Bankless ROLLUP: BitBoy Lawsuit | Ethereum Merge Updates | Biden Cancels Debt | Tornado Cash Fallout | Pudgy Penguins
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Aug 26, 2022 The hosts dive into the implications of Biden's student loan relief amidst rampant inflation. They tackle the mysterious fallout from Tornado Cash sanctions and the dilemmas of privacy in crypto. Insights on the Ethereum merge transition from proof of work to proof of stake take center stage, alongside discussions on rising interest in NFTs and competition among major brands. A glimpse into the evolving job market in crypto and the anticipated launch of Arbitrum's Nitro adds excitement, while concerns around integrity in the community raise vital questions.
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BitBoy Lawsuit Dropped
- BitBoy Crypto, known for alleged pump-and-dump schemes, sued YouTuber Atozy.
- The crypto community rallied behind Atozy, leading BitBoy to drop the lawsuit.
Merge Update
- Ethereum's merge is scheduled for September 15th; node operators should update their clients.
- The Bellatrix upgrade, a key step in the merge process, will occur on September 6th.
Merge Overhyped?
- Some argue that the Ethereum merge is overhyped due to lower-than-expected ETH burn rates and staking yields.
- However, reduced ETH issuance remains a significant bullish factor, especially compared to other blockchains.