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Five things that happened in crypto this week

The Poly Network hack, a tax battle in Washington and Coinbase’s first public earnings among crypto’s top headlines

By Emily Nicolle
In the early hours of 13 August, the network made it 7.3% harder to solve a block, meaning it will require more power and therefore be less profitable to mine tokens
In the early hours of 13 August, the network made it 7.3% harder to solve a block, meaning it will require more power and therefore be less profitable to mine tokens Photo: Bloomberg via Getty Images

One of the largest ever cryptocurrency hacks and an ongoing battle over US tax provisions dominated the headlines in crypto this week, though changes behind the scenes for bitcoin promise exciting things to come.

In case you missed the action, here are five things worth knowing about.

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