Crypto News of the day 18.8. | Bitcoin is once again trying to beat $ 12,000 • Bitcoin is now bigger than Bank of America • and other news
3 min readWelcome to crypto news of the day 18.8. We have prepared for you an overview of the most important things that happened during the last day in the cryptoworld and crypto market.
Markets
Cryptot markets are now growing (with the exception of Chainlink and EOS). With cryptocurrency being advertised on national TV screens in the United States last week, the process of mass adoption of cryptocurrencies has accelerated. Ethereum broke the $ 400 level, reaching a two-year high of $ 440. Bitcoin, meanwhile, recovered quickly from a sudden drop earlier last week to push again against key resistance at $ 12,000. This resistance has been overcome and BTC is currently trading around $ 12,000. If this level can be maintained, there is a chance for further growth.
You can monitor the current prices of cryptocurrencies here.
Last crypto news of the day (17.8.) here.
Cryptocurrency
Bitcoin is now larger than Bank of America
Bitcoin has reached a new annual high of $ 12,470, and its market capitalization is now higher than the market capitalization of Bank of America and New Zealand. According to AssetDash at the time of writing, BTC’s current market capitalization is just over $ 226 billion, up 3.2% over the past 24 hours. However, the market capitalization of Bank of America today fell more than 2% to $ 224.4 billion. This means that the analytics site ranks BTC as the 25th most valuable asset by market capitalization, just behind PayPal at $ 230 billion.
One of the largest whales sent 19,000 BTC
The huge bitcoin transaction is causing a stir among crypto traders. A large anonymous cryptocurrency holder moved all bitcoins from one of the richest wallets in the world and sent 19,722 BTCs worth more than $ 243 million for $ 139. The shipping wallet, which first received bitcoins in December 2018, was rated the BTC’s 37th largest address in the world prior to the transaction.
Buterin: ETH 2.0 is a far bigger challenge than we expected
Ethereum co-founder Vitalik Buterin says he admits that implementing Ethereum 2.0 is “much more difficult” from a technical point of view than he expected. Buterin made his remarks during a debate with bitcoin maximalist Samson Mow in Peter McCormack’s podcast on August 16.
Chainlink lost 20%
After a record rally, Chainlink (LINK) finally went through a certain price weakening. According to data from TradingView.com, the asset fell by 20% in 30 minutes. Within 30 minutes, the cryptocurrency moved from its local highs of about $ 18.80 to $ 14.50.
Cryptocurrency Exchanges, Banks, Companies
RobinHood raised $ 200 million in another round of funding
Robinhood, stock and cryptocurrency trading application received $ 200 million in a new round of funding. In a August 17 blog post, Robinhood said they had earned $ 200 million in a G-Series funding round. The platform is now reportedly worth $ 11.2 billion, according to D1 Capital Partners. The investment will be used to improve the “basic product and customer experience”.
Gemini adds support for other fiat currencies
Gemini, the main crypto exchange founded by the Winklevoss brothers, has just added support for three new fiat currencies on its platform. According to an official announcement on August 17, Gemini now allows users to trade in Hong Kong Dollars (HKD), Australian Dollars (AUD) and Canadian Dollars (CAD). The three new Fiat currencies come in addition to the US dollar, which allows Gemini users in Hong Kong, Australia and Canada to buy and sell cryptocurrencies with native currencies. However, HKD, AUD and CAD are not currently offered through the Gemini Active Trader cryptoplatform. The currencies will be available soon as part of the new product, the announcement said.
