Crypto News of the day 20.8. | IMF: Ripple competes with established payment systems • and other news

Welcome to crypto news of the day 20.8. 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

Bitcoin fell further to $ 11,750, while most altcoins are still bleeding. Ethereum has fallen another 1% and is close to the psychological level of $ 400. Just a few days ago, ETH reached its annual high of $ 445, a decrease of 9%. Ripple fell 1.5% to $ 0.287, BCH down 2% to $ 290, Litecoin down 1% to $ 62… The only exception is Chainlink, which gained more than 5% and trades above $ 16. Significant losses are seen in Balancer (-20%), Terry (-11%), Flexacoin (-10%), Compound (-5.5%) and Aragon (-5%).

.Gold failed to maintain its recent price pump similar to Bitcoin. The precious metal exceeded $ 2,000 an ounce a few days ago, but then fell to $ 1,920. The most important stock indices on Wall Street also closed the trading session slightly red yesterday. The Dow Jones fell 0.3%, the Nasdaq 0.15% and the S&P 500, which painted a new all-time high earlier this week, fell 0.44%.

You can monitor the current prices of cryptocurrencies here.

Last crypto news of the day (19.8.) here.

Cryptocurrencies

Tether is now on the OMG network to avoid problems on the ETH network

Following the announcement of plans to integrate Tether (USDT) into the OMG network at the end of May, according to Tether, USDT stablecoin is now functional in the OMG network as well. At the time the integration was originally announced, Bitfinex said that enabling USDT on the network would reduce transaction confirmation times and fees. The Ethereum network has seen an increase in average fee prices and network congestion vulnerability in recent months, making integration into the OMG network a solution offering lower transaction costs.

Ripple transferred another 60 million XRPs to Jed McCaleb

Jed McCaleb receives an XRP from Ripple for his role as co-founder of Ripple and its former CTO, which he held until 2013. He then left the company to try to realize his own ideas. This time, Ripple transferred 60 million XRPs to McCaleb’s wallet called “tacostand,” which was so named when he was still working for Ripple. This XRP is $ 17,360,558. Immediately afterwards, Jed McCaleb sent 6.1 million XRPs from “tacostand” to another wallet.

IMF: Ripple competes with established payment systems

In its August report, which looks at how innovative technologies affect the financial sector, the International Monetary Fund (IMF) identified Ripple as one of the “few new players” to question the establishment’s payment infrastructure: “Some new platforms aim to compete with payment systems. systems such as TCH ACH, TCH RTP and Fedwire Funds Service, which are only accessible to banks. For example, RippleNet provides software and rules for the transmission mechanism, while financial intermediaries act as nodes and can participate in the consensus mechanism. “

IOTA Chrysalis live 

IOTA today announced the release of the first phase of the IOTA 1.5 upgrade. In line with its promise, IOTA finally presented a significant step towards achieving its plan and an excellent opportunity for the community. Previously, the project published a release strategy to be implemented in two phases. Today is the beginning of the first phase after calculated research and application considerations on how best to integrate new features into Chrysalis.

Ghost token dropped by 50% after McAfee left the project

Popular cryptocurrency advocate John McAfee broke up with his Ghost project team, citing the incompetence of the management team. On Wednesday (August 19, 2020), McAfee announced that it had left the Ghost project, focused on privacy. As early as April, McAfee announced a Ghost privacy token that uses Proof of Stake (PoS) to ensure users’ privacy by making them “ghosts” when making transactions. Following McAfee’s announcement, the Ghost (GHOST) token has dropped by 50%. GHOST has fallen by 71% in the last 30 days.

Regulations

A dozen cryptofirms can provide services in the state of Hawaii

Residents of Hawaii can now use services from twelve cryptofirms including ErisX, bitFlyer USA and Gemini. The companies were approved by a state regulatory authority called the Digital Currency Innovation Lab – an initiative between the Hawaiian Ministry of Financial Institutions and the Hawaiian Technological Development Society (HTDC), an agency for the Hawaiian State. The quarantine program was launched in March this year and allows cryptographic companies to apply for business approval in Hawaii without obtaining a two-year license.

British regulator added Gemini to the list of allowed crypto companies

The American cryptobourse Gemini has registered its branch in the UK with the Financial Conduct Authority (FCA) in an effort to comply with the country’s recent requirement that crypto-companies must report their activities. Earlier this year, the United Kingdom changed its anti-money laundering rules under the European Union’s Fifth Anti-Money Laundering Directive (AMLD5). The updated directive required new and existing crypto-businesses in the UK to register with the FCA. Existing businesses must register by January 10, 2021.

Thank you for your time a reading crypto news of the day 20.8.