Week in review: September 16 2022 – Ethereum completes long awaited ‘merge’ upgrade!

Written by Robby Ramos
on September 19, 2022
Week in review: 16 September 2022 - Ethereum completes long awaited 'merge' upgrade!

In this week’s newsletter:

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Crypto News From Around The World

Ethereum Completes Long-Awaited Energy-Saving ‘Merge’ Upgrade

BNN Bloomberg September 15, 2022
Ethereum has completed a key revamp of its network, marking the crypto world’s most-ambitious software upgrade to date and paving the way for changes that could fuel more usage of the commercial blockchain.
The change replaced power-hungry computers that were used to order transactions on the network with a more energy-efficient setup using piles of the network’s native token, Ether, placed in special, so-called staking wallets.

The Ethereum Merge Is Done, Opening a New Era for the Second-Biggest Blockchain

Coindesk | September 15, 2022
Today’s breakout, however, pushed the price of Bitcoin to $20,808 by press time, a level not seen since August 26, according to data from CoinMarketCap. The bullish price action also helped to propel the cumulative market capitalization of all cryptocurrencies back above the $1 trillion mark, with Bitcoin currently dominating 38.5% of the market.

Bitcoin, Ethereum Technical Analysis: ETH Hits 3-Week Low as Bearish Momentum Increases Following The Merge

Bitcoin (BTC) fell further below $20,000 on Friday, ahead of next week’s expected interest rate hike by the U.S. Federal Reserve. BTC/USD dropped to an intraday low of $19,625.22 in today’s session, taking prices closer to a support of $19,300.

Ethereum (ETH) was once again in the red in today’s session, as the token dropped to a two-week low. Following a peak of $1,594.54 during yesterday’s session, ETH/USD fell to a bottom of $1,451.56 earlier today.

How the Blockchain Can Justify Sustainability Efforts in the Fashion Industry

ALT 5 | September 15 , 2022
If you haven’t heard, blockchain technology uses the method of recording information in a way that makes it impossible to hack and manipulate in any way. The information is stored on a digital ledger (database) within a decentralized peer-to-peer network. In other words, random computers worldwide authenticate anything that enters the blockchain to receive a small fee originating from the transaction. This ensures the process is decentralized and legitimate.

Robby Ramos

Robby Ramos

Director of Digital Marketing | Bridging the gap between digital assets and financial institutions.