May 6, 2024

Crypt. August 29 results

Crypt. August 29 results

  • The Wall Street Journal states that Tether's reserves are in such a position that the fall in the value of its reservesassets even by 0.3% can make the company technically insolvent.
  • Binance will suspend depositing and withdrawing funds on the Ethereum network on August 31 at 09:25 UTC - technical work will take approximately three hours.
  • Robert Kiyosaki believes that the big crisis has already arrived - now is a great time to get rich.
  • In July, the revenue of miners who work in the oil fields of the Russian Federation reached 400 million rubles - the capacity of such crypto farms is 85 MW (23% of the market).
  • FUD started around Avalanche (or maybe it's true,not yet known) - allegedly Ava labs transferred 1% of their coins to the law firm Roche Freedman to attack competitors, including Binance, Solana and others.
  • The address with 5001 BTC in the account (~$99.1 million) woke up after more than 8 years of hibernation - the user bought his coins back in 2013 for ~$3.3 million.
  • MakerDAO Founder Recommends Maximumto decouple stablecoin DAI from the influence of the dollar against the backdrop of regulatory uncertainty with Tornado Cash and USDC - offers to buy Ethereum and throw it into staking.
  • “The Wolf of Wall Street” Jordan Belfort compared small-cap cryptocurrencies to cheap stocks – only the earliest investors can capitalize on such assets.
  • The Argentine province of Mendoza has implemented a system that allows citizens to pay taxes with cryptocurrencies in full (USDT, USDC and DAI).