Binance Converts $1 Billion to Crypto, Next Ethereum Update Finally Gets Target Date and Crypto Wallet in Microsoft Edge Web Browser? These stories and more this week in crypto.
Bitcoin’s best week since early 2021
Bitcoin has had its best week since january 2021, recouping all of its 2022 losses. The price spike was driven by the Federal Reserve injecting $300 billion into the banking system. In addition, China has also added liquidity by lowering its reserve ratio for banks, which has contributed to the recent market rally.
Binance converts BUSD to native crypto
With growing concern over the stability of stablecoins, Binance CEO has new plans for its Industry Recovery Initiative funds. Changpeng Zhao said in a tweet that given the changes in stablecoins and banks, Binance will convert the $1 billion balance of funds held in BUSD to native crypto including Bitcoin, BNB, and Ether.
Shanghai Ethereum hard fork is coming
The developers have agreed on a target date for the long-awaited upgrade that will enable staked Ether withdrawals. Ethereum switched to a proof-of-stake mechanism in September during the Merge event, and the network started using validators instead of miners. After the Shanghai upgrade on April 12, validators will be able to decide what they want to do with their participation.
$700 Million Crypto Mixer Laundering Dismantled
An international law enforcement operation disassembled ChipMixer with the help of Europol. The dark web crypto mixer has helped criminals launder more than $700 million in the nearly six years of its operation. According to the US Department of Justice, the crypto mixer had attracted users like North Korean hackers and Russian spies.
Arbitrum will launch the ARB token
Arbitrum, one of Ethereum’s largest layer 2 scaling networks, is finally get a token. The Arbitrum Foundation has stated that ARB, Arbritrum’s new token, will be airdropped to community members in the coming days. The launch transforms Arbitrum into a decentralized autonomous organization, as ARB holders will be able to vote on key decisions governing the network.
Sesame Street will launch its first NFTs
Sesame Street is launched his first collection of digital collectibles in the form of non-fungible tokens. The first Sesame Street NFTs released in the series feature the Cookie Monster character and are priced at $60 each. According to Sesame Workshop, more Sesame Street collectibles will be released later this year.
Pokemon Could Come To The Metaverse
A new job posting from The Pokemon Company hints that she could bring her mark to the Metaverse. The firm is currently looking for a Corporate Development Manager, who will be responsible for the Pokemon Company’s growth strategies. The list also states that potential candidates should have a deep understanding of Web3, blockchain technologies, NFT, and the metaverse.
Microsoft Edge will include a crypto wallet
Microsoft would have included code for a Web3 wallet in their Edge web browser. Screenshots have been discovered of a cryptocurrency wallet, a decentralized app explorer, and the ability to buy crypto through Coinbase and MoonPay. The hidden feature begins with text from Microsoft saying, “We encourage you to test our first Web3 wallet and provide candid feedback along the way.”
That’s what happened this week in crypto, see you next week.
