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The biggest news in the cryptosphere on Sept. 26 includes Interpol’s red writ demanding law enforcement agencies worldwide to find and arrest Do Quon, news of the upcoming ATOM 2.0 update, and the merger of Ethereum. Including cryptominers who later left PoW tokens.
After issuing an arrest warrant for Terraform Labs founder Do Kwon, South Korea sought Interpol’s help to locate Kwon on Sept. 19.
At South Korea’s request, the International Criminal Police Organization issued a deficit notice to Kwon on September 26, ordering law enforcement agencies around the world to locate and arrest him.
Following the news that Interpol had issued a red warrant, Do Kwon tweeted that he was “not making any effort to hide” and that he was “going for walks and shopping malls.” several weeks.
After the Ethereum merger, cryptocurrency miners who initially flocked to GPU-compatible PoW tokens have left these networks as the tokens fell in value and GPUs fell in value by up to 40% in China after the merger.
The Ethereum community has expressed mixed opinions on whether the implementation of reversible transactions is a step forward.
An important aspect of cryptocurrencies is the irreversibility of transactions. Proponents of reversible transactions point to increased security, while critics argue that under the proposal, Ethereum reflects a banking system that it argues against.
Details of the upgrade of ATOM, Cosmos’ native token, will be revealed on the first day of Cosmoverse in Medellin on September 26th. More details will be revealed in Cosmos co-founder sommelier Zaki Manian’s keynote speech “$1K ATOM LFG” and his discussion on ATOM 2.0.
The Komodo (KMD) and Cosmos on AtomicDEX integration was completed on September 26th. This integration leverages AtomicDEX’s cross-chain protocol, non-custodial wallets and DEXs to connect the Cosmos ecosystem to other blockchains.
Chinese authorities have detained 93 people suspected of being involved in money laundering. According to local news sources, he attempted to launder RMB 40 billion using cryptocurrency by a group of criminals. Authorities were able to seize 300 million RMB and his 100 mobile phones from the subject he arrested.
The Reserve Bank of Australia (RBA) has published a whitepaper announcing its Central Bank Digital Currency (CBDC) eAUD pilot program on September 26th. This whitepaper was co-published with the Digital Finance Collaborative Research Center (DFCRC).
eAUD will work on a private and permissioned version of the Ethereum (ETH) blockchain both during the pilot period and after launch.
Cardano (ADA) founder Charles Hoskinson got into an argument with an Ethereum developer on Twitter.
The feud began after Hoskinson criticized Ethereum developers for ignoring Ouroboros for the past five years. He argued that developers have been stuck with the technology since 2014. In response, Ethereum developer Hudson Jameson, speaking on behalf of the Ethereum developer community, said he was against Cardano because of Hoskinson’s attitude. He said he wouldn’t look away.
Former IMF official John Kiff has published a blog post explaining why he believes central bank digital currencies (CBDCs) can foster global financial inclusion.
During his position at the IMF, Kiff was responsible for Fintech and Digital Currencies. He likens CBDCs to his Avant cards in the 90s and debit cards in his 2000s for their usefulness and potential for expansion. CBDC could be the next big thing in the financial sector, he says, adding that both initiatives have gained widespread adoption and increased financial inclusion in the past.
Osmosis founder Sunny Aggarwal took the Comosverse stage to talk about mesh security systems, donning 40lbs of chainmail armor and kicking off her talk.
Analysts have tried to answer one of the most important questions in today’s market. To find the answer, the analyst looked at her MVRV Z-score, which is a combination of Market Value (MV), Realized Value (RV), and Z-score.
MVRV’s Z-score is currently in the green zone, indicating the bottom of the market. However, this has been the case since the beginning of the bear market. In the bear markets of 2020, 2019, 2014 and 2011, the MVRV Z-score could stay in the range of 20 days to 300 days today, and Bitcoin price could stay the same for another 6 months. suggests that there is a
That said, Bitcoin could fall further in the future. The closest support level is $17,500 and a break below it would indicate that this bear market is different from previous ones.
Bitcoin (BTC) is trading at $19,172, up 1.2% over the past 24 hours. Ethereum also rose 2.61% to reach $1,331.
