Weekly Report (15 – 21 August 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) Coinbase Reportedly Close To Acquiring Bitcoin Exchange Mercado, While Binance Prepares Rio Expansion

It is possible that Coinbase and Binance may compete in Brazil with their respective growth ambitions. Coinbase is apparently pursuing a massive M&A transaction to acquire one of the largest crypto exchange platforms in Latin America, while Binance has indicated it would launch its own Brazilian operations…[continue reading]

2) Malware Intelligence Software Provides Tokens For Information Sharing

The sharing of data will aid in the development of anti-malware programs, similar to “an Internet-wide neighbourhood watch.” Cybersecurity marketplace PolySwarm has released a browser extension that enables clients to earn native token nectar (NCT) while browsing the web…[continue reading]

3) Ukraine Gets New Weapons With $60 Million In Crypto Funding

The Russian invasion of Ukraine triggered crypto contributions from across the globe. It was meant to aid the nation in amassing all the essential military weaponry to endure the fight with Russia. Ukraine acknowledged how crypto contributions were used, indicating that the bulk was spent on weapons…[continue reading]

4) Terra’s Do Kwon Is Looking For Help From A Korean Law Firm As The Investigation Heats Up

Do Kwon, the CEO of Terraform Labs has hired a lawyer in preparation for potential legal action, days after making a public appearance following the fall of his company, which sent shockwaves through the cryptocurrency industry...[continue reading]

5) Britain Faces Its First Year Of Double-Digit Inflation In 40 Years

According to the Office for National Statistics, the inflation rate in the United Kingdom hit 10.1%. The Consumer Price Index (CPI) increased by 10.1% between July 2021 and July 2022. It is a considerable increase from June’s 9.4%…[continue reading]