Quick weekly news:
- Bitcoin, Ethereum and altcoins hold intraday gains after Fed hikes interest rates by 0.75%: Read more here
- XRP hits a 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable?: Read more here
- CTFC slammed for ‘blatant regulation by enforcement’ over Ooki DAO case: Read more here
Other notable events include:
- Finally, the Cardano Vasil update is live
- The blockchain infrastructure company Chain will sponsor the football team New England Patriots
Finally, the Cardano Vasil update is live
The Cardano Vasil update and hard fork have finally gone live as of Thursday at 9:44 pm UTC, providing "significant performance and capability" improvements to the blockchain. This has been delayed for several months.
Input Output Hong Kong (IOHK), a blockchain organization, reported the success of the Cardano mainnet hard fork on Twitter on Thursday. Others followed the progress of the hard fork in a live Twitter Spaces with Cardano co-founder Charles.
Block transmission without complete validation, enabling quicker block production, was initially listed by IOHK as one of the fork's main advancements. In addition, decentralized apps may be deployed and maintained at reduced costs thanks to efficiency improvements to Plutus' smart contracts.
Decentralized finance platform Genius Yield tweeted that the update was "one of the most complex and consequential updates to the Cardano network ever done." In contrast, Bill Barhydt, creator of the cryptocurrency trading platform Abra, dubbed it a "big win for developers."
The blockchain infrastructure company Chain will sponsor the football team New England Patriots
In a statement on Thursday, Chain said it has entered into a multi-year partnership agreement with Kraft Sports + Entertainment, the marketing and events arm of the Kraft Group. Chain paired with Kraft Sports & Ent. will serve as the official blockchain and Web3 sponsor of the Patriots, the New England Revolution soccer team, Gillette Stadium in Massachusetts, and the shopping center Patriot Place. By "merging the physical with the digital," Chain will create Web3 experiences for visitors to Patriot Place and Gillette Stadium.
Ledger, Cloud, and nonfungible tokens are among the goods that Chain claimed to offer. For $100 million, the company purchased.) Measurable Data Token (MDT) and its ecosystem in July, which comprised the blockchain oracle MeFi and the cashback app RewardMe.
While the majority of responses on Crypto Twitter to the Patriots' sponsorship appeared to be supportive, others questioned how blockchain technology would improve the fan experience.
Also, make sure to check out the top altcoin gainers and losers of the week 👇🏼
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