MARKETS

BTC continued to decline until it touched $ 47,200, rebounding and adding more than $ 2,000 in just a few hours. However, after a sharp rise above $ 49,000, the situation changed again and BTC fell again.

This time it even fell below $ 47,000. In fact, it fell to $ 46,550, the lowest price tag in about a week.

Most altcoins have followed their leader in recent days. These include ETH, which reached a several-month high of $ 3,360 on Monday, but has since lost more than $ 200 in value. In addition, the ETH fell below $ 3,100 a few hours ago, but is currently hovering around that level.

BTC analysis – will there be a break today and will the correction begin?

Cryptocurrencies

The whales suddenly moved $ 500,000,000 in ETH

Whales move huge amounts of Ethereum (ETH) as volatility on the crypto market increases.

Large holders of the second largest crypto asset transferred more than $ 500 million in ETH on Tuesday and Wednesday in 13 separate transactions.

The largest single transactions include the transfer of ETH 28,272 worth more than $ 90.8 million. According to the Whale Alert crypto tracker, the cryptocurrency was sent from one unidentified wallet to another. Two minutes later, the same sending wallet sent another 28,272 ETH to the third unknown wallet.

A crypto survey from CNBC found that 10% of respondents had already invested

Cryptocurrencies continue to ascend to the top. CNBC, in collaboration with Momentive Invest, has published a new survey to match the growth of the industry. According to the survey, 10% of respondents have already invested in cryptocurrencies.

These findings rank cryptocurrencies fourth for real estate, stocks, mutual funds and bonds.

In addition, the survey found that 65% of investors surveyed entered the cryptocurrency area in the last year. Despite large fluctuations in key digital currencies, investors have nevertheless opted for cryptocurrencies. This year, BTC fell back to $ 30,000 shortly after reaching an all-time high of over $ 64,000. Although this survey shows a promising increase in cryptocurrency investors, the chaos caused by price fluctuations saw a large weekly outflow of money during the year.

Banks, crypto exchanges, companies

The Chinese technology company Meitu reported a loss of $ 17 million from BTC’s holdings in the first half of 2021

The Chinese technology company Meitu, listed on the Hong Kong Stock Exchange and best known for its popular cosmetic applications, recorded a loss in the first six months of 2021 due to the impairment of its shares in Bitcoin of RMB 111,907,000 (USD 17.3 million). The information was presented by the company in its latest financial results.

According to Meitu’s report on HKEX of 25 August: approximately RMB 94.9 million was not recognized as a revaluation gain. ”

Powerbridge Technologies purchases 5,600 crypto mining machines

On August 25, Powerch Technologies, a blockchain application provider, announced that the company had entered into an agreement with Cryptodigital Holdings Ltd. to purchase cryptocurrency mining machines. The agreement states that Powerbridge Technologies will purchase a total of 5,600 mining machines for BTC and ETH, which will be delivered from October.

These 5,600 mining facilities will be divided into two groups, 2,000 for BTC mining and 3,600 for ETH mining. These 2,000 rigs intended for BTC mining consist of Antminer S19 Pro, Antminer S19s and other modules with a high hash rate. ETH mining machines consist of models RTX 3070 and RTX 3060 Ti. The hash rate is expected to be 200 PH / s for BTC and 1700 GH / s for ETH.

Microsoft obtains US patent for “ledger-independent token service”

US technology giant Microsoft has obtained a blockchain-related patent for techniques for implementing a cross-chain token management system. The United States Patent and Trademark Office (USPTO) granted a patent to Microsoft’s Microsoft Technology Licensing on August 24.

The patent, filed February 2019, describes a “ledger-independent token service” or software service that enables individuals and organizations to create and manage tokens across various networks and platforms of a distributed ledger.

Examples of such platforms in the patent application include the main blockchain platform ETH, Hyperledger Fabric supported by IBM, the enterprise blockchain platform Quorum from JPMorgan, R3 Corda and Chain Core.

CBDC, Regulation

The British financial regulator claims that it is “unable” to supervise Binance

The UK Financial Supervisory Authority (FCA) has issued a supervisory notice setting out numerous concerns about Binance’s management and products. The notice states that “based on the company’s involvement to date, the FCA considers that the company is not capable of effective supervision”. The FCA adds that this is a serious problem, given that the exchange is a global crypto exchange that offers high-risk products that pose a significant risk to consumers.

This follows the FCA’s claim that Binance refused to answer what the FCA called “simple questions.” The notice states that during 2021 the FCA sent a pair of information requests to the Exchange. Although Binance responded, the FCA claims that the responses “amounted to a refusal to provide information”. These included refusing to answer questions about the broader global business model, refusing to provide information about the broader products offered, and failing to answer questions about stock tokens. Failure to provide proper information has made Binance “impossible to exercise effective oversight”.

Tags: daily news