Published
1 year ago on
April 17, 2023
Table of Contents
The much-awaited Shapella upgrade is live on the Ethereum mainnet. Let’s find out more about the upgrade and other noteworthy events that happened in crypto, blockchain, and the web3 space this week.
Bitcoin
Bitcoin and many of the top-performing cryptocurrencies are heading toward breakout zones. Will they break up or break down?
Bitcoin has broken to the upside and is now establishing itself above the $30,000 level. Is this the beginning of the bull market?
As the fiat monetary system flounders and cash in the bank buy less and less, more investors are flocking to Bitcoin, which might have started its bull market.
Lightspark, a newly-founded crypto infrastructure firm, has officially launched its Bitcoin Lightning Network implementation designed for enterprise-grade use cases.
Ethereum
Ethereum activated the Shanghai hard fork on April 12 at 22:27:35 UTC combining key changes to the blockchain's Engine API, performance, and initialization improvements to the execution layer (in Shanghai), as well updates to the consensus layer (for Capella).
Etherscan recently announced a new implementation that will no longer display token transfers without any value through its blockchain explorer interface.
DeFi
In the early hours of April 9, a bug in a smart contract on the decentralized finance protocol SushiSwap led to losses amounting to over $3 million.
SushiSwap has revealed that it has managed to recover 100 ETH, worth around $186,000, following the exploit.
In a big blow to Canadian users, dYdX announced that its decentralized derivatives exchange would no longer be accessible to users in Canada.
Technology
MetaMask, a decentralized wallet firm backed by ConsenSys, has announced the launch of a new fiat-to-crypto ramp for its Portfolio dApp.
Business
Coinbase has been awarded $470,000 in restitution in its insider trading lawsuit against the brother of a former employee.
Coinbase’s head of exchange, Vishal Gupta, is reportedly leaving the company. Gupta plans to exit the crypto exchange but intends to remain in the crypto space.
According to multiple reports, cryptocurrency exchange Gemini has received a $100 million loan from two of its co-founders, Tyler and Cameron Winklevoss.
Regulation
The Binance crypto exchange has decided to delist the TRON token ($TRX) 3 weeks after the SEC charged SEO Justin Sun and his companies.
Both Robert F. Kennedy Jr. and Ron DeSantis have expressed their displeasure against the Federal Reserve’s upcoming payments system, FedNow.
This year's G7 Summit, which will be held in Hiroshima, Japan, is set to discuss policy for crypto and digital assets, with a focus on the standards for global implementation of CBDCs.
South Korean authorities have detained several staff members of the cryptocurrency exchange Coinone for breach of trust and other criminal acts.
NFT
The NFT collective Proof is launching a new collection, in partnership with artists like Beeple, exclusively for Moonbird collectors.
Reddit has launched its third-generation (Gen 3) NFT collection, featuring more artists working on the theme of futuristic realities.
Solana has recently announced the introduction of state compression technology to significantly reduce the storage costs associated with NFTs on its network.
Web3
Gaming hardware firm Razer has announced the establishment of zVentures Web3 Incubator (ZW3I), a new initiative aimed at funding Web3 gaming projects and bringing them to mainstream audiences.
Bluzelle, a blockchain for GameFi, has just released Capella, an NFT marketplace tailored to blockchain-based web3 games.
Security
South Korean cryptocurrency exchange GDAC was the target of hackers on April 9, with the platform losing nearly $13 million during the attack.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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