🔹 Ethereum developers launched a Spadina testnet, adherent to the Ethereum 2.0 “zero phase” release. The network will run for three days and will be a general rehearsal before the launch of ETH 2.0.
🔹 The Binance Exchange announced both a Launchpad token sale and Launchpool farming for Alpha Finance Lab (ALPHA).
🔹 Grayscale Investments' assets grew by 17,000 BTC last week. The size of GBTC Bitcoin trust approached 450,000 BTC or $4.7 billion.
🔹 The Eminence DeFi protocol was hacked for $15 million. The project's founder, André Kronier, who also founded the YFI protocol, received $8 million to his wallet, which he promised to refund to the victims.
🔹 Decentralized storage Filecoin, the competitor of Amazon Web Service and Cloudflare announced the launch date of their mainnet. The due date is on October 15, and the network will be launched on block 148 888.
🔹 The Block analyst Larry Cermack believes that the hackers stole almost $280 million from the Kucoin exchange, not the initial $150 million. This makes the KuCoin hack the third-largest crypto hack in history.
🔹 Ethereum developers launched a Spadina testnet, adherent to the Ethereum 2.0 “zero phase” release. The network will run for three days and will be a general rehearsal before the launch of ETH 2.0.
🔹 The Binance Exchange announced both a Launchpad token sale and Launchpool farming for Alpha Finance Lab (ALPHA).
🔹 Grayscale Investments' assets grew by 17,000 BTC last week. The size of GBTC Bitcoin trust approached 450,000 BTC or $4.7 billion.
🔹 The Eminence DeFi protocol was hacked for $15 million. The project's founder, André Kronier, who also founded the YFI protocol, received $8 million to his wallet, which he promised to refund to the victims.
🔹 Decentralized storage Filecoin, the competitor of Amazon Web Service and Cloudflare announced the launch date of their mainnet. The due date is on October 15, and the network will be launched on block 148 888.
🔹 The Block analyst Larry Cermack believes that the hackers stole almost $280 million from the Kucoin exchange, not the initial $150 million. This makes the KuCoin hack the third-largest crypto hack in history.
Bitcoin is built on a distributed digital record called a blockchain. As the name implies, blockchain is a linked body of data, made up of units called blocks that contain information about each and every transaction, including date and time, total value, buyer and seller, and a unique identifying code for each exchange. Entries are strung together in chronological order, creating a digital chain of blocks. “Once a block is added to the blockchain, it becomes accessible to anyone who wishes to view it, acting as a public ledger of cryptocurrency transactions,” says Stacey Harris, consultant for Pelicoin, a network of cryptocurrency ATMs. Blockchain is decentralized, which means it’s not controlled by any one organization. “It’s like a Google Doc that anyone can work on,” says Buchi Okoro, CEO and co-founder of African cryptocurrency exchange Quidax. “Nobody owns it, but anyone who has a link can contribute to it. And as different people update it, your copy also gets updated.”
The seemingly negative pandemic effects and resource/product shortages are encouraging and allowing organizations to innovate and change.The news of cash-rich organizations getting ready for the post-Covid growth economy is a sign of more than capital spending plans. Cash provides a cushion for risk-taking and a tool for growth.
