Last week’s Hot Altcoin events

Last week's Hot Altcoin events
Last week’s Hot Altcoin events

Weekly Digest Hot Altcoin events

7 years ago, on July 30, 2015, the Ethereum Genesis block was generated.

Meta has announced an integration with Flow to post digital collectibles minted on the Flow blockchain.

Twitter has subpoenaed some companies involved with Elon Musk in the acquisition of Twitter, including Binance.

Coinbase is partnering with BlackRock, an asset manager, to provide institutional clients of Aladdin, BlackRock’s end-to-end investment management platform, with direct access to crypto, starting with bitcoin, through connectivity with Coinbase Prime.

Coinbase Prime has introduced an Ethereum staking for US institutional clients.

Binance and Mastercard launch prepaid card in Argentina to bridge cryptocurrencies and everyday purchases.

CME Group to Launch Euro-denominated Bitcoin and Ether Futures on August 29

The Indian Directorate of Enforcement is investigating WazirX (the exchange, which operates as an independent subsidiary of Binance) to determine whether it facilitated the laundering of 2,790 crore Indian rupees (over $350 million) through its platform, the country’s Finance Minister, Pankaj Chaudhary.

India’s financial crime-fighting agency said that it has frozen the assets of WazirX worth 646.70 million rupees ($8.16 million).

Binance CEO has commented on the Binance and WazirX situation.

CZ said that Binance does not own any equity in Zanmai Labs, the entity operating WazirX.

On 21 Nov 2019, Binance published a blog post that it had “acquired” WazirX. This transaction was never completed. Binance has never – at any point – owned any shares of Zanmai Labs, the entity operating WazirX.

Binance only provides wallet services for WazirX as a tech solution. WazirX is responsible all other aspects of the WazirX exchange, including user sign-up, KYC, trading and initiating withdrawals.

See also  Last week's Hot Altcoin events

Huobi has received the regulatory greenlight to offer its services in Australia.

Aave community has given the greenlight for GHO stablecoin.

Michael Saylor will stepp down as CEO of MicroStrategy and will assume the new role of Executive Chairman on August 8.’s owner and technology provider, Chiliz, will invest €100 million (~$102 million) to acquire nearly a quarter of Barça Studios, which manages the FC Barcelona audiovisual productions and digital business offerings.

Crypto venture capital firm Hashed lost more than $3 billion from its investment in the Terra ecosystem’s luna token following its crash in early May, Hashed CEO and managing partner Simon Seojoon Kim has confirmed.

The New York State Department of Financial Services imposed a $30 million fine on the cryptocurrency trading unit of online brokerage Robinhood Markets Inc. for alleged violations of anti-money-laundering and cybersecurity regulations.

According to Robinhood CEO Vlad Tenev, Robinhood is reducing its headcount by approximately 23% due to deterioration of the macro environment.

Blockchain security firm Halborn has issued warnings over a new phishing campaign targeting users of MetaMask and tricking them into giving out their passphrase. 

Arnault-backed VC firm Aglaé Ventures to launch €100 million ($102 million) web3 fund.

Lattice Capital, a venture capital firm that makes early-stage bets on crypto projects and protocols, has raised $60 million for its second fund.

Voyager is approved to return $270 million in cash deposits to customers.

The cross-chain token bridge Nomad was exploited, with attackers draining the protocol of virtually all of its funds.

$190 million withdrawn from hacked Nomad Bridge.

See also  Last week's Hot Altcoin events

The hack is unusual because after the first attack, many other accounts were able to exploit the vulnerability.

~11.6% ($22m) of stolen funds have returned to the Nomad Funds Recovery Address.

~$95m (50% of stolen funds) have no further movement yet.

Reaper Farm, a yield aggregator, suffered an exploit. The exploiters already transferred ~1.6M DAI and 62 ETH (~$1.6M) into TornadoCash, according to Peckshield.

An unknown attacker drained more than 5,000 wallets containing at least $4 million worth of Solana and USDC.

Slope Wallet has announced that it will pay a 10% bounty (worth around $450,000) if the attacker returns the stolen funds.

It is reported when a Near wallet user chose “email” as the seed phrase recovery method, the seed phrase is leaked to a third party site. Therefore, in order to avoid a situation like with Slope wallets on Solana, it is recommended to transfer funds to a new address.

GitHub faced a widespread malware attack. Over 35k repositories are infected.

ZB exchange’s hot wallet has been hacked for $4.8 million.

Ethereum co-founder Vitalik Buterin says that centralized stablecoins such as Tether (USDT) and USD Coin (USDC) could become “a significant decider in future contentious hard forks.”

Tiffany & Co., a jewellery firm, has announced the launch of the limited NFT collection.

Starbucks will unveil its web3 initiative, which includes coffee-themed NFTs, at next month’s Investor Day event on September 13, 2022.

Waves, a blockchain used to create custom crypto tokens, will implement a user-approved plan to navigate the liquidity crisis on its primary lending platform, Vires.Finance.

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