Elon Musk reveals his hypothesis about Satoshi’s identity, Polygon narrowly escapes a $ 24 billion bug, and what do Ozzy Osbourne, Ferrari and Gamestop have in common? NFT. These stories and more this week in crypto.
Elon Musk guessed the identity of the creator of Bitcoin, naming Nick Szabo as the most likely candidate to be Satoshi Nakamoto. Musk said that although he does not know Satoshi’s true identity, Szabo, more than anyone, is responsible for the evolution of cryptocurrency and smart contract ideas, even though he has previously denied being Satoshi.
Ethereum-based Polygon Network introduced a recent upgrade after discovering a vulnerability that endangered nearly all of MATIC’s $ 24 billion supply. The fix came after ethical hackers notified the core platform team of the issue. Despite swift action, attackers were able to steal more than $ 2 million worth of MATIC tokens just before the patch went live.
The world’s largest crypto exchange, Binance, has received approval in principle from the Central Bank of Bahrain to operate as a cryptocurrency service provider in the country. Once finalized, Bahrain’s central bank will become the first regulator in the Middle East to approve a Binance entity, bringing the company closer to its plan to become a fully regulated centralized cryptocurrency exchange.
Turkish President Erdoğan announced that the country’s cryptocurrency law is ready and will be submitted to parliament. In September Erdogan declared Turkey at war with cryptocurrency, but for many Turkish citizens, crypto provided a way around the local currency’s declining value. Meanwhile, Binance Turkey faces fines after Turkey’s financial crimes agency discovered violations during a recent liability inspection.
Sberbank, Russia’s largest bank, has introduced the first exchange-traded fund that provides exposure to the blockchain industry. The ETF tracks the Sber Blockchain Economy Index, which includes crypto trading companies, mining companies, and direct exposure to cryptoassets. Traded on the Russian stock market, the Blockchain ETF aims to simplify investment in the blockchain economy for investors.
Jamestown, the owner of One Times Square, recreated the 26-story tower in the heart of New York City in the virtual world of Decentraland, unveiling the game’s first skyscraper. The New Years Eve celebration included art galleries NFT, rooftop VIP lounges and virtual musical performances. The amount Jamestown spent on its virtual real estate has not been disclosed.
Ozzy Osbourne is releasing his own NFT collection titled “CryptoBatz”. With a feature called “MutantBatz”, the collection will allow owners to create NFT mutations by connecting their Cryptobatz with other NFTs in their wallets. Ozzy said he had to start his own NFTs after his wife refused to help him buy any.
Luxury automaker Ferrari has announced a partnership with Swiss blockchain startup Velas to release exclusive digital content for its fans. With the deal, Ferrari joins a number of other luxury automakers who have entered the NFT space, including Porsche and Mercedes-AMG.
Video game retailer Gamestop is calling on the creators of NFT to sign up for its next NFT marketplace. As the Gamestop NFT Marketplace prepares for launch, the creator’s registration form includes a question as to whether they describe themselves as a freelance artist, creator, game developer, or lord of memes.
Send and receive crypto without memorizing complex addresses, as easy as sending emails with a unique, simple and memorable username from Unstoppable Domains, our sponsor of the week. Use NFT domains as a URL or payment address as part of your digital identity. Get yours now with no renewal or claim fees with the link below.
That’s what happened this week in crypto, see you next week.