Ethereum 2.0 is getting closer to becoming a reality, developer Danny Ryan said, while payments giant Verifone is announcing Bitcoin payments by the end of the year. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Bitcoin and Blockchain Adoption
📍Ethereum 2.0 developers are preparing the launch of the Altair update for October 27. In a publication In a blog post, Ethereum 2.0 developer Danny Ryan reported that Altair, the first upgrade to the Beacon Chain mainnet, has been scheduled for epoch 74240, which will arrive on or around October 27. The arrival of Altair, as the developer explains, brings the implementation of Ethereum 2.0, the future network, even closer. PoS which will give a high degree of scalability to the second cryptocurrency largest in the world by capitalization.
It is worth remembering that the migration from Ethereum to Ethereum 2.0 is something that the developers of this network have been working on for many years. Ryan assures that the development of this new network is almost finished and that we will soon be able to see it in action. Despite the news, at the time of this edition the value of ETH has fallen more than 4% on the market, trading below $2.900 per unit.
📍BlackRock reveals profits of more than $300.000 from Bitcoin futures. The American investment management company with almost 10.000 billion dollars under management, he presented with the SEC a report on its investment program. In this report, BlackRock revealed that it held 54 Bitcoin (BTC) futures contracts on the Chicago Mercantile Exchange (CME) and that the appreciation of these contracts, which expired on August 27, was $369.137.
📍Verifone announces that it will allow payments with Bitcoin. The American multinational electronic payments and point of sale company reported to consumers who will be able to make payments with Bitcoin (BTC), the market-leading cryptocurrency, through its e-commerce cloud services platform in the United States. Verifone will enable merchants to expand their customer base and promote the acceptance of cryptocurrencies by the end of this year, to take advantage of the current boom and demand for these digital assets.
Development and Technology
📍Facebook aims to become a metaverse company and invests $50 million to do so. The social media company plans to become a metaverse company in the next 5 years. To do so, it is destining $50 million for the creation of programs and the development of external research that will allow the construction of a new virtual environment
Miners
📍Ethereum mining pool BeePool also closes its doors due to China's repression. Beepool has announced that it will suspend its mining services on the Ethereum network to comply with recent restrictions imposed by China. According to the release shared by the company, its operations will be suspended on October 15.
Beepool is the fourth largest miner on the Ethereum network by hash power, as shown by the data from Etherscan. Beepool's announcement comes just one day after Sparkpool, the second-largest miner on the network, also announced the suspension of its services due to China's restrictions on the crypto industry.
Cybersecurity
📍User lost his cryptocurrencies by using a fake Safepal Wallet extension on Firefox. Cali, as the affected user made himself known in the Firefox support chat, denounced Cali lost $4.000 worth of cryptocurrency by using a Safepal wallet extension that turned out to be fake. According to Cali, he installed the extension from the official Firefox store and logged in with his credentials, but the wallet didn’t work. A couple of hours later, his funds had been transferred to another wallet.
Cali is calling on the browser's support department to investigate the developer of the fake extension, as well as take responsibility for losses due to the lack of auditing and review when adding a fake extension to its official store. At the time of writing this note, the extension has already been removed from the official store of the open-source web browser, although Mozilla, the creator of Firefox, has not commented on the matter. According to researchers, the Safepal Wallet add-ons page, where the fake extension was located, was active at least since February of this year.
Rules and Regulations
📍China blocks access to cryptocurrency websites. The Chinese government is restricting citizens' access to cryptocurrency portals such as CoinGecko and CoinMarketCap, two of the largest and most consulted cryptocurrency market ranking websites in the world. The block on these websites was imposed by the Cyberspace Administration of China (CAC), the central agency that regulates, supervises and censors internet connections in the country.
The restriction on these portals from China can be checked through the web Comparitech, dedicated to the security and privacy of web services.
Continue reading: Miner returns the $23 million paid in the most expensive transaction on Ethereum so far
