1st things first, you all know the big news, let’s say it together: Ethereum (ETH) went through The Merge! Speaking of which, check out why The Merge may create a huge centralization problem, why it matters for Ethereum’s health that Lido thrives as a censorship-resistant entity, what awaits the miners along with the top 5 trends shaping cryptocurrency mining future, and why cloud mining is set to remain profitable for the coming years.
Bitcoin (BTC) price may be nearing a bottom, and though it suffered a substantial fall overnight, it may likewise pump again, and Bitcoin (BTC) mining difficulty went up for the fourth time in a row. ETH moved up against BTC, while the investment was the primary focus of outflows in terms of digital investment funds. Solana (SOL) went up this week, Ravencoin price went up on Ethereum (ETH) Merge effect, Celsius jumped 17 percent as news broke that the company is exploring new business areas, Web 3.0 domain names were overtaking Apes in volume of trading on OpenSea, and deal financial resources financing for non-fungible token(NFT) and gaming corporations within cryptocurrency rose by 66 percent in August. Algorand admitted it had shed USD 35 Million in the Hodlnaut implosion, and Amazon cryptocurrency crypto token prescale scam trended yet once more, while conspiracy theorist Alex Jones is accused of channeling Bitcoin (BTC) donations into his own accounts.
While CEO Alex Mashinsky aims to revive Celsius as a custodian, LMAX Group CEO David Mercer stated institutions are still investing big in digital assets regardless of cryptocurrency winter, fidelity Assets is reported to be planning to attract Bitcoin trading to its 34.4m brokerage clients, Starbucks is diving into Web 3.0 and non-fungible token’s (NFT) with intends to launch Starbucks Odyssey, south korean cryptocurrency and blockchain tech startup Blocko is aiming for the KOSDAQ and could become the nation’s 1st publicly listed company, while the number of South Korean 20- and 30-something cryptocurrency buyers ‘nearly tripled’ since 2020.
In the meantime in South Korean, prosecutors announced an arrest warrant for Do Kwon, the co-founder and CEO of Terraform Labs, as they are looking into whether Terra (LUNA) Luna Classic or LUNC can be considered a security, and the authorities stepped in to void Kwon’s passport and expedite his deportation from Singapore. The country likewise tracked USD 1bn worth of fraudulent cryptocurrency transactions this year.
As Japan’s financial services agency released a series of financial administration policy recommendations with numerous mentions of crypto-related matters, in the United States, the treasury Department stated that the sanction does not affect the rights of individuals to view and disseminate the open-source Tornado Cash code, the SEC is set to create a new office to handle the review of company filings related to cryptocurrency assets called the Office of Cryptocurrency Assets, the SEC chairman Garry Gensler revealed he wants the agency to cover numerous cryptocurrency industry entities with regulations that apply to securities, while Gurbir Grewal, the director of the enforcement division, reiterated that the cryptocurrency industry should not expect to get a pass from the SEC. As all of this was happening, Coinbase crypto exchange launched a new tool for users to learn about how their elected officials view cryptocurrency.
That’s the latest information for the week, now let’s laugh at some well-deserved jokes.
Good Saturday morning, cryptocurrency twitter! How are you doing?
Apparently hella high. 😶
…. 😁 ….
Europeans: “You mean ‘get up’ for The Merge?”
A veteran hodler.
Any time of the month is that time of the month.
Which one’s yours?
There’s always the dippity dip after the dip. It’s science.
The answer is essentially very simple: no.
I’m thoroughly terrified of this creature.
And for the end of the Meme Coin section, some Meme Coin reflection – with truth in plain sight.
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