This week in the crypto world we saw the first ICO on Bitcoin, another Ethereum ETF, and more updates in the Satoshi Nakamoto trial.
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First Bitcoin ICO Goes Live
The first-ever ICO on the Bitcoin blockchain this week raised over $600,000 in its first few hours as the concept of token raises on the chain takes hold.
Bitcoin Dogs has generated considerable buzz with its BRC-20 ICO, evoking memories of the 2017 ICO boom which helped drive the value of Ethereum. Bitcoin Dogs is based on Ordinals, whose BRC-20 token standard has caused an uproar among some Bitcoin purists and marks a significant paradigm shift in the use of Bitcoin for more than just monetary transactions.
Disney Goes Epic for the Metaverse
Asset management giant Franklin Templeton this week filed for a spot Ethereum exchange-traded fund (ETF), marking its entry as the eighth player aiming to introduce a similar product in the market.
This move follows the US Securities and Exchange Commission’s (SEC) approval of 11 spot Bitcoin ETFs in January and turns attention onto the space’s second-biggest coin by market cap. All the potential suitors for an Ethereum ETF are those who have already been successful with a Bitcoin ETF, showing that they have the know-how to get the job done.
Craig Wright Tangles Himself in Knots in Satoshi Trial
This week has seen more back and forth in the COPA vs. Craig Wright trial, with Wright finishing off his opening round of cross-examination and his first batch of witnesses taking the stand.
Highlights included Wright failing over basic coding knowledge, the judge shooting him down when he tried to use the witness stand as a BSV pulpit, and some fascinating stories about ninjas.
Catch up on all the gory details with our week two summary.
