August 4, 2021

Cryptocurrency Digest Aug 3, 2021: News, Analysis & Opinions

cryptocurrency digest aug 3 2021

⛓ Zcash creator urged to switch to PoS.

❌ The British bank HSBC banned credit card transfers to Binance.

🚨 Riccardo Spagna, the former lead developer of Monero, was arrested in the U.S. for fraud. It has nothing to do with cryptocurrencies.

💸 Last week, the net outflow of funds from cryptocurrency-based funds was $19.5 million.

👀 Glassnode recorded a 30% increase in active addresses on the Bitcoin network.
💡 Glassnode recorded a sharp outflow of BTC from cryptocurrency exchanges.

🔥 Miami will release its own cryptocurrency tomorrow. Owners will be able to earn passive income in BTC.

💥 Weekly trading volume in NFT tokens rose to $339 million, a historic high.

⛔️ SEC head Gary Gensler said the regulator is concerned about the DeFi industry and is working on changes to crypto regulation.

✨ Telegram will transfer ownership of the ton․org domain and GitHub repository to the TON Foundation organization.

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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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