Weekly Report (18– 24 Dec 23) | What Happened This Week In Crypto

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

1) Paraluni Crypto Protocol Lost $336,000 Due To Attack On Price Manipulation

Beosin, a blockchain security company, has disclosed that the crypto protocol Paraluni was the victim of a price manipulation assault, which caused a significant loss of almost $336,000. The event shows how vulnerable the cryptocurrency sector is to security breaches and how the digital asset business needs stronger safeguards and constant monitoring…[continue reading]

2) Microsoft Abandons Windows Mixed Reality In Support Of Artificial Intelligence

The recent announcement by Microsoft about the end of support for its Windows Mixed Reality platform indicates the tech giant’s intention to move away from AR and VR. Since Microsoft has already reduced its HoloLens efforts, this decision does not surprise industry watchers. As AI continues to gain traction, the IT behemoth seems to be placing its bets on this technology to power the computers of the future…[continue reading]

3) Elon Musk Has Said That X Would Introduce Its Payment Services In The Middle Of 2024

X owner Elon Musk is projected to launch X payments around the middle of next year, at the earliest. While the incorporation of cryptocurrency is now still a distant prospect, Elon Musk’s “everything app” X is anticipated to include in-app payment services on its social networking platform somewhere in the middle of 2024…[continue reading]

4) Cardano Foundation Works With Big Oil Company In Brazil To Promote Blockchain

Petrobras is the biggest Brazilian enterprise, and the Cardano Foundation is teaming up with them to teach people about blockchain technology and find applications for it in the energy industry. Petrobras, the state-owned oil business of Brazil, and the Cardano Foundation have joined forces to educate the public about blockchain technology and investigate its potential applications in the energy industry…[continue reading]

5) The Sandbox’s Goal Is To Establish India As Its Key Market

The Sandbox is eyeing India as its top market thanks to its partnerships with CoinDCX and Okto. A platform for the metaverse The Sandbox, a wholly owned subsidiary of metaverse gaming and venture capital powerhouse Animoca Brands, entered the Indian market early this year via a joint venture with a local firm. The company plans to make India its biggest market over the next two years…[continue reading]

6) The Court Has Prevented DCG From Selling Its Stake In Bankrupt Genesis

As a major step forward for the cryptocurrency sector, the court has ruled that Digital Currency Group (DCG) cannot reduce its stake in Genesis, its bankrupt company. A court document dated December 18 details this judgment, which is based on a finding by Judge Sean Lane. The order highlights the significance of DCG’s ownership in Genesis for tax advantages under U.S. law…[continue reading]

7) Binance Receives Justin Sun’s Massive SHIB Withdrawal

According to SpotOnChain statistics, Justin Sun made a substantial withdrawal on December 19. From Binance, the Tron developer withdrew 500 billion SHIB, or $5.22 million. This last development in particular lends credence to the idea that he is engaging in tactical trading in anticipation of the crypto market re-entering its 2021 greed levels…[continue reading]