🚀 Ethereum Classic rallies as ETH prepares for a major upgrade

🚀 Ethereum Classic rallies as ETH prepares for a major upgrade 🤡 Vitalik calls Michael Saylor a “total clown” 🇭🇰 Hong Kong, the US, and Switzerland are the most crypto-ready countries

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🚀 Ethereum Classic rallies as ETH prepares for a major upgrade🤡 Vitalik calls Michael Saylor a “total clown”🇭🇰 Hong Kong, the US, and Switzerland are the most crypto-ready countries

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Ethereum Classic rallies as ETH prepares for a major upgrade

Ethereum Classic (ETC) has seen a surge in interest from cryptocurrency investors in recent weeks, as ETH prepares for a major upgrade.

The interest is highlighted by the significant capital inflow into the token, which has seen its market capitalization grow by 46% in just a week. The value of the token has also seen a corresponding surge, with gains of over 50% in a matter of days.

Ethereum Classic, as its name suggests, is the original Ethereum blockchain. Current ETH fork occurred in 2016 after a major hack and the two chains have since operated independently, with ETC focusing on immutability and maintaining the original vision of Ethereum as a decentralized platform.

In recent months, Ethereum Classic has been gaining traction as a viable alternative to Ethereum. The token has seen increasing adoption by businesses and organizations, including major exchanges like Coinbase and Binance.

The upgrade will bring a number of improvements to the Ethereum network, including increased scalability and security. It is also designed to make it easier for businesses to build on the platform.

For investors, the Merge upgrade presents an opportunity to get in on the ground floor of what could be a major shift in the Ethereum ecosystem. Ethereum Classic is well-positioned to benefit from the upcoming Merge upgrade, and the influx of interest from investors highlights the potential of the platform.

Vitalik calls Michael Saylor a “total clown”

On Sunday, Ethereum creator Vitalik Buterin called out Bitcoin maximalist Michael Saylor for his recent comments about U.S. securities laws and their application to the crypto space. Saylor, who is the Co-Founder, Chairman, and CEO of MicroStrategy, has questioned the soundness of Ethereum, both in terms of its technical development and its ethics. In response, Vitalik took to Twitter, asking: "Why do maximalists keep picking heroes that turn out to be total clowns?"

Buterin was referring to Saylor's comments during an interview on Economy Istanbul Wednesday last week in which the MicroStrategy CEO said that Ethereum "doesn't look like it's going to be completed or stable for another 36 months" and implied that the project wasn't "technically" and "ethically sound".

To answer Vitalik's question - to me it's like they're just looking for someone to let them down. First it was Roger Ver, then it's John McAfee and Saylor. Who's next? Charlie Lee? Satoshi Nakamoto? We can only wait and see.

In all seriousness, though, it's sad to see how someone can be so dismissive of a project that has done so much good for the crypto space. Ethereum has given rise to numerous projects and innovations, and its community is one of the most vibrant in the space. To write it off like that is just ignorant.

It's even more disappointing coming from someone like Saylor, who should know better. He's been in the space long enough to see Ethereum grow from strength to strength, and yet he still chooses to denigrate it.

Hong Kong, the US, and Switzerland are the most crypto-ready countries

Hong Kong is now the most crypto-ready nation in the world. This is according to the latest worldwide crypto readiness report, which looked at factors such as the number of blockchain startups in each country, digital asset legislation and taxation rules, the number of ATMs, and interest in the industry per capita.

As a result, Hong Kong came out on top as the most crypto-friendly jurisdiction. The local government is quite open to the sector and does not impose taxes on investors and businesses that generate profits from trading digital currencies. Thanks to its small area, the density of crypto ATMs is also among the highest, with two machines for every 100,000 people.

United States, previously the leader in the crypto race, collected a measly 7.7 points. The country has over 33,000 crypto ATMs, meaning there are ten devices per 100,000 people. Switzerland followed with a result of 7.5 points. The nation, renowned as one of Europe’s financial hubs, does not tax crypto gains and is home to numerous blockchain startups.

In any case, it’s good to see that the global crypto industry is becoming more competitive and that Hong Kong is leading the way.