Weekly Report (15 – 21 July 24) | What Happened This Week In Crypto

This report will provide some essential and quick news about the cryptocurrencies happening worldwide.

1) Coinbase Bank Hack Exposes Customer Data

A security breach that occurred earlier this month at a bank that Coinbase uses put the personal information of more than 150 clients at risk. The security incident took place on July 11 and required the involvement of a third-party bank that was responsible for managing Coinbase’s payment procedures…[continue reading]

2) Telegram Will Provide A Mini-App Store And An In-App Web3 Browser This Month

Telegram founder and CEO Pavel Durov has announced that the company intends to launch a store for Telegram micro applications and an in-app web3 browser later this month. The action follows a significant increase in the number of tap-to-earn games, such as Hamster Kombat, that have been developed on the messaging platform…[continue reading]

3) Gemini And IRA Resolve 2022 Security Breach Case

The Gemini settlement with IRA, which was invalidated on July 18 by Judge Analisa Torres of the U.S. District Court for the Southern District of New York, was centrally focused on allegations of insufficient security measures at the exchange…[continue reading]

4) Tornado Cash Reach $1.9 Billion In 2024 Despite Restrictions

Despite the sanctions imposed by the United States Treasury, Tornado Cash has received $1.9 billion in deposits in the first half of 2024. Tornado Cash, a cryptocurrency aggregator, has experienced an unexpected rise in deposit volume, despite the sanctions imposed by the US Treasury in August 2022…[continue reading]

5) The Winklevoss Twins Recently Donated $1 Million In Bitcoin

The Winklevoss twins, Tyler and Cameron, have made a significant political donation by donating $1 million in Bitcoin to Republican candidate John Deaton, who is vying for the Massachusetts Senate seat against Senator Elizabeth Warren. Each brother contributed $500,000 in bitcoin, demonstrating their staunch support for Deaton and their opposition to Warren’s stance on cryptocurrency…[continue reading]