In a bizarre occurrence, an anonymous user of the world’s foremost cryptocurrency, Bitcoin made an astronomical error. In a single transaction, a staggering 20 BTC ($500,000) was mistakenly paid as a fee to move a scant 0.074 BTC ($200). Jameson Lopp, CTO of Casa, posits that this blunder was the result of malfunctioning software at an exchange or payment processor. He cautions against such practices indicating an incorrect calculation of the change output and urged the user to get in touch with the mining pool to retrieve their funds.
In investment news, gaming and metaverse venture capital firm, Animoca Brands, secured $20 million in a funding round. CMCC Global orchestrated this round, along with other investing powerhouses including Kingsway Capital and GameFi Ventures among others. The capital is to be invested in the development of the Mocaverse project. This includes solidifying partnerships, facilitating Web3 adoption and advancing product development.
Unstoppable Domains, the domain and digital identity platform unveiled its Business-to-User instant messaging feature for its Unstoppable Messaging service. Businesses can now segregate their Web3 audiences to personalize messages. While this represents a substantial leap forward, will it lead to a bombardment of unsolicited messages? Hence, while this tool is advantageous, a critical evaluation of its potential misuse is warranted.
In an attempt to curb fraudulent activities, the US Department of Justice (DOJ) plans to seize $5.2 million in Bitcoin filched four years ago by a juvenile hacker, Meanwhile, the hacker’s prized possession, a sports car yielded by illicit funds, is also on the confiscation list.
To ensure ethical influence within the financial sector, French regulators, the Autorité des Marchés Financiers (AMF) and the Autorité de Régulation Professionnelle de la Publicité (ARPP), have launched an educational module. The objective is to help influencers understand the responsibility that comes with their profession, but we question how effective this will be when temptations of deceptive promotions loom.
Lastly, the blockchain space saw its first non-Ethereum Virtual Machine chain integration. Decentralized exchange (DEX) Sushi extended its services to layer-1 blockchain Aptos. This groundbreaking development could lead to larger integrations, and hence represent a leap forward for blockchain interoperability. But could it also increase the complexity and challenges within the cryptosphere? Only time will tell.
Source: Cryptonews
