Weekly Report (08 – 14 July 24) | What Happened This Week In Crypto
This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) Trump Flees Rally Shots With Possible Injury
After hearing deafening sounds that resembled gunfire or explosions, former President Donald Trump was promptly removed from the stage minutes into his rally in Pennsylvania on Saturday, as indicated by numerous media reports and video footage…[continue reading]
2) Musk Claims EU Intended “Secret Deal” To “Censor Free Speech” Following Punishment
Elon Musk accused the European Commission of acting in poor faith after the bloc threatened his social network, X, with a fine. The penalty for violating the EU’s Digital Services Act (DSA) could exceed millions of dollars. He claimed that the EU was interested in a “secret agreement” that would “censor free expression,” but X declined.”…[continue reading]
3) Kraken’s Executive Is Positive About The Ethereum ETF’s Launch
Perfumo also expressed confidence in the potential for bipartisan support for crypto legislation among US legislators. While discussing political developments in the United States, Kraken Head of Strategy Thomas Perfumo stated that spot Ethereum (ETH) ETFs could be beneficial to the crypto sector…[continue reading]
4) Mastercard Collaborates With Alchemy Pay To Enhance Security And Combat Fraud
The objective of this collaboration is to combat identity fraud and other malicious activities by employing sophisticated machine learning to identify and authenticate legitimate users, thereby substantially decreasing fraudulent activities…[continue reading]
5) Robert Kiyosaki Anticipates Substantial Gains For Bitcoin
Kiyosaki underscored the significance of these assets as repositories of value in a recent tweet, and he encouraged investors to take advantage of the current market conditions. He emphasized the significance of Bitcoin in institutional investment, comparing market dynamics to a complex card game in which strategic maneuvers can result in victory…[continue reading]
6) Vitalik Buterin Wants Automatic Responses To The 51% Attack
The Ethereum co-founder arrived at the Ethereum Community Conference (EthCC) in Brussels. Buterin highlighted the necessity of Ethereum’s enhanced ability to pivot in the event that dangerous actors obtain control of the network during his keynote address. He promoted the expansion of research and the creation of automated responses to 51% attacks, in which an attacker generates more blocks than legitimate validators…[continue reading]
7) Exploiter Launders $4.6 Million Via Tornado Cash
In July 2023, Curve Finance, a prominent DeFi protocol, experienced a significant security compromise. According to PeckShieldAlert data, the perpetrator transferred approximately 1,500 ETH (equivalent to approximately $4.6 million) to a new address, 0xc772…7475…[continue reading]