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Cryptocurrency Explained for Beginners
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The latest cryptocurrency news curated on a weekly basis.
Covered topics include regulation, user adoption, macroeconomy, and technology announcements.
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From September 2021 to mid-June 2022, 40 companies invested almost $6B into blockchain startups
- Samsung is the most active, having invested in 13 companies. UOB comes next with 7 investments
- Alphabet invested the largest amount of $1,506 mil
- Links
Blockchain transactions and Privacy Apps Blocked as Concerns Over Government Blockchain Censorship Continues
- U.S. cryptocurrency exchange FTX has blocked accounts that have sent coins through zk.money, a private later -2-chain provided by the Aztec Network. FTX has identified Aztec as a decentralized mixer, which is prohibited by the exchange.
- Uniswap has blocked 253 crypto addresses that have been connected to stolen funds or transaction mixing services like Tornado Cash
- Ethereum’s largest miner stopped including Tornado cash transactions over a week ago
- links
How decentralized are Cryptocurrencies? Not So Centralized in Terms of Data Centers
- 70% of the 65% of Ethereum’s nodes are hosted in data centers, making 3 major cloud providers responsible
- 95% of cryptocurrency Solana’s nodes are hosted in data centers as well, 72% of which are hosted on the same cloud providers as for Ethereum
- link
Hodlnaut Reports close to $200 Million Financial Shortfall as It Seeks Court Protection
- Hodlnaut, the company has an outstanding liability of SGD 391 million (around $281 million), compared with assets of SGD 122 million ($88 million), resulting in a shortfall of around $193 million.
- Firm had filed for creditor protection in Singapore on August 16 after losses of $187 mil when UST, Terra’s stablecoin depegged
- Hodlnaut has about 17,000 creditors and exploring options to allow customers to do limited withdrawals of 25% of deposits
- Hodlnaut is among other troubled firms like cryptocurrency exchange Zipmex (shortfall of $58mil) and crypto lender Vauld ($400 mil owned to creditors) which have also sought creditor protection in Singapore
- link:
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