☕ Starbucks partners up with Polygon for a new loyalty program that involves NFTs

☕ Starbucks partners up with Polygon for a new loyalty program that involves NFTs 🔨 Canadian PM Trudeau calls out conservative party for its pro-crypto views 🤔 Ethereum PoW chain announces plans for mainnet after the Merge

GM, vEmpions! Leo Tolstoy once said: "If you want to be happy, be." And that's how we feel today because we're surrounded by so much happiness, we don't even know what to do with it. We're happy because the sun is shining, the birds are singing, and life is just beautiful. But sometimes, all this happiness can be overwhelming, and we just need a break from it. So take a break with us for a moment and read up on what's been happening in the space:

☕ Starbucks partners up with Polygon for a new loyalty program that involves NFTs 🔨 Canadian PM Trudeau calls out conservative party for its pro-crypto views 🤔 Ethereum PoW chain announces plans for mainnet after the Merge

Starbucks partners up with Polygon for a new loyalty program that involves NFTs

This one is for all you coffee loving hipsters out there: Starbucks is partnering with Polygon to launch a new loyalty program called Starbucks Odyssey. The program will allow customers to purchase or earn digital assets, which in turn will unlock exclusive rewards and experiences.

The digital assets will be collectable stamps that are in the form of NFTs. However, it's unclear what these "exclusive rewards and experiences" will be. Will customers be able to redeem their NFTs for a free cup of coffee? Or maybe a discount on their next purchase?

Either way, it's clear that Starbucks is trying to cash in on the current craze surrounding NFTs. And with Polygon's help, they just might succeed.

The weekly chart shows that MATIC has finally broken out from the long-term descending resistance line that has been in place since the all-time high. This is a crucial development, as such breakouts usually lead to sustained upward movements.

However, while the price has increased considerably, the weekly RSI has yet to break out from its bearish divergence trend line (green line). This would be required in order for the bullish reversal to be confirmed. Moreover, this would also cause an RSI increase above 50.

Thus, while the recent breakout is a positive development, it is not yet enough to confirm a lasting bull market.

Canadian PM Trudeau calls out conservative party for its pro-crypto views

The newly elected leader of Canada's Conservative Party is a fan of cryptocurrency, and the Prime Minister of Canada is not happy about it. In a series of tweets, Justin Trudeau said that his party will continue to work with members of the Conservative Party but won't shy away from calling out "questionable, reckless economic ideas" they present.

Trudeau was likely referring to Pierre Poilievre, who has been very vocal about his support for cryptocurrency. In a recent interview, Poilievre said that he supports crypto and thinks that it has a lot of potential.

"Telling people they can opt out of inflation by investing in cryptocurrencies is not responsible leadership. Fighting against life-saving vaccines is not responsible leadership. Opposing the pandemic supports that saved jobs and helped families is not responsible leadership." said Trudeau.

This is not the first time that Trudeau has taken shots at the Conservative Party's economic policies. In a speech last year, Trudeau said that the Conservatives "have no real plan" and that they are "just making it up as they go along."

It looks like the gloves are off and the battle of the economic ideologies has begun. Who will come out on top? Only time will tell.

Ethereum PoW chain announces plans for mainnet after the Merge

The Ethereum PoW chain has announced its plans for the mainnet after The Merge takes place. It has also published information on preparing full nodes for ETHW.

The team behind the Ethereum PoW chain is very excited about The Merge and is looking forward to implementing it on the mainnet. However, they are also aware that there are some challenges that need to be addressed first. In order to make sure that the mainnet is ready for The Merge, the team has published a list of things that full nodes need to do in order to prepare.

The most important thing for full nodes is to update their software. The team behind Ethereum PoW has released an updated version of the full node software, which is compatible with The Merge. Full nodes need to update their software in order to continue running on the mainnet after The Merge.

In addition to updating their software, full nodes also need to make sure that they have enough storage space for the blockchain. The Ethereum PoW chain is much larger than the Ethereum network and will require more storage space. Full nodes that do not have enough storage space will not be able to participate in The Merge.

The team behind Ethereum PoW is also working on a way to reduce the amount of data that is sent over the network. They are working on a compression algorithm that will reduce the size of the blockchain. This will reduce the amount of bandwidth that is required for full nodes.

The launch of Ethereum PoW mainnet will take place within 24 hours after The Merge. There will be a timer viewable 1 hour before launch. The initial mining difficulty will not be lower than approximately 220 T, or a hash rate of 15 TH/s. The mainnet itself will start at The Merge block height plus an additional 2048 empty blocks. This is to make sure that the chain ID switches to 10001 successfully and the chain is the longest chain of ETHW.

Is ETHPOW going to ever succeed? According to experts (and common sense), the answer is a big, fat, no. However, some should still look for an opportunity to buy low and sell high.