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Thursday, February 29, 2024

Crypto Weekly: These are the 5 most important crypto news of the week

Crypto and stock trading on Twitter, Ethereum with successful upgrade and testing of Solana’s first Web3 phone. The top crypto news of the week.

Another exciting week in crypto space is coming to an end. The most important events around Bitcoin, Ethereum and Co. at a glance.

Ethereum: Shanghai upgrade successfully rolled out

On April 12, the long-awaited Shanghai upgrade was successfully activated on the Ethereum network . This not only involves technical improvements in the ETH ecosystem. For the first time since 2020, investors now have access to their staked ether. The concern that the upgrade will result in a large-scale ETH sell-off has not materialized so far.

Twitter: Elon Musk launches trading in crypto and stocks

What had all started as fun was now becoming serious. Recently, the logo of the dog token Dogecoin (DOGE) was seen on Twitter instead of the usual blue bird – probably just a gimmick. Now the social media platform under Elon Musk is announcing a partnership with eToro that should enable users to buy cryptocurrencies and stocks.

Cardano: Developers launch their own wallet

Structured similarly to the popular Web3 wallet MetaMask, Cardano is now launching its own browser wallet. With Lace 1.0 it should be possible to send and receive the in-house coin ADA and NFTs. Staking is also possible.

FTX: Crypto exchange with a potential comeback

According to media reports, it was announced during a court hearing that the failed crypto exchange FTX could be planning a potential reopening. However, a comeback would require significant capital, explains lawyer Andy Dietderich. The FTX token (FTT) saw significant price growth due to the rumours.

Also Read

  1. Reddit CEO Says “We only need Bitcoin as a cryptocurrency”
  2. BTC Price Jump, Number of bitcoin investors is increasing rapidly
  3. Solana Labs Unveils Saga Smartphone with Enhanced Crypto Asset Security

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