[Weekly Blockchain] Major Blockchain News in the 4th Week of November
It’s time to take a look at the issues in the blockchain market over the past week with LEDGIS! What news unfolded this week? Let’s find out together in [Weekly Blockchain]!
The detailed content of each news can be confirmed by clicking on the original news article.
👉 The Bitcoin that has remained inactive for at least one year now constitutes 70.35% of the total circulating supply.
According to BlockMedia, data from the blockchain analytics firm Glassnode reveals that the supply of Bitcoin with no on-chain activity for over a year has surpassed an all-time high, reaching 70.35% of the total circulating supply.
This reflects the strong belief of Bitcoin holders, despite macroeconomic headwinds and the overall collapse experienced in the cryptocurrency market, even after reaching an all-time high in 2021, according to analysis.
Furthermore, the proportions of Bitcoin supply that has not moved for 2 years, 3 years, and 5 years are also currently at all-time highs.
This suggests that long-term investors have no intention of selling in the near future, despite Bitcoin’s price more than doubling this year to $37,000.
👉 Zhao Changpeng, Binance CEO, Resigns and Pays a Fine of 5 Trillion… Richard Teng Named as Successor
Changpeng Zhao, the CEO of Binance, the world’s largest cryptocurrency exchange, announced today through his X(Twitter) account that he has stepped down from the position of Binance CEO.
Former CEO Zhao admitted guilt to criminal charges related to Binance’s alleged violations on the 22nd. He reached an agreement with the U.S. Department of Justice (DOJ) to pay a fine of $4.3 billion (approximately 5.57 trillion won).
On the same day, as part of the agreement with the U.S. Department of Justice, he stepped down from the position of Binance CEO. Former CEO Zhao is prohibited from being involved in the operation and management of Binance for three years, but he will retain his position as a shareholder.
In announcing his resignation through Twitter, former CEO Zhao stated, ‘I will take a break first. I have not had a single day of real (phone off) break for the last 6 and half years,’ and added, ‘After that, my current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech.
He continued, ‘I’m pleased to announce that RichardTeng, our now former Global Head of Regional Markets, has been named the new CEO of Binance today.’
He added, ‘Richard will ensure Binance delivers on our next phase of security, transparency, compliance, and growth.’
👉 Sam Altman Returns to OpenAI CEO…five days after ousted
According to ‘The Korea Economy Daily,’ Sam Altman is returning to the position of CEO at OpenAI, the developer of the artificial intelligence (AI) chatbot ‘ChatGPT.’
Five days after he was ousted by the board.
According to Reuters and other sources on the 22nd (local time), OpenAI announced that they have reached an agreement for Sam Altman’s return after a marathon discussions the company’s future.
Earlier, OpenAI faced intense discussions as over 90% of its 770 employees signed a letter stating that they would leave the company along with Sam Altman if the board did not resign. Investors also appealed for his return, leading to heated debates.
OpenAI has principled agreement to restructure some of the board that ousted Altman upon his return. As a part of this, Adam D’Angelo, the CEO of Quora, is reported to remain, and Brett Taylor, former co-CEO of Salesforce, and Larry Summers, former U.S. Treasury Secretary, are set to join the board.
👉 North Korean hacking group ‘Kimsuky’ targeted ordinary individuals’ ‘virtual assets’ as well.
According to HankookIlbo, the targets of North Korea’s representative hacking group ‘Kimsuky’ are expanding across various fronts.
It is reported that they are not only focused on stealing information in the security sector but also showing interest in the virtual assets of ordinary individuals.
The targets include 57 experts from the fields of diplomacy, unification, defense, and national security, including former and current government officials. Ordinary individuals from various professions, such as company employees and self-employed individuals, have also become victims of hacking.
Fortunately, the attempt by Kimsuky to seize virtual assets was unsuccessful. Although they succeeded in unauthorized access to the virtual asset exchange accounts of 19 victims, they were thwarted by the two-factor authentication security measures and failed to misappropriate any coins.
A police official emphasized the importance of regularly changing email and virtual asset exchange account passwords. They urged the strengthening of security measures, including enabling two-factor authentication, setting up one-time passwords (OTP), and blocking access from overseas internet addresses to prevent further incidents.
The blockchain and virtual asset markets continue to evolve with various trends and issues, necessitating ongoing vigilance from investors and industry participants. While awaiting for the latest developments, it is hoped that secure investments and transactions will take place.
