Weekly Report (23 – 29 Jan. 23) | What Happened This Week In Crypto

This Report will provide you with some essential and quick news about cryptocurrencies that happened around the world.

1) Elon Musk Confirms McDonald’s (MCD) Offer To Accept Dogecoin (DOGE) Remains “Completely” Open

Tesla CEO and Dogecoin advocate Elon Musk said that he would be willing to eat a Happy Meal on live TV if only McDonald’s would take Dogecoin as payment. The UX/UI and graphic designer at Dogecoin, “DogeDesigner,” asked Musk whether his earlier offer to McDonald’s to accept Dogecoin was still valid, to which the multibillionaire responded with a “100” emoji…[continue reading]

2) Aave Will Release The Third Version Of Its Crypto Lending Technology On Ethereum

Aave v3 will launch on the Ethereum network. Seven assets, including USDC and DAI, are supported by the first deployment. After a successful DAO vote, the DeFi lending platform Aave will publish the third edition of its protocol on Ethereum…[continue reading]

3) Wendy Rogers Of Arizona Recommends Bitcoin As Legal Tender

Critics of prior proposals, such as Williamette University assistant professor Rohan Grey, have argued that the designation of bitcoin as legal cash may violate constitutional restrictions on the capacity of governments to create their own currency…[continue reading]

4) Release Of Cardano Stablecoin Djed Set For Next Week

The stablecoin Djed is anticipated to generate new development and use cases in the Cardano ecosystem’s expanding decentralized finance (DeFi) market. The Djed creator, COTI Network, has claimed in recent weeks that the stablecoin would be launched in January…[continue reading]

5) Iran And Russia Will Embrace Bitcoin After The Failure Of Their Stablecoin Experiments

Earlier this month, it was reported that the Central Bank of Iran is collaborating with the Russian Association Of The Crypto Industry And Blockchain to develop a stablecoin backed by gold for use in settling transactions…[continue reading]

6) Developers Complete The First’ Shadow Fork’ For The Ethereum Shanghai Update

Developers of Ethereum have effectively produced a “shadow split” of the Shanghai update. To test the Shanghai update on a version of the main Ethereum network, developers successfully produced a “shadow split.”…[continue reading]

7) Developer Of Cardano IOG Describes Why 60% Of All Nodes have Gone Down

On Saturday evening the Cardano blockchain encountered an anomaly that caused around 60% of all active nodes to be down for a brief period of time. Even though the blockchain did not halt, there were delays in transactions…[continue reading]