Summary of the news
25 Sep 2022 – 09:00
Here is a new edition of the news digest of the Finax.in site for the week of September 17 to 23, 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
Sociรฉtรฉ Gรฉnรฉrale in turn offers a crypto custody service
The French bank Societe Generale, is not new to the world of digital assets and blockchain with its SG Forge division. And she just announced the launch of a cryptocurrency custody service. The latter aimed at asset managers trying to meet a growing demand for cryptocurrency exposure among investors.
Societe Generale promises a โsimple and adaptedโ experience which will facilitate the creation of dedicated funds โwithin the European regulatory frameworkโ.
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The State of Colorado introduces the payment of taxes in cryptocurrencies
Awaited throughout the year by Colorado residents, the state has finally decided to take the plunge. He has just legalized the payment of taxes and duties in cryptocurrencies. In accordance with what was announced last February. However, the measure had been delayed because of the reluctance of some politicians, who found no interest in this legalization.
Remember that this new possibility was pushed from the start by Colorado Governor Jared Polis. Through this initiative now in place, he distinguished himself and made Colorado the first American state to accept cryptocurrencies for the payment of taxes.
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MiCA โ New regulatory pirouette to assimilate NFTs to financial securities
It definitely seems easier to hunt bears than bulls. Because the period of shooting on sight is very clearly launched. And this in the midst of a downturn in the cryptocurrency market. With, on the “right” side of the viewfinder, regulators practicing digital scorched earth policy. And a European territory in the starting blocks. This in order to become, once again, the worst area in the world where to settle to take part in this innovation in progress.
Latest example, the processing of NFT collectionslike the Bored Ape Yacht Club. Because their “non-fungibility” is questioned under the bill Mica.
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Ethereum โ Could its ex-miners bring down the price of ETH?
It will not have escaped anyone that the Ethereum network has just entered a new era. This following the validation of its merger โ The Merge โ just over a week ago. A major event expected and “prized” by the market since the official estimate of its final date.
All of this originated froma rise in the price of its cryptocurrency ETH. But that will not last longer than the implementation of this new version Proof of Stake (PoS) of its blockchain. Could it be because of his former miners ? The latter selling their stocks of ETH accumulated during their mining activity?
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Ripple vs SEC โ Breaking the deadlock with expedited judgment
The standoff initiated between the structure Ripple Labs (XRP) and the Securities and Exchange Commission (SEC) of the United States very clearly has a symbolic meaning. And this regardless of the interest or mistrust one has in this project, best known for dividing the ranks of crypto investors.
Because it is a matter of drawing a boundary necessary for escape the will of control of this regulatory body in the cryptocurrency market. And after years of a fierce fight, the two parties finally seem to have reached an agreement: to speed things up for find a way out of this regulatory impasse.
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Analysis The Merge โ Buy the rumor and sell the news
Not much to say about the cryptocurrency market for the past week, or even a few months. The period is consolidationwhether for Bitcoin and a large majority of altcoins.
However, it seems necessary to make a point post-Merge aboutEthereum and his cryptocurrency ETHa few days after the transfer of its blockchain to Proof of Stake.
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