Welcome to Clutch’s weekly Pocket News. This week’s crypto news includes the final upgrade to Ethereum’s merge going live, SEC chair Gary Gensler flexing his creative muscles on how he wants to regulate crypto, and Pulp Fiction quotes with a side of NFT news. Bec talked with The Girls Table about the ups and downs of being a founder, and the merge is officially in our upcoming weekly events!
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The final major upgrade preceding the Ethereum merge was activated on Monday. The Bellatrix upgrade prepares the PoS Beacon Chain to merge with Ethereum’s existing execution layer. Once the merge is complete, Ethereum developers will focus on scalability issues. If you want more information on the merge, check out our content on the Ethereum merge.
The Chair of the U.S. Securities and Exchange Commission made remarks on Thursday that “Nothing about the crypto markets is “incompatible with securities laws.” He commented that crypto intermediaries need to abide by rules that protect their users. His main conclusion was that cryptocurrency doesn’t need new laws to regulate it but already falls under existing laws. The SEC also announced in a press release that they would set up a new office focused solely on reviewing company filings related to crypto.
Miramax, a film company, settles Pulp Fiction NFT lawsuit with director Quentin Tarantino on Thursday. Miramax sued Tarantino last November to stop the filmmaker from selling portions of the original, hand-written screenplay as NFTs, claiming they have the rights to develop, market, and sell digital assets related to its films. Although Tarantino granted extensive rights to Miramax regarding Pulp Fiction, he believes the sale of a unique screenplay excerpt falls within his reserved rights. Miramax plans to withdraw its lawsuit and collaborate with Tarantino on NFT projects in the future.
Starbucks will allow customers to purchase and earn digital collectible stamps in NFT form that offer access to benefits and immersive experiences. This program will be built on Polygon’s PoS network, which sits on top of Ethereum’s network. The reward program will be offered through Starbucks Odyssey, the company’s new Web3 experience.
More of a TBT! Register for access to Bec’s talk with Ariel Marie on Hot Wallets vs. Cold Wallets!
Date: Wednesday, September 14
Time: 1:00-2:00 pm PST
Estimated Date: September 13-15