According to reports, the carbon footprint of U.S. mining companies corresponds to the emissions of 6 million cars per year.
Eco-activists called on the U.S. government to consider a ban on new cryptocurrency mining activities. In their opinion, this would help protect the planet from climate change. Their findings are based on publicly available documents, utility reports, regulations and financial information.
Communities of environmentalists are trying to reduce carbon emissions, but emissions from bitcoin mining farms are negatively impacting the progress of their operations. The carbon footprint from mining from mid-2021 to 2022 was 27.4 million tons, three times more than what the largest coal-fired power plant in the United States emits.
Nonprofits are concerned about the rapid growth of mining companies in the U.S. following China’s ban on mining. Also, eco-activists believe that mining farms have been driving up service rates due to high electricity consumption.
A court in South Korea issued an arrest warrant for the founder of Terra and five other businessmen.
In South Korea, a court issued a detention order for Do Kwon, co-founder of TerraForm Labs. This is reported by the Bloomberg agency. Do Kwon and five other people are accused of violating the national legislation on capital markets. Authorities say all six suspects are in Singapore.
In June, the Seoul South District Prosecutor’s Office barred Terra’s main developers from leaving the country. Authorities feared that witnesses could thus avoid participating in the investigation.
The TerraForm Labs probe began in South Korea in late May. It was to look for signs of a pyramid scheme at Terra. The collapse of UST, supported by Terra, began on May 8. The cryptocurrency lost its peg to the U.S. dollar after a one-time sale of tokens worth $300 million.
A blockchain protocol for the creation of stabelcoins whose value will be anchored to fiat currencies.
The exchange announced that it will discontinue support for USDC and two other stablecoins.
Cryptocurrency exchange Binance announced the withdrawal of support for stablecoins USDC, USDP and TrueUSD. Users who had these tokens in their accounts will instead receive BUSD at a rate of 1:1. Autoconversion of currencies will increase liquidity and capital efficiency for users.
Trading of these stablecoins in pairs with USDT and BUSD will stop on September 26, and trading in pairs with BTC, ETH and other popular cryptocurrencies will close on September 29. Pending trading orders of users will be automatically deleted.
Stablecoins USDC, USDP and TUSD will be replaced by BUSD not only on the exchange, but also in all services of the company: crediting, stacking, Binance Pay and other services. The changes will not affect only the withdrawal of funds, users will still be able to cash out in these stablecoins.
Binance is the leading cryptocurrency exchange system.
Built on the ERC-20 standard from Ethereum (ETH) and is “backed” by a fund in dollars. For each issued BUSD, there is $1, which is stored in accounts in American banks.
Hackers hacked the South Korean government's YouTube account and renamed it “SpaceX Invest”.
Hackers hacked the official YouTube channel of South Korea, it was reported by the Korean news agency Yonhap. The attackers renamed the account to “SpaecX Invest” and launched an interview on it with Ilon Mask on the topic of cryptocurrencies.
The account was hacked in the morning of September 3; the attack was not discovered until 2.5 hours later. After detection, the account was restored. Presumably, stolen login and password were used for the hack.
The attack followed the successful hacking of the Korea Tourism Organization (KTO). The KTO channel with over 500,000 subscribers was attacked on Thursday and has still not been recovered.
The first cryptocurrency continues to decline in value after failing to make gains at $25,000 on August 15.
On August 29, Bitcoin renewed its lowest value, which reached July 13. It was down to the $19,500 mark. Now its rate reaches $19,800. During the day it has fallen in price by 1%, and during the week by 8%.
The value of the first cryptocurrency has been decreasing since August 15, when at the moment it reached $25.2 thousand. Over the past two weeks Bitcoin has already fallen in price by 23%. Its market capitalization fell to $379.5 billion with daily volumes of $24.4 billion.
Bitcoin’s decline has accelerated since last Friday, following a speech by U.S. Federal Reserve official Jerome Powell. At a symposium in Jackson Hole, Powell said interest rates would continue to rise to fight inflation.
The first and most popular cryptocurrency.
Algorithmic stabelcoin Neutrino USD fell in price by 10 cents
Stablecoin Neutrino USD (USDN) lost its peg to the US dollar. The USDN token fell 10% against the dollar, reaching a value of $0.9. The market capitalization of this token is $621 million, with a daily trading volume of $5.7 million.
Neutrino Protocol is a platform for the development of stabcoins in the Waves network. Neutrino USD is an algometric stablecoin tied to USD and secured by a WAVES token. The value of WAVES also fell by 3.5% over the day and is $4.96.
The detachment of the stabelcoin from the dollar takes place against the background of the system update, which was released on August 24. Changes were made to the system, which were voted by its users. According to Neutrino developers, the updates were necessary to stabilize the protocol and ensure security.
The total value of transactions in the Bitcoin network for all time exceeded the value of $100 trillion.
The value of all transactions made during the existence of the Bitcoin network exceeded the mark of $100 trillion. However, the actual economic activity of the network is significantly lower than this estimate. This was reported by Ark Invest analyst David Puell.
In his statement, the analyst refers to data from the Glassnode project. The project takes into account transfers between wallets belonging to the same user. According to Puell, the real value of transactions is $7.3 trillion.
To derive this value, he excluded transactions that are not linked between two separate entities.
The first and most popular cryptocurrency.
Adidas, Gucci and Tiffany are also among the top 10 brands of NFT sales leaders. Together they earned $260 million.
Nike has become the leader among brands selling their own NFT. This was reported by the research agency Dune Analytics in it's report. Nike’s total revenue for the sale of NFTs was about $185 million for the initial sale of tokens, $92 million came in the form of royalties from 67,000 resale transactions totaling about $1.3 billion.
In second place on the list of leaders was the brand Dolce & Gabbana with revenues of $25 million. Third place went to jewelry company Tiffany with revenues from deals worth $12.6 million. The first 10 brands on the list selling NFT, together earned $263 million.
Popular brands are still making money from the sale of non-fungible tokens, despite the fact that total NFT sales fell to a low of $1 billion in June.
Solana developers have concluded that the hack is related to the Slope wallet
According to Solana developers' research, it turned out that the hacked wallets were somehow in contact with the Slope mobile app. The developers had previously written that the hack was not related to a bug in the blockchain code, but to software that was used by multiple wallets.
Solana Labs co-founder Anatoly Yakovenko said that those people who used the seed phrase in Slope were already compromised.
The Slope developers themselves write that a number of wallets have been compromised and the team is actively investigating the incident. The specific reason for the hack is unknown.
Slope developers urge users to create new wallets with new seed phrases.
Pahntom, whose customers were also affected, believes that the exploit used for the hack is related to Slope. Some experts claim that the developers stored the seed phrases on centralized servers, which were subsequently hacked.
Hackers hacked the wallets of thousands of Solana blockchain users and stole millions of dollars.
Attackers hacked the wallets of Solana token holders by exploiting a blockchain vulnerability. According to the developers, a total of 7.7 thousand wallets were affected. The Slope and Phantom projects were also affected.
Cold wallets are unlikely to have been affected. Users are advised to change the seed phrase and transfer the remaining assets to hardware devices. Hacked wallets are better not to use in principle and consider them compromised.
Affected users are invited to take part in a survey that will help developers find the vulnerability PeckShield estimated user losses at $8 million.
A fourth-generation blockchain and cryptocurrency that contains open infrastructure and provides greater deficiency.