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Will wBTC be the Bitcoin killer after the collapse of FTX and 3AC?

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This article is also published in my linkedin: https://www.linkedin.com/pulse/wbtc-bitcoin-killer-after-collapse-ftx-3ac-jacky-huang/ What is BITGO? BITGO was founded in 2013 by Mike Belshe, who was impressed by the Bitcoin technology and emerging crypto market. Today, Bitgo is the leading company in digital asset security, custody, and liquidity, serving more than 1,500 institutional clients in 50+ countries. What is wBTC? Bitcoin has its own network and ecosystem. It was originally not connected to the Ethereum ecosystem. Wrapped Bitcoin (wBTC) was launched by Bitgo in January 2019 ; it is an Ethereum-network token that is backed 1:1 by Bitcoin. It allows users to interact with different Ethereum Dapps and the DEF system. In short, wBTC is the mirror of BTC in Ethereum network, accounting for 83.27% of total BTC on the Ethereum network.  Connection between Bitgo and Alameda Research Alameda Research and FTX has been filed bankruptcy. According to Bitgo's official website, BitGo
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How did an arbitrage trader gain 15.5 million BUSD with only 10BNB?

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  A genius trader( 0x8d...217 ) gains 15.5 million worth of BUSD while  Ankr Exploiter hacked and dumped aBNBc . Here's how he did:  the trader bought 183,884.92 $aBNBc with 10 $BNB via 1 inch ;   exchanged 183,884.92 $aBNBc to 191,130.04 $hBNB via Helio protocol ($hBNB is the BNB collateral in Helio); Used 191,130.04 $hBNB to borrow 16,444,740.14 (16.4 million) $HAY on Helio, which is a Stablecoin issued by Helio ; Go back to 1 inch and swapped 16,444,740 $HAY for 15,504,986 (15.5 million) $BUSD. You may ask again: how did the trader gain $15.5 million from the above steps? Normally, the price of $BNB should be pegged at a 1:1 ratio to the price of $aBNBc.Traders will arbitrage when there is a price difference. This time, $aBNBc has completely de-pegged from $BNB. Therefore, he could buy 183.8K $aBNBc with only 10 $BNB. Then, the problem falls on the Oracle of Helio Protocol.  Oracles are used to provide price data streamed on the blockchain.  Oracles bridge the off-chain world w
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Will Twitter become a Web 3 social platform and integrate Dogecoin?

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source: Bitcoinist, Why Elon Musk’s Twitter Acquisition Is Good For Dogecoin As you may know, Binance has invested $500 million in Elon Musk's $44 billion deal to takeover Twitter. Binance is currently the largest crypto exchange in the world, with a total volume of $25 billion in the last 24 hours. As a crypto leading enterprise, Binance's investment could be considered an expansion of the Binance kingdom. Twitter is a social media platform that contains tweets, Twitter spaces, pictures, memes, and so on. It's not a very unique social media at this moment, and although users can turn their NFTs into their Twitter profile pictures, NFTs are still a niche market in the world( the user comprises under 2% of the world population. However, Twitter is valuable because it will have 450 million monthly active users in 2022, and there's a huge potential for Twitter to become the cradle of Web 3. Elon Musk, who is believed to be  the largest hodler of Dogecoin , is a very influe
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Will DCG group(Genesis and Grayscale) blasts the next crypto bubble?

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  Digital Currency Group (DCG) was founded by Barry Silbert and is the parent company of Genesis Global Capital (Genesis) and Grayscale Investments, LLC (Grayscale). After both 3AC and FTX filed for bankruptcy, DCG has been at the centre of the storm because of its huge exposure to both companies. According to Bloomberg's report, Genesis is actively seeking fresh funds and is potentially facing bankruptcy if there's no new funding. If you want to know the background or history of DCG, you have review Deep Dive's analysis : https://thedeepdive.ca/the-digital-currency-group-debacle-explained/. Basic Structure of Digital Currency Group from the Deep Dive At first, I want to do some due diligence because I am discussing with my friends whether Grayscale will collapse or not. With the on-chain data forensics, I believe that Grayscale has enough bitcoin reserves. However, the liability of DCG and Genesis is way more complicated than we had expected, and since they are exposed to
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Can blockchain technology optimise the voting system?

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  Blockchain's infrastructure is changing our lives in a way that most of us don't even realize. A few days ago, a reddit post titled "My state is exploring blockchain voting and I'm offered to give proof-of-concept" appeared, which is a very interesting topic that has recently been discussed. Even in the 21st century, fraud can still exist in our voting system. Electoral frauds can be election manipulation, voter fraud, or vote rigging. Even worse, the hacker or manipulator can change the data in the voting system. In the current voting system, supposing that all the data is kept on an admin server, if hackers want to change the vote count for a candidate, you may even not notice! So, how will blockchain technology change the voting system and prevent fraud? What's Blockchain technology? A blockchain is a distributed ledger that is shared among the nodes of a computer network. Distributed ledger technologies (DLTs) , like blockchain, are peer-to-peer networ
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Three arrows capital: where has the money gone after its bankruptcy?

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Although Three Arrows Capital Pte Ltd (3AC) has filed Chapter 15 bankruptcy protection on July 1, 2022, there are still regular activities in their crypto wallets. Who has been controlling the wallet addresses? Are they Su Zhu and Kyle Davies? I have been tracing 3AC's wallet since 2021, the followings are some of my findings. Has 3AC been selling their tokens? The major 5 wallet addresses of 3AC are: 0x8e04af7f7c76daa9ab429b1340e0327b5b835748 , with a value of US$2,370,131; 0xefa73f3858392565e1566b70caa27ce79337a2c3 , with a value of US$14,411,069;  0x085af684acdb1220d111fee971b733c5e5ae6ccd , with a value of US$7,538; 0x3ba21b6477f48273f41d241aa3722ffb9e07e247 , with a value of US$562,594 ; 0x6038d7d281afb5150baf10518b8e26753fdf1a56, with a value of US$120. The total value of the crypto-assets in these 5 wallets are worth 117.4 millions US Dollars. Among the above wallets, 0 xefa73f3858392565e1566b70caa27ce79337a2c3 and 0x8e04af7f7c76daa9ab429b1340e0327b5b835748 are still in ac
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