Welcome to our Monday #DIGEST
HAWEX ed.
1️⃣
The crypto robbery done on the next level:
A hacker stole $$ from clients making deposits on Bitcoin ATMs.
How did that happen? 👇
A hacker stole crypto funds from customers making deposits at General Bytes Bitcoin ATM machines.
Dude modified the crypto settings of two-way machines with his wallet settings and the invalid payment address setting.
2️⃣
Developers & family protest arrest of Tornado Cash developer in Amsterdam.
a) Tornado Cash developer Alexey Pertsev was arrested last week following the advent of US sanctions against the protocol.
b) A group of about 50 crypto and privacy advocates are protesting the arrest of Tornado Cash developer in Dam Square, Amsterdam.
HAWEX 💭: The coming weeks will pose a test for the legal parameters placed around code, in a case that is likely to set precedents for the industry on multiple levels.
following this topic ☝️
3️⃣
Cardano founder says that banning Tornado Cash sets a dangerous regulatory precedent & could be a violation of free speech.
He adds: "Basically, they(legal party) are asserting that software developers are accountable for how their software is used regardless of whether they can control that or not"
HAWEX 💭: Regulators may be overreaching by sanctioning Tornado Cash that much even though its developer never participated in its use or told others how to use it.
4️⃣
US, Ukraine, and UK lead in overall use of crypto globally.
The study suggests that the 🇺🇸 ranks top globally in the overall use of cryptocurrencies, scoring 7.75 out of 10.
🇺🇦 ranks second with a score of 5.96, followed by the 🇬🇧 at 5.79.
HAWEX 💭: score is based onthe number of crypto owners in a country, the global DeFi adoption index, the number of businesses that allow crypto payments, the number of Bitcoin ATMs, and the monthly search volume of cryptocurrency terms.
5️⃣
“Triple Halvening” is coming.
Is it "a+b+c", "~90% off", or both? 👇
a) EIP-1599 fee burn aka “the London hard fork" = instead of giving all of transaction fees to validators, London hard fork took them out of circulating supply (~30% of transaction fees removed).
b) Ethereum issuance will decrease. According to former blockchain engineer Montana Wong, the net ETH issuance per year will drop from 4.3% to 0.4%. This equals ~ 1500 ETH daily.
c) ETH staking aka lock-up (secret word: George) period. There are currently 14.04M staked ETH, making up about 11% of the total ETH supply.
HAWEX 💭: at the end, gas fee is going down and miners become obsolete and are replaced by validators.
Top-3:
🥇 BTC — $23,233
🥈 ETH — $1,567
🥉 BNB — $295