Pocket News

Welcome to Clutch’s weekly pocket news.

 

Each week, we’ll keep you up to date on C&C (Clutch & Crypto). We will share web3 news stories, Clutch Wallet updates, community news and most importantly, weekly memes.

Clutch Wallet

A non-custodial social wallet offering users an all-encompassing transacting experience underpinned by social, media, education, and seamless web3 integration.

Tornado Cash gets wrecked, The merge is emerging, BTC and ETH up

And who needs Ryan Gosling when you have Vitalik? 
 
If you’re a part of our OG community, check your email so you can start using our product! 

 

SPILL THE NFT

Want the dish on NFTs? Be sure to check out our new NFT Education Module. We’ll give you all the deets on NFTs and how to value them. 

Crypto News

Tornado Cash troll sends ETH to hundreds of public wallets - including celebrities Jimmy Fallon and Steve Aoki.

Tornado cash, an Ethereum-based crypto-mixing service, was banned on Monday by the U.S. Treasury Department, but that didn’t stop an anonymous Tornado Cash user from dusting hundreds of public wallets. Going forward, the Treasury Department will sanction the use of Tornado Cash wallets due to the volume of money laundering ($7 billion) on the mixer.

 

More TC drama! Tornado Cash Developer arrested in the Netherlands.

Following the dusting, a Tornado Cash developer was arrested in the Netherlands. Many crypto advocates are decrying this move and calling it a war on crypto. Known for sanctioning people or entities, this is only the second time the department has ever sanctioned a virtual currency mixer.

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The only time you’ll ever be into a POS. Ethereum’s merge is on course for completion in September.

The third and final tesnet for Ethereum’s merge, Goerli, successfully made its transition from Proof-of-Work (PoW) to energy-efficient Proof-of-Stake (PoS). This “dress rehearsal” sets the stage for the completion of the merge scheduled for mid-September.

Follow up. Nearly 88% of exploiters in Nomad Hack were copycat attacks.

Some of the exploiters behind Nomad’s bridge attack last week were likely those who copied the key attacker’s code and executed their own attack, according to an analysis by Coinbase. Coinbase concluded that hackers took advantage of a Replica implementation by creating a message that tricks the bridge into sending stored tokens without authorization.

Markets WYD?

Bitcoin (BTC) is up 0.71%, while Ethereum (ETH) has been up 7.6% in the last week. Bitcoin reached $25,000 before falling back down. Ethereum hit $2,000 for the first time since May. Some believe the price of Ethereum surged 70% in July in anticipation of the merge.

 

Community Update

InPeak and Hot Wallets

In our event with InPeak, we discussed the following:

 

  • ­What is a hot wallet and why is it hot?
  • How and when to use hot wallets
  • The security of your digital assets with Clutch

Upcoming Events

HerHouse Twitter Space

Date: Thursday, August 18th 

Time: 6:30 – 7:30 pm EDT

Topic: How to Get Funded: Preparing to Raise

 

Sign up here! 

Look out, LATech Week, we’re showing up Clutch.

If you’re joining in LA, keep an eye out for our co-founder, Bec Jones! 

Clutch is sponsoring the LATech Week party,“Hip Hop Night at the Fed.”

Written By

Nargiza Schmidt

Weekly Newsletter

Web3 news, Clutch Wallet updates, community news, and most importantly, weekly memes.

Weekly Newsletter

Web3 news, Clutch Wallet updates, community news, and most importantly, weekly memes.