The week of 24/10 in brief
The news about Bitcoin and cryptocurrencies is in constant turmoil. Sometimes vital information gets lost in the daily news flow and you miss the important points. This format is here to remedy that. We take a look back at the past week’s news in the Crypto Weekly to keep you informed about the current state of cryptocurrencies.
Crypto news in brief
Twitter could integrate a native crypto wallet. The news is very rich for the network with the blue bird. Between Elon Musk’s takeover and a management that favours cryptos, Twitter is in the midst of a major transformation.
Binance is investing $500 million in Twitter. Its CEO, “CZ” confirmed this via his Twitter account.
A critical bug detected in the Lightning Network’s LND client. Fortunately, it was resolved before a user could attempt to exploit it.
NBB Smart Chain giant PancakeSwap is setting sail on Aptos. Indeed, the decentralised exchange protocol has decided to deploy an instance of its protocol on the new Layer 1.
Polkadot founder Gavin Wood is resigning. Thus, he gives up his position as CEO and becomes chief architect of the project.
Decentraland unveils its statistics after a bad buzz. Indeed, the site DappRadar presented other statistics that had been used to discredit the crypto project.
The 5 metrics of the week
➤ 215 is the number of ATMs that can buy BTC installed in Spain. This makes Spain the European leader in the field. However, the country is still far from the world leaders, Canada and the United States, which have 10 and 100 times more crypto ATMs respectively.
➤ 4, this is the number of markets paused on Compound due to the risk of attack. Indeed, following the Mango Markets attack, many lending protocols are taking precautions.
➤ 64% is the share of Ethereum blocks that comply with OFAC recommendations. A catastrophic situation for Ethereum as it creates transaction censorship at the block production level.
➤ $9.4 billion, this is the amount of Reality Labs’ losses since the beginning of the year. A major blow for the metavers section of the Meta giant.
➤ 13.7% is the share recovered by the Blur platform on the market of NFT exchange platforms. This puts it in second place behind the giant OpenSea.
Tweet of the week
Tweet of the week goes to @HIT9PROJECT and their week-long campaign to warn of a fake account posing as the zkSync project.
Have a great week on crypto prof!
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