Weekly Report (10 – 16 Oct. 22) | What Happened This Week In Crypto
This Report will provide you with some essential and quick news about cryptocurrencies that happened around the world.
1) Wintermute Promptly Repays A $92 Million TrueFi Loan Despite A $160 Million Hack
After repaying TrueFi’s $92 million loan, Wintermute still owes Maple Finance and Clearpool $97,4 million in loans. When Wintermute, a bitcoin market maker, lost $160 million due to a breach, $189.4 million in debt repayment issues appeared…[continue reading]
2) Shiba Inu Will Get Over 100,000 New Owners In 2022 Despite Pricing Fluctuations
Shiba Inu (SHIB), a meme-based cryptocurrency has seen a rough 2022, with the asset’s value fluctuating amid a larger market slump. Despite the depressed market, SHIB has been able to attract additional investors as the development team works to increase the asset’s usefulness…[continue reading]
3) R. Kiyosaki Suggests Side Businesses And Bitcoin Secure Wealth “When Economy Crumbles”
According to Kiyosaki, Bitcoin (BTC) is among the assets most likely to safeguard wealth, but he cautioned on October 13 that in the case of an economic collapse, the asset would not operate as a buffer for earnings…[continue reading]
4) Paris Hilton-Backed Web3 Firm Proposes A Mature Virtual Real-Estate Game
Everyrealm, a provider of metaverse content with high-flying investors such as Will Smith, Paris Hilton, and venture capital company Andreessen Horowitz, is releasing a “house design” and virtual real estate game geared at older players…[continue reading]
5) Crypto Organization Sues Janet Yellen For Tornado Cash Sanctions
The United States Department of the Treasury is facing a second judicial challenge after its August decision to prohibit Tornado Cash, a service for mixing cryptocurrencies that conceals the origins of coin transactions…[continue reading]