News of the week. Friday, October 1


Friday, October 1. The week is coming to an end, so we can talk about the most interesting news in the crypto industry for this week.

Developer Danny Ryan named the date of the Ethereum 2.0 update

Ethereum 2.0 developer Danny Ryan wrote a post on Twitter that the first update of the Beacon Chain with the name Altair will take place on October 27.

“The update will provide support by the main consensus of light users, learn the accounting of incentives in the network, correct problems with rewards to validators and adjust the level of penalties according to EIP-2982,” Ryan concluded.

After the Altair hard fork takes place, the developers of ETH 2.0 will create the logic and specifications for merging with the main Ethereum network. Next, the software will begin to be tested with the rest of the teams in the testnet.

“Engineers will check various specifics in the present form in order to eliminate problems as they become available,” Ryan summed up.

Work on the update was carried out throughout 2021.

Alibaba bans the sale of Bitcoin miners

From October 2021, the Chinese company Alibaba will ban the sale of mining equipment on its site.

“If we take into account the unstable laws and regulations that relate to digital assets and related products in a variety of international markets, Alibaba will ban the sale of mining components in addition to banning the offer of digital assets themselves, such as bitcoin, Litecoin, BeaoCoin, QuarkCoin and Ethereum,” the trading platform said in a statement.

With the onset of October, two subcategories will be removed in the “Consumer Electronics” section: “Blockchain miners” and “components for them”. 

Representatives of the platform warn users that if someone tries to circumvent the restrictions and continues selling components, such attempts will not succeed, and the accounts of violators will be blocked.

Elon Musk calls on the US authorities to abandon the regulation of the crypto industry

During the Code Conference, which was held in California, Elon Musk said that the United States government needs to stay out of the crypto industry with regulation.

“I believe that the authorities will not be able to destroy digital assets, but they are able to slow down their progress,” Musk said.

According to him, the cryptocurrency has a higher potential compared to the traditional currency. However, digital assets will not be able to solve all public problems, the billionaire added.

Musk also suggests that the cryptocurrency by its nature is “focused on lowering the powers of a centralized government,” and this contradicts the view of the ruling party of China.

In China, CoinGecko and CoinMarketCap services have been blocked

The analytical platforms CoinGecko and CoinMarketCap have become inaccessible to residents of China.

CoinGecko stated that the service did not take any restrictive measures, due to which China’s access to the service would be limited.

In the People’s Republic of China, the popularity of VPN services that allow you to circumvent restrictions has grown. This happened thanks to new prohibitions regarding the crypto industry. The Telegram messenger has also started to gain popularity, as the owners of cryptocurrency chats in WeChat have begun to switch to it.

On September 24, information appeared about new measures that China will begin to take regarding the crypto industry. The State Committee for Development and Reforms of the People’s Republic of China pointed out the poor impact of mining on the environmental indicator and its “insignificant” investment in the country’s economy.

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