The Coinque Chronicles
Crypto Market News At a Glance:? Weekly round-up of the most exciting pieces of news from the cryptocurrency, blockchain, and Web 3.0 space
Study: Samsung Named Most Active Investor in Crypto and Blockchain Startups
Between September 2021 and mid-June 2022, Samsung invested in 13 crypto/blockchain companies, thus making the South Korean corporation the most active among the top 40 corporations. Google’s parent alphabet firm, on the other hand, tops the category of top corporations that participated in the biggest funding rounds. Read the full article here
Binance Misallocates $20m Helium’s HNT Tokens in Mistake
Binance misallocated roughly $20 million of Helium’s HNT token to its users due to an accounting bug, Coindesk reported in sept. 16. According to the report, Binance has since patched the bug after its discovery. The Helium ecosystem has two tokens, HNT, and mobile, that it uses to reward its network users. Read the full article here
Terra Founder Do Kwon Goes Missing, LUNA and LUNC Nosedive
On september 14, a South Korean court issued an arrest warrant for Do Kwon, the Terraform Labs founder whose implosion sparked a global crypto rout earlier this year. The court considered filing criminal charges against Kwon in the wake of the historic Terra (LUNA) and algorithmic stablecoin TerraUSD crash that led to around $40 billion in losses. Read the full article here
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Dogecoin Becomes the Second Largest Pow Cryptocurrency in Terms of Market Cap
Meme-inspired cryptocurrency Dogecoin (DOGE) is now officially the second largest proof-of-work (PoW) crypto in terms of market cap, following the Ethereum network’s proof-of-stake (pos) upgrade on Thursday.? Bitcoin (BTC), of course, remains miles ahead of dogecoin’s market cap of $7.83 billion, though the well-followed meme coin is still comfortably ahead of the third place PoW cryptocurrency Ethereum Classic (ETC) with a market cap of $4.69 billion, Litecoin (LTC) at $4.01 billion and Monero (XMR) at $2.65 billion. Read the full article here
Bitpay Confirms Bitcoin as the Most Used Crypto amid Bear Market
The bear market threatened many crypto users to suspend bitcoin payments as many of the cryptocurrencies lost valuations. However, bitcoin user sentiments have not wavered one bit. It surprisingly still retains its position as the most used cryptocurrency despite the market volatility and reduced rate of crypto payments. Read the full article here
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