The blocking of Russians and the fall of bitcoin. The main events of the week
Google starts accepting payments in cryptocurrency, NFT of popular blogger devalued from $623 to $10, Binance launched a $500 million mining support project and other events of last week
Monday
Bitcoin mining difficulty rose 13.5% and broke the previous record
This is the strongest increase since May 2021. Cryptocurrency mining complexity rises as computing power increases
Canadian NFT-marketplace blocked the accounts and assets of Russians
The Dapper platform has closed the possibility to sell, change and withdraw tokens for Russian citizens. Now they can only be viewed in their personal accounts
Tuesday
Cryptocurrency exchange Bittrex was fined $29 million for violating sanctions
The platform was accused of years of violating user and jurisdiction vetting requirements
Google will start accepting cryptocurrency payments
By integrating the services of one of the largest crypto exchanges, some customers of the digital giant will be able to pay with virtual assets for cloud services
Popular blogger's NFT depreciated from $623,000 to $10
YouTube star Logan Paul bought a non-interchangeable token in 2021 that then plummeted in value by 99%
Wednesday
Kazakhstan approved in the first reading a bill on the legalization of mining
The document will create a legal framework for the production and circulation of digital assets
Thursday
Bitcoin updated quarterly low after U.S. inflation data release
The value of the first cryptocurrency failed to hold at $18.6 thousand and continued to decline
Hackers have stolen $718 million worth of cryptocurrencies since the beginning of October
October was the most "fruitful" month for hackers in 2022, although it is not over yet
Friday
Blockchain.com wallet warned about blocking users from Russia
The company offered customers to withdraw their funds until October 27, after which the accounts will be closed
Mango protocol hacker recovered $8 million of stolen funds
The return of tokens was supposed to be decided by a vote. But the amount arrived in the crypto-platform's account before the final decision was made
Binance has launched a $500 million mining support project
The platform will provide loans for the development of the industry. The company also intends to launch cloud mining products
https://soft4bro.com/news/authorities-in-two-states-oppose-celsius-plan-to-sell-stablecoin
https://soft4bro.com/news/will-the-eths-merge-actually-put-btc-into-the-ground
https://soft4bro.com/news/the-draft-law-on-mining-and-bitcoin-at-21-thousand-the-main-events-of-the-week
https://soft4bro.com/news/us-authorities-speak-out-against-free-token-giveaways
https://soft4bro.com/news/conflux-hardfork-and-the-launch-of-the-lambda-core-network
https://soft4bro.com/news/how-scientists-want-to-improve-ethereum