Cryptocurrency
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- grafician1
How it all went down with Alameda and FTX for months:
"1/ I found evidence that FTX might have provided a massive bailout for Alameda in Q2 which now came back to haunt them.
40 days ago, 173 million FTT tokens worth over 4B USD became active on-chain.
A rabbit hole appeared"
Thread:
- grafician-6
"Ethereum Faces Chain Split as Node Operators Fail to Update Geth Hotfix
Geth is the most relied upon software to connect to the Ethereum blockchain."
"Ethereum is experiencing a chain split due a number of network validators, also called nodes, failing to upgrade their software.
On Aug. 24, the developer team behind the popular Ethereum software client Geth released an emergency hotfix to a security vulnerability in its code that would have prevented certain users from producing blocks.
The Go Ethereum team had disclosed a vulnerability on Aug. 18, saying they would release a patch, but did not specify the exact nature of the vulnerability in an effort to prevent an attack:"
- teh0
- AQUTE3
One large orgy fucked by some uglies.
- neverscared1
Tesla has cashed out most of its bad bitcoin bet
https://www.businessinsider.com/…
makes since before it goes to the next fulminant nosedive.
- sted3
PayPal launches crypto buying and selling in the UK
- grafician1
"A South Korean court has issued an arrest warrant for Do Kwon, the primary developer of cryptocurrencies Luna and TerraUSD, whose spectacular collapse in May roiled crypto markets around the world."
"TerraUSD, a so-called stablecoin that was once among the top 10 cryptocurrencies globally by market value, broke its 1:1 peg to the US dollar in May, plunging in value and sending paired token Luna plummetting with it.
According to blockchain analytics firm Elliptic, investors in the two coins lost an estimated $42 billion.
The market turmoil that ensued led to the failure of several major crypto companies including US crypto lender Celsius and Singapore-based crypto fund manager Three Arrows Capital."
- PonyBoy2
coinbase is hiring... all remote:
https://www.coinbase.com/careers…
https://www.coinbase.com/careers…
- grafician-9
So USDC is turning into the new Tether...
https://www.coindesk.com/circle-…
"The question of USD Coin’s approved investments has only gotten more pressing as it has grown. Back in early 2020 when it first began to buy approved investments, Circle had issued only $400 million in USD Coins. But now there are about $25 billion USD Coins in circulation. That’s a lot. It’s almost as big as PayPal."
"Also concerning is the steady slowing down in the publication of Circle’s attestation reports, as first recounted by Andrew Rennhack. Last year, Circle would typically publish its USD Coin reports 15 days or so after the end of a month. Now reports are appearing on Circle’s website almost two months late. Circle’s most recent USD Coin attestation report dates to April 30, more than two months ago."
"Finally, Circle recently stopped disclosing the precise amount of U.S. dollars it holds in custody, as reported by Doomberg. Circle probably has good reasons for doing so, but why didn’t it disclose those reasons in its USD Coin attestation report?"
- neverscared-1
https://twitter.com/ginnyhogan_/…
cryptocoin comedy the next new thing...
- Nairn1
"All the money was always gone".
- babydick_2
Vladimir Putin Bans Digital Payments in Russia.
So sad.
- Krassy1
Infrastructure Bill’s Cryptocurrency Measures require anyone handling cryptocurrency transactions to report gross proceeds to the Internal Revenue Service, along with the names and addresses of the parties.
- grafician-7
Live updates from the hearings here:
- grafician-5
Prices, past 24 hours.
Bitcoin: -13%
Ethereum: -16%
XRP: -6.6%
Stellar: -15%
Cardano: -19%
Dogecoin: -18%