# The Coinweb Weekly Spin

**Published by:** [Coinweb.io](https://paragraph.com/@rukawin/)
**Published on:** 2023-05-22
**URL:** https://paragraph.com/@rukawin/the-coinweb-weekly-spin-4

## Content

**The Weekly Spin. Third Edition. **Happy Bitcoin Pizza Day! It was only 13 years ago today, when some guy (Laszlo Hanyecz, who gets flashback trauma every year from degens and crypto n00bs all over the world) purchased (literally, scammed) two Papa John’s pizzas for 10k BTC – marking the first “real world” transaction completed with cryptocurrency. Actually, this has been proven to be untrue – as a user named Sabunir posted on the BitcoinTalk Forum that he was willing to sell a desktop wallpaper for 500 BTC (approximately $1 in 2010). This predates the pizza transaction to Jan. 24, 2010, and actually it was a JPEG that was purchased (ironic, isn’t it?). And I wonder why they don’t call it Two-pizzas day. Anyhoo, the custom for this industry-wide annual celebration is to calculate today’s current value of those two pizzas: 10,000BTC currently equals $266,630,600.00 = $133,315,300 dollars per pie. Let’s take it a step further and assume it was a typical large pizza, which would break down to just a little over $16 million a slice. Alas, the scammer got scammed. Contrary to celebrations, it’s been 13 years – and what do we, as an industry, have to show for it? We’re arguing about whether apes should be allowed to be inscribed onto the original blockchain, we’re finally getting some regulatory clarity around the world outside of the US, who’s banking system collapse and national debt ceiling has set the scene for crazies like the honorable Gary Gensler to go around suing everyone with his endless war chest, political strife in almost every corner of the world, and everyone up in arms about every issue that involves the baby boomer generation, who is still diving head-first to beat the 1.5C global climate temperature increase limit. This technology is supposed to be able to solve the greatest problems facing humanity, but we’re too busy buying phallic frog coins and pulling rugs to actually make a difference. Do you think the AI sector, which has matured to an escape-velocity innovation rate, would take this long to make a globally changing impact? I don’t think so. But instead, here is our round-up of curated news and opinions (surely biased) from the world of Blockchain, keeping you informed into the market news with the most trending, in-the-know, and controversial topics. In the name of transparent, dissemination of information to keep you curious, inspired, and clinically sane… Ongoings at Coinweb **Coinweb is now Live on Zealy! Join our community of Questooors on the Zealy (formerly Crew3) platform to earn XP and special privileges – including an opportunity to participate in our Alpha Wallet Tester Program! **https://zealy.io/c/coinweb/questboard The Coinweb Monthly Spin - Seventh Edition: Coinweb Project's Monthly Round-Up and Curated News & Events From The Bleeding Edge of All Things Web3 https://coinweb.beehiiv.com/p/coinweb-monthly-spin-sixth-edition?_gl=1*1lv6vvu*_ga*NjEwNTkwMjc0LjE2NzU3NTc5NjQ.*_ga_E6Y4WLQ2EC*MTY4MDQ5NDg4Mi4yMy4xLjE2ODA0OTU1ODcuMzguMC4w Implementing Gas Fee Abstraction on Coinweb https://medium.com/@Coinweb.io/implementing-gas-fee-abstraction-on-coinweb-c6843ec6613b Coinweb’s Monthly Event Marks 1 Year Anniversary of Organising “The Best Events in the Crypto Space” feat. KuCoin Labs, Elevate Ventures, and Gangster All-stars https://coinweb.io/events/an-evening-with-the-bangkok-community/?utm_source=coinweb.beehiiv.com&utm_medium=newsletter&utm_campaign=the-coinweb-monthly-spin-seventh-edition Coinweb Completes Integration of 4 New Blockchains Delivering Along its Roadmap for Cross-Chain Interoperability https://finance.yahoo.com/news/coinweb-completes-integration-4-blockchains-154031366.html?guccounter=1 Coinweb Prioritises Community Trust with Transparent Reserve Allocation https://medium.com/@Coinweb.io/coinweb-prioritises-community-trust-with-transparent-reserve-allocation-ce14063b6fa9 CWEB Token Usage and Utility https://medium.com/@Coinweb.io/cweb-token-usage-913307f8f441 Coinweb has Closed $2 Million Fundraising Round from SAVA Investment Management https://www.benzinga.com/pressreleases/23/04/a31637718/coinweb-has-closed-2-million-fundraising-round-from-sava-investment-management Coinweb Labs is proud to unveil LinkMint 📷📷, our groundbreaking Cross-Chain Tokenisation Platform and DeconX, our integrated native DEX! Live Walkthrough Demonstration for the Community by Toby, Knut, and Alexander. https://www.youtube.com/watch?v=CSKA3cAB15U Toby’s full presentation at Token2049-London https://youtu.be/pdtKx3vAs9c On the Radar **REDeFiNE Tomorrow, May 25-26 (Bangkok, Virtual) **ETHDublin, May 26-28 (Dublin) Israel Crypto Conference, May 29-30 (Tel Aviv) **Interoperability vs. Security Coinweb Event, Jun 1 (Bangkok) **Non Fungible Conference, Jun 7-9 (Lisbon) AIBC Asia, Jul 19-22 (Manila) TOKEN2049, Sep 13-14 (Singapore) **Blockchain Events curated by CryptoNomad **https://docs.google.com/spreadsheets/d/1KtyFTb_W282bQ1xoVA5rlTwTDz3QfhswWIVpXhpbQIc/edit On the Block(chain) Post-Mortem Report: Ethereum Mainnet Finality (05/11/2023) https://offchain.medium.com/post-mortem-report-ethereum-mainnet-finality-05-11-2023-95e271dfd8b2 Mad Maxis: The Mematic Rise of BRC-20 tokens https://medium.com/coinmonks/mad-maxis-the-mematic-rise-of-brc-20-tokens-9eba633a1572 Public testnet proof of concept and what is next https://medium.com/@ordinexio/public-testnet-proof-of-concept-and-what-is-next-2024dfcb9b86 ChatGPT hitting App Store might be game-changing for AI cryptos https://crypto.news/chatgpt-hitting-app-store-might-be-game-changing-for-ai-cryptos/ Ethereum non-zero addresses hit new all-time high https://crypto.news/ethereum-non-zero-addresses-hit-new-all-time-high/ Tornado Cash attacker creates proposal that could restore governance https://cryptoslate.com/tornado-cash-attacker-creates-proposal-that-could-restore-governance/ Long-term holder supply hits an all-time high https://cryptoslate.com/insights/long-term-holder-supply-hits-an-all-time-high/ Bitcoin difficulty hits record high as hash rate surges to 350 TH/s https://cryptoslate.com/insights/bitcoin-difficulty-hits-record-high-as-hash-rate-surges-to-350-th-s/ Mass exodus of Bitcoin: 2.3M BTC leaves exchanges as balance plummets below 12% https://cryptoslate.com/insights/bitcoin-exchange-balance-falls-below-12/ Law firm threatens class action suit against disastrous $PSYOP memecoin https://cryptoslate.com/law-firm-threatens-class-action-suit-against-disastrous-psyop-memecoin/ ** Competitive Landscape** Ripple launches CBDC and stablecoin issuance platform https://crypto.news/ripple-launches-cbdc-and-stablecoin-issuance-platform/ Tether’s Bitcoin bet puts it in competition with MicroStrategy, has potential to cause market volatility https://cryptoslate.com/market-reports/tethers-bitcoin-bet/ Introducing $GALA(v2): A New Era for the Gala Games Ecosystem https://blog.gala.games/introducing-gala-v2-a-new-era-for-the-gala-games-ecosystem-e1ca2e09608b BitDAO-Mantle merger creates $2.5B DAO-led web3 ecosystem https://cryptoslate.com/bitdao-mantle-merger-creates-2-5b-dao-led-web3-ecosystem/ Here’s Why You Must Keep Your Eye on This zkSync Platform https://scottdebevic.medium.com/heres-why-you-must-keep-your-eye-on-this-zksync-platform-e85c9fd8cfa4 In Battle Over A.I., Meta Decides to Give Away Its Crown Jewels https://www.nytimes.com/2023/05/18/technology/ai-meta-open-source.html?campaign_id=7&emc=edit_mbae_20230519&instance_id=92900&nl=morning-briefing%3A-asia-pacific-edition&regi_id=197842597&segment_id=133301&te=1&user_id=5b69ed62e370cf52e97c501e1ecb47b3 Worldcoin faces privacy concerns as iris scan black market emerges for biometric verification https://cryptoslate.com/worldcoin-biometric-verification-faces-privacy-concerns-as-black-market-for-iris-scans-emerges/ Cardano’s Hoskinson calls Ethereum Classic ‘scam’ after Ergo’s exclusion from Proof-of-Work Summit https://cryptoslate.com/cardanos-hoskinson-calls-ethereum-classic-scam-after-ergos-exclusion-from-proof-of-work-summit/ US. Coordinated Regulation Failures Biden opposes agreement that could protect “tax cheats and crypto traders” https://cryptoslate.com/biden-opposes-agreement-that-could-protect-tax-cheats-and-crypto-traders/ Market volatility spikes after Powell hints Fed could slow rate hikes amid banking stress https://cryptoslate.com/market-volatility-spikes-after-powell-hints-fed-could-slow-rate-hikes-amid-banking-stress/ Treasury sanctions Huriya CEO’s Tether address over Russia connections https://cryptoslate.com/treasury-sanctions-huriya-ceos-tether-address-over-russian-connections/ MetaMask firm counters FUD, says it doesn’t collect taxes from wallet users [https://cryptoslate.com/metamask-firm-counters-fud-says-it-doesnt-collect-taxes-from-wallet-users/ ](https://cryptoslate.com/metamask-firm-counters-fud-says-it-doesnt-collect-taxes-from-wallet-users/) World Everything you need to know on UK regulating crypto as gambling https://cryptoslate.com/everything-you-need-to-know-on-uk-regulating-crypto-as-gambling/ Blockchain Technology and Its Impact on the Voluntary Carbon Market https://medium.com/perlin-network/blockchain-technology-and-its-impact-on-the-voluntary-carbon-market-2d4ac554db54 As the U.S. Attends the G7, China Hosts a Summit of Its Own https://www.nytimes.com/2023/05/18/world/asia/china-central-asia-g7.html?campaign_id=7&emc=edit_mbae_20230519&instance_id=92900&nl=morning-briefing%3A-asia-pacific-edition&regi_id=197842597&segment_id=133301&te=1&user_id=5b69ed62e370cf52e97c501e1ecb47b3 Cyclone Aid Stalled in Myanmar: ‘I Just Hope We Get Help Before We Die’ https://www.nytimes.com/2023/05/18/world/asia/myanmar-cyclone-mocha.html?campaign_id=7&emc=edit_mbae_20230519&instance_id=92900&nl=morning-briefing%3A-asia-pacific-edition&regi_id=197842597&segment_id=133301&te=1&user_id=5b69ed62e370cf52e97c501e1ecb47b3 Economic Equilibriums and Disruptions: MacroSlate Weekly https://cryptoslate.com/economic-equilibriums-and-disruptions-macroslate-weekly/ Tether-KriptonMarket partnership allows small Argentinian businesses to accept USDT https://cryptoslate.com/tethers-new-partnership-will-allow-small-argentinian-businesses-to-accept-usdt/ Thought Leadership A Note About Trading Crypto Better https://medium.com/crypto-24-7/a-note-about-trading-crypto-better-a4e34e822c9 The Bitcoin Wealth Pyramid — How Much Money Do You Need to Join the Elite? https://medium.datadriveninvestor.com/the-bitcoin-wealth-pyramid-how-much-money-do-you-need-to-join-the-elite-59902c918245 Decentralized, you say? Unsolved problems of web3, dapps and p2p https://medium.com/@jankammerath/decentralized-you-say-unsolved-problems-of-web3-dapps-and-p2p-49fdbed7a37d Advanced Web3 Tokenomics Design — Part 1: Revenue Streams https://cryptorookies.medium.com/advanced-web3-tokenomics-design-part-1-revenue-streams-777066c2c0ee

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