The biggest news in the cryptoverse for Oct. 26 includes the theft of over $1M worth of Ethereum by a phishing attack, Vitalik Buterin’s tweet deeming ZKPs “necessary” for Ethereum and Binance overtaking Huobi in crypto derivatives trading.
CryptoSlate Top Geschichten
Iwwer $ 1M Wäert vun ETH, NFTs geklaut am Phishing Attack
A scammer, “Monkey Drainer,” stole 700 Ethereum (ETH) through a phishing attack over the past 24 hours. The total amount equates to nearly $1.05 million, and the attack was revealed by the on-chain sleuth ZachXBT.
1/ An de leschten 24 Stonnen gouf ~700 ETH ($1m) vum Phishing-Scammer bekannt als Monkey Drainer geklaut.
Si hunn viru kuerzem 7300 Transaktiounen aus hirem Drainer Portemonnaie iwwerschratt nodeems se nëmmen e puer Méint ronderëm waren. pic.twitter.com/6vAYBiqCxQ
— ZachXBT (@zachxbt) Oktober 25, 2022
The attacker created fake websites that appear as legitimate crypto businesses to access the victims’ wallet address keys and login credentials.
Vitalik seet datt ZK Beweiser 'verständlech' maachen ass néideg fir Ethereum
Ethereum Matgrënner Vitalik Buterin Tweeted and said that making Zero-Knowledge Proofs (ZKP) is necessary to keep the Ethereum ecosystem “open and welcoming” to people who don’t understand math.
Referring to ZKPs as a “moon bath,” Buterin tweeted:
“I’m so happy that Ethereum has such a strong culture of trying hard to make all our moon math as understandable and accessible to people as possible.”
Binance iwwerschratt Huobi am Krypto-Derivathandel
Crypto derivatives trading increased by 1.54% month over month to reach $2.71 trillion, which compensated for 63.4% of all transactions in September.
Crypto Austausch Ris Binance was responsible for 60.1% of the derivatives trading in September, while OKX followed as a second with 16.8%.
ByBit came third by controlling 11.7% of the whole derivatives market. Huobi, on the other hand, was placed sixth in dominance. This is a great fall since it was the biggest trading platform for derivatives in early 2020.
Australia confirms crypto transactions will be subject to capital gains tax
The Australian government confirmed that cryptocurrency transactions would be taxed soon.
The government’s budget papers for 2022-23 were released, and they considered cryptocurrencies as an asset instead of a foreign currency, which subjected them to taxation.
The lawmakers are currently working on a taxation framework. While Australia didn’t disclose the percentage, it said that the tax legislation will be backdated to income years until July 1, 2021.
Ass China amgaang de Krypto Bull Maart duerch Hong Kong ze katalyséieren?
fréieren BitMex CEO Arthur Hayes examined the relationship between China and Hong Kong in an article he posted on his medium account and implied that China might utilize Hong Kong as a “window to the world.”
Hien huet geschriwwen:
"Hong Kong (en Deepwater Hafen am Mond vum Pearl River Delta) war ëmmer China d'Fënster fir d'Welt. Egal ob et d'Verschécken, d'Kapital oder d'Narkotik war, geliwwert vum gréissten Drogenhändler an der mënschlecher Geschicht (d'britesch Kroun,) Hong Kong war historesch wou China an de Westen sech getraff hunn.
D'Währungsautoritéit vu Singapur proposéiert nei Mesuren fir d'Krypto, Stablecoins ze reguléieren
Two consultation papers were published by the Monetary Authority of Singapore (MAS) on Oct. 26, which summarized the regulatory frameworks for digital payment token services and stablecoin users.
The papers accept that crypto assets are “inherently speculative and highly risky “ and aim to limit the activities of digital payment token services.
Hong Kong Monetary Authority announces success and key findings from CBDC project, mBridge
Hong Kong Monetary Authority (HKMA) published its Central Bank Digital Currency (CBDC) project mBridge’s highlights and success on Oct. 26.
The report stated that the mBridge’s six-week pilot program ran between Aug. 15 and Sept. 23. The project facilitated over 160 payment and foreign exchange transactions that were collectively worth around $22 million.
US Gesetzgeber ausdrécken Bedenken iwwer Krypto Firmen déi fréier Regierungsbeamten astellen
A group of five U.S. Democratic lawmakers led by Senator Elizabeth Warren reached out to several financial regulators in the U.S. to ask about the “revolving door” between the U.S. government agencies and the crypto industry.
The group initially said that U.S. citizens should be confident that government policies weren’t created to “cater to the crypto industry’s desire to ‘avoid the sort of regulatory crackdown it has faced in China and elsewhere.’”
Moldawien verbitt d'Krypto-Mining am Mëttelpunkt vun der Energiekris
Moldova announced banning crypto mining activities on Oct. 26 and pointed at the growing energy crisis as a reason.
Moldova’s Commission for Emergency Situations (CES) released a report to announce the ban, which also disclosed that Moldovan President Maia Sandu ordered government agencies to save electricity. As a result, the CES moved forward with the crypto mining ban.
CryptoSlate Exklusiv
Op-Ed: Is Ethereum now under U.S. control? 99% of latest relay blocks are censoring the network
After The Office of Foreign Assets Control (OFAC) sanctions Tornado Cash, Ethereum co-founder Vitalik Buterin called validators and asked for validators to be slashed if the sanctions were implied at the protocol level.
However, the number of blocks compliant with the OFAC sanctions increased over the past months. Swat Bitcoin’s Editor in Chief, Tomer Strolight, tweeted about the situation showing that around 63% of all Ethereum blocks were OFAC compliant to draw attention.
Firwat schwätzt keen iwwer dëst? pic.twitter.com/Nlng6kgHxr
— Tomer Strolight (@TomerStrolight) Oktober 26, 2022
Fuerschung Highlight
Ongeféier 61% vun BTC Inhaber sinn ënner Waasser wéi d'Maartstagnatioun bestoe bleift
Bitcoin (BTC) recorded its lowest of the bear market at $17,600 on June 22. even though it bounced back to recover to $25,300 and has been lingering at a fairly stable range between $18,100 and $20,500 recently, on-chain data indicates that the majority of Bitcoin investors are still underwater.
The UTXO Realized Price Distribution (URPD) chart demonstrates the existing Bitcoins that last moved within their respective price buckets.
According to the chart, investors who bought Bitcoin at $17,600 or below consist of only 25% of all token holders. On the other hand, 61% of token holders were underwater when Bitcoin sunk to its lowest.
Neiegkeeten aus ronderëm de Cryptoverse
Andreessen Horowitz’s crypto fund sinks by 40%
Venture Capital firm Andreessen Horowitz established a $4.5 billion crypto fund in May 2022. The bear market started soon after, and Horowitz’s fund lost 40% of its market value, as it is reported by Wall Street Journal.
BitMex CEO quits
Crypto exchange platform BitMEX’s CEO Alexander Höptner resigned from his role, according to Bloomberg. BitMex’s CFO Stephan Lutz was named as the interim CEO, while Höptner didn’t specify a reason for leaving his role.
Binance launches Binance Oracle
According to an announcement post on BNB Chain’s website, Binance launches an Oracle Network to enable smart contracts to run on real-world data. The BNB Chain will be the first blockchain that’ll use the Binance Oracle.
Krypto Maart
In the last 24 hours, Bitcoin (BTC) increased by +2.47% to trade at $20,753, while Ethereum (ETH) also spiked by +4.84% to trade at $1,562.
Gréissten Gewënner (24h)
Biggest Losers (24h)
Source: https://cryptoslate.com/cryptoslate-wrapped-daily-phishing-attack-steals-700-ethereum-moldova-bans-crypto-mining/