Teenage Bitcoin teacher 👨🏫, XRPL grows in Q2 🌱, Circle, Tether freezes $65M 🧊
Daily Crypto, Blockchain & Web3 Update 2023-07-09
CRYPTOCURRENCY
Salvadoran teenager becomes Bitcoin teacher, no longer earning ‘6 dollars a day’ (2 min read)
The achievement of an El Salvadorian teenager who recently finished the Bitcoin diploma program, Mi Primer Bitcoin (My First Bitcoin), has been shared. Now, Gerardo Moran has returned to his former high school to educate the teachers about Bitcoin.
Mi Primer Bitcoin, supported by El Salvador's Ministry of Education, enabled the 18-year-old to leave his construction job, where he earned only 6 dollars a day.
Marathon Digital blames weather conditions for mining 21% less Bitcoin in June (2 min read)
The transition from spring to summer in Texas has been a major factor in Marathon Digital’s 21% decline in Bitcoin mined in June, according to a statement.
Marathon Digital, a Bitcoin mining company, attributed the decrease in Bitcoin mined in June to the weather in Texas and a decrease in transaction fees.
According to a July 5 statement, Marathon Digital experienced a 21% decline in June for the total amount of Bitcoin mined compared with May.
XRPL grows in Q2 despite SEC lawsuit concerns: Report (2 min read)
XRP Ledger showed progress in the second quarter of 2023 despite worries about the Ripple and SEC legal cases. Messari's report reveals growth in various aspects of XRPL's protocol.
The number of new addresses on the XRP Ledger increased significantly. It reached 138,790, which is a growth of 31.8% compared to the same period in 2022.
Multichain attack triggers Twitter phishing scheme for FTM distribution (3 min read)
Hackers continue their relentless attacks, displaying no signs of slowing down. Shortly after the Multichain hack, scammers started spreading a phishing link on Twitter.
The fraudulent distribution of Fantom to users, falsely linked to the Multichain attack, is rapidly spreading on Twitter, attracting significant attention. The post has attracted a lot of attention from Twitter users.
BUSINESS
Circle, Tether freezes over $65M in assets transferred from Multichain (3 min read)
Stablecoin issuers Circle and Tether have frozen over $65 million in assets tied to the suspected exploit of cross-chain router protocol Multichain. The decision comes in the wake of significant and undisclosed withdrawals from the Multichain MPC bridge on July 6th.
Multichain has suspended its operations after an unexplained transfer of crypto assets worth millions of dollars took place on July 6.
Coinbase was aware of securities law violations, SEC claims in letter (2 min read)
The United States Securities and Exchange Commission (SEC) filed a response to Coinbase’s claims that the regulator lacks jurisdiction to prosecute the crypto exchange.
According to the SEC, Coinbase recognized the probability that federal securities laws would apply to its operations and openly informed its shareholders about the risk.