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.
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.
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.
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.
Hold your horses, cowboys and cowgirls. The above is just a landmark and a factoid, and should be read as such.
For true measurement of cumulative economic activity, 7.3 trillion USD (change-, entity-adjusted) is the mark. pic.twitter.com/oPnuDfUs3S
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.
After an investigation by developers, ecosystem teams, and security auditors, it appears affected addresses were at one point created, imported, or used in Slope mobile wallet applications. 1/2
Solana Labs co-founder Anatoly Yakovenko said that those people who used the seed phrase in Slope were already compromised.
If you have ever imported a seed phrase into slope, consider it compromized. Move all the assets to a new non slope wallet. Even if the attack didn't claim those tokens yet, the phrase is leaked. Just a matter of time https://t.co/pCBx8jRwcO
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.
See below for our official statement on the breach situation (now posted to our Medium).
We empathize with everyone affected, and are doing our best to solve and rectify the situation.https://t.co/E9xrKbdLOy
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.
An exploit allowed a malicious actor to drain funds from a number of wallets on Solana. As of 5am UTC approximately 7,767 wallets have been affected.
The exploit has affected several wallets, including Slope and Phantom. This appears to have affected both mobile and extension.
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.
More than $150 million worth of cryptocurrency was stolen from the Nomad blockchain bridge and distributed to dozens of wallets.
About $152 million was stolen from Nomad’s crosschain platform, according to PeckShield. Hackers redirected stolen money to 41 addresses, among which were seven bots, six addresses of „white“ hackers and the address of one of the intruders involved in the hack of RariCapital. Most of the stolen tokens were Wrapped Bitcoin and stablecoin USDC.
#PeckShieldAlert PeckShield has detected ~41 addresses grabbed ~$152M (~80%) in the @nomadxyz_ bridge exploit, including ~7 MEV Bots (~$7.1M), @RariCapital Arbitrum exploiter (~$3.4M), and 6 White Hat (~$8.2M). ~10% of these addresses with ENS names getting $6.1M pic.twitter.com/UUjk7ZiiKE
At the time of writing the news TVL of Nomad project is only $11,815, before the hack it was $190 million. The Nomad protocol uses the “Fraud proofs” consensus and eliminates the use of multi-signatures, validators and oracles.
Binance lost several billion in revenue after the introduction of a user verification system for withdrawals in 2021.
Compliance officials at cryptocurrency exchange Binance reported a loss of 90% of the platform's customers after it introduced a mandatory KYC system for withdrawals in 2021, according to a Coindesk article. The company lost several billion dollars because of KYC.
A year ago, Binance introduced a withdrawal limit for accounts without identity verification from 2 BTC to 0.006 BTC. According to employees, this decision cost a lot of financial losses, but the company reduced the number of illegal transactions many times over.
Representatives of the company noted that accusations of its use of VPNs by customers to evade sanctions were unfounded. A VPN does not interfere with user identification.
Apple is looking for employees with experience in Web3 application development.
Apple has an opening for a deputy creative director for content. According to the job description, his area of interest should include the Web3 field.
The candidate should have 10 years of experience in content strategy development and the ability to write creative text. In addition to Web3, he should have an interest in interactive platforms. The specialist will work in the company’s Retail Engagement and Marketing department.
CoinDesk noted that Apple also posted a vacancy for an art director with similar requirements for Web3, but later removed it.
In May 2021, the corporation had already opened a position for a business development manager with five years of experience in the cryptocurrency industry. He was to head a partner program in the “alternative payment methods” segment.
Cryptocurrency exchange Binance will sell tickets in the form of NFT for Lazio Football Club matches in the 2022/23 season.
Cryptocurrency exchange Binance has announced the sale of NFT tickets for Italian club Lazio matches in the 2022/23 season. With the tickets, fans will be able to attend the club's home games at the Stadio Olimpico, located in Rome.
Lazio points out that digital tokens can solve the problem encountered in the traditional ticketing system. With the help of NFT, the problem of speculators, the problem of counterfeit tickets, loss and damage can be solved.
NFT tickets will also give the holder a 10% discount on the purchase of merchandise in the club's store and a 20% discount on tickets for Lazio matches in the Europa League. Ticket holders will also be able to participate in fan token giveaways and access to exclusive events.
The Reality Labs division continues to report quarterly losses.
Meta Platforms’ losses in metaverse development totaled $5.77 billion for the first half of 2022, based on the company’s quarterly report.
Reality Labs recorded a loss of $2.8 billion for the second quarter, up 15% from a year ago. Reality Labs also reported revenue of $452 million for the quarter, down 35% from the first quarter of the year.
Reality Labs is a separate division of Meta Platforms, a holding company that develops projects and devices for virtual reality, augmented reality and meta-universes. Meta announced the launch of its own metaverse in 2021.
The aggregate capitalization of the cryptocurrency market has fallen below $1 trillion.
According to CoinGecko, the market capitalization at the time of writing is $1.02 trillion. But CoinMarketCap data says the global capitalization of cryptocurrencies is $981.12 billion.
Bitcoin, which has more than 39.8 % of the market, is now worth $21,332, Ethereum is worth $1,462 and has a capitalization of 17.1 %.
Earlier, analysts from Blofin reported that the U.S. stock market lost in value, while the fall of cryptocurrencies on the contrary stopped. However, things may change when the Federal Reserve rate changes in July. Analysts also told about the market sentiment - everything is stable.
At the next meeting of the Federal Reserve will tell about the increase of the key rate, which will reach 2.25-2.5%. Now it is at the level of 1.5-1.75%.
The founder of the cryptocurrency exchange Binance sued Bloomberg for defamation.
The head of the cryptocurrency exchange Binance Changpeng Zhao filed a lawsuit against Bloomberg Businessweek, accusing it of defamation. This was originally reported by Watcher Guru, after Zhao confirmed the information.
BREAKING: #Binance CEO has filed a defamation lawsuit against Bloomberg.
The lawsuit was filed in a Hong Kong court. Zhao claims that the Chinese version of Bloomberg Businessweek published defamatory and image-damaging information about the head of Binance.
According to documents seen by Decrypt, Bloomberg Businessweek China magazine titled the piece about Zhao as “Changpeng Zhao’s pyramid scheme”. Binance's lawyers also said the English-language articles also contained slander and unsubstantiated accusations.
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The comments here says it all. While most journalist at Bloomberg are good, but this time, it was bad.
The Department of Engineering at the University of Tokyo will offer a series of courses in virtual reality in late 2022.
Asahi reports that the Department of Engineering at the University of Tokyo will launch a series of curricula in late 2022 that will take place inside metaverse.
The programs will help people learn information technology, artificial intelligence and programming. School students will be introduced to metaverses and given career opportunities in this field. Students and working participants will be offered retraining opportunities.
Participants will receive a certificate upon completion of the course. The main goal of the project is to address the shortage of personnel in the digital transformation field. The authors also aim to invite as many women as possible to the courses, as there is a high shortage of women in the IT industry in Japan.
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