🇮🇷 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
🕵️♂️ Chainalysis report: Through July 2022, $1.9 billion worth of cryptocurrency has been stolen in hacks of services.
So far in 2022, North Korea-affiliated groups have stolen approximately $1 billion of cryptocurrency from DeFi protocols.
@DeCenterOrg
So far in 2022, North Korea-affiliated groups have stolen approximately $1 billion of cryptocurrency from DeFi protocols.
@DeCenterOrg
⚒ Chinese mining giant Canaan doubles profits despite the blanket crypto ban
Canaan officially announced financial results for the second quarter of 2022 on Thursday, reporting a 117% increase in gross profit from the same period of 2021. According to the firm, the Q2 profits amounted to 930 million renminbi (RMB), or nearly $139 million.
The company’s Q2 net income was 608 million RMB, or $91 million, or a 149% increase from 425 million RMB in the same period last year. Canaan noted that foreign currency translation adjustment in Q2 was an income compared to previous losses due to the U.S. dollar appreciation against RMB during Q2.
@DeCenterOrg
Canaan officially announced financial results for the second quarter of 2022 on Thursday, reporting a 117% increase in gross profit from the same period of 2021. According to the firm, the Q2 profits amounted to 930 million renminbi (RMB), or nearly $139 million.
The company’s Q2 net income was 608 million RMB, or $91 million, or a 149% increase from 425 million RMB in the same period last year. Canaan noted that foreign currency translation adjustment in Q2 was an income compared to previous losses due to the U.S. dollar appreciation against RMB during Q2.
@DeCenterOrg
🧬 In the Ethereum Core Devs Meeting today a final mainnet TTD of 58750000000000000000000 was confirmed.
This means the Ethereum Merge will officially go live in ~28 days around September 15th.
@DeCenterOrg
This means the Ethereum Merge will officially go live in ~28 days around September 15th.
@DeCenterOrg
⛔️ Bitcoin ATM manufacturer General Bytes had its servers compromised via a zero-day attack on Aug. 18, which enabled the hackers to make themselves the default admins and modify settings so that all funds would be transferred to their wallet address.
The hack was confirmed by General Bytes, which owns and operates 8827 Bitcoin ATMs that are accessible in over 120 countries.
@DeCenterOrg
The hack was confirmed by General Bytes, which owns and operates 8827 Bitcoin ATMs that are accessible in over 120 countries.
@DeCenterOrg
💳 Mastercard: We can unlock the full potential of blockchain technology when we make it easier to access + easier to use.
One way we do that is by bringing crypto to everyday purchases. To make that a reality, we’re working with Binance to let people to use their crypto to make purchases at 90m+ stores that accept Mastercard. Launching this work in Argentina and plans to expand from there.
@DeCenterOrg
One way we do that is by bringing crypto to everyday purchases. To make that a reality, we’re working with Binance to let people to use their crypto to make purchases at 90m+ stores that accept Mastercard. Launching this work in Argentina and plans to expand from there.
@DeCenterOrg
⚒ Antpool: As ETH2.0 (The Merge) comes along with the risk of censorship among different countries, Antpool, for the sake of clients’ asset security, will not be able to maintain the user's ETH assets on the PoS chain.
@DeCenterOrg
@DeCenterOrg
💸 MakerDAO co-founder recommends DAI-USD depegging to limit attack surface
In light of the recent discussions around depegging its native token from USD Coin (USDC) amid sanctioning of Tornado Cash, MakerDAO co-founder Rune Christensen reached out to the community explaining why free-floating DAI may be the only choice for the decentralized autonomous organization (DAO).
In his blog post, «The Path of Compliance and the Path of Decentralization: Why Maker has no choice but to prepare to free float Dai», Christensen disclosed miscalculating the risks related to risk-weighted assets (RWA).
@DeCenterOrg
In light of the recent discussions around depegging its native token from USD Coin (USDC) amid sanctioning of Tornado Cash, MakerDAO co-founder Rune Christensen reached out to the community explaining why free-floating DAI may be the only choice for the decentralized autonomous organization (DAO).
In his blog post, «The Path of Compliance and the Path of Decentralization: Why Maker has no choice but to prepare to free float Dai», Christensen disclosed miscalculating the risks related to risk-weighted assets (RWA).
@DeCenterOrg
🐳 A bitcoin address that had been dormant for nearly 9 years transferred the entire balance of 5 001 BTC to a new wallet on August 28, with a floating profit of more than $96 million.
@DeCenterOrg
@DeCenterOrg
🇦🇷 Mendoza, an Argentinian province, has implemented a system that allows taxpayers to pay their taxes fully with cryptocurrencies.
The system, which was launched this week, is part of a strategic push for the modernization and digitalization of payments carried by the tax authority of Mendoza and uses the services of a third party to process the transactions.
@DeCenterOrg
The system, which was launched this week, is part of a strategic push for the modernization and digitalization of payments carried by the tax authority of Mendoza and uses the services of a third party to process the transactions.
@DeCenterOrg
👀 Number of Out of Supply Bitcoins Reaches 4.7M
While the total supply of Bitcoin is limited to 21M, the actual circulating supply will never reach this mark since some BTC are out of supply.
@DeCenterOrg
While the total supply of Bitcoin is limited to 21M, the actual circulating supply will never reach this mark since some BTC are out of supply.
@DeCenterOrg