As a seasoned analyst with over two decades of experience in financial markets under my belt, I must say this week’s crypto highlights are a fascinating blend of innovation, regulation, and intrigue that keep me hooked to the ever-evolving world of digital assets.
This week’s crypto news features significant advancements in the cryptocurrency sector:
Bitcoin
Contrary to suggestions presented in the HBO documentary “Money Electric: The Bitcoin Story,” Canadian programmer Peter Todd has refuted claims that he is the enigmatic inventor of Bitcoin, Satoshi Nakamoto.
On Thursday, there was unexpectedly high inflation, and the Securities and Exchange Commission (SEC) targeted another cryptocurrency infrastructure provider. Despite this, Bitcoin supporters persistently drive up the price of BTC towards a fresh uptrend, while the overall crypto market exhibits positive indicators of recuperation.
Ethereum
As a researcher, I’m drawn to the buzz surrounding BlockDAG, a promising Layer 1 network. The resounding success of its presale is evident, as it attracted high-profile investors who collectively poured in over $10 million within a mere 72 hours.
NFT
Attracting an impressive crowd of 750 attendees, the forward-thinking Web3 label, Rogue Bunnies, successfully organized a prestigious real-world gathering, underscoring the growing impact and relevance of Web3 in our physical world as well.
Web3
During Token2049 Singapore, our Crypto Daily team engaged in an enlightening conversation with Dr. Joshua Peng, the Strategy Lead at zkPass. We delved into their journey, the way they utilize Zero-Knowledge (Zk) technology, the hurdles they’ve encountered, and the practical uses of this technology in everyday life.
Known for being a top player in video game creation worldwide, Ubisoft has unveiled plans to step into the realm of web3 gaming. Their debut web3 title, Champions Tactics: Grimoria Chronicles, is set to hit the market on October 23.
The SUI Blockchain, operated by the SUI Foundation, has confirmed its backing for the native use of USD Coins (USDC) within its system.
Supra Blockchain Layer 1 has introduced a new tool for developers called Supra Containers. This tool lets developers adjust settings like specific processing power or execution areas without having to worry too much about the upkeep of the blockchain system.
In simple terms, Fuse – a blockchain platform specializing in business and merchant transactions within the Web 3 context – has unveiled its inaugural non-custodial banking solution for merchants, named Charge. The objective is to transform payment services across the network.
As a researcher, I’ve been involved in an exciting collaboration between myself and the Malaysia Digital Economy Corporation (MDEC), a government agency. In this partnership, we’ve teamed up with Emerge Group, a firm specializing in web3 marketing and launch assistance, and CARV, a well-known web3 gaming protocol. This alliance empowers us to utilize CARV’s web3 gaming technology to strengthen the local blockchain game ecosystem.
As a seasoned crypto investor, I had the privilege of being interviewed by Crypto Daily recently. Since 2014, I’ve been making waves as an influential voice in the web3 sphere and crypto advertising, all under the banner of my company, Bitmedia.io, which I founded myself.
Regulation
In a complex undercover operation, the Federal Bureau of Investigation (FBI) used a phony digital currency called “NexFundAI” to apprehend people involved in market manipulation and fraud. The FBI confiscated more than $25 million worth of assets as part of this operation.
Under the guidance of US Bankruptcy Judge John Dorsey, FTX’s bankruptcy strategy has been approved. This move paves the way for customers to reap billions in recovery as the bankruptcy process approaches its final stages.
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2024-10-13 18:34