Results of the week: Bitcoin struck $ 20,000, and Ilon Musk closed the purchase of Twitter
Bitcoin quotes pierced the level of $ 20,000, Elon Musk closed the Twitter purchase deal, the Telegram team launched the Fragment platform for the sale of user names and other events of the outgoing week.
Bitcoin struck $ 20,000
On October 25, the price of Bitcoin broke out the level of $ 20,000 after a protracted period of extremely low volatility. The next day, the quotes tested $ 21,000, but could not gain a foothold and began to adjust them.
At the time of writing, the first cryptocurrency is traded near $ 20,650.
According to the results of the week, almost all digital assets from the TOP-10 on market capitalization were in the green zone, the exception was XRP. The price of the latter decreased by 1%.
Dogecoin showed the best dynamics – against the backdrop of Twitter acquisition, Ilon, a butter of cryptocurrency quotes, increased by almost 95%. The asset for the first time since May 2022 overcame the $ 0.1 mark, bypassing Cardano at the total cost of supply.
The total capitalization of the cryptocurrency market rose above $ 1 trillion. Bitcoin dominance index decreased to 37.5%.
The Telegram team launched the Fragment platform to sell user names
The Telegram messenger team launched the Fragment marketplace for the sale of accounting identifiers (username). It is implemented on The Open Network blockchain – the Toncoin (Ton) native cryptocurrency acts as a calculation tool.
Auctions for the most valuable user names have already begun, some of them are estimated at more than $ 100,000.
Elon Musk closed the purchase of Twitter
On October 28, the founder of Tesla, Ilon Musk, closed the Twitter purchase deal for $ 44 billion. Instead of official confirmation, he published the phrase “bird is free”. On the eve of the billionaire posted a video on which he enters the main office of the company with a sink in his hands.
The previous CEO of the social platform paragraph agrape and its financial director of Sigal Neda left the headquarters.
In parallel, Twitter developers have announced a new NFT display function in publications with the possibility of detailed information viewing, as well as buying and selling token using a special button.
Apple has limited the use of NFT in applications
The technical gigant of Apple ordered applications to exclude the use of NFT, which do not provide for the possibility of internal collection of the commission for transactions (up to 30%), and redirect the user to third -party resources.
Central Bank of Kazakhstan will test BNB Chain for its own CBDC
The National Bank of Kazakhstan intends to test BNB Chain from Binance for the deployment of the national digital currency, said CEO exchange Chanpen Zhao. In early October, the company received a license in Kazakhstan to manage a digital asset platform and the provision of castodial services on the basis of the Astana International Financial Center.
This week Binance also introduced the blockchain service service. Binance Oracle will connect decentralized BNB Chain applications with data from the real world. To date, the service has already been used by ten Dapps ecosystems.
Sam Bankman-Frida assessed the damage from compromising APIs and allowed the launch of Stablecoin from FTX
As a result of a phishing attack on the platform for algorithmic trade in 3commas cryptocurrencies and compromising a number of FTX APIs, the damage to users exceeded $ 6 million, said CEO exchange Sam Bankman-Frid.
Journalist Colin Wu said that the problem with the API leak has touched the user Coinbase Pro. On the eve of the X-Explore analytics identified the problem on Binance.US and Bittrex.
This week, Bankman-Fried also said that the crypto-rope is working on its own “stable coin”. He clarified that the company has a priority to launch Stablecoin through cooperation with a third party. The top manager did not open the details.
What to discuss with friends?
- Member of the attack on Mango Markets earned another $ 100,000 on Mango Inu Mem-Token.
- The ex-head https://gagarin.news/news/bank-of-america-crypto-market-downturns-are-likely-healthy-for-the-ecosystems-development-over-the-long-term/ of Bithumb was faced with a threat of imprisonment.
- In the United States, two KNR scouts were accused of bribing a civil servant of bitcoins.
- The loss of the META division with a focus on the meta -combat combined focus to $ 3.7 billion increased.
Core Scientific was on the verge of bankruptcy, and the difficulty of mining set a new record
Public Mining Company and Core Scientific blockchain hosting provider by the end of the year can finally exhaust reserves in the form of cash and equivalents. The company has $ 26.6 million and 24 BTC (~ $ 495,000).
Liquidity problems arose as a result of a drop in bitcoin, increase in electricity costs, hashrate growth and participation in trials on the bankruptcy of the Celsius Network Cryptolending Platform.
As a result of the next recalculation on October 24, the difficulty of mining of the first cryptocurrency increased by 3.44%, to the new maximum at the mark of 36.84 T. The average hashReit was fixed above the level of 260 eh/s.
Near Foundation will stop supporting USN stablecoin, and Huobi – Husd
Near Foundation Stableco -Wasn project will stop working due to multiple risks, including insufficient asset support. As part of the USn Protection Program, $ 40 million is allocated, which will make it possible for users to exchange a NEAR on USDT and other assets during the year.
Since October 28, Huobi cryptocurrency exchange has stopped supporting HUSD, excluding a listing coin. All users will be accrued by USDT from Tether in a ratio of 1: 1.
The Bank of Turkey will consider the possibility of launching CBDC in 2023
The program of the President of Turkey for 2023 contains a plan for preparing for the launch of a digital lira. The project was entrusted to the Central Bank, the Ministry of Finance and the Scientific and Technical Research Institute. The Central Bank will conduct research and development, as well as testing in cooperation with credit organizations.
Blockchain.Com and Bitoasis presented debit cards
Blockchain company.COM has launched a debit card in partnership with VISA, which offers KeshBek 1% in cryptocurrency. The new product is available for US residents, but in 2023 it will appear in other countries.
Bitoasis, based in the UAE of the crypto -rope, announced plans to release its own debit card in partnership with Mastercard. She will be tied to accounts. Launch is expected in 2023.
Arthur Hayes allowed China to return to crypto industry through Hong Kong
Former CEO Bitcoin-Birgi Bitmex Arthur Hayes allowed the possibility of China to return to the digital asset industry using Hong Kong.
In his opinion, reports on the plans of the Securities Commission and Futures of Hong Kong (SFC) to mitigate the requirements for the trade of cryptocurrencies are confirmed by China’s attempts to return to the digital assets market.
Earlier, South China Morning Post reporters said that SFC can allow retail investors to directly invest money in “virtual assets”.
Also on FORKLOG:
- Freeway stake platform suspended the withdrawal of funds.
- Chanpen Zhao spoke about progress in the search for the BSC Token Hub bridge cracker.
- In Moldova, cryptocurrency mining was banned due to energy criticism.
- The expert predicted the growth of the capitalization of the cryptocurrency market up to $ 300 trillion.
What else to read?
In new educational cards, they explained what the features of the SUI blockchain and how it uses DIEM achievements.
In traditional digestes, the main events were collected for a week in the areas of cybersecurity and artificial intelligence.
The cryptocurrency industry is attracted by an increasing number of institutional players. This is evidenced by new investments in infrastructure and more close attention, which companies show to bitcoin as a class of assets. The most important events of the last weeks are in the FORKLOG review.
Read the FORKLOG Bitcoin News in our Telegram-cryptocurrency news, courses and analytics.