Authorities in Singapore confirm that Kwon is no longer in-country, while he maintains that he’s not “on the run.” Source
S. Korean Authorities Ask Interpol to Issue Red Notice for Terra Co-Founder Do Kwon: Report
Day: September 19, 2022
What is Arbitrum Nova? Social & gaming blockchain (Arbitrum One, Ethereum Layer 2)
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Arbitrum One, one of the biggest Layer 2 blockchains on Ethereum has launched a new chain catered to social and gaming applications – meet Arbitrum Nova! What is Arbitrum Nova? Faster and cheaper than both Ethereum and Arbitrum One, Arbitrum Nova is a perfect fit for blockchain games and social apps. Popular social site Reddit has chosen Arbitrum Nova as its blockchain of choice to run its Reddit Community Points, which you can earn for participating in Reddit! Find out more about…
Ethereum PoW Sees ‘Replay’ Exploit For 200 ETHW Days After Rocky Start
Attackers used the Omni bridge of the Gnosis network to conduct the exploit. Some 200 weighted ether (wETH) was transferred through the bridge on Saturday, and the same transaction was replayed on the PoW chain – resulting in the attacker gaining 200 ETHW, or approximately $1,600 at the time. Source
Nigerian Inflation Rate Rises to 20.52% in August — Month-on-Month Rate Drops – Africa Bitcoin News
While Nigeria’s year-on-year inflation rose for the seventh straight month to 20.52% in August 2022, the latest data from Nigeria’s National Bureau of Statistics shows that the month-on-month rate declined from 1.82% to 1.77% during the same period. The depreciation of the local currency, disruptions in the supply of food products, and an increase in the costs of production are said to be the factors behind the latest increase. Currency Depreciation Driving Inflation According to the latest data from Nigeria’s National Bureau of Statistics (NBS), the West African country’s headline…
Ava Labs President on the Ethereum Merge
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ava Labs President John Wu joins Emily Chang and Bloomberg’s Sonali Basak to discuss the impact of the Ethereum Merge on other blockchains, the macro environment and crypto winter, and why he thinks bridges will become increasingly important in a tokenized world. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Samsung Named Most Active Investor in Crypto and Blockchain Startups – Finance Bitcoin News
Between September 2021 and mid-June 2022, Samsung invested in 13 crypto/blockchain companies thus making the South Korean corporation the most active among the top 40 corporations. Google’s parent Alphabet firm, on the other hand, tops the category of top corporations that participated in the biggest funding rounds. 40 Corporations Invest $6 Billion According to the research firm Blockdata’s analysis of investments in blockchain and crypto startups by top corporations between September 2021 and mid-June 2022, the South Korean electronics giant Samsung was the most active having invested in 13 companies.…
EVGA to Stop Making Graphics Cards After Ethereum Merge
While Nvidia and AMD design the GPU that sits on the board, the actual card itself that slots into a computer is built by by third-parties such as EVGA, Asus, MSI, and Gigabyte. This is done to separate this low-margin business from the high-margin business of designing the actual chips. Source
Australian senator drafts bill aimed at stablecoin, digital yuan regulation
Australian Liberal Senator Andrew Bragg has released a new draft bill aimed at clamping down on digital asset exchanges, stablecoins, and China’s central bank digital currency, the e-Yuan. In a statement on Sept. 18, Senator Bragg stated that “Australia must keep pace with the global race for regulation on digital assets” as “it is essential that the parliament drives law reform” on the matter. The new draft bill, titled Digital Assets (Market Regulation) Bill 2022, calls for the introduction of licenses for digital asset exchanges, digital asset custody services, stablecoin issuers,…
Decentralized exchange GMX suffers $565K price manipulation ‘exploit’
Decentralized exchange (DEX) GMX has reportedly suffered a price manipulation exploit from an exploiter who managed to make off with around $565,000 from the AVAX/USD market. The unidentified exploiter is understood to have capitalized on GMX’s “minimal spread” and “zero price impact” features to pull off the exploit, which impacted GLP token holders who provided liquidity in the form of AVAX (the Avalanche token) to GMX. GMX confirmed the price manipulation exploit in a Sept. 18 post on Twitter, but stated that the AVAX/USD market would remain open despite imposing…
Sports sponsorship is helping legitimize crypto in Australia — Coinjar exec
The sponsorship of high-profile sports and teams may be key to legitimizing the crypto industry to the general masses, according to Luke Ryan, Head of Content at Australian crypto exchange CoinJar. In May 2021, the exchange became the first crypto company in Australia to sponsor an Australian Football League (AFL) club by partnering with the Melbourne Demons. Speaking to Cointelegraph at the Australian Crypto Convention on Sept. 18, Ryan remarked the AFL partnership changed the discussion around cryptocurrency in the country and that “it gives cryptocurrency a bigger sense of…