These are the 5 most important news of the last week

Another exciting week in crypto space is coming to an end. The most important events around BTC and Co. at a glance.

German inflation just under 8 percent

The inflation rate in Germany is increasing again. It is higher than it has been for several decades. With the beginning of the Russian war of aggression against Ukraine, the cost of energy rose exorbitantly. Energy prices rose by 38.4 percent. Food prices increased by 11.1 percent.

To what extent inflation can be associated with BTC, we have explained to you here.

Elon Musk also wants to accept Dogecoin for SpaceX merchandise

It is now known that the richest person in the world celebrates the dog token. After Tesla, Musk’s space company SpaceX is now also to open up to Dogecoin (DOGE).

It is currently unclear whether other products will soon also be able to be paid for with DOGE. However, Musk did not seem to be completely averse to the idea.

The federal government speaks out against the obligation to report “unhosted wallets”.

The German government is critical of the EU Parliament’s proposed reporting requirements for transactions from or to “unhosted wallets”. With the current negotiations on Transfer of Funds Regulation (TFR) The EU wants to introduce anti-money laundering and anti-terrorist financing guidelines for the crypto space.

Accordingly, the federal government suggested focusing more on blockchain analysis tools in order to assess the risk of the respective transfer and to take appropriate measures.

Pop star The Weeknd caught NFT fever

The famous R’n’B singer wants to combine his new world tour with digital collectibles. The Weeknd works with the world’s largest crypto exchange binance together. The 32-year-old topped the Spotify charts in March 2022 with over 86 million monthly listeners and has sold over 75 million albums.

In addition to an NFT collection, there will also be NFT tickets that promise exclusive experiences.

ETH consensus switch is tested in Ropsten testnet

The long-awaited transition of the ETH network from Proof of Work to Proof of Stake is upon us. In the event known as a “merge”, the current ETH blockchain is merged with the beacon chain.

Now a simulation is scheduled to take place on June 8th on a testnet called “Ropsten” to ensure the smooth transition to the new consensus mechanism.