The week of 04/18 in brief – News about Bitcoin and cryptocurrencies is constantly boiling. It can happen that crucial information gets lost in the daily information flow and that you miss important points. This format is there to remedy that. We return to the news of the past week in theCrypto Weekly to keep you informed about the current situation of cryptocurrencies.
News in brief
▶ The Association of Russian Banks has a grudge against self-hosted wallets. Thus, it recently called on legislators to make it illegal to possess and store cryptocurrencies on cold or hardware wallets.
▶ Tornado Cash gets censored on Ethereum. Thus, the anonymization protocol has set up a blacklist aimed at prohibiting access to addresses sanctioned by the American Office of Foreign Assets Control.
▶ A critical zero-knowledge proof flaw corrected in extremis. This impacted 7 different implementations, 4 of which are related to crypto projects. Fortunately, it was corrected in time.
▶ Coinbase unveiled its NFT platform. Entitled Coinbase NFT, it has just opened its doors to the first beta testers. In addition to allowing the purchase and sale of NFT, it also takes the form of a social network.
▶ 1inch DEX aggregator spans the Fantom Network. Therefore, the 1inch application is now available on 8 different networks, something to delight DeFi aficionados.
▶ With the opening of tax declarations in France, nothing like a good reminder. For the 3rd video in this series on taxation, we will come back to the calculation of the capital gain.
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The 5 metrics of the week
➤ $4.1 billionThose are gains in cryptocurrencies recorded by the French in 2021. This data was compiled by the company Chainalysis. Ethereum and Bitcoin are the two favored assets.
➤ $1.3 billionit is the amount held by the Ethereum Foundation in its treasury fund. This is made up of 80% ETH and 18.8% non-cryptocurrency assets.
➤ $770 millionit is the amount in BNB that was destroyed by Binance during the quarterly burn. This new reduction in supply has once again fueled the wildest estimates of the future price of the token.
➤ $820 millionit is the donation made by Terraform Labs to the Luna Foundation Guard. In total, 10 million LUNAs were distributed to the project. Many rumors believe that these funds will be used to buy BTC and guarantee the stablecoin UST.
➤ $470 millionit is the amount spent by Infinite Reality to acquire esports giant ReKT Global. This will allow the company specializing in the metaverse to offer a wider catalog of games to its customers.
Tweet of the week
Tweet of the week goes to @MoroseViee and his DeFi masterclass thread for beginners. The latter presents a series of tools and tips to help beginners get started in the ecosystem of decentralized finance.
Have a nice week on the Journal du Coin! 🙂
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