Crypto, The Weekly Recap, the news that should not be missed

The world of cryptocurrencies is constantly evolving, oscillating between promising technological innovations and unprecedented regulatory challenges. While some platforms, like PayPal, seek to democratize access to digital currencies, others, like Binance, are navigating turbulent waters, facing strict regulations, hacks and major financial challenges. At the same time, key industry players such as Vitalik Buterin continue to shape the future of the sector, investors are adapting and nations are considering new monetary strategies.

Binance in Turmoil: Between Regulations, Hacks and Financial Challenges

Binance is going through a tumultuous time right now. Recently, the platform was forced to shut down its cryptocurrency payments service. Additionally, Binance has filed for an SEC “fishing expedition” protection order, due to mounting regulatory pressures. The situation was further complicated with a hack leading to the liquidation of 55 million dollars. Checkout.com, a credit card processing company, also decided to sever ties with Binance amid the storm. OpenSea, the leading NFT marketplace, opted to spin off Binance’s BNB Chain, citing profitability reasons. Additionally, there are rumors that Binance could face liquidation if the price of BNB falls below $212.

Cryptocurrencies Hub: PayPal’s new platform for exchanging cryptos

PayPal has launched “Cryptocurrencies Hub”, a platform dedicated to the management of cryptocurrencies. This initiative allows users to buy, sell, hold and manage their digital assets directly through PayPal. The company aims to simplify access to cryptocurrencies for its millions of users around the world. Read the full article

More than a billion liquidations in 24 hours: investors are panicking

Cryptocurrency markets have had a tumultuous time, with over $1 billion liquidated in 24 hours. This situation caused panic among investors, resulting in a massive sell-off. Major cryptocurrencies, including Bitcoin and Ethereum, suffered significant declines. Experts attribute this volatility to various factors, including the movements of crypto whales and new regulations. Read the full article

Blockchain SEI: SEI activated, crypto counters explode

The SEI-SEI blockchain has been activated, leading to a significant increase in cryptocurrency counters. This new blockchain promises to offer faster and cheaper transactions. It has been well received by the crypto community, which sees it as a major technological breakthrough. Several projects and platforms are already planning to integrate SEI-SEI to improve their services. Read the full article

Shiba Inu (SHIB): Shibarium is finally operational

Shibarium, the dedicated Shiba Inu blockchain, is now operational. However, despite its launch, there are concerns about its effectiveness and ability to meet community expectations. Read the full article

Vitalik Buterin Reveals Ethereum’s Secret Flaws

Vitalik Buterin, the co-founder of Ethereum, recently made shocking revelations regarding flaws in Ethereum’s layer 2 solutions. He mentioned the existence of “backdoors” allowing developers to intervene in the event of a problem. This statement caused a strong reaction within the crypto community, raising concerns about the security and decentralization of Ethereum. Read the full article

BRICS: Towards a new payment system to do away with the dollar

The BRICS countries plan to set up a new payment system to reduce their dependence on the US dollar. Rather than creating a common currency as originally planned, they plan to use their local currencies for cross-border transactions. This initiative aims to strengthen the predominance of their local currencies and counteract the hegemony of the dollar. Read the full article