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The governments of Brazil and Argentina will discuss the introduction of a common currency between the two countries.

The Bank of Spain has announced that it has begun testing the EURO backed stablecoin, called EURM. The new digital euro is based on the Ethereum and Polygon blockchain network.

Cryptocurrencies have been on a steady decline this week. XDC, TON, and PAXG are currently trading in uptrend zones.

Cryptocurrency prices are falling rapidly and have entered a more bearish trend zone.

Quadrans: What is it?

The Federal Bureau of Investigation (FBI) has sent a stern warning to professional networking site LinkedIn. Sean Ragan, Special Agent with the Bureau, said cryptocurrency investment scammers are on the rise on the professional network.

Due to the exponential rise of the bitcoin difficulty factor, frustrated bitcoin miners are storming the Ethereum network. According to the Cryptocurrency Mining Index, a large number of miners are shifting their hashing power to the Ethereum blockchain. According to blockchain.com, the current bitcoin difficulty factor is 29.8 trillion.

Undervalued altcoins are moving positively towards previous highs. The best performing altcoins trade in the bullish trend zone as they make a relief rally to the upside.

Bitcoin has held above the $45,400 level since April 1. This has supported Moonbeam, SKALE Network, and Aave to advance to their previous highs.