Weekly Report (14 – 20 Aug. 23) | What Happened This Week In Crypto

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

1) OpenSea Has Made The Decision To Stop Supporting Binance’s Smart Chain (BSC)

OpenSea, the most important marketplace for NFTs, revealed on Twitter that it would stop providing support for Binance Smart Chain (BSC) NFTs. The company gave as its reason the need to focus its efforts on more interesting and productive activities…[continue reading]

2) Over $1 Billion Has Been Wiped Out Of The Cryptocurrency Market As Bitcoin Drops To A Two-Month Low

Bitcoin regained some of its losses on Friday morning in Asia, trading at US$26,800 after hitting a two-month low of roughly US$25,400. Ethereum likewise saw a precipitous decline to a low of roughly US$1,550 before recovering to a price of just around US$1,700…[continue reading]

3) Hackers From North Korea Have Stolen $2 Billion Worth Of Cryptocurrency

TRM Labs predicts that in 2023 alone, hackers from North Korea will steal $200 million worth of cryptocurrencies. Hackers from North Korea have stolen an estimated $2 billion worth of cryptocurrencies, posing a constant danger to the cryptocurrency industry as a whole…[continue reading]

4) Mastercard’s CBDC Innovation Promotion Program Includes Participation From Ripple And ConsenSys

“To bring a greater understanding of the benefits and limitations” of central bank digital currency (CBDCs), Mastercard said on August 17 that it will be launching a collaboration program with seven leading blockchain and payment technology firms…[continue reading]

5) Singapore Dismantles An Alleged $735 Million Crypto-Based Money Laundering Scheme

Singaporean law enforcement has claimed to have recovered 11 files including details on cryptocurrency holdings, it is not known how much was at stake. Rules for the regulation of stablecoins were finalized in the city-state on Tuesday, showing that it is still dedicated to regulating the cryptocurrency business…[continue reading]