Friday marks the end of another glorious week in crypto, but that was the week it happened. More details to follow.
In other news, the Bitcoin The hashrate hits a new all-time high, Huobi thinks privacy is overrated, and Craig Wright is starting another legal battle. There was also a birthday party. And so we begin…
Yes, it happened. The thing we’ve all been count the blocks for. No more postponements, no more delays. Fusion marked the moment when Ethereum finally changed from being a proof of work (PoW) string to proof of stake (POS).
The anticipation was almost too much to bear, but our minds and bodies were ready. Seven years after it was first announced, at block 15,537,393, it’s finally arrived. We merged.
After the big event, Vitalik Buterin allegedly took a deep draw on a cigarette before asking, “How was it for you?”
The best fusion ever, Vitalik.
The new (PoS Ethereum will not have everything it wants. There is a rival in the form of EthereumPoW, giving PoW Ethereum miners a new place to live. so far, ETHW failed to hold its initial valuation, but there may be even more fights in the upstart chain. Time will tell us.
High hash rate
The number goes up! On Monday, Be[In]Crypto reported that the Bitcoin hashrate reached a record high of 281.79 millionbringing forward the planned date of the next Bitcoin halving. The community has long believed that halving events have a positive effect on the price of BTC. Bring it on.
End of privacy
Monday was a busy day for crypto, and a busy day for Huobi who announced that he would be removed from the list a whole series of cryptocurrencies. The company said it would remove privacy coins Monero (XMR), Zcash (ZEC), Dash (DASH), Decreed (DCR), Firo (formerly Zcoin), Edge (XVG) and Horizon (ZEN).
The exact reason for this radiation process remains a mystery known only to Huobi, which is completely correct. We should, like, totally respect their privacy on this.
More crypto-legal shenanigans
It wouldn’t be a week in crypto without a legal dispute. On Tuesday, Craig Wright began his latest in a long line of court cases, this time against Magnus Granath, aka Hodlonaut.
Hodlonaut had rather badly implied that Mr. Wright is an impostor. Mr. Wright is friends with billionaire Calvin Ayre, who has more money than God and is very happy to fund any legal case Mr. Wright wants. We wish all parties, exactly equally, the best of luck.
In another legal amusement, South Korea issued a Arrest Warrant for Luna Founder Do Kwon. The warrant cites offenses that include a “violation of capital market regulations.” However, there may be significant hurdles to clear before lawmakers detain the former founder, as he currently resides in Singapore.
The week offered plenty to excite degenerate JPEG fans. A leaked report suggests that Bored Monkey Yacht Club could be ready to launch another not fungible collection of tokens (NFT). The project, according to rumor to be called Mecha Apes, suggests that Otherside Mecha parts could go up in value. Or not. DYOR. Somewhere else, BAYC is about to enter the music industryand absolutely no one can stop them.
Be[In]Crypto celebrates its fourth anniversary
As a crypto news outlet, Be[In]Crypto prefers reporting on stories rather than becoming the story, but this week marked a milestone for the organization, and we think it’s worth celebrating – Be[In]Crypto four years old now!
To mark the occasion, we have carried out a total redesign of the site which should make your reading experience much more pleasant. We hope you like it, and know that while we may look a little nicer than before, we still offer the same goodness of crypto news inside.
Four years ago, Be[In]Crypto started with just four people. Today, we are a global media outlet and sit comfortably in the top 3 crypto publications globally. However, we cannot rest now, and our mission to inform and empower our readers is only accelerating.
Thank you dear readers for joining us on the journey thus far. Because here, we move forward together, upwards only.
All information contained on our website is published in good faith and for general information purposes only. Any action the reader takes on the information found on our website is strictly at their own risk.