Home Technology Hodler’s Digest, July 31-August 6

Hodler’s Digest, July 31-August 6

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Hodler’s Digest, July 31-August 6

Coming every Saturday, Summary of Hodler will help you follow every important news that happened this week. The best (and worst) quotes, adoption and regulation highlights, major coins, predictions and more – a week on Cointelegraph in one link.

Top stories this week

Crypto fundraising hits $30.3 billion in first half, topping all of 2021: report

A report by crypto analytics firm Messari on Tuesday showed that the crypto sector has raised $30.3 billion in funding this year, already surpassing the total for all of 2021, which was $30.2 billion. of dollars. This figure was reached via 1,199 rounds of financing in the first half of the year, with 10.3 billion dollars, more than a third of the capital, going to the centralized financial sector. Notably, the NFT gaming sector raised more than all decentralized funding at $4 billion. DeFi, by comparison, only raised $1.8 billion.

Michael Saylor will step down as CEO of MicroStrategy but will remain executive chairman

Bitcoin maxi Michael Saylor is set to step down as CEO of MicroStrategy on August 8. With Chairman Phong Le as CEO, Saylor will assume his new role as Executive Chairman – a position that will focus almost entirely on building up MicroStrategy’s Bitcoin reserves. “I believe separating the roles of Chairman and CEO will allow us to better pursue our two business strategies of acquiring and holding Bitcoin and growing our enterprise analytics software business,” he said. he declares.

Facebook’s metaverse will ‘fail’, says Vitalik Buterin

Ethereum co-founder Vitalik Buterin thinks any metaverse platform coming from Mark Zuckerberg’s Meta will “fail”. Although Buterin singled out Meta, his comments focused more broadly on the industry as a whole, stating that “we don’t really know the definition of ‘metaverse’ yet, it’s way too early to know what people actually want.” ”

Voyager will return $270 million in funds to customers, claims it received ‘better’ offers than FTX

Bankrupt crypto credit company Voyager Digital has been authorized by a New York judge to return $270 million in funds to its clients as it works to (in theory) reinstate all of its clients. The company also said it received several “higher and better” buyout offers than the one submitted by Sam Bankman-Fried’s Alameda Research in July.

Meta enables Instagram NFT integration in over 100 countries

Instagram has rolled out NFT support in 100 countries across Africa, Asia-Pacific, the Middle East and the Americas. As part of the move, users can integrate wallets from Coinbase or Dapper Labs and publish their NFTs based on Ethereum, Polygon or Flow. The move sent the price of the native Flow blockchain token, FLOW, up on Thursday as it pumped 54% to hit an intraday high of $2.83.

Winners and losers

At the weekend, Bitcoin (BTC) is at $23,276.79Ether (ETH) at $1,708.47 and XRP at $0.37. The total market capitalization is $1.09 trillion, according at CoinMarketCap.

Among the 100 largest cryptocurrencies, the top three altcoin gainers of the week are Flow (TO FLOW) at 44.86%, Filecoin (THREAD) at 37.69% and Optimism (OP) at 25.60%.

The top three altcoin losers of the week are Qtum (QTUM) at 16.41%, Bitcoin Gold (BTG) at 14.30% and Bitcoin Cash (BCH) at 9.63%.

For more information on crypto prices, be sure to read Cointelegraph Market Analysis.

Most Memorable Quotes

“Most people think of a metaverse as a virtual place, similar to the movie Ready Player One. They’re wrong. The metaverse isn’t a place; it’s a moment in time.

Evan Luthraa Forbes 30 Under 30 entrepreneur

“You’ve seen decentralized markets, decentralized lending models, DeFi in general, not fall. There was no contagion there. What you have seen is balance sheet mismanagement by closed monopoly business fee lenders. »

Jonathon MillerManaging Director at Kraken Australia

“We don’t really know the definition of ‘metaverse’ yet, it’s way too early to know what people actually want. So anything Facebook creates now will fail.

Vitalik Buterinco-founder of Ethereum

“You want to encourage people to believe in the future and make decisions that make delaying gratification morally laudable and intelligent. Inflation is hurting these people.

Jordan Petersonclinical psychologist

“Regardless of how these funds are stored – locked in a smart contract or with a centralized custodian – this point of storage becomes a target.”

On-chain analysisblockchain analytics company

“Of the billions of people and many institutional investors on the planet, many will not have the technical wherewithal, the workflows, or the interest to hold their own private keys.”

will peckHead of Digital Assets at WisdomTree

Prediction of the week

Metaverse Market Share Will Surpass $50 Billion By 2026, New Report Says

Technology research and consulting firm Technavio released a report on Metaverse market finance which estimates that the sector will have a market share value of $50.37 billion by 2026. The company estimated that the market will grow at 21% annually over the next four years, and the prediction does not seem too far off the mark so far, as 2022 growth is expected to reach 20.11%.

FUD of the week

$2 billion worth of crypto stolen from cross-chain bridges this year: Chainalysis

Cross-chain bridge hacks have resulted in $2 billion in losses across 13 different attacks so far in 2022, according to a report by blockchain analytics firm Chainalysis. Chainalysis suggested that bridges are often targets because they “have a central storage point for funds that backs up ‘bridged’ assets on the receiving blockchain”, which have become a target point for hackers.

Solana wallets ‘compromised and abandoned’ as users warned of fraudulent solutions

Solana users were told to ditch their hot wallets and move their funds to cold storage this week after a major exploit diverted around $8 million from around 8,000 compromised wallets. The hack was allegedly carried out through a security hole in the network of wallet provider Web3 Slope and also affected users of the Phantom wallet.

Blockchain Security Company Warns of New MetaMask Phishing Campaign

Blockchain security firm Halborn issued a warning on Thursday about a new phishing campaign targeting MetaMask wallet users. The active phishing campaign uses authentic-looking emails with MetaMask branding that urge users to comply with Know Your Customer (KYC) regulations and verify their wallets, essentially tricking them into giving up their passwords.

Best Crypto Features

Clean crypto: how much application is too much?

Many blockchain companies now believe that regulation is inevitable, but there is growing debate over where to draw the line between protecting users and strangling the lifeblood of the industry – or force outside the United States.

NFT Communities Greenlight Web3 Movies: A Decentralized Future for Fans and Hollywood

The film industry is one of the most centralized and traditional of all. Only a handful of movie studios and streaming conglomerates control the lion’s share of the global movie market.

What Kazakhstan’s new tax regime means for the crypto mining industry

New amendments recently signed by the country’s president could strengthen the redevelopment of the energy network while keeping overall prices relatively moderate.

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