Shock as Ethereum's network glitches

READ TIME - 2 min 42 seconds

GM, this is The Crypto Explorer, the Domino’s Pizza of newsletters, we come to you hot and fresh every day. 🍕

Here’s what we got for you today:

  • 🚨 Ethereum mainnet stopped finalizing ...but then recovered!

  • 🇺🇲 US Rep. Brad Sherman admits the US prints money out of thin air.

  • 🦊 MetaMask now allows US users to purchase crypto via PayPal

  • 🧱 Around The Block: Binance.US seeks ways to cut CZ's majority stake.

🚨 Ethereum Mainnet Stopped Finalizing
...but then Recovered.

Ethereum's mainnet had a momentary setback in transaction finality yesterday, leaving its users in a brief state of panic.

New blocks could be proposed, but an unknown issue prevented them from being finalized.

Fortunately, after about 25 minutes, finality was restored, and the network was back to finalizing blocks.

Still, nobody knows the root cause of the problem. 🤷‍♂️

However, Ethereum developers are investigating the problem to prevent it from ever happening again.

🇺🇲 Congressman Brad Sherman Admits the US Prints Money out of Thin Air.

US Congressman Brad Sherman at the recent house meeting accused “crypto bros” of making money out of thin air.

He admitted the US govt also makes money out of thin air but then justified it by saying: “We can because we're the US government".

You can't make this sh*t up! 🤣

If you haven't seen the video, I reckon you do.

🦊 MetaMask now Allows US users to Purchase Crypto via PayPal

MetaMask now allows US users to purchase Ether through PayPal, making it the first Web3 wallet to offer Ether transactions via PayPal.

The integration will also allow users to transfer ETH from PayPal to MetaMask.

This new integration follows MetaMask's recent introduction of a feature called “Buy Crypto” which allows users to buy crypto with fiat currency directly from its Portfolio DApp.

In case you’re wondering, users from Africa aren't left out.

Metamask partnered with a crypto fintech firm MoonPay, enabling users in African countries to purchase crypto via instant bank transfers.

Metamask is determined on keeping its status as the go-to wallet in crypto.

🧱 Around The Block: Binance.US seeks ways to cut CZ's majority stake.

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That's all we've got for you today.

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In any case, see you tomorrow, or on Twitter, if you're there: @danielakpobare

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.

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