The week of 08/15 in brief – The news about Bitcoin and cryptocurrencies is constantly boiling. 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 thenews from the past week‘Crypto Weekly to keep you informed about the current situation of cryptocurrencies.
Crypto news in brief
▶ The resistance is organized in the Tornado Cash case. After being targeted by the US Treasury, many sanctions fell on the Tornado Cash protocol. Now, Coin Center is joining the case to defend the protocol.
▶ Nope, The Merge will not reduce fees on Ethereum. Thus, the Ethereum Foundation is trying to put an end to this myth surrounding the transition to Proof of Stake.
▶ Acala’s aUSD victim of an attack. A flaw in a pool has allowed attackers to create billions of aUSD tokens from scratch. Fortunately, the situation was brought under control.
▶ New hard fork for Monero. In practice, this update allows the protocol to once again improve the robustness of the confidentiality of its transactions.
▶ Slope named as culprit of Solana ecosystem hack. Thus a flaw in the wallet would have allowed an attacker to siphon off more than 10,400 user wallets.
▶ During the PICS summit, Benoit was able to interview Axel Sabban in a video format rich in tax information.
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The 5 metrics of the week
➤ 37,000it’s about number of decentralized applications that have been deployed on the Polygon network. With these applications, Polygon ranks 5th among DeFi blockchains in terms of total value locked in its ecosystem.
➤ $350,000it’s the amount that was stolen from Velodrome Finance. A member of the team used one of the multisig, before being identified and ousted from the project.
➤ $155 millionit’s about amount lost by the Caisse de depot et placement du Québec in the Celsius case. Indeed, it even wrote off this investment from its balance sheet, judging that it would never be recovered.
➤ $32 millionit’s the amount allegedly stolen from the Brazilian exchange BlueBenx. A surprising situation that leaves users perplexed. Some even cry lies.
➤ $1.5 billionit’s about amount invested by Alphabet, the parent company of Google in the blockchain ecosystem. This makes the company the biggest investor in this ecosystem.
Tweet of the week
Tweet of the week goes to @Oak_en and his thread on the Tornado Cash affair.
Have a nice week on the Journal du Coin! 🙂
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