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The Ethereum 2.0 network is still waiting for the first update

Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, XRP/USD, cryptocurrency, The Ethereum 2.0 network is still waiting for the first update

Bitcoin, Ehtereum and XRP forecast for today, September 30, 2021

The price of bitcoin has dropped to around $4,1200. Ethereum reached the level of 2800, and the price of XRP slightly strengthened to the price value of 92 cents. The total capitalization of the digital currency market was 1.83 trillion dollars.

The Ethereum 2.0 network is waiting for the first update since the launch of the network in December last year. The Altair update is scheduled for October 27. It is planned that it will simplify control over the state of the central chain, solve some problems with incentives for validators and set penalty parameters for node inactivity and other violations to ensure the economic stability of Ethereum 2.0. Altair will also allow testing the update mechanism in the main network before more serious changes, including before merging with the existing network on the Proof-of-Work consensus mechanism. After the update, in December, the existing Ethereum network is waiting for another deactivation of the complexity bomb. The mechanism will help stimulate the transition to the updated blockchain by rapidly increasing the complexity of mining, but Ethereum 2.0 is not yet ready for a full-scale release.

Switzerland continues to follow the path of adopting cryptocurrencies. The country's financial regulator has for the first time approved the launch of a cryptocurrency fund on an index consisting of ten crypto assets. The fund was launched by the Swiss asset manager Crypto Finance and a large investment management firm. The custodian is SEBA Bank, which received a license to store digital assets this week. FINMA stated that the new fund is intended only for qualified investors. The purpose of the index is to reliably assess the dynamics of the largest liquid cryptocurrencies and tokens and provide an investment benchmark for this asset class. Recall that in February FINMA began to tighten cryptocurrency regulation. In accordance with the new rules, users of digital currencies will be required to undergo identification when performing transactions with crypto assets worth more than $1,000.

The forecast assumes a decline in bitcoin to the levels of $41,000, $40,500 and $40,000. Ethereum will fall to the supports of 2780, 2750 and 2700 dollars, and XRP will fall to the levels of 90, 87 and 85 cents.

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