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Weekly Report (22 – 28 July 24) | What Happened This Week In Crypto
This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) WazirX intends to distribute the $230 million hack loss among its users
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Justin Sun urges China to reconsider its stance on cryptocurrency
Justin Sun is of the opinion that the US-China crypto rivalry will be advantageous to the broader crypto industry.
According to Justin Sun, the founder of Tron, China should reconsider!-->!-->!-->…
Bitcoin Approaches $70,000 in the Face of Market Turmoil amid The $35 trillion US National Debt…
Bitcoin is now on the brink of the $70,000 threshold following a historic speech by former U.S. President Donald Trump at the Bitcoin 2024 conference in Nashville, as the US national debt!-->…
$1.3M Crypto Mining Fraud Taken Down by South Korean Authorities
South Korean prosecutors have charged an unnamed individual whom they suspect of orchestrating a $1.3 million crypto mining-themed "scam."
Prosecutors believe that the individual pledged!-->!-->!-->…
A Hong Kong legislator is advocating for the inclusion of Bitcoin in fiscal reserves
According to Hong Kong legislator Johnny Ng, Bitcoin could function as the designated financial reserve for the region.
He stated in a post on July 28 on X that Bitcoin is considered!-->!-->!-->…
Vitalik Buterin Discusses Decentralization During Ethereum Upgrade Debate
In response to comments made by Péter Szilágyi, a principal developer on the Ethereum team, Vitalik Buterin has addressed apprehensions regarding the organization's commitment to!-->…
WazirX intends to distribute the $230 million hack loss among its users
A cyber attack resulted in a $230M loss for WazirX, a significant Indian crypto exchange, which affected nearly half of its reserves.
WazirX, a prominent Indian cryptocurrency exchange,!-->!-->!-->…
FTX Exec Requests Medical Treatment Delay in Prison
Due to the fact that he requires medical treatment as a result of a serious dog bite, Ryan Salame, who was once the co-CEO of FTX Digital Markets, has decided to seek a 45-day extension on!-->…
Donald Trump’s election could potentially result in Ross Ulbricht’s pardon
Donald Trump, the former President, made an important declaration at the Bitcoin Conference 2024 in Nashville. He committed to commute Ross Ulbricht's sentence if he succeeds in his second!-->…
Grayscale Ether ETF Loses $356M Despite ETH Price Rise
Grayscale's ETHE was the subject of the day's outflows, with hundreds of millions of dollars involved.
On Friday, the Grayscale Ethereum Trust ETF (ETHE) was losing value even though!-->!-->!-->…