Weekly Report (17 – 23 April 23) | 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) Users Of Trust Wallets Lose $170,000 Due To Vulnerability

The crypto wallet provider disclosed on April 22 that the vulnerability affected purses generated by its browser extension between November 14 and November 23, 2022. In November 2022, an unidentified security researcher disclosed the vulnerability through the Trust Wallet bug bounty program…[continue reading]

2) BRICS Nations Acquire Huge Quantity Of Gold Prior To Plan To Dethrone US Dollar

A group of economically-aligned nations is preparing to terminate their reliance on the U.S. currency by purchasing enormous quantities of gold. According to a recent assessment by U.S. Global Investors, the BRICS nations will continue to be “huge buyers” of gold for the foreseeable future…[continue reading]

3) Solana Now Collects Network-Wide Real-Time Data On Carbon Emissions

Solana’s carbon emissions are now being measured in real-time, the Solana Foundation announced today. It is alleged to be a first-of-its-kind action by “a major smart contract blockchain network.” The code that enables decentralized applications (dapps) and NFT initiatives is stored in smart contracts…[continue reading]

4) The Amount Of Ether Available Has Dropped By 100,000 Coins Since The Merge

Since implementing proof-of-stake, the number of native Ethereum currencies has decreased by 100,000. Since The Merge shifted Ethereum from an energy-intensive proof-of-work consensus mechanism to an environmentally favorable proof-of-stake method, the ether supply has decreased by over 100,000 units…[continue reading]

5) Coinbase Obtains A Bermuda License And An Offshore Exchange May Go Live Next Week

According to reports, the United States-based cryptocurrency exchange intends to swiftly establish a derivatives exchange in the island nation. Coinbase, a cryptocurrency exchange based in the United States, has reportedly received a license to operate in Bermuda and will launch a derivatives exchange there as early as next week…[continue reading]