Crypto News of the day 19.8. | Crypto markets weaken sharply • Beware of fake tokens on Uniswap • and other news

Welcome to crypto news of the day 19.8. 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

Crypto market lost over 5% of its market value yesterday when Bitcoin fell below $ 12,000, followed by altcoins. However, BTC’s market dominance increased slightly as most altcoins also declined. Gold also fell sharply during yesterday’s trading, reaffirming an increased correlation between the two asset groups. In contrast, stock markets were in the green. The Nasdaq Composite increased its value by 0.75% after rally tech companies. The S&P 500 erased all losses recorded during the most intense days of the COVID-19 pandemic and reached a fresh high of all time.

You can monitor the current prices of cryptocurrencies here.

Last crypto news of the day (18.8.) here.

Cryptocurrencies

VeChain has acquired a new blockchain partner

VeChain works with one of the largest networks of independent accounting and consulting firms in the world to provide advanced blockchain solutions. According to a contribution published by the VeChain Foundation, the company has entered into a partnership with Grant Thornton Cyprus. The goal of the partnership is to leverage VeChain’s “advanced blockchain solutions for various industries” among Grant Thornton’s client network, including the food industry, pharmaceutical industry and logistics.

Cryptocurrency Exchanges, Banks, Companies

Coinbase listed Band token

As of today, the cryptobourse supports the Coinbase Band Protocol (BAND) on Coinbase.com and in the Coinbase applications for Android and iOS. Coinbase informs on his blog: Please note that we will only support ERC-20 BAND tokens at this time. Coinbase customers can now buy, sell, transfer, send, receive or store BANDs. BAND is available in all areas supported by Coinbase except New York State.

Binance helped Ukrainian authorities catch the cyber fraudsters

Last year, the exchange launched a new initiative called Bulletproof Exchanger, which aims to identify and monitor centers of harmful activity involving cryptocurrencies or companies in the ecosystem. Following the discovery of such activities, Binance will contact the authorities to eliminate them. Recent cooperation with Ukrainian law enforcement authorities has led to the arrest of a group of cybercriminals allegedly responsible for several ransomware attacks and complex money laundering operations. The organization stole more than $ 42 million from many such attacks and extortion.

DeFi

Total value of asstes in DeFi can be overestimated by up to 2.3 billion USD

The total value of USD locked in decentralized financing (DeFi) protocols recently exceeded $ 6 billion, according to an onchain data source, DeFi Pulse. Today, the figure is $ 6.32 billion, up almost sixfold since it reached the $ 1 billion mark less than three months ago. The exponential growth recorded this year can be largely attributed to the advent of yield farming. However, Encode Club founder Damir Bandalo claims that this information is somewhat inflated. Instead of $ 6.32 billion, Bandolo says $ 3.5 billion is a better estimate of the true value locked in the top 15 DeFi protocols.

Beware of fake tokens on Uniswap

Fake tokens continue to plague the decentralized Uniswap. Teller Finance tweeted that a fake Teller token and a Uniswap fund had been created. Teller Labs has not made any official announcements of any potential, planned or impending launch of the tokens. The highly anticipated sale of the NEAR token protocol also attracted scams, the team announced on Twitter that the only official token selling point is on the project website. Unlike centralized platforms, Uniswap does not maintain any rules or criteria for listing new tokens, which means that anyone can list an ERC-20 token on the exchange.

Attractions

Vitalik Buterin sold his ETH for a fiat

Etherea creator Vitalik Buterin admitted that he both sold and donated his ETH shares when the price was $ 700. Although he did not say so, it seems unlikely that he sold his entire stake in ETH – although how much ETH he owns today is not currently known. Buterin also said that he has not bought any Bitcoin since 2017.

Edward Snowden received $ 35,000 for Bitcoin lectures

Whistleblower Edward Snowden received at least $ 35,000 for a virtual lecture on Bitcoin. Blockstack, a competitor of Ethereum, paid him $ 20,000 in March 2018 to speak during Blockstack Berlin. And BTC Media, publisher of Bitcoin Magazine, paid him $ 15,000 to speak at the Bitcoin 2019 conference in San Francisco in June of that year.

Thank you for your time a reading crypto news of the day 19.8.