High tales of this week
The unsealed substitute indictment towards Sam Bankman-Fried contains 12 legal expenses
Ethereum Shapella upgrade gets a new date and makes way for ETH un-staking
Ethereum core developer Tim Beiko announced that the Shapella upgrade of the blockchain is scheduled for February 28th. The Shapella network upgrade will be activated on the Sepolia network at epoch 56832. Key changes to the consensus layer include full and partial payoffs for validators and independent state and historical blocks accumulators replacing the original singular historical roots. After the Sepolia fork, the next step would be the March scheduled release of the Shanghai upgrade on the Ethereum Goerli testnet.
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US lawmakers are introducing a bill aimed at limiting the Fed's authority over the digital dollar
US Representative Tom Emmer has introduced legislation that could prevent the Federal Reserve from issuing a central bank digital currency (CBDC). According to Emmer, the CBDC Anti-Surveillance State Act is designed to protect Americans' right to financial privacy. The bill could ban the Fed from issuing a digital dollar “directly to anyone,” prevent the central bank from implementing monetary policy based on a CBDC, and require transparency for digital dollar-related projects.
Emojis are considered financial advice and have legal ramifications, judge rules
Ankr partners with Microsoft to offer enterprise node services
Winner and Loser
Bitcoin at the end of the week (Bitcoin) is at $23,245ether (ETH) at $1,596 And XRP at $0.37. The total market capitalization is at $1.06 Trillion, after to CoinMarketCap.
Among the many prime 100 cryptocurrencies, Stacks are the highest three altcoin gainers of the week (STX) at 122.16% conflux (CFX) at 95.19% and arrival (Anchor) at 38.31%.
The highest three altcoin losers of the week are Fantom (FTM) at -16.07%, dYdX (DYDX) at -13.26% and loop ring (LRC) at -14.41%.
For extra info on crypto costs, see Cointelegraph's Market Evaluation.
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Most Memorable Quotes
"I feel it is about time the Treasury Division, the Feds, the CFTC, the SEC, all of us acquired higher united on crypto."
Maxine waterUS Representative for California
"Where democracies have collapsed, I think it's very clearly related to fiat currency, and I think Bitcoin fixes that in a way."
Alexander GladsteinChief Strategy Officer at the Human Rights Foundation
“Bitcoin mining can really push the boundaries of innovation and investment in renewable energy significantly.”
Jaime LevertonManaging Director of Hat 8
"By acting without the authorization of Congress, [the SEC] continues to contribute to a chaotic regulatory environment and harms the very investors it is designed to protect.”
Chamber of Digital Commerce
"Gone are the days when crypto companies like CoinEx acted like the rules didn't apply to them."
Letizia JamesAttorney General of New York
"Clinically, we've certainly seen an increase in people coming into therapy and reporting difficulties in managing their crypto trading behavior."
Anastasia ChronisAustralian clinical psychologist
forecast of the week
Bitcoin considers 25% of world wealth in new $10 million BTC price prediction
Bitcoin may be struggling with "brutal" volatility, but hodlers and critics alike should have no doubts about its long-term price development, said fund manager and bitcoin expert adviser Jesse Myers while revealing his own "outrageous" BTC price target.
Analyzing Bitcoin's value proposition, he argues that Bitcoin's ability to rise over time means it is all but destined to soak up the value of other asset classes.
“My conservative estimates suggest an outrageous full potential for the price of bitcoin: $10M/bitcoin in today's dollars. Put another way, I believe bitcoin's full potential is to gobble up ~25% of world value...while it's only 0.05% today. That is absurd. That means I believe bitcoin could grow 500x in real terms (adjusted for inflation) over the coming decades,” Myers wrote.
FUD of the week
US crypto regulation takes place “behind closed doors” – Blockchain Association CEO
US regulator crackdown leads to $32 million in digital asset outflows
Kim Kardashian and Floyd Mayweather File Motions to Dismiss Crypto Ad Lawsuit
Kim Kardashian, Floyd Mayweather and other celebrities are hoping to convince a judge to reject another attempt to hold them liable for allegedly promoting EthereumMax (EMAX) without proper disclosure. Recently, the US SEC issued a warning to celebrities promoting crypto, reminding them that they are legally required to disclose how much they are paid and by whom.
Best Cointelegraph Features
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Hong Kong Crypto Rush, DeFi Token Soars 550%, NBA China NFTs – Asia Express
Hong Kong looks to restore retail crypto trading, FTX Japan clients withdraw almost all assets after three months, and NBA China will continue to mint NFTs.
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editorial staff
Cointelegraph Magazine writers and reporters contributed to this article.