Daily Crypto NewsEDITION #282, 12 August 2021

I don’t f@cking need money, do you understand?

Hey Moni Maker

Today the world celebrates International Youth Day. What is so good about crypto? It solves the father/son thing. One goal and one community blur the boundaries between ages and generations.

So who gives a f@ck about this day. Let's read the Digest, shall we? Let's go!

Mr. Hacker from yesterday's news started giving the loot back. Here are the proofs.

We are waiting for the twitter thread "How I hacked Poly Network and hyped", otherwise why is this all ?!

Update:

In one of the transactions, the hacker answered some questions.

To read the text, press Click to see More in the transaction details on Etherscan and make sure Input Data - View Input As is set to UTF-8.

q & a, part one:

q: why hacking?a: for fun :)

q: why poly network?a: cross chain hacking is hot

q: why transfering tokens?a: to keep it safe.when spotting the bug, i had a mixed feeling. ask yourself what to do had you facing so much fortune. asking the project team politely so that they can fix it? anyone could be the traitor given one billion! i can trust nobody! the only solution i can come up with is saving it in a _trusted_ account while keeping myself _anonymous_ and _safe_.now everyone smells a sense of conspiracy. insider? not me, but who knows? i take the resposibility to expose the vulnerability before any insiders hiding and exploiting it!

q: why so sophisticated?a: the poly network is decent system. it's one of the most challenging attacks that a hacker can enjoy. and i had to be quick to beat any insiders or hackers, i took it as a bonus chall :)

q: are you exposed?a: no. never. i understood the risk of exposing myself even if i don't do evil. so i used temporary email, ip or _so called_ fingerprint, which were untracable. i prefer to stay in the dark and save the world.

So what?

Hacker is making a refundf now.

Jack Dorsey thinks so. Well, he didn't say it directly, but ... Jack was tweeting the new feature. And in the advertising tweet, we can see the accusations that the Ethereum Foundation is a scam: they advertised podcasts, which claimed that Ethereum is Bitcoin.

In short, Troll.

Bloomberg strategist Mike McGlone famously predicted back last summer that bitcoin would reach $20,000 again in December 2020. This time he decided to raise the stakes and said that BTC will reach $100k by early 2022.

US exchange Coinbase has reported its record profits in a letter to shareholders for Q2. The exchange generated total revenue of $2.2bn.

Coinbase generated 95% of its profits from trading commissions, which are among the highest in the industry. Revenue from them was $1.9bn, and subscription and custodial revenue were over $100m.

So what?

Armstrong is the future Bezos, no less. He's probably got his congressional seat ready for him, and the proper credentials signed...

Anyway, good for you, bald head! Well done!

Burned tokens – Projects can burn tokens to take them out of circulation. By reducing their circulation, the price goes up. Deflation, the whole thing.

And more you can find in our Glossary!

And you...buy Bitcoin! (it's a good time!)