Bitcoin, Ethereum, Cosmos and more Week 41 2023
All things crypto, web3 and blockchain across all the Coin Clubs
TLDR: GBTC ETF Moves Closer, Babylon Launch Bitcoin Staking Protocol, Satoshi Reappear, Ferrari Accepts Bitcoin, Hacker Return Assets to HTX Global, Optimism Launch Fault-Proof System, Stride Propose STRD to ATOM Conversion & Gnoswap Become First DEX on Gnoland.
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Bitcoin Highlights of the Week
The SEC will not appeal its loss in the Grayscale Case where an BTC ETF is on the table. This news, boosts the odds for Grayscale BTC ETF (GBTC) to become a reality.
Babylon, a crypto security blockchain, is quietly working on a project that could bring economic security to emerging Proof-of-Stake (PoS) chains.
The dormant Twitter account @satoshi, believed by many to be associated with the mysterious creator of Bitcoin, Satoshi Nakamoto, has sprung back to life after five years of silence.
Ferrari has now started to accept payment in cryptocurrency for its luxury sports cars in the US, and plan to extend the scheme to Europe following requests from its customers.
Volcano Energy and Luxor Technology have partnered to create "Lava Pool" which is El Salvador's first Bitcoin mining pool powered by geothermal energy, prompting to address Bitcoin’s recurrent sustainability problem.
Ethereum Highlights of the Week
The proposed staking design changes from Vitalik will provide delegators power to choose nodes and participate in consensus. This improves decentralization and reduces consensus overhead.
Honda now accepts cryptocurrencies like Bitcoin and Ethereum through FCF Pay, marking a significant step toward cryptocurrency adoption in the automotive industry.
Chainlink introduces Functions which is a tool that enables developers to combine data configuration and computation within a single oracle network.
HTX Global suffered a loss of 5.000 ETH ($8 million USD) due to a hacker attack back in September. Now, the hacker has returned the assets in full due to a white hat bonus of 250 ETH.
Optimism launches "fault-proof system alpha" on the OP Goerli testnet. This system comprises three crucial components aimed at bolstering the security and reliability of the Optimism network.
Cosmos Highlights of the Week
The idea revolves around converting the entire STRD supply into ATOM. ATOM could emerge as the governance token for Stride, effectively transforming the Stride blockchain into a Cosmos Hub satellite chain.
Gnoland has taken a giant leap forward with Gnoswap, which is the first DEX built using Gnolang - a variation of the widely-used Go programming language (Golang) that powers the Gnoland blockchain ecosystem.
Thorchain has been making waves in the crypto world with its innovative solutions for swapping and borrowing assets. The key component of Thorchain is RUNE, which play a key role in facilitating liquidity.
Akash Network has launched the first decentralized foundational model to be trained on a decentralized cloud. This is quite revolutionary as it has not been done before.
Nomic is bringing BTC to Cosmos by enabling a bridge which allow users to turn their native BTC into nBTC, which is an IBC-compatible token. nBTC launch is estimated for October 30th.
Other Highlights of the Week
The Alameda CEO and former girlfriend of SBF, Caroline Ellison, took to the stand this week, testifying that Sam had directed her to take "billions of dollars from FTX customers and use it for investments."
Trader Joe’s, the grocery store chain is suing the DeFi platform Trader Joe. Trader Joe’s sues for trademark infringement and aims to shut down the platform after it was unsuccessful in its efforts to do so in a United Nations court last year.
J.P. Morgan has announced that it had carried out the first blockchain-based collateral settlement for its clients. By using J.P. Morgan’s Onyx blockchain bank’s Tokenized Collateral Network (TCN), BlackRock, America’s largest asset manager, was able to tokenize shares of one of its money market funds and transfer them to Barclays, a major British banking outfit, to serve as the collateral for an OTC derivatives transaction between the two groups.
Other Good Reads
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