BitWell Research Daily News (2022/8/25)

On August 24, Ken of BitWell Institute held a community sharing and AMA on the topic of “Current Status and Outlook for the Metaverse” in the BitWell official community. He explained the background, current status, and future application scenarios of the Metaverse. He also said that BitWell Labs is actively approaching high-quality projects in the Metaverse sector, selecting assets, and bringing more choices to users.

On August 25th, the Ethereum Foundation confirmed the time of the mainnet merger in a blog post. The Merge, must first be activated on the Beacon Chain with the Bellatrix upgrade. After this, the proof-of-work chain will migrate to proof-of-stake upon hitting a specific Total Difficulty value. The Bellatrix upgrade is scheduled for epoch 144896 on the Beacon Chain — 11:34am UTC on Sept 6, 2022.

On August 25th, according to Crypto Briefing, a Netherlands judge has ruled that Alexey Pertsev, the developer who was arrested for publishing open-source code for the Tornado Cash protocol earlier this month, must spend at least a further 90 days in jail for his alleged involvement “in concealing criminal financial flows and facilitating money laundering” via Tornado Cash.

On August 25th, Tether issued an announcement saying that it insisted on the decision not to freeze the Tornado Cash address and waited for the instructions of law enforcement. So far, Tether has not been contacted by law enforcement with a request to freeze the addresses sanctioned by OFAC. Tether said it has been working closely with law enforcement worldwide to assist in investigations, including freezing addresses.

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