The Luxembourg antitrust authority is currently conducting a market study on Blockchain and Web3 to better understand the characteristics, relationships and opportunities of these technological innovations. This and more news in this handy daily roundup so that you are always informed with the latest events occurring within the crypto world.
Luxembourg, Blockchain and Web3
📍Blockchain technology and Web3 are present for the first time in a market study conducted by the country's antitrust authority. The L'Autorité de la concurrence du Grand-Duché de Luxembourg has launched a First market study on blockchain technology and Web3 to analyze how these innovations are helping markets evolve competitively and efficiently.
In the study, the country's antitrust authority acknowledged that blockchain and Web3 are rapidly growing and expanding technologies that have demonstrated high potential to boost the digital transition of the economy. In addition, the authority highlighted that these technologies are also offering new business opportunities, such as NFTs, to companies.
The authority also spoke about the applications of blockchain technology, which has had a great impact on the transformation of social networks, online stores, among others.
Optimism gets an update with the arrival of Bedrock
📍Optimism has released a new update focused on increasing interoperability. The new upgrade implemented on mainnet, called Bedrock, will allow Ethereum’s scaling solution to optimize its infrastructure to get closer to its goal of being a superchain, with the aim of improving its performance and being more interoperable. Bedrock paves the way for further development of the OP Stack, said OP Labs CEO Karl Floersch.
On Twitter, Optimism developers noted that the upgrade was successfully deployed as a hard fork on the mainnet on Tuesday, June 6.
New clues about the massive Atomic Wallet hack
📍Crypto analysis firm Elliptic has pointed to North Korea's Lazarus Group as being behind the attack on Atomic Wallet. At least $35 million was stolen in an attack on multiple wallet addresses that were compromised on Atomic Wallet this week. The attack appears to have been perpetrated by the Lazarus hacking group, the firm said.
Elliptic attributes the hack to Lazarus, mainly due to the attackers' operation to exchange the stolen funds. According to the firm, the Simbad crypto mixer is being used to obfuscate the origin and destination of these crypto assets. This cryptocurrency mixing platform has been used on previous occasions by Lazarus Group to exchange cryptocurrencies stolen in other attacks.
The firm also indicated that the funds stolen from Atomic Wallet users appear to have been deposited in wallets where crypto assets from other attacks carried out by this group of hackers are kept.
On the other hand, the wallet developers assured that less than 1% of their users were affected by the hack, which allowed attackers to withdraw funds from their wallets without requiring authorization. So far, the developers reported that Part of the stolen funds have already been blocked and that investigations continue together with the main exchange and crypto analysis companies.
Continue reading: Are BNB, SOL, ADA, MATIC, FIL, ATOM, ALGO and COTI securities in the United States?
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.
