Jack Dorsey Founded Company Known As Bluesky Unveils Roadmap
Bitcoin breaks $20k. Was that the bottom?
Hi Stackers,
101 new investible crypto assets were added to Stack in the last week alone. Use the new prospector today to find your next best investment.
Now on to the top news this week, as Bitcoin breaks the $20k mark. Is the bottom in?
Top News This Week
Aptos Labs Blockchain Launched Its Mainnet
Aptos was developed by ex-Meta (formerly Facebook) employees who pioneered the company's failed project known as the Diem stablecoin.
The Atos Lab blockchain went live, and it is a blockchain coded and written in Move, a Rust-based programming language. However, while Aptos Labs declared its network as “live,” its ecosystem has not yet been completed.
Numerous teams have not yet launched wallets, trading venues, and non-fungible tokens (NFTs), which are essential aspects of decentralized finance (DeFi).
The Layer-1 blockchain platform Aptos Labs went live with its mainnet on October 17, and they shared an update a day after.
XRP Ledger Tests Sidechain, Ethereum Launches Testnet for Shanghai Upgrade, and Ripple Gets Documents of Former SEC Official That Declared Ethereum Not a Security
Based on an announcement posted on Twitter, the blockchain development Peersyst Technologies announced that users of XRP Ledger (XRPL) might soon be able to interact with the Ethereum-compatible decentralized applications (dApps) following the launch of a test phase of the XRP Ledger sidechain. This new chain will have full Ethereum Virtual Machine (EVM) compatibility.
The EF JavaScript Team on Twitter made an announcement surrounding the launch of an early testnet which is essentially a testnet for the upcoming Shanghai upgrade, known as "Shandong.". This testnet is experimental and activates a set of selected Shanghai-considered EIPs for early client testing.
Numerous email messages and documents from the Securities and Exchange Commission (SEC) have been given to Ripple, which is now facing a high-profile legal battle with the regulatory agency surrounding its assertion that XRP was illegally sold as an unregistered security. The news was announced by Stuart Alderoty, Ripple’s general counsel.
FTX US and Its Founder Sam Bankman-Fried Are Under Investigation by the Securities Regulator, and the Founder Tries to Fix Crypto’s Hacking Issues
FTX US and its Founder, Sam Bankman-Fried, are now under investigation by the Texas securities regulator. This investigation was initially detailed through a filing by Texas State Securities Board enforcement director Joe Rotunda in the bankruptcy case of Voyager Digital “.
Sam Bankman-Fried also outlined a framework when it comes to limiting the overall impact of hacks as well as exploits that have been plaguing the industry, such as capping the maximum bounty for attackers at $5 million, alongside introducing a community standard that requires attackers to return a vast majority of assets whilst prioritizing customer protection in return for settling the dispute.
Jack Dorsey Founded Company Known As Bluesky Unveils Roadmap
Bluesky, a Jack Dorsey-Founded platform, announced that they are building a special protocol.
The company has formed a small, independent group of developers tasked with creating a decentralized social media protocol that can create a new standard for online connectivity, which does not have any corporate or governmental influence.
EU Competition Officials Claim Regulatory Tools Can Be Utilized Within the Metaverse and Interpol Enters the Metaverse
According to Friedrich Wenzel Bulst and Sophie De Vinck, through a post on the website of the European American Chamber of Commerce (EACC), economic activity is subject to competition law, regardless of whether it happens offline or online, even when it comes to the virtual world. Sources of revenue in the Metaverse will likely include headsets and other hardware, alongside financial transaction mechanisms, eCommerce, advertising, marketing, and data monetization, based on the report.
The International Criminal Police Organization (Interpol) has expanded towards cracking down on a list of potential crimes within the Metaverse. Based on an official announcement published on October 20, Interpol launched its first-ever Metaverse, specifically created for worldwide law enforcement. It was introduced at the 90th Interpol General Assembly in New Delhi and was already fully operational.
Thanks for reading,
James