The Astronomia Solar Bitcoin by Jacob & Co is a high-end, limited edition watch created to celebrate the incredible world of cryptocurrencies. This and more news in this handy daily digest so you're always up to date with the latest events happening within the crypto world.
Bitcoin Solar Astronomy, by Jacob & Co
📍Luxury watchmaker Jacob & Co. has launched a limited edition high-end watch inspired by Bitcoin. Astronomia Solar Bitcoin is a unique luxury watch created as a highly symbolic tribute to the world of cryptocurrencies, led by Bitcoin. According to its manufacturer, the prestigious company Jacob & Co, the Astronomia Solar Bitcoin is considered an outstanding multidisciplinary engineering achievement.
Every detail of this watch is directly related to the Bitcoin universe, the company said. The watch features a rotating Bitcoin logo, as well as symbols that tell the story of the advent of this cryptocurrency, as the first successful one in the world, as well as its transition from abstraction to reality and from atypical to being a pillar of the financial system.
Another aspect of this clock that commemorates Bitcoin is that the Astronomia Solar Bitcoin's rotating platform rotates in 10-minute intervals, the approximate time it takes the network to extract a new block.
Opensea is in favor of Ethereum PoS
📍The industry's largest NFT marketplace, Opensea, has reaffirmed its position ahead of Ethereum's migration to Proof of Stake. On Twitter, the creators of the NFT marketplace confirmed that the platform will only support NFTs on the updated Ethereum blockchain – the new PoS blockchain.
Let's remember that Ethereum will migrate in the middle of this month to the blockchain built on Proof of Stake, to become a more energy-efficient PoS participation chain.
In light of this network migration event, which is getting closer, several companies and projects that make a living in the Ethereum ecosystem have been for or against the network's forked projects, which seek to maintain block mining in the Proof of Work consensus model that Ethereum is abandoning.
In this regard, Opensea clarified that NFT projects based on a forked PoW Ethereum chain will not be supported or reflected on its platform.
$800 million in Compound will remain locked for 7 days
📍An update bug in Compound has led to the $800 million cETH market being blocked for a week. The DeFi protocol developers reported on Twitter that cETH funds are not at risk at the moment, but that 7 days must pass before a new governance proposal is approved and the cETH market can be unlocked.
Compound explained that the Compound V2 price feed update, as per proposal 117, contained a software bug that caused ETH providers and borrowers’ transactions to be reversed on the protocol. It is worth noting that this proposal was audited 3 times, according to the Compound Labs developers.
Proposal 119 is now expected to be approved within a week to undo the update implemented in Proposal 117 and return to the previous price feed so that the cETH market is unlocked.
Continue reading: Ticketmaster has introduced a new feature to issue NFT tickets on Dapper Labs' Flow network
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