August 12, 2021

Cryptocurrency Digest Aug 11, 2021: News, Analysis & Opinions

cryptocurrency digest aug 11 2021

📈 ADA is up 20% amid Cardano founder Charles Hoskinson's announcement that he will name a launch date for smart contracts by the end of the week.

📊 Read our analysis of top cryptocurrencies, including UMI.

💸 The hacker who attacked Poly Network and stole $611 million has begun recovering assets.

🚨 The SEC chairman told a U.S. senator that his agency needs more authority to regulate cryptocurrencies.

✅ U.S. insurance company Metromile invested $1 million in bitcoin.

💳 Mobile payment service Venmo added cryptocurrency cashback to its payment cards.

⛔️ BitMEX agreed to pay a $100 million fine to settle a conflict with U.S. regulators.

💰 Helium raised $111 million through token sales.

📑 Coinbase reported record quarterly revenue of $2 billion.

🏦 Neuberger Berman fund with $400 billion in assets will invest in BTC and ETH futures.

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Jack Evans

About the author

I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments. 

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