Crypto News of the day 21.8. | Kiyosaki: Buy Bitcoin before the crisis comes • Whales are getting rid of LINK • and other news
4 min readTable of Contents
Welcome to crypto news of the day 21.8. 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 and crypto markets have had a turbulent week. After first stabilizing above $ 12,000 for a multi-day period earlier this week, Bitcoin has recently struggled with an influx of selling pressure that has pushed it back below that level. BTC has now entered an area that appears to be another extended consolidation phase in the region with a top $ 11,000. Bitcoin is currently part of a consolidation channel in the region of the top of $ 11,000. Altcoins also tend to stagnate or grow slightly, except for Chainlink, which weakens significantly.
You can monitor the current prices of cryptocurrencies here.
Last crypto news of the day (20.8.) here.
Cryptocurrencies
Schiff: Interest in Bitcoin is declining despite a massive effort at the pump
According to Google Trends, interest in bitcoins is now well below December 2017, when BTC reached its maximum. In contrast, gold is reaching new highs in search interest shortly after the first $ 2,000 break. According to Peter Schiff, all the signs point to the fact that Bitcoin has not yet managed to regain the retail crowd. Although only two percent of American customers own cryptocurrencies, the vast majority of them are already familiar with the term. In addition to newcomers, Google searches are currently motivated by analysts and surveys, but the lack of interest in retail is why search queries remain well below previous highs.
Kiyosaki: Buy Bitcoin before the crisis comes
In a August 21 tweet, author of Rich Dad, Poor Dad, told followers that it was not time to “think” about investing in safe paradises. “The big banking crisis is coming fast”
The reason is that Warren Buffett decided to sell the bank shares. “Why Buffet sells banks. Banks bankrupt. Major banking crisis will come quickly, “he wrote.
Whale moved a huge amount of LINK
Six significant LINK transfers have been made in the last fifteen hours. Among them was one in the amount of 722,783 LINK (11,354,118 USD). Other large LINK transactions from this “series” include two transactions of 500,000 LINKs each and two of the approximately 200,000 LINKs performed by anonymous cryptocurrency holders. Whales have been selling large quantities of LINK recently. These crypto users held between 100 million and 10 million LINKs on their digital addresses.
Crypto Exchanges, Banks, Companies
Three Swiss companies claim to have executed a BTC transaction in accordance with FATF rules
Zug-based Crypto Finance AG and 21 Analytics and Mt Pelerin in Geneva announced that they had entered into a 21 CHF transaction in Bitcoin on Friday that automatically met AML requirements set by the Financial Action Task Force (FATF) and the Swiss market regulator. The FATF standard, known as the travel rule, requires VASPs to exchange data that identifies both the originator and the recipient in any transaction over $ 1,000.
Since this rule came into force last year, intermediaries have so far been forced to do it manually – but this transaction proves that transactions can now be sent with all the automatically added AML details. “The conversion has been fully automated using TRP, instead of manually creating PDFs and submitting for each transaction, as is still the case with Swiss VMAPs regulated by FINMA,” said Lucas Betschart, CEO and Founder of 21 Analytics.
DeFi
WeissRatings: There is no DeFi without Chainlink
Earlier this week, the Weiss Ratings team concluded that ChainLink (LINK) would continue to be an integral part of the DeFi revolution. The team also explained that the DeFi boom is a pillar of the ongoing crypto revolution.
Scams, Lawsuits
Former CSO of Uber accused of paying ransom to hackers at BTC and jeopardizing client data
US Department of Justice claims that Joseph Sullivan, a former security director of Uber, covered up a hacking activity in 2016 that threatened the data of millions of users and drivers. Sullivan reportedly paid hackers $ 100,000 in bitcoins.
US regulator CFTC is demanding a penalty of USD 572 million from Control Finance
The U.S. Commodity and Futures Trading Commission (CFTC) is reportedly demanding a $ 572 million penalty and compensation from the owner of a “fraudulent” bitcoin trading system, Control-Finance. FinanceFeeds reported on the news on Friday and cited a proposed default judgment filed by the CFTC at the New York Southern District Court on Thursday. According to the verdict, Control-Finance owner and sole director Benjamin Reynolds will have to pay a $ 429 million penalty and $ 143 million in compensation for failing to appear and respond to a CFTC complaint filed in June 2019.
Thank you for your time a reading crypto news of the day 21.8.
