A brief summary of the most outstanding crypto news this past week.
Below are some of the most relevant news of the week regarding cryptocurrencies and the entire Blockchain space, the main one being the Ethereum update.
In addition, there are the following: Twitter launches cryptocurrency trading; Elon Musk plans to compete with OpenAI: El Salvador grants licenses to operate with cryptocurrencies: and Great Britain creates Bitcoin Policy Org.
Shanghai, the Ethereum Update, Arrives
The Shanghai Capella or Shapella update, which was highly anticipated throughout the cryptocurrency industry, resulted in the Ethereum price breaking above the $2,000 mark, for the first time since May 2022.
In this regard, the CEO of Ethereum, Vitalik Buterin, stated that “We are at a stage where the most difficult and fastest parts of the Ethereum protocol transition are basically over. There are still very important things to do, but those very important things can be done safely at a slower pace.” According to Buterin, the next steps will be to help the network to have greater scalability, as well as to make transactions faster and cheaper.
Twitter Launches Cryptocurrency Trading
Twitter will allow users to trade cryptocurrencies in partnership with eToro; this alliance will allow you to see prices from the social platform, as well as access the purchase and sale of eToro assets. Trade data will be available via Twitter’s Cashtags feature.
Previously, Twitter users could see real-time trading data from the TradingView market charting platform, but only on some assets like the S&P 500 index and shares of certain companies like Tesla. Now, they can click through to the eToro platform to view information about the asset, with an additional option to invest.
Elon Musk Plans to Compete with OpenAI
According to the Financial Times, billionaire Elon Musk is working on launching an Artificial Intelligence startup that will compete with OpenAI, the maker of ChatGPT.
Elon Musk is assembling a team of Artificial Intelligence researchers and engineers. Furthermore, he is in talks with some investors in SpaceX and Tesla Inc. to put money into his new company. In fact, for the new project, Musk would have secured thousands of high-powered GPU processors from manufacturer Nvidia.
El Salvador Grants Licenses to Operate with Cryptocurrencies
The National Bitcoin Office (ONBTC) reported that the new companies licensed to operate with digital assets are the Salvadoran Fintech DitoBank and Zap Inc., which allows them to expand their offer of financial inclusion in the country.
Regarding this fact, Guillermo Contreras, CEO of DitoBanx said that “This license allows us to provide our clients with access to digital assets and other financial services. Which helps promote financial inclusion and economic growth in the country.”
Britain Creates Bitcoin Policy Org
The launch of Bitcoin Policy UK marks the first dedicated Bitcoin policy organization in the UK, whose ultimate goal is to attract investment to the UK, create jobs and boost new industries while tapping into wasted and stranded energy resources.
Regarding this, the co-founder Krista Edmunds indicated that “The United Kingdom has an immense opportunity to become one of the first jurisdictions worldwide to adopt Bitcoin. The UK can secure a competitive advantage similar to El Salvador and we look forward to supporting the British to make that happen.”
By Audy Castaneda
