The week of 06/27 in brief – News about Bitcoin and cryptocurrencies is constantly boiling. It can happen that crucial information gets lost in the daily information flow and that you miss important points. This format is there to remedy that. We return to thenews from the past week‘Crypto Weekly to keep you informed about the current situation of cryptocurrencies.
Crypto news in brief
▶ Celsius much worse than banks. Indeed, documents revealed by the Wall Street Journal demonstrate poor risk management on the part of Celsius. Unsecured loan, poor asset/equity ratio, nothing is right.
▶ The Bridge Ronin rises from its ashes. Indeed, it has just been relaunched after 4 months of shutdown following its hack. In addition, the project teams announced that they would reimburse all injured users.
▶ Leaks at Opensea. NFT Opensea’s buying and selling platform has been the target of a massive data breach. Thus, many email addresses have leaked through one of its subcontractors.
▶ Coinbase is ending Coinbase Pro. Thus, the company announced that it would close the platform at the end of the year. The goal is to bring all of Coinbase’s services together in one place.
▶ 3.6 billion dollars traced in the Terra Luna case. Thus, a report has just come out confirming the suspicions of embezzlement.
▶ Sami and Benoit are back with Marc Zeller from Aave and Abdelhamid Bakhta from Onlydust.
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The 6 metrics of the week
➤ 200it is the number of BTC dating from 2010 that have just been moved. Thus, 12 years after being mined, several addresses have issued transfers to a single and unique address. Would the holder want to cash out his $4 million?
➤ $670 millionit is the amount claimed by Voyager Digital from Three Arrow Capital. Unfortunately for the lender, 3AC appears to be avoiding contact with its creditors.
➤ 480it is the number of BTCs that have just been purchased by the MicroStrategy company. Thus, it takes advantage of a fall in prices to increase the number of BTC in its coffers.
➤ $1.5 millionit is the amount that was returned by the hacker of the XCarnival protocol. In practice, he had stolen $3 million. He eventually agreed with the team to keep a $1.5 million reward.
➤ 100 millionit is the amount that was stolen by an attacker on Harmony’s Horizon Bridge. However, the latter does not seem inclined to negotiate and has undertaken to move the funds via Tornado Cash to cover his tracks.
➤ 1%it is the share of users who hold 90% of the voting power in the DAOs. Thus, a report by Chainalysis highlighted the lack of decentralization of most DAOs.
Tweet of the week
For the tweet of the week, we will come back to the thread proposed by @Jeffmakvs who asked themselves the question: Which exchange best managed the last bull cycle?
Have a nice week on the Journal du Coin! 🙂
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