Shortly from the Crypto World (15/08) | BitMEX adds KYC to its clients • Chainlink overtakes BitcoinCash and is now the 5th largest cryptocurrency • and other news
3 min readTable of Contents
We have prepared for you an overview of the most important things that happened during the last day in the crypto world and crypto market.
Markets
Bitcoin’s market dominance continues to decline, although BTC has recovered from its declines and is trading at around $ 11,850. This is mainly due to numerous impressive alt pumps, including Ethereum, which has now reached over $ 430. Other altcoins are also in green, including Ripple (4.5%), Bitcoin Cash (3%), BitcoinSV (3.3%) and Litecoin (4%). Chainlink grew by 5.3% and yesterday reached another new record high of almost $ 18.5 (at Binance). Tron teamed up with Waves to push for mass adoption in the DeFi sector. As a result, both native cryptocurrencies (TRX) and (WAVES) increased by 15% and 40%, respectively.
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And continue with overview of news from the crypto world.
Cryptocurrencies
Largest mining pool sent 800 BTC to Binance
800 BTC from the currently largest mining pool Poolin, which is responsible for the lion’s share of newly mined BTC in the last few days, has now ended up in Binance. “I expect a little pullback,” commented Twitter CryptoQuant CEO Ki Young Ju.
Some traders bet that ETH will reach $ 1,000 by the end of the year
In December 2020 and March 2021, more than 3,370 contracts worth $ 1.3 million expire this month. These trades were executed on the Deribit derivatives exchange. Ether is now close to $ 420, a year-over-year increase of more than 200%. An impressive price rally and expectations for the continued bull run led by DeFi could be the driving force behind the activity, and some traders expect the ETH to reach USD 1,000 by the end of the year.
Chainlink overtook BitcoinCash and is now the 5th largest cryptocurrency
ChainLink (LINK) digital assets still hold a solid 5th place on Coinmarketcap. A few days ago, LINK managed to beat Bitcoin SV (BSV) and Bitcoin Cash (BCH) to get to its current position. In addition, LINK constantly sets new high values, almost every 24 hours. Yesterday, LINK reached a new all-time high of $ 18.35. Team at Weiss Ratings told:
The native token of decentralized oracle network #Chainlink (LINK) has reached the top five in terms of market value. That’s… a bit too much, the high is near.
Cardano wants to introduce ADA payments on Shopify for 500,000 online stores
The integration of Cardano (ADA) and Shopify, which would allow ADA cryptocurrency payments for more than 500,000 online stores, is under development. The SHOP-sponsored project seeks to create a bridge between Cardano and the e-shops that will allow online stores and customers to exchange ADAs for goods with zero fees and commissions.
Cryptocurrency Exchanges, Banks, Companies
BitMEX adds KYC to its clients
BitMEX introduces a new KYC system for its users. Users will have 6 months to complete identity verification from the launch date. This decision means a shift to regulations in the traditional financial space.
Bitcoin.com Wallet introduces support for USDT
During the first week of July, Bitcoin.com Wallet added a number of new features, such as portfolio segmentation and the ability to exchange honestcoins (USDH). With the latest update this week, Bitcoin.com wallet users can now also store stablecoin USDT in their wallets.
4 of the top 5 South Korean banks now offer crypto services
South Korean banks Woori and Shinhan have just announced their intention to introduce “crypto services”. That means four of the country’s five largest banks, with more than $ 1.2 trillion in assets, are now ready to launch crypto services. The goal of each bank is to hold and manage cryptocurrencies for clients. Both Shinhan and Woori have announced their plans in direct response to an amended special financial transaction information law that will change crypto asset legislation coming into effect next year.
Blockchain, Technology
Japanese city uses a blockchain application to solve administrative tasks
Authorities in Kaga City, Ishikawa Prefecture, Japan are now using a Local Government Form Electronic Application (LoGo) blockchain application to manage key city administrative procedures, according to a press release dated August 13, 2020.
Thank you for your time and reading overview of news in the crypto world.
