Hebdo Crypto #186 – Bitcoin and cryptocurrency news of the week

The week of 03/14 in brief – News about Bitcoin and cryptocurrencies is constantly boiling. It can happen that crucial information gets lost in the daily information flow and that you miss important points. This format is there to remedy that. We return to the news of the past week in theCrypto Weekly to keep you informed about the current situation of cryptocurrencies.

The unmissable of the corner

Passionate about decentralized finance? Gregory too! This week, he presents the results of his research with a presentation of the protocol Symbiosis Finance.

Symbiosis Finance: the cash aggregator of the future

Thanks to Symbiosis Finance and its beta version finally available, it is now possible to transfer your cash through all the blockchains compatible with the Ethereum virtual machine (EVM). Naturally, you remain in control of your crypto-assets from the beginning to the end of the process, and this is the whole point of the solution offered by Symbiosis.

In practice, these easy transfers will first allow you to interact with the protocols of your choice on the various blockchains that now make up the DeFi ecosystem. But not only: indeed, Symbiosis also offers some inter-chain liquidity pools, offering very attractive theoretical returns (although we will put a small damper on this a little later).

Symbiosis is developed by an experienced team of developers and backed by some of the biggest names in the crypto industry (like Binance Labs, Spartan Capital, and Dragonfly Capital).

For more details, see the full article : Symbiosis Finance, the DeFi of all blockchains: how to hunt the best returns in cryptocurrencies?

News in brief

Illinois says it is ready to accept BTC for tax settlement. This law would mainly target companies wishing to pay taxes on digital assets.

The Kiln testnet deployed on Ethereum. Its purpose is to test The Merge update before it is tested on the historical testnets.

The Polygon network went offline. Thus, the Heimdall node that allows the network to reach consensus has been paused to perform system maintenance.

Aave deploys its version 3 on 7 blockchains. Thus, the ghost protocol announced the deployment of its 3rd version, introducing security improvements as well as Portal, a bridge between the different instances of the protocol.

Meta (ex-Facebook) launches into the race for NFTs. Thus, NFTs should arrive on the Instagram social network.

The Bored Ape Yacht Club launches its governance token. At the same time, the company behind the project announced its ambition to launch into the Metaverse.

▶ This week, Sami returns to the MiCa bill initiated by the European Parliament, aimed at regulating cryptocurrencies.

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The 5 metrics of the week

$11.7 millionit is the amount stolen on the same day in attacks targeting the Agave and Hundred Finance protocols. Thus the attacker(s) used a flashloan to take advantage of a so-called reentrancy flaw.

$1.7 millionit is the amount Bitfarms spent on its new bitcoin mining project in Canada. This site will replace the old infrastructure located on rue de la Pointe in Sherbrooke.

106it is the number of illegal mining facilities that have been closed in Kazakhstan. This was announced by the Kazakh government on March 15. Of these facilities, 51 were forcibly closed.

10 millionsit is the number of ETH that are stacked on the beacon chain of Ethereum in proof of stake. Thus, this represents approximately 26 billion dollars blocked on the beacon chain.

$450 millionit is the amount raised by the Consensys company in a Series D funding round. This brings the company’s valuation to over $7 billion.

Tweet of the week

Tweet of the week goes to @xDayKami, and his warning about an increasingly spreading crypto hack.

Have a nice week on the Journal du Coin! 🙂

Le Journal du Coin offers you the first news from the crypto ecosystem. Regulation, emergence of a new DeFi protocol, hacks… so much information that helps to make the right decisions with all the cards in hand. The Kucoin Spotlight launch platform makes it possible to invest very early in projects with high growth potential. register now to be sure to participate in the next sale (affiliate link).

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