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    True courage is doing the right thing when no one is looking. (weekly crypto updates)

    Not a very eventful week, but there's still hope for a pump before the end of the year, I'd say. A few things are happening that I'd love to see next week as well. Check out the token launch on Across Protocol  , Metamask Infura RPC collects your data and why El Salvador could be the future place to go to enjoy your crypto. What else? Read below:

    Bitcoin: Bitcoin Core v24.0 has been released, including new features, bug fixes and performance improvements. Check out their release notes. Shares of Grayscale's Bitcoin Trust are now trading at a 50% discount amid concerns that Genesis Trading may file for bankruptcy. Digital Currency Group CEO Barry Silbert told shareholders they are fine, despite owing about $575 million to its own Genesis Trading division, $350 million to Elridge Industries and a $1.1 billion promissory note related to the collapse of 3AC. Australian mining company Iris Energy shut down its diggers as they were not producing enough cash and lost much of their digging capacity after defaulting on a $108 million loan secured by digging hardware. US Senators Elizabeth Warren, Tina Smith, and Richard Durbin signed a letter asking investment giant Fidelity to abandon its 401(k) bitcoin plan after the FTX collapse. New York says no to carbon-fueled bitcoin mining. Some are talking about updates on the legislative front after the midterm elections and the FTX collapse scheduled for December.

    • Ethereum:  Across Protocol , one of the cheaper and most secure bridges to and from the Ethereum Blockchain, is launching next Monday their native token, $ACX, and they really have airdrop (check out  here  about it) and some great campaign ideas. Ethereum core developers are signaling support for proto-darksharding by being on a list called "considered for inclusion", it could be implemented sometime next year. We don't yet know if this might happen before or after the Shanghai upgrade (the one that opens up stake withdrawals for validators).
    • Altcoins: Hooked (HOOK) is the next token launched on Binance early next month and looks potentially profitable. Binance's recovery fund has more than $1 billion growing to $2 billion, with Jump Crypto, Polygon and Aptos Labs being some of the projects that have contributed at least $50 million to it. The Bank of England has warned that DEFI is still not creating an effective way to manage risks and is only as good as the rules and policies organizing their operations. Chainlink announced that Chainlink Staking is scheduled to launch on the main ETH network on December 6. Polkadot launched the Anti-Scam Bounty initiative to help fight fraud in the ecosystem by paying USDC bounties. Trust Wallet Token (TWT) is getting a boost as Trust Wallet is a decent open source wallet amid Metamask privacy concerns. Litecoin (LTC) is also increasing for a variety of reasons,
    • NFT and blockchain gaming: after OpenSea announced it would impose royalties, X2Y2 announced it would do the same. Magic Eden expands Polygon (MATIC) support. Splinterlands' cutbacks have affected the value of their ecosystem tokens, albeit minimally, causing some users to liquidate some of their in-game assets. But the DEC token now looks disinflationary, slowly decreasing in volume. The developers of Wombat Dungeon Master seem to be improving the game a lot lately. Alien Worlds will soon be launching the Thunderdome feature, where you can use your NFTs to fight each other as part of a team (8 vs 8 and so on). Pegaxy seems pretty dead lately, though their team is trying to get back in there. The PsyberX shooting game looks good and is being tested by its founders right now. Wen the beta test?
    • Good news: El Salvador is doubling down on crypto by working on a digital asset issuance law that would make it easier to transact in any crypto assets, but they exclude CBDC transactions. I wonder if you need to learn more about the Hive blockchain? India is preparing to launch the retail pilot program of its digital rupee in December. The Bank of Japan is working on CBDC with three megabanks. in anticipation of a digital yen trial next year. Interesting to know, but 62% of institutional investors previously exposed to crypto are increasing their allocations while 12% are reducing them. The best thing happening in crypto, however, is that spot trading volume is decreasing on centralized exchanges and increasing on decentralized ones. Not your key, not your crypto really.
    • Bad news: FTX "hacker" or not, as it is the 27th largest ETH holder after the hack, fell 10 positions from the top after it started selling ETH (over 50K ETH were sold last weekend). More bad news, bankruptcy attorneys believe it could take decades to extract all the funds and distribute them, added to the fact that FTX users are in line with everyone else, including lenders, investors and venture capital founders. They also finally admitted in a bankruptcy hearing in federal court in Delaware that a significant amount of assets had been stolen. The crypto sector has laid off 4,695 employees. which represents 4% of all tech layoffs to date, a negligible number if you compare it to Meta and Twitter's layoffs. Almost half of the layoffs were reported in 3 cities: San Francisco, Dubai and New York. The founders of Hashflare were arrested and charged for their involvement in a $575 million Ponzi scheme. They were a cloud mining company that launched in 2015 and allegedly shut down some of its mining operations in mid-2018. Singapore police are investigating crypto lender Hodlnaut after receiving reports of it downplaying its exposure to certain digital assets (we're talking Luna and USTC here). UK Bank Starling has banned crypto-related transactions, citing "high risk".
    • Joke of the week: a crypto wallet belonging to the shuttered, for now, crypto exchange BTC-e, suspected of laundering crypto linked to Mt.Gox, moved 10K in BTC (worth $165 million) to various exchanges, as noted by blockchain analysis firm Cryptoquant . Then, in a surprising move, Chainalysis said that Mt.Gox is much worse than FTX in terms of its effect on the crypto industry and we will be back stronger than ever. I say wishful thinking, as there are a lot more everyday people involved putting their savings into crypto, and digital assets are much more widely used now. The FTX exchange manages $9.5 billion of trading volume per day, holding approx. 10% of the global perpetual bond market. To make matters worse, Amazon is now working on a mini-series about what went wrong with FTX, with the Russo brothers directing the film (yes, the guys behind the Marvel franchise). This news is only rivaled by Consensys' finding, the Metamask creator's revelation that they're collecting user data after Uniswap made a similar update to their privacy policy, basically collecting users' IP addresses and Ethereum wallet when using Infura's default RPC. When using any other RPC, financial data will not be collected. Both Infura and Metamask are products offered by Consensys.
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