Market Analysis Report (18 Jul 2022)

Ethereum’s long-anticipated transition from an energy-intensive proof-of-work (PoW) consensus mechanism into a more efficient Proof-of-Stake consensus, has been projected to occur in September.

Paraguay’s Senate has passed a bill setting up a new licensing for cryptocurrency trading platforms and new rules for miners, among other areas. The bill is now headed to the country’s president for approval.

Spot and derivatives trading volumes reach record lows for 2022 in June, with spot trading volumes across all centralized exchanges falling 27.5% to $1.41 trillion, the lowest figure recorded since December 2020.

Sponsored: During a bear market, the last thing you’d want to do is sacrifice security for convenience or returns. With the past months serving as a reminder of that, it’s time to choose a company that does things right. Nexo is a platform where you can buy, exchange and spend the value of your crypto without selling.

Top stories in the Crypto Roundup today:

  • Ethereum Merge Projected for September
  • Paraguay’s Congress Passes Bill Regulating Crypto Mining and Trading
  • Crypto Spot and Derivatives Volumes Reach Record Lows for 2022
  • Sponsored: Nexo – Unleash the Power of Your Crypto

Source