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This week, Bitcoin and Ethereum were able to avoid participating in a broader market decline that occurred at the same time that the market momentarily recaptured a market value of one trillion dollars. The twenty major cryptocurrencies all experienced losses, but XRP, Cardano, Chainlink, and Cosmos registered the largest ones.
The week started off with cryptocurrency. Twitter with Ukraine DAO—a decentralised autonomous organisation (DAO) that has so far raised millions of dollars for Ukraine’s defence and relief work since the beginning of the Russian invasion—tweeting that it is setting up “Iran DAO” to support Iranian women, many of whom have been protesting against Iran’s islamist regime since the death of activist Mahsa Amini in police custody on September 16. Twitter with Iran DAO tweeting that it is setting up “Iran DAO” to support Iranian women.
On that day, hacker Corben Leo brought a bit more clarity to the murky world of ethical hacking, sometimes known as white hat hacking. A white hat hacker is often a member of the cybersecurity vigilante community who searches for and exploits flaws in computer code, typically with the intention of collecting the reward offered for doing so.
A cybersecurity researcher by the name of James Edwards released a theory on Monday positing that the $160 million Wintermute breach that occurred one month ago was the result of an inside job. The allegations made by Edwards have not been verified by any other blockchain security specialists; nonetheless, there are many who believe it is most probably a possibility.
Cameron Winklevoss, who together with his identical twin brother Tyler co-founded the cryptocurrency exchange Gemini, offered his thoughts on the topic of Bitcoin’s recent decoupling from the stock market on Tuesday.
Elon Musk, the CEO of Tesla and SpaceX, is currently up to his neck in a lawsuit that was brought against him by Twitter. The lawsuit alleges that Musk attempted to back out of his agreement to buy the social media platform. Courts have made public more than a hundred pages of email between Elon Musk and a variety of other individuals, including Jack Dorsey, the co-founder of Twitter who is passionate about Bitcoin.