Weekly Report (26 Feb. – 03 March 24) | What Happened This Week In Crypto

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

1) Vitalik Buterin Supports ERC-4337 For Decentralized Fee Markets

Vitalik Buterin emphasized that ERC-4337 is important because it creates decentralized fee marketplaces for smart contract wallets. Vitalik Buterin, co-founder of Ethereum, recently tweeted that ERC-4337 is more important than ever as account abstraction (AA) becomes more popular…[continue reading]

2) Certik Announces $160M Crypto Sector Losses In February Due To Exit Scams And Exploits

The most recent data from CertiK shows that exploits made up $101 million, while exit scams took $58.2 million. The amount recovered was $6.4 million, with $14.6 million being attributed to phishing. At $138,000, the losses from flash loans were negligible…[continue reading]

3) Nigeria Imposes A $10 Billion Punishment On Binance

A special assistant to the president of Nigeria, Bayo Onanuga, revealed this knowledge during an interview with the BBC. The biggest exchange in the world allegedly profited from illicit trades, according to Onanuga. The head of Nigeria’s central bank, the CBN, made similar comments earlier in the week, and his sentiments are in line with them…[continue reading]

4) Ledger Technology’s Second Mainnet Goes Live, Freeing $2.3B In Stolen Assets

The mainnet of the Ethereum layer-2 (L2) network Blast has gone live, releasing approximately $2.3 billion worth of staked cryptocurrency that had been held up on the network. On Thursday at 9:00 pm UTC, L2 activated its mainnet…[continue reading]

5) Vanguard CEO Tim Buckley Plans To Retire at the End Of Year

Vanguard manages the second-most assets behind BlackRock. The corporation said that Vanguard’s customer base increased by tens of millions to over 50 million investors worldwide, and that assets under administration increased by more than 80% to $9 trillion, all while Buckley was at the helm. Greg Davis, the company’s chief investment officer, has been named president of the business, a position he will assume immediately, according to the announcement…[continue reading]