Ethereum is up 10% in the last few hours and hitting a new all-time high, while the Altair upgrade has been successfully activated on the Ethereum 2.0 Beacon Chain. 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.
Cryptocurrencies and altcoins
📍Altair successfully goes live as Ethereum hits a new all-time high. Ethereum, the second blockchain and cryptocurrency The industry's most important blockchain is closer to achieving its long-awaited transition to the consensus protocol proof of stake (PoS) Ethereum 2.0, also known as Serenity, has already been launched. This week, the network's developers activated Altair successfully upgraded its Beacon Chain, the first to take place on its Ethereum 2.0 Beacon Chain. Altair’s success, with nearly 99% of Ethereum 2.0 validator nodes upgraded at this point, introduces several significant improvements to the network and sets the stage for the merger between Ethereum and Ethereum 2.0. Among the improvements introduced are Beacon Chain support on the mainnet, support for light clients, and adjustments to node incentives and penalties, among others.
With the arrival of Altair, the value of Ethereum (ETH) had an upward momentum of more than 10% in the last hours, reaching a new historical maximum of $4.416 for ether.
Bitcoin and Blockchain Adoption
📍The blockchain-related job market grew by more than 600% in the last year. According to one publication LinkedIn, the most used social network for professionals on the Internet, offers jobs related to the tecnología blockchain have grown by around 615% since last August 2020. LinkedIn explains that much of this growth is tied to Bitcoin, the main cryptocurrency in the industry.
The incredible rise in value of Bitcoin in the last year, which led it to surpass the $67.200 per BTC Recently, it is driving companies and even traditional banks to hire personnel specialized in cryptoassets and blockchain. For example, BNY Mellon, one of the largest and oldest banks in the United States, with more than 260 years of history, has one of the largest portfolios of blockchain professionals and experts so far.
NFT and DeFi Markets
📍Facebook reveals its new name and sets its sights on the metaverse. The social network company Facebook is abandoning its old name and is now called Meta. Mark Zuckerberg, CEO of Facebook, made this revelation during the Facebook Connect conference. According to Zuckerberg, the Facebook company, which encompasses the social network of the same name as well as other services such as WhatsApp, Instagram and Messenger, and is now called Meta, will allow the Metaverse to come to life, offering new opportunities to its users to virtually build and develop their lives and businesses within the Internet.
Events
📍The University of Seville will hold a University Conference on Blockchain and Cryptocurrencies on November 2nd. The University of Seville, with more than 500 years of foundation, will carry out a University Conference on Blockchain and Cryptocurrencies, in online mode, with the aim of promoting education on new technologies. The event will take place on November 2, from 10:30 to 13:30 Spanish time, to commemorate the 50th anniversary of the Faculty of Economic and Business Sciences of the University. The event will feature the participation of several well-known personalities in the industry, including Javier Pastor, CSO of Bit2Me, Ismael Santiago, Antonio Sanchez, and many others.
One of the topics to be discussed during the online session will be the launch of a ICO (Initial Coin Offering), such as the one carried out by Bit2Me with the b2m token in the month of September; the application of blockchain technology in communication and CBDC.
Development and Technology
📍Alchemy raises its valuation to $3.500 billion after closing a successful funding round. Blockchain services company Alchemy Hill Alchemy has just raised $250 million in a successful round of funding, with the participation of prestigious venture capital firm Andreessen Horowitz. With the amount raised in this round, Alchemy raises its valuation to $3.500 billion. The company's executives have said that the funds raised during the round will be used to finance its expansion in the United States and other parts of the world, as well as to build a community around blockchain and Web3, among other things.
Crypto investors Pantera Capital, Redpoint, Lightspeed Venture Partners and other industry insiders also participated in Alchemy’s recent funding round.
Rules and Regulations
📍The new updated FATF guidance includes cryptocurrencies, stablecoins, DeFi and NFTs. The Financial Action Task Force (FATF) has just published its New updated guide, focused on cryptocurrencies and virtual asset service providers (VASPs). Despite the fact that the DeFi, being protocols governed by code and smart contracts do not qualify for the organization as VASPs, these were included in their set of compliance guidelines to combat money laundering and other financial crimes.
The FATF noted that the cryptocurrency and digital asset ecosystem is evolving rapidly, so they will constantly monitor this emerging industry and update their guidance if necessary. Last week, Marcus Pleyer, president of the FATF, said that the organization was not changing its guidelines, but rather providing guidance to guide industry participants on how to apply its compliance regulations. In March, the organization had also noted that the NFT would be within their regulations, due to the risk of laundering money through these digital assets.
Continue reading: Hacker steals $130 million from Cream Finance in third exploit the protocol suffers this year
