal du Coin! 🙂
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