“Bring Back Tone Weiss” is a news podcast with the editors and friends of ForkLog about the main industry events of the week.
Issue topics: hackers are returning funds, why Changpeng Zhao’s (CZ) plan to save the market didn’t work, what’s happening c Web3-startups, Hoskinson vs. Buterin, Real USD stablecoin deposits, CommEX crypto exchange plans.
Participants: Alex K., Vasily Smirnov.
Special guest: regional director of the CommEX exchange in the Russian Federation and CIS countries Anton Toroptsev.
Stolen funds were returned to HTX
Cryptocurrency exchange HTX (formerly Huobi) returned 5,000 ETH (~$7.9 million at that time) stolen at the end of September for a hacker reward of 250 ETH (~$409,000). Justin Sun, a member of HTX’s advisory board, said the hacker “made the right choice.”
CZ’s plan didn’t work
According to a Bloomberg report, Binance CEO Changpeng Zhao failed to implement his plan to create a $1 billion fund to rebuild the industry after the collapse of the FTX exchange. According to the publication, the initiative managed to raise only $64 million.
Venture winter
This week we published material about the state of the venture capital market: the number of fundraising in Web3 startups decreased by 76% compared to last year. Investors are being more cautious, and startups are having to look for new ways to finance.
We recently wrote about what is happening with hiring in the blockchain sector against the backdrop of a decline in investment in a separate article.
Charles Hoskinson vs Ethereum
Ethereum is accused of plagiarism. Vitalik Buterin presented a new proposal for blockchain decentralization. After this, the head of Cardano, Charles Hoskinson, wrote on the social network X that the Ethereum developers “literally admitted” to copying Ouroboros.
CZ is not waiting for the explosion
Changpeng Zhao made a forecast about the Bitcoin exchange rate. In his opinion, you should not expect explosive growth of the first cryptocurrency immediately after halving: ATH will be updated a year after that.
Not so Real USD
The real estate-backed stablecoin Real USD (USDR) has lost its peg. The asset price fell by 50%.
USA is at war
In Joe Rogan’s podcast, OpenAI CEO Sam Altman said that the United States is waging a war against the crypto industry, and also expressed his commitment to the first cryptocurrency.
“I’m excited about Bitcoin. The idea of a global currency that is not under the control of any government is a super logical and important step in technological development,” he noted.
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2023-10-14 12:31:28
#CZs #plan #didnt #work #venture #winter #CommEX #ForkLog
