The governance of Arbitrum, a second-layer protocol for scaling Ethereum, is evaluating the creation of two nearly $5 million grant programs. This and more news in this practical summary daily so that you are always informedwith events most latest that occur within the crypto world.
Arbitrum DAO evaluates grants
📍The Arbitrum community has submitted two governance proposals to subsidize developers. One of these proposals, which is in full voting, requests resources in the order of $1 million dollars spread over two quarters, to “fund a wide variety of teams building applications on top of Arbitrum in a transparent manner.” So far, 99,8% of the DAO’s votes are in favor of the proposal.
The second of these government proposals requests $ 3,36 million dollars to finance the development of new projects that will boost the growth and value of the Arbitrum ecosystem to consolidate itself as “the main scaling solution for Ethereum.”
This second governance proposal is also being voted on and has 98% of Arbitrum votes in favor.
Block reports record revenue from its Bitcoin business
📍Jack Dorsey's company Block posted revenue of $5.530 billion in the second quarter. Block's Bitcoin revenue increased 34% in the second quarter of this year, according to the earnings report presented by the company.
Block noted that $2.400 billion, representing 43% of the $5.530 billion in revenue recorded in Q2, came from Bitcoin sales on its Cash App platform.
In the report, the company highlighted that its customers continued to buy bitcoins despite the drop in price that the cryptocurrency experienced.
“Bitcoin is the future,” says Mayor Francis Suarez
📍Miami Mayor Francis Suarez is accepting Bitcoin in his political campaign. Increasingly, politicians are using Bitcoin and cryptocurrencies as a tool that can help them achieve their goals.
Recently, the mayor of Miami, aspiring president of the United States and one of the most crypto-friendly politicians, Francis Suarez, reported that he is accepting donations in bitcoins and other crypto assets for his campaign.
Suarez, who has received his mayoral salary in bitcoin since last year, made the announcement over the weekend, reporting that his campaign is officially accepting donations in Bitcoin, which he called “a generational opportunity.”
“Cryptocurrency is the future and it is here to stay”, maniffestó Suarez.
The presidential candidate also enabled his website so that his followers can make donations using BTC and other of the most popular cryptocurrencies, including ethereum and dogecoin.
Curve Finance recovers much of its funds
📍The hacker who attacked decentralized protocol Curve Finance has returned a large portion of the funds that were stolen during the attack. More than $60 million dollars, which were stolen last week from the Curve Finance protocol, have been returned by the attacker, as confirmed by the Alchemix protocol, one of those affected by the hack.
On the X platform (formerly Twitter), the Alchemix developers reported that the hacker has already returned all the funds that were stolen to the Alchemix pool on Curve Finance.
The developers of the Alchemix protocol, who were communicating with the hacker via messages attached to ETH transactions, agreed to pay 10% of the funds as a reward to the attacker for discovering the vulnerability.
However, in one of the attached messages, the hacker mocked the developers, stating that he returned the funds because he did not want to ruin the project, because the funds belonged to the users, and because he was smarter than all of them.
Likewise, the JPEG'd protocol also confirmed which has recovered 5.495,4 wETH, after the Curve Finance hacker returned the funds. The developers of this NFT protocol stated that they would not file legal action against the person responsible for the attack and that they would also pay a 10% reward to him for having discovered and exploited the existing vulnerability.
Twitter will never launch its own cryptocurrency
📍Elon Musk has put an end to rumors that X (formerly Twitter) could launch its own cryptocurrency. In response to comments from user @cb_doge, who warned users about fake news and fake tokens allegedly linked to the X platform, Musk, its owner, stated that X will never launch its own cryptocurrency.
The user in question wrote on the platform that neither Elon Musk nor X have launched an official cryptocurrency or token of the platform at any time, to which Musk himself responded “And we never will.”
Continue reading: Tether Limited bought 1.529 bitcoins in Q2 2023
IMPORTANT: The content of this article is for informational purposes only and, in no case, what is written here should be taken as investment advice or recommendations. Bit2Me News reminds you that before making any investment you should educate yourself and know where you invest your money, as well as the pros and cons of the system. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.
