The price of digital gold at the moment fell to the level of $ 42,000, Vladimir Putin recalled the risks of cryptocurrencies, but noted the experience of other countries in this direction, Jack Dorsey resigned as head of Twitter and other events of the outgoing week.
Bitcoin price dropped to $ 42,000 at the moment
On Saturday, December 4, the quotes of the first cryptocurrency at the moment dropped to the level of $ 42,000. The decline was accompanied by a large-scale liquidation in the futures market – $ 1.3 billion in long positions.
At the time of writing, digital gold is trading near $ 47,900.
Bitcoin pulled the rest of the market with it. According to CoinGecko, almost all digital assets from the top 10 in terms of capitalization closed the week in the red. An exception was the native token of the Terra blockchain protocol – LUNA. During the week, its price has increased by almost 60%.
The decline in the bitcoin rate occurred amid news about China’s largest developer Evergrande. The media reported that its founder was summoned to the government because of a warning about the lack of “guaranteed” funds to fulfill financial obligations.
Analysts at Galaxy Digital Research called the general nervousness over the detection of a new COVID-19 strain called omicron and the chairman’s statement as the reason for the fall in the cryptocurrency market The fed Jerome Powell on the option to accelerate the rate of reduction in the volume of bond buybacks.
Earlier, billionaire investor Louis Navelier allowed bitcoin to fall to $ 10,000. According to him, the signal for the formation of a “double top” is strengthening on the chart of the first cryptocurrency, the implementation of which may occur as the Fed normalizes monetary policy.
According to the service CoinCodexDuring the week, of the digital assets, the native utility token of the RMRK protocol has risen in price the most. Its price increased by 63%, and its capitalization reached $ 500 million.
Stronger than others fell in price token DeFi-protocol SafeMoon. SAFEMOON price decreased by 56%, capitalization amounted to $ 819 million.
The total capitalization of the cryptocurrency market was $ 2.38 trillion. Bitcoin dominance index fell to 38.4%.
Putin recalled the high risks of cryptocurrencies
Speaking at the plenary session of the Russia Calling Investment Forum, Russian President Vladimir Putin recalled the high risks of cryptocurrencies:
“As for the cryptocurrency, it is prohibited in some countries. It is not backed by anything, the volatility is high, the risks are high. I also believe that you need to listen to those who talk about high risks. “
He also noted that some countries are indeed using digital assets more and more:
“Maybe this is the future, you need to closely monitor the development of events.”
The same week, Deputy Director of Rosfinmonitoring Herman Neglyad said that the discussion on the regulation of digital asset exchangers in the Russian Federation will continue in 2022. He referred to suggestions FATF, indicating that the organization proposes either to classify them as subjects of anti-money laundering legislation with identification, or to prohibit them.
The Governor of the Irkutsk Region proposed to allocate sites for industrial mining
The head of the Irkutsk region, Igor Kobzev, expressed his readiness to provide sites for industrial mining with power lines separate from the population.
According to him, this should be done in a “civilized way”, equating the extraction of digital assets with entrepreneurial activity and setting higher electricity tariffs. By the way, the Ministry of Energy also hinted at an increase in tariffs for miners.
Jack Dorsey steps down as Twitter CEO and Square changes name to Block
On November 29, Jack Dorsey stepped down as CEO of Twitter, but remained on the board until his term expired. His place was taken by Parag Agrawal, who previously served as the company’s technical director.
At the same time, Dorsey-owned Square announced a name change to Block. The initiative was linked to the desire to reflect the growth of the structure and its commitment to blockchain projects.
Miners started leaving Kazakhstan due to problems with electricity
Mining company BitFuFu turned off the devices located in Kazakhstan due to problems with power supply in the country and began to relocate equipment in the United States. Other representatives of the industry decided to take this step as well.
The main problem was the introduction by local authorities of rationing the supply of electricity for miners due to the impending energy crisis. Due to the equipment downtime, the company decided to relocate it.
Bruno hardforks on Binance Smart Chain
On December 1, the Bruno hard fork was activated on the Binance Smart Chain at block 13,082,000.
One of the goals of the upgrade is to speed up full synchronization of nodes by more than 60%. It involves the deployment of a BEP-95 proposal with a BNB token burn mechanism similar to the Ethereum blockchain.
Journalists estimate Changpeng Zhao’s fortune at $ 90 billion
Binance CEO Changpeng Zhao topped China Caijing’s richest ethnic Chinese ranking, ahead of founders Nongfu, ByteDance (TikTok) and Tencent. The magazine estimated his fortune at 573.3 billion yuan ($ 90 billion).
It was also revealed this week that Changpeng Zhao has bought property in Dubai. The media allowed the opening of the office of the bitcoin exchange in the emirate. And, despite the fact that the head of Binance noted the continued interest in opening a head office in Singapore, he did not rule out the possibility of its founding in France or the UAE.
Badger DAO and MonoX DeFi Protocols Hacked
Badger DAO decentralized finance protocol users have reported unauthorized withdrawals. The estimated damage from the hacking exceeded $ 120 million.In the course of the incident, the centralized cryptocurrency lending platform Celsius Network could lose more than $ 50 million.
Hitherto unknown brought out Crypto assets worth $ 31 million from the MonoX platform based on Polygon. The project representatives explained that the hacker managed to raise the price of the MONO token “to the skies” with the help of a swap contract, and then purchase “all other assets in the pool” for it.
Forbes Includes 15 Crypto Industry Representatives In The “30 Under 30” In The United States
Among them are representatives from Alameda Research, Coinlist, OpenSea and many others. An innovation was the established “hall of fame”, which included Vitalik Buterin (Ethereum), Sam Bankman-Fried (FTX), Patrick Colisson (Stripe) and Vlad Tenev (Robinhood).
Hackers withdrew more than $ 150 million from the hot wallets of the BitMart bitcoin exchange
Cayman Islands-based cryptocurrency exchange BitMart has reported a hack of Ethereum and Binance Smart Chain (BSC) hot wallets. Its head, Sheldon Xia, said that hackers had withdrawn more than $ 150 million from the platform.
According to analysts PeckShield and RugDoc, the amount of damage was about $ 200 million.
The attackers systematically used the 1inch aggregator to exchange stolen tokens for ETH. They then transferred the cryptocurrency to an intermediate address, from which they sent funds to the Tornado Cash Ethereum mixer.
Ethereum mixer Tornado Cash integrates Arbitrum tier 2 solution and StarkWare launched an alpha version of StarkNet L2 scaling solution
Tornado Cash has partnered with Arbitrum to deliver the benefits of L2 solutions, including cheaper transactions and faster transactions. According to the developers, the technology stack is ready.
The StarkWare project, specializing in second-tier scaling solutions, has announced the launch of an alpha version of the StarkNet mainnet based on ZK-Rollup technology. StarkWare solutions use dYdX, DeverxiFi, Sorare, Immutable and other popular protocols.
Tor was blocked in Russia
Users and experts have recorded the blocking of access to the Tor network in the Russian Federation. Problems with the operation of the proxy server system appeared on December 2.
Technical expert of the public organization “RosKomSvoboda” Vadim Misbakh-Soloviev said that some providers or equipment TSPU in Moscow, they block access to the “default” Tor servers.
“So far, the use of ‘bridges’ (servers raised by users) helps. But their list is also public, so that the providers do not stop after a while to start monitoring the list of bridges and block them, ”he said.
Also on Cryplogger:
- The founder of the Silk Road darknet marketplace Ross Ulbricht will release NFT-collection.
- Adidas has announced a Metaverse collaboration with Bored Ape Yacht Club, GMoney and PunksComic.
- SoftBank has invested $ 150 million in the Zepeto metaverse platform.
- 1inch Network raised $ 175 million from Alameda Research, VanEck and other investors.
What else to read and see
Bitcoin has corrected after updating its absolute maximum at $ 69,000, since the activation of London, the Ethereum network has burned more than 1 million coins, tokens of the metaverse segment have continued to grow, and gaming platforms have attracted a significant number of users.
About this and not only – in the industry review for October. All the most important things about the cryptocurrency market for a month in one article.
On the last day of November, Cryplogger magazine prepared a calendar of important events for the next month.
DeFi indices allow investors to purchase diversified portfolios from different sets of assets in a few clicks, without resorting to fundamental analysis and periodic rebalancing. We talked about the features of these tools.
The concept of the metaverse is almost 20 years old, but only now the technology has developed enough to implement it. Cryplogger figured out how the emergence of virtual worlds will affect the society of the future.
We have prepared for you an informative quiz that will help you remember or recognize the logos and tickers of cryptocurrencies from the top 100 market capitalization rating.
In traditional digests, we have collected the main events of the week in the fields of cybersecurity and artificial intelligence.
Blockchain technology remains one of the hottest trends among financial, government and commercial organizations around the world. Cryplogger magazine offers an overview of the most interesting recent initiatives.
On November 29, Cryplogger LIVE discussed the prospects for altcoins, Jack Dorsey’s departure from Twitter, found out what the metaverse will give us in five years, and met a new news anchor.
Guests of the release:
- Alina Mukhina – host of the Cryplogger digest;
- Ton Weiss – trader and resident of Cryplogger;
- Stepan Gershuni – CEO of Credentia.
On Thursday, we met again on YouTube to discuss the NFT drop from Little Big. We talked about why the stars need non-fungible tokens and what creative solutions this NFT boom can lead to in the future.
The guests were:
- Kirill Kudryavtsev – Crypto enthusiast, Co founder of Instigators, Peppermint;
- Vsevolod Mozolev – Co-founder of Peppermint;
- Denis Davydov – Media artist, founder of the Instigators art group, creative director of the N3 Design studio.
Subscribe to Cryplogger news on Telegram: Cryplogger Feed – the entire news feed, Cryplogger – the most important news, infographics and opinions.
Found a mistake in the text? Select it and press CTRL + ENTER
The price of digital gold at the moment fell to the level of $ 42,000, Vladimir Putin recalled the risks of cryptocurrencies, but noted the experience of other countries in this direction, Jack Dorsey resigned as head of Twitter and other events of the outgoing week.
Bitcoin price dropped to $ 42,000 at the moment
On Saturday, December 4, the quotes of the first cryptocurrency at the moment dropped to the level of $ 42,000. The decline was accompanied by a large-scale liquidation in the futures market – $ 1.3 billion in long positions.
At the time of writing, digital gold is trading near $ 47,900.
Bitcoin pulled the rest of the market with it. According to CoinGecko, almost all digital assets from the top 10 in terms of capitalization closed the week in the red. An exception was the native token of the Terra blockchain protocol – LUNA. During the week, its price has increased by almost 60%.
The decline in the bitcoin rate occurred amid news about China’s largest developer Evergrande. The media reported that its founder was summoned to the government because of a warning about the lack of “guaranteed” funds to fulfill financial obligations.
Analysts at Galaxy Digital Research called the general nervousness over the detection of a new COVID-19 strain called omicron and the chairman’s statement as the reason for the fall in the cryptocurrency market The fed Jerome Powell on the option to accelerate the rate of reduction in the volume of bond buybacks.
Earlier, billionaire investor Louis Navelier allowed bitcoin to fall to $ 10,000. According to him, the signal for the formation of a “double top” is strengthening on the chart of the first cryptocurrency, the implementation of which may occur as the Fed normalizes monetary policy.
According to the service CoinCodexDuring the week, of the digital assets, the native utility token of the RMRK protocol has risen in price the most. Its price increased by 63%, and its capitalization reached $ 500 million.
Stronger than others fell in price token DeFi-protocol SafeMoon. SAFEMOON price decreased by 56%, capitalization amounted to $ 819 million.
The total capitalization of the cryptocurrency market was $ 2.38 trillion. Bitcoin dominance index fell to 38.4%.
Putin recalled the high risks of cryptocurrencies
Speaking at the plenary session of the Russia Calling Investment Forum, Russian President Vladimir Putin recalled the high risks of cryptocurrencies:
“As for the cryptocurrency, it is prohibited in some countries. It is not backed by anything, the volatility is high, the risks are high. I also believe that you need to listen to those who talk about high risks. “
He also noted that some countries are indeed using digital assets more and more:
“Maybe this is the future, you need to closely monitor the development of events.”
The same week, Deputy Director of Rosfinmonitoring Herman Neglyad said that the discussion on the regulation of digital asset exchangers in the Russian Federation will continue in 2022. He referred to suggestions FATF, indicating that the organization proposes either to classify them as subjects of anti-money laundering legislation with identification, or to prohibit them.
The Governor of the Irkutsk Region proposed to allocate sites for industrial mining
The head of the Irkutsk region, Igor Kobzev, expressed his readiness to provide sites for industrial mining with power lines separate from the population.
According to him, this should be done in a “civilized way”, equating the extraction of digital assets with entrepreneurial activity and setting higher electricity tariffs. By the way, the Ministry of Energy also hinted at an increase in tariffs for miners.
Jack Dorsey steps down as Twitter CEO and Square changes name to Block
On November 29, Jack Dorsey stepped down as CEO of Twitter, but remained on the board until his term expired. His place was taken by Parag Agrawal, who previously served as the company’s technical director.
At the same time, Dorsey-owned Square announced a name change to Block. The initiative was linked to the desire to reflect the growth of the structure and its commitment to blockchain projects.
Miners started leaving Kazakhstan due to problems with electricity
Mining company BitFuFu turned off the devices located in Kazakhstan due to problems with power supply in the country and began to relocate equipment in the United States. Other representatives of the industry decided to take this step as well.
The main problem was the introduction by local authorities of rationing the supply of electricity for miners due to the impending energy crisis. Due to the equipment downtime, the company decided to relocate it.
Bruno hardforks on Binance Smart Chain
On December 1, the Bruno hard fork was activated on the Binance Smart Chain at block 13,082,000.
One of the goals of the upgrade is to speed up full synchronization of nodes by more than 60%. It involves the deployment of a BEP-95 proposal with a BNB token burn mechanism similar to the Ethereum blockchain.
Journalists estimate Changpeng Zhao’s fortune at $ 90 billion
Binance CEO Changpeng Zhao topped China Caijing’s richest ethnic Chinese ranking, ahead of founders Nongfu, ByteDance (TikTok) and Tencent. The magazine estimated his fortune at 573.3 billion yuan ($ 90 billion).
It was also revealed this week that Changpeng Zhao has bought property in Dubai. The media allowed the opening of the office of the bitcoin exchange in the emirate. And, despite the fact that the head of Binance noted the continued interest in opening a head office in Singapore, he did not rule out the possibility of its founding in France or the UAE.
Badger DAO and MonoX DeFi Protocols Hacked
Badger DAO decentralized finance protocol users have reported unauthorized withdrawals. The estimated damage from the hacking exceeded $ 120 million.In the course of the incident, the centralized cryptocurrency lending platform Celsius Network could lose more than $ 50 million.
Hitherto unknown brought out Crypto assets worth $ 31 million from the MonoX platform based on Polygon. The project representatives explained that the hacker managed to raise the price of the MONO token “to the skies” with the help of a swap contract, and then purchase “all other assets in the pool” for it.
Forbes Includes 15 Crypto Industry Representatives In The “30 Under 30” In The United States
Among them are representatives from Alameda Research, Coinlist, OpenSea and many others. An innovation was the established “hall of fame”, which included Vitalik Buterin (Ethereum), Sam Bankman-Fried (FTX), Patrick Colisson (Stripe) and Vlad Tenev (Robinhood).
Hackers withdrew more than $ 150 million from the hot wallets of the BitMart bitcoin exchange
Cayman Islands-based cryptocurrency exchange BitMart has reported a hack of Ethereum and Binance Smart Chain (BSC) hot wallets. Its head, Sheldon Xia, said that hackers had withdrawn more than $ 150 million from the platform.
According to analysts PeckShield and RugDoc, the amount of damage was about $ 200 million.
The attackers systematically used the 1inch aggregator to exchange stolen tokens for ETH. They then transferred the cryptocurrency to an intermediate address, from which they sent funds to the Tornado Cash Ethereum mixer.
Ethereum mixer Tornado Cash integrates Arbitrum tier 2 solution and StarkWare launched an alpha version of StarkNet L2 scaling solution
Tornado Cash has partnered with Arbitrum to deliver the benefits of L2 solutions, including cheaper transactions and faster transactions. According to the developers, the technology stack is ready.
The StarkWare project, specializing in second-tier scaling solutions, has announced the launch of an alpha version of the StarkNet mainnet based on ZK-Rollup technology. StarkWare solutions use dYdX, DeverxiFi, Sorare, Immutable and other popular protocols.
Tor was blocked in Russia
Users and experts have recorded the blocking of access to the Tor network in the Russian Federation. Problems with the operation of the proxy server system appeared on December 2.
Technical expert of the public organization “RosKomSvoboda” Vadim Misbakh-Soloviev said that some providers or equipment TSPU in Moscow, they block access to the “default” Tor servers.
“So far, the use of ‘bridges’ (servers raised by users) helps. But their list is also public, so that the providers do not stop after a while to start monitoring the list of bridges and block them, ”he said.
Also on Cryplogger:
- The founder of the Silk Road darknet marketplace Ross Ulbricht will release NFT-collection.
- Adidas has announced a Metaverse collaboration with Bored Ape Yacht Club, GMoney and PunksComic.
- SoftBank has invested $ 150 million in the Zepeto metaverse platform.
- 1inch Network raised $ 175 million from Alameda Research, VanEck and other investors.
What else to read and see
Bitcoin has corrected after updating its absolute maximum at $ 69,000, since the activation of London, the Ethereum network has burned more than 1 million coins, tokens of the metaverse segment have continued to grow, and gaming platforms have attracted a significant number of users.
About this and not only – in the industry review for October. All the most important things about the cryptocurrency market for a month in one article.
On the last day of November, Cryplogger magazine prepared a calendar of important events for the next month.
DeFi indices allow investors to purchase diversified portfolios from different sets of assets in a few clicks, without resorting to fundamental analysis and periodic rebalancing. We talked about the features of these tools.
The concept of the metaverse is almost 20 years old, but only now the technology has developed enough to implement it. Cryplogger figured out how the emergence of virtual worlds will affect the society of the future.
We have prepared for you an informative quiz that will help you remember or recognize the logos and tickers of cryptocurrencies from the top 100 market capitalization rating.
In traditional digests, we have collected the main events of the week in the fields of cybersecurity and artificial intelligence.
Blockchain technology remains one of the hottest trends among financial, government and commercial organizations around the world. Cryplogger magazine offers an overview of the most interesting recent initiatives.
On November 29, Cryplogger LIVE discussed the prospects for altcoins, Jack Dorsey’s departure from Twitter, found out what the metaverse will give us in five years, and met a new news anchor.
Guests of the release:
- Alina Mukhina – host of the Cryplogger digest;
- Ton Weiss – trader and resident of Cryplogger;
- Stepan Gershuni – CEO of Credentia.
On Thursday, we met again on YouTube to discuss the NFT drop from Little Big. We talked about why the stars need non-fungible tokens and what creative solutions this NFT boom can lead to in the future.
The guests were:
- Kirill Kudryavtsev – Crypto enthusiast, Co founder of Instigators, Peppermint;
- Vsevolod Mozolev – Co-founder of Peppermint;
- Denis Davydov – Media artist, founder of the Instigators art group, creative director of the N3 Design studio.
Subscribe to Cryplogger news on Telegram: Cryplogger Feed – the entire news feed, Cryplogger – the most important news, infographics and opinions.
Found a mistake in the text? Select it and press CTRL + ENTER
