Weekly Report (10 Jan – 16 Jan. 22) | What Happened This Week In Crypto

This Report will provide you with some important and quick news of cryptocurrencies that happened around the world.

1) North Korean Hackers Stole $400 Million In Cryptocurrency Carefully Last Year

“From 2020 to 2021, the number of North Korean-related attacks increased from four to seven, while the value retrieved via these breaches increased by 40%,” according to a recent research from blockchain intelligence company Chainalysis. “Once North Korea seized control of the monies, they immediately initiated a meticulous laundering operation to conceal and pay out.”…[continue reading]

2) Elon Musk’s Latest Tweet Confounds SHIB And Doge Holders

Shib and Dogecoin community members are left to speculate on what Elon Musk’s latest post may signify, especially in light of Tesla’s recent introduction of items purchaseable with Doge. Elon Musk, the CEO of Tesla and a millionaire, has left the community of two big meme cryptocurrencies – Doge and Shiba Inu – perplexed as to what the eccentric billionaire intended to imply…[continue reading]

3) El Salvador Has Lost $12 Million On Bitcoin Purchases

El Salvador is suffering big losses on its Bitcoin assets as a result of the recent market collapse. Due to the fact that its purchasing procedure and wallets are unknown, the actual quantity remains unclear. However, the loss is estimated to be between $10 million and $12 million…[continue reading]

4) Jack Dorsey’s Block To Become First Major Cryptocurrency To Be Listed On Australia’s ASX

Jack Dorsey’s Block will list on the Australian Securities Exchange on January 20 after its merger with buy-now-pay-later startup Afterpay. According to the ASX’s Group Executive of Listings, the action is a notable first for a crypto-related firm to be listed in the nation and opens the way for similar companies to be listed on the exchange in the future…[continue reading]

5) A Consortium Of US Banks Is Exploring The Possibility Of Launching A Bank-Issued Stablecoin

The FDIC-insured financial institutions organisation formed Wednesday with the objective of establishing a network of banks to accelerate the adoption and interoperability of a bank-minted stablecoin. A consortium of US banks, or “an association of FDIC-insured financial institutions,” comprising New York Community Bank (NYCB), NBH Bank, FirstBank, Sterling National Bank, and Synovus Bank, is preparing to launch the USDF stablecoin…[continue reading]