Ethereum Shinghai new update

 Ethereum Shinghai new update

Ethereum’s long awaited upgrade  makes altcoins thrive,Twitter enables  cryptocurrency investing and guess who tops Fortune’s first crypto list? These stories and more,  this week in crypto.what’s happened  this week in crypto.The whole crypto market  surged this week,reaching its highest levels  since June of last year.The Shanghai hard fork  was completed on the Ethereum blockchain,

enabling users who had been  staking their ether to withdraw those funds.However, so far the withdrawals  have not been significant,signaling trust towards the sector.Twitter will give users the option  to buy and sell crypto and stocks from major  trading platform, eToro.

The feature is available  by using its “cashtag” feature,adding the dollar sign  in front of the stock ticker.This is the first move by Elon Musk  to turn Twitter into a super app,offering its users financial  services on social media.

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Singapore-based crypto exchange,  Bitrue, suffered a hack.The attacker was able to  withdraw $23 million in assets.The exchange has prevented  further exploit of fundsand is investigating the situation.According to Bitrue,the affected hot wallet holds  less than 5% of its overall funds,and that none of its other wallets  have been compromised.The US Securities  and Exchange Commission opened public comment  on its proposal to expand its definition of ‘exchange’.

The SEC clarified that its existing rules do apply to decentralized  cryptocurrency platforms.The SEC voted to take additional  comments from the public after crypto firms  criticized the plan,sLaying that DeFi platforms should not be subject  to the regulator’s oversight.FTX's FTT token has more than  doubled in price following statements  from FTX attorneys that the collapsed exchange  may reopen.Speaking this week  during the FTX court case,attorney, Andy Dietderich,said one potential option  being discus sedis to let FTX's creditors convert  a portion of their holdings to a stake in a reopened exchange.

A new blockchain project,  CryptoGPT,has capitalized on excitement  around artificial intelligence by raising $10 million  in funding CryptoGPT recently launched  its Web3-focused AI assistant ‘Alex’,and is developing  a data-to-AI engine to allow users to earn money by monetizing their data  across fitness, dating, gaming and education.Payments giant, Mastercard,  has begun minting its own NFTs that grant access to its Mastercard  Artist Accelerator program,designed to support  emerging musicians.Developed in collaboration  with Polygon,the NFT project underscores Mastercard’s intention  to embrace Web3 culture.

Mastercard did not reveal  the participating musicians,as they had not yet been chosen.Fortune has launched  its first ‘Crypto 40’ list,which identifies the top five  projects in eight categories in the crypto industry.Known for its Fortune 500 rich list,the media outlet honored  a wide range of businesses,from VC firms to NFT shops,  data companies,and decentralized protocols.The inaugural winners include  Coinbase, OpenSea,

Chainalysis, Ledger,  and the Ethereum Foundation.That’s what’s happened  this week in crypto,see you next week.

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