[Weekly News] the 5th week of Nov.

Hello! It is ReapChain.
Let’s find out about the hottest bitcoin and cryptocurrency news for the 5th week of November!

Ethereum core developer “Shanghai hard fork, ideal for March next year.”
Ethereum (ETH) core developer Tim Beiko recently tweeted, “At the Ethereum Developers’ Meeting held on the 24th, the Ethereum improvement proposal to be included in the Shanghai hard fork and the timing of application were discussed. A consensus on the timing has yet to be reached, but the majority agreed that a hard fork in March next year would be ideal.” Tim Baiko added, “The final specifications of the Shanghai upgrade are expected to be finalized at a developer meeting scheduled for 12/8.” The Shanghai upgrade is a hard fork that the Ethereum community is paying attention to, as it is likely to include the withdrawal of Ethereum staked in the Beacon Chain after the Ethereum merge (PoS conversion).

Tom Lee Research Director “I recommend investors to buy Bitcoin.”
Tom Lee, head of research at Fundstrat Global Advisors, said in an interview with CNBC, “I recommend investors to buy, saying that the current cryptocurrency bear market is not very different from that of 2018.” “The bear market of 2018 is when the best projects have emerged. The ongoing Crypto Winter is a significant time for the market as it purges bad players. “I would advise investors to buy Bitcoin.” In response to this year’s investment performance, “No one has ever made money with cryptocurrencies. In 2023, the price of Bitcoin may not move much, either. But the FTX crisis was quite a stress test, and just as banks like JP Morgan came stronger in the wake of the 2008 global financial crisis, cryptocurrencies can too.”

De Beer Group CEO “BTC Rally Will Start From April Next Year”
According to Daily Issues, Nigel Green, CEO of the deVere Group, the world’s largest financial planning advisory firm, said, “It will take several more months for the current cryptocurrency bear market to end. However, ifHowever, if inflation slows down and central banks start easing monetary policy, Bitcoin (BTC) will rebound. It seems likely that the rally could start in April next year. The market is showing positive signs again. The current BTC price is attractive for long-term investors.”

U.S. House of Representatives “The SEC’s cryptocurrency regulatory strategy is indiscriminate and inconsistent.”
Pro-cryptocurrency U.S. Congressman Tom Emma (Republican) questioned the effectiveness of cryptocurrency regulations implemented by U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler. “Chairman Gensler’s cryptocurrency regulatory strategy aims to protect investors. However, in the last year alone, we have seen the collapse of major exchanges and projects, including FTX, Celsius, Voyager Digital, and the Terra debacle. This regulatory strategy is problematic because it is indiscriminate and inconsistent,” he tweeted.

EY Blockchain Director Says Crypto Winter Will Not Affect Long-Term Industry Growth
In an interview with the Indian media mint, Paul Brody, general manager of the blockchain division of Ernst & Young (from now on referred to as EY), one of the world’s four largest accounting and consulting firms, said, “This Crypto Winter It is not having a significant impact on the long-term growth of the industry.” “Compared to the last crypto winter, this one is much milder,” he said. This is because the declining cryptocurrency prices are not affected by the technical work going on in the market. However, in light of the FTX collapse, the industry needs strong regulation and oversight.”

★ ReapChain Official Community
Follow the ReapChain official community and have more news!
Homepage: https://reapchain.com/
Telegram (ENG): https://t.me/ReapchainOfficialEnglish
Telegram (KR): https://t.me/joinchat/MbaQ7RaZchMzjAam9yMS0Q
Blog: https://blog.naver.com/reapchain
Facebook: https://www.facebook.com/ReapChain/
Twitter: https://twitter.com/ReapChain
Instagram: https://www.instagram.com/reapchain_reap_doonge/
Bitcointalk: https://bitcointalk.org/index.php?topic=5260297.0
Partnership and Affiliation Inquiries: reapchain@reapchain.com
Investment and Sale Inquiries: sale@reapchain.com
Project Inquiries: reapchain.official@reapchain.com