The week of 05/22 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
▶ Will MetaMask seize your cryptos? A passage in MetaMask’s terms of service led some users to believe that the company could seize their cryptocurrencies. Since then, it has clarified the situation.
▶ Governance Attack on Tornado Cash. The mixing protocol was the target of an attack that allowed the hacker to pass a fraudulent proposal to the governance.
▶ Ripple gets into central bank digital currencies. This will be done through Ripple CBDC, a platform specialized in the creation of this type of tokens.
▶ Vitalik warns of several risks inherent in DeFi. This points in particular to the ultimate Oracles, restaking between protocols or even the scalability of L2 vis-à-vis L1.
▶ The Strike app continues its mission to democratize the Lightning Network. Thus, the company announced a launch in 65 new countries as well as the integration of the USDT stablecoin.
▶ Faced with the controversy surrounding its “Recover” update, Ledger backs down. In addition, the company has decided to open up more widely to open source.
▶ Bitcoin price analysis video, to understand the market.
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The 5 metrics of the week
➤ 70%it’s about the decline recorded by hacks in the first quarter of 2023. Indeed, 400 million dollars were stolen against nearly 1.5 billion at the end of 2022.
➤$7.7 billionit’s the amount in ETH that has been deposited in staking since the opening of withdrawals. Thus, fears around a potential massive ETH leak seem to have been dismissed.
➤ $6 millionit’s about amount stolen by Scam as a Service Inferno Drainer. It carries out phishing attacks, targeting popular brands and cryptocurrencies.
➤ 30%it’s about the fall recorded by the MULTI token following numerous rumors. Indeed, delays in the service have led Internet users to consider a failure on the cross-chain bridge.
➤ $4.4 millionit’s the amount frozen by the Binance exchange platform. These funds are said to be linked to North Korean cybercriminals. This freezing was carried out in collaboration with the American authorities.
Have a nice week on the Journal du Coin! ?
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