The biggest news in the cryptosphere for Sept. 28 includes Charles Hoskinson’s expectations that VCs would invest in Cardano in two years, how an MEV bot gained and lost around $1 million, and Do Kwon and LFG’s denial of transferring $69 million worth of Bitcoin to crypto exchanges KuCoin and OKX.
CryptoSlate Top Stories
Hoskinson anticipates flood of VC money coming for Cardano by 2024
Input Output’s CEO Charles Hoskinson spoke at the Mainnet 2022 event that is taking place in New York. He mentioned that venture capitalists overlook the Cardano (ADA) ecosystem because they chase short-term profits.
With that being said, he added that things are about the change for the Cardano network in two years. He noted that VCs will get involved as the number of dApps increases in the Cardano blockchain. He said:
“Because there is something to invest in, there is something to connect to. So probably 2023, 2024.”
This MEV bot gained and lost over $1M in 1 hour
A Maximal Extractable Value (MEV) bot 0xbaDc0dE was a mempool bot that had been active on the Ethereum (ETH) for a few months. Among the 220,000 transactions it made, one generated a massive arbitrage, providing the bot with an 800 ETH profit.
However, the bot got exploited by a hacker and lost over $1 million, so the winning of the arbitrage lost its point.
Do Kwon, LFG deny cashing out 3313 BTC
Reportedly, South Korean authorities warned crypto exchange platforms KuCoin and OKX to freeze 3313 Bitcoins (BTC) because Terraform Labs founder Do Kwon and The Luna Foundation Guard (LFG) allegedly transferred that amount to their platforms.
The amount equates to roughly $69 million with the current BTC prices. The LFG and Kwon came forward today to deny moving $69 million to KuCoin or OKX.
BIS concludes CBDC pilot with cross-border payments totaling $22M transacted
The Bank for International Settlements (BIS) announced that it successfully completed a pilot Central Bank Digital Currency (CBDC) project that involved four Asian central banks.
The project is called mBridge, referring to Multiple CBDC, or mCBDC. According to the announcement, it has already facilitated $22 million worth of transactions during the pilot period.
Chainlink launches Economics 2.0 staking programs
Chainlink finally announced its staking reward programs, the SCALE and BUILD.
The Sustainable Chainlink Access for Layer 1 and 2 Enablement (SCALE) is a part of Chainlink’s Economics 2.0 project, which aims at enhancing the long-term utility…
Click Here to Read the Full Original Article at Bitcoin (BTC) News | CryptoSlate…
