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- It’s been a mixed bag for crypto this week with two crypto-exchange founders pulling off the largest crypto heist in history, John McAfee ending his life, and crypto companies looking for ways to be more environmentally friendly.
- El Salvador continues to roll out the red carpet for its new crypto-based economy that will come into effect on September 7.
- Check out everything that happened in the cryptocurrency market last week.
The world of cryptocurrencies saw some noticeable developments in the week gone by.
Anti-virus mogul and Bitcoin bull, John McAfee, allegedly committed suicide while waiting to be extradited to the US in a Spanish jail. He was accused of evading tax for four years.
Meanwhile, in South Africa, two brothers have reportedly made off with nearly $4 billion in cryptocurrencies. They told investors that the exchange was hacked, but the authorities have been unable to track down the founders for more questions.
Yet, the crypto community carries on. El Salvador has created an ‘official’ digital wallet to help its citizens hold Bitcoin and is offering anyone who signs up $30 in the cryptocurrency as a reward.
On the other side of the ocean, Dubai is hosting The Bitcoin Fund on its exchange. This makes the Arabian country the first to have a digital asset-based fund in the Middle East and North Africa marking a huge sign of adoption within the region.
Here’s our weekly roundup of the best cryptocurrency news from the week gone by:
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