“Kintsugi will culminate in the launch of a persistent multi-client testnet to run through the December holidays and serve as the basis for Merge plans made in January.
Kintsugi specs incorporate all of the learnings and minor adjustments from the Amphora interop. The Kintsugi November sprint, then, is an effort to (1) incorporate the new changeset and (2) refine and productionize Merge implementations.
After the launch of this testnet, the relevant EIPs and specs will move into a last call status in which teams and individuals put a final set of eyes on the changeset before it is frozen. After this, the public proof-of-work and clique testnets will undergo the Merge transition in the new year as we teams finalize testing and prepare for mainnet launch.”
“MoonPay’s payment infrastructure lets people exchange traditional fiat currencies and cryptocurrencies for each other using all major payment methods, including debit and credit cards, Apple Pay, Google Pay and Samsung Pay. The platform supports more than 90 cryptocurrencies and over 30 fiat currencies.
MoonPay handles the Know-Your-Customer (KYC) checks to verify a customer’s identity, partnering with vendors around the world to ensure compliance with local regulations. MoonPay also shoulders the time and financial costs of potential chargebacks or fraudulent crypto transactions.
MoonPay has been bootstrapped and profitable since its founding, having processed more than $2 billion in transactions to date, but growth has accelerated significantly over the past year. MoonPay says transaction volume has increased by 35 times since 2020 and the staff has grown from five to over 130.
The next stage of where we’re going is really trying to focus on a new emerging movement around [non-fungible tokens], which we think are going to be a very big area where more and more people will be onboarded into the crypto economy.”
“Mercado Libre, the largest e-commerce company in Latin America by market value, will enable users in Brazil to buy, sell and hold cryptocurrencies starting this week. Mercado Pago’s digital wallet has 16.8 million unique users, according to its third-quarter report of 2021.
Mercado Pago’s president said in an interview with Bloomberg Linea that bitcoin and ethereum ‘could be a revolution in finance.'”
“The president cites Powell’s stewardship of the economy during the pandemic. With Powell as chairman and Brainard as vice chairwoman, Biden said he expects that the duo will help keep the focus on low inflation, stable prices and provide more employment for the American people, as well as address Biden’s stance on climate change.
Economists have previously stated that differences between the two candidates’ positions – on both digital-asset regulation and economic policy – are so slight and finely nuanced that either choice likely wouldn’t have made a huge difference for the industry or cryptocurrency markets. Both candidates were seen as monetary policy “doves” – meaning they would likely be more tolerant of inflation.
Traders in traditional markets seem to have taken the news as a positive, with the S&P 500 up about 0.7% in early trading on Monday.”
“El Salvador President Nayib Bukele announced the plans on Saturday to issue a $1 billion “Bitcoin Bond” with a 10-year maturity on the Liquid Network. Half of the money raised will be used to purchase bitcoin, and the rest will fund construction of a new ”Bitcoin City” along the Gulf of Fonseca near a volcano.
While El Salvador’s new bitcoin-linked bond may be one of the highest-yielding fixed-income instruments globally, it might turn out to be riskier than the country’s outstanding government bonds, which are already categorized as junk-grade.
Some experts said the new offering might struggle to attract investors, especially because the bond appears to pay interest at a lower rate than the country’s conventional dollar-denominated bonds. The latest announcement to issue bitcoin-backed bonds may [also] draw further ire from rating agencies and international partners.
The new El Salvador bond’s projected performance is based on Blockstream models suggesting that bitcoin will rally to $1 million in the next five years – an aggressive target given that the cryptocurrency is currently trading around $58,000.
Anyone buying this bitcoin-backed bond is betting on the cryptocurrency in a very big way, ignoring the credit market currently signaling that El Salvador is very much facing a distressed-debt situation.
While crypto enthusiasts will doubtless be buyers, the simple question is would they rather own the underlying or be happy to take the encumbrance of a clearly distressed sovereign debt.”
“The South China Morning Post (SCMP) has released a white paper detailing its new non-fungible token (NFT) metadata standard called Artifact. The standard will be used to mint historical NFTs, including the SCMP’s own inaugural NFT collection.
The Artifact white paper outlines a proposed governance structure as well as the development of a dedicated marketplace for the sale of historical NFTs.
Through our Artifact white paper, we look forward to inspiring other ‘guardians of history’ to share our vision of making history more discoverable, connected, and collectable.”