The BTC 2022 conference is the top story in the crypto market this week, which attracted renowned individuals flocking to the city of Miami. That improved the town as the crypto hub of the United States. Meanwhile, Binance completed the fundraising campaign to raise cash for compensating Ronin hack victims. Let us dig deeper.
Bitcoin
The Miami 2022 Bitcoin conference welcomes cryptocurrency fans globally as the city works on cementing itself as a leading crypto hub in the United States.
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Decentralized Finance (DeFi)
Binance collaborated with crypto to conclude a $150M fundraising campaign to reimburse users that suffered the Ronin Hack. On the other side, a scheduled security audit turned out to be a possible danger for Convex Finance (CVX) as the OpenZeppelin security team uncovered vulnerabilities amidst a safekeeping review.
Altcoins
Avalanche and Terra joined forces for a $100M treasury swap between Avalanche Foundation and Luna Foundation Guard (LFG).
An American investment company Tiger Global led a $350 million funding round for NEAR Protocol.
Technology
Intel introduced an ASIC designed for mining PoW (proof-of-work) blockchains that utilize SHA-256 encryption, like Ethereum and Bitcoin.
HBAR Foundation introduced a $250M Metaverse Fund to draw top-notch brands to join the Hedera metaverse network via different avenues.
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CertiK, a blockchain security company, pushed its valuation towards $2 billion after raising $88M in its recent fundraising round.
Chief Howard Schultz declared that Starbucks plan to join the Metaverse bandwagon by its 2022 NFT debut.
Adidas collaborates with the cross-game avatar site Ready Player Me to launch the first personality-centered A-supported avatar creation network.
A phishing scam targeted Trezor users through their registered emails. That was after the MailChimp data breach.
Regulation
Treasury’s Janet Yellen recently hinted that United States CBDC could be far more than thought.
Two U.S House members proposed a bill to mitigate risks related to El Salvador’s BTC adoption as a legal tender.
HM Treasury declared London would welcome crypto, with John Glen stating that the United Kingdom is ready for cryptocurrency business.
ESPN collaborated with Tom Brady (NFL legend) to create an NFT collection on the Polygon network.
What else did we miss on crypto developments over the past week? Feel free to add your comments in the section below.
