Best Twitter threads of the day – August 31st

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• Crypto rug pulls soar exceeding DeFi hacks: Reports

  TL;DR Breakdown A recent Beosin report has revealed that losses resulting from rug pulls and exit scams in the crypto market surpassed those from decentralized finance (DeFi) hacks in May. The most significant rug pull occurred when the Fintoch allegedly made off with $32 million on May 24. To combat these risks, Beosin recommends that crypto users enhance their anti-fraud awareness, conduct thorough due diligence before investing, and learn how to better secure their assets. A recent report from blockchain security firm Beosin has revealed that losses resulting from rug pulls and exit scams in the cryptocurrency market surpassed those from decentralized finance (DeFi) hacks in May. Six incidents of rug pull and scams amounted to over $45 million in total losses, while 10 attacks on DeFi protocols only netted $19.7 million. This decline in DeFi losses, nearly 80% lower than in April, had been observed for two consecutive months. The most significant rug pull occurred when the crypto project Fintoch allegedly made off with $32 million on May 24. The largest attack on DeFi platform last month was a…

  Article 2023年6月6日

• F2Pool returns record $510,000 transaction fee to Paxos after costly error

  TL;DR Breakdown F2Pool, a cryptocurrency mining pool, returned a record-breaking transaction fee of 20 BTC (about $510,000) to financial technology firm Paxos, correcting an error caused by a transaction bug. The crypto community engaged in debates over the ethics of retaining or refunding the inflated fees, with mixed opinions revealed in a public poll. Paxos took full responsibility for the mistake, which only affected their corporate operations, and is working on recovering the fee through Bitcoin mining mechanisms. Description Cryptocurrency mining pool F2Pool rectifies a $510,000 transaction fee error, refunding the astronomical amount to financial technology firm Paxos. The blunder and its immediate resolution F2Pool, a leading name in cryptocurrency mining, returned a mistakenly inflated transaction fee of 20 BTC, approximately $510,000, to Paxos. The financial technology company had intended to transfer a minuscule … Read more Cryptocurrency mining pool F2Pool rectifies a $510,000 transaction fee error, refunding the astronomical amount to financial technology firm Paxos. The blunder and its immediate resolution F2Pool, a leading name in cryptocurrency mining, returned a mistakenly inflated transaction fee of 20 BTC, approximately $510,000,…

  Article 2023年9月15日

• Oman’s MTCIT unveils massive $350 million Bitcoin mining facility in Salalah Free Zone

  TL;DR Breakdown The MTCIT in Oman has inaugurated a cutting-edge Bitcoin mining and data hosting facility in the Salalah Free Zone, valued at around $350 million. Exahertz International oversees the construction of these advanced mining centers. Kyrgyzstan has initiated a crypto mining venture adjacent to the Kambar-Ata-2 Hydro Power Plant, investing $20 million and leveraging sustainable hydroelectric power. Description The Ministry of Transport, Communications, and Information Technology (MTCIT) in Oman has unveiled a state-of-the-art Bitcoin mining and data hosting facility within the Salalah Free Zone. Valued at approximately $350 million (RO 135 million), the newly established facility marks a significant stride toward positioning Oman as a global data hosting and mining epicenter. This recent … Read more The Ministry of Transport, Communications, and Information Technology (MTCIT) in Oman has unveiled a state-of-the-art Bitcoin mining and data hosting facility within the Salalah Free Zone. Valued at approximately $350 million (RO 135 million), the newly established facility marks a significant stride toward positioning Oman as a global data hosting and mining epicenter. This recent development is not the first of its kind….

  Article 2023年8月22日

• UK inflation rate down to 6.8% in July following reduced living pressure

  TL;DR Breakdown The annual inflation rate in the UK saw a significant drop to 6.8% in July. Despite the cost-of-living crisis in the UK showing signs of improvement, households are still facing significant pressures. Description In July, the annual inflation rate in the UK saw a significant drop to 6.8%, though the core consumer price index showed no change. The situation could pose challenges for the Bank of England. The recorded headline CPI value aligns with the predictions made by economists surveyed. That follows the previous month of June when … Read more In July, the annual inflation rate in the UK saw a significant drop to 6.8%, though the core consumer price index showed no change. The situation could pose challenges for the Bank of England. The recorded headline CPI value aligns with the predictions made by economists surveyed. That follows the previous month of June when inflation was unexpectedly lower at 7.9%. From a monthly perspective, the headline CPI experienced a 0.4% decrease, slightly better than the projected -0.5% decline. UK inflation still high According to the Office…

  Article 2023年8月16日

• Grayscale petitions SEC to convert GBTC into a spot Bitcoin ETF

  TL;DR Breakdown Grayscale Investments formally requests the SEC to approve the conversion of its GBTC into a spot Bitcoin ETF following a U.S. Appeals Court ruling that overturned the SEC’s previous denial. The asset manager highlights undue regulatory delays and argues that the court ruling leaves no legal ground for the SEC to differentiate between Bitcoin futures ETPs and spot Bitcoin ETPs. Description In a significant move that could reshape the cryptocurrency landscape, Grayscale Investments, the world’s largest digital asset manager, has formally submitted a letter to the U.S. Securities and Exchange Commission (SEC), urging the regulatory body to greenlight its proposal to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin Exchange-Traded Fund (ETF). This formal … Read more In a significant move that could reshape the cryptocurrency landscape, Grayscale Investments, the world’s largest digital asset manager, has formally submitted a letter to the U.S. Securities and Exchange Commission (SEC), urging the regulatory body to greenlight its proposal to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin Exchange-Traded Fund (ETF). This formal request comes from a…

  Article 2023年9月6日