Crypto Weekly Roundup: Ronin Bridge Hack, Blockchain.com’s $14B Valuation, Solana NFTs On OpenSea, And More

This week has been a busy one in the crypto world. The Ronin sidechain of Axie Infinity was hit with an exploit that robbed it of millions of dollars. However, crypto exchange Blockchain.com saw its value rise to $14 billion. Let’s learn more.

Bitcoin

Kraken users reported that the functionality for Bitcoin Lightning Network is already available on the Kraken exchange, despite the fact that the crypto exchange was aiming to launch these functionalities earlier.

Apple CEO is expected to announce BTC payments at the forthcoming Bitcoin Conference in Miami, which will take place from 6-9 April.

MicroStrategy by Michael Saylor announces that one its subsidiaries has taken out $205 million in loans to purchase more BTC.

Grayscale is currently planning to launch an ETF for Bitcoin. According to reports, it is prepared challenge the SEC if its application for spot ETF is denied.

DeFi

DeFi protocol Ola Finance was the victim of a reentrancy attack, which saw $3.6 million worth crypto stolen from its protocol.

Wave Financial has announced the launch a new fund to increase liquidity options for newly established DeFi platforms based on the Cardano ecosystem.

Axie Infinity’s Ronin sidechain was exploited by a threat actor, who stole an estimated $625million in USDC or ETH.

Hedera Hashgraph, one of the tech developers behind the program, opened a DeFi incentive programme through the HBAR Foundation.

Technology

Citibank, the banking giant, has indicated that it is bullish about the metaverse and predicted that it could grow anywhere from $8 trillion to $13 trillion by 2030.

LayerZero Labs completed a $135 million Series B round of investment led by Andreessen Horowitz and FTX Ventures.

Shiba Inu developers released its latest update with “SHIB The Metaverse,” as it previously announced last month.

Opera has launched multichain compatibility through its Crypto Browser initiative.

Recently, the state government of Maharashtra announced its partnership with Polygon in order to issue verifiable casting certificates via LegitDoc’s blockchain platform.

MetaMask, a crypto wallet company, has updated its iOS app. This allows iPhone users to purchase crypto using Apple Pay.

Business

Binance was the first official cryptocurrency exchange partner for the Grammy Awards for Music.

Blockchain.com is valued at a staggering $14 Billion after it raised an undisclosed amount of funding from several global VC companies.

Dubai’s Citizens School has announced that it will accept payment in BTC or ETH for school fees, making it the first Middle School in Dubai.

The Helium decentralized wireless network development team (HNT), announced that Nova Labs would be its new trade name.

Lionel Messi, the football legend, signed a $20 Million deal with Socios.com in order to be the global brand ambassador for the fan token website.

The NFL announced that Detroit will host the 2024 draft. They also revealed that teams could seek blockchain partnerships through platforms like Coinbase or FTX.

Through a partnership with Mastercard, BTC Markets, an Australian crypto exchange, is now able to offer debit, prepaid and credit card payment options to its customers.

According to local media, Coinbase Global has been reported as being in discussions to buy 2TM, the parent company for Brazil’s largest cryptocurrency exchange Mercado bitcoin.

Regulation

Senior Bank of Japan officials commented on the necessity of a common framework for cryptocurrency regulation before they “upend the global settlement system.”

Sources claim that the Indian government is still waiting for a consensus to regulate cryptocurrency assets.

The EU vote could force crypto exchanges to report crypto transactions exceeding $1000 from “unhosted crypto wallets” and collect personally identifiable data.

Yoon Suk-yeol, South Korea’s new president, has pledged to relax crypto regulations and implement pro-crypto measures.

In accordance with revisions to its guidelines, the FCA extended March 31st for selected crypto firms that fall under its jurisdiction.

The Vietnam Ministries of Finance, Justice, Information & Communications will work together to help the State Bank of Vietnam develop a legal framework for cryptocurrencies.

Multiple UK-based cryptocurrency companies were forced to relocate abroad by FCA’s strict standards for regulatory approval.

The UK’s finance minister will issue new regulations regarding cryptocurrencies and blockchain technology in its jurisdiction.

Two resolutions on crypto assets and blockchain technology were passed by the Austin City Council.

NFT

Samsung announced the launch of the first ever Smart TV NFT Platform in collaboration with Nifty Gateway, Gemini’s NFT marketplace.

OpenSea suggests that Solana NFTs may be coming to the OpenSea NFT Marketplace.

Visa, a payments technology company, launched the Creator Program to help small business owners and teach them about NFTs.

The Meta History Museum of War was launched by the Ministry of Digital Transformation in Ukraine alongside a collection of NFT titled “Warline”.

Disclaimer: This article is intended for informational purposes only. This article is not intended to be used for legal, tax, investment or financial advice.

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https://cryptodaily.co.uk/2022/04/crypto-weekly-roundup-ronin-bridge-hack-blockchain-dot-com-s-14-b-valuation-solana-nfts-on-opensea-and-more