Market Update August 22
Reading Time: < 1 minuteThe cryptocurrency market experienced a modest uptick over the past day, with Bitcoin and Ethereum leading the charge.
Mining Firm Bitfarms Purchases Rival Stronghold Digital Mining
Reading Time: < 1 minuteBitcoin mining company Bitfarms has purchased Stronghold Digital Mining for approximately $125 million, including assumed debt of $50 million.
Mercado Libre to Release a Stablecoin Backed by the USD
Reading Time: < 1 minuteMercado Pago announced on Wednesday that it will launch a stablecoin in Brazil that is tied to the value of the US dollar.
Tether to Realese a Dirham-pegged Stablecoin in UAE
Reading Time: < 1 minuteTether has announced its upcoming launch of a new stablecoin pegged to the United Arab Emirates dirham (AED).
SubQuery Launches Decentralized AI Inference Hosting at Web3 Summit in Berlin
Reading Time: 2 minutesSingapore, Singapore, 21st August 2024, Chainwire
Market Update August 21
Reading Time: < 1 minuteThe cryptocurrency market experienced a slight downturn in the past 24 hours, with Bitcoin and Ethereum both recording declines.
Conflux and China Mobile’s Migu Debut World’s First Blockchain-Based Video Ringtone
Reading Time: 2 minutesNew York, United States, 21st August 2024, Chainwire
Mt. Gox Moves $700M in Bitcoin to New Wallets
Reading Time: < 1 minuteEarly Wednesday, an address linked to defunct exchange Mt. Gox moved 13,265 BTC, worth $784 million.
Malaysian Authorities Destroy Almost 1,000 BTC Mining Devices
Reading Time: < 1 minuteMalaysian authorities have destroyed 985 Bitcoin mining machines worth approximately 1.98 million Malaysian ringgits ($452,500).
Spot Bitcoin ETFs Post Inflow of $88M
Reading Time: < 1 minuteUnited States spot Bitcoin exchange-traded funds (ETFs) have continued to attract positive inflows, with eight out of the past ten trading days showing net inflows.
Flipster Announces Collaboration with Tether
Reading Time: 2 minutesWarsaw, Poland, 20th August 2024, Chainwire
Market Update August 20
Reading Time: < 1 minuteThe cryptocurrency market experienced a surge today, with Bitcoin leading the charge. The world’s largest cryptocurrency gained a solid 3.85%, closing in on the $61,000 mark at $60,845.50.
Nigeria Proposes a New Law to Tax Cryptocurrencies
Reading Time: < 1 minuteNigeria’s Federal Inland Revenue Service (FIRS) is set to introduce a tax on the crypto industry. The tax bill is expected to be presented to parliament for approval by September.
Bitwise Buys European ETP Provider ETC Group
Reading Time: < 1 minuteCrypto asset manager Bitwise has strengthened its global presence by acquiring London-based ETC Group.
Tether Expands USDT to Aptos Network
Reading Time: < 1 minuteTether has announced the expansion of its USDT stablecoin to the Aptos blockchain. This move adds to USDT’s existing presence on networks like Ethereum, Tron, Avalanche, Celo, and Solana.
PEXX Announces Strategic Acquisition of Chain Debrief
Reading Time: 2 minutesSingapore, Singapore, 20th August 2024, Chainwire
Market Update August 19
Reading Time: < 1 minuteThe world of cryptocurrency has been buzzing with activity over the past 24 hours, with major coins like Bitcoin and Ether experiencing interesting price movements.
Bitcoin’s Mining Profitability Falls to All-time Low
Reading Time: < 1 minuteThe recent increase in the Bitcoin network hashrate has caused a decline in the stock value of BTC mining companies that had recently gained from their investments in artificial intelligence (AI).
BlackRock’s ETFs Surpass Grayscale’s
Reading Time: < 1 minuteBlackRock’s digital asset exchange-traded funds have overtaken those offered by leading competitor Grayscale in terms of total assets under management.
Australia’s Regulator Takes Down 600 Crypto-related Scams
Reading Time: < 1 minuteThe financial markets regulator in Australia has reported removing more than 600 fraudulent cryptocurrency schemes in the past year, cautioning that fraudsters and artificial intelligence are constantly adapting their methods to deceive unsuspecting individuals.
Holonym Foundation Emerges with $5.5 Million Seed Funding to Provide Global Digital Personhood with Human Keys
Reading Time: 3 minutesDelaware, United States, 16th August 2024, Chainwire
Market Update August 16
Reading Time: < 1 minuteOver the past day, the cryptocurrency market has seen a mixed movement in prices. Most major cryptocurrencies have shown a slight increase in value, while others have experienced a small decline.
Donald Trump Reportedly Holds $1 Million in Ether
Reading Time: < 1 minuteAccording to election disclosures, Donald Trump owns between $1 million and $5 million worth of Ether (ETH) and earns significant income from licensing fees for non-fungible tokens (NFTs).
South Korea’s Pension Fund Purchases $33.7M in MicroStrategy Shares
Reading Time: < 1 minuteThe world’s third-largest pension fund, South Korea’s National Pension Service, bought $33.7 million worth of shares from MicroStrategy in the second quarter of this year.
Dubai Court Says Crypto Salary Payments Are Valid
Reading Time: < 1 minuteThe Dubai Court of First Instance has ruled that salary payments in crypto are valid under employment contracts.
Bitcoin 
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Tether 
BNB 
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XRP 
Solana 
TRON 
Lido Staked Ether 
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