You’ve likely heard that Ethereum upgraded its network on Thursday. It’s the biggest news of the week. Called the London hardfork, Changehero wants to tell you why it’s so damn important. Since then, the blockchain has burned 36 percent of new coins issued. Cofounder Vitalik Buterin believes another upgrade could reduce energy use by 99 percent.
Yesterday, bitcoin hit a new high since May. Yahoo! blames it on Ethereum’s hard fork. On the other hand, one analyst is predicting a new bottom. At publication time, Bitcoin was at $43,497.90.
Ripple CEO Brad Garlinghouse compared the SEC to an alcoholic in denial. Even as the barroom brawl between the company and the U.S. securities regulator continues, Ripple is looking forward to federated sidechains. Meanwhile, Uphold is launching XRP debit cards with cashback. After the announcement, XRP’s price shot up 30 percent. You see, these are just the kind of initiatives that will move crypto out of the barroom and into the lounge. Ripple’s also looking at NFTs for digital rights management.
Down the street, in another bar called the Capitol, another brawl is brewing. U.S. Treasury Secretary Janet Yellen is lashing out at Republican senators over crypto regulation stuffed inside President Joe Biden’s infrastructure bill. Somebody’s always got to stuff something somewhere, don’t they? Coinbase CEO Brian Armstrong got his punches in too.
In Ukraine, a new bill could allow payments in cryptocurrency. At least someone has some sense.
It looks like there’s a change in the weather at Accuweather. The popular online brand is launching a Chainlink node with a weather API for deployment with smart contracts. There are several ways this approach could work for Accuweather and crypto enthusiasts. Two ways include: 1) NFTs that change in value depending on weather data and 2) weather prediction markets. How do you think Accuweather will use this technology?
I got to thinking one day, what are the benefits of decentralization for businesses? I wrote them down then asked a graphic artist to make an infographic depicting 8 benefits of decentralization for businesses. Here’s what she put together.
Binance Smart Chain has passed Ethereum in daily transactions and a few other metrics.
Could a new bitcoin tax plan stifle green technology?
Rapper KSI thinks it’s a good idea to offer everyone a bitcoin stimulus package. I imagine he does after suffering such big losses on his BTC investing strategy.
Binance Coin has increased in value 900 percent in two years.
South Korea is shutting down 11 digital currency exchanges.
Coinbase is opening the door to crypto-buying through Apple Pay.
Shark Tank’s Kevin O’Leary has gone from one of bitcoin’s biggest critics to one of its most devoted investors. Find out how much of his portfolio is made up of bitcoin. I knew there was a reason they called him Mr. Wonderful. It can’t be because of the size of his, uh, crypto collection.
Should stablecoins be treated like banks?
The U.S. has seized $1.2 billion in cryptocurrencies this year.
Bitcoin SV has suffered a 51% attack and lost 5 percent of its value. So much for Satoshi’s vision.
Neobank MovoCash has launched a real-time crypto conversion service.
Web 3.0 tokens are the hottest thing on the market right now.
Just in case you wanted to know, here’s why banks create their own cryptocurrencies.
New Book Alert!
Remember, be on the look out for my new book! Cryptosocial: Is Social Media Ready for Decentralization? will hit the bookshelves this fall.
First published at Cryptocracy. Not to be taken as financial advice.
Image sources: Header image and Ethereum graphic from BitMEX blog and the bitcoin price chart from CoinMarketCap.
Resources
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https://www.africanexponent.com/post/8920-why-do-banks-create-their-own-cryptocurrencies