💰 Huobi allegedly transfers 74M tokens to Justin Sun, HT up 7.7%
Tron founder Justin Sun has reportedly received 74 million HT tokens from Huobi’s official wallets. On Oct. 14, Sun told Bloomberg News that he owns “tens of millions of Huobi tokens. He confirmed to be one of the biggest holders of the HT tokens. Shortly after the Bloomberg report, WuBlockchain revealed that Huobi’s official wallets transferred 74 million to wallets linked to the Tron founder. On Oct. 13, Justin Sun’s Poloniex exchange interacted with two of Huobi’s wallets that transferred 32 million and 42 million HT tokens to two new addresses. WuBlockchain alleged that the transferred tokens may be linked to Huobi’s acquisition deal, which Justin Sun allegedly facilitated.
Tron founder Justin Sun has reportedly received 74 million HT tokens from Huobi’s official wallets. On Oct. 14, Sun told Bloomberg News that he owns “tens of millions of Huobi tokens. He confirmed to be one of the biggest holders of the HT tokens. Shortly after the Bloomberg report, WuBlockchain revealed that Huobi’s official wallets transferred 74 million to wallets linked to the Tron founder. On Oct. 13, Justin Sun’s Poloniex exchange interacted with two of Huobi’s wallets that transferred 32 million and 42 million HT tokens to two new addresses. WuBlockchain alleged that the transferred tokens may be linked to Huobi’s acquisition deal, which Justin Sun allegedly facilitated.
📶 After the initial supply of 200,000,000 #BNB, the amount of coins in circulation gradually decreased through quarterly and BEP-95 burns.
The burn event will occur until 50% of the total supply is exhausted to reach the BNB burn target of 100,000,000.
The burn event will occur until 50% of the total supply is exhausted to reach the BNB burn target of 100,000,000.
🇮🇳 India aims to develop crypto SOPs during G20 presidency, says finance minister
The finance minister of India, Nirmala Sitharaman, revealed India’s plan to develop standard operating procedures (SOPs) for cryptocurrencies during its G20 presidency, from Dec. 1, 2022, to Nov. 30, 2023. Sitharaman has previously called for global collaboration to decide on crypto's future and has been cautious against mainstream crypto adoption.
The finance minister of India, Nirmala Sitharaman, revealed India’s plan to develop standard operating procedures (SOPs) for cryptocurrencies during its G20 presidency, from Dec. 1, 2022, to Nov. 30, 2023. Sitharaman has previously called for global collaboration to decide on crypto's future and has been cautious against mainstream crypto adoption.
📣 The XRP Ledger tests first sidechain compatible with Ethereum apps.
The XRP Ledger is testing its Ethereum Virtual Machine (EVM) sidechain that aims to bring Ethereum smart contracts to the XRP Ledger, the blockchain’s core development team RippleX announced.
The sidechain, a parallel-running blockchain, will bring Ethereum-based smart contracts to XRP Ledger, a blockchain associated with cross-border payments firm Ripple.
While the XRP Ledger already supports native smart contracts, the network does not currently support the Ethereum Virtual Machine (EVM), a computing environment commonly used by Ethereum developers to write applications.
The XRP Ledger is testing its Ethereum Virtual Machine (EVM) sidechain that aims to bring Ethereum smart contracts to the XRP Ledger, the blockchain’s core development team RippleX announced.
The sidechain, a parallel-running blockchain, will bring Ethereum-based smart contracts to XRP Ledger, a blockchain associated with cross-border payments firm Ripple.
While the XRP Ledger already supports native smart contracts, the network does not currently support the Ethereum Virtual Machine (EVM), a computing environment commonly used by Ethereum developers to write applications.
📣 Aptos’s Layer 1 mainnet has gone live
Solana developers have been frustrated on its network, and are exploring moving over to Aptos, which is one of the most anticipated Layer 1 launches. The blockchain, founded by former Meta employees, has also attracted the attention of FTX Ventures, which led a $150 million raise for Aptos in July. Aptos has had its first transactions on mainnet, although they are mostly maintenance messages by validators. User transactions are expected to begin on Oct. 18. Aptos originated from the Facebook blockchain initiative Libra. The most talked about aspect of Aptos compared to other blockchains is its Move coding language, which is supposedly more developer-friendly and offers safeguards for asset management.
Solana developers have been frustrated on its network, and are exploring moving over to Aptos, which is one of the most anticipated Layer 1 launches. The blockchain, founded by former Meta employees, has also attracted the attention of FTX Ventures, which led a $150 million raise for Aptos in July. Aptos has had its first transactions on mainnet, although they are mostly maintenance messages by validators. User transactions are expected to begin on Oct. 18. Aptos originated from the Facebook blockchain initiative Libra. The most talked about aspect of Aptos compared to other blockchains is its Move coding language, which is supposedly more developer-friendly and offers safeguards for asset management.
Binance will launch a cloud mining pool in November.
The new platform was created for those who do not plan to invest in equipment, purchasing hashrate for speculative mining of cryptocurrencies.
Binance expects that at the time of the launch of the cloud pool, the market will enter a protracted growth phase, which will provide an influx of customers for the new service.
Apparently, the company does not plan to purchase its own equipment, as competitors do. We are talking about the resale of the hashrate of large farms. Such contracts will help to conclude the presence of a fund of half a trillion dollars allocated by Binance to support miners.
The new platform was created for those who do not plan to invest in equipment, purchasing hashrate for speculative mining of cryptocurrencies.
Binance expects that at the time of the launch of the cloud pool, the market will enter a protracted growth phase, which will provide an influx of customers for the new service.
Apparently, the company does not plan to purchase its own equipment, as competitors do. We are talking about the resale of the hashrate of large farms. Such contracts will help to conclude the presence of a fund of half a trillion dollars allocated by Binance to support miners.
ZkSync to launch on mainnet this month
One of the largest debates in the industry is how Ethereum will scale, and which methods or technologies will be the most successful. As a result, zkSync's launch will be a pivotal moment for Ethereum, as it’s the first time zkSync’s novel scaling approach will be stress-tested in a live environment.
One of the largest debates in the industry is how Ethereum will scale, and which methods or technologies will be the most successful. As a result, zkSync's launch will be a pivotal moment for Ethereum, as it’s the first time zkSync’s novel scaling approach will be stress-tested in a live environment.
💰 FTX API keys connected to 3Commas confirmed to have been exploited
An investigation conducted by trading-bot platform 3Commas and cryptocurrency exchange FTX revealed that API keys linked to the former were used to conduct unauthorized trades for DMG trading pairs on the latter.
The 3Commas team was alerted to the incident on Oct. 20, when various FTX API keys connected to the platform were used to perform unauthorized trades. Through an investigation, the 3Commas team discovered multiple fake websites claiming to be 3Commas were used to phish information by tricking users into connecting their exchange accounts to fraudulent web interfaces.
Source
An investigation conducted by trading-bot platform 3Commas and cryptocurrency exchange FTX revealed that API keys linked to the former were used to conduct unauthorized trades for DMG trading pairs on the latter.
The 3Commas team was alerted to the incident on Oct. 20, when various FTX API keys connected to the platform were used to perform unauthorized trades. Through an investigation, the 3Commas team discovered multiple fake websites claiming to be 3Commas were used to phish information by tricking users into connecting their exchange accounts to fraudulent web interfaces.
Source
🪙 Filecoin releases content delivery network called Saturn
The developers of decentralized storage project Filecoin have launched a content delivery network called Saturn. The goal is to help the network meet content bandwidth for decentralized apps and make it cheaper to run Filecoin nodes. Filecoin has launched a new data delivery network called Saturn.
Content delivery networks make up a substantial portion of the internet helping websites quickly retrieve information. Specifically, Saturn is a series of interlinked servers that will help in pulling or retrieving content for decentralized apps. It complements the main data storage layer on Filecoin, said Protocol Labs, the development firm behind Filecoin, which started building it in the first half of 2022. Protocol Labs says it’s made the network more accessible to public contributors.
Source
The developers of decentralized storage project Filecoin have launched a content delivery network called Saturn. The goal is to help the network meet content bandwidth for decentralized apps and make it cheaper to run Filecoin nodes. Filecoin has launched a new data delivery network called Saturn.
Content delivery networks make up a substantial portion of the internet helping websites quickly retrieve information. Specifically, Saturn is a series of interlinked servers that will help in pulling or retrieving content for decentralized apps. It complements the main data storage layer on Filecoin, said Protocol Labs, the development firm behind Filecoin, which started building it in the first half of 2022. Protocol Labs says it’s made the network more accessible to public contributors.
Source
⚪️HUSD stablecoin sharply loses peg even further, drops to just $0.30.
The HUSD stablecoin has dropped by 60% over the last few hours and is now worth just $0.30. This comes just days after the stablecoin was delisted from crypto exchange Huobi, which it was associated with.
The stablecoin was trading below the peg since Oct. 28 and sat at around $0.76 over the weekend. At 4 a.m. this morning, it sharply plummeted to a low of $0.28 before bouncing slightly.
👉🏻 This comes after the stablecoin was delisted on Huobi❗️
The HUSD stablecoin has dropped by 60% over the last few hours and is now worth just $0.30. This comes just days after the stablecoin was delisted from crypto exchange Huobi, which it was associated with.
The stablecoin was trading below the peg since Oct. 28 and sat at around $0.76 over the weekend. At 4 a.m. this morning, it sharply plummeted to a low of $0.28 before bouncing slightly.
👉🏻 This comes after the stablecoin was delisted on Huobi❗️
🟠 Binance CEO says he wants to help Elon Musk ‘bring Twitter into Web3’
Changpeng Zhao, commonly known as “CZ,” the founder and CEO of Binance, the world’s largest cryptocurrency exchange by trade volume, has revealed that he is willing to help the new owner of Twitter (NASDAQ: TWTR) Elon Musk, bring the social media platform into Web3.
Changpeng Zhao, commonly known as “CZ,” the founder and CEO of Binance, the world’s largest cryptocurrency exchange by trade volume, has revealed that he is willing to help the new owner of Twitter (NASDAQ: TWTR) Elon Musk, bring the social media platform into Web3.
📣 MoneyGram app adds bitcoin, ether and litecoin crypto trading tools
MoneyGram, a publicly traded peer-to-pay payments company, has added crypto investment tools to its mobile app as fellow fintech firms bolster offerings in the sector. Available in the majority of U.S. states today, users are now able to buy, sell and hold bitcoin, ether and litecoin, the company said in a statement. The move follows previous forays into crypto by the company, which recently partnered with Stellar to enable payment settlements and local currency payouts using USDC.
MoneyGram, a publicly traded peer-to-pay payments company, has added crypto investment tools to its mobile app as fellow fintech firms bolster offerings in the sector. Available in the majority of U.S. states today, users are now able to buy, sell and hold bitcoin, ether and litecoin, the company said in a statement. The move follows previous forays into crypto by the company, which recently partnered with Stellar to enable payment settlements and local currency payouts using USDC.
👀 FTX is in deep trouble :
1. FTX's stablecoin reserve just reached a year-low. -93% in last two weeks!
2. FTX hourly withdrawals for ETH just hit an all-time high.
3. FTT token reserve across all exchanges reached an all-time high.
💰 Binance is selling half a billie worth of $FTT tokens due to claims "FTX was lobbying against other industry players in secret."
1. FTX's stablecoin reserve just reached a year-low. -93% in last two weeks!
2. FTX hourly withdrawals for ETH just hit an all-time high.
3. FTT token reserve across all exchanges reached an all-time high.
💰 Binance is selling half a billie worth of $FTT tokens due to claims "FTX was lobbying against other industry players in secret."