A lot of amazing news this week! Headlines about feature launches that support cryptocurrencies have been all over the news and social media platforms these past 7 days. Last year, we can still remember some huge names in the business industry being against crypto especially bitcoin, mostly because of its price volatility. However, now in 2021, we keep on reading and seeing progress toward crypto mass adoption.
Berlin Fork Live on Ethereum
The Berlin Fork upgrade has already taken place with four Ethereum Improvement Proposals (EIP). These are EIPs EIPs 2565, 2929, 2718, and 2930. By April 7, ETH node operators and miners should have downloaded the latest version of the Ethereum client. If they haven’t downloaded it yet, there’s a possibility that they might be stuck on an incompatible chain. Read more
Turkish Central Banks Ban Cryptocurrency Payments
The head of the Turkish Central Bank, Sahap Kavcioglu, released a statement about the new regulation that will be implemented on April 30th. In the said regulation, cryptocurrencies will not be used as payments directly or indirectly. Nevertheless, cryptocurrency deposits are still allowed. Read more
Bank of England Considers a New Digital Currency
The Bank of England is exploring a potential UK Central Bank Digital Currency (CBDC). Alongside the cash and bank deposits, a CBDC will be a new form of digital currency to use for households and businesses. Moreover, it has been announced that there will be a CBDC Engagement Forum and CBDC Technology Forum. As of now, the Bank of England hasn’t decided yet whether to introduce a CBDC in the UK. Read more
Paypal Extends Support in Crypto with Venmo
It has been announced that Venmo is now allowing users to buy, hold, and sell cryptocurrency on its app. With the conditional license from the New York State Department of Financial Services (NYDFS) received by Paypal, the functionality of crypto in Venmo became possible. The said launch shows PayPal's commitment to supporting cryptocurrencies. Read more
