Key facts: Bitcoin closed the week higher and is now over $22,000 In the next few days, 4 important events will occur for the cryptocurrency market. The price of bitcoin (BTC) seemed to be falling apart in the middle of the last week, when it reached as high as $18,660, but the close was positive. At the time of this publication, each unit of BTC is trading at 22,112 USD, as can be seen in the CriptoNoticias Price Calculator. The rest of the cryptocurrencies, in general, followed BTC and also showed signs of recovery after several weeks of numbers in the red. Of all of them, in the news of the last days Ether (ETH) and its Ethereum network stood out, which is days away from experiencing the Merge and moving to version 2.0.
The death of Queen Elizabeth II was part of the news covered by this medium. It is that many took advantage of the news to launch non-fungible tokens (NFT) alluding to the fact. Some of these NFTs are simply associated with photographs of the late queen, without any added artistic value.. In relation to the latter, KPMG (audit and tax firm) ensures that more countries will adopt bitcoin like El Salvador did. According to this company, what happened in the Central American nation “provoked a growing interest in the use of cryptocurrencies to exercise sovereignty and move away from the use of currencies such as the US dollar.”
The Ethereum Merge was the main topic of the technological news of the last week. It is that on September 6, Bellatrix was activated, the last update before the long-awaited merger. Bellatrix will monitor the difficulty bomb, which will make mining more and more difficult until it is impossible to continue with that activity and it goes to proof of participation (PoS). That last one would happen between Tuesday and Thursday of this week. Also Bitcoin continues to develop. CoinCorner launched a app that makes it easy to create scheduled or recurring payments on the Lightning Networksuch as payroll or subscription services. If you want to know the meaning of several words of the terminology of the crypto world, you can consult them in the extensive Glossary of CriptoNoticias. Here’s a little sneak peek with the word “Scalability.”
Scalability: property of a computer network —including blockchains— that indicates its ability (or not) to adapt to the growing number of users and their needs and to evolve smoothly.