Strengths
Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Terra LUNA, rising 216.98%.
Ether is outperforming the broader crypto market as the latest software update to the Ethereum network kicks off one of the last legs of the long-anticipated transition of the blockchain to a more energy-efficient process, reports Bloomberg. The latest upgrade to the Ethereum network, known as Bellatrix, was activated at around 7:35 a.m. New York time. It officially kicks off the blockchain's transition from proof of work to proof of stake, the article continues.
Thailand will establish a working group to study improving supervision of digital assets to enhance investor protection and follow international standards, according to the Securities and Exchange Commission. The group will consist of representatives from agencies including the finance ministry and Bank of Thailand. Improving supervision will help prepare for fast changes in the digital asset market,...
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