This Week in Crypto – Craig Wright, Binance, and Ethereum Blobs

By Mark Hunter

2 days agoSun Mar 17 2024 09:37:09

Reading Time: 2 minutes

This week in the crypto world we saw Ethereum blobs take shape, Binance executives still stuck in Nigeria, and a certain individual lose a certain trial.

About f*****g time.

Bee Movie Takes Advantage of Ethereum Blobs
An Ethereum developer this week showed off the improvements brought about by the recent Ethereum Dencun upgrade by uploading the entire script for the film Bee Movie , and paying just $14 in fees. Dan Cline conducted the upload a few minutes after the upgrade went live on March 13, which allows data to be uploaded to the network in ‘blobs’ which are cheaper to process than the existing method.

Dencun has been in testing for some months and promises to reduce the costs of transacting Ethereum on layer 2s, a promise that has been received by the crypto community as being better late than never.

Binance Executives Still Held ‘Hostage’ in Nigeria
Two Binance executives are still being held against their will in Nigeria, with authorities demanding that the exchange hand over user data. Tigran Gambaryan, head of the exchange’s financial-crime compliance division, and Nadeem Anjarwalla, Binance’s regional manager for Africa, have been held in the country ever since arriving there two weeks ago as Nigeria attempts to tackle a growing currency crisis.

While denying that the pair are being treated like hostages, officials have demanded that Binance release data on its top Nigerian users, with the implication being that the pair will not be released until they do.

Craig Wright is Not Satoshi Nakamoto
Ten years after he first claimed it in an email, Craig Wright has lost what may turn out to be his last chance to prove he is Satoshi Nakamoto. Wright lost against the Cryptocurrency Open Patent Alliance yesterday , a verdict which means he automatically loses a host of other cases he asked to be connected to the outcome of this one, as well as leaving him open to potential criminal prosecution.

In a nod to how empty Wright’s case was, the judge, Justice Mellor, ruled at the end of closing submissions yesterday rather than waiting until he had finished his written report months later. COPA has alleged that Wright’s case has been based on a mountain of fabricated evidence, and has asked that this fraud be forwarded to the Director of Public Prosecutions for potential criminal sanctions.

This could mean that Wright could go from Satoshi candidate to sanitation cleaner in a matter of months.

You are currently viewing This Week in Crypto – Craig Wright, Binance, and Ethereum Blobs

Leave a Reply