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!
Hit like button or comment below! Thanks!