RE: ITS NOT AS IT SEEMS [ BEWARE BIG BITCOIN VOLATILITY ]

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ITS NOT AS IT SEEMS [ BEWARE BIG BITCOIN VOLATILITY ]

in crypto •  2 years ago 

HEBDO CRYPTO #207 – BITCOIN AND CRYPTOCURRENCY NEWS OF THE WEEK

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The week of 05/09 in brief – The news concerning Bitcoin and cryptocurrencies is in constant turmoil. 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 the news of the past week in the Hebdo Crypto to keep you informed on the current situation of cryptocurrencies.

CRYPTO NEWS IN BRIEF
▶ Poolin temporarily freezes withdrawals in the face of a liquidity crisis . Indeed, one of the world's leading mining pools is struggling to handle the recent increase in withdrawal requests.

▶ To fight censorship, Wasabi and Trezor join forces . The two entities have announced a partnership to offer Coinjoin transactions to users of Trezor wallets.

▶ The Merge is running, Bellatrix is ​​activated on the beacon chain . Bellatrix marks the first of two steps that allow the deployment of The Merge. The hard fork was successfully completed on September 6.

▶ Binance gets into zk-Rollups with zkBNB . BNB Chain developers have announced the launch on the testnet of their own zk-Rollup solution.

▶ The turmoil surrounding Celsius is always full . Indeed, the company is suspected of having lied about its financial statement since 2021 . In addition, it would have engaged in price manipulation of the price of the CEL token.

▶ Although Vitalik Buterin theorized them, Binance is the first to launch Soulbound tokens . These will make it possible to manage identities linked to addresses.

THE 4 METRICS OF THE WEEK
➤ 300,000 , this is the number of Optimism (OP) tokens that will be airdropped to 1inch users . Thus, the 1inch protocol will distribute these tokens to users of the protocol on layer 2 of Optimism.

➤ $265,000 is the amount defrauded during an attack targeting KyberSwap . In practice, this attack targeted a flaw in the frontend of the application. This had been introduced by the use of the Google Tag Manager service.

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KyberSwap warns about its hack – Source: Twitter

➤ 370,000 dollars , this is the amount stolen from the Nereus Finance protocol on Avalanche . In fact, an attacker performed a price manipulation attack through the use of flash loans.

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Nereus Finance was the victim of a flash loan attack – Source: Twitter

➤ 225 million TH/s , this is the hashrate value of Bitcoin . This is about to exceed its former ATH set at 230M TH/s.

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