The week of 10/23 in brief. The news concerning Bitcoin and cryptocurrencies is constantly in flux. It can happen that vital information gets lost in the daily flow of information and that you miss important points. This format is here to remedy that. We return to the news from last week in‘Weekly Crypto in order to keep you informed on the current situation of cryptocurrencies.
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The unmissable local
THE trial of Sam Bankman-Fried, founder of the defunct FTX exchange platform, is at the heart of crypto news. This week was marked by the testimony of Sam Bankman-Fried himself.
Le Journal du Coin continues to follow the case closely and has put together a full summary of this second week of hearing from October 23 to 27.
🔴 LIVE – Follow the trial of Sam Bankman-Fried (SBF), the founder of FTX
Crypto news in brief
▶ Coinbase rules that the SEC exceeds the limits of its jurisdiction. Thus, the exchange platform wishes to cancel its lawsuit against the SEC, justifying that its authority is limited to securities transactions.
▶ The dYdX platform reveals the source code of the dYdX Chain. As a reminder, dYdX is leaving the Ethereum ecosystem in favor of that of Cosmos, to create its own chain.
▶ Polygon 2.0 is underway. Thus, the Polygon teams announced the deployment of the POL token, which replaces the MATIC token.
▶ Binance terminates its Binance Card in Europe. Thus, users have until December 20 to take advantage of their crypto payment card.
▶ A flaw discovered on Bitcoin’s Lightning Network. Although it is legitimate, some observers consider it less critical than initially presented.
▶ Three potential buyers want to recover the ruins of FTX. Therefore, a buyout offer will probably be announced before December 16.
▶ Ripple has been facing the SEC in a never-ending legal battle for several years now. A look back at this affair which could change the ecosystem.
The 5 metrics of the week
➤ 74%it’s here Bitcoin price increase prediction after Spot ETF approval. Charles Yu of Galaxy Digital bases his estimates on data from the arrival of Spot ETFs on the gold market.
➤ 7,000 BTCit’s about amount held by the former CTO of Ripple on a key for which he lost the password. Thus, the company Unciphered offered to help him recover his hundreds of millions of dollars.
➤ 6 million dollarsit’s the amount raised by Nocturne Labs from investors such as Vitalik Buterin or Bankless Capital. The company offers an anonymity protocol on Ethereum.
➤ 650 billion dollarsit’s the amount destroyed by Uniswap founder. He thus destroyed his HayCoin tokens, which he had created as a test token and which had recently met with enthusiasm.
➤ 700 ETHit’s about amount stolen by Safereum developers. In fact, the latter carried out an exit scam by unlocking and selling an immense quantity of tokens.
Have a good week on the Journal du Coin! 🙂
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