Bitcoin and Ethereum jump to the highest level in over a month

Ethereum - cryptocurrency related to blockchainem Ethereum - increased in popularity thanks to the news of The Merge and its initial market entry date. The cryptocurrency, after plunging close to $ 1.000 last week, jumped above $ 1.400 - its highest level in more than a month.

Bitcoin Meanwhile, it also hit its all-time high with $ 22 this morning in a rally similar to Ethereum. At its weakest point last week, the bitcoin token was below $ 000 on the eToro platform, but seems to be making significant gains.

The reversal of recent surrenders in the cryptocurrency space is a very positive indicator. It suggests that the value realized by investors still exists as new information and cycles gain power.

The events of the last few days have shown that cryptocurrencies are moving above the equity profit line, with major indices relatively flat. While this may not be a disconnection of recent mirror scores, divergence in the long run can mark a significant change.

Ethereum jumps due to The Merge date

The price of Ethereum has jumped on news that The Merge blockchain Ethereum now has an tentative date to market. The price of Ethereum started soaring on Thursday as the Ethereum Shadow Fork entered the market.

This fork was the latest in a series of tests of the upcoming Ethereum "merge" and was deployed to test updates on a more intensive network. The final test is now pre-entered on August 11, and the main network connection is - scheduled for September 19.

The positive price jump was directly correlated with the spread of news about the successful test. It is a good indicator of investor sentiment around The Merge, which was announced as the most groundbreaking for blockchain and its associated token.

The move to a proof-of-stake network has the theoretical potential to make Ethereum deflationary, and investors seem to be setting their positions on the back.

Polygon selected for the Disney Accelerator program

Blockchain Polygon has been selected for the Disney Accelerator program - a business development program aimed at highly innovative ventures. In its announcement, Disney announced that in its latest round, it wanted to focus on augmented reality, NFT and Web3 technology.

It is extremely encouraging to see that a company with such a huge cultural impact as Disney is stepping into the development of companies that are champions in this subject. We have seen many times that despite market opposition, major players are still willing to support and develop new projects, which is a true indicator of the sector's potential.

Polygon will benefit from the input of an experienced and knowledgeable company that knows how to make the most of digital and creative media. A company that provides blockchain technology to build decentralized applications (DApps), using MATIC cryptocurrency, it already has many projects in its chain focused on entertainment, sports and games that will greatly benefit from Disney's input. 

UK courts approve NFT subpoenas

Court papers released to the public last week show that a British judge has authorized service of legal documents as an NFT via blockchain. This event gives a cursory glimpse of what NFT technology she is able to do beyond the already popular digital art with which she has recently been identified.

The NFTs rose in popularity in 2021 thanks to large collections such as Bored Apes Yacht Club (BAYC), which independently spawned the Apecoin cryptocurrency. But valuations were hit hard during the economic downturn, leaving many doubts questioning the usefulness or popularity of the technology.

However, delivering documents via NFT on the blockchain points to a fascinating area for NFT that still remains to be explored. In fact, anything can be turned into an NFT: be it documents or certificates of ownership for everything from real estate to traditional stocks. The court authorizing the use of NFT in this context is a fascinating precedent and highlights the fact that this space has great potential for the future.