Anna KeyFri, Feb 4, 2022 7:12 PM
Weekly Digest: Zuckerberg Sold Diem & Bitcoin Education Center in El Salvador
Every week we make a digest about the most significant news in crypto with bloggers and crypto community members, but this week we decided to find out what companies’ representatives and media think about all things crypto.
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Santiment experts have announced that the number of Cardano (ADA) holders, owning from 10 thousand to 1 million ADA, has grown by 15,000% since December 2021. According to the data the analysts provided, 3.9 thousand newcomers have joined the network over the period of 1,5 months, making the total number of ADA holders close to 3 million.
The launch of SundaeSwap, a decentralized exchange platform, largely contributed to the growth. Moreover, Cardano announced the upcoming launch of the Milkomea decentralized application, a second-layer solution designed to be compatible with the Ethereum Virtual Machine.
Social media users have posted reports of newly emerged Mars Stealer malware targeting to steal cryptocurrencies. One of the researchers, @3xp0rt, has revealed the concept & main idea behind the new malware, stating that it was based on an old Oski Stealer code. Mars Stealer is a huge threat to the user's security, due to the virus being capable of stealing crypto assets from popular browser extensions, such as MetaMask, Coinbase Wallet, Binance Chain Wallet, etc.
Mars Stealer uses a special grabber that allows hackers to target and extract information from the browser and, as a result, gain access to the private user data. The program is, however, not able to perform its malicious actions on the territory of the former Commonwealth of Independent States (CIS) countries, such as Russia, Ukraine, Kazakhstan, Belarus, and others.
On February 1st, $3.5 billion worth of BTC stolen from the Bitfinex exchange back in 2016, was transferred over to this address. The 119,756 BTC stolen in 2016 were worth approximately $71.8 million, some of the assets were blacklisted, however, the remaining funds were moved a few times throughout the years.
In February 2019, the US government returned more than 27,000 BTC to their exchange users. In 2020, the exchange platform representatives announced that they had failed to catch the hackers and asked for help.
The Diem Association (previously known as Facebook Libra crypto project) has announced the sale of its intellectual property, including other assets, to Silvergate Capital Corporation for $132 million in shares and $50 million in cash. The news of Meta planning to sell Diem first appeared at the end of January.
Libra was launched in June 2019, however, soon the crypto project was criticized by the US and the European Union, due to the lack of laws regulating the circulation of cryptocurrencies. Despite Facebook’s plans to rebrand and dissociate from the project, Diem is now owned by Silvergate Capital Corporation, which launched a cryptocurrency with Diem in May 2021.
Frog Nation CEO (a group of multi-chain DeFi projects including Wonderland), Michael Patryn, was ousted from Wonderland’s leading group, two days after his criminal affairs resurfaced. Wonderland founder Daniel Sestagalli called for the disbandment of the project, which caused significant discontent among supporters.
The project community launched a vote on the proposal to dissolve the project and return funds to investors. According to Sestagalli, due to the results of the vote being close to 50/50, there is “only one way forward – to refund and roll everything up”. The community, however, has come up with its own options for reviving the project.
The popular NFT marketplace OpenSea reimbursed users for a total of 750 ETH (about $1.9 million), according to Bloomberg. The marketplace had a malfunctioning error that allowed purchasing expensive tokens at a reduced price. Prior to that, users had to delist their NFTs, which in some cases also required extremely high commission payments.
To fix the issue, OpenSea introduced a listing and delisting feature and reduced the default NFT listing duration from 6 months to one. The platform also sent out emails to the holders advising them to cancel inactive NFT listings for sale. However, the recommendation had the opposite effect.
Instead of saving their money, holders found themselves in a rather unpleasant situation: some stated they had lost both their NFT and money. One of the attackers, named “jpegdegenlove”, allegedly paid $133,000 for seven NFTs and sold them seven times in a row, acquiring $934,000.
OpenSea announced the launch of new features aiming to prevent similar accidents from happening again.
Paxful, a major P2P Bitcoin platform, announced the launch of “La Casa Del Bitcoin”, a free-of-charge educational and training center aiming to help Salvadorans better understand BTC.
Approximately 90% of Salvadorans said they had from zero to little knowledge of Bitcoin in September 2021. 50% were not familiar with Bitcoin altogether. Paxful is planning to hold workshops and talks focused on BTC and its importance in today’s financial world. Paxful’s spokesperson stated that “the center is open to everyone that wants to learn about Bitcoin and everyone who wants to teach about Bitcoin”.
Paxful is hoping to eliminate the skepticism surrounding the implementation of BTC as legal tender in the country.