Crypto News of the day 27.8. |Bitcoin whale addresses have record highs, richest cryptoinvestors refuse to sell • and more
4 min readTable of Contents
Welcome to crypto news of the day 27.8. 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
This does not look very good at the ETH market at the moment. The closest strong support is at S / R level $ 363.37. This level is very important, its downward breakdown could mean a severe drop. We will probably have several weeks of correction and a subsequent quasi-sideways market. This will be followed by a breakout. Last week doesn’t look positive, but it’s not bearish, although it may seem so. The resistance at $ 400 seems to be very strong and it won’t let it break. From a historical point of view, a deep fall can be expected, but this is not a prediction, but an option by which the price can go.
You can monitor the current prices of cryptocurrencies here.
Last crypto news of the day (26.8.) here.
Cryptocurrencies
Bitcoin whale addresses have record highs, richest cryptoinvestors refuse to sell
He invests more whales in bitcoins than ever before. The number of wallets holding more than 1,000 BTC is now around 2,200, according to crypto analytics firm Santiment – the highest number in history. The Crypto Intelligence platform of Arcane Research shared these numbers, saying they show that the largest investors in cryptoactive assets do not intend to sell for profit.
Libra replaces general adviser Robert Werner after 3 months
Stevan Bunnell, a former general adviser to the US Department of Homeland Security (DHS), has been unveiled as Libra’s new chief lawyer. Since leaving the Department of Homeland Security in 2017, Bunnell has co-chaired O’Melvena & Myers’ personal data protection practice. He will join the Libra Association this month.
BTC’s high returns are not a safe haven for Indian investors
The Covid-19 pandemic has not yet prevented Indians from investing. In recent months, millions of new Indian investors have entered the stock markets and the demand for gold in the country is huge. Cryptocurrencies also proved to be lucrative, outperforming all other asset classes.
Crypto Exchanges, Banks, Companies
Police closed South Korean crypto exchange Coinbit for allegedly increasing trading
Seoul Metropolitan Police Agency reportedly stopped the local Coinbit crypto exchange for allegedly increasing the volume of trading. The oldest South Korean newspaper, Seoul Shinmun, reported on the incident in Wednesday’s news report and said Coinbit offices were closed due to alleged fraud. The exchange is accused of using multiple “ghost accounts” to inflate trading volumes.
ICON application offers remote KYC for the second largest bank in South Korea
South Koreans will soon be able to remotely open bank accounts requiring KYC verification using only their smartphones. According to an announcement from August 26 by ICONLOOP, a technology group of the South Korean blockchain network ICON, is working with Shinhan Bank to issue KYC certificates of conformity. The bank is the second largest bank in South Korea with assets of $ 375 billion. Blockchain will allow customers to use blockchain-based decentralized identity (DID) technology to open bank accounts using the Zzeung mobile application.
Regulations
US SEC has expanded the term qualified investor
The Securities and Exchange Commission (SEC) announced on Wednesday that it has officially extended the definition of a qualified investor to individuals. The update allows “natural persons” to qualify if they have achieved certain designations or data. “The amendment will allow investors to be assessed as qualified investors on the basis of defined criteria of expertise, experience or certification in addition to existing income or net worth tests,” the agency said in a statement.
Mining
Riot Blockchain buys 5,100 S19 Pro Antminers, aiming for a 1.66% hashrate
The Nasdaq-listed mining company has announced a new purchase of 5,100 Bitmain S19 Pro Antminers, scheduled for deployment in February 2021. The new miners will be purchased for $11.2 million, and comes hot on the heels of a $17.5 million deal for 8,000 S19 Pros that was inked with Bitmain on August 24.
DeFi
Evai.io: A decentralized system for DeFi
To achieve this goal, DeFi requires a decentralized rating protocol. Evai.io aims to provide such a system. Decentralized financing (DeFi) is now considered a killer application of blockchain – responsible for releasing billions. But as with any investment boom, this sector has its winners and losers.
Thank you for your time a reading crypto news of the day 27.8.
