a month ago 6 min read

Daily Coin Journal


zkSync's Mainnet Addon Provides Competitive Polygon Alternative

zkSync launched registrations for developers to deploy applications to its blockchain-based network, known as a "mainnet," a day after Polygon unveiled a zero-knowledge-based scaling solution for Ethereum.

That is not a full-blown launch, according to zkSync, one of the most well-known initiatives in the zero-knowledge rollup area. Before deploying code, developers must register their blockchain addresses.


After Ethereum Merge Upgrade, Exchange Supply Falls 37%

The exchange supply of Ethereum, the second-largest cryptocurrency by market capitalization, has steadily decreased over the last six months following the Merge. In September 2022, the Ethereum network experienced a significant upgrade known as the Merge, switching from a proof-of-work (PoW) network to a proof-of-stake (PoS) network.

Santiment, a crypto analytics company, published on-chain statistics showing a continued decline in the quantity of ETH that is available on exchanges. 37% less ETH has been traded on exchanges since the Merge. When there is less ETH available to buy or sell, a continuous fall in supply on exchanges is regarded as a positive indication.


Paul Pierce, Former NBA Star, Fined $1.4M by SEC for Promoting EthereumMax

Paul Pierce, a former NBA star, was sued by the Securities and Exchange Commission of the United States (SEC) for failing to declare the endorsement money he got for supporting the EthereumMax (EMAX) cryptocurrency.
According to the SEC announcement, the NBA Hall of Famer has agreed not to "promote any crypto asset securities for three years."

Pierce allegedly received $244,000 in EMAX tokens via the project's Twitter promotion, but he failed to declare the sum. Additionally, he implies through the screenshots that he possesses a significant number of EMAX tokens, despite the fact that his actual holdings are far smaller than what he indicates.


Hashrate of Litecoin Reached New Peak

New data from the Litecoin Foundation shows that the hashrate of Litecoin [LTC] has reached a new record high.

The tweet states that LTC's hashrate topped 886 TH/s on February 15, 2023, in block 2,423,170. This elevation indicated that new miners had joined the network. The increased hashrate led to a rise in mining difficulty for BTC, which was 24.4 million at the time of publication.


Coinbase Isn't Aware that Blockchain.com Isn't Selling Subsidiary

Blockchain.com has not discussed prospective deals with Coinbase and is not selling any subsidiaries.

Blockchain.com "has been trying to sell off assets in a scramble for funds" since the collapse of hedge fund Three Arrows Capital last year. Executives "shopped pieces of its business, including to Coinbase," according to calls made over the past two months.


0% Fees on OpenSea Implemented to Attract NFT Customer Share Lost to Blur

Users that expect higher returns on their NFT investments are seeking a trading environment that is advantageous to them, and as a result, NFT marketplace Blur has exceeded OpenSea in daily ETH trading volume.

As rival marketplaces continue to erode its once-dominant user base, major nonfungible token (NFT) marketplace OpenSea announced a significant restructuring around reduced platform costs and higher creator revenues.


DeFi Protocol Continues to Win Network Support While it Booms?

Gains Network [GNS] has been a market leader in the cryptocurrency space, and now supporters may celebrate once more. The biggest cryptocurrency exchange in the world, Binance, was to host the launch of GNS, the protocol's native token.

The coin would be featured on Binance in the innovation area, where users may trade new tokens with potential for more volatility. The news thrilled GNS holders, as the price increased by roughly 40% at the time of writing.


Nishad Singh, Former CEO of FTX, Intends to Reveal Criminals

Nishad Singh, the former CEO of FTX, is concluding a pre-commitment plea to defend himself against fraud accusations brought by prosecutors in Manhattan.

Another ex-member of Sam Bankman-inner Fried's circle intends to enter a guilty plea to criminal charges brought by US prosecutors regarding his participation in a multiyear scheme at the defunct cryptocurrency exchange FTX.


Web3-Friendly Executive Appointed As New CEO of YouTube

Following Susan Wojcicki's resignation last week, Neal Mohan, a Web3-friendly executive, has been selected as YouTube's new CEO. Google is the owner of YouTube.

Wojcicki revealed plans to start a "new chapter" based on her family, health, and independent work on February 16 after nine years as CEO of YouTube. Among other things, she oversaw the essential introduction of the revenue-sharing model while in office.


Fake "Debt Coins" are Being Traded on Exchanges, FTX Warns

FTX's restructuring team today issued a warning to investors, advising them to be on the lookout for fake tokens that aim to capitalize on the challenges the shuttered cryptocurrency exchange is currently facing.

The organization tweeted, "The FTX Debtors encourage stakeholders to be on guard for scams from businesses alleging to be affiliated with FTX. No debt tokens have been issued by the FTX Debtors.


After Being Turned Down, Custodia Bank Continues to Push for Fed "Master Account"

Custodia Bank on Friday filed an additional complaint against the Federal Reserve, weeks after the Fed denied the bank's request to open a "master account" and become a member of the Federal Reserve System.

The Wyoming Special Purpose Depository Institution claimed that the Federal Reserve Board, in collaboration with the Biden administration, had planned a series of public statements to accompany the denial of Custodia's application and that the Kansas City Fed was not "pulling the strings."

Custodia's application for a master account was denied "shortly" after the Federal Reserve turned down her bid to join the Federal Reserve System at the end of January.


Since September, MicroStrategy Raised $46.6M Through Share Sales

The CEO of MicroStrategy is Michael Saylor. According to an SEC filing, the company has raised $46.6 million through the sale of shares since September 2022, when it entered a deal with underwriter Cowen & Co. for the sale of up to $500 million in common stock. Since September, sales

In an SEC filing on February 17, the company stated that it had amended its "use of proceeds" statement to account for prospective debt repayments, such as for a term loan with Silvergate Bank that was originally taken out for $205 million in March 2022 but has since increased in cost as the U.S. Short-term interest rates were hiked by the Federal Reserve.


11 Anti-Phishing Attack Plugins Available On The Bitcoin Market

On January 28, Azuki's Twitter account was hacked, leading his followers to click on phishing links, stealing more than 122 NFTs, and inflicting a loss of more than $780,000. Kevin Rose, the creator of the NFT project Moonbirds, had his wallet taken on January 26. A total of 40 NFTs were taken, and more than $2 million was lost. OpenSea-licensed assets A phishing ad link was clicked on by @NFT GOD on January 15th, leading to the theft of all accounts (including stack twitter, etc.), bitcoins, and NFTs.

Why are common users and project founders targeted by phishing attacks so frequently? What browser add-ons that protect against phishing are available? In this post, 11 anti-phishing attack plugins are listed.


Custodia Bank CEO Criticizes Washingtonโ€™s โ€˜Misguided Crackdownโ€™ on Crypto

Prior to multiple companies going bankrupt, Caitlin Long disclosed that she had alerted federal officials to significant "fraud" in the cryptocurrency industry.

Caitlin Long, the CEO of Custodia Bank, has criticized Washington, D.C. legislators and authorities. criticizing their "misguided attack" on the cryptocurrency industry and disobeying her warnings of significant "fraud" allegedly carried out by now-bankrupted businesses.


Hackers' Exploitation of Dexible Causes $2M in Damage

The decentralized exchange aggregator Dexible was the target of a $2 million attack early on Friday.

As of 6:35 PM UTC on February 17, whenever users use the Dexible front end, a pop-up alert regarding the vulnerability is displayed.

Using a bug in the smart contract code, the hacker was able to steal assets from cryptocurrency wallets containing funds that had been given permission to be used.


BlockSec, Security Company, Assists Platypus in Recovering $2.4M in Stolen Funds

Platypus is assisted in recovering $2.4 million from attackers by cryptocurrency security company BlockSEC through the use of an improved proxy. The attacker can only recover a small portion of the initial stolen monies with this assistance.

The Platypus protocol was compromised yesterday with help from blockchain security firm BlockSec, resulting in at least 2.4 million USDC being restored to the hacked platform.


Will AI Blockchain Emerge In 2023 as Next Cryptocurrency Trend?

Recently, the ideas of AI and blockchain have combined, making them tough to look for. Although though these two ideas are distinct, they might not seem unusual when combined, but since AI Blockchain is still a relatively new notion, not everyone is familiar with this development. So what precisely is AI in cryptocurrency? What is their origin? What advantages do they offer? Have they a future? Using the article we have today, let's learn more in depth.


Bank of Japan to Launch CBDC Pilot Before May

The Bank finished its proof-of-concept testing in April and then launched a pilot program for the "digital yen" in 2021.

The central bank digital currency (CBDC) pilot in Japan, where Tether and other foreign stablecoins are illegal, is set to start in April 2023. It intends to involve commercial companies and explore a CBDC ecosystem model.


If you have any comments or feedback, just email us.

Thanks for reading,

J.K. Tan
J.K. Tan
A crypto enthusiast who thinks that cryptocurrencies encourage people to act as their own banks. Fascination for blockchain and Web3 projects is his A-game.
Great! Youโ€™ve successfully signed up.
Welcome back! You've successfully signed in.
You've successfully subscribed to Coin Aquarium.
Your link has expired.
Success! Check your email for magic link to sign-in.
Success! Your billing info has been updated.
Your billing was not updated.