Welcome to the latest Openware Crypto Digest! Let’s go over the most exciting news that happened last week in the crypto industry.
- Shiba Inu Went Up 86% Last Week and Became the 9th Largest Crypto Token.
- Mastercard Partnered up With Bakkit to Offer Crypto Services.
- New Adobe Photoshop Feature Will Support NFT Verification on Marketplaces.
- Coinbase Became the Most Popular iPhone App and Overtook TikTok.
- Ethereum 2.0 Altair Upgrade Deployed Successfully.
Shiba Inu Raised 86% In Value and Became the 9th Largest Crypto Token
There was an initial report on October 24 where Bloomberg announced that Shiba Inu was up 50% and became the 11th largest cryptocurrency token at the time. On November 1, the token increased by 86% throughout the previous week and is now on the 9th spot, raising its value even further.
Shiba Inu was dubbed by many as the “Dogecoin killer” and had been quickly soaring to record heights.
Two reasons have fueled the rise. The first is the rumors that were floating around in the crypto world that the coin will be listed on the popular trading app Robinhood, while the second reason was the tech billionaire Elon Musk, who tweeted the SHIB token going to the Moon.
Additionally, there were even petitions on Change.org, which gained a lot of traction imploring Robinhood to list the SHIB token on their platform, which led to speculation that the platform could potentially consider this request.
Mastercard and Bakkt Partnered up to Offer Crypto and Loyalty Services and Solutions
Mastercard is preparing to announce that any of the thousands of banks and millions of merchants out there on its payment network will soon be able to integrate crypto within its products.
This includes Bitcoin wallets, Credit and Debit cards that allow users to earn rewards in crypto and spend digital assets. There are even loyalty programs where airline or hotel points can be converted into Bitcoin.
With the goal of achieving such a task, the Mastercard network has partnered with Bakkt. Bakkt is the crypto firm spun off by International Exchange and will be the provider of custodial services for those who sign up.
This could significantly expand how regular Americans earn and spend Bitcoins and other cryptocurrency tokens. Mastercard runs one of the dominant global payment networks alongside Visa and is connected with over 20,000 financial institutions across the globe. Additionally, there are 2.8 million Mastercards in use.
Adobe Photoshop Introduces a Feature That Supports NFT Verification Across Marketplaces
Adobe will soon roll out a “prepare as NFT” option in preview. This feature can be expected to be released by the end of October and the beginning of November.
According to a blog post published on the Adobe Blog on October 26, Adobe will unleash a Content Attribution feature in Photoshop. This feature aims to allow artists to prove that they are the creators of artwork on NFT marketplaces. The feature is Content Credentials and can capture identity data as an image is edited on the software and stored as metadata.
This feature will be fully optional, and the company even launched a website where the credential metadata of images can be additionally verified.
Users have the opportunity to link their Adobe accounts and Content Credentials with social media profiles or cryptocurrency wallets.
Suppose they decide to sell their art as an NFT. In that case, the marketplace will be able to show a digital certificate based on the Adobe-verified credentials, which will be linked on Binance, Adobe’s online portfolio site.
Adobe has formed a partnership with NFT marketplaces as well, including OpenSea, Rarible, KnownOrigin, and SuperRare, to display the credentials on the platform.
Coinbase Became the Most Popular iPhone Application That Even Overtook TikTok
Coinbase managed to climb to the top of Apple’s AppStore in the U.S. last Wednesday, and at the time, Coinbase sat on the number one spot above TikTok, Instagram, YouTube, and other popular applications.
However, at the time of writing, it fell to the 19th spot in terms of popularity. Keep in mind that this was not the first time in history where Coinbase became the most popular app on the AppStore. The exchange took the #1 spot in early May as well, when Dogecoin was truly at its peak. This also occurred weeks after the exchange went public on Nasdaq. Additionally, Coinbase also reached the #1 spot in late 2017 as well.
Ethereum 2.0 Altair Upgrade Deployed Successfully
According to the October 27th tweet from Ethereum’s core developer, Raul Jordan, the Altair upgrade on the Beacon Chain was successfully deployed.
Ethereum stakers didn’t need to take any actions as the improvements occurred in the background. However, validators still needed to pay attention.
This upgrade occurred almost a year after the activation of the Beacon Chain. According to Preston Van Loon, finality was uninterrupted, and participation dropped as low as 93.3% in the first Altair epoch. Participation now is above 95%.
According to an Ethereum Foundation (EF) release, Altair is an upgrade that brings light client support, minor patches to incentives, and per-validator inactivity leak accounting.
It also introduces cleanups to validator rewards accounting for simplified state management and an increase in the slashing severity.
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