These are the 5 most important news of the week

Another exciting week in the crypto space is coming to an end. The most important events around Bitcoin, Ethereum and Co. at a glance.

Timeless: Crypto Startup Hit by $32M Theft

On November 19, one of the biggest robberies in recent years took place in the Charlottenburg district of Berlin. Burglars stole money and expensive valuables from a safe.

However, what later turned out to be that Berlin-based crypto startup Timeless also stored luxury watches in the lockers and was affected by the burglary. Additionally, BTC-ECHO was able to exclusively discover that the total damage is much higher than originally assumed.

All information about the burglary can be found here: Total damage caused by watch theft amounts to 32 million euros

Nexo: the crypto lending service closes its operations in the United States

The talks with the American authorities had ended without success and, according to their own declarations, had “resulted in an impasse”.

According to this, Nexo is forced to stop its services and products in the USA “gradually and in an orderly manner in the coming months”. After the bankruptcy of FTX, rumors of financial difficulties at Nexo also increased.

You can read everything else here: Nexo abandons US business

MetaMask: wallet comments on claims

The popular Web3 Wallet has now spoken about the recent privacy scandal. When it became known that MetaMask collects data from its 31 million customers when they use the network through the Infura service.

ConsenSys, the company behind the wallet, has now updated the guidelines on its website: “We are committed to protecting the privacy of users of our products so that our users are not – and ultimately cannot be – betrayed. by another centralized entity. »

You can find more information in this detailed article: Just a misunderstanding? MetaMask responds to privacy scandal

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Polygon: Ethereum sidechain cooperates with Warner Music Group

Polygon (MATIC) can shine with another top-notch partnership. Together with the Warner Music Group, the Ethereum scaling solution wants to develop a new Web3 music platform.

Meanwhile, Polygon is becoming a real crypto favorite among big companies. Among others, companies like Meta, Starbucks or Disney are on the list of its partners.

You can read more details about Polygon’s new cooperation here: Polygon and Warner Music launch virtual music platform

Binance: verification of proof of reservations completed

After the collapse of FTX, more and more crypto exchanges appeared disclosing their assets and corresponding wallet addresses. Including Binance crypto exchange.

After the world’s largest crypto exchange leaked a snippet of its crypto reserves, its review by an external audit firm now appears to be complete. Result: users’ credit balances are sufficiently secure.

We have already told you here how other crypto exchanges behave.

You can read everything else here: Binance bitcoin holdings are secure enough

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