Weekly Report (22–28 April 24) | What Happened This Week In Crypto

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

1) Io.Net Addresses The GPU Metadata Breach

There was a recent cyberattack on the decentralized physical infrastructure network (DePIN) known as Io.net. On the GPU network, malicious users were able to make unauthorized changes to device metadata by using exposed user ID tokens to perform a SQL injection attack…[continue reading]

2) Google Cloud’s Web3 Gateway Debut Ignites Crypto Discussion

New data sets and lessons on how to create nonfungible tokens (NFTs) are among the blockchain development tools offered by Google Cloud’s new Web3 site. But the digital currency industry’s reaction has been all over the map…[continue reading]

3) Wasabi Wallet Suspends US Services Following Samourai Money Laundering Case Worth $100 Million

The website zkSNACKs and its wallet, Wasabi, will be inaccessible to US citizens and residents forever, as announced in a blog post by the company on April 27. In addition to these services and products, the software corporation will deactivate RPC interfaces and application programming interfaces…[continue reading]

4) DOJ Counters The Defense Of Roman Storm In The Tornado Cash Case

Regarding Tornado Cash, the US Department of Justice (DOJ) has just responded to rate creator Roman Storm’s request. Storm made an effort to establish his innocence in court. The Department of Justice (DOJ) moved on Friday to have the jury decide on these facts rather than the defence team…[continue reading]

5) UK Strengthens Its Authority To Seize Crypto Assets In Response To Illegal Conduct

The government of the United Kingdom is stepping up its efforts to combat crime involving cryptocurrency. The National Crime Agency (NCA) and other law enforcement organizations will have more power to confiscate, freeze, or destroy criminals’ cryptocurrency holdings beginning on April 26, 2024…[continue reading]