Ethereum’s long-awaited upgrade allows altcoins to thrive, Twitter enables crypto investments, who do you think tops Fortune’s first crypto list? These stories and more in crypto this week.
Ethereum’s Shanghai Upgrade Boosts Market
Entire crypto market surged this weekThe highest price since June last year.of shanghai hard fork Done on the Ethereum blockchain, users who have staked Ether can now withdraw their funds. However, so far the exit has been insignificant and shows confidence in the sector.
Twitter enables crypto investments
Twitter give the user options Buy and sell cryptocurrencies and stocks from eToro, the leading trading platform. This feature is available by using the “cash tag” feature that adds a dollar sign in front of the stock ticker. This is Elon Musk’s first move to turn his Twitter into a super app, offering users financial services on social media.
Singapore’s Bitrue exchange hacked
Singapore-based cryptocurrency exchange Bitrue, got hackedThe attackers were able to withdraw $23 million in assets. The exchange has blocked further exploitation of the funds and is investigating the situation. According to Bitrue, the affected hot wallet holds less than 5% of his total funds and no other wallets have been compromised.
SEC: The decentralized platform is an exchange
US Securities and Exchange Commission Publish public comments Regarding the proposal to expand the definition of “exchange”. The SEC has clarified that existing rules apply to decentralized cryptocurrency platforms. After crypto firms criticized the plan, the SEC voted to seek additional public comment after stating that DeFi platforms should not be subject to regulatory scrutiny.
FTT Tokens Surge On News That FTX Can Resume
FTX’s FTT Token Price More Than Doubles the following statement Collapsed Exchange May Reopen, FTX Lawyers Say. Andy Dietderich, an attorney in the FTX trial this week, said one of the possible options being discussed could be convertible into stock on the exchange where FTX creditors have resumed part of their holdings. I said to do it.
AI-Focused CryptoGPT Raises $10M
new blockchain project Crypto GPT, capitalized on the excitement around artificial intelligence by raising $10 million in funding. CryptoGPT recently launched Web3-focused AI assistant ‘Alex’, a data-to-AI engine that allows users to earn money by monetizing their data in fitness, dating, gaming and education is developing.
Mastercard Mints NFT for Artists
Payment major Mastercard, Started original NFT casting Grants access to the Mastercard Artist Accelerator program designed to support emerging musicians. Developed in collaboration with Polygon, the NFT project highlights Mastercard’s intention to embrace the Web3 culture. Mastercard did not disclose the participating musicians as they have not yet been selected.
Fortune’s Crypto Top 40 List
luck Launched the first “Crypto 40” list. It identifies the top 5 projects in 8 categories in the crypto industry. Known for its extensive Fortune 500 listings, the media outlet honored a wide range of businesses, from VC firms to his NFT shops, data companies and decentralized protocols. First-time winners include Coinbase, OpenSea, Chainalysis, Ledger, and the Ethereum Foundation.
That’s what happened with Crypto this week. See you next week.