Weekly events digest

By lioha369 | 1minRead | 26 Jul 2020


The crypto market intensified over the weekend and Bitcoin briefly rose above $ 10,000, among altcoins, Ethereum and Cardano became the growth leaders.

In traditional markets, gold showed itself best of all, stopping just a small step before a new price high, closing the week at $1901 per ounce.

Weekly digest:

  • Federal Court ruled that Bitcoin is officially a form of money covered under the District of Columbia's Money Transmitter Act.
  • The US Treasury authorized commercial banks to provide cryptocurrency storage service.
  • Warren Buffett purchased shares of Bank of America for $ 800 million.
  • ETH 2.0 final public testnet to start on August 4th.
  • PayPal has selected Paxos to manage crypto assets for its new service.
  • Agreed: the EU countries approved a budget of € 1.1 trillion and allocated € 750 billion for recovery after the corona.
  • The transfer which used the anonymous cryptocurrency Zcash through a secure address was tracked within 24 hours.
  • The financial regulator of Canada accused the country's largest crypto exchange Coinsquare of overstating trading volumes by 90%.
  • The Central Bank of China has decided to keep the base interest rate unchanged at 3.85%.
  • Grayscale investment group launches two new crypto funds for Bitcoin Cash and Litecoin.
  • Coinbase creates a group of leading cryptocurrency exchanges to exchange user data.
  • Investment Bank Goldman Sachs reached an agreement with the authorities of Malaysia and will pay $ 3.9 billion to settle the 1MDB fund case.

 

Please let me know if you like this format and if I should make more weekly digests!

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lioha369
lioha369

Crypto enthusiast. Not an advisor. Sharing my thoughts.


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