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My barn having burned down, I can now see the moon. (weekly crypto updates)

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Another funny week, with all kinds of up and downs. We had 3 crypto-banks going down, we had USDC depegged, and a lot of layoffs lately. Facebook and Instagram stopped their NFT support. What else? Read below:

  • Bitcoin: Fidelity Crypto was opened without any marketing or extra noise, allowing millions of users to trade BTC and ETH commission-free on the platform. You need a Fidelity Brokerage account if you don’t have one already. Bitcoin Ordinals are making the blockchain surge again and again. Bitcoin reached $26K this week and then dropped a bit.
  • Ethereum: Shanghai Upgrade is a step closer, after the final test on Goerli, involving a simulation of staked ETH withdrawals. Once activated, on April 12 at epoch number 620,9536, this Shanghai-Capella upgrade will allow validators to withdraw their staked ETH and the rewards earned. Yet, there is a waiting period for unstacking, which can take even months. Optimism is scaling ETH once more, introducing the OP Stack, and building on and for the Ethereum blockchain. But the greatest piece of news is about the Arbitrum new token being airdropped on March 23. Check on https://arbitrum.foundation/ to see if your wallet is eligible.
  • Altcoins: Elrond (EGLD) just launched a new improved app, and there are even some cool NFTs to receive from them if you are active there and do some tasks. USDC lost its peg to the dollar, once people found out that a part of the stablecoin reserves was at…

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Mihalache Catalin (aspiring polymath)
Mihalache Catalin (aspiring polymath)

Written by Mihalache Catalin (aspiring polymath)

All my books are self-published on Amazon. I have written all my life, mostly poetry and short fiction. I care about me. I care about others. I care as a job.

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