The week of 05/16 in brief – News about Bitcoin and cryptocurrencies is constantly boiling. It can happen that crucial information gets lost in the daily information flow and that you miss important points. This format is there to remedy that. We return to thenews from last week I’Crypto Weekly to keep you informed about the current situation of cryptocurrencies.
Crypto news in brief
▶ The Merge update hits the testnet on June 8. Thus, the long-awaited transition to proof of stake will be deployed on the Robsten testnet, suggesting a deployment on the mainnet at the end of 2022.
▶ Axie Infinity victim of a Discord hack. The project’s Discord server was corrupted and the attacker posted several phishing messages.
▶ Aave unveiled Lens, its social networking protocol. It is intended to be decentralized, open source and wishes to allow users to regain control over their data.
▶ Do Kwon in the sights of financial regulators. Thus, South Korea issued a request for an investigation of the co-founder of Terra Luna, following the crash of the UST and the LUNA.
▶ The digital euro could arrive by 2026. This is at least what a member of the executive board of the European Central Bank said.
The 5 metrics of the week
➤ $291 millionit’s here sum requested by the liquidators of the Ponzi scheme “Mirror Trading International (MTI)”. This Ponzi had been called the biggest Bitcoin scam of 2020.
➤ $3 billionit is the amount of Bitcoin sold by the Luna Foundation Guard in an attempt to channel the fall of the UST. These BTCs were sold on the Binance and Gemini platforms.
➤ 7.6%it is the number of Robinhood shares that Sam Bankman-Fried bought, the CEO of FTX. In total, this represents 56 million Robinhood shares.
➤ 15%it is the share of global GDP that cryptocurrencies will represent in 2042. At least that is the opinion of Brian Armstrong, the CEO of Coinbase.
➤ 20%it is China’s share of Bitcoin mining. However, cryptocurrency mining has been a prohibited activity since mid-2021.
Tweet of the week
The rollout of The Merge on Ethereum will likely happen before September, according to Justin Drake, one of the researchers employed by the Ethereum Foundation.
Have a nice week on the Journal du Coin! 🙂
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