Summary of the news
18 Sep 2022 – 09:00
Here is a new edition of the news digest of the Finax.in site for week 10 to 16 September 2022. A weekly publication that offers you an overview of the main highlights of the cryptocurrency and blockchain universe over the last 7 days.
This with 5 essential items that allow you to keep abreast of important innovations and advances in the field. But also to stay up to date with interesting investments and the best possible opportunities within this ecosystem.
And at the end of this selection, a complete technical analysis of the price of Bitcoin and other cryptocurrencies emblematic with regard to the news of the week.
A good way to keep an eye on the cryptosphere while enjoying the weekend.
Good readingโฆ
Ethereum โ The Merge successfully deployed
The fact was expected, but nevertheless remains historic. The Ethereum network has just completed its merger โ The Merge โ from Proof of Work (PoW) to Proof of Stake (PoS). A mutation initiated for years which therefore finds its final point in this Thursday, September 15, 2022. The main consequence is a very significant reduction in its energy consumption. And, according to the first elements made public, an open heart operation which would have taken place without complicationsโฆ
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MicroStrategy still sells stocks to buy even more Bitcoin
MicroStrategy stay the course. Despite a context that some consider risky for the financial health of the company monitoring software, the listed company has filed a document with the Securities and Exchange Commission (SEC) indicating an agreement providing a substantial sale of shares to possibly finance the purchase of bitcoins additional.
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Egypt โ Jail Sentences for Cryptocurrency Users?
Some countries do not fail to recall their hostility to cryptocurrencies. This is particularly the case for States where Islamic law is applied, since they are considered there as not in accordance with their principles. In this context, the Central Bank of Egypt recalls that all activities related to cryptocurrencies are prohibited, including the simple fact of holding them. And anyone who does not respect it, exposes themselves to โ severe โ sanctions.
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Ethereum โ The main scams to avoid in relation to The Merge
The next pass of the Ethereum blockchain Proof of Stake (PoS) can now be counted in hours. A step The Merge which fuels a lot of speculation about the future of ETH and the prospects of this central network of the cryptocurrency ecosystem. But alongside this palpable excitement, certain measures must be taken so as not to turn this historic event into a nightmare. Because there is no doubt that digital scammers are in the starting blocks to trap beginners or distracted users in their nets.. Here are some of the main pitfalls to avoidโฆ
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Top 20 โ Which countries are at the forefront of cryptocurrency adoption?
In this bear market period, it is difficult to broach the subject, which is nevertheless central to the adoption of cryptocurrencies. Especially if it consists in comparing the data of this sector to the emergence ofInternet at the beginning of this millennium. Because even if it allows to get a general idea, these two universes are resolutely different. With the main point of difference, the clearly monetary and financial nature of this new digital economy. A specificity that allows it to record a more significant evolution pattern in โlower middle-income countriesโ. But where is France located? Response elements with this report drawn up by the blockchain analysis structure chain analysis.
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Analysis โ Record level on Altcoins vs Bitcoin!
This week’s technical analysis will more specifically address the situation of the Bitcoin. For all that concerns The Merge stage of the Ethereum blockchainthe easiest way is to watch the video from last week which offers a complete analysis of this historic event. This is to know whether or not to buy ETH before this date..
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