DeCenter – Blockchain and Bitcoin
🇺🇸 The U.S. Securities and Exchange Commission is investigating whether Coinbase Global Inc improperly permitted Americans to trade digital assets that should have been registered as securities. @DeCenterOrg
📉 Coinbase shares fell 20% after Bloomberg disclosed that the SEC was investigating it.
Three funds of Cathie Wood’s Ark Investment Management sold for the first time this year a total of more than 1.4 million shares of Coinbase Global on Tuesday.
@DeCenterOrg
Three funds of Cathie Wood’s Ark Investment Management sold for the first time this year a total of more than 1.4 million shares of Coinbase Global on Tuesday.
@DeCenterOrg
⚡️ Nirvana, an algorithm stablecoin protocol based on Solana, is suspected to have suffered a flash loan, with a funding gap of $12 million.
The price of its stablecoin NIRV once fell from $1 to $0.09; ANA token price once fell from $8.9 to $1.5, a drop of as much as 85%.
@DeCenterOrg
The price of its stablecoin NIRV once fell from $1 to $0.09; ANA token price once fell from $8.9 to $1.5, a drop of as much as 85%.
@DeCenterOrg
🇭🇳 Honduras launches «Bitcoin Valley» in the tourist town of Santa Lucia
The «Bitcoin Valley» project targets 60 businesses to initially get trained and adopt cryptocurrencies to market their products and services, expecting to spread these practices to more enterprises and nearby areas.
The initiative was jointly developed by the Blockchain Honduras organization, the Guatemalan cryptocurrency exchange consortium Coincaex, the Technological University of Honduras and Santa Lucia's municipality.
@DeCenterOrg
The «Bitcoin Valley» project targets 60 businesses to initially get trained and adopt cryptocurrencies to market their products and services, expecting to spread these practices to more enterprises and nearby areas.
The initiative was jointly developed by the Blockchain Honduras organization, the Guatemalan cryptocurrency exchange consortium Coincaex, the Technological University of Honduras and Santa Lucia's municipality.
@DeCenterOrg
🕵️♂️ Nomad token bridge drained of $190M in funds in security exploit
The Nomad token bridge appears to have experienced a security exploit that has allowed hackers to systematically drain the bridge’s funds over a long series of transactions.
Nearly the entire $190.7 million in crypto has been removed from the bridge, with only $651.54 left remaining in the wallet.
Exploiters removed tokens in an unusual fashion as each token was removed in nearly equivalent denominations. For example, transactions with exactly 202 440 USDC were executed over 200 times.
@DeCenterOrg
The Nomad token bridge appears to have experienced a security exploit that has allowed hackers to systematically drain the bridge’s funds over a long series of transactions.
Nearly the entire $190.7 million in crypto has been removed from the bridge, with only $651.54 left remaining in the wallet.
Exploiters removed tokens in an unusual fashion as each token was removed in nearly equivalent denominations. For example, transactions with exactly 202 440 USDC were executed over 200 times.
@DeCenterOrg
⚡️ Michael Saylor will step down as MicroStrategy CEO but remain as executive chair
Bitcoin (BTC) maximalist Michael Saylor has announced that he will step down as the chief executive officer of MicroStrategy, the business intelligence firm he helped co-found in 1989.
In a Tuesday notice on its second quarter earnings for 2022, MicroStrategy said Saylor would be assuming the new role of executive chair at the company, while president Phong Le will become CEO. The changes are expected to take effect on Aug. 8.
«I believe that splitting the roles of Chairman and CEO will enable us to better pursue our two corporate strategies of acquiring and holding Bitcoin and growing our enterprise analytics software business», Saylor said.
@DeCenterOrg
Bitcoin (BTC) maximalist Michael Saylor has announced that he will step down as the chief executive officer of MicroStrategy, the business intelligence firm he helped co-found in 1989.
In a Tuesday notice on its second quarter earnings for 2022, MicroStrategy said Saylor would be assuming the new role of executive chair at the company, while president Phong Le will become CEO. The changes are expected to take effect on Aug. 8.
«I believe that splitting the roles of Chairman and CEO will enable us to better pursue our two corporate strategies of acquiring and holding Bitcoin and growing our enterprise analytics software business», Saylor said.
@DeCenterOrg
🔥 The widespread hack on Solana wallets is likely due to the supply chain issue exploited to steal/uncover user private keys behind affects wallets.
So far, the loss is estimated to be $8M, excluding one illiquid shitcoin (only has 30 holds & maybe misvalued $570M).
@DeCenterOrg
So far, the loss is estimated to be $8M, excluding one illiquid shitcoin (only has 30 holds & maybe misvalued $570M).
@DeCenterOrg
🐋 Coinbase is partnering with BlackRock, the world’s largest asset manager, to provide institutional clients of Aladdin, BlackRock’s end-to-end investment management platform, with direct access to crypto, starting with Bitcoin.
@DeCenterOrg
@DeCenterOrg
🇦🇷 Binance and Mastercard will launch prepaid crypto cards in Argentina
Binance said the card will allow its clients in Argentina to use Bitcoin (BTC), BNB and other cryptocurrencies to make purchases as well as ATM withdrawals in fiat wherever Mastercard is accepted — roughly 90 million merchants globally and online. Argentine cardholders can also earn up to 8% back in cryptocurrency from certain purchases.
@DeCenterOrg
Binance said the card will allow its clients in Argentina to use Bitcoin (BTC), BNB and other cryptocurrencies to make purchases as well as ATM withdrawals in fiat wherever Mastercard is accepted — roughly 90 million merchants globally and online. Argentine cardholders can also earn up to 8% back in cryptocurrency from certain purchases.
@DeCenterOrg
🧬 The second largest Ethereum mining pool, f2pool, said: Whether to support the Ether fork or not is no longer important. We will let the miner community decide.
However, we acknowledge that the era of ETH PoW is at its end and let us move on to the new Era of PoS.
@DeCenterOrg
However, we acknowledge that the era of ETH PoW is at its end and let us move on to the new Era of PoS.
@DeCenterOrg
🌪 US Treasury sanctions USDC and ETH addresses connected to Tornado Cash
In a Monday announcement, the OFAC effectively barred U.S. residents from using more than 40 USD Coin (USDC) and Ether (ETH) addresses connected to Tornado Cash by placing them on its list of Specially Designated Nationals. It’s unclear what led to this enforcement action, but the protocol was at the center of some recent hacks and exploits in decentralized finance, including a $375-million attack on Wormhole in February and a $100-million hack on Horizon Bridge in June.
Tornado Cash announced in July that it had fully open-sourced its user interface code as part of its goals towards complete decentralization and transparency.
@DeCenterOrg
In a Monday announcement, the OFAC effectively barred U.S. residents from using more than 40 USD Coin (USDC) and Ether (ETH) addresses connected to Tornado Cash by placing them on its list of Specially Designated Nationals. It’s unclear what led to this enforcement action, but the protocol was at the center of some recent hacks and exploits in decentralized finance, including a $375-million attack on Wormhole in February and a $100-million hack on Horizon Bridge in June.
Tornado Cash announced in July that it had fully open-sourced its user interface code as part of its goals towards complete decentralization and transparency.
@DeCenterOrg
🇮🇷 Iran has registered its first official order for importing $10 million worth of goods in cryptocurrency this week, the semi-official Tasnim agency reported on Tuesday quoting an official from the Ministry of Industry, Mine and Trade.
@DeCenterOrg
@DeCenterOrg
📉 Coinbase Reports Over $1 Billion in Losses During Q2
Crypto exchange giant Coinbase has cited a fast and furious downturn of the crypto markets as the reasons behind a staggering $1.1 billion net loss in the second quarter of 2022, which also saw trading volume and transaction revenue tumbling.
Coinbase said that Q2 was a tough quarter with trading volume falling 30% and transaction revenue down 35% sequentially.
However, Coinbase wrote that despite the economic downfall, the company is doing its best to adjust to fluctuating market conditions.
@DeCenterOrg
Crypto exchange giant Coinbase has cited a fast and furious downturn of the crypto markets as the reasons behind a staggering $1.1 billion net loss in the second quarter of 2022, which also saw trading volume and transaction revenue tumbling.
Coinbase said that Q2 was a tough quarter with trading volume falling 30% and transaction revenue down 35% sequentially.
However, Coinbase wrote that despite the economic downfall, the company is doing its best to adjust to fluctuating market conditions.
@DeCenterOrg
⛔️ Crypto exchange Hotbit suspends trading and withdrawals amid criminal investigation into former employee.
@DeCenterOrg
@DeCenterOrg
⛓ Ethereum Merge on track as Goerli test merge successfully finalized
After Ropsten and Sepolia, Goerli was the last remaining testnet scheduled to undergo the merge, officially becoming a Proof-of-Stake (PoS) blockchain as of 1:45 am UTC, Aug. 11.
The Goerli testnet merge has been finalized without any major issues today, suggesting that there will be no delays to the tentative Ethereum Merge date set for Sept. 19.
Ethereum developer Marius van der Wijden noted that there was some “confusion on the network because two different terminal blocks and lots of non-updated nodes” that slowed the process down slightly, but stated that things were looking “quite good” anyway.
@DeCenterOrg
After Ropsten and Sepolia, Goerli was the last remaining testnet scheduled to undergo the merge, officially becoming a Proof-of-Stake (PoS) blockchain as of 1:45 am UTC, Aug. 11.
The Goerli testnet merge has been finalized without any major issues today, suggesting that there will be no delays to the tentative Ethereum Merge date set for Sept. 19.
Ethereum developer Marius van der Wijden noted that there was some “confusion on the network because two different terminal blocks and lots of non-updated nodes” that slowed the process down slightly, but stated that things were looking “quite good” anyway.
@DeCenterOrg
🧬 The Ethereum Merge may be coming sooner than planned, after core developers announced a tentative Merge date of Sept. 15, which will see the blockchain transition to Proof-of-Stake.
The Ethereum mainnet Merge date came into view after core developers such as Tim Beiko and Prysmatic Labs co-founder Terence Tsao agreed in an Aug. 11 developer call it would be when Total Terminal Difficulty (TTD) hits 58750000000000000000000.
@DeCenterOrg
The Ethereum mainnet Merge date came into view after core developers such as Tim Beiko and Prysmatic Labs co-founder Terence Tsao agreed in an Aug. 11 developer call it would be when Total Terminal Difficulty (TTD) hits 58750000000000000000000.
@DeCenterOrg
⛔️ Polkadot’s decentralized finance (DeFi) hub Acala suffered a major attack on its newly launched liquidity pool on Sunday. The exploit allowed the hacker to mint more than 1.2 billion aUSD, the project’s stablecoin.
Shortly after the hack, the Acala team updated users on Twitter, noting that the exploit originated from a “misconfiguration of the iBTC/aUSD liquidity pool.” The misconfiguration has now been rectified, according to the project.
@DeCenterOrg
Shortly after the hack, the Acala team updated users on Twitter, noting that the exploit originated from a “misconfiguration of the iBTC/aUSD liquidity pool.” The misconfiguration has now been rectified, according to the project.
@DeCenterOrg
🐋 Ethereum giant whale is active again after nearly 3 years of dormancy. Since yesterday, a total of 145 000 ETHs have been transferred out and distributed to multiple wallets.
The initial source of ETH for this whale was to participate in the Ethereum Genesis ICO, and a total of 150 000 ETH was obtained, of which 5 000 ETH was transferred out to the Bitfinex3 exchange address on July 31, 2019 (ETH = $219).
@DeCenterOrg
The initial source of ETH for this whale was to participate in the Ethereum Genesis ICO, and a total of 150 000 ETH was obtained, of which 5 000 ETH was transferred out to the Bitfinex3 exchange address on July 31, 2019 (ETH = $219).
@DeCenterOrg