The Moons bridge to Arbitrum Nova has been deprecated. Accordingly, admins are reportedly planning to burn 4.77m Moons next week.
Admins’ stand following the deprecation of Arbitrum bridge
The Moons’ admins plan to burn 4.77m moons next week.
This list represents the share of Moons that wasn’t bridged to Nova and lay in previous networks.
About 4.1m Moons, which accounts for 90%, are locked on Rinkeby Ethereum.
The ice blizzard that passed through Texas caused domestic BTC miners to halt activities for a while.
Bitcoin miners located in Texas reportedly suffered severe disruption of their operations due to a blizzard that battered the region.
The extreme weather conditions prompted them to switch off their machines to preserve the local power grid.
As reported by Bloomberg, the ice storm that hit “the Lone Star State” damaged some of the equipment of the domestic bitcoin miners. Electricity consumption surged significantly due to the low temperatures, and those firms had to temporarily shut their businesses to protect the energy network.
In a recent Twitter thread, a developer questioned the entire idea of Bitcoin’s censorship resistance.
Bitcoin was built on the idea of offering complete censorship resistance for transactions. However, according to a Bitcoin developer, this coin is far from censorship-resistant.
The developer Luke Dashjr posted a Twitter thread raising doubts about Bitcoin’s censorship resistance, saying the network’s ” hypothetical censorship-resistance is not based on some mere hope miners won’t censor.”
As he laid down his case, Luke highlighted his problem with the Bitcoin network noting that miners can do whatever they want. For instance, he said, they (miners) cannot be expected to mine the assets or complete validations of transactions they don’t want to. Instead, miners can choose what to or not work on. Based on the developer, decentralization comes in where another miner can choose to work on what one has turned down.
The developer highlighted that a party interested in a transaction could mine it for themselves in the worst-case scenario. He added that this can change and a transaction failed to be mined in the event of a spam attack.
According to CertiK Alerts, crypto security tracker, a hacker account, “Fake_phishing7064”, recently sent funds to an Externally Owned Account(EOA) per Etherscan data. The EOA has moved over 100 ethereum (ETH) valued at $165k to Tornado Cash, a crypto mixer.
Lebanon’s paralyzing financial crisis highlights the need for a better and more reliable solution such as Bitcoin.
Lebanon is adopting a new official exchange rate, devaluing its local currency by nearly 90%. The new rate is set at 15,000 Lebanese pounds against the U.S. dollar, according to a January 31 report, which cited a statement from the country’s central bank governor, Riad Salameh.
This marks a significant shift from the old rate of 1,507 Lebanese pounds per dollar. The official Lebanese currency has been pegged to the dollar at that rate since 1997.
The headcount declined by nearly 40% during the same period.
An interim financial update revealed that the FTX Group of companies undergoing bankruptcy proceedings held $1.43 billion in cash at the end of last year.
The court filing viewed by Bloomberg showed a higher cash balance on 31st December 2022 than a $1.24 billion tally as of 20th November.
Its now-defunct sister trading company, Alameda Research, recorded a cash balance of $876.6 million versus $401 million in November.
Japan’s largest conglomerate – Toyota Motor Corporation – will sponsor the world’s first global Web3 hackathon. Polkadot’s leading parachain, Astar Network, has been roped in to make Web3 use cases for Toyota’s employees.
According to the official press release shared with Crypto Beaver, the car giant is looking to embrace the Web3 space in a bid to improve the company’s operations. The latest online hackathon is expected to serve as an initial step in the process.
As part of the event, developers from around the world are invited. The theme will be to build an intra-company DAO support tool on the Astar Network to enable anyone to create teams, issue governance tokens, and vote without requiring them to understand the details of Web3.
While the multinational automotive manufacturer could use the tools developed during the hackathon for operational transparency and efficiency purposes. Astar Network, on the other hand, will offer the necessary environment for devs and will be tasked with product development support.
The world's largest crypto briefly rose above $70,000 Friday, but immediately tumbled about 5% to below $67,000 It's deja vu all ove...
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