Web3 Diaries-Ronaldinho Fails To Testify In Crypto Scam Probe
Ronaldinho Gaucho, a Brazilian soccer player, might be detained by law enforcement to testify in relation to a crypto fraud investigation in Brazil. In response to a pyramid scheme investigation that was reportedly connected to one of his firms, Ronaldinho allegedly skipped his scheduled appearance before the country’s Congress.
On August 24, the former star of Paris Saint-Germain, FC Barcelona, and AC Milan disobeyed a subpoena for a second time and skipped a congressional session, blaming bad weather. On August 31, he will have another opportunity to testify, according to Congressman Aureo Ribeiro. If Ronaldinho doesn’t show up, law enforcement officers may bring him before the committee.
Friend.tech Pronounced ‘Dead’ After Activity And Fees Tank
Less than three weeks after its debut, critics have already dubbed the decentralized social network Friend.tech “dead” due to a sudden decline in important indicators including activity, inflows, and volume.
On August 11, Friend.tech’s buzzy beta version was released on Coinbase’s layer-2 Base. A week later, on August 19, it outperformed Uniswap and the Bitcoin network with fees that exceeded $1 million in a single day.
But since then, its prices have plummeted. According to DefiLlama, daily fees peaked on August 21 at $1.7 million before falling over 87% to about $215,000 on August 26.
Soaring Hashrate Push Bitcoin Revenue Per Terahash Near Record Low
Bitcoin mining revenue or “hash price” — a measure of dollars earned per TH/s per day — has slumped to levels not seen since the collapse of FTX in November 2022, while hash rate has reached new highs.
Over the past week, Bitcoin network hash rate topped 414 exahashes per second (EH/s) on Aug. 18 marking a new peak for the metric.
The peak has seen network hash rate surging 54% from what it was at the beginning of 2023 and 80% over the past 12 months, according to Blockchain.com.
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