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First Mover Americas: Bitcoin Returns to $61K, Outperforms Broader Crypto Market
20.8.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 20, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Latam Insights Encore: El Salvador Bitcoin’s Allure Might Help Bukele Reactivate the Country’s Economy
20.8.2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities of making Bitcoin an important part of the proposed economic overhaul plan of El Salvador. Latam Insights Encore:...
Daily Crypto Update: Market Gains Control as Top Coins Rejoice
20.8.2024
After a brief slump period, the overall crypto market is finally showing some life. The market started the…
State Street Selects Taurus for Crypto Custody, Tokenization
20.8.2024
The bank will start with tokenization and plans to offer digital asset custody once the U.S. regulatory environment improves
Tether mints another $1B USDT on the Tron network
20.8.2024
Tether mints $1 billion USDT on Tron, pushing its total tokens minted in the last year to 33 billion
Circle’s Euro-Pegged Token EURC Surpasses €50 Million Market Cap
20.8.2024
EURC, a Euro-pegged stablecoin by Circle, the issuer of USDC, has reached a market cap of over €50 Million ($55.37 million). According to Patrick Hansen, Circle’s Senior Director, EU Strategy & Policy, the stablecoin has experienced significant growth, registering a 36% increase in...
Ether hits $2.6K as metrics suggest it’s in 'late stages’ of correction
20.8.2024
Rising Open Interest of Ether and a “positive” taker-buy sell ratio has a crypto analyst optimistic that Ether’s lengthy correction is nearing its end.
Unknown crypto whale has been scooping up WBTC amid controversy
20.8.2024
According to Lookonchain, an unknown wallet address has accumulated more than $118 million worth of Wrapped Bitcoin in the last week
Crypto super PAC Fairshake just lost a billionaire Dem donor: Report
20.8.2024
Top Democratic Party donor Ron Conway has split from pro-crypto Fairshake PAC after it pledged to back a Republican candidate without his knowledge
Bank of Ghana Unveils Proposed Virtual Asset Regulations
20.8.2024
The Bank of Ghana has released draft regulations aimed at creating a framework for the cryptocurrency industry. The rules are designed to protect consumers, prevent financial crimes, and encourage financial inclusion. Virtual asset service providers (VASPs) will be required to register and meet...
Debate shifts negative as Solana memecoin trading volume dips
20.8.2024
A Messari data engineer has called it the “most extractive crypto phenomenon” since the ICO boom, but the jury's still out on that one.
China Supreme Court revises Anti-Money Laundering law to include ‘virtual assets’
20.8.2024
Supreme People’s Procuratorate said there has been a 20-fold increase in people prosecuted for money laundering since 2019.
Kamala Harris’s Alleged ‘Crypto Reset’ Absent in Democratic Agenda
20.8.2024
While the Republican platform addresses the issue of cryptocurrency and bitcoin, the Democratic Party’s latest platform remained silent on the matter. Adding to the buzz, there are whispers that Kamala Harris’s campaign might be eyeing Gary Gensler, the current head of the U.S. Securities...
Solana's Former Top Decentralized Crypto Exchange Faces SEC Securities Violations
20.8.2024
Mango Markets' governing body is looking to offer a settlement to the SEC
Top Democratic Donor Leaves Crypto Super PAC
20.8.2024
Ron Conway disagrees with spending $12 million to defeat Democratic Senator Sherrod Brown
Nigeria Aims to Include Cryptocurrencies in Tax System Overhaul
20.8.2024
The Nigerian government is looking to impose taxes on the cryptocurrency industry. The Federal Inland Revenue Service (FIRS) plans to introduce a new tax law to achieve this. Despite being a major crypto market, Nigeria currently receives minimal tax income from crypto-related activities. The FIRS...
Optimism Finds Vulnerabilities in Fault Proof System, Proposes Upgrade to Patch Them
20.8.2024
OP Labs, a software development company focusing on the Optimism ecosystem, has proposed an upgrade for the Optimism rollup called Granite, which comes to fix a series of vulnerabilities in the chain’s fault-proof system. While some high-severity vulnerabilities were encountered during...
Financial Analysts Estimate Gold Might Reach $3,000 Propped up by Rate Cuts
20.8.2024
Several financial analysts predict that gold prices will continue to gain ground, supported by forecasts that the Federal Reserve will cut interest rates later this year. According to Patrick Yip of American Precious Metals, the $3,000 mark could be reached as soon as next year if geopolitical...
Tron Triumphs as Cardano Fades—ADA Drops From Crypto’s Top 10
19.8.2024
Based on recent market data, the cryptocurrency cardano (ADA) has fallen out of the top ten rankings, making way for tron (TRX) to take its place. ADA has struggled to hold its ground among the leading cryptocurrencies this year, and in the past 30 days alone, it has dropped 23% against the U.S....
Solana ETPs see $39M outflow — Is the SOL price top in?
19.8.2024
CoinShares data shows Solana investment products registering a $39 million outflow, while Bitcoin investment products saw modest inflows