August 25, 2021

Cryptocurrency Digest Aug 18, 2021: News, Analysis & Opinions

cryptocurrency digest aug 18 2021

⚠️ The Dutch Central Bank issued a warning to cryptocurrency exchange Binance for providing services without the necessary license.

📈 Chainalysis found that the global reach of cryptocurrencies has increased 23 times in the last year. The leaders in distribution are Ukraine, Vietnam, India and Pakistan.

⛔️ Blockchain․com faced a lawsuit from convicted money launderer Firoz Patel. The reason is the freezing of 450 bitcoins ($20.4 million).

David Marcus said that Novi Wallet (a Facebook development) is ready to go to market.

🐕 The non-profit organization Dogecoin Foundation resumed its activity. Vitalik Buterin and Jared Birchall (apparently, on behalf of Ilon Musk) are among the advisors.

🚨 Binance hired former U.S. Treasury Department criminal investigator Greg Monahan to fight money laundering.

⛔️ Galaxy Digital posted a loss of $175 million in the second quarter.

🆘 A developer discovered a vulnerability that would have allowed $350 million to be stolen from SushiSwap.

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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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