Crypto News of the day 26.8. |Whale launches transfer of $ 50,000,000 in BTC to Binance • Polkadot (DOT) enters top 7 after 80% explosion • and other news
3 min readTable of Contents
Welcome to crypto news of the day 26.8. 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
Will there be a market correlation? Only a clairvoyant knows that. We are still working with estimates based on historical data, so we have no certainty. The more Bitcoin goes to the side, the more we believe that it is a game by someone “big”. When it comes to distribution, it can be a big downfall. Volumes are generally bad, and if this continues, there may be a slump in the future due to low liquidity. However, the situation is uncertain and there can easily be a turn for the better. However, this month the price does not look good and maybe it is better to side with those who expect a decline. It will be the end of the month in a few days, hopefully we will know the result.
You can monitor the current prices of cryptocurrencies here.
Last crypto news of the day (25.8.) here.
Cryptocurrencies
The whale launched a transfer of $ 50,000,000 at BTC in Binance. Analysts predict what will happen next
The latest massive transaction is causing a stir among crypto traders. The large anonymous BTC holder has just transferred 4,500 BTCs worth more than $ 50 million for a fee of $ 22. The WhaleAlert alerted the transaction as first. The original wallet has been active since the arrival of the first BTC transaction, namely from 6 February. Since then, it has sent and received a large number of Bitcoins in more than 160 transactions.
Polkadot (DOT) enters the top 7 after an 80% explosion, will Bitcoin go down?
Bitcoin and most of the market are losing value, while Polkadot (DOT) continues to grow and successfully entered the top 10 best by market capitalization. The crypto market has lost $ 20 billion in market capitalization in the last 24 hours because most of the cryptos are in red. The current bitcoin low is at $ 11,100, while Ethereum has reached its goal of $ 370.
Tether outperforms Paypal and Bitcoin in the average daily transfer value
According to a recent survey, the average daily transfer value for Tether exceeded Bitcoin and PayPal. A CoinMetrics report revealed that the 7-day average value of the Tether currency conversion was more than $ 3.55 billion as of Aug. 20. That’s about 20% more than BTC, which was $ 2.94 billion, according to research.
Crypto Exchanges, Banks, Companies
Coincheck: From a hacker attack to the launch of Japan’s first IEO
The popular Japanese cryptobourse Coincheck, which was hacked in 2018, is now becoming the first Japanese crypto exchange to offer Initial Exchange Offering (IEO) in the country. The information was published by this platform in a recent press release, where they further explain what new plans they have for the future.
Flare, Ripple’s partner, wants to connect the Ripple and Ethereum ecosystems
Flare Networks, an XRP-funded project, came up with the idea of integrating a two-way trustless bridge with the Ethereum network. Ensuring this interoperability is expected to be one of the first management proposals to be voted on by the community.
Ribbit Capital established its SPAC through an IPO of $ 350 million
Ribbit Capital, an investor in companies such as Coinbase and Robinhood, has applied for a $ 350 million acquisition of IPAC. The connection should be made with their Special purpose acquisition company (SPAC).
DeFi
DeFi outperforms $ 7 billion in funds, but only six projects hold 90% of the capital
The total value of capital locked in decentralized financing (DeFi) protocols increased by 271% in less than two months, exceeding $ 7 billion for the first time, according to DeFi Pulse. If the current rate of growth continues, by the end of 2020, DeFi will be worth over $ 27 billion.
Hacking
Browser encryption is back, as attacks have risen sharply by 163% recently
The rise in crypto prices has been accompanied by a wave of cryptojack attacks since March. According to new research published by the cyber company Symantec, browser attacks increased by 163% in the second quarter of 2020. A year earlier, the number of cryptojacking attacks (since March 2019) has fallen sharply, mainly due to the termination of CoinHive services, which allowed websites around the world to use their scripts to use visitor processors to mine virtual currencies.
Thank you for your time a reading crypto news of the day 26.8.
