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- π² Venmo to Enable Crypto Transfers: PayPal Takes Another Step Forward
π² Venmo to Enable Crypto Transfers: PayPal Takes Another Step Forward
πͺοΈ Tornado Cash Dev Alex Pertsev Back on Twitter After Prison Release, π Bitcoin Mining Difficulty Skyrockets as Hashrate Hits New ATH etc
DeFi God
April 28, 2023
π Hey party people! Up 'n at 'em! π Join our wild ride through sizzling news and brain-tickling analysis that'll keep you ahead in this rollercoaster market. Ready?
π₯ What's hot today π₯
π Mastercard's Crypto Credentials Boost Blockchain Trust
π Adidas & Pharrell's Doodles NFTs: Digital Fashion Unleashed!
π Bitcoin Mining Difficulty Skyrockets as Hashrate Hits New ATH
πͺοΈ Tornado Cash Dev Alex Pertsev Back on Twitter After Prison Release
β Google Cloud & Polygon Team Up to Boost Ethereum Scaling Protocol
π² Venmo to Enable Crypto Transfers: PayPal Takes Another Step Forward
π Market analysis of the day
π Mastercard's Crypto Credentials Boost Blockchain Trust
Mastercard has partnered with Polygon, Solana, Aptos Labs, and Ava Labs to launch Crypto Credentials π, a set of standards aimed at increasing trust in the cryptocurrency industry π. This initiative ensures that transactions between user wallets are verifiable and compliant π‘οΈ. Collaborating with crypto wallet providers like Bit2Me, Lirium, Mercado Bitcoin, and Uphold, Mastercard initially targets transfers of crypto assets between countries, particularly in the US, Latin America, and the Caribbean π.
π Adidas & Pharrell's Doodles NFTs: Digital Fashion Unleashed!
Doodles has teamed up with Pharrell Williams and Adidas to launch the Doodles 2 Character Builder π¨βπ¨, an app that allows NFT holders to customize avatars with digital apparel πΆοΈ. The βPharrell Packβ NFT pack, featuring wearable items from Adidas, Human Made, Billionaire Boys Club, and Ice Cream, will be airdropped to select Doodles holders who meet specific criteria π. With a limited 300 packs available, these digital fashion items bring more excitement to the NFT space
π Bitcoin Mining Difficulty Skyrockets as Hashrate Hits New ATH
Bitcoin mining difficulty has soared as the hashrate reaches a new All-Time High (ATH) of 209 zettahashes (10^21), indicating a healthy BTC network. More miners are rejoining the network after the crypto winter, while debates over mining's environmental impact continue π‘. Advocates push for sustainable mining using renewable energy sources, but a Proof-of-Stake (PoS) transition, similar to Ethereum's, remains contested among Bitcoin supporters π.
Following the latest #Bitcoin difficulty adjustment, the estimated number of hashes required to mine a block has reached an ATH of 209 zettahashes (10^21).
Thus, the difficulty to mine a block continues to increase as more hashpower is deployed to the network.
β glassnode (@glassnode)
10:59 AM β’ Apr 28, 2023
πͺοΈ Tornado Cash Dev Alex Pertsev Back on Twitter After Prison Release
Tornado Cash developer Alex Pertsev has returned to Twitter after being released from prison in the Netherlands π³π±. Pertsev, arrested in August 2022, faced criticism for being penalized for developing open-source code, raising questions about law enforcement actions against distributed protocols like Tornado Cash οΏ½οΏ½.
Sorry I was afk for a while, what did I miss? π
β Alexey Pertsev (@alex_pertsev)
2:48 PM β’ Apr 28, 2023
β Google Cloud & Polygon Team Up to Boost Ethereum Scaling Protocol
Polygon Labs and Google Cloud have announced a multi-year partnership to accelerate the development of Ethereum scaling protocol's tools and infrastructure π». Google Cloud's framework and developer tools will help optimize Polygon's core protocols, simplifying developer integration and advancing zero-knowledge development for Web3 products and decentralized applications (DApps) on Polygon
π² Venmo to Enable Crypto Transfers: PayPal Takes Another Step Forward
PayPal subsidiary, Venmo, has announced that users will soon be able to transfer cryptocurrencies, starting in May. The new feature comes after the introduction of crypto trading services in April 2021, allowing users to buy, sell, and hold cryptocurrencies, but not transact them
π Market analysis of the day
Bitcoin slipped 8% last week, exiting the overheated bull phase and entering a bull stage with high levels. The drop resulted from profit-taking in the perpetual futures markets. However, traders are reopening long positions, and future markets experienced gains due to Ethereum's rally after the Shanghai upgrade. Funding rates show a neutral attitude, while whales' spending remains high at 40% of total coins. Long-term holders are spending coins at the highest profit margin since May 2022, while short-term holders spend at a smaller profit. The current short-term cost basis sits at $24,000, indicating support in a bull market.ππ°