A recap of notable news from the week.
DeFi News From Last Week
Cryptocurrency never sleeps, and neither does crypto news and content. Because of this constant stream of information, it’s difficult for investors to keep track of the most notable news. In this weekly recap, BSC News shares some of the most exciting stories and breaking news events of the week to help you stay up-to-date on all things DeFi.
Jim Carrey Dropped Secret NFT Collection Under Alias “String Bean”
Many celebrities have capitalized on the NFT trend by releasing their own collections, leveraging their icon status to drive community growth. While this has brought new exposure to NFTs, some collections have been criticized due to a perceived lack of effort beyond attaching a famous name to the project. Notorious actor Jim Carrey went the opposite direction, releasing an NFT collection anonymously using his Web3 alias “String Bean”.
Read more about the collection, titled Germinations, here.
WazirX Bank Accounts Unfrozen by Indian Authorities
Earlier this year, Binance and WazirX engaged in a public spat when the India-based exchange was investigated by Indian authorities for potentially dubious activities. After having its funds frozen back in January of this year, Indian authorities unfroze WazirX’s funds and allowed them to resume banking operations in September of 2022.
Check out why the funds were unfrozen in this article.
A Big Month for Radio Caca, USM, Metamon
Radio Caca has worked its way into the upper echelon of BNB Chain NFT projects, thanks to its variety of offerings, established partnerships with influential figures, and consistent output and performance. August of 2022 saw the company take more steps forward with real-world events, infrastructure upgrades, and more.
Read about everything Radio Caca and its associated projects accomplished here.
Chainalysis Helps Police Seize $30M Linked to Ronin Network Hack
While scams and hacks in crypto often remain unsolved, security in the space has significantly tightened as law enforcement and blockchain companies work together to create a safe environment for users. After the infamous Ronin Network hack saw assets worth over $600 million at the time stolen by North Korean hackers, blockchain forensics and data analysis company Chainalysis helped police track and seize $30 million of the funds.
Read more on how the funds were identified and seized here.
Can Crypto Solve Cannabis Industry’s Banking Problems in USA
Although the cannabis industry has greatly benefitted from relaxed restrictions in the United States, it is still greatly held back by banking and supply chain logistics issues. Due to cannabis remaining federally illegal despite individual state legalization, cannabis companies are unable to use traditional banking to operate, or have access to normal supply and logistics.
Find out how crypto could be the answer to these problems here.