News of the week. Friday, October 22

Friday, October 22. The week is coming to an end, so we can talk about the most interesting news in the crypto industry over the past day.

Google prevented the hacking of Youtube channels

Google reported that it was able to prevent hacking of Youtube channels. According to them, the attacks were carried out by “Russian-speaking hackers” who tried to hack channels, including in order to fake and distribute cryptocurrency.

The company’s data says that since 2019, scammers have been sending fake requests to bloggers, with an alleged offer of cooperation. All this was in phishing emails. If a blogger opened such an email, hackers with the help of malware received all cookies and passwords. In addition to Gmail, emails were sent using Telegram, WhatsApp and Discord messengers.

When the channels were captured, the name was changed to something related to digital assets. After that, live broadcasts were launched, where the attackers offered viewers to participate in the Airdrop draw, with an initial payment. The amount of the contribution depended on the number of subscribers of the channel.

Google also said that the search for people in the hacker group was conducted on a Russian-language forum. Which one is unknown.

FTX raised $420 million at a valuation of $25 billion

The FTX cryptocurrency exchange announced the closure of a $420.69 million Series B-1 funding round, after which the company’s market valuation reached $25 billion. It was attended by 69 investors, including Temasek, Sequoia Capital, Sea Capital, IVP, ICONIQ Growth, Tiger Global, Ribbit Capital, Lightspeed Venture Partners, as well as funds managed by the investment giant BlackRock.

FTX reported that in three months the client base of the platform grew by 48%, and the average daily trading volume increased by 75% and amounted to $14 billion.

“The additional capital will allow us to provide the service our users deserve and consider other related market opportunities, including stocks, prediction markets, NFT and video game partnerships. We expect to make strategic investments to develop our business and expand our regulatory coverage,” said Ramnik Arora, head of FTX Products.

Tesla received a loss of $51 million due to investments in bitcoin

The electric car manufacturer Tesla has recorded a record profit in the third quarter of 2021. The profit from the business increased by 26.6%. However, there is not very good news for the manufacturer of electric cars: investments in the first cryptocurrency depreciated by $51 million at the end of the reporting period.

For the third quarter, Tesla made a profit of $1.62 billion. Last year, the figure was around $331 million. Revenue reached $13.76 billion. The company’s security is now worth $1.86.

Recall that the company invested $ 1.5 billion in the first cryptocurrency in February 2021. At that time, the price of bitcoin was $34 963.

Analysts from JPMorgan told why there is a bitcoin rally

Analysts from JPMorgan put forward their opinion about the bitcoin rally. They believe that this is not the fault of the hype regarding the first bitcoin futures ETF, but fear due to inflation.

On October 19, the Bitcoin Strategy ETF from ProShares started trading on the New York Stock Exchange. For the first time, the Securities and Exchange Commission approved a similar product based on bitcoin futures. Against the background of such news, the first cryptocurrency has updated its historical maximum, exceeding the $67 000 mark.

However, JPMorgan analysts do not believe that these events are somehow connected.

“We believe that the perception of the first cryptocurrency as the best means of protection against inflation is the main reason for the current upswing,” they said.

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