This week’s crypto highlights includes key developments in the crypto space, like the approval of FTX’s bankruptcy plan that will return billions to customers, while Bitcoin shows bullish signs amid rising inflation. In the Web3 space, notable events include Ubisoft’s entry into web3 gaming and a new non-custodial bank launched by Fuse for businesses.
Bitcoin
Canadian Bitcoin developer Peter Todd has denied claims made in the HBO documentary “Money Electric: The Bitcoin History” that he is the mysterious creator of Bitcoin, Satoshi Nakamoto.
There was hotter-than-expected inflation on Thursday, and the SEC was going after yet another crypto infrastructure provider. However, Bitcoin bulls are continuing to push the $BTC price towards a new uptrend, while the crypto market, in general, is showing good signs of recovery.
Ethereum
BlockDAG is a Layer 1 network catching the eye of the market. The presale success speaks for itself, with whales adding over $10 million in just 72 hours.
NFT
Rogue Bunnies, the dynamic Web3 brand, hosted a high-profile in-person event that attracted 750 guests, further showcasing Web3’s influence beyond the digital sphere.
Web3
In a recent interview with Dr. Joshua Peng, Strategy Lead at zkPass, during Token2049 Singapore, the Crypto Daily team discussed zkPass’s journey, how it employs Zk technology, its associated challenges, and its real-world applications.
Ubisoft, a renowned global leader in video game development, has announced its much-awaited entry into the web3 gaming world with the launch of its first web3 game, Champions Tactics: Grimoria Chronicles, scheduled for release on October 23.
The SUI Foundation announced support for native USD Coin (USDC) on the Sui Network (SUI) blockchain.
Layer 1 blockchain Supra has unveiled its latest developer product, Supra Containers, which allows developers to customize parameters such as dedicated computing or execution space without getting bogged down in blockchain maintenance.
Fuse, a layer 2 blockchain network that focuses on Web 3 payments for businesses and payments, announced the launch of its first non-custodial bank for merchants, Charge, aiming to revolutionize payment services in the ecosystem.
The Malaysia Digital Economy Corporation (MDEC) government agency partnered with web3 marketing and launch assistance firm Emerge Group and recognized web3 gaming protocol CARV to leverage the web3 gaming protocol to power the local blockchain game ecosystem.
Crypto Daily interviews Matvii Diadkov, who has been one of the opinion leaders in web3 space and crypto advertising since 2014 when he established his company Bitmedia.io.
Regulation
The Federal Bureau of Investigation (FBI) has executed a sophisticated sting operation, employing a fake cryptocurrency, “NexFundAI,” to catch individuals engaged in market manipulation and fraud and seized over $25 million in assets.
US Bankruptcy Judge John Dorsey has given the green light to FTX’s bankruptcy plan, which will see customers receive billions as the bankruptcy proceeding nears its conclusion.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
