The week of 11/14 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 that. Let’s go back tonews last week‘Weekly crypto to keep you informed on the current situation of cryptocurrencies.
Crypto news in brief
▶ The 1-inch DEX aggregator evolves. Therefore, the protocol has just unveiled v5 of its router. This new version notably introduces a tax reduction.
▶ The island of Saint Kitts and Nevis on the road to adopting Bitcoin Cash. Therefore, the Prime Minister announced that BCH would be legal tender by March 2023.
▶ New FTX CEO ‘Never Seen Anything Like It’. After taking over the reins of the platform during its collapse, she fell silent at the chaotic management that had been implemented.
▶ BlockFi on the verge of bankruptcy? The platform would face difficulties in the face of the collapse of FTX. He suspended withdrawals on November 11th.
▶ The United States is stepping up the march for its MNBC. Therefore, the FED has just started an experiment in cooperation with many banks.
▶ Solana’s ecosystem is in turmoil. In fact, Serum, the protocol that powers many DEXs on Solana, was owned by FTX. Protocol developers using Serum are considering forking the project.
▶ Faced with the fall of FTX, hardware wallets have shown renewed interest. This week, The corner diary explains some subtleties about these wallets.
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The 5 metrics of the week
➤ $200 millionit concerns amount raised by Matter Labs to fund its zkSync project. These funds will be used to develop the second tier solution, which just launched its mainnet alpha.
➤ 5,000this is the number of users affected by the Tokensoft personal information leak. In fact, the protocol posted an incorrect file and disclosed the KYCs of all users.
➤ $3.4 billionand the amount that was deployed by the Luna Foundation Guard (LFG) to defend the UST peg. This is evidenced by the latest external audit report drawn up.
➤ $100 millionit concerns amount that the OKX exchange platform would be ready to distribute to help the victims of the fall of FTX. Its competitor Binance is reportedly considering setting up a similar support fund.
➤ $3.42 billionit concerns volume recorded by the dYdX platform parallel to the fall of FTX. Thus, DEXs appear to have seen renewed interest in the face of the CeFI fiasco.
Tweet of the week
Tweet of the week goes to Gilles Cadignan and his statement regarding censorship and the use of currency as a tool of censorship.
Have a good week in the Journal du Coin! 🙂
Cryptocurrencies and blockchain technology are still young and volatile sectors. Any investment involves risk. As a well-informed investor, have you done your research and decided to take the plunge? Current prices are an opportunity to add a few satoshis to your wallet! To do it, Register on Bitget (commercial link).