Weekly Report (29 Aug. – 4 Sep. 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) FIFA Announces World Cup Digital Collectables Initiative On Algorand

According to the organization, the FIFA+ collection, which is expected to appear later this month, will include key events, artwork, and images from the World Cup and Women’s World Cup. This endeavour is comparable to NFT sports collectables such as the basketball-focused NBA Top Shot…[continue reading]

2) Buterin Worries About Bitcoin’s Security

Vitalik Buterin, the creator of Ethereum (ETH), has raised worry about the long-term viability of Bitcoin’s (BTC) security. In an email conversation conducted with Bloomberg journalist Noah Smith and published on September 2, Buterin detailed two reasons for his future security concerns about Bitcoin…[continue reading]

3) Babylon Finance Will Discontinue Protocol After A $3.4 Million Loss Due To A Rari Breach

Due to a shortage of operating money, Babylon Finance plans to shut down its decentralized asset management service in November. The Bablyon team claims it has been unable to reverse the “bad momentum” produced by the April Rari breach, in which $3.4 million were stolen…[continue reading]

4) Investors Encouraged To File A Lead Plaintiff Motion In Coinbase Lawsuit

In light of Coinbase’s continued legal troubles, investors in the company’s shares have been reminded of the deadline for filing a lead plaintiff motion in a securities class action complaint against the business. Bernstein Liebhard, a legal firm specializing in investor rights, said in a news release dated August 31 that the deadline applies to investors who acquired Coinbase assets between April 14, 2021 and July 26, 2022…[continue reading]

5) Bitcoin Beach In El Salvador Will Get Almost $200 Million In Infrastructural Development

As a result of the beach’s acceptance of Bitcoin (BTC) to build a circular economy in the area, the beach has attained iconic status. These expenses will be used to create brand-new facilities to improve the holiday experience of the destination’s visitors…[continue reading]