Bitcoin and Ethereum managed to flee a broader slide this week because the market briefly reclaimed a trillion greenback market capitalization. XRP, Cardano, Chainlink and Cosmos posted the most important losses among the many twenty main currencies.
The week started on crypto Twitter with Ukraine DAO—a decentralized autonomous group (DAO) that has thus far raised thousands and thousands for Ukraine’s protection and reduction work for the reason that begin of the Russian invasion—tweeting that it’s establishing “Iran DAO” to help Iranian girls, a lot of whom have been protesting towards Iran’s islamist regime for the reason that demise of activist Mahsa Amini in police custody on September 16.
That day, hacker Corben Leo made the elusive world of white hat hacking a little bit extra clear. A white hat hacker is usually a cybersecurity vigilante who finds vulnerabilities in code and exploits them, usually to be able to declare the bounty for doing so.
Additionally on Monday, a cybersecurity researcher named James Edwards printed a principle that final month’s $160 million Wintermute hack was an inside job. Edwards’s claims have but to be corroborated by different blockchain safety specialists, however some imagine it’s definitely a possibility.
On Tuesday, Cameron Winklevoss, who co-founded crypto trade Gemini together with his an identical twin Tyler, weighed in on Bitcoin’s latest decoupling from the inventory market.
Bitcoin has been remarkably resilient the previous few weeks regardless of the inventory market shedding trillions in worth. No thought if that is the underside however there’s been a curious decoupling. Are people beginning to re-examine the “catastrophe insurance coverage” thesis?
This week some large modifications occurred at crypto trade FTX. For a begin, Brett Harrison, who joined FTX US as its first president again in Might final 12 months, introduced he’s stepping down and shifting into an advisory position.
1/ An announcement: I’m stepping down as President of @FTX_Official. Over the subsequent few months I’ll be transferring my tasks and shifting into an advisory position on the firm.
Head honcho Sam Bankman-Fried tweeted farewell and sounded optimistic for FTX’s U.S. push.
Actually grateful to work with @zachdex, @_Ryne_Miller, and others to push ahead within the US; and a heartfelt goodbye to @Brett_FTX as he transitions to an advisor and FTX US transitions to its Miami HQ!
Being agile and coordinated is a core value–it’ll be nice to be collectively.
Terra CEO Do Kwon desires everybody to know he’s not feeling the warmth from both the fuzz or his personal conscience. When headlines emerged earlier this month saying a South Korean courtroom had issued an arrest warrant for him for violating capital market guidelines (whereas the Ministry of Finance was searching for to void his passport), Kwon reassured followers that he’s not on the lam.
On Wednesday, Kwon responded to rumors that he’d tried cashing out $67 million in Bitcoin a day after the warrant was issued.
What has been in all probability probably the most shocking in all that is the quantity of misinformation that will get unfold.
There isn’t a “cashout” as alleged, i havent used kucoin or okex in not less than the final 12 months, and no funds of tfl, lfg or some other entities have been frozen. https://t.co/E1cbKgoqQz
Tesla and SpaceX CEO Elon Musk is at the moment knee-deep in a lawsuit towards him filed by Twitter for making an attempt to again out of his deal to purchase the social media platform. As a part of the authorized discovery course of, courts have launched over 100 pages of correspondence between Musk and numerous others, together with Twitter’s Bitcoin loving co-founder Jack Dorsey.
Seems even CEOs need assistance with their homework typically. Twitter consumer Santosh Kumar took a cynical view of Musk’s brevity.
Why do I get thevibe that Jack is the one getting performed right here ? He sounds earnest whereas Musk comes throughout as somebody desirous to steal an thought or one thing, lol.