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Peter Davis

An writer at FOMOdrive

  • Aug 29, 2023
  • 3 min read

OKX and Bybit, following Binance, also introduced restrictions for Russians

The yield of Bitcoin on terahash has hit its lowest point ever.

Robinhood has achieved the status of being the third largest holder of Bitcoin (BTC) in the world.

OnlyFans has reported losses resulting from its investments in Ethereum.

The wallet of the PEPE memcoin project was robbed of $15 million by its three creators.

Approximately $900,000 was taken from the Balancer DeFi platform by hackers.

Due to a decrease in the price of bitcoin and an increase in the hash rate of the network, the yield per terahash has hit an all-time low. This suggests that more advanced and productive ASIC miners are being introduced to the network. However, BTC is likely to experience growth soon, otherwise miners will soon find their activity to be unprofitable.

Arkham Intelligence reports that Robinhood has become the third largest holder of Bitcoin globally, with a total of 118,300 BTC valued at more than $3 billion.

Due to the extreme heat and drought in Laos, temporary restrictions have been put in place on cryptocurrency mining as the demand for electricity has risen.

OnlyFans, a British adult content platform, has reported losses from investments in Ethereum. In 2022, the company lost nearly half of the $20M it had invested in ETH.

On August 22, the Balancer team reported a vulnerability in their protocol's second version, prompting users to withdraw their funds from liquidity pools. Unfortunately, hackers were able to exploit this vulnerability and withdraw approximately $900,000 from the Balancer programmable liquidity DeFi platform.

Approximately 16 trillion PEPE meme tokens (~$15 million) were illicitly taken out of the project and transferred to various cryptocurrency exchanges, where they were then sold. Pepe, the only remaining developer of the project, declared that three ex-members of the team were responsible for the theft.

After a prolonged launch issue, withdrawals via the Ethereum bridge have been resumed for Shibarium Tier 2 solution, created by the developers of the Shiba Inu Mem Token (SHIB).

After Binance, OKX and Bybit also took away Sberbank, Alfa and Tinkoff, the sanctioned Russian banks, from their P2P platforms.

Sergey Mendeleev, CEO of Indefibank, suggested that the leadership of the Russian Federation take countermeasures such as blocking the resources or recognizing their activities on the territory of the Russian Federation as undesirable.

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