? Is McAfee back from the dead?

In the yearTelegram Moves to Web3, Half of Bitcoin’s Transaction Volume May Be Fake, and Says Former Guy John McAfee Faked His Death These stories and more this week in crypto.

Bitcoin falls following the Fed’s warning

Federal Reserve Chairman Jerome Powell has warned households and businesses to prepare for pain as the US central bank aims to lower inflation. Bitcoin fell nearly 5% in the two hours following Powell’s keynote speech at the Fed conference.

Telegram moves to Web3

Popular chat app Telegram allows custom usernames, groups and channel links to be traded on the blockchain as NFTs. As the company gets familiar with the technology, it is inclined to experiment with tons like blockchain. If Telegram goes ahead, custom link NFTs will be another way to monetize the app.

Forbes: Bitcoin Trading Volume Is Fake

After analyzing 157 crypto exchanges, Forbes magazine found that 51 percent of daily reported Bitcoin trades are fake. A common criticism of Bitcoin is the rampant sink trading and poor monitoring of exchanges. The reason why some traders are engaged in the washing business is to increase the transaction volume of the property in order to increase its popularity.

1000% increase in FTX income

Leaked financial documents show that crypto exchange FTX has seen a revenue increase of more than 1000% in one year. Revenue has grown from $90 million in 2020 to $1 billion in 2021. In an analysis of the papers, Barron’s estimated that FTX could raise up to $20 billion in a public stock offering.

MasterCard Enables Crypto Payments Through Binance

MasterCard is now working with the world’s largest cryptocurrency exchange, Binance, to enable crypto payments in 90 million stores. In a LinkedIn post, MasterCard CEO Michael Mibach said they are working to unlock the full potential of blockchain technology by making it easier to use and leverage in everyday purchases.

Ethereum Classic has the highest hashrate of all time

The Ethereum Classic Hashrate has reached a high following the prediction that the Ethereum Hashrate will migrate to Ethereum Classic due to their desire to continue working with Proof of Work. JPMorgan predicted that Ethereum Classic would be one of the main beneficiaries of Ethereum’s conversion to proof-of-stake during the merger.

Australian Government Studies Crypto Tokens

Australia’s new government is conducting a virtual inventory of the country’s cryptocurrency holdings. The Treasury is working on a “token map” listing the types and uses of digital assets held in the country. This is the first step in identifying how crypto assets and related services should be regulated to ensure that customers who interact with crypto are adequately informed and protected.

Ex-girlfriend claims McAfee faked his death.

The ex-girlfriend of John McPhee, a software tycoon and crypto activist, is still alive in Texas, she says. Samantha Herrera’s statement is revealed in a new Netflix documentary called “Running with the Devil: The Wild World of John McPhee.” Herrera’s claim follows reports that McAfee had been in a Spanish morgue more than a year after he allegedly took his own life.

That’s what happened in crypto this week, see you next week.

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