The price of the first cryptocurrency went sideways, the third halving took place in the Litecoin network, MicroStrategy bought 467 BTC in addition, the hacker withdrew more than $60 million from Curve Finance pools and other events of the outgoing week.
Bitcoin held the level of $29,000
Quotes of the first cryptocurrency went sideways. On Tuesday, August 1, the price of bitcoin fell through the $29,000 level and then rose to $29,900.
At the time of writing, digital gold is trading at $29,000.
Hourly BTC/USDT chart on Binance exchange. Data: TradingView.
Most of the top 10 digital assets end the week in the red zone. The exception was the BNB token, which added 0.7%. XRP (-12.3%) and Solana (-7.4%) lost the most.
Data: CoinGecko.
The total capitalization of the cryptocurrency market exceeds $1.2 trillion. The Bitcoin dominance index is 50.25%.
The third halving took place in the Litecoin network
On Wednesday, August 2, the Litecoin (LTC) network halved the reward for a block mined by miners from 12.5 LTC to 6.25 LTC.
The quotes of the asset after the halving failed the level of $90. At the time of writing, Litecoin is trading at $83.
Binance LTC/USDT hourly chart. Data: TradingView.
The halving occurred at block 2,520,000. The first halving took place on August 25, 2015, and the second on August 5, 2019.
The hacker withdrew over $60 million from Curve. He has already started a refund
On July 30, an unknown person attacked Curve Finance’s stablecoin pools using a vulnerability in the Vyper code. Initially, the total loss from the hack was estimated at $47 million. According to Defi Flamethe amount increased to $61.7 million.
On August 4, the hacker returned assets totaling more than $20 million. He explained his decision not by fear of being caught, but by unwillingness to destroy the project.
What to discuss with friends?
The user moved 641 ETH purchased eight years ago. The author of the book about the OneCoin pyramid was threatened with reprisals. Grayscale explained the focus of US presidential candidates on bitcoin.
MicroStrategy buys 467 BTC for $14.4 million
Analyst software provider MicroStrategy has acquired an additional 467 BTC worth $14.4 million, according to company founder Michael Saylor.
As of July 31, MicroStrategy owns 152,800 BTC worth approximately $4.53 billion at $29,672.
The number of Binance users exceeded 150 million
Changpeng Zhao, CEO of the Binance cryptocurrency exchange, announced that he has crossed the 150 million user mark.
In July 2022, the number of clients of the trading platform reached 120 million – for the year the influx amounted to 30 million people.
Also on ForkLog:
SEC sues HEX founder
The US Securities and Exchange Commission (SEC) is suing HEX, PulseChain and PulseX founder Richard Hart for alleged sales of unregistered securities.
According to the SEC, the entrepreneur has raised more than $1 billion by selling tokens from three projects (HEX, PLS, and PLSX) since 2019. The lawsuit notes that he advertised them “as a path to grandiose wealth for investors.”
Bitcoin industry lost $303 million in July due to hackers
During July, cryptocurrency traders lost $303 million worth of digital assets as a result of exploits and hacker attacks. This is reported by CertiK experts.
In terms of the amount of damage, the most large-scale incident of the past month was the withdrawal of funds from the Multichain cross-chain protocol as a result of technical problems. The project lost about $125 million in various assets. After the arrest of CEO Zhao Jun, the platform ceased operations.
What else to read?
This week, ForkLog prepared the traditional calendar for August and the first edition of the news podcast with the editors of the magazine Bring Back Ton Weiss.
They talked about SAFT and warrant tokens, account abstraction, prepared a report from the WebX conference in Tokyo and studied statistics on methods of legalizing dirty income through the blockchain.
The traditional digest collected the main events of the week in the field of cybersecurity.
The cryptocurrency industry is attracting an increasing number of institutional players. This is evidenced by new investments in infrastructure, and the increasing attention that companies are showing to bitcoin as an asset class. The most important events of recent weeks are in the ForkLog review.
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2023-08-06 16:57:14
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