Ethereum is one of the most talked about altcoins in the world today. Nonetheless it is nowhere less than Bitcoin.

Talking about the Ethereum merge, it is up above all the headlines of the cryptocurrency community. Here is all the information you need to know about it and when Ethereum 2.0 will launch.

The Merge entails the combination of two blockchains—mainnet Ethereum and Beacon Chain.

The Merge, dubbed the most important upgrade in Ethereum's history, does, in fact, signal the end of proof-of-work (PoW) for the Ethereum blockchain.

Ethereum, the largest altcoin by market cap and the most popular in the NFTs and DeFi space, is undergoing a major update to solve environmental issues and other difficulties triggered by its PoW technology. The Ethereum mainnet is scheduled to combine with the Beacon Chain's proof-of-stake mechanism in 2022, which is likely to be the most highly awaited event in the cryptocurrency ecosystem.

While the merge has been updated and tested on the goreli network, suggesting this will go live on the new Goreli network, which is now merged with the Ethereum mainnet, which just goes that it will make ETH 2.0 live and the full system is going to be on the proof of stake model.

It will bring about Ethereum 2.0, the version that will be based on a proof-of-stake consensus process, and will be known as "The Merge," marking the end of the current proof-of-work Ethereum. Let's go through them in detail.

What is Ethereum 2.0 and what's gonna affect normal Ethereum coins?
Ethereum 2.0 is not a new cryptocurrency, but it is the name given to the updates coming to the Ethereum Network. As part of the initial modifications, Ethereum will combine with the Beacon Chain and switch from a proof-of-work (PoW) consensus to a proof-of-stake (PoS) consensus. Additional enhancements, like sharding, will trickle out over the next few years.

The ETH Merge, if performed effectively, will ultimately separate the rest of the cryptocurrency market from the price volatility of Bitcoin, which is something that most people don't discuss more frequently. Following the Merge, the price of ETH will soar, and this will cause the remainder of the crypto market that is linked to or partnered with the ETH ecosystem to burst simultaneously.

So What’s it in it for us?
It has MEV boost Merge Ready Flashbot Architecture…. For those wondering what it is, MEV (Maximal Extractable Value) deals with generating revenue by optimally ordering transactions (TXs) in a block. It is a rather controversial topic, as gaining value from arbitrarily re-ordering or inserting TXs in a block must not only be ‘good’ (making markets more efficient in case of arbitrage or liquidations), but also ‘bad’ (e.g. by users being front-run or the blockchain potentially being destabilized ).

What are Flashbots?

Flashbots can be categorized as a research collective specialized in the topic of MEV. Their self-imposed goal is to mitigate the negative externalities of MEV for the Ethereum blockchain and its users. Historically, the team has shown high-value alignment with the broader Ethereum community. Apart from research, they offer a variety of MEV-related products and play diverse, active roles in their external block builder network (more on this below).

What has been the impact of MEV on Ethereum PoW so far?

For the majority of users, MEV became noticeable for the first time during the DeFi summer of 2020. As on-chain economic activity and settlement value rose to unseen highs, the infamous ‘gas wars’ began: specialized bots began out-bidding each other with gas for their profitable TX bundles to be included at particular places in a block. This undesirable race condition led to chain congestion and harmed not only the user experience but the blockchain as a whole.

Staking?

Yeah sure, you can stake the existing ETH coins so that after the update you can make changes

Validators will have immediate access to the fee rewards and maximal extractable value (MEV) generated during block proposals from the execution layer or Ethereum mainnet, while stETH remains restricted for investors until withdrawals are resumed after the Shanghai upgrade.

The fee reimbursement will be available to the validator right away because it won't be made up of newly issued tokens.

So can we see this merge as an opportunity to stake and HODL investors what do the traders say?

Well, Some investors may have been confused by what seems to be two versions of Ether, the native cryptocurrency of the Ethereum Network, on CoinGabbar and other well-known cryptocurrency exchanges. Users stake their Ethereum, which is transformed from ETH to ETH2 and has the same price for both. These two forms of Ether will be merged into a single token in the so-called “Merge”.

What is the Merge and its effects on Ethereum's environment?
The Merge is the point at which the two systems—the Beacon Chain, which runs on PoS, and Ethereum's current mainnet, which runs on PoW—join. Proof-of-stake will thereafter completely replace the PoW consensus algorithm.

The Beacon Chain and the existing PoW mainnet will join during the forthcoming Merge, which will move all of Ethereum's historical data to the new chain. For an ecosystem the size of Ethereum, a complete shift in consensus would have profound political and technical specificities.

Ethereum has been operating two parallel blockchains since April 2022: the main chain that uses proof of work and a test chain that uses proof of stake. Through the merging, the old Ethereum Mainnet blockchain (ETH1) and the brand-new Beacon Chain (ETH2) will be combined into a single, integrated blockchain.

The Merge is the union between Ethereum's new Beacon Chain proof-of-stake consensus layer with its current execution layer (the Mainnet which is currently used). This is designed to manage the energy mining operation while simultaneously employing staked ETH to secure the network. A promising step toward achieving the increased scalability, security, and sustainability goals of Ethereum.

While there are many repercussions for about that we can see that the ETH trading signals on ETH merge will indicate people in short-term trading.

Given that Beiko previously declared that the significant upgrade will occur on (or close to) his proposed date of September 19 if the final merge trail runs went through successfully, there is growing confidence that the eagerly awaited Ethereum mainnet merge with the PoS-based Beacon Chain will proceed without a hitch.

The Merge will drastically lower Ethereum's energy usage while advancing the network's long-term scalability, security, and sustainability goals. This upgrade is regarded as one of the most significant in blockchain history.

After the Merge is complete, the multi-phased sharding upgrade will be the following big milestone. This upgrade will greatly improve the distribution of data storage requirements, enabling rollups to be even cheaper, and making rollups more efficient, as stated by their team.

The yearly energy usage of Eth is presently comparable to Finland's, and its carbon impact is comparable to Switzerland's. Thankfully, the merger is anticipated to cut Ethereum's carbon footprint by up to 99.95%, resolving one of the cryptocurrency's primary objections, as there will be no more Eth mining.

How would investors trade in Ethereum?
On September 15 and 16, Ethereum is expected to undertake its long-awaited shift from proof-of-work (PoW) to proof-of-stake (PoS), with traders and analysts eagerly awaiting the results for possible trading strategies.

To keep it in their exchange wallet or any other platform that will support the forked tokens, traders can purchase Ether (ETH) on the spot market. Users of Bitcoin received the same amount of Bitcoin Cash (BCH), which sold for $1,650 per token, in 2017, when Bitcoin was forked into Bitcoin Cash (BTC). BCH's value reached a peak of $800 during the bull market of 2021. Exchanges that allow hard forks would be the best places to sell PoW coins from those platforms if its users decide to ignore the Merge.

What most people don't talk about more often is that the ETH Merge will finally decouple the rest of the crypto market from the price volatility of  Bitcoin when it's successfully implemented. The rest of the crypto market that is directly connected or paired with the ETH ecosystem will explode in unison with the rise of the price of ETH after the Merge.
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As the cryptocurrency industry grows, so does one important component of it that is increasingly being used by businesses and individuals seeking new methods to engage with their customers.
As per data published on September 6 by trademark and patent attorney Michael Kondoudis (The Law Office of Michael E. Kondoudis), the number of cryptocurrency-related trademarks in the United States has topped 3,600 between January 1 and August 31, 2022.

Interestingly, the total number of crypto trademark submissions for the entire year 2021 was 3,516, which is much fewer than the actual number of patents filed with the US Patent and Trademark Office (USPTO) so far this year, which is 3,899. Given that the data is available till the end of August. More applications are likely to be submitted during the next four months.




After peaking in March with 604 new trademark applications, the number of new trademark applications in the United States has been declining steadily month after month in accordance with the cryptocurrency market, concluding in August with 329 applications.

Metaverse and NFT trademark filings

Elsewhere, non-fungible tokens (NFTs) are also increasingly being used by organizations and individuals who want to reach out to clients while also aiming to benefit from the value provided by digital artworks. Although NFTs are still in their infancy, most organizations are emphasizing trademarks as a measure of product protection.

So far in 2022, over 5,800 trademark applications for NFTs (and associated goods/services) have been submitted to the USPTO. Similar to crypto-related trademarks, the highest number of new applications were made in March 1,078, and they likewise followed a falling progressive pattern.
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Global cryptocurrency taxation standards differ significantly between nations, and some governments have enacted extremely stringent crypto tax policies for their citizens.
According to a new study conducted by crypto analytics firm Coincub, Belgium is the worst country in the world in terms of cryptocurrency taxation for citizens. This is based on internal rankings encompassing taxation issues such as taxes on cryptocurrency income and capital gains.

Belgium is well-known for its 33% capital gains tax on cryptocurrency transactions, as well as withholding up to 50% of professional income from crypto trades. As previously reported, Belgium enacted strict crypto taxation legislation in 2017.



According to Coincub's tax rankings, nations like Iceland, Israel, the Philippines, and Japan are less appealing to cryptocurrency investors.

According to the study, cryptocurrency earnings of up to $7,000 in Iceland are taxed at 40%, while higher gains are taxed at 46%. Under Israel's tax structure, the sale of cryptocurrency is normally subject to a capital gains tax of up to 33%. However, if crypto trading is subject to a business income tax, it could be as high as 50%.

In the Philippines, any crypto income under $4,500 is tax-free, while any income above that is taxed at a rate of up to 35%. The country's government has also been mulling additional crypto taxes by 2024, increasing fears that Manila may follow India's lead and levy a 30% flat tax on all crypto profits.

In Coincub's rankings, Japan closes the top five worst countries for crypto taxation for citizens. The government has a progressive tax rate scheme for income classified as miscellaneous income. The tax rate ranges from 5% to 45%, depending on overall profits.

Among other strict crypto tax economies, Coincub highlighted countries like India, Austria, the US, Norway, Denmark, and France.

The study, on the other hand, identified a number of nations that offer tax-efficient incentives to people and have significantly more favorable crypto tax regulations.



According to the rankings, Germany is the healthiest country for crypto investors since anyone who holds cryptocurrency for at least a year incurs no capital gains tax when selling or converting their crypto. Other crypto-friendly nations include Italy, Switzerland, Singapore, and Slovenia.

Furthermore, Coincub mentioned traditional tax havens or nations that offer international firms and individuals minimal to no tax liability for their financial deposits, and crypto is no exception. Among those, the study listed The Bahamas, Bermuda, Belarus, the UAE, the CAR, Lichtenstein, and others.

Coincub underlined that crypto taxation is dynamic, with new legislation emerging on a regular basis. The firm also stated that a growing number of governments implement flat tax rates on individual gains in order to simplify taxation.
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Monochrome Asset Management in Australia has landed the country's first Australian financial services license (AFSL) for a spot crypto exchange-traded fund (ETF).
Speaking to sources, Jeff Yew, CEO of Monochrome Asset Management, said that the AFSL certification is noteworthy since licensed crypto ETFs in Australia have only operated under general financial asset authorization and only indirectly own crypto-assets up to this point.

Yew pointed out that Monochrome's crypto ETFs, on the other hand, would hold the underlying crypto-assets directly and are officially authorized to do so by the Australian Securities and Investments Commission (ASIC).

According to the Monochrome executive, the approval is a big step forward for both the advisory industry and retail investors:

“We believe that having options is beneficial to investors, especially when dealing with regulated space, because not all offerings are made equal.”

Investors in Monochrome's ETFs will know that their funds are investing directly in Bitcoin (BTC) and Ethereum (ETH), and that they are doing it within the regulatory framework developed by ASIC specifically for crypto-assets, he added.

At this stage, there is no specific date set for the launch of the Monochrome Bitcoin ETF (IBTC), but it is likely in September 2022, once the PDS and TMD are released and subject to regulatory approvals.

When the ETFs are launched, Yew says Monochrome will concentrate on BTC and ETH since they are the only two crypto-assets now designated by ASIC as eligible for retail ETF investment.

“As time passes and the industry matures, we will be more receptive to introducing new items.”

A first for a crypto ETF

According to Yew, operating under an Australian Financial Services Licence (AFSL) with a direct crypto-asset authorization means that the fund and the issuer are subject to ASIC's rigorous monitoring.

AFSL licensing brings up new regulated investment alternatives for direct retail investors and registered financial advisors.

The approval of the Australian Financial Services Licence variation implies that ASIC has evaluated and validated that the licensee has the necessary crypto-asset experience to run ETFs that directly hold BTC and ETH.

This provides investors with additional safeguards based on ASIC's Report 705 such as appropriate benchmarking against the spot price and Australian-compliant custody solutions.

Road to approval

Former Binance Australia CEO Jeff Yew founded Monochrome Asset Management in early 2021 to promote institutional adoption of crypto assets in Australia. Their ETF strategy has been in development since February 2022.

Generally, the process for changing a financial services license normally takes six to twelve months, which was the timeline in this case.

The price movement of Axie Infinity (AXS) reveals a bull cycle gathering strength within the consolidation area with potential to cross the $20 level.
However, the choppy market circumstances cast doubt on the continuation of the positive trend and hint at the probability of an early bearish reversal. So, should you think about adopting an optimistic stance while ignoring the general market trend?

If the AXS price breaks through the $15 barrier level, it might rise to $20. Reversal from the $15.27 or $17 may lead to a new test of the $12.77 bottom support. The Axie infinity (AXS) coin's intraday trading volume is $167.2 Million, representing an 81.26% gain.

Axie Infinity (AXSprotracted )'s consolidation range between $12.77 and the overhead resistance of $20 is visible on the daily chart. Additionally, a sell-off in the cryptocurrency market coincided with the most recent bear cycle within the consolidation area, which caused a price decline to $12.77. As the AXS prices surpass the 20-day EMA and recapture the $15 level, a bull cycle is once again gaining steam.

A bullish engulfing candle with 8% growth is currently testing the $15.27 resistance level in the price action. Short-term purchasers might therefore anticipate that the bullish breakout of $15.27 will lead to the subsequent horizontal milestone at $17. However, a sharp uptick in selling pressure at $15.27 or $17 may trigger an early bearish reversal that could send prices back to the bottom support level of $12.77.

Technical indicator
According to the DMI Indicator, the bullish crossover results from the DI lines crossing over the bearish gap, reflecting an increase in the underlying bullishness.

Additionally, a surge in the underlying bullish feelings is reflected by the RSI slope, which shoots up above the 14-day SMA to challenge the halfway point.
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Levels of resistance: $15.25 and $17

Levels of support: $12.75 and $10

On Friday, Bitcoin (BTC) was trading above $20,000 as markets responded to the latest monthly jobs report. Last month's payrolls reached 315,000, above the average estimate of 300,000.
Following the release of the data, BTC/USD rose to an intraday high of $20,444, less than a day after touching a low of $19,755. Looking at the chart, the increase brings bitcoin closer to its recent resistance level of $20,600, as market concern has subsided.

Bitcoin has been unstable throughout today's trading session as the price of BTC hits important resistance levels. The top cryptocurrency by market cap reacted positively to macroeconomic factors, but as the weekend approaches, low levels may create price fluctuations.

According to price analysis, Bitcoin (BTC) is trading at $19,950, flat 0.00% in the previous 24 hours and 8% in the last week. The cryptocurrency had strong price action after the United States released crucial economic data, but the rise was short-lived as BTC fell below a cluster of selling orders at around $20,500.

The next major resistance lies between $20,500 and $20,700. A clear break above the $20,500 resistance level might push the price up to $21,200. Any further gains might trigger a steady move towards the $22,000 resistance zone.

If bitcoin fails to break through the $20,500 resistance level, it may fall further. On the downside, there is immediate support at $19,850. The next major support is at $19,550. The major support is located at $19,500. A break below the $19,500 support level might trigger a sharp decline below $19,000.

KEY LEVELS :

RESISTANCE LEVEL : $20100-$20500

SUPPORT LEVEL : $19600-$19200

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