“Shanghai” execution, withdrawal of staking ETH begins / Shiba Inu coin metaverse, partial opening by the end of 2023[top news from 4/8 to 4/14]| coindesk JAPAN | Coindesk Japan

Shanghai (Chapela) is positioned as a historic milestone to complete the multi-year transition to a Proof of Stake (PoS) network – a digest of this week’s top stories.

According to South Korean broadcaster KBS, Do Kwon, the co-founder of the collapsed cryptocurrency issuer Terraform Labs, has left no assets in South Korea. prosecutor announced.

Kwon, who is South Korean, was arrested in Montenegro last month for trying to travel with forged documents. South Korea and the United States have demanded his extradition, and Kwon is likely to face criminal charges in both countries.

Thailand’s prime ministerial candidate has promised all citizens a digital currency of 10,000 baht ($300) if his party wins power in the general election scheduled for May.

Real estate tycoon Srettha Thavisin has promised a basic income-style economic stimulus with a “digital currency” if his political party “Pheu Thai” wins the next election, according to the Bangkok Post.

Despite recent regulatory headwinds, the cryptocurrency market has risen strongly over the past month with Bitcoin (BTC) outperforming, JPMorgan said in a research report last week. there is

“The US banking crisis and significant outflow of funds from bank deposits to money market funds (MMFs) are seen by crypto advocates as proof of the legitimacy of the crypto ecosystem,” the report states. there is

The Bank of England is looking to build a 30-person team to develop a central bank digital currency (CBDC), The Sunday Times reported. The source of the figures was not disclosed.

Hong Kong Finance Minister Paul Chan wrote in a blog on April 9 that although the cryptocurrency market is very volatile, now is the “right time” to push Web3 adoption in Hong Kong. He said he made Web3 technology one of three focus areas when planning Hong Kong’s budget.

Zero-knowledge proof (ZK) layer-2 blockchain CryptoGPT raises $10 million in Series A funding amid growing interest in artificial intelligence conversion) was procured.

The round was led by market maker DWF Labs, with CryptoGPT valued at $250 million, according to a statement.

The Shiba Inu Coin (SHIB) developer said in an update on April 10 that the Metaverse project “SHIB: The Metaverse”, which expands the utility of the Shiba Inu Coin (SHIB) ecosystem, is scheduled to partially open by December this year. ing.

“All development will still take some time, but by the end of 2023, users will have the opportunity to explore, design, build, play and develop in several areas of this amazing world. I’m sure,” said the developer.

Animoka Brands Japan announced on April 10 that CEO and Representative Director Tatsuki Tanimoto retired on March 29, and Daisuke Iwase took over as his successor. Iwase is known as the co-founder and former chairman of Lifenet Insurance Company.

The Central Bank of Montenegro will develop a pilot version of its central bank digital currency (CBDC) with blockchain provider Ripple.

Ripple announced on April 11 that the pilot will confirm the utility of central bank stablecoins and create a mechanism to simulate their circulation.

Decentralized finance (DeFi) projects may be forced to prove they meet governance and security standards or be forced to incorporate, according to a report released by France’s central bank.

Policy makers are increasingly turning their attention to financial services without a single central authority, with the US Treasury Department last week calling for tougher money laundering controls and DeFi’s illicit fundraising in North Korea. warned that it was being used by

The long-awaited upgrade of the Ethereum blockchain, “Shanghai,” has been implemented. With staked Ethereum (ETH) now available for withdrawal, a new era of the Ethereum blockchain has begun.

Shanghai took place at 22:27 UTC on the 12th and was expected to finalize in two epochs, about 14 minutes. The upgrade was also called “Shapella” because it happens simultaneously in the execution layer “Shanghai” and the consensus layer “Capella”.

On April 12, Chiru Labs, a Web3 company that handles the NFT collections “Azuki” and “Beanz,” and IPX, which handles the popular character collection “LINE FRIENDS,” announced a partnership.

The two companies plan to collaborate on contents, products, retail sales, real activities, metaverse experiences, etc., and it seems that the collaboration between Beanz and LINE FRIENDS will be promoted first.

While the U.S. Federal Reserve (Fed) maintains its tight monetary stance, China appears no longer hesitant to expand credit, a positive sign for crypto assets and other risk assets. It’s becoming

China’s credit impulse index — the share of new credit or bank loans in gross domestic product — has risen to 26% from 24% at the start of the year, according to data site MacroMicro.

The floor price of the popular NFT collection “Bored Ape Yacht Club (BAYC)” is 55.59 Ethereum (ETH), the lowest in five months, according to Cryptowatch data.

The drop came after anonymous BAYC holder “franklinisbored” tweeted that he had sold most of his collection. According to on-chain data, franklinisbored sold at least 27 BAYCs in 12 hours for 1439.5828 ETH (about $2.8 million).

After the Ethereum blockchain completed its major upgrade “Shanghai (also known as Chapera)” on April 12, a significant number of validators requested unstaking of staked Ethereum (ETH), so the current situation is that withdrawals are not possible. has been waiting for two weeks.

According to network explorer Rated, the number of validators waiting for withdrawals in the hours after the completion of Shanghai was about 17,000 full withdrawals and 28,500 partial withdrawals.

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