Another exciting week in the crypto space is drawing to a close. The most important events around Bitcoin, Ethereum, and Co. at a glance.
This week highlights information of interest about the crypto world, which allows us to have the capacity and minimum tools to give a reasonable opinion and make informed decisions. The five most relevant news are the following:
- Ethereum was unable to complete any transactions for 25 minutes.
- Unstoppable Finance becomes a DeFi bank
- Liechtenstein is considering Bitcoin as legal tender
- PEPE Fans boycott Coinbase due to Hate Depiction
- Will the 2.0 block size war happen?
Ethereum: Blockchain Halted for 25 minutes
The DeFi leader seems to have been struggling with technical issues a few days ago. Consequently, no transactions could be processed for almost half an hour – the Blockchain stopped. However, the reason for the defection has not yet been determined.
Superphiz.eth, a consultant to the Ethereum Beacon Chain health community, was one of the first to notice an issue. Shortly after, Ansgar.eth, a researcher at the Ethereum Foundation, confirmed that there was a “brief period” when Ethereum blocks were not fully finalized. However, he took the opportunity to highlight the event as “a good example of the strength of the chain”, after the speed with which the problem was solved and how the Ethereum mainnet was able to handle the stress.
Unstoppable Finance: Cryptocurrency Startup Wants to Become a DeFi Bank
The young crypto company from Berlin wants to help the DeFi sector to mass adoption. Unstoppable Finance recently launched its own “Ultimate” DeFi app. As BTC-ECHO learned in advance, Unstoppable Finance now wants to take the next step and become “Europe’s first fully regulated DeFi bank.” The project reportedly promises to fully secure the reserves of the new “stable cryptocurrency.”
Liechtenstein: Bitcoin Soon Legal Tender?
The small principality has been known for its crypto-friendly policies for quite some time. Now Liechtenstein wants to make even more progress in the cryptocurrency sector. In an interview, Prime Minister and Finance Minister Daniel Risch announced that in the future Liechtenstein could pay for state services with Bitcoin.
Although the initiative is not focused on all the transactions of the economy, it does seek a first approach by accepting Bitcoin to make payments for government services. This was confirmed by Risch in an interview with the German newspaper Handelsblatt.
PEPE: Memecoin Causing a Stir
The new frog-themed memecoin is heating up the crypto scene. Earlier this week, PEPE surpassed established cryptocurrencies like Cardano (ADA) or Polygon (MATIC) in terms of trading volume.
The reason for the new ad token is also being used by the far-right racist movement, a fact that cryptocurrency exchange Coinbase outlined in its newsletter. However, it caused a lot of criticism from fans of the meme coin.
Bitcoin: Is Blocksize War 2.0 Imminent?
There has also been an uproar in the bitcoin scene recently. The controversial Ordinals (NFTs on the Bitcoin Blockchain) appear to be sweeping the net at the moment. As a result, there were more than 400,000 unconfirmed transactions in the mempool at the start of the week, a new record.
By Audy Castaneda
