The Weekly News Roundup, ending 18 September 2022 – Bitcoin’s Next Battle, Craig Wright vs Hodlnaut, and the Ethereum Merge

There were some large developments this week. Bitcoin next battle has arrived as the Biden White House guidance on cryptocurrencies was published and there was a generally negative language on Proof-of-Work protocols, because of its energy consumption. The facts and value proposition of bitcoin have carried it through two years of energy FUD so far, but the biggest potential threat to bitcoin mining in political jurisdictions is enacted legislation that prohibit or restrict mining (and even then, as we saw with the China ban in 2021, the network will continue hum along- decentralization for the win.

Along these lines, Nic Carter published some relevant points:


Also this week, Craig Wright was in court again. This time, he is taking on pseudo anonymous twitter personality Hodlnaut as Craig again tries to assert that he is Satoshi Nakamoto and he created bitcoin.

Bitcoin Magazine had exclusive coverage of the court case. You can watch the coverage in this youtube playlist.


Finally, this week we had a milestone event for the time capsule when the ethereum protocol transitioned from Proof-of-Work to Proof-of-Stake.

If you are not familiar with the differences between the two, check out this short 2 minute video by 99bitcoins.
Here is a slightly more detailed comparison by Simply Explained.

There are four more planned stages in the works to upgrade the protocol. They will allow for faster transaction speeds, beef up security to the network, and also enable all the ethereum that was locked up in the current chain (prior to the Merge, in order to establish the staking network,) to be removed and used again, (which may not occur until 2023 or 2024.)


Comments and suggestions, reach out -> hello @ tinycryptoblog.com

Be well, Everyone.


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Articles on Medium this week

Articles


Podcasts
The Cost of Crypto Podcast


This Week In Twitter



Reports:
What is Bitcoin Mining? The Complete Guide – Bitcoin Magazine


Headlines

Weekly MacroSlate: Bitcoin facing first global recession as currency collapses, energy crisis becomes reality for Europe


Adoption
Fidelity Mulls Bitcoin Trading on All Brokerage Accounts: Report


CBDC (are just Surveillance Tokens)


Company / Product / Project News
Ethereum Switches to Proof-of-stake After 7 Years of Work
Fireblocks records over $100M in annual recurring revenue, solidifies unicorn status


CRIMES AND SCAMS


DAO


DeFi and Lending
Celsius Wants to Sell $23M in Stablecoins to Keep the Dream Alive
Compound Is Marrying a CeFi Business Model With a DeFi Protocol
Abra Launching First US Regulated Crypto Bank [Being conservative in this space pays off] – link HERE


Exchanges


Fundraising and Sponsorships


Gossip
Last Ethereum Block Before Merge Minted $47K NFT
The All-Important Journey To Self-Custody Bitcoin – Bitcoin Magazine
Ethereum is eating the world — ‘You only need one internet’ 


Implementation and Infrastructure


Metaverse / Web3


Mining
Ex-ETH Miner Hive Blockchain Eyes Buying Opportunities Post-Merge
Michael Saylor- Bitcoin Mining and the Environment


Nation States (and other political jurisdictions)


NFTs


Regulation, Legislation & Legal Matters
CFTC Preparing to Oversee Crypto, Behnam Tells Senators
OFAC Lawsuit Details Crypto Industry’s Sanction Concerns


Stablecoins


Taxation


The Wall Street
KEEP AN EYE ON THIS –> https://bitcointreasuries.net/
…AND THIS –> https://www.buybitcoinworldwide.com/treasuries/
Finance Giants Join Forces To Launch Crypto Exchange


Time Capsule
Coincheck Hack – One of The Biggest Crypto Hacks in History


News Outside The Space


You Do Not Change Bitcoin. Bitcoin Changes You.
“Bitcoin will eat the world.” And it is.


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Binance is a great exchange to buy and sell cryptos

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Categories: Weekly Headlines

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